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The Zurich-based robotics startup Enact Intelligence announced the completion of a $30 million Pre-seed funding round, with investors including Redalpine, Notion Capital, and Firstminute Capital. This is the largest Pre-seed funding round in Switzerland's history. Yann LeCun and Mistral co-founder Arthur Mensch also participated in the support.The company was co-founded by former employees of 1X and Physical Intelligence, aiming to address one of the biggest bottlenecks in the robotics field.

On October 21, Intel announced that construction workers have installed the first major structural truss at the new chip factory in New Albany, Ohio, marking the start of the next phase of construction. Naga Chandrasekaran, head of Intel's foundry, stated on the company's website that this is another step towards expanding advanced semiconductor manufacturing capacity in the United States.The factory was originally scheduled to begin chip production in 2025, but Intel has now postponed the completion target to 2030. The second Ohio wafer fab at the same site is planned to be completed by 2031, located northeast of Columbus. The delay is related to a recalibration of the foundry business under CEO Lip-Bu Tan. After taking over in 2025, Tan adopted a more cautious strategy, preferring to advance large-scale factory construction only after customer demand is clear. The project was initially driven by former CEO Pat Gelsinger, aimed at providing foundry services for external customers.As of the end of 2025, Intel has been mass-producing the most advanced 18A chips at its Arizona wafer fab, primarily for its own processors, and has not yet secured large external customers. Chandrasekaran also announced on the same day that operations for the next wafer fab in Arizona are expected to begin by the end of 2028, with construction and equipment installation currently underway. In September 2025, reports indicated that SK Hynix might be in talks with Intel to lease part of the foundry space at the Ohio plant for producing memory chips, but neither party has confirmed any plans.

Meta Platforms CEO Mark Zuckerberg stated that the company will adjust the investment pace in the virtual reality sector and shift its focus to artificial intelligence.

Oracle announced the launch of Oracle AI Agent Studio for Industry Applications, a low-code and no-code AI agent development platform aimed at industry business processes, supporting the creation, testing, orchestration, deployment, and management of agents.This platform is based on the existing Oracle AI Agent Studio for Fusion Applications, allowing customers and partners to build and customize AI agents using existing application data, tools, and business processes, and embed them into daily workflows to reduce manual operations and enhance productivity.

The General Office of the Central Committee of the Communist Party of China and the General Office of the State Council issued opinions to comprehensively implement the "Artificial Intelligence +" action, promoting the all-round empowerment of various industries by artificial intelligence. The opinions emphasize the deep integration of technological innovation and industrial innovation, promote the intelligent and green development of the manufacturing industry, and accelerate the promotion and application of agricultural scientific and technological achievements.

According to Jiemian News, the autonomous driving technology company Neolix has officially completed a new round of financing of nearly $400 million. So far, Neolix's total financing amount has exceeded 10 billion yuan, making it the leader in the unmanned delivery vehicle industry in terms of financing scale.Insiders in the investment circle revealed that Boyu Capital and the National Artificial Intelligence Industry Investment Fund are the lead investors in this round of financing. Alibaba AEF NextGen Hong Kong Fund, Monolith Lisi Capital, Vertex Growth under Temasek, and GAC Capital participated in the investment, while existing shareholders such as UAE Stone Venture, Xincheng Capital, SoftBank Asia, Yizhuang Guotou, and Gao Rong Venture Capital continued to increase their holdings.The National Artificial Intelligence Industry Investment Fund was established with contributions from the National Big Fund Phase III. Previously, its investment focus was concentrated on AI and computing power chips, high-bandwidth memory chips (HBM), large model algorithms, embodied intelligent robots, AI security, and other fields. It has invested in leading companies in key areas of artificial intelligence such as Kimi, DeepSeek (general large model), Muxi (AI computing power chip), Galaxy General (embodied intelligence), and Changting Technology (AI security).

