In this article BABA BABA 1211-HK BYDDF 2498-HK NVDA Follow your favorite stocks CREATE FREE ACCOUNT A general view of the office building of Baidu is in Pudong, Shanghai, on Feb. 9, 2026. Ying Tang | Nurphoto | Getty Images The Pentagon added a slew of Chinese companies, including Alibaba Group , Baidu Inc and carmaker BYD , to a list of entities it believes have aided the Chinese military, compl...
In this article BABA BABA 1211-HK BYDDF 2498-HK NVDA Follow your favorite stocks CREATE FREE ACCOUNT A general view of the office building of Baidu is in Pudong, Shanghai, on Feb. 9, 2026. Ying Tang | Nurphoto | Getty Images The Pentagon added a slew of Chinese companies, including Alibaba Group , Baidu Inc and carmaker BYD , to a list of entities it believes have aided the Chinese military, complicating the fragile diplomatic relationship between Washington and Beijing. The Defense Department published an updated "1260H list" Monday evening stateside — a roster of companies the Pentagon considers affiliated with China's military or defense industrial base. The designations do not impose sanctions explicitly, but mean the Defense Department will be prohibited from contracting directly with listed companies starting later this month, and from procuring their products or services through third parties beginning in 2027. Baidu's American depositary receipts dropped 2.1%, Alibaba slumped 0.8% and BYD slid 0.8%. The additions come after President Donald Trump met Chinese leader Xi Jinping in Beijing last month, where the two leaders agreed to a trade truce and announced a joint investment and trade board. The update underscores a recurring tension in the bilateral relationship and security concerns in Washington over Chinese technology as a strategic threat. The Pentagon briefly posted a similar expanded list in February, then withdrew it without explanation as Trump's China trip had been pending. The version released Monday largely mirrors that February update, but reinstates Chinese memory chipmakers CXMT and YMTC, which had been left off the withdrawn list — an omission that drew criticism from China hawks in Washington at the time. Listed companies are deemed affiliated with China's State-owned Assets Supervision and Administration Commission, and designated as "military-civil fusion" contributors to China's defense industrial base through ties to the Ministry of Ind...
A number of stocks jumped in the morning session after industrial stocks recovered, carried by the broad market rebound and a read-through from AI-driven capital expenditure commitments. AMD announced a £2 billion ($2.66 billion) five-year investment in the UK for AI research and infrastructure, a signal that data-centre construction and the equipment, logistics, and grid infrastructure supporting...
A number of stocks jumped in the morning session after industrial stocks recovered, carried by the broad market rebound and a read-through from AI-driven capital expenditure commitments. AMD announced a £2 billion ($2.66 billion) five-year investment in the UK for AI research and infrastructure, a signal that data-centre construction and the equipment, logistics, and grid infrastructure supporting it continues to draw major capital. Easing Middle East tensions reinforced the sector's recovery. I
President attends Spurs v Knicks game at MSG Knicks aiming to win first title since 1973 Donald Trump was loudly booed when he was shown on the video screens at Madison Square Garden on Monday night before Game 3 of the NBA finals between the San Antonio Spurs and New York Knicks. Trump was shown on the jumbotron while the Star-Spangled Banner was being sung before the game, and jeers and boos bro...
President attends Spurs v Knicks game at MSG Knicks aiming to win first title since 1973 Donald Trump was loudly booed when he was shown on the video screens at Madison Square Garden on Monday night before Game 3 of the NBA finals between the San Antonio Spurs and New York Knicks. Trump was shown on the jumbotron while the Star-Spangled Banner was being sung before the game, and jeers and boos broke out around the arena . The president was shown for a little over eight seconds and held a salute the whole time with a smile on his face. A few seconds later, the video board showed Knicks players in line and the boos turned to cheers. Continue reading...
Aravind Srinivas, chief executive officer of Perplexity AI Inc., during the Bloomberg Tech conference in San Francisco, California, US, on Thursday, June 5, 2025. David Paul Morris | Bloomberg | Getty Images Perplexity is planning to go public in 2028 regardless of how the market receives the listings of Anthropic and OpenAI, CEO Aravind Srinivas told CNBC. "Agnostic of these two companies, we wer...
Aravind Srinivas, chief executive officer of Perplexity AI Inc., during the Bloomberg Tech conference in San Francisco, California, US, on Thursday, June 5, 2025. David Paul Morris | Bloomberg | Getty Images Perplexity is planning to go public in 2028 regardless of how the market receives the listings of Anthropic and OpenAI, CEO Aravind Srinivas told CNBC. "Agnostic of these two companies, we were planning for something in 2028 so that still remains the case," Srinivas said in an interview that aired on Tuesday. Srinivas has previously said the company has no plans to go public before 2028. His latest comments suggest a more concrete timeline. The CEO's comments come after Claude developer Anthropic confidentially filed for an initial public offering last week. While there are no details on share pricing, Anthropic was last valued at nearly $1 trillion . Meanwhile, OpenAI is also reportedly planning an IPO . These listings, along with SpaceX this week, are going to be among the biggest in history and a test of investors' appetite for these mega-IPOs. "I certainly think there will be ripple effects if they don't go well, like there is no sugar coating on that. The SpaceX IPO this week will definitely be a leading indicator to how Anthropic or OpenAI will go out," Srinivas told CNBC. "I think it's important for the AI industry that these IPOs go well, and I actually think they will go well, because they're doing well." The valuations of both Anthropic and OpenAI, known as frontier labs because their models are among the leading in the world, are under scrutiny from investors. Srinivas said that both companies deserve their high valuations because "they are on the frontier." A slowdown in the pace of innovation may dent their valuations, he said, adding that there is no sign of this happening now. "If for six months you don't see a model capability advance from one of these two companies, then it's a problem for them," Srinivas said. AI spending in focus Enterprise sp...