AI Industry Development & Policy Dynamics

Singapore-based data center operator Digital Edge closed its first US$575 million holding company loan on May 22 to expand across Asia Pacific. The company attributed the financing to rising demand for hyperscale and AI-ready facilities in the region. Digital Edge is backed by US investor

According to an announcement from China's National Development and Reform Commission (NDRC) on May 22, the agency is preparing supporting documents to accelerate artificial intelligence deployment and enhance resource allocation. Li Chao, deputy director of the NDRC's Policy Research Office,

Zhipu AI (HK: 2513) surged over 16% today following the company's announcement of GLM-5.1 accelerated version.

Opening Cursor, a San Francisco-based AI coding startup, reached a US$3 billion annualized revenue run rate in late April. The milestone comes as SpaceX prepares for an expected June 12 listing, which could open a potential

According to Bloomberg, AI coding startup Cursor reached a $3 billion annualized revenue run rate in late April, growing from a $2 billion run rate in February. The San Francisco-based company now has over 3,000 customers paying at least $100,000 annually. SpaceX could enter a potential

Microsoft and EY announced they will invest more than $1 billion to help clients move artificial intelligence projects from pilot programs to large-scale deployments. The partnership targets finance, tax, human resources, and supply chain operations across multiple sectors. Microsoft will provide en

Opening Modal, a New York-based cloud infrastructure startup, has raised US$355 million in a Series C funding round led by General Catalyst and Redpoint at a US$4.65 billion post-money valuation, according to CEO Erik Bernhardsson. The company helps developers run AI and other compute-heavy

According to Modal CEO Erik Bernhardsson, the AI cloud infrastructure startup completed a $355 million Series C funding round led by General Catalyst and Redpoint at a $4.65 billion post-money valuation. Menlo Ventures and Accel joined as new investors, with existing backers also participating. Mod

According to Bloomberg, Microsoft and EY announced over $1 billion in investment to help clients transition AI projects from pilot programs to large-scale deployments. The initial focus areas include finance, tax, human resources, and supply chain operations. Microsoft will provide engineers to

Gate News message: On May 22, according to Gate market data, as of the time of publication, DN (DeepNode AI) is trading at $0.33. It is up 68.11% over the past 24 hours, with a high of $0.39 and a low that has fallen back to $0.17. The 24-hour trading volume is $704.2 thousand. Its current marketcap is approximately $7.4968 million. DeepNode is a decentralized artificial intelligence infrastructure network that supports developers, validators, miners, and enterprises in cross-industry collaborat

According to HTX, NEAR surged to $2.05 on May 22, up 17.2% in 24 hours.

Cryptocurrency investment firms Paradigm and Tempo jointly open-sourced Centaur on May 21. This is a self-hosted, multi-person collaborative AI Agent runtime framework that has been widely used across multiple departments within Paradigm—such as cross-investment and engineering—since January. Centaur operates in the form of “shared virtual employees” and can be invoked via Slack threads or APIs. Security architecture: Iron Proxy injects credentials at the network layer Centaur’s core security de

According to BlockBeats, on May 22, OpenAI CEO Sam Altman stated that the company might not list immediately even if it submits IPO documents quickly, as the actual timing depends on market conditions. The company targets as early as September for listing, but the timeline remains flexible. Accordi

Microsoft is in talks to supply Anthropic, the San Francisco AI firm behind Claude, with its Maia 200 AI chips through Azure. The deal has not been finalized, but it could help Microsoft narrow the gap with Amazon and Google in offering custom AI chips to cloud customers. In November, Microsoft

According to Bloomberg, SpaceX filed its IPO materials on May 21 positioning itself as an artificial intelligence company, with AI representing US$26.5 trillion of its US$28.5 trillion total addressable market. Enterprise AI applications account for most of that opportunity, while space, Starlink in

According to CNBC, Microsoft is in talks to supply Anthropic, the San Francisco AI startup behind Claude, with its Maia 200 AI chips through Azure. The deal has not been finalized, but could help Microsoft close the gap with Amazon and Google in offering custom AI chips to cloud customers. In

According to Guru Club, Alibaba Cloud's Bailian platform launched Qwen3.7-Max on May 22, with users able to call the model via API or Token Plan subscription. The model's input pricing is set at 12 yuan per million tokens, while output pricing is 36 yuan per million tokens. Both API and subscription

According to The Information, OpenAI recorded $5.7 billion in operating revenue in the first quarter of 2026, surpassing competitor Anthropic by nearly $1 billion. The ChatGPT maker's growth was driven by its Codex programming tool, enterprise services, and advertising test revenue on ChatGPT.

Bengaluru-based early-stage investor Shastra VC launched a US$100 million fund on May 21 to back Indian startups in deeptech and defense as well as AI and renewable sciences. The firm will write cheques of US$500,000 to US$3 million for companies built around intellectual property. This launch