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Today · 2026-07-31 · Fri

HWANG IN-HOON'S OPEN LETTER OF SOLIDARITY WITH THE SCIENCE AND TECHNOLOGY BIG: AI NEEDS AN OPEN AND CLOSED-SOURCE MODEL FOR THE FUTURE

ON 24 JULY, 25 UNITED STATES TECHNOLOGY GIANTS SIGNED AN OPEN LETTER TO SUPPORT THE OPEN POWER WEIGHT AI MODEL. IN RESPONSE, THE NVDA.O CEO WONG SAID THAT INDUSTRIAL INTELLIGENCE WOULD CHANGE EVERY INDUSTRY, EMPOWER EVERY COMPANY AND BE BUILT IN EVERY COUNTRY. OPEN SOURCE MODELS ENHANCE SAFETY AND CYBERSECURITY, ACCELERATE INNOVATION AND DIFFUSION, AND ACHIEVE SOVEREIGNTY. THE WORLD NEEDS BOTH FRONT-LINE CLOSED-SOURCE MODELS AND FRONT-LINE OPEN-SOURCE MODELS. KIM XIAN

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TWENTY-FIVE TECH GIANTS SIGNED AN OPEN LETTER, AND THEY'RE WORKING ON AN OPEN WEIGHT AI MODEL

On 24 July, 25 United States technology companies, including IBM (IBM.N), Meta Platforms (META.O), NVDA.O, Microsoft (MSFT.O), signed an open letter calling for an open-power and weighting AI model. The open letter states that open source weight models are essential for a healthy AI ecosystem. The United States faces an open weight option in the area of artificial intelligence. It is true that there are real and unique risks to open weight models. In fact, however, openness may be one of the most important ways to achieve security and safety in AI. Relying on closed models alone is not safe: they can be broken, misused or rendered ineffective in an externally undetectable manner. Open weight models allow wider communities of researchers and developers to examine their behaviour, identify loopholes, develop protective measures and improve them over time. Kim Xian

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Philadelphia semiconductor index down 2%

ON 24 JULY, THE UNITED STATES STOCK MARKET'S SEMICONDUCTOR INDEX IN PHILADELPHIA DROPPED BY 2 PER CENT, REPORTING 12093.96 POINTS. AMONG THEM, THE SHARE PRICE OF BRITISH WEEDDA FELL BY 0.77 PER CENT, THE PRICE OF THE STOCK OF THE OIL AND ELECTRICITY STOCK FELL BY 1.48 PER CENT, THE PRICE OF THE JCI WENT DOWN BY 2.38 PER CENT, THE PRICE OF THE SK HERCULES WENT DOWN BY 5.42 PER CENT, THE PRICE OF THE U.S. LIGHT AND TECHNOLOGY WENT DOWN BY 4.43 PER CENT, THE PRICE OF THE SUPER-MASSIVE SEMICONDUCTOR WENT DOWN BY 0.92 PER CENT, THE PRICE OF THE ASMACK STOCK BY 1.42 PER CENT, THE PRICE OF THE INTEL STOCK BY 2.92 PER CENT, THE PRICE OF THE PANFOREST GROUP BY 1.51 PER CENT, THE PRICE OF THE ARM BY 1.66 PER CENT AND THE PRICE OF THE BRADY STOCK BY 4.49 PER CENT。

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UNITED STATES JULY STANDARD GLOBAL PRODUCTION PMI AT 53.8, LOWER THAN EXPECTED

ON 24 JULY, THE UNITED STATES STANDARD GLOBAL MANUFACTURING PRODUCTION PMI WAS EXPECTED TO HAVE AN OPENING VALUE OF 53.8 IN JULY, WITH AN EXPECTED 53.3 IN THE FORMER 53.9. THE UNITED STATES STANDARD GLOBAL SERVICE PMI INITIAL VALUE OF 53.6 IN JULY IS EXPECTED TO BE 51.5 AT AN EX. 51.2. THE UNITED STATES STANDARD GLOBAL INTEGRATED PMI INITIAL VALUE OF 53.6 IN JULY IS EXPECTED TO BE 51.8, EX. 51.9。

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A merchant ship near the Strait of Hormuz was attacked with 30 crew members

