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ACE Robotics CEO: Humanoid Robot Brains to Reach ‘ChatGPT Moment’ by Late 2027 via Embodied AI
Humanoid robots could be heading toward a major advance in AI. On August 21, 2026, ACE Robotics Chairman Wang Xiaogang said embodied AI may reach a “ChatGPT moment” by the end of 2027. The aim is to help robots understand and respond to unfamiliar real-world situations instead of simply following fixed commands. As world models…
AI Investment Gets Boost as South Korea Plans New Fund From Chip Boom
South Korea is looking to turn its semiconductor boom into a new source of AI investments. On August 21, 2026, the government announced plans for a Future Response Fund that would use excess tax revenue from the chip industry to support AI and other future technologies. Local media estimates put the potential size of the…
Unitree Robotics Surges 460% in Shanghai Debut on August 20, 2026
Unitree Robotics shares surged 460% to 845 yuan on Shanghai debut. The humanoid robot maker raised $900 million in an IPO that attracted 5,500 times subscription from retail investors.
LG Electronics, Nvidia Expand Robotics Alliance as Seoul Data Factory Targets 100,000 Hours of AI Training Data
LG Electronics is deepening its robotics partnership with Nvidia at a new data factory in Seoul. Senior executives from both companies met Tuesday, August 18, 2026, at LG’s Yangjae R&D Campus. The facility aims to collect 100,000 hours of robot training data by year-end. That volume equals roughly 12 years of continuous data generation. The…
Tesla (NASDAQ: TSLA) and SpaceX Plan $16.8 Billion Texas Chip Factory Spanning 100 Million Square Feet
Tesla and SpaceX confirmed plans Thursday, August 6, 2026, to build a massive semiconductor factory called Terafab in Grimes County, Texas. The initial investment stands at $16.8 billion, with the facility spanning more than 100 million square feet. Elon Musk, CEO of both companies, called it “the largest and most valuable building on Earth by…
Amazon Stock Jumps After Company Raises 2026 Capex to $220 Billion
On July 31, 2026, Amazon shares climbed after the company announced plans to increase its 2026 capital spending to $220 billion, reflecting a larger commitment to artificial intelligence and cloud infrastructure. The announcement came alongside stronger-than-expected quarterly earnings and solid growth in Amazon Web Services (AWS), easing investor concerns about higher spending. With competition in…
Hirect (NSE: HIRECT) Shares Jump 4% After Winning ₹120 Crore Indian Railways Orders
Hirect shares jumped 4% on Monday, July 27, 2026, after the company secured ₹120 crore in fresh Indian Railways orders. The power electronics maker, formerly known as Hind Rectifiers, disclosed the wins over the weekend. Shares had already closed 1.3% higher at ₹1,301.90 on Friday, up from ₹1,285. Hirect stock has now rallied more than…
Tesla Stock Falls 1.3% After Q2 Profit Miss, $25B Capex Plan July 23
Tesla misses Q2 earnings forecast despite record $28.24B revenue. Stock slides 1.3% as company plans $25B capex and $30B in new borrowing for AI and robotaxi expansion.
Tesla Shares Fall 4% After Q2 Profit Miss Despite Revenue Beat
Tesla missed Q2 profit expectations with adjusted EPS of $0.33 versus $0.51 forecast, though revenue hit $28.24 billion. Shares fell 4% after the earnings report.