AI Industry Development & Policy Dynamics

According to BlockBeats, Tencent's Hong Kong-listed stock surged over 5% today (July 6), reaching 453 HKD per share. The rally reflects a narrative shift for the company, which faced criticism for lagging in AI deployment. WorkBuddy, Tencent's AI assistant for enterprise collaboration, has

Singapore investment firm BSQ Capital Partners and AI financing company USD.AI formed a joint venture to provide financing for AI compute infrastructure operators across Asia-Pacific, according to official announcement. The venture targets up to $300 million in initial financing and could scale to $

According to an official announcement, AlphAi, a Web3 trading platform, recently upgraded its Polymarket-compatible prediction market experience with new features including AI analysis, real-time market signals, structured navigation, and crypto market categorization. Users can now access AI

Chinese e-commerce giant Alibaba Group has ordered a complete ban on employees using Anthropic's AI programming tool Claude Code starting July 10, classifying it as high-risk software, and requiring employees to switch to the group's self-developed Qoder tool. The ban covers Alibaba's global employees. According to reports from Reuters, Dow Jones and other foreign media, the reason behind it is related to concerns over "backdoor risks." Details of Alibaba's Ban: Claude Code Listed as High-Risk S

On July 6, NVIDIA officially announced the launch of a new Revenue-Sharing Model, allowing AI startups to exchange future revenue for GPU computing power without bearing the upfront huge hardware procurement costs; Sharon AI and Firmus are the first partners. First Partners: Sharon AI Deploys Up to 40,000 GB300 GPUs According to the official NVIDIA announcement, the first partners to respond to this business model are: Sharon AI, which is deploying up to 40,000 NVIDIA Grace Blackwell GB300 GPUs;

Recently, Japanese autonomous driving company Turing Inc. announced that AMD Ventures has become an investor and begun integrating AMD AI accelerators into its systems. The funding round raised $79 million at a $600 million valuation through a combination of equity and debt. Turing's executives

According to Beating, Generative AI (生数科技) recently completed a $500 million funding round, marking the largest single funding in China's universal world model sector. The funds will support model research and technology innovation. The company has established foundational models across three key ar

According to Physical Review Research, an international research team led by Finland's Aalto University recently discovered two new superconductors using artificial intelligence. The findings provide a new technological approach for more efficient screening and development of superconductor

According to Beating, developer Maxime Rivest has open-sourced riddle, a project that recreates the interactive experience of Tom Riddle's diary from Harry Potter on the reMarkable Paper Pro e-ink tablet. Users write prompts with a stylus, which automatically fade after input; a large language

According to Yonhap, South Korean President Lee Jae Myung on July 6 called for faster rollout of the government's chip cluster and AI projects, including quicker environmental reviews and parallel administrative procedures. Samsung Electronics and SK hynix have pledged a combined 800 trillion won

Hong Kong stocks face an unprecedented wave of lock-up share expirations as multiple IPOs from the past year reach their restriction periods, with brokerages warning of intensified selling pressure on the already struggling market. Morgan Stanley identified July and September as peak months for

According to Yonhap, KT Corp., a South Korean telecoms operator, announced on July 6 that it will invest approximately 18 trillion won ($11.8 billion) over the next three years to expand AI infrastructure and become an AI platform company. The investment includes 5 trillion won ($3.25 billion) for A

Ornn announces the completion of a $33 million seed round led by a16z Crypto. OCPI forms price benchmarks based on executed or settled transactions, covering H100, A100, H200, B200, and RTX series GPUs, standardized by hardware, region, and contract duration. It will be available on Bloomberg Terminal in April. a16z Crypto Leads $33 Million Seed Round, Eight Institutions Co-Invest According to Ornn's official announcement, the investors in this $33 million seed round are as follows: Lead: a16z C

Nikhil Rathi, CEO of the UK's Financial Conduct Authority, sounded the alarm today over risks posed by agentic AI in finance. "We need to think about new tools and a different way of working with the AI

According to Dragonfly managing partner Haseeb Qureshi, Venice is a centralized company, and its VVV token does not represent ownership or equity. Instead, VVV holders can stake tokens to mint DIEM and gain access to Venice's inference computing power, plus benefits from products like Venice Pro.

According to Beating, WeChat Work has introduced multiple AI recorders developed with hardware manufacturers, enabling one-click recording during offline meetings. The devices integrate seamlessly with WeChat Work's video chat app, capturing speech accurately even in noisy environments and

Citigroup cut its target price for MiniMax (stock code 00100) by 60%, from HKD 1,330 to HKD 533, while maintaining a 'Buy' rating. The downgrade reflects the pricing controversy and subdued market response surrounding the company's M3 model released in early June. Citigroup cited negative

Nvidia's Kyber rack-scale architecture, designed to house its 2027 Rubin Ultra chips, has been delayed by more than 12 months to 2028, according to research firm SemiAnalysis in a post on Monday. The setback stems from difficulties manufacturing a key circuit board at the heart of the system,

IREN Ltd. shares rose nearly 5% in overnight trading on Sunday following a report that Anthropic privately tendered for $15 billion in cloud capacity in Australia, a development positioning the neocloud company as a potential contractor for the AI startup. The Australian Financial Review reported th

According to The Australian Financial Review, IREN Ltd. shares rose 5% in overnight trading on Sunday after Anthropic privately tendered for 1.4 gigawatts of cloud capacity from Australian data centers. Anthropic's request for proposals, which was reviewed by AFR, was sent to CDC Data Centers,