China's AI infrastructure race just got a $4 billion valuation benchmark, and it's happening in Hong Kong while Silicon Valley watches capital flow east. Shenzhen Adtek Technology is eyeing a Hong Kong IPO at a $4 billion valuation, joining a surge of Chinese data center and AI-related listings
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Jensen Huang just changed his RSVP to the highest-stakes business dinner of the decade. Nvidia CEO Jensen Huang joined Apple's Tim Cook and Tesla's Elon Musk on Trump's trade summit trip to China, a 36-hour visit with Xi Jinping covering war, tariffs, and Taiwan
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The infrastructure war for AI compute is moving to Malaysia, and private equity smells blood in the water. AirTrunk, owned by Blackstone, is raising a $2.3 billion loan to build data centers in Malaysia, marking one of the largest AI infrastructure bets in Southeast Asia
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Alibaba just proved you can miss your revenue target and still send your stock soaring—if you promise to triple AI sales while everyone else is still figuring out how to charge for it.
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Battery makers don't usually buy data centers unless they see something coming that needs both. CATL-linked investors are buying up to 38% of VNET Group, a Chinese data center operator, for $942 million
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Hollywood's gatekeepers just handed $12 million to the thing that makes their entire cost structure obsolete. TrueShort raised $12 million in seed funding led by Keith Rabois at Khosla Ventures, with Jeffrey Katzenberg's WndrCo, A24's Ravi Nandan, and General Catalyst joining the round
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China's AI spending spree just hit the quarterly earnings wall, and investors want their money back. Alibaba and Tencent both missed revenue estimates despite ramping up AI infrastructure spending over the past year
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China's gaming and advertising giant just proved that spending billions on AI infrastructure doesn't automatically translate to revenue growth. Tencent posted its slowest revenue growth in six quarters, missing analyst estimates despite heavy AI investment
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The world's most powerful chip maker just became a diplomat—and that tells you everything about who holds leverage in the AI arms race. Nvidia CEO Jensen Huang joined Trump on Air Force One to Beijing as a last-minute addition, putting AI front and center at the Trump-Xi summit
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When the president brings a chipmaker CEO on a 36-hour diplomatic sprint, you're not negotiating tariffs—you're negotiating the future of compute.
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The chip company nobody talks about just became impossible to ignore, and Nvidia's data center monopoly might have finally met its match.
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When nation-states start printing money to win the AI race, the hardest money on earth becomes the obvious escape hatch. Arthur Hayes predicts Bitcoin could surge past $126K as governments flood markets with liquidity to fund AI infrastructure and compete for technological supremacy
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While regulators debate whether tokenized securities are legal, traders are already moving $130M through them. xStocks has crossed $100M market cap on Ethereum with 1,000% YTD growth, plus $30M in commodities-linked assets on BNB Chain.
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The company that made OpenAI sweat is about to raise money at a number that would have seemed delusional six months ago. DeepSeek is reportedly raising its first investment round at a $45 billion valuation, more than double the $20 billion figure floated just weeks ago
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The world's oldest safe haven just had a $12 billion panic attack, then immediately remembered why it's a safe haven. Global gold ETFs pulled in $6.6 billion in April, completely reversing March's record $12 billion outflow, the largest monthly drain ever recorded.
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While the AI world's been busy building cloud empires, someone just turned every Mac into a frontier-class inference machine that beats Ollama by 4x.
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While everyone's watching Bitcoin ETFs, China-linked tokenized stocks just quietly went parabolic on an exchange most institutions pretend doesn't exist.
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The people who wanted to replace God with GPUs are now asking rabbis and imams for product feedback. OpenAI and Anthropic joined religious leaders at the first "Faith-AI Covenant" roundtable in New York, organized by the Geneva-based Interfaith Alliance for Safer Communities
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China's search giant is betting the public markets will pay a premium for picks-and-shovels plays in the AI arms race. Baidu's chip unit Kunlunxin is planning dual IPOs on Shanghai's STAR Market and in Hong Kong
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The data center fundraising cycle used to move on quarterly earnings calls — now it moves at the speed of insomnia. Principal Financial is raising $3 billion across two funds targeting US and European data centers, signaling institutional capital is chasing AI infrastructure at scale
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