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Cerebras stock nearly doubles on day one as AI chipmaker hits $100 billion — what it means for AI infrastructure
Cerebras Systems, the Silicon Valley chipmaker that built the world's largest commercial AI processor, erupted onto the Nasdaq on Wednesday, opening at $350 per share — nearly double its $185 I [...]
Anthropic launches Claude Sonnet 5 at a steep discount to its top model as the company races toward a blockbuster IPO
Anthropic today released Claude Sonnet 5, a new AI model that the company says delivers near-flagship performance at mid-tier prices — a move designed to give cost-conscious enterprise developers ac [...]
Shein’s IPO is being pitched at under $30 billion. Four years ago it was worth $100 billion.
Shein’s advisers are pitching the fast-fashion giant to investors at a valuation below $30 billion for its Hong Kong IPO, a roughly 70% drop from the $100 billion-plus valuation it hit in a 2022 pri [...]
Shein’s app runs on the tricks the FTC calls ‘dark patterns.’ Now the FTC is investigating.
Shein wanted its Hong Kong listing to be about growth. Instead, the filing meant to sell that story revealed a US regulator is investigating the company, and Shein will not say why. The disclosure sit [...]
Europe probes Shein's addictive app design and illegal product sales
The European Commission (EC) has opened an investigation into low-cost fast fashion retailer Shein. EC officials are concerned about the sale of illegal products, including child sexual abuse material [...]
Shein takes Temu to London’s High Court over “industrial-scale” copyright theft
The two-week trial opened Monday. Shein’s complaint covers around 2,300 product images; Temu has abandoned its defence of those images and is countering with anti-competition claims. Shein accused T [...]
Shein reveals slowing profits and a quarterly loss ahead of Hong Kong IPO
Shein has finally shown investors the numbers. In a draft prospectus filed on July 26, the fast-fashion retailer disclosed annual revenue of $41.8 billion for 2025, up roughly 8% on the year before, a [...]