CXMT shares jumped as much as 470% in its Shanghai debut, giving the memory chipmaker a ~$487B market cap, making it the most valuable China-listed company (Jenny Lee/CNBC)

Jenny Lee / CNBC:
CXMT shares jumped as much as 470% in its Shanghai debut, giving the memory chipmaker a ~$487B market cap, making it the most valuable China-listed company  —  Shares of chipmaker Changxin Technology Group rose about…

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How US companies flipped from “tokenmaxxing” to “thrift-maxxing”, mixing cheaper Chinese models with OpenAI and Anthropic, threatening the labs’ IPO valuations (Wall Street Journal)

Wall Street Journal:
How US companies flipped from “tokenmaxxing” to “thrift-maxxing”, mixing cheaper Chinese models with OpenAI and Anthropic, threatening the labs’ IPO valuations  —  Companies big and small a…

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