Search results for "END"
2026-04-24
05:02

Chinese Robovan Operator Zelos Eyes $600M Hong Kong IPO

Gate News message, April 23 — Chinese autonomous delivery truck operator Zelos Technology is planning a Hong Kong IPO expected to raise approximately $600 million, according to Bloomberg. The company is in talks with banks; the size and timing of the offering could still change. Founded in 2021, Zelos operates more than 25,000 autonomous vehicles across China and has expanded into Singapore, the United Arab Emirates, and other parts of Southeast Asia and the Middle East. Alibaba's logistics unit Cainiao became a shareholder earlier this year and integrated its unmanned vehicle unit into Zelos through a cash and asset injection in early 2026, expanding the fleet from 2,000 vehicles in 2024 to more than 20,000. Zelos now operates under two brands: its own name for technology products and the licensed "Cainiao Autonomous Vehicle" brand for certain logistics and enterprise customers. The company claims it can reduce last-mile delivery costs by approximately 50% and expects to break even, including R&D expenses, once its fleet reaches about 50,000 vehicles. Management says it expects to deliver more than 1,000 vehicles overseas by the end of 2025.
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09:25

Hugging Face Open-Sources ml-intern, an AI Agent for Autonomous ML Research

Open-sourced ml-intern, Hugging Face's autonomous ML research agent that reads papers, curates data, trains, evaluates, and iterates across science, medicine, and math. Abstract: Hugging Face's ml-intern is an open-source autonomous ML research agent that reads papers, curates datasets, trains on local or cloud GPUs, evaluates results, and iterates improvements. Built on smolagents with CLI and web interfaces, it navigates arXiv/HF Papers, HF Hub, and HF Jobs. Demonstrations span science, medicine, and mathematics, showing end-to-end automation and performance gains.
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09:21

JPMorgan Chase Raises S&P 500 Year-End Target to 7,600, Citing AI Investment Surge and Easing Geopolitical Risks

Summary: JPMorgan lifts 2026 S&P 500 to 7,600, 2027 to 385 EPS, driven by AI enthusiasm and easing Middle East tensions; forward P/E stays 22x, potential to 23x and ~8,000 if tensions fall; warns of short-term consolidation amid oil and geopolitical risks. Abstract: JPMorgan’s strategy team, led by Dubravko Lakos-Bujas, raised the year-end S&P 500 forecast to 7,600 from 7,200, citing renewed AI enthusiasm and easing Middle East tensions. 2026 EPS is boosted to $330 and 2027 to $385, with the forward multiple held at 22x; a quicker geopolitical resolution could lift the multiple to 23x and push 2026 toward 8,000. The AI theme gained momentum after Anthropic unveiled Mythos, with about two-thirds of AI-related S&P 500 stocks outperforming. Risks include higher oil prices and lingering geopolitical tensions, suggesting a potential short-term consolidation before further gains.
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