RecodeX

📡 On-the-hour Briefing | 02:00-03:00

1. Nex-AGI launches the N2.5 intelligent agent series, with a parameter count of 1.6 trillion. The series includes three versions: Mini, Pro, and Max. Downloads for the Pro version have not yet been opened.

2. OpenAI’s CFO Sarah Friar says the company may achieve its annual revenue target of $1 billion, and discusses ChatGPT’s advertising strategy, describing it as a combination of Google and Meta.

3. Fintech startup Ramp is in early talks with investors for a new round of funding. The valuation is about $60 billion. It plans to raise roughly $1 billion, after a valuation of $44 billion just three months ago.

4. Iran’s joint military command, via state media, says that if Iranian vessels are attacked, it will strike hard at U.S. interests in the Middle East, further escalating regional tensions.

5. AI model hosting platform Hugging Face was hit by a hacker attack, raising concerns about AI supply-chain security. The attackers may have used compromised models to implant backdoors.

6. OpenAI announces it has overcome one of the millennium problems in mathematics. It did not disclose the specific problem or solution details, which is seen as a major breakthrough for AI in mathematical research.

7. OpenAI releases ChatGPT Images 2.5, reducing image generation latency by up to 50%. A new Sketch feature is added, allowing users to draw directly within ChatGPT.

8. The S&P 500 index falls to its intraday low point after reports of explosions heard in Iran’s Harlak region, boosting investors’ risk-averse sentiment.

📡 Hourly Update | 01:00-02:00

1. Apple’s official website shows that all configurations of the Apple Watch SE 3 are unavailable for purchase, or it may hint that the SE 4 could unexpectedly appear.

2. OpenAI denies that researchers or models have encountered prompt words used by Buckmaster and Alpöge, but admits investing millions of dollars in computing resources.

3. SpaceX’s weighting in the index has risen; it is expected to trigger about $12.4 billion in passive fund buying, facing roughly $2.3 billion worth of pressure from an estimated 2.3 billion shares becoming unblocked for sale.

4. Asset management firm Strive, founded by Vivek Ramaswamy, increased its holdings by 1,375 bitcoins last week, worth about $109 million, achieving more than 5% growth for the third consecutive week.

5. More than a dozen European countries announced trade bans on Israeli settlements in occupied territories, applying pressure on Israeli Prime Minister Benjamin Netanyahu.

6. Crypto hardware wallet maker Trezor disclosed that the data breach involving its logistics supplier ShipMonk has expanded in scope, with information for about 80,700 U.S. customers exposed.

7. AI startup Cognition completed a new round of financing exceeding $2 billion, with a valuation of $48 billion.

8. The U.S. Treasury auctioned $58.0 billion in three-year Treasury notes, with a winning yield of 4.474% and a bid-to-cover ratio of 2.72.

📡 Hourly News Update | 00:00-01:00

1. Samsung welcomes Apple’s foldable iPhone, but stresses that controlling weight is a challenge.

2. Google Chrome’s update cycle changes from once every four weeks to once every two weeks.

3. Irish regulators launch an investigation related to age verification and parental controls on the X platform.

4. Lonnie Bunch III, Secretary-General of the Smithsonian Institution, announces his resignation.

5. The BSC-chain token $SCI6900 plunges 76% within one hour, with its market cap dropping to about $166,000.

6. WhatsApp will offer native support for third-party AI agents, but only in private chats.

7. Bank of England Governor Bailey pushes back against expectations that rate hikes are inevitable, emphasizing policy flexibility.

8. Liquid Network is attacked; about 4,000 BTC are transferred out, and the hacker has returned 3,400.

📡 Startup & Investment Briefing | September 08

RecodeX reshapes the news. Today, the global financing market is active, with frequent large funding rounds across AI, aerospace, new energy, and healthcare. French AI company Mistral completed a €3.0 billion Series D round, valuing it at over €21 billion; U.S. space startup Stoke Space raised $1.0 billion; and Deep Intelligential Control, a physical AI company, secured several hundred million yuan B+ round funding led by CATL. In addition, multiple listed companies subscribed to AI funds under Leshi Capital, indicating sustained investor confidence in the AI sector.

🚀 Primary Market Financing

1. AIR, an AI safety startup, ended its stealth mode and raised $50 million in seed funding to build a platform for monitoring AI agent interaction ecosystems.

2. Hangzhou Jialiang Brain Science completed Series C and D rounds totaling several hundred million RMB. The Series C round was led by Qiming Venture Partners; the Series D involved participation from Sai Zhi Bole and others. Funds will be used for commercialization and international expansion of precision diagnosis and treatment products for brain diseases.

3. Deep Intelligential Control, a physical AI company, completed a B+ round raising several hundred million RMB, led by CATL with participation from Aramco Investment and others. Funds will be used for technical R&D and market expansion.

4. Weitu Medical completed a tens-of-millions RMB Pre-A round, exclusively invested by Bangqin Venture Capital. Funds will be used for AI imaging diagnosis R&D and overseas market expansion.

5. NavigateAI raised $25 million, with investors including Elad Gil, Khosla Ventures, and Lennar, to develop an AI co-pilot for construction workers.

6. Beijing Shikong Matrix Technology completed an RMB 100 million-level angel round, jointly led by DKVGC and Linge Venture Capital. Funds will be used for R&D of space AI compute technologies and validation of the “Star Ring Program.”

