China AI Regulation
Unitree's 48% Slump Is Measured From a Day-One Intraday Peak
The stock closed at 615 yuan on Thursday. That still values the humanoid maker at more than four times the top of its own lead underwriter's range.
2d ago
#IPO
Anthropic
Anthropic's $45B Compute Deal Is Unconfirmed, With Power In Late 2027
460 megawatts in West Virginia, six years, and an Nscale IPO as soon as next month. Microsoft signed a letter of intent for the same site in March and walked away.
2d ago
Finance AI
CoVolt Has $3.6B Backlog, $565m Obligations, and Revenue Down 32%
A Form S-1 is the one document where a pipeline has to be stated twice — once as management defines it, once under accounting rules. The two numbers differ by $3bn.
Aug 22, 2026
Finance AI
Nscale's $3B IPO Is Its Raise, While $51B Is Backlog
Two numbers are doing work they were not built for: one is proceeds mistaken for valuation, the other is multi-year committed spend mistaken for revenue.
Aug 22, 2026
Manufacturing AI
Unitree Fell 11% on Day Two While Its Founder Put the "ChatGPT Moment" at Five to Ten Years
The quote everyone ran is the optimistic half. Wang Xingxing gave a range, and the top of it is a decade.
Aug 20, 2026
AI Agents
Unitree Closed Its Debut Up 460%, Not 629%. Most Coverage Filed Before the Bell.
The first pure-play humanoid-robot listing gave back roughly a third of its opening spike during the session — after the wires had already published.
Aug 19, 2026
Anthropic
OpenAI's Q2 Was $6.7B and a $12.3B Loss
Leaked figures put the two labs side by side — but only one of the numbers being compared has a disclosed basis.
Aug 19, 2026
Anthropic
Anthropic May Add Founder Supervoting Shares, With Amodei At 2%
Nothing has been granted, the specifics could not be learned — and the trust that elects most of the board is being kept, not replaced.
Aug 19, 2026
Anthropic
Anthropic's $65B Is Annualized, While Its Quarter Was $11.5B
A run rate is one recent period multiplied out. The gap between $65bn annualised and roughly $46bn implied by last quarter is the number the IPO will be priced against.
Aug 18, 2026
Finance AI
Anthropic Projected $10.9B, But Leaks Put Q2 Above $11.5B
Preliminary internal figures, obtained by Bloomberg and carried by Fortune. Anthropic published nothing, declined to comment, and the numbers can still be revised.
Aug 16, 2026
Finance AI
OpenAI Bought Back $7 Billion of Shares, Valuation Flat
The employee tender cleared at $852bn — exactly the March mark. OpenAI funded it itself rather than bringing in outside buyers.
Aug 12, 2026
AI Chips
Moore Threads Grew 147% and Still Lost Money, Eyeing Hong Kong
A half-year that beat all of 2025, a loss cut by 95.73%, and a board resolution to issue H shares. No timetable, size or valuation yet.
Aug 9, 2026
AI Agents
Unitree Priced at $9B, While DeepSeek Took 0.23% for 3 Years
Shanghai's flagship humanoid listing raised 6.1bn yuan against a 4.2bn target, with China's most visible AI lab on the strategic placement list.
Aug 9, 2026
AI Chips
Hong Kong's Biggest Listing Since Alibaba Broke Issue in the First Minute
Zhongji Innolight raised $6.8 billion selling the optics that connect AI clusters, then opened below its HK$980 offer price, fell as far as 10.2%, and closed down 2.04%. Its Shenzhen shares dropped 9.15% the same day.
Jul 30, 2026
Finance AI
SHEIN's IPO Filing Shows a $99 Million Quarterly Loss and a Line Item for AI
The prospectus posted to the Hong Kong exchange reveals profit down 38.7% for 2025 and a swing to loss in the first quarter — with proceeds partly earmarked for demand forecasting and logistics AI.
Jul 27, 2026
AI Chips
A Chinese Memory Maker Ended Its First Trading Day Worth More Than Intel
CXMT raised $8.6 billion in Asia's largest listing of the year, then closed up 466% — making it the most valuable company on mainland China's exchanges, on a 7.6% share of the DRAM market.
Jul 27, 2026
China AI Regulation
$42 Billion Chinese GPU Designer Files For Hong Kong In Secret
MetaX lodged a confidential listing application on Thursday, hours after HKEX opened its biggest reform since 2018 and let every applicant hide its filing.
Jul 24, 2026
Finance AI
Zhongji Innolight Launches an Up-to-$8B Hong Kong Listing, Riding the AI Data-Center Boom
The world's largest maker of optical transceivers — the interconnects wiring AI data centers together — is gauging investor interest in what would be Hong Kong's biggest share sale of 2026.
Jul 20, 2026
Finance AI
Anthropic Lines Up IPO Investor Meetings, With a Listing Possible in October
Bankers at Goldman Sachs, Morgan Stanley and JPMorgan are scheduling meetings between prospective investors and Anthropic executives — an early step toward what would be the largest AI listing yet, and one that would beat OpenAI to public markets.
Jul 16, 2026
Open Source AI
DeepSeek Is in Talks to Raise ~$1.5B at $71B, With an IPO in View
The Hangzhou lab behind the open-weight model that rattled the industry is reportedly seeking fresh capital at a roughly $71 billion valuation — barely a month after its first outside round — while preparing a mainland-China listing.
Jul 15, 2026
