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China’s Z.AI raises $5 billion from new share, convertible bond sales, filing shows
3+ hour, 20+ min ago (296+ words) HONG KONG, Sept 13 (Reuters) – Beijing-based artificial intelligence company Z.AI Co Ltd raised a total of $5 billion from a Hong Kong share placement of about $2 billion and a concurrent convertible bond sale of about $3 billion, the company said in a…...
Hyundai Motor to roll out in-house driver-assist system in 2029
14+ hour, 19+ min ago (380+ words) SEOUL, Sept 13 (Reuters) – Hyundai Motor Group will launch vehicles equipped with its proprietary driver-assistance software in late 2029, two years later than planned, turning to Nvidia in the interim to accelerate deployment. The South Korean automaker will partner with the U....
OpenAI IPO will not happen in 2026 amid AI safety fears, Altman says
17+ hour, 43+ min ago (387+ words) “I actually think that, given everything happening with safety, right now would be an ill-advised moment to go public, and we don’t feel pressure on that,” Altman told Fortune. Growing numbers of U.S. lawmakers are calling for new rules…...
Larry Ellison cancels plan to sell Oracle stock
19+ hour, 43+ min ago (284+ words) Sept 12 (Reuters) – Oracle Executive Chairman Larry Ellison has canceled his plan to sell 50 million shares of Oracle stock, the company said on Saturday. “No Oracle stock was sold under that plan, and he has no other plans to sell any…...
AI startup Discovery Loop seeks around $50 billion valuation, Business Insider reports
1+ day, 14+ hour ago (147+ words) Sept 11 (Reuters) – AI startup Discovery Loop is seeking to raise funds again at a valuation of $50 billion, the Business Insider reported on Friday, citing people familiar with the matter. • Terms of the deal could change, and there is no guarantee…...
Exclusive-Nvidia in talks to invest in Anthropic’s mega IPO, sources say
1+ day, 15+ hour ago (315+ words) By Krystal Hu and Milana Vinn Sept 11 (Reuters) – Anthropic is in talks to bring Nvidia as an anchor investor into what could be the largest IPO in history, two people familiar with the matter told Reuters. Anthropic is seeking to…...
OpenAI agents attacked software service RubyGems before Hugging Face incident, WSJ reports
1+ day, 15+ hour ago (146+ words) Sept 11 (Reuters) - AI agents tested by OpenAI launched a cyberattack on software service RubyGems in May, two months before they hacked Hugging Face, the Wall Street Journal reported on Friday, citing AI researchers. The Journal said OpenAI c... Sept 11 (Reuters)…...
Altman tells staff OpenAI is open to slowing AI development, Bloomberg News reports
2+ day, 11+ hour ago (253+ words) Sept 10 (Reuters) – OpenAI Chief Executive Sam Altman told employees at a company meeting this week that the firm was open to slowing development of its AI systems, Bloomberg News reported on Thursday, citing sources, amid growing concern about the safety…...
Micron’s Taiwan workers to get rewards worth up to 68 months of pay
2+ day, 12+ hour ago (99+ words) TAIPEI, Sept 11 (Reuters) – Micron Technology said on Friday its direct labour employees in Taiwan would receive total fiscal 2026 rewards equivalent to 35 to 68 months of pay, with minimum cash compensation of T$1.7 million ($53,809.39). The U.S. memory chipmaker also said Taiwan…...
Tencent-backed Enflame surges 188% in Shanghai debut after $912 million IPO
2+ day, 12+ hour ago (135+ words) HONG KONG/SHANGHAI, Sept 11 (Reuters) – Chinese artificial intelligence chipmaker Shanghai Enflame Technology opened 188% higher in its Shanghai debut on Friday, after the Tencent-backed company raised 6.12 billion yuan ($912 million) in its initial public offering. The stock opened at 410 yuan versus its…...