#AI

Nvidia’s market cap has reached $3.77 trillion, making it the world’s most valuable company. Loop Capital analyst Ananda Baruah forecasts a $6 trillion market cap, setting a $250 per share price target, driven by the “golden wave” of AI adoption. He projects $2 trillion in spending on AI by 2028, with hyperscale cloud providers shifting to non-CPU computing (50-60% by year-end) and the upcoming Blackwell chip production fueling further growth.

Nvidia briefly surpassed Microsoft as the world’s most valuable company, fueled by a surge in its stock price driven by strong AI demand and a Loop Capital price target increase. Tesla’s AI efforts, including its robotaxi project and Optimus humanoid robot, contributed to its stock gains. While promising, analysts urge caution regarding Tesla’s long-term AI ventures, particularly Optimus, due to uncertainties surrounding its production and market competition.

Unscrupulous vendors are exploiting anxiety surrounding college applications by repackaging free AI-generated reports from Quake as premium services. These vendors charge hundreds of dollars for reports that Quake offers free of charge. Quake’s AI, which provides comprehensive college application guidance, has seen over 3 million reports generated, leading to long wait times due to high demand. The report generation utilizes a large language model with search, report generation, and recommendation capabilities, simulating college counselor insights.

Rokid and Lens Technology have launched the Rokid Glasses, an AI-powered AR device, marking a shift towards commercialized AI-integrated AR. The glasses, with over 250,000 pre-orders, are the first mass-produced consumer AI+AR glasses. This partnership combines Rokid’s software and hardware expertise with Lens Technology’s manufacturing capabilities, creating a lightweight, feature-rich device. The collaboration fuels an ecosystem supporting AR applications and aims at leading the growing AR market.

China’s “500 Richest” list reveals a thriving economic landscape driven by technology and consumer trends. ByteDance’s Zhang Yiming leads, while others like Pony Ma (Guangdong) and Zhong Shanshan (Zhejiang) also rank high. Collective wealth increased 11% to 13.7 trillion yuan, with average net worth at 27.38 billion. The TMT sector, especially AI and semiconductors, dominates the list, showcasing significant growth and influencing the wealth of many entrepreneurs.

Foxconn Chairman Branden Cheng predicts AI will revolutionize not only industries like autonomous driving and cosmetics, but also everyday experiences. He believes AI will enhance the taste of Moutai and improve the effectiveness of cosmetics via increased precision, by replicating artisan techniques. Cheng sees AI as a tireless tool to improve efficiency and iteration in various tasks, replacing human labor in repetitive or inefficient processes.

ByteDance terminated two former employees involved in its Doubao large language model team for violating conflict of interest policies. A Seed team employee and their supporting HRBP failed to disclose their close relationship and made false statements during an investigation. The company dismissed both employees, withheld bonuses, and highlighted its commitment to ethical standards amid rapid AI growth. This follows a broader crackdown on internal misconduct at ByteDance.

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At the AGI Playground 2025, Luo Yonghao hinted at a new product launch after years of R&D under his company, Thin Red Line. Initially focused on AR glasses (found commercially unviable), the company pivoted to an AI-powered hardware/software solution, delayed by setbacks. However, a pure software solution is expected to launch within three months. Luo remained tight-lipped on specifics, likely due to past experiences with premature announcements.

JD.com, the only Chinese retailer, impressively climbed to #22 in Gartner’s Supply Chain Top 25, a testament to its advanced supply chain. This success is driven by substantial investments in technology, including its AI model for forecasting and extensive automation, within its over 40 smart warehouses. Its focus on AI-powered robotics and autonomous vehicles has optimized operations, leading to a rapid inventory turnover rate.