Technology · 10.4

Artificial Intelligence

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

Average net impact+24weighted per event

Average gross impact30absolute weighted average

Events163same period

Confidence74%model average

Raw intensity61before weighting

Previous period0net impact

Gross changeInsufficient base

Diffusion speed0.8 / day

Concentration1%

Direction disagreement19%

Source independence98%29 sources

IMPACT TREND

200-day effective impact

Positive 125 · Negative 13 · Mixed 25

+240-24

12 Jan0 events

29 Jan0 events

15 Feb0 events

3 Mar0 events

20 Mar0 events

+14

6 Apr1 event

22 Apr0 events

9 May0 events

+21

26 May1 event

11 Jun0 events

28 Jun1 event

+24

15 Jul160 events

Current periodPrevious period

TIME HORIZON

Impact duration

Immediate2%85 cumulative effective impact

Short term22%1076 cumulative effective impact

Medium term63%3048 cumulative effective impact

Long term13%623 cumulative effective impact

CO-IMPACT

Related industries

EVENT EVIDENCE

Events ranked by effective impact

Page 12 of 17 · 162 events

Macro1

Macro31 Jul, 10:07positive

China's Trade with BRI Partners Hits RMB 12.97 Trillion in H1 2026, Up 14.8%

China's National Development and Reform Commission reported that in the first half of 2026, goods trade with Belt and Road partner countries reached RMB 12.97 trillion, up 14.8% year on year, accounting for 50.9% of total foreign trade. Investment cooperation expanded into high-tech and green sectors. Infrastructure projects advanced, including the Hungary-Serbia Railway's freight service launch, full construction of the China-Kyrgyzstan-Uzbekistan Railway, and 11,186 China-Europe freight train trips, a 20.2% increase.

Effective: +17
Intensity: 40
Confidence: 50%
Horizon: Long term

Industries2

Industries28 Jul, 21:13positive

Gansu Electric Power Investment Group Releases 'Zijin Yuneng', China's First Provincial-Level AI Large Model

On July 28, Gansu Electric Power Investment Group launched 'Zijin Yuneng', the first provincial-level AI large model for the power industry in China. The model supports fine-tuning and high-performance inference with hundreds of billions of parameters, is compatible with multiple mainstream multimodal models, and provides a one-stop toolchain covering data preprocessing, model training, and inference optimization. It aims to integrate AI resources and facilitate collaborative development across the energy power sector.

Effective: +19
Intensity: 50
Confidence: 65%
Horizon: Medium term

Industries28 Jul, 08:30positive

China Liquid Cooling Server Penetration Rises from Under 3% in 2021 to 20% in 2025

Liquid cooling for data centers is gaining traction as AI drives higher computing density. China's liquid cooling server penetration rose from under 3% in 2021 to 20% in 2025, while global AI data center liquid cooling penetration increased from 14% in 2024 to 33% in 2025. Cold plate liquid cooling dominates, with immersion cooling limited to specific high-density scenarios. At the 2026 World AI Conference, major server vendors including Huawei, ZTE, H3C, and Inspur upgraded their supernode systems to full liquid cooling. Coolant standardization remains incomplete, with PG 25 (25% propylene glycol, 75% deionized water) and EG 25 lacking unified specifications. Operational complexity and construction costs pose ongoing challenges.

Effective: +17
Intensity: 45
Confidence: 55%
Horizon: Medium term

Companies7

Companies20 Jul, 16:09positive

Chinese Embodied AI Tactile Sensing Firm Yimu Tech Raises Over 1 Billion Yuan in Series E

Yimu Tech, a Chinese developer of tactile sensing hardware and software for embodied intelligent systems, has raised over 1 billion yuan in a Series E funding round, valuing the company at over 10 billion yuan. The company develops tactile sensing materials, chips, algorithms, and models for robotic applications. The new capital will support further research and development, as well as mass production and order fulfillment.

Effective: +19
Intensity: 50
Confidence: 60%
Horizon: Medium term

Companies28 Jul, 08:35positive

Anthropic Product Designer's Side Project Claude Design Goes Official, Surpasses 1 Million Users in First Week

Anthropic product designer Nate Parrott's side project Claude Design, a visual communication tool, has been officially adopted as a product. It surpassed 1 million users in its first week. The tool exports PDF, PPTX, HTML and integrates with Canva, Adobe, Gamma, and others. It is not an image generation model and requires users to import their own logos and brand assets.

