BEIJING — The Chinese artificial intelligence startup behind the Kimi model said Thursday that financial industry giants, including investment banks, funds and venture capital firms are using its Kimi models on AI tools. Among the companies now using Kimi are investment bank CICC and venture capital firms such as Sequoia China, now rebranded as Hong…
Check out the companies making the biggest moves in premarket trading: Generac — The generator maker soared 33% after striking a deal with Amazon to supply backup power generators for its data centers. Initial deliveries are expected to total $2.4 billion between 2027 and 2028. Generac also granted Amazon the right to buy up to…
Faisal Bashir | Lightrocket | Getty Images BEIJING — China’s artificial intelligence models may be enjoying rapid adoption but that isn’t yet translating into revenue, raising questions about company valuations. All of China’s AI models combined generate only about 10% of the revenue reported for OpenAI and Anthropic, U.S.-based research firm Rhodium Group said in…
Kevin Warsh, chairman of the US Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, Sept. 16, 2026. Daniel Heuer | Bloomberg | Getty Images The Federal Reserve on Wednesday delivered a much-expected interest rate hike, and Chairman Kevin Warsh followed with a notably…
The Federal Reserve on Wednesday approved its first interest rate hike in more than three years and indicated another is to come, as part of an effort aimed at combating inflation brought on by spiraling oil prices and other factors. In a move that markets widely anticipated, the central bank’s Federal Open Market Committee voted…
Kevin Warsh, chairman of the US Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, July 29, 2026. Al Drago | Bloomberg | Getty Images This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in July. Text…
The U.S. Capitol in Washington, July 22, 2026. Aaron Schwartz | Bloomberg | Getty Images The battle for the U.S. Senate is still tight, but prediction market traders think Democrats have one of their best chances yet of taking the upper chamber. Speculators on Kalshi now give Democrats a 54% chance to win the Senate,…
Check out the companies making the biggest moves premarket: SK Hynix , Intel — The chipmakers rose after a Reuters report that SK Hynix was in talks with Intel to manufacture memory chips in the U.S. for the first time. Both stocks were up more than 2.5%, but SK Hynix said that no decisions have…
Humanoid robots compete in the 100-meter race during the 2nd World Humanoid Robot Games at the National Speed Skating Oval in Beijing on August 25, 2026. Wang Zhao | Afp | Getty Images BEIJING — While frontier U.S. labs have sounded the alarm on artificial intelligence in recent high-profile speeches, Chinese companies have largely kept…
Check out the companies making the biggest moves midday: Skyworks Solutions , Qorvo — The chipmakers popped, recovering from a sell-off in the previous session driven by safety concerns around artificial trade. Skyworks traded 10% higher, while Qorvo advanced 7%. Axon Enterprise — The Taser manufacturer slid 9% after announcing the sale of $1 billion…
