Manus ‘friends’ investors with $500 million fundraising as former buyer turns rival
Returning investors like the AI agent operator for its experience making and selling practical software as Meta and other tech companies compete for the same work Manus has raised more…
Deep Source’s data center foray gets yawn from investors
The commodities trader is moving ahead with construction of a $221 million, 67 MW data center project in Malaysia Key Takeaways: Deep Source is building a 67 MW data center…
Biren announces $518 million share placement
AI general-purpose graphics processing unit (GPGPU) supplier Shanghai Biren Technology Co. Ltd. (6082.HK) on Thursday announced a new share placement to raise HK$4.04 billion ($518 million). Combined with a previous…
AIGC reorganizes China’s content industry with humans still at the center
AI generated content is enabling one-person studios and cutting production costs, while human creativity remains at the heart of China’s content industry By CLS Marketwatch AI-generated content (AIGC) technology…
ITC Properties pivots to AI with $12.47 million acquisition
ITC Neocloud Group Ltd. (0199.HK), formerly known as ITC Properties Group Ltd., announced on Tuesday that it plans to acquire 80% of Guangzhou Chaoqi Xiyang Technology Co. Ltd. for 83.6…
Nuobikan seeks $17 million in share placement at 13.6% discount
AI technology company Nuobikan Artificial Intelligence Technology (Chengdu) Co. Ltd. (2635.HK) said on Tuesday it plans to place 16.49 million new shares, representing about 4.17% of its enlarged share capital.…
PCB leader Dynamic Electronics holds the line on prices – to its detriment
The Shanghai-listed company has filed for a Hong Kong IPO, reporting it swung to a loss this year as it failed to fully pass on rising material costs to its…
