AI Industry Development & Policy Dynamics

Coldcard wallet, manufactured by Coinkite, suffered the largest hardware wallet breach on record after a firmware bug enabled attackers to steal 1,778 Bitcoin worth approximately $112.7 million from over 8,600 addresses between July 30 and August 6, 2026. The vulnerability originated in firmware ver

According to its earnings report released on August 13, Wanguo Data-SW (09698) reported Q2 net revenue of 3.088 billion yuan, with net profit margin of 27.1%. The stock surged 13.3% on August 14, hitting a high of HK$35.16. The company also raised its full-year net revenue guidance to 12.7–13 billio

Over the past week, global risk assets underwent a significant valuation recovery. The S&P 500 and Nasdaq both refreshed their recent highs, with the trading focus shifting from defensive safe-haven positioning back to rate-cut expectations and the realization of AI earnings. Across the Pacific, South Korea’s KOSPI rose approximately 20% cumulatively, ending a seven-week losing streak and climbing back above the technical bull-market threshold. However, the quality and sustainability of this reb

Higgsfield, an AI video generation platform, announced on Monday, August 17 that it completed a $400 million funding round at a post-money valuation of $5.4 billion. The round was led by DST Global, Goldman Sachs (via its Equity Growth fund), Liberty Global, and Intel, with participation from

According to its official announcement, Ronyi Culture Group (00419) subsidiary Aino-bot (Chengdu) Technology and Longhu Property Services signed a five-year agreement to co-build and operate a robot management platform powered by the AIROBO operating system. The platform will enable multi-brand and

According to monitoring by Beating, Douban's latest version has officially introduced "work task" management on mobile devices. Users can now assign tasks, check progress, and adjust instructions via smartphone, then delegate execution to their desktop. The local AI Agent, previously requiring

According to Zhipu and Paradigm Group, on August 14, Zhipu's GLM-5.3 was officially released, and Paradigm's PhanRouter platform completed integration on the same day, becoming one of the first platforms to support GLM-5.3 calls. The new model, maintaining a 743 billion parameter scale, enhanced

EDCCS, a team of four Chinese university students, qualified for the SCAN 2026 blockchain tracking competition finals scheduled for September 28 in Seoul. The team from three different universities—Qinhuangdao Northeastern University, Henan University of Economics and Law, and Chengdu University of

According to a Digital Asset interview, EDCCS, a team of four Chinese university students from different institutions, has qualified for the finals of SCAN 2026, the world's first digital asset tracking competition, scheduled for September 28 in Seoul. The team advanced from a preliminary round

A team of Upside Academy graduates has advanced to the SCAN 2026 finals scheduled for September 28 at Monaco Space in Seoul's Seocho District. The team, composed of fourth-year students and alumni from Ulsan University, Ajou University, Seoul Women's University, and Korea University, is among the to

According to ChainCatcher, German AI platform Amber completed a €7 million Series A funding round today, led by Ventech and NRW.Venture (NRW.BANK's venture fund). The company, founded in 2021, helps mid-market enterprises integrate fragmented data and build autonomous AI infrastructure. Funds will s

According to Baidu's official announcement at its AI Day event, the company unveiled GenFlow's official Chinese name as Kuuku AI. The platform reached 100 million monthly active users in April, with workplace AI tools accounting for 25 million+ of that user base. Baidu is rolling out desktop, web, a

According to Thibault Sottiaux, the head of OpenAI Codex, the service will integrate Astra, OpenAI's next major model announced but not yet released. Astra has demonstrated strong programming capabilities in internal assessments, showing marked improvements in agent programming and cybersecurity. Op

HIVE Digital Technologies reported revenue of $79.1 million for the three months ended June 30, 2026, marking a 73.5% year-over-year increase and a 10.2% sequential gain. The surge was driven by a 147% rise in Bitcoin production to 1,004 BTC and rapid scaling of the company's AI cloud business,

According to Goldman Sachs research, S&P 500 infrastructure stocks benefited significantly from artificial intelligence capital spending, with earnings per share growing 54% in the second quarter compared to the same period last year. In contrast, non-AI infrastructure companies within the S&P 500 s

Stripe Inc. has finalized an agreement to acquire OpenRouter for more than $7 billion, Bloomberg reported on August 16, citing people familiar with the matter. OpenRouter is a startup that lets companies switch between artificial intelligence models through a single connection. The price is more tha

According to Bloomberg on August 16, Stripe has finalized an agreement to acquire OpenRouter for more than $7 billion. OpenRouter is a startup that lets companies switch between artificial intelligence models through a single connection. The price represents more than five times the roughly $1.3 bil

According to Woo Gun, a manager at Manulife Asset Management, the AI industry entered a commercial monetization phase in July as task pricing became standardized at $1-2 per unit. The shift followed market concerns over profitability, with the U.S. semiconductor index SOXX falling 21% in July and

Michael Burry warned about Big Tech AI spending risks after a WSJ analysis found nine technology companies had accumulated approximately $3 trillion in off-balance-sheet commitments, stating he had highlighted these concerns months earlier. The 'Big Short' investor shared the WSJ report on X,

Harvard University disclosed a $2.2 billion stake in SpaceX in a Friday regulatory filing, making the rocket maker Harvard's largest individual holding within its $4.3 billion U.S.-listed equity portfolio. SPCX shares rose over 1% overnight late Sunday following the disclosure. Mizuho reiterated