China's Nio has agreed to pay $12 million for a 12.16% stake in Greenwing Resources. Lithium carbonate prices in China hit a record 501,500 yuan/tonne in September. Nio is gearing up to make its own battery packs starting in 2024.
Countries participating in the negotiations, including the United States, the United Kingdom, and European Union (EU) member states, are expected to sign the first legally binding international AI treaty.
The stock price of Chinese electric vehicle manufacturer Nio is soaring. Nio announced that its second-quarter revenue increased by 98.9% compared to the previous year, reaching $2.46 billion (approximately 3.2829 trillion won).
OpenAI announced that it has surpassed 1 million paid users just one year after launching the first business version of its generative AI-based chatbot.
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