Dow Jones Top Company Headlines at 3 AM ET: China's Moonshot AI Releases Model to Challenge Top U.S. Systems | Meta ...

At 3 a.m. ET headlines from Dow Jones highlighted a mix of technology, industrial and corporate developments. In China, Moonshot AI released a model it says can outperform some top U.S. systems, signaling growing competition in advanced AI. Meta was reported to plan hiring Dave Brown, a senior Amazon Web Services executive, as it weighs a cloud push. Databricks was set to reach an $188 billion valuation after new investment from Coatue, a jump of 40% tied to AI-driven demand for data analytics software. Volvo Car expects stronger sales in Europe and a recovery in the U.S. in the second half of the year despite challenges in China. Elsewhere, Netflix said revenue and profit increased but it expects growth to slow and will release its viewership report annually. The roundup also noted Verizon cutting about 3,000 jobs and divesting 274 retail stores, Alcoa lowering full-year alumina guidance due to issues at its Pinjarra refinery, and Honda stopping U.S. sales of its Prologue electric SUV. Chinese automaker XPeng unveiled the L03 SUV in Munich.