AI Industry Development & Policy Dynamics

According to PANews, AI wealth management platform Nevis announced on October 28 a $70 million Series B round led by EQT Ventures, with participation from new investors Charles Schwab and QuantumLight (founded by Revolut co-founder Nik Storonsky), alongside existing backers Sequoia Capital, ICONIQ C

On October 28, Zhang Kejun, deputy minister of the Ministry of Industry and Information Technology, met with He Meike, president of the U.S.-China Business Council, and member company representatives in Beijing. The two sides discussed cooperation in new energy vehicles, information technology, and

According to Guru Club, India's securities regulator on October 28 is considering launching a domestic artificial intelligence model for securities trading. The move aims to develop local AI capabilities for market

According to B.AI, ByteDance's Seedance video generation model series has been integrated into the B.AI API platform, with four models now available spanning flagship to lightweight tiers. Seedance 2.5 supports multimodal audio-visual generation with clips up to 30 seconds at 1080p 10-bit

Senior UK Judge Geoffrey Vos said artificial intelligence can rule on a substantial number of civil cases, with the key question being where to set boundaries on its use. As part of his final efforts before retirement, he aims to spark discussion among stakeholders on whether judges should adopt

According to the Hang Seng Indexes Company on October 28, the Hang Seng Tech Index will add Anthropic, PBC (ticker: ANT.O) to its designated U.S.-listed constituent stocks list, subject to Anthropic's confirmation of listing. The weighting of the nine existing U.S.-listed constituents will be

According to Science and Technology Innovation Board Daily, Baidu plans to disclose its world model research progress on October 28. The world model performs environmental modeling and prediction; when applied to autonomous driving, it could enhance prediction and decision-making in complex

According to Douyin's official statement released on October 28, the platform removed 1.135 million short videos violating AI usage policies in the past month. The company also suspended 507,000 accounts engaged in malicious marketing practices and guided 302,000 accounts toward compliant content

According to Yonhap Infomax, Japan's Nikkei 225 index rose 685.82 points (1.08%) to 63,954.19 on October 28, while the TOPIX index declined 5.66 points (0.14%) to 3,991.71. Buying concentrated in semiconductor and AI-related stocks, following strong overnight demand for Meta's capital raise and SK

According to an official announcement on October 28, Sequoia China and Unitree announced the establishment of a joint initiative called 'Sequoia-Unitree Ventures Plan,' focused on discovering and investing in early-stage startups in embodied AI, robotics applications, related critical

According to SCMP, ByteDance is hiring for about a dozen robotics roles through its Seed AI research unit over the past few months, with most positions based in Beijing. The openings span hardware and software roles, including positions focused on data collection and model-training systems for robot

According to the 2026 Hurun China Rich List released by Hurun Research Institute on October 28, Bytedance founder Zhang Yiming tops the list with 670 billion yuan in wealth, marking a new personal record with a 200 billion yuan increase year-over-year. DeepSeek co-founder Liang Wenfeng makes his

According to its SEC S-1 filing submitted on October 26, 2026, Anthropic launched its IPO process, with reports indicating the fundraising could reach $100 billion, potentially setting a new global IPO record. The company disclosed that co-founders control 50.1% voting rights through a single

According to Enterprise Singapore on October 27, the Singapore government agency is expanding overseas support for startups through three initiatives. First, eligible startups can access lab facilities and technical expertise at Bakar Labs in California, with support covering up to 70% of

According to Hurun Research Institute, DeepSeek founder Liang Wenfeng ranked 7th on China's richest list on October 27 with an estimated personal wealth of 280 billion yuan, surpassing NetEase's Ding Lei and Li Ka-shing family. The 41-year-old entrepreneur made his first appearance on the annual Hur

US Stock Market News showed strong gains on Tuesday as all three major US stock indexes rose, with the tech-heavy Nasdaq Composite leading the advance, gaining 1.18 percent. The S&P 500 rose 0.6 percent, while the Dow Jones Industrial Average edged up 0.03 percent, as investors continued to

U.S. rapper Ja Rule was named chairman of the celebrity advisory board at intellectual property commercialization platform IPX on October 28. The Grammy-nominated artist, who is also listed as an IPX co-founder and founding shareholder, will lead efforts to design business structures that allow

LG Electronics' AI data center (AIDC) cooling solution cumulative orders surpassed 3 trillion won in Q3, marking a fivefold increase from the first half's 600 billion won. CFO Kim Chang-tae announced the milestone during the Q3 earnings conference call on the 28th, attributing the surge to a

According to LG Electronics CFO Kim Chang-tae on October 28, the company's AI data center cooling solutions accumulated orders surpassed 3 trillion won in the third quarter, representing a five-fold increase from the first half of the year. The surge was driven by a long-term supply contract