AI / Large Models

DeepSeek's Liu Sheng sparks heated discussions with post "I had to bury my talent yesterday"

A DeepSeek researcher publicly expressed complex emotions about the current state of the industry, with over ten million views on the Zhihu hot list. This touches on a rare but sensitive topic in the AI circle: the personal value and sense of significance of top talents in the competition for large models.

Hot debate: Some interpret it as a typical example of "technological idealists being worn down by engineering realities," while others believe it is merely a personal essay that doesn’t require excessive interpretation.

Source: Zhihu

NVIDIA, Palantir, and other backers collectively restrict use of Anthropic Claude

Several large enterprise clients were reported to have imposed internal restrictions or bans on Claude, pointing to declining model performance and compliance concerns as reasons. If buyers begin to vote with their feet, it would directly impact Anthropic's revenue and valuation narrative.

> Sharp comment: AI companies spending money to the point where backers start to cut back is more telling than any technical paper.

Source: Zhihu

OpenAI robots already knew about RubyGems cache vulnerabilities

Security researchers found that OpenAI's crawler had probed related paths before the vulnerabilities were disclosed, sparking discussions about the boundaries between AI crawlers and cybersecurity. Nearly 400 comments on HN are debating whether AI company crawlers should participate in vulnerability detection.

Source: Hacker News | Discussion

How much content on F-Droid is LLM generated?

The open-source app store F-Droid has been found to contain a large amount of suspected low-quality app descriptions and metadata generated in batches by LLMs. This exposes a more general hazard: the open-source ecosystem is being polluted by AI-generated "slop," and the review mechanism has not kept pace.

Source: Hacker News | Discussion

Encryption / Web3

OKX lists Venice (VVV) for spot trading

The AI concept token VVV has landed on OKX, interpreted by the market as a signal of the exchange's continued investment in the AI space. Against the backdrop of a sharp decline in AI stocks, funds are seeking hedging opportunities within the AI narrative of the crypto market.

Source: OKX | Telegram

US House crypto tax proposal excludes mining and staking reward deferral clauses

The anticipated tax breaks expected by miners and stakers are missing from the latest proposal. This means mining and staking rewards could be fully taxed at the point of receipt, a negative for both mining companies' cash flow and retail participation.

Source: Cointelegraph

Ethereum and Base wallet standard negotiations break down

Ethlabs researchers revealed that the two sides failed to reach an agreement on the wallet standard. The standard split between L2 ecosystems and Ethereum's mainnet will directly slow down cross-chain user experiences, exposing deep contradictions in internal ecosystem coordination.

Source: Cointelegraph

Short-term Bitcoin holders profit for 30 consecutive days, CryptoQuant says bull market odds increase

The sustainability of short-term holder profits is often a leading indicator of improved market sentiment. Coupled with Bitcoin surpassing the $79,000 level, on-chain data is providing ammunition for bulls.

Source: Cointelegraph

Potential impact of the CLARITY Act enters mainstream discussions

In a public dialogue at the NYSE, multiple guests discussed the CLARITY Act's impact on stablecoin yields and tokenized securities. If the bill advances this month, compliance costs for stablecoin issuers and tokenization platforms will change significantly.

Source: CoinDesk

Chips / Hardware

Jensen Huang tells Trump "we're not going to let AI slow down happen"

Trump called Jensen Huang in a public setting, referring to the AI danger narrative as a "scam," and data centers as the "oil of the future." This well-orchestrated public call essentially serves as a joint endorsement by the chip giant and the White House for the AI narrative.

> Sharp comment: The biggest victim of the AI apocalypse narrative is stock prices, so the person most motivated to refute it happens to be the one selling shovels the most.

Source: TechCrunch | Wall Street Journal | Cailian Press

AI infrastructure company Cornelis raises $205 million, aims to challenge NVIDIA

This company focuses on alternative AI computing solutions to NVIDIA, and the substantial financing indicates that capital is seeking power sources outside of NVIDIA. However, the phrase "chip away at Nvidia's dominance" has been said by countless companies over the past five years.

Source: TechCrunch

Chip index drops nearly 6% in one day as AI slowdown concerns trigger a sell-off

The US chip sector experienced a rare drop this year, amid calls from several tech CEOs to slow down AI development. The valuation premium of hardware stocks is based on the assumption of perpetual high growth for AI, an assumption currently being shaken by insiders.