7. Quan Zhibo completed a B round totaling several hundred million RMB, jointly led by Yida Capital and Haitong Kaiyuan. Funds will be used for technical R&D, market expansion, and team building.

8. Fundly.ai completed a $4 million Pre-A round, led by Accel and Multiply Ventures, to expand digital services for India’s pharmaceutical supply chain.

9. French AI company Mistral completed a €3.0 billion Series D round, with post-money valuation of over €21 billion. Samsung Electronics led the investment. Funds will be used for compute infrastructure and AI model R&D.

10. Jingsheng Superconductors completed seed and angel rounds totaling nearly 100 million RMB, for R&D of high-temperature superconducting tape materials and capacity construction.

11. Yangzhou Boheng New Energy Materials completed several hundred million RMB in Series A funding. Investors include Huying Capital, CICC Capital, and others, with funds used for production line construction and R&D of new technologies.

12. Qishi Innovation completed a Series A multi-round fundraising totaling several hundred million RMB. Investors include Huawei Hubble and Dongzheng Capital, among others, with funds used for 3D reconstruction technology R&D and market promotion.

13. Qianjue Technology completed several hundred million RMB in an A+ round, with investments from Yuanhe Houshang and other institutions. Funds will be used for R&D of robotic intelligent infrastructure and scenario expansion.

14. Xiaoyu Smart Manufacturing completed a B3 round totaling several hundred million RMB. Investors include Blooming Star and others. Funds will be used for R&D and deployment of general embodied-intelligence robots.

15. i2Cool completed a tens-of-millions RMB B round, invested by Topus Capital. Funds will be used for building a production line for nanoparticle manufacturing and expanding globally.

16. Guangzhou Lemos Biomedical Technology completed nearly RMB 200 million B round funding. Citic Jian Investment led the investment. Funds will be used for capacity planning, R&D investment, and international expansion.

17. Chenxu Zhilian completed an RMB 16 million A round, exclusively led by China Jing Jin Holdings. Funds will be used to expand the campus IoT smart shared business.

18. Tellia completed a $5 million seed pre-financing round, led by Revent, for R&D of agricultural voice AI technology.

19. ARC Ride raised $33.30 million, to expand Africa’s electric transportation network and charging infrastructure.

20. BlissClub completed a ₹160 million B round, led by Singularity AMC, with funds for business expansion.

21. Stoke Space completed a $1.0 billion financing round, to expand production scale and upgrade the Nova rocket.

22. Crusoe Energy Systems completed more than $3.0 billion in financing, with a post-money valuation of $30 billion, for building data center and clean energy infrastructure.

23. AfaLong completed over RMB 100 million B round funding, led by Plum Blossom Venture Capital. Funds will be used for R&D of optoelectronic chips and expansion of mass-production sites.

24. Hope Care completed a €6 million A round, led by Iberis Capital, to expand Europe’s remote patient monitoring business.

25. Zichuang Smart Machinery completed tens of millions in funding. Investors include Yida Capital, etc., with funds used for model R&D in the engineering machinery industry.

26. Sorry Sugar completed a $1.0 million seed round, jointly led by the Dhanuka family and Amishi London, for expanding its business in India.

27. Kura Dynamics completed a NZ$4.65 million Pre-Seed round, jointly led by GD1 and Motion Capital, for onsite trials of geological hydrogen technology.

28. Forus completed a $150 million Series C round with a valuation of $3.0 billion. Bain Capital Ventures led the investment. Funds will be used to expand its healthcare automation business.

29. The Exploration Company completed a $450 million Series C round. Investors include Bessemer Venture Partners, etc., for advancing an orbital spacecraft project

…

📡 Daily News Briefing Overview | September 08

RecodeX’s message reconstruction shows that over the past 24 hours, geopolitical risk and AI infrastructure demand have driven the market. Oil prices are nearing $100 per barrel; copper has hit an all-time high. Expectations for Fed policy have been swinging. Financing by tech giants and valuation expansions by AI startups have proceeded in parallel, with price increases in memory chips feeding through to consumer electronics. The cryptocurrency market has been roiled by the Liquid hacker incident, ETF inflows, and regulatory developments. Bitcoin has stayed at elevated levels but faces pressure.

🌍 Geopolitics & Macro

1. Iran and the U.S. attack each other in retaliation; Saudi Aramco facilities were hit, pushing oil to a six-week high. Brent crude is at $97 per barrel.

2. A U.S. Navy SEAL team carried out a four-month covert operation in the Strait of Hormuz, searching for and detonating dozens of Iranian naval mines to help secure global oil supply routes.

3. The average U.S. gasoline price first surpassed $4 per gallon, a historic same-period high. Iran doubled fuel prices for over-quota consumption.

4. Lebanon’s Ministry of Public Health data shows that since October 8, 2023, Israeli attacks have killed 8,948 people in Lebanon and injured 30,638.

5. The total amount of U.S. Treasury debt has surpassed $40 trillion. Annual interest expenses have risen to $1.25 trillion, intensifying fiscal pressure.

6. In August, Japan spent nearly $100 billion to intervene in the currency market to support the yen. The USD/JPY rate fell from 160.39 to 154.50, with the yen appreciating 3.7% over three trading days.

