Curbs

• Nvidia, Microsoft, Meta, and 22 other tech firms are opposing early government restrictions on open-weight AI models to protect competition and innovation. • The companies argue that limiting open-weight access would stifle development and hinder the ability of smaller players to compete in the AI landscape. • Separately, White House advisor Michael Kratsios highlighted a potential intellectual property issue involving Moonshot AI's Kimi K3 model.

• President Xi Jinping called for increased global cooperation and governance of artificial intelligence during a conference in Shanghai, promising Chinese support for other nations. • The move is seen as a strategic response to the U.S.-led Pax Silica initiative, which aims to secure AI supply chains among allies including Japan, the U.K., Australia, and India. • Xi criticized U.S. restrictions on technology sharing, highlighting the tension between the two superpowers over tech dominance and security.

• Chinese President Xi Jinping has called for increased global cooperation in artificial intelligence, pledging to provide 5,000 AI training opportunities to developing countries over the next five years. • China aims to expand AI partnerships with major international blocs, including ASEAN, the African Union, the BRICS countries, and the Shanghai Cooperation Organization. • This diplomatic push comes as U.S.-led restrictions continue to block China's access to advanced technologies, forcing the nation to accelerate its own domestic tech development.

• On July 15, the KOSPI surged 6.24%, triggering a buy-side circuit breaker and a temporary program trading halt due to the rapid market climb. • The rally was led by semiconductor stocks, with SK Hynix jumping nearly 9%, while Samsung Electronics and Kioxia both rose by approximately 6%. • This surge was driven by lower-than-expected U.S. June CPI data, which reduced investor concerns regarding potential Federal Reserve rate hikes.

• The Chinese government is reportedly considering restrictions on overseas access to advanced AI models developed by domestic tech giants like Alibaba and ByteDance. • This move treats frontier AI software as a critical national asset, echoing concerns from state media and cybersecurity expert Zhou Hongyi regarding the need for a domestic "Mythos." • Such curbs could disrupt global tech markets by increasing costs and limiting the availability of high-performance AI tools outside of China.

• US lawmakers are considering new restrictions to limit the adoption of Chinese-developed artificial intelligence models by American companies. • The House Committee on Homeland Security and the Select Committee on China launched a joint investigation in April to assess the risks of this tech integration. • As part of the probe, legislators have contacted firms such as Airbnb and Cursor to determine their level of exposure to Chinese-built AI systems.

• Chinese authorities have spent the past month holding discussions with the nation's largest technology companies regarding restrictions on overseas access to advanced AI models. • The proposed curbs would target both currently available and unreleased AI models to prevent foreign entities from utilizing China's most sophisticated technology. • This move highlights the growing tension between global AI competition and national security concerns as China seeks to protect its proprietary technological advancements.