Original titleASML's strong orders ease fears AI spending boom is running out of steam
ASML reported strong order intake, easing concerns that the AI infrastructure investment boom may be losing momentum.
OpenAI submitted a confidential Form S-1 filing with the SEC, following Anthropic's IPO filing from the previous week. The confidential filing means certain details such as executive compensation and business risks remain nonpublic.
Samsung Electronics recorded a second-quarter operating profit of KRW 89.4 trillion, marking its third consecutive record quarter. The result represents a 1,810% increase from the same period last year, with revenue reaching KRW 171 trillion, up 129.3% annually. AI semiconductor demand drove the exceptional growth.
Starting October 9th, free Google Gemini users will be limited to the Flash Lite model. Access to the standard Flash model requires a $4.99 monthly Google AI Plus subscription, which will also stop including Gemini Pro. Top-tier Gemini Pro and Deep Think reasoning will be restricted to Google AI Pro or Ultra subscribers.
DeepSeek raised its pre-IPO funding target from $7.4 billion to between $12 billion and $15 billion as investor interest surged. CATL and Tencent Holdings are the lead investors.