🤖 AI & Technology

1. The Seattle Times and Newsday have sued OpenAI and Microsoft, alleging they used news reports to train AI models without permission.

2. Anthropic signed total compute power contracts worth $517 billion within 11 months, but still lags behind OpenAI’s plan to reach $750 billion by 2030.

3. Nvidia plans to invest $2.5 billion to $3.0 billion in a new round of financing for Thinking Machines Lab, whose pre-investment valuation is $40 billion.

4. Alibaba’s Qwen3.8-Max-0902 model topped Code Arena’s WebDev programming leaderboard for the first time, surpassing Claude Opus 5 Max.

5. AMD unveiled a new generation of chips, local AI models, and the Project Zenith platform during its IFA 2026 keynote, entering an agentic AI era.

6. French AI startup Mistral AI completed €3.0 billion in funding, with a post-investment valuation exceeding €21 billion. Samsung Electronics led the round. The company also plans to double the number of employees in Singapore to expand its Southeast Asia operations.

💻 Companies & Markets

1. MoomThreads’ share price saw a sharp single-day drop, with a market cap erosion of about 50 billion RMB, raising concerns about domestic GPU sector prospects.

2. Macrotec Medical listed on the Hong Kong Stock Exchange. The public offering was subscribed 436.37 times, and funds raised will be used to expand core business.

3. WaFd and EverBank Financial agreed to a $3.9 billion reverse merger transaction, expected to be completed in 2027.

4. After JPMorgan Chase announced its second-quarter results for Lululemon, it cut its target stock price by 38%.

5. Shenzhen Jiangbo Lun Electronics listed in Hong Kong, raising HK$7.08 billion, testing investors’ enthusiasm for AI supply-chain companies.

6. Alibaba plans to issue $10 billion in shares. ByteDance is seeking $30 billion in loans, reflecting a trend of large-scale financing by major Chinese tech firms.

₿ Cryptoassets

1. After Liquid patched a bridging vulnerability at Blockstream, the hacker returned 3,400 bitcoins, accounting for 85% of the total stolen amount. Nearly 600 bitcoins remain unrecovered.

2. Short-term holders of Bitcoin saw unrealized profits reach a record high of $9.07 billion at one point. Analysts say paper gains could increase selling pressure.

3. U.S. crypto exchange-traded funds attracted about $1.24 billion in net inflows during the week of August 31 to September 4, including $986.85 million from Bitcoin ETFs alone.

4. A rare $10,535% liquidation imbalance appeared in the XRP derivatives market. The price fell to $1.38, reflecting that illiquidity left longs badly hurt.

5. Bitwise submitted an amended Ethereum ETF application to the U.S. SEC, adding content related to a staking mechanism.

6. Visa said growth in its stablecoin-linked card business has been rapid. Related payment volume increased by about 200% versus the same period last year. Annualized payment volume has already exceeded $20 billion, more than 15 times last year’s figure.

📈 Markets & Policy

1. The probability that the Federal Reserve will keep interest rates unchanged in September is 39.6%; the probability of cumulative rate hikes of 25 basis points is 60.4%.

2. The MSCI emerging markets stock index rose 1.8%, reaching a closing high since June 25. South Korea’s Kospi surged nearly 5%.

3. Since February 2025, China has implemented export controls on indium phosphide. This has pushed the price of 6-inch wafers up by about 250% to nearly $5,000 per wafer.

4. The first batch of 18 actively managed ETFs—filed by 18 institutions including Huaxia Fund—are likely to launch fundraising in October.

5. Several large European mobile operators are in preliminary discussions to form a consortium and bid for EU satellite spectrum to provide direct-to-phone services.

6. Memory chip prices have recently jumped more than 100%. In Shenzhen’s Huaqiangbei market, phone prices moved up across the board; in some models, the maximum increase reached RMB 1,500.

Editor’s note: For the next cycle, watch: the progress on the Liquid network restart and the recovery of remaining bitcoins, and whether the U.S. Senate’s crypto market structure bill can make breakthroughs despite moral-terms disagreements.

📡 8-hour roundup | Sep 08, 16:00–24:00

RecodeX reworks messages: over the past 8 hours, developments in AI and the tech sector have been dense. Major players such as Google, OpenAI, and Meta have made important progress in areas including search, chips, and security. Energy and geopolitical risk have pushed oil prices higher, triggering a chain reaction in the market. Several companies have released earnings reports or financing updates, and capital markets have seen clear volatility.

🤖 AI & Technology

1. A PYMNTS report shows that in July, Google remained the most commonly used product discovery tool among Millennials, with a usage rate of 57%. ChatGPT surged to second place with a 41% share.

2. Google DeepMind has launched an AI tool that can learn DNA changes and human biology patterns to support disease treatment.

3. Google announced it will shorten the security patch and feature update cycle for the Chrome browser to once every two weeks, to respond to shifts in the security landscape brought by AI technologies.

4. Meta announced it will no longer use the extent to which engineers use AI tools as a performance evaluation criterion, reverting to a results-focused evaluation approach.

5. NetEase Youdao launched its first AI-native voice agent, “NetEase Bagege Talks,” supporting real-time translation in 124 languages, with data processed locally end-to-end.

💻 Chips & Hardware

1. Qualcomm and Amazon reached multi-generational collaboration to provide customized chips for AI data centers; the pre-market share price rose nearly 10%.

