Articles from www.reuters.com

Articles from www.reuters.com

Xiaomi and CXMT say the Xiaomi 18 Fold smartphone will debut CXMT's LPDDR6 DRAM chips, alongside Xiaomi's in-house 3nm Xring O3 SoC, launching in September (www.reuters.com)
1 day ago Xiaomi

CXMT sues the Pentagon over its Chinese military company designation, saying it isn't affiliated with the Chinese military and its chips aren't for military use (www.reuters.com)
1 day ago China Pentagon

Sources: Shein pivoted to a Hong Kong IPO and sought to build Chinese government ties, after its New York and London bids failed to secure Beijing's approval (www.reuters.com)
1 day ago China Hong Kong IPO New York London

A US judge blocks the Pentagon from blacklisting Anthropic, ruling that its designation as a supply-chain risk was “illegal and baseless” (www.reuters.com)
2 days ago Pentagon

Sources: Anthropic discussed buying AI chip startup MatX for ~$7B, but talks are no longer active; MatX is now seeking to raise new capital at a ~$4B valuation (www.reuters.com)
2 days ago Startup AI

Source: Nvidia plans an employee-funded political action committee called NVPAC, as it seeks to step up its efforts to influence US policy (www.reuters.com)
2 days ago Nvidia

Japan's Kioxia and Sandisk plan to spend $31B+ in Japan through 2032 to drive chip tech and expand production capacity, including an $11.3B Kitakami plant (www.reuters.com)
2 days ago Japan

Gambit Security: Russian-speaking ransomware gang Aur0ra used SpaceX's Cursor AI coding assistant to breach at least seven companies between April 8 and May 21 (www.reuters.com)
2 days ago Russia AI SpaceX

Sources: Adam Mosseri met with state AG representatives roughly a month ago, saying Meta would appeal any adverse verdict but was willing to make changes (www.reuters.com)
2 days ago

Sources: Singapore-based Shein is set to price its Hong Kong IPO at ~$6.20, or near the midpoint of its marketed range, raising $1.73B and valuing it at ~$26.5B (www.reuters.com)
2 days ago Hong Kong IPO Singapore

Nvidia forecasts Q3 revenue of $108B, above a $104B estimate, and expects FY 2028 revenue to grow by about 70%; NVDA jumps 4%+ after hours (www.reuters.com)
3 days ago Nvidia

Brazil's government sues Discord for $97M, accusing it of failing to comply with laws protecting children and teens; Discord calls the lawsuit disproportionate (www.reuters.com)
3 days ago Brazil

Meta agrees to pay up to $18B to settle US states' claims that it designed Facebook and Instagram to addict children, misled consumers, and more (www.reuters.com)
3 days ago Facebook Instagram

The US DOJ says it disrupted a Chinese hacking operation responsible for break-ins at the DOJ, NASA, the Fed, Senate, and others, seizing two platforms' domains (www.reuters.com)
3 days ago China Senate NASA

Filing: Meta reaches a settlement to resolve 29 US states' claims under COPPA that it designed Instagram and Facebook to addict children and misled consumers (www.reuters.com)
3 days ago Facebook Instagram

Investigation: Meta explored slashing many teams by ~60% to become “AI native”, but pulled back after staff revolted and data showed AI agents were ineffective (www.reuters.com)
3 days ago AI

Sources: Moonshot AI is in early talks over revenue-sharing agreements with Microsoft, Amazon, and Google to host Kimi K3, and is seeking up to a 30% share (www.reuters.com)
3 days ago Google Amazon Microsoft AI

South Korean AI services platform Wrtn raised a ~$72.2M Series C at a $722M+ valuation, bringing its total funding to ~$166M (www.reuters.com)
4 days ago Korea AI

State AGs' trial: Adam Mosseri denies Instagram stalled by not making its “Take a Break” teen safety feature the default until nearly three years after launch (www.reuters.com)
4 days ago Instagram

Mexico-based Primero, which aims to modernize legacy software used by Latin American companies with AI, raised a $12M seed co-led by Kaszek and General Catalyst (www.reuters.com)
4 days ago U.S. Mexico AI Latin America

Google launches Gemini Enterprise for Legal, expanding its platform with specialized AI agents and integrations with Thomson Reuters, LexisNexis, and Harvey (www.reuters.com)
4 days ago Google AI

Accelerated Understanding launches an enterprise-focused physics AI model that uses neural operators and handled 5T pieces of data in a single prompt in tests (www.reuters.com)
4 days ago AI

Unitree shares fell 45% after surging more than 5x in their August 19 Shanghai debut, cutting its valuation from $66B to $36B, raising robotics bubble concerns (www.reuters.com)
5 days ago Robot Shanghai

Taiwanese prosecutors indict nine people, including Nvidia and Super Micro employees, for allegedly helping illegally export AI servers to China (www.reuters.com)
5 days ago China Taiwan AI Nvidia

The FTC is settling its lawsuit against Zillow, resolving claims that Zillow violated antitrust law by paying Redfin $100M to stop competing in rental listings (www.reuters.com)
5 days ago

Alibaba launches Wan3.0, a video generation model that can generate 30-second videos from documents, spreadsheets, slides, and web pages (www.reuters.com)
5 days ago Alibaba

Chinese EV maker XPeng says its robotics business raised $900M+ led by IDG and Gaorong Ventures at a $6.3B valuation, with Tencent and Alibaba participating (www.reuters.com)
5 days ago China Alibaba Tencent Robot IDG

Alibaba plans to raise ~$10B in a follow-on share offering to fund AI investments; sources: it plans to offer 710M shares at a 3.6% discount to Friday's close (www.reuters.com)
6 days ago Alibaba AI

Sources and documents detail how Tether's plan to build two bitcoin mining sites in Uruguay fell apart amid a dispute with state utility UTE over power supply (www.reuters.com)
7 days ago Bitcoin

Nvidia makes a minority investment in Cloverleaf, which works with utilities and energy providers to secure infrastructure for data center sites (www.reuters.com)
8 days ago Energy Nvidia

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