AI Industry Development & Policy Dynamics

According to ChainCatcher, Hyperscale Data has engaged Newmark to arrange non-dilutive long-term debt financing for its Michigan AI data center campus. The facility, operated by ACS, signed a 10-year master service agreement with a California-based cloud provider offering initial 20 megawatt of crit

According to Bloomberg Intelligence, on October 28, China will lead in 8 of 17 key industrial sectors by 2030, including large language models (LLMs), optical communication modules, humanoid robots, autonomous and connected vehicles, energy storage, green hydrogen, and biotech CDMO. The report, led

According to ChainCatcher, Moor Threads released third-quarter earnings on October 28, posting RMB 3.289 billion in revenue for the first nine months of 2026, up 319.15% year-over-year. The company returned to profitability with a net profit of RMB 37.7 million, reversing a RMB 724 million loss in t

According to PANews, AI wealth management platform Nevis announced on October 28 a $70 million Series B round led by EQT Ventures, with participation from new investors Charles Schwab and QuantumLight (founded by Revolut co-founder Nik Storonsky), alongside existing backers Sequoia Capital, ICONIQ C

According to Guru Club, India's securities regulator on October 28 is considering launching a domestic artificial intelligence model for securities trading. The move aims to develop local AI capabilities for market operations.

According to B.AI, ByteDance's Seedance video generation model series has been integrated into the B.AI API platform, with four models now available spanning flagship to lightweight tiers. Seedance 2.5 supports multimodal audio-visual generation with clips up to 30 seconds at 1080p 10-bit resolution

According to Science and Technology Innovation Board Daily, Baidu plans to disclose its world model research progress on October 28. The world model performs environmental modeling and prediction; when applied to autonomous driving, it could enhance prediction and decision-making in complex scenario

According to Goldman Sachs' latest report on October 28, the global high-bandwidth memory (HBM) market revenue is projected to surge over 230% year-over-year in 2027, exceeding $200 billion. The bank forecasts that HBM average selling prices will rise 122% to $3.7 per Gb in 2027. Goldman Sachs also

According to SCMP, ByteDance is hiring for about a dozen robotics roles through its Seed AI research unit over the past few months, with most positions based in Beijing. The openings span hardware and software roles, including positions focused on data collection and model-training systems for robot

According to the 2026 Hurun China Rich List released by Hurun Research Institute on October 28, Bytedance founder Zhang Yiming tops the list with 670 billion yuan in wealth, marking a new personal record with a 200 billion yuan increase year-over-year. DeepSeek co-founder Liang Wenfeng makes his deb