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Kling AI generated more than RMB 850 million in Q2 revenue, up 240% year over year, making it the standout growth driver in Kuaishou’s otherwise slowing business. Kuaishou is prioritizing AI investment, spinning Kling AI out for independent financing at an implied valuation of US$18 billion despite near-term profit pressure.
Anthropic plans to let business customers retain data for its most capable AI models on their own cloud infrastructure. The planned safety system, expected later this year, would still require a 30-day retention period while moving storage control to customers.
Nokia is reportedly planning further layoffs, facility closures, and a major reduction of its mainland China operations, potentially retaining only limited after-sales services. The retreat is part of a global restructuring toward AI and cloud businesses, but it may reduce Nokia’s access to China’s large-scale 5G deployment data needed for AI-RAN and future 6G research.
Tesla’s Robotaxi fleet in Austin may now be operating without human supervision. The report suggests the autonomous-driving rollout has progressed, although the wording indicates the development is not fully confirmed.
Alibaba’s net profit fell 75% to $1.54 billion in the June quarter as capital spending reached $9.98 billion. The spending reflects a major investment in AI infrastructure and cloud capabilities rather than a deterioration in core business performance.
Alibaba Group reported a 9% revenue increase as growing AI development in China boosted demand for computing capacity from its cloud business. The results highlight how AI infrastructure demand is supporting Alibaba’s broader growth.
Lightelligence is shifting from computing with light to connecting with light, signaling a more pragmatic focus on photonic interconnects. Despite strong investor enthusiasm following a 383.62% first-day stock surge in Hong Kong, the company faces concentrated customers, slow receivables, declining margins, and supply-chain risks.
Kuaishou’s Kling AI video-generation business generated more than RMB850 million in second-quarter revenue. Revenue rose over 200% year on year and 30% quarter on quarter, reaching RMB1.5 billion in the first half of the year.
Meta has launched a dedicated desktop app for Meta AI on Mac. The release supports the company’s broader effort to make its AI tools more suitable for business use.
A driverless Tesla Robotaxi in Austin repeatedly stopped near plastic barriers before ultimately crashing through them and continuing to drive. The incident has renewed scrutiny of Tesla’s path planning and decision-making after an executive described the service’s safety record as “impeccable.”