China’s biggest memory chipmaker is about to test the public markets. ChangXin Memory Technologies, known as CXMT, has priced its Shanghai IPO at 8.66 yuan ($1.28) a share, the South China Morning Post reported. The sale will raise about 57.9 billion y…
Reflection AI has locked in more computing power. The US startup signed an AI compute deal worth more than $1bn with Nebius, the Amsterdam-based cloud provider, according to Bloomberg. The agreement runs through 2029. It gives Reflection access to Nvid…
DeepSeek is getting ready to go public. The Chinese AI lab has started laying the groundwork for an initial public offering, according to Bloomberg. It could file as soon as this year, with a debut targeted for 2027. First, though, it wants to raise mo…
ASML is working to cut the time it takes to build and test its extreme ultraviolet lithography machines by roughly a third, CFO Roger Dassen told reporters on Wednesday. The cycle time, the period between starting production in ASML’s clean rooms and s…
Apple is in early talks with PrismML, a startup that shrinks large AI models to run directly on a phone. The company’s on-device AI pitch could help Apple keep more of Siri’s work off the cloud. PrismML chief executive Babak Hassibi told CNBC that Appl…
The UK government has proposed a midnight social media curfew for 16 and 17-year-olds, plus limits on infinite scrolling. The UK social media curfew would switch on by default, though teens could turn it off. The government set out the measures on Wedn…
South Korea plans to give every citizen free, unlimited access to a domestically powered AI chatbot, with a September beta and a separate agent designed to help people navigate government services.
Alibaba confirmed on Wednesday that its Qwen AI model will be integrated into Apple Intelligence across iOS, iPadOS, macOS, and visionOS for users in China. “Qwen will be integrated into Apple Intelligence experiences,” an Alibaba spokesperson told CNB…
Samsung says refusing AI training in Samsung Health will only delete data collected for AI development, leaving existing health records untouched.
A group of major book publishers and the author Scott Turow have sued Google, claiming it used millions of copyrighted books to train its Gemini AI without permission. The Google Gemini lawsuit calls it “one of the most prolific infringements of copyri…