Flash News

TREE NEWS update: The Beijing Municipal People’s Government issued its Digital and Intelligent Beijing Development Plan for the 15th Five-Year period, calling for the city to take the lead in developing a token economy. The plan proposes building a quantifiable and priceable data value system based on tokens and encourages the construction of token factories, alongside new agent-economy models such as model-as-a-service and agent-as-a-service.

TREE NEWS update: The Beijing Municipal People’s Government issued the ’15th Five-Year Period Digital Beijing Development Plan’, calling for deeper coordination on computing power, public data sharing and the digital-intelligence industrial chain across Beijing, Tianjin and Hebei. The plan also seeks digital-intelligence ties with the Yangtze River Delta and Greater Bay Area, cross-regional rule mutual recognition and factor flows, and continued filing review, security assessment and confidentiality management for government large-model applications.

TREE NEWS update: US AI infrastructure company Baseten said enterprise users can now access Kimi K3 through OpenAI’s Codex coding tool, with usage fees billed directly against their existing OpenAI procurement commitments and no new vendor onboarding required. The arrangement puts Kimi K3 into the mainstream paid settlement channel for OpenAI enterprise customers, marking the first time a Chinese open-source model has entered that procurement system.

TREE NEWS update: Bank of England Governor Andrew Bailey said more testing of AI models is needed both before and after deployment, ahead of any regulatory framework. Bailey’s remarks signal the central bank’s cautious stance on overseeing AI, with testing requirements positioned as a precondition for regulation rather than a parallel track. He did not specify a timeline or which models would be covered.

TREE NEWS update: Aoni Electronics said its wholly owned subsidiary Aoni Intelligent signed a purchase contract with Company C to buy GPU computing card products for a total of RMB 1.821 billion including tax. The contract takes effect on the date both parties sign and affix their seals, the company said in a filing.

TREE NEWS reports: Meta classified its AI data centers as experimental to qualify for tax breaks, a study shows. The tax treatment of the data centers helped Meta save about $4 billion. The company has been building out AI infrastructure at scale, and the classification affected how the facilities were taxed.

TREE NEWS reports: Foreign banks and institutional investors, including pension funds, sovereign wealth funds and insurers from Asia and the Gulf, are increasingly financing the expansion of North American AI computing capacity, Morgan Asset Management’s Charles Wu said. Capital expenditure in the sector is now approaching $1 trillion, with the inflows raising concerns about hidden debt.

TREE NEWS reports: Everbright Photonics chairman Min Dayong said at the company’s half-year earnings briefing on Sept. 30 that AI computing buildout should push its optical communications revenue growth above industrial laser revenue over the next two years. He said optical chip prices are currently stable on tight supply and demand, but rising yields, capacity expansion and new entrants could bring prices down long-term. Ultra-high-power specialty laser demand is expected to accelerate in 2027–2028.

TREE NEWS update: Primus Labs, GenLayer and TermiX have each rolled out new on-chain points campaigns as of September 30. Primus Labs, a cryptography infrastructure project for privacy and verifiable computation, raised $6.5 million across Pre-seed and Seed rounds in February 2025 led by Dispersion Capital, Symbolic Capital and VanEck. GenLayer, an AI-native blockchain using Optimistic Democracy consensus, raised $7.5 million in a seed round on August 20, 2024 led by North Island Ventures. TermiX, a Binance MVB Season 9 winner, launched a TermiX × Custom AI 3D Holographic task worth 1,000 points.

TREE NEWS reports: Hong Kong stocks closed higher, with the Hang Seng Index up 0.37% and the Hang Seng Tech Index up 0.1%. CanSino Biologics gained more than 17% and Hengrui Pharmaceuticals rose over 10%. Large-model shares rebounded, with Zhipu up more than 4% and MINIMAX up more than 3%.

TREE NEWS reports: Moody’s said self-restraint by AI labs is unlikely to meaningfully slow the pace of development, even as calls grow to decelerate. The ratings agency said regulation could play a larger role, with its credit impact depending on how rules are designed. By 2030, barriers to corporate AI adoption will fall, and chip and memory makers will be the biggest beneficiaries.

TREE NEWS update: Telegram’s built-in crypto wallet, Wallet in Telegram, has been renamed Walt and will add a crypto card and AI-driven trading features. The rebrand follows Telegram’s launch of Gram Wallet, aimed at its 1 billion users for buying, sending and transacting in Gram. Gram Wallet targets entry-level daily use, while Walt serves advanced users needing trading, investment, multi-chain assets and cross-chain transfers. No migration of funds, accounts or settings is required.

TREE NEWS reports: The World Intellectual Property Organization’s Global Innovation Index 2026 report, released on September 29, says artificial intelligence is opening new technological frontiers across scientific fields and reshaping innovation investment, driving combined government and corporate research and development spending to an all-time high in 2025.

TREE NEWS update: Robinhood has launched in-app AI agents that trade crypto and stocks, with trade approvals defaulting to on. A planned Loops feature will let users run recurring strategies around the clock. The company did not disclose a launch date or the models powering the agents.

TREE NEWS update: The China Academy of Information and Communications Technology’s Cloud Computing and Digitalization Institute released the “Token Economy Development Report (2026),” arguing tokens have moved from a technical measurement unit to an industry billing interface. The report identifies three core features underpinning the token economy: measurability, tradability through standardized interfaces, and liquidity that allows tokens to flow freely across global applications and models, supporting complex uses such as RAG and agent toolchains.

TREE NEWS update: OpenAI said it is investigating a rise in error rates affecting ChatGPT Pro and Plus users. The company disclosed the issue without specifying the cause, the number of users affected or a timeline for a fix. Pro and Plus are OpenAI’s paid subscription tiers, and the disclosure concerns elevated error rates on those plans.

TREE NEWS update: DeepSeek has open-sourced a set of infrastructure components for Huawei’s Ascend computing platform, including the TileLang high-level language compiler, a compute library and a distributed communication library. The components correspond one-to-one with its earlier open-source releases for Nvidia platforms. The Ascend version of TileLang wraps Ascend C low-level instructions while preserving hardware performance, DeepSeek said, adding that Huawei’s team provided full support during development.

TREE NEWS update: Micron Technology reports fiscal fourth-quarter results after the US close on September 30, with guidance of $50 billion in revenue, about 86% non-GAAP gross margin and $31.00 non-GAAP EPS. The company said its margin outlook already reflects a marked slowdown in the pace of price increases. HBM’s wafer exchange ratio, roughly 3:1 in the HBM3 era and rising with HBM4, keeps conventional DRAM and NAND supply tight.

TREE NEWS update: Beijing ModelBest Intelligent Technology Co., Ltd. increased its registered capital from RMB 2.5475 million to RMB 360 million. The company, founded in 2022, lists artificial intelligence basic software, applied software and algorithm software development among its business scope, and had already completed two capital increases in September.

TREE NEWS update: President Trump hosted a White House lunch on September 29 with roughly 20 tech leaders and signed the ‘White House Superintelligence Agreement: Shared Commitment to Frontier Responsibility’ with Anthropic, Google, Meta, Nvidia, OpenAI and xAI. Trump said he will not pursue new federal AI safety rules, favoring industry self-regulation. He later signed an executive order renaming federal ‘artificial intelligence’ as ‘Super Intelligence’ (SI).