OpenAI issued warrants worth $5.5 billion in SB Energy, WSJ reports

​OpenAI ​was issued ​warrants worth an ‌estimated $5.5 ⁠billion ⁠in ​power infrastructure firm ​SB Energy, the ​Wall ⁠Street Journal ‌reported ​on ​Sunday, ⁠citing draft IPO ​documents reviewed ​by the Journal.

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AI and robotics drive an IPO boom in China as Shein lists in Hong Kong

In the latest big stock listing, shares in China-founded e-commerce and fast fashion giant Shein are due to debut Tuesday in Hong Kong in a blockbuster initial public offering raising $1.7 billion, in one of the city's biggest new share sales this year.

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John Ternus to lead Apple into the age of AI

John Ternus takes over as Apple's chief executive on Tuesday, inheriting a company that towers over the smartphone market but trails its rivals in artificial intelligence. Ives expects the new chief executive to lean into what he knows.

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Big firms eye ISRO's rocket tech; DealShare's sale talks

Happy Monday! Big industrial groups are vying to get a piece of ISRO’s heavy rocket technology. This and more in today’s ETtech Morning Dispatch.

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SK hynix open to US investment, sees memory shortage through 2030

SK hynix CEO Kwak Noh-jung said SK hynix was looking globally for potential sites that could support its development and testing needs, citing power, water and government incentives among key considerations. Kwak also said the company's newly established AI Co. would serve as an investment vehicle for startups and companies that could support its next businesses.

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Social media influencers don entrepreneurial hat; launch VC-backed consumer brands

The rise of social media influencers has given birth to a new wave of consumer brands, garnering tremendous venture capital interest.

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OpenAI to end partnership with SpaceX's Cursor

OpenAI ‌said ​it ​was ⁠not confident that SpaceX ​would use its technology "within ​our terms of service."

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Canada to loan quantum startup Xanadu $140 million to build manufacturing plant

Experts have ​long touted quantum computers' potential to solve problems regular computers cannot and speed up ​scientific discoveries, but the technology remains error prone because of its extreme sensitivity to any disturbances including sound.

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US judge blocks Pentagon's Anthropic blacklisting

Anthropic's ​lawsuit in California federal court alleges that Defense Secretary Pete Hegseth overstepped his authority when he designated Anthropic a national security supply-chain risk, a label the government can apply to companies that expose military systems to ‌potential infiltration or ⁠sabotage by ⁠adversaries.

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Block deals test valuations; Gig board exodus

Happy Friday! Block deals are putting startups’ private valuations to the test. This and more in today’s ETtech Morning Dispatch.

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Infosys invests in AI enterprise procurement startup Aerchain

Infosys has invested an undisclosed amount in Bengaluru-based AI procurement startup Aerchain through its Infosys Innovation Fund. Founded in 2019, Aerchain offers an AI-powered procurement platform for enterprises. The investment follows its $13 million funding round in March.

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