Chinese AI chipmaker Biren Technology expects a significant revenue surge of up to 22 times in the first half of 2026, with revenue projected to reach 1.15 billion yuan to 1.3 billion yuan. This growth is driven by increasing demand for general-purpose GPUs used in AI applications.
Meanwhile, the price of indium phosphide, a material used in AI data centres, has surged due to a supply crunch in China. Prices have risen sharply, with two-inch InP substrates increasing to 880 yuan per wafer in June from 500 yuan at the end of 2025.
Apple's stock has been upgraded to $400 by Rothschild Redburn, citing the company's entry into the premium foldable market and its strategic reset to the Apple Intelligence platform. This move is seen as a positive development for the tech giant.
Other notable developments include the launch of TimeSage-EV, a new benchmark for agentic time series analysis in evolving environments. The benchmark tracks 60 real institutional scenarios across 6 domains, comprising 1,485 scenario-period QA pairs from Feb 2023 to May 2026.
Higgsfield, a video start-up backed by Goldman Sachs and Intel, has been valued at $5.4bn. The company uses AI to help businesses create and distribute video content. Pulsenmore has received a $1.27 million grant from the Israel Innovation Authority for its SmartScan AI research and development program.
Anthropic and OpenAI are facing uncertainty as they develop AI applications and features tailored to specific industries. NVIDIA CEO Jensen Huang has introduced the concept of LPS (land, power, and shell) as a critical resource for AI factories, with NVIDIA securing LPS capacity directly for its customers.
Key Takeaways
• Biren Technology expects a 22-fold revenue surge in the first half of 2026, driven by growing demand for general-purpose GPUs used in AI applications. • The price of indium phosphide, a material used in AI data centres, has surged due to a supply crunch in China. • Apple's stock has been upgraded to $400 by Rothschild Redburn, citing its entry into the premium foldable market and AI capabilities. • TimeSage-EV is a new benchmark for agentic time series analysis in evolving environments. • Higgsfield, a video start-up backed by Goldman Sachs and Intel, has been valued at $5.4bn. • Pulsenmore has received a $1.27 million grant from the Israel Innovation Authority for its SmartScan AI research and development program. • Anthropic and OpenAI face uncertainty as they develop AI applications and features tailored to specific industries. • NVIDIA CEO Jensen Huang has introduced the concept of LPS (land, power, and shell) as a critical resource for AI factories. • Safe Pro Group's AI subsidiary has seen a significant increase in sales, driven by government contracts. • Securing AI-powered coding from prompt to production is crucial for businesses.Biren Technology forecasts 22-fold revenue surge
Chinese AI chipmaker Biren Technology expects a significant revenue surge of up to 22 times in the first half of 2026. The company is set to benefit from China's push for self-sufficiency in the tech industry. Biren's revenue is expected to reach 1.15 billion yuan to 1.3 billion yuan, with a net loss of 320 million yuan to 400 million yuan. The company attributes its success to the growing demand for general-purpose GPUs used in AI applications.
AI data centre material sees price spike
The price of indium phosphide, a material used in AI data centres, has surged due to a supply crunch in China. The material is used to make lasers that convert electrical signals into light, allowing data to travel through fibre-optic cables. Prices have risen sharply, with two-inch InP substrates increasing to 880 yuan per wafer in June from 500 yuan at the end of 2025.
Apple stock gets upgrade to $400
Apple's stock has been upgraded to $400 by Rothschild Redburn, citing the company's entry into the premium foldable market and its strategic reset to the Apple Intelligence platform. The upgrade is based on two major catalysts for Apple: its growing presence in the premium foldable market and its investments in AI capabilities.
TimeSage-EV benchmark for agentic time series analysis
TimeSage-EV is a new benchmark for agentic time series analysis in evolving environments. The benchmark tracks 60 real institutional scenarios across 6 domains, comprising 1,485 scenario-period QA pairs from Feb 2023 to May 2026. The goal is to evaluate the performance of large language model agents in time series analysis.
Higgsfield valued at $5.4bn
Higgsfield, a video start-up backed by Goldman Sachs and Intel, has been valued at $5.4bn. The company uses AI to help businesses create and distribute video content. The valuation is a significant milestone for the start-up, which has been growing rapidly since its inception.
Pulsenmore receives $1.27 million AI grant
Pulsenmore has received a $1.27 million grant from the Israel Innovation Authority for its SmartScan AI research and development program. The program aims to develop technology combining artificial intelligence and real-time feedback to guide pregnant women during ultrasound scans at home.
Anthropic and OpenAI face uncertainty
Anthropic and OpenAI are developing AI applications and features tailored to specific industries, causing uncertainty among their customers. The move has raised concerns that these companies may stop selling their best AI to businesses, potentially impacting the industry as a whole.
NVIDIA's Jensen Huang introduces LPS
NVIDIA CEO Jensen Huang has introduced the concept of LPS (land, power, and shell) as a critical resource for AI factories. Huang announced that NVIDIA is securing LPS capacity directly for its customers, starting with a site in Ohio for OpenAI.
Safe Pro AI subsidiary sales surge
Safe Pro Group's AI subsidiary has seen a significant increase in sales, driven by government contracts. The company's revenue has increased by 1,336% in Q2, with its AI business generating a 75% gross margin.
Securing AI-Powered Vibe Coding
The article discusses the importance of securing AI-powered coding from prompt to production.
Sources
- AI chipmaker Biren projects up to 22-fold revenue surge in first half of 2026
- Next silicon? AI data centre material faces price spike amid China supply crunch
- Apple Could Hit $400, But AI Is Coming for Its Most Profitable Business
- TimeSage-EV: A Live Benchmark for Agentic Time Series Analysis in Evolving Environments
- Higgsfield valued at $5.4bn as Goldman and Intel back AI video start-up
- Pulsenmore Receives Second AI Grant Within One Month: Israel Innovation Authority Approves $1.27 Million for SmartScan AI Program
- Will Anthropic and OpenAI Stop Selling Their Best AI to Businesses?
- Jensen Huang Says “LPS” Is Next Critical Resource For AI Factories
- Safe Pro AI Subsidiary Sales Jump More Than 3,084% As Four Government Contracts Drive Q2 Revenue Up 1,336%
- Securing AI-Powered Vibe Coding: From Prompt to Production
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