China demands Netherlands resolve Nexperia chip dispute
China's commerce ministry on Wednesday demanded the Netherlands immediately correct its "mistakes" regarding Nexperia, accusing Dutch authorities of showing "absolutely no responsible attitude" toward the global semiconductor supply chain after the Netherlands seized control of the Chinese-owned chipmaker in September.
The Dutch government took control of Nexperia, a subsidiary of Chinese firm Wingtech, citing concerns about potential transfer of technology and company secrets to China, prompting Beijing to retaliate by blocking chip exports from Nexperia's facilities in China where most of its chips are packaged.
While Wingtech has initiated talks with court-appointed custodians overseeing the Netherlands-based chipmaker, Dutch Economic Affairs Minister Vincent Karremans has defended his intervention decision, with the dispute raising broader concerns about global semiconductor supply chain stability.
Red detailed
China's commerce ministry on Wednesday demanded the Netherlands immediately correct its "mistakes" regarding Nexperia, accusing Dutch authorities of showing "absolutely no responsible attitude" toward the global semiconductor supply chain after the Netherlands seized control of the Chinese-owned chipmaker in September.
The Dutch government took control of Nexperia, a subsidiary of Chinese firm Wingtech, citing concerns about potential transfer of technology and company secrets to China, prompting Beijing to retaliate by blocking chip exports from Nexperia's facilities in China where most of its chips are packaged.
While Wingtech has initiated talks with court-appointed custodians overseeing the Netherlands-based chipmaker, Dutch Economic Affairs Minister Vincent Karremans has defended his intervention decision, with the dispute raising broader concerns about global semiconductor supply chain stability.
Red detailed
Nvidia seeks to triple H200 output as China orders 2M chips
Nvidia has asked Taiwan Semiconductor Manufacturing Company to ramp up production of its H200 AI chips after Chinese tech companies ordered more than 2 million units for 2026, far exceeding Nvidia's current inventory of 700,000 units.
The Trump administration approved H200 exports to China in December with a 25% revenue-sharing fee, but Beijing has not yet cleared imports amid concerns that advanced foreign chips could hinder domestic semiconductor industry development.
Production at TSMC is expected to begin in the second quarter of 2026, with Nvidia planning to sell the chips for around $27,000 each as major Chinese internet companies view the H200 as a significant upgrade over currently available options.
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Nvidia has asked Taiwan Semiconductor Manufacturing Company to ramp up production of its H200 AI chips after Chinese tech companies ordered more than 2 million units for 2026, far exceeding Nvidia's current inventory of 700,000 units.
The Trump administration approved H200 exports to China in December with a 25% revenue-sharing fee, but Beijing has not yet cleared imports amid concerns that advanced foreign chips could hinder domestic semiconductor industry development.
Production at TSMC is expected to begin in the second quarter of 2026, with Nvidia planning to sell the chips for around $27,000 each as major Chinese internet companies view the H200 as a significant upgrade over currently available options.
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Nvidia ends 2025 with 92% GPU market share despite Blackwell launch problems
Nvidia launched its Blackwell RTX 5000 gaming graphics cards in 2025 with severe early problems including stock shortages that led to lottery systems at retailers, a hardware defect affecting approximately 0.5% of RTX 5090, 5080, and 5070 Ti units with missing rendering pipelines, and widespread driver bugs causing crashes and system failures.
Despite the troubled rollout, the chipmaker maintained its gaming GPU dominance with 92% discrete graphics card market share by Q3 and reached a historic $5 trillion valuation in October, driven primarily by AI chip demand.
The success of DLSS 4 technology with improved upscaling and frame generation helped Blackwell GPUs capture 7.5% of Steam's gaming PC install base by November, though concerns persist about VRAM limitations on mid-range models and rumors that Nvidia may prioritize lucrative AI products over gaming hardware in 2026.
Nvidia launched its Blackwell RTX 5000 gaming graphics cards in 2025 with severe early problems including stock shortages that led to lottery systems at retailers, a hardware defect affecting approximately 0.5% of RTX 5090, 5080, and 5070 Ti units with missing rendering pipelines, and widespread driver bugs causing crashes and system failures.
Despite the troubled rollout, the chipmaker maintained its gaming GPU dominance with 92% discrete graphics card market share by Q3 and reached a historic $5 trillion valuation in October, driven primarily by AI chip demand.
