AI product management · Industry brief

South Korea unveiled a $974 billion long-term investment plan to expand AI memory-chip production, robotics and data centers, with Samsung Electronics, SK Hynix and Naver set to lead the effort. China's embodied AI industry is urging faster rulemaking as the sector moves from demonstrations into real-world deployment, while regulators warn of bubble-like risks. Indonesia's lawmakers have begun deliberating a sweeping cybersecurity bill that would establish a national cyber authority with broad supervisory powers over critical infrastructure and digital products including AI oversight. Singapore's privacy regulator is broadening its role beyond traditional data protection as AI adoption accelerates, with responsible data use becoming central to business engagement. The UK plans further child safety measures covering AI chatbots and platform design restrictions by end of July. The EU is intensifying discussions with Anthropic over access to its most powerful Mythos frontier model following a US government decision. The Trump administration's proposal to preempt state AI laws is facing pushback, with even preemption supporters citing First Amendment concerns.

AI startup 1001 raised $30 million in a Series A funding round led by Lux Capital, with participation from Sanabil Investments, General Catalyst, and others. The GCC- and London-based company develops sovereign AI operating systems for critical infrastructure sectors and will use the funding to expand engineering and go-to-market operations across GCC markets. Separately, OSN Streaming submitted a preliminary non-binding proposal to acquire all outstanding shares of Nasdaq-listed Anghami for $3.39 per share in cash, with OSN currently holding 67 percent of the company. The streaming platform deal remains subject to special committee recommendation and board and shareholder approvals.