AI Industry Development & Policy Dynamics

According to Beating, Tencent Hunyuan multimodal understanding lead Hu Han has resigned to start a venture. Former OpenAI researcher Tian Yonglong will take over visual language model (VLM) research, continuing to report to Yao Shunyu. Hu Han joined Tencent from Microsoft Research Asia in

According to Guru Club, Beijing's development authorities announced policy measures on July 23 to accelerate smart agent-led innovation and foster a new intelligent economy. The city will encourage Token economy development and cultivate new business models including Token-as-a-Service (TaaS),

According to Guru Club, economist Liu Yuhui warned on July 23 that the AI industry faces a structural imbalance: semiconductor producers enjoy soaring margins while downstream cloud giants are burning through cash. China's competitive advantage lies in superior industrial capacity and engineering

According to Beating, developers have discovered that OpenAI's ChatGPT Work agent—designed to handle files and execute tasks over several hours—runs a Linux cloud environment that can be remotely accessed. Pro users gain access to a cloud setup with 9 CPU cores, approximately 21GB of memory, and 63G

Alphabet raised its full-year 2026 capital expenditure guidance to $195-205 billion in its second-quarter earnings, driven primarily by AI infrastructure investments. The company's second-quarter capital expenditure reached $44.9 billion. Google Cloud added over $50 billion in new backlog orders,

According to K25.ai's official announcement on July 23, the AI-native prediction market platform K25.ai completed its Series A funding round with strategic support from Amber Group, achieving a post-investment valuation of $200 million. The valuation has doubled in less than 60 days. Amber Group

According to Goldman Sachs' latest global outlook, global stock markets fell approximately 2% last week, with technology stocks sliding 5% amid momentum unwinding and profit-taking. Japan, South Korea, and Taiwan experienced steeper declines of 3% to 9%. Goldman's strategy team warned that the

Alphabet and Tesla reported second-quarter revenue above market expectations on July 22 (local time), but both stocks declined over 3% in after-hours trading as expanded artificial intelligence investment plans and negative free cash flow raised investor concerns. The earnings miss on

Bitdeer Technologies Group mined 990 bitcoin in June, a 7.5% increase from 921 bitcoin in May, according to an operations update filed with the US Securities and Exchange Commission on Tuesday. The Singapore-based company's production rose 388% from 203 bitcoin a year earlier. The increase

According to Bloomberg, LingChu AI is raising nearly $100 million at a $1.48 billion valuation today. Chery leads the financing round, with other investors including BlueShift Technology.

According to Guru Club, on July 23, Elon Musk said Grok 4.5, while not as advanced as Fable, is very fast, cost-effective, and capable of completing tasks.

Alphabet reported second-quarter revenue of $119.8 billion, up 24% year-over-year, but generated negative free cash flow of roughly $5.9 billion for the first time as a publicly traded company due to a dramatic surge in artificial intelligence infrastructure spending. Google Cloud revenue

According to BlockBeats, foreign investment applications in Thailand reached 1.37 trillion baht (approximately $406 billion) in the first half of 2026, surging 80% year-over-year, driven by interest in artificial intelligence and data center projects. Thailand's Board of Investment received 1,299 t

According to Odaily, Bitcoin miner Bitdeer Technologies Group produced 990 BTC in June, up 7.5% from 921 BTC in May and up 388% from 203 BTC a year ago. Self-mining hashrate reached 73 EH/s, compared to 70.2 EH/s in May. The company's AI Cloud annualized revenue run rate increased to

According to Zhitong Finance, iFlytek Healthcare (02506) unveiled an upgraded Xiaoyi health management platform and launched a full-scenario ecosystem cooperation plan at the World Artificial Intelligence Conference 2026 (WAIC 2026) held July 17–20 in Shanghai. The company showcased its

Franklin Templeton, managing approximately US$1.8 trillion in assets, identified agentic AI as the breakthrough application that will drive mainstream blockchain adoption, according to a digital assets note published Wednesday. Sandy Kaul, Head of Digital Assets and Innovation at Franklin Templeton,

According to Franklin Templeton's digital assets note published Wednesday, the firm (managing $1.8 trillion) identified agentic AI as blockchain's breakthrough use case, arguing autonomous software agents shut out of the banking system will settle payments on public networks instead. Because agents