Sword CEO Calls IPO ‘Boring’ for Now After $4 Billion Valuation

Peloton Interactive Inc. has reported sluggish sales for its new artificial intelligence-powered exercise equipment, which was anticipated to drive a significant turnaround for the company. The lackluster performance raises concerns about the effectiveness of the new product line in revitalizing consumer interest and sales momentum.

Google has emerged as a formidable player in the global artificial intelligence landscape, marking a significant shift since the launch of ChatGPT three years ago, which had previously positioned the company as lagging behind its competitors. The recent advancements in AI technology, particularly with the rollout of its new model, Gemini 3, have showcased Google's renewed commitment to innovation in this high-stakes arena.

Google’s Tensor Processing Units (TPUs) are emerging as a strong competitor to Nvidia’s dominance in the artificial intelligence chip market, as customers express a desire for more alternatives. This shift indicates a growing recognition of Google’s capabilities in AI technology.

Poland is preparing to introduce a digital services tax in early 2026, aimed at taxing online platforms to create a more equitable environment for local businesses competing against foreign firms that currently face no such levies in the country.

China's leading technology companies are increasingly focusing on artificial intelligence (AI) agents as the next competitive frontier, reflecting a strategic shift in the tech landscape. This development highlights the growing importance of AI in driving innovation and market leadership among Chinese firms.

Alibaba Group Holding Ltd. reported a significant 34% growth in its cloud business, driven by substantial investments in consumer subsidies and data centers aimed at capitalizing on the AI boom, despite a notable decline in overall profit. This growth reflects the company's strategic focus on enhancing its AI capabilities and market presence.

JD.com Inc. is reportedly planning to raise at least $1 billion through an equity-linked bond sale, focusing on its health unit, amidst a trend of increasing debt offerings by Chinese e-commerce companies.

Zetwerk Pvt, an Indian contract manufacturer, is preparing to file for an initial public offering (IPO) that could raise up to $750 million, as reported by sources familiar with the matter. The company has engaged six banks to assist with the IPO process, indicating a significant step towards expanding its capital base.