On 24 July, a sound recording of a ship's radio public channel, provided by a seaman, revealed that a merchant ship named Disha had sent an emergency distress signal stating that it had been hit by “unidentified projectiles” near the Strait of Hormuz, with 30 crew members. The recording shows that the merchant vessel Disha called as follows: “We were attacked by unidentified projectiles, and the cabin was smoked and in urgent need of immediate relief. We have 30 crew members on board." The ship ' s location was in the vicinity of the Strait of Hormuz. In another recording, a caller who was identified by the said seafarers as an American agent warned a merchant vessel named Raven that it “continues in the direction of Iran and has violated its requirements”. The shouters stated that “we are preparing to fire on your cabin” and asked the crew to evacuate the cabin within a limited time. The ship information indicates that the Lavin and Disha are the same vessel, which was renamed Disha in May this year。

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SEC in Thailand sued Bitkub and two former directors for the theft of $50 million of encrypted assets

On 24 July, SEC Thailand initiated criminal proceedings against Bitkub Online and two former directors, Sakolkorn Sakavee and Thaweesap Rawan, in the Economic Crime Suppression Branch on 23 July, alleging the theft of some 1.7 billion Thai baht (approximately $50 million) in a false daily net capital report to the regulatory authority between 10 May and 30 October of the same year, following the hacking of 2021. The two former directors were also accused of making false records in relevant corporate documents, which led the regulator to assume that the customer ' s assets were in normal custody and that Bitkub was not lost. In response, Bitkub stated that the incident had occurred about five years earlier when the persons concerned had chosen not to disclose stolen information in order to avoid a run-off, that the co-founder had purchased out of his own pocket the same number and type of digital assets to fill the gap, that the customer ' s assets had not been lost, and that the Thai SEC had confirmed the security of the customer ' s assets on 8 September 2025。

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Verizon and Google entered into over $1 billion of a dark fibre-optic protocol to provide connectivity to the AI data centre

On 24 July, the Chief Executive Officer of Verizon, Dan Schulman, a United States telecommunications operator, stated that the company had entered into an agreement with Google for a black fibre connection worth over $1 billion to provide network connectivity to Google data centres. Shulman indicated at a teleconference after Verizon released performance in the second quarter that the company was expected to announce other cooperation agreements by the end of the year and that the related transactions together would generate billions of dollars in revenue in the coming years。

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WONG IN-HOON SPOKE FOR THE FIRST TIME IN X: OPEN SOURCE MODELS ARE IMPORTANT FOR ARTIFICIAL INTELLIGENCE SECURITY, DIFFUSION OF INNOVATION AND TECHNOLOGICAL SOVEREIGNTY

THE UK CEO WONG IN-HOON HAS REGISTERED THE X PLATFORM ACCOUNT, AND THE UK OFFICIAL ACCOUNT NVIDIA AI HAS FOLLOWED IT. IN ITS FIRST COMMUNICATION, IT SHARED AN OPEN LETTER SIGNED BY BRITISH WIDA ON THE IMPORTANCE OF OPEN SOURCE MODELS. HE SAID THAT ARTIFICIAL INTELLIGENCE WOULD TRANSFORM INDUSTRIES, EMPOWER ENTERPRISES AND BE BUILT BY COUNTRIES. OPEN MODELS HELP TO ENHANCE SECURITY AND NETWORK SECURITY, ACCELERATE INNOVATION AND DIFFUSION, AND ACHIEVE TECHNOLOGICAL SOVEREIGNTY. THE WORLD NEEDS BOTH FRONT-LINE CLOSED-SOURCE MODELS AND FRONT-LINE OPEN-SOURCE MODELS。

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THE NEW RULES FOR THE LISTING OF HONG KONG LAW HAVENS ARE NOW IN FORCE: LOWER THRESHOLDS, LIBERALIZATION OF THE WVR, EXPANSION OF THE CONFIDENTIAL FORM

