Z.ai raises $5bn in Hong Kong including $3bn of zero-interest bonds
Z.ai raises $5bn in Hong Kong including $3bn of zero-interest bonds

Z.ai, the Chinese model developer listed in Hong Kong as Zhipu, has raised about $5bn in a single move. Roughly $2bn came from placing 21.97 million new shares at HK$714, about 10 percent below the previous close. The other $3bn came from RMB 20.14bn o…

Obama warns AI in private hands could be dangerous and urges Democrats to act
Obama warns AI in private hands could be dangerous and urges Democrats to act

Barack Obama told a closed Democratic fundraiser last Thursday that artificial intelligence is “moving very fast in private hands, and if we don’t get on top of it, I think it can be dangerous”.  The New York Times obtained a partial transcript from hi…

Sam Altman rules out an OpenAI listing in 2026 and gives safety as the reason
Sam Altman rules out an OpenAI listing in 2026 and gives safety as the reason

OpenAI will not go public this year, and Sam Altman says the reason is safety. “I would say not 2026,” he told Fortune in an interview at the company’s San Francisco headquarters on Friday. “Given everything happening with safety, right now would be an…

Trump’s former AI czar tells Anthropic and OpenAI to slow down, and to stop asking for anything in return
Trump’s former AI czar tells Anthropic and OpenAI to slow down, and to stop asking for anything in return

David Sacks told Anthropic and OpenAI to go ahead and pace the frontier but to stop seeking an antitrust waiver or an approval regime, arguing that product liability and market pressure already discipline them. Europe reached the same conclusion about …

Bernie Sanders proposes 20 year prison sentence for AI devs who plow ahead with Artificial Superintelligence plans — penalty on par with illegally developing rogue nuclear weapons
Bernie Sanders proposes 20 year prison sentence for AI devs who plow ahead with Artificial Superintelligence plans — penalty on par with illegally developing rogue nuclear weapons

Senators Bernie Sanders and Greg Cezar have announced their Ban Artificial Superintelligence Act which threatens 20-year prison sentences for rule breakers.

Xi pitches open-source AI to BRICS as Beijing weighs curbs on its own models
Xi pitches open-source AI to BRICS as Beijing weighs curbs on its own models

Xi Jinping used the BRICS summit to propose a China-led community for open-source AI and to invite members into the World AI Cooperation Organization, a Beijing-founded body of 29 countries with no EU state among them. Europe drew its line in the AI Ac…

China’s data regulator plans standards for embodied AI, ten days after industry asked
China’s data regulator plans standards for embodied AI, ten days after industry asked

China’s National Data Administration said it will develop standards for embodied AI data and guide local authorities on the work, ten days after seven companies asked it for exactly that. Europe regulates who may reach the data a machine generates but …

Sam Altman backs Dario Amodei’s call to slow down, and says OpenAI will do the same
Sam Altman backs Dario Amodei’s call to slow down, and says OpenAI will do the same

Sam Altman says OpenAI will match Anthropic’s commitment to give independent evaluators employee-like access, a day after Dario Amodei asked the industry to slow down and asked Washington for a narrow antitrust waiver so competitors could coordinate. E…