AI Industry Development & Policy Dynamics

Keel Infrastructure shut all US Bitcoin mining sites, repurposing them for AI and high-performance computing per its August 2026 Form 10-Q. The company reported a $65 million net loss alongside $819 million in total liquidity and $121 million in Bitcoin reserves. The shift represents a regional

According to Keel Infrastructure's August 2026 Form 10-Q filing, the company has decommissioned all of its US Bitcoin mining sites and is repurposing those locations for AI and high-performance computing workloads. The company reported a $65 million net loss and holds $121 million in Bitcoin

According to Reuters, Taiwan's Foxconn reported on August 12 that its second-quarter net profit rose 35% year-over-year to T$59.97 billion (US$1.86 billion), beating the London Stock Exchange Group consensus estimate of T$58.8 billion (US$1.82 billion) as robust AI demand bolstered earnings. The

According to Nvidia's announcement on August 12, the company is collaborating with Google, Microsoft and over 80 equipment and infrastructure suppliers to advance an 800V direct current (DC) power architecture. The initiative aims to address power density and conversion efficiency challenges as AI s

According to Bloomberg, Cognition AI, developer of AI coding agent Devin, is in early talks today to raise more than $1 billion at a valuation of at least $40 billion. The talks come less than three months after Cognition raised more than $1 billion at a $26 billion valuation on May 27 in a round le

According to Oracle, on August 11, the company launched 8 HR AI agents within Fusion Cloud Human Capital Management (HCM). The agents are designed to automate routine HR tasks including updating job roles and employee profiles, support internal mobility, and identify emerging skills needs. Oracle de

According to ChainCatcher, Foxconn will begin shipping Nvidia's Vera Rubin platform starting in the fourth quarter.

According to industry sources and SK Hynix, the South Korean chipmaker will hold a groundbreaking ceremony for its advanced semiconductor packaging facility in Westlafayette, Indiana, on August 27 (local time). The company is investing $3.87 billion to build the AI memory production base, with

According to U Mobile, on August 12 the Malaysian telecommunications company announced a partnership with OpenAI to explore AI applications across customer service, internal workflows, cybersecurity, software development, data analytics, and network operations. AWS will provide cloud

Bank of Korea researcher Jang Jin-seong published an analysis on August 12 showing artificial intelligence expansion will create simultaneous upward and downward pressure on the neutral interest rate. Productivity improvements from AI increase investment demand and reduce savings, pushing the neutra

According to Beating, Manus launched a limited-time free campaign from today through August 25 at 23:59, allowing both free and paid users to access Manus 1.6 Lite and 1.6 without consuming credits within their daily quotas. Normally, free users can only use Manus 1.6 Lite with 300 daily credits, w

According to the Bank of Korea's Economic Research Institute, released today (August 12), artificial intelligence expansion will exert simultaneous upward and downward pressure on the neutral interest rate (R). The report finds that productivity gains from AI adoption create upward pressure, as

Lam Research announced on August 12 that it plans to add about 200 roles in Singapore this year. Nearly 90% of the positions are in specialized engineering and technical areas tied to AI-driven chip demand. The roles will focus on high-bandwidth memory, advanced chip packaging, silicon photonics, an

According to CME, announced on August 11, the exchange will launch two GPU computing power futures contracts on October 5, 2026: the Silicon Data H100 Rental Index Futures and Silicon Data B200 Rental Index Futures. Each contract represents one month of GPU

South Korean Deputy Prime Minister Koo Yun-cheol met with Uzbek Deputy Prime Minister Jamshid Khojayev in Seoul on the 11th to discuss strengthening economic cooperation across critical minerals supply chains and introducing K-AI Package initiatives to EDCF projects. The meeting, the third between t

According to South Korea's Finance Ministry, Deputy Prime Minister Koo Yoon-chul met with Uzbekistan's Deputy Prime Minister Jamshid Khojayev on August 11 to discuss enhanced bilateral economic cooperation. Trade between the two countries reached $971 million in the first half of 2026, up 22.4%

According to AMD executive Matt Ramsay, the company's Helios AI platform will begin shipping to manufacturing partners in September, with revenue expected to reach billions in the first full quarter of shipments. Helios combines 72 Instinct MI455X accelerators, EPYC processors, networking, and

According to Pangram's AI content detection platform, market share data from the past two years shows OpenAI's model dominance remained above 50%, while Google's share fell sharply from 12% to 1.9% as of July 2026. Anthropic gained ground, climbing from 4.3% in 2024 to 14.9% in July 2026, driven

Ledger Chief Human Agency Officer Ian Rogers told Bloomberg that the $116 million Coldcard hack, which drained 1,082 BTC in a 41-minute sweep on July 30, was not evidence that hardware wallets are inherently risky. The attack exploited a 2021 Coldcard firmware bug that routed seed generation

Voice AI hiring platform Ribbon AI reported on local time May 11 that approximately 25% of interviews conducted through its system occur between 10pm and 2am, with the proportion rising to 35% among manufacturing companies, according to an analysis of data from over 500 companies. Amazon warned on l