The success of DLSS 4 technology with improved upscaling and frame generation helped Blackwell GPUs capture 7.5% of Steam's gaming PC install base by November, though concerns persist about VRAM limitations on mid-range models and rumors that Nvidia may prioritize lucrative AI products over gaming hardware in 2026.
#OpenAI #AItalent #TechStartups
OpenAI Is Paying Employees More Than Any Major Tech Startup in History
OpenAI’s stock-based compensation shattered norms in 2025, averaging about $1.5M per employee.
Key highlights
• Average stock-based pay ≈ $1.5M per employee across ~4,000 staff
• Compensation far exceeds pre-IPO packages at peers (e.g., Google)
• OpenAI reportedly plans SBC rising ~$3B annually through 2030
• Policy shift: removing six-month vesting cliff could boost costs
Read More: OpenAI Is Paying Employees More Than Any Major Tech Startup in History
OpenAI Is Paying Employees More Than Any Major Tech Startup in History
OpenAI’s stock-based compensation shattered norms in 2025, averaging about $1.5M per employee.
Key highlights
• Average stock-based pay ≈ $1.5M per employee across ~4,000 staff
• Compensation far exceeds pre-IPO packages at peers (e.g., Google)
• OpenAI reportedly plans SBC rising ~$3B annually through 2030
• Policy shift: removing six-month vesting cliff could boost costs
Read More: OpenAI Is Paying Employees More Than Any Major Tech Startup in History
The Wall Street Journal
OpenAI Is Paying Employees More Than Any Major Tech Startup in History
The company’s stock-based compensation in 2025 reached an average of $1.5 million per employee.
China sets space record with 92 launches in 2025
China launched two experimental satellites, Shijian-29A and Shijian-29B, on December 31 from Wenchang Space Launch Center to test space-based target detection technologies used to track orbiting objects.
The launch marked China's 92nd orbital mission of 2025, setting a national record and capping a year in which the country placed 322 satellites in orbit—a 22 percent increase over 2024.
The launch surge is driven largely by two megaconstellation projects, Guowang and Qianfan, which aim to deploy thousands of satellites to compete with SpaceX's Starlink network for global broadband coverage.
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China launched two experimental satellites, Shijian-29A and Shijian-29B, on December 31 from Wenchang Space Launch Center to test space-based target detection technologies used to track orbiting objects.
The launch marked China's 92nd orbital mission of 2025, setting a national record and capping a year in which the country placed 322 satellites in orbit—a 22 percent increase over 2024.
The launch surge is driven largely by two megaconstellation projects, Guowang and Qianfan, which aim to deploy thousands of satellites to compete with SpaceX's Starlink network for global broadband coverage.
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China installs world's most powerful hypergravity centrifuge
China has delivered CHIEF1900, the world's most powerful hypergravity centrifuge with a capacity of 1,900 gravity-tonnes, to Zhejiang University for installation at its underground facility in Hangzhou, surpassing the previous record held by a U.S. Army Corps facility in Mississippi.
Developed by Shanghai Electric Nuclear Power Group and part of the $285 million CHIEF complex approved in 2021, the centrifuge will enable scientists to simulate catastrophic events like earthquakes and dam failures by compressing decades of stress into minutes through extreme gravitational forces.
The facility, located 15 meters underground to minimize vibrations, is designed as an international research platform for applications ranging from deep-ocean resource extraction to disaster mitigation and new materials synthesis.
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China has delivered CHIEF1900, the world's most powerful hypergravity centrifuge with a capacity of 1,900 gravity-tonnes, to Zhejiang University for installation at its underground facility in Hangzhou, surpassing the previous record held by a U.S. Army Corps facility in Mississippi.
Developed by Shanghai Electric Nuclear Power Group and part of the $285 million CHIEF complex approved in 2021, the centrifuge will enable scientists to simulate catastrophic events like earthquakes and dam failures by compressing decades of stress into minutes through extreme gravitational forces.
The facility, located 15 meters underground to minimize vibrations, is designed as an international research platform for applications ranging from deep-ocean resource extraction to disaster mitigation and new materials synthesis.
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Ukraine deploys AI drones that strike autonomously
Ukraine is deploying AI-powered autonomous drones that operate without human guidance after launch, marking what officials describe as the emergence of killer robots on the battlefield, with systems like the Bumblebee completing over 1,000 combat missions against Russian targets by bypassing electronic warfare jamming.
