Flash News

TREE NEWS reports: Japan is seeking expanded access to AI models from Anthropic and OpenAI, Nikkei reported. The move would deepen the country’s reliance on U.S. frontier AI developers as it pushes to deploy the technology across government and industry. No further terms or timeline were disclosed.

TREE NEWS reports: Intel reported third-quarter revenue of $16.5 billion, up 21% year over year, with non-GAAP earnings per share of $0.52, beating its own guidance on gross margin and profitability for an eighth consecutive quarter. Operating cash flow was $5.1 billion, and the company held about $54 billion in cash and short-term investments at quarter-end, after completing a $23 billion public equity offering in early August.

TREE NEWS reports: Google and Amazon are seeing advertising sales and e-commerce growth decelerate even as they hold their capital expenditure guidance and press ahead with large-scale AI spending plans. Shares of Alphabet, Amazon and Meta fell after their earnings reports, with investors questioning how the AI investments will pay off. The companies have kept their capex guidance unchanged despite the selloff.

TREE NEWS update: Qiyuan Robotics has formed a strategic partnership with Tencent Cloud to jointly build cloud-edge-device consumer personal robot solutions, with personal robots and WorkBuddy as the core open platforms. The two companies will co-develop a personal robot ecosystem and push toward large-scale deployment of physical AI, Qiyuan said. No financial terms were disclosed.

TREE NEWS update: Xpeedic Semiconductor released its EDA2027 software suite at its 2026 user ecosystem conference in Shanghai, adding a 3DIC PDK and an optoelectronic co-simulation platform. The company also introduced AgentEvo, an agentic AI super-intelligence platform, and XAI, a trusted physics AI foundation, moving AI for EDA from single-point features toward platform-based products.

TREE NEWS update: China’s securities regulator has accepted the Hong Kong IPO filing materials of Beijing SiliconFlow Technology Co., Ltd.. The materials were received on October 19, 2026, marking the start of the regulatory review process for the company’s planned listing in Hong Kong.

TREE NEWS update: UBTech ran six real-machine and simulation tests of GPT-6 Astra, covering cube and lucky-bag grasping and autonomous obstacle avoidance on physical robots, plus basket transport, direct-control bowl stacking and world-model-assisted bowl stacking in simulation. Direct grasping by Astra did not succeed; the bowl-stacking task was completed using UBTech’s Thinker-VLA model, with Thinker-WM predicting action outcomes to assist decisions.

TREE NEWS reports: Amazon reported record third-quarter 2026 revenue of $201.9 billion, up 12% year on year, or 13% excluding foreign exchange effects. Global operating profit rose 61% to $28.1 billion, a record 13.9% operating margin. The company expects about $220 billion in cash capital expenditure for 2026, mainly for AWS and AI, with spending set to rise significantly in 2027.

TREE NEWS update: Hong Kong Securities and Futures Commission Chairman Tim Lui told the Hong Kong Securities Association’s 47th anniversary financial innovation forum that the financial industry needs not just artificial intelligence but “Accountable Intelligence.” In a keynote speech, Lui urged institutional executives to take accountability for AI, framing responsibility as central to the technology’s use in finance.

TREE NEWS reports: Alphabet shares closed down 12.64% on Oct. 29, wiping out about $500 billion in market value as third-quarter capital expenditure of $51.36 billion exceeded operating cash flow of $42.29 billion, pushing free cash flow to a net outflow of $9.07 billion. Investors rotated toward Eli Lilly, which rose 6.57% to a record high after raising full-year revenue guidance to $91–92 billion. The Nasdaq fell 1.38% as focus shifted from AI demand to the timing of returns on AI infrastructure spending.

TREE NEWS update: Scroll has detailed plans for a permissioned AI network and a migration of its token to Ethereum, with the broader transition targeted for Q2 2027. Users will need separate plans to handle DeFi positions and other assets during the migration.

TREE NEWS update: Doubao rolled out a free rewards campaign allowing all users to earn extra credits by checking in daily, with 8,800 credits awarded after 30 cumulative days. New users can also claim a 30-day free trial subscription package. The promotion is the platform’s latest move to boost user engagement and retention.

TREE NEWS update: A team of Nvidia and MIT researchers released model weights for Open-H3-Regenerate-2K, a video enhancement project, on HuggingFace, with inference code available in the NVlabs/Sana repository. Built on MiniMaxH3, the system regenerates low-resolution video drafts into high-resolution output supporting 2560×1440 2K, and can achieve native 4K regeneration at up to 3840×2160.

TREE NEWS update: 360 Group’s self-developed AI security offense-defense system, Tulongfeng, topped the CyberGym benchmark with a 99.4% vulnerability reproduction success rate, setting a new world record, the company said. The leaderboard also included models and agents from OpenAI, Anthropic, Google and other leading global AI vendors. CyberGym is described as the “World Cup” of AI security.

TREE NEWS update: 01.AI said it has received a joint investment of several hundred million yuan from state-owned capital in Hangzhou and its Linping district. The company will base its headquarters in Linping and build an industrial AI transformation hub there. 01.AI is preparing for a 2027 listing and aims to become China’s first profitable AI 2.0 company.

TREE NEWS update: China’s National Energy Administration will further study policies to promote compute-power coordination, including green power direct connection models, deputy director of the NEA’s power department Tan Hongjiang said at a press conference on Oct. 30. Compute-power coordination is gaining momentum, green power direct connection is off to a fast start, the policy system is being improved, and localities are actively exploring practical projects, he said.

TREE NEWS update: The Securities Association of China published a collection of 34 AI application cases for the securities industry on October 30, covering seven areas including operational efficiency, customer experience, decision support and risk compliance. The association said AI adoption in the sector is moving from pilot exploration to large-scale deployment. Securities firms’ total IT spending reached 41.088 billion yuan in 2024.

TREE NEWS update: Kexiang Co. plans to invest about 2 billion yuan ($280 million) to build a high-end AI computing PCB substrate project in the Xiangshuihe Industrial Park in Daya Bay, Huizhou, with a two-year construction period. Once completed, the project will add annual capacity of 46,000 square meters of mSAP substrates and 1.2 million square meters of AI server PCB substrates.

TREE NEWS reports: Google DeepMind researchers Alex Imas, Andrew Koh and co-founder Shane Legg said in a paper that gains in individual AI capability only gradually affect wages and prices. Market concentration, employment and wages will shift abruptly only once multi-agent collaboration crosses a “hyper-collaborative” threshold. The authors divide AI development into four stages — minimal AGI, supercompetent AI, hyper-collaborative AI and ASI — and call for benchmarks to measure multi-agent organizational capability.

TREE NEWS reports: KPMG’s October 30 report on China’s Yangtze River Delta smart economy identifies data, computing power and algorithms as the three core drivers of the smart economy, saying the region has built a complete industrial ecosystem spanning foundational computing power, core algorithms, terminal applications and high-end equipment. More than 60% of the listed companies focus on core intelligent technologies or AI-integrated applications, with Series A companies making up the largest share of the capital-stage mix.