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Shares of MiniMax Group, one of China’s so-called “AI tigers,” surged on their first day of trading in Hong Kong on Friday, with the stock more than doubling as investors piled into the consumer-focused artificial intelligence firm. MiniMax closed at HK$345 per share, compared with its offer price of HK$165, valuing the company at around […]
Meta Platforms said on Friday it has signed 20-year agreements to secure nuclear power from three U.S. plants operated by Vistra and to support the development of small modular reactor (SMR) projects with Oklo and TerraPower. The move underscores how large technology companies are seeking long-term electricity supplies as artificial intelligence workloads and data centres […]
Biotech software company Schrodinger said on Friday it is collaborating with pharmaceutical giant Eli Lilly to offer Lilly’s artificial intelligence–based drug discovery platform, TuneLab, through its software. Under the collaboration, Lilly’s TuneLab platform will be integrated into Schrodinger’s cloud-based drug design software LiveDesign, giving biotechnology companies direct access to AI tools designed to accelerate drug […]