Lefeng reported on Oct. 10 that Li Auto plans to use self-developed batteries across more models after 2026 and has invested RMB 2.65 billion in Sunwoda Power. Nio CEO William Li told staff the next three years will focus on the core business, premium segment and key markets, while former BYD Europe chief Shu Youxing has founded a new energy company.
Ultra Robotics said it raised $62 million across two rounds, including a $50 million Series A led by Framework Ventures, to fund engineering work and wider deployment of its OP1 Operator warehouse robot.
CNBC's Jim Cramer said the start of earnings season next week will give investors a clearer view of corporate performance and the AI trade. He is bullish on Goldman Sachs and Wells Fargo, cautious on JPMorgan, and sees rising bond yields as a major risk.
Markets · Policy & Regulation · Large Language Models
Andreessen Horowitz partner Olivia Moore released a report on the top 100 consumer AI apps and told TechCrunch that ChatGPT remains far ahead, Suno and ElevenLabs are showing staying power, and categories including dating, retail and health have no top-100 entrants. She says the sector must find revenue beyond subscriptions and API charges.
OpenAI told investors its revenue was $18 billion lower than previously stated, pressuring AI stocks. Google launched an autonomous Gemini assistant, and funding continued for AI drug discovery and quantum computing. Microsoft and other companies were barred from a federal green-card program.
Edinburgh-based Danu Robotics has raised $5 million in late-seed funding and is bringing its H.E.R.O. recycling robot to market, aiming to sort waste faster and cheaper using AI.
Meta's Muse, OpenAI's Dots and startup Instinct are expanding AI agents from chatbots into shopping and life-admin tasks, while Revolut plans agentic shopping. Investors are weighing the impact on retail and fintech stocks.
U.S. stocks rose Friday, helped by calm oil and bond markets, as investors weighed SpaceX's Starlink mobile expansion, conflicting OpenAI revenue reports and a surge in options hedging against a tech pullback.
Tian Keyu, the Peking University PhD student ByteDance dismissed in 2024 for tampering with colleagues' training code, has raised $30 million from 5Y Capital and IDG for a stealth world-model lab valued at $200 million, according to Leiphone.
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Retail investors are borrowing more to buy stocks, with Robinhood's margin book at a record $21.6 billion in the second quarter. A Houston investor's Tesla trades show the potential gains and risks.
Porsche plans 5,000 more job cuts and a return to combustion-engine models, Tencent weighs up to $5 billion in offshore bonds, Alibaba's Tsai urges Europe to back open-source AI, and OpenAI makes GPT-6 available to all ChatGPT users.
Firmus Technologies has abandoned its planned ASX listing, which was expected to value the AI data centre company at $44bn, after investor demand fell short. The company says it will now seek private capital.
Bloomberg’s The Close said AI trade worries, oil and Treasury yields are pressuring markets and listed a broad guest lineup spanning fixed income, digital infrastructure, equities, consumer brands and space.
A senior Treasury adviser says U.S. Treasury yields are unusually high and likely to fall, citing an Iran war energy shock and AI-related corporate borrowing after 24-year highs.
OpenAI told investors its annualized revenue is approaching $50 billion, below a widely reported $68 billion figure, sending Nvidia, Oracle and CoreWeave shares lower. USA Today sued OpenAI over training data, mathematicians questioned its latest proofs, and Arena raised at a $3.1 billion valuation.
Rein Security raised a $25 million Series A to protect enterprises from risks posed by autonomous AI agents. Darwinium launched two capabilities to detect fraud and suspicious behavior by AI agents, SiliconANGLE reported.