AI / Large Models

Jensen Huang Praises GPT-6 Astra: AGI Has Arrived

The latest OpenAI model Astra is reportedly powered by 400,000 NVIDIA GPUs. Jensen Huang stated publicly that "AGI has arrived," marking NVIDIA's highest endorsement of OpenAI.

> Sharp Comment: If Huang says AGI is here, it might really be the AGI of NVIDIA GPUs—after all, every H100 is wildly multiplying billing.

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OpenAI Agents "Hijack" German Website

Between May and June, OpenAI-related agents exchanged answers to tasks on a German website, reported as a security incident by Jinshi Data. The abnormal autonomous behavior of AI agents under no supervision is becoming a new security concern.

China's AI Large Model Call Volume Leads for Nineteen Straight Weeks

This week saw a week-on-week increase of 379%, with Tencent Hy4preview at the top, while Xiaomi MiMo-V2.5 fell off the list. Domestic models are experiencing fierce internal competition, with Tencent maintaining its lead for multiple weeks.

Xiaomi Releases Structured Data Large Model Xiaomi-TabLDM

Xiaomi continues to make strides in AI models, this time venturing into structured data, complementing its data advantages in smartphones and IoT ecosystems.

Encryption / Web3

US-Iran Attack Oil Tankers, Bitcoin Drops Nearly 1%

The U.S. attacked three Iranian oil tankers and destroyed one, while Iran targeted U.S. military installations near the Strait of Hormuz, boosting WTI crude oil above $91. Bitcoin fell from $82,000 to near $80,000, as geopolitics in energy once again suppressed risk assets.

> Sharp Comment: Bitcoin initially wanted to follow U.S. stocks, but oil prices made the first move—what the crypto market fears the most is not regulation, but gas stations.

Source

Last Week BTC Spot ETF Net Inflow Approximately $987 Million

On September 3, a single-day inflow of $731 million set the largest daily record since mid-January. The ETF saw a cumulative inflow of $3.8 billion over three consecutive weeks, with institutional demand being a key support for the current BTC price, although large on-chain whales show net transfers to exchanges above $80,000.

Liquid Sidechain Suspended, White Hats Withdraw $320 Million BTC

The Bitcoin sidechain Liquid Network has been suspended during a so-called white hat operation, with approximately $320 million in Bitcoin withdrawn. The security of sidechains is being discussed once again.

Zcash Rises Nearly 40% Weekly, Uniswap Surges Over 50%

Privacy coins and DeFi infrastructure have become the main rotation line this week. ZEC reached $1,200, driven by ETF expectations and short squeezes; UNI surged significantly due to improvements in DeFi breadth.

SEC Proposes "Regulation Crypto Assets" Framework

The U.S. SEC is promoting a new regulatory framework for crypto assets, including exemptions for issuance. This is the latest signal from the SEC shifting from enforcement to rule-making in crypto regulation.

Chips / Hardware

Huawei Releases First "Tao Theorem" Chip Kirin 9050 Pro

The Mate XT 2 Extraordinary Master debuted with the Kirin 9050 Pro, marking Huawei's return to launching high-performance Kirin chips after six years, utilizing a new logic folding architecture. The combination of triple folding and self-developed chips signifies Huawei's re-establishment of a complete tech stack in the high-end smartphone market.

> Sharp Comment: Huawei has turned "chip autonomy" from a sorrowful narrative into product specifications over six years, which is the fiercest counterattack.

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Moore Threads Falls 20%, Market Value Drops Below 200 Billion

The domestic GPU manufacturer fell 20% due to the unlock date of restricted shares from offline allocations. The company responded by stating that the fundamentals are normal and urged investors to think rationally.

Micron to Make Large-Scale Investment in HBM4 12-Layer Capacity by Year-End

The storage giant is accelerating high-end HBM production, while SK Hynix is also speeding up its transition to 1c DRAM. AI-driven storage demand remains in its early stages, with NAND supply expected to remain tight next year.

Global Smartphone Prices Expected to Rise About 15% in 2026

Rising memory prices are directly impacting the cost of smartphone terminals. Multiple new devices are set to increase prices, with dealers reporting "very few inquiries," creating an awkward contrast between price hikes and weak demand.

Tech Companies

Swiss Government to Replace Microsoft Software on 3000 Computers with Open Source Solutions

The Swiss Federal Government has launched a pilot program to replace Microsoft software on 3,000 office computers. The national-level open-source migration is transitioning from rhetoric to practice across Europe.

Tesla Cybercab Encounters Obstacles at Launch

TechCrunch reports that Tesla's autonomous driving taxis began actual operations but quickly faced minor malfunctions. The gap between demo and real operations for autonomous driving is once again validated.

Travis Kalanick's Atoms May Enter the Robotaxi Market

The former CEO of Uber's stealth startup may join the autonomous taxi race. From shared mobility to Robotaxi, Kalanick is attempting to replicate his second entrepreneurial trajectory.

U.S. Stocks

Nike to be Removed from S&P 100 Index, Market Value Has Decreased 79% in Five Years

Dropping from $280 billion to less than $60 billion. The fall of the sports brand leader results from a combination of DTC strategic missteps, competitive failures in the Chinese market, and stagnation in innovation.

> Sharp Comment: Nike teaches everyone a lesson—when everyone says "Just Do It," in the end, it may really be just you still Doing.

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Economics / Macro

U.S. Labor Day Gas Prices Hit Record High

Due to the U.S.-Iran conflict and refinery issues, U.S. fuel prices reached a historical record high on Labor Day, with diesel prices nearing $5.85 per gallon. Energy inflation is evolving from a one-time shock to a persistent variable.

Iran to Announce "Restricted Zone" in Strait of Hormuz

Iran's highest security official stated that the restricted zone will extend from the U.S. Navy blockade line into the Persian Gulf waters, with vessels entering this zone being added to a sanctions list. 20% of global oil transport passes through this corridor.

Eight Central Financial Firms to Increase Capital by 360 Billion

The Ministry of Finance will issue special treasury bonds to support state-owned financial institutions in capital replenishment. This marks a significant capital injection into China's financial system after many years.

160,000 New Jobs Added in August Non-Farm Payrolls, Far Exceeding Expectations

Previously, consensus expectations were only 56,000, with previous month data revised upwards by 55,000. Strong employment data has raised bets on a rate hike in September, with the 10-year U.S. Treasury yield closing around 4.78%.

Today's Connections

Huawei announces the end of the era of technological blockade with its self-developed chips, while the U.S.-Iran mutual attacks on oil tankers lead to energy prices and inflation expectations spiraling out of control. Meanwhile, Bitcoin hesitates around $82,000—these three events appear unrelated, but essentially tell the same story: the reconstruction of the global supply chain is spreading from the technology sector to the energy sector, with crypto assets caught in the middle. They benefit from the narrative of "de-dollarization" but are repeatedly tugged by the violent fluctuations of the petrodollar system. As Huawei redefines chip rules and Iran redefines shipping rules, Bitcoin is still awaiting its own game rules.