Moonshot AI, the Beijing-based company behind the Kimi chatbot, is moving toward a Hong Kong IPO after releasing its Kimi K3 model, a 2.8 trillion parameter open-weight system that led the Frontend Co…
Hamza Tahir of ZenML highlighted at an AI Engineer conference that most agent costs come from waiting—on tools, humans, or retries—not from inference. A peer-reviewed study, "The Harness Effect," foun…
Alphabet Inc., Google's parent company, announced the largest equity capital raise in corporate history, pulling in $80 billion through stock sales, convertible preferred shares, and a $10 billion pri…
The five largest Wall Street banks — JPMorgan Chase, Bank of America, Citigroup, Goldman Sachs, and Morgan Stanley — collectively reported $114 billion in capital markets revenue in the first half of …
TSMC posted record second-quarter revenue of over $40 billion, up 36% year on year, with net income rising 77%, but its stock fell 4% after the chipmaker raised its 2026 capital expenditure forecast t…
Zhongji Innolight, a Shenzhen-listed optical module maker supplying AI data center components for Nvidia's ecosystem, has secured approval for a secondary listing on the Hong Kong Stock Exchange that …
Stock market losses led by Nasdaq and AI stocks dominated the weekly review, with Goldman, GE, Taiwan Semi, and IBM in focus.…
Bank of America named Kevin Milsom as head of platforms AI transformation and moved Amy Avery's Analytics, Modelling & Insights team under the platforms group to centralize AI and data-driven insights…
The semiconductor sector lost over $1 trillion in market value in under two months, with the VanEck Semiconductor ETF dropping 5% in a single session, even as demand data from hyperscalers and chipmak…
Asian stocks tumbled this week even after Taiwan's TSMC reported blockbuster numbers, with Korea's KOSPI plunging 6% on Thursday amid concerns about AI capex durability and unwinding of leveraged posi…
SK Hynix's American depositary receipts raised $26.5 billion in the second-biggest share sale in Wall Street history on July 10, but the stock has since swung wildly, with a 13% debut gain followed by…
Five major US banks—Bank of America, Wells Fargo, Citigroup, Goldman Sachs, and Morgan Stanley—collectively cut over 10,000 jobs in Q2 2026, the largest quarterly reduction in at least six years, even…
Goldman Sachs led a $100 million Series D round for Spectro Cloud, a Santa Clara startup whose PaletteAI software manages GPU clusters across different chip vendors and clouds, bringing total funding …
Anthropic is lining up investor meetings with Goldman Sachs, Morgan Stanley, and JPMorgan Chase for a potential October IPO at a nearly $1 trillion valuation, after the company was last valued at $965…
Anthropic and Blackstone on July 15 launched Ode with Anthropic, a $1.5 billion enterprise AI services company that embeds applied engineers inside large organizations to build and deploy systems powe…
1Password launched an AI Spend and Consumption Management tool within its SaaS Manager platform to help IT and finance teams track and control AI token costs from Anthropic, Cursor, and OpenAI. CFO Gr…
Alpaca, a developer-focused brokerage infrastructure company, has raised $435 million in a funding round split between $135 million in equity and $300 million in debt to explore prime brokerage servic…
Goldman Sachs booked a record $3.4bn in investment banking fees in the second quarter, up 55% year-on-year, driven by what CEO David Solomon called an AI CapEx super cycle. Equity underwriting rose 13…
Anthropic is quietly scheduling investor meetings for a potential October IPO, targeting a $965B valuation, while facing diplomatic backlash in Europe after sending a junior employee to deliver AI-gen…
Goldman Sachs has initiated coverage of Hong Kong Exchanges and Clearing (HKEX) with a 'buy rating', citing Beijing's policy support and a boost from artificial intelligence stocks. Analysts Thomas Wa…