Helsing raised $1.8B as AI stocks fell
Two markets moved in opposite directions on Monday. In public, investors kept selling anything tied to heavy AI spending: Apple, the one big tech company that skipped the data-center race, has added about $650 billion in market value since late June while chip stocks fell. In private, the Munich defense-AI maker Helsing closed a $1.8 billion round at an $18 billion valuation — larger than the $1.2 billion it first sought. And Shein won Beijing's approval for a Hong Kong listing, reopening an exit it had been denied in New York and London.