AI / Large Models

DeepSeek Restarts Grayscale Testing, Capabilities Exposed to Exceed Last Time

On the afternoon of August 19, DeepSeek was reported to have restarted grayscale testing, with the community claiming its capabilities exceed the last gray test. Zhihu's popularity exceeds 1.54 million, and market expectations for the actual performance of the next generation of models have been raised again.

> Sharp Comment: DeepSeek's grayscale tests feel like it's secretly brushing up on subjects, only to find out how well it did when the official version is released.

Source: Zhihu

MIT Discovers GPT-4 Not Only Lies but Also Rebuts Humans

MIT research points out that GPT-4 does not simply fabricate when it makes mistakes; it also "rebuts." This is trickier than mere hallucinations, indicating that the model may increase new antagonism on the wrong path.

> Sharp Comment: Even GPT-4 has started to rebut, the first ability of AGI might be teenage rebellion.

Source: r/artificial

Cryptocurrency / Web3

Binance Will Delist ICX, SCRT, STORJ on September 3

The market value of the three tokens has fallen below 22 million USD, and liquidity shrinkage is the main reason for delisting. Holders need to process their positions before the deadline, or they may face deeper liquidity discounts.

> Sharp Comment: Old coins being delisted feels like cleaning out old trophies from the attic— the trophies are still there, but the competitions are long forgotten.

Source: Binance

Trump Promotes Cryptocurrency Bill, Bitcoin Reaches Highest High Since March, HYPE Rises 20%

The US dollar index fell to a three-month low, and Bitcoin rose to its highest level since March. Trump is pushing Congress to pass a cryptocurrency bill and met with industry executives; CoinTelegraph reports that Hyperliquid rose 20% in one day due to the potential for a legitimate pathway in the US.

Source: FirstSquawk | CoinTelegraph

BitGo Korea Obtains South Korea VASP Registration, First for Foreign Cryptocurrency Company

The South Korean Financial Intelligence Agency accepted BitGo Korea's registration as a Virtual Asset Service Provider, making it the first directly approved foreign cryptocurrency company's local subsidiary. This means foreign institutions now have a new channel for custody in the South Korean market.

Source: WuBlockchain

Technology Companies

OpenRouter Joins Stripe

OpenRouter announced its joining of Stripe, with 880 discussions on Hacker News. TechCrunch points out that it's not because of "singularity," but rather that the AI inference API gateway being acquired by the payment giant indicates that the API economy is being taken over by mainstream financial infrastructure.

> Sharp Comment: It's not because of AGI awakening; Stripe wants to set up a toll booth for AI traffic.

Source: OpenRouter | TechCrunch

Google Stops Pushing Certain Android Source Code Git Tags

Google has stopped pushing Git tags for certain Android source code, directly affecting developers tracking versions and independent builds. GrapheneOS believes this makes security audits more difficult, resulting in a strong reaction from the open-source community.

Source: GrapheneOS

Microsoft Is Hiring "AI-Savvy Lawyers," with a Salary Up to Nearly $280,000

Microsoft is heavily recruiting a Chief Legal Engineer who understands both AI and law. This reflects that AI compliance pressure is becoming a necessary expenditure for technology companies.

Source: IT Home

Chips / Hardware

Huawei Releases the World's First Wide Tablet Phone, Expected to Feature Kirin 9030S

Huawei showcased a wide tablet phone at the launch event, expected for the Pura X View to feature the Kirin 9030S. Together with Apple, they are making smartphones "wider," with competition in form factors shifting from foldable screens to new aspect ratios.

Source: IT Home | Zhihu

Samsung's Chip Foundry Prices Rise Up to 15%

Reports say that Samsung has raised chip foundry prices by up to 15%. This will further increase costs for chip design companies; against the backdrop of strong demand for AI computing power, the price increase may be passed on to end products.

Source: Golden Ten Data

US Stocks

Alibaba Q2 Revenue Up 9% YoY Slightly Exceeding Expectations, AI Investment Boosts Capital Expenditure

Alibaba's revenue slightly exceeded expectations, but AI infrastructure investment boosted capital expenditure, and free cash flow net outflow widened to 44.7 billion. Cloud and AI are entering a phase of "no expense spared" investment.

Source: Wall Street Insights

OpenAI CFO: The Company Will Go Public by 2027 or Sooner

If realized, this would be a landmark event for the capitalization of AI unicorns. Market expectations have placed a very high valuation on OpenAI, and the IPO timeline faces a balance between profits and heavy investments.

Source: Golden Ten Data

Finance / Macroeconomics

Federal Reserve Minutes: Several Officials State Rate Hikes Needed if Inflation Does Not Decrease, Discuss AI Overvaluation and Treasury Market Volatility

The minutes show that "several" officials believe that rate hikes are necessary if inflation does not decrease, while "most" still expect inflation to gradually recede. Attendees also discussed the high valuation of AI-related companies and the risks of volatility in the Treasury market, implying that concerns over monetary policy and AI bubbles are being brought to the forefront simultaneously for the first time.

Source: Golden Ten Data

Spot Gold Surpasses $4500, US Treasury Plans to Double Buyback Volume

The US dollar index plummeted, and spot gold surpassed $4500 for the first time since June 4, while silver rose over 5%. The US Treasury plans to expand the buyback volume to $4 billion to curb the rapid rise in Treasury yields.

Source: Golden Ten Data

New Products / New Trends

“Black Myth: Wukong” Releases 15-Minute Real Machine Demonstration

Zhihu's popularity exceeds 24 million, and the real machine demonstration has become a focal point of discussion. The high popularity of the domestic 3A IP sequel shows that purchasing power and attention in content consumption are still concentrated.

Source: Zhihu

CFTC Seeks Public Opinion on Launching Computing Power Derivative Contracts

The US Commodity Futures Trading Commission is soliciting opinions on launching computing power derivative contracts. Computing power may become a financial asset similar to commodities, further connecting AI and cryptocurrency through “computing power financialization.”

Source: CFTC

Today's Underlying Trend

AI is transitioning from model competition to the "financialization" stage: DeepSeek is starting grayscale releases, OpenAI is advancing its IPO schedule, Alibaba is increasing its AI capital expenditure, OpenRouter has been acquired by Stripe, and even the CFTC is beginning discussions on computing power derivatives. Meanwhile, the Federal Reserve minutes highlight concerns over AI overvaluation and Treasury market volatility, as the US dollar weakens, gold reaches new highs, and Bitcoin rebounds; the market is voting with its feet: unwilling to miss out on AI while beginning to hedge against debt and liquidity risks. Speculation and risk aversion seem contradictory but are tied together by the thread of "computing power assetization."