Tobias

Ambarella (AMBA) shares jumped 20% after Q2 earnings beat expectations. Adjusted earnings were 15 cents per share versus the expected 5 cents, with revenue at $96 million against the projected $90 million. The chip designer anticipates Q3 revenue between $100 million and $108 million, exceeding estimates. Ambarella also raised its fiscal year revenue growth outlook to 31-35%, driven by strong demand for its edge AI solutions in portable video, drones, and edge infrastructure. CEO Fermi Wang emphasized the company’s successful strategic investment in edge AI R&D.

Xpeng Motors showcased its “AI Changing the World” vision at the Chengdu Motor Show, presenting vehicles like the revamped P7, G7, X9, MONA M03, and the IRON humanoid robot. The exhibit highlighted Xpeng’s AI technologies, including its Turing AI system, custom chip, and fast charging solutions. First deliveries of the updated P7 coincided with the show. Driven by strong financial results and record deliveries, Xpeng is expanding its technology partnership with Volkswagen and accelerating its global presence, aiming to become a leading global AI automotive company.

Alibaba is developing a new AI inferencing chip amidst US-China trade tensions and restrictions on Nvidia exports. This move is part of a broader effort by Chinese tech companies to create domestic chip solutions. Alibaba will use the chip to enhance its cloud infrastructure, offering computing power to customers. This complements, rather than replaces, its reliance on vendors like Nvidia. Fueled by AI-related products, Alibaba’s cloud division saw significant revenue growth. Other Chinese firms, including Baidu and Huawei, are also developing proprietary semiconductors.

Eric Trump predicted Bitcoin would reach $1 million at the Bitcoin Asia 2025 conference in Hong Kong, marking the start of an Asian crypto push by the Trump sons. The brothers are expanding their ventures, including American Bitcoin and World Liberty Financial, into Asia, with appearances planned in Japan, South Korea, and Singapore. President Trump’s pro-crypto stance, reflected in policy changes and appointments, faces scrutiny amid potential conflicts of interest and ethical concerns. Some Hong Kong officials withdrew from the event, highlighting political sensitivities.

Reliance Industries announced significant AI partnerships with Google and Meta at its annual shareholders’ meeting. Reliance will leverage Google’s AI and cloud infrastructure, including a new dedicated cloud region in India powered by clean energy. A joint venture with Meta focuses on delivering AI solutions tailored for Indian businesses, with a $100 million investment. Mukesh Ambani also indicated plans to list Reliance Jio publicly in the first half of 2026. These moves underscore the importance of the Indian market for global tech giants.

Alibaba’s Amap is expanding its global footprint by launching ride-hailing services in Canada, New Zealand, Switzerland, and the UAE, bringing its availability to 30 countries. Chinese users can access the service abroad without needing new SIM cards, using familiar payment platforms and the Chinese interface. Amap offers integrated travel services, including real-time translation and navigation, addressing pain points for international travelers by providing a streamlined, one-app experience.

Alibaba (BABA) reported a mixed Q1 fiscal year performance. Net income beat expectations with a 78% jump, driven by equity gains and the Trendyol sale. Revenue, however, fell short of estimates. Cloud computing revenue soared 26%, fueled by AI demand, with AI-related product revenue growing at a triple-digit rate for the eighth consecutive quarter. Despite macroeconomic headwinds in China, Alibaba’s stock showed resilience. Investors are optimistic about AI initiatives and investments.

Chinese livestreaming star Xinba (Xin Youzhi) announced his (apparent) retirement during his “818” anniversary livestream, citing health reasons. The account will be transferred to Xin Xuan Group, managed by his wife, Chu Ruixue. Xinba addressed skepticism, claiming this retirement is final, despite four previous announcements of stepping back. He officially handed over the account to Chu Ruixue. This announcement comes amidst controversy surrounding his “Cotton Secret” sanitary napkins, which were found to contain high levels of thiourea, a class 3 carcinogen. Xinba has yet to comment on the product safety concerns.

DJI will showcase its diverse product lineup at IFA 2025 in Berlin (Sept 5-9), including consumer/agricultural drones, imaging products, and power solutions. Highlights include the DJI Mic 3 (a mini wireless mic), the Osmo 360 panoramic camera, and the DJI Power 2000 portable power station. Attendees can expect interactive demos and sessions with creators, focusing on aerial cinematography and the DJI ecosystem. DJI will also present its industrial-grade products and solutions, demonstrating “Tech for Good” across sectors like agriculture and public safety.

A recent survey indicates Tesla’s Full Self-Driving (FSD) system may be deterring more U.S. buyers than attracting them, with nearly half believing FSD should be illegal. This comes as Tesla faces slowing sales, increased competition, and reputational damage from Musk’s actions. European sales are also down. While Musk sees FSD as a key advantage, Tesla lags in robotaxi development. Consumers desire clearer regulations and manufacturer accountability for automated vehicles. Tesla faces increasing concerns about safety and brand reputation, especially after recent legal setbacks.