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8/26
23:57
SoftBank is in talks to acquire a majority stake in humanoid robotics company 1X Technologies at a valuation of approximately $6 billion.
SoftBank is in talks to acquire a majority stake in humanoid robot developer 1X Technologies, valuing the deal at approximately $6 billion, according to sources familiar with the matter at The Information. Negotiations are ongoing, and terms could change. If the deal goes through, it would be SoftBank's most substantial bet in the humanoid robotics sector to date and would provide 1X with ample funding to advance the research, development, and commercialization of its soft robots for home environments. SoftBank CEO Masayoshi Son has explicitly stated that "physical AI is SoftBank's next frontier." Previously, OpenAI had also discussed a potential acquisition with 1X but ultimately did not proceed.
23:52
MiniMax announced its H1 2026 results: Revenue increased by 283% year-on-year to $116.6 million, and August ARR exceeded $800 million.
MiniMax released its H1 2026 results on August 26, with total revenue reaching $116.6 million, a year-on-year increase of 283%. Among this, revenue from the open platform and AI enterprise services was $73.9 million, a year-on-year increase of 703%, accounting for 63% of total revenue. The company's August Annual Recurring Revenue (ARR) has exceeded $800 million, significantly surpassing Jefferies' previous forecast of $580 million. Although the gross profit margin for the first half was under pressure at 17.9%, management expects an improvement in the second half. Both UBS and Jefferies maintained a "Buy" rating for MiniMax, with Jefferies raising its target price to HK$533.
23:45
Japan's Financial Services Agency (FSA) has registered Smartround Securities as a new trading platform, aiming to facilitate secondary market transactions for unlisted companies.
Japan's Financial Services Agency (FSA) has registered Smartround Securities as a brokerage for secondary market trading of unlisted stocks. This move aims to broaden Japan's private market and attract more investment into domestic startups. The platform will provide investors with a more efficient way to buy and sell shares, thereby facilitating the flow of capital to growth companies, and is expected to improve corporate governance and transparency for unlisted companies, ultimately enhancing the quality of Japan's IPO market.
23:30
NVIDIA has agreed to acquire open-source AI platform Hugging Face for $12.9 billion, aiming to hedge against closed-source AI threats and control core nodes of the open-source ecosystem.
According to The Information, NVIDIA agreed to acquire open-source AI platform Hugging Face for $12.9 billion on August 26, local time. This acquisition aims to hedge against the threat posed by closed-source AI giants like OpenAI developing their own chips, and to gain control over the distribution channels and technical intelligence of the open-source AI ecosystem. The Hugging Face platform hosts over 1 million community-contributed AI models and has over 18 million monthly active visitors. Just days before this deal, Stripe also acquired AI model routing platform OpenRouter for over $8 billion, highlighting that AI "middleware" infrastructure is becoming a core strategic target for large companies.
23:30
Chicago wheat hits three-year high on concerns Russia-Ukraine war escalation could disrupt supplies
23:24
Chinese AI company Z.ai shares surge over 8% after releasing new AI model GLM-5.3-Flash that it claims runs entirely on Chinese chips
The company stated it used 100,000 China-made chips to handle all online requests for GLM-5.3-Flash, which was stealth-launched globally a week ago on August 20 under the code name "Ox Alpha." The model ranked first by usage on the global OpenRouter platform last week. Z.ai's rival MiniMax also saw its shares climb around 3%.
23:22
Nvidia reportedly in talks to acquire open-source AI startup Hugging Face for over $13 billion
The Information reported late Wednesday that Nvidia had struck a $12.9 billion deal to acquire Hugging Face, a repository for open-source AI tools. Business Insider reported earlier in the evening that the parties had been holding talks over a deal that could value Hugging Face at north of $13 billion.
23:18
Taiwan Weighted Index rose 2.51% today, now at 46,302.28.
