Shares of Pony.ai and WeRide experienced a significant drop of up to 15% during their trading debut in Hong Kong. Despite raising substantial funds—approximately $863 million for Pony.ai and $309 million for WeRide—investors reacted negatively to the listings. This decline highlights the challenges faced by new entrants in the competitive robotaxi market, raising questions about future investor confidence and market stability.

Nexperia has announced the suspension of wafer supplies to its factory in China due to the local unit's refusal to make payments and disregard for global management's directives. This situation highlights significant challenges in the company's operations and raises concerns about the stability of its supply chain. The decision to halt supplies could impact production and financial performance, making it a critical issue for stakeholders and the semiconductor industry.

Snap has struck a significant deal with Perplexity to integrate its search engine into Snapchat, with Perplexity set to pay $400 million in cash and equity. This partnership is exciting as it enhances Snapchat's capabilities, allowing users to access advanced AI-driven search features directly within the app. Such innovations could attract more users and keep Snapchat competitive in the ever-evolving social media landscape.

Arm has reported a remarkable 34% year-over-year increase in Q2 revenue, reaching $1.14 billion, significantly surpassing estimates. The company's royalty revenue also saw a healthy 21% rise to $620 million. This strong performance is a clear indicator of the growing demand for AI technologies, which is crucial for investors and the tech industry alike. Following this news, Arm's stock jumped over 4% in after-hours trading, reflecting positive market sentiment and confidence in the company's future prospects.

Tesla is gearing up for its first annual shareholder meeting in Texas, where a key topic will be Elon Musk's proposed $1 trillion pay package. This meeting is significant as it marks a new chapter for Tesla under Texas law, and the outcome could have major implications for corporate governance and executive compensation practices. With insights from Shane Goodwin, an expert in corporate governance, the discussions are expected to shed light on how shareholders view Musk's compensation in relation to the company's performance.

SoftBank has teamed up with OpenAI to create a new joint venture aimed at localizing and selling AI technology in Japan. This partnership is significant as it marks a growing trend in AI collaborations, and SoftBank will be the first customer, showcasing its commitment to integrating advanced technology into its operations. This move not only strengthens the relationship between these two tech giants but also highlights Japan's increasing role in the global AI landscape.

Reevo, an innovative startup focused on leveraging AI to streamline product launches, has successfully raised $80 million in funding, which includes a $10 million seed round and a $70 million Series A led by Kleiner Perkins. This significant investment, valuing the company at $500 million, highlights the growing interest in AI-driven solutions in the market. The funding will enable Reevo to enhance its technology and expand its reach, potentially transforming how products are brought to market.

Shein has opened its first physical store in Paris, located on the top floor of the historic BHV Marais department store. This move comes amidst protests from politicians and retailers who are concerned about the implications of fast fashion and its impact on local businesses. The opening is significant as it marks Shein's expansion into brick-and-mortar retail, which could influence shopping trends in the city and raise questions about sustainability and ethical practices in the fashion industry.