Chinese AI startup MiniMax just had a huge Hong Kong IPO, valuing the company at $6.5 billion and making its 36-year-old founder, Yan Junjie, worth about $2.4 billion. The company, which spent years building a multi-modal AI model, now boasts 212 million users for products like its Hailuo video gene
Obsidian Entertainment announced that Avowed, its first-person RPG, will launch on PlayStation 5 on February 17. The release coincides with a major free update adding New Game Plus, new races, and more. This is part of Xbox’s growing strategy to release its games on competing platforms.
Alphabet’s market cap closed at $3.892 trillion, surpassing Apple’s $3.863 trillion. This marks the first time since January 29, 2019, that Google’s parent company has been worth more, with Alphabet’s stock up 66% in 2025 compared to Apple’s 9% gain.
China’s Ministry of Commerce is launching a review of Meta’s recent acquisition of Singapore-based AI startup Manus. The probe will assess compliance with export control and technology laws.
The AI gold rush is over. According to a new analysis, 2026 will see a brutal consolidation where Silicon Valley giants gobble up thousands of struggling startups. The playbook? Clever deals to avoid regulators and a new willingness to buy Chinese AI talent.
China’s top AI startups, Zhipu and MiniMax, are hitting public markets in Hong Kong to raise cash. The problem? They’re burning through money 8 times faster than they can make it, with no clear path to profit.
Zhipu AI is going public in Hong Kong, raising over $500 million despite burning cash on R&D. Its co-founder warns the hyper-competitive, low-price model from China will soon spread globally, forcing U.S. giants like OpenAI to compete on cost.
Fortinet is launching a major channel offensive into the SMB and midmarket through a new partnership with D&H Distributing. The deal includes an exclusive enablement program and aims to capture “net-new business” worth potentially hundreds of millions of dollars.
According to a new report, Discord is gearing up for a potential IPO as soon as March. The chat platform, which walked away from a $10 billion Microsoft offer, is betting on a revived market.
Amazon has agreed to a massive $2.5 billion settlement with the FTC. The deal, reached in September 2025, includes up to $51 in refunds for eligible customers who were allegedly tricked into Prime memberships.
