THE DAILY BRIEF

DeepSeek's senior management told investors in its ongoing 70 billion yuan ($10 billion) funding round that the company will prioritize groundbreaking AI research over short-term commercial returns.

► A well-capitalized Chinese AI lab prioritizing research over profit suggests global competition for foundational models is intensifying outside the U.S. ecosystem.

TeamPCP, a threat actor gang, claimed responsibility for a GitHub repositories breach and has executed 20 waves of supply chain attacks in recent months, compromising over 500 pieces of software across the ecosystem.

► A single coordinated actor targeting repositories at scale reveals that supply chain security has moved from isolated incidents to systematic industrial-level compromise.

Bungie plans to shut down active development on Destiny 2 and lay off a significant portion of its workforce, with no new project currently assigned to the affected development team, according to Bloomberg.

► Major gaming studios canceling live-service games signals the end of an era where indefinite post-launch support was assumed to be profitable.

SK HYNIX RAISES $26.5B IN LARGEST FOREIGN IPO ON RECORD

SK Hynix, South Korea's memory chipmaker, raised $26.5 billion in its U.S. depositary receipt offering, the largest-ever first-time public share sale by a foreign company, capitalizing on investor appetite for AI infrastructure plays.

► Record capital flowing to non-U.S. chip suppliers demonstrates that institutional investors are hedging concentration risk in American semiconductor dominance.