Chinese artificial intelligence firm MiniMax reported a 283 per cent surge in first-half revenue to US$116.6 million, powered by a 700 per cent jump in its enterprise business. This growth, however, falls short of full-year analyst forecasts. Performance indicates strong competition from American and Chinese AI laboratories.

Meta Platforms will pay up to USD 18 billion over a decade and introduce strict limits on how teenagers use Facebook and Instagram. This agreement with nearly all US states resolves claims the company designed its social media platforms to addict children. The settlements recently concluded a federal trial concerning allegations Meta's products harmed children and misled the public about platform safety.

Xiaomi president Lu Weibing presented the Xuanjie O100 prototype, an on device AI terminal designed without a rear camera. It features dual chip computing and active air cooling. The device operates the Xiaomi MiMo model, achieving an inference speed of approximately 295 tokens per second in testing.