Deals confirmed
Zhipu AI prices ~$4B HK share placement at HK$1,588

Zhipu AI (2513.HK, GLM models) priced an accelerated bookbuild of ~19.8M new H-shares at HK$1,588 — a 7–13% discount to the July 8 close of HK$1,825 — raising approximately $4B for R&D, expansion and potential acquisitions.

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News confirmed
Commission presents Action Plan on Cybersecurity and AI (7 July)

The Commission adopted the Action Plan on Cybersecurity and Artificial Intelligence (COM(2026) 577 final; press release IP/26/1544): strengthen EU capacity to evaluate advanced AI models before market placement (per the AI Act), an ENISA "E

2 sources548 words
News confirmed
Commission proposes Cloud and AI Development Act (2 July)

The Commission proposed the Cloud and AI Development Act (CADA, COM(2026) 502 final; 2026/0138(COD)) under the AI Continent Action Plan: tripling EU data-centre capacity in 5–7 years, simplified permitting for qualifying projects, secure EU

2 sources483 words
News confirmed
DeepSeek developing in-house AI chip (Reuters)

DeepSeek is building its own AI accelerator to reduce dependence on Nvidia/Huawei hardware; US chip names (Intel, Nvidia, AMD, Micron, Sandisk) fell up to 14% on the report.

1 sources332 words NvidiaNVIDIAAMD