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Baidu Misses Quarterly Estimates as Ad Revenue Falls 19%, Shares Slide

Baidu reported weaker-than-expected quarterly revenue and earnings as advertising sales fell 19%, sending shares lower amid its costly pivot to AI and Erni

Alibaba Sells Gaming Arm Lingxi to Trustar Capital in $2 Billion Deal

Alibaba has agreed to sell gaming arm Lingxi Games to Trustar Capital in a deal reportedly worth over $2 billion as it prioritizes AI and e-commerce.

Meta Releases Open-Source Muse Glimmer Model as Zuckerberg Warns of AI Concentration

Meta released its open-source Muse Glimmer AI model as CEO Mark Zuckerberg warned against concentrating advanced AI under a few companies or governments.

Nvidia Signs $500 Billion Wall Street Deal to Fund AI Infrastructure

Nvidia has partnered with six Wall Street firms including Apollo, BlackRock, Goldman Sachs and KKR to raise over $500 billion for AI infrastructure.

Potential Workday Deal Sets Floor Under Battered Software Stocks

A potential Workday acquisition has lifted software stocks, with analysts saying it sets a valuation floor after this year's AI-driven selloff.

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.

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.

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.

Lenovo Profit Beats Estimates as AI Servers Drive 43% Revenue Jump

Lenovo Group posted a 43% surge in quarterly revenue and stronger-than-expected profit, driven by booming demand for AI computers, servers and services.

Google Reshuffles AI Leadership to Accelerate Gemini Development and Product Race

Google has overhauled its AI leadership, consolidating research and product teams to accelerate Gemini development and compete more aggressively in the sec

SpaceX Shares Soar 11% as Wall Street Backs Musk’s AI Push

SpaceX shares jumped 11% as Wall Street bet on Elon Musk's push into 'real-world' AI, tying the rocket maker's valuation to its xAI and Grok ambitions.

Most Japanese Firms Have Yet to Fully Adopt AI, Reuters Poll Finds

A Reuters survey finds most Japanese companies have yet to fully embrace AI, with risk aversion, legacy systems and talent shortages slowing adoption.

Tencent Beats Revenue Estimates on Games and AI Ads Despite 26% Stock Slide

Tencent topped revenue expectations on gaming and AI-driven advertising, even as shares fell 26% amid rising AI spending and fierce competition in China.

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