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CXMT Listing Fuels China’s AI Hardware Momentum
CXMT Corp.’s breakout listing has boosted optimism across China’s domestic AI hardware sector. The momentum supports China’s broader ambition to compete with the US in AI development.
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Alibaba Bets Nearly $10 Billion on AI
Alibaba’s profit plunged after it raised quarterly capital expenditure for AI to nearly $10 billion. The report also examines Meta’s growing role as a Microsoft AI customer and Castelion’s plans to scale hypersonic missile production.
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Mayfield Doubles Down on Pre-Product AI Founders
Mayfield has invested more than $3 billion in AI companies, often before founders have built products or formally incorporated. Managing Partner Navin Chaddha explains the firm’s belief in AI as a potential “100x opportunity” and its decision to remain focused on early-stage investing.
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Anthropic Eyes SpaceX-Sized IPO
Anthropic reportedly expects its initial public offering to match or exceed SpaceX’s record-setting IPO size. Preparations for the AI company’s debut are accelerating, according to people familiar with the matter.
Canada’s AI Autonomy Faces US Trade Pressure
The US Trade Representative’s reference to “digital trade alignment” in talks with Prime Minister Mark Carney’s government is raising concerns in Canada. Critics worry the agreement could limit Canada’s ability to independently regulate technology companies and AI.
Waymo Builds Custom Chip for Smarter Robotaxis
Waymo has developed a custom chip designed to improve the performance of its robotaxis. The chip also reduces the company’s reliance on third-party suppliers such as Nvidia.
Chinese AI Chips Struggle With Coding Inference
Chinese AI companies are optimising software to handle growing inference demand while access to high-end Nvidia processors remains limited. Domestic chips can support some inference workloads, but complex coding tasks still depend partly on scarce Nvidia capacity.
Meta Quietly Becomes a Major Microsoft AI Customer
Meta Platforms has reportedly become one of Microsoft’s largest AI customers. The development suggests that demand for emerging AI technology remains heavily concentrated among major technology companies.
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Chinese AI Models Narrow the Gap at Lower Cost
Moonshot and ZAI are reportedly approaching the performance of models from OpenAI and Anthropic. The models can reportedly build passable websites at a cost 75% lower than Claude, highlighting potential advantages in cost-sensitive coding workflows.
Ant Group Profit Stalls as AI Spending Rises
Ant Group’s quarterly profit barely grew after the company increased spending on artificial intelligence. The investments target healthcare, large language models, and payment services, while expansion costs also pressured results.