Hypercubic unveils an AI platform to modernize critical 1960s COBOL mainframe systems that still power 70% of major enterprises, addressing the crisis of retiring engineers taking decades of institutional knowledge from undocumented systems running banks, airlines, and government operations.
Zhipu AI surges 13% in its Hong Kong trading debut, becoming the first major Chinese AI company to go public with a $558 million IPO as the Beijing-based OpenAI rival plans to invest 70% of proceeds into developing general-purpose AI models.
Intel spinout Articul8 raises over $35M at $500M valuation—five times its previous worth—while generating $57M in annual recurring revenue from specialized AI systems serving regulated industries like energy and finance.
Tesla deliveries crash 16% in Q4 2025 to 418,227 vehicles, missing Wall Street targets as Chinese rival BYD seizes the global electric vehicle crown with 2.26 million units sold, sending Tesla stock tumbling 2.59% amid mounting competition and policy headwinds.
Baidu files for Hong Kong IPO of AI chip subsidiary Kunlunxin, which has transformed into a major third-party seller with projected revenue exceeding $500 million as China accelerates semiconductor independence efforts amid U.S. restrictions.
Stock market concentration reaches 44-year high as just 10 companies now control over 41% of S&P 500 market capitalization, with tech giants and AI stocks driving unprecedented dominance while analysts warn of potential bubble risks ahead.
Anthropic challenges OpenAI's massive $1.4 trillion infrastructure spending spree by betting on algorithmic efficiency over brute-force scale, with co-founder Daniela Amodei claiming their 'do more with less' approach consistently produces superior AI models despite having a fraction of competitors' resources as both companies prepare for potential public offerings.
Nvidia approaches a $2-3 billion acquisition of struggling Israeli AI startup AI21 Labs, paying an extraordinary $10-15 million per employee to secure 200 specialized AI workers in what amounts to the tech industry's most expensive talent grab amid fierce competition for artificial intelligence expertise.
Moonshot AI, creator of Kimi AI models, raises $500 million in Series C funding led by IDG Capital with backing from tech giants Alibaba and Tencent, pushing the Beijing-based company's valuation to $4.3 billion and cash reserves beyond $1.4 billion.
Bank of America forecasts AI agent spending will explode to $155 billion by 2030, tripling industry estimates, as intelligent automation captures 10% of global knowledge work worth $18.6 trillion and unlocks $1.9 trillion in productivity gains across major industries.