23:15
Qatar's Prime Minister visits Tehran, seeks to restart US-Iran talks and discuss Strait of Hormuz issue
Qatar's Foreign Ministry spokesperson announced on Wednesday that Prime Minister Sheikh Mohammed would visit Tehran on Thursday to discuss de-escalation with Iranian officials and create conditions for resuming dialogue between Iran and the United States. Iran also confirmed the visit. The visit comes as the conflict between the U.S. and Israel against Iran enters its sixth month, with no diplomatic breakthrough in sight. U.S. President Donald Trump stated on Wednesday that he was not in a hurry to resume negotiations, believing that both economic and military actions were effective. Iran's foreign minister, however, sent a letter to the United Nations, condemning the new U.S. sanctions as "acts of state and economic terrorism." The issue of passage through the Strait of Hormuz was also a key point of discussion, as oil flow through the strait has dropped to a three-month low. Previously, Oman's foreign minister and Pakistan's army chief of staff also visited Tehran in succession, seeking to resolve the conflict.
23:11
The Shanghai Composite Index rose 1.04% during the day, now at 3,930.05.
23:09
China's A-share STAR Market 50 Index rose over 3% during intraday trading, with optical communication and memory chip concept stocks collectively strengthening.
On August 27, A-shares fluctuated higher in early trading, with the STAR Market 50 Index rising over 3% during the session, and both the Shenzhen Component Index and ChiNext Index rising over 1%. Computing power hardware and chip semiconductor sectors led the gains, with concept stocks in optical communication, optical modules, HBM, optical circuit switches, and storage chips all surging. In terms of news, Dapu Micro previously announced on August August 26 that the company had signed a $515 million sales order for enterprise-grade PCIe SSDs with a client, and on August 24, it announced a net profit of 1.334 billion yuan for the first half of 2026, turning losses into gains.
23:04
South Korea's central bank raised its benchmark interest rate by 25 basis points to 3%, and significantly revised up its GDP growth forecast for 2026 to 3.3%.
The Bank of Korea announced on Thursday that it would raise its benchmark interest rate by 25 basis points to 3%, marking the second consecutive rate hike by the central bank to address stronger-than-expected economic growth momentum and persistent inflation pressures above target levels. This interest rate decision was not unanimous, with one of the seven monetary policy board members voting to keep rates unchanged. The central bank also maintained its CPI growth forecast for 2026 at 2.7% and noted that inflation would remain above the target level for a considerable period. Furthermore, the Bank of Korea specifically highlighted several financial stability risks, including continuous increases in housing prices in the Seoul metropolitan area, ongoing expansion of household debt, and an increase in leveraged stock investments.
23:01
Lookonchain monitoring: A new wallet deposited 5 million USDC to Hyperliquid and shorted approximately $20.33 million worth of ETH and $19.49 million worth of BTC with 20x leverage.
22:55
Wealthy Indians are increasing investments in overseas markets, driven by a weak rupee and limited domestic exposure to global themes.
22:52
Australia's Capex Drops in Q2 as Data Center Spending Hits Air Pocket
22:51
USAID report finds over 100 UNRWA employees participated in Hamas atrocities on Oct. 7
A USAID report has found that more than 100 employees of the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) participated in the Hamas atrocities on October 7, 2023.
22:34
KKR to pay record $250 million to settle with US Justice Department
Private equity firm KKR will pay a record $250 million to settle a U.S. Justice Department lawsuit over its acquisition filings. KKR stated that it strongly disagrees with the U.S. allegations and that its "conduct was in good faith."
22:34
Bank of Korea raises benchmark rate by 25 bps to 3% for second consecutive meeting, highest since January 2025
The Bank of Korea (BOK) raised its benchmark rate by 0.25 percentage point to 3% at its regular rate-setting meeting on Thursday, marking the highest level since January 2025. This is the central bank's second straight rate hike, aimed at curbing mounting inflationary pressure.
22:30
StarkWare says first quantum-resistant Bitcoin transaction successfully executed
Still, StarkWare says Bitcoin needs a protocol-level upgrade to make it fully safe from quantum computing threats.
