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Real-time News
August 25th - According to sources familiar with the matter, Lambda, the AI cloud computing service provider backed by Nvidia (NVDA.O), is in talks for a funding round of up to $3 billion, which could pave the way for its IPO next year. The sources said that Lambda, an "emerging cloud" company that provides chip and other AI infrastructure leasing services, is discussing a funding round at a valuation of up to $12 billion or even higher. They stated that the funding negotiations are still ongoing and the terms of the deal have not yet been finalized. It is understood that Lambda has received multiple investment offers for this round, which, according to company insiders, could pave the way for an initial public offering (IPO) as early as next year. Some sources indicated that the companys revenue this year is expected to exceed $1.5 billion.Conflict Update: 1. Sources: Air raid sirens sounded in Kyiv, Ukraine. 2. Russia claims to have attacked an oil tanker near Odessa, Ukraine. 3. Russian Ministry of Defense: Russian forces shot down 351 Ukrainian drones overnight. 4. Ukrainian military: Attacked a Russian military factory in the Rostov region. 5. Russian Ministry of Defense: Russian troops seized three more settlements in Ukraine. In the past 24 hours, "Eastern" forces have inflicted more than 315 casualties on Ukrainian troops. 6. Russian authorities claim a Ukrainian drone attack in the Belgorod region of Russia killed two people and injured two. 7. Russian online retailer Ozon stated that its logistics center in Dagestan caught fire after the drone attack. 8. A Ukrainian drone force commander stated that Ukraine hit a Russian MiG-29 fighter jet and two Russian vessels in the Black Sea. 9. Market news: Sources say the Perm oil refinery in Russia suspended operations after a drone attack on August 21. 10. Kremlin: Russian armed forces are working to identify missile production sites in Ukraine and will take measures to destroy these facilities. Other developments: 1. Russia and Ukraine exchanged 20 prisoners in Belarus. 2. The UK will provide Ukraine with Storm Shadow missile production technology. 3. Ukrainian President Zelensky suggested using frozen Russian assets to partially cover the shortfall. 4. EU High Representative for Foreign Affairs and Security Policy Karas: Proposed stricter sanctions against Russia this autumn. 5. French President Macron: Need to intensify the crackdown on Russias shadow fleet and further coordinate sanctions measures. 6. EU: Todays approval of financial aid to Ukraine is an addition to the already approved €16 billion Ukraine procurement plan. 7. European Commission President Ursula von der Leyen: The latest financial aid to Ukraine will be used to help Ukraine with urgently needed missile defense systems, ammunition, and radar. 8. Ukrainian President Zelensky: Despite Russias attacks and attempts to completely blockade shipping, three to four ships are still entering the port of Veliko Odessa every day. 9. British Prime Minister Burnham: The clear message to Russian President Putin is that Ukraine will never relinquish territory that Russia cannot win on the battlefield. More measures are needed to curb Russian oil and LNG exports. 10. Russian President Putin signed a decree to protect infrastructure. Critical infrastructure owners who fail to secure their facilities in the face of external threats may have them transferred to temporary management. 11. According to Ukrainian media: Due to the Russian attack, the visit to Kyiv by US Middle East envoy Witkov and Trump senior advisor Kushner has been postponed.August 25th - According to sources, trade negotiations between the US and Canada broke down after US Commerce Secretary Rutnick exerted last-minute pressure, leading to President Trumps announcement of new tariffs on Canadian goods and Canadian Prime Minister Carneys vow to retaliate. Sources say Rutnick believed the framework agreement was too lenient for Canada and became a mouthpiece for US metal producers looking to retract concessions. Some Canadians accused him of changing the negotiation objectives, while some business leaders believed Rutnick successfully thwarted what they perceived as a threat to the