AI Industry Development & Policy Dynamics

SenseTime open-sourced two projects on Oct. 21: the embodied AI evaluation framework SenseNova-RoboRSI and the 27B-parameter embodied model SenseNova-RoboRSI-27B-Preview. Testing found that, after providing access to training demonstrations and increasing the step limit to 10 times the official setting, inference costs were extremely high. GPT-6-Astra Tested on 12 Simulated Benchmarks and 8 Physical Robots According to SenseTime’s test report, when access to training demonstrations was provided

Gate News reports that, according to an announcement from Gate, the platform has launched Meme Gem (Trenches), an on-chain trading product, and listed two new coins. Kimchi (full name: Aura Final Boss) is built on the SOL blockchain, with contract address CSocnzcRpgSCr1naKcNTieWZUxb6rABe45j844m7pump; .ai (full name: Agentic Inu) is built on BSC, with contract address 0x7ffcf7b3b52adcc00c76f50ce2e37bf3c7e215dc. Meme Gem focuses on a social trading ecosystem for meme coins and will support communi

South Korean AI infrastructure provider Elice’s stock fell as much as 32% on its first trading day on Oct. 20, then rebounded about 30% the following day. The company priced its IPO at the top of the offering range, raising KRW 201 billion (about $151 million). Several analysts pointed out that the AI trade is shifting from a stage in which “announcing capital expenditures is automatically bullish” to one in which “investors are asking who can actually earn back the investment.” South Korea’s El

According to YourStory, Hunar.AI, an India-based startup building AI tools for frontline hiring and workforce management, raised 400 million rupees ($4.15 million) in Series A funding led by Blume Ventures. Other investors included Hyderabad Angels Fund, Together Fund, Seedstars, AVNM Ventures, and

In the early hours of Oct. 21 Beijing time, Gate stock quotes showed SpaceX (NASDAQ: SPCX) at $159.97 in U.S. after-hours trading, up $12.18, or 8.24%, from the regular-session close of $147.79. The reaction was triggered by a third-quarter 2026 earnings report that exceeded expectations on nearly every core metric: revenue of $14.6 billion, up 161% year over year; net profit of $4.4 billion, compared with a loss of $1.1 billion in the same period last year; adjusted EBITDA of $8.8 billion, up 3

Elon Musk stated at the SpaceX Q3 earnings call on October 20 that he believes merging Tesla and SpaceX would be a “good idea.” At shareholders’ request, both companies have established special committees composed of independent directors to discuss the matter. Regarding the voting threshold, he noted that support from 50% of all Tesla stockholders—not just those who vote—is required as a prerequisite, adding, “That’s a fairly high bar.” Musk’s Position: The Merger Is a “Good Idea”; Special Comm

According to Yonhap News, Chen Guangyu, 17, who participated in developing Moonshot AI's Kimi K3 model, has left the company. Social media account 'Aper Grok', which tracks U.S. AI talent movements, claimed he joined Discovery Loop. Chen and Discovery Loop have not publicly confirmed the move. Chen

According to SpaceX's Q3 earnings call today, Elon Musk stated that the company will deploy an additional 10 gigawatts of computing capacity in 2027, with an expected baseline of 13 gigawatts by year-end. Musk described SpaceX's strategy of applying its aerospace engineering expertise to ground

Filecoin is transitioning from a capacity network to a revenue-generating business model focused on addressing storage demands from artificial intelligence applications. The strategic shift was shared by CryptoTwitter commentator @Filecoin, marking a pivot toward AI-driven storage solutions. The

The chip manufacturing company Terafab, a joint venture between SpaceX and Tesla, was announced by Elon Musk during a SpaceX conference call on Oct. 20. It plans to begin mass production in the third quarter of 2028, producing 1 terawatt of computing power annually to support its AI and robotics businesses. Musk admitted that this timeline is “extremely challenging,” stating bluntly that “achieving mass production in the third or fourth quarter of 2028 is an almost absurdly fast schedule.” Teraf

On Monday (October 19), Danny Moses, the trader known for profiting from the 2008 housing crisis, compared AI infrastructure provider CoreWeave to shared-office company WeWork, questioning whether the company can generate sustainable profits while carrying $51.6 billion in combined debt and

According to Google Cloud's official blog, Google announced the open-sourcing of TorchTPU at PyTorch Conference 2026 on October 21, developed jointly with Meta's PyTorch team with code now published on GitHub. TPU is now a native hardware option for PyTorch alongside GPU and CPU, requiring only

According to Jim Cramer, AI stocks rallied on Monday (October 19) after last week's selloff, but investors should not rush to buy dips as a true bottom remains unconfirmed. The Nasdaq Composite dropped 4.5% last week while the Nasdaq 100 fell 5.5%, with the Philadelphia Semiconductor Index posting i

Chinese Online disclosed in its investor relations activity record that 55% of China’s AI token consumption is used for short-drama and video generation, while 24% is used for e-commerce advertising. This disclosure led to the claim that “more than half of China’s AI computing power is being used to produce addictive dramas” spreading widely online. Liu Xing, head of public relations at Doubao, responded on Oct. 19, saying that the data was “not very reliable” and revealing that ByteDance uses o

According to jie jie News, autonomous delivery robotics company Neolix completed a new funding round of approximately $400 million on October 21. The National Artificial Intelligence Industry Investment

NEAR Protocol introduced new features for its Agent Market that allow users to build and own agents capable of generating recurring revenue. The blockchain platform announced the update to boost user engagement by enabling buyers to hire agents at user-defined prices, enhancing earning potential for

According to Guru Club, Ken Griffin, founder of Citadel, stated on October 21 that artificial intelligence is "almost certainly" in a bubble, with companies that survive the downturn positioned to become market leaders for decades. Griffin noted that U.S. enterprises show uneven success in

Bond and stock markets have shown divergent behavior in recent months as concerns about massive AI capital expenditure override traditional interest rate dynamics. In September, US inflation indicators (CPI and PPI) significantly exceeded expert forecasts, yet global bond yields fell substantially d

According to OpenAI Developers, on October 21, OpenAI API now supports 12-hour prompt caching, allowing developers to cache shared instructions, tools, and context at lower cached input rates, even across requests separated by hours. The feature targets agents that run continuously and reuse context

According to ChainCatcher citing Dujia, Alibaba Cloud launched CleverSee (Chinese name "Kaaixi"), an AI-native search service, in mid-September by consolidating its previous IQS (Information Query Service) and CleverSee offering. The product combines search and Q&A capabilities tailored for