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Share link:In this post: Chinese tech companies have increased their efforts in AI-generated video tools, positioning them as major players in the field, which is still in its early stages. Kling AI, developed by Kuaishou, a short video platform, converts text or still images into video content. Wei Xiong, an internet analyst at UBS Securities, believes AI video generation has the potential to reshape the content industry.
Share link:In this post: The EU competition chief vows to close flat on talent-only “acquihires.” National regulators have been urged to flag below-threshold deals for EU review. Big Tech’s AI talent raids draw scrutiny amid fears of stifled innovation.
Share link:In this post: The U.S. added just 73,000 jobs in July, far below expectations. Unemployment rose to 4.2%, matching forecasts but signaling weakness. Traders now see a 75% chance of a September rate cut after the report
Share link:In this post: OpenAI secured $8.3B ahead of schedule in a funding round that was five times oversubscribed. The company has increased its revenue and active users, but still has a higher than expected cash burn rate. OpenAI has grown its business customers, and the inclusion of Blackstone and TPG may increase business adoption of multiple AI models.
Share link:In this post: Intel announced the retirement of three top executives in tech development roles. CEO Lip-Bu Tan has signaled tighter investment tied to customer demand. Analysts say job cuts and structural shifts reflect pressure in AI and chip markets.
- 22:17Trump: Glad There Are Vacancies on the Federal Reserve BoardAccording to a report by Jinse Finance, U.S. President Trump said: (When asked about Federal Reserve Governor Kugler's resignation) I know she disagreed with Powell's views, and I understand that. I am pleased that there is now a vacancy on the Federal Reserve Board.
- 20:52US SEC to Establish Task Force to Leverage AI for Enhanced Innovation and Efficiency Across the AgencyAccording to Jinse Finance, the U.S. Securities and Exchange Commission will establish a special task force to leverage artificial intelligence in order to enhance innovation and efficiency across the entire organization.
- 20:22ETH falls below $3,500According to Jinse Finance, market data shows that ETH has fallen below $3,500 and is currently trading at $3,498.71, with a 24-hour decline of 6.12%. The market is experiencing significant volatility, so please manage your risks accordingly.