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Xiaomi takes on Tesla: Xiaomi is launching a $35,000 sport utility vehicle, the YU7, to compete with Tesla’s popular Model Y. The company’s shares jumped on Friday after a strong number of early orders. Cloud rivalry: Google’s cloud unit recruited a former Oracle cloud executive as its chief financial officer. Kobi Bar-Nathan recently joined the Alphabet unit that is run by former Oracle cloud chief Thomas Kurian. Meta’s AI push: Meta continues to seek more talent for its expanding push into artificial intelligence. The owner of Facebook and Instagram is said to be in advanced talks to acquire PlayAI, a small startup using AI to replicate voices. | |
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Core Scientific shares rose 33% on Thursday following a report that CoreWeave is in discussions to acquire the operator of data centers. This marks the company’s biggest single-day gain since June 2024. Its market value now stands at about $4.87 billion. | |
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China’s venture capital investors are preparing an increase in financing as they look for the next AI startup to break through after the surprising debut of DeepSeek. Annabelle Droulers interviewed a number of managing partners on the subject, and while they don’t expect anything as shocking as DeepSeek on the near horizon, they see opportunity for new companies growing in the sector. | |
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