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1
LumApps, which makes intranet software, agrees to merge with frontline staff communication app Beekeeper in a deal valuing the combined entity at about $1.1B (Reuters)

2025-07-04 23:55:01                reuters.com

Reuters: LumApps, which makes intranet software, agrees to merge with frontline staff communication app Beekeeper in a deal valuing the combined entity at about $1.1B  —  A merger between French business software provider LumApps and its Swiss peer Beekeeper will create a new unicorn worth about $1.1 billion, the two companies said.

2
Doc: UK's Independent Publishers Alliance files an antitrust complaint with EU and the UK CMA against Google, alleging misuse of web content for AI Overviews (Foo Yun Chee/Reuters)

2025-07-04 13:50:00                reuters.com

Foo Yun Chee / Reuters: Doc: UK's Independent Publishers Alliance files an antitrust complaint with EU and the UK CMA against Google, alleging misuse of web content for AI Overviews  —  Alphabet's (GOOGL.O) Google has been hit by an EU antitrust complaint over its AI Overviews from a group of independent publishers …

3
The EU says it has no plans to pause the implementation of the AI Act, after Meta, Google, Mistral, ASML, and others urged it to delay the rules by years (Foo Yun Chee/Reuters)

2025-07-04 08:00:53                reuters.com

Foo Yun Chee / Reuters: The EU says it has no plans to pause the implementation of the AI Act, after Meta, Google, Mistral, ASML, and others urged it to delay the rules by years  —  The European Union's landmark rules on artificial intelligence will be implemented according to the timeline agreed by legislators and EU countries …

4
Sources: JD.com and Ant are lobbying the People's Bank of China to authorize yuan-based, Hong Kong-issued stablecoins to promote the yuan and counter USD coins (Reuters)

2025-07-03 07:15:15                reuters.com

Reuters: Sources: JD.com and Ant are lobbying the People's Bank of China to authorize yuan-based, Hong Kong-issued stablecoins to promote the yuan and counter USD coins  —  China's tech giants JD.com and Alibaba affiliate Ant Group are urging the central bank to authorise yuan-based stablecoins …

5
A US judge rules that Huawei must face criminal charges in an indictment alleging racketeering, stealing trade secrets, and bank fraud tied to Iran sanctions (Jonathan Stempel/Reuters)

2025-07-02 05:40:00                reuters.com

Jonathan Stempel / Reuters: A US judge rules that Huawei must face criminal charges in an indictment alleging racketeering, stealing trade secrets, and bank fraud tied to Iran sanctions  —  A U.S. judge on Tuesday rejected Huawei Technologies' bid to dismiss most of a federal indictment accusing the Chinese telecommunications company …

6
Grammarly acquires email startup Superhuman as part of a push to build an AI-powered productivity suite; Superhuman was last valued at $825M in 2021 (Krystal Hu/Reuters)

2025-07-01 09:30:01                reuters.com

Krystal Hu / Reuters: Grammarly acquires email startup Superhuman as part of a push to build an AI-powered productivity suite; Superhuman was last valued at $825M in 2021  —  Grammarly has acquired email efficiency tool Superhuman as part of the company's push to build an artificial intelligence-powered productivity suite …

7
Google warns that the DMA is hampering innovation for EU users, asks regulators for more detailed guidance and critics to provide evidence to prove their case (Foo Yun Chee/Reuters)

2025-07-01 05:45:01                reuters.com

Foo Yun Chee / Reuters: Google warns that the DMA is hampering innovation for EU users, asks regulators for more detailed guidance and critics to provide evidence to prove their case  —  Alphabet's (GOOGL.O) Google will on Tuesday warn EU antitrust regulators and its critics that landmark European Union rules aimed …

8
Europol says it has dismantled a crypto investment fraud ring in Spain that laundered €460M using a global network of accomplices, and five people were arrested (Sudip Kar-Gupta/Reuters)

2025-06-30 09:45:00                reuters.com

Sudip Kar-Gupta / Reuters: Europol says it has dismantled a crypto investment fraud ring in Spain that laundered €460M using a global network of accomplices, and five people were arrested  —  A cryptocurrency investment fraud ring that investigators said laundered 460 million euros ($540 million) …

9
Indian digital payments company Pine Labs files for an IPO in India to raise up to ~$304M; source: Pine Labs is seeking a valuation of between $5B and $6B (Vivek Kumar M/Reuters)

