The Shanghai Stock Exchange (SSE) has updated listing rules for unprofitable AI firms, allowing LLM developers to go public on the Star Market with an anticipated market cap of at least 4 billion yuan and clear commercialization plans. The move aims to support high-quality AI companies amid intense global competition.
The Shanghai Stock Exchange has updated listing rules for unprofitable AI firms, allowing them to go public on the Star Market if they meet criteria like a 4 billion yuan market cap and clear commercialization plans. This aims to support high-quality AI companies amid intense global competition.
The Shanghai Stock Exchange has updated listing rules for unprofitable AI firms, allowing them to go public on the Star Market if they have an anticipated market cap of at least 4 billion yuan and clear commercialization plans. This aims to support high-quality AI companies amid intense global competition.
Epic Games plans to integrate Fortnite skins across games using Unreal Engine 6, a step towards an interoperable metaverse. This initiative faces developer adoption challenges and comes as Fortnite sees declining engagement and faces scrutiny over AI usage.
Xbox CEO Asha Sharma and CCO Matt Booty informed staff of significant financial challenges, with plans to cut costs by potentially closing Ninja Theory, Double Fine, and Compulsion Games. This follows a memo citing over $20bn in investments yielding declining revenue and a "hardware component crisis."
Square Enix's HD-2D RPG, The Adventures of Elliot: The Millennium Tales, merges Zelda-like exploration with Final Fantasy-style roleplaying elements. Players navigate four different time periods, encountering familiar Zelda mechanics alongside customizable magicite and spells, creating a unique and expansive adventure.
Shadow Treasurer Tim Wilson's family investment trust holds undisclosed shares in Gondwana Carbon, a climate advisory firm involved in carbon credit trading. ASIC records show the trust held directorship until May 2023, and shares in another firm, Spektrum Holdings, were also not disclosed.
Snap CEO Evan Spiegel unveiled Specs, the company's first AR glasses for consumers, priced at $2,195. He believes people are ready to move beyond smartphones and embrace augmented reality for shared experiences, despite market challenges and competition from Meta and Google.
Bitcoin miner IREN has acquired Spanish data center developer Nostrum Group, adding 490 MW of power and a development pipeline in Spain. This move expands IREN's global power portfolio to 5 GW and supports its strategic pivot towards AI cloud services, seeking more predictable revenue streams.
Mainland Chinese buyers significantly increased their Hong Kong property purchases in the first four months of 2026, acquiring over 41% of last year's total. April saw a nearly 48% month-on-month rise in registrations, reaching a two-year high.
London's Veeraswamy, the UK's oldest Indian restaurant, is suing the Crown Estate to prevent eviction after its lease was not renewed. The restaurant, open since 1926, faces closure as the Crown Estate plans to refurbish the building for office space.
The Simpsons franchise has launched a new collaboration with Monopoly Go!, featuring original storylines and animated shorts. This partnership highlights the show's unique ability to adapt across various game genres and maintain relevance through creative involvement from writers and animators.
Hong Kong developer Lai Sun Development has launched an exchange offer for its US$493 million in notes due July 2026, seeking to swap them for new US dollar notes with an 8% coupon and a three-year tenor to ease liquidity pressures amid challenging commercial real estate markets.
Zhipu's parent company, Knowledge Atlas Technology, saw shares jump 48% as JPMorgan and Bank of America raised ratings and price targets, citing Zhipu's ability to meet global AI demand amid US restrictions on foreign access to advanced models. Zhipu's open-source GLM-5.2 release contrasts with US curbs, positioning China for the value-for-money AI segment.
Queensland's government is selling state-owned land for housing, with three developers set to build 450 homes, an aged care facility, and affordable housing on a six-hectare Brisbane site. Deputy Premier Jarrod Bleijie highlighted the program's speed and focus on supply to address the housing crisis.
A luxury five-bedroom apartment in Hong Kong, featuring 3.5-meter floor-to-ceiling heights, has been sold. The sale occurs amidst geopolitical uncertainties, including the US-Israel war on Iran, prompting investors to diversify assets. This transaction underscores strong demand in Hong Kong's super-luxury residential market.
A massive $165 billion data center, Project Jupiter, is planned for New Mexico, promising jobs and investment but raising concerns among locals and farmers about water usage amid a severe drought. Tenants Oracle and OpenAI plan to use recycled non-potable water, but transparency and long-term impact remain debated.
A 22-year-old man from Haryana, Himanshu Jangra, is facing job loss, legal notices, and harassment after his comments during a stand-up comedy show sparked online backlash. He claims his remarks were improvised and meant for entertainment, not to reflect his true beliefs.
UP RERA has capped the flat transfer fee for legal heirs of unregistered properties at Rs. 1,000. For non-family members, the fee is capped at Rs. 25,000. This aims to curb exorbitant charges by developers and simplify the inheritance transfer process.
China has launched the world's first three-band optical fibre communication system, capable of carrying over five times the traffic of conventional systems. This advancement, utilizing S, C, and L bands simultaneously, aims to significantly boost the capacity of future AI networks and data transmission infrastructure.
US Senate lawmakers and law enforcement are in talks over the CLARITY Act's provision on "non-controlling developers." Law enforcement fears it will hinder investigations into illicit finance, while the industry argues it's crucial for innovation. The bill's passage hinges on finding a balance before the August recess.
OpenAI, the creator of ChatGPT, is opening a new office in Madrid, Spain, to expand its European operations and foster collaboration with local businesses, developers, and institutions. The move comes as Spain shows significant growth in AI adoption and ChatGPT usage, ranking among the top five European markets.
OpenAI is opening an office in Madrid to expand its European operations and deepen cooperation with Spanish businesses, developers, and institutions. The move comes as ChatGPT sees significant user growth in Spain, positioning it as a key European market.
New unit prices in Tseung Kwan O, Wong Chuk Hang, and Tai Wai have increased by 7-36% compared to previous years, with average prices 15% above four-year lows, driven by interest rate cuts and returning mainland Chinese buyers.
