Bernstein maintains an overweight rating on the Bitcoin mining sector, citing growing partnerships between miners and AI data centers. These collaborations address power constraints and political pushback, with July seeing over 7.5 gigawatts in new AI-related deals.
Beijing plans to increase its intelligent computing power to over 130,000 petaflops by late 2026 and implement new policies for its "token economy," accelerating AI adoption to compete with the US in the tech race.
SenseTime CEO Xu Li predicts a significant shift in AI commercialization from a 'token economy' to a 'task economy' as token prices decline. He states that future value will lie in users paying for complex, completed tasks rather than raw computing usage, expanding the market tenfold beyond programmers to the masses.
Chinese start-up Moonshot AI has temporarily halted new subscriptions for its Kimi K3 AI model due to overwhelming demand pushing current computing capacity to its limits. This highlights the challenges Chinese AI labs face amid US export controls on advanced chips.
Biren Technology launches next-gen 'supernode' AI solutions using optical data transmission to scale AI computing power, enabling up to 1,024 AI chips in a single cluster.
Moore Threads and Hygon project 135.1%-149.1% and 55.6%-70.2% revenue growth, respectively, in H1 2026, driven by China's surging demand for AI computing power amid US export controls.
Meta is reportedly planning to sell its excess computing power to external clients, a move that could diversify its revenue streams beyond its core advertising business. The announcement led to a significant jump in Meta's stock price, with investors seeking ways for the company to monetize its substantial investments in AI and data centers.
SpaceX has inked a significant computing power agreement with open-source AI startup Reflection AI. Starting July 1, 2026, Reflection will pay SpaceX $150 million monthly through 2029, totaling approximately $6.3 billion, for access to Nvidia GB300 chips and SpaceX's Colossus infrastructure.
Hong Kong Science and Technology Park (HKSTP) and AI firm SenseTime are collaborating to establish a local AI data centre by 2030. The facility aims to support AI industrialization and will reach 40,000 petaflops of computing power by the target year, with phase one completion expected by year-end.
Chinese carmakers are increasingly designing their own smart-driving chips, turning custom silicon into a key weapon in the EV tech war. Li Auto's new Mach M100 AI chip, tailored for autonomous driving, highlights this trend.
Dell founder Michael Dell described AI as based on math and data, not magic. Meanwhile, Anthropic has suspended access to its advanced AI models globally for foreign nationals following a US government order citing national security concerns.
OpenAI COO Brad Lightcap stated in an interview with Handelsblatt that every dollar invested in computing power yields three dollars in revenue. Speaking at the World Economic Forum in Davos, Lightcap addressed the AI bubble debate, discussed profitability figures, and highlighted customer challenges and a key partnership with a US subsidiary of a telecommunications company.
Tech executives believe China has an advantage in deploying AI applications to consumers, despite lagging in computing power. However, concerns about overvaluation of Chinese AI firms are rising.
Google secures $30B deal with SpaceX for xAI computing power to support Gemini Enterprise AI demand, receiving 110,000 NVIDIA GPUs from October 2023 to June 2029.
Researchers at Delft University of Technology have developed Bee-Nav, a drone navigation system inspired by honeybees. It uses minimal computing power and a small neural network to store visual memories, allowing tiny drones to navigate and return home effectively over hundreds of meters, paving the way for smaller, cheaper, and safer autonomous robots.
Shanghai's municipal government has announced plans to research and develop compute futures, a new financial derivative, as part of its strategy to become a global wealth management hub. This marks the first official mention of compute futures by Shanghai authorities.
Russian Deputy Prime Minister Alexander Novak stated that datacenters' power consumption could double by 2030, reaching 110 GW and accounting for 3% of global energy use, comparable to metallurgy and agriculture. He emphasized the need for energy system development to support AI and called for specific regulations to prevent grid overloads and ensure affordability.
China is building a national integrated computing power network to address imbalanced AI computing resources. The network aims to efficiently coordinate computing power across regions, with a monitoring platform already tracking 1.37 million PFLOPS, 72% of the national total. Projects like the "East Data West Computing" initiative and green power integration are key components.
NVIDIA announced the RTX Spark, a new SOC for laptops and small desktops, competing with AMD and Qualcomm. It offers 1 petaflop of AI power, 6,144 Blackwell RTX cores, and 20 Mediatek Arm CPU cores, with power draw up to 80W.
Academician Qian Depei proposes building a computing power network as core national digital infrastructure, akin to "computing Taobao" or "JD.com," to provide on-demand computing services and applications, changing traditional licensing models and fostering a supercomputing internet.
China is building a "national computing network" to treat AI infrastructure as a public utility. Tokens, the units processed by AI, are likened to mobile data, with daily calls exceeding 140 trillion in March. This initiative is part of Beijing's "six networks" plan, with expected investment over 7 trillion yuan this year.
Elon Musk’s SpaceX has turned one of the world’s largest artificial intelligence clusters into a commercial compute product, creating a new challenge for Bitcoin miners racing to recast themselves as AI infrastructure companies. Anthropic said it reached a deal to use the full computing power of SpaceX’s Colossus 1 facility in Memphis, Tennessee, giving the […] The post Bitcoin miners using AI as a bear market escape plan just got a new rival in Elon Musk appeared first on CryptoSlate.
SpaceX has partnered with AI rival Anthropic, providing significant computing resources for its Claude AI software. This move surprised many given Elon Musk's past criticisms of Anthropic. Musk stated he leased computing power after ensuring Claude is "good for humanity," reserving the right to reclaim it if the AI causes harm.
SpaceX has partnered with AI rival Anthropic, providing significant computing resources for its Claude AI software. This move surprised many given Elon Musk's past criticisms of Anthropic. Musk stated he leased computing power after ensuring Claude is "good for humanity," reserving the right to reclaim it if the AI causes harm.
