Chinese AI developers are rapidly advancing to trillion-parameter foundation models, aiming to close the gap with US rivals like OpenAI and Anthropic. This push occurs as the US implements export controls restricting access to leading AI software, impacting global availability of top-tier models.
The Shanghai Stock Exchange (SSE) has updated listing rules for unprofitable AI firms, allowing LLM developers to go public on the Star Market with an anticipated market cap of at least 4 billion yuan and clear commercialization plans. The move aims to support high-quality AI companies amid intense global competition.
The Shanghai Stock Exchange has updated listing rules for unprofitable AI firms, allowing them to go public on the Star Market if they meet criteria like a 4 billion yuan market cap and clear commercialization plans. This aims to support high-quality AI companies amid intense global competition.
The Shanghai Stock Exchange has updated listing rules for unprofitable AI firms, allowing them to go public on the Star Market if they have an anticipated market cap of at least 4 billion yuan and clear commercialization plans. This aims to support high-quality AI companies amid intense global competition.
Epic Games plans to integrate Fortnite skins across games using Unreal Engine 6, a step towards an interoperable metaverse. This initiative faces developer adoption challenges and comes as Fortnite sees declining engagement and faces scrutiny over AI usage.
Xbox CEO Asha Sharma and CCO Matt Booty informed staff of significant financial challenges, with plans to cut costs by potentially closing Ninja Theory, Double Fine, and Compulsion Games. This follows a memo citing over $20bn in investments yielding declining revenue and a "hardware component crisis."
Square Enix's HD-2D RPG, The Adventures of Elliot: The Millennium Tales, merges Zelda-like exploration with Final Fantasy-style roleplaying elements. Players navigate four different time periods, encountering familiar Zelda mechanics alongside customizable magicite and spells, creating a unique and expansive adventure.
Shadow Treasurer Tim Wilson's family investment trust holds undisclosed shares in Gondwana Carbon, a climate advisory firm involved in carbon credit trading. ASIC records show the trust held directorship until May 2023, and shares in another firm, Spektrum Holdings, were also not disclosed.
Snap CEO Evan Spiegel unveiled Specs, the company's first AR glasses for consumers, priced at $2,195. He believes people are ready to move beyond smartphones and embrace augmented reality for shared experiences, despite market challenges and competition from Meta and Google.
Mainland Chinese buyers significantly increased their Hong Kong property purchases in the first four months of 2026, acquiring over 41% of last year's total. April saw a nearly 48% month-on-month rise in registrations, reaching a two-year high.
Queensland's government is selling state-owned land for housing, with three developers set to build 450 homes, an aged care facility, and affordable housing on a six-hectare Brisbane site. Deputy Premier Jarrod Bleijie highlighted the program's speed and focus on supply to address the housing crisis.
A massive $165 billion data center, Project Jupiter, is planned for New Mexico, promising jobs and investment but raising concerns among locals and farmers about water usage amid a severe drought. Tenants Oracle and OpenAI plan to use recycled non-potable water, but transparency and long-term impact remain debated.
China has launched the world's first three-band optical fibre communication system, capable of carrying over five times the traffic of conventional systems. This advancement, utilizing S, C, and L bands simultaneously, aims to significantly boost the capacity of future AI networks and data transmission infrastructure.
OpenAI, the creator of ChatGPT, is opening a new office in Madrid, Spain, to expand its European operations and foster collaboration with local businesses, developers, and institutions. The move comes as Spain shows significant growth in AI adoption and ChatGPT usage, ranking among the top five European markets.
OpenAI is opening an office in Madrid to expand its European operations and deepen cooperation with Spanish businesses, developers, and institutions. The move comes as ChatGPT sees significant user growth in Spain, positioning it as a key European market.
New unit prices in Tseung Kwan O, Wong Chuk Hang, and Tai Wai have increased by 7-36% compared to previous years, with average prices 15% above four-year lows, driven by interest rate cuts and returning mainland Chinese buyers.
Coinbase's quantum advisory council advises blockchain developers to prepare for a post-quantum future, addressing the risk of quantum computers breaking current blockchain cryptography, potentially affecting millions of vulnerable coins.
Meta's AI investments have led to 8,000 layoffs, with over half concentrated in California and Washington. Software developers and middle managers, particularly engineering managers, were most affected, aligning with CEO Mark Zuckerberg's strategy to reduce corporate bloat.
XDA Developers outlined signs of webcam spying, including the indicator light turning on without reason, unauthorized program access, and device resource drain. They advise checking saved video files and running antivirus scans.
AI startup Decart has launched Oasis 3, an interactive world model capable of generating photorealistic driving environments in real time via API. The company aims to foster a developer ecosystem, similar to OpenAI's approach with language models, and targets autonomous vehicle companies and robotics applications.
China's National Data Administration has launched a plan to expand industry-specific AI training data sets across key sectors by 2028, bolstering its AI Plus strategy to integrate AI into the national economy.
Apple introduces a new version of Siri, its voice assistant, with fluid conversations powered by Google's Gemini model.
Zhipu (Knowledge Atlas Technology) surpasses MiniMax in market capitalization, attributed to stronger AI capabilities, looming share unlocks, and investor preference for enterprise-focused businesses.
Apple announced its AI strategy at WWDC, emphasizing privacy and convenience over massive infrastructure investments. While developing its own models, Apple is partnering with Google and Nvidia for its advanced "Apple Foundation Model Cloud Pro," which will run on Nvidia GPUs in Google's cloud.
