News from Coin World: According to IT Home, the Google DeepMind team has stopped developing frontier models and instead is focusing on Flash-level models with higher cost-effectiveness. As the reorganization moves forward, the Google DeepMind team faces layoffs of up to 33.3% or higher, mainly streamlining redundant personnel who were hired for algorithm-related positions but were not actually doing algorithm work. Alphabet announced the reorganization of Google DeepMind on August 5; Hassabis stepped down as CEO to become Chairman.