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Today · 2026-08-01 · Sat

ZHEJIANG: THERE ARE PLANS TO MOVE FORWARD WITH THE PLANNING OF A MAJOR AI PROJECT RESERVE TO ACCELERATE THE CONSTRUCTION OF THE AI INNOVATION DEVELOPMENT HIGHLANDS

On 22 July, according to the Zhejiang daily newspaper, on the afternoon of 22, the Governor of Zhejiang province, Liu Jie, presided over a plenary meeting of the provincial government. Liu Jie pointed out that the economic performance of the province during the first half of the year had been steady, new and successful, and that the “half-time and half-missions” had been successfully achieved, and that the responsibility for the “bringing of the economic province” had been strongly assumed. The provincial government system is to anchor the main objectives of economic and social development for the second half of the year, with a firm commitment to focus, specificity and depth, to further strengthen the incentives expected, to stimulate resilience, to adapt and apply the best practices, and to effectively increase the penetration of the implementation process, and to bring about overall productivity gains in key areas, key links and breakthroughs at key points. Zhejiang should be fully encouraged to develop a comprehensive approach to innovation, establish a sound government-led, market-led, multi-investment mechanism for basic research, improve the quality of science and innovation platforms, deepen the development of a test base for the application of national artificial intelligence, provide a comprehensive mapping of artificial intelligence and related industrial chains, and plan to develop a reserve for major artificial intelligence projects and accelerate the development of artificial intelligence innovation in highlands。

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OpenAI up to $700 billion in projected expenditure on cloud services for $30 billion in data centre construction

On 22 July, the Wall Street Journal reported that OpenAI was expanding its data centre and increasing its expenditure budget in that area. According to sources, OpenAI has increased its calculus expenditure projections to 2030 from about $600 billion earlier this year to about $750 billion. This increase reflects the fact that OpenAI is entering into a new agreement with the cloud computing service provider to quickly acquire the enormous calculus required for the development and operation of its AI model. On Wednesday, OpenAI indicated that $20 billion would be invested to launch the data centre project called “Camellia” in Efinham County, Georgia. The Vice-President of OpenAI Computing Strategy, Sachin Kati, stated that the company had entered into a contract with Georgia for power supply of 3.2 gigawatts between 2028 and 2032 and that the project costs were expected to exceed $30 billion. This could make the facility one of the largest data centres in OpenAI to date. According to sources, OpenAI hired Brent Mayo, one of the main architects of the Mask data centre construction project, to help ensure that the data centre project proceeded as planned。

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Institution: AMD Advancing AI 2026 Congress or Share Price Catalyst MI550X is expected to lead Britain Rubin Ultra

On 22 July, the latest report on widely distributed securities noted that the upcoming AMD conference “Advancing AI 2026” could bring multiple benefits to the company's share price, including the announcement of a new super-large AI client and the launch of a new-generation airframe accelerator, which is expected to further reduce the hardware gap with Ingweida. The analysts expect the conference to showcase the AMD technology road map and believe that AMD is continuing to narrow the hardware gap between Britain and Britain through MI450X, which is expected to lead。

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Reddit, the social platform, is reported to be considering terminating Google access to its platform

On 22 July, according to the Wall Street Journal, the top of the social platform Reddit was considering terminating Google access to its platform under the Alphabet flag, and negotiations were under way between the parties on the renewal of the existing data authorization agreement. In 2024, Reddit signed an agreement with Google, estimated at $60 million per year, to allow Google to access its forum content for AI development. Today, Reddit has shaken this agreement, and at the heart of the problem is the diversion of traffic. Google ' s AI-generated summary box is now available to answer user questions directly on the search page and users need not click to jump to external forums such as Reddit。

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AMD will invest $5 billion in Anthropic with a chip cooperation agreement

