AI Industry Development & Policy Dynamics

According to The Information citing sources, Manus early investors plan to buy back the company from Meta for $2 billion on June 18, matching Meta's original acquisition price. The proposed buyback comes as China's government has pressured Meta to divest the deal, citing concerns over AI

Oppenheimer raised its price target on SpaceX (SPCX) to $250 from $190, citing approximately 26% upside potential from Wednesday's close, following the company's strategic acquisition of AI coding firm Cursor. The investment firm maintained an 'Outperform' rating and attributed the increased

According to Oppenheimer, SpaceX stock received a raised price target of $250 from $190 on Wednesday, implying 26% upside from the stock's close, following the company's $60 billion acquisition of AI coding firm Cursor. The firm maintained an 'Outperform' rating, citing improved visibility into Spac

According to Bloomberg, U.S. Senator Bernie Sanders recently introduced the American AI Sovereign Wealth Fund Act, which would levy a one-time 50% tax on the stock of the largest artificial intelligence companies in the United States. The bill aims to give American citizens a voice in AI company

Wells Fargo raised its year-end S&P 500 price target to 7,950, citing falling inflation, declining oil prices, and an AI-driven technology rally as key drivers of the forecast.

BitTorrent Inc. has introduced BTTInferGrid, a decentralized compute network designed to address the increasing demand for artificial intelligence inference services. The platform connects unused GPU resources from around the world with developers and enterprises seeking scalable AI computing

According to BitTorrent's official announcement on June 17, BitTorrent Inc. launched BTTInferGrid, a decentralized AI computing network built on the DePIN (Decentralized Physical Infrastructure Network) model. The platform connects idle GPU resources from participants worldwide with developers and e

According to BlockBeats, on June 18, Manus, an agentic AI startup, achieved an annual recurring revenue (ARR) of approximately $100 million by end of 2025, with a total revenue run-rate exceeding $125 million and month-over-month growth surpassing 20%. Meanwhile, early Chinese investors are

BGC Group has launched BGC CIM, a new division designed to broker the secondary market for compute and memory capacity. The unit leverages Fenics and Lucera to provide AI infrastructure pricing services.

According to ChainCatcher, Meta Platforms' acquisition of AI company Manus for approximately $2 billion is facing a reversal after Chinese regulators demanded the deal be terminated. The company's early investors are now planning to repurchase equity at the same $2 billion valuation that Meta

Shanghai-based embodied intelligence company Fourier Intelligence announced on June 18 a multi-million level order deployment in Southeast Asia. The announcement coincided with the official launch of Malaysia's National Social Insurance Organization (PERKESO) rehabilitation center, where Fourier

According to PANews, Alchemy launched AgentCard on June 18, a Visa virtual card designed to enable AI agents to make autonomous payments in the real world. The card integrates Visa Intelligent Commerce and defaults to Visa tokenized card payments. AgentCard also supports crypto payments and agent-na

According to Foresight News, stablecoin protocol Usual launched its v2 on June 18, introducing AI agent functionality that enables trusted agents to execute transactions within the protocol. The update also adds zero-fee euro transfers from bank accounts, on-chain multi-currency holdings, currency e

According to Jefferies analyst Jonathan Petersen, shares of IREN rose nearly 4% in premarket trading on Thursday after the firm initiated coverage with a 'Buy' rating and a $79 price target. Jefferies believes IREN's transition from bitcoin mining to AI data center operations will unlock

The European Securities and Markets Authority published its 2025 Annual Report detailing a dual regulatory approach that combined expanding oversight of crypto assets, artificial intelligence, and digital resilience with efforts to simplify existing reporting requirements. ESMA Chair Verena Ross

According to Moody's Ratings, on June 18, AI adoption is reshaping Chinese service exporters' competitiveness across technology, information, logistics and travel sectors. Large language models, advanced data analytics, intelligent logistics systems and AI-driven personalization tools enable Chinese

Ripple is emerging as a notable player in the blockchain-based neobank sector as blockchain companies expand beyond crypto trading into digital-first financial ecosystems. Crypto observer SMQKE highlighted Ripple's positioning within an evolving space where payments, stablecoins, digital assets, and

According to Guru Club, China's Ministry of Commerce and seven other departments released implementation guidelines on June 18 to accelerate development in the AI-consumer sector. The guidance calls for faster rollout of next-generation AI-enabled smartphones, computers, and televisions, alongside e

According to a recent exchange on social media, Tesla CEO Elon Musk predicted that Chinese AI models may reach the level of Anthropic's Claude Fable by the first quarter of 2027. A user had asked when models like Zhipu's GLM-5.2 could match Anthropic's standards, noting that GLM-5.2 has narrowed the

According to BlockBeats, on June 18, HIVE Digital announced that its wholly-owned subsidiary BUZZ HPC signed a three-year GPU cloud contract worth $220 million with Bell Canada and Cohere for sovereign AI infrastructure. The deal includes procurement of 2,304 NVIDIA Grace Blackwell GPUs configured a