Hong Kong AI Concept Stocks Fall in Afternoon Trading, Zhipu AI Down Over 10%

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After Meta and Anthorpic’s $3 billion race to secure computing power, Jane Street is increasing its investment in CoreWeave by $1 billion

Quantitative trading giant Jane Street Group announced an investment of $1 billion in AI cloud service provider CoreWeave. Its planned total spending is set to reach $6 billion, and it will obtain rights to use NVIDIA Vera Rubin chips. This move is intended to accelerate the development of its AI software. CoreWeave is working to reduce reliance on a single customer and to pivot into an integrated AI infrastructure platform. This investment shows Jane Street strengthening its positioning in the AI space and improving its trading edge with efficient computing power.

Naver Pursues IPO for Naver Financial After Crypto Exchange Deal, Targeting Five-Year Timeline

Naver plans to IPO Naver Financial after a share swap with Dunamu, targeting a listing within five years. Conditions depend on market and regulatory factors, with a possible two-year extension. Naver will retain control through voting agreements despite new regulations affecting crypto exchanges.

Hong Kong Exchanges and Clearing CEO Chen Yiting: Extending trading hours for Hong Kong stocks would actually be bad for retail investors in Hong Kong

The CEO of the Hong Kong Exchanges and Clearing (HKEX), Chen Yiting, said at the HSBC Global Investment Summit that extending Hong Kong stock trading hours to the U.S. daytime could harm local retail investors and affect market fairness. She emphasized that quality listings and investment opportunities are more important than trading hours, and pointed out challenges related to information disclosure and regulation for listed companies. Chen also mentioned that international companies are showing increased interest in listing in Hong Kong, indicating that HKEX’s structure is becoming more diversified and providing momentum for market development.

Saudi PIF Invests $550M in Lucid as Uber Commits $200M More to Robotaxi Partnership

Saudi Arabia's PIF invests $550 million in Lucid, while Uber adds $200 million, aiming for a robotaxi launch in 2026. Lucid produces vehicles, Nuro supplies tech, and Uber handles operations, marking a strategic shift from Tesla's model.

Samsung Seeks Court Block Against Planned Chip Union Strike Over 45 Trillion Won Bonus Demand

Samsung Electronics has requested a court injunction against potential illegal actions ahead of a union strike demanding 15% performance bonuses. A mass rally and strike could disrupt global semiconductor supply, as Samsung's profits rise amid record quarterly earnings.