intelligence

The Director of the National Economic Council of the White House, Kevin Hassett, stated that the artificial intelligence bubble is indeed a cause for concern.

Former President Donald Trump stated on Truth Social that as president, he is 100% supportive of superintelligence and will collaborate with several states in the U.S. that hope to get rich from it.Trump compared superintelligence to a gold mine, saying that only foolish leadership would reject the wealth it brings.

According to the information disclosed by the Beijing Municipal Market Supervision Administration, China National Petroleum Corporation Kunlun Manufacturing Co., Ltd. and its concerted action party Kunlun Capital plan to jointly establish a new joint venture with Yushu Technology and Beijing Panjie Intelligent Technology Co., Ltd., focusing on industrial embodied intelligent robot solution business. The simplified case of operator concentration has entered the public announcement period, which is from November 4, 2026, to November 13, 2026.According to the announced equity structure, after the transaction is completed, Kunlun Manufacturing and its concerted action parties will hold a total of 60% of the shares in the joint venture, while Yushu Technology and Panjie Intelligent will each hold 20% of the shares, with the three parties jointly controlling the joint venture. The joint venture will provide industrial embodied intelligent robot solutions for fields such as oil and gas, refining and transportation scenario inspections and emergency rescue, as well as applications in gas stations and comprehensive energy stations for charging and swapping. Previously, Kunlun Capital participated as an important investor in the strategic allocation of Yushu Technology's IPO on the Sci-Tech Innovation Board, and the two parties signed a strategic cooperation memorandum regarding the application of robots in oil and gas scenarios. The establishment of the joint venture marks the transition of cooperation from capital connection to the stage of physical operation.

The U.S. Department of Justice announced the establishment of the "Superintelligence" Special Task Force (DOJ-SITF), led by Deputy Attorney General Stanley Woodward and Deputy Deputy Attorney General Stephen Weiss, specifically to oversee the misuse of advanced artificial intelligence. The task force's established mission is to ensure that the United States' leading position in the "superintelligence" field is not undermined by criminals, targeting foreign governments and their agents, transnational crime organizations, as well as businesses and individuals using AI to commit fraud and other crimes.Attorney General Todd Blanche stated that the development of "superintelligence" will continue to be driven by American innovators, and the task force will collaborate with SI Force Chairman Jay Clayton to prevent critical AI technologies from being manipulated by domestic and foreign criminals. He noted that the Department of Justice will continue to identify and prosecute individuals who violate the law using superintelligence, including malicious actions targeting American taxpayers, U.S. critical infrastructure, or other national security areas.Weiss stated that the Department of Justice also has the responsibility to enhance regular reporting on superintelligence risks and responses, and to ensure that businesses implement strict internal controls to ensure that relevant technologies "operate as intended." This task force is one of the federal-level initiatives to advance AI regulation; the SEC has included "superintelligence" in its review priorities for 2027, and U.S. banking regulator OCC also released its first AI framework this week. The Department of Justice did not specify the timeline for the task force or disclose how it will coordinate with other agencies.

According to the announcement from Factory, the enterprise-level AI software engineering company Factory has announced the acquisition of the coding intelligence collaboration platform HumanLayer, with co-founders Dex Horthy and Kyle Mistele joining.The HumanLayer platform will be open-sourced, supporting users to export data and migrate to Factory or self-host the open-source version during the transition period.

According to PR Newswire, AI intelligence data security company Sentra announced the completion of a $150 million Series C financing round, led by Capital One Ventures, with participation from existing shareholders including Bessemer Venture Partners, Zeev Ventures, Standard Investments, Munich Re Ventures, and Key1 Capital. Capital One will send a representative to join the board.Sentra stated that it has experienced over 300% year-on-year growth in the past year, and the new funds will be used to expand AI intelligence data access control and static data protection capabilities, as well as to explore new markets. Sentra's total financing has exceeded $250 million.

OpenAI founder Sam Altman posted on X, stating: Humanity should always be in control of the future. He expressed that OpenAI opposes the view that it is acceptable for humanity to be reduced to only doing "things that AI systems deem worthy for humans to do."Sam Altman also stated: Humanity should not cede control of the future to superintelligence, and this requirement should ultimately constrain AI progress. His account bio clearly states that OpenAI's mission is to ensure that general artificial intelligence benefits all of humanity.

Apple (AAPL.O) opens the Siri artificial intelligence preview version to all developers.

