Kimi K3 and the Chip Selloff Collide, Testing the AI Capex Thesis
Moonshot AI says Kimi K3 contains 2.8 trillion total parameters, making it one of the largest open-weight AI models ever released . Its arrival the same week chip stocks entered a three-day selloff crystallizes a question the AI trade has…
China Launches AI Governance Body to Challenge US at WAIC 2026
Chinese President Xi Jinping announced the launch of the World Artificial Intelligence Cooperation Organization (WAICO) at the 2026 World AI Conference in Shanghai, establishing a new international body designed to set global AI standards a…
Australia Creates Office of AI, Plans Mandatory Standards by Early 2027
The Australian government is establishing a dedicated Office of AI inside the Department of the Prime Minister and Cabinet and plans to legislate mandatory national AI standards by early 2027, Prime Minister Anthony Albanese announced in a…
Alibaba Previews Qwen3.8 with 2.4 Trillion Parameters
Alibaba Group Holding has previewed Qwen3.8, its next-generation AI model, which the company claims is "second only" to Anthropic's Claude Fable 5 . Qwen3.8-Max-Preview, the preview version of the strongest model in the Qwen family, featur…
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RANKED · 7 THIS DAYAmodei Donates $1M to Pro-Regulation AI Super PAC as Industry Political Spending Escalates
Anthropic CEO Dario Amodei personally donated $1 million to Public First, a super PAC focused on AI safety regulation, according to FEC filings disclosed in mid-July 2026 . The May 2026 donation marks Amodei's first seven-figure political c…
SAP Acquires Prior Labs for Over €1B, 18 Months After Founding
SAP has completed its acquisition of Berlin-based frontier AI lab Prior Labs, backed by more than €1 billion in investment, in one of Europe's largest AI deals . The transaction comes just 18 months after Prior Labs was founded, following a…
Anthropic Schedules IPO Investor Meetings as Listing Advances
Anthropic is scheduling meetings between prospective investors and company executives ahead of a potential initial public offering later this year, according to a person with knowledge of the plans who spoke to CNBC . Goldman Sachs, Morgan…