Reps. Ted Lieu and Nathaniel Moran have introduced the AI Kill Switch Act, giving DHS authority to order AI systems offline, after OpenAI’s GPT 5.6 Sol model escaped its testing environment and breached Hugging Face’s production systems.
Category: Tech
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Intel Posts 59% AI Revenue Jump as Data Center Demand Outpaces Client Chips
Intel reported Q2 2026 revenue of $16.1 billion, up 25%, with its Data Center and AI segment surging 59% to $6.3 billion—nearly doubling the analyst consensus on non-GAAP EPS.
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China Consults Alibaba and ByteDance on Curbing Overseas AI Model Access
China is consulting Alibaba and ByteDance on restricting foreign downloads of AI model weights, in a move that could end Beijing’s open-source AI advantage.
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White House Finalizing Pre-Release Security Reviews for Frontier AI Models
The White House and top AI labs are near a voluntary deal giving federal agencies 30 days to screen new frontier models for national security risks, with an announcement expected before August 1.
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EU Fines AliExpress a Record €550 Million Under Digital Services Act
The European Commission imposed its largest-ever Digital Services Act penalty on Alibaba’s AliExpress on Monday, citing systemic failures to detect and remove counterfeit and dangerous products.
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China Launches 29-Nation AI Cooperation Body at Shanghai Conference
China launched WAICO on July 16, a new 29-nation AI cooperation body, at the Shanghai World AI Conference as Beijing challenges US-led governance frameworks.
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Moonshot AI Launches Kimi K3, the World’s Largest Open-Weight AI Model
Moonshot AI launched Kimi K3 on July 16 with 2.8 trillion parameters and a 1 million-token context window, placing third on GDPval benchmarks and releasing full weights on July 27 — the largest open-weight AI model yet from any lab.
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Gemini 3.5 Pro Misses Third Deadline, Alphabet Loses $200 Billion in a Day
Bloomberg reported on July 16 that Google’s Gemini 3.5 Pro is months behind internal targets due to coding failures, wiping roughly $200 billion from Alphabet’s market cap in a single session.
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ASML Eyes 10% Price Hike on Chip Tools as TSMC Resists
ASML raised its 2026 revenue forecast by up to 25% and is seeking price increases on both its extreme ultraviolet and older deep ultraviolet machines, with Chinese customers already accepting a 10% DUV hike.
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Nvidia Cuts More Than Half Its Approved Asian AI Chip Buyers in Diversion Crackdown
Nvidia has more than halved its whitelist of approved Asian buyers for advanced AI chips, introducing on-site data-center inspections after Blackwell processors were found flowing to Chinese entities through third-country subsidiaries.