AI Industry Development & Policy Dynamics

According to Goldman Sachs, on August 11, economist Jessica Linders said in a report that market expectations regarding artificial intelligence capital spending's impact on U.S. economic growth are overstated. Both the positive effects on GDP and the negative crowding-out effects on other

Chai Discovery unveiled Chai-3, a generative AI model for molecular design that roughly doubles the success rate of its predecessor in creating viable antibody therapeutics. The new model achieves approximately 50% effectiveness for therapeutic-grade binding affinities, a substantial improvement in

According to Jin10, South Korea plans to deploy 600 billion to 1 trillion won (approximately $707 million) into a new sovereign wealth fund next year targeting strategic industries, Finance Ministry official Min Gyeong-yeol said on Tuesday. The fund will focus on AI, semiconductors, data centers, ro

Morgan Stanley analyst Adam Jonas maintained an Overweight rating on SpaceX and set a price target of $300, according to CNBC on the 11th local time. The target represents more than double the stock's closing price of $133.29. Jonas identified SpaceX's artificial intelligence business expansion as t

According to Wu Shuo, Coinbase Business announced an upgrade to its payment suite that enables AI agents to conduct transactions seamlessly through the x402 protocol. The platform has also rolled out USDT support across its full payment services, including payment links, checkout, and invoicing.

According to CNBC, on August 11, Morgan Stanley analyst Adam Jonas maintained an 'Overweight' rating on SpaceX and set a $300 target price, implying more than a doubling from the previous closing price of $133.29. Jonas attributed the upside potential primarily to SpaceX's AI business expansion, pa

According to UBS, on August 11, the investment bank upgraded electronics manufacturer and contract manufacturer Jabil (NYSE: JBL) to Buy from Neutral, setting a $430 price target. Analyst David Vogt cited expansion of artificial intelligence capital expenditures by major hyperscalers including

On August 12, SpaceXAI launched Grok Bot, an artificial intelligence system designed to handle the daily work volume equivalent to an entire team. The AI system is positioned to manage multiple routine work

Brad Lightcap announced recently that he is leaving OpenAI after serving as the company's operating chief for 8 years. Lightcap, who built OpenAI's finance, legal, and partnership teams since 2018, is departing to start a new venture. His exit marks the 8th senior-level departure ahead of OpenAI's p

According to TechCrunch, OpenAI introduced a Linux version of its ChatGPT desktop application on Tuesday as a preview release. The app supports ChatGPT, ChatGPT Work, and Codex, with initial compatibility for Ubuntu 24.04 and 26.04 LTS, Debian 13, Fedora 43, and 44. The release brings ChatGPT and Co

Hanyang Securities analyst Lee Jun-seok stated in an August 12 report that Neotis is benefiting from increased drill bit demand and pricing gains driven by high-specification AI server printed circuit boards (PCBs). The analyst attributed the trend to higher layer counts and harder copper clad

According to Reuters, CoreWeave raised its 2026 CAPEX guidance to $350–390 billion on August 11, up from $310–350 billion previously. In Q2 alone, the company executed $94 billion in capex. CoreWeave's contract backlog increased from $99.4 billion in Q1 to $104.2 billion, with over $250 billion in n

Riot Platforms (NAS:RIOT) US stocks rose 4.33% to close at $20.24 on August 10 (local time) following news of a $9.1 billion data center contract with AI model company Anthropic. The 20-year agreement covers 191 megawatts of data center capacity, marking Riot's strategic pivot from Bitcoin mining to

Riot Platforms' stock rose 4.33% to $20.24 on August 10 following news of a $9.1 billion agreement with AI company Anthropic. The 20-year contract covers 191 megawatts of data center capacity rental, according to CEO Jason Les, who noted the deal marks the company's evolution into a major data cente

According to Manus and reported by CNBC, Chinese regulators ordered Meta to unwind its $2 billion acquisition of the AI agent startup as of August 11. Manus said it will soon operate independently and users must back up data created on or after December 29, 2025, due to regulatory compliance

Target (NYS:TGT) appointed its first-ever Chief AI Officer (CAIO) on the 11th (local time), selecting Chandu Nair to fill the newly created senior vice president role. The move responds to intensifying AI territory expansion

According to ChainCatcher, Lin Junyang, former technical lead at Alibaba's Qwen division, has launched Pragmatic Technology in Shanghai, focusing on next-generation intelligent agents spanning digital and physical worlds. The company's angel round valuation reached $2 billion, with Gaorong Venture C

According to CNBC, retail giant Target (NYSE: TGT) appointed Chandu Nair as its first Chief AI Officer and Senior Vice President on August 11. Nair previously served as Senior Vice President of stores, data, AI, and innovation at Lowe's Companies (NYSE: LOW), and held roles at Staples and Gap (NYSE:

According to Odaily, Cathie Wood recently expressed support on X for an open letter calling on frontier AI laboratories to provide qualified open-source defenders with access to advanced AI models. The letter argues that AI could become the most powerful defensive technology in history, and that

According to BlockBeats, on August 12, CoreWeave posted Q2 revenue of $25.75 billion, up 112% year-over-year and beating guidance of $25.6 billion. Core backlog orders reached approximately $104 billion, compared to $99.4 billion at the end of Q1. The AI computing infrastructure provider's stock