Mergers and acquisitions
MiniMax surges in Hong Kong debut, marking yet another Chinese AI listing
The logo for MiniMax Group Inc. on a smartphone in Shanghai, China. Bloomberg | Bloomberg | Getty Images China-based AI startup MiniMax Group surged as much as 90% on its first day of trading in Hong Kong on Friday, becoming the second major Chinese developer of large language models to go public. The company raised HK$4.8 […]
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The first of China’s ‘AI tigers’ goes public as Zhipu climbs in Hong Kong debut
The Zhipu AI logo is seen displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images Shares of Knowledge Atlas Technology JSC, better known as Zhipu, edged higher on their Hong Kong debut, following a $558 million initial public offering that made it the first of China’s “AI tigers” to go public. The […]
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Trump orders Chinese-controlled firm to unwind chip asset deal, citing national security risks
File: President Donald Trump looks on after signing an executive order in the Oval Office of the White House on April 9, 2025. Saul Loeb | Afp | Getty Images A company controlled by a Chinese national was ordered by U.S. President Donald Trump on Friday to unwind a $2.9 million acquisition of chip assets […]
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Meta acquires intelligent agent firm Manus, capping year of aggressive AI moves
The logo of Meta is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, on June 11, 2025. Gonzalo Fuentes | Reuters Meta Platforms said Tuesday that it has acquired Manus, a Singapore-based developer of general-purpose AI agents, as the tech giant continues its […]
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Roomba’s bankruptcy may wreck a lot more than one robot vacuum maker
Medianews Group/boston Herald Via Getty Images | Medianews Group | Getty Images Los Angeles resident Ruth Horne, 76, enticed by a bargain, bought what she thought was a Roomba to vacuum her house, but the experience ended in frustration. “It kept getting stuck somewhere and would then just go around in circles,” Horne said. She […]
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Startup backed by Altman, JPMorgan announces capital lending partnership with Amazon
Slope, a lending startup that uses artificial intelligence to vet businesses, is partnering with Amazon starting Tuesday to provide a reusable line of credit to Amazon sellers, backed by a JPMorgan Chase credit facility, the company told CNBC exclusively. The new relationship means eligible U.S. Amazon vendors can apply for and access capital directly through […]
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SpaceX insider share sale sets $800 billion valuation amid possible IPO, Reuters reports
A SpaceX Falcon 9 rocket is prepared for launch carrying NASA’s IMAP mission, which will study the boundary of the Sun’s heliosphere and other scientific payloads, at the Kennedy Space Center in Cape Canaveral, Florida, U.S., Sept. 23, 2025. Joe Skipper | Reuters SpaceX is preparing to go public next year and has opened a […]
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Nvidia supplier SK Hynix eyes U.S. listing as it expands on the AI boom
Illustration of the SK Hynix company logo seen displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images South Korea’s SK Hynix on Wednesday confirmed that it is weighing a U.S. listing as the memory chipmaker’s valuation soars on global demand for artificial intelligence hardware. The company at the center of the AI […]
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Ford to use Renault tech, plants to battle cheap Chinese EVs in Europe
CEO of Ford Jim Farley and CEO of Renault Group Francois Provost react during a press conference as Renault Group and Ford announce the formation of a strategic partnership for passenger and commercial vehicles, in Paris, France, Dec. 8, 2025. Tom Nicholson | Reuters Renault will jointly develop small, cheaper electric vehicles for Ford for […]
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EU Commission clears Mars’ $36 billion Kellanova deal
Packages of Pringles potato-based chips manufactured by Kellanova are displayed for sale at a warehouse grocery store in Hawthorne, California on Dec. 2, 2025. Patrick T. Fallon | AFP | Getty Images The European Commission has approved Mars’ $36 billion bid to acquire Pringles maker Kellanova, it said on Monday, after opening a full-scale investigation […]
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