
Jun 29, 2026 07:26 am UTC| Insights & Views Health Technology
The Australian government has announced it is doubling down on social media platforms that arent complying with age restrictions for under-16s. The announcement comes just days after a new study reported more than 85% of...

Baige Online Shares Soar 333% in Hong Kong IPO Debut as AI Insurance Demand Lifts Chinese Listings
Jun 29, 2026 06:35 am UTC| Business Technology
Chinese insurtech firm Baige Online Digital Technology Co. (HK:2672) delivered an impressive debut on the Hong Kong Stock Exchange on Monday, with its shares surging as much as 333% in early trading. The strong performance...

SoftBank Shares Slide as OpenAI IPO Delay Concerns Weigh on AI Investment Outlook
Jun 29, 2026 06:29 am UTC| Business Technology
SoftBank Group Corp. shares dropped more than 5% on Monday, extending the sharp losses recorded last week as investors reacted to reports that OpenAI may postpone its highly anticipated initial public offering (IPO). The...

Baidu Shares Rally as Kunlunxin Eyes $50 Billion Hong Kong IPO
Jun 29, 2026 06:26 am UTC| Business Technology
Baidu Inc. (HK:9888) shares climbed sharply on Monday after reports indicated that its artificial intelligence chip subsidiary, Kunlunxin, is aiming for a valuation of approximately $50 billion through a planned initial...

Lenovo Shares Slide as AI-Driven Memory Demand Signals Higher DRAM and NAND Prices
Jun 29, 2026 04:13 am UTC| Business Technology
Lenovo Group (HK:0992) shares tumbled nearly 10% in Hong Kong on Monday after the company said it expects DRAM and NAND memory prices to remain structurally higher for years, citing booming artificial intelligence (AI)...

Morgan Stanley Raises Tesla Q2 Delivery Forecast on Strong Europe and China Demand
Jun 29, 2026 03:52 am UTC| Business Technology
Morgan Stanley has increased its second-quarter delivery forecast for Tesla Inc. (NASDAQ: TSLA), citing stronger-than-expected electric vehicle (EV) sales in Europe and China. The revised outlook reflects improving demand...

Open-Source AI Models Gain Ground as Enterprises Seek Lower-Cost Alternatives, Citi Says
Jun 29, 2026 03:51 am UTC| Business Technology Insights & Views
Open-source artificial intelligence (AI) models are rapidly gaining traction as businesses search for cost-effective alternatives to proprietary AI systems, according to a new research note from Citi. The shift comes as...