China's Kimi-K3 AI model sparks global tech selloff at Shanghai conference: Xi urges UN-led governance

NEW - Chinese AI startup Moonshot is sending U.S. AI and semiconductor stocks sharply lower as their latest model, Kimi-K3, surpassed the performance of Anthropics Claude Fable and OpenAIs GPT by far. @disclosetv

telegram_Disclose.tv · about 4 hours ago

The Download: perimenopause misinformation and Chinas latest AI leap This is todays edition of The Download, our weekday newsletter that provides a daily dose of whats going on in the world of technology. Theres a lot of hype around perimenopause. Dont buy it. Perimenopause used to be considered taboo, but not anymore. Thanks at least in part to TV doctors and social media influencers,…

mit tech review · about 4 hours ago

Europes chip ambitions wont break dependence on US cloud and software, says Forrester Brussels may spend billions on semiconductor fabs, but tech sovereignty remains firmly in American and Chinese hands

the register · about 4 hours ago

Palantirs CEO predicts AI will make him 20x richer while middle-class workers get modest raises Palantir CEO Alex Karp estimated that AI could make him 20x wealthier, implying a fortune approaching $300 billion, up from roughly $15 billion today. Middle-class workers, he said, might simply see their salaries double over the next decade. Karp called the disparity a complete decoupling of unimaginable wealth and normal wealth and said it is […] This story continues at The Next Web

the next web · about 4 hours ago

Netflix misses earnings targets as growth enters a steadier phase Netflix forecast third-quarter revenue and earnings on Thursday that fell short of Wall Street targets and said it would cut ‌the frequency of viewing-hours reports as the company seeks new avenues of growth. Shares of Netflix fell nearly 8.6 per cent in after-hours trading to $67.99. The company led by Co-CEOs Ted Sarandos and Greg […]

cyprus mail · about 4 hours ago

Xi pushes secure AI strategy as China expands global initiative Chinese President Xi Jinping unveiled a new international AI cooperation platform while urging countries to develop artificial intelligence under stricter security and governance standards. Speaking at the World AI Conference in Shanghai, Xi argued that AI should remain under human oversight and called for stronger international coordination through the United Nations.

yenisafak · about 4 hours ago

Global stocks slide amid Iran-US tensions and semiconductor sell-off Global markets fell as escalating US-Iran tensions and heavy selling in semiconductor stocks weighed on investor sentiment. Chipmakers remained under pressure over AI investment returns, while rising oil prices raised inflation concerns despite resilient US economic data.

yenisafak · about 4 hours ago

Swiss supercomputer fed with a vast trove of NASA data The Swiss Federal Institute of Technology ETH Zurich has transferred 100 petabytes of climate and environmental data from NASA cloud servers to the Swiss National Supercomputing Centre (CSCS) in Lugano. The volume is enormous: 100 petabytes is roughly equivalent to 20 million feature films. The freely accessible dataset contains climate and Earth observation information collected by the United States space agency over the past 50 years, including data on greenhouse gases, clouds, precipitation, ice sheets and the Earth system. Over the coming months, another 40 petabytes of data from the US National Oceanic and Atmospheric Administration (NOAA) will be transferred to Switzerland. + Swiss Alps supercomputer to leverage AI for science ETH professor Thomas Zurbuchen says the goal is to use the data to train artificial intelligence models. The more data available, the more accurate forecasts can become in areas such as weather, climate and natural hazards. Monitoring glaciers The ...

swissinfo · about 4 hours ago

Swiss energy provider invests in Finnish company Swiss energy firm Romande Energie has acquired a minority stake in the Finnish company Hyperion Robotics for an undisclosed sum. "This investment marks the seventh in Romande Energies corporate venture capital portfolio and the first to be made outside Switzerland," a spokesperson for the Morges-based group told the AWP news agency on Friday. This arm of the company can invest up to one million francs in Swiss and European start-ups active in the energy sector, she added, in order to strengthen Romande Energies capacity for innovation. This approach enables us to keep a close eye on new technologies, as well as new business models. Hyperion Robotics, founded in 2020 and based in Espoo, north-west of Helsinki, utilises 3D printing, robotics and physical artificial intelligence (AI) to produce reinforced concrete structures for electricity grids and data centres, reducing emissions by up to 70 compared with traditional construction methods. Romande Energie states, regarding ...

swissinfo · about 4 hours ago

Kim Jong Un hosts top Chinese official in Pyongyang China has sought to reassert its position in the Korean peninsula in recent years. Chinese President Xi Jinping made his own visit to Pyongyang in June as part of this push.

euronews · about 4 hours ago

Xi hails new level in ties as China and Kazakhstan sign €11.4bn in deals Xi Jinping and Kassym-Jomart Tokayev signed more than 70 commercial agreements on the sidelines of the World AI Conference in Shanghai, including Central Asias first battery plant with CATL and a new Caspian port terminal.

euronews · about 4 hours ago

Zoox Recalls Self-Driving Cars Over Smoke Detection Software Issue Foster City, California, July 17 Brussels Morning Newspaper — Driverless car technology is in the spotlight after Amazon-owned Zoox announced a voluntary recall of its autonomous vehicles due to a software issue that may prevent the system from detecting smoke … Read more

brussels morning · about 4 hours ago

Federal Reserve News: US Equity Funds See Outflows as Chip Stocks Decline Washington, July 17 Brussels Morning Newspaper — Federal Reserve news remained a key focus for investors as US equity funds posted fresh outflows during the latest reporting period. A broad decline in semiconductor stocks weakened market sentiment, prompting investors to … Read more

brussels morning · about 4 hours ago

NEW - Meta is in talks to lease computing power from its AI data centers to Anthropic, in a deal potentially worth up to $10 billion, over two years. Read here: @disclosetv

telegram_Disclose.tv · about 4 hours ago

British aerospace technology company Greenjets raises €35 million Series A with NATO backing Greenjets, a London-based aerospace technology company developing propulsion systems, aircraft platforms and launch technologies for the next generation of aviation, today announced a €35 million ($40 million) Series A funding round.  The round was led by Blossom Capital, with participation from the NATO Innovation Fund (NIF), the National Security Strategic Investment Fund (NSSIF), and existing […] The post British aerospace technology company Greenjets raises €35 million Series A with NATO backing appeared first on EU-Startups.