On October 20, the on-chain intelligence platform Arkham announced the launch of Arkham Enterprise, positioned as a high-level analytical platform for professional workflows, with uses including asset tracking, risk scoring, case management, and transaction research. Arkham stated that the platform relies on the world's best tagging set, containing 3.9 billion attribution records, covering $18 trillion in on-chain transaction volume. On the same day, the company adjusted the features of the free platform and launched Enterprise Grants.The data update frequency for both the free and Enterprise platforms has been upgraded in sync. Previously, a large amount of data and tags were updated once a day; after the underlying infrastructure was rebuilt, transactions, new tags, and address balances have been changed to real-time updates, with new transactions appearing without needing to refresh the page. Most alerts supporting on-chain have reduced latency by about 80%, and the database load will also decrease. Tracer 2.0 has been rebuilt for professional on-chain investigations, allowing users to pull counterparties into a network graph from any address and track funds hop by hop; with the addition of bridge support, funds can be followed across supported chains in the same tracking. Visualizer 2.0 presents incoming and outgoing transactions, counterparties, and tokens in real-time through an interactive graph after pasting an address or entity.Enterprise also offers case management and risk scoring. The former allows investigation findings to be grouped by case and form structured records; the latter assesses the risk of addresses and entities based on Arkham attribution data, with indicators covering sanction exposure, mixer exposure, sources of funds, and the number of transaction hops between addresses and marked sources. The adjustments to the free version effective that day include: Tracer 2.0, transaction filtering, complete transaction history, creation of custom tags and entities, and the counterparty section of the browser page is only available to Enterprise users. Free users can view the most recent 100 transactions and retain and edit existing custom tags and entities; the free platform still includes all Arkham tags, Visualizer 2.0, prediction markets, block explorers, and tagging features. Enterprise Grants provide free access to Enterprise for select independent investigators, researchers, and public interest organizations.

According to the Science and Technology Innovation Board Daily, during the sixth RISC-V China Summit, ZTE Microelectronics' subsidiary, Lirui Micro, unveiled the high-performance RISC-V CPU chip, Mount Everest 200, designed for intelligent computing centers. Lirui Micro stated that Mount Everest 200 is the industry's first RISC-V CPU chip aimed at intelligent computing center scenarios, with detailed product specifications to be officially released by the end of this year.Mount Everest 200 focuses on three major scenarios: Agent clusters, inference super-node Hosts, and enterprise-level intelligent computing hybrid inference. It natively supports RISC-V AI instruction acceleration and is optimized for KV Cache and long-context large model inference. This chip integrates various acceleration engines, including Matrix, Vector, compression, and encryption, supports high-speed interconnect interfaces such as DDR5, PCIe, and CXL, and can adapt to RISC-V native AI and GPU acceleration card MoE large model hybrid inference solutions.

During the opening ceremony of the 2026 Financial Street Forum Annual Conference, the Governor of the People's Bank of China, Pan Gongsheng, stated that the rapid development of artificial intelligence globally has a profound impact on productivity, investment, employment, income distribution, and financial stability.Pan Gongsheng mentioned that from the perspective of the People's Bank, they will closely monitor and assess the macroeconomic impacts of artificial intelligence development, ensure financial support for the development of the artificial intelligence industry, and steadily promote the application of artificial intelligence in the financial sector.

StepFun, an AI startup invested by Tencent, has released the STEPX Neo phone, which features an AI intelligent agent directly built into the operating system rather than as an external application. The phone began pre-sales on the evening of October 13, priced at 3999 yuan (approximately 560 USD), with its official sale starting on October 16. Pre-sale channels include JD.com, Tmall, and Douyin. Users do not need to open a ride-hailing app to input addresses and select vehicles; they simply need to inform the destination, and the intelligent agent can autonomously complete the subsequent steps. StepFun stated at the launch event that in the era of intelligent agents, AI is no longer an additional feature of smartphones but is the product itself.The device runs on the Step AOS 1 system, which the company claims is designed from the ground up for intelligent agents, featuring long-term memory, task scheduling, and security control capabilities, composed of a mix of Android, Linux, and real-time operating system components. The system uses the MCP protocol to break down functions such as messages, applications, files, and settings into small modules that can be directly called by the intelligent agent, giving users two entry points: a traditional application grid and an intelligent agent space. The intelligent agent is named Amoo, which saves two types of memory: user factual preferences and task execution experiences. Simple commands are processed by a small model on the device, some of which can run offline, while complex cross-application requests are handled by a large model in the cloud. A second MiniLED screen on the back of the device can display Amoo's execution status.Nearly 100 companies and products, including Alipay, Tencent, Trip.com, Didi, and Meituan, have integrated with Amoo. Payments, travel bookings, and content creation are still completed by their respective platforms. This is an alternative path for StepFun in response to the major application blockages faced by ByteDance's Doubao, which previously used screen reading and simulated clicking solutions. StepFun was founded in 2023 by former Microsoft Vice President Jiang Daxin. Its self-developed flagship large model, Step 5 Preview, was launched in September, with a parameter scale of 600 billion and a single activation of 27 billion, supporting a context of 1 million tokens; the earlier released Step 3.5 Flash was open-sourced under the Apache 2 license. The price of 3999 yuan includes a 12-month STEPX Token plan, providing 100 billion tokens per month, while the AI costs after the first year have not yet been announced.

