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U.S. pre-market trading sees broad declines in storage chip stocks, with Western Digital and Micron leading losses. Major index futures also fell, Nasdaq 100 futures dropping 1.8%. Analysis explores the link between chip sector weakness and broader market pressure.
Read MoreAt the 2026 World AI Conference, China's cyberspace authority proposed a global cooperation initiative for trustworthy and interoperable AI agents, aiming to build an open, secure, and inclusive ecosystem through international collaboration.
Read MoreOn the evening of July 17, US stock futures experienced a sharp decline during Asian trading hours. Nasdaq 100 futures fell by 2%, indicating pressure on tech stocks, while S&P 500 futures dropped 1%, reflecting heightened market caution. The moves suggest investor concerns over economic data and corporate earnings.
Read MoreBy 2030, emerging ‘neocloud’ providers focused on AI are forecasted to capture 20% of the AI cloud market, worth $267 billion. Their advantage lies in superior performance for AI workloads, strong data sovereignty commitment, and competitive pricing, shifting enterprise priorities towards specialization, sovereignty, and infrastructure control.
Read MoreUN Secretary-General António Guterres, speaking at the World AI Conference in Shanghai, stressed that AI must benefit all humanity, including the Global South. He called for inclusive global governance and voiced support for China's related initiative, highlighting multilateral cooperation as essential for steering AI ethically.
Read MoreAt the 2026 World AI Conference, Wang He, founder of Galaxy General Robot, predicted that embodied AI foundational models could achieve 70%-80% success on unseen tasks through massive data training. He believes the field may reach its "ChatGPT moment" by the end of 2028.
Read MoreChina firmly denies US allegations of election interference, calling them groundless smears. A foreign ministry spokesperson reiterated China's non-interference policy and urged the US to reflect on its own actions rather than making baseless accusations against China.
Read MoreOn July 16, 29 countries signed an agreement in Shanghai to establish the World Artificial Intelligence Cooperation Organization. China's foreign ministry pledged to work with founding members to accelerate its operational launch, signaling a new phase in global AI governance.
Read MoreAlibaba's Tongyi Lab has launched Wan-Streamer v0.2, featuring a native streaming architecture that enables simultaneous understanding and generation within a single interaction loop. With end-to-end latency as low as 0.55 seconds, this model significantly advances real-time AI communication toward human-like fluidity.
Read MoreIran's Revolutionary Guards claim a retaliatory missile and drone strike on a US base in Jordan, destroying and damaging multiple US fighter jets and refueling tankers. The attack followed alleged US strikes on civilian infrastructure in southern Iran, marking a sharp escalation in tensions.
Read MoreOn July 17, U.S. memory chip stocks continued their decline in pre-market trading. SK Hynix's ADR fell over 3% to $147.5, well below its $149 IPO price, signaling an almost certain break at the opening bell.
Read MoreRobinhood Chain's Launchpad witnessed an explosive surge, with over 42,000 new tokens launched in just 24 hours. This massive activity highlights booming developer engagement and market momentum, sparking discussions on the chain's innovation potential and associated risks.
Read MoreAs Samsung and SK Hynix stocks tumbled, South Korean retail investors aggressively bought leveraged ETFs, betting on a rebound. Individuals poured nearly 5.9 trillion won into these funds over a month, while institutions sold off. This divergence highlights contrasting strategies amid semiconductor market volatility.
Read MoreThe full text of the CLARITY Act is expected to be released Thursday following a meeting with former President Trump. However, Senate Democrats have stated their opposition, casting doubt on the bill's future prospects in Congress and highlighting political divisions.
Read MoreSpot silver plunged below $55 per ounce on July 17, marking its lowest level in nearly 8 months since late November. The 0.91% intraday drop signals potential weakening market sentiment, prompting analysis of underlying economic drivers.
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