ON 24 JULY, ACCORDING TO THE FINANCIAL STATEMENTS OF HONG KONG, A SUMMARY OF THE RECOMMENDATIONS FOR IMPROVING THE COMPETITIVENESS OF HONG KONG ' S LISTING MECHANISMS WAS OFFICIALLY ISSUED BY HONG KONG TREASURY, AND THE REVISED LISTING RULES CAME INTO FORCE. THE MARKET VALUE THRESHOLD FOR DIFFERENT VOTING RIGHTS (WVR) STRUCTURES AND SECOND-LISTED APPLICANTS HAS BEEN REDUCED FROM HK$10 BILLION TO HK$6 BILLION, THE SHAREHOLDING REQUIREMENT FOR THE WVR STRUCTURE HAS BEEN EASED SIMULTANEOUSLY, AND THE CONFIDENTIAL LIST ELIGIBILITY HAS BEEN EXTENDED FROM SPECIFIC TYPES OF ENTERPRISES TO ALL NEW APPLICANTS. THE HONG KONG POLICE OFFICE INDICATED THAT THE CONSULTATION HAD RECEIVED 73 RESPONSES FROM VARIOUS SECTORS OF THE MARKET, AND THAT THE RECOMMENDATIONS WOULD BE FULLY ADOPTED, WITH SOME MINOR AMENDMENTS. ACCORDING TO CHEN ZHIHUA, PRESIDENT OF THE HONG KONG SECURITIES AND FUTURES PROFESSIONAL ASSOCIATION, THIS REFORM IS ONE OF THE MOST OUTSTANDING REFORMS OF THE HONG KONG LISTING MECHANISM IN THE LAST DECADE。

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Morgan Stanley: Investors now seem to be full of spending plans for Intel. Hot

ON 24 JULY, MORGAN STANLEY INDICATED THAT INTEL WAS EXPECTED TO INCREASE TOTAL CAPITAL EXPENDITURE THIS YEAR FROM APPROXIMATELY $15 BILLION TO $20 BILLION, AND THAT THE COMPANY WAS EXPECTED TO SPEND SIGNIFICANTLY ABOVE THAT LEVEL NEXT YEAR. MORGAN STANLEY ' S ANALYSTS PROJECTED CAPITAL EXPENDITURE OF APPROXIMATELY $30 BILLION FOR THE 2027 FISCAL YEAR. “WE EXPECT THAT THE ENTHUSIASM OF INVESTORS FOR SUCH EXPENDITURES WILL DEPEND ENTIRELY ON THE ENTHUSIASM FOR THE LONG-TERM PROSPECTS FOR THESE INVESTMENTS”, THEY SAY IN THE STUDY. INTEL WILL BENEFIT FROM THE DYNAMIC DEVELOPMENT OF AI TECHNOLOGY, WHICH RELIES ON THE COMPANY ' S GOOD CPU. “THE NARRATIVES IN THE SERVER FIELD DID SUPPORT SOME GROWTH,” MORGAN STANLEY'S ANALYST SAID. “BUT THE PROSPECTS OF A SERVER'S PROFITABILITY DEPEND, AT LEAST TO A CERTAIN EXTENT, ON MAINTAINING A SHORTAGE, BECAUSE SUFFICIENT SUPPLY OF CPUS COULD LEAD TO SOME MARKET SHARE LOSS AND PRICE DECLINE.” KIM XIAN

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The U.S. stock has been rising and falling

The index rose by 0.1 per cent and fell by 0.2 per cent. Intel fell by about 1 per cent, and the company Q2 company increased its revenue by 25 per cent, significantly exceeding expectations, guiding the increase. Amkor rose by about 6 per cent, and British Wida signed a $1.5 billion chip sealing agreement with Amkor. The stock of the chips fell by about 4 per cent for SK Hercules, about 5 per cent for Moody, about 4 per cent for American light technology, about 5 per cent for Western data and about 4 per cent for Hightech. American Express fell by about 6 per cent, the largest decline since February, following the second-quarter financial disclosure by companies。

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Hyperliquid buys back and destroys 13,087 thousand hypes this week at an average value of approximately $7.65 million. Dollar

Hyperliquid issued a Friday-week business update, which showed that in the past seven days, the agreement aid fund had cumulatively completed 13.08 million HYPE buy-backs destroyed at a market value of approximately $7.65 million; the current buy-back weighted averaged US$ 58.45, with a total of 13.08.7 million HYPE coins permanently removed from the circulation supply this week。

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