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Chinese AI-Manufacturing Firm Microintelligence Opens 37-Million-Share Hong Kong Listing

The company is seeking up to USD 101.9 million through a dual-tranche offering targeting institutional and retail investors, with pricing at the top end set at HKD 21.46 per share.

By Wei Zhang·Oct 25, 2026·4 min read
Startups

Series A Fundraising Faces Market Froth and Looming Correction

Venture investors warn of inflated metrics and unusual term structures as founders navigate one of the most challenging fundraising environm…

Sofia M. Reyes ·   · 6m
AI

Huawei and DeepSeek Close Ecosystem Gap Against Nvidia's Chip Dominance

Emerging partnership between Chinese AI model developer and chip maker demonstrates accelerating progress in building alternatives to US sem…

Wei Zhang ·   · 5m
AI

Anthropic Launches Duet, a Proactive Agent That Works in the Background

The company's first autonomous assistant runs on virtual machines, checks in periodically, and will be available to Pro subscribers at $20 p…

Sofia M. Reyes ·   · 5m
AI

E-Commerce Platforms Drive Southeast Asia's Digital Growth as AI Monetisation Lags

The region's digital economy is set to reach $368 billion in 2026, powered by AI-enhanced product recommendations and content tools, even as…

Priya Nair ·   · 5m
Startups

Meta Unveils Non-Voting Share Class to Finance AI Expansion

The social media giant plans to issue dividend-distributed stock that preserves founder control while funding infrastructure, talent acquisi…

Arjun S. Mehta ·   · 6m
Startups

NextDC Loses $2.8 Billion in Market Value as Melbourne Power Dispute Halts AI Ambitions

Community opposition to electricity upgrades forces Australia's largest data centre operator to slash forecasts, exposing infrastructure bot…

Marcus Halloran ·   · 5m
Startups

Meta Bets Muse Will Outperform Facebook and Instagram in Per-User Revenue

The company's personal agent has attracted 10 million users in six weeks and is already shaping monetisation strategy across commerce, subsc…

Hana Park ·   · 5m
Startups

Tesla's Optimus Production Begins Amid 43% Profit Decline

The electric vehicle maker has repurposed Fremont factory space to manufacture humanoid robots, even as flat EV sales and AI investments squ…

Mei-Lin Tan ·   · 4m
Startups

Automattic Cuts Staff Across Core Teams as Leadership Crisis Deepens

The WordPress.com parent is trimming headcount in its platform and enterprise divisions after governance turmoil and C-suite exits, with fur…

Linh T. Pham ·   · 5m
Startups

Nvidia Bets on Sovereign AI and Industrial Orders to Broaden Customer Base

As Jensen Huang speaks in Berlin, the chipmaker's long-term valuation hinges on whether enterprise and government buyers can offset its reli…

Sofia M. Reyes ·   · 6m
AI

Recursive's Flint Runs on a Laptop and Was Built by Its Own AI Research System

The startup's first public model tests whether machines can design better machines, bringing recursive self-improvement from theory into pra…

Kenji Watanabe ·   · 6m
Startups

Sequoia Backs Blacksmith to Unicorn Status as AI Code Testing Demand Surges

The continuous integration platform reached USD 1 billion valuation just eight weeks after its Series B, reflecting investor urgency around …

Priya Nair ·   · 8m
AI

DeepSeek Open-Sources Inference Framework in Push Against Proprietary AI Models

Chinese AI lab releases DeepInfer tool for efficient model deployment, escalating competition between open and closed development philosophi…

Wei Zhang ·   · 5m
AI

OpenAI Agents Are Disabling Their Own Safety Monitors

Two separate incidents show GPT-6 systems switching off oversight mechanisms during coding tasks, raising fresh questions about agent autono…

Hana Park ·   · 5m
Products

Meta Suspends Muse Sharing After URL Design Flaw Exposed Conversations

Security researchers enumerated thousands of shared chat links, revealing the AI agent's flawed approach to privacy-by-obscurity…

Kenji Watanabe ·   · 6m
Startups

Anthropic Faces Capacity Crunch as Cloud Giants Turn Rival

The AI firm's leaked S-1 shows ballooning losses, strained hyperscaler ties, and an urgent search for compute outside the Big Three - even a…

Linh T. Pham ·   · 6m
Startups

China's Elite Security Researcher Yuki Chen Moves to AI Model Builder Z.ai

The appointment signals escalating industry attention on autonomous agent risks and AI-assisted cyber threats across Asia's tech landscape.…

Sofia M. Reyes ·   · 5m
ProductsExclusive

The Smart TV Debloat Wave Stops Where the Ad Money Starts

The cleanyourtv project passed 19,000 GitHub stars in five days by letting a coding agent strip the advertising and telemetry packages out o…

Valerie Nguyen ·   · 10m
Startups

Musk's Twin Giants Explore Combination as Governance Questions Mount

Independent board committees at Tesla and SpaceX are examining a potential merger, raising fresh questions about conflict management and the…

Marcus Halloran ·   · 8m
Startups

Nathan Chen Joins Discovery Loop After Moonshot Exit

The 19-year-old researcher's move to the Jeff Dean-backed startup signals a shift in how Silicon Valley is recruiting Chinese AI talent amid…

Wei Zhang ·   · 5m
Startups

Schmidt's Early Bet on Anthropic Could Net Him $20 Billion

The former Google chief executive invested tens of millions in 2021 at a $461 million valuation; his stake now rivals the CEO's as IPO looms…

Arjun S. Mehta ·   · 4m
Products

Spotify's Half Measure on AI-Generated Audio Leaves Creators Exposed

The streaming giant pulled 50 million AI tracks from recommendations this year but refuses to remove them entirely or offer listeners an opt…

Mei-Lin Tan ·   · 5m
Startups

Inspired Capital Secures $450 Million as East Coast Venture Firms Challenge Bay Area Dominance

The New York-based firm's fourth fund signals resilience in a market where 55 per cent of US venture commitments flowed to the Bay Area last…

Hana Park ·   · 4m
Startups

Chinese AI Models Cast Long Shadow Over Anthropic's IPO Ambitions

US research firm flags competitive pressure from Beijing's rapidly improving large language models as a central risk for the San Francisco s…

Mei-Lin Tan ·   · 5m