Chris Liu
The Latest
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SpaceX's $135/Share Tender Offer to Value Company at Over $250 Billion
Elon Musk's SpaceX is preparing to launch a tender offer in December, aiming to sell existing shares at $135 per share, according to sources familiar with the matter. This move would boost the company's valuation to over $250 billion, reflecting a significant increase from its June valuation of $210 billion. SpaceX did not immediately respond to requests for comment on the proposed offer. 
Elon Musk's SpaceX is preparing to launch a tender offer in December, aiming to sell existing shares at $135 per share, according to sources familiar with the matter. This move would boost the company's valuation to over $250 billion, reflecting a significant increase from its June valuation of $210 billion. SpaceX did not immediately respond to requests for comment on the proposed offer. -
Meta Fined Nearly $841 Million by EU Over Antitrust Breaches Related to Marketplace
Meta Platforms, the parent company of Facebook, has been hit with a nearly $841 million fine by the European Union for what regulators have labeled as "abusive practices" connected to its Marketplace classified ads business. The $841 million penalty marks the first time the EU has imposed such a fine on the social media giant for breaching the bloc's competition laws, reflecting the European Commission's ongoing scrutiny of Big Tech. 
Meta Platforms, the parent company of Facebook, has been hit with a nearly $841 million fine by the European Union for what regulators have labeled as "abusive practices" connected to its Marketplace classified ads business. The $841 million penalty marks the first time the EU has imposed such a fine on the social media giant for breaching the bloc's competition laws, reflecting the European Commission's ongoing scrutiny of Big Tech. -
Google Launches Gemini AI App for iPhone with Interactive Voice Assistant
Alphabet's Google has expanded its presence in the AI chatbot market by introducing its Gemini AI app to Apple's iPhone platform. The new app, which was quietly released to the App Store this week, features Gemini Live-a voice-based tool designed to engage users in natural and dynamic conversations. Google's latest move signifies a broader push to compete with OpenAI's ChatGPT, which is also set to be integrated into Apple's Siri, marking a significant step in the evolution of AI-powered voice assistants. 
Alphabet's Google has expanded its presence in the AI chatbot market by introducing its Gemini AI app to Apple's iPhone platform. The new app, which was quietly released to the App Store this week, features Gemini Live-a voice-based tool designed to engage users in natural and dynamic conversations. Google's latest move signifies a broader push to compete with OpenAI's ChatGPT, which is also set to be integrated into Apple's Siri, marking a significant step in the evolution of AI-powered voice assistants. -
Apple to Enter Smart Home Market with AI-Powered Security Camera in 2026
Apple is reportedly preparing to enter the smart home camera market in 2026, marking a significant step into a competitive sector dominated by Amazon and Google. Supply chain analyst Ming-Chi Kuo stated that Apple plans to produce millions of units annually, which signals its ambition to become a major player in the smart home space. 
Apple is reportedly preparing to enter the smart home camera market in 2026, marking a significant step into a competitive sector dominated by Amazon and Google. Supply chain analyst Ming-Chi Kuo stated that Apple plans to produce millions of units annually, which signals its ambition to become a major player in the smart home space. -
Meta to Slash Prices on Ad-Free Subscriptions in Europe
Meta Platforms announced Tuesday that it will offer European users of Facebook and Instagram a choice between cheaper ad-free subscriptions and a new free tier with less personalized ads, a move aimed at addressing mounting pressure from European Union regulators over data privacy practices. Meta Platforms announced Tuesday that it will offer European users of Facebook and Instagram a choice between cheaper ad-free subscriptions and a new free tier with less personalized ads, a move aimed at addressing mounting pressure from European Union regulators over data privacy practices. -
BYD Closes in on Ford’s Global Sales Amid EV Market Dominance, Surpassing Tesla in Revenue
BYD Co Ltd, China's leading electric vehicle (EV) manufacturer, is rapidly narrowing the global sales gap with Ford Motor Co. as it continues its aggressive expansion in the EV market. The Chinese automaker, which exclusively produces electric and hybrid vehicles, has experienced a surge in sales, positioning itself among the world's top automakers. 
BYD Co Ltd, China's leading electric vehicle (EV) manufacturer, is rapidly narrowing the global sales gap with Ford Motor Co. as it continues its aggressive expansion in the EV market. The Chinese automaker, which exclusively produces electric and hybrid vehicles, has experienced a surge in sales, positioning itself among the world's top automakers. -
Taiwan Bars TSMC's 2nm Chip Production Overseas to Safeguard Technology
Taiwan has prohibited Taiwan Semiconductor Manufacturing Co. (TSMC) from producing its advanced 2nm chips outside its borders, signaling the government's determination to protect critical semiconductor technology amid growing geopolitical tensions. Taiwan's Minister of Economic Affairs, J.W. Kuo, confirmed the move, emphasizing that while TSMC is free to build advanced facilities abroad, its most cutting-edge process nodes must remain within Taiwan. 
Taiwan has prohibited Taiwan Semiconductor Manufacturing Co. (TSMC) from producing its advanced 2nm chips outside its borders, signaling the government's determination to protect critical semiconductor technology amid growing geopolitical tensions. Taiwan's Minister of Economic Affairs, J.W. Kuo, confirmed the move, emphasizing that while TSMC is free to build advanced facilities abroad, its most cutting-edge process nodes must remain within Taiwan. -
TSMC Halts Production of Advanced AI Chips for China Amid U.S. Export Controls
Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, will suspend production of advanced artificial intelligence (AI) chips for Chinese clients starting Monday. The decision, reported by the Financial Times and confirmed by sources familiar with the matter, marks a significant escalation in the ongoing U.S.-China technology and trade dispute, as Washington continues to tighten export restrictions aimed at curbing Beijing's AI capabilities. 
Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest contract chipmaker, will suspend production of advanced artificial intelligence (AI) chips for Chinese clients starting Monday. The decision, reported by the Financial Times and confirmed by sources familiar with the matter, marks a significant escalation in the ongoing U.S.-China technology and trade dispute, as Washington continues to tighten export restrictions aimed at curbing Beijing's AI capabilities. -
South Korea Fines Meta $15M for Illegally Harvesting Sensitive User Data for Ads
Meta, the U.S. tech giant behind Facebook, faces a hefty fine of $15 million from South Korea's privacy watchdog, the Personal Information Protection Commission (PIPC), after illegally collecting sensitive personal data from nearly a million South Korean Facebook users and sharing it with advertisers. Meta, the U.S. tech giant behind Facebook, faces a hefty fine of $15 million from South Korea's privacy watchdog, the Personal Information Protection Commission (PIPC), after illegally collecting sensitive personal data from nearly a million South Korean Facebook users and sharing it with advertisers. -
Jeff Bezos and OpenAI Invest $400M in Physical Intelligence, Pushing Robotic AI Startup to $2.4B Valuation
Physical Intelligence, a robotics startup based in San Francisco, announced a significant milestone on Monday, securing $400 million in funding at a post-money valuation of $2.4 billion. Major investors in this early-stage round include Amazon founder Jeff Bezos, AI giant OpenAI, Thrive Capital, and Lux Capital. Khosla Ventures and Sequoia Capital are also noted as early backers of the company, according to the startup's official website. 
Physical Intelligence, a robotics startup based in San Francisco, announced a significant milestone on Monday, securing $400 million in funding at a post-money valuation of $2.4 billion. Major investors in this early-stage round include Amazon founder Jeff Bezos, AI giant OpenAI, Thrive Capital, and Lux Capital. Khosla Ventures and Sequoia Capital are also noted as early backers of the company, according to the startup's official website.
