According to data from MSX.COM, Microsoft stock surged 12% in early trading, marking its biggest single-day gain since 2020.

According to data from MSX.COM, Meta Platforms (META.O) fell about 9%, with its stock price dropping to a four-month low after reporting a significant decline in second-quarter cash flow.

Odaily reported that according to insiders, Situational Awareness, a hedge fund founded by former OpenAI researcher Leopold Aschenbrenner with $24 billion in assets under management, is successively closing out multiple trades and scrambling to raise funds after a sharp decline in AI concept stocks and losses on bets against software stocks.

Insiders said Situational Awareness has suffered significant losses in recent weeks. The value of its AI infrastructure investments, such as SK Hynix, has fallen, while its short positions against software companies like Adobe have experienced substantial losses. It is currently unclear whether the fund is negotiating asset sales to meet margin calls or has already begun a broader liquidation of its entire portfolio.

Insiders also noted that the fund is attempting to raise liquidity by selling stakes in unlisted companies, including its shares in Anthropic. The specific size of the fund's intended sale of Anthropic shares remains unknown, but sources familiar with the transaction process said potential buyers have expressed interest in acquiring part or all of the stake. (CNBC)

Odaily reported that Base co-founder Jesse Pollak posted on X, stating that at the inception of Base, he told the team and Coinbase that they must do everything possible to support developers, as developers will create products that bring the world on-chain. One key approach is the Base Ecosystem Fund, which helps teams succeed by providing funding and deep engagement. Most of the teams supported by the fund had no prior connection to Coinbase, come from all over the world, and are exploring multiple fields, including finance.

Odaily星球日报讯 Unitree Technology announced its initial public offering and listing on the STAR Market. This issuance combines strategic placement, offline placement, and online placement. The company plans to publicly issue 40,446,434 shares, accounting for 10% of the total share capital after issuance, which will be 404,464,340 shares. The initial inquiry date is August 5, 2026, and the offline subscription date is August 10, 2026. The company has a special voting rights mechanism arrangement, under which actual controller Wang Xingxing controls a total of 68.78% of the voting rights.

According to public business registration information and disclosures by crypto KOL "Strange Thinking," Moonshot AI has been renamed to "Beijing Moonshot AI Technology Co., Ltd." and its corporate type has changed from a limited liability company to a non-listed joint-stock company. Meanwhile, Yang Zhiping has assumed the roles of Chairman and General Manager, with Zhang Zitong appointed as a Director and Song Sijia as Chief Financial Officer.

The market typically views such changes as an "equity system reform," a key step for domestic companies preparing for overseas listings. Previously, it was reported that Moonshot AI has sent shareholders' resolutions for a Hong Kong listing to investors, with a potential IPO completion as soon as within six months. However, the company has yet to officially announce its listing timeline.

Odaily Planet Daily reported that Polymarket has announced that, to enhance the manipulation resistance of its cryptocurrency up/down prediction markets, affected markets will transition from single price snapshot settlement to Time-Weighted Average Price (TWAP) settlement starting from 00:00 UTC on August 7. Specifically, the 5-minute markets will adopt a 30-second TWAP, while the 15-minute and 4-hour markets will adopt a 60-second TWAP.

Additionally, the platform will provide a total of $1 million in liquidity rewards for the relevant markets throughout August. Chainlink's TWAP testnet data feed is now live, with the mainnet data feed and Polymarket's Real-Time Data Streams (RTDS) scheduled to go live on August 4, 2026.

Odaily Odaily reports that during the company's second-quarter earnings call, Meta CEO Mark Zuckerberg stated that Meta currently does not have a business selling computing power to customers, but such offerings are in the plans. He indicated that a significant portion of Meta's computing power will be used for training AI models, supporting agent products, and developing core businesses, while the company also anticipates expanding services to large enterprise clients.

Both Google and Meta have slightly raised their capital expenditure expectations for this year. Google stated that related spending could increase further in 2027, while Microsoft maintained its capital expenditure forecast. Google's cash flow turned negative for the first time in the second quarter, and Meta's cash flow decreased by 91% compared to the same period last year.

Microsoft CFO Amy Hood noted that customer demand for its cloud business still exceeds available capacity. Google said last week that it will purchase more third-party computing power while building more internal capacity to meet customer needs.

Google CEO Sundar Pichai stated that the primary objective for Google in using its self-developed tensor processing units (TPUs) is to ensure the allocation of necessary resources for the development of AGI frontiers. Google is working with partners to deploy TPUs in other data centers to unlock more capacity.

Odaily reports that TSMC (TSM.N) will develop AI chip packaging technology. (The Information)

Bloomberg ETF analyst Eric Balchunas posted on X, stating that bonds have once again failed to hedge against stock declines. Since SPY retreated from its June highs, AGG, TLT, and LQD have all fallen. Although the time window is relatively short, it somewhat resembles the situation in 2022. He noted that many people have long relied on the 40% bond portion of the 40/60 portfolio to hedge against the 60% equity portion, which is also the reason behind the significant inflows into money market mutual funds and buffer ETFs.

He further stated that this is not to say bonds will never hedge against stocks in the end, but their recent track record is less than ideal. The Fed's long-term rate cuts once pushed both bonds and stocks higher simultaneously. In 2022, when rates were unexpectedly hiked, both fell in tandem. Recently, rising crude oil prices have fueled inflation concerns, leading to a similar scenario once again.

Odaily星球日报讯 Oracle is expanding its partnership with Google and will launch enterprise applications based on Google's Gemini model. (Jinshi)

Odaily Odaily Planet Daily News Microsoft is considering offering some of its self-developed AI models in an open-weight format. Mustafa Suleyman, CEO of Microsoft AI, stated that as Chinese AI models gain increasing popularity among users in the United States, the company is evaluating this possibility. This move could signal an adjustment in Microsoft's AI strategy. Facing competition from Chinese AI developers like DeepSeek and Moonshot AI, Microsoft aims to enhance its competitiveness while reducing its reliance on OpenAI.

Microsoft also stated that it plans to maintain a multimodal strategy, allowing customers to use models from OpenAI or Anthropic when better suited to their needs. (Nikkei)

Odaily reported that according to MSX.COM data, US pre-market semiconductor sector gains are accelerating, with ARM expanding its gains to 11% after previously falling nearly 8%; Lam Research up over 12%, SanDisk up 7.66% in pre-market trading, Western Digital up 7.13%, Seagate Technology up 6.72%, Marvell Technology up 5.79%, Advanced Micro Devices up 5.53%, Micron Technology up 5.29%, SK Hynix up 4.67%, Intel up 4.54%, ASML up 4.35%, TSMC up 3.66%, Broadcom up 2.47%, NVIDIA up 2.08%, and Qualcomm narrowing its decline to 2.9%.