Moonshot AI is in talks with Microsoft Corporation (MSFT.US), Amazon.com, Inc. (AMZN.US) and Google on revenue-sharing agreements that would allow these US cloud companies to host its Kimi K3 AI model, Reuters, citing sources, reported.

Moonshot AI is seeking to take as much as a 30% share of revenue, in line with terms it previously proposed to major clients for its open-weight model.
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Microsoft Corporation (MSFT.US) founder Bill Gates said he hopes to propose a global cooperation initiative to mitigate risks posed by AI when meeting with Chinese President Xi Jinping later this year. He believes that if the US takes the lead, China may agree to restrict the release of potentially risky AI models.

A spokesperson for Gates said efforts are underway to finalize details of the meeting with Xi, tentatively scheduled for November. Gates said he hopes to propose that countries monitor AI's capability to create molecules and conduct biological attacks.

He also mentioned that China is protecting children from addiction to AI companions, adding that few global leaders are willing to take responsibility for preventing a series of potential AI risks.
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Tesla, Inc. (TSLA.US)'s Shanghai data center, which was specifically prepared for the rollout of FSD in China, had been vacated and that the related liaison team had fully withdrawn, according to market talks.

However, the National Business Daily cited sources from Tesla China as saying the reports were untrue.

Tesla Vice President Grace Tao had said in February 2026 that the company would actively participate in the development of the intelligent assisted driving sector in China.

Although Tesla has not officially rolled out the "full-featured FSD" to Chinese users, the company has been adapting the system for the China market, establishing training centers in China and deploying training capabilities tailored for the local market in advance, she said.
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OpenAI said its new Jalapeno chip exceled existing product lines of NVIDIA Corporation (NVDA.US) in tests, highlighting the company's progress in independently developing AI processors.

OpenAI chip head Richard Ho said Jalapeno processors outperformed Nvidia's GB300 in two areas during testing, including AI workload processing per unit of power consumption and response speed.

OpenAI plans to begin using Jalapeno later this year to support its AI models, and expects costs to nosedive when the company adopts Jalapeno on a large scale.

OpenAI said it is using its own AI models to accelerate chip development. Development of an upgraded chip is nearing completion, and the final stage of chip design is expected to be completed in the coming months.
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The Louisiana Economic Development office and Space Exploration Technologies Corp. (SPCX.US) jointly announced that SpaceX will invest USD100 billion to establish Starbase in Vermilion Parish to support thousands of launch missions annually.

Upon completion, Starbase will become the primary launch base for Starship. Starship is a rocket currently under development by SpaceX, the largest rocket ever built, and is designed to be fully reusable.

SpaceX CEO Elon Musk said the spaceport project will bring around 10,000 highly exciting jobs to Louisiana.

SpaceX shares closed up 2.2% on Tuesday (25th) at USD137.95.
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NVIDIA Corporation (NVDA.US) announced that its Groq 3 LPX chips have entered full-scale production.

Senior Director Dion Harris said the Groq chips will be deployed alongside the Vera CPU and Rubin GPU at cloud service provider Nebius, with launch scheduled for later this year.

NVIDIA is accelerating production and customer supply of Groq chips, reflecting the growing importance of low-latency inference technology.

The technology helps AI agents improve response speed in applications such as coding and reduces user waiting time. NVIDIA noted that cloud companies can charge higher fees for related token services.

NVIDIA acquired Groq assets for USD20 billion in December 2025, marking the company's largest-ever acquisition. Groq chips are manufactured by Samsung, while TSMC (TSM.US) produces NVIDIA's GPUs.
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NVIDIA Corporation (NVDA.US) reached a licensing agreement with AI startup Poolside to build open-weight AI models, vying against Chinese models such as DeepSeek and Kimi K3, while also being expected to pose a direct challenge to major US AI companies including OpenAI and Anthropic, the Wall Street Journal, citing sources, reported.

Poolside was founded in 2023 by software developer Eiso Kant and former GitHub Chief Technology Officer Jason Warner. The company previously sent a letter to shareholders announcing a major business restructuring.

NVIDIA will invest USD1 billion in Poolside at a pre-money valuation of USD12 billion, according to the report, citing the letter. It will also pay USD6 billion to obtain licensing rights for Poolside's technology and recruit most of its engineers.
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US President Donald Trump disclosed that he carried out more than 1,000 financial asset switches in June, indicating a large-scale reshuffle of his investment portfolio.

He adjusted holdings across stocks, bonds and exchange-traded funds (ETFs) throughout June, according to the latest filing submitted by Trump on August 22. As the filing only listed value ranges for each transaction instead of exact figures, the total transaction value ranged from USD78.1 million to USD263.1 million. Securities purchases exceeded USD49 million, while sales amounted to at least USD28.5 million.

The filing reflects investment operations conducted on behalf of Trump, but does not fully reveal the overall portfolio holdings. The disclosure did not specify actual trading amounts, nor did it reveal the scale of his holdings in any particular securities.

Among the 1,051 transactions, the largest was the sale of Vanguard Dividend Appreciation Index Fund ETF shares on June 22, with a transaction value ranging from USD5 million to USD25 million. On the same day, he also bought Fidelity National Information Services, Inc. (FIS.US) and Home Depot Inc. (HD.US), with each transaction ranging from USD1 million to USD5 million. Both represented the largest purchases of those shares during June, although he also sold part of his Fidelity holdings.

Trump sold shares of Meta Platforms, Inc. (META.US) and Motorola Solutions, Inc. (MSI.US) on June 18, with each transaction valued between USD1 million and USD5 million. On the same day, he bought Berkshire Hathaway (BRK.B.US), Cintas Corporation (CTAS.US), Visa Inc. (V.US) and Mastercard Incorporated (MA.US), with each transaction also ranging from USD1 million to USD5 million. These trades took place one day after the market declined amid concerns over the outlook for monetary policy. June 17 marked the conclusion of Federal Reserve Chair Kevin Warsh's first meeting, and stocks rebounded on June 18.
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NVIDIA Corporation (NVDA.US) is discussing potential cooperation with South Korean AI chip design company Rebellions, which may include technological collaboration, investment, or even an acquisition, Bloomberg, citing sources, reported.

NVIDIA CEO Jensen Huang reportedly met Rebellions co-founder and CEO Sunghyun Park in California this week and discussed potential partnership opportunities.

Previously, Rebellions had raised approximately USD850 million from investors including SK Hynix, Samsung Venture Investment and Arm Holdings plc (ARM.US). Its latest valuation was approximately USD2.3 billion.
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Google Cross-border E-commerce Acceleration Center (Guangzhou) has settled in Guangzhou International Finance Center (IFC) in Zhujiang New Town, Guangzhou, with an opening ceremony held yesterday (19th).

Supported by the Guangzhou Municipal Commerce Bureau, the Tianhe District People's Government and Yuexiu Group, the center will leverage Guangzhou's strengths in overseas expansion across industries such as intelligent manufacturing, gaming, fast fashion apparel, beauty and personal care, providing cross-border e-commerce enterprises with full-chain services including precise overseas marketing, international brand building, digital technology empowerment and global traffic matching.
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