Aachen’s amber raised €7mn to sell AI sovereignty to the Mittelstand

Aachen-based amber has closed a €7mn Series A. Ventech co-led it with NRW.Venture, the venture arm of NRW.BANK. NRW.BANK is the development bank owned by the German state of North Rhine-Westphalia. [...]

Nvidia just invested in a company that sells nothing

Nvidia has taken a stake in a company with no product, no revenue and no plans to sell anything soon. Safe Superintelligence, the lab Ilya Sutskever founded after leaving OpenAI, said on Monday that N [...]

Shein reveals slowing profits and a quarterly loss ahead of Hong Kong IPO

Shein has finally shown investors the numbers. In a draft prospectus filed on July 26, the fast-fashion retailer disclosed annual revenue of $41.8 billion for 2025, up roughly 8% on the year before, a [...]

Modi breaks Instagram’s Reel record with 300 million views as student protests sweep India

Indian Prime Minister Narendra Modi posted two selfie videos on Instagram as student protests swept the country, with the first Reel drawing more than 300 million views in 24 hours and breaking the pl [...]

Ant International raises $1.2bn to fund its payments push beyond China

Ant International, the overseas affiliate of Chinese fintech group Ant Group, has raised about $1.2 billion in a fresh equity round to fund its expansion into markets beyond its home turf. The company [...]

Xiaomi’s new Xring O3 is built at TSMC, and aimed at a few hundred thousand phones

Xiaomi has launched the Xring O3, a system-on-chip that TSMC will manufacture on its 3-nanometre process, according to two people familiar with the matter who spoke to Reuters. The chip pulls comput [...]

The firm that wires AI data centres is chasing Hong Kong’s biggest IPO since Alibaba.

One of the quiet winners of the AI boom is about to test the public markets. Zhongji Innolight, a Chinese maker of high-speed optical transceivers, has started gauging demand for a Hong Kong listing w [...]

UK finance chiefs are warming to AI, even as they keep spending in check

Nearly three-quarters of the finance chiefs at Britain’s largest companies now say they are optimistic that artificial intelligence will improve business performance, a striking figure from a group [...]

Microsoft told Google it was overreacting in 2010. It has spent five years quietly leaving China

Corporate filings show the closures, Reuters reported in an exclusive. The revenue figure is the one that explains the rest. China accounted for 1.5% of global revenue as of 2024. Microsoft has no cur [...]