AI Industry Development & Policy Dynamics

According to Reuters, Meta plans to begin mass-producing its custom Iris AI chip as early as September, causing the company's stock to surge about 6% on Friday (July 11). The chip, designed by Broadcom and manufactured by TSMC, represents the first step in Meta's planned four-generation chip

According to BlockBeats, on July 12, bitcoin-reserve company Empery Digital (EMPD) disclosed that it liquidated 1,400 BTC over the past two months at an average price of $62,200 per coin, raising approximately $87.1 million. The proceeds are being deployed into an AI data center project investment a

According to a Reuters report, Nvidia shares surged 4% to $210.96 on July 10, climbing faster than the Nasdaq Composite's 0.3% gain, despite Meta announcing plans to mass-produce its self-developed AI chip Iris starting September. While Meta's self-designed Iris chip—developed with Broadcom and

According to Caixin, Baidu AI will showcase its full suite of AI agents at the World Artificial Intelligence Conference (WAIC 2026) from July 17 to July 20 in Shanghai. The company will also unveil upgrades to its "chip-cloud-model" AI product matrix, demonstrating progress in scaling solutions

MoonPay has apologized for erroneously posting about the death of viral hippo MooDeng today, attributing the incident to a failed test of its 'AI Intern V1.0' project. According to the company's statement on X, the AI testing project has been paused and sent for further optimization, exposing gaps i

South Korea's steel industry recorded export growth in June for the first time in 14 months, driven by rising demand from AI data center construction projects. Steel exports reached $2.14 billion in June, a 9.6% increase compared to the same month last year, according to the Ministry of Trade,

According to Beating, Elon Musk launched a verbal attack on Sam Altman shortly after Apple sued OpenAI for allegedly stealing hardware secrets. Musk claimed Altman had "elevated fraud to new heights," using a meme to mock his commitment to the cause. Altman struck back, accusing Musk of pitching in

According to the Wall Street Journal on July 7, major technology companies are considering leasing artificial intelligence infrastructure to manage large-scale AI investment costs. The upcoming second-quarter earnings reports from the four hyperscale companies are expected to provide insight into th

According to Guru Club, OpenAI founder Sam Altman said today (July 12) that AI is overall creating jobs rather than reducing employment, contrary to his earlier expectations. Altman noted that while he held less pessimistic views than others, he had initially anticipated the current level of AI

According to Fox News, artificial intelligence became the leading reason for U.S. layoffs for the third consecutive month as of July 12, 2026.

According to Business Insider, Anthropic's valuation exceeded $1.2 trillion on secondary market platform CapLight as of July 11. The Claude developer is now trading above its Series H funding valuation of $965 billion recorded in

Anthropic's corporate valuation surpassed $1 trillion on secondary markets, with the AI model developer Claude's parent company trading at $1.2 trillion on the Caplight platform on the 11th (local time). This valuation exceeds the $965 billion achieved during the Series H funding round in May and su

According to The Economic Times, Karnataka IT minister Priyank Kharge met Anthropic India managing director Irina Ghose in Bengaluru on July 11 to discuss collaboration on AI skills, centers of excellence, incubators, and using AI to improve citizen services. Anthropicis preparing to open its

According to Perplexity CEO Aravind Srinivas, this week the company unveiled a hybrid AI orchestration system that automatically selects the most suitable model for each task, rather than relying on a single large language model. The system leverages Zhipu's open-source GLM 5.2 model as its core

According to Beating, Zhipu AI launched the 'Touch High' plan on July 12, committing to prioritize AGI research over the next two years without focusing on short-term application monetization. The plan concentrates on enabling models to execute complex long-horizon tasks, facilitating autonomous

According to CoinDesk, Nasdaq-listed bitcoin treasury company Empery Digital sold 1,400 bitcoin at an average price of $62,200 each on July 11, generating approximately $87.1 million in gross proceeds to fund a 25% stake in an AI data center project. The company announced earlier in July it would ne

According to PANews, Elon Musk unfollowed Scale AI founder Alexandr Wang on X (formerly Twitter) on July 12. The reason for the unfollowing was not disclosed.

According to a Facebook post by Kim Yong-beom, chief policy adviser to South Korea's presidential office, on June 10, competition in semiconductors during the AI era has shifted from technology innovation to production capacity race. Kim stressed that the most critical resource governments can

According to internal documents reviewed by Reuters, Meta has significantly reduced its AI computing infrastructure building costs to approximately $22 billion per gigawatt—nearly half of Bank of America Securities' prior estimate of $45 billion per gigawatt, analyst Justin Post said. BofA

According to Bloomberg TV, on July 11, Goldman Sachs' Chief Equity Portfolio Strategist said AI-driven earnings surprises are entering their final phase. While S&P 500 companies are expected to post 22% earnings growth this quarter versus year-ago levels, investor expectations have already risen