Sources: Singapore-based Shein is aiming to hit a ~$25B valuation in its Hong Kong IPO, down from its $30B-$40B goal earlier in August after investor meetings — Online fast-fashion retailer Shein is eyeing a company valuation of around $25 billion in its Hong Kong IPO …
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Analysis: nine top tech companies including Alphabet and Meta had ~$3T of AI-related off-balance-sheet commitments, far exceeding their $600B in reported capex — Massive spending commitments for data-center leases and chips aren't shown on companies' balance sheets
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AI film startups are setting up studios in Hollywood, using US and Chinese AI models while touting lower production costs and a way around traditional financing — Amid fears for jobs, some film-makers say AI could enable them bypass studio giants and take more creative risks
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How US industrial companies like Caterpillar, Cummins, Eaton, and Ford are pivoting their businesses to feed a booming AI data-center market for power equipment — Companies such as Caterpillar and Cummins are pivoting to feed a booming market for once-prosaic power equipment
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Qwen 3.8 27B shows a 17GB open-weight general purpose model can have long context, effective tool calling, strong vision ability, and competent code generation — Friday's big release was Qwen 3.8 27B, an Apache 2 licensed 27B parameter vision-capable LLM from Alibaba's Qwen research lab.
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