MiniMax, a major Chinese generative AI firm, is set to start trading after a $619 million IPO. Its performance will be a key test of investor appetite for AI software companies in a market that has so far favored hardware plays like chipmakers.
The price of privacy-focused cryptocurrency Zcash fell over 20% overnight following the resignation of its entire core development team. The developers left the Electric Coin Company, accusing the board of misalignment with Zcash’s mission.
Nvidia is reportedly demanding Chinese customers pay up front for H200 AI chips with no refunds if Beijing blocks the imports. This comes as ByteDance plans to spend $14 billion on them in 2026, but Nvidia faces a major inventory and production gamble.
France’s Ministry of the Armed Forces has signed a framework agreement with Paris-based Mistral AI. The deal allows military and affiliated agencies to use Mistral’s models, with deployment on French infrastructure for data control.
A major Finnish data center project has a new majority owner. Norwegian renewable energy investor Magnora has taken a 70% stake in the planned 120MW facility in Hämeenlinna, with construction expected to begin by the end of 2026.
US hedge fund manager Boaz Weinstein is taking another run at the Edinburgh Worldwide Investment Trust, amassing a 30% stake. His campaign highlights a surge in activist investors targeting UK companies, forcing boards to defend their strategies publicly.
According to a new leak, Samsung will unveil the Galaxy S26 series on February 25th, with sales likely starting around March 13th. However, the company is reportedly still debating a price increase of $31 to $62 per model, which could push the S26 Ultra over $1,350.
Virginia’s data center tax exemptions cost the state $1.6 billion in lost revenue for fiscal year 2025, a massive 118% increase from the year before. The program, which offers breaks for investments as low as $70 million, is now under scrutiny as its cost dwarfs all other state incentives.
Fusion power is moving from science project to construction site. Commonwealth Fusion Systems is building its SPARC demonstration plant, using AI from Siemens and Nvidia, and aims for first plasma energy in 2027.
The global memory market is on a tear, with revenue expected to jump by over 20% in 2025 and a staggering 40%+ in 2026. AI-driven demand for High Bandwidth Memory (HBM) and shortages in general-purpose chips are creating a perfect storm for growth.
