AI Industry Development & Policy Dynamics

According to South China Morning Post, the Hong Kong Generative AI Research and Development Centre (HKGAI) launched HKGAI-V3 on June 3. The model, built on DeepSeek V4, improved token compression efficiency by more than 10x and is designed to run on domestic chips. HKGAI aims to commercialize the pr

According to CoinDesk, Bitcoin's recent weakness is not due to institutional demand withdrawal or Michael Saylor's sales, but rather a loss of momentum trading dominance, said Jim Ferraioli, Digital Assets Research Director at Charles Schwab. Ferraioli noted that capital is flowing to alternative na

According to Beating, Google has released Gemma 4 12B, a new model size in the Gemma 4 family designed to run multimodal AI agents locally on consumer laptops with 16GB of RAM. The 12B-parameter model uses an encoder-free multimodal architecture that supports text and image inputs, filling a

According to Meta, on June 3, the company expanded Meta Business Agent across WhatsApp, Messenger, and Instagram globally. The AI tool automates customer interactions and sales activities for businesses. More than 1 million businesses already use Meta Business Agent on WhatsApp and Messenger, with o

Researchers at the University of Southern California released a study finding that every tested frontier AI model violated social-interaction safety guidelines more than 27% of the time. The study introduced EUDAIMONIA, a benchmark designed to measure undesirable dynamics in human-AI

Nineteen new U.S. AI billionaires emerged in 2026 with a combined net worth of $59.3 billion, according to multiple investor tallies. The founders span coding agents, legal AI systems, and data infrastructure startups. Reflection AI co-founders each hold an estimated $4 billion fortune, while

Stanford University researchers found that law professors preferred AI-generated contract law answers over those written by fellow professors approximately 75% of the time in a recent study. In 2,918 blinded comparisons, 16 professors from 14 U.S. law schools selected Google's Gemini 2.5 Pro

According to a recent study led by Stanford University, law professors preferred answers generated by artificial intelligence over those written by fellow professors in contract law reasoning tasks. In 2,918 blinded comparisons, Google's Gemini 2.5 Pro won 75.92% of its matchups against human

According to Nous Research, Hermes Desktop launched yesterday (June 2) as a native public preview app for macOS, Windows, and Linux. Previously, all graphical interfaces for the self-improving AI agent were community-built third-party tools. The official app ships as version v0.15.2 under the MIT li

According to Jin10, OpenAI founder Sam Altman visited the White House on Wednesday (June 3) to discuss his vision for public-private collaboration in artificial intelligence. He plans to meet separately with U.S. House Speaker Johnson and independent Senator Sanders as lawmakers develop a

Monthly venture deal count in the crypto sector fell to roughly 50 deals in May, reaching a level last seen in the pre-2021 era when the industry was a fraction of its current size. The decline reflects a combination of factors: investor attention has broadly shifted toward AI, pulling capital

K33 Research, led by Head of Research Vetle Lunde, forecasts a challenging summer for Bitcoin as capital flows into AI stocks and away from cryptocurrency markets. In a recent report, the firm cited a 62,794 BTC outflow from spot Bitcoin ETFs over the last three weeks — the second-largest

According to Perplexity's announcement at Computex 2026 on June 2, the company introduced hybrid agentic inference, a system that automatically routes AI workloads between a user's local device and cloud-based models without manual configuration. The feature will be available in Perplexity

Circle revealed its vertical integration strategy in Q1 2026 financial results, aiming to reduce dependence on reserve interest income by expanding into transaction-based revenue streams. The stablecoin issuer reported reserve revenue of $653 million in Q1 2026, representing 94% of total revenue,

In mid-2026, Nvidia CEO Jensen Huang publicly urged companies to pay workers as much as possible during the AI boom, a deliberate stance backed by the semiconductor giant now valued at over $3 trillion. According to reports, Huang has directed Nvidia's leadership to conduct generous compensation

Mysten Labs has launched Walrus Memory, a portable memory layer enabling AI agents to carry context across applications, sessions, and AI providers while maintaining user control of their data. According to Co-founder and Chief Cryptographer Kostas Chalkias, the platform addresses the "real

FET continues consolidating after a deep correction as investors monitor AI infrastructure adoption trends closely. The ASI merger expanded FET’s ecosystem across AI agents, decentralized computing, and open-source development. NEAR maintained higher lows during the session as rising

FET continues consolidating after a deep correction as investors monitor AI infrastructure adoption trends closely. The ASI merger expanded FET’s ecosystem across AI agents, decentralized computing, and open-source development. NEAR maintained higher lows during the session as rising