Topic
us market
Technology Chinese AI Models Gain Ground in US Market on Affordability and Performance
Chinese AI models are making significant inroads in the US market, with enterprise users like Mozilla and Coinbase adopting them for cost savings. The trend has sparked accusations of technology distillation from US rivals, while Chinese companies continue to release competitive models. Market data shows strong download growth.
SK Hynix raises $26.5bn in record US share sale, tapping AI chip demand
SK Hynix raised $26.5bn in a New York share offering, the largest ever by a foreign firm in the US. The South Korean chipmaker, a key Nvidia supplier, sold 177.9 million American depositary shares at $149 each, with demand reportedly over seven times the available shares. The listing gives US investors direct access to the AI chip boom without trading overseas.
Trade Chinese Smartphones Banned or Shelved: The Best Phones You Can’t Officially Buy in the US
A range of flagship Chinese smartphones remain unavailable for official purchase in the United States due to trade bans and market strategies. Devices from Xiaomi, Oppo, Honor, Infinix, and others offer cutting-edge specs but require import for US buyers.
Business Friday's US Market Selloff to Weigh on Dalal Street Sentiment, Analysts Warn
A sharp selloff in US markets on Friday, led by a 4.2% plunge in the Nasdaq, is expected to weigh on Indian stocks on Monday. Foreign portfolio investors (FPIs) have already net sold nearly Rs 43,000 crore in June, pushing 2026 outflows to a record Rs 3 lakh crore. Analysts say the AI-driven rally that diverted foreign capital away from India may be losing steam, potentially prompting a reversal.
Business Mint Mobile Enhances Data Plans Without Price Hike
Mint Mobile has increased the data allowances on its non-unlimited plans without raising prices, making its offerings more competitive. The entry-level plan now offers 6GB for $15 per month, while the 15GB and 20GB plans have been increased to 17GB and 23GB, respectively.