Tech Digest: CXMT's Record Debut, Open-Source AI, and Amazon's Satellite Plans
Chinese RAM Company CXMT Makes $484 Billion Stock Market Debut
ChangXin Memory Technologies (CXMT) achieved a $484 billion valuation on its Shanghai stock exchange debut, with shares soaring 466% on the first day, positioning the Chinese firm as a potential challenger to established memory giants Samsung, Micron, and SK Hynix.
Read more: Chinese RAM company CXMT makes a $484 billion stock market debut
Why China Is Giving Away Its Best AI Models
Moonshot AI has released Kimi K3, a Chinese AI model that reportedly matches or exceeds the performance of leading US systems at significantly lower cost, with model weights freely available to developers worldwide.
Read more: Why China is giving away its best AI models
Amazon's Trying to Launch a Global Satellite Cellphone Network in 2028
Amazon has filed an FCC application to deploy a constellation of 5,105 low-Earth-orbit satellites providing direct-to-device service for voice, messaging, data, and emergency services, targeting a 2028 launch.
Read more: Amazon's trying to launch a global satellite cellphone network in 2028
Google's AI Search Is Rapidly Becoming the Default
Google's AI Overviews feature now appears in 43% of searches, marking a significant shift as AI-generated answers become the default way users discover information online.
Read more: Google's AI search is rapidly becoming the default, new data shows