The global boom in generative AI, fueled by OpenAI, triggered a surge of investment into Chinese AI startups. But OpenAI’s recent decision to abandon its for-profit status—announced by CEO Sam Altman—highlights the growing difficulty of monetizing AI innovation. Meanwhile, China’s so-called “AI Four Darlings,” CloudWalk Technology, SenseTime Group, Megvii Technology, and Yitu Technology, are battling mounting losses and operational setbacks, with growing pressure to overhaul their business strategies.

India’s smartphone market shipped 32 million units in the first quarter of 2025, marking a 5.5% year-over-year decline, according to IDC. This is the second consecutive quarter of reduced shipments, driven by weak consumer demand and excess inventory from the fourth quarter of 2024.

The rising demand for high-speed transmission cables, driven by advances in AI technology, was a major topic at VSO Electronics’ recent shareholders meeting. Chairman Chung-Cheng Chien acknowledged market uncertainties but assured that AI remains a strong demand area, with no major impacts on customer activity observed.