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AI · Dynamic
NVIDIA's earnings significantly exceeded expectations, and it unusually provided annual earnings guidance ahead of schedule.
Beijing News reports that NVIDIA (NVDA.O) released its second-quarter fiscal 2027 earnings report after hours on Wednesday in the U.S., surpassing expectations, but still failed to impress some investors with high expectations, causing its stock to drop as much as 3% in after-hours trading. Following the report, Chief Financial Officer Colette Kress added further positive guidance during a conference call with analysts, estimating that the company’s revenue for fiscal 2028 will grow by approximately 70%, compared to the previous analyst consensus of 44%.
Kress said: “Incredibly, even at our current scale, demand continues to accelerate. Customer forecasts show growth doubling next year. However, as I mentioned earlier, due to supply constraints, we expect growth of approximately 70%.” NVIDIA CEO Jensen Huang stated that the company has never provided guidance a full year in advance, and actual demand growth has already exceeded 70%. While demand growth is nearing 100%, the 70% figure is based on the company’s current supply capacity. Without supply constraints, NVIDIA’s fiscal 2028 outlook would be “much higher.” NVIDIA’s shares rose as much as 5% in after-hours trading.
Sources: Anthropic will lease an Nscale data center for $45 billion, securing 460 megawatts of computing capacity.
BlockBeats reports that, according to sources, Anthropic will lease data centers from AI infrastructure company Nscale for $45 billion, gaining approximately 460 megawatts of computing capacity. The sources say Nscale will provide computing power to Anthropic from its data center in West Virginia, USA, and plans to invest $71 billion in developing the project.
Meta has reached a $16.7 billion settlement over multiple states' lawsuits alleging addiction in children.
Beijing News reports that Meta Platforms (META.O) has agreed to a settlement with U.S. states, with a maximum settlement amount of $16.7 billion. This landmark agreement addresses allegations that Facebook and Instagram were designed to harm children by inducing addiction. It is being viewed as the social media industry’s equivalent of the landmark tobacco industry settlements of the 1990s. The agreement is expected to fundamentally transform the entire industry and the way young people in the U.S. use social platforms.
Meta agrees to provide compensation to states for various public health purposes, including crisis intervention services, after-school programs, outdoor activities, and youth mental health initiatives. Meta also agrees to limit the daily time spent by users under 18 on Facebook and Instagram to two hours, prohibit access to the platforms between midnight and 6 a.m., and restrict notifications during school hours. Teens will also have the option to use a chronological feed instead of an algorithmically curated one; parents can set this option as the default. Children will also be unable to see like counts and other engagement metrics on posts.
Supported by 100,000 domestic chips, Zhipu has launched a lightweight flagship model comparable to DeepSeek.
BiTui report, according to LatePost, Zhipu has launched GLM-5.3 Flash, a lightweight flagship model designed to compete with DeepSeek V4 Flash, utilizing a cluster of over 100,000 domestic chips for the model’s inference services. It is understood that the compute providers may include Huawei, Moore Threads, and Hygon, though Zhipu has not commented on this information. In its technical documentation, Zhipu states that its cluster’s hardware efficiency and cost per token have reached levels comparable to mainstream NVIDIA GPUs, without specifying exact models.
Crypto · Market
[WSJ: JPMorgan recently evaluated launching its own stablecoin]
BlockBeats news, according to the Wall Street Journal, citing informed sources, JPMorgan recently evaluated launching its own stablecoin. As one of the world’s largest banks, JPMorgan has previously explored institutional-grade blockchain payments and tokenization applications through its blockchain platform, Kinexys, and has launched digital asset solutions for institutional clients.
JPMorgan Chase, Bank of America, Wells Fargo, and Santander are advancing the formation of a global stablecoin alliance to explore stablecoin infrastructure jointly supported by major financial institutions. The alliance plans to collaborate around stablecoins issued or backed by banks, aiming to meet demands in global payments, cross-border settlements, and digital asset trading. Current proposals are still in the exploratory phase, with specific structures and technical pathways yet to be finalized.
Six Bitcoin wallets that had been dormant for over ten years transferred 553.59 BTC within a week, valued at approximately $40.15 million.
Beepro reports that Galaxy Research tracking data shows that six Bitcoin wallets dormant since 2011, 2012, and 2014 transferred a total of 553.59 BTC between August 16 and 26, worth approximately $40.15 million. The earliest coins were purchased in June 2011 at around $14 each, now valued over 460,000 times higher; the most recent wallet transferred 40 BTC to the German crypto custodian bank Boerse Stuttgart Digital, yielding a return of over 1.53 million times.
Two of the six wallets are labeled "Salomon Client Dusted" and are associated with the pseudonymous plaintiff Noah Doe. Noah Doe filed a lawsuit in the New York Supreme Court, requesting the court to declare 39,069 dormant Bitcoin addresses as abandoned property under the state’s unclaimed property law, and served notice by sending dust transactions to thousands of wallets. Additionally, panic-driven transfers following the recent Coldcard hardware wallet vulnerability have also been considered a possible cause for the reactivation of old wallets.
[VanEck: 12 quantitative signals indicate Bitcoin's bear market has ended]
BitPush News: The X account bitcoinarchive reported that VanEck stated all 12 quantitative signals indicate that the Bitcoin bear market has ended. VanEck also noted, "Saylor's strategy sell-off looks like a classic newspaper headline bottom."
Macro · Institutions
U.S. inflation remained sticky in July, with second-quarter GDP growth held steady at 1.5%.
BitPush News: U.S. inflation rate for July unexpectedly held steady, marking the 65th consecutive month of clear above the Federal Reserve’s 2% target. The recent decline in inflation rates, which had risen due to the Iran conflict, has stalled, potentially intensifying internal Fed debates over whether to raise rates or hold them steady. Data released by the U.S. Bureau of Economic Analysis on Wednesday showed that the Fed’s preferred measure, the July PCE price index, rose 3.7% year-over-year, unchanged from June and above the 3.6% forecast by analysts. As trade negotiations between the U.S. and its second-largest trading partner, Canada, collapsed on Friday, new inflationary pressures triggered by tariffs may be on the horizon.
On a monthly basis, the PCE price index rose 0.2% in July, also exceeding economists' expectations. In June, the index had declined 0.1%, marking the lowest level since April 2020. The U.S. Bureau of Economic Analysis also updated its data on second-quarter economic growth, maintaining the annualized growth rