The Shanghai Stock Exchange issued guidance on June 17, 2026, supporting AI large model companies without significant revenue to list on the STAR Market. The rules clarify that such firms qualify under the board’s fifth listing standard. A key requirement is that at the time of application, the issuer must have at least one large model product already released online and achieving large-scale application. The exchange will actively promote listings to boost breakthrough core technology enterprises.
A securities class action lawsuit has been filed against Microsoft following a roughly $357 billion drop in its market capitalization. The commentary argues that properly identifying the governing legal regime is critical when evaluating AI provenance disputes. It emphasizes that confusion over which law applies can obscure the limits of AI-related provenance claims.
Nobel economist Paul Krugman published a column on June 12, 2026, calling Elon Musk a 'human Ponzi scheme' built on unfulfilled promises (Hyperloop, full self-driving, Mars). He detailed a financial shell game: Musk merged the troubled X into xAI to mask losses, then planned to fold xAI into SpaceX to justify a $1.77 trillion IPO. Krugman also condemned Nasdaq and FTSE Russell for modifying index rules to allow SpaceX's swift inclusion, which would force passive index funds—and ordinary Americans' retirement accounts—to buy the stock regardless of merit. The scheme helped Wall Street escape $13 billion in toxic debt from Musk's Twitter takeover, privatizing profits while socializing risk.
The InfoQ China article body is inaccessible, providing no substantiating content. The visible headline states that OpenAI incurred an annual loss of approximately 260 billion (currency unspecified, likely Chinese yuan) as its valuation approached the trillion-dollar mark. No source, timeframe, or financial detail can be confirmed from the raw content.
CICC released a research note following the Fed's June meeting, which kept the federal funds rate unchanged as expected. The dot plot turned hawkish, with the median projection implying one rate hike this year, reflecting a focus on combating persistent inflation amid a stable labor market. CICC maintained its forecast that the Fed will neither hike nor cut rates in 2026, but noted that the risk of a rate hike next year has increased. The note warned that if the US economy strengthens further, driven by AI capital expenditures and achieving a full recovery, monetary tightening cannot be ruled out.
On June 17, the Shanghai Stock Exchange (SSE) issued Guideline No. 10 to explicitly allow artificial intelligence large model companies to use the STAR Market's fifth listing standard, which does not require prior revenue. The guideline aims to accelerate AI innovation by creating a regulated pathway for high-quality AI firms that have not yet generated significant income. The move directly benefits domestic AI startups Zhipu and MiniMax, which are planning A-share listings, providing them with greater institutional certainty.