Source: Wall Street Journal

Tech Companies

Apple rolls out iOS 27, advancing Liquid Glass interface

This update highlights further implementation of the liquid glass UI and hides a little Easter egg "summon Dog Cow." The discussion volume on Zhihu indicates that user interest in Apple's annual updates remains high, but controversy is increasingly centered around "is the change significant enough."

Source: Zhihu | IT Home

Huawei and Seres partnership "changes," AITO channel主体变更为赛力斯

The subject of the authorized dealer cooperation agreement has shifted from Huawei terminals to Seres, interpreted by the market as a reevaluation of Huawei's "Five Realm" strategy. Compared to continuing deep binding with a single car manufacturer, Huawei seems to prefer becoming a standardized technology supplier.

Source: Cailian Press | IT Home

Microsoft releases emergency Windows 11 update to fix "record-breaking patch"

The previous patch created a record number of issues, leading Microsoft to unusually release an emergency fix. Enterprise IT administrators have grown accustomed to this cycle of "patch on top of a patch," but this time the scale is indeed unusual.

Source: The Verge

US Stock Market

The yield on US 10-year Treasury bonds exceeds 5.02%, reaching the highest since 2007

Soaring energy prices, debt concerns, and large-scale borrowing by AI companies have contributed to rising yields. A risk-free rate at 5% puts substantial pressure on the valuation anchors of all risk assets—especially tech stocks and crypto assets.

Source: Golden Ten Data | CNBC

US stock indices close lower across the board, with chip stocks leading the decline

Concerns over an AI slowdown combined with the surge in US Treasury yields have delivered a double blow to tech stocks. The day’s performance indicates that market pricing of AI capital expenditure has shifted from "unconditionally optimistic" to "demanding proof of returns."

Source: Wall Street Journal

Finance / Macroeconomics

WTI crude tops $99, Brent crude exceeds $104

Oil prices continue to rise following attacks by Houthi forces on Saudi targets, with oil tanker leasing costs in the Strait of Hormuz exceeding $1 million per day for the first time. Increasing energy costs will further elevate inflation expectations, making the Federal Reserve's interest rate decisions more passive.

Source: CNBC

Iran war depletes US military ammunition stockpiles, Pentagon accelerates procurement

The Pentagon estimates ammunition expenditures at $22.3 billion before the end of June, with total war costs exceeding $33.4 billion. The significance of these numbers lies in the fact that war spending and AI spending are simultaneously draining fiscal space, and the surge in US debt yields is not just a market sentiment issue.

Source: CNBC | Deitaone

Federal Reserve faces a moment of non-consensus over "to hike or not to hike"

In a public dialogue by CoinDesk, Ram Ahluwalia of Lumida Wealth presented a non-consensus view: the Federal Reserve may not raise interest rates. However, the 5% yield on US Treasury bonds has already accomplished tightening for the Fed, making whether or not they take action potentially less significant.

Source: CoinDesk

New Products / New Trends

One arrow ten stars, China's private aerospace industry makes its first batch delivery of officially networked stars

The Thousand Sails Constellation is accelerating towards its goal of 324 global networks by the end of the year. The private aerospace industry is transitioning from "verification launch" to "batch delivery," with competition in low-orbit satellite internet intensifying.

Source: Cailian Press

OpenArm: Open-source 7-degree-of-freedom humanoid robot arm

A GitHub-hosted open-source project is catching active discussion in the HN community. The open-source hardware of humanoid robots could lower the entry barrier for the entire sector, similar to open-source software years ago.

Source: GitHub | Discussion

Today's Undercurrents

There’s a thread running through everything today: the narrative of "infinite investment" in AI is being pierced by real interest rates. The 10-year Treasury yield surpassing 5% and companies borrowing massively for AI spending are precisely one of the driving forces—then high yields begin to suppress the valuations of AI stocks. Jensen Huang, anxious, directly tells Trump "we're not going to let AI slow down happen," chip stocks fell 6% in one day, and Anthropic's backers begin to restrict the use of Claude... the same cycle is mirrored in the crypto market as well: Bitcoin surpasses $79K in an environment of 5% US Treasuries, relying on the hedging demand brought by geopolitical risks and energy inflation, rather than genuine easing expectations. Money has become more expensive, and all sectors relying on storytelling for funding are being repriced.