1. Meta is building its cloud business, selling off excess AI computing power. 2. Nvidia launches a new cooperation model for AI infrastructure, sharing revenue with AI cloud providers to support computing power development. 3. Media reports that S

2026-07-02

1. Meta is building its cloud business, selling off excess AI computing power. 2. Nvidia launches a new cooperation model for AI infrastructure, sharing revenue with AI cloud providers to support computing power development. 3. Media reports that SpaceX showcased a prototype of a slim handheld AI device; Musk publicly refuted the claim, stating it was completely untrue. 4. SK Hynix plans to invest 80 trillion won in new NAND production lines by 2029. 5. The UN Secretary-General called on countries to strengthen AI governance. 6. British media: The White House is accelerating its plan to develop AI model standards. 7. Hang Seng Indexes Company, in conjunction with Cyberport, launched a thematic index exploration program to promote AI-driven index innovation. 8. National Grid invests $1.75 billion in a US AI power company. 9. Amazon Web Services will invest $1 billion to establish a new AI division. 10. NariRadar releases new products including the "Ruichen" ultra-refined short-term near-term AI weather model. 11. Xingyun Technology: Hainan Xingyun signed a computing power service agreement worth 5.509 billion yuan. 12. Beijing Yizhuang completed the city's first word-based computing factory, with a daily production capacity exceeding 1.4 trillion word-based units.

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2026-07-02

MOFCOM said at a regular briefing that during Minister Wang Wentao’s UK visit MOFCOM and the UK Department for International Trade held an "Export China" UK session where firms held targeted B2B talks covering autos, energy and chemicals, instruments

2026-07-02

Combined turnover on the Shanghai and Shenzhen exchanges totaled CNY3.4506 trillion on July 2, down CNY209.45 billion from the prior session. Shanghai Turnover was CNY1.5772 trillion (prior CNY1.6985trn), volume 656 mln lots (672 mln); Shenzhen turno