
CATL: Profits Up 42% as Energy Storage, Not Just EVs, Drives Growth
Everyone's watching electric cars, but someone's making serious money from batteries, just not how you'd expect. CATL, the battery giant, just saw its profits skyrocket.
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Saturday, August 1, 2026
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Everyone's watching electric cars, but someone's making serious money from batteries, just not how you'd expect. CATL, the battery giant, just saw its profits skyrocket.

What goes up must come down, or at least slow down. Tech investors are now wary, even as profit forecasts climb.

Imagine all that AI money suddenly needing to be redistributed. That's what Neil Rimer, a big-shot venture capitalist, is predicting, and it's quite a statement.

Artificial intelligence isn't just code and algorithms; it's also a massive magnet for money. Joe Lonsdale, Palantir co-founder, clearly gets it, launching a new $1.5 billion fund.
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Imagine making money by exploiting tiny price differences, all on autopilot. A new GitHub project promises exactly that, or something close.

Imagine being in the middle of nowhere and your phone actually works. No, it's not magic, but Sateliot's big dream, now with more cash to make it happen.
Here we go again, it seems. Every time new tech promises the moon, someone dives in headfirst, often with other people's money. This AI gold rush might just end worse than expected.
Remember when Intel was the undisputed chip king? Well, they're now throwing a mountain of cash at their factories to reclaim that crown, especially in AI.

Imagine a continent finally getting truly connected, and someone's putting serious cash on it. Raxio is betting $380 million on African data centers, starting with Tanzania.

Some call it a bubble, others a revolution. Meanwhile, South Korea is already counting real money: an unexpected windfall.

The age of artificial intelligence isn't just creating models; it's also generating mountains of cash. SK Hynix proved this with the biggest foreign IPO in U.S. history.