OpenAI and Google Sell AI Models to Blacklisted Chinese Firms - Daily AI Brief #497
July 11, 2026 -
Daily AI Brief
Hi there,
Welcome to today's AI Brief.
In today's edition, OpenAI and Google are reportedly selling AI models to blacklisted Chinese groups. Meanwhile, JPMorgan has tested AI agents that outperform the traditional 60/40 portfolio strategy. SK Hynix has raised $26.5 billion in a historic US IPO, and OpenEvidence has introduced EvidenceGrade in collaboration with NewYork-Presbyterian.
Additionally, TeraWulf is seeking $3.5 billion for a new AI data center in Kentucky, and Mercor is eyeing a $20 billion valuation following its acquisition of Deeptune. Marker, an AI writing startup, has secured $13 million in seed funding. In other news, the University of Chicago Law School has banned laptops in 1L classes, Apple is suing OpenAI for trade secret theft, and Stanford has launched an AI co-scientist named Biomni.
Welcome to today's AI Brief.
In today's edition, OpenAI and Google are reportedly selling AI models to blacklisted Chinese groups. Meanwhile, JPMorgan has tested AI agents that outperform the traditional 60/40 portfolio strategy. SK Hynix has raised $26.5 billion in a historic US IPO, and OpenEvidence has introduced EvidenceGrade in collaboration with NewYork-Presbyterian.
Additionally, TeraWulf is seeking $3.5 billion for a new AI data center in Kentucky, and Mercor is eyeing a $20 billion valuation following its acquisition of Deeptune. Marker, an AI writing startup, has secured $13 million in seed funding. In other news, the University of Chicago Law School has banned laptops in 1L classes, Apple is suing OpenAI for trade secret theft, and Stanford has launched an AI co-scientist named Biomni.
OpenAI and Google Sell AI Models to Blacklisted Chinese Firms
OpenAI and Google have been providing AI services to subsidiaries of Chinese tech companies Alibaba, Baidu, and Tencent, which are blacklisted by the US. This has led to calls for stricter US regulations on AI exports. Read more
JPMorgan AI Agents Beat 60/40 Portfolio in Tests
Researchers at JPMorgan Chase & Co. have developed AI investing agents that, in historical simulations, outperformed the traditional 60/40 portfolio with lower volatility. This suggests a potential shift in investment strategies on Wall Street. Read more
SK Hynix Raises $26.5 Billion in Largest US Foreign IPO
South Korean chipmaker SK Hynix has made history with a $26.5 billion IPO in the U.S., the largest by a non-American company. The funds are earmarked for new facilities in South Korea, while U.S. officials encourage further investment in American factories. Read more
OpenEvidence Launches EvidenceGrade with NewYork-Presbyterian
OpenEvidence has launched EvidenceGrade, a feature designed to evaluate the quality of AI-generated medical evidence, in collaboration with NewYork-Presbyterian. Read more
TeraWulf Seeks $3.5 Billion for Kentucky AI Data Center
TeraWulf Inc. plans to raise $3.5 billion in debt to build a data center in Kentucky, entering the leveraged loan market. The project involves a 20-year lease with Anthropic PBC and is expected to generate significant revenue. Read more
Mercor Plans $20 Billion Valuation and Acquires Deeptune
AI training startup Mercor is in early talks to raise funds at a $20 billion valuation and has acquired Deeptune, a company specializing in training AI agents. Read more
Marker AI Writing Startup Secures $13 Million Seed Funding
London-based AI writing startup Marker has announced a $13 million seed funding round, co-founded by a former DeepMind executive. The funding was led by Index Ventures with participation from LocalGlobe. Read more
University of Chicago Law School Bans Laptops in 1L Classes
The University of Chicago Law School has implemented a ban on electronic devices in core 1L classes as part of a new AI strategy to enhance legal education. Read more
Apple Sues OpenAI for Trade Secret Theft
Apple has filed a lawsuit against OpenAI, accusing the company of stealing trade secrets by recruiting over 400 former employees. The lawsuit specifically names Chief Hardware Officer Tang Tan and engineer Chang Liu for alleged misappropriation of confidential information. Read more
Stanford University Launches Biomni AI Co-Scientist
Researchers at Stanford University have introduced Biomni, an AI tool designed to assist biomedical researchers by interpreting prompts, analyzing data, and providing citations. It is already in use by over 10,000 labs. Read more
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