AMD and Anthropic have reached an agreement to sign a contract for the purchase of artificial smart servers worth tens of billions of dollars. The deal will consolidate AMD's competitive advantage in catching up with the industry's champion, Britain, while providing the much-needed computing resources for Anthropic. According to the terms of the agreement, from the first half of 2027, Anthropic could purchase a new generation of AMD instinc MI450 chips of up to 2 Giva. AMD will also invest up to $5 billion in Anthropic, the first AMD to fund the AI enterprise, and the investment will be linked to the agreed calculator deployment target. AMD CEO Susef said, “We very much want to be deeply involved in the construction of its computing infrastructure.” She also revealed that the engineering teams of both parties have been working together for some time. Anthropic currently uses multi-manufacturing chips to carry computing power, including Google Scale Processor (TPU), Amazon Trainium Chip and British Graphic Processor (GPU). According to Susef, under this cooperative arrangement, Anthropic will, on the one hand, deploy the AMD chip to its own data centre, and, on the other hand, lease part of the computing resources through the large cloud manufacturer and AI New Cloud Service. AMD is currently co-located with Anthropic to plan the data centre for the deployment of this chip。

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100 degrees of double major listings are moving fast, and the Port Unit Adjustment Window in September is under attention

On 22 July, the Group announced that the Hong Kong Joint Exchange had confirmed receipt of its application for voluntary conversion to Hong Kong ' s main listing. Previously, on 16 June, the Company Board of Directors announced that it had authorized management to move forward with the voluntary conversion of the main board of Hong Kong Union into a major listing, which was expected to take effect by the end of the year. Marketers analysed that 100% of the voluntary conversions announced just last week have advanced to Hong Kong’s main market, and that this week has been confirmed this week, showing that the process is moving fast; Jeffreyes sees 100% voluntary conversions as a positive sign and may have an opportunity to be incorporated into Hong Kong’s stock exchange in September. According to the Deputy Director of the Centre for Research on Strategic and Emerging Industries at the University of Tsinghua, the 100-degree valuation currently given by the market is still based on traditional search advertising models and clearly underpricing AI operations. With the integration of port stock, the 100-degree Quinton core, radish run, smart clouds, etc. can be more fully priced and the stock price performance and market value of the anti-nursing company repaired。

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Agency: 56 per cent increase in AI capital expenditure from $497 billion in 2026

On 22 July, according to the research company IDC, the AI infrastructure expenditure in the first quarter of 2026 amounted to $89.7 billion, and the hang-up GPU server based on the Arm structure replaced x86 processors as the mainstream accelerated computing platform. IDC also revised the AI infrastructure expenditure forecast upwards to $497.0 billion for the full year of 2026, an increase of nearly 56 per cent over the same period, largely as a result of capital expenditure growth by super-large cloud service providers and the emerging non-GPU-type AI demand. The global AI infrastructure market will reach $1 trillion in 2029 to reach $1.08 trillion and climb to $1.21 trillion in 2030, with a five-year complex annual growth rate (CAGR) of about 30 per cent from 2025。

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Economic daily: a steady-market combination to boost confidence in capital market development

