Patsnap, an AI-powered intellectual property analytics firm backed by SoftBank, Tencent, and Sequoia Capital, has filed confidentially for a dual IPO in Hong Kong and Singapore that could raise up to …
South Korea's largest crypto exchange Upbit will list OpenGradient's OPG token on June 15 with BTC and USDT pairs, expanding the AI infrastructure token's reach into the Asian market. The project, whi…
Bank of America Securities initiated coverage on TeraWulf with a Buy rating and a $34 price target, citing the company's successful pivot from Bitcoin mining to AI data center operations. TeraWulf rep…
Shanghai Enflame Technology Co., a Tencent-backed AI chip maker, received IPO approval on China's STAR Market to raise approximately $830 million for next-generation semiconductor development, despite…
The US government is allowing the OMB Memorandum M-25-03, which governed federal data center efficiency standards, to expire on September 30, 2026, with no replacement planned. This creates a regulato…
Asia hedge funds focused on AI hardware and semiconductors achieved triple-digit returns in early 2026, with E20 Capital's Global Opportunity Investment Fund up 136% and WT Asset Management's China Fo…
The US Department of Commerce ordered Anthropic to disable access to its Fable 5 and Mythos 5 models for foreign nationals after a high-risk jailbreak vulnerability was disclosed, marking the first ma…
Carmen Li, CEO of Silicon Data and Compute Exchange, said the compute market is shifting from on-demand to forward contracts as GPU price volatility rises, with fungibility challenges complicating tra…
The Trump administration blocked foreign access to Anthropic's Mythos 5 and Fable 5 AI models due to a jailbreak vulnerability, prompting Anthropic to disable the models globally. The move triggered a…
Australian billionaire Gina Rinehart invested over $1 billion in SpaceX through her mining company Hancock Prospecting, marking her largest non-mining bet. The investment, made after SpaceX's June 15 …
Kazakhstan signed a memorandum of understanding with Nvidia and Freedom Holding Corp. on November 7 to build a $2 billion Sovereign AI Hub, part of broader AI agreements that could attract up to $10 b…
Banks are racing to appoint chief AI officers, with adoption surging from 26% to 76% in a year, according to an IBM survey. HSBC, Commonwealth Bank of Australia, and Lloyds Banking Group have made hig…
Schneider Electric and Foxconn have formed an alliance to accelerate AI data center deployment, combining expertise in power infrastructure and hardware at scale. The partnership aims to meet surging …
ByteDance, TikTok's parent company, is negotiating to buy at least 50,000 AI inference GPUs from Shanghai-based Iluvatar CoreX, as US export controls push Chinese tech firms to diversify away from Nvi…
SpaceX raised $75 billion in its IPO on June 12, the largest in history, valuing the company near $2 trillion. The funds will support plans to deploy up to 1 million satellites for orbital AI data cen…
The Bloomberg US Leveraged Loan Index fell 1.34% in February 2026, its worst monthly decline since 2022, driven by a collapse in software loans amid AI fears. Over $17.7 billion in software debt turne…
Microsoft CEO Satya Nadella warned against the overuse of frontier AI models for non-critical tasks, coining the term 'token-maxing' to describe the wasteful practice. Speaking on the New York Times H…
Animoca Brands-backed chess platform Anichess is hosting a Hong Kong event on June 16 with world chess champion Magnus Carlsen, featuring a fireside chat on chess and AI strategy. The event, titled 'C…
PJM and ERCOT, America's two largest grid operators, face interconnection queues exceeding 233 GW, driven by AI data centers and Bitcoin miners. The surge threatens grid reliability and has already dr…
Anthropic was forced to disable its frontier AI models Fable 5 and Mythos 5 after the Trump administration imposed new export controls on June 12, citing national security risks. The directive from Co…