ByteDance, Alibaba and Tencent Order Over US$35 Billion of Nvidia’s RTX PRO 5500
The three groups want more than 3 million of the workstation cards, but Nvidia has told partners they may receive only 5% to 10% of what they requested.
DAILY BRIEF · 10 STORIES
The October 21, 2026 brief
DeepSeek Open-Sources DeepInfer, the Engine Behind Its API, With Huawei Ascend Support
The Apache 2.0 release runs DeepSeek-V4.1-Flash on Nvidia Blackwell and Huawei Ascend 950 chips, and DeepSeek disclosed US$38 of revenue per GPU-hour.
US Sanctions MiraclePlus and Four Other Chinese Entities Over Stolen Google AI Secrets
The State Department targeted Lu Qi’s startup accelerator, two of its funds and Linwei Ding’s firm Zhisuan, and China’s commerce ministry vowed a response.
MIIT Drafts New Smart-Manufacturing Policy to Push AI Agents Into China’s Factories
The ministry will validate factory AI agents for scheduling, defect detection and maintenance one by one; China has over 13,000 advanced-level smart factories.
Japan’s GMO Says Chinese AI Pentest Tool ARTEX Was Used Against Local Firms
The finding follows Korean bank intrusions tied to the same tool, whose developer works at Beijing security firm ThreatBook, now selling an Artex Pro edition.
Chery Sets 2030 Goal of 100,000 Robotaxis and Launches CheryMind Physical-AI Model
At its Wuhu conference the carmaker also showed Ziwei chips and a home humanoid robot, after spending more than RMB110 billion on R&D in five years.
Alibaba’s DAMO Academy Unveils XuanTie E908A RISC-V Chip Design for Cars
DAMO says the design meets the ASIL-B and ASIL-D safety levels, and it plans a C950A self-driving chip targeting five times current RISC-V car performance.
Industrial Robot Maker Microintelligence Opens Hong Kong IPO to Raise up to HK$800 Million
The Changzhou company is selling 37.3 million H shares at HK$16.63 to HK$21.46 each, after earning just RMB5.1 million on RMB795.5 million of revenue in 2025.
METiS TechBio Signs AI Drug-Delivery Deal With Eli Lilly Worth up to US$1.1 Billion
Lilly will use the Beijing company’s AI-designed lipid nanoparticles to steer RNA medicines to chosen tissues, for an upfront fee in the low tens of millions.
China’s Driverless Mining-Truck Maker Tage iDriver Raises Nearly RMB300 Million Ahead of IPO
The Beihang University spin-off filed to list in Hong Kong in May after 2025 revenue more than tripled to RMB527 million and losses narrowed to RMB164 million.