The biggest foreign listing in US history just went underwater, and retail traders holding 3x leveraged bets are down 45% in two months. SK Hynix ADRs fell below their $149 listing price for the first time, erasing all gains from the $26.5 billion offering that debuted earlier this year
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While crypto firms fight regulators, Japan's $60B financial conglomerate is using them as a moat. SBI Group announced the $289M consolidation of Singapore-based exchange Coinhako, building the infrastructure for cross-border digital asset flows across Asia
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The real play isn't the billboard, it's the AI compute buildout right next door.
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China just released the world's largest open-weight AI model, and this time Silicon Valley can't dismiss it as a fluke. Chinese startup Moonshot AI launched Kimi K3, a 2.8 trillion parameter open-weight model that rivals OpenAI and Anthropic at lower cost, with weights releasing July 27
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India just turned semiconductor funding into a government-backed milestone marathon, and the implications reach far beyond chip fabs.
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The AI arms race just got cheaper, and American investors are panic-selling the realization. Chinese startup Moonshot launched a model matching OpenAI and Anthropic performance, marking another technical parity moment between Chinese and US AI labs
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China's most secretive AI lab just spent four hours explaining why American compute advantages don't matter anymore. DeepSeek, China's elusive AI startup, held a rare four-hour VC pitch with strict access limits—two people per firm, most seeing the founder for the first time
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The company building the most advanced AI on earth just asked for a referee. DeepMind CEO Demis Hassabis unveiled a proposal for an international AI watchdog to conduct "rigorous" tests and reviews of cutting-edge models before public release
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The world's largest open-source AI model just dropped from Beijing, and it's free to use right now—while America's frontier labs are still charging by the token.
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The race to trillion-dollar AI valuations just got more complicated now that someone's giving away the product for 75% less. Anthropic is targeting a $1.2 trillion valuation by end of 2026, riding an infrastructure boom that's reshaping global capital markets and enterprise spending patterns
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The next phase of censorship won't come from government firewalls. It'll come pre-installed in your AI assistant.
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Export controls designed to kneecap Beijing's AI ambitions just handed Chinese firms their best go-to-market strategy: open models that work everywhere American ones don't.
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The smart money is rotating out of chips and into the platforms that actually monetize AI, and Beijing just made that bet a lot less risky.
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While Washington debates AI export controls, Tokyo just wrote a $2 billion check for physical intelligence. Japan is buying 27,500 Nvidia Rubin chips to build a sovereign AI foundation model specifically for robotics
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While everyone watches Nvidia's chips, Japan's megabanks just became infrastructure partners for the agent economy. Nvidia CEO Jensen Huang met with Japanese AI supply chain partners in Tokyo, cementing partnerships with major Japanese banks to build AI factories and diversify Asian manufacturing
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Apple just got permission to sell AI in the world's largest smartphone market, but only if Chinese companies run the models. China's Cyberspace Administration approved Apple Intelligence for iPhones on Wednesday, ending a two-year wait since the feature launched in iOS 18 globally.
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The first dominoes are falling in the infrastructure war for AI supremacy, and they're falling inward.
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The irony is thick: America's open-source AI philosophy, built on academic ideals and collaborative progress, just handed China a shortcut to compete with frontier models without the billion-dollar R&D bill.
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OpenAI just pitched letting states write the rules first, then scaling the winners nationwide — a playbook that worked for securities law and could determine whether AI governance happens at all.
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While Silicon Valley debates who should referee AI, the Global South just picked sides. Demis Hassabis wants a US-led global AI watchdog with authority to evaluate and potentially block frontier models before release
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