On November 3, the National Development and Reform Commission held a series of press conferences on advancing the "14th Five-Year Plan," introducing information on cultivating and strengthening new driving forces. Wang Ruomeng, Deputy Director of the Department of Innovation and High Technology Development of the National Development and Reform Commission, stated that there is a broad consensus in society on the coexistence of opportunities and risks in artificial intelligence. During the "14th Five-Year Plan" period, development and security will be coordinated, with security integrated throughout the research, application, and governance of artificial intelligence.Wang Ruomeng emphasized four key areas of work. First, improve the governance rule system, accelerate the promotion of foundational and comprehensive legislation for artificial intelligence, enhance legislation to protect common elements such as data, computing power, and algorithms, as well as to regulate key application scenarios, establish safety standards and ethical guidelines covering the entire lifecycle, and conduct periodic assessments of the implementation of these systems. Second, optimize the regulatory environment, reasonably set a transition period for regulatory policies, provide compliance guidance for applications across different industries, support the establishment of regulatory sandboxes for artificial intelligence in various fields, and improve the management mechanisms for application, testing, use, and exit.Third, clarify the collaborative governance responsibilities of government departments, industry organizations, enterprises, and the public, promote developers and operators to strengthen risk management awareness, timely disclose safety risks, and proactively report safety incidents and vulnerability information. Fourth, address the impact of artificial intelligence on society, pay attention to changes in employment structure, promote the inclusion of new professions such as model trainers and data annotators into the national occupational classification system, and strengthen monitoring and early warning of employment replacement risks; enhance traceability capabilities for issues such as algorithmic discrimination, deep forgery, and privacy breaches, while also strengthening guidance and intervention to prevent addiction and emotional dependence.

According to Gelonghui, Xiao Yuanqi, Deputy Director of the China Financial Regulatory Bureau, stated at the Fifth International Financial Leaders Investment Summit hosted by the Hong Kong Monetary Authority that a large influx of capital into the technology sector and leading enterprises has raised the leverage levels in these areas, which may lead to excessive expansion.Xiao Yuanqi mentioned that the excessive concentration of capital has an crowding-out effect on traditional industries, raising the borrowing costs for these enterprises, increasing their financial burdens, weakening their ability to reinvest and expand production, and also increasing credit risks. He believes that policymakers should develop corresponding policy frameworks in advance for the AI-driven economic transformation to strengthen macroeconomic management and prevent economic and financial risks.

On November 3, at the 2026 World Internet Conference in Wuzhen, Jack Ma, co-founder and chairman of Alibaba Group, delivered a keynote speech stating that the demand for AI continues to rise, and Chinese companies are continuously increasing their efforts in model open sourcing and ecological openness, with key indicators such as open source model downloads remaining at the forefront. He emphasized, "Only open source can be popularized, and only popularization can create a sustainable and inclusive era of intelligence."According to Jack Ma, three years ago, Alibaba proposed an open source strategy. As of now, Alibaba Qianwen has open-sourced over 470 models, with a total global download exceeding 4 billion.

Kimi, a subsidiary of the artificial intelligence company Dark Side of the Moon, has released a game development and creative work solution that allows AI Agents to move from assisting in programming to participating in the entire workflow of game production, from gameplay design, 3D modeling, engineering development to publishing and operations. The solution is based on K3.1 Pro, Kimi Code, and Kimi Work, and can operate professional tools such as Unity, Unreal Engine, and Blender through plugins.Kimi can modify existing projects, run games independently, view test recordings, and continue to make modifications after identifying issues. In the official demonstration, after the planner provided reference images, videos, and gameplay requirements, Kimi was able to create a 2.5D action game prototype with mechanics such as sword swinging, dodging, and blocking using Godot. The official claim states that even without programming experience, there is a chance to create a playable version within 1 to 2 days.In another demonstration in collaboration with Unity China, Kimi worked continuously for 20 hours without human intervention, reproducing the original work and delivering a native project that can be further developed. Dark Side of the Moon also uses the solution for game publishing and long-term operations, including mass production of advertising materials, analyzing player feedback, handling community content and localization, as well as integrating AI dialogue capabilities for game NPCs through APIs.

According to The Information, Meta Platforms (META.O) has collaborated with the Chinese startup Fourier to create a humanoid robot prototype, aiming to expand its presence in the robotics field. The two parties developed this humanoid robot, which weighs approximately 106 pounds, in just three months, with the internal code name "Max."

The enforcement director of the U.S. Securities and Exchange Commission stated that the agency is reviewing the information disclosure of artificial intelligence companies.

