China's Moonshot plans IPO in six months after AI breakthrough A Kimi logo is pictured at the Moonshot AI stand, featuring the Kimi K3 model, during the World Artificial Intelligence Conference in Shanghai on Saturday. Moonshot AI has told investors it's preparing to list in as early as six months, seizing the opportunity to tap capital markets after its latest model upended industry perceptions of China's burgeoning capabilities and sent global tech stocks reeling. The Chinese AI pioneer has officially distributed the shareholder resolution to its investors, seeking the blessing of its backers on a Hong Kong listing, people familiar with the matter said. The initiation of the notification process indicates an IPO could happen as soon as within the next six months. Moonshot is now in the process of wrapping a fundraising round that may value the three-year-old startup at more than $30 billion, the people said.

Russians are returning to cash, as mobile internet shutdowns disrupt card payments, and more businesses seek to dodge tax under mounting financial pressure more than four years into the war with Ukraine. Russia has added 1.56tn roubles (£14.8bn; The spike comes amid a wave of Ukrainian drone attacks, which have repeatedly led the Kremlin to shut down mobile internet across large swathes of the country, leaving many unable to pay by card. The government says the aim of the shutdowns is to counter the drone strikes. Having cash on hand gives you some sense of control and security, one woman in Moscow told the BBC on condition of anonymity.

Drone video shows the scale of a major wildfire in northern Spain where more than 150 square kilometres have burned across an 80-km perimeter. A seventh night of US strikes cuts water to villages in Iran's south

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Fraud expert David Maimon warned Congress that criminals are using artificial intelligence to create deepfakes and fake documents to bypass government identity verification systems.

Andy Burnham's plans to move DSIT into the business department have not yet been signed off, with some experts saying they hope he will change his mind. Andy Burnham's plans to move DSIT into the business department have not yet been signed off, with some experts saying they hope he will change his mind. Andy Burnham's plan to scrap the government's technology department has triggered an angry backlash from MPs, Whitehall officials and tech experts. The incoming prime minister has asked officials to draw up plans to abolish the Department for Science, Innovation and Technology as part of a wider Whitehall shake-up. The plans have not yet been signed off, but they are causing significant disquiet among experts inside and outside government.

Is the war entering a new phase? Ukrainian drone strikes hit two sprawling warehouses belonging to Russia's major online retailer, Wildberries, in the Tambov and Moscow regions, killing nine people and wounding dozens, officials said on Saturday. Moscow's mayor said more than 370 drones had targeted the Moscow region. A seventh night of US strikes cuts water to villages in Iran's south Trump jokes that England turned Harry Kane into a'defensive player' Venice protesters rally against US ambassador's superyacht tour

Palm Beach County authorities ask women to come forward after a man allegedly used the dating app Hinge to meet victims before a sexual battery arrest.

India has successfully tested its first private-sector orbital rocket, marking a milestone in New Delhi's ambition to become a major player in the global space economy. The three-stage 22-metre Vikram-1 was launched from the Satish Dhawan Space Centre in Sriharikota and deployed customer payloads into a 450km (280-mile) low-Earth orbit, making India the third country to achieve orbital launch capability through private enterprise. It also carried experimental equipment, a lab-grown diamond and a miniature 18-carat gold sculpture commemorating India's national space programme. India Prime Minister Narendra Modi hailed the achievement, saying that it will "encourage countless youngsters to dream bigger and innovate fearlessly". Founded in 2018, Skyroot is among a new generation of Indian space startups that have attracted backing from global investors following the sector's liberalisation.

Is the war entering a new phase? Ukrainian drone attacks in western Russia have killed at least eight people and wounded dozens, according to local officials, as Ukraine and Russia continue to exchange strikes. Tambov Governor Evgeniy Pervyshov said on Saturday that an attack on Kotovsk struck a warehouse owned by Wildberries, Russia's largest online retailer. Another 25 people were wounded, including one person in critical condition and six seriously, with most of the injuries caused by shrapnel, he said. According to the governor, 28 drones had been intercepted.