AI Industry Development & Policy Dynamics

According to Guru Club, Tencent's WorkBuddy announced the integration of the Kimi K3.1-Pro model on October 24. The platform simultaneously rolled out the Kimi K3.1 Pro Highspeed variant, offering the same intelligence level with output speed approximately 2-3 times faster. The feature is

According to Goldman Sachs, the latest forecasts show up to 9% of workers—approximately 15 million—could be displaced by AI, up from previous estimates of 6-7%. The bank's chief economist Jan Hatzius noted that AI adoption remains in its early stages, with fewer than 25% of companies currently

According to BlockBeats, on October 24, Rich Privorotsky, head of Europe fixed income and equities trading at Goldman Sachs, said the bank's prime brokerage business experienced record-scale tech stock selloffs

According to Bloomberg, SpaceX's proposed $40 billion AI funding round has faced obstacles recently as credit market volatility makes financing negotiations more complex. The company was planning to use a special purpose vehicle (SPV) structure to move related debt off its balance sheet and

According to Amazon CEO Andy Jassy, AWS's core AI computing capacity for 2026 is fully sold out, with 2027 nearly sold out and most of 2028 capacity already pre-booked. Jassy made the remarks in a podcast with Andreessen Horowitz published this week. AWS will continue to reserve computing

According to Benzinga, Micron announced at a recent technical conference a roadmap for next-generation vertical high-bandwidth memory (vHBM) with a 2TB/s bandwidth target and plans to begin mass production in 2028. The architecture directly stacks DRAM on top of processors to shorten data

According to Beating, DeepSeek recently disclosed that its inference framework DeepInfer processes 1.55 quadrillion tokens daily. Based on DeepSeek API off-peak pricing, the company said a single GPU hour generates approximately $38 in theoretical billing revenue. If operated continuously

Chainlink co-founder Sergey Nazarov participated in a panel discussion at Sibos 2026 alongside J.P. Morgan and GLEIF, focusing on the implications of agentic AI in custody and asset servicing. The discussion explored how AI could function as a market participant in financial operations. This

According to Foresight News and Lookonchain, an institution transferred 156,690 AAVE (worth approximately $22.86 million) and 19.74 million WLD (worth approximately $10.04 million) after remaining dormant for over one year, suggesting potential selling intentions. To date, the institution has

According to Reuters and Bloomberg, Chinese AI startup DeepSeek has completed a Series B funding round of approximately 100 billion yuan (about 15 billion dollars) as of October 2026, marking one of China's largest AI financing deals. Leading investors include battery maker CATL and tech giant

According to BlockBeats, on October 24, Anthropic plans to launch its IPO in mid-November with a target valuation of $2 trillion, though the timing faces uncertainty amid recent AI sector selloff and narrowing market window. Under SEC

According to CNBC reporting on Oct 23 at Berlin GTC conference, Nvidia CEO Jensen Huang warned that AI infrastructure funding demand far exceeds currently available capital supply. The statement comes as neocloud providers' stock prices tumbled on Oct 22, with CoreWeave (CRWV-US) falling

According to a recent Bloomberg television interview, Blackstone CEO Steve Schwarzman revealed that the investment firm's massive push into artificial intelligence stemmed from a chance 2015 encounter with Alibaba founder Jack Ma during a flight in China. Schwarzman recalled that Ma initiated a

According to its official statement on Friday (October 24), OpenAI will train its frontier AI models in a completely internet-disconnected closed system. The company has established an isolated environment called the 'Offline World' dedicated to frontier model training, ensuring no internet access d

The UK government announced plans to establish an AI Biosecurity Lab with £100 million in funding, with support from OpenAI, Anthropic, and Google DeepMind. The lab will use AI to detect and monitor biological threats. OpenAI and Anthropic will provide additional £200 million in AI computing

According to Andy Jassy on October 24, Amazon Web Services has sold out cloud capacity through the end of 2027, with substantial customer orders extending into 2028. The Amazon CEO attributed the rapid capacity depletion to surging demand from artificial intelligence labs and enterprises seeking to

In US Stock Market News today, Micron Technology (MU +2.46%) is one of this year's biggest artificial intelligence (AI) success stories, with the stock trading at about $900 as of Oct 23, 2026 at 8:02 AM EST (5:32 PM IST), climbing so significantly that it earlier surpassed $1,200. The maker of

According to MarketWatch, analysts believe Nvidia (NVDA-US) could serve as a defensive option for investors seeking to maintain exposure to artificial intelligence while reducing risk as Wall Street reassesses the sustainability of massive AI spending and related debt risks. Nvidia's stock has

Mastercard launched a new payment solution leveraging USDC to simplify transactions for agents in agentic finance. The initiative aims to streamline agent payments by integrating the stablecoin into mainstream payment systems. This move aligns with the growing trend of using stablecoins for

According to OpenAI, on October 24, the company discovered a remote code execution vulnerability in the widely-used Brotli compression library during red team testing. The flaw requires no authentication and affects software including Node.js, Bun, and Envoy that have the library built in. The vulne