Tesla's CEO, Elon Musk, has made a bold prediction: AI is set to outstrip the intelligence of any individual human by the end of 2025. By the period between 2027 and 2028, it will have completely eclipsed the collective intellect of all humanity, and by 2030, this outcome will be almost a certainty. Musk is of the belief that AI will fundamentally transform human society, ushering in an era of unprecedented prosperity. However, he also sounds a note of caution, highlighting the potential risks that accompany this technological leap.

On October 31, the Changzhou Municipal Government entered into a collaborative agreement with AutoNavi Software and the Jiangsu Branch of China Mobile. This partnership aims to harness spatio-temporal intelligence to enhance urban governance capabilities and foster industrial development, ultimately establishing an exemplary 'AI+' urban model.

China places significant emphasis on the advancement of artificial intelligence (AI), fostering a conducive innovation ecosystem. As a result, the industry consistently yields innovative accomplishments. For instance, MiniMax, an AI company based in Shanghai, unveiled a comprehensive all-modal "full suite," while Hubei Province witnessed the introduction of pioneering, one-of-a-kind products.

At the GOTC Global Open-Source Technology Summit, which took place on November 1, 2025, Kaifu Lee, CEO of 01.AI and Chairman of Innovation Works, shared his insights. He emphasized that AI Agents are far more than just software tools for CEOs; they represent a transformative skill set that can reshape a company's strategic execution and organizational framework. Lee proposed that by adopting a modular, building-block approach, Agents could be seamlessly integrated to form a highly efficient organizational structure.

Kaifu Lee is convinced that the future competitive edge of enterprises will hinge on large-scale, high-value data loops. He envisions AI super-employee Agents continuously iterating and refining their capabilities. He highlighted that as the cost of AI inference declines, the operational expenses associated with Agents will plummet, enabling them to accomplish tasks in mere seconds. Looking ahead, he predicted that a company's organizational makeup could predominantly consist of Agents, with humans taking on more intricate, strategic roles.

Furthermore, Lee floated the intriguing possibility of one-person unicorn companies emerging in the future. In such a scenario, a single entrepreneur could leverage Agents to build a valuable enterprise. These AI Agents, capable of working nonstop 24/7 and being easily replicated, would serve as the backbone of the business.

Additionally, during the summit, it was announced that 01.AI would join forces with Open Source China to unveil the 'Open Agent Kit Platform.' This platform aims to deliver intelligent agent solutions tailored to the needs of enterprises.

On November 1, reports surfaced indicating that "Artificial Intelligence" and "AI" have become ubiquitous buzzwords within the tech sector. OpenAI, with its renowned ChatGPT platform, has emerged as a central player in this domain. Yet, a closer look at its financial health reveals a starkly different picture: the company is not only far from profitable but is also hemorrhaging cash at an alarming rate. According to the financial report for the first half of 2025, OpenAI raked in $4.3 billion in revenue. However, this was overshadowed by a staggering $13.5 billion in losses. Breaking down the expenses, research and development costs soared to $6.7 billion, while marketing and stock-based compensation expenses also saw significant hikes. The company anticipates that its annual cash burn will hit $8.5 billion, with the cumulative cash burn potentially skyrocketing to $115 billion by 2029. Despite experiencing rapid revenue growth, the exorbitant costs and unrelenting capital consumption have sparked concerns among investors regarding OpenAI's long-term financial viability. To bolster its computational infrastructure and advance model development, OpenAI intends to rely on large-scale financing and investments from partners. Nevertheless, the question of whether its business model can ultimately turn a profit remains shrouded in uncertainty.

On November 1, amid the 32nd Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting held this week, AI collaboration surfaced as a pivotal topic. During the event, CGTN had an in-depth interview with Wang Xingxing, the CEO of Unitree Robotics. As the leader of his company, Wang has wholeheartedly devoted himself to advancing the global utilization and acceptance of robotics technology, with a special emphasis on fostering cooperation within the Asia-Pacific region.

He highlighted that the paramount challenge currently confronting the industry is figuring out how to empower AI-driven robots to seamlessly adapt to a wide array of scenarios and attain genuine practical utility. He underscored that global cooperation and co-creation are indispensable for the sustained and robust development of robotics technology.

