This week, DeepSeek-V3.1 dropped on Hugging Face. Media outlets immediately began citing benchmark scores that rival proprietary systems from OpenAI and Anthropic for a system that is available via a permissive license, facilitating wide access. The 685-billion parameter Mixture-of-Experts (MoE) model has 37 billion active parameters and is designed for efficiency. It builds on DeepSeek-pioneered processes like multi-head latent attention (MLA) and multi-token prediction (MTP) to optimize inference, enabling high-performance computing on both enterprise servers loaded with H100 GPUs and consumer hardware like a Mac Studio or comparably powered PC. Continue reading DeepSeek-V3.1 Offered with Improvements in Speed, Context

Entertainment studio Cineverse has joined forces with Banyan Ventures, the venture arm of former ABC Entertainment Group and WME Chairman Lloyd Braun, on MicroCo, a native AI platform that will generate micro-dramas and micro-series — “serialized, short-form, mobile-first content” that has become a craze in China. Launching in 2026, the platform has drawn comparisons to Quibi, the short-form content company founded by Jeffrey Katzenberg in 2018 and shuttered two years later, burdened by production costs. MicroCo plans to use AI to keep costs down. The company is aiming for a “freemium” model combining some free access along with paid subscriptions. Continue reading Cineverse, Banyan to Launch Platform for GenAI Micro-Series

China’s DJI, the world’s leading consumer drone company, has released the Osmo 360 camera globally. The move comes as Shenzhen-based camera company Insta360 announced it is entering the drone business with a 360-degree consumer drone. DJI says the Osmo 360 raises the bar on surround imaging as “the first 360 camera to shoot ultra-high-spec 8K/50fps 360-degree video and is the only 360 camera that can shoot continuously for 100 minutes in 8K/30fps.” While both the Insta360 X5 and KanDao’s QooCam 8K cameras match the resolution, neither model features the 50fps capability. Continue reading Drone Maker DJI Launches the Osmo 360 8K Video Camera

Apple posted quarterly revenue of $94 billion, up 10 percent year-over-year, the largest quarterly growth spurt for the tech giant since December 2021. Net profit of $23.4 billion was a new record for the June quarter and up nearly 9 percent from the prior year. Sales of Apple’s iPhones totaled $44.6 billion for the quarter, a 13 percent increase year-over-year, with growth posted across “every geographic segment” and a record number of upgrades as customers raced to beat the impact of anticipated tariffs, according to the company. The results for Apple’s fiscal Q3 exceeded Wall Street estimates. Continue reading iPhone Sales Jump 10 Percent, Driving Apple to Record Profit

Camera firm Insta360 has announced a new drone brand called Antigravity capable of recording 360-degree video — a drone first. Shenzhen-based Insta360 made its name with the 360-degree X camera series, the latest of which, the X5, shoots 8K video and 18-megapixel photos. The Antigravity consumer drone will also record video in 8K and will be aimed at beginners who haven’t quite mastered their flight reflexes and want to capture everything and edit it later. “Ease of use is the starting point for all Antigravity products,” according to Insta360. The first Antigravity product is scheduled to be publicly unveiled in August. Continue reading Insta360 Says Antigravity Drone Will Shoot 8K Surround Video

At the World AI Conference that opened in Shanghai on Saturday, Huawei emerged as China’s best hope for driving a domestic hardware sector for advanced artificial intelligence workloads. There, Huawei debuted its CloudMatrix 384 AI system, powered by 384 of its high-performance processors, the Ascend 910C GPUs. The setup has drawn favorable comparisons to Nvidia’s flagship supercomputing platform, the GB200 NVL72, a rack-scale solution for on-site AI and HPC tasks. Huawei’s new hardware reportedly drew large crowds to its booth, but the company declined to share detailed comments or live benchmarks, suggesting a tightly controlled public presentation. Continue reading Huawei May Challenge Nvidia with Its CloudMatrix AI System

According to PwC’s latest Global Entertainment & Media Outlook, M&E revenues are expected to hit $3.5 trillion by 2029, led by advertising, live events and video games. The report also offers a positive outlook for streaming video, OTT, subscription VOD, theatrical box office, with numerous M&E areas impacted by the adoption of artificial intelligence. Streaming video is expected to jump 33 percent to more than $112 billion by 2029, while global revenue for video games is forecast to reach $300 billion in 2029, up 29 percent from $224 billion in 2024. Of three major categories analyzed — connectivity, advertising and consumer — advertising is expected to grow the fastest. Continue reading PwC Eyes Growth for Ads, Events, Gaming, Streaming Video