Former Google CEO Eric Schmidt has established Swift Beat, a secretive defense company that signed a partnership with Ukraine in July 2025 to produce hundreds of thousands of drones, with Ukrainian military sources crediting Schmidt's AI interceptor systems with downing roughly 90% of Russian Shahed drones intercepted by Ukrainian forces.
The autonomous drone technology allows weapons to adjust trajectory and speed independently after losing connection with operators, successfully striking targets where conventional human-operated drones failed due to Russian jamming technology across the nearly 800-mile front line throughout 2025.
Detailed
Ukraine is deploying AI-powered autonomous drones that operate without human guidance after launch, marking what officials describe as the emergence of killer robots on the battlefield, with systems like the Bumblebee completing over 1,000 combat missions against Russian targets by bypassing electronic warfare jamming.
Former Google CEO Eric Schmidt has established Swift Beat, a secretive defense company that signed a partnership with Ukraine in July 2025 to produce hundreds of thousands of drones, with Ukrainian military sources crediting Schmidt's AI interceptor systems with downing roughly 90% of Russian Shahed drones intercepted by Ukrainian forces.
The autonomous drone technology allows weapons to adjust trajectory and speed independently after losing connection with operators, successfully striking targets where conventional human-operated drones failed due to Russian jamming technology across the nearly 800-mile front line throughout 2025.
Detailed
Intel begins mass production using world's first High-NA EUV
Intel has moved its 18A node into high-volume production at Fab 52 in Arizona, using ASML’s first commercially deployed High-NA EUV tools to ramp advanced chipmaking in the U.S.
The High-NA (0.55 NA) systems enable ~8nm single-exposure patterning that can reduce multi-patterning complexity, while 18A also adds RibbonFET gate-all-around transistors and PowerVia backside power delivery aimed at boosting performance-per-watt.
External-customer momentum remains a key question after Reuters reported Nvidia paused 18A testing on Dec. 24, even as Intel points to interest from partners like Microsoft and the broader industry watches whether 18A can win foundry share from TSMC
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Intel has moved its 18A node into high-volume production at Fab 52 in Arizona, using ASML’s first commercially deployed High-NA EUV tools to ramp advanced chipmaking in the U.S.
The High-NA (0.55 NA) systems enable ~8nm single-exposure patterning that can reduce multi-patterning complexity, while 18A also adds RibbonFET gate-all-around transistors and PowerVia backside power delivery aimed at boosting performance-per-watt.
External-customer momentum remains a key question after Reuters reported Nvidia paused 18A testing on Dec. 24, even as Intel points to interest from partners like Microsoft and the broader industry watches whether 18A can win foundry share from TSMC
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xAI launches Grok Business and Enterprise for corporate market
xAI rolled out Grok Business and Grok Enterprise on December 30, 2025, offering organizational AI with enterprise-grade security and a guarantee that customer data will not be used for model training.
Grok Business is priced at $30 per seat per month for small-to-medium teams through self-serve onboarding, while Enterprise pricing is available upon request and includes Custom Single Sign-On, Directory Sync, and SOC 2 compliance.
The launch positions xAI to compete with OpenAI's ChatGPT Enterprise, which reportedly costs around $60 per user per month, and Anthropic's Claude Team at $30 per seat monthly.
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xAI rolled out Grok Business and Grok Enterprise on December 30, 2025, offering organizational AI with enterprise-grade security and a guarantee that customer data will not be used for model training.
Grok Business is priced at $30 per seat per month for small-to-medium teams through self-serve onboarding, while Enterprise pricing is available upon request and includes Custom Single Sign-On, Directory Sync, and SOC 2 compliance.
The launch positions xAI to compete with OpenAI's ChatGPT Enterprise, which reportedly costs around $60 per user per month, and Anthropic's Claude Team at $30 per seat monthly.
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U.S. grants TSMC annual license for chip gear exports to China
The U.S. Department of Commerce issued an annual export license to Taiwan Semiconductor Manufacturing allowing the chipmaker to import American manufacturing equipment to its Nanjing, China facility without requiring individual vendor licenses, the company announced Thursday.
The approval replaces a validated end-user waiver system that expired December 31, shifting from blanket permissions to annual licensing requirements that Washington also applied to Samsung and SK Hynix for their Chinese operations.
TSMC's Nanjing facility accounts for approximately 3% of the company's total capacity and produces older-generation chips using 16-nanometer, 12-nanometer, and 28-nanometer technologies, with the new license ensuring uninterrupted fabrication operations.
