Tech’s day was defined by a power shift and an argument over who gets to shape AI’s future. Apple briefly edged past Nvidia to reclaim the title of world’s most valuable company, a symbolic reminder that investor enthusiasm around artificial intelligence is becoming more selective, even as AI spending keeps surging elsewhere. Databricks is poised to ride that wave at a reported $188 billion valuation, while China’s Moonshot unveiled Kimi K3, a massive open-weight model aimed squarely at narrowing the gap with top US systems. In Shanghai, Xi Jinping used a major AI forum to argue that no single country should dominate the technology, casting AI governance as a global issue amid intensifying US-China rivalry. That debate took on a darker edge in the Philippines, where officials demanded China Daily remove an AI-generated video depicting Filipinos as monkeys, calling it racist, dehumanizing, and beyond acceptable discourse.