Tobias

Huawei has issued a warning about recruitment scams targeting potential employees, especially students seeking internships. These scams offer services like guaranteed interviews or leaked exam questions for a fee. Huawei clarifies it doesn’t authorize third-party agencies to charge for job opportunities and its official career website and WeChat account are the only legitimate sources. The company emphasizes its free application process and advises candidates to be wary of unsolicited offers requiring payments to protect them from fraud and ensure fair hiring practices.

Google’s Nano-Banana, a fast and affordable image generation model, is revolutionizing e-commerce and content creation. Its speed and consistent character representation are key advantages. Platforms like iMini AI are integrating Nano-Banana to enhance accessibility, broaden applications, and enable scenario-based expansions. iMini combines Nano-Banana with other AI capabilities, transforming it into a component of broader AI-driven workflows and demonstrating the shift from isolated models to interconnected AI ecosystems. This platform-based approach underscores the future of AI as seamless, user-friendly solutions.

Opendoor appointed Kaz Nejatian as CEO, replacing Carrie Wheeler, while co-founder Keith Rabois becomes chairman. The news triggered a 30% stock surge after hours, rebounding from a record low. Rabois and Eric Jackson had publicly criticized Wheeler’s leadership. The leadership change follows a period of high volatility, including a potential Nasdaq delisting and subsequent “meme stock” surge. Nejatian’s experience at Shopify is expected to benefit Opendoor’s platform. The company aims for sustained profitability in the challenging iBuying real estate market.

Oracle’s stock soared, boosting Larry Ellison’s net worth by over $110 billion after bullish cloud growth projections. Ellison’s continued leadership role and significant shareholding contrast with other tech leaders. Oracle is expanding into healthcare and AI, partnering with OpenAI, Meta, and others. The company forecasts substantial cloud infrastructure revenue growth, driven by AI demand. Oracle’s success extends beyond AI, maintaining dominance in established software businesses and attracting leading AI players, positioning itself as a key infrastructure provider.

Klarna, the BNPL giant, debuted on the NYSE with shares surging 30% above the $40 IPO price, valuing the company at $15 billion. The IPO raised $1.37 billion. CEO Sebastian Siemiatkowski likened the event to a wedding, marking a milestone but highlighting ongoing challenges. Klarna’s strategic shift to banking services, particularly in the US, faces competition from Affirm and others. The BNPL sector is intensely competitive and faces increasing regulatory scrutiny, particularly in Europe. Sequoia, an early investor, saw significant returns, while SoftBank’s later investment faced valuation decline.

Beijing Xinwei Telecom, once a pioneering antivirus software company in China, is now facing financial struggles, including delayed salary payments. Founded in 1996 by Lin Hao, the company gained prominence by securing government contracts and offering user-friendly software. Listed in 2012, it later diversified into instant messaging with limited success. The company’s financial practices, including frequent stock splits, drew regulatory scrutiny. Amid increased market competition and completed cybersecurity infrastructure buildouts, Beijing Xinwei Telecom struggles to adapt, reflecting industry-wide challenges.

Oracle projects cloud sales reaching $114 billion by fiscal year 2029, driven by AI demand and a massive data center expansion. This bullish forecast boosted stocks of Nvidia (up 4%), TSMC (up 4%), Broadcom (up 9%), AMD (up 3%), Micron (up 4%), Super Micro and Dell (up 4% each). UBS analyst notes the projections are decidedly bullish for Nvidia, other AI hardware vendors, and ecosystem partners. Competitor CoreWeave surged over 20%. Oracle’s increased capital expenditure emphasizes cloud infrastructure’s growth.

Amazon’s Zoox launched its robotaxi service in Las Vegas, challenging Waymo in the autonomous vehicle market. Zoox’s purpose-built electric vehicle, without steering wheel or pedals, differentiates it from competitors like Waymo and Tesla. Following Las Vegas, Zoox plans expansion to San Francisco, Austin, and Miami. Zoox emphasizes safety and passenger experience, aiming for a communal ride with panoramic views. While profitability is years away, Amazon is committed, highlighting Zoox’s unique approach and long-term potential.

Oracle’s shares surged 40% following strong cloud demand fueled by AI, potentially reaching a record single-day gain and nearing a $1 trillion market cap. RPO jumped 359% year-over-year to $455 billion, exceeding expectations. Oracle benefits from AI demand, its cloud infrastructure, and access to Nvidia GPUs, competing with Microsoft, Amazon, and Google. Projections forecast exponential cloud infrastructure revenue growth. While overall Q1 earnings slightly missed estimates, analysts express optimism, citing Oracle’s strategic position in the AI market and exceptional backlog, with upgrades and raised price targets.

TikTok star Khaby Lame, known for his silent comedic reactions, is touring China as part of a cultural exchange initiative. He visited Beijing landmarks and explored Tianjin’s culinary scene, even attempting to make Jianbing Guozi. Lame’s visit aims to foster stronger ties between China and Africa by offering a fresh perspective to his global audience, connecting with locals and highlighting Chinese culture and innovation. With over 259 million followers across platforms, his trip demonstrates the power of relatable content and influencer marketing in China.