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China AI ETF (AICH) launches with Z.AI and MiniMax. Four unnamed swaps carry 23% of its disclosed weights.
EMXETF's China AI ETF started trading Wednesday. Its first holdings file lists Hygon, Zhongji Innolight, Z.AI and MiniMax, plus four swap entries worth 23% of the weights shown that the file does not identify. The prospectus charges 0.86% and warns the fund may be unable to buy A-shares.
A Korean venture firm bought Anthropic at an $18 billion valuation and SpaceX before its IPO
The Korean firm's venture arm paid about $10 million for Anthropic secondary shares in 2024 and the same for SpaceX in 2025. What the valuation multiple does and does not tell you.
IBM (IBM) unit finalizes $1 billion quantum foundry award. Government equity terms remain undisclosed.
Anderon, the IBM company running a quantum wafer foundry in Albany, has signed its final $1 billion award with the Commerce Department. It was the largest of nine proposed in May. Commerce made minority equity stakes a condition of the funding. Anderon's release does not spell out its terms.
SK Hynix (SKHY) is discussing US memory-chip production with Intel (INTC). Leasing its Ohio site is one option.
Reuters reports SK Hynix may lease part of Intel's Ohio plant or form a cloud-backed venture there. Two months ago it denied a report that it wanted to buy the site.
Microsoft's $678 billion and Amazon's $496 billion: why AI backlog figures aren't directly comparable
Five companies report their contract books three different ways, and the labels are not interchangeable. What RPO, revenue backlog and performance obligations each mean.
Taiwan's chip industry has more than two openings per job seeker. The AI buildout needs people.
Taiwan's chip industry has more than two open jobs for every person looking for one. ASE needs at least 3,000 people this year, and one materials maker is calling old university classmates to staff a single new plant. Texas Instruments, GlobalFoundries, and ASE describe the same shortage.
Korean students are lining up for Samsung and SK Hynix programs as applications to top medical schools fall
Seven large companies run 13 university departments whose graduates are hired by the sponsor, and they drew a record 8,994 applications this year. Semiconductor departments rose 19.4 percent while battery departments fell 36.2 percent.
Nvidia (NVDA) CEO Jensen Huang calls new antitrust laws for an AI slowdown "completely unnecessary"
Jensen Huang told Jim Cramer that new antitrust laws for an AI slowdown are "completely unnecessary." Altman, Musk, and Nadella endorsed pacing. Huang's disagreement is narrower: he says each company should decide for itself when a product is not ready.
Anthropic's CEO asked the industry to slow down. The company's reported $100 billion IPO remains on an October schedule
Dario Amodei published a call to slow the AI race on September 12. Within 48 hours Reuters reported Anthropic had picked Nasdaq, Nvidia was weighing a $10 billion anchor order, and the company told shareholders it would post a second straight adjusted operating profit. Sam Altman cited the same safety moment as his reason not to list.
The circular AI trade, mapped: Nvidia (NVDA) hardware is named in only one of Anthropic's four money loops
The circular trade everyone describes runs through Microsoft: up to $15 billion in, $30 billion of Azure out, Nvidia hardware named. Anthropic's three larger loops run on Trainium, TPUs and AMD, and only Amazon's discloses the money going back.
Odyssey's new AI drives cars, flies drones and plays Grand Theft Auto. Odyssey is optimizing the model for Amazon (AMZN) Trainium.
Odyssey published results for Odyssey-3, a shared world model it says can be adapted to robot arms, humanoids, cars, drones and video games with a small layer of task-specific control data. There is no stock to buy, but Amazon and AMD are on the cap table and Odyssey is optimizing the model for AWS Trainium.
Stanley Druckenmiller held 12.7% of Nevada tungsten developer Guardian Metal (GMTL) as of March 31
The filing is new to EDGAR, the stake is not. Duquesne bought 24,699,825 shares of the Nevada tungsten developer at 55p in August 2025, and the Schedule 13G filed Monday reports the same count still held as of March 31.
Rocket Lab (RKLB) sells $1.94 billion of stock for the Iridium (IRDM) deal and cancels an unused $3.6 billion loan
Rocket Lab completed a $1.944 billion share sale and canceled its $3.6 billion bridge commitment, fully funding the Iridium acquisition days before the shareholder vote. With RKLB under $67.50, the merger formula sits at its floor.
TSMC (TSM) co-COO calls AI a "three-year-old superman." The company is cautious with what it lets AI see.
Y.J. Mii, co-chief operating officer of the world's largest chipmaker, told students in Taipei that AI is powerful but does not know right from wrong. He also said TSMC is more cautious with AI tools on sensitive R&D data, for fear of leaks.
SoftBank's SB Energy will sell $500 million of stock to Japanese investors before its US IPO
SB Energy will sell up to $500 million of new shares to Japanese investors as part of a US listing that may value it at $50 billion. Nvidia has committed $3 billion, OpenAI holds warrants worth $5.5 billion, and no data center capacity is operating yet.
Hyundai Motor (005380) has lost half its value since June. A Boston Dynamics listing now looks years away.
A Hyundai Motor Group executive told Reuters that taking Boston Dynamics public in 2027 will not be easy. The robot maker lost nearly 1.7 trillion won over the past five years, and Hyundai shares have halved since June 1.
Samsung is funding Euclyd, an Nvidia (NVDA) challenger that skips the memory Samsung sells
Samsung co-led a $230 million round for Euclyd, a two-year-old Dutch startup building an AI inference chip that replaces HBM with its own memory design. Former ASML chief Peter Wennink is chairman, and nothing ships until 2028.
Palantir (PLTR), Nvidia and Booz Allen are curbing Anthropic model use over data and IP fears
Three large companies have restricted Anthropic's models or told the company they will, over concerns a provider could retain customer data and IP, The Information reported. Anthropic announced a response two weeks earlier that is still rolling out.
Fujitsu (FJTSY) opens MONAKA server sales in November as global CPU rollout follows
Fujitsu opens sales of its MONAKA servers in Japan and Europe in November 2026, with shipments starting April 2027. The standalone processor is planned for cloud and data center operators in the quarter ending March 2027.
DeepSeek plans first CFO hire as CITIC prepares possible Shanghai listing
Reuters reports DeepSeek plans to hire GL Ventures partner Yan Wentao as its first finance chief. CITIC Securities is already preparing a possible STAR Market listing, and the reason is less about money than about paying engineers enough to keep them.
What is AI distillation? Why the NSA, CISA and FBI now treat it as a security threat.
Distillation means training one AI model on another model's outputs. It is a standard technique from a 2015 Google paper, and it is also what the NSA, CISA and FBI accused six Chinese companies of running at industrial scale. Here is the difference.
Do members of Congress trade industries their committees oversee? Yes, in 15.4% of tracked trades.
Of 1,186 disclosed congressional trades where both the company sector and the member's committee seats are known, 183 fell inside a sector that member helps write law over. A dated snapshot of the overlap rate, the caveats, and how it is calculated.
Leopold Aschenbrenner's fund raised about $2.6 billion more since March. The investor count went from 93 to 135.
An amended Form D filed Monday shows Leopold Aschenbrenner's fund has sold $4.35 billion of partnership stakes since 2024, up from $1.76 billion in March, with the investor count rising from 93 to 135.
Europe backs its own space cargo capsule as SpaceX (SPCX) and Blue Origin skip Paris summit
The European Space Agency signed a 760 million euro cargo-capsule contract with a startup founded in 2021, and two European space companies raised $796 million in the same week. SpaceX and Blue Origin were not at the summit where the deal was signed.