Chinese EV stocks surge after EU slaps up to 38% additional import tariffs Hong Kong’s Hang Seng index surged 1.23% at the open, powered mostly by gains in EV stocks.

Broadcom beats earnings estimates, announces 10-for-1 stock split

Tesla could get special duties as part of higher China EV tariffs, EU says Tesla “may receive an individually calculated duty rate,” the European Commission said, as part of its decision to raise tariffs on Chinese electric vehicles.

Apple surpasses Microsoft as world’s most valuable company after unveiling AI plans Apple reclaimed the title of the world’s largest company by market cap after an artificial intelligence-heavy conference sparked investor enthusiasm.

Oracle stock pops 10% on AI demand, new deals with Google and OpenAI Oracle shares popped Wednesday, a day after the company released fourth-quarter results.

German next-generation chip firm bags $274 million in funding as Europe ramps up semiconductor push Black Semiconductor, a startup creating next-generation chip technology, said it raised 254.4 million euros (US$274 million), mainly from public funding.

Larry Ellison is $18 billion richer after Oracle shares rally the most since 2021 Larry Ellison’s 42% stake in Oracle has made him one of the richest people in the world, and his value continues going up as stock shares hit a record.

Microsoft-backed Mistral AI raises $645 million at a $6 billion valuation Mistral AI is just over a year old but has raised huge sums of money and is vying to take on the likes of OpenAI and become Europe’s AI champion.

U.S. is reportedly weighing further limits on China’s access to AI chip tech The Biden administration is weighing measures that would target highly advanced chip architecture known as gate all-around, Bloomberg reported citing sources.

Amazon’s AWS to launch new infrastructure region in Taiwan amid rapid Asia-Pacific expansion Amazon Web Services said it is seeking to meet “high demand for cloud services” in the Asia-Pacific region.

Apple Vision Pro to sell in China, Japan and Singapore by end of this month in first debut outside the U.S. Apple is launching its flagship virtual reality headset, the Apple Vision Pro, in China, Hong Kong, Japan and Singapore on June 28.

Elon Musk drops suit against OpenAI and Sam Altman Elon Musk withdrew his lawsuit against OpenAI, Sam Altman and Greg Brockman on Tuesday in California state court.

WeWork emerges from bankruptcy, announces John Santora as new CEO WeWork, once valued at $47 billion by private investors, emerged from bankruptcy on Tuesday with a new CEO from Cushman & Wakefield.

Oracle shares jump on Google and OpenAI deals despite earnings miss Oracle is allocating capital for data center construction to meet demand from OpenAI, and it’s bringing its trademark database to other public clouds.

OpenAI ex-employees worry about company’s control over their millions of dollars in shares OpenAI has plans to regularly allow employees to sell some of their equity, but ex-staffers worry they won’t receive equal treatment.

AI is getting very popular among students and teachers, very quickly New research from a poll of students, teachers and parents conducted for the Walton Foundation finds the popularity and use of AI in education rising rapidly.

Apple shares pop to record high after company unveils AI software Apple shares reached a new record high of around $203 on Tuesday, besting the previous record from Dec. 14.

Cryptocurrencies fall as investors await Fed decision, bitcoin dips under $67,000 Cryptocurrencies slumped on Tuesday as bitcoin extended its recent slide and investors awaited the Federal Reserve’s next rate decision.

Mastercard to phase out manual card entry for online payments in Europe by 2030 The experience of paying for things online is about to feel a lot different in the coming years.

Apple execs explain why its AI is different from competitors Apple officials don’t talk about it as one or multiple models, just “Apple Intelligence.”