AI Industry Development & Policy Dynamics

According to Zhitong Finance, Rui Wei Technology (07656), a visual embodied AI enterprise, officially launched its IPO subscription today (June 29) with shares priced at HK$21.66 per share. The company plans to issue 28.087 million H-shares and raise approximately HK$608 million, with listing

Gate News, June 29 — According to Gate market data, as of press time, UNA (Unagi) is currently trading at $0.00122, up 348% in 24 hours, with a high of $0.00212 and a low of $0.000383. The 24-hour trading volume reached $78,900. The current market cap is approximately $158,200. UNA is the Web3 gaming ecosystem token of Unagi, serving as a universal ticket to the entire Unagi game series, providing users with a seamless experience across various genres and platforms. Founded in 2022 by former Ubi

According to Jin10, Hong Kong artificial intelligence stocks surged today (June 29), with Xunce (03317.HK) rising over 22%, Horizon Robotics (09660.HK) up over 11%, and Bilibili (09626.HK) gaining over 5%. Other AI-related stocks including Kingdee International and Kingsoft Cloud followed

New York Congresswoman Alexandria Ocasio-Cortez (Democrat) said on June 28 that Congress should consider breaking up companies like Apple that have grown too large and create protections for consumers. This follows previous reports that Apple may soon raise prices for iPhones and laptops due to tight processor chip supply chain. Apple CEO Tim Cook recently said in an interview that price increases are inevitable. AOC Calls for Breaking Up Big Tech Like Apple AOC said: "We need to break up a lot

According to BlockBeats, on June 29, Austria proposed to the European Union that Anthropic should be introduced into European operations to counter U.S. restrictions on exporting its most advanced AI models

According to an announcement at the 2026 Asia Logistics Biennial Expo on June 24, autonomous vehicle platform Heidi Zhijia (03881) unveiled its 'Heavy-Load Embodied AI' positioning. The company announced plans to expand from transportation operations to broader mining worksite automation,

According to official statement, Solana-based AI data marketplace Kled AI announced it secured $3 million from The Data Foundation, bringing its total funding to $14 million. The platform operates a human data market where users contribute data through consumer applications. Kled AI has collected

According to Crypto.news, AI-native blockchain development framework Canopy completed an $8.5 million seed round, with participation from Arrington Capital, Fenbushi Capital, Borderless Capital, and SNZ Capital. The funds will support mainnet launch and engineering team expansion, expected in the co

According to BlockBeats, on June 29, HP announced an expansion of its strategic partnership with OpenAI's Frontier model, scaling pilot projects to enterprise-wide deployment across customer service, partner experience, employee productivity, and software development. Pilot programs demonstrated si

According to CoinDesk on June 29, Binance founder Changpeng Zhao attributed the 2026 crypto bear market to multiple factors including capital flowing toward AI investments, geopolitical tensions, and the crypto market's regular four-year cycle. He plans to strengthen Binance.US by integrating it

According to Mono Technologies founder Tomaž Zaman, the company's 8GB Micron DRAM procurement cost for its flagship router development kit has surged from $35 to $300, marking an eightfold increase as AI infrastructure expansion strains global DRAM supplies. The Slovenian hardware startup faces a di

According to South China Morning Post, DeepSeek introduced DSpark, a speculative decoding framework for its V4 model family, today (June 28), increasing per-user response speeds by up to 85%. The framework uses a lightweight draft model to propose candidate responses, which a larger model then

According to The Verge and Wall Street Journal on June 29, Zhipu released its open-weight model GLM-5.2, which researchers claim demonstrates comparable vulnerability detection capability to Anthropic's Mythos model in certain cybersecurity scenarios. According to Semgrep data, GLM-5.2

According to Bloomberg, Australian AI infrastructure startup Firmus and Singapore-based data center operator DayOne will develop a 360-megawatt campus in Batam, Indonesia, set to launch in the first quarter of 2027. Under an eight-year partnership with Nvidia, the project will secure infrastructure access for up to 170,000 AI accelerator chips in 2027 and 2028, with committed offtake valued at US$25 billion to US$30 billion over the partnership's first six years.

Elon Musk announced that Grok 4.5 is currently undergoing private testing at SpaceX and Tesla. The model is built on xAI's 1.5 trillion-parameter V9 foundation model and incorporates Cursor data in supplementary training. Early evaluations indicate its performance is on par with or may exceed

According to Reuters, Baidu's AI chip subsidiary Kunlunxin is planning a Hong Kong initial public offering with a target valuation of $50 billion. As part of the fundraising, prospective investors are being asked to purchase chips worth 3 to 7 times their planned share subscriptions, significantly above Kunlunxin's last disclosed private valuation of approximately $2.97 billion from a 2 billion yuan fundraising.

According to Anthropic's latest survey of approximately 9,700 users, about half of Claude users report that AI currently handles over 50% of their workload. The survey found that 33% of respondents believe Claude can complete 30% to 60% of tasks, while 14% estimate the share at 60% to 90%, and 4%

According to Reuters citing Financial Times, Google has restricted Meta's access to its Gemini AI model due to insufficient computing capacity. Google informed Meta around March 2026 that it could not meet the full computing resources Meta required, causing delays to several of Meta's internal AI

Coinbase CEO Brian Armstrong stated on 上週五 (26日) that the cryptocurrency exchange has set Chinese open-source AI models GLM 5.2 and Kimi 2.7 as the default large language models for internal engineers. Armstrong reported that Coinbase cut AI spending by nearly half through routing optimization and c

According to the Bank for International Settlements, on June 28, the global economy faces multiple pressures including questions over the sustainability of the AI boom, financial system fragility, tight public finances, and rising inflation. The bank's report also highlighted a new threat: the