AI dominance competitions intensify as China's Kimi K3 narrows gap with US, while regulatory pressures mount on tech giants and Apple readies major OS updates for September launch.

China's Moonshot AI suspended new subscriptions for its groundbreaking Kimi K3 model due to compute constraints after massive demand, signaling the model has narrowed China's AI gap with the US to "a matter of weeks" and sparking anxiety in Silicon Valley over competitive advantage.

Trump's latest AI czar has already resigned, marking another leadership shuffle in the administration's AI policy efforts amid ongoing debates about AI regulation and open-weight model safety.

OpenAI expresses concerns about open-weight AI models while China's SenseTime predicts a shift from a "token economy" to a "task economy" as token prices decline, reflecting fundamental changes in AI commercialization strategies.

Google is developing a new AI chip specifically designed to make Gemini more efficient, part of broader efforts to reduce dependence on external chip suppliers for AI workloads.

Alibaba's T-Head unit announced it will open-source its proprietary software stack to challenge Nvidia's dominant ecosystem, marking an aggressive effort to compete in AI infrastructure.

The EU fined AliExpress a record $629 million for breaching the Digital Services Act, with Alibaba vowing to appeal; meanwhile, China's antitrust probe into Trip.com is expected to conclude this week.

Apple is seeding multiple beta updates including iOS 27, watchOS 27, and visionOS 27, with iOS 27 code revealing references to iPhones with dual battery systems ahead of the September launch.

Chinese President Xi Jinping called for "openness" and opposing "one country" rules in AI governance at the World Artificial Intelligence Conference, positioning China as advocating for collaborative international AI development.

Google launched NotebookLM under the new name "Gemini Notebook" with deeper integrations, while Samsung introduced its Galaxy Card as an Apple Card competitor integrated with Samsung Wallet.

The Space Force is seeking to purchase up to $30 billion in rocket launches, while AT&T lost a key ruling in California over basic phone service requirements, reflecting ongoing infrastructure and regulatory challenges in telecommunications.