Moonshot AI Weighs Up to $5 Billion Hong Kong IPO After $50 Billion Valuation
The Kimi developer has closed its last private round and lined up banks for a listing as soon as early 2027, Bloomberg reported.
Artificial Intelligence
Artificial Intelligence
- Artificial IntelligenceAnalysis
Nvidia Tells AI Customers Its Roadmap Holds After Huang Exit; Analysts Flag Key-Person Risk
The chipmaker says customer commitments continue without interruption under interim CEO Colette Kress. Analysts say the relationships Huang built with AI labs and cloud providers will be harder to replace.
- Big Tech Earnings
Alphabet Sinks on $9 Billion Cash Burn as Microsoft Gains on 48% Azure Growth
Alphabet's $51.4 billion quarter of capital spending and Microsoft's 48% Azure growth give Asia's chip and server makers a fresh read on AI demand before Thursday's trading.
- AI Policy
Asian Chip Stocks Hit by U.S. AI Regulation Fears as Philadelphia Chip Index Sinks 12.2%
Investors are pricing in tougher U.S. scrutiny of AI and data center construction after the midterms. Suppliers in Seoul, Tokyo and Taipei are in the firing line.
- AI Chips
FuriosaAI Raises $620 Million at $2.9 Billion Valuation to Scale AI Inference Chips
Korea's state-backed National Growth Fund put in about $280 million as the Seoul chip designer plans to more than double output of its low-power RNGD accelerator in 2027.
- Artificial Intelligence
DeepSeek Releases Super-Agent Coding Tool to Rival Claude Code Amid $15 Billion Round
The Hangzhou lab's free, MIT-licensed prototype works inside GitHub and Feishu, a first step toward the paid developer tools where U.S. rivals make their money.
- Korean AI
Kakao Q3 Operating Profit Rises to 240 Billion Won, Sets 6 Trillion Won AI Target for 2030
South Korea's messaging giant fell short of forecasts as KakaoTalk ads grew and content slipped, and it laid out revenue goals and payouts for the AI company it plans to split off.
- AI Deals
China Blocks SoftBank's $5.4 Billion ABB Robotics Takeover Over AI Data Concerns
ABB confirmed the Chinese security review prohibited the deal in China, a market that accounts for about 30% of its robots business.
- AI Infrastructure
SoftBank's Son Picks Sarawak and Peninsular Malaysia for $50 Billion AI Push, Anwar Says
Sarawak's premier says an AI data center is planned at Tanjung Embang, but the project is still at the planning stage and SoftBank has not confirmed the figure.
- Artificial Intelligence
Apple Picks Alibaba's Qwen for Siri in China, Testing From Nov. 4 Before December Launch
Alibaba's model will answer some Siri requests and power Writing Tools on iPhones in mainland China, giving Qwen a system-level slot on Apple's devices.
- Artificial Intelligence
India's TRAI Drafts AI Rules Making Telcos Report Serious Failures, Answer for Vendor AI
The telecom regulator wants board-approved AI policies at operators serving 1.37 billion subscribers, with comments due Nov. 27.
- Artificial Intelligence
China Moves to Put 23 AI Technologies Under Export Controls, With Comments Due Nov. 15
Beijing's draft would require licenses to send frontier model weights and code abroad, and a registration rule already applies to deals with foreign buyers.
