AI Industry Development & Policy Dynamics

Tencent’s native AI assistant for its messaging app WeChat, “Xiaowei,” began a limited trial on June 20. Users need to update WeChat to version 8.0.75. Access it by clicking the “Xiaowei” logo at the top-left of the main interface or by swiping right on the main interface. Xiaowei supports transferring money, setting reminders, managing Moments, and placing orders by calling mini programs such as Heytea, food delivery apps, and taxi services via text or voice. Xiaowei trial launches on June 20 —

ByteDance’s AI assistant Doubao was officially launched on June 24 with its Doubao Professional paid subscription service. This is the first time Doubao has charged end users since its launch in 2023. The three-tier tiered pricing is as follows: Standard plan monthly continuous subscription 68 yuan, Enhanced plan 200 yuan (Standard plan 4x quota), Premium plan 500 yuan (Standard plan 10x quota), and the Premium annual fee capped at 6,000 yuan. Doubao Professional’s three-tier pricing plan and st

DoubleLine Capital founder Jeffrey Gundlach and Swiss hedge fund manager Felix Zulauf warned in a June 22 discussion published by DoubleLine Capital that the market decline could reach 30% to 50%, while the top 10 AI-related stock weights in the S&P 500 have already reached 41%. The top 10 AI stock weights in the S&P 500 have reached 41% In the interview, Gundlach said the index weight of the top 10 AI-related stocks in the S&P 500 has reached 41%, forming an extremely concentrated holdings stru

According to Gate data, Hong Kong-listed AI stock Zhipu (02513.HK) surged over 13% today, with its market capitalization breaking back above HK$1 trillion.

According to Chosun Daily, South Korean messaging platform Kakao closed at 34,250 won (US$22) on June 23, approaching its all-time low of 32,800 won, despite integrating OpenAI's ChatGPT on June 16. ChatGPT for Kakao had reached 8 million users but showed short usage duration per user. Analysts

According to Japanese news agency Kyodo News, Masayoshi Son, founder and CEO of SoftBank Group, stated on June 24 during the company's shareholder meeting that he would remain in the business for another 10 to 15 years. This reverses his earlier plan to hand over leadership in his sixties. Son

SanDisk (Sandisk) shares fell by about 14% on June 23, as the global memory sector came under a selloff on the same day. Korean tech stocks dropped sharply and spread to U.S.-listed equities. TipRanks has featured stock professional James Foord, a top 3% five-star investor among its stock professionals. He began turning bearish on SNDK about a month ago, but recently publicly said: “I was wrong—edge AI changes everything,” and has switched to a “Buy” rating. Sandisk Financial Performance: Non-GA

Micron Technology’s (Micron Technology) stock price fell 10% at the close on June 23. On the same day, Bank of America raised its target price for the company from $950 to $1,500. The rationale for the increase is that the projected global semiconductor addressable market (TAM) for 2030 was raised to $2.7 trillion, driven mainly by strong growth in the memory and data center chip markets, accelerated AI spending, and the recovery of the automotive and industrial markets. Breakdown of the target

According to tech analyst @synthwavedd, OpenAI's GPT-5.6 and Google DeepMind's Gemini 3.5 Pro have been pushed back from their original June timelines. GPT-5.6, initially planned for this week, is now targeted for mid-July; Gemini 3.5 Pro's end-June launch has been canceled due to DeepMind's

Market pullbacks have historically been followed by periods of renewed interest in select altcoins. Investors are increasingly monitoring projects tied to AI, real-world assets, blockchain infrastructure, and payments. Render, Ondo, Bittensor, Sui, and XRP continue to appear in

According to NetApp, on June 24, NetApp and SK Telecom completed a proof of concept demonstrating that AI workloads on virtual machines could achieve at least 99% of bare-metal performance. The test used NetApp AFX systems, SK Telecom's Petasus AI Cloud, and NVIDIA GPUDirect Storage, achieving

According to the Associated Press, an American official said on Tuesday that Anthropic's Mythos model discovered vulnerabilities in highly sensitive U.S. government computer systems during a test. The official stated the test was conducted as part of "Project Glass Wings" (Project Glass Wings), an i

According to Foresight News and First Financial, Doublewen released a professional version of its AI assistant based on the latest Doublewen 2.1 series models. The service features office task mode with access to the Doublewen 2.1Pro model, enabling Agent tasks such as computer operations, browser u

According to Jin10, Doupack released its Professional version based on Doupack 2.1 Pro model on June 24, featuring Agent task execution capabilities including local computer operations, browser access, skill calls, and scheduled tasks. The new version adopts three-tier pricing: Standard plan at 68

UBS released a report on June 24 stating that Chinese AI companies are rapidly narrowing the performance gap with global leaders through targeted research and development, model architecture innovation, engineering optimization, and open-source collaboration, achieving significantly lower costs and

According to Bloomberg, Abu Dhabi's MGX, an AI-focused investment firm backed by Mubadala Investment Co. and G42, has raised close to $50 billion from regional sovereign wealth funds, global pension funds, and other large institutional investors for AI infrastructure and technology. The fund

According to PANews, Sahara AI announced on June 24 that it will extend the SAHARA token unlock schedule to demonstrate long-term commitment: investors face a 3-month delay, while founders, core team members, and advisors experience a 6-month postponement. The project confirmed that SAHARA

According to TechCrunch, Superhuman acquired AI detection startup GPTZero on June 23 for undisclosed terms. GPTZero, founded by Edward Tian, has over 19 million registered users and US$30 million in annual recurring revenue. The acquisition integrates GPTZero's detection products into Superhuman's e

According to Smilegate Investment, the South Korea-based venture capital firm reached an initial close of US$40 million on June 23 for its Next Pacific AI Fund. The fund will invest in U.S. pre-seed and seed-stage startups focused on B2B AI agents and AI-enabling technologies addressing