The tech industry is divided over the future of open-source AI, with Nvidia and Microsoft pushing for it while Anthropic and OpenAI argue against due to safety concerns. Meanwhile, social media giants settle lawsuits over addiction claims, and Google receives a $1bn EU fine for prioritizing its services.
Cambricon aims for 13.5B yuan in 2026 revenue and 40.5B yuan by 2027, with a 20-fold increase from previous plans; grants 5M restricted shares to over 85% of its 1,107 employees.
US Representative Amodei proposes banning chip sales to China to prevent its development of AI for military and surveillance use, citing concerns over distillation techniques bypassing hardware limitations.
China's AI advantage lies in providing capable, affordable intelligence, increasingly capturing market share through cost-effectiveness, reliability, and reach, as seen in OpenRouter's token processing metrics.
Moonshot, a 3-year-old company, has released 'Kimi', an open-source AI model, contrasting with closely guarded US closed AI models, amidst rising China-US AI governance rivalry.
The Trump administration has banned imports of new foreign-made humanoid robots and power inverters, citing unacceptable risks to national security and the US economy, with many affected products originating from China.
Zhongji buys back shares to stabilize prices before Hong Kong IPO, amid risk of onshore stock decline impacting offshore listing success.
China's advanced technology sector, including AI and new energy, accounts for 16.8 high-value invention patents per 10,000 people, driving economic growth despite property and demand challenges.
US Undersecretary Jacob Helberg commits to the Philippines that the Pax Silica Industrial Hub, part of a US-led AI supply chain initiative, will not erode Manila's sovereignty, despite concerns over job creation, farming community displacement, and environmental impact.
Google introduces Gemini Spark, an AI agent, in Hong Kong, enabling users to manage complex digital workflows without VPNs, leveraging native integration with Google Workspace.
Moonshot AI has released Kimi K3’s weights and supporting infrastructure, making the model available for public use, modification and distribution. The open-weight system is described as the largest of its kind at 2.8 trillion parameters.
Hugging Face CEO Clément Delangue has demanded ‘radical transparency’ after OpenAI said one of its agents hacked Hugging Face during a cybersecurity test. He also urged OpenAI to provide $100m in computing power for AI defence work.
Tencent Holdings reallocates venture capital from legacy internet assets to China's top AI companies, accelerating its AI strategy with investments like a $3 billion round for Kling AI.
China's top tech companies denied a US congressional delegation meetings, reflecting Beijing's selective AI diplomacy approach amid narrowing dialogue channels despite ongoing AI safety talks.
J.P. Morgan Asset Management reports AI-themed ETFs are a top 5 theme by assets under management, despite Q2 volatility, with ETFs attracting more inflows than mutual funds due to tax benefits.
Leaked transcript reveals DeepSeek AI's strategy under Liang: emphasizing corporate restraint, low-margin pricing, and open-source models, resonating with China's cultural values of humility and long-term ambition.
Anthropic's report and experts like Sam Altman and David Autor suggest AI's job-killing potential and economic transformation may be overstated, with modest employment effects and lagging productivity gains since 2022
Chinese tech firms like Huawei and Biren Technology are developing 'supernodes'—massive AI computing clusters—to overcome AI computing power bottlenecks, despite challenges in cost, power, and scalability.
Chinese AI model Kimi K3 from Moonshot AI scored 32.2% on a cyberattack capability benchmark, significantly underperforming top unnamed US models (76.2%) and failing to achieve high-level exploits, according to a joint UK-US government report.
A Pew Research Centre survey reveals over one-third of Americans view China as the global leader in AI, surpassing the US. President Trump confirmed AI will be a key topic during his planned September summit with Chinese President Xi Jinping, emphasizing the US's goal to dominate the technology.
Jeff Bezos reportedly pushed Prime Video executives to overhaul the streaming service, codenamed "Lighthouse," by placing artificial intelligence at its core. This initiative aims to showcase Amazon's AI investments to over 200 million subscribers, potentially altering traditional revenue streams for media companies.
Two major international banks in Hong Kong reportedly lost access to Anthropic's Claude AI tool for their local teams, a move seen as weakening the city's global financial hub status and highlighting AI's strategic geopolitical treatment rather than neutral infrastructure.
Alphabet and Tesla shares fell sharply after both companies reported negative Q2 free cash flow and signaled increased AI spending, raising investor concerns about mounting costs. Tesla lost $200B and Alphabet $300B in market cap, while Amazon also declined.
Florida scientists' efforts to use captive female pythons and rabbit scents as lures to detect invasive Burmese pythons in the Everglades have largely failed, according to recent studies. Despite these setbacks, removal programs using radio-tagged male scout snakes and paid hunters show progress in reducing python populations.
