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8/13
20:12
Market research firm IDC China's managing director Kitty Fok noted that while five years ago China was primarily a sales market, it is now a source of capabilities in certain sectors. Examples include Apple tapping Alibaba and Baidu for AI in China, Ford partnering with CATL for battery technology, Volkswagen teaming up with Xpeng for smart EVs, and Stellantis expanding its partnership with Leapmotor for EV production. Analysts attribute this shift to China's scale, supply-chain depth, and speed of innovation, with some adoptions driven by performance and compliance rather than just cost.
20:09
OpenAI's current annualized revenue has exceeded $40 billion, doubling from $20 billion at the end of 2025, according to Bloomberg, citing people familiar with the matter. This builds a stronger fundamental for its upcoming IPO. Greg Brockman, co-founder and president of the company, revealed in an internal announcement that the annualized revenue growth in July exceeded 20% month-over-month. The recent growth is mainly driven by strong demand from enterprise customers for AI Agents, as well as the promotion of AI programming software and subscription sales. OpenAI also announced the appointment of a new Chief Revenue Officer, aiming to accelerate enterprise sales growth.
19:45
The Ethereum Foundation is moving away from the Poseidon cryptographic hash function in its post-quantum plan, as advances in compact proofs have erased Poseidon’s previous performance advantage, according to researcher Justin Drake.
19:33
Gaza's Interior Ministry said Colonel Jamal Abu Kamel, 43, was killed on Thursday when his vehicle was hit by three missiles from a drone on al-Rashid Street in southwestern Gaza City, with two others injured. The Israeli military stated its goal was to "eliminate threats" and claimed Abu Kamel was a Hamas commander, but provided no evidence. Gaza police denied the claim, stating Abu Kamel was "dedicated to police work and not involved in other activities." The attack occurred a day after Israel ended a week-long pause in airstrikes on the Gaza Strip. The airstrikes resumed after Israeli Prime Minister Netanyahu announced on Sunday his rejection of US President Donald Trump's peace plan, which called for Israeli forces to withdraw from Gaza and Hamas to disarm.
19:13
The Securities and Exchange Commission (SEC) has further postponed its anticipated "innovation exemption," which aimed to accelerate tokenized securities trading. This decision follows concerns from the White House regarding potential complications for broader crypto legislation and from Wall Street, particularly the SIFMA trade group, about how blockchain-based trading venues would integrate with existing equity-market rules like best execution obligations. The SEC had previously delayed the exemption in May and was expected to share details at a now-canceled Friday meeting for its "Reg Crypto" rulemaking. The delay occurs as tokenization gains traction, with analysts projecting a $5.5 trillion market by 2030.
17:48
The White House today released a fact sheet providing more details on President Donald Trump’s National Security Presidential Memorandum, signed to rebuild the U.S. naval shipbuilding industrial base. The memorandum directs the Secretary of War to establish the first U.S. naval shipyard in over 80 years to enhance submarine and aircraft carrier repair capabilities. Additionally, the memorandum calls for the establishment of a component repair center and a comprehensive review, reform, and reorganization of the Naval Sea Systems Command to address long-standing challenges in naval shipbuilding.
17:42
Trump announced his "Complete and Total Endorsement" for LiPetri, a former New York State Assemblyman. He attacked the incumbent, Tom Suozzi, as a "Radical Left Lunatic" who supports open borders, transgender policies, defunding the police, and gun control. Trump also accused Suozzi of making money from stocks using insider information, citing a New York Post report that Suozzi's portfolio performance beat Nancy Pelosi's with a 35% return.
17:37
Reddit's stock rose 11% in extended trading on Thursday following the social media company's announcement of its inclusion in the S&P 500. The company is set to join the S&P 500 on August 18, replacing AvalonBay Communities Inc.
17:37
The proclamation follows a Commerce Secretary investigation which found that UAS and component imports threaten US national security. The Secretary recommended high ad valorem duties on UAS with a maximum take-off weight over 25 kilograms and on UAS docking stations.
17:37
The U.S. President issued a memorandum aimed at addressing issues such as design complexity, cost overruns, delays, and lack of competitiveness in the U.S. Navy's shipbuilding industry. The memo instructs the Secretary of War to submit a plan within 60 days to replace the electromagnetic aircraft launch system and advanced weapon elevators on the CVN-81 aircraft carrier, currently under construction, with steam and hydraulic systems. Furthermore, the memo requires a plan to be submitted within 90 days to adopt the "Finnish model," drawing inspiration from the U.S.-Finland cooperation in building medium icebreakers. This model involves attracting foreign suppliers to build new shipyards or acquire stakes in existing ones in the U.S., employing American workers, licensing technology, and procuring from the American supply chain, all with the goal of expanding domestic shipbuilding capacity and competition. This initiative aims to revitalize the U.S. maritime industry and enhance national security and economic prosperity.
17:23
The startup, co-founded by former Energy Secretary Rick Perry, went public last year and has spent recent months in a legal and shareholder tussle with its former CEO, while racing to sign a first customer for its sprawling Texas data-center and energy campus.
17:19
In the tweet, cb_doge highlighted that users can view if their accounts or posts are being suppressed, understand the exact reasons for any visibility limits, and download full reports.
17:16
The crypto exchange's prediction market volume nearly doubled as it continued expanding beyond traditional crypto trading.
17:02
The trend is fueled by online Gacha mechanics, which propel the pursuit of coveted cards.
16:38
U.S. stocks rose, with the S&P 500 closing at a record high, after wholesale inflation data eased, alleviating concerns about interest rate hikes. The Dow Jones Industrial Average rose 69.72 points, or 0.13%, to 53839.99; the S&P 500 gained 50.49 points, or 0.65%, to 7798.99; and the Nasdaq Composite Index advanced 214.54 points, or 0.81%, to 26803.03.
16:27
This is up from 14.8% in Q1 and 12.9% a year ago, well above the five-year average of 12.4%. Google (Alphabet) and Amazon are the biggest contributors to this record. Even excluding these two, the S&P 500 margin still reached a record 15%, also the highest since 2009.

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