2025-06-27 20:30:01                reuters.com

Vivek Kumar M / Reuters: Indian digital payments company Pine Labs files for an IPO in India to raise up to ~$304M; source: Pine Labs is seeking a valuation of between $5B and $6B  —  Indian fintech firm Pine Labs' PINL.NS initial public offering could be worth about $1 billion and the company is seeking a valuation …

10
Sources: Trump is planning EOs on July 23 to help US AI growth, including easing grid access for new power projects and offering federal land for data centers (Reuters)

2025-06-27 10:25:02                reuters.com

Reuters: Sources: Trump is planning EOs on July 23 to help US AI growth, including easing grid access for new power projects and offering federal land for data centers  —  The Trump administration is readying a package of executive actions aimed at boosting energy supply to power the U.S. expansion …

11
Sources: Shein plans to file confidentially for a Hong Kong IPO; filing confidentially remains relatively rare in Hong Kong (Reuters)

2025-06-27 08:20:00                reuters.com

Reuters: Sources: Shein plans to file confidentially for a Hong Kong IPO; filing confidentially remains relatively rare in Hong Kong  —  China-founded fast-fashion retailer Shein plans to file a draft prospectus confidentially for its Hong Kong listing, marking a rare departure from the usual practice …

12
Germany's DPC says DeepSeek's app illegally transfers user data to China and asks Apple and Google to block it from their app stores in the country (Reuters)

2025-06-27 06:30:02                reuters.com

Reuters: Germany's DPC says DeepSeek's app illegally transfers user data to China and asks Apple and Google to block it from their app stores in the country  —  Germany has taken steps towards blocking Chinese AI startup DeepSeek from the Apple (AAPL.O) and Google (GOOGL.O) app stores due to concerns …

13
European Commission says Meta has proposed limited changes to its pay-or-consent ad model, and Meta faces daily fines if it determines they are not sufficient (Reuters)

2025-06-27 05:50:02                reuters.com

Reuters: European Commission says Meta has proposed limited changes to its pay-or-consent ad model, and Meta faces daily fines if it determines they are not sufficient  —  Meta Platforms made only limited changes to its pay-or-consent model, and EU regulators cannot confirm compliance with an antitrust order.

14
Corporate travel and expense management service Navan, formerly known as TripActions, confidentially files for a US IPO; it was valued at $9.2B in October 2022 (Pritam Biswas/Reuters)

2025-06-20 22:50:01                reuters.com

Pritam Biswas / Reuters: Corporate travel and expense management service Navan, formerly known as TripActions, confidentially files for a US IPO; it was valued at $9.2B in October 2022  —  Corporate travel and expense company Navan said on Friday it had confidentially filed for a U.S. initial public offering …

15
Sources: Foxconn and Nvidia are in talks to deploy humanoid robots at a new Foxconn factory in Houston by Q1 2026 to produce Nvidia AI servers (Wen-Yee Lee/Reuters)

2025-06-20 07:55:09                reuters.com

Wen-Yee Lee / Reuters: Sources: Foxconn and Nvidia are in talks to deploy humanoid robots at a new Foxconn factory in Houston by Q1 2026 to produce Nvidia AI servers  —  Taiwan's Foxconn (2317.TW) and U.S. artificial intelligence chips maker Nvidia (NVDA.O) are in talks to deploy humanoid robots at a new Foxconn factory …

16
South Korea's SK Group and AWS will invest ~$5.1B including $4B from AWS to build a 100 MW AI data center in Ulsan by 2029, and plan to expand capacity to 1 GW (Reuters)

2025-06-20 06:45:00                reuters.com

Reuters: South Korea's SK Group and AWS will invest ~$5.1B including $4B from AWS to build a 100 MW AI data center in Ulsan by 2029, and plan to expand capacity to 1 GW  —  South Korea's SK Group will invest around 7 trillion won ($5.11 billion) including $4 billion from Amazon Web Services …

17
China's 618 mid-year shopping festival, which ran from May 13 to June 18, ended without much fanfare despite deep discounts, as consumers have economic concerns (Reuters)

2025-06-19 06:20:00                reuters.com

Reuters: China's 618 mid-year shopping festival, which ran from May 13 to June 18, ended without much fanfare despite deep discounts, as consumers have economic concerns  —  China's biggest mid-year shopping festival, 618, ended on Wednesday evening without much fanfare after more than a month …

