Lynn Hatem

Lynn Hatem covers world news, culture, and lifestyle for Beijing Times, following the stories and trends shaping contemporary life around the globe.

SMIC Raises Chip Prices and Weighs Capacity Expansion on Surging AI Demand

SMIC is raising chip prices and considering new capacity as AI-related demand for mature-node chips surges beyond forecasts, lifting shares after strong Q2

Anthropic Could Seek $3 Trillion IPO Valuation, Topping SpaceX Record

Some investors expect AI developer Anthropic to seek a $2 trillion to $3 trillion IPO valuation, above SpaceX's $1.7 trillion record, a new report says.

Ackman Rebuilds Netflix Stake, Adds Five New Holdings to Pershing Square

Bill Ackman's Pershing Square has re-entered Netflix and added five other new holdings over six months, reversing his 2018 exit from the streamer.

Databricks Raises $5 Billion at $190 Billion Valuation on Agentic AI Boom

Databricks has closed a $5 billion funding round valuing the AI infrastructure firm at $190 billion, fueled by surging demand for agentic AI tools.

Bullish Stock Surges Despite $280M Q2 Loss and 44% Drop in Asset Sales

Bullish shares climbed after the crypto exchange operator reported a $280M Q2 net loss and a 44% drop in digital asset sales.

Cerebras Stock Plunges as AI Chipmaker Swings to Quarterly Loss

Cerebras shares tumbled after the AI chipmaker swung to a quarterly loss, testing investor confidence in the sector despite continued revenue growth.

SanDisk Shares Surge 12% After Unveiling Growth Targets Through 2030

SanDisk stock jumped about 12% after unveiling long-term revenue and profit targets through 2030 at its Investor Day, lifting memory peers and prompting an

Tapestry Forecasts Strong Annual Profit as Coach Lures Young Shoppers

Tapestry forecast strong annual profit on Coach's momentum with younger consumers, though shares slid as the outlook met lofty investor expectations.

Anthropic CFO Krishna Rao Opens Early IPO Talks With Investors

Anthropic CFO Krishna Rao is leading early investor meetings focused on Claude AI and management, with valuation not yet discussed, sources say.

OpenAI Revenue Chief Denise Dresser Quits After Less Than a Year

OpenAI revenue chief Denise Dresser is leaving after less than a year, the second major executive exit in days as the company eyes a potential IPO.

Luigi Mangione Expected to Plead Guilty in Federal Case Over Insurance CEO Killing

Luigi Mangione is expected to plead guilty in the federal case over the killing of UnitedHealthcare CEO Brian Thompson, as lawyers meet prosecutors.

Steve Eisman Warns China’s AI Models Are ‘Achilles’ Heel’ of Boom

'Big Short' investor Steve Eisman warns that low-cost Chinese AI models pose the biggest risk to a rally reliant on OpenAI and Anthropic.

Workday Surges 20%, Trading Halted on Silver Lake Takeover Talks

Workday shares jumped about 20% before trading was halted on a report that Silver Lake is in talks to take the software company private.

Intuitive Machines Stock Drops 9% After Q2 Loss and Revenue Miss

Intuitive Machines shares fell about 9% after the lunar company reported a wider Q2 loss and revenue below Wall Street forecasts.

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