China Considers AI Export Controls, SK Hynix Eyes $28B IPO, Banks Target Payment Business | Diet TBPN

China is considering export restrictions on advanced AI models, mirroring U.S. policies and potentially following strategies outlined in the "AI 2027" framework. This shift coincides with a period of rapid AI evolution, characterized by intense market activity and the emergence of competitive Chinese open-weight models like Z.AI’s GLM 5.2. Meanwhile, the AI infrastructure sector sees significant movement with SK Hynix’s $28 billion Nasdaq listing, cementing its role as a critical memory chip supplier. Meta has expanded its AI ecosystem with the launch of Muse Image and Video, leveraging its vast training data. Beyond technology, major U.S. banks are eyeing the acquisition of Fiserv’s debit networks to vertically integrate payment rails, while the Manhattan real estate market faces a crisis following structural failures at a high-profile office-to-residential conversion site.