Brief

Robotics company Robotechs Intelligent Technology Co., Ltd. has submitted a listing application to the Hong Kong Stock Exchange, with Huatai International, Citi, and Orient Securities International serving as joint sponsors. In other news, the German automotive industry may lose 125,000 jobs by 2035 due to industry transformation and a deteriorating business environment. Additionally, the fuel surcharge for domestic flights in China is set to increase again. AI

Major tech companies like Microsoft and Google are investing heavily in chip manufacturers to secure essential AI resources. This strategic move aims to guarantee access to critical components amidst an intense competition for AI hardware. The financial backing for these factories is expected to impact consumers through increased costs or limited availability. AI

Amp, a startup aiming to democratize access to AI computing power, has secured $1.3 billion in funding. The company plans to create an "AI grid" by acquiring compute capacity from data center operators and making it available to organizations and smaller startups that lack the resources of major tech giants. Founding members of Amp's coalition include Mistral, ElevenLabs, and Black Forest Labs, with a goal of pooling 1.9 gigawatts of capacity over five years. AI

Dessn, a design tool startup, has secured $6 million in funding to enhance its production-focused platform. The tool allows designers to work directly within a live codebase in the cloud, abstracting away setup complexities. This approach aims to streamline the handoff between design and development teams, differentiating it from ideation-focused tools. Dessn plans to integrate with collaboration tools like Slack and meeting notetakers to further automate design prototyping. AI

Kuaishou plans to spin off its AI subsidiary, Keling AI, and is seeking to raise $2 billion for the venture. This move follows a trend of major tech companies encouraging their programmers to focus on AI development, with some reportedly exhausting their annual budgets within four months. Meanwhile, ST Kaixin has had its delisting risk warning removed by the Shenzhen Stock Exchange and will resume trading under a new name. AI

Kuaishou plans to spin off its AI subsidiary, Keling AI, and is seeking to raise $2 billion for the venture. Separately, a CTO expressed confusion as major tech companies are pushing programmers to focus on AI, leading to rapid budget depletion within four months. The article also notes that controlling shareholders of Changjiang Materials and Pioneer Electronics intend to reduce their stakes in their respective companies. AI

SoftBank has invested $450 million in the British semiconductor company Graphcore. This funding round is part of the 2026 fiscal year's financial activities, with total box office revenue for films surpassing 14 billion yuan as of May 12th. Additionally, the tech industry is seeing increased competition among programmers in AI, with one CTO reportedly surprised by rapid budget depletion. AI

Kuaishou plans to spin off its AI subsidiary, KeLing AI, and is seeking $2 billion in funding for the new venture. Separately, a CTO expressed surprise as a major tech company's AI budget was depleted in just four months due to intense internal competition among programmers. The newsflash also noted a 3% drop in spot silver prices and a proposed share buyback by ST Wenfeng. AI

Forus, a health tech startup, has achieved a $1 billion valuation and secured $160 million in funding to address the significant issue of unfilled prescriptions. The company utilizes AI to streamline the administrative backend of prescription processing, ensuring patients receive their medications more efficiently. Their technology assists medical practices in navigating insurance complexities and improving prescription fill rates, with thousands of practices currently relying on their system. AI

Tencent Music reported its first-quarter financial results, with total revenue increasing by 7.3% year-over-year to 7.90 billion yuan and adjusted net profit rising by 4.8% to 2.33 billion yuan. The company saw significant growth in its music-related services, particularly non-member services which surged by 28.0%. Separately, Pop Mart announced a substantial first-quarter revenue increase of 75%-80% driven by strong performance across its international markets, including China. AI

A股三大指数收盘涨跌不一，半导体设备、特高压、覆铜板概念走强，通光线缆、华正新材涨停。美国电池回收公司Redwood Materials宣布特斯拉前首席财务官Deepak Ahuja正式加入公司出任CFO。快手计划分拆可灵AI，融资20亿美元。 AI

Hopu Capital has secured the first investment fund management company license in Macau following the enactment of its new Investment Fund Law. This makes Hopu (Macau) Investment Fund Management Co., Ltd. the first legally established investment fund management company in the region under the new regulations. The announcement comes amidst broader market activity, including significant trading volumes in Shanghai and Shenzhen stock exchanges and news of Kuaishou's plans to spin off its AI arm, Keling AI, with a $2 billion funding goal. AI

Today's Sleep, a sleep health company founded by Wang Teng, has secured a new round of funding from multiple investors including CMC Capital, Cloud Nine Capital, Junli Capital, Hony Capital, and Hillhouse Ventures. This follows a seed round in January, which was backed by entities like Ziyuan Robot and Hillhouse Ventures. The company, established in January 2026, focuses on AI applications in health consulting and software development. AI

Kuaishou Technology is considering a potential spin-off and external financing for its AI subsidiary, Keling AI. The company has announced that its board of directors is evaluating a proposed restructuring of Keling AI's assets and business. This move aims to leverage external financial resources, though no final agreements have been reached, and the plan is still in its early stages. AI

Chengdu Yuzhilingdong Technology, also known as Walulu, has secured tens of millions of RMB in angel and pre-A funding rounds. The company's core product is an AI-powered plush pet named Walulu, envisioned as the "Pokémon of the AI era." Walulu differentiates itself by prioritizing product design and IP operation over deep AI model development, focusing on user appeal as a toy first and an AI product second. This strategy has led to successful offline sales and expansion into international markets, with plans for further product iterations and IP collaborations. AI

Microsoft has reportedly capped its revenue-share payments to OpenAI at $38 billion. Under their latest deal, OpenAI is expected to save $97 billion by 2030. The report also touches on the relative valuations of Kimi and DeepSeek, and includes a commencement speech by Jensen Huang. AI

Kwai plans to spin off its video generation large model business, Keling AI, seeking to raise $2 billion at a $20 billion valuation. Keling AI currently has an annualized revenue of $500 million, which has doubled since before the Spring Festival. The company is reportedly in talks with investors like Tencent for this funding round. AI

OpenAI has launched a new consulting subsidiary, OpenAI Deployment Co., to assist enterprises in building and deploying AI systems. This move, which includes the acquisition of applied AI consulting firm Tomoro, aims to capture a share of the lucrative enterprise consulting market. The initiative follows a similar strategy by competitor Anthropic and mirrors the 'forward-deployed engineer' model pioneered by Palantir. OpenAI plans to invest over $4 billion to scale operations and acquire additional firms, embedding specialized engineers within client organizations to deliver business value from AI technologies. AI

The Open Society Foundations, led by Alex Soros, announced a $30 million commitment over three years to combat antisemitism and anti-Muslim hate. This initiative aims to strengthen interfaith partnerships and protect communities facing increased threats, particularly in light of recent global events and heightened rhetoric. The funding will support educational programs, community leaders, and nonprofits working to address discrimination and intolerance in a unified manner, rather than in silos. AI

Chinese internet giant Kuaishou is reportedly exploring external funding for its AI video generation unit, Kling AI. The company is considering a restructuring of the business, which could involve bringing in outside investors. This move signals Kuaishou's strategic focus on advancing its generative AI video capabilities. AI

Envirotech Vehicles is set to merge with AZIO AI in a deal valued at $480 million. This strategic move aims to reshape AI infrastructure and includes a planned leadership transition. The merger is expected to significantly impact the AI sector. AI

Anker Innovations' eufy Make UV printer E1 achieved a record-breaking $46.7 million in crowdfunding on Kickstarter, far exceeding its initial goal. The product, which is the world's first consumer-grade UV printer, faced significant manufacturing challenges, including supply chain integration and quality control issues like leakage, requiring engineers to live at the factory for a month to resolve. The company also had to develop its own consumer-grade UV ink, which is now a point of discussion due to its high cost, and is working towards domestic production of key components like printheads. AI

Copper prices have reached new all-time highs, driven significantly by the escalating demand from artificial intelligence data centers. Analysts at Citi predict further price increases, projecting copper could reach approximately $15,000 per metric ton. This surge is attributed to both AI-related demand and strategic inventory stockpiling, indicating a strong macro backdrop supporting higher commodity prices. AI

Greenboard, a startup focused on automating financial compliance using AI, has secured $15.5 million in Series A funding. The round was led by Base10 Partners and included other investors like Y Combinator and General Catalyst. Greenboard's platform aims to streamline regulatory processes for over 500 financial institutions, with a conversational interface called Greenboard Go. The company emphasizes an "expert in the loop" approach to maintain trust and efficiency in the highly regulated financial sector. AI

36Kr reports that Shenzhen Jialichuang Technology Group Co., Ltd. has passed its initial public offering review by the Shenzhen Stock Exchange's listing committee. In other news, Ruixin Micro announced that shareholder Huang Xu plans to reduce his stake by up to 1.53% within three months. The "8 o'clock氪" section of 36Kr also noted former US President Trump's anticipation for a trip to China, OPPO's accountability notice regarding Mother's Day copy, and Kuaishou's plan to spin off its AI company Keling with a $2 billion funding goal. AI

JD Logistics reported a 29% year-over-year revenue increase to 60.58 billion yuan in the first quarter, with profits rising 41.6% to 860 million yuan. In other news, Airbus subsidiary Satair acquired Unical Aviation Inc., and Kuaishou plans to spin off its AI company Keling AI with a $2 billion funding goal. Additionally, a report indicates that major tech companies are heavily investing in AI development, with some exhausting their annual budgets within four months. AI

Today's Sleep, a sleep health company founded by Wang Teng, has secured a new round of funding from investors including CMC Capital and Hillhouse Ventures. This follows a previous seed round in January that included Ziyuan Robot and Hillhouse Ventures. The company, established in 2026, focuses on health consulting and AI software development. AI

Entropy AI, a startup founded by Singaporean PhDs, has secured millions in seed funding from Chuxin Capital for its innovative 'Flyer O1' household flying robot. This AI-powered device is designed to act as a smart home butler, autonomously patrolling homes, identifying anomalies, and managing family schedules and tasks. The Flyer O1 aims to overcome the limitations of ground-based robots by utilizing flight for broader environmental sensing and task execution, with a focus on privacy through local data storage. AI

快手计划分拆其AI部门可灵，并寻求20亿美元融资，此举引发市场关注，快手股价应声上涨超过9%。同时，有报道称微软与OpenAI达成了新的合作协议，微软将为OpenAI提供高达380亿美元的营收分成付款，并预计在2030年前为OpenAI节省970亿美元的成本。此外，英伟达CEO黄仁勋在毕业典礼上发表了关于AI将所有人都拉回同一起跑线的演讲。 AI

Hong Kong-listed semiconductor firm Hua Hong Semiconductor experienced a significant net sell-off of HK$660 million by Southbound funds. In contrast, other tech companies like Xanadu, Dipu Technology, and Alibaba saw net inflows. Meanwhile, JD.com reported a 4.9% year-over-year revenue increase for its first quarter, exceeding 740 million annual active users. AI

Kuaishou is planning to spin off its AI video generation unit, Kling AI, for an independent stock market listing. The company is aiming for a valuation of $20 billion and is currently in the process of securing pre-IPO funding. This move is expected to occur around 2026. AI

Inflation, rather than economic growth, is the primary risk facing the Federal Reserve and the market, according to Castle Securities. This concern is amplified by an AI-driven capital expenditure boom, looser financial conditions, and a robust labor market, which could transmit recent oil price increases into broader price pressures. Meanwhile, the demand for AI computing power and significant investments from major manufacturers are driving a severe shortage in memory chips, with prices expected to rise sharply in the second quarter. This surge is also benefiting Chinese supply chains, with several listed companies experiencing substantial stock price increases. AI

Morgan Stanley has become more optimistic about the US stock market, raising its S&P 500 target to 8300 points based on strong corporate earnings and economic conditions. The bank's strategists noted that the market has already priced in significant risks, and a robust earnings season, with S&P 500 companies exceeding profit expectations, supports this positive outlook. This shift in sentiment from a previously skeptical strategist highlights market sensitivity to regulatory signals, particularly concerning AI chip exports to China. AI

SoftBank Group reported a net profit of 1.83 trillion yen for its fourth quarter, with Vision Fund contributing 2.88 trillion yen to its quarterly profit. Separately, Indonesia's Finance Minister announced plans to launch a new electric vehicle subsidy policy in June 2026 to mitigate the impact of rising global oil prices due to Middle East tensions. The country aims to reduce its reliance on fossil fuels by incentivizing the adoption of electric vehicles and motorcycles. AI