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Crypto

CME unveils new indexes tracking BNB, XRP and SOL, excluding bitcoin and ether

CME Group has launched two new multi-asset cryptocurrency benchmark indexes, one tracking 10 major tokens excluding bitcoin and ether and another covering 12 assets including them. Real-time versions are calculated every second, while settlement versions are published once daily at 4 p.m. in London, New York and Singapore-Hong Kong time. The indexes use free-float market-cap weighting and are rebalanced twice a year.

AI & Enterprise

China\'s Z.ai first-half revenue surges 400 percent as it shifts to cloud-focused model

Chinese AI company Z.ai said first-half revenue rose 400 percent from a year earlier to 953.89 million yuan, driven by cloud-based deployment and API business. The company posted a smaller overall loss of 2.07 billion yuan, while adjusted net loss widened to 1.96 billion yuan and R&D spending rose to 2.13 billion yuan. Cloud deployment revenue surged and its share of total revenue jumped, but gross margin fell as computing and inference costs weighed on profitability.

AI & Enterprise

Hecto Group joins state project to develop AI medical devices for early lung cancer detection

Hecto Group is developing AI medical devices to help detect lung cancer early and predict recurrence through a state-backed digital healthcare project. Its HAI unit joined the OnKoTECT consortium led by Seoul National University Bundang Hospital under the Ministry of Trade, Industry and Energy\'s Bio Industry Technology Development programme. The consortium will receive 15.5 billion won in research funding through December 2030 to develop and commercialise AI for early diagnosis and recurrence prediction of pancreatic and lung cancers.