2. Intel’s shares rose 8.6% to $104.03, with a market cap of $549.9 billion, driven by production leadership in High-NA EUV lithography technology; shares of ASML and TSMC also rose by 3%.

3. SK hynix may announce a stock buyback of up to 40 trillion won in the fourth quarter, boosted by improving demand for AI memory chips.

4. Goldman Sachs kept its target for the Korea KOSPI at 12,000 points, arguing that the market underestimates the demand cycle for AI memory chips. It expects U.S. large tech companies’ capital expenditures to exceed $1.2 trillion next year.

🌍 Energy & Markets

1. International oil prices are nearing $100 per barrel due to tensions in the Middle East. Brent crude was $99.25; the governor of the Bank of England said energy prices could rise further.

2. Goldman Sachs raised its oil price forecast, warning that Middle East shipping attacks could push oil prices to $120 per barrel. HSBC sharply increased its Brent crude forecasts for the next two years, raising the 2026 average price to $90.

3. Copper prices surged to a record high of $14,694 per ton, while Freeport-McMoRan’s stock rose sharply.

4. Qatar’s second-quarter budget deficit reached 21.2 billion riyals (about $5.8 billion), the highest since end-2016, as natural gas revenue evaporated due to the conflict in the Strait of Hormuz.

5. Saudi Arabia’s August crude oil production and export volumes fell sharply. OPEC’s August daily production plunged by 900,000 barrels; Saudi exports dropped by one-third, affected by disruptions to the Strait of Hormuz and Red Sea shipping lanes.

📈 Companies & Capital

1. Stoke Space completed $1 billion in financing to expand production scale and upgrade its fully reusable Nova rocket. It plans a first Pathfinder launch in early 2027, with Nova Block 2 expected to lift off in 2029.

2. Figure AI filed for an IPO, intending to list on Nasdaq, with a valuation of about RMB 16.7 billion. Revenue in 2024 was RMB 119.5 million.

3. Canaan Technology released its 2026 Q2 earnings report, holding 1,915 bitcoins and 3,952 ether. It mined 243 bitcoins in the quarter and has repurchased about 16.4 million ADS.

4. EDRG (Jiangbo Long) listed on the Hong Kong Stock Exchange, raising HKD 6.8 billion. Its H-share price broke down on the first day, closing 36% below the A-share placing price.

5. GE Aerospace plans to acquire precision casting parts maker CPP for nearly $12 billion to strengthen the supply chain for aircraft engine.

🔐 Security & Regulation

1. Google warned that ransomware gangs are treating high-value AI data as attack targets, as companies are more willing to pay ransoms because they do not want their intellectual property exposed.

2. Meta failed to block about 350 AI-generated ads containing child sexual abuse content. Some used real children’s photos, and U.S. lawmakers will launch an investigation.

3. The EU’s AI Act officially entered into force, making AI literacy a legal obligation and requiring companies to ensure employees have relevant skills.

4. The Supreme People’s Procuratorate characterized the illegal operation of software for manipulating algorithmic trading as a new type of case; those involved were sentenced to seven years and nine months.

🔋 Energy & Nuclear

1. The U.S. Department of Energy provided a $1.9 billion loan to NextEra Energy to restart a nuclear power plant in Iowa; Google signed a 25-year power purchase agreement.

2. U.S. regulators approved a $1.9 billion loan to restart a nuclear reactor in Iowa, providing power for Google’s AI data centers.

3. Bluecore Energy completed $50 million in financing to advance its floating nuclear power station plan.

4. Quantinuum, a quantum computing company, received a $100 million grant from the U.S. Department of Commerce to develop domestic quantum computing chip and full-system manufacturing.

Editor’s observation: The intersection of AI and energy is becoming a focal point for capital and policy, but geopolitical risk and regulatory pressure still add uncertainty to the market.

📡 Top of the hour update | 22:00-23:00

1. Google DeepMind launches an AI tool that can learn changes in DNA and patterns in human biology, helping with disease treatment.

2. Strong performance in US chip stocks: Qualcomm is up nearly 6%, Intel up more than 7%, and ASML up nearly 4%. Corning, after signing a multi-billion-dollar fiber supply agreement with Verizon, is up more than 7.5%.

3. Copper prices have surged to a record high of $14,694 per ton. Freeport-McMoRan’s stock has risen sharply.

4. Qatar’s Q2 budget deficit reached 21.2 billion riyals (about $5.8 billion), the highest since late 2016, as the conflict in the Strait of Hormuz caused natural gas revenue to evaporate.

5. Saudi Arabia’s August crude oil production and export volumes fell significantly. OPEC’s August daily output dropped by 900,000 barrels. Saudi exports also fell by one-third, affected by disruptions in the Strait of Hormuz and the Red Sea shipping route.

6. Germany’s BASF unit trinamiX sues Apple, alleging that Face ID infringes seven patents. The case involves iPhone 15 to 17 models and multiple iPad Pro devices, seeking an injunction and damages.

7. The Supreme Procuratorate classifies the illegal operation of software that manipulates quantitative trading as a new-type case, and the individuals involved were sentenced to seven years and nine months.

8. Meta announced it will no longer use the extent to which engineers use AI tools as a performance evaluation metric, reverting to an assessment approach focused on tangible results.

