Technology · 10.4

Artificial Intelligence

Quantified news impact based on deduplicated, quality-reviewed events in a single 200-day window.

Average net impact+25weighted per event

Average gross impact30absolute weighted average

Events191same period

Confidence74%model average

Raw intensity61before weighting

Previous period0net impact

Gross changeInsufficient base

Diffusion speed1.0 / day

Concentration1%

Direction disagreement15%

Source independence98%29 sources

IMPACT TREND

200-day effective impact

Positive 148 · Negative 13 · Mixed 30

+250-25

16 Jan0 events

1 Feb0 events

18 Feb0 events

7 Mar0 events

23 Mar0 events

+14

9 Apr1 event

26 Apr0 events

+20

12 May1 event

29 May0 events

15 Jun0 events

1 Jul1 event

+25

18 Jul188 events

Current periodPrevious period

TIME HORIZON

Impact duration

Immediate1%84 cumulative effective impact

Short term23%1331 cumulative effective impact

Medium term63%3618 cumulative effective impact

Long term12%667 cumulative effective impact

CO-IMPACT

Related industries

EVENT EVIDENCE

Events ranked by effective impact

Page 1 of 19 · 189 events

Macro2

Macro31 Jul, 12:01positive

NDRC to Accelerate AI Law Legislation, National AI Computing Power Surges 2.8-Fold

China's National Development and Reform Commission (NDRC) announced plans to accelerate the legislative process for an artificial intelligence law, aiming to establish a key institutional framework and provide a distinctive AI governance approach. As of the end of June 2026, the national AI computing power scale had reached 2.8 times that of the same period in 2025, with AI-related industries expanding by over 30%. The NDRC emphasized the need for risk monitoring and human-centered development. Additionally, estimates indicate that the computing network during the 15th Five-Year Plan period will attract RMB 4 trillion in direct investment.

Effective: +69
Intensity: 90
Confidence: 92%
Horizon: Medium term

Macro31 Jul, 10:32positive

15th Five-Year Plan Computing Power Network to See 4 Trillion Yuan in New Direct Investment, Huge Potential

NDRC spokesperson Jiang Yi said on July 31 that institutions estimate the 15th Five-Year Plan period will bring RMB 4 trillion in new direct investment for computing power network construction. As corporate investment dominates, this creates significant opportunities for private capital. The NDRC will enhance planning and factor guarantees to foster a favorable environment for private investment.

Effective: +63
Intensity: 90
Confidence: 85%
Horizon: Long term

Industries3

Industries3 Aug, 20:16positive

China's AI Industry Scale Exceeds RMB 1.2 Trillion in 2025, Up 40% Year-on-Year

According to the China Academy of Information and Communications Technology (CAICT), China's artificial intelligence industry surpassed RMB 1.2 trillion in scale in 2025, a 40% year-on-year increase. As of June 2026, the number of AI enterprises in China exceeded 6,600, accounting for 15% of the global total. The industry now spans a complete system covering foundational infrastructure, model frameworks, and sector applications.

Effective: +65
Intensity: 85
Confidence: 90%
Horizon: Medium term

Industries28 Jul, 04:49positive

SoftBank Group builds US AI data centre; OpenAI considers tenancy and negotiates $250 billion Nvidia credit

SoftBank Group is building a large-scale AI data centre in the US state of Ohio, with construction set to start this year as part of a $500 billion Japan–US investment. OpenAI is considering a tenancy and is in discussions with Nvidia for a credit guarantee of roughly $250 billion (¥40 trillion) to sign a lease and cover facility-construction debt. The guarantee would make it easier for the unprofitable, privately held AI company to access bank financing.

Effective: +64
Intensity: 88
Confidence: 85%
Horizon: Medium term

Industries3 Aug, 18:07positive

China AI 2026: Large Model Market Exceeds RMB 70 Billion, Agent Market RMB 44.9 Billion, 72% Adoption

China's AI industry in 2026 shows robust growth: the large model market exceeded RMB 70 billion, enterprise agent market reached RMB 44.9 billion, and 72% of enterprises completed Agent pilots. Meanwhile, industrial AI adoption rose from 9.6% in 2024 to 47.5% in 2025, small models cut costs by 95% in specific scenarios, and 47% of organizations reported AI-related security incidents. These figures highlight rapid expansion alongside governance challenges.

