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Enflame Plans $892 Million Shanghai IPO, Offering 43 Million Shares as China’s AI Chip Race Heats Up
China’s AI chip race is entering another busy phase as Enflame Technology targets a 6 billion yuan ($892 million) Shanghai IPO. The Tencent-backed chipmaker plans to issue 43.04 million new shares, with subscriptions set to open on September 2, 2026. Price consultations will start on August 28. The offering comes as Chinese AI chipmakers draw…

Alibaba Falls 8% After Pricing 710 Million New Shares at 8.4% Discount
Alibaba shares fell about 8% in early Hong Kong trading on August 24, 2026, after the company priced 710 million new shares at HK112.70each.ThedealwillraiseHK80 billion ($10.21 billion) to support its artificial intelligence plans. The 8.4% discount has raised concerns about shareholder dilution and the cost of Alibaba’s expanding AI spending. Investors are now weighing the…

ACE Robotics CEO: Humanoid Robot Brains to Reach ‘ChatGPT Moment’ by Late 2027 via Embodied AI
Humanoid robots could be heading toward a major advance in AI. On August 21, 2026, ACE Robotics Chairman Wang Xiaogang said embodied AI may reach a “ChatGPT moment” by the end of 2027. The aim is to help robots understand and respond to unfamiliar real-world situations instead of simply following fixed commands. As world models…

TGS Jumps 2.3% on Brunei Data Brokerage Contract Award
TGS awarded data brokerage rights for offshore Brunei block by Petroleum Authority. Stock rises 2.3% on new contract to market 3D seismic and well data.

Tech Stocks to Watch: Alphabet Lifts 2026 Capex Forecast to $195B-205B
Alphabet is spending more to keep up with demand for artificial intelligence. On July 22, 2026, the Google parent raised its 2026 capital expenditure forecast to $195 billion-$205 billion, up from $180 billion-$190 billion. The increase comes as Google Cloud revenue jumped 82% to $24.8 billion in the second quarter. As AI demand drives higher…

Fauci Adviser Morens Pleads Guilty to Hiding COVID Records on August 19
Dr. David Morens, former Fauci adviser, pleads guilty to conspiracy to conceal COVID-19 research records. Faces up to 5 years in prison; sentencing set for November 12.

Bitcoin Surges 7.1% to $71,880 as Trump Pushes Crypto Clarity Act on August 20
Bitcoin jumped 7.1% to $71,880 on August 20 after Trump called for passage of the Clarity Act at a White House crypto event and the Treasury doubled bond buybacks.

Jennifer Hegseth’s Pentagon Role Sparks Controversy on August 20
Jennifer Hegseth, Defense Secretary Pete Hegseth’s wife, has become his most influential Pentagon adviser, attending sensitive meetings and helping shape press policies. Former Pentagon officials call her role unprecedented and concerning.

Alibaba Sells Lingxi Games for $1.5B, Pivots to AI on August 20
Alibaba sells gaming unit Lingxi Games to Trustar Capital for USD 1.5 billion, redirecting capital to AI and cloud infrastructure as part of CEO Wu Yongming’s business restructuring.