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News
Chinese AI Firm Z.ai Raises $5 Billion Amid 73% Stock Plunge From Peak — BigGo Finance
4+ hour, 13+ min ago (274+ words) Z.ai plans to allocate approximately 60% of the net proceeds to R&D for next-generation models and a fully self-trained system. Another 15% will go toward business expansion, with the remainder used for capital structure improvement and working capital. This latest fundraising…...
KOSPI Plunges 3% as AI Slowdown Calls Collide with Middle East Turmoil; Samsung Electronics, SK Hynix Slide in Tandem — BigGo Finance
4+ hour, 43+ min ago (579+ words) According to the Korea Exchange, as of 9:34 a.m., the KOSPI stood at 6,707.13, down 202.78 points (2.93%) from the previous session. The index opened at 6,692.61, then slid to an intraday low of 6,669.34 — a 3.48% drop — before recovering slightly. The KOSDAQ index also fell 1.80% to 805.84, briefly surrendering…...
Free Release of AI Technology Accelerates, Corporate "Playing Field" Strategy and Japan's Challenges — BigGo Finance
3+ hour, 29+ min ago (620+ words) At first glance, free release appears to be an act of giving away proprietary technology. But an official at the "Agentic AI Foundation," a nonprofit aiming to standardize AI agent technology, points out that there is a shrewd corporate strategy…...
Oracle Chairman Larry Ellison Abruptly Withdraws $7.5 Billion Stock Sale Plan — BigGo Finance
12+ hour, 43+ min ago (1003+ words) Larry Ellison has scrapped a trading arrangement that would have allowed him to unload as much as $7.5 billion worth of Oracle Corp.(NYSE:ORCL) shares, a dramatic about-face that came just one day after the plan surfaced in a regulatory…...
Anthropic Picks Nasdaq for Blockbuster IPO as AI Safety Debate Intensifies — BigGo Finance
5+ hour, 36+ min ago (307+ words) Anthropic has chosen Nasdaq as the venue for a potential initial public offering that could rank among the largest in history, according to a person familiar with the plans, handing the exchange another marquee win as artificial intelligence companies navigate…...
Trump and House Speaker Resist Urgent AI Regulation, Citing China Race — BigGo Finance
12+ hour, 43+ min ago (504+ words) President Donald Trump and House Speaker Mike Johnson pushed back Sunday against urgent calls to impose sweeping restrictions on artificial intelligence, arguing that aggressive regulation could surrender America's technological advantage to China just as industry leaders are urging a slowdown…...
The Ukraine War Transformed the Satellite Market... BlackSky Sees 50% Quarterly Revenue Surge and Lands a $1 Billion European Project — BigGo Finance
7+ hour, 25+ min ago (644+ words) BlackSky, a U.S. small-satellite observation company, posted record quarterly revenue of $33.32 million in Q2, up 50.1% year-over-year. Adjusted EBITDA swung to a profit of $4.73 million. Since Russia's invasion of Ukraine, the strategic value of commercial satellite imagery has surged, drawing defense ministries and…...
Jordi Visser: AGI Has Arrived — Oil, Bonds, and the Fed Are Linear Noise, and the Real Trade Is Ethereum — BigGo Finance
11+ hour, 10+ min ago (394+ words) "Think about that, guys. They're at the same price," he said. Normal chip aging should have produced 10 to 50 percent declines by now. "Every depreciation schedule assumes a chip sold only loses value. The market is paying up for it instead....
Nvidia and Alphabet Lead Dow's AI Charge, But One Is Clearly Outpacing the Other — BigGo Finance
21+ hour, 23+ min ago (330+ words) The Dow Jones Industrial Average's June decision to replace Verizon with Alphabet signaled a broader shift in how the blue-chip index reflects the modern economy. The 30-stock benchmark, long dominated by industrial and consumer stalwarts, now counts four of the…...
Obama Warns AI "Could Be Dangerous" Without Proper Management, Urges Democrats to Craft Policy Agenda — BigGo Finance
18+ hour, 16+ min ago (738+ words) Former U.S. President Barack Obama warned that artificial intelligence "could be dangerous" if not properly managed, urging the Democratic Party to develop an AI policy and governance agenda. According to a New York Times report on the 13th, Obama made the remarks…...