ON 22 JULY, THE DAILY ECONOMIC NEWSPAPER WROTE THAT, IN RECENT TIMES, MARKET SHOCKS HAD INTENSIFIED, TECHNOLOGY PLATES HAD BEEN REORIENTED IN STAGES AND SOME INVESTORS HAD EXPRESSED DOUBTS ABOUT THE LONG-TERM DYNAMICS OF THE MARKET. IN THE FACE OF MARKET FLUCTUATIONS, THE CVM HELD TWO CONSECUTIVE SEMINARS TO SEND A TIMELY SIGNAL OF STEADY EXPECTATIONS. ON 20 JULY, THE PROPOSALS WERE HEARD MAINLY FROM INVESTORS; ON 21 JULY, THE PROPOSALS WERE HEARD FROM LISTED COMPANIES, INDUSTRY BODIES AND EXPERT SCHOLARS. REVIEWING THE KEY ADJUSTMENT NODES OF UNIT A, THE REGULATORY PANEL WAS AN IMPORTANT INITIATIVE TO STABILIZE MARKET EXPECTATIONS AND MITIGATE MARKET RISKS. THESE TWO DAYS OF SEMINARS HAVE ALSO RELEASED THE FIRM DETERMINATION OF A STABLE REGULATORY MARKET. FOR REASONS OF THE CURRENT ROUND OF MARKET REVERSALS, IT IS GENERALLY ACCEPTED THAT THE MARKET IS MAINLY A RESULT OF STRUCTURAL ADJUSTMENTS CAUSED BY EXTERNAL EMOTIONAL DISTURBANCES, RATHER THAN A REVERSAL OF ECONOMIC FUNDAMENTALS OR INDUSTRIAL TRENDS, AND THAT THE MEDIUM- AND LONG-TERM POSITIVE PATTERN OF A SHARES IS STILL SUPPORTED. IN THE CONTEXT OF THE POLICY ENVIRONMENT, THE COUNTRY'S ECONOMY IS NOW CHARACTERIZED BY AN OVERALL SMOOTH AND NEW-FOR-OPPORTUNITY DEVELOPMENT, A PROFOUND CHANGE IN THE OVERALL ECOLOGY OF CAPITAL MARKETS SINCE THE PROMULGATION OF THE NEW “ARTICLE 9”, THE CONTINUED RELEASE OF THE EFFECTS OF COMPREHENSIVE REFORM OF INVESTMENT FINANCING, THE EFFECTIVE UPGRADING OF THE QUALITY AND VALUE OF INVESTMENTS OF LISTED COMPANIES AND A SOLID FOUNDATION FOR THE SOUND FUNCTIONING OF MARKETS. IN TERMS OF FINANCIAL MOVEMENTS, VARIOUS OPERATORS ARE INCREASING THEIR DEPLOYMENTS WITH A “GOLD AND SILVER” REVERSAL, WITH A SOLID MARKET “PORTFOLIO” AND A CO-ORDINATED MARKET TO CONVEY FIRM CONFIDENCE IN THE DEVELOPMENT PROSPECTS OF CAPITAL MARKETS. INTENSIVE BUY-BACKS AND INCREASES IN RECENT DAYS WILL BETTER PRESERVE CORPORATE VALUES AND THE INTERESTS OF ALL SHAREHOLDERS. COMPARED WITH SHORT-TERM FLUCTUATIONS, THE FIRM PERFORMANCE OF LISTED COMPANIES IS AN IMPORTANT MEASURE OF VALUE AND ONE OF THE ANSWERS TO MARKET MISGIVINGS. FROM PROFIT DATA, AS AT 19 JULY, NET PROFITS TOTALLED APPROXIMATELY $23,736 MILLION, AN INCREASE OF 147 PER CENT OVER THE PREVIOUS YEAR, IN THE AVERAGE OF THE AVERAGE OF THE UPPER AND LOWER LEVELS OF NET PROFITS FOR WHICH THE DEEP MARKET HAD DISCLOSED PERFORMANCE FORECASTS FOR 900 COMPANIES。

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Ministry of Foreign Affairs of Pakistan: Condemnation of the Houthi armed threat to regional security

On 22 July, the Ministry of Foreign Affairs of Pakistan issued a statement on 22 July condemning the “continuing threat” posed by Yemeni Al-Houthi forces to Saudi Arabia and merchant ships passing through the Red Sea. The statement stated that any hostile action or violation of the maritime interests of Pakistan against ships flying the Pakistani flag would be considered a serious threat to the national security and sovereign interests of Pakistan. It reserves the right to take all necessary measures to defend itself, in accordance with the Charter of the United Nations and international law. Pakistan is deeply concerned about the attempts to involve Saudi Arabia in the war in the Middle East and strongly supports Saudi security, sovereignty and territorial integrity. Pakistan insists on de-escalating the situation in the region through dialogue and diplomacy and calls on all warring parties in the Middle East to respect international law and to ensure the safety of international shipping。

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Quite sophisticated: The light module was indeed stolen but the impact on performance was not disclosed at the level of disclosure

On 22 July, in response to a recent rumour that the light module of a sophisticated offshore warehouse in Toyama had been stolen, today, as an investor, a call was made to the Ministry of Precise Securities, stating that the matter did take place, but that the amount claimed was not as much as tens of millions of dollars on the Internet, which was calculated at a sales price, but that the impact on company profits was in fact less significant and did not meet the disclosure criteria。

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