AI Industry Development & Policy Dynamics

According to its official statement, Russia's State Duma (lower house of parliament) passed an artificial intelligence regulation law yesterday (July 8), establishing legal framework for the development and application of AI foundation

According to Reuters on July 8, South Korea's KOSPI index declined as semiconductor stocks weakened amid concerns over artificial intelligence reaching a peak. The market also faced mounting investor anxiety over high-risk investment products, which dampened overall

According to ChainCatcher, decentralized AI protocol Prime Intellect completed a $130 million Series A funding round led by Radical Ventures, with participation from NVIDIA Ventures, Intel Capital, Dell Technologies Capital, and existing investors. The company has raised over $150 million to date. P

According to Beating, Volcano Engine launched Seedream 5.0 Pro API for image creation, enabling pixel-level local editing. Designers can select specific areas to adjust positions, replace materials, or separate layers without redrawing the entire image. The model supports direct text generation in 1

According to Bloomberg, Allianz SE announced on July 7 plans to cut 1,500 to 1,800 jobs at Allianz Partners, its Europe-based travel insurance and assistance unit, as the German insurer expands its use of AI tools. The cuts are expected to be implemented through voluntary severance agreements,

According to Beating AI, SambaNova completed a $1 billion Series F funding round at a $11 billion post-money valuation. General Atlantic led the round, with participation from Seligman Ventures, T. Rowe Price, and Capital Group. The AI chip and infrastructure company also announced that JPMorgan

South Korean Prime Minister Han Seong-sook announced on July 9 that the government will accelerate artificial intelligence transformation in the public sector, stating that the AI democratic government aims to create a capable and friendly administration where citizens are the owners. Speaking at th

BNB Chain announced plans to launch a new Layer 1 blockchain in early 2027 specifically designed for agentic trading, targeting transaction pre-confirmation times below 50 milliseconds and transaction throughput exceeding 100,000 TPS with sub-second finality. The chain will eliminate public

Since early July, a deep fake video created using AI technology depicting Cristiano Ronaldo (C Ronaldo) has been widely circulated on platforms such as Instagram, Facebook, TikTok, and YouTube. In the video, the fake C Ronaldo claims, "If you invest all your money into USWR by the end of July, you'll be very happy," and directs viewers to a fake website; C Ronaldo has never made such statements. Source of the Deep Fake Video: An interview with La Vanguardia on July 3, where C Ronaldo praises Mod

According to NCS, the Singapore-based technology services company recently expanded its Sunshine.AI suite with tools for building AI agents and no-code application development. The enhanced platform targets enterprise AI deployments with built-in governance, safety, and data controls. The

Meta announced at a press conference in Calgary on July 8 that it will build a 1-gigawatt (1 GW), 2.9 million square foot AI data center in Sturgeon County, Alberta, Canada; the investment is estimated to exceed 13 billion CAD (about 9.2 billion USD), making it the company's first data center in Canada and its largest outside the United States. Data Center Specifications and Business Significance: 1 GW, 2.9 Million Square Feet According to Meta's official statement, the core specifications of th

According to Reuters, Chinese AI startup MiniMax Group is developing an open-weight language model with 2.7 trillion parameters, expected for release in the third quarter of 2026. If released, it would surpass China's current largest models, including Meituan's LongCat-2.0 and DeepSeek's V4-Pro,

According to Beating, Cognition released its new AI programming model SWE-1.7, now integrated into Devin. Built on Kimi K2.7 Code by Moon Dimension, SWE-1.7 performs near GPT-5.5 and Claude Opus 4.8 levels while significantly reducing generation costs. The model achieves 1000 tokens per second

SpaceXAI officially released Grok 4.5 on July 8, positioning it as their most powerful AI model to date, designed for code writing, agentic tasks, and advanced knowledge work; the highlight of this release is its joint training with the well-known AI code editor Cursor. Benchmark results include a 64.7% success rate on SWE Bench Pro. Grok 4.5 Trained with Cursor: 64.7% on SWE Bench Pro According to SpaceXAI, Grok 4.5's performance on various benchmarks is as follows: SWE Bench Pro: 64.7% success

According to LinkedIn source Tal Shoham, Israeli AI startup Velocity raised $27 million in a seed round led by NFX and Red Dot Capital Partners on July 9, as it launched its AI advertising platform. The platform turns user messages in AI conversations into real-time advertising opportunities and

According to Fortune, Palmer Luckey, founder of defense-tech company Anduril, recently warned that the real gap in U.S.-China AI and advanced manufacturing competition is not technology itself, but talent cultivation systems. In an interview with the Hoover Institution, Luckey stated that the true c

AI startup General Intuition CEO Pim de Witte revealed in a July 8 interview on the TechCrunch podcast that the company is training AI world models using hundreds of millions of hours of gameplay videos, which can be fine-tuned in just 8 minutes with real-world data to enable smooth movement in actual environments. General Intuition completed a $320 million funding round at a valuation of $2.3 billion. The Core Advantage of Game Data: Why Precise Action Labels Outperform Ordinary Web Videos (Sou

According to Techcrunch, Swedish AI application development platform Lovable is in talks to raise $300 million at a $13.2 billion valuation. Menlo Ventures is expected to lead the round, following its recent announcement of a new $3 billion fund. The startup, founded less than three years ago,

According to Yahoo Finance, on Wednesday (July 8), Meta announced its first Canadian data center in Alberta as part of its AI infrastructure expansion. The facility will have 1 GW capacity and become Meta's 33rd global data center with an investment of approximately $9.18 billion. The construction i

According to MSX.COM data, U.S. stock indices closed mixed on July 9: the Dow Jones fell 1.09%, the S&P 500 declined 0.28%, and the Nasdaq rose 0.2%. AI stocks broadly gained, with Arista Networks up 8.76%, CoreWeave up 7.75%, AMD up 7.31%, Baidu up 4.93%, and Broadcom up 4.83%.