Artificial Intelligence (AI)

Chinese President Xi Jinping urged global collaboration on AI at the World Artificial Intelligence Conference, opposing unilateral control. He announced plans to help developing nations build AI capacity, even as U.S. export restrictions continue to limit China's access to advanced chips.

Active managers are cutting semiconductor exposure and buying hyperscaler stocks as UBS forecasts capex growth will decelerate from 76% this year to just 6% in 2028. The shift reflects concerns over valuations and the sustainability of the AI infrastructure boom.

Chinese President Xi Jinping used his WAIC keynote to promote a 'people-centred' AI vision and announced new partnerships to bring AI capacity to developing nations, warning against 'new historical injustices.' The move positions China as a tech alternative to the West.

Apple has filed a lawsuit accusing OpenAI of stealing unreleased hardware secrets through former employees. The suit details alleged poaching of confidential information to fast-track OpenAI's consumer devices.

Karnataka is set to build two next-generation green data centres and India’s first public AI university, Chief Minister D K Shivakumar announced. The initiatives aim to make the state an AI-native hub while addressing environmental concerns around data infrastructure.

While U.S. companies boast higher AI adoption rates, Japanese firms are achieving deeper integration and greater efficiency gains, offering contrasting lessons for global business leaders.

China's pharmaceutical industry is turning to artificial intelligence to drive the next wave of blockbuster drug deals, following a record $110 billion in cross-border transactions. As the nation accounts for 30% of global drug development, AI-powered platforms are attracting major partners like AstraZeneca.

South Korea urgently pivots back to nuclear energy to power massive semiconductor clusters and AI data centers, facing a 24.7 GW deficit and water supply bottlenecks that threaten its tech ambitions.

Instagram will soon charge for fuller AI access, as confirmed by Adam Mosseri. Free daily caps remain, but a paid tier is in the works. The move follows Meta's massive AI infrastructure spending and a recent privacy backlash.

The UN's first scientific assessment of AI reveals a widening compute divide and dangerous corporate concentration, urging immediate policy action. Co-chaired by Yoshua Bengio and Maria Ressa, the report calls for global cooperation to prevent irreversible harm.

The Punjab Curriculum Board has approved AI as a subject for primary students, with labs in all schools. The rollout begins in 2027-28, but challenges like teacher training and rural connectivity loom large.

Anthropic appoints former Federal Reserve Chair Ben Bernanke to its independent oversight trust, signaling a serious focus on AI's economic disruption. His crisis experience aims to guide responsible AI development for long-term societal benefit.

Harvard psychiatrist Arthur Kleinman argues that as AI becomes embedded in healthcare, the moral practice of care risks being sidelined by efficiency metrics. He calls for systems that integrate technology without losing the human presence essential to healing.

Quantitative hedge funds suffered their worst performance in nearly a year after a sharp unwind in crowded AI and semiconductor trades, erasing a quarter of their 2026 gains. Goldman Sachs reported that systematic managers fell to 10.8% year-to-date returns from 14.4% in just weeks.

Enterprises that embed third-party AI into their workflows are learning that outsourcing the technology doesn't outsource the legal risk. From FTC actions to EU regulations, the deployer is now the primary target when models fail.

China is preparing to allow Alibaba, ByteDance, and DeepSeek to import Nvidia H200 chips, ending a months-long stand-off. The move acknowledges domestic chips can't yet meet AI computing demands.

A coalition of newspapers led by The New York Times has asked a federal court to sanction OpenAI, alleging the company lied about its ability to search for copyrighted content in ChatGPT and deleted billions of relevant conversations. The motion marks a dramatic escalation in the high-stakes copyright battle over AI training data.

Hong Kong's IPO market is splitting in two: small-cap debuts are crashing while the city bets big on AI giant Zhipu AI. This week's bloodbath saw Luxshare and others sink, with a major listing canceled despite record demand.

The French competition authority's probe into Nvidia over alleged anti-competitive practices is nearing completion, a top official said. The outcome could lead to massive fines and reshape the AI chip market.

Chinese technology companies, including AI model developers and chipmakers, have raised a combined $17.38 billion in Hong Kong equity markets this year, highlighting the city's role as a capital hub despite geopolitical headwinds.

Filmmaker Aranya Sahay argues that AI functions as a modern form of colonization, shaped by Western minds. His debut film, Humans in the Loop, explores this bias through an Adivasi woman's story, now streaming globally on Netflix.

Asian fund managers are moving beyond AI hype, targeting companies that can weather disruption and provide essential infrastructure. At Reuters NEXT Asia, leaders from Temasek, Goldman Sachs, and others detailed a cautious strategy focused on hard assets and real cash flows.

China is considering limits on foreign access to its most advanced AI models, a decision that could isolate major startups like Zhipu and Moonshot. This move mirrors U.S. restrictions and may accelerate global AI fragmentation, forcing other nations to build costly alternatives.

British Columbia is suing OpenAI, alleging the company failed to alert police to violent ChatGPT threats before a mass school shooting in Tumbler Ridge. The case could set a precedent for AI platform liability.

South Korean memory chipmakers Samsung and SK Hynix saw sharp declines on July 8, mirroring a U.S. semiconductor selloff. Investor concerns over the sustainability of AI-driven demand are shaking the market's foundations.

India’s engineering education faces a crisis as AICTE closes 58 colleges and cuts 950 courses. The AI revolution demands a shift from quantity to quality, but outdated curricula and weak regulation threaten the country’s tech ambitions.

Meta revealed that its AI systems removed 4 million accounts and 36 million pieces of content linked to child exploitation in early 2026. The disclosure follows India's demand for answers after CSAM ads appeared on Instagram.

Ukraine is moving to self-hosted AI models to ensure control over critical digital tools, reducing reliance on providers like OpenAI and Anthropic. The policy, driven by wartime needs and recent U.S. export restrictions, prioritizes on-premise deployments for government, business, and military applications.

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.