[7/3 14:00] China's ShengShu unveils real-time interactive video model Vidu S1 / Europe's regulators warn AI is outpacing the rules

AI News Flash for July 03, 2026 at 14:00 UTC. Topics: 1. China's ShengShu unveils real-time interactive video model Vidu S1 https://www.prnewswire.com/news-releases/shengshu-technology-unveils-vidu-s1-bringing-real-time-interactive-generation-to-ai-video-302817626.html 2. Europe's regulators warn AI is outpacing the rules https://www.cnbc.com/2026/07/03/ai-outpacing-rules-europe-top-bankers-regulators-warn.html 3. Microsoft and Amazon send engineers to customers https://www.bloomberg.com/news/newsletters/2026-07-03/microsoft-amazon-send-workers-to-their-customers-to-help-with-ai 4. India, AI hiring outpaces overall IT recruitment https://kfgo.com/2026/07/03/ai-hiring-outpaces-overall-it-recruitment-in-india-report-shows/