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The U.S. Department of Commerce issued an annual export license to Taiwan Semiconductor Manufacturing allowing the chipmaker to import American manufacturing equipment to its Nanjing, China facility without requiring individual vendor licenses, the company announced Thursday.
The approval replaces a validated end-user waiver system that expired December 31, shifting from blanket permissions to annual licensing requirements that Washington also applied to Samsung and SK Hynix for their Chinese operations.
TSMC's Nanjing facility accounts for approximately 3% of the company's total capacity and produces older-generation chips using 16-nanometer, 12-nanometer, and 28-nanometer technologies, with the new license ensuring uninterrupted fabrication operations.
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Meta hid scam ads from regulators instead of stopping them
Meta developed a "global playbook" to manage regulatory pressure over scam ads on Facebook and Instagram, using its Ad Library to make fraudulent content "untraceable" for regulators rather than implementing universal advertiser verification, according to internal documents reviewed by Reuters.
The company declined to spend an estimated $2 billion on universal verification—which could reduce scam ads by up to 29%—because it might cost up to 4.8% of revenue, instead adopting a "reactive only" approach that redirects blocked scam ads from regulated markets to unregulated ones.
The U.S. Virgin Islands filed a lawsuit against Meta on December 30 alleging the company "knowingly and intentionally" exposed users to fraud while profiting from scams, as U.S. senators called for federal investigation and the European Commission questioned Meta's compliance.
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Meta developed a "global playbook" to manage regulatory pressure over scam ads on Facebook and Instagram, using its Ad Library to make fraudulent content "untraceable" for regulators rather than implementing universal advertiser verification, according to internal documents reviewed by Reuters.
The company declined to spend an estimated $2 billion on universal verification—which could reduce scam ads by up to 29%—because it might cost up to 4.8% of revenue, instead adopting a "reactive only" approach that redirects blocked scam ads from regulated markets to unregulated ones.
The U.S. Virgin Islands filed a lawsuit against Meta on December 30 alleging the company "knowingly and intentionally" exposed users to fraud while profiting from scams, as U.S. senators called for federal investigation and the European Commission questioned Meta's compliance.
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Neuralink plans high-volume brain interface production by 2026
Elon Musk announced that Neuralink will begin high-volume production of brain-computer interface devices and transition to a streamlined, almost entirely automated surgical procedure in 2026.
As of September 2025, 12 people worldwide have received Neuralink's N1 implant, collectively using their devices for over 15,000 hours to control computers and smartphones with their thoughts.
The company completed two implant surgeries in a single day in July and is expanding clinical trials to Canada, the UK, and the United Arab Emirates as it works toward automating the implant process.
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Elon Musk announced that Neuralink will begin high-volume production of brain-computer interface devices and transition to a streamlined, almost entirely automated surgical procedure in 2026.
As of September 2025, 12 people worldwide have received Neuralink's N1 implant, collectively using their devices for over 15,000 hours to control computers and smartphones with their thoughts.
The company completed two implant surgeries in a single day in July and is expanding clinical trials to Canada, the UK, and the United Arab Emirates as it works toward automating the implant process.
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Tesla Semi achieves 1.2 MW charging in new production design
Tesla released video showing its redesigned Semi truck charging at a record 1.2 megawatts, enabling an estimated 10-80% charge in under 45 minutes for the electric truck's ~850 kWh battery pack.
The breakthrough addresses the trucking industry's primary concern about electric vehicle downtime, allowing the Semi to recover significant range during mandatory 30-minute driver breaks while diesel trucks refuel in 15 minutes.
Tesla is targeting production to begin in the first half of 2026 at its Nevada factory with a planned capacity of up to 50,000 units annually, while deploying 46 Megacharger stations expected by early 2027.
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Tesla released video showing its redesigned Semi truck charging at a record 1.2 megawatts, enabling an estimated 10-80% charge in under 45 minutes for the electric truck's ~850 kWh battery pack.
The breakthrough addresses the trucking industry's primary concern about electric vehicle downtime, allowing the Semi to recover significant range during mandatory 30-minute driver breaks while diesel trucks refuel in 15 minutes.
Tesla is targeting production to begin in the first half of 2026 at its Nevada factory with a planned capacity of up to 50,000 units annually, while deploying 46 Megacharger stations expected by early 2027.
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Apple slashes Vision Pro production after disappointing sales
Apple has halted production of its Vision Pro headset and slashed digital advertising spending by over 95% in 2025 after the $3,499 device shipped only 390,000 units globally in 2024, according to International Data Corporation and Sensor Tower.
