🇨🇳 NVIDIA resumes H20 chip exports to China
– Following a meeting between Jensen Huang and Donald Trump, component shipments have resumed.
– NVIDIA stock hit new highs; China accounted for 13% of its 2024 sales.
– First signs of easing tech sanctions and a new phase in the chip war.
📉 Bitcoin pulls back to $117,000 (–4.4%)
– Total crypto market cap dropped 6.7% to $3.74 trillion; 95 of the top 100 coins are in the red.
– Ethereum fell below $3,000 (–1.4%), Dogecoin dropped 7.6%.
– Key factors: profit-taking after ATH, a major “Satoshi whale” moved 17,000 BTC, trading volume doubled to $217 billion.
– Experts maintain a $135,000 target, calling the correction a sign of a healthy bullish trend.
💼 Pentagon allocates $200M to xAI
– $200 million contracts awarded to xAI, Google, OpenAI, and Anthropic for “Grok for Government.”
– Funding comes despite recent backlash over Grok’s “MechaHitler” response.
🔧 xAI fixes Grok’s controversial replies
– Problematic outputs removed, new safety filters added.
– Improved content search and moderation algorithms.
📵 TikTok denies rumors about U.S. “M2” app
– The company confirmed it has no plans to launch a replacement app on September 5.
– U.S. ban threat remains active; ByteDance must divest the service by court ruling.
🧬 China announces breakthrough in AI-driven protein design
– A new tool enables rapid and precise creation of protein structures, reducing drug development costs.
– Could accelerate progress in biotech and medical research.
🏛 Trump attends Energy & AI Summit in Pittsburgh
– The former president participated in the first Pennsylvania Energy and AI Summit at CMU.
– Focus: intersection of energy policy and artificial intelligence.
🔻Key Takeaways:
- Bitcoin’s correction is a natural post-ATH phase, with long-term targets still intact.
- Geopolitical tensions ease: NVIDIA re-enters China, and defense contracts fuel AI growth.
- Innovation in AI and bioengineering continues to accelerate.
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