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Z.ai reports $142 million first-half revenue, below projection

Bloomberg reported that Z.ai's first-half 2026 revenue rose 400% to about $142 million, below its $200 million projection. The summary said the company's losses persisted and that its market value had surged 800% since its January listing, peaking at $137 billion.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
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AI Infrastructure
AI Infrastructure

VMware introduces private AI cloud platform for on-premises workloads

VMware and owner Broadcom introduced VMware Private AI Cloud and its AI Factory model-as-a-service offering at VMware Explore 2026. The platform builds on VMware Cloud Foundation 9 with validated AI-ready hardware nodes, support f...

AI Products
AI Products

SpaceX reportedly agrees to acquire Cursor developer Anysphere

SpaceX has agreed to acquire Anysphere, the company behind AI coding platform Cursor, in a transaction valued at $60 billion, according to the Times of India article. The article says SpaceX had an option, announced in April, to ...

Products
Products

AWS signs deal to acquire DuckDB developer DuckLabs

Amazon Web Services said it has signed a definitive agreement to acquire Amsterdam-based DuckLabs, the company behind DuckDB, an open-source analytical database. AWS said DuckDB will remain open source under its independent founda...

AI Products
AI Products

Nvidia invests $3.5 billion in MediaTek and expands NVLink collaboration

Nvidia said it invested $3.5 billion in MediaTek convertible bonds as the companies expanded their semiconductor collaboration across AI infrastructure, local computing and automotive platforms. MediaTek will adopt Nvidia's NVLink...

Products Policy
Products Policy

FTC and 22 states sue Amazon over ad-auction pricing

The FTC and 22 states filed a lawsuit accusing Amazon of secretly raising prices in its advertising auctions. The complaint alleges that, starting in 2019, Amazon added a hidden soft reserve price to Sponsored Products auctions an...