Shares of top Chinese optical-module makers recovered early losses after analysts downplayed potential US restrictions aimed at barring new Chinese optical transceivers from American AI data centres.
German chip manufacturer Infineon reported a 13 percent revenue increase to 4.2 billion euros and a 39 percent profit rise to 423 million euros in its third fiscal quarter, driven by demand for AI data centre power solutions and automotive chips.
Donald Trump claimed that China is funding resistance against new US artificial intelligence infrastructure to hinder American progress, while praising data centers as economic assets.
The World Bank's chief economist, Indermit Gill, urged developing economies to leverage lower-cost AI tools to drive growth in sectors like health and education, despite facing the weakest average growth performance in three decades.
Cloncurry Mayor Greg Campbell suggests building Australia's next generation of AI data centres in remote outback Queensland to ease urban pressure, contingent on energy projects like CopperString.
Zhongji buys back shares to stabilize prices before Hong Kong IPO, amid risk of onshore stock decline impacting offshore listing success.
Hosepipe bans across large parts of England are causing public frustration and a "culture war" over exemptions for vulnerable groups. Critics blame water companies for significant leaks and AI data centers for high water consumption, while experts highlight climate change and aging infrastructure as root causes.
Beijing-based ModelBest, a key player in on-device AI, secured over 5 billion yuan (US$738 million) in funding this year, pushing its valuation to 20 billion yuan after its latest C+ Series round. This milestone highlights growing investor confidence in China's local AI sector.
Peking University researchers have created an all-optical interconnect system that links standard electronic chips, accelerating AI inference speeds by over 100 times and reducing computational resource needs by nine times. Published in National Science Review, the system uses FPGA chips and custom hardware components for signal conversion.
South Korean chipmaker SK hynix is set to raise approximately $28 billion on Wall Street via ADRs, a sum surpassed only by SpaceX. The listing aims to improve valuation and fund new facilities amidst a booming AI memory market, despite cyclical industry risks.
A major Telstra outage in Australia disrupted mobile and data services nationwide, cancelled train services, and affected payment systems. An investigation is underway into emergency calls that may not have connected, though the core triple-zero system is reported operational. The exact cause is unknown but not a cyber attack.
A severe heatwave in the US is highlighting the immense strain on the nation's power grid and water supplies, largely due to the rapid expansion of AI data centers. These facilities consume vast amounts of electricity and water, prompting calls for increased oversight and moratoriums on construction.
AI demand is causing price increases in the semiconductor supply chain, extending beyond GPUs and memory chips to upstream materials and manufacturing inputs, creating new bottlenecks for global AI infrastructure. Japan's Murata Manufacturing will raise prices for AI server components by 10-40% from July.
African nations are developing AI strategies amid foreign investment, but questions arise about control over digital infrastructure. Debates shift from adoption to ownership, with countries like Ghana emphasizing AI as a 'sovereign capability'.
Mayors from global cities are launching the Global Urban Data Centres Pact to ensure data centers, especially those driven by AI, do not strain energy and water resources, increase emissions, or raise residential energy prices. The pact calls for integration into city planning, focus on renewable energy, and transparency with residents.
AI pioneer Yann LeCun has labeled Elon Musk's xAI a "failure," citing the departure of its founding team and Musk's alleged poor treatment of them as key reasons. LeCun also touched on xAI's economic challenges, including renting out its data centers and significant operating losses.
SpaceX is preparing for a potential $20 billion bond offering to fund its ambitious AI expansion, which requires significant investment in data centers and hardware. This would be the company's first investment-grade dollar bond issuance.
Apple CEO Tim Cook stated that price increases for Apple products are unavoidable due to soaring demand for AI memory chips. He cited supply chain issues and rising component costs, comparing the situation to a "hundred-year flood."
Alibaba Cloud has launched its first data centers in France, expanding its European presence to meet growing demand and support data sovereignty initiatives. This move positions the company to offer AI services across the region.
The FBI has arrested multiple suspects in connection with a plot to attack a UFC event at the White House. The plan involved using drones to create panic and a sniper team to target attendees, followed by an assault on the White House gate. One suspect, Tycen Proper, was identified through online communications expressing anti-government sentiments.
Biwin has signed a locked-volume, locked-price deal to buy enterprise-grade chips from Q3 2026 to Q2 2028. The contract, valued at 12.6 billion yuan, aims to secure medium- to long-term capacity and reduce supply disruption risks.
AI hyperscalers are causing land surface temperatures around their data centers to rise by an average of 2C, creating 'data heat islands'. This phenomenon affects over 340 million people within 10km of these facilities, raising concerns about community welfare and environmental sustainability.
OpenAI reported that Chinese propagandists attempted to use its ChatGPT chatbot to generate opposition to Donald Trump's tariffs and influence debates on data centers and AI. The campaign, active in late 2025 and early 2026, had minimal impact but highlights AI's role in digital influence.
China has approved licenses for 166 foreign companies to pilot value-added telecommunications services, including internet data centers and information services, in select zones. Analysts believe this move offers opportunities for multinationals but will likely have a limited impact on the domestic market due to existing competition and pilot zone restrictions.
