“In a pivotal day for the AI sector, Nvidia’s CEO Jensen Huang published a rare blog post framing AI as the largest infrastructure buildout in human history, structured as a ‘five-layer cake’ from energy to applications, while emphasizing job creation over destruction. Meanwhile, AI startup Anthropic escalated its clash with the U.S. government by filing … Read more
“Xunlei Limited has entered into definitive agreements to sell a 50% equity interest in its subsidiary Shenzhen Onething Technology for RMB125 million in cash, reducing its ownership from 70% to 20%. The transaction involves transfers to Wuhan Kingsoft Cloud Information Technology and a management-led holding vehicle, allowing Xunlei to unlock value from its distributed cloud … Read more
U.S. stock futures are hovering near unchanged levels as Wall Street pauses after a solid start to the year, with the S&P 500 up about 1.45% year-to-date. Investors are eyeing Friday’s nonfarm payrolls report for December, which could either fuel the ongoing rally or spark volatility if it signals cooling in the labor market amid … Read more
“Niu Technologies reported a 13% year-over-year drop in fourth-quarter sales to 178,702 units, impacted by seasonal slowdowns in China and regulatory shifts, though full-year volumes surged 30% to 1,197,978 units. International sales declined, but new e-motorcycle and e-bicycle models gained traction, positioning the company for potential rebound in global markets.” Sales Volume Overview Niu Technologies, … Read more