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Today · 2026-08-11 · Tue

Cognition buys Windsurf a year and earns $500 million a year

Cognition announced the first year of the acquisition of Windsurf, with annualized revenue increasing from $73 million to over $500 million and the team increasing from 44 to 350. Over the past year, Cognition has introduced multiple self-study programming models and products such as Devin Desktop and Devin Review. Devin can now move multiple Devins and can automatically test, check and repair the code. The acquisition took only 72 hours, and Windsurf brought IDE products, millions of users and mature marketing teams。

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The bulk ship Luni sank in the Strait of Hormuz

A VIDEO FOOTAGE SHOWS THAT THE BULK CARGO VESSEL LUNI (IMO NO. 90707111) HAD A FRACTURED DRAGON BONE NEAR THE PORT OF ABBAS, WHICH EVENTUALLY BROKE IN TWO PIECES AND SANK IN THE SHALLOW SEA FLOOR OF THE ANCHORAGE NORTH OF THE STRAIT OF HORMUZ. THE LUNI SHIP IS 32 YEARS OLD AND HAS LONG EXCEEDED ITS NORMAL LENGTH OF SERVICE. THERE HAVE BEEN NO AUTHORITATIVE REPORTS OF SINKING, BUT THERE ARE RUMOURS THAT IT HAD COLLIDED WITH ANOTHER MERCHANT SHIP A FEW DAYS AGO, CAUSING DAMAGE TO THE HULL, WHICH SPREAD RAPIDLY AND EVENTUALLY LED TO A CATASTROPHIC ACCIDENT. IN ADDITION, THE FRACTURE OF A DRAGON BONE MAY BE THE RESULT OF A HEAVY TORPEDO ATTACK OR A RAPID SINKING ATTACK. BOTH METHODS OF ATTACK DETONATED LARGE EXPLOSIVE PAYLOADS BELOW THE CENTRAL PART OF THE VESSEL, FORCING IT TO EJECT AND FRACTURE. ALTHOUGH THE UNITED STATES FORCES HAVE BEEN CARRYING OUT HEAVY STRIKES IN THE AREA OF THE PORT OF ABBAS, NO KINETIC ATTACK ON THE LUNI HAS BEEN REPORTED. KIM XIAN

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First digital sovereign bond to be issued by the United Kingdom in early 2027

On 15 July, the United Kingdom plans to launch its first digital sovereign bond, DIGIT, in early 2027, and is expected to be the first G7 country to issue government debt on a distributed ledger infrastructure. The bond will be issued through the HSBC Orion platform in pound sterling and will operate in a digital sandbox of the British Central Bank and the Financial Conduct Regulatory Authority. This is intended to test the viability of the block chain infrastructure in terms of reducing settlement time, reducing reconciliation processes and reducing operational costs. The Governor of the British Central Bank, Andrew Bailey, said that the Bank would promote future market-operated collateral qualifications for the bond. Currently, the British Treasury has not disclosed details of the size, duration, interest rate, investor access conditions and settlement assets。

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A 3 PER CENT INCREASE AHEAD OF THE INTEL DRIVE REPORTED THAT ITS 18A PROCESS HAD IMPROVED TO 85 PER CENT

On 15 July, the Intel (INTC.US) rose by over 3 per cent, reporting $111.15. Intel's next-generation programming techniques, including 18A and 14A, have been excellent success, according to KeyBanc and FactSet reports. The Intel 18A process has improved from 65 per cent in the previous quarter to 85 per cent, after 90 per cent for the Plateau N2 process, but much more than the Tristar SF2 50-60 per cent. It is known that the Intel Twilight Industries have cooperated with AMD, Weida, Marvell, Microsoft, Migwang and OpenAI。

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"Ample Smart" Big Model has been filed with the phone side AI service

On 15 July, in order to promote the innovative development and normative application of AIS, the Web Office, together with the relevant departments, will carry out an orderly filing of AIS, as called for in the Interim Scheme for the Management of AIS, and a new section 7 entitled "Ample Intelligence" will now be announced to provide information on the AIS file on the side of a mobile phone. These include the Apple Smart, the Hua Tiny, the vivo Blue Heart, the millet and the Nubian Bean Pack model. Kim Xian

