Hang Seng Tech Index rises by 1%
Cloudsky has secured over 1 billion RMB in Series E funding, with the China Internet Investment Fund leading the round. The company is launching a new strategic initiative called "The Real-Time Intelligence Fabric" aimed at the AGI era. In other news, OpenAI reportedly spent $34 billion last year to dominate the AI market, with $19 billion allocated to R&D for 2025. Additionally, there are reports of Anthropic's "Fable 5" model facing a ban, potentially disrupting a conference. AI
IMPACT This cluster highlights substantial investment in AGI infrastructure and significant R&D spending by major AI players, indicating continued aggressive development in the field.