📡 Hourly Bulletin | 21:00-22:00

1. Qualcomm and Amazon have reached a multi-generational partnership to provide customized chips for AI data centers, with the stock price rising nearly 10% before the bell.

2. OpenAI has over 1 billion weekly active users, serving 2.5 million enterprise customers, and plans to deploy an AI chip co-developed with Broadcom, Jalapeño, by the end of the year.

3. International oil prices are approaching $100 per barrel amid tensions in the Middle East. Brent crude is quoted at $99.25, and the Governor of the Bank of England said energy prices may rise further.

4. The U.S. Department of Energy has provided a $1.9 billion loan to NextEra Energy to restart the nuclear power plant in Iowa. Google has signed a 25-year power purchase agreement.

5. Bloom Energy, a fuel cell manufacturer, will be added to the S&P 500 on September 21. After the news was announced, the stock price jumped more than 6%. Its year-to-date gains are about 190%.

6. Longban Media is seeing another run: six consecutive trading days of limit-up and a further 9.12% gain on September 8. Its cumulative gain is about 93.47%. The stock will be suspended on September 9 for investigation and verification.

7. Data from China’s General Administration of Customs shows that in 2025, the number of companies with import and export records between China and other BRICS member countries first exceeded 300,000, with import and export volume totaling 7.47 trillion yuan, up 3.4% year over year.

8. The Exploration Company, a European space company, has completed a €387 million Series C funding round to advance development of its Nyx spacecraft.

📡 Hourly News Briefing | 20:00-21:00

1. Google warns that ransomware gangs are targeting high-value AI data as attack targets, because companies are more willing to pay ransoms than to have their intellectual property exposed.

2. Meta failed to block about 350 AI-generated ad entries containing child sexual abuse content, some using real children’s photos; U.S. lawmakers will launch an investigation.

3. Goldman Sachs maintains its target for the Korea KOSPI to reach 12,000 points, saying the market is underestimating the demand cycle for AI memory chips. It expects U.S. large tech companies’ capital expenditures to exceed $1.2 trillion next year.

4. The EU’s Artificial Intelligence Act officially takes effect, making AI literacy a legal obligation; companies must ensure employees have the relevant skills.

5. Intellia Therapeutics’ gene therapy receives FDA priority review status for treating hereditary angioedema, and the stock price surged.

6. Strategy did not add to its Bitcoin holdings last week. It repurchased $176 million worth of STRC and expanded its repurchase plan to $2.0 billion, holding 845,050 BTC.

7. SK hynix may announce a stock buyback of up to 400 trillion KRW in the fourth quarter, driven by the favorable outlook for AI memory chips.

8. U.S. regulators approved a $1.9 billion loan to restart a nuclear reactor in Iowa, providing power for Google’s AI data centers.

📡 Hourly News Brief | 19:00-20:00

1. Bluecore Energy completes a $50 million funding round, advancing its floating nuclear power plant project.

2. Great Wall Motor releases its next-generation, vehicle-level native AI intelligent operating system, Coffee AI OS 4.

3. Xinnuo Weike Science and Technology’s Science and Technology Innovation Board IPO offer price is 27.60 yuan per share; the online winning rate is 0.02202614%; the total fundraising amount is 1.803 billion yuan.

4. Quantum computing company Quantinuum receives a $100 million grant from the U.S. Department of Commerce to develop domestically made quantum computing chipsets and complete systems.

5. Nike has been removed from the S&P 100 Index after its market value declined by nearly 80% over five years.

6. GE Aerospace plans to acquire precision casting manufacturer CPP for nearly $12 billion to strengthen its aircraft engine supply chain.

7. OpenAI and Firmus sign a multi-year compute power agreement; Firmus’ total contracted capacity exceeds 900 megawatts.

8. Boston Scientific cuts its 2026 earnings guidance following a cybersecurity incident; its pre-market share price drops 4.1%.

📡 Hourly News Update | 18:00-19:00

1. California won a preliminary settlement of $2.1 billion in a children’s safety lawsuit against Meta, the highest share among all U.S. states and territories. The funds come from a settlement with Meta totaling up to $18 billion.

2. Wintermute reported that stronger-than-expected U.S. nonfarm data pushed September rate-hike expectations to nearly 60%. BTC briefly fell below $80,000, but still rose 3.45% for the week. Funds are rotating from stocks and gold into crypto assets.

3. Goldman Sachs raised its forecast for crude oil prices, warning that threats to Middle East shipping attacks could push oil prices to as high as $120 per barrel. HSBC significantly upgraded its forecasts for Brent crude over the current and next two years, raising the 2026 average price to $90.

4. Figure AI filed for an IPO, planning to list on Nasdaq. The valuation is about RMB 16.7 billion, with 2024 revenue of RMB 11.95 million.

5. Canaan Technology released its 2026 Q2 financial results, holding 1,915 bitcoins and 3,952 ether. In the quarter, it mined 243 bitcoins and has repurchased about 16.4 million ADS shares.

6. European benchmark natural gas futures rose by as much as 3.4% on Tuesday, hitting a three-year high.

7. Japan’s financial regulators are closely monitoring whether banks are managing risks arising from rising interest rates, involving business related to bond holdings, corporate loans, and ultra-long-term mortgages. Citigroup expects the Bank of Japan to raise its policy rate to 1.25%.

8. Jianghai Memory listed on the Hong Kong Stock Exchange, raising HKD 6.8 billion. On its first day of trading, the H shares fell below the issue price, and the closing price was 36% lower than the A-share placement price.

📡 Hourly Update | 16:00-17:00

1. PYMNTS reports that in July, Google remained the most commonly used product discovery tool among Millennials, with a usage rate of 57%, while ChatGPT rose to second place with a 41% share.

2. In August 2024, a group of young men allegedly carried out one of the biggest cryptocurrency thefts in history, tricking unsuspecting victims into stealing more than $240 million worth of Bitcoin; investigators have stepped in.

3. Xiaomi announced that it is opening an invitation-only test for the Xiaomi MiMo Desktop desktop client, which can read files, generate interactive interfaces, and autonomously control a computer’s browser.

4. Goldman Sachs reiterated a Buy rating for Nestlé, driving the stock price up by as much as 2.6%, with its year-to-date performance turning from negative to positive.

5. Sany Heavy Industry released its 1H 2026 results: revenue of approximately $7.89 billion, up 19.49% year over year, with overseas revenue accounting for 61.33%.

6. Alibaba will integrate its B2B business 1688 with Alibaba International, with overall operations handled by Zhang Kuo; Yu Yong, the former head of 1688, has been reassigned.

7. NetEase Youdao launched its first AI-native voice agent, “Youdao Bage Says,” supporting real-time translation in 124 languages, with data processed locally end to end.

8. Zimbabwe announced an immediate ban on the export of antimony and tungsten; Yemen’s Houthi forces said they would launch retaliatory strikes against Saudi Aramco and air bases.

📡 8-hour recap | Sep 08 08:00-16:00

RecodeX: Over the past 8 hours, demand for AI infrastructure and geopolitical risk have driven market sentiment. International oil prices and copper prices hit new highs in the current cycle. The Japanese yen and the South Korean won saw extreme volatility. Financing for tech giants and valuation expansions among AI startups have proceeded in parallel, while higher prices for memory chips have fed through to consumer electronics endpoints.

🤖 AI & Technology

1. French AI startup Mistral AI has completed a €3 billion financing round. Post-investment valuation exceeds €21 billion. Samsung Electronics led the round, and plans to double the number of employees in Singapore to expand business across Southeast Asia.

2. Alibaba Cloud, Cambricon, and Ant Group joined the PyTorch Foundation, advancing open-source AI technology stacks in Shanghai together with companies such as Huawei.

3. Tencent WeChat has open-sourced its multimodal embedding model WeMM-Embedding, which has already been deployed in WeChat’s recommendation and search systems.

4. OpenAI announced that ChatGPT Sites is entering a public beta. Users can generate interactive websites in 10–15 minutes using natural language or sketches.

5. Arm launched the CSS for Mobile 2 platform, integrating a Mali G2-Ultra NX GPU and a C2 CPU cluster, optimized for agent AI.

💰 Finance & Markets

1. Alibaba plans to issue $10 billion in stock. ByteDance is seeking a $30 billion loan, reflecting large-scale financing moves by major Chinese tech conglomerates.

2. Jiangbo Group (Jingboyong) has listed on the Hong Kong Stock Exchange. The stock opened below par, with the H-share discount versus A-shares of roughly 40%.

3. The first batch of eight three-month holding-period theme funds for the Beijing Stock Exchange has officially been approved. The funds involve eight fund managers, including Huaxia Fund, THTY (Harvest) Fund, and E Fund.

4. South Korean fashion e-commerce platform Musinsa has submitted an application for preliminary IPO review, seeking an estimated valuation of about $7.4 billion.

5. The Philippines’ SEC approved the IPO of Mynt, the operator of GCash. The maximum fundraise is about $1.6 billion, which could make it one of the largest listings in the country’s history.

⚡ Energy & Commodities

1. International oil prices surged. WTI broke above $93 per barrel, and Brent rose to above $98, driven by concerns after attacks on Saudi energy facilities and worries about tensions between the U.S. and Iran in the Strait of Hormuz.

2. Copper prices on the London Metal Exchange hit a record high. LME copper futures touched $14,533 per ton. Supply disruptions and demand tied to the transition to green energy have pushed copper prices higher.

3. Memory chip prices have jumped by more than 100% recently. In Shenzhen’s Huaqiangbei market, mobile phone prices rose across the board, with some models up as much as RMB 1,500.

4. Multiple mainstream phone brands have raised prices starting this month. Flagship models increased by several hundred to up to a thousand yuan, mainly due to rising supply-chain costs such as those for memory chips.

🌍 Geopolitics & Macro

1. The U.S. Navy SEALs carried out a four-month secret operation in the Strait of Hormuz, searching for and detonating dozens of Iranian naval mines to ensure the safety of global oil supply routes.

2. In Kyiv, early on the morning of the 8th, Russian forces launched ballistic missile strikes. Reports said there were multiple rounds of intense explosions. After Russia paused attacks for three days beforehand, strikes resumed.

3. Japan’s current account surplus for July came in at JPY 2.99 trillion, higher than market expectations. The yen strengthened to the 153 range versus the U.S. dollar, hitting a six-month high. Market expectations for a rate hike by the Bank of Japan increased.

4. The won-to-dollar exchange rate has recently climbed sharply. In July alone, it fell 8.09%, the largest monthly decline since 1990, casting a shadow over the profit outlook of Korean exporters.

🔗 Crypto & Web3

1. On the BSC chain, the Four.meme platform launched a new token, 4STONKS. Its market cap reached about $5.96 million one minute after launch. In one hour, it rose/fell by +1149.6%, with curve progress at 96.3%.

2. Arthur Hayes, co-founder of BitMEX, criticized the CLARITY Act, urged Trump to veto it, and said Bitcoin does not need that act.

3. Blockstream has deployed patched software, while the Liquid network remains paused. It recovered 3,400 bitcoins, but about 598 bitcoins are still missing.

4. Around $320 million worth of cryptocurrency was stolen, exposing weaknesses in decentralized system security safeguards and triggering discussions about custody and trading security mechanisms for crypto assets.

Editor’s note: The prosperity of AI infrastructure is intertwined with geopolitical uncertainty. The market is seeking balance between innovative narratives and risk pricing.

📡 Hourly News | 15:00-16:00

1. UK IT services provider Computacenter said that driven by strong demand for AI infrastructure, it expects full-year profits to be higher than market expectations.

2. Storage chip prices have recently surged by more than 100%. In Shenzhen Huaqiangbei, phone prices have risen across the board, and some models have seen maximum price increases of up to 1,500 yuan.

3. A Standard Chartered Bank survey shows that more ASEAN companies expect to be affected by geopolitical pressure, and believe no region can become a “safe hedge.” The bank projects that digital acceleration could add $280 billion to international trade each year by 2031.

4. Samsung SDI, LG Energy Solution, and SK On have released solid-state battery development timelines for humanoid robots, planning to launch them from 2027 to 2029. SNE forecasts that the robot battery market size will reach 138.3 GWh in 2040.

5. Tim Cook concluded his 15-year tenure as Apple CEO and moved to the role of Executive Chairman. During his tenure, his cumulative pre-tax compensation was approximately $2.397 billion. Apple’s market value grew by more than 1,300%. The newly appointed CEO, Ternus, has a target total compensation of $58 million for fiscal year 2027.

6. Market attention to the U.S. debt issue is intensifying. Long-term Treasury yields have continued to climb, approaching the key psychological level of 5%, raising concerns about equity valuations and financing costs.

7. The won to U.S. dollar exchange rate has recently strengthened sharply. In July, it fell by 8.09% month-on-month—its largest monthly decline since 1990—casting a shadow over the earnings outlook for Korea’s export companies.

8. About $320 million in cryptocurrency was stolen, exposing vulnerabilities in security protections for decentralized systems and sparking discussions about custody of crypto assets and trading security mechanisms.

📡 Hourly News Update | 14:00-15:00

1. International oil prices surged. WTI broke through $93 per barrel, and Brent rose above $98, driven by attacks on Saudi energy facilities and concerns about U.S.-Iran military tensions in the Strait of Hormuz.

2. TSMC plans to begin mass production using High-NA lithography for advanced-node chips starting in 2030, and aims to build a 12-inch mask pilot production line by 2031.

3. French AI company Mistral AI has completed a €3 billion funding round, with a post-investment valuation of over €21 billion, led by Samsung Electronics.

4. The price of Bitcoin slipped, nearing the $78,000 mark. Market pressure stems from expectations of Federal Reserve policy and rising oil prices.

5. On the BSC chain, the Four.meme platform launched a new token, 4STONKS. Its one-minute market cap was approximately $5.96 million. Over the past hour, it was up/down +1149.6%, with curve progress at 96.3%.

6. Korean fashion e-commerce platform Musinsa filed an initial application for IPO review, seeking an estimated valuation of about $7.4 billion.

7. LME copper futures hit a record high of $14,533 per metric ton. Supply disruptions and demand tied to the green energy transition are lifting copper prices.

8. OpenAI announced that ChatGPT Sites is now in public beta testing. Users can generate interactive websites in 10–15 minutes using natural language or sketches.

📡 Hourly News | 13:00-14:00

1. French AI startup Mistral raised €3 billion in a funding round led by Samsung, with a valuation exceeding €21 billion. The company also plans to double the number of its Singapore employees to expand its business in Southeast Asia.

2. Japan’s Finance Minister Shunichi Suzuki said he will stay closely in touch with the U.S. Treasury regarding the recent strengthening of the yen. The yen has broken through the 155 level, and market expectations of a rate hike by the Bank of Japan have strengthened.

3. On the BSC chain Four.meme platform, multiple tokens such as BUIDL and HODL ($BNH) hit a one-minute market cap of 5,910.5 BNB (about $4.43 million), with an hourly gain/loss of +826.8%.

4. Data from the CPCA shows that in August, exports of new energy passenger vehicles reached 518,000 units, up 154.7% year over year, down 5.0% month over month, with BYD leading in exports.

5. Food-sector stocks performed strongly. Jinjian Muyе industry had two consecutive daily limit-ups, and Dunhuang Seed Industry hit three consecutive daily limit-ups.

6. The first batch of eight theme funds with a three-month holding period listed on the BSE have been officially approved, involving eight fund managers including Huaxia Fund, Harvest Fund, and EFUND.

7. Russia’s Ministry of Defense reported that the Russian military launched a large-scale strike against Ukraine. In Kyiv, the attack has resulted in 2 deaths and 7 injuries.

8. Firmus Technologies, an Australian AI data center builder supported by NVIDIA, launched an ASX listing roadshow. Its valuation could reach up to $30 billion.

📡 Top-of-hour broadcast | 12:00-13:00

1. Ex-McKinsey trading advisor Daniel Csonth raised $4 million for his energy M&A AI tool startup.

2. BitMEX co-founder Arthur Hayes criticized the CLARITY Act, urged Trump to veto it, and said Bitcoin doesn’t need the bill.

3. On the BSC chain, the new coin “7Stock” by Flap.sh was launched; it had a market cap of about $186,000 after 18 minutes, with a 228.8% gain over 24 hours.

4. Airties launched the Aura agent AI engine for diagnosing and resolving network issues.

5. Comcast and A+E Global Media signed a multi-year agreement to manage content distribution using Comcast MediaExpress.

6. Huobi HTX updated its September proof of reserves: major asset reserve ratios were all above 100%, and it has disclosed them for 47 consecutive months.

7. In Hong Kong stocks this morning, the Hang Seng Index fell 0.266%, the Hang Seng Tech Index dropped 1.102%, and Zhipu fell 9.970%.

8. Blockstream has deployed patched software; the Liquid network is still paused. It recovered 3,400 Bitcoins, but about 598 are still unaccounted for.

📡 Hourly News Update | 11:00-12:00

1. China’s exports year-on-year grew 25% in August, driven by demand for AI infrastructure buildout. The data was released on the eve of the Trump–Xi Jinping meeting.

2. During the IPO of Suiyuan Technology, online investors abandoned their subscription for nearly 16,900 shares, which were then underwritten by the sponsor. Guangfa Securities’ alternative subsidiary directly held more than 2.8 million shares, making it the broker with the largest stake.

3. Quanzhibo completed a round B financing worth several hundred million yuan, jointly led by Yida Capital and Huitong Kaiyuan.

4. The rapid appreciation of the Japanese yen was driven by technical stop-loss actions and expectations of a rate hike by the Bank of Japan. Japan’s July nominal wage growth hit the highest level since 1997.

5. Arm launched the CSS for Mobile 2 platform, integrating the Mali G2-Ultra NX GPU and a C2 CPU cluster, optimized for agentic AI.

6. Changxin Memory and Yangtze Memory have purchased a sufficient number of DUV lithography machines from ASML to support their expansion plans for the next three years.

7. About 30 humanoid and quadruped robots demonstrated outside the Ministry of Digital Affairs in Warsaw, Poland, calling for regulation of AI and robotics technologies.

8. Several major mobile phone brands will raise prices starting this month. Flagship models will increase by several hundred to a thousand yuan, mainly due to rising supply-chain costs such as those of storage chips.

📡 On-the-hour Briefing | 10:00-11:00

1. Alibaba plans to issue $10 billion in shares, while ByteDance seeks a $30 billion loan, reflecting large-scale financing moves by China’s tech giants.

2. Apple is still exploring a foldable-screen Mac and iPad, but the touch keyboard design remains the biggest technical challenge.

3. Anthropic has abandoned its acquisition of DecartAI. It previously conducted due diligence for a deal valued at about $6 billion.

4. Jiangs Bo Long has listed on the Hong Kong Stock Exchange. It opened below par, and its H-shares are trading at an approximate 40% discount to their A-share counterparts.

5. Data from the General Administration of Customs shows that in the first eight months of this year, the total value of China’s import and export trade was 34.78 trillion yuan, up 17.6% year over year. Among this, exports in August grew 18.6% year over year, and imports grew 21.7%.

6. Copper prices on the London Metal Exchange hit a record high. International oil prices are approaching $100 per barrel, and most US stock index futures fell.

7. The Philippine SEC approved the IPO of Mynt, the operator of GCash. The offering could raise up to about $1.6 billion, which is expected to become one of the largest listings in the country’s history.

8. The rise in South Korea’s KOSPI index widened to 2%, SK Hynix gained more than 4%, and Samsung Electronics jumped by over 2%.

📡 Hourly News | 09:00-10:00

1. China Merchants Bank won a CNCF competition with its cloud-native AI platform, increasing accelerator utilization from 35% to over 60% and cutting inference costs by more than 60%.

2. Alibaba Cloud, Cambricon, and Ant Group joined the PyTorch Foundation, working with Huawei and others in Shanghai to promote the development of an open-source AI technology stack.

3. SanDisk released strong fourth-quarter results, signing a minimum $93.9 billion contract, but the upside potential for its stock price is only about 10%.

4. XPeng’s robot business production line officially began operations and has entered mass production; specific capacity and delivery timelines have not been disclosed.

5. DeepSeek plans to hire about 150 senior engineers, with roles covering areas such as backend development and Agent elastic computing R&D.

6. In the early hours of August 8, Russian ballistic missiles hit Kyiv, Ukraine. Reports said multiple strong explosions were heard; after Russia paused attacks for three days, they resumed.

7. A Reuters poll shows Trump’s net disapproval rate is nearly double that of the same period in 2018. It is becoming more difficult for the Republican Party to maintain its congressional majority.

8. Tencent WeChat has open-sourced its multimodal embedding model WeMM-Embedding, which has been deployed in WeChat recommendation and search systems.