Tech layoffs are spreading, and China’s tech giant is no exception. According to sources cited by South China Morning Post, Baidu is trimming staff across key divisions and reshaping parts of its AI organization as it seeks to streamline operations after a loss-making quarter. The report adds that...

As major U.S. cloud providers ramp up their AI ASIC efforts to lessen dependence on NVIDIA, Meta is reportedly evaluating to spend billions on Google’s in-house AI chips. According to Bloomberg, citing The Information, Meta is in talks to deploy Google’s TPUs in its data centers starting in 2027...

On November 23 (local time), Tesla CEO Elon Musk announced on X that the company is close to completing the tape-out of its in-house AI5 chip, while kicking off the development of the next-generation AI6 chip. The AI5 has passed its design review and delivers 2000–2500 TOPS of compute performance ...

As 2025 draws to a close, China’s STAR Market sees its largest IPO of the year today (November 24). Moore Threads, dubbed “China’s NVIDIA,” is set to debut with an issue price of 114.28 yuan per share, aiming to raise 8 billion yuan, according to 21jingin.com. China’s NVIDIA: IPO and Te...

Following recent deals with tech giants like AMD, OpenAI has announced a new partnership with Foxconn, marking its latest move to strengthen AI hardware development. According to Bloomberg, OpenAI is working with Foxconn to design and manufacture hardware for data centers. Foxconn also plans to pro...