Australia Breaking News

Artificial Intelligence Pioneer Kai-Fu Lee's Chinese AI startup is pushing ahead with plans to raise funds before an initial public offering in 2027. 01.AI is a company that develops open-source AI models, and Lee says its 'financial numbers are ready right now, but it's a matter of going through the process'. He speaks with Minmin Low from the sidelines of 'The 2026 World AI Conference' in Shanghai.

George Chen, Partner and Digital Practice Chair at The Asia Group, discusses his outlook for China's strategy for AI development, as players like Moonshot AI release models that are more advanced open-weight, that can outperform all rivals except for Anthropic's Claude Fable and OpenAI's GPT-5.6 on overall capability. He speaks on the sidelines of the World AI Conference in Shanghai on "Bloomberg: The Asia Trade".

George Chen, Partner and Digital Practice Chair at The Asia Group, discusses his outlook for China's strategy for AI development, as players like Moonshot AI release models that are more advanced open-weight, that can outperform all rivals except for Anthropic's Claude Fable and OpenAI's GPT-5.6 on overall capability. He speaks on the sidelines of the World AI Conference in Shanghai on "Bloomberg: The Asia Trade".

Cooper Metals (ASX:CPM) has completed the acquisition of a 100% interest in the Pyramid Gold Project in Queensland.

Allen Zhang, Founder and CEO of Matrix Robotics, expects advances in computing power and declining costs to drive a tenfold reduction in the company's robot prices over the next 24-36 months. He also forecasts that the company will achieve profitability within the next 12 months. He spoke on the sidelines of the World AI Conference in Shanghai.

WT Financial Group (ASX:WTL) reported a 20% increase in full-year pre-tax net profit to $6.6 million.

Jade Gas (ASX:JGH) signed a non-binding agreement to secure up to $1.1 billion in development funding for Red Lake.

Olympio Metals (ASX:OLY) has completed due diligence to acquire two critical mineral projects in Montana and Idaho.

LinQ Minerals (ASX:LNQ) appointed Harrison Donner as CEO effective July 16.

CGN Resources (ASX:CGR) has commenced a 4,000-metre reverse circulation drilling programme at its Christmas Well Project.

Coast Entertainment Holdings (ASX:CEH) has secured Queensland Government approval for a mixed-use development application across its 55-hectare Coomera landholding.

AIC Mines (ASX:A1M) announced a three-year production outlook targeting up to 27,000 tonnes of copper in concentrate per year by FY29.