AI Industry Development & Policy Dynamics

Cover foundation model launches, product releases, major company developments, funding activity, regulation, compliance, and compute infrastructure trends shaping the global AI landscape.
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Chinese AI Startup HiDream Raises $222M in Series C on July 27

Beijing-based HiDream.ai, which develops visual multimodal foundation models for creative work, raised 1.5 billion yuan (US$222 million) in a series C round on July 27, according to the company statement. The round was co-led by the National Social Security Fund Sichuan Revitalization Sci-Tech
GateNews·07-28 06:01
Chinese AI Startup HiDream Raises $222M in Series C on July 27

KOSPI Hits 2021 High Correlation with Nasdaq-100 at 0.50 as AI Drives U.S.-South Korea Market Linkage

According to analysts at Futurum Group and other financial institutions, the 60-day correlation coefficient between South Korea's KOSPI index and the Nasdaq-100 index has recently risen to approximately 0.50, marking the highest level since 2021. This increased correlation reflects the growing
MU0.34%
SNDK-1.29%
INTC-0.06%
GateNews·07-28 04:14
KOSPI Hits 2021 High Correlation with Nasdaq-100 at 0.50 as AI Drives U.S.-South Korea Market Linkage