Companies, products, and big moves
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China's industrial AI policy machine keeps adding cities to its national pilot-zone program — this week it was Hefei's turn, and the designation comes with some of the most interesting numbers yet on domestic compute. China's Ministry of Industry and Information Technology has approved
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The multi-agent trend crossed a new threshold this week: openJiuwen, the open-source agent platform built by Huawei's 2012 Labs, Huawei Cloud and the terminal team, launched WorkSwarm — a swarm of office agents that collaborate as a team, not a single assistant — and it's the
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Alibaba just turned its flagship office agent into a showroom for its rivals' models — a move no Western office suite has made yet. Alibaba's Qianwen Office — the enterprise agent suite that opened public beta earlier this month — is the first product to offer Zhipu's GLM-
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The week's usage data landed, and the curve keeps pointing one way: Chinese models now move more traffic than American ones — by a wide margin. The catch is in what the numbers actually measure. Chinese AI models have now out-called their US rivals for 15 consecutive weeks,
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AI labs' hunger for real company data has created a new kind of distressed-asset buyer: data brokers who swoop in when startups shut down or get acquired, offering to buy or license the internal datasets that used to die with the company. Data firms that supply AI labs
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The biggest guarantee in AI financing just got a lot smaller — and the reason is risk, not strategy. Nvidia has cut its planned financial backing for OpenAI's Ohio data center nearly in half, from a $250 billion guarantee to just under $120 billion, after investors pushed back on
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Anthropic told prospective investors it generated more than $11.5 billion in revenue in the second quarter with positive adjusted operating income — its first profitable quarter by that measure. The numbers, from documents viewed by Bloomberg, land weeks before what reporting has described as potentially the largest IPO on record,
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China's device makers are plugging frontier models straight into their agents, and Honor just became the first big name to ship Zhipu's new flagship. Honor's cross-device AI agent YOYO Claw now runs on Zhipu's GLM-5.3, the model the lab
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China's banks are starting to lend against something with no physical form: the tokens an AI company burns through. Bank of China has reportedly issued the country's first compute "token loan," and the product signals where AI financing is headed — past the data center
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China's AI boom has a second front, and it's in Shanghai's STAR Market. The Financial Times is flagging a benchmark that keeps outrunning its US counterpart — and now trades at a multiple that makes the Nasdaq 100 look cheap. Shanghai's tech-focused
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The numbers arrived this week like a dare. Goldman Sachs now expects global AI data-center spending to hit $1 trillion in 2026. JPMorgan puts the US share at $697 billion. Bank of America models a path toward roughly $1.2 trillion by 2027. These are the largest capital commitments
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The AI boom is minting a new class of ultra-wealthy philanthropists — and the movement they fund is taking in more money than ever before, just as Anthropic and OpenAI prepare to go public. Effective altruism, the giving movement that took a beating from Sam Bankman-Fried's fraud