Microsoft has unveiled its financial results for the first quarter of the 2026 fiscal year, showing a significant $3.1 billion decline in net profit, attributed to the recognition of investment losses in OpenAI. This resulted in a $0.41 drop in diluted earnings per share, marking a staggering 492.7% surge in losses compared to the same period last year.

As of the reporting period, Microsoft has invested a total of $11.6 billion and now holds a 27% stake in OpenAI's public benefit corporation. The fully diluted valuation of the company is estimated to be around $135 billion.

Under the updated agreement, Microsoft will serve as the exclusive cloud service provider for OpenAI's API products. Additionally, the period during which Microsoft is authorized to own the intellectual property has been extended to 2032.

At the 2025 GOTC Global Open-Source Technology Conference, Kai-Fu Lee, the CEO of 01.AI and Chairman of Innovation Works, offered his insights. He noted that the prevailing organizational structures within corporations are predominantly human-centric. However, he envisions a future where some, if not all, of these human-dominated corporate frameworks could be supplanted by AI Agents. Ultimately, he foresees a scenario where corporate organizational structures will be primarily composed of Agents, leading to a substantial decrease in the number of human staff. These remaining human employees, in turn, will assume more demanding and strategic roles.

Kai-Fu Lee further ventured that, in the years ahead, there might emerge unicorn companies established by individual entrepreneurs. These ventures will harness the power of AI Agents to construct valuable business ecosystems and potentially evolve into industry behemoths. This transformation is attributed to the Agents' unparalleled ability to operate ceaselessly, 24/7, without succumbing to emotional volatility or internal discord. Moreover, their inherent replicability and scalability make them ideal for driving business growth.

On October 31, 2025, Netflix is actively evaluating a bid for Warner Bros. Discovery's film and television production and streaming business.

On October 31, 2025, Nanjing Wision AI Technology Group Co., Ltd. submitted a listing application to the Hong Kong Stock Exchange (HKEX), with CMB International and DBS Bank serving as the joint sponsors.

Microsoft's financial report revealed an unexpected expenditure that surprised analysts: a $4.1 billion expense related to its investment in OpenAI, marking a 490% increase year-on-year. According to Bernstein analyst Firoz Valiji, based on Microsoft's report of holding a 32.5% stake in OpenAI in the last fiscal quarter, this implies that OpenAI's quarterly loss exceeded $12 billion.

During the Adobe Max conference, Adobe unveiled a suite of experimental AI tools. Among them, a cutting-edge technology dubbed Project Frame Forward stole the limelight. This innovative tool empowers users to make any desired modifications to the first frame of a video. Subsequently, it seamlessly and automatically extends these alterations across the entire video. This approach eradicates the cumbersome and time-consuming steps inherent in traditional masking techniques, ushering in a revolutionary paradigm shift in the realm of video editing.

At the APEC CEO Summit held in South Korea, NVIDIA's CEO, Jensen Huang, proclaimed that artificial intelligence (AI) has stepped into a 'virtuous cycle,' propelling the industry toward enduring expansion. He highlighted that breakthroughs in AI models act as a magnet for increased capital inflows. These investments, subsequently, fuel further enhancements and refinements in the models, thus establishing a self-reinforcing loop of growth. Huang underscored that the ascendancy of AI heralds the dawn of a completely novel epoch in computing, where each stratum of the comprehensive computing framework is undergoing a profound metamorphosis.

On October 31, 2025, Getty Images, a renowned visual content provider, entered into a global, multi-year licensing pact with AI-focused startup Perplexity. Pursuant to this agreement, Perplexity is granted the right to showcase Getty Images' editorial and creative visuals within its search and discovery platforms.

This strategic partnership will empower Perplexity to harness Getty Images' API technology, facilitating seamless access to premium visual content and enhancing the accuracy of image attribution labeling. Concurrently, Perplexity will enhance its platform by incorporating features that prominently display image copyright details and provide direct links to the original sources.

Following the public announcement of this collaboration, Getty Images witnessed a remarkable 60% surge in its stock price during pre-market trading sessions, underscoring the market's positive reception to this synergy.

The esteemed technology firm Perplexity has introduced an innovative, AI-powered patent search tool, enabling users to pose inquiries in everyday language. This advanced system is capable of extracting data from reputable patent databases instantaneously and autonomously constructing a framework for comparing technical solutions. Users have the flexibility to hone their search criteria through successive rounds of questioning. Additionally, the tool facilitates document uploads for comprehensive cross-referencing. Nevertheless, it's important to note that the outcomes provided by this tool are intended solely as a reference point and should undergo professional scrutiny; they are not a substitute for official novelty search services.

