Chinese AI firms form alliances to build domestic ecosystem amid U.S. curbs

Chinese AI firms form alliances to build domestic ecosystem amid U.S. curbs

China’s artificial intelligence companies have announced two new industry alliances with the aim of developing a domestic ecosystem. Vertigo3d | E+ | Getty Images China’s artificial intelligence companies have announced two new industry alliances, aiming to develop a domestic ecosystem to reduce dependence on foreign tech as they seek to cope with U.S. export restrictions on advanced Nvidia chipsets. The announcements…

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A week when everything happens

A week when everything happens

Traders wait for insurance marketplace Accelerant to begin trading during the company’s IPO at the New York Stock Exchange (NYSE) in New York City, U.S., July 24, 2025. Brendan McDermid | Reuters Choose a comfortable seat and grab your popcorn. These five days will basically be the Olympics for market watchers: Meta Platforms, Microsoft, Amazon…

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Samsung Electronics signs .5 billion chip-supply contract; shares rise

Samsung Electronics signs $16.5 billion chip-supply contract; shares rise

Samsung signage during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Thursday, March 20, 2025. David Paul Morris | Bloomberg | Getty Images Samsung Electronics has entered into a $16.5 billion contract for supplying semiconductors, a regulatory filing showed Monday. Samsung shares were up more than 2% in early trading. The South…

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