IDC projects just 45,000 Vision Pro units will ship in Q4 2025, a stark contrast to the millions of iPhones and iPads Apple sells quarterly, with analysts citing high costs, comfort issues, and only 3,000 available apps as key barriers to adoption.
Despite the setback, Apple plans to release a cheaper Vision headset this year while the device has gained limited traction in enterprise applications like pilot training and surgical procedures.
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Apple has halted production of its Vision Pro headset and slashed digital advertising spending by over 95% in 2025 after the $3,499 device shipped only 390,000 units globally in 2024, according to International Data Corporation and Sensor Tower.
IDC projects just 45,000 Vision Pro units will ship in Q4 2025, a stark contrast to the millions of iPhones and iPads Apple sells quarterly, with analysts citing high costs, comfort issues, and only 3,000 available apps as key barriers to adoption.
Despite the setback, Apple plans to release a cheaper Vision headset this year while the device has gained limited traction in enterprise applications like pilot training and surgical procedures.
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OpenAI developing AI-powered pen for 2026 launch, leak claims
OpenAI is developing an AI-powered pen-style device codenamed "Gumdrop" in collaboration with former Apple designer Jony Ive, with the gadget expected to transcribe handwritten notes to ChatGPT and enable voice communication, according to industry tipster Smart Pikachu.
The device will be manufactured by Foxconn in Vietnam after a dispute over manufacturing location ended OpenAI's initial partnership with Chinese manufacturer Luxshare, with OpenAI reportedly refusing to produce the hardware in China.
OpenAI acquired Ive's hardware startup for approximately $6.4 billion in May 2025, with CEO Sam Altman stating in November 2025 that prototypes are "jaw-droppingly good" and the device should launch within two years, aiming to offer a calmer alternative to smartphones.
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OpenAI is developing an AI-powered pen-style device codenamed "Gumdrop" in collaboration with former Apple designer Jony Ive, with the gadget expected to transcribe handwritten notes to ChatGPT and enable voice communication, according to industry tipster Smart Pikachu.
The device will be manufactured by Foxconn in Vietnam after a dispute over manufacturing location ended OpenAI's initial partnership with Chinese manufacturer Luxshare, with OpenAI reportedly refusing to produce the hardware in China.
OpenAI acquired Ive's hardware startup for approximately $6.4 billion in May 2025, with CEO Sam Altman stating in November 2025 that prototypes are "jaw-droppingly good" and the device should launch within two years, aiming to offer a calmer alternative to smartphones.
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DeepSeek unveils architecture to cut AI training costs
DeepSeek released a research paper on Thursday introducing Manifold-Constrained Hyper-Connections (mHC), a novel architecture designed to improve training stability and scalability for large AI models while minimizing computational costs, with CEO Liang Wenfeng listed as co-author.
The mHC framework builds on ByteDance's 2024 hyper-connection architecture by adding a manifold constraint to restore identity mapping properties and reduce memory overhead, with testing on models up to 27 billion parameters showing stable performance without added computational cost.
Industry observers expect DeepSeek to launch a new model before Spring Festival in mid-February 2026, as Liang's personal publication of major technical papers has historically signaled upcoming product releases, including last year's R1 model.
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DeepSeek released a research paper on Thursday introducing Manifold-Constrained Hyper-Connections (mHC), a novel architecture designed to improve training stability and scalability for large AI models while minimizing computational costs, with CEO Liang Wenfeng listed as co-author.
The mHC framework builds on ByteDance's 2024 hyper-connection architecture by adding a manifold constraint to restore identity mapping properties and reduce memory overhead, with testing on models up to 27 billion parameters showing stable performance without added computational cost.
Industry observers expect DeepSeek to launch a new model before Spring Festival in mid-February 2026, as Liang's personal publication of major technical papers has historically signaled upcoming product releases, including last year's R1 model.
Source
Global chip sales projected to hit $1 trillion in 2026
The global semiconductor industry is projected to reach approximately $1 trillion in 2026, nearly five years ahead of earlier forecasts, with Bank of America analyst Vivek Arya predicting 30% growth while the World Semiconductor Trade Statistics forecasts $975.5 billion in sales.
The surge is driven by an "AI supercycle" with Nvidia commanding 80% of the AI accelerator market through chips priced at $30,000-$40,000 per unit, while tech giants commit over $400 billion in data center infrastructure spending.
