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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.
ElevenLabs discusses tender offer at $22 billion company valuation
AI startup ElevenLabs is conducting preliminary negotiations on a tender offer that will allow employees to sell shares at a company valuation of around $22 billion.
Chinese cinemas to be allowed to open karaoke zones, cafes, and AI services
Chinese authorities published recommendations allowing cinemas to integrate AI agents, karaoke zones, and cafes — to bring audiences back to theaters amid the streaming era.
Uber Fires Two Top Executives From Data Labeling Division for AI
Uber fired two technical heads of its AI data labeling division—a business line the company positioned as a key growth driver.
Meta is building a cloud business to sell AI computing power, competing with Amazon and Google
Meta is developing its own cloud platform to sell AI computing and provide access to models to third-party customers, directly competing with Amazon Web Services, Microsoft Azure, and Google Cloud.
National Grid invests $1.75 billion in American AI-energy company Jouleant
National Grid announced a $1.75 billion investment in American company Jouleant — betting on explosive growth in electricity consumption by AI data centers.
Meta Creates Cloud Business to Sell AI Capacity, Fable 5 Enters Global Market
Meta is preparing to sell its AI computing capacity and model access to third-party companies, competing with AWS and Azure; simultaneously, the US removed restrictions on Anthropic's Fable 5 for foreign clients.
Wall Street Researchers: AI in Hedge Funds Creates New Systemic Risks
New academic papers raise a sharp question: when hundreds of hedge funds use identical AI algorithms, the market risks synchronized cascading failure.
Hon Hai reports 40% sales growth: Nvidia's server assembler thrives on AI demand
Taiwan's Hon Hai (Foxconn group), Nvidia's main server assembler, recorded quarterly sales growth of 40% above expectations — the company says AI demand continues to rise.
Startup Twelve Labs raises $100M from Amazon and NEA for AI video search
Twelve Labs raises $100M from Amazon, NEA and Naver Ventures to scale AI capable of quickly searching and analyzing large volumes of video content.
Oracle officially admits: AI data center investment may not pay off
Oracle has openly warned investors: massive investments in AI data center construction carry real risk of non-recoupment — the first major signal of limits to the AI infrastructure boom.
Wayve Technologies becomes first to launch on London Stock Exchange's new private market
British autonomous driving software developer Wayve Technologies filed an application to sell shares on LSE's new Private Securities Market — first among major companies.
Finance and technology lose 28,000 jobs monthly due to AI implementation
Bloomberg has documented the first sustained wave of AI-driven layoffs: the finance and technology sectors lose 28,000 jobs monthly — companies stop replacing departing employees.
Meta considers launching cloud business to monetize AI infrastructure
Meta is internally discussing creating a cloud service to sell AI computing power to external customers — the company is seeking ways to monetize years of investment in data centers and chips.
Google and Idris Elba Finance Access to AI Tools for African Authors
Alphabet (Google) and British actor Idris Elba announced funding for access to AI tools for African content creators.