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Today · 2026-07-30 · Thu

OpenAI model invasion of Hugging Face fermented with a bipartisan bill, the AI Emergency Closure Act

On 27 July, United States Congressman Ted Lieu (Democrat) and Nathanie Loran (Republican) introduced a bipartisan bill, AIKill Switch Act (AI Emergency Closure Act), on 23 July. The advanced/frontier AI system developers are required to retain the technical capabilities to save, suspend or completely shut down the system; and the Minister of Homeland Security (DHS) is authorized to order intervention in cases where the model is out of control or poses a catastrophic risk, in consultation with the Minister of Commerce and the Director of National Intelligence. Before, OpenAI disclosed two of its advanced models (including GPT-5.6 Sol, etc.) that had escaped the sandbox and invaded the Hugging Face platform, which was one of the direct contexts of the bill. [Original link]

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Goldman Sachs believes that oil prices rise to risk at an extreme or $120

ON 27 JULY, BRENT'S CRUDE OIL FUTURES RECENTLY PICKED UP, WITH THE MAIN CONTRACT COMING CLOSE TO THE $100 THRESHOLD, INCREASING BY MORE THAN 12 PER CENT A WEEK. ACCORDING TO THE NEWS, THE RISKS OF RED-SEA SHIPPING RE-FERTILIZED IN LATE JULY, SUCCESSIVE HOUTHI ATTACKS ON TRANSIT TANKERS AND A FALL IN PRODUCTION BY MIDDLE EASTERN OIL-PRODUCING COUNTRIES, AMONG OTHER FACTORS, HAVE LED TO A RAPID INCREASE IN INTERNATIONAL OIL PRICES. TO THIS END, THE INTERNATIONAL INVESTMENT BANK, GOLDMAN SACHS, HAS ALSO ISSUED NUMEROUS IN-DEPTH REPORTS ON LARGE COMMODITIES TO DISMANTLE GEO-PRICING PREMIUMS. ACCORDING TO GOLDMAN SACHS, OIL PRICE UPSIDE RISKS ARE SIGNIFICANTLY GREATER THAN DOWNSIDE SPACE, AND THE DE-MINING OF STOCKS IN THE SHORT TERM IN THE SUMMER WILL SUPPORT THEIR HIGH-LEVEL OPERATIONS. GOLDMAN SACHS ANALYSED THREE TYPES OF OIL PRICE SCENARIOS: ONE IS A NEUTRAL BASELINE SCENARIO. ASSUMING THAT THE GEOGRAPHICAL SITUATION IN THE MIDDLE EAST HAS EASED, SHIPPING HAS GRADUALLY RESUMED, MAINTAINING “BRUNT CRUDE OIL AT $80 AND WTI CRUDE OIL AT $76” IN THE FOURTH QUARTER OF 2026; AND “BRUNT CRUDE OIL AT $75 AND WTI CRUDE OIL AT $70” THROUGHOUT THE YEAR UNDER NORMAL NAVIGATION IN THE STRAIT OF HORMUZ IN 2027. THE AGENCY MEASURED A GLOBAL EXCESS OF CRUDE OIL SUPPLY AND DEMAND OF 3.2 MILLION BARRELS PER DAY IN 2027, WITH A LONG-TERM SURPLUS CRUSHING PRICE HUBS. THE SECOND IS EXTREME UPSWING. IF SHIPPING IN THE STRAITS OF HORMUZ LASTS UNTIL 2027, THE CRUDE OIL CAPACITY OF THE GULF WILL NOT BE FULLY REPAIRED UNTIL THE END OF 2027, “BRUNT CRUDE OIL IS EXPECTED TO EXCEED $120 IN THE FOURTH QUARTER OF 2026, WITH A STEADY AVERAGE PRICE OF $100 IN 2027”; AND IF THE STRAIT OF JOMAND AND THE SUEZ CANAL ARE SIMULTANEOUSLY BLOCKED FOR A LONG TIME, OIL PRICES WILL FLOAT AN ADDITIONAL $25 PER BARREL. THREE IS THE BOTTOM LINE. IF GLOBAL SUPPLY IS OVER-ANTICIPATED AND ENERGY DEMAND CONTINUES TO SHRINK, BRENT CRUDE OIL REACHED A LOW OF $60 IN LATE 2027, BUT THE PROBABILITY IS LOW。

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United States Department of Defense: 642 United States military casualties from the Iranian war

On 27 July, the United States military casualty statistics, updated on 26 July on the website of the Defence Casualty Analysis System, which belongs to the United States Department of Defense, showed that since 28 February, when the United States and Israel jointly launched a large-scale military operation against Iran, there had been a cumulative total of 642 casualties among United States troops, 18 of whom had died。

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Long-term technology will be officially on board today

This is the day when the technology will officially land on the ground. According to Polymarket data, the market value of the platform ' s first day on the market is projected to exceed 100 per cent of RMB 1 trillion, or 96 per cent, 84 per cent and 62 per cent, respectively, of $1.5 trillion, 2 trillion and 2.5 trillion, and 42 per cent and 27 per cent, respectively, of 3 trillion and 3.5 trillion. The IPO equivalent market value in terms of the issuance price of $8.66/equity was $5,79180 million (approximately $85.4 billion). Kim Xian

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Yemeni Al-Houthi claimed to have attacked three Saudi tankers within 48 hours