The market intelligence platform Predict Pro announced on its official X account on October 26 that it has completed a $4 million strategic financing round, with investors including DuckDao, Becker Ventures, and M2M Capital.Predict Pro stated that this round of funding will be used to advance its global ecosystem and develop AI Agents powered by DEITIES to support AI-related capabilities in the prediction market. According to the official introduction, Predict Pro is positioned as an AI-native intelligence product for the prediction market, connecting real-world events, market signals, and judgments.

According to official news, Sequoia China and the robotics company Yushu Technology announced the establishment of the "ShanYu·Innovation Plan," focusing on discovering and investing in embodied intelligence, robotic applications, and their upstream and downstream key technologies, as well as early-stage entrepreneurial projects in other cutting-edge hard technology fields.It is reported that the core strategy of this plan is "understanding technology and industry, discovering early, making quick decisions, valuing people, and not adding chaos," which will provide industrial and financial resources for promising early-stage entrepreneurs in the fields of embodied intelligence, robotics, and other cutting-edge hard technologies.

According to Bloomberg, robotics AI software developer Physical Intelligence is negotiating at least $1 billion in financing, with a valuation expected to nearly double to about $20 billion. Existing investors Avenir and Lux Capital are in talks to lead the investment. Earlier this year, Physical Intelligence raised funds at a valuation of $11.5 billion, and insiders say the company currently has no revenue.Physical Intelligence was founded in 2024 by former Google DeepMind researchers and scholars from Stanford University and the University of California, Berkeley. Investors include CapitalG, a subsidiary of Alphabet, Jeff Bezos, and Thrive Capital. The company develops AI software that can run on various third-party hardware and supports multiple robotic actions. Recent job postings indicate that employees will train robots to perform daily household tasks. Earlier this month, Physical Intelligence opened access to its latest robot model for external developers for fine-tuning, which is still in the testing phase.

U.S. President Trump stated that he will soon officially ban the term "artificial intelligence (AI)" in all relevant documents.

Oracle (ORCL.N) launched an artificial intelligence data platform aimed at enterprise-level artificial intelligence scalable applications.

Reuters reported on October 26 that amid fluctuations in global tech stocks, Chinese artificial intelligence and semiconductor-related stocks have already declined. The STAR50 index, dominated by mainland artificial intelligence and semiconductor leaders, has dropped 40% in less than four months, with a market value evaporating by about $480 billion. The CSI 300 index has fallen about 20% from its June peak, interrupting nearly two years of gains. Beijing fund manager Dong Baozhen said: The stock market has evolved into a speculative frenzy bull market, and now the bubble is bursting. Traders noted that the decline does not have a clear single trigger factor; high prices, tax bills, and the possibility of the U.S. or other countries banning Chinese equipment from entering data centers have all had an impact. During the same period, the Nasdaq has retreated 6% from its record high three weeks ago.Goldman Sachs stated that AI stocks account for 42% of China's market value and 57% of the trading volume of mainland A-shares and Hong Kong H-shares. When the robotics company Yushu went public, retail investors oversubscribed by about 8,000 times, and since trading began in August, its stock price has fallen by about half; chip company Changxin Storage has dropped more than a quarter in the past month. Mu Xi Integrated Circuit and Moore Threads saw their stock prices rise by about 700% and 400% respectively on their first day of trading last year, but have also fallen by about half since July. Optical module companies Zhongji Xuchuang and Guangxun Technology have dropped about 60% from their June and July peaks, partly due to the U.S. moving towards banning these companies from supplying to U.S. data centers. Hainan investor Chen Wensheng said: He bought Yushu because he felt official support and that there were state-owned background funds investing, but he is currently suffering losses with friends.The STAR50 is currently still about 100 times its past earnings, having fallen from a high of nearly 250 times, with investors comparing it to the Nasdaq 100's price-to-earnings ratio of about 30 times. Hong Hao, Managing Director and Chief Investment Officer of Lotus Asset Management in Hong Kong, said: The current situation will cause many companies trying to go public to pause. Leo Wang, a partner at Beijing Qianchuang Capital, said: Overemphasizing the market capitalization weight of tech companies in major indices will create serious bubbles in certain industries and siphon off funds from other sectors. Wang Zhuo, a partner at Shanghai Zhuozhu Investment Management, said: Chip manufacturers and AI suppliers will ultimately fall into price wars like other Chinese manufacturers. HSBC Research stated that Asian funds have generally been selling over the past three months but are still overweight in China; Goldman Sachs' updated recommendation list this month includes Zhongji Xuchuang and Changxin Storage. The China Securities Regulatory Commission did not immediately respond to Reuters' inquiries; Chairman Wu Qing met with market participants earlier this month to hear suggestions for improving the capital market.