Abstract: We tracked AI models, infrastructure, and M&A this week: GPT-5.6 launched below Fable 5's price, and Chinese labs completed major post-lockup placements. Tencent open-sourced Hy3, OpenAI launched ChatGPT Work and GPT-Live, Anthropic moved Cowork to the cloud, and SpaceXAI released Grok 4.5. SK Hynix completed its Nasdaq IPO, Tencent-led investors pursued Manus, and Nvidia backed Firmus. SambaNova and Prime Intellect raised fresh capital.
MINIMAX, KNOWLEDGE ATLAS, TENCENT, ALIBABA, Alphabet Inc. Class A Common Stock, Microsoft, Nvidia
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