Alibaba’s Qwen team has launched Qwen3-Coder, which it calls its “most agentic code model to date.” While it will be made available in multiple sizes, the most powerful variant — Qwen3-Coder-480B-A35B-Instruct — is being released first. The 480 billion parameter mixture-of-experts model has 35 billion active parameters supporting a context length of 256,000 tokens natively and 1 million tokens with extrapolation methods for “exceptional performance in both coding and agentic tasks,” explains the group, which claims the quasi-open source model has agentic coding, agentic browser use, and agentic tool use comparable to Anthropic’s proprietary Claude Sonnet 4. Continue reading Alibaba Is Rolling Out Its ‘Most Agentic Code Model to Date’

The OnePlus summer launch event featured five product launches, led by two Nord 5 series smartphones. The game-focused Nord 5 features a 144Hz OLED display that measures 6.83 inches and has three sensors, including a 50-megapixel selfie camera, all powered by Qualcomm’s tier two Snapdragon 8S Gen 3. Slightly smaller, the budget-built Nord CE5 has a slower MediaTek Dimensity 8350 Apex chipset and lesser specs all around. There are also three new products designed to enhance the OnePlus connected experience, including the OnePlus Watch 3 43mm, OnePlus Buds 4 and the OnePlus Pad Lite. Currently, only the Buds 4 and Watch 3 43mm are planned for release in the U.S. Continue reading OnePlus Reveals New Phones, Watch, Buds, Android Tablet

China’s Baidu has added AI and voice features to its Ernie search engine and as of June 30 officially made its generative Ernie large language model open source in a direct challenge to OpenAI and Anthropic as well as local Chinese rival DeepSeek. “This isn’t just a China story. Every time a major lab open-sources a powerful model, it raises the bar for the entire industry,” University of Southern California Associate Professor of Computer Science Sean Ren told CNBC. Baidu is also giving the Ernie mobile app more chatbot-like functionality, enabling it to help with drawing, writing and travel tasks. Continue reading Baidu Delivers AI Updates to Search, Open-Sources Ernie 4.5

Xiaomi AI Glasses are the Beijing-based company’s first smart glasses to include a camera. Equipped with a 12MP Sony IMX681 point-of-view camera that captures 2K video at 30 fps, the new glasses also support real-time live-streaming and first-person video calls. Notable features include a 263mAh battery that Xiaomi says delivers 8.6 hours of mixed use and an electrochromic shaded lenses option that allows the wearer to control the tint. The clear-lens model starts at $280, while those with grayscale electrochromic shaded lenses start at $380. Colored electrochromic lens models begin at $420. Continue reading Xiaomi AI Glasses Tout Electrochromic Lenses and a Camera

TikTok is reporting that TikTok Shop’s U.S. sales have increased 120 percent in 2025 compared to the same period last year. However, this announcement was made as reports surfaced that TikTok owner ByteDance is disappointed that the U.S. performance of TikTok Shop is falling far short of its original tenfold growth goal to $17.5 billion in 2025. The company reportedly moved to “drastically lower that objective” prior to touting its performance this month. Meanwhile, President Trump recently extended the deadline for ByteDance to sell the U.S. operations of TikTok, pushing the cutoff to September 17. Continue reading TikTok Shop’s U.S. Sales Improve but Still Fall Short of Goals

China’s Manus AI has unveiled a text-to-video generator it says can transform “prompts into complete stories — structured, sequenced, and ready to watch. With a single prompt, Manus plans each scene, crafts the visuals, and animates your vision,” the company announced last week. Manus generated buzz in March for its agentic approach to AI, and now it is putting that autonomous technology to work on generative AI, promising story generation within minutes. Last month, the firm that developed Manus, Butterfly Effect, reportedly secured $75 million in funding led by U.S.-based Benchmark for a nearly $500 million valuation. Continue reading Manus AI Takes an Agentic Approach with Its Video Generator

Bytedance-owned social video platform TikTok is improving ways in which users can customize their For You feed, letting them increase emphasis on subjects of interest with Manage Topics and adding AI-powered Smart Keyword Filters to suppress content they don’t want to see. While the social platform has featured keyword filters for some time, the new filters are smart enough to catch a broader range of unwanted content. Users can now include up to 200 filtering keywords and let AI do the rest “to capture additional videos featuring similar words, synonyms and slang variations” that reduce unwanted content in the For You feed. Continue reading TikTok Adds Features Letting Users Fine-Tune ‘For You’ Feed

DeepSeek-R1-0528 is here, and this latest iteration is generating almost as much stir as the initial open-source R1 reasoning model did in January. The Chinese startup, owned by quantitative analysis firm High-Flyer Capital, is touted by one media outlet as “near parity in reasoning capabilities with proprietary paid models such as OpenAI’s o3 and Google Gemini 2.5 Pro.” Promised are stronger capabilities in complex reasoning centered on math, science, business and coding, along with improved features for developers and researchers. As with the earlier release, the DeepSeek-R1-0528 is available under the MIT License, which supports commercial use and allows customization. Continue reading DeepSeek’s New Update Heightens Rivalry with U.S. AI Firms