Bloomberg Tech
AI news source. Articles are auto-selected and adapted by Hamidun News editors.
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AI chip startup SambaNova Systems raises $1 billion at an $11 billion valuation
AI chipmaker SambaNova Systems has closed a $1 billion funding round at an $11 billion valuation as investors bet on long-term growth in demand for specialized AI infrastructure.
Tencent develops AI agent Xiaowei for WeChat's billion users
Tencent is building a prototype of the AI agent Xiaowei, which is expected to autonomously handle everyday tasks for users in WeChat's ecosystem of millions of apps.
Chinese chipmaker Iluvatar CoreX plans to raise $800 million in Hong Kong
The Shanghai-based AI chipmaker is considering a follow-on offering in Hong Kong of no less than $800 million — its shares have risen 428% since its IPO in January 2026.
Meta released an AI image generation model for its chatbot and Instagram
Meta unveiled its first AI image generation model in a year—the result of a multibillion-dollar restructuring of the lab under new AI chief Alexander Wang. *Meta is recognized as an extremist organization and banned in
Chinese chipmaker Iluvatar CoreX to raise $850M in Hong Kong after stock surge
Shanghai-based AI chip manufacturer Iluvatar CoreX plans to raise approximately $850M through a secondary stock offering in Hong Kong — share prices have surged significantly since its IPO in January 2026.
Amazon issues $25 billion in bonds to finance AI infrastructure
Amazon is raising at least $25 billion through a dollar-denominated bond issue — another major step in financing artificial intelligence infrastructure.
Samsung disappoints market, Amazon raises $25 billion for AI infrastructure
A sell-off of AI chipmaker stocks gripped global markets on July 7, 2026: Samsung's record profit failed to satisfy investors, while Amazon attracts $25 billion in bonds for AI.
Anthropic signed a 20-year lease agreement with TeraWulf to build an AI campus in Kentucky
Anthropic and TeraWulf entered a 20-year agreement to build a dedicated computing campus in Kentucky — TeraWulf's CEO called the deal a strong sign of confidence in the company's strategy.
DeepSeek develops its own AI chip for its neural networks — Reuters
Chinese startup DeepSeek is designing proprietary semiconductor chips for AI systems — a strategic response to U.S. sanctions against Nvidia accelerators.
Samsung disappoints AI expectations — chipmaker stocks slide worldwide
Samsung Electronics disappointed investors with quarterly results that failed to meet inflated AI expectations, triggering a fresh wave of weakness in tech stocks and pressure on chipmakers globally.
Amazon raises at least $25 billion for AI infrastructure through bond issuance
Amazon plans to place US dollar bonds totaling at least $25 billion — a major step to finance investments in AI infrastructure to compete in the cloud market.
Chip Maker Stocks Fall Amid Concerns Over AI Investment ROI
On July 7, 2026, a semiconductor sector selloff dragged down the U.S. market as investors grew skeptical that massive AI investments would justify chip makers' inflated valuations.
Samsung increases profit 19-fold on surge of frenzied AI memory demand
Samsung Electronics' quarterly profit surged 19-fold and exceeded already inflated analyst forecasts — the manufacturer is reaping the fruits of explosive demand from AI data centers.
AI startup Norm AI raised $120M and reached $1.2B valuation for legal services automation
AI startup Norm AI closed a round at $120M with a $1.2B valuation—the company automates legal services and seeks to change the outdated hourly billing model in the legal industry.
AI Stocks Recover After Sharp Selloff: Investors Snap Up Chipmakers on the Dip
The American market rose on July 6, 2026 — investors capitalized on one of the largest AI sector pullbacks in over two years and snapped up depreciated technology stocks.
South Korea to Direct Chip Boom Taxes into State Development Fund
Seoul plans to create an investment fund, financed from semiconductor industry tax revenues, to fund the country's long-term economic growth.
Chipmaker Stocks Fall Amid Doubts About AI Spending Sustainability
Investors doubt the sustainability of AI infrastructure spending after 2026, weighing on chipmaker valuations. SK Hynix, meanwhile, is preparing to list on US exchanges via ADR.
UK Foreign Secretary Cooper: AI — the Greatest Security Challenge of the Last Decade
Britain's Foreign Secretary has called on the international community to urgently develop mechanisms to contain AI threats, calling them the greatest security challenge of the decade.
Csquare Data Center Company from Brookfield Portfolio Preparing for $1.35B IPO
Data center company Csquare Inc., a portfolio asset of Brookfield Corp., plans to raise up to $1.35 billion in an initial public offering on a U.S. exchange.
Memory chip maker SK Hynix launches $28 billion US listing marketing drive
South Korean memory chip manufacturer SK Hynix has launched an official marketing process for a US IPO at a $28 billion valuation, banking on robust investor demand.
Turing startup receives investment from AMD Ventures and transitions to AMD accelerators
Autonomous driving technology developer Turing Inc. attracted AMD Ventures as an investor and began transitioning onboard systems to AI accelerators from Advanced Micro Devices.
First clinical trials of drugs against the rare Bundibugyo Ebola strain begin in the DRC
Clinical trials of experimental drugs against the Bundibugyo strain of Ebola have begun in the DRC — a rare disease that has killed more than 100 people during the current outbreak in Congo.
ByteDance and Alibaba shut down AI companions under pressure from new Beijing rules
ByteDance and Alibaba are shutting down features for creating and chatting with AI companions, ahead of new Chinese rules governing human interaction with artificial intelligence.
Meta and TikTok cut staff in Ireland: first real casualties of AI efficiency
Meta and TikTok are cutting jobs at their Irish offices, citing AI efficiency as a reason — Bloomberg documents the beginning of AI disruption in Europe's labor market. *Meta is designated an extremist organization and
Kioxia ships next-generation flash memory samples to AI datacenter operators
Japanese chipmaker Kioxia has begun pilot shipments of next-generation NAND flash memory to AI datacenter operators, seeking to gain ground against competitors in the growing market.
Meta Decided to Sell AI Computing Power to Third Parties — Asian Chipmakers' Stocks Crashed
Meta's announcement of plans to monetize AI infrastructure as a commercial service triggered a sell-off of semiconductor stocks in Asia amid fears of market oversaturation.
Trump for minimal AI regulation: standards needed, but as few restrictions as possible
US President Trump said some AI standards are necessary but opposed excessive restrictions that could weaken American companies competing against China.
China's quantum funds attract billions — AI defeats human traders
Chinese quantum funds are flooded with a wave of investments: AI algorithms consistently outperform human managers in returns, and billions of yuan flow to the winners.
Hong Kong solidifies its role as main hub for AI chips in trade with China
Hong Kong has become the main transit corridor for AI chips to China, entering a $2 trillion Asian trade network driven by the global AI boom.
Chip makers warn the United States: memory market intervention will intensify shortage
The Semiconductor Industry Association told the Trump administration: government attempts to regulate prices or production capacities in the memory market will worsen the historic shortage caused by the AI boom.