Effective: +19
Intensity: 55
Confidence: 80%
Horizon: Medium term

Companies27 Jul, 13:37positive

MiniMax Targets Model Cost-Efficiency, M3 Processes Trillion Tokens Daily, H3 Multimodal Model Imminent

MiniMax management held an analyst meeting on July 23, stating that its primary goal is to achieve the best cost-efficiency for each model. The M3 model processes a trillion tokens daily, and the open platform/API revenue has achieved a healthy gross margin. The company has built its own computing capacity through domestic and international acquisitions and long-term leases secured when GPU and AI server rental prices were significantly lower than current levels. The upcoming H3 multimodal model, capable of understanding text, images, video, audio, and music, and generating video, images, and audio, is in the final stages of release preparation. MiniMax's current market value is approximately $8 billion to $8.5 billion. The company needs to demonstrate simultaneous improvement in model usage, commercial revenue, and inference costs, while its commercialization ability, cash burn, and self-funding capacity remain under observation.

Effective: +17
Intensity: 55
Confidence: 70%
Horizon: Short term

Companies31 Jul, 21:20positive

Yuewen Group Launches Paid Short Drama App Qidian Theater with IP-Focused Model

Yuewen Group on July 7 launched Qidian Theater, a video app dedicated to IP-adapted series, focusing on premium short dramas and AI comic dramas. The app adopts a pay model combining ad unlocks and membership subscriptions, leveraging Yuewen’s vast IP library. Currently, 13 short dramas are available on the 'Editor’s Pick' channel and 6 on the 'Otherworldly Start-up Guide' channel. The platform also introduced an 'IP Wish Plan' where six novels have reached the required vote threshold for production. In 2026, Yuewen plans to launch no fewer than 200 short dramas.

Effective: +17
Intensity: 40
Confidence: 60%
Horizon: Medium term

Companies28 Jul, 16:01positive

Volcano Engine Launches Doubao Search on July 28, Providing Cross-Language, Multimodal, Multi-Vertical Online

The Doubao search service, launched on July 28 by Volcano Engine, offers cross-language, multimodal, and multi-vertical online information retrieval. It integrates global internet information, industry-specific knowledge, and ByteDance's exclusive content resources to construct an AI Agent for enterprises and developers. The service aims to provide comprehensive search capabilities across languages, modalities, and verticals, leveraging ByteDance's proprietary content and industry expertise.

Effective: +16
Intensity: 50
Confidence: 75%
Horizon: Medium term

Companies28 Jul, 11:50positive

Dongguan Digital Human Body and Smart Sleep Innovation Consortium Inaugurated at DeRUCCI, Yin Zhouping as

The Dongguan Digital Human Body and Smart Sleep Innovation Consortium was inaugurated on July 27 at DeRUCCI headquarters, with about 300 attendees. Academician Yin Zhouping was appointed chief scientist, and DeRUCCI CTO Chen Wenze as administrative chief engineer. The consortium launched its proprietary sleep vertical large model, deployed in the T12 series, enabling sleep report generation, personalized plans, and smart home device coordination. Several top hospitals, including Peking University Third Hospital, established AI research wards for home-clinic bidirectional sleep monitoring. The consortium plans a medical-grade sleep data center targeting millions of ergonomic data models and tens of billions of sleep behavior records for early disease warning.

Effective: +16
Intensity: 40
Confidence: 70%
Horizon: Medium term

Companies27 Jul, 21:38positive

Waymo Notifies Uber of Plan to Operate Independently in Austin and Atlanta in 2028

Waymo has notified Uber of its plan to begin independent operations in Austin and Atlanta in January 2028, ending their partnership. The companies, which first partnered in 2023, have become competitors. Waymo is valued at $126 billion, while Uber has invested over $10 billion in autonomous driving. Their partnership ended in Phoenix in May 2026. Waymo will offer direct ride-hailing alongside Uber. Tensions include Uber's lobbying for a hybrid model requiring 85% human-driven orders.

Effective: +15
Intensity: 40
Confidence: 60%
Horizon: Long term