22:20
NVIDIA's Q2 Revenue Reaches Record $9.62 Billion, Exceeding Analyst Expectations, Asian Stocks Mixed on Thursday
NVIDIA (Nvidia) announced record second-quarter revenue of $9.62 billion, exceeding analysts' expectations, with its earnings report and guidance setting the tone for Thursday's Asian stock market trading. As a result, Asian stock markets were mixed, with the initial boost from chip stocks somewhat diminished.
22:11
China's Akeso Says Its Cancer Drug Ivonescimab Outperformed AstraZeneca's Imfinzi in Phase 3 Trial for Biliary Tract Cancer
Chinese biopharmaceutical firm Akeso announced on Wednesday that its immunotherapy drug ivonescimab had outperformed AstraZeneca’s Imfinzi in a head-to-head phase-three trial for biliary tract cancer. Ivonescimab has already been licensed by the US firm Summit Therapeutics in a multibillion-dollar deal.
22:10
Taiwan's Powertech Technology plans to invest US$2.2 billion to build the world's first AI chip panel-level packaging factory, with production expected to begin as early as early 2027, potentially putting it ahead of TSMC.
Taiwan's Powertech Technology (PTI) announced plans to invest US$2.2 billion to establish the world's first AI chip panel-level packaging factory in Hsinchu, Taiwan, with production slated to begin as early as Q1 2027. This move aims to produce server CPUs, AI computing chips, and advanced optical devices, potentially giving PTI a lead over TSMC in next-generation AI chip packaging technology. AMD and Broadcom are likely to be among the first customers to adopt this technology.
22:05
India's Varroc developing rare earth-free EV magnet to cut China reliance
22:04
Profits of China's industrial enterprises above designated size increased by 17.6% year-on-year from January to July, with profits in the integrated circuit industry surging by 18.5 times.
According to data released by the National Bureau of Statistics of China on August 27, from January to July, the total profits of industrial enterprises above designated size nationwide reached 4,582.06 billion yuan, a year-on-year increase of 17.6%. Among these, driven by the accelerated expansion of "AI+" and the continuous growth in hashrate demand, the electronics industry's profits increased by 1.1 times year-on-year. The integrated circuit industry, represented by hashrate chips and storage chips, saw its profits surge by 18.5 times year-on-year, becoming a major support. Additionally, profits in high-tech manufacturing increased by 50.1% year-on-year.
22:00
China’s Industrial Profit Growth Slows to Weakest This Year
The slowdown marks the third straight month of deceleration, driven by a cooling economy that weighed on production and price gains.
21:59
Lookonchain monitors: Mysterious whale 0x6436 bought 387,952 $HYPE ($31.5M) in the past 2 days
The whale executed these purchases across Hyperliquid, OKX, Bybit, and Gate.
21:56
Australia’s Household Spending Surges Past Estimates in July
The rise provides further evidence of solid demand in the economy, even after three interest-rate rises earlier this year.
21:52
China's industrial profit growth in July slumps to 7-month low of 11.2%
China's industrial profit growth slowed to its weakest pace this year, expanding 11.2% from a year earlier in July, according to data released by the National Bureau of Statistics on Thursday. For the first seven months of 2026, profits climbed 17.6% year-on-year, losing momentum from the 18.7% rate seen in the first half of the year. The recovery in industrial corporate profitability this year has largely been supported by a global artificial intelligence boom.
21:41
Three pro-Israel Democrats have been elected to key positions on the U.S. House Foreign Affairs Committee.
Florida Representative Jared Moskowitz was appointed as the Democratic leader of the Middle East and North Africa Subcommittee, while Debbie Wasserman Schultz and Wesley Bell were appointed to the Oversight and Intelligence and Western Hemisphere Subcommittees, respectively. This move sparked a backlash within the Democratic Party, with critics arguing that it is out of touch with voters' growing divisions over US aid to Israel.
21:41
Syria's president makes first Visa payment, a day after US removed country from 'terrorism' list

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