AI Industry Development & Policy Dynamics

Michael Burry published a Substack blog post on Wednesday warning that much of the billions being invested in AI infrastructure could become 'sunk cost.' The 'Big Short' investor argued that 'compression' will eventually make some massive AI investments uneconomical, stating 'Ultimately, compression

According to BlackRock's October 6 report titled "The Machine-Native Economy," AI agents are likely to become a significant driver of cryptocurrency demand. The $15 trillion asset manager said that artificial intelligence models show a preference for Bitcoin and stablecoins as payment

According to his latest Substack post published Wednesday, 'Big Short' investor Michael Burry warned that much of the billions being poured into AI data centers and computing capacity could ultimately become "sunk cost" as token compression makes current investments uneconomical. Burry also said

Alibaba Cloud, the cloud computing division of Alibaba Group, announced on October 7 (local time) a partnership with blockchain network Sui to establish an on-chain payment environment enabling artificial intelligence (AI) agents to access cloud services. The collaboration integrates Sui Agent

According to Alibaba Cloud, on October 7, the company announced a collaboration with the Sui Foundation to make Alibaba Cloud services accessible to AI agents through Sui Agent Payments, a blockchain-based payment system. The partnership aims to enable AI agents to access cloud and AI services

Anthropic's Claude Haiku 5.5, released on October 8, is putting competitive pressure on domestic low-cost AI models. Chinese AI stocks fell sharply the same day: MiniMax dropped over 9%, Zhipu dropped over 6%, compared to the Hang Seng Tech Index's 1% decline. Haiku 5.5's API input pricing is $0.1

According to Business Insider, Amazon initiated a new round of layoffs on Tuesday (October 6), affecting fewer than 1,000 employees across customer service, platform support, and retail engineering roles, with teams in India and the United Kingdom also impacted. The company's spokesperson

According to Bitwise CIO Matt Hougan in a recent memo, NEAR's Intents product is forecast to generate approximately $45 million in fees this year, with cumulative trading volume surpassing $30 billion. NEAR surged 198% during the third quarter, and part of the generated fees will be returned to

ElevenLabs, a US-based AI voice software company, is opening a Singapore office today to serve as its Southeast Asia hub for local AI communications. The company, which raised US$500 million at an US$11 billion valuation, already serves regional customers including Funding Societies, Atome, AI

According to Bloomberg, Alphabet-backed Isomorphic Labs is negotiating a funding round at a valuation of at least $40 billion.

According to Singapore's Defence Science and Technology Agency (DSTA), on October 8, the agency partnered with the University of Pennsylvania's General Robotics, Automation, Sensing and Perception (GRASP) Lab to develop multi-robot systems for complex environments. The research focuses on

According to ChainCatcher, Alibaba Chair Cai Chongxin recently stated that open-source AI is Europe's best way to reduce reliance on U.S. and Chinese technology and build tech autonomy. He called for Europe to develop its own computing infrastructure for training and running AI models, noting no

According to ChainCatcher, Manus' parent company Butterfly Effect announced it has recently completed a funding round exceeding $500 million. The round was led by Boyu Capital and IDG Capital, with continued participation from existing investors Tencent, Sequoia China, and

Lee Eok-won, Chairman of South Korea's Financial Services Commission, announced comprehensive security reviews on the 8th. The announcement at a National Assembly Policy Committee audit addresses growing AI-based hacking threats following cyberattacks on seven financial companies within one week

According to Yonhap Infomax, on October 8, South Korea's Financial Services Commission Chair Yi Eok-won pledged to comprehensively review the financial sector's basic security framework during a National Assembly audit. Yi acknowledged that authorities' response to AI-driven hacking threats had

The web game “Taipei GTA,” developed with AI assistance by Taiwanese developer aicodewithme, recently went viral. Its latest update added a Hong Kong map, allowing players to fly from Songshan Airport to Tsim Sha Tsui. However, while launching the new map update, the developer asked about advertising placement opportunities in multiple comments and tagged Hsieh Meng-kung in an effort to seek investment from Shawn Capital, sparking online discussion about copyright awareness and the use of the GT

According to CNBC, New Constructs, an independent financial research firm, released a report on Tuesday calling Anthropic's planned Nasdaq IPO the "most absurd IPO of 2026" and valued the AI company at only $150 billion versus its targeted $2 trillion valuation. The research firm noted that Anthropi

According to OpenAI's preview on Oct. 7, ChatGPT for Teens will add College Planner, a college application planning tool that integrates application requirements, deadlines, to-do items, and financial aid steps. OpenAI's internal statistics show that, after more than 4,000 test prompts, newly created accounts linked to parents were able to discuss suicidal thoughts, self-harm, or eating disorders for up to one hour without the parent accounts receiving notifications. College Planner Feature Over