Elon Musk stated that the only way to solve the U.S. national debt issue is to rely on artificial intelligence and robots. He acknowledged that the government efficiency reforms he once led did not achieve the expected results, and in the future, he may attempt to address this issue again with the help of artificial intelligence.Musk also pointed out that there is no willingness to cut spending from the president, the House of Representatives, the Senate, or the judicial branch.

According to Bloomberg on October 16, China proposed to include advanced artificial intelligence technology in the export control list, which may restrict the overseas transfer of AI models and chips in order to implement stricter controls on domestic progress in this strategic field.The draft covers 23 AI technologies, including large language models, intelligent agents, chip design, and computing power clusters. Restricted technologies include model weights and source code for products exceeding specific performance thresholds, with relevant policy texts available on the public page of the Ministry of Commerce of China.

Federal Reserve Chair Waller stated that the Federal Reserve's Productivity and Employment Special Working Group will hold a field hearing on November 16 in the San Francisco Bay Area, focusing on topics such as the impact of artificial intelligence on the economy. Waller announced this arrangement during the IMF annual meeting in Bangkok and mentioned that the special working group will conduct an in-depth study of the effects of artificial intelligence on economic activity and the labor market.In June of this year, Waller established five special working groups composed of external experts to study key areas in monetary policy formulation. He previously indicated that these working groups are expected to submit policy recommendations to the Federal Reserve by the end of this year. Waller did not comment on monetary policy or the outlook for the U.S. economy this time.

Federal Reserve Chairman Waller stated that artificial intelligence will make the economy more productive and create more wealth, but the road to this goal will be full of twists and turns.

Federal Reserve Chairman Waller stated that artificial intelligence will impact the economy on the demand side before affecting the supply side.

The intellectual property tokenization platform IPX announced the completion of a $4 million seed round financing, with a valuation of $125 million. This round was led by Bitsurge Holdings, with participation from YICIPX Holdings Family Office and a group of strategic investors. The company is headquartered in Miami, Florida, and the founder and CEO is Brendan McCafferty.IPX's products are built on Base and include an intellectual property agent operating system, a tokenization issuance platform, and IPX Exchange, allowing creators to complete tokenization, advertising, monetization, and distribution within the same system. The company claims that over 100 celebrities have signed exclusive tokenization agreements, covering both existing and new film and television projects in Hollywood, first-tier athlete video games, and YouTube creator membership tokens.The company plans to launch IPXOS, IPX Exchange, and the native token IPX on November 15, 2026, stating that this financing marks the beginning of a series of updates leading up to that launch date, with news on technology, partners, and the first original projects to be released almost weekly thereafter. Brendan McCafferty stated: Creators retain ownership, fans provide funding and share profits, and IPX connects traditional finance with tokenization channels without taking ownership away from creators.

NVIDIA's CEO Jensen Huang told CNBC that the company must collaborate with Chinese artificial intelligence companies to monitor related risks. In a media briefing in London on Wednesday evening, he stated that both parties should work together to safely advance technological development. Huang mentioned that artificial intelligence poses potential dangers and indicated that he maintains ongoing dialogue with many researchers in China.Huang believes that the way to collaborate with Chinese artificial intelligence companies is through dialogue and emphasized the need to strengthen this dialogue. He stated that the United States should do this and also advocated for the United Kingdom to take the same approach. The page noted that OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei advocate for increased regulation, while Huang has become a prominent voice opposing this stance. In recent months, researchers from laboratories including OpenAI and Anthropic have called for a slowdown in technological development and warned of risks to human survival.The page also mentioned that U.S. Treasury Secretary Scott Bessent discussed U.S.-China artificial intelligence dialogue with Chinese counterpart He Lifeng in September, covering communication channels for events up to the national security level. The Chinese side reported that Xi Jinping pointed out that there may be competition between China and the U.S. in artificial intelligence, but the space for cooperation may be larger, and both sides can continue to exchange views on risks and benefits to jointly prevent abuse. Huang stated that the UK, with its intellectual capital, is well-positioned to become the convener of relevant dialogue. The related market data showed that NVIDIA's stock price fell by $3.95, a decrease of 1.78%.

Adobe and NVIDIA expand cooperation to accelerate intelligent creation.

A spokesperson for the Federal Trade Commission (FTC) stated that the Trump Artificial Intelligence Task Force will hold a meeting on Thursday.