The day in tech.

Shanghai-based Momenta, whose driver-assist technology is used by Toyota, Mercedes, and Audi in China, has filed for an IPO in Hong Kong seeking to raise up to $751.1 million.

DeepSeek released DSpark, a speculative decoding framework that speeds DeepSeek-V4 inference by 60-85%. It uses open-source checkpoints and training code, reusing existing V4 weights with a draft module. The framework splits drafting into two stages to improve speed without quality loss.

Xpeng is bringing the Mona L03 to European markets following its China debut. The company also announced XPENG VLA 2.0 is ready for global markets, expanding its international electric vehicle lineup.

Germany deploys artificial intelligence to address a projected €300 billion economic gap caused by worker shortages. The initiative aims to automate tasks and boost productivity across industries. The strategy focuses on integrating AI into manufacturing, logistics, and administrative sectors to compensate for a shrinking labor force.

Samsung Group and SK Group are poised to announce up to 2,000 trillion won ($1.3 trillion) in investments over the next decade under President Lee Jae Myung's industrial strategy. Samsung Electronics and SK Hynix will each build four to five semiconductor fabs in the Gwangju area, with additional chip packaging and NAND plant expansions planned.

Artificial intelligence is driving a surge in electricity demand, waking up the long-dormant US power sector. The technology's massive data center energy needs are forcing utilities and regulators to accelerate grid expansion and power plant development. This shift marks a major reversal from years of flat power demand growth.

SpaceX closed a large bond deal that required a leap of faith from investors. The financing provides capital for the company's ambitious space projects, including the Starship program. The bond deal reflects strong investor confidence in SpaceX's future growth and market position.

A new AI-based world order is emerging, reshaping global power structures and economic systems. The shift centers on artificial intelligence as a foundational technology for governance, commerce, and security. Nations and corporations are racing to establish dominance in AI capabilities and infrastructure.

A record $200 billion in mergers and acquisitions is reshaping the US power sector, fueled by surging electricity demand from artificial intelligence data centers. The dealmaking wave targets natural gas plants, renewable projects, and grid infrastructure to meet AI's massive energy needs.

Battery start-ups are turning to spare Asian factories to avoid the fate of Northvolt. The strategy leverages existing manufacturing capacity in Asia rather than building new facilities from scratch. This approach reduces capital expenditure and accelerates time to market for new battery technologies.