eu-startups · about 4 hours ago

US investor Lockheed Martin Ventures commits at least €87 million to Europe as it opens new office in the UK American VC firm Lockheed Martin Ventures is expanding its reach to European markets in order to invest its €874 million ($1 billion) fund in promising DefenceTech companies from across the continent The firm will also be opening a London office with the goal of investing at least €87 million ($100 million) of its funding in […] The post US investor Lockheed Martin Ventures commits at least €87 million to Europe as it opens new office in the UK appeared first on EU-Startups.

eu-startups · about 4 hours ago

A Chinese open-source model just triggered another AI selloff. The panic says more about US spending than about Kimi. A new Chinese AI model has rattled global markets, sending tech and chip stocks sharply lower. Moonshots Kimi K3 surprised investors and helped fuel a broad selloff, Bloomberg reports. Traders quickly labelled it a Kimi moment, echoing the DeepSeek shock of early 2025. The comparison is doing a lot of work, and not all of it […] This story continues at The Next Web

the next web · about 4 hours ago

The AI booms least glamorous winner just filed for a $5bn listing, and it wires Google and Amazons data centres While attention fixes on Nvidia and the AI models, the companies quietly wiring the data centres together are booming. Eoptolink, a Chinese maker of high-speed optical transceivers, has filed for a Hong Kong listing that could raise up to $5bn, Bloomberg reports. The plan is a secondary listing on top of its existing Shenzhen shares. It […] This story continues at The Next Web

the next web · about 4 hours ago

Agentic AI is moving from drafting doctors notes to routing their patients. Bunkerhill just raised on it. A healthcare AI startup has raised fresh funding to push AI agents deeper into hospital operations. Bunkerhill Health closed a Series B led by Khosla Ventures, bringing total funding to $55m, HIT Consultant reports. The pitch is a platform, not a product. Its Carebricks system lets health systems build and run their own AI agents, rather […] This story continues at The Next Web

the next web · about 4 hours ago

While everyone builds chatbots, SAP just closed a €1bn-plus bet on AI that understands your spreadsheets The AI industry is obsessed with models that write and talk. SAP has just completed a large bet on a different kind entirely, one built for structured data, as its acquisition of Prior Labs closed. The deal is now done, with regulatory approvals secured and the Freiburg-based lab operating inside SAP. The German software giant is […] This story continues at The Next Web

the next web · about 4 hours ago

China will tax lithium and solar batteries for the first time in a decade, but sodium batteries stay exempt China will impose a consumption tax on lithium-ion and solar batteries for the first time in a decade, marking a policy shift as Beijing seeks to rein in overcapacity and destructive price wars in industries it spent years subsidising into global dominance. A 2 tax on lithium-ion batteries takes effect this September, rising to 4 […] This story continues at The Next Web

the next web · about 4 hours ago

Poutine comptait sur la Chine, mais Xi Jinping pourrait lui réserver une mauvaise surprise Moscou comptait sur Pékin pour compenser la perte du marché européen. Mais les négociations autour du prix du gaz sannoncent bien plus difficiles que le Kremlin ne lavait anticipé. ...

la libre · about 4 hours ago

Xi positions China to challenge US grip on global AI rules President Xi Jinping used the opening of Chinas flagship AI summit on July 17 to portray Beijing as an alternative rule-setter for artificial intelligence, unveiling a new intergovernmental body and a package of aid for developing nations.

intellinews · about 4 hours ago

US chip stocks head for worst week in more than a year High-flying semiconductor shares fall as momentum trades backfire

financial times · about 4 hours ago

Chinas Xi Jinping launches new AI alliance: What is it? Beijing is likely to use the WAICO alliance to influence global AI regulations, analysts say.

aljazeera · about 4 hours ago

Weatherman: Extreme weather puts forecasting models to the test Although the worlds major weather centers increasingly use artificial intelligence to improve forecasts, complex mathematical models and the value of forecasters long experience have not disappeared, says Environmental Agency director Taimar Ala.

news.err · about 4 hours ago

Worlds largest olive oil company says market has definitively entered new phase The update comes as analysts raise concerns about the prospect of global olive oil supplies swinging dramatically from one season to the next.

cnbc · about 4 hours ago

Chinese automakers are taking on the UK — and many Brits are embracing it The surge comes as Chinas auto exports have boomed in recent years as the countrys appetite for new models has cooled.

cnbc · about 4 hours ago

CEE Startup & Tech Weekly: Pension Capital Reaching Eleven Labs, Revolut, Databricks... The Recursives weekly roundup aims to cover key tech developments across Central and Eastern Europe, as well as the growing impact of CEE-born founders on the global stage. Take a look at the latest news in funding, startup milestones, and emerging trends tied to the regions innovation potential.

the recursive · about 4 hours ago

Xi calls for global AI cooperation as US restrictions squeeze Chinas tech access As US restrictions continue to limit Chinas access to advanced technology, Xi Jinping used a major summit to rally developing nations around Beijings vision for AI.

euronews · about 4 hours ago