Chinese startup Even Realities Technology, founded by former Apple engineer Will Wang, raised $150 million in a pre-Series B round, reaching a $1 billion valuation. The company develops AI-integrated smart glasses focused on privacy, with no cameras but features like messaging and live translation via heads-up displays. Even Realities aims to compete in the growing global smart glasses market, currently led by Meta with nearly 70% share. The funds will support product innovation, AI integration, and global expansion.
Broadcom's stock fell nearly 13% in one week due to rising 10-year Treasury yields impacting AI-related stocks. Despite this, the company shows strong fundamentals with AI semiconductor revenue up 143% year-over-year and a robust order pipeline exten...
Meta Platforms is deploying a new technology called CXL to recycle older DDR4 memory modules in newer DDR5 servers. This approach helps Meta manage rising DRAM prices and reduces the total cost of ownership for its server hardware. By creatively reus...
Meta Platforms is investing heavily, with $31.1 billion spent in Q2 and a raised 2026 capex forecast of $130-$145 billion, aiming to develop advanced AI models. CEO Mark Zuckerberg indicated the company is close to launching frontier-class AI, emphas...
The S&P 500 Index may reach 8000, supported by strong AI fundamentals and recent Treasury buybacks that lowered long-term bond yields. Growth in AI capital expenditure, rising compute prices, and enterprise adoption underpin the AI-driven market desp...
Meta has launched its experimental AI-powered gaming app, Pocket, across the US after a test run in Brazil. The app allows users to create small interactive games called "gizmos" using AI prompts, which respond to touch, phone tilt, and include multi...