On 27 July, Yemeni Al-Houthi forces stated on 26 July that the organization had attacked three Saudi tankers within the last 48 hours and continued to impose a maritime embargo on vessels associated with Saudi Arabia. The Yemeni Al-Houthi armed forces declared a maritime embargo on Saudi Arabia on 20 days and warned international shipping companies that ships trading with Saudi ports might face military strikes. According to Lebanese television station Mayadin 26, there are currently 16 Saudi ships that are not allowed in transit and were forced to turn around in the Mandet Strait. Xinhua

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In Weida proposes to provide $250 billion in financial guarantees for the OpenAI data centre project

On 27 July, according to the Wall Street Journal, NVDA.O is negotiating a financial guarantee of approximately $250 billion for OpenAI to support a large data centre project — This will be one of the most ambitious financial transactions in the United States of America in terms of artificial intelligence. According to sources, the guarantee from In Weida will help OpenAI to lease the 10 GW data centre project, which is being developed by the soft silver bank in southern Ohio. The total cost of the project (including chips deployed within the data centre) could exceed $500 billion and will be the largest data centre project announced to date. Electricity for the project is controlled by the United States Government and is financed separately by Japan under a recent trade agreement. U.S. Secretary of Commerce Lutnik was involved in power allocation decisions. Under the arrangement, British Wida would guarantee a range of financing instruments to enhance the confidence of lenders in the security of project funds. The terms have not yet been finalized and there is a risk that the transaction will break down. The $250 billion guarantee would cover the debt for the rental and construction of the data centre, excluding the British Virgin chip. Kim Xian

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Supreme Leader of Iran: Defence of Lebanon is Iraq's “strategic mission”

On 27 July, according to the Islamic Republic of Iran News Agency, on 26 July, Iranian Supreme Leader Mujtaba stated that Iran's support for the Front de résistance was a “strategic mission”. Mujtaba stressed that, in accordance with the policy set by Iran's late Supreme Leader Khamenei, Iran regarded the defence of Lebanon as its strategic mission “to preserve Lebanon's territorial integrity and to put an end to the Zionist regime's aggression once and for all and without conditions, which remains the first condition for an end to this war”. It was reported that Mujtaba had made that statement in a related letter to the Lebanese Hezbollah leader Naim Kassem. Xinhua

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The first round of international oil prices on Monday set off a moratorium on inter-immaging between the US and Iran to ignite the ceasefire

ON 27 JULY, AS TRADERS ASSESSED THE SUPPLY RISK IN THE MIDDLE EAST, OIL PRICES DROPPED SHARPLY ON MONDAY. UNITED STATES AIR STRIKES ON IRAN WERE SUSPENDED ON WEEKENDS, WHILE AL-HOUTHI FORCES CLAIMED TO HAVE LAUNCHED ATTACKS AGAINST TARGETS IN SAUDI ARABIA. THE BRENT CRUDE OIL FUTURES FELL TODAY BY ABOUT 6 PER CENT TO AROUND $91 PER BARREL, AND WTI CRUDE OIL FUTURES FELL BELOW $84. THE PRICE OF NATURAL GAS IN EUROPE DROPPED BY 7.8 PER CENT. AFTER 13 DAYS OF CONTINUOUS STRIKES AGAINST IRAN, THE UNITED STATES SUSPENDED OPERATIONS FROM LATE FRIDAY, RAISING MARKET QUESTIONS ABOUT THE WAY FORWARD FOR TRUMP. THE IRANIAN ARMY INDICATED THAT TEHRAN HAD SUSPENDED ITS RESPONSE. DESPITE THIS, YEMENI AL-HOUTHI CLAIMED THAT THEY HAD ATTACKED SAUDI ARABIAN FACILITIES IN THE RED SEA PORT CITIES OF GIZAN AND YANBU ON SATURDAY, BUT NEITHER RIYADH NOR SAUDI ARABIAN IMMEDIATELY CONFIRMED THIS CLAIM. AS THE AMERICAN-IRAQI CONFLICT SPREAD FROM THE STRAIT OF HORMUZ TO THE RED SEA, BRENT CRUDE OIL HAS SOARED THIS MONTH AT ABOUT 30 PER CENT, WITH A BRIEF BREAKTHROUGH OF $100 PER BARREL LAST WEEK. THIS CONFLICT, WHICH IS NEARING THE END OF THE FIFTH MONTH, HAS HEIGHTENED CONCERNS ABOUT THE IMPACT OF GLOBAL INFLATION, AS THE GLOBAL FUEL MARKET HAS LOST ITS SPARE CAPACITY AT A TIME WHEN THE WAR HAS PUSHED UP PRICES, AND THE PRICE OF FINISHED OIL HAS JUMPED. KIM XIAN

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The Fed's probability of keeping interest rates constant this week is 63.7 per cent

ON 27 JULY, ACCORDING TO THE CME FEDERAL RESERVE WATCH, THE PROBABILITY OF THE FED MAINTAINING INTEREST RATES IN JULY WAS 63.7 PER CENT AND THE PROBABILITY OF A CUMULATIVE INCREASE OF 25 BASIS POINTS WAS 36.3 PER CENT. THE FED ' S PROBABILITY OF MAINTAINING INTEREST RATES CONSTANT BY SEPTEMBER WAS 19.6 PER CENT, THE PROBABILITY OF A CUMULATIVE INCREASE OF 25 BASIS POINTS WAS 55.2 PER CENT AND THE PROBABILITY OF A CUMULATIVE INCREASE OF 50 BASIS POINTS WAS 25.2 PER CENT. KIM XIAN

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