TREE NEWS update: Biwin Storage said in a regulatory announcement that it is actively expanding into emerging application markets including artificial intelligence computing infrastructure. The company is advancing its dual strategy of storage plus wafer-level advanced packaging and accelerating construction of a wafer-level advanced packaging and testing manufacturing project. It is also pushing R&D and commercialization of FOMS, CMC and OEC advanced packaging technologies for advanced storage, compute-in-memory packaging and high-speed optical interconnects.
TREE NEWS reports: Meta closed at $648.85 on October 22, down 6.98%, despite third-quarter revenue of $64.601 billion, up 26% year over year. Free cash flow turned negative at $2.12 billion as capital expenditure and finance lease payments of $34.91 billion exceeded operating cash flow of $32.79 billion. The company also booked about $9.89 billion in legal-related expenses and raised the lower end of its 2026 capex guidance to $135 billion.
TREE NEWS update: The Central Cyberspace Affairs Commission issued China’s 15th Five-Year Plan for Informatization, calling for the development of high-performance AI chips and a high-availability basic software stack. The plan also covers intelligent phones, computers and wearables, embodied intelligence such as unmanned vehicles and humanoid robots, and R&D in quantum computing, quantum communication and quantum precision measurement. It further promotes quantum-safe protection technology and post-quantum cryptography research, along with brain-computer interface systems for signal acquisition, neural decoding, disease diagnosis and virtual-real control.
TREE NEWS update: China’s State Council General Office issued an opinion on adapting to AI development and building an employment-friendly growth model, calling for eastern regions to site core AI industries while guiding central and western regions to take on data labeling and smart-device manufacturing. The plan also backs smart-native and specialized SMEs, including access to targeted loans for job stabilization and expansion.
TREE NEWS update: China’s State Council issued an opinion on adapting to AI development and building an employment-friendly development model, calling for faster development of new occupations and occupation standards around AI scenario cultivation and large-scale application. It aims to expand demand for roles including digital management professionals, AI engineering technicians and AI trainers, and encourages localities to add AI-related professional title evaluation categories and carry out AI vocational skill level certification.
TREE NEWS update: China’s State Council General Office issued an opinion on building an employment-friendly development model adapted to AI technology, calling for efforts to mitigate AI’s job-replacement impact and establish an employment risk assessment mechanism for AI applications. The guidance sets out deployments for related work.
TREE NEWS update: State Grid Ningxia Electric Power Co. released eight measures on Oct. 23 to serve the region’s computing-power development, covering grid planning, power-supply security, green-power trading and a green-power traceability system. The steps aim to make electricity use by Ningxia’s computing enterprises more efficient, greener and safer, and to advance coordination between computing and power.
TREE NEWS update: Hong Kong Exchanges and Clearing Limited (HKEX) announced on Friday the launch of the HKEX AI Index and the HKEX Semiconductor Index. The two new indices expand HKEX’s self-compiled index series and provide benchmarks for investors to capture opportunities in the artificial intelligence and semiconductor technology themes.
TREE NEWS update: iFlytek released its general-purpose Spark X2.6 large model at its 1024 Developer Festival on October 22. The model uses a 293B-A30B mixture-of-experts architecture, was trained entirely on domestically produced compute, supports a one-million-token context window, and for the first time achieved breakthroughs in code and long-horizon agent tasks on fully domestic compute.
TREE NEWS update: RoboColiseum, an embodied AI evaluation platform co-founded by Mifeng Technology, Hugging Face, NVIDIA, Tsinghua University and nearly 20 universities, companies and research institutes, published its latest benchmark results. Anthropic’s Claude Opus 5.5 ranked first overall among four flagship models, with GPT-6 Astra second. The head-to-head comparison offers a reference for assessing the strengths and weaknesses of general-purpose large models versus embodied strategy models.
TREE NEWS update: AI video startup Higgsfield Inc. said it has received investment from Nvidia and TCV to fund global infrastructure buildout and hiring. The San Francisco-based company, founded by a former Snap executive, keeps most of its engineering talent in Kazakhstan. The funding announcement coincided with Nvidia CEO Jensen Huang’s visit to the country.
TREE NEWS update: a16z Crypto will rename itself a16z Frontier and widen its investment scope from crypto startups to broader frontier technology, Chris Dixon announced on October 23. The new fund will focus on AI and its emerging products and markets, including autonomous machines, hardware-software companies and new networks connecting people and agents. The shift comes roughly five months after a16z closed a $2.2 billion fifth crypto fund in May.
TREE NEWS update: Kimi (Moonshot AI) is about to release its latest large model, K3.1, and has published a promotional teaser video for it. Developers across the AI industry have noticed the update and are discussing it widely. No release date or technical details were disclosed.
TREE NEWS update: Shanghai’s Municipal Commission of Economy and Informatization issued an action plan on AI-empowered industrial services for 2027-2028, proposing subsidies of up to 5 million yuan per enterprise for using third-party large-model APIs deployed on cloud platforms or private deployments of third-party large models, to advance vertical large-model applications and lower the cost of using intelligent elements.
TREE NEWS update: Shanghai’s Municipal Commission of Economy and Informatization issued an action plan to advance AI-enabled industrial services for 2027-2028, encouraging companies to make forward-looking bets on physical AI. The plan calls for breakthroughs in world-model construction, multimodal physical perception, virtual-real interaction and autonomous decision-making, and supports firms in developing industrial agent technologies including task planning, tool use, long-term memory, interoperability and swarm coordination.
TREE NEWS reports: Hong Kong’s Hang Seng Tech Index extended gains to 2% on the day, while the broader Hang Seng Index rose 0.79%. AI-linked names led the advance, with MINIMAX climbing 12% and Zhipu gaining nearly 7%. No specific catalyst for the moves was given in the market data.
TREE NEWS update: Lianxun Instruments said its core test instruments for 800G and 1.6T high-speed optical module testing — including sampling oscilloscopes, bit error rate analyzers and clock recovery units — are its main products for 2026 delivery and are seeing strong market demand. The company said production expansion is advancing in line with business needs, with related construction proceeding under existing plans and overall progress meeting expectations.
TREE NEWS update: Zhongji Innolight reported first-half 2026 revenue of 41.78 billion yuan, up 182.49% year on year, with net profit attributable to shareholders reaching 13.65 billion yuan, up 241.70%. In a midday filing on its recent operations, the optical interconnect maker said production and supply chains are stable, capacity utilization is full and customer orders are strong. Revenue grew from 2.357 billion yuan in 2017 to 38.24 billion yuan in 2025, a 41.67% compound annual growth rate.
TREE NEWS update: Bitcoin Core has changed its security disclosure policy, saying that keeping certain vulnerabilities secret no longer offers much protection given AI-assisted bug hunting. The project said the shift reflects how artificial intelligence is making software flaws easier to find, reducing the value of withholding details about certain bugs.
TREE NEWS update: Victory Giant Technology said its order book is full with visibility at a historic high, and that some customers have already signaled long-term demand through 2027-2028. The Chinese PCB maker said R&D iterative products developed with core customers are progressing smoothly, and multiple high-end products have entered mass production in AI compute, data centers, high-performance computing and optical modules.