Logic and memory segments are expected to grow over 30% year-over-year, with high-bandwidth memory makers like Micron Technology
reporting sold-out capacity through 2026, though the industry faces power constraints and component shortages.
Source
The global semiconductor industry is projected to reach approximately $1 trillion in 2026, nearly five years ahead of earlier forecasts, with Bank of America analyst Vivek Arya predicting 30% growth while the World Semiconductor Trade Statistics forecasts $975.5 billion in sales.
The surge is driven by an "AI supercycle" with Nvidia commanding 80% of the AI accelerator market through chips priced at $30,000-$40,000 per unit, while tech giants commit over $400 billion in data center infrastructure spending.
Logic and memory segments are expected to grow over 30% year-over-year, with high-bandwidth memory makers like Micron Technology
reporting sold-out capacity through 2026, though the industry faces power constraints and component shortages.
Source
OpenAI consolidates teams to overhaul audio AI models
OpenAI has unified multiple engineering, product, and research teams over the past two months to overhaul its audio models ahead of an audio-first personal device expected to launch in about a year.
The company's new audio model, slated for early 2026, will reportedly sound more natural, handle interruptions like an actual conversation partner, and even speak while users are talking—capabilities current models lack.
The hardware push follows OpenAI's $6.5 billion acquisition in May of io, the startup co-founded by former Apple design chief Jony Ive, who has prioritized reducing device addiction through audio-first design.
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OpenAI has unified multiple engineering, product, and research teams over the past two months to overhaul its audio models ahead of an audio-first personal device expected to launch in about a year.
The company's new audio model, slated for early 2026, will reportedly sound more natural, handle interruptions like an actual conversation partner, and even speak while users are talking—capabilities current models lack.
The hardware push follows OpenAI's $6.5 billion acquisition in May of io, the startup co-founded by former Apple design chief Jony Ive, who has prioritized reducing device addiction through audio-first design.
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SpaceX to lower 4,400 Starlink satellites to boost safety
SpaceX will lower approximately 4,400 Starlink satellites from 550 kilometers to 480 kilometers altitude throughout 2026, according to Michael Nicolls, the company's vice president of Starlink engineering, in a move coordinated with other operators, regulators, and U.S. Space Command.
The orbital adjustment will reduce ballistic decay time by over 80% during solar minimum—shortening the period from more than four years to just months—and decrease collision risks since debris objects and planned constellations are significantly lower below 500 kilometers.
The announcement follows a December incident when a Starlink satellite experienced a propulsion tank failure that created debris and caused it to fall four kilometers in altitude, highlighting the need for faster deorbiting of malfunctioning spacecraft.
Source
SpaceX will lower approximately 4,400 Starlink satellites from 550 kilometers to 480 kilometers altitude throughout 2026, according to Michael Nicolls, the company's vice president of Starlink engineering, in a move coordinated with other operators, regulators, and U.S. Space Command.
The orbital adjustment will reduce ballistic decay time by over 80% during solar minimum—shortening the period from more than four years to just months—and decrease collision risks since debris objects and planned constellations are significantly lower below 500 kilometers.
The announcement follows a December incident when a Starlink satellite experienced a propulsion tank failure that created debris and caused it to fall four kilometers in altitude, highlighting the need for faster deorbiting of malfunctioning spacecraft.
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Baidu's AI chip unit Kunlunxin files for Hong Kong IPO
Baidu announced that its AI chip unit Kunlunxin has confidentially filed for a Hong Kong listing, following a fundraising round that valued the company at approximately $3 billion.
The proposed spin-off aims to showcase Kunlunxin's value as an independent entity and broaden financing channels, though the company is expected to remain a subsidiary of Baidu after completion.
The filing comes amid a wave of Chinese AI chip IPOs, including Shanghai Biren Technology, which raised $717 million and began trading January 2, as Beijing pushes to develop domestic semiconductor alternatives amid U.S. export restrictions.
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Baidu announced that its AI chip unit Kunlunxin has confidentially filed for a Hong Kong listing, following a fundraising round that valued the company at approximately $3 billion.
The proposed spin-off aims to showcase Kunlunxin's value as an independent entity and broaden financing channels, though the company is expected to remain a subsidiary of Baidu after completion.
The filing comes amid a wave of Chinese AI chip IPOs, including Shanghai Biren Technology, which raised $717 million and began trading January 2, as Beijing pushes to develop domestic semiconductor alternatives amid U.S. export restrictions.
Source