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AI & Enterprise

U.S. Treasury secretary says U.S. could sanction Chinese AI firms if tech theft confirmed, IP probe launched

The United States is investigating whether Chinese open-source artificial intelligence models infringed U.S. intellectual property and warned it could impose sanctions on Chinese AI companies if violations are confirmed. Treasury Secretary Scott Bessent said the U.S. supports open-source AI but not IP infringement. The remarks come amid concern in the United States about the performance and rapid global spread of Chinese models and debate over whether model distillation using competitors’ outputs constitutes IP theft.

Industry

DJI-powered motor reshapes e-mountain bikes, focusing on longer rides over speed

Electric mountain bikes are evolving to help riders ride longer and more often, rather than simply replacing fitness, an assessment said. A new motor from Avinox, a DJI-affiliated startup brand, is seen as sparking fresh competition with strong output and a natural ride feel. The Verge said the Amflow PL Carbon Pro with the M2S motor offers intuitive, predictable power delivery that improves control and repeatability, even as price remains a limitation.

Crypto

Robinhood Chain temporarily ranks second globally in DEX volume, driven by memecoin

Robinhood Chain briefly rose to second place globally in decentralised exchange (DEX) trading volume over the weekend, driven largely by memecoin activity. DefiLlama data showed the chain recorded about $878 million in DEX volume on July 12, temporarily surpassing Coinbase’s Base and Ethereum. Most of the volume came from CashCat, a memecoin named after a former mascot, which jumped more than 2,100 percent in its first week.