Technology · 10.4

Artificial Intelligence

Quantified news impact based on deduplicated, quality-reviewed events in a single 3-day window.

Average net impact+17weighted per event

Average gross impact20absolute weighted average

Events63same period

Confidence76%model average

Raw intensity67before weighting

Previous period+13net impact

Gross change+13%

Diffusion speed21.0 / day

Concentration2%

Direction disagreement14%

Source independence98%22 sources

IMPACT TREND

3-day effective impact

Positive 58 · Negative 3 · Mixed 2

+410-41

28 Jul, 1813 events

29 Jul, 001 event

+13

29 Jul, 067 events

+13

29 Jul, 125 events

+16

29 Jul, 189 events

+11

30 Jul, 002 events

+20

30 Jul, 069 events

+22

30 Jul, 126 events

30 Jul, 182 events

+10

31 Jul, 003 events

+41

31 Jul, 064 events

+29

31 Jul, 122 events

Current periodPrevious period

TIME HORIZON

Impact duration

Immediate0%0 cumulative effective impact

Short term16%206 cumulative effective impact

Medium term69%866 cumulative effective impact

Long term14%182 cumulative effective impact

CO-IMPACT

Related industries

EVENT EVIDENCE

Events ranked by effective impact

Page 5 of 7 · 62 events

Macro3

Macro29 Jul, 18:34positive

Shanghai Guotou Xian Dao Fund: 900B Yuan Mother Funds Invest 565B, Leverage 2.5T Social Capital

Wen Zhi, general manager of Shanghai Guotou Xian Dao Fund, stated at the 2026 Sci-Tech Innovation Industry Integration Conference that the three major leading industry mother funds total 900 billion yuan, with cumulative investment decisions of 565 billion yuan, leveraging over 2.5 trillion yuan in social capital. Direct investments exceeding 70% target early-stage and small enterprises. The funds have a 15-year term, and 55 sub-funds have invested in nearly 400 projects, with over 80% directed to early-stage and small firms. Wen Zhi outlined challenges and practices in state capital fund operations.

Effective: +12
Intensity: 55
Confidence: 80%
Horizon: Long term

Macro30 Jul, 15:08positive

China's 'Three New' Economy Value Added Hits 25.79 Trillion Yuan in 2025, Up 6.2%, Accounting for 18.39% of

In 2025, China's 'three new' economy generated a value added of 25.79 trillion yuan, up 6.2% year-on-year at current prices, representing 18.39% of gross domestic product. The growth rate exceeded the overall GDP growth by 2.2 percentage points, and the share rose by 0.38 percentage points from the previous year.

Effective: +12
Intensity: 45
Confidence: 65%
Horizon: Medium term

Macro29 Jul, 10:45positive

Chengdu High-tech Zone AI Industry Reaches 90.7B Yuan, 10750P Computing, 13 Models, 10B Fund

Chengdu High-tech Zone held an AI industry investment promotion event during the 2026 World AI Conference and APEC Digital Week. The zone's AI and robotics core industry scale reached 90.7 billion yuan in 2025, up 44% year-on-year, accounting for over 60% of Chengdu and nearly 50% of Sichuan. Computing power hit 10,750 P, 13 large models passed national registration, and a 10-billion-yuan fund-of-funds cluster was established. The zone also released application scenarios and deployed robots at the World Games.

Effective: +10
Intensity: 60
Confidence: 75%
Horizon: Medium term

Industries1

Industries29 Jul, 22:19positive

Leapmotor Establishes Huzhou Precision Manufacturing Subsidiary with RMB 210 Million to Expand into Auto Parts

Leapmotor has set up Huzhou Lingsheng Precision Manufacturing Co. , Ltd. with a registered capital of RMB 210 million, covering auto parts, industrial robots, and intelligent robot R&D. The new entity is wholly owned by Leapmotor's subsidiary Zhejiang Lingsheng Power Technology Co. The company did not comment on the move. Leapmotor has been exploring robotics since early 2025, and its chairman recently noted the company's market cap is only 0.5% of Tesla's, despite selling 43% of Tesla's volume. The move reflects broader automotive industry interest in robotics as a growth avenue, though commercialization remains uncertain.

