Kunlunxin starts STAR Market IPO guidance
In May 2026 Baidu's chip unit Kunlunxin began IPO guidance for China's STAR Market while keeping its Hong Kong plan, as revenue grows and losses narrow toward break-even.
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Kling AI annualized revenue reaches US$240 million
Kuaishou said Kling AI passed US$20 million in monthly revenue in December 2025, an annualized rate of US$240 million, 19 months after launch — a sign that generated video is becoming a paid business.
MiniMax lists on the Hong Kong Stock Exchange
MiniMax, a Chinese AI startup, began trading on the Hong Kong Stock Exchange on 9 January 2026 under ticker 100, one day after Zhipu AI's debut, with shares rising 42.67% from the HK$165 issue price.
Biren lists on the Hong Kong Stock Exchange
Biren Technology listed on the Hong Kong Stock Exchange's main board on 2 January 2026, drawing 23 cornerstone investors to its share offering, with its market value briefly passing HK$100 billion on the first trading day.
TSMC CoWoS packaging stays sold out as AI demand outruns capacity
TSMC's CoWoS advanced packaging places logic dies and HBM stacks on a silicon interposer; capacity remains sold out, and TSMC is expanding in Tainan and Chiayi while developing panel-level CoPoS.
Cambricon MLU 690 enters mass production
Cambricon's next flagship cloud training chip, the MLU 690, entered mass production in early 2026, pairing a dual-die package with more than 700 TFLOPS of FP16 compute and 196 GB of HBM3 memory.
Moore Threads and MetaX list on the STAR Market
In December 2025, Chinese GPU makers Moore Threads and MetaX listed on the STAR Market, with first-day gains that drew attention to domestic AI chip companies raising public capital.
Nvidia becomes the first company worth $5 trillion
On 29 October 2025 Nvidia became the first company in history to reach a $5 trillion market value, closing at $207.04 a share after a rally driven by large AI chip orders.
Mistral AI announces Mistral Compute with NVIDIA
On 11 June 2025 Mistral AI announced Mistral Compute, an AI infrastructure offering that sells GPUs, orchestration, APIs and services as bare metal or managed PaaS, built with NVIDIA hardware and reference architectures.
Kling AI passes US$100 million annualized revenue
Kling AI, launched in June 2024, reported a US$100 million annualized revenue run rate in March 2025 and monthly subscription bookings above RMB 100 million in April and May 2025.
DeepSeek app tops the U.S. App Store
On 27 January 2025 DeepSeek's mobile app passed ChatGPT as the most downloaded free app on Apple's U.S. App Store. The same day Nvidia shares fell 17 percent, the biggest one-day loss in U.S. history for any company.
Meta announces its largest data center in Richland Parish, Louisiana (Hyperion)
In December 2024 Meta announced a 4-million-square-foot, $10 billion-plus data center in Richland Parish, Louisiana, its 23rd US data center, built to train future open-source large language models and later expanded substantially.
Horizon Robotics lists in Hong Kong in the year's largest tech IPO there
Horizon Robotics, a Chinese supplier of smart-driving solutions founded in 2015, began trading on the Hong Kong Stock Exchange on 24 October 2024, raising HK$5.407 billion in what was the city's largest technology IPO that year.
xAI brings its Colossus supercomputer online in Memphis
xAI's Colossus supercomputer in Memphis, Tennessee, built with NVIDIA, went into operation in 2024 with about 100,000 H100 GPUs. It was the main training system behind Grok.
OpenAI releases SWE-bench Verified
On August 13, 2024, OpenAI released SWE-bench Verified, a 500-sample human-validated subset of SWE-bench built with the benchmark's original authors from Princeton, after filtering ambiguous tasks and unreliable tests.
Nvidia's market value breaks $3 trillion
On 5 June 2024 Nvidia's market value passed $3 trillion, making it the third company to reach that level after Microsoft and Apple; two weeks later it became the world's most valuable company, driven by demand for data-center AI chips.
Nvidia becomes the first chip company worth $1 trillion
On 30 May 2023 Nvidia became the first chip company on the US stock market to pass a $1 trillion market value, as demand for the GPUs used to train large AI models surged after ChatGPT.
Mobileye returns to public markets on Nasdaq
Mobileye priced its Nasdaq initial public offering at 21 dollars a share and sold 41 million Class A shares, with a large part of the proceeds earmarked to repay a note owed to parent company Intel.
NVIDIA delivers the first DGX-1 to OpenAI
In August 2016 NVIDIA CEO Jensen Huang hand-delivered the first DGX-1, a turnkey eight-GPU deep learning machine, to OpenAI in San Francisco — an early piece of dedicated AI hardware at a young research lab.
Nevada issues the first US autonomous vehicle licence
On 7 May 2012 Nevada's DMV issued the first US licence for an autonomous vehicle, a Toyota Prius fitted with Google's self-driving technology, after tests on highways, Carson City streets and the Las Vegas Strip.
iFlytek's voice cloud passes ten million users
In December 2011, iFlytek said its voice cloud passed ten million total users, after its cloud-based voice input method won awards and received MIIT recognition as a secure, controllable cloud computing solution.