AI Industry Development & Policy Dynamics

According to a Hong Kong filing, MiniMax raised its three-year Alibaba Cloud spending cap 220% to US$1.2 billion on August 27, after consuming approximately two-thirds of its 2025 budget by June 30. The Shanghai-based AI startup plans to spend up to US$300 million on Alibaba Cloud services in 2025,

Marvell Technology, Inc. (MRVL) shares dropped 8.2% in early premarket trading after the chipmaker reported its second-quarter results. The decline came despite Marvell signing a major new AI chip agreement with Google, as the company failed to provide a meaningful increase in its long-term

Anthropic released Model Hardware Standard (MHS) in research preview, enabling AI agents to directly operate physical machines including microscopes, liquid handlers, robotic arms, and quantum computing laser systems through a unified interface. The standard reduces hardware integration time from

According to Salesforce's announcement on Wednesday, the company posted strong Q2 results and unveiled an expanded partnership with Anthropic to integrate Claude AI models into its platform. CRM stock surged 22.6% on Thursday—its best single-day move in six years—before pulling back slightly

Google has begun internal testing of Gemini 3.8 Flash Preview model, which is now available on Jetski, the company's internal engineering platform, for employee trials. According to internal testers, the 3.8 Flash version shows notable improvements over the 3.7 Flash iteration, though staff noted co

Anthropic announced on August 27 that it is releasing 10,000 Claude subscription seats specifically for scientists, with standard access available at no cost or premium seats at $15 per month for one year. To qualify, users must be principal investigators at accredited institutions working in

According to Beating, the People's Bank of China will issue the "Science and Technology Innovation (Artificial Intelligence)" commemorative gold and silver coins in September. The set includes one gold coin and two silver coins, all legal tender. The 5-gram gold coin features chip, brain

LG Group faces divergent impacts from AI expansion across its business portfolio, according to analysis presented at a Korea Ratings web seminar on the 28th. Ha Hyun-soo, senior researcher at Korea Ratings Corporate 3 Division, stated that while AI-driven data center growth creates opportunities

According to Korean Enterprise Valuation, on August 28, LG Group faces mixed impacts from the AI boom. While data center and energy storage unit businesses benefit from expanding AI infrastructure investments, consumer electronics units face margin pressure from rising memory prices driven by AI inf

IREN Ltd. shares fell more than 8% in overnight trading late Thursday after the bitcoin miner and AI infrastructure company reported quarterly earnings below Wall Street expectations. The company posted fiscal fourth-quarter revenue of $137.2 million, missing the $157.14 million analyst consensus, w

IREN Ltd. shares tumbled 8% in overnight trading late Thursday after reporting fourth-quarter revenue of $137.2 million, missing analyst consensus of $157.14 million, while adjusted loss widened to $0.41 per share versus expectations of $0.34. The bitcoin miner and AI infrastructure company's AI

According to sports business journalist Joe Pompliano, Nvidia has agreed to acquire open-source AI platform Hugging Face for $12.9 billion. The deal would transform Kevin Durant's early-stage investment into an estimated $60 million windfall, representing a 240x return. Durant and his business

According to Jin10, Anthropic plans to file its IPO prospectus after Labor Day (September 7) and may go public in late September or early October.

According to CNBC, OpenAI has rolled out advertisements on ChatGPT in India, targeting free users and those on the 399 rupee ($4) per month 'Go' plan. The move aims to support broader access to lower-cost tiers while boosting monetization ahead of its planned 2027 public listing. The ad feature is a

SoftBank Group is seeking a $10 billion loan to help refinance debt related to its OpenAI investment, according to recent reports. The funding represents part of a broader debt financing strategy around the OpenAI investment, alongside a potential $20 billion bond offering. The loan proceeds may par

According to Securities Times, on August 27, SenseTime's large-scale computing cluster began providing computing power and token services for Zhipu AI's newly launched GLM-5.3-Flash model. SenseTime's daily token service volume reached 2.42

According to Odaily Star Daily, Hong Kong's artificial intelligence concept stocks declined today (August 28), with Zhipu (02513.HK) falling over 8% and Minimax-W (00100.HK) sliding over 5%.

According to Beating AI, Tencent released blind test results for its Hunyuan-4 (Hy4) model, evaluated by 163 internal experts on 203 engineering tasks. Hy4 achieved an average score of 2.99/4, surpassing GLM-5.3's 2.92/4 and Kimi K3's 2.94/4, with win rates of 46.8% and 51.2%

Bae Ho-jin, ETF Operations team leader at KB Asset Management, advised investors to avoid emotional attachment to stocks during an interview on August 19 at the company's center in Yeongdeungpo-gu, Seoul. The 38-year-old fund manager warned against overconfidence from past profitable trades,

According to Hankyung, on August 19, Bae Ho-jin, a 38-year-old fund manager at KB Asset Management's ETF division, warned investors against emotional attachment to stocks and overconfidence bias. Speaking to the media, Bae emphasized the importance of maintaining emotional distance from individual h