Chinese tech giant Xiaomi has aggressively expanded into the electric vehicle (EV) market in recent years, with its EV business showing strong performance and cumulative deliveries surpassing 500,000 units. The company also achieved the annual sales target set by founder Lei Jun ahead of schedule. However, alongside rapid sales growth, Xiaomi has recently faced a series of safety-related incidents, bringing renewed scrutiny to its vehicle safety and management processes.

Amid the ongoing arms race for AI computing power and the global push for infrastructure upgrades and industrial automation, communication and sensing components have risen in profile to become critical system elements. Grand-Tek Technology is seeing order momentum outpacing current revenue performance.

Walt Disney and OpenAI have reached a cooperation agreement under which Disney licenses its classic characters for use on Sora, OpenAI’s video generation platform. Bloomberg reports that OpenAI did not pay a traditional cash licensing fee to obtain Disney’s IP this time, but instead provided stock purchase warrants, allowing Disney to buy OpenAI shares at an agreed price in the future, on top of its existing US$1 billion equity stake.