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LONG-TERM SCIENCE AND TECHNOLOGY: THE UNCERTAINTY OF AI DEVELOPMENT ON DRAM MARKET DEMAND

ON 15 JULY, IN RESPONSE TO PRUDENT EXPECTATIONS OF PERFORMANCE THROUGHOUT 2026, THE VICE-PRESIDENT OF CHANGCHENG SCIENCE AND TECHNOLOGY AND SECRETARY OF THE BOARD OF DIRECTORS, YUANWON, STATED THAT THE GROWTH IN PERFORMANCE SINCE THE SECOND HALF OF 2025 HAD INDEED BENEFITED FROM AN AI-DRIVEN OUTBREAK OF DEMAND FOR DRAM AND FROM TIGHT SUPPLY AND DEMAND IN THE INDUSTRY, BUT THAT THE DRAM INDUSTRY WAS HIGHLY PRO-CYCLICAL AND PRICE VOLATILITY AND THAT THERE WAS UNCERTAINTY ABOUT THE DRAM MARKET DEMAND IN AI DEVELOPMENT. COMPANIES WILL CONTINUE TO IMPROVE THEIR RESILIENCE TO CYCLES THROUGH TECHNOLOGY OVERLAY, PRODUCT OPTIMIZATION AND COST MANAGEMENT, BUT THEY WILL REMIND INVESTORS OF THE RISKS OF INDUSTRY FLUCTUATIONS. (CERTIFICATION REPORT)

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DHARMA WARNING: PEOPLE'S OPPOSITION TO THE AID DATA CENTER BOOM WILL AFFECT THE MARKET

On 15 July, Morgan Stanley ' s latest warning stated that popular opposition to the surge in artificial intelligence infrastructure (data centres) would affect the market. The Bank noted that projects valued at approximately $156 billion had been cancelled or extended in 2025, while projects valued at $130 billion had been affected in the first quarter of 2026 alone. According to the United Nations, “the resistance to future data centre construction will obviously have an impact on the timing and intensity of the capital expenditure cycle, either extending its duration or reducing total investment requirements”

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ECB Neger: paying close attention to the situation of energy prices in the Middle East adds to inflationary uncertainty

On 15 July, the ECB Board of Governors stated that the ECB was following the energy price trend closely after the renewed escalation of the Middle East conflict led to an increase in geopolitical uncertainty. He said that the past few weeks had been “filled with hope and disappointment”. The renewed outbreak of war between the United States and Iran underscores the fact that the current situation remains volatile. According to Neger: “The energy price trend is a key determinant of future inflation prospects. Monetary policy will continue to be highly vigilant.” The European Central Bank will convene a policy meeting from 22 to 23 July and will soon enter a quiet period before the Conference. It is generally expected that the bank will maintain interest rates at that time. However, investors still expect policymakers to raise interest rates again later this year to contain inflationary pressures triggered by the Iranian conflict. Neger stressed that, following a policy decision in June, borrowing costs were now at an “appropriate” level. He said: “From a monetary policy point of view, it remains wise to maintain a cautious response, but will also act decisively if necessary.” Kim Xian

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SAMSUNG HBM4 IS STILL KNOWN TO HAVE TAKEN AWAY SK HERCULES WITHOUT AN ORDER FROM INVERDA

According to Korean media Dealsite, citing semiconductor sources, Samsung electronics has not yet received a volume order for HBM4 chips from British Weidar. Currently, the income from this home-worker smart chip manufacturer is limited to the cost of testing samples. Previously, it was reported that the competitor, SK Hercules, had officially launched a 12-storey HBM4 volume of output for Inweida and that the product had entered the production and capacity-grading phase. Starting in September this year, SK Hercules will formally scale up HBM4 to fully meet the demand for high-end calculus chips from British Wida. Kim Xian

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