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According to Jinshi News, the European Union has launched a tender today, planning to establish up to 7 artificial intelligence super factories in Europe, which is an important initiative to promote technological autonomy in Europe. The plan is led by the industry and has received up to 10 billion euros in funding support, expected to leverage at least 20 billion euros in private investment.AI super factories will provide infrastructure for various enterprises and institutions, integrating advanced AI processors, software, and cloud technology, further strengthening Europe's leadership position in the technology sector.

Arm released its financial report for the first quarter of fiscal year 2027, with revenue of $1.29 billion, a year-on-year increase of 22%, exceeding the market expectation of $1.26 billion; adjusted earnings per share of $0.45, a year-on-year increase of 29%, surpassing the expected $0.40; adjusted net profit of $480 million, a year-on-year increase of 28%. Licensing revenue was $574 million, a year-on-year increase of 23%; royalty revenue was $715 million, a year-on-year increase of 22%, with data center royalty revenue more than doubling year-on-year.The AI and data center business is showing strong momentum. Since the launch of the Arm AGI CPU in March, customer demand has grown from an initial expected order of about $1 billion to over $2 billion. Cumulative shipments of Arm Neoverse data center processors have exceeded 1.5 billion cores, with the latest 500 million completed in just 9 months. NVIDIA Vera has fully entered production, and AWS has reached a multi-year agreement with Meta to deploy tens of millions of Graviton5 cores. Qualcomm announced plans to launch the Arm-based data center CPU Dragonfly C1000.Revenue guidance for the second quarter is approximately $1.38 billion, with adjusted earnings per share of about $0.47, both above market average expectations but below some optimistic forecasts. The company stated that the growth of smart mobile royalty revenue will slow, and after-hours stock prices fell by about 7% at one point.

According to TNW, the Cyberspace Administration of China has released a draft of regulations for combating cyberbullying and is seeking public feedback. The draft requires platforms to establish classifiers for detecting and categorizing online violence content, provide users with a "one-click protection" feature, and implement blacklist management and regular reporting mechanisms for violating accounts.Notably, the draft explicitly includes AI-generated deepfake images and synthetic harassment texts within the scope of regulation. The Q&A platform Zhihu has already responded by restricting the use of anonymous accounts.

According to The Block, Magic Labs has agreed to sell its embedded wallet business to cryptocurrency exchange Kraken's parent company Payward as part of a broader company restructuring, with Magic Labs simultaneously rebranding to Newton Labs. This transaction is in the form of an asset sale, and after the deal is completed, Magic Labs and Payward will continue to operate independently, with wallet customers being taken over by Payward Services.Since its establishment in 2018, Magic Labs has created over 60 million wallets, supporting more than 200,000 developers. Newton Labs will focus on developing the Newton Protocol, which is an authorization layer for on-chain finance that executes compliance, security, and risk strategies before transactions are settled on-chain. The protocol entered the mainnet testing phase in June 2026. The first product based on the Newton Protocol, VaultKit, is a set of composable strategy tools for institutional-grade vaults.This acquisition is another transaction in Payward's ongoing expansion of its financial infrastructure platform. Previously, the company completed the acquisition of the CFTC-licensed derivatives exchange Bitnomial for up to $550 million in cash and stock, and acquired the Hong Kong stablecoin payment company Reap Technologies for $600 million. In 2025, it also acquired the retail futures platform NinjaTrader for $1.5 billion.

According to monitoring by Catcher Predict, in the predicted market Polymarket for the event "Counter-Strike: magic vs 3DMAX - BLAST Bounty Qualifier," the "magic" option in the sub-market "Map 2 Winner" has experienced a dramatic fluctuation in winning probability, dropping from 67.5% an hour ago to the current 38.5% (a fluctuation of 29%). Please note the impact of related breaking news.

Domestic DRAM storage IDM leader Changxin Technology will officially list on the Sci-Tech Innovation Board on July 27, with an issuance valuation of approximately 580 billion yuan and a total fundraising amount of 29.5 billion yuan, of which about 22.066 billion yuan is for equipment purchase and installation costs. Industry insiders believe that 2026-2027 is the golden window period for the introduction of domestic equipment.In terms of the supply chain, on the equipment side, North Huachuang has shipped a large volume of various categories such as etching and thin film deposition, Zhongwei Company continues to validate and mass-produce etching and thin film equipment, Huahai Qingshi CMP equipment has entered the core supply chain, and Jingce Electronics and Jingzhida testing equipment are benefiting simultaneously. On the materials side, Yake Technology precursor products cover advanced process needs, Guanggang Gas provides special gases and bulk gases, Jinhong Gas has a gas production order cycle of 15 years, Tongcheng New Materials ArF/KrF photoresists have entered mass production, Jingrui Electric Materials has a market share of over 40% in high-purity hydrogen peroxide, but high-end photoresists are still in the validation stage, and Debang Technology is in the sample testing stage. On the packaging and module side, Huatian Technology is a packaging supplier, Jiangbolong and Demingli have reached procurement agreements, while Maijie Technology is still in the introduction phase. On the distribution side, Shangluo Electronics has been authorized, and there are expectations for supply strategy adjustments after listing. Several listed companies hold shares indirectly through industrial funds, with Shangfeng Cement holding approximately 0.1517% of the equity before issuance.