18
The UK CMA opens an investigation into the planned $13.25B merger of ad giants Omnicom and Interpublic to assess potential lower competition in the UK ad market (DhanushVignesh Babu/Reuters)

2025-06-16 08:35:01                reuters.com

DhanushVignesh Babu / Reuters: The UK CMA opens an investigation into the planned $13.25B merger of ad giants Omnicom and Interpublic to assess potential lower competition in the UK ad market  —  Britain's competition watchdog on Monday launched a probe into the proposed merger between advertising giants Omnicom and Interpublic …

19
Dealogic: tech deals accounted for $421B of the $1.67T in global deals announced in the first five months of 2025, with 75% of tech M&A involving AI software (Milana Vinn/Reuters)

2025-06-15 09:35:00                reuters.com

Milana Vinn / Reuters: Dealogic: tech deals accounted for $421B of the $1.67T in global deals announced in the first five months of 2025, with 75% of tech M&A involving AI software  —  Weighed down by tariffs and geopolitical uncertainty, dealmaking has slowed to a crawl across most industries except one: the unglamorous world of data infrastructure.

20
Sources: Google, Scale AI's largest customer, plans to cut ties with the company after the Meta deal; Microsoft, OpenAI, and xAI also plan to step back (Reuters)

2025-06-13 18:15:01                reuters.com

Reuters: Sources: Google, Scale AI's largest customer, plans to cut ties with the company after the Meta deal; Microsoft, OpenAI, and xAI also plan to step back  —  Alphabet's (GOOGL.O) Google, the largest customer of Scale AI, plans to cut ties with Scale after news broke that rival Meta (META.O) …

21
Customs data shows Foxconn exported $3.2B worth of iPhones from India between March and May, with an average 97% to the US, up from a 2024 average of 50.3% (Reuters)

2025-06-13 00:40:00                reuters.com

Reuters: Customs data shows Foxconn exported $3.2B worth of iPhones from India between March and May, with an average 97% to the US, up from a 2024 average of 50.3%  —  Nearly all the iPhones exported by Foxconn from India went to the United States between March and May, customs data showed …

22
Cloud computing startup Crusoe plans to buy ~$400M worth of AI chips from AMD to rent to customers for its US data center that will come online by fall (Max A. Cherney/Reuters)

2025-06-12 22:00:00                reuters.com

Max A. Cherney / Reuters: Cloud computing startup Crusoe plans to buy ~$400M worth of AI chips from AMD to rent to customers for its US data center that will come online by fall  —  Crusoe CEO Chase Lochmiller said on Thursday the artificial intelligence data center builder planned to purchase roughly $400 million worth …

23
Meta and TikTok challenge the EU's DSA supervisory fee, set at 0.05% of annual global net income, in the EU's General Court, arguing it is disproportionate (Foo Yun Chee/Reuters)

2025-06-11 07:30:01                reuters.com

Foo Yun Chee / Reuters: Meta and TikTok challenge the EU's DSA supervisory fee, set at 0.05% of annual global net income, in the EU's General Court, arguing it is disproportionate  —  Meta Platforms (META.O) and TikTok said a European Union supervisory fee levied on them was disproportionate and based on a flawed methodology …

24
Linear, which makes software development and project planning tools that rival Atlassian's Jira, raised an $82M Series C led by Accel, valuing it at $1.25B (Anna Tong/Reuters)

2025-06-10 10:20:02                reuters.com

Anna Tong / Reuters: Linear, which makes software development and project planning tools that rival Atlassian's Jira, raised an $82M Series C led by Accel, valuing it at $1.25B  —  Enterprise software maker Linear has raised an $82 million Series C funding round valuing the startup at $1.25 billion, the company said on Tuesday.

