The CEO of Abu Dhabi-based AI startup AppliedAI secretly pleaded guilty to insider trading, using tips from lawyers at major firms. The case, unsealed Monday, reveals a scheme that netted nearly $1 million in illegal profits.
Chinese authorities are discussing potential restrictions on overseas access to the country’s most advanced AI models, including those still in development, according to sources. The move could reshape global AI collaboration and competition.
China is set to unveil groundbreaking AI technologies at WAIC 2026, including Huawei’s Atlas 950 SuperPod and the world’s first AI agent phone. With AI device shipments surging past 100 million units, the country is aggressively challenging global leaders in the AI race.
Hong Kong should craft a focused AI strategy leveraging its strengths in finance, healthcare, and urban development, experts said at a recent conference. The city’s first five-year plan must avoid being too broad and instead prioritize competitive scenarios.
Chinese authorities are discussing limits on overseas access to the country’s most advanced AI models, including those from Alibaba, ByteDance, and Z.ai. The move reflects growing national security concerns and could reshape global AI markets.
Chinese AI startup DeepSeek is developing its own inference chip, sources say, aiming to reduce dependence on Nvidia and Huawei. The early-stage effort marks a strategic shift as global AI developers seek hardware independence amid U.S. export controls.
Josh Tyrangiel argues that AI adoption fails when companies chase technology instead of defining clear problems. He shares a Cleveland Clinic example where AI cut sepsis deaths by 41%, proving that domain expertise and disciplined execution matter more than hype.
A Hong Kong hospital’s radiology department now uses AI to handle WhatsApp patient enquiries, quoting prices for 1,000+ exams while keeping all data within its own AWS environment. The privacy-first design avoids external APIs entirely.
Samsung Electronics forecasts a 19-fold profit surge in Q2 2026, surpassing three years of combined earnings, fueled by AI memory chip demand. However, shares fell as market skepticism grows over the sustainability of the boom.
China’s largest tech firms are removing customizable AI personas to comply with new regulations banning virtual intimate relationships for minors. The crackdown, effective July 15, targets apps that let users create AI girlfriends, relatives, and other companions, following a surge in ‘AI psychosis’ cases.