markets
Unitree lists in Shanghai as the rare profitable humanoid robot maker News
Unitree Robotics shares begin trading on Shanghai's STAR Market on August 19 under ticker 688836, and its filing shows 1.70 billion yuan of 2025 revenue and 278 million yuan of net profit against comparable listed robot companies that the prospectus says are all loss-making.
An AGI-thesis fund fell 67 percent and took a market maker with it News
Situational Awareness, the investment firm founded by Leopold Aschenbrenner around an artificial general intelligence thesis, dropped 67 percent in July and sold most of its stock portfolio to meet margin calls, with the Financial Times reporting a roughly 15 billion dollar hit at Jane Street connected to the episode.
Masayoshi Son Says the AI Economy Will Need $5 Trillion a Year by 2040 News
SoftBank's Masayoshi Son told his SoftBank World keynote that by 2040 AI will absorb about 20 percent of global GDP and require roughly $5 trillion a year in infrastructure investment, calling anyone who thinks AI is a bubble foolish.
Kimi K3, a Frontier Chinese Model, Triggers a Global Chip Selloff News
Moonshot AI's Kimi K3 took the top spot on a frontend-coding leaderboard and helped push AI and semiconductor stocks down for a third straight day, with traders calling it a 'Kimi moment.'
SK Hynix's Nasdaq listing raises $26.5 billion, the largest first-time US listing by a foreign company ever News
SK Hynix raised $26.5 billion in a Nasdaq listing that topped Alibaba's record for the largest US IPO ever by a foreign company, priced on the strength of its dominance in the high-bandwidth memory that AI accelerators depend on.
Analysts warn Nvidia's AI boom is being propped up by a circular financing loop with the 'neoclouds' News
An IO Fund analysis details how Nvidia invests billions into GPU-rental 'neoclouds' like CoreWeave that then use that capital to buy Nvidia chips -- a self-reinforcing loop that includes a $6.3 billion Nvidia backstop obligating it to buy CoreWeave's unsold GPU capacity through 2032.