25
Sources: OpenAI plans to add Google Cloud to meet its growing needs for computing capacity, a surprising collaboration; source: the deal was finalized in May (Reuters)

2025-06-10 09:56:18                reuters.com

Reuters: Sources: OpenAI plans to add Google Cloud to meet its growing needs for computing capacity, a surprising collaboration; source: the deal was finalized in May  —  OpenAI plans to add Alphabet's (GOOGL.O) Google cloud service to meet its growing needs for computing capacity, three sources told Reuters …

26
Ofcom launches nine Online Safety Act investigations, including into 4chan over alleged illegal content and into seven file-sharing services over possible CSAM (Sam Tabahriti/Reuters)

2025-06-10 07:20:01                reuters.com

Sam Tabahriti / Reuters: Ofcom launches nine Online Safety Act investigations, including into 4chan over alleged illegal content and into seven file-sharing services over possible CSAM  —  Britain's media regulator Ofcom on Tuesday launched nine investigations over possible breaches of online safety laws …

27
Sources: Shein and Reliance plan to expand their Indian supplier base from 150 to 1,000 and sell India-made, Shein-branded clothes globally within 12 months (Reuters)

2025-06-09 07:05:00                reuters.com

Reuters: Sources: Shein and Reliance plan to expand their Indian supplier base from 150 to 1,000 and sell India-made, Shein-branded clothes globally within 12 months  —  Fashion retailer Shein and partner Reliance Retail plan to rapidly expand their Indian supplier base and start international sales …

28
The UK Financial Conduct Authority partners with Nvidia to debut a Supercharged Sandbox in which financial companies can test AI tools, starting in October 2025 (Sam Tabahriti/Reuters)

2025-06-09 06:20:00                reuters.com

Sam Tabahriti / Reuters: The UK Financial Conduct Authority partners with Nvidia to debut a Supercharged Sandbox in which financial companies can test AI tools, starting in October 2025  —  Financial firms in Britain will be able to test artificial intelligence tools later this year in a regulatory “sandbox” …

29
Getty's copyright lawsuit against Stability AI begins at London's High Court, accusing it of unlawfully scraping millions of images; Stability denies the claims (Sam Tobin/Reuters)

2025-06-09 05:30:01                reuters.com

Sam Tobin / Reuters: Getty's copyright lawsuit against Stability AI begins at London's High Court, accusing it of unlawfully scraping millions of images; Stability denies the claims  —  Getty Images' landmark copyright lawsuit against artificial intelligence company Stability AI begins at London's High Court on Monday …

30
Walmart's Flipkart secures a lending license from the RBI, letting the e-commerce company offer loans directly to Indian customers and sellers on its platform (Ashwin Manikandan/Reuters)

2025-06-07 00:20:00                reuters.com

Ashwin Manikandan / Reuters: Walmart's Flipkart secures a lending license from the RBI, letting the e-commerce company offer loans directly to Indian customers and sellers on its platform  —  Walmart's (WMT.N) Flipkart has secured a lending licence from the Indian central bank and banking regulator …

31
OpenAI appeals a court order in The New York Times case requiring it to keep ChatGPT outputs indefinitely, saying it conflicts with its user privacy commitments (Reuters)

2025-06-06 01:05:01                reuters.com

Reuters: OpenAI appeals a court order in The New York Times case requiring it to keep ChatGPT outputs indefinitely, saying it conflicts with its user privacy commitments  —  OpenAI is appealing an order in a copyright case brought by the New York Times that requires it to preserve ChatGPT output data indefinitely …

32
Source: Apple expands its Tata partnership in India by assigning it the iPhone and MacBook after-sales repair business, taking over from Taiwan's Wistron (Munsif Vengattil/Reuters)

2025-06-05 07:50:01                reuters.com

Munsif Vengattil / Reuters: Source: Apple expands its Tata partnership in India by assigning it the iPhone and MacBook after-sales repair business, taking over from Taiwan's Wistron  —  Apple has brought in Tata Group to handle repairs for iPhones and MacBook devices in its fast-growing Indian market …

33
Didi reports Q1 revenue up 8.5% YoY to ~$7.4B, a ~$334M net income, up from a ~$194M loss YoY, transactions up 10% YoY to 3.3B, and ~$418M international revenue (Reuters)

2025-06-05 06:30:02                reuters.com

Reuters: Didi reports Q1 revenue up 8.5% YoY to ~$7.4B, a ~$334M net income, up from a ~$194M loss YoY, transactions up 10% YoY to 3.3B, and ~$418M international revenue  —  Chinese ride-hailing company Didi Global reported an 8.5% rise in revenue in the first quarter of 2025 to 53.3 billion yuan …

34
Microsoft launches a free cybersecurity program for European governments to boost defenses against AI-enhanced threats, particularly state-sponsored attacks (Supantha Mukherjee/Reuters)

