Cloud expenditure optimization startup Cast AI raises $35 million

Translated data: Cloud expenditure optimization startup Cast AI recently announced the completion of a $35 million Series B funding round, led by Vintage Investment Partners. Cast AI leverages AI and machine learning to help businesses reduce their cloud computing costs and enhance performance. As enterprises increasingly adopt cloud computing, Cast AI addresses the challenge of managing cloud expenses and quickly gains traction in the growing FinOps market. This round of funding will be used for the development of Cast AI's products and expansion of its team.

SoftBank Stock Plummets 40% as Concerns Over AI Bubble Intensify

Early 2025, Trump's tariff pressures affected global technology companies. Starting in October, markets worried about the AI bubble, and investors became more cautious toward high-valued AI companies. As a major AI investor, SoftBank Group saw its stock plummet by 40% from October 31 to November 26, with a loss of nearly $50 billion in market value. This volatility was caused by multiple factors, not a single event.

HSBC Predicts OpenAI Needs Over $207 Billion in Funds to Meet Future Computing Power Demands

HSBC report states that OpenAI faces significant financial pressure, needing at least $207 billion (about 1.47 trillion Chinese yuan) in financing before 2030 to support its massive computing power demands. The funding gap stems from partnerships with Microsoft and Amazon, signing cloud computing agreements worth $250 billion and $38 billion respectively, with a combined computing power total of 36 gigawatts.

Lisi Capital Makes a Major Investment! $289 Million to Further Support Chinese AI Startups

Lisi Capital successfully raised $289 million, exceeding its original target. The fund will focus on investing in Chinese AI startups. The fund is managed by Cao Xi, former partner at Sequoia China, and Tim Wang, former partner at Boyu Capital, demonstrating confidence in China's technological innovation.

Li Auto's Self-Developed AI Chip M100 Exposed, Performance Three Times Higher Compared to High-End Models

Li Auto's Q3 2025 financial report shows total revenue of 27.4 billion yuan, a 36.2% year-over-year decline; net loss of 624.4 million yuan, compared to a profit of 2.8 billion yuan in the same period last year. In a conference call, management emphasized that the company is accelerating its transformation in autonomous driving and AI fields. The self-developed AI inference chip M100 has made significant progress, indicating future strategic adjustments.

MIT Study: AI Could Replace 11% of Jobs in the United States

The Massachusetts Institute of Technology and Oak Ridge National Laboratory collaborated on the Iceberg Project, using supercomputers to simulate the impact of artificial intelligence on the U.S. job market. The study evaluates the potential share of AI in the labor market through digital models, analyzing the types of jobs that could be replaced and the scope of their impact.