This paper presents a new theory of gravity, called here Ashtekar-Kodama (AK) gravity, which is based on the Ashtekar-Kodama formulation of loop quantum gravity (LQG), yields in the limit the Einstein equations, and in the quantum regime a full renormalizable quantum gauge field theory. The three fundamental constraints (hamiltonian, gaussian and diffeomorphism) were formulated in 3-dimensional spatial form within LQG in Ashtekar formulation using the notion of the Kodama state with positive cosmological constant Λ.We introduce a 4-dimensional covariant version of the 3-dimensional (spatial) hamiltonian, gaussian and diffeomorphism constraints of LQG. We obtain 32 partial differential equations for the 16 variables Emn (E-tensor, inverse densitized tetrad of the metric) and 16 variables Amn (A-tensor, gravitational wave tensor). We impose the boundary condition: for large distance the E-generated metric g(E) becomes the GR-metric g (normally Schwarzschild-spacetime). The theory based on these Ashtekar-Kodama (AK) equations, and called in the following Ashtekar-Kodama (AK-) gravity has the following properties. • For Λ=0 the AK equations become Einstein equations, A-tensor is trivial (constant), and the E-generated metric g(E)is identical with the GR-metric g. • When the AK-equations are developed into a Λ-power series, the Λ-term yields a gravitational wave equation, which has only at least quadrupole wave solutions and becomes in the limit of large distance r the (normal electromagnetic) wave equation. • AK-gravity, as opposed to GR, has no singularity at the horizon: the singularity in the metric becomes a (very high) peak. • AK-gravity has a limit scale of the gravitational quantum region 39 μm, which emerges as the limit scale in the objective wave collapse theory of Gherardi-Rimini-Weber. In the quantum region, the AK-gravity becomes a quantum gauge theory (AK quantum gravity) with the Lie group extended SU(2) = ε-tensor-group(four generators) as gauge group and a corresponding covariant derivative. • AK quantum gravity is fully
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