Markets · AI Chips & Compute
Seoul shares jump 4.6% to five-week high on OpenAI's GPT-6 Astra; won near two-year high
Seoul shares jump 4.6% to a five-week high on OpenAI's GPT-6 Astra, while the won hits a near two-year high.
Latest news, developments and reporting on Markets.
Seoul shares jump 4.6% to a five-week high on OpenAI's GPT-6 Astra, while the won hits a near two-year high.
Sifted reports Hugging Face has been sold for $12.9 billion, a deal called both inspiring and dispiriting for Europe.
South Korean stocks opened sharply higher Monday, led by tech shares despite Middle East tensions, after OpenAI's GPT-6 Astra raised chip demand expectations.
XDOF is in late-stage talks for a Series B at a $1.2 billion valuation, led by 8VC, three months after emerging from stealth, TechCrunch reports.
Gimlet Labs raised $300M at a $3B valuation for AI inference disaggregation platform and custom hardware.
Tesla launched limited Cybercab robotaxi rides in Austin but disappointed investors; shares slid 6% Friday as NHTSA opened a safety audit.
Oura, the health-tracking smart ring maker, plans to list on the Nasdaq later this month after filing with U.S. regulators, revealing strong revenue growth and a fast-expanding subscription base.
Changzhou-based auto-lighting maker Xingyu has apologized twice after 107 new graduates were forced to resign or take operator jobs amid a labor dispute that also drew attention to its robotics expansion and Hong Kong listing plan.
Nvidia agrees to acquire AI hub Hugging Face for $12.93B, vowing to keep the platform open and neutral.
Venture investors are turning more selective toward AI startups, warning that a shakeout in early-stage deals may come over the next 6-12 months as focus shifts to productivity and genuine value.
ChargePoint shares jumped over 50% after Q2 beat, and CEO Rick Wilmer says growth is accelerating, driven by new products and AI.
Jim Cramer's Thursday market preview points to a flat open as yields rise, with Snowflake surging over 24%, Broadcom slipping on light guidance, and Nvidia acquiring Hugging Face for $12.9 billion.
HiddenLayer raised $100 million to protect AI models, and edge security startup Huskeys closed a $27 million round, according to SiliconANGLE.
Nvidia backed Spanish optical-switch startup IPronics in a $125m Series B raise, Sifted reported.
S&P 500 rebounds, Nvidia leaps 4% as Dell results signal AI demand; Broadcom earnings next.
AfterQuery reportedly raises $3.2B valuation round, becoming Y Combinator's fastest unicorn.
US and Iran re-escalate tensions with military strikes near the Strait of Hormuz, while bond markets spike ahead of the Fed meeting and AWS touts AI in entertainment.
A key measure of AI token prices hit a record low this week as competition intensifies, squeezing AI model providers.
Newlight's hydrogen-injection retrofit cut cargo-ship fuel use by 24% and CO2 emissions by 28% in a trial voyage.
MediaTek shares surged 10% after Nvidia's $3.5 billion investment and partnership, boosting its data center ambitions in the AI chip market.
Jim Cramer defends outgoing Apple CEO Tim Cook, citing 2,280% stock gains and a $4.7 trillion market cap, as John Ternus takes over.
Jim Cramer's trust trims Palo Alto stake to 1.5% as cybersecurity rally follows OpenAI breach.
Oil jumps on U.S.-Iran tensions; Fed comments hit tech stocks; OpenAI splits with Cursor. Markets brace for jobs data.
XPeng robotics raises over $900M, a record for China's embodied AI; IRON to mass-produce by end-2026.