| Mobile Web

Search results for Cloud service

AI & Enterprise

AI revenue rises but profits still distant; China\'s Z.ai and MiniMax seen in loss until 2030

China\'s AI companies Z.ai and MiniMax could remain loss-making until 2030 despite rapid revenue growth, with heavy spending on computing resources seen weighing on profitability. Macquarie\'s Ellie Jiang cited a severe shortage of computing resources in China, worsened by U.S. restrictions on exports of Nvidia advanced processors. The firms\' annual recurring revenue is rising, but investors are increasingly focused on costs, margins and other valuation metrics beyond ARR.

AI & Enterprise

Moonshot AI files confidential for Hong Kong IPO as Kimi K3 boosts profile; valuation of $50 billion cited

China AI startup Moonshot AI has filed a confidential application for an IPO in Hong Kong, seeking to raise funds for rapid business expansion. Sources said it is targeting a listing as early as the first quarter of 2027, though timing could change depending on regulators and market conditions. The company is also pursuing a final funding round that could value it at about $50 billion. Moonshot AI recently unveiled its flagship Kimi K3 model.

AI & Enterprise

VESSL AI to supply 128 Nvidia B200 GPUs to SK Biopharm

AI infrastructure company VESSL AI said on Wednesday it has signed a supply contract with SK Biopharm for 128 Nvidia B200 GPUs. Starting in August 2026, VESSL AI will provide GPU computing resources equivalent to 16 B200 nodes, totaling 128 GPUs, through its GPU cloud platform, VESSL Cloud. The company said the deal will expand its customer base from AI companies and research institutes to the pharmaceutical and biotech industry.