Effective: +9
Intensity: 50
Confidence: 70%
Horizon: Long term

Companies6

Companies28 Jul, 22:04positive

Cambricon Unveils Restricted Stock Plan, Targets 2026 Revenue of at Least 13.5 Billion RMB

Cambricon issued a draft restricted stock incentive plan, planning to grant 5 million shares (0.80% of total shares) at RMB 750 per share. The initial grant covers 4 million shares to 945 employees (85.37% of staff). Performance targets require 2026 revenue of at least RMB 13.5 billion, cumulative 2026-2027 revenue of at least RMB 40.5 billion, and cumulative 2026-2028 revenue of at least RMB 100 billion.

Effective: +12
Intensity: 68
Confidence: 80%
Horizon: Medium term

Companies29 Jul, 07:18positive

SK Hynix Ships HBM4 in Q2 2026, HBM4E Samples Delivered in First Half

SK Hynix disclosed in its Q2 2026 earnings report that HBM4 has entered mass production and shipment during the quarter, with plans to expand output in the second half. HBM4E samples were delivered in the first half of 2026, using an optimal process that balances technical maturity and production stability.

Effective: +12
Intensity: 65
Confidence: 75%
Horizon: Short term

Companies29 Jul, 10:16positive

Baidu Apollo Go and FREENOW Launch Robotaxi Road Tests in London, Aim for Public Service by 2027

European mobility platform FREENOW announced on July 28 a partnership with Baidu Apollo Go to begin driverless taxi testing in London. Uber confirmed that Apollo Go vehicles are operating on London public roads. Baidu stated this marks the first time a Chinese autonomous vehicle has conducted real-world tests in London's complex traffic environment, and it represents Apollo Go's expansion into a right-hand-drive market after Hong Kong. The test fleet uses Apollo RT6 vehicles with safety operators. Initial testing will take place in London's Brent area, covering both urban and suburban driving conditions. FREENOW and Apollo Go plan to start providing ride services to the public by 2027.

Effective: +11
Intensity: 60
Confidence: 80%
Horizon: Medium term

Companies28 Jul, 19:23positive

SigmaStar Technology Expects H1 2026 Net Profit to Surge 583%-650% to 820-900M Yuan

SigmaStar Technology, the world's largest visual AI SoC supplier by 2024 shipments, forecasts H1 2026 net profit attributable to shareholders of 820-900 million yuan, up 583%-650% year-on-year, and revenue of 2.62-2.72 billion yuan, up 87%-94%. Robot chip shipments exceeded 10 million units in 2025. The company, spun off from MStar's security chip team and now 28.74%-owned by MediaTek, has expanded from security into robotics, automotive, and AI eyewear. It acquired Furuikun Microelectronics in late 2025 to add Bluetooth connectivity.

Effective: +10
Intensity: 70
Confidence: 80%
Horizon: Medium term

Companies28 Jul, 22:24positive

Cambricon Plans to Grant 5 Million Restricted Shares at 750 Yuan Each to 945 Recipients, 0.80% of Capital

Cambricon plans to grant 5 million restricted shares to 945 incentive recipients at a price of 750 yuan per share, representing approximately 0.80% of its total share capital. The initial grant covers 4 million shares, with 1 million shares reserved. The recipients account for 85.37% of the company's 1,107 employees as of December 31, 2025.

Effective: +10
Intensity: 60
Confidence: 85%
Horizon: Medium term

Companies28 Jul, 23:19positive

Tianfu Communication: AI Drives Optical Interconnect, 1.6T Engine Mass Production, Stock Down 13.21%

On July 28, shares of Tianfu Communication fell 13.21% amid a broad sell-off in CPO concept stocks, though the stock remains up 25.41% year-to-date. The company's board secretary stated that AI computing power is driving strong demand for optical interconnects, which along with computing and storage form the three pillars of AI infrastructure. Tianfu Communication has mass-produced 1.6T optical engines, is delivering CPO supporting products (FAU and ELS), and is advancing production bases in Suzhou, Jiangxi, and Thailand.

Effective: +9
Intensity: 65
Confidence: 75%
Horizon: Medium term