Nvidia will invest USD 2 billion in AI cloud company Nebius. This adds to the leading chipmaker's expanding list of investments in artificial intelligence firms, and data centre infrastructure.

Chinese electric vehicle (EV) maker Nio has forecast a surge of up to 97% in first-quarter deliveries. This projection underscores a turnaround after the company posted its first-ever quarterly profit. The growth defies a slowdown that has impacted most of its domestic rivals. Credit: UNSPLASH Nio expects to deliver 80,000 to 83,000 vehicles in the first quarter of 2026, marking a year-on-year increase of between 90% and 97%. This growth projection goes against the trend seen

Contemporary Amperex Technology Ltd (CATL) reported a 42% jump in net profit last year to US$10.4 billion, driven by strong battery sales and expansion into new energy storage scenarios. The Chinese battery giant’s global market share for power battery usage reached 39.2% in 2025, solidifying its position as the world’s top manufacturer for the ninth consecutive year.

Shares of online travel agencies surged following reports that OpenAI is scaling back plans to integrate direct bookings into ChatGPT. This development eases investor fears that artificial intelligence chatbots could eventually bypass travel intermediaries.

Nvidia Chief Executive Officer Jensen Huang indicated the company’s recent investments in OpenAI and Anthropic might be its final ones, as both artificial intelligence organisations prepare for potential public offerings this year.

X, the social media platform, and artificial intelligence startup xAI plan to fully repay approximately USD 17.5 billion in company debt. Morgan Stanley, which manages the debt for both organisations, has been informing existing lenders of this plan. Credit: xAI This repayment includes xAI's USD 3 billion of high-yield bonds, which are set to be redeemed at approximately USD 1.17 on the dollar. This premium reflects the expectation that the debt would have remained outstandin

The global smartphone market is projected to experience its largest decline on record in 2026, sinking to a more than decade low in shipments, as surging memory chip prices drive up device costs, the International Data Corporation (IDC) said on Thursday.

US private equity firm General Atlantic is selling an equity stake in TikTok owner ByteDance, valuing the Chinese company at USD 550 billion, Reuters reported. The pending deal, which would set a new valuation record for ByteDance, was cited by two unnamed sources. Credit: BYTEDANCE This pending transaction confirms a previous report by the South China Morning Post, which stated ByteDance’s private market valuation had surged to USD 500 billion. That figure was an increase fr

Advanced Micro Devices, Inc., known as AMD, has agreed to a significant deal to supply artificial intelligence chips to Meta Platforms, Inc. The agreement is valued at up to USD 60 billion over five years. This pact allows Meta to purchase as much as 10% of the chip organisation.

OpenAI is strengthening its enterprise market presence through new partnerships with four leading consulting firms. This initiative aims to help corporate clients move beyond initial pilot projects to full-scale artificial intelligence deployments.

Nvidia is close to finalising a USD 30 billion investment in OpenAI. This new deal would replace a long-term USD 100 billion commitment agreed upon by the companies last year. Credit: UNSPLASH The investment would form part of a new funding round for the artificial intelligence start-up. The agreement could be finalised as early as this weekend. OpenAI, maker of ChatGPT, is aiming to raise up to USD 100 billion in its current funding round. This round would value the organisa

Chinese start-up Moonshot AI has added at least USD 700 million to its funding, aiming for a valuation of up to USD 12 billion. The company is known for its powerful Kimi artificial intelligence models.

Global electric vehicle registrations decreased 3% in January, according to data from consultancy Benchmark Mineral Intelligence. This decline was attributed to a new purchase tax and reduced electric vehicle subsidies in China, alongside policy adjustments in the United States.

Alphabet sold a rare 100-year bond as part of a USD 31.51 billion global bond raise. The financing will support artificial intelligence-driven spending, which has spurred significant borrowing among U.S. technology companies.

Reddit forecasts first-quarter revenue above analysts' estimates, driven by artificial intelligence-powered enhancements to its ad platform attracting more marketers. The company's shares rose 4% after-hours following Reddit's announcement of its inaugural share repurchase plan, valued at up to USD 1 billion.

Amazon projects an increase of more than 50% in capital expenditures this year, joining other major technology companies in a spending drive to build artificial-intelligence infrastructure. The forecast sent its shares down 9% in after-hours trading.

Taiwan Semiconductor Manufacturing Company, TSMC, intends to mass-produce advanced 3-nanometre chips in Kumamoto, southern Japan. This strategic initiative involves an investment totalling USD 17 billion.

Mainland memory chip and storage solution suppliers are pursuing share listings in Hong Kong, signalling a strategic shift to fuel their global ambitions, according to analysts. Shanghai-based Montage Technology is a prominent example, poised for its Hong Kong stock exchange debut on Monday. Credit: UNSPLASH Montage Technology, a designer of high-speed interconnect chips for data centres, is currently taking orders from institutional investors. The company is set to debut on

NXP Semiconductors projects first-quarter revenue above analysts' estimates, anticipating a robust automotive market and consistent industrial demand. This outlook suggests a potential bottom for the industrial market.

Hong Kong's initial public offering (IPO) market experienced a robust start to 2026, with listing applications tripling year on year and proceeds reaching their second highest level on record for Jan. This surge positions Hong Kong back in the global IPO spotlight.

Perplexity, an AI startup, has secured a $750 million agreement with Microsoft to utilise its Azure cloud service. This three-year deal allows Nvidia-backed Perplexity to run various AI models through Microsoft's Foundry program.

Amazon is in discussions to invest up to USD 50 billion in OpenAI, the creator of ChatGPT. These early-stage talks could position Amazon as the largest contributor to the artificial intelligence company’s current fundraising initiative.

Samsung Electronics reported a record operating profit for its fourth quarter, totaling USD 13.98 billion. This significant increase underscores the world's top memory chipmaker's strong pricing power.

Tesla announced a USD 2 billion investment in Chief Executive Officer Elon Musk’s artificial-intelligence organisation xAI. The company also reiterated that its Cybercab robotaxi production plans are on track for this year. This investment supports Musk's strategy to transition Tesla from an electric vehicle manufacturer to an AI organisation.