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- ABB’s new direct current portfolio aims to rewire AI data center energy infrastructureCompanies: ABB GroupABB today announced the launch of Infinitus, a portfolio of direct current (DC) solutions designed to manage the increasing power demands of AI data centers. The portfolio will accelerate the adoption of DC architectures in data centers, improving energy efficiency and reducing power infrastructure footprint, while increasing available computing capacity. ABB expects other energy-intensive industries to make the same transition.
- OpenAIExpanding OpenAI Academy with new learning pathsCompanies: OpenAIExplore new OpenAI Academy learning paths for employees, developers, leaders, educators, and students to build and demonstrate practical AI skills.
- Banking Fraud to Reach 2.2 billion Transactions by 2031, Fuelled by Growing AI-enabled AttacksJuniper Research revealed fraudulent transactions in digital banking and money transfer will surpass 2.2 billion globally by 2031.
- Duiba Group Founder Gifts 11.21% Stake to Employee Incentive Platform in Record-High Founders-to-ESOP Transfer by Share of Capital in Hong Kong Market HistoryHONG KONG, Sept 21, 2026 - Duiba Group Limited (Stock Code: 01753.HK), the Hong Kong-listed operator that has become one of China's fastest-scaling AI short-drama platforms, announced that its controlling shareholder, Xiaoliang Holding Limited, has agreed to transfer 120,682,000 ordinary shares — approximately 11.21% of issued share capital — for nil consideration to Kewei Holding Limited, the Company's employee share award platform. The transfer, executed on 20 September 2026, is understood to be the largest founder-to-ESOP donation by percentage of share capital in the history of the Hong Kong stock market. It is not a disposal for cash. No shares are being sold into the market; all of them are being placed into a vehicle whose sole economic purpose is to reward and retain employees. Crucially, the arrangement is being funded entirely from the founder's personal shareholding. It involves no issuance of new shares and therefore no dilution to existing shareholders, and it consumes no company capital — no cash, no treasury reserves, no debt. The 120,682,000 shares are being transferred at nil consideration from the founder's own account to the employee incentive platform, meaning the cost of motivating and retaining the core team is borne by the founder, not by public investors or the Company's balance sheet. Six months of exponential growth The transfer comes as Duiba's AI short-drama business enters a phase of compounding growth. On Douyin's native end, cumulative playback from June to August rose 178%. In July and August, Duiba ranked top three across the entire industry for two consecutive months, and was the only leading player to sustain month-on-month growth above 50% in both months. Seven years, zero founder selling Duiba listed on the Main Board of The Stock Exchange of Hong Kong on 7 May 2019. According to HKEX disclosure records, Mr. Chen Xiaoliang, the founder and controlling shareholder, voluntarily extended the post-IPO lock-up to three years at the time of listing and, from the IPO through the date of the transfer, has never reduced his personal beneficial shareholding. The 20 September arrangement is therefore the first change in the founder's ownership structure in the seven years since listing — and its direction is unambiguously inward. "This is the clearest possible signal that the controlling shareholder is backing the next chapter of the business rather than exiting it," a Company spokesperson said. "The shares go to an ESOP vehicle, not to the market." After completion, Xiaoliang Holding will remain the controlling shareholder with approximately 31.01%, down from 42.21%. Kewei Holding, which currently holds only 0.17%, will hold approximately 11.38%. A war chest for AI talent Kewei Holding has undertaken to introduce new incentive schemes with vesting and lock-up arrangements under the Company's equity incentive management measures. The stated focus is AI businesses, with AI short drama at the centre. Existing and future awards will be subject to service and performance conditions, aligning key employees with long-term shareholder value. The timing is deliberate. The AI short-drama sector is expanding rapidly, but hits remain scarce: fewer than 0.5% of new AI short dramas on Douyin surpass 100 million views. In that environment, the constraint on growth is not capital — it is the ability to retain writers, algorithm engineers, producers and commercialisation talent capable of turning AI tooling into repeatable hits. By moving roughly 11% of the Company into a locked-up, performance-vested incentive pool, Duiba is, in effect, converting founder ownership into collective engineering and creative capacity. The AI bet is already compounding Duiba was founded in 2014, is headquartered in Hangzhou and listed on HKEX in May 2019. It built its early business on points-and-benefits SaaS and internet advertising, serving more than 16,000 enterprise clients. In late 2025 it moved strategically into AI short drama, building a full-stack pipeline spanning AI scriptwriting, AI production and AI distribution — what the Company describes as the industrialised, scaled monetisation of AI-generated content. Financials: revenue and gross profit rising in tandem The Company's 2026 interim results show that the growth is reaching the income statement, not merely the traffic ledger. For the six months ended 30 June 2026: Metric 1H2026 Change Total revenue RMB 434.7 million +24.3% YoY Gross profit RMB 74.5 million +30.0% YoY Gross margin 17.1% 