Asia’s technology stocks took another beating on Friday as a brutal sell-off in the AI trade swept across the region. Some of the chipmakers and technology companies that powered this year’s stock-market rally were among the hardest hit. South Korea’s benchmark Kospi index plunged 9% in early trading, triggering a trading halt. Japan’s Nikkei 225
If you have ever tried making Neapolitan style pizza at home, you already know the panic. You launch a pizza into a roaring outdoor oven, stare at it like a hawk for sixty seconds, and then rush in with a peel to spin it before the crust turns to charcoal on one side. It is
AI startup Thinking Machines Lab is set to close a fresh round of funding as soon as this week. The startup is raising $5 billion at a $40 billion pre-money valuation, according to multiple sources familiar with the matter. Accel is leading the round, according to the sources. Previously, Thinking Machines Lab, which was founded
Buying a new car has changed dramatically over the past few years. The days of heading to a dealership to haggle on price and options like floormats are rapidly coming to an end, making way for a more modern experience of configuring a Tesla Model 3 or BYD Seal on your phone from the couch.
Harvey has been taking early steps toward an initial public offering. The legal artificial intelligence startup, which was recently valued at $15.5 billion, has held talks with lawyers at Latham & Watkins about going public, according to two people familiar with the matter. The discussions were preliminary, with no listing imminent, one of the people
As the AI boom drives demand for energy-hungry data centers, interest in nuclear power is growing—and with it, demand for the uranium that fuels reactors. But while there are large automated markets for most commodities, that’s not the case with uranium, which still requires traders to call brokers for prices, sign emailed contracts and work