On October 31, 2025, Nanjing AGI Tech Group Co., Ltd. officially submitted its application for listing to the Hong Kong Stock Exchange, with CMB International and DBS Bank serving as joint sponsors. As China's largest provider of digital human agent solutions, according to data from CIC, based on the revenue from digital human agent solutions in 2024, AGI Tech holds a 32.2% market share in China, ranking first domestically and second globally, thereby establishing its leading position in the industry both domestically and internationally.

On Friday, South Korea's SK Group announced that its Chairman, Chey Tae-won, had a significant meeting with Jensen Huang, the CEO of NVIDIA, at the Asia-Pacific Economic Cooperation (APEC) CEO Summit. During this encounter, both parties engaged in in-depth discussions regarding the integration of artificial intelligence (AI) technology into the manufacturing sector. They also shared insights on leveraging NVIDIA's Graphics Processing Units (GPUs) to construct a comprehensive AI cloud system solution tailored for the manufacturing industry.

Prior to this meeting, NVIDIA had already unveiled its strategic plans to partner with the South Korean government, SK Group, and other stakeholders, with the ambitious goal of deploying up to 260,000 GPUs across South Korea. Chey Tae-won expressed his strong belief that this collaborative effort would propel AI to the forefront, serving as a key catalyst for industrial innovation within South Korea. He further emphasized that SK Group is poised to capitalize on NVIDIA's AI factories to foster advancements across a multitude of sectors.

Jensen Huang, in turn, hailed SK Group as a pivotal partner in the realm of memory technology. Looking ahead, SK Group has outlined its vision to construct an AI cloud specifically designed for the manufacturing industry, powered by NVIDIA's cutting-edge Omniverse platform. Additionally, the group aims to co-establish an AI factory with NVIDIA, utilizing a staggering 50,000 GPUs, with the ultimate objective of transforming into a premier industrial AI service provider.

During the summit, SK Telecom also marked a significant milestone by signing a memorandum of understanding with NVIDIA. This agreement paves the way for joint research endeavors focused on AI mobile network technology. Furthermore, SK Telecom will collaborate with a diverse range of partners to pioneer the development of core AI-RAN (AI-Radio Access Network) technology, which is earmarked for the upcoming 6th generation mobile communication network.

On Friday, South Korea’s Ministry of Science and ICT announced that it is in discussions with NVIDIA to enhance the artificial intelligence ecosystem within the public sector. Earlier, NVIDIA had outlined plans to install up to 260,000 GPUs in South Korea, designating 50,000 of these for the public sector. These GPUs are intended to support government-led initiatives, including the development of foundational AI models and other related projects. Minister of Science and ICT Bae Kyung-hoon emphasized that expanding collaboration on AI infrastructure could significantly bolster South Korea’s AI capabilities. He also stated that the ministry is committed to pursuing international partnerships to help South Korea ascend to the ranks of the world’s top three AI-driven nations. Moreover, the ministry plans to increase administrative support for the ongoing partnership between Hyundai Motor and NVIDIA. In a parallel development, the South Korean government and NVIDIA have reached an agreement to assist South Korean AI startups by fostering their technological collaboration with national research institutions.

Digital Authentication (300579.SZ) has issued a statement revealing that its significant shareholder, Capital Information Development Co., Ltd., intends to divest up to 2.7 million shares (accounting for 1% of the company's total share capital per transaction) through two distinct methods: centralized bidding and block trading. This divestment will occur within a three-month window, commencing fifteen trading days post the announcement's disclosure date (spanning from November 24, 2025, to February 20, 2026, with the exclusion of any periods where share reductions are legally or regulatorily restricted). In total, the stake reduction will not exceed 5.4 million shares, which is equivalent to 2% of the company's total share capital. The proceeds generated from this share reduction initiative will be earmarked for technological innovation endeavors, including investments in AI, data processing, and the development of a cloud-native microservices software platform. Additionally, the funds will support R&D efforts focused on the Hongteng and Hongshun product lines.

As of press time, large-cap tech stocks in the U.S. stock market collectively rose before the market opened, with Amazon surging over 12%, Apple rising over 2%, and Tesla, Meta, Netflix, Arm, and Nvidia all gaining over 1%. Microsoft rose by 0.62%.