AI Industry Development & Policy Dynamics

Bengaluru-based Soket AI, selected under the IndiaAI Mission, launched LOOP on October 8, 2026, an open-source framework for AI agents that supports developers' own models and infrastructure. The developer preview is available on GitHub for Linux, macOS, and Windows, featuring model base URLs,

At TOKEN2049 Singapore, TRON founder Justin Sun stated that the convergence of cryptocurrency and AI agents will be the most important application scenario over the next five years. He highlighted that crypto, as a continuously iterable software technology, outperforms the stagnant traditional

According to Counterpoint Research, global foundry 2.0 market revenue reached $96.6 billion in Q2 2026, up 25% year-on-year and 11% quarter-on-quarter. The acceleration was driven by sustained demand for AI GPUs and expansion of AI infrastructure, including custom ASICs, server CPUs, networking

According to Chosun Daily, DeepX's board approved a third-party share sale on October 8, raising 14.7 billion won (US$11 million). Samsung Securities will invest approximately US$5.63 million in new shares, while SVIC 33rd, a fund managed by Samsung Venture Investment, will contribute approximately

Applied Digital Corp. shares jumped nearly 5% in early premarket trading on Thursday after the AI data center operator reported fiscal first-quarter results that topped Wall Street expectations. Revenue for the quarter ended August jumped 322% to $341.9 million from $80.9 million a year earlier,

According to CEO Wes Cummins on the analyst call Thursday, Applied Digital reported fiscal first-quarter revenue of $341.9 million, surging 322% year-over-year and significantly exceeding analyst expectations of $116.3 million. Shares jumped nearly 5% in premarket trading. Cummins disclosed that a

According to Anthropic, Claude Haiku 5.5 launched on the Claude Platform and through Amazon Web Services, Google Cloud, and Microsoft Azure this week. The model costs approximately 75% less to run on average compared to Haiku 4.5, making it more accessible for high-volume tasks such as summaries,

According to TSMC on October 8, the company reported third-quarter revenue of 14.9 billion New Taiwan dollars, the highest on record, up approximately 50% year-over-year. September revenue reached 5.119 billion New Taiwan dollars, surging 54.6% compared to the same month last year, driven by

Deus X Capital is winding down operations three years after founding, CoinDesk reported on October 8. The digital-asset and fintech investment firm ceased operations after its key investors decided to pursue separate investment strategies, with formal liquidation scheduled to complete on

According to ChainCatcher, crypto and fintech investment company Deus X Capital has ceased operations and will be formally liquidated on January 31, 2027. Chief Investment Officer Stuart Connolly will oversee the transition. Founder Tim Grant will become CEO of TensorX, an AI business under the

Ant Lingxiao announced that its Ling-3.1-Flash model is now available on OpenRouter via Novita, a Day-0 partner. The model features 560 billion total parameters with 25 billion active parameters. According to Novita, the model will be available free of charge until October 13 at 9 AM

According to Jin10, data center investments in Finland have exceeded €670 billion (approximately $750 billion) on October 8. Following Google's announcement last month of its largest European investment in the country, multiple companies including Alibaba and Applied Digital have recently

According to Reuters and Chinese Foreign Ministry spokesperson毛宁 on October 8, U.S. cybersecurity firm CrowdStrike accused Chinese individuals and organizations of using artificial intelligence tools to attack South Korean financial institutions. When asked about the allegations at a regular press b

According to the Bank of Japan's regional economic report released on October 8, the central bank upgraded its economic outlook for 2 out of 9 regions: Shikoku and Hokuriku. The upgrades were driven by robust demand for artificial intelligence-related products, which is supporting production. The

According to Reap, the Hong Kong stablecoin payments fintech announced on October 8 a partnership with AIR, Minds by Animoca Brands, and Palo Alto-based startup Pivota to develop AI purchasing for verified users within pre-approved spending limits. Under the setup, AIR will verify user identity, Min

On October 8, China's Foreign Ministry spokesperson Mao Ning responded to questions about the timing of the first meeting of the China-U.S. AI dialogue mechanism, stating that details should be directed to relevant departments. The ministry did not disclose when the meeting would take place or

According to Grok Bot developers, SpaceX's AI assistant has updated its X search and monitoring capabilities to allow users free access without binding X accounts or configuring API connectors. Users can now search posts and track topics directly through the bot's built-in tools. Combined with

McKinsey & Company senior partner and North America chairman Eric Kutcher stated at a media event in New York on the 7th local time that artificial intelligence could raise US productivity and drive GDP growth to near 4%, positioning AI as the most viable solution to alleviate the country's