16.4% (1H2025) Loss attributable to owners RMB 25.3 million narrowed AI short-drama revenue RMB 222.6 million 51.2% of group revenue The Group's traditional SaaS and advertising operations contributed nearly RMB 70 million of gross profit in the first half and are expected to continue providing earnings support, while AI short drama has become the dominant revenue driver. Asset quality also appears intact. The Company reported net assets of RMB 1.175 billion, cash and short-term wealth management products of approximately RMB 400 million, and prepayments of RMB 345 million, largely related to the bank instant-discount business and recyclable into working capital. Why the transfer matters now Three things make the move more than a symbolic gesture. First, it is structurally a gift, not a sale. The nil-consideration transfer means the founder receives no cash. For a controlling shareholder who has not sold a single share in seven years, the decision moves equity from a personal account to a collective one. Second, it arrives at a moment of operational inflection. Douyin rankings, view-count trajectories and the first-half revenue split all point in the same direction: AI short drama has become the core business, and locking talent into it via vesting and lock-ups addresses the binding constraint on its next phase. Third, it creates a credible incentive currency. An ESOP pool of roughly 11.38% is large enough to be material for hires and retention, yet structured with vesting and lock-ups that prevent it from becoming a short-term payout. The road ahead: overseas expansion and the short drama alliance business Duiba's second-half outlook rests on two tracks: AI short-drama expansion and a stable SaaS and advertising base. On the global front, the Company is accelerating its overseas push into a market it estimates at US$4 billion in 2026, up 390% year on year, with management expecting overseas operations to begin contributing revenue in the fourth quarter. Domestically, it is pursuing a strategy of the short drama alliance business,expanding to tens of thousands of app media clients via SDK access. Its distribution footprint extends beyond Toutiao and Hongguo to Tencent, Kuaishou, Baidu and more than 20 mid-tier platforms. This is not a founder exit. It is a founder-to-employee capital allocation: a seven-year holder converting personal ownership into collective incentive capacity at precisely the moment Duiba's AI short-drama business is compounding on both the view-count and income-statement lines.
- Marvell TechnologyMarvell to Showcase Industry-First 2nm Optical Technology Demos for AI Data Center Infrastructure at ECOC 2026Companies: Marvell TechnologyFirst 2nm demos: Demonstrations of first 2nm 400G/lane optical PAM4, first 2nm 800G ZR/ZR+ pluggable with MACsec and first 2nm 1.6T ZR and O-band coherent-lite technologies. Enabling AI infrastructure scaling: Marvell advanced optical and silicon design leverages leading-edge process nodes to deliver the improvements in performance, bandwidth density and power critical to scaling AI infrastructure efficiently. I nnov
- IBMNew IBM CHRO Study: AI Puts Critical Thinking at the Center of Workforce PrioritiesCompanies: IBM• 60% of employees worry AI is eroding their skills, with critical thinking cited most often as declining
- ConveraConvera and JustLogin Partner to Enable Cross-Border Payroll and Payments Across Singapore and Southeast AsiaPartnership brings regulated, multi-currency payments into everyday HR workflows, supporting companies as they scale teams, payroll and operations — Convera, a global leader in commercial payments, and JustLogin, an AI-Powered...
- AMDMedia Alert: AMD to Showcase Physical AI and Robotics Innovation at ROSCon 2026Companies: AMDAMD will show how high-performance compute and open software can help developers train, simulate and deploy intelligent robotic systems from the cloud to the edge.
- OpenAIV7 cuts costs 78% while boosting accuracy with GPT-5.6 LunaCompanies: OpenAIUsing GPT-5.6, V7 turns scattered company files into context agents can use to complete complex, source-linked work.
- OpenAIHow V7 gives AI agents institutional memoryCompanies: OpenAIUsing GPT-5.6, V7 turns scattered company files into context agents can use to complete complex, source-linked work.
- Scalare PartnersScalare Partners Invests in Auric as AI Scent Technology Company Establishes Scent Lab at Tank Stream LabsScalare Partners Holdings Limited (ASX: SCP) ("Scalare" or "the Company") has invested in Auric, a Sydney-based technology company developing an AI-powered Scent Intelligence™ platform.Alongside the investment, Auric has established the Auric Scent Lab at Tank Stream Labs' Merchant House location at 333 Kent Street, Sydney. The dedicated facility will enable Auric to scale production, demonstrate its Aromasphere technology and accelerate...
- Qfin Holdings Announces Changes in Management and Board CompositionQfin Holdings, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qfin Holdings” or the “Company”), a leading AI-empowered Credit-Tech platform in China, today announced changes in its senior management and the composition of its board of directors (the “Board”). In light of the growth and potential of the Company’s international business and its long-term strategic development, Mr. Haisheng Wu, the chief executive officer and a director of the Company, intends to focus more of his time on the development of the Company’s international business. In order to dedicate his attention to this area, Mr. Wu will step down as the chief executive officer and a director of the Company and will cease to be a member of the compensation committee of the Board.