AI Industry Development & Policy Dynamics

Cambricon announced on October 23 its Q3 2026 net profit reached 1.404 billion yuan, up 147.74% year-over-year, with revenue of 3.531 billion yuan, up 104.47%. Non-GAAP net profit was 1.358 billion yuan, up 168.13% YoY. For the first nine months of 2026, cumulative revenue totaled 9.526 billion yuan

According to ChainCatcher, DeepSeek recently closed a funding round of approximately 100 billion yuan (about $15 billion), setting a record for the largest single-round financing in China's AI industry. The round was led by major investors including Contemporary Amperex Technology and Tencent

Nvidia CEO Jensen Huang concluded a week-and-a-half European tour at the company's GTC conference in Berlin, where he met with U.K. Prime Minister Andy Burnham, French President Emmanuel Macron, and German Chancellor Friedrich Merz. During a Thursday morning media Q&A, Huang announced new products a

At Nvidia GTC in Berlin on Wednesday, Oct. 21, CEO Jensen Huang announced a new product packing seven Vera Rubin AI racks into a shipping container for faster deployment. The announcement coincided with a selloff among neocloud stocks, as CoreWeave fell 10% and Nebius dropped 7% by market close,

CyberCartel used Claude and Grok AI agents to automate attacks on over 400 Latin American financial institutions including banks and mobile payment apps, stealing passwords and customer data. The hacking group bypassed AI safeguards by telling the models they were operating in test environments,

According to cybersecurity startup Straiker, the CyberCartel hacking group recently used Claude (Anthropic) and Grok (SpaceX) AI agents to automate cyberattacks on Latin American banks and mobile payment apps, stealing passwords and customer data from over 400 institutions. Both Anthropic and SpaceX

According to CNBC, Etsy announced on Thursday (Oct 22) that it will no longer allow sellers to sell AI-generated recipes, patterns, and instructional guides on its marketplace. The e-commerce platform will prohibit sellers from using automated robots to generate product listings without human

According to Barron's, Oracle (ORCL) fell 2.78% to $125.54 per share on October 22 as market concerns over AI infrastructure financing costs weighed on the stock. The company has declined 35% year-to-date and 53% over the past 12 months, on track for its worst performance since 2001. Cantor

Storm-0940, a China-state-aligned hacking group active since 2021, deployed ARTEX, an open-source AI-driven penetration testing framework, in a large-scale supply chain attack targeting ConnectWise applications, Microsoft disclosed in its Security blog. The AI agents attempted sign-ins at more

According to Microsoft, China-state-aligned actor Storm-0940 deployed ARTEX, an open-source agentic AI penetration testing framework, in a large-scale ConnectWise supply chain attack in mid-October. The group attempted sign-ins at more than 2,250 Microsoft 365 tenants using stolen ConnectWise app cr

According to QCP, CoreWeave bond yields have surged to around 15% this year, reflecting accelerating credit repricing across AI infrastructure. The mounting pressure is spreading beyond CoreWeave to the broader neocloud infrastructure sector, weighing on technology stocks and crypto assets.

According to Baiweitech (688525.SH), DRAM and NAND Flash prices have surged significantly since 2026, driven by accelerating AI computing infrastructure investments and growing data center storage demand. The company expressed confidence in medium-term storage market opportunities from AI

According to Foresight News, Abdel Bakhta, head of applied AI and verifiable intelligence at StarkWare, announced today he is leaving the company to pursue AI safety. Bakhta stated that AI safety has dominated his thinking over the past year and represents one of humanity's most critical

According to ChainCatcher, OpenAI on October 22 fully opened its Decision API based on GPT-6 Luna, designed to assist applications and agents in making real-time decisions based on text, image, and structured inputs. Input pricing is $0.1 per million tokens, with cached input at $0.01 per million to

According to JPMorgan Chase on October 22, AI-related stock selloffs may be approaching their limit as investors have significantly adjusted equity positions since mid-September. Strategist Nikolaos Panigirtzoglou noted that the bank's overall equity positioning indicator has fallen well below

According to Fortune, Robinhood Ventures invested $10 million in AI programming company Cognition. The venture firm previously allocated $75 million to OpenAI in April.

According to BlockBeats, on October 23, Web3 collectibles project Capybobo unveiled a preview of its AI-generated interactive game, which personalizes gameplay based on individual player interactions. The AI generates unique storylines for each player, with the same Capybara character experiencing d

According to Reuters, Japan announced on October 23 it will establish a team to simulate cyberattacks using AI to identify weaknesses following critical PHP vulnerabilities (CVE-2026-109618 and CVE-2026-109619) that triggered widespread outages. SoftBank suspended its emergency mobile alert

OpenAI reduced its proposed valuation by $150 billion to $1.25 trillion from $1.4 trillion, according to an October 23 Bloomberg report, as the company approaches final stages of a major fundraising round. The approximately 10.7% reduction reflects investor caution as OpenAI seeks to raise $30 billi

According to Gang.fun's official announcement, the BNB Chain Agent launchpad Gang.fun launched Gang Pair on Oct 23. The platform now enables trading pairs with tokenized stocks such as NVDAB, TSLAB, and AAPLB, as well as any tokens with liquidity pools on the BSC network. A 1% trading fee applies to