China Unleashes $28 Trillion Capital Markets to Challenge US in AI


 Summarize ​ The strategy marks a break from Beijing’s reliance on subsidies and state funding. August 9, 2026 at 5:00 PM EDT Even by the frothy standards of the AI era, CXMT Corp.’s trading debut in Shanghai last month was extraordinary. Within a few hours, the memory chip maker — seen as Beijing’s best hope of reducing reliance on foreign suppliers and challenging the US in AI — surged more than 500% to become the most valuable stock in mainland China, eclipsing Industrial and Commercial Bank of China Ltd., which held the top spot for years. The frenzy was the culmination of one … Continue reading China Unleashes $28 Trillion Capital Markets to Challenge US in AI

When AI builds itself


Our progress toward recursive self-improvement, and its implications. For most of AI’s history, humans drove every step in its development cycle. But at Anthropic, we are delegating a growing share of AI development to AI systems themselves, which is speeding up our work. Taken far enough, and given enough compute, that trend points to an AI system capable of fully autonomously designing and developing its own successor. This is called recursive self-improvement. We are not there yet, and recursive self-improvement is not inevitable. But it could come sooner than most institutions are prepared for. Using public benchmarks and previously unreported data … Continue reading When AI builds itself