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The biennial IAA Mobility conference kicked off this week with a clear message from German automakers: they are ready to fight back against growing Chinese competition in Europe. Volkswagen, BMW, and Mercedes showcased a lineup of new vehicles, signaling that innovation and affordability remain at the heart of their strategy. German EVs Step Up Volkswagen…
The London Stock Exchange Group (LSEG) has launched a blockchain-based platform for private funds, becoming the first major global stock exchange to deploy such infrastructure. Called Digital Markets Infrastructure (DMI), the system promises to reshape how private assets are issued, traded, and settled. First Asset Class Goes Live on DMI Private funds are the first…
In the heart of Europe’s auto industry, Chinese electric vehicle (EV) companies took center stage this week at the IAA Mobility show, signaling an aggressive push into a market long dominated by legacy European brands. While BMW, Mercedes, and Volkswagen showcased their latest models, it was the bold presence of Chinese automakers that grabbed industry…
After a week of heavy outflows, global Crypto investment products swung back to strong inflows last week, signaling a sharp recovery in market sentiment. Asset managers including BlackRock, Fidelity, Bitwise, Grayscale, ProShares, and 21Shares recorded a combined $3.3 billion in net inflows, reversing the prior week’s $352 million in outflows, according to new data from…
China’s market regulator has accused U.S. chip giant Nvidia of violating the country’s anti-monopoly law, escalating tensions between the world’s two largest economies. The preliminary findings by the State Administration for Market Regulation (SAMR) could complicate ongoing trade talks between Chinese and U.S. officials in Madrid. Beijing Flags Breach Over Mellanox Deal The SAMR launched…
The AI industry is grappling with a mounting copyright problem as lawsuits over unlicensed training data multiply. Following Anthropic’s $1.5 billion settlement, dozens of cases, including one against Midjourney for creating Superman images, are raising alarms about the legal future of AI training practices. The need for a scalable licensing system has never been more…
Riders in Atlanta can now hail a May Mobility robotaxi directly through the Lyft app, marking the first commercial deployment in the companies’ partnership. The rollout is a modest start, featuring a small fleet of hybrid-electric Toyota Sienna Autono-MaaS vehicles with human safety operators, operating during weekday hours in Midtown Atlanta. The move positions Lyft…
Five years after its $1.3 billion acquisition of autonomous vehicle startup Zoox, Amazon is officially rolling out its robotaxi service in the United States. The debut begins Wednesday on the Las Vegas Strip, where the company will offer free rides from select locations including Top Golf, Resorts World, and Luxor Hotel & Casino. While passengers…
European markets opened higher on Wednesday as investors digested a mix of corporate earnings, trade developments, and inflation data. The pan-European Stoxx 600 climbed 0.5% by mid-morning in London, with all major regional indices trading in positive territory. Strong Corporate Earnings Boost Investor Sentiment Shares of Danish pharmaceutical giant Novo Nordisk surged 3.5% following the…
As the U.S. chases massive AI investments, China is quietly taking a lean and strategic approach. While OpenAI projects it will need $115 billion by 2029, Beijing launched a 60.06 billion yuan ($8.42 billion) national AI fund earlier this year. The Chinese government is prioritizing practical AI applications across the economy under the broad “AI+”…