US metal industry—an industry Trump had vowed to protect. Rutnicks last-minute intervention, bringing him deeper into the negotiations, again demonstrates his role as a "spoiler" within the Trump administration, often seizing on trade issues he believes the US can extract more leverage from. However, a White House official denied that Rutnick caused the breakdown, insisting instead that negotiations were interrupted by Canada making temporary demands outside the scope of the agreement.1. US crude oil futures closed down 2.39% at $84.98 per barrel; Brent crude oil futures fell 2.48% to $90.37 per barrel. The market awaited specific details of the new round of US sanctions against Iran. After several days of rising oil prices, long positions were closed for profit. Currently, crude oil is still being transported normally through the Strait of Hormuz, temporarily easing market panic about supply disruptions. US commercial crude oil inventories increased for the third consecutive week, easing short-term supply expectations and driving a price correction. 2. International precious metals futures closed mixed. COMEX gold futures rose 0.63% to $4710.00 per ounce, while COMEX silver futures fell 0.81% to $68.97 per ounce. US sanctions against Iran boosted geopolitical risk aversion, coupled with high US debt levels raising concerns about the dollars credibility. The debt narrative replaced the interest rate narrative, and market demand for safe-haven assets and asset allocation jointly pushed up gold prices. 3. London base metals traded mixed. LME lead rose 0.66% to $1910.5/ton, LME copper rose 0.21% to $14245.0/ton, LME zinc rose 0.10% to $3827.0/ton, LME nickel fell 0.25% to $17015.0/ton, LME tin fell 0.57% to $55570.0/ton, and LME aluminum fell 0.77% to $3212.5/ton. 4. The three major U.S. stock indexes closed mixed. The Dow Jones Industrial Average rose 0.26% to 53417.16 points, the S&P 500 fell 0.28% to 7652.86 points, and the Nasdaq Composite fell 0.76% to 25980.19 points. Storage and optical communication sectors declined, with SanDisk and Seagate Technology falling more than 6%. The Wind US Tech Big Seven Index fell 0.29%, with Tesla down nearly 4% and Nvidia down nearly 3%. SpaceX fell over 1%. The Nasdaq China Golden Dragon Index fell 1.66%, with XPeng Motors down over 8% and Pony.ai down over 8%. European stock markets closed mixed: the German DAX fell 0.11% to 26,106.60 points; the French CAC40 fell 0.37% to 8,453.01 points; and the UK FTSE 100 rose 0.35% to 10,854.32 points. Geopolitical tensions between the US and Iran weighed on markets, with investors remaining cautious ahead of Nvidias earnings report and the Jackson Hole central bank conference.Artificial Intelligence: 1. Alibabas Wan3.0 video big data model officially launched. 2. Meta plans to launch the "HATCH" AI agent platform in the coming weeks. 3. Alibabas liver cancer AI model accurately identifies tiny tumors, featured again in a top international journal. 4. Nvidia in talks to invest in Perplexity, whose valuation may exceed $30 billion. 5. The Dark Side of the Moon: Kimi K2.5, the first-generation trillion-parameter multimodal model, will end its service life at the end of this month. 6. Amazon Web Services: AWS Glue 6.0 upgrade reduces AWS Glue prices by 30%. 7. Former OpenAI employee Luke Metz has joined Metas Super Intelligence Lab. 8. Lancium announced a partnership with Nvidia to advance the development of gigawatt-scale AI factories in its over 15GW portfolio. Integrated Circuits (Chips): 1. SK Hynix is introducing advanced packaging technology for its next-generation HBM solution. 2. Nvidias Groq 3 LPX AI inference accelerator is in full production. 3. Xiaomi unveils its new generation self-developed processor, the Xuanjie O3: using a 3nm process, integrating 24 billion transistors, with an AnTuTu score exceeding 5.22 million. Other: 1. Joseph Tsai and Wu Yongming increase their holdings of Alibaba shares by HK$120 million. 2. XPeng Group: The humanoid robot IRON will officially launch next year. 3. Institutions predict a 14% decline in global smartphone shipments in 2026; Samsung aims to regain the top market share. 4. Smart ring manufacturer Ora plans to raise up to $3 billion through an IPO, targeting a valuation exceeding $16 billion.
