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Abu Dhabi launches low-cost AI reasoning model in challenge to OpenAI, DeepSeek
The UAE has sought to position itself as a global leader in AI in a bid to diversify its economy beyond crude oil dependency.
Chinese auto giant GAC targets 17-fold boost to European sales by 2027
GAC showed off its Aion V and Aion UT fully electric cars at the IAA Mobility show in Munich, Germany.
China’s Unitree plans $7 billion IPO valuation, Reuters reports, as humanoid robot race heats up
Unitree's listing plans could make it one of the earliest companies specializing in humanoid robots to go public.
AI firm Mistral valued at $14 billion as chip giant ASML takes major stake
ASML pumped 1.3 billion euros in Mistral AI's 1.7 billion-euro funding round as lead investor, gaining a 11% shareholding in the French company.
Ex-Meta employee files whistleblower suit for alleged security flaws at WhatsApp
A former Meta employee sued the company over allegations that its WhatsApp service contained cybersecurity failures that could compromise user privacy.
Nvidia's Huang joining Trump on UK state visit next week
OpenAI's Sam Altman, Blackstone CEO Steven Schwartzman, and BlackRock CEO Larry Fink will also be attending, according to Sky News.
Dan Ives to become chair of company that will buy Sam Altman-backed Worldcoin for its treasury
Wedbush Securities' Ives will help lead Eightco Holdings' treasury strategy around Worldcoin, which he says will change the game for identity verification.
StubHub IPO: Ticket reseller aims to raise up to $9.2 billion, pricing at $22 to $25 per share
The IPO market has bounced back, with debuts from Peter Thiel-backed cryptocurrency exchange Bullish, design software company Figma and crypto firm Circle.
Chinese EV maker Xpeng eyes global launch of mass-market Mona brand in 2026
Xpeng plans to launch its mass-market Mona brand outside of China, CEO He Xiaopeng told CNBC.
Klarna's IPO will test if it's more than just a one-trick 'buy now, pay later' pony
Klarna has been attempting to convince the market that it's more of a digital retail bank than a simple buy now, pay later firm.
AppLovin and Robinhood added to S&P 500
The S&P 500 already has a heavy concentration of large technology companies. Datadog and DoorDash entered earlier this year.
FTC commissioner questions status of Snap AI chatbot complaint: 'People deserve answers'
President Trump attempted to remove Slaughter from her FTC position, but a U.S. appeals court allowed her to maintain her role.
Trump threatens trade probe after 'discriminatory' EU fines against Google, Apple
Google CEO Sundar Pichai thanked Trump at a White House dinner after a U.S. judge issued a favorable ruling in the landmark antitrust case against Alphabet.
Roblox announces short-video, AI features amid child safety concerns
Roblox on Friday announced new short-video and AI features that come amid increasing lawmaker scrutiny into how the company protects children on its platform.
Broadcom stock jumps 11% on new $10 billion customer that analysts say is OpenAI
Broadcom said on its earnings call that it secured $10 billion in orders for its custom AI chips from a fourth customer.
Google hit with $3.45 billion antitrust EU fine amid U.S. trade tensions
The European Commission accused Google of distorting competition in the adtech market by unfairly favoring its own display advertising technology services.
Tesla's nearly $1 trillion new pay plan for Musk would expand his voting power
Tesla will also ask shareholders to vote on whether the automaker should invest in Musk's artificial intelligence company, xAI.
‘I’m glad it’s over.’ Google CEO thanks Trump for antitrust 'resolution'
President Donald Trump congratulated Google CEO Sundar Pichai on “big day” following antitrust ruling.
Trump warns ‘fairly substantial’ chip tariffs are coming; signals Apple, others will be safe
Trump has reiterated a warning that he will soon impose "fairly substantial" tariffs on semiconductor imports, but spare firms like Apple investing in the U.S.
OpenAI is going big in India — here's everything the ChatGPT developer is up to
OpenAI is looking to expand its infrastructure and hiring in India after CEO Sam Altman visited the country this year.
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