Meituan Hedges Get Costly as Price Wars Make Investors Cautious
Meituan’s stock price jump on Wednesday came with a rise in protection costs, highlighting investor unease ahead of earnings that may show a big hit from stiff price competition.
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China’s CXMT Rides AI Boom to Record Revenue Ahead of IPO
ChangXin Memory Technologies Inc. more than doubled revenue to $8 billion in 2025, giving the strategically important Chinese chipmaker a major boost ahead of one of this year’s biggest domestic IPOs.
OpenAI backs AI "bot army" startup Isara ($94M, $650M valuation)
Gold, a 'safe haven' in uncertain times: Why is it crashing amid a war?
Disney cancels $1B OpenAI partnership amid Sora shutdown plans
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OpenAI Shuts Down Sora, Refocuses on Code AGI and Model Spud
OpenAI **discontinues Sora and all video generation products** to redeploy compute resources toward competing with Anthropic in enterprise coding and knowledge work. CEO Sam Altman **narrows his role to focus on capital, supply chains, and data centers**; Fiji Simo's product division becomes 'AGI Deployment' team. New model 'Spud' completes pre-training with expectations to 'accelerate the economy'; **Disney cancels $1B investment partnership** following Sora shutdown.