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Xi proposes AI center and $280 million funding at SCO summit
Chinese President Xi Jinping announced plans for a Shanghai Cooperation Organization artificial intelligence center during the bloc's leaders' summit in Tianjin on September 1. China will provide 2B yuan ($280M) in grants this year and 10 billion yuan in loans over three years to support the initiative. 
Nvidia CEO projects $3-4T AI infrastructure spending by 2030
Nvidia CEO Jensen Huang forecasted global AI infrastructure investment will reach $3 trillion to $4 trillion by 2030 during the company's earnings call, Reuters reports. The chipmaker guided third-quarter revenue at approximately $54 billion, plus or minus 2%, exceeding Wall Street projections. 
OpenAI backs AI-animated film for 2026 Cannes debut
OpenAI is providing AI tools and computing power for "Critterz," a feature-length animated film created largely with artificial intelligence. The project aims for a debut at the Cannes Film Festival in May 2026 and a theatrical release later that year. 
