Shares of MiniMax jumped after the company released its next-generation AI video model, H3, with investors also anticipating the stock's inclusion in a key trading link with mainland China.
Shares of Samsung Electronics and SK Hynix surged over 20% in Seoul trading, reversing a steep two-day decline that followed record-breaking earnings reports, as investors weighed strong AI demand against future growth concerns.
New York Attorney General Letitia James has filed a lawsuit against the prediction market platform Kalshi, claiming it operates as an unlicensed gambling business and violates state laws.
Chinese AI firm MiniMax has released its H3 video-generation model, escalating competition with rivals like ByteDance and Kuaishou by offering high-resolution output and an open-weight approach.
Chinese AI startup MiniMax saw its shares jump after launching H3, a new open-source multimodal model capable of generating high-resolution video, intensifying competition in China's AI sector.
Circle K parent Alimentation Couche-Tard has announced a tender offer to acquire Polish convenience store operator Zabka Group in a deal valued at approximately $8.71 billion, marking its largest acquisition to date.
Tesla's Shanghai Gigafactory is its largest global production site, accounting for over half of its 2025 deliveries and relying on a deeply localized supply chain. The operation faces growing competition from domestic rivals amid unverified reports of a potential business separation.
Asian stock markets advanced Friday, driven by a significant rebound in South Korean technology shares after strong U.S. earnings, while the Bank of Japan maintained its benchmark interest rate as expected.
Shares of the electric vehicle maker gained in late trading following a Wall Street Journal report that the company is considering separating its China operations as a precursor to a potential merger with SpaceX.
