Thematic

This Week in AI (Jul 5-11): GPT-5.6 undercuts Fable 5; MiniMax and Zhipu placement; SK Hynix raises $26.5bn

11 Jul 2026 By Ke Yan, CFA
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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 (100 HK) KNOWLEDGE ATLAS (2513 HK) TENCENT (700 HK) ALIBABA (9988 HK) Alphabet Inc. Class A Common Stock (GOOGL US) Microsoft (MSFT US) Nvidia (NVDA US)

Highlighted Stocks

MINIMAX, KNOWLEDGE ATLAS, TENCENT, ALIBABA, Alphabet Inc. Class A Common Stock, Microsoft, Nvidia

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