AI Industry Development & Policy Dynamics

On July 28, 2026, Beijing time, the global semiconductor sector experienced a rare, concentrated sell-off. AI chip leader NVIDIA fell 4.99%, to $196.51, marking its largest single-day drop since June 5. Its total market cap shrank by nearly $250 billion in a single day, dropping to $4.76 trillion. Apple rose 1.17% that day to $336.91, with a market cap of $4.95 trillion, reclaiming the world’s No. 1 position by market cap for the first time since April 2025. {currencyca

According to Max For AI, reported by BlockBeats on July 28, DeepSeek is launching Harness, a Claude Code competitor, for beta testing this week. Initial testers will be selected from a limited group and must submit personal information and sign a non-disclosure agreement to gain access. Violating th

According to Morgan Stanley, the recent AI selloff is primarily driven by technical factors and profit-taking. The firm maintains that the artificial intelligence supply chain still offers attractive risk-reward prospects after the recent pullback. Morgan Stanley expects AI computing demand to

Nvidia stock slipped 1% in premarket trading on Tuesday as chip stocks extended a selloff into a second day, with Intel and Advanced Micro Devices down over 3%. The decline followed multiple catalysts including renewed scrutiny of Nvidia's AI investment practices and reports that Nvidia was in

Nvidia stock slipped 1% in premarket trading on Tuesday as chip stocks extended a broader selloff into a second day. Shares of Intel and Advanced Micro Devices fell over 3%, with the iShares Semiconductor ETF declining 2.4%. Weekend reports that Nvidia was in talks to provide a roughly $250

According to Goldman Sachs, Kimi K3 model licenses, released overnight, now require commercial agreements from major MaaS service providers generating over $20 million annually, while individual users retain free access. The restriction represents a tightening from K2, which previously only

Hong Kong stocks closed higher on July 28, with the Hang Seng Index rising 0.41% to 25,310.85 points, the Hang Seng Tech Index gaining 0.61%, and the H-share Index advancing 0.85%, as restaurant and technology stocks offset sharp declines in storage and semiconductor names. The selloff in

According to insiders, Amazon is phasing out multiple flagship AI models this year, including the Premier and Omni models, Reel video generation model, and Canvas image generation model, as the company refocuses its AI strategy. The company is concentrating engineering talent and computing

According to Business Insider, Amazon is adjusting its AI strategy and gradually phasing out most of its flagship models starting today, July 28.

According to Korean broadcasters, South Korean power equipment makers posted record earnings in Q2 2026, buoyed by AI supercomputing demand. Transmission market growth continues to expand, with power distribution sector now showing similar momentum as utilities rush to expand capacity for data

According to TrendForce data cited by Citrini analyst Jukan on July 28, South Korean and Japanese MLCC makers achieved record monthly shipments in June, with Murata reaching 140 billion units, Samsung Electro-Mechanics 98 billion, and Taiyo Yuden 40 billion, driven by surging AI demand. Production c

According to MSX.COM data, Microsoft shares rose nearly 1% in premarket trading on July 28. The gain follows the company's announcement of its first dedicated artificial intelligence model for cybersecurity.

According to PANews, ByteDance subsidiary Volcano Engine launched Doubao Search service today (July 28), offering cross-language, multimodal web search across multiple vertical categories. The service integrates internet information, industry knowledge, and ByteDance's proprietary content

According to Financial Times, on July 28, 2026, Nvidia signed a 15-year lease agreement with Hut 8 for the company's Beacon Point AI data center in Texas. The base contract value is $19.6 billion, with a potential total of $50.2 billion including renewal options. The facility spans 1 gigawatt of com

According to Beating, DeepSeek V4's official release (V4 GA) is expected to be delayed to mid-August, with launch scheduled between August 10-20. The company is currently conducting closed testing via Harness and plans to select testers from survey respondents. The official V4 release will occur

According to Odaily, three Korean AI chip startups—Rebellions, FuriosaAI, and DeepX—adjusted their IPO plans, targeting timelines between 2027 and 2028. Rebellions aims for the first half of 2027, FuriosaAI targets the second half of 2028, and DeepX targets 2027–2028. The three companies are

According to BlockBeats, X-Agent announced on July 28 the open-sourcing of xpense, a payment control platform designed for AI agents. The project follows X-Agent's deep integration with OKX Agentic Wallet and the launch of paid MCP tools on OKX's marketplace. xpense is positioned to address

According to the Wall Street Journal, Nvidia relinquished its position as the largest U.S. company by market capitalization to Apple today as its stock price fell sharply amid broad weakness in AI chip stocks. Every stock in the PHLX Semiconductor Index closed below its 50-day moving average for the

According to Security Times, Alibaba Cloud on July 27 adapted its Lingjun Zhenwu M890 supernode instances to run Kimi K3, a large language model. Joint optimization across chips, the inference platform, and the model reduced first-token latency—the time a model takes to start showing output—by

Google released its 2026 Southeast Asia Gemini report showing that professionals in the region use AI-powered prompts 30% more frequently on Mondays than other weekdays, with AI deeply integrated into workplace routines. Philippines, home to a large business process outsourcing (BPO) industry,