Chinese AI startup MiniMax Group is raising up to $2 billion through share sales and convertible bonds in Hong Kong, as the company sells 35.6 million shares at a 9.9% discount, sending its stock down nearly 9.8%, while simultaneously offering HK$6.5 billion in zero-coupon convertible bonds due 2027.
Prisma ORM is taking the developer world by storm, amassing 774,000 users and 47,000 GitHub stars with its type-safe database toolkit that supports seven major databases including PostgreSQL, MongoDB, and MySQL for Node.js and TypeScript developers.
OpenAI acquires Northslope, a Palantir-backed applied-AI firm, deploying hundreds of engineers directly inside client businesses to dominate enterprise AI implementation as competition shifts from model performance to real-world adoption.
Samsung Electronics posts a jaw-dropping 19-fold surge in quarterly operating profit to $58 billion, yet shares plunge over 10% and trigger a market circuit-breaker in Seoul as sky-high investor expectations, fueled by a 150% stock rally tied to AI chip demand, go unmet.
Nvidia's next-gen Kyber NVL144 rack system is delayed to 2028 due to manufacturing failures with a critical circuit board, leaving the AI chip giant without a large-scale solution for its Rubin Ultra chips and handing rivals AMD and Google a rare opening to challenge its dominance.
TeraWulf secures a landmark 20-year, $19 billion lease deal with Anthropic at its Kentucky data campus while simultaneously selling its Bitcoin mining stake for $450 million, signaling a bold and decisive pivot toward AI infrastructure dominance.
Google Research's AI-powered Empirical Research Assistants are now used by 100% of its team, evaluating up to 200,000 computational models simultaneously to accelerate breakthroughs in genomics, neuroscience, and epidemiology, while also tackling science's reproducibility crisis — though human expertise remains critical to prevent AI from generating physically impossible results.
Palantir CEO Alex Karp reveals a new partnership with Nvidia and outlines the company's frontier AI strategy live on CNBC's 'Squawk Box,' signaling a major expansion in Palantir's artificial intelligence ambitions.
Alibaba's new SkillWeaver AI framework slashes token usage by over 99% — from 884,000 to just 1,160 per query — using a three-stage pipeline that intelligently routes complex multi-step tasks to the right tools, with accuracy jumping as high as 92% on larger models.
Microsoft launches 'The Microsoft Frontier Company,' a $2.5 billion initiative embedding 6,000 engineers inside customer organizations to build and operate AI systems, intensifying an industry race against Amazon, OpenAI, and Anthropic to help businesses achieve real AI results beyond demos.