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Crypto
Clarity bill pushed to September as bitcoin sets August high
The crypto industry’s main focus was the U.S. Senate’s Clarity Act, but a vote before the August recess fell through and consideration moved to September. A White House crypto adviser blamed Democrats for the delay, while the industry voiced disappointment and warned of widening regulatory gaps. Despite uncertainty, bitcoin climbed above $65,300 to an August high and held above $65,000, with institutional buying continuing. Altcoins moved unevenly as technical and policy risks resurfaced.
Telecommunications & Media
South Korea to loosen broadcast and OTT ad rules, expand mid-roll ads from October
South Korea will loosen advertising rules for broadcasters, raising the daily ad cap per channel and easing limits on mid-roll, virtual and indirect advertising. The Broadcasting Media Communication Commission approved a revision to the Enforcement Decree of the Broadcasting Act that will take effect in October after remaining procedures. The agency estimates easing mid-roll ad rules could lift broadcast ad revenue by about 50 billion won. Prime-time limits will remain to curb ad concentration.
AI & Enterprise
Why Nvidia wants to develop even large AI models itself
Nvidia is speeding up its push to develop and distribute its own open-source AI models as part of an effort to expand hardware demand, although some see a risk of competition with AI companies that buy its chips. The Information reported Nvidia is developing the open-source large language model Nemotron 4 with at least 1 trillion parameters. Nvidia has also rolled out lightweight models and free routing software and increased spending on computing resources through cloud contracts.
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AI & Enterprise
ITcenCloit expands AWS cloud supply for public sector agencies
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Crypto
New York City Council launches probe into prediction markets' 'predatory marketing practices'
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Crypto
Goldman Sachs to buy ETF manager Neos for up to $2.25 billion
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Crypto
Hawaii to enforce cryptocurrency ATM ban from Oct. 1
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AI & Enterprise
AI coding startup Cognition in talks for new funding at $40 billion valuation
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AI & Enterprise
Cerebras shares fall 14 percent after second earnings report since IPO
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AI & Enterprise
Cisco shares fall despite profit, revenue forecast beating expectations
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AI & Enterprise
Google unveils SL2T AI model that understands sign language, first applied to Pixel 11
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Telecommunications & Media
Google unveils Pixel 11 lineup, launches Pixel Tag tracker
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Telecommunications & Media
iPhone 18 Pro costs seen surging, could be 38 percent higher than 17 Pro
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Finance
To read U.S. stock market trend, watch bonds, oil and Nvidia first
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Industry
Nvidia's biggest weapon is its financial firepower, widening its lead
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AI & Enterprise
Jensen Huang sees GPUs like real estate; China is biggest variable in $500 billion AI financing
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Telecommunications & Media
BC Media Telecom panel says Google 10 percent fee cut hard to see as voluntary correction
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Games & Commerce
Wemade Play Q2 operating profit rises 6 percent to 2.6 billion won