Effective: +61
Intensity: 90
Confidence: 85%
Horizon: Short term

Companies5

Companies27 Jul, 12:11positive

Moonshot AI Unveils Kimi K3 Open-Source Model with 2.8 Trillion Parameters, Raises $3.5 Billion in Series F

Moonshot AI released the Kimi K3 model weights and technical report on July 27, 2026, alongside three key infrastructure technologies: MoonEP, FlashKDA and AgentEnv. The 2.8-trillion-parameter mixture-of-experts model features native visual understanding and a 1-million-token context window. It achieved top open-source scores on benchmarks including the Artificial Analysis Intelligence Index v4.1 and Frontend Code Arena, though it remains slightly behind Claude Fable 5 and GPT-5.6 Sol. On July 29, the company completed a Series F round of over US$3.5 billion at a US$50 billion pre-money valuation. Rapid adoption followed across Huawei Ascend, Alibaba Cloud and global providers like Nebius and Cursor.

Effective: +71
Intensity: 90
Confidence: 95%
Horizon: Short term

Companies3 Aug, 10:34positive

Alibaba Debuts 2.4 Trillion Parameter Qwen3.8-Max AI Model, Stock Jumps Over 7%

Alibaba Group launched its flagship large model Qwen3.8-Max on August 3, with 2.4 trillion total parameters. The model ranks in the top tier globally, scoring 93.0 on PaperBench and leading mainstream models on OSWorld-Verified with 86.1 points. Alibaba’s Hong Kong shares surged 7.01% to HK$125.2, lifting market capitalisation to HK$2.4 trillion; US shares rose more than 5%. It also unveiled an enterprise agent product and opened API access, with domestic pricing starting at RMB12 per million input tokens.

Effective: +70
Intensity: 85
Confidence: 90%
Horizon: Short term

Companies28 Jul, 15:29positive

Nvidia Signs Up to $50 Billion Data Center Lease, Deploying Hundreds of Thousands of GPUs in Texas

Nvidia has signed a lease for Hut 8's Beacon Point campus in Texas, with a 1-gigawatt capacity and hundreds of thousands of its GPUs. The 15-year base lease is valued at $19.6 billion, with a potential 30-year total of $50.2 billion if all renewal options are exercised. Nvidia's credit default swap spread widened amid reports of large financing deals. The company's unpaid data center lease payments reached $32.4 billion in its latest quarter, up from $7.4 billion in the same period of 2025.

Effective: +70
Intensity: 90
Confidence: 95%
Horizon: Long term

Companies28 Jul, 21:12positive

Moonshot AI Completes Over $3.5 Billion Series F, Valuation Hits $35 Billion, Series G Pre-IPO at $50 Billion

Moonshot AI completed a Series F funding round of over $3.5 billion, raising its post-money valuation to $35 billion. The company accelerated its Series G pre-IPO round with a pre-money valuation of $50 billion, targeting a Hong Kong listing in 2026. Its annual recurring revenue exceeded $300 million as of June 2026, with API revenue accounting for over 70%.

Effective: +65
Intensity: 88
Confidence: 90%
Horizon: Medium term

Companies29 Jul, 19:24positive

Etched raises $300m Series C at $10.3 billion valuation as Sohu chip boasts 20x H100 inference speed

AI inference chip startup Etched has closed a $300 million Series C round led by Sequoia Capital, lifting its valuation to $10.3 billion. The company recently taped out its first A0 chip and has secured more than $1 billion in customer orders. Its Sohu ASIC, purpose-built for transformer inference, has demonstrated up to 20 times the throughput of an equivalent Nvidia H100 server. The round included a16z, Jane Street, Diffusion and SK Hynix, and follows a $500 million Series B in late 2025 and a $120 million Series A in 2024.

Effective: +62
Intensity: 80
Confidence: 88%
Horizon: Short term