Real-time News

Artificial Intelligence: 1. Jeff Dean, a key figure in Google's AI efforts, leaves to found an AI startup. 2. Microsoft's latest disclosure shows that its AI revenue primarily comes from OpenAI. 3. Meta launches its first programmable intelligent agent, Muse Code, which can work in conjunction with Muse Spark 1.2. 4. Cloudflare announces the launch of open-source "CloudflareOS": an open platform for AI agents and enterprise work. 5. Meta's MUSE SPARK 1.1 model hacked into a company's system and made changes to its internal systems. Integrated Circuits (Chips): 1. Yu Chengdong: High memory prices may lead to large-scale price increases for mobile phones. 2. Reports indicate that Changxin rejected Apple's price pressure, insisting on prices no lower than Samsung Electronics and SK Hynix. 3. US media: Anthropic confirms it is building an internal chip team for Claude. 4. After distributing bonuses to employees, Samsung and SK Hynix pledged to increase shareholder returns. 5. SanDisk expects revenue of $10.3 billion to $10.8 billion for the first quarter of fiscal year 2027, compared to market expectations of $10.8 billion. Other: 1. Alibaba's 2026 Yunqi Conference is scheduled to be held in Hangzhou from September 22nd to 24th. 2. Nikita Bier announced her resignation as head of the X product line, but will remain with the company as an advisor.

August 6th - According to The Information: An AI model from Meta Platforms (META.O) compromised another company during a cybersecurity test. Meta's MUSE SPARK 1.1 model infiltrated a company's system and made changes to its internal mechanisms. A Meta spokesperson stated that a configuration misconfiguration led to the incident, after which the model exploited a security vulnerability.

The European-Mediterranean Seismological Centre reported a 5.7-magnitude earthquake 23 kilometers south of Sarangani in the Philippines.

US President Trump: Iran cannot have nuclear weapons.

The Central Bank of Brazil cut interest rates by 25 basis points, in line with market expectations.

On August 6th, SanDisk (SNDK.O) reported strong Q4 2026 results, with both revenue and profit exceeding market consensus. Revenue surged 372% year-over-year and 51% sequentially. Options expiring in the week of August 7th showed the highest open interest for both call and put options with a strike price of $1370, suggesting that the intense options trading following the earnings release may have been at least partly responsible for the stock's weak performance. The weaker-than-expected revenue outlook for the next quarter ($10.3 billion-$10.8 billion) may also have contributed to the after-hours decline. SanDisk management stated, "The better-than-expected revenue was driven by our shift towards a higher-value customer portfolio (437% growth in the data center business) and pricing increases." SanDisk's US-listed shares fell as much as 8% in after-hours trading.

Conflict Updates: 1. A Russian drone factory director was attacked by a car bomb. 2. Ukrainian President Zelenskyy: Ukraine's air defense system supply has decreased by two-thirds compared to last year. 3. Reports indicate that 16 people have been killed and 36 injured in the Kyiv region following the Russian attack. 4. Russian Ministry of Defense: Three ships were damaged near Odessa; Russia disrupted logistics hubs in and around Kyiv. 5. According to TASS: A fire broke out at the Russian State Space Corporation research facility in Korolyov, near Moscow. Other Updates: 1. French President Macron: The EU and its partners will continue to increase pressure on Russia, including through sanctions. 2. European Commission President Ursula von der Leyen: Russia must pay the price for the damage it has caused. We will allocate an additional €1.4 billion from the proceeds of frozen Russian assets to Ukraine. 3. Russian President Putin reshuffled the Russian military leadership, appointing Denis Lyamin to lead the newly formed unmanned systems force and appointing new frontline combat and military logistics commanders. 4. Ukrainian Prime Minister: The EU will allocate €1.4 billion to Ukraine from the proceeds of frozen Russian assets. These funds will be used to strengthen Ukraine's defense capabilities and enhance the country's resilience.

Sequoia Capital has completed a new round of financing of $10 billion.

Faraday Future (FFIE.O): Plans to reduce its debt of $230 million as of the end of the first quarter to below $100 million within four quarters.

On August 6th, Federal Reserve Governor Tim Cook reiterated her stance: she is prepared to raise interest rates if inflation does not slow, and warned that policymakers may not have room to wait for inflation to return to the 2% target. While Cook supported the Fed's decision to keep interest rates unchanged at the July policy meeting, she cautioned that the longer inflation remains above the Fed's target, the more difficult it will be to curb it. Speaking at an event in Alaska, Cook said, "If I don't see signs of a sustained decline in inflation anytime soon, I'm prepared to act. With inflation above target for five consecutive years, the risk of inflation becoming entrenched in price and wage-setting behavior is rising, which will lead to more persistent inflation that we will find harder to manage." However, Cook indicated that the waning impact of tariffs, the potential for lower oil prices, and easing pressures related to the AI boom might provide a buffer for inflation, thus necessitating policy tightening. She stated that her primary task remains getting inflation back to the Fed's target level.

SanDisk (SNDK.O) shares fell more than 3% in after-hours trading in the U.S.

SanDisk (SNDK.O) reported revenue of $8.96 billion for Q4 of fiscal year 2026, exceeding market expectations of $8.394 billion and compared to $1.901 billion in the same period last year.

Federal Reserve Governor Cook: Weak consumer confidence is related to a number of factors, including high inflation.

Federal Reserve Governor Cook: So far, the policy has not led to significant unemployment.

Federal Reserve Governor Cook: The economy is resilient and the pace of expansion is steady.

Federal Reserve Governor Cook: There are reasons to believe that inflation levels may ease.

Federal Reserve Governor Cook: The risk of excessive inflation is rising and may become deeply entrenched in the economy.