All Updates
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March 24, 2026
Alibaba DAMO Teams Up on RISC-V Push
At the 2026 XuanTie RISC-V Ecosystem Conference in Shanghai on March 24, Alibaba DAMO Academy signed a strategic pact with Beijing Open Source Chip Academy and CAS Institute of Software. DAMO will contribute to next-gen open RISC-V CPU Xiangshan, focusing on SMT, on-chip interconnects, and unified push tech. They aim to build a high-performance RISC-V software ecosystem.
SK Hynix Buys $8B ASML EUV Gear
SK Hynix plans to spend 11.9 trillion won ($7.9 billion) on ASML's cutting-edge extreme ultraviolet lithography tools. This investment deepens its push into next-generation memory production. The move targets surging demand from AI applications.
AI Nanomedicine Firm Wins HK IPO Approval
Metacell Therapeutics, an AI-driven nanomedicine platform founded by MIT scientists and an NAE member, secured regulatory approval for its Hong Kong IPO filing. The company has raised over RMB 2.5 billion from investors like Sequoia and China Life.
HKIC, Gobi, HKU Launch Research Startup Fund
Hong Kong Investment Corporation (HKIC), Gobi Partners, and the University of Hong Kong (HKU) launched Gobi-HKU Fund I to back tech startups from HKU research. The fund made initial investments in Manifold Tech for spatial intelligence in robotics and AilsynBio for AI-driven drug discovery.
Galaxis Robotics Shares Rocket 92% in HK IPO
Galaxis Technology, a warehouse robotics firm founded by a Tsinghua-educated couple, surged over 92% on its Hong Kong Stock Exchange debut. The company achieved a market cap of approximately HK$12.9 billion.
Slow AI Adoption Fuels Tech Layoffs
Chinese tech firms slow on AI like NetEase face layoff rumors while using AI as cost-cutting excuse. AI leaders like ByteDance and Alibaba aggressively hire thousands for AI roles. True AI embrace drives expansion, not reduction.
AI Boosts Scores, Skips Real Learning
OECD report shows genAI raises task scores up to 127% but drops post-removal, risking cognitive effort loss. AI shifts teacher workflows, saving 31% prep time, and embeds in learning environments. Key: Design AI for process, not just output.
AI Glasses Hit iPhone-Like Value Surge
AI glasses are transitioning from a Symbian-like era to an iPhone moment, entering a critical value revaluation phase. The article highlights the market's maturation and growth potential for AI-powered eyewear. This signals explosive opportunities in wearable AI hardware.
A-Share's Priciest Chip: Photonics Boom
Spotlights A-share's most valuable chip, second only to Moutai stock. Describes the 'Cambrian moment' for photonic chips, indicating rapid innovation and market explosion. This underscores photonic tech's rise in high-performance computing.
Lei Jun's County Factory Nails IPO
A small factory from a county town achieves IPO success, backed by Lei Jun's investment. The company operates in the intelligent cockpit domain for vehicles. This validates Xiaomi's bets on auto AI suppliers.
Iran Targets Microsoft AI Infrastructure
Iran threatens Big Tech's AI data centers in Gulf amid US war, targeting Microsoft's facilities in UAE, Bahrain, Israel. Gulf nations invest heavily in AI infra due to cheap power; Microsoft partners with G42. Amazon AWS already hit by drone attacks causing outages.
LeCun's World Model Runs on Single GPU
Yann LeCun's world model now runs efficiently on a single GPU. It delivers exceptionally fast speeds, completing full planning tasks in just 1 second. This marks a significant efficiency breakthrough in AI world modeling.
Blackstone Eyes 2026 China CRE Boom
Blackstone grows AUM to $1.27T with AI data centers nearing $100B valuation. Sees 2026 as prime window for China commercial office investments amid rent rebounds in Asia. Spotlights high-yield Longhu Guangnian complexes in key cities.
China Leads Global AI Food Exploration
Meituan VP Wei Wei states Chinese consumers are pioneering AI use for global cuisine experiences. During 2026 Spring Festival, Meituan/Dianping overseas food pages saw nearly 20% browse growth. AI Ask Xiao Tuan emerges as a key diner-restaurant communication tool amid Black Pearl guide's 18.4% overseas expansion.
Ex-TPU Engineer Reveals Nvidia Challenger
Former Google TPU engineer Henry compares TPU's systolic pipeline architecture to GPU's SIMT for ML matrix ops. TPU Pods use 3D Torus ICI for massive-scale training with superior utilization and TCO in known workloads. Challenges include XLA black-box software, HBM supply limits, and ASIC rigidity.
Ex-Huawei Prodigy Tops Embodied Leaderboard
A former Huawei genius launches embodied AI startup for home robots trained on video-generated data. Their debut model tops the embodied base model leaderboard. Latest version leads Embodied Arena benchmark.
AI-Generated CSAM Surges 14% in 2025
Internet Watch Foundation verified 8,029 realistic AI-generated CSAM images and videos in 2025, a 14% rise from prior year. Videos increased over 260-fold, with 65% in the most extreme category. This highlights escalating AI misuse risks online.
ByteDance Luo Fuli Powers Seedance Pre-training
ByteDance's Luo Fuli is a key figure propping up half of Seedance's success. As pre-training lead, she shaped the model's worldview. This highlights critical talent in model development.
US State Dept Launches AI Threat Bureau
The US State Department has launched the 'Bureau of Emerging Threats' to anticipate and counter weaponization of advanced technologies like AI by adversaries. Key targets include Iran, China, Russia, North Korea, and terror groups. It addresses cyber attacks, space militarization, and similar threats to US security.
Huang: AGI Here, China AI Fastest
NVIDIA CEO Jensen Huang tells Lex Fridman AGI is already achieved, China leads AI evolution via implicit open-source, global programmers will hit 10B, and unveils NVIDIA's trillion-dollar AI factory strategy with extreme co-design.