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Cava Beats Quarterly Estimates as Diners Avoid Lettuce Amid Food-Safety Scares

Cava Group topped quarterly expectations and reaffirmed its forecasts as sales grew despite some diners avoiding lettuce amid a summer of food-safety scare

Riot Platforms Surges on $9.1 Billion AI Compute Deal With Anthropic

Bitcoin miner Riot Platforms struck a 20-year, $9.1 billion compute deal with AI developer Anthropic, sending shares higher and highlighting the crypto-to-

CoreWeave Stock Jumps 10% as Revenue Doubles, Debt Hits $35 Billion

CoreWeave shares rose about 10% after revenue more than doubled on AI infrastructure demand, though the company carries roughly $35 billion in debt.

U.S. July Inflation Report Lands Wednesday, Shaping Fed’s Next Rate Move

The U.S. consumer price index due Wednesday is expected to show a modest July rise, giving the Federal Reserve a key signal on its next rate move.

Medicaid Ends Federal Funding for Gender-Affirming Care for Minors

The Trump administration will halt Medicaid and CHIP funding for gender-affirming surgeries and hormone treatments for transgender minors starting October

Nio’s Strategic Workforce Reduction and Automation Plan for Enhanced Efficiency

Nio, one of China's premier electric vehicle (EV) manufacturers, has revealed ambitious plans to significantly reduce its workforce by 2027, emphasizing a shift towards...

China’s Venture Capital Funding Sees Notable Decline in 2023

In 2023, China's venture capital (VC) landscape has experienced a notable downturn, with funding in the first ten months dropping by nearly 30% compared...

Huawei Leads Smartphone Sales Surge During China’s Singles’ Day Festival

During China's renowned Singles' Day shopping festival, the country's smartphone market witnessed a noteworthy 5% increase in sales volume. This surge was predominantly fueled...

Binance’s Guilty Plea in US Poses Challenges for HK Crypto License Ambitions

Binance, the world's largest cryptocurrency exchange, and its founder Changpeng Zhao have recently pled guilty to violating US anti-money-laundering laws, a move that could...

South Korea to Pilot Central Bank Digital Currency with 100,000 Participants

South Korea is set to launch a groundbreaking pilot program involving its Central Bank Digital Currency (CBDC), with 100,000 citizens participating in a real-world...

British Chipmaker Graphcore Withdraws from China Amid US Export Restrictions

British semiconductor company Graphcore, once seen as a potential competitor to Nvidia, is withdrawing from the Chinese market and reducing its workforce in the...

Alibaba’s DingTalk Collaborates with Huawei for HarmonyOS Integration

Alibaba Group Holding is taking a significant step in the tech industry by aligning its workplace collaboration app, DingTalk, with Huawei Technologies' HarmonyOS. This...

Pinduoduo Boosts AI Focus with New Hiring Drive for LLM Experts

Pinduoduo, a leading player in the e-commerce domain operated by PDD Holdings, is making significant strides in the field of artificial intelligence (AI) by...

Alibaba Group Clarifies Jack Ma’s Share Sale Plan, Denies Layoff Rumors

Alibaba Group Holding, a leading e-commerce conglomerate, has recently addressed internal concerns and public rumors regarding significant organizational and ownership changes. In an official...

Tencent’s Leap into Healthcare AI: A Strategic Move Towards Industry Transformation

Tencent Holdings, the renowned Chinese technology conglomerate, is pioneering a new venture in the healthcare sector by integrating artificial intelligence (AI) into various medical...

Broadcom-VMware Merger Approved by China with Conditions: A Major Tech Industry Move

Broadcom's ambitious $61 billion acquisition of VMware, a major software corporation, has recently received the green light from Chinese regulators, clearing the final obstacle...

OpenAI Reinstates Sam Altman as CEO Amid Governance Reforms and Microsoft’s Involvement

In a dramatic turn of events, OpenAI has announced the reinstatement of Sam Altman as its CEO following a near-unanimous outcry from its employees...

US Aims for Quantum Computing Breakthrough by 2028 Amid Tech Rivalry with China

The United States is setting ambitious technological targets to outpace global competitors, particularly China, in the race for technological dominance. A recent report by...

Nvidia Adapts to US Export Controls, Develops New Chips for China Market

US semiconductor leader Nvidia is actively developing new products tailored to the needs of its Chinese customers, responding to the challenge of complying with...

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