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AI-linked Asian stocks drop after calls to pace development

AI-connected Asian stocks fell sharply in early Monday trading after U.S. technology leaders called for AI development to be paced, Reuters reported. SoftBank, Kioxia, SK Hynix, Minimax and Z.ai were each down more than 5%, according to the report. The move followed warnings by chief executives of companies developing advanced AI models, though the supplied report does not specify each company's closing price or the duration of the declines.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.
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Solink raises more than $100 million for AI video software

Solink announced more than $100 million in new funding on October 29, led by Vertu Capital, with participation from existing investor Growth Equity at Goldman Sachs Alternatives and new investors Golub Growth and Comcast Ventures.

Capital Robotics
Capital Robotics

Opentrons raises $40 million to expand laboratory automation

Opentrons Labworks announced $40 million in Series E funding to scale its robotics, software and data infrastructure tools. Healthcare investor Avego led the round alongside BroadOak Capital Partners, SiliconANGLE reported.

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Capital

Kalshi raises $1B at $40B valuation

Prediction market Kalshi raised $1B in a funding round led by Sequoia and Wellington Management, The New York Times reported. The round values the company at $40B, up from $22B after its $1B raise in May. The financing is described as Kalshi's last raise before an IPO.

Capital AI
Capital AI

SuperMe announces $20 million financing for AI expert profiles

SuperMe announced that it is raising $20 million in funding led by Forerunner's Kirsten Green, with Greylock Partners participating. The startup plans to expand a network that answers users' questions through AI profiles built from real experts' knowledge.