According to The Economic Times, on May 1, Amsterdam-based AI infrastructure firm Nebius announced it will acquire Eigen AI for approximately $643 million in cash and Class A shares. Eigen AI, founded by former MIT researchers, specializes in inference and optimization technology. Nebius plans to in

According to Bloomberg, 1X Technologies, an OpenAI-backed robotics startup founded in Norway, has opened a 58,000-square-foot manufacturing facility in Hayward, California, aiming to lead in mass-producing consumer-grade humanoid robots. The facility is expected to produce 10,000 robots in its

Gate News message, April 29 — OpenAI CEO Sam Altman said in an interview with Ben Thompson on Stratechery that token-based pricing is not a long-term viable model for AI services. Using GPT-5.5 as an example, Altman noted that while the per-token price is significantly higher than GPT-5.4, the model

Gate News message, April 29 — China's Ambassador to Belgium Fei Shengchao rejected suggestions that Europe and China are entering a trade war phase, stating in a recent interview with Belgian-Luxembourg broadcaster RTBF that such characterizations would have been more fitting for last year's

Gate News message, April 28 — Cadence Design Systems, a California-based chip-design software maker, raised its fiscal 2026 revenue forecast on April 27, citing strong demand for tools used to build AI processors and more complex chips. The company now expects revenue of $6.13

Gate News message, April 28 — South Korea's SK Telecom is building AI software for manufacturers centered on digital twins and robot training, enabling process testing in virtual factory models before real-world deployment. The digital twin platform runs on Nvidia Omniverse, while the robot training

Gate News message, April 27 — S&P 500 companies saw employment fall by approximately 400,000 to 28.1 million in 2026, marking the first annual decline since 2016 after eight consecutive years of uninterrupted job growth. According to The Kobeissi Letter, major corporations including Amazon

Gate News message, April 27 — The HCL-Foxconn joint venture has selected Taiwan-based CTCI as the engineering, procurement, and construction (EPC) partner for its semiconductor assembly and testing facility in Uttar Pradesh, India. The project, valued at 37.1 billion rupees (approximately $394

Gate News message, April 24 — Tesla reported first-quarter revenue of US$22.4 billion on April 23, representing a 16% year-over-year increase. The company's global vehicle deliveries exceeded 358,000 units, while production topped 408,000 units. Tesla's Shanghai Gigafactory delivered 213,000 vehicl

Gate News message, April 24 — SoftBank Corp, the mobile unit of Japan's SoftBank Group, plans to convert part of its factory in Sakai, Osaka into a large battery production line for AI data centers. CEO Junichi Miyakawa is expected to announce the project in May as part of a new five-year plan,