Tech
Europe signs €387.8 million contract for LUMI-AI supercomputer
Bull will deploy the AMD-based system in Finland for access in 2027, with funding split equally between EuroHPC JU and the six-country consortium.
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Kioxia and Sandisk plan more than $31 billion for Japan memory production
The partners target Yokkaichi and Kitakami through 2032, but the investment plan is contingent on government support and lacks a capacity breakdown.
Tech
Nvidia earnings, inflation and retail results set the week’s market agenda
Nvidia reports Wednesday alongside key software names, July PCE inflation and a broad retail earnings slate, with bond-market stress still in focus.
Tech
Alibaba launches HK$80 billion share placement to finance AI expansion
The $10.2 billion sale of 710 million shares would fund full-stack AI capabilities and become Hong Kong’s largest primary follow-on offering.
Tech
Apple builds a China-specific AI model with Alibaba support
The proprietary model adds a new layer to Apple’s planned Chinese AI stack, where Qwen integration and Baidu technology are also expected, but the companies have not explained how responsibilities will be divided.
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Natixis helps arrange USD 510 million financing for CIP solar-and-storage project in Mexico
Natixis CIB is acting as joint bookrunner, joint lead arranger and green loan coordinator on USD 510 million of project financing for CIP’s La Esperanza Solar in the Yucatan Peninsula. The 420 MWdc solar plant will be paired with a 150 MW, five-hour battery system, while key loan and construction terms remain undisclosed.
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DeepSeek seeks nearly USD 8 billion at USD 74 billion valuation after funding pause
DeepSeek has reportedly resumed talks for a second funding round of nearly USD 8 billion at an estimated USD 74 billion valuation, only months after raising USD 7 billion at USD 52 billion. Discussions remain in progress and terms may change; the proposed capital is tied to data-centre and chip requirements as the Chinese AI developer expands paid access to its models.
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JD.com brings AI helmets to couriers as China’s delivery platforms automate the last mile
JD.com’s helmet combines voice control, a camera, route guidance and safety functions. Full-time couriers will receive the first devices free before a broader rollout whose timing and scale remain undisclosed.
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Onyx raises $113 million to build an enterprise control layer for AI agents
Bessemer led the Series B, bringing total funding to $153 million as the two-year-old company expands proprietary models and enterprise sales after reporting fourfold revenue growth since leaving stealth.
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Korea's 10.8% plunge turns AI-chip doubts into a global market shock
The Kospi closed 10.8% lower as Samsung and SK Hynix fell more than 13%, spreading semiconductor losses across Asia and the Nasdaq even while most non-chip U.S. stocks advanced.
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Etched doubles its valuation to $10.3 billion before proving mass-scale AI inference
A $300 million Series C led by Sequoia values Etched at $10.3 billion, backed by $1 billion of booked orders, first client tests and a new 10-megawatt facility—but mass delivery remains the central risk.
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Prentis pitches a $1 billion valuation on performance-linked AI contracts
The young AI laboratory is discussing a $100 million raise at a $1 billion valuation, supported by performance-based contracts and unverified claims of lower task costs.