Top Stories This Morning: OpenAI Calls for AI Standards and Alibaba's Most Powerful Chip
Alibaba has unveiled its new Zhenwu V900 AI accelerator, which the company calls the most powerful in China / Photo: Tada Images / Shutterstock.com
OpenAI has called on the U.S. and other countries to develop international standards for advanced AI, including rules for disclosing incidents and restrictions on fully autonomous self-improvement by models. AMD’s market capitalization surpassed $1 trillion for the first time. Read about these and other topics in our roundup of key events as of the morning of September 22.
OpenAI has called on the U.S. to take the lead in developing AI standards
OpenAI has called on the U.S., along with other countries, to develop international technical standards for advanced AI, according to Bloomberg. These standards should define which incidents involving AI models must be disclosed, how countries should collaborate on the development of the technology, and how to ensure access to computing power. The company believes that such rules are necessary for the safe development of AI.
OpenAI also stated that fully autonomous, self-improving AI should not be developed until its safety has been proven. Concerns have intensified following incidents in which advanced models hacked into other systems during testing, including incidents involving OpenAI agents and the startup Hugging Face.
Alibaba Unveils China's Most Powerful AI Chip
Alibaba has unveiled its new Zhenwu V900 AI accelerator, which the company calls the most powerful in China, according to Bloomberg. According to the company, the chip is three times more powerful than its predecessor and can be clustered into groups of up to 500,000 devices for training advanced AI models.
The company has also set a goal of increasing the capacity of Alibaba Cloud’s data centers worldwide to 20 GW by 2032. Alibaba plans to spend more than $53 billion on AI development over three years and to update its lineup of AI chips annually.
AMD Reaches $1 Trillion Market Capitalization Amid Demand for AI
AMD's market capitalization surpassed $1 trillion for the first time after the company's stock rose nearly 10%, according to Reuters. AMD became the fourth U.S. chipmaker to reach this milestone, following Nvidia, Broadcom, and Micron. Since the beginning of 2026, AMD’s stock has risen 185%.
Investors are counting on AMD to strengthen its position in the AI market. The company has accelerated the release of AI products and shifted from selling individual chips to integrated systems, competing with Nvidia, while growing demand for server processors has helped it gain market share from Intel, the agency notes.
The U.S. announced plans to suspend the operations of Iranian airlines starting September 23
All Iranian airlines must cease operations as of September 23, U.S. Treasury Secretary Scott Bessent told CNBC. According to him, companies and airports that continue to refuel and service their aircraft or sell tickets face being cut off from the dollar system.
Meanwhile, the United Kingdom intends to support Saudi Arabia in its conflict with the Iran-backed Houthis: the British Air Force will refuel Saudi aircraft in flight. British Prime Minister Andy Burnham stated that this assistance is intended to last several weeks and will be reviewed.
Taiwan's stock index hit a new record high amid a rally in the AI sector
Taiwan's Taiex index set a new intraday record on Tuesday, rising to 48,601.53 points on the back of gains in tech stocks and a rally on Wall Street driven by optimism surrounding AI, CNBC reports. MediaTek shares rose nearly 8%, Delta Electronics shares rose 2.7%, and TSMC shares rose 0.4%.
Since the beginning of the year, the Taiwanese market has grown significantly thanks to the AI boom and the country’s key role in the global semiconductor supply chain. According to HSBC, Taiwan surpassed Canada in May to become the world’s sixth-largest stock market.
Meta's stock soared more than 11% following the success of its AI assistant, Muse
Meta's stock rose more than 11% after its AI app, Muse, topped the App Store charts and Wells Fargo raised its price target for the company's stock from $640 to $796, according to Yahoo Finance. An analyst at the bank highlighted the successful launches of Meta’s new AI models, including Muse Spark and the Muse Assistant.
The rally marked a turnaround for Meta following challenges with the development of AI models and concerns over large-scale infrastructure investments. Over the past three months, the company’s stock has gained about 30%.
What's Happening in the Markets
— The Tokyo Stock Exchange is closed for a public holiday.
— Hong Kong's Hang Seng Index rose 0.2%, while mainland China's CSI 300 Index rose 0.3%.
— In South Korea, the Kospi rose 0.4%, while the Kosdaq fell 0.3%.
— Australia's S&P/ASX 200 rose 0.4%.
— Nasdaq 100 futures rose 0.1%, S&P 500 futures were unchanged, and Dow Jones Industrial Average futures fell 0.1%.
This article was AI-translated and verified by a human editor
