Bending Spoons prices IPO above range to raise $1.68bn ahead of Nasdaq debut

Superhuman acquires AI detection startup GPTZero

Superhuman (the company formed after Grammarly acquired email client Superhuman and rebranded) has acquired GPTZero, the AI detection startup founded by Princeton grad Edward Tian. GPTZero had grown to 19 million registered users and $30 million ARR on just $13.5 million in total funding. Superhuman already had its own AI detection tool; it justifies the acquisition by arguing two detectors are better than one. Deal terms were not disclosed.

Rocket Lab continues buying spree by acquiring satellite company Iridium

Rocket Lab is acquiring satellite operator Iridium in an all-stock deal valuing Iridium at $8 billion ($54 per share). The deal is part of Rocket Lab's broader acquisition spree in 2026, which also includes space robotics firm Motiv, laser communications provider Mynaric, and a precision component manufacturer. Iridium brings an existing satellite constellation and valuable spectrum assets, positioning Rocket Lab to expand into new space-based services and compete more directly with Amazon and SpaceX. The acquisition reflects ongoing consolidation across the space and satellite industry.

Baidu’s chip unit Kunlunxin is targeting a $50 billion Hong Kong IPO and asked investors to buy its semiconductors

Đơn vị chip AI của Baidu, Kunlunxin, dự định IPO tại Hong Kong trị giá 50 tỷ USD, tăng mạnh so với mức định giá 12–15 tỷ USD vài tuần trước. Điểm bất thường là công ty yêu cầu nhà đầu tư cam kết mua chip bán dẫn của mình, gây lo ngại về cấu trúc tài chính vòng tròn. Kunlunxin đang chuyển từ nhà cung cấp nội bộ sang bán chip cho bên thứ ba, với doanh thu từ khách hàng bên ngoài chiếm trên 50% vào năm 2025.

Những thay đổi về giá trị công ty và chiến lược bán hàng của Kunlunxin cho thấy xu hướng mới trong thị trường AI chip, giúp bạn hiểu rõ hơn về cách các công ty Trung Quốc đang cạnh tranh và xây dựng mô hình kinh doanh độc đáo trong ngành công nghệ.

Momenta IPO: self-driving firm seeks $752M in Hong Kong

Momenta, a Chinese self-driving software company backed by GM, Toyota, and Mercedes-Benz, has launched a Hong Kong IPO seeking up to $752 million at a near-$9 billion valuation. The Suzhou-based firm reported 82% revenue growth to $337 million in 2025 with a 71.6% gross margin, but still posted losses of RMB3.46 billion. About 60% of IPO proceeds will fund core AI research, with 20% accelerating robotaxi expansion. Momenta's software ships in 68 car models across 24 automakers. The company has secured unmanned ride permits in Shanghai and is developing a premium robotaxi with Mercedes-Benz for Abu Dhabi and Munich, with Uber and Grab as partners. Trading is expected to begin July 8.

OpenAI may delay its IPO to 2027 to chase $1tn

OpenAI is reportedly considering delaying its IPO until 2027, with Sam Altman holding out for a $1 trillion valuation rather than going public sooner at a lower price. The news hit SoftBank shares hard, dropping as much as 13%, and dampened prospects for Morgan Stanley and Goldman Sachs who stand to earn fees from the listing. The delay also risks letting rival Anthropic go public first. The move comes amid a turbulent week for AI stocks, with OpenAI's heavy cash burn making a trillion-dollar valuation a tough sell in the current market mood.

StanChart’s former AI chief joins Accenture as Southeast Asia head

David Hardoon, Standard Chartered's former global head of AI enablement, has joined Accenture as managing director and head of advanced AI for Southeast Asia. Hardoon brings a background in AI governance, having previously served as the Monetary Authority of Singapore's first chief data officer. His short tenure at StanChart reflects a broader pattern of brief senior AI roles at banks struggling to translate AI ambitions into deployed systems. The hire fits Accenture's strategy of positioning itself as the implementation layer between AI model makers and large enterprises. Southeast Asia is a strategic target given its fast-growing digital economies and regulatory-conscious financial sector. The move signals a wider migration of AI talent with real-world enterprise and regulatory experience toward consultancies and systems integrators.

China’s Nexchip seeks up to $890m in Hong Kong share sale

Nexchip Semiconductor, China's third-largest pure-play foundry, is raising up to $890 million in a Hong Kong IPO. The Hefei-based, state-backed chipmaker plans to use proceeds to build a Phase IV facility targeting 55,000 wafers per month at 28nm and 40nm nodes, with over half earmarked for developing a 22nm platform. The listing reflects a broader trend of Chinese semiconductor and AI companies returning to Hong Kong capital markets, driven by reopening investor appetite and Beijing's push to fund strategic chip industries. Nexchip deliberately focuses on mature nodes where US export controls have less impact, serving automotive, industrial, and consumer electronics markets.