Thematic

This Week in AI (Jul 19-25): Opus 5 and Qwen 3.8 launches; Kimi targets a pre-IPO after K3 release

25 Jul 2026 By Ke Yan, CFA
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Abstract: We tracked AI models, infrastructure, and M&A this week: Anthropic launched Opus 5, Moonshot moved toward pre-IPO funding, and Alibaba shipped Qwen3.8. China coverage grouped Qwen3.8, Kimi funding, Zhipu compute and SenseTime capacity, with policy items separated into MOFCOM and MIIT updates. Infrastructure and funding updates covered AMD, Nvidia, TSMC, Atoms, Mistral, Etched, 01.AI, PsiBot and GigaAI.

MINIMAX (100 HK) SENSETIME (20 HK) KNOWLEDGE ATLAS (2513 HK) TENCENT (700 HK) ALIBABA (9988 HK) Advanced Micro Devices (AMD US) Alphabet Inc. Class A Common Stock (GOOGL US) Intel (INTC US) Microsoft (MSFT US) Nvidia (NVDA US) Taiwan Semiconductor Manufacturing Company (TSM US)

Highlighted Stocks

MINIMAX, SENSETIME, KNOWLEDGE ATLAS, TENCENT, ALIBABA, Advanced Micro Devices, Alphabet Inc. Class A Common Stock, Intel, Microsoft, Nvidia, Taiwan Semiconductor Manufacturing Company

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