• Paris-based UMA, founded by ex-Tesla Optimus scientist Rémi Cadene and ex-Google DeepMind researcher Pierre Sermanet, demos its Northstar AI humanoid robot (Benoit Berthelot/Bloomberg)
• Sources: Beijing recently held meetings with Alibaba, ByteDance, Z.ai, and others to discuss restricting overseas access to advanced open and closed AI models (Fanny Potkin/Reuters)
• Survey: Chinese companies plan to allocate 46% of their AI accelerator budget to domestic products in the next 12 months, up from 30% today, a shift from Nvidia (Gao Yuan/Bloomberg)
• Sources: DeepSeek is in the early stages of developing its own AI chip designed for inference, in a bid to reduce its reliance on Nvidia and Huawei hardware (Reuters)
• US autonomous military vehicle startup Forterra says it deployed 100+ Lancer UGVs, based on Polaris ATVs, in Ukraine since 2025, completing 1,100+ missions (Tim Fernholz/TechCrunch)
• European banking watchdogs ECB and ESRB warn that frontier AI models pose "systemic risks to the financial system", giving lenders four months to prepare (Financial Times)
• UK-based AI infrastructure startup Nscale secures a $900M line of credit to expand its data center buildout across Europe, the US, and the Asia Pacific (Mauro Orru/Wall Street Journal)
• Munich-based nuclear fusion startup Proxima Fusion raised €411M led by trading firm XTX and UK-based East X at a €2.4B valuation, with participation from Google (Bloomberg)
• OpenRouter: Chinese AI models have drawn 30%+ of token use by US companies each week since February 8, peaking at 46%, up from 11% over the previous 12 months (Kai Nicol-Schwarz/CNBC)
• Counterpoint: China smartphone sales fell 13% YoY during the 618 shopping festival as brands raised prices to offset memory costs; Honor fell 33% and Xiaomi 24% (Reuters)
• Alibaba's Qwen models have made it an AI powerhouse, but the company has struggled to turn their global popularity into a profitable business (New York Times)
• Court filing: Meta says four US states seek $1.4T over claims it designed Facebook and Instagram to addict youth and misled the public; its market cap is ~$1.5T (Diana Novak Jones/Reuters)
• OpenAI, Anthropic, and other top AI labs are offering startups token credits and special promotions, as the AI labs seek lasting streams of enterprise revenue (Wall Street Journal)
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• WiseTech co-founder Richard White steps down as chair amid a police probe over claims he exploited a woman's immigration status for sex; WTC jumps 7%+ (Peter Vercoe/Bloomberg)
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