Technology
DeepSeek wants $74 bn cash before onshore IPO
Chinese AI startup DeepSeek is preparing to initiate a new fundraising round, targeting a valuation of approximately 500 billion yuan ahead of a possible initial public offering on the mainland, according to sources. The plan emerges shortly after the Hangzhou-based
The Trump administration is contemplating the establishment of an independent regulator tasked with evaluating the safety of artificial intelligence models, incorporating insights from industry stakeholders. This consideration follows grievances from Silicon Valley executives regarding the haphazard approach of recent US
Meta has retracted Muse Image, an artificial intelligence feature that enabled users to create images utilising public Instagram accounts, merely days following its launch. The company retracted the feature following backlash from creators, privacy advocates, actors’ groups, and users, who
OpenAI has requested a judicial determination that the lawsuit initiated by xAI Corp., which alleges trade secret theft against the ChatGPT developer, “should never have been filed.” The company is also seeking to recover over $1 million in legal costs
Apple has initiated legal proceedings against OpenAI in a federal court in California, alleging that the artificial intelligence firm has engaged in a systematic effort to acquire proprietary information from Apple as it develops its own consumer hardware enterprise. The
Meta announced on Friday the cessation of an AI feature introduced earlier this week, which enabled users to create images utilising public Instagram accounts. This decision follows extensive criticism regarding privacy issues, notably from a Hollywood union. “Our intent was
Japanese moon transport company ispace announced on Wednesday its plans to initiate a new, lower-cost lunar cargo business utilising the Starship heavy rocket and lunar capabilities. Lander developed by Elon Musk’s SpaceX. Tokyo-based ispace has acquired 500 kilograms of capacity
Samsung Electronics on Tuesday reported a 19-fold increase in second-quarter operating profit compared to the same period last year, exceeding its total earnings from the previous three years. However, its shares declined as the results did not alleviate worries regarding
ByteDance Ltd. and Alibaba Group Holding Ltd. are discontinuing features that allowed users to create and interact with AI companions, in anticipation of forthcoming Chinese regulations concerning human engagement with artificial intelligence. ByteDance’s Doubao, China’s most popular AI chatbot, will
Sony Group Corp. is set to cease the production of physical discs for its PlayStation video-game consoles beginning in January 2028. This strategic shift signifies a complete transition to a digital model, necessitating that consumers download titles from the company’s