Xiaomi’s profit drops again as the memory crunch squeezes its phones
Xiaomi’s profit drops again as the memory crunch squeezes its phones

Xiaomi’s profit fell again in the second quarter. A global memory shortage kept pushing up the cost of its phones. The Chinese company posted its third straight quarterly profit decline, Bloomberg reported. Adjusted net income dropped about 43 percent …

Nvidia’s new financial strategy does not compute
Nvidia’s new financial strategy does not compute

April – 1805 Napoleon is master of Europe Only the British fleet stands before him Compute is now an asset class I see it is once again time to talk financial innovation. Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR are all working with Nvidia to put together $500 billion in financing to turn compute […]

Alphabet raises A$5.5bn in Australia, more than doubling a record Apple set in 2015
Alphabet raises A$5.5bn in Australia, more than doubling a record Apple set in 2015

Alphabet priced its first Australian dollar bond on Wednesday at A$5.5bn, about US$3.9bn, roughly 10% more than the market had pencilled in when the deal was trailed at the start of the week. It is the largest corporate bond sale ever done in the Austr…

As Wildfires Intensify, Climate Lies Endanger Lives, Report Warns

A new report warns climate disinformation about wildfires and heatwaves is spreading faster than ever, undermining public safety and emergency response.

SK Hynix will buy back $28.6bn of its own shares, the biggest repurchase in Korean corporate history
SK Hynix will buy back $28.6bn of its own shares, the biggest repurchase in Korean corporate history

SK Hynix will buy back 40 trillion won of its own stock, about $28.6bn at prevailing exchange rates, in what Korean media are calling the largest repurchase ever announced by a listed company in the country. The board approved the programme on Wednesda…

Cerebras launches the CS-4, its first multi-wafer system, though the chip inside is not new
Cerebras launches the CS-4, its first multi-wafer system, though the chip inside is not new

Cerebras has put three of its dinner-plate-sized processors into a single rack for the first time. The CS-4, unveiled on Tuesday at the company’s Supernova event and shipping this quarter, is pitched as an inference machine for frontier models, and Cer…

Florida Goes To Court And Asserts That OpenAI And Sam Altman Are Legally A Public Nuisance

Florida filed a legal case against OpenAI and Sam Altman that claims their AI is a public nuisance. This could open legal floodgates. An AI Insider analysis and scoop.

Unitree’s Blockbuster Debut Vaults Billionaire Founder Into Ranks Of China’s Richest Tech Moguls

Chairman and CEO Wang Xingxing’s fortune surged nearly sevenfold to $16 billion as investors bet on China’s leading humanoid robot maker.

Conor McGregor’s Next Move After UFC Almost Guaranteed

BKFC’s David Feldman says he’d bet his house that Conor McGregor fights bare knuckle after his next fight. The BKFC part-owner last fought at UFC 329 in July.

Son Of A Boxing Legend Featured In Bare Knuckle Boxing Event

BKB 58 Miami takes place Aug. 29 at the James L. Knight Center. Main card starts 8 p.m. ET on Vice TV. Full announced card, start time and how to watch.