2025-06-04 09:45:01                reuters.com

Supantha Mukherjee / Reuters: Microsoft launches a free cybersecurity program for European governments to boost defenses against AI-enhanced threats, particularly state-sponsored attacks  —  Microsoft (MSFT.O) is offering free of charge to European governments a cybersecurity programme, launched on Wednesday …

35
Brookfield says it plans to invest ~$10B to build an AI data center in the Swedish city of Strangnas, after committing to spend €20B in France earlier in 2025 (Supantha Mukherjee/Reuters)

2025-06-04 07:30:03                reuters.com

Supantha Mukherjee / Reuters: Brookfield says it plans to invest ~$10B to build an AI data center in the Swedish city of Strangnas, after committing to spend €20B in France earlier in 2025  —  Brookfield Asset Management (BAM.TO) plans to invest up to 95 billion Swedish crowns ($9.9 billion) to build a data centre …

36
Nokia, Nvidia, Safran, and 40+ organizations plan to build an EU-funded unmanned drone project to protect critical infrastructure, set to launch in three years (Nathan Vifflin/Reuters)

2025-06-04 05:35:23                reuters.com

Nathan Vifflin / Reuters: Nokia, Nvidia, Safran, and 40+ organizations plan to build an EU-funded unmanned drone project to protect critical infrastructure, set to launch in three years  —  A consortium of more than 42 organizations, led by Nokia (NOKIA.HE), will work on an unmanned drone project aimed at protecting …

37
UK neobank Monzo reports FY 2025 revenue up 48% YoY to £1.2B, pretax profit up 335% YoY to £60.5M, deposits up 48% YoY to £16.6B, and users up 25% YoY to 12.2M (Yadarisa Shabong/Reuters)

2025-06-02 06:05:02                reuters.com

Yadarisa Shabong / Reuters: UK neobank Monzo reports FY 2025 revenue up 48% YoY to £1.2B, pretax profit up 335% YoY to £60.5M, deposits up 48% YoY to £16.6B, and users up 25% YoY to 12.2M  —  Monzo reported revenue above 1 billion pounds ($1.35 billion) for the first time and a sharp rise in annual profit …

38
Sources: Anthropic's annualized revenue hit ~$3B at the end of May, driven by business demand, up from $2B around the end of March and ~$1B in December 2024 (Reuters)

2025-05-30 19:05:01                reuters.com

Reuters: Sources: Anthropic's annualized revenue hit ~$3B at the end of May, driven by business demand, up from $2B around the end of March and ~$1B in December 2024  —  Artificial intelligence developer Anthropic is making about $3 billion in annualized revenue, according to two sources familiar with the matter …

39
Letter: Synopsys tells staff to stop sales, services, and new orders in China to comply with new US export curbs, and pulls its annual and quarterly forecasts (Reuters)

2025-05-30 07:35:01                reuters.com

Reuters: Letter: Synopsys tells staff to stop sales, services, and new orders in China to comply with new US export curbs, and pulls its annual and quarterly forecasts  —  Semiconductor design software firm Synopsys (SNPS.O) has told staff in China to halt services and sales in the country and stop taking …

40
The US Department of Energy says its Doudna supercomputer, due in 2026, will use Nvidia's latest Vera Rubin chips built into liquid-cooled servers by Dell (Stephen Nellis/Reuters)

2025-05-29 21:20:01                reuters.com

Stephen Nellis / Reuters: The US Department of Energy says its Doudna supercomputer, due in 2026, will use Nvidia's latest Vera Rubin chips built into liquid-cooled servers by Dell  —  The U.S. Department of Energy on Thursday said its “Doudna” due in 2026 will use technology from Nvidia and Dell.

41
Marvell reports Q1 revenue up 63% YoY to $1.9B, vs. $1.88B est., data center revenue up 76% YoY to $1.44B, and forecasts Q2 revenue above est. on AI chip demand (Priyanka G/Reuters)

2025-05-29 18:55:02                reuters.com

Priyanka G / Reuters: Marvell reports Q1 revenue up 63% YoY to $1.9B, vs. $1.88B est., data center revenue up 76% YoY to $1.44B, and forecasts Q2 revenue above est. on AI chip demand  —  Marvell Technology (MRVL.O) forecast second-quarter revenue above Wall Street estimates on Thursday, betting on strong demand …

42
Sources: Shein is shifting its IPO plans from London to Hong Kong after failing to secure approval from Chinese regulators, and aims to file in the coming weeks (Reuters)

2025-05-28 09:35:00                reuters.com

Reuters: Sources: Shein is shifting its IPO plans from London to Hong Kong after failing to secure approval from Chinese regulators, and aims to file in the coming weeks  —  Shein is working towards a listing in Hong Kong after the online fast-fashion retailer's proposed initial public offering (IPO) …

43
Global Payments says it will sell its Heartland Payroll Solutions unit, which has 50K+ clients, to Michigan-based fintech Acrisure for $1.1B, closing in H2 2025 (Reuters)

2025-05-28 08:45:57                reuters.com

Reuters: Global Payments says it will sell its Heartland Payroll Solutions unit, which has 50K+ clients, to Michigan-based fintech Acrisure for $1.1B, closing in H2 2025  —  Global Payments (GPN.N) said on Wednesday it would sell its payroll division, Heartland Payroll Solutions …

44
Capgemini says it is partnering with SAP to deploy custom Mistral AI tools for industries with stringent data requirements, such as aerospace and defense (Leo Marchandon/Reuters)

2025-05-26 07:20:01                reuters.com

Leo Marchandon / Reuters: Capgemini says it is partnering with SAP to deploy custom Mistral AI tools for industries with stringent data requirements, such as aerospace and defense  —  French IT firm Capgemini (CAPP.PA) said on Monday it was partnering with Germany's SAP (SAPG.DE) to deploy custom Mistral AI solutions for sensitive industries.

45
Sources: Foxconn is among potential bidders for Singapore-based semiconductor assembly and testing firm UTAC in a deal that could value the company at ~$3B (Kane Wu/Reuters)

2025-05-23 09:10:00                reuters.com

Kane Wu / Reuters: Sources: Foxconn is among potential bidders for Singapore-based semiconductor assembly and testing firm UTAC in a deal that could value the company at ~$3B  —  Taiwan's Foxconn (2317.TW) is among potential bidders for the Singaporean semiconductor assembly and testing business UTAC Holdings …

46
Sources: DOGE is using a customized Grok to analyze US government data, including at DHS where it has not been approved, raising security and privacy concerns (Reuters)

2025-05-23 07:10:03                reuters.com

Reuters: Sources: DOGE is using a customized Grok to analyze US government data, including at DHS where it has not been approved, raising security and privacy concerns  —  Billionaire Elon Musk's DOGE team is expanding use of his artificial intelligence chatbot Grok in the U.S. federal government to analyze data …

47
Distributed Denial of Secrets: the TeleMessage hacker stole messages from 60+ US government users covering about one day ending on May 4, including travel plans (Reuters)

2025-05-21 07:30:01                reuters.com

Reuters: Distributed Denial of Secrets: the TeleMessage hacker stole messages from 60+ US government users covering about one day ending on May 4, including travel plans  —  A hacker who breached the communications service used by former Trump national security adviser Mike Waltz earlier …

48
Sources: Intel is considering divesting its networking and edge businesses, which generated $5.8B in 2024 revenue, to focus on PC and data center chips (Reuters)

2025-05-20 09:35:03                reuters.com

Reuters: Sources: Intel is considering divesting its networking and edge businesses, which generated $5.8B in 2024 revenue, to focus on PC and data center chips  —  Intel has considered divesting its network and edge businesses as the chipmaker looks to shave off parts of the company its new chief executive does …

49
China says the US must "immediately correct its wrongdoings" and stop "discriminatory" measures, after US guidance warning companies not to use Chinese AI chips (Reuters)

2025-05-19 10:10:01                reuters.com

Reuters: China says the US must “immediately correct its wrongdoings” and stop “discriminatory” measures, after US guidance warning companies not to use Chinese AI chips  —  China on Monday urged the United States to “immediately correct its wrongdoings” and stop “discriminatory” …

50
Xiaomi CEO Lei Jun says on Weibo that Xiaomi invested ~$1.9B to build its Xring O1 chip and plans to invest $6.9B+ in chip design over at least the next decade (Reuters)

2025-05-19 05:40:04                reuters.com

Reuters: Xiaomi CEO Lei Jun says on Weibo that Xiaomi invested ~$1.9B to build its Xring O1 chip and plans to invest $6.9B+ in chip design over at least the next decade  —  China's Xiaomi will launch its highly-anticipated YU7 electric sports utility vehicle on Thursday, as well as other products …