Chinese AI Startup MiniMax Files for Hong Kong IPO, Sources Say
Shanghai-based MiniMax, which was valued at around $4 billion after a recent financing round, is targeting a stock market debut as soon as this year, one of the people said. The company has also filed its Hong Kong listing plan with China's securities regulator for review, another person said.
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Geek Wire
6 minutes ago
- Geek Wire
The realities of enterprise AI deployments, with Amazon Web Services VP Francessca Vasquez
On this episode of the GeekWire Podcast, we dive into enterprise AI adoption with Francessca Vasquez, a vice president at Amazon Web Services who leads its work with enterprise customers through the AWS Professional Services Group and the AWS Generative AI Innovation Center. Vasquez shares insights from more than 1,000 customer engagements across industries, explaining how companies are moving from AI experiments to deployments. We discuss the rise of AI agents, the challenges businesses face in scaling AI initiatives, and why some industries are surprising everyone with their pace of innovation. We also discuss specific examples including Yahoo Finance's multi-agent news analysis system, the PGA Tour's AI-powered real-time golf commentary, Formula 1's root cause analyzer for troubleshooting race-day issues, and Jabil's shop floor assistant for manufacturing employees. Listen below, or subscribe in any podcast app, and keep reading for highlights. On the rapid pace of AI evolution: 'The pace of innovation right now for generative and agentic AI is just a lot faster than what I've ever seen in my career. I couldn't tell you what are things going to look like in 12 to 18 months. That's how fast things are moving.' Industries adopting AI faster than expected: 'If you had asked me 24 months ago, did I think one industry would really just be leading in adoption, I probably would have said, just look at all of your digital native companies… I would have been wrong. … We've seen a lot of innovation happening in financial services. We've seen a lot happening in manufacturing and healthcare.' On moving from proof of concept to production: 'The only way you get to value is by actually putting things into production. … Of these same companies that were doing experiments or proof of concepts a year ago, only about 30% of them actually got into production. With the work that we do, we've been able to increase that well over 50%.' What makes for successful enterprise AI deployments: 'These things still require having very good leadership conviction. The companies that may be progressing further, they've got a leadership team who believes in the pace of technology, or they've got senior technical thought leaders on their board. That makes a very big difference.' Beyond the technology: 'How [companies] think about their culture and their people, that becomes a huge differentiator for both talent development and attraction. … It's more than just the technology of models and latency and tokens. It's also about the people and the culture and what experiences you want.' On AI agents and the future of work: 'I expect that any organization that's offering consulting services, they will all have to have some level of generative AI and agentic AI in their workflows — all of them, every last one of them.' Related Stories and Links: Audio editing by Curt Milton.


Gizmodo
36 minutes ago
- Gizmodo
China's BYD Takes the Lead Over Tesla in the Self-Driving Car Wars
As the auto industry races toward autonomy, most companies are rolling out driver-assist features with one hand while handing out waivers, disclaimers, and legal fine print with the other. Not BYD. The Chinese EV giant just made an unprecedented move: it's offering a public, financial guarantee for its autonomous parking system. If the system malfunctions, even due to an algorithmic failure, BYD will cover all resulting damages, including repair costs, third-party property damage, and compensation for personal injury. 'We are first in the world to propose a guarantee for autonomous parking,' the company said in a statement posted on social media Weibo. 'Our move reflects absolute confidence in God's Eye ADAS.' It's a bold promise that could set a new global benchmark for how automakers take—or avoid—responsibility for their autonomous technology. While Tesla Warns, BYD Backs It Up The announcement draws a sharp contrast with Tesla, whose Full Self-Driving (FSD) system is still marketed as a beta feature. Despite its name, FSD requires full driver supervision, and Tesla repeatedly reminds users that they, not the company, are legally responsible for anything that happens on the road. BYD's stance flips that logic on its head. It's not just promising a smarter system; it's promising corporate accountability, a component that has been largely missing from the discussion around consumer-grade autonomy. This guarantee is being delivered via a simple over-the-air (OTA) software update, not as part of a flashy concept car. With the upcoming God's Eye B update, BYD will enhance scene recognition, active safety, and precision parking in all conditions, including new functions like three-speed parking, U-turn assistance, and bypass maneuvers. The First Real Liability Shift? BYD wants to establish legal and financial trust. For years, regulators and safety advocates have warned that carmakers were deploying autonomous features too quickly without clearly defining who is to blame when something goes wrong. BYD's pledge may be the first real-world test of shifting liability from the user back to the manufacturer. The move could have significant ripple effects. If one company is willing to put its money on the line for Level 4-style autonomous parking, will competitors be pressured to match that promise or risk being seen as reckless? China First, But Not for Long? For now, BYD's guarantee is limited to China. But the company's growing international presence, including its aggressive push into Europe and Latin America, raises a critical question: will BYD bring this liability pledge to Western markets? If it does, it could force U.S. and European regulators to reexamine how they treat self-driving technology. It would also put immense pressure on companies like Tesla, Mercedes-Benz, and GM to offer similar guarantees or risk appearing evasive to consumers. After all, if a Chinese automaker can afford to own the risk of its AI, what's stopping Silicon Valley's richest car company? The Bottom Line BYD is attempting to rewrite the rules of who owns the consequences when AI is driving the car. In a world where most automakers treat autonomy as a 'use at your own risk' feature, BYD's move is both rare and radical. They're not just betting on their technology; they're betting on earning your trust. And unlike Tesla, they aren't asking you to sign a waiver. They're asking you to believe them, with their wallet.
Yahoo
an hour ago
- Yahoo
Needham Sticks With Buy on Nvidia (NVDA), Lifts Target to $200
NVIDIA Corporation (NASDAQ:NVDA) is one of the . On July 16, Needham analyst Rajvindra Gill raised the price target on the stock to $200 from $16. The firm has a 'Buy' rating on the shares. The price target hike follows assurances from the US government that export licenses will be granted for the company to resume sales of its H20 chips. Analysts noted that the H20 chips were previously subject to export controls. Owing to the restrictions, Nvidia was unable to ship $2.5 billion worth of products to China in the first quarter of fiscal 2026. It also had to pause $8B of H20 orders set to ship in the second quarter of fiscal 2026. Currently, the company has not specified how much revenue the H20 chips may capture over the coming quarters. However, analysts noted that they conservatively model $3B of H20 shipments per quarter. This starts in the third quarter of fiscal 2026 (October), over the next several quarters. The analysts also pointed out that Nvidia may be developing Blackwell GPU variants for the China market (B30/B40/RTX 6000D). These are anticipated to begin shipments in the August/September timeframe. NVIDIA Corporation (NASDAQ:NVDA) specializes in AI-driven solutions, providing high-performance GPUs and platforms that power data centers, autonomous vehicles, robotics, and cloud services. While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure: None. Sign in to access your portfolio