Cambricon's 2025 briefing signals growth potential amid rising AI demand; CEO Chen Tianshi stresses independent IP, industry backing, and long-term partnerships to manage competition, inventory, and pending litigation.

Gate News message, April 22 — Meta announced on April 21 that it has begun construction of a new data center in Oklahoma, a project worth more than $1 billion as the company expands computing infrastructure for AI. The facility is Meta's first data center in Oklahoma and its 28th in the United

Gate News message, April 22 — Jeff Bezos' AI company Project Prometheus is close to finalizing a $10 billion fundraising round from JPMorgan, BlackRock, and other institutional investors, according to The Financial Times, citing people familiar with the matter. The funding round values the company a

Gate News message, April 21 — On Tuesday, Donald Trump said he would be disappointed if Kevin Warsh, his nominee for Federal Reserve chair, takes office following Senate approval but does not cut interest rates as soon as next month. The central bank has not cut rates in 2026. Trump also pressured W

Gate News message, April 21 — Chinese industrial materials company ST Huarong (600421.SH) surged to the daily limit on April 21, closing at 5.55 yuan per share. However, on the same day, the company announced a dramatic reversal of its 2025 earnings forecast, shifting from projected profitability to

Russia proposes a law criminalizing unregistered crypto activity and bypassing the central bank, with up to seven years' forced labor; fines for individuals and operators; most transactions to run through banks, effective July 1, 2027.

Gate News message, April 21 — Qualcomm CEO Cristiano Amon recently met with executives from Samsung Electronics, SK Hynix, and LG Electronics to discuss memory supply, chip manufacturing, and AI partnerships. The talks centered on addressing Qualcomm's tight LPDDR memory supply as demand for AI

Jeff Bezos' AI startup, Project Prometheus, is nearing a $10 billion funding round, valued at $38 billion, with major backers like JPMorgan and BlackRock. The funds will enhance in-house AI models and support a $100 billion fund for industrial acquisitions.

India and South Korea signed a trade agreement to boost bilateral trade to $50 billion by 2030, doubling current figures. The deal covers various sectors and includes the establishment of an Industrial Cooperation Committee to enhance investment and collaboration.

Towngas has partnered with Tencent to enhance its cloud systems and AI applications, expanding upon their 2020 collaboration. The partnership focuses on a smart energy platform and data analytics to streamline operations and improve customer service in the energy sector.