Alibaba released open-weight Qwen3.8-Flash, rivaling Opus 4.6. Z.AI’s Ox Alpha hit top of OpenRouter. Microsoft drew investor fire for opaque reporting. MiniMax revenue jumped 283% to $116.6M. Huawei’s Egypt chip bid alarmed Washington. Revolut launched euro stablecoin EURR. SemiAnalysis warned AI capex could hit $11T, centralizing compute.