According to Reuters, Amazon conducted layoffs in its Artificial General Intelligence (AGI) department on July 22, marking a new round of smaller-scale adjustments following the company's reduction of 16,000 employees in January of this year. A company spokesperson stated in response to Reuters' inquiry that AGI remains one of the company's most important directions, but it had to make the "difficult decision" to eliminate certain positions to focus on customer priority projects.The layoffs involve the teams overseen by AGI Data Services Vice President Adeeb Shanaa and AGI Information Vice President Vishal Sharma, with specific details on the scale of the cuts not yet disclosed. Previously, Amazon AGI head Rohit Prasad left at the end of last year, and AGI Lab head David Luan departed in February of this year. AGI-related operations were integrated under Senior Vice President Peter DeSantis in December of last year, along with departments such as chip development and quantum computing.

Last month, comments from Liang Wenfeng during the DeepSeek investor meeting have recently circulated. Liang Wenfeng clearly stated that DeepSeek's goal is AGI, rather than becoming the next super app. They will not engage in 3D, video generation, or world modeling, nor will they close source code, stating, "Restraint is a strategy used to increase the probability of achieving AGI." He believes that products are merely "by-products" on the path to AGI, with the current focus on Coding Agent and continuous learning capabilities. The next phase aims to achieve autonomous model iteration, with the endpoint pointing towards embodied intelligence.In terms of commercialization, Liang Wenfeng stated that they only seek to earn "reasonable profits" and do not set profit maximization as their pricing goal. DeepSeek is "still far from a complete shift to commercialization." He assesses that the gap between AI in China and the U.S. mainly lies in resources rather than talent, stating, "Using a fraction of the computing power can narrow the gap to 6 months, 3 months." Regarding industry competition, he believes that open source is "the sweet point for companies of this scale," while also predicting that domestic large models will ultimately converge to "two large companies and two small companies." Liang Wenfeng also mentioned that maintaining team stability is the only non-negotiable core principle, and the company is driven by vision, with "a group of ordinary people achieving extraordinary things."

Bitcoin Treasuries.NET posted on platform X that VanEck's Preferred Securities ex-Financials ETF PFXF, managing $237 billion in assets, has increased its holdings in Strategy Stretch STRC to 2.42 million shares, valued at $209 million, accounting for over 8.75% of the ETF's net assets, which belong to digital credit assets.

According to Jinshi reports, Federal Reserve's Schmid stated that recent inflation data is encouraging, but it is still too early to draw conclusions.

Interactive Brokers announced on Tuesday the expansion of its digital asset business, adding trading tokens such as Aave, Aptos, Canton, Lido DAO, Monad, NEAR Protocol, Plasma, Pax Gold, and Uniswap, and supporting 24/7 stablecoin wallet transfers via USDC, PYUSD, and RLUSD.As of mid-2026, Interactive Brokers manages approximately $930.3 billion in client assets, with cryptocurrency trading commissions starting at 0.12% to 0.18% of the total transaction amount, with a minimum order fee of $1.75, and no additional spreads, markups, or custody fees. The company stated that accounts in the UK and Ireland cannot use stablecoin two-way deposits, and clients of the Irish affiliate cannot access the newly launched crypto assets.

According to reports, Google DeepMind co-founder Demis Hassabis recently predicted that artificial general intelligence (AGI) could be achieved in just a few years, with its transformative impact reaching ten times that of the Industrial Revolution, and its development speed accelerating tenfold. He pointed out that as the potential risks of cutting-edge models in areas such as cybersecurity, nuclear energy, and biology become increasingly prominent, the industry urgently needs to establish robust security protections for future AI systems that possess autonomy and self-improvement capabilities.To balance technological innovation and security risks, Hassabis called for the United States to take the lead in establishing a "Frontier AI Standards Agency" similar to the Financial Industry Regulatory Authority (FINRA). This agency is proposed to operate under a public-private partnership or self-regulatory organization model, managed by independent technical experts and representatives from the open-source community, primarily funded through industry contributions. Its core function is to develop dynamic scientific assessment protocols, initially requiring frontier laboratories to voluntarily submit for review 30 days prior to the release of models, with plans to eventually transition to mandatory market entry testing, while non-frontier models from startups or academic institutions would be exempt. This framework aims to address unknown crises through a technology-driven review mechanism and to promote a global consensus on AI risk management within the international community.

B.AI officially launched the "B.AI x WebX 2026 Treasure Hunt" welfare event and confirmed its participation in the WebX 2026 conference held in Tokyo, Japan, accelerating the advancement of its AGI global footprint. To celebrate this debut in Japan, the official interactive lottery event will be live from July 9 to July 15. Participants can follow the official account (@BAI_AGI), retweet the post, and write down one thing they most want to achieve with B.AI, adding the #BAIWebXJapan tag and @ three friends to share a base prize pool of 100 USDT; if the number of participants exceeds 500, the total prize pool will upgrade to 300 USDT. Additionally, during the WebX conference, B.AI will also present more exciting content around AI Credits and offline interactions, locking in exclusive benefits for global ecosystem builders ahead of the conference kickoff.

According to the official announcement, Bitget has supported the US stock rToken spot dollar-cost averaging feature, allowing users to regularly allocate stock assets through the spot dollar-cost averaging robot. This feature supports 24/7 trading, and users can execute dollar-cost averaging through on-exchange and off-exchange matching mechanisms, regardless of whether it is a trading day or a non-trading day in the US stock market. After upgrading the app to the latest version, users can enter "Trading Robot," select "Spot Dollar-Cost Averaging," and create a dollar-cost averaging plan by setting parameters such as the investment amount and cycle.It is reported that the rToken, identified by the letter r + stock code (for example, rNVDA for NVIDIA), is issued by Reality, a licensed RWA protocol under Bitget, and is directly connected to global liquidity pools such as NASDAQ and NYSE through collaboration with the compliant brokerage Alpaca.

The economic laboratory of the fintech company Ramp has released a new version of the Ramp AI Adoption Index report. Based on spending data analysis from over 70,000 U.S. enterprise customers, the adoption rate of enterprise-level AI for Anthropic increased by 2.5 percentage points to 41%, officially surpassing OpenAI, which slightly decreased to 39.5%, establishing a leading position in the field of commercial applications.The report focuses on analyzing the spending trends of top enterprises that "deeply adopt AI." Data shows that the top 1% of enterprises spend as much as $7,449 per employee per month on AI, with this figure still achieving a 14.1% increase last month; in contrast, the top 10% of enterprises have an average monthly spending of $611 per employee, while the median enterprise spends only $11.38 (approximately equal to the cost of a single basic subscription).Additionally, the research points out that enterprises that deeply apply AI do not experience "vendor lock-in" and generally adopt multiple cutting-edge large models, open-source platforms, and vertical AI solutions simultaneously. Although enterprises are beginning to experiment with more cost-effective models (such as DeepSeek) in the face of cost pressures, overall AI spending remains on an upward trend.

IBM CEO Arvind Krishna recently expressed serious doubts about the massive capital expenditures by competitors in the pursuit of Artificial General Intelligence (AGI) during an interview. Krishna estimates that the current cost of building a 1-gigawatt data center is about $80 billion; if the entire industry deploys 100 gigawatts of computing power to achieve AGI, total capital expenditures could reach $8 trillion. He pointed out that this means companies would need to generate $800 billion in profit just to cover interest, making it fundamentally impossible to achieve a return on investment from a business logic perspective.Additionally, Krishna believes that the probability of achieving AGI relying on currently known large language model (LLM) technology is extremely low (only 0% to 1%), unless there are fundamental technological breakthroughs in integrating knowledge with LLMs. Despite his pessimistic view on the short-term realization of AGI, he still acknowledges that generative AI will unleash trillions of dollars in productivity value for enterprises.

The U.S. Commodity Futures Trading Commission (CFTC) has completed its handling of the case against former Celsius CEO Alexander Mashinsky. According to the final ruling, Mashinsky is permanently banned from registering for any business related to the U.S. Commodity Futures Trading Commission and is prohibited from participating in commodity trading activities within its regulatory scope.

The General Office of the State Council has released guiding opinions on strengthening regulation, preventing risks, and promoting the high-quality development of private equity investment funds. The opinions mention adhering to goal-oriented and problem-oriented approaches, addressing issues such as the need to improve the access mechanism for the private equity fund industry, inadequate regulation, incomplete systems, insufficient coordination and cooperation among ministries, central and local governments, the failure to implement the responsibilities of some government investment funds and state-owned enterprise investment fund contributors, and the use of some private equity funds as tools for illegal activities, new forms of corruption, and hidden corruption. A system and long-term mechanism for strengthening regulation and preventing risks will be established to promote the development of the industry in a standardized manner and enhance it during development.Uphold functional positioning, coordinate the overall layout, optimize increments, revitalize existing resources, support the excellent and limit the inferior, improve quality and efficiency, and strictly prohibit private equity funds from engaging in illegal activities such as lending and disguised debt. Adhere to classified regulation, implementing "one policy for one category" regulation based on different dimensions such as contributor entities and product types. Insist on regulating both legal and illegal entities, with strict regulation for legal institutions, resolute prohibition of illegal institutions, and severe crackdowns on illegal activities.Promote the revision of the Securities Investment Fund Law. Push for the issuance of judicial documents related to criminal cases involving private equity funds. Formulate regulations for the supervision of private equity fund managers, information disclosure, fundraising, and mandatory custody rules. Introduce standardized arrangements for private equity fund betting agreements. Fully establish a regulatory system for private equity funds that is primarily based on administrative regulation and supplemented by self-regulation.