AI Industry Development & Policy Dynamics

Nathan Lambert, who conducted in-depth visits to multiple AI labs across China, pointed out that China’s core advantages lie in its culture, talent, and pragmatic mindset. Research prioritizes improving model quality, with students serving as key contributors, and organizations experiencing less internal infighting; however, there are gaps in chips, data, and creativity. External computing power is constrained by U.S. regulations, and low data quality has driven the push to build in-house training environments. Companies open-source but retain core technologies for their own fine-tuning; if the U.S. tightens the open ecosystem, it could affect China’s global leading position.

According to Bloomberg, Swedish AI startup Pit raised $16 million in a funding round led by Andreessen Horowitz, with participation from Lakestar and executives from major AI and tech firms. Sweden's Stena and Lundin families also joined the round. Pit has already secured pilot projects with Voi,

Kevin Hassett, director of the White House National Economic Council (NEC), said in an interview with Fox Business on May 7 that the Trump administration is considering requiring AI models to undergo government security review before being publicly released through an executive order, and he likened it to the FDA’s pre-market approval process for drugs. But according to Politico’s May 8 report, a senior White House official later said the remark was “misleadingly excerpted from context.”

The Australian Securities and Investments Commission (ASIC) warned financial firms to strengthen cyber defenses, citing advanced AI models such as Anthropic's Mythos as exposing software flaws, according to Reuters. ASIC Commissioner Simone Constant said firms should act before the threat becomes

According to The New York Times and Politico, White House National Economic Council Director Kevin Hassett proposed on Wednesday that the U.S. government implement FDA-style pre-release review for AI models. By Thursday, a senior official claimed Hassett's remarks were taken out of context,

According to Forbes, on May 7, Lori Greiner, a star of Shark Tank, posted on Instagram last weekend to warn that Gmail AI under Google is set by default to scan emails. In response, Google has made updates, emphasizing that Gemini will not use users’ emails to train AI models, and that no data is retained after processing.

According to The Information, OpenAI recently failed to secure approximately $18 billion in external financing intended to support early deployment of custom chips developed in collaboration with Broadcom. The project aims to deploy 10 gigawatts of OpenAI-designed chip capacity, a core strategy to r

According to Reuters on May 7, US internet infrastructure and security company Cloudflare (NYSE: NET) announced layoffs of about 20% of its global workforce, or more than 1,100 people, citing business restructuring around the application of AI tools. Cloudflare CEO Matthew Prince said in a statement that the company’s AI usage has increased by over 600% in the past three months.

According to Jiemian News, Chinese AI model company Jie Yue Xingchen completed a funding round of approximately $2.5 billion on May 8, with industry partners including Huaqin, Longqi, OmniVision, and ZTE, as well as Hong Kong Investment Management Company (HKIC). The company has also removed its

According to Aptos' Thursday post on X, Aptos Foundation and Aptos Labs committed $50 million across the Layer 1 blockchain's ecosystem to support institutional-grade markets and autonomous AI-driven systems. The funds will support multiple initiatives including Decibel, an onchain perpetuals exchan

According to South China Morning Post, MiroMind, an AI startup founded by Chinese tech billionaire Chen Tianqiao, will suspend its MiroThinker service in mainland China, Hong Kong, and Macao from May 12 amid tighter scrutiny of cross-border AI activity following the Manus saga. Beijing ordered

According to Reuters, CoreWeave reported first quarter revenue of $2.08 billion on May 7, beating analysts' average estimate of $1.97 billion. Strong demand for high-performance computing used to train and run AI models drove the cloud provider's growth. Its shares rose 3% in extended trading

According to OpenAI, the company switched ChatGPT's default model to GPT-5.5 Instant on May 8. In internal tests, the model produced 52.5% fewer hallucinated claims than GPT-5.3 Instant on high-stakes prompts, while reducing inaccurate claims by 37.3% in conversations flagged by users for factual er

According to BlockBeats, on May 8, Nvidia CEO Jensen Huang stated that next-generation AI infrastructure will require extensive optical connections as copper cannot meet rapidly growing computational demands. Huang praised Nvidia's new partnership with Corning, calling it an important opportunity

According to Reuters, Cloudflare laid off over 1,100 employees, representing approximately 20% of its workforce, on May 8 to restructure operations around AI tools. CEO Matthew Prince stated the company is redesigning every team and function to adapt to an agentic AI era, noting internal AI usage

According to Beating, Google launched Fitbit Air, a screenless health tracker priced at $99.99, set to ship on May 26. The device weighs just 5.2 grams and features a 7-day battery with 5-minute quick charge capability. Sensors track 24-hour heart rate, atrial fibrillation detection, blood oxygen, h

According to Beating, OpenAI released three voice models in its Realtime API: GPT-Realtime-2 for voice conversation with reasoning, GPT-Realtime-Translate for real-time translation, and GPT-Realtime-Whisper for streaming transcription. GPT-Realtime-2 is OpenAI's first voice model with GPT-5-level re

According to Beating, Google Gemini 3.1 Flash-Lite transitioned from preview to general availability (GA) on May 8, becoming the cheapest and fastest model in the Gemini 3 series. Input pricing is set at $0.25 per million tokens and output at $1.50 per million tokens—input costs 75% less than

Cloudflare’s first-quarter financial report released on Thursday showed both revenue and profit outperforming market expectations, demonstrating strong growth momentum. However, because the company’s second-quarter revenue forecast was slightly lower than analysts’ estimates, the market raised concerns about whether its growth momentum can continue. At the same time, Cloudflare announced it will lay off about 1,100 employees, representing roughly 20% of its total workforce. CEO Matthew Prince emphasized that AI and agents have become the company’s core productivity, and that its operating model is undergoing a fundamental transformation. Affected by the revenue forecast miss and news of large-scale layoffs, the company’s stock price (NET) fell nearly 19% in after-hours trading. Cloudflare disappoints on guidance, stock plunges 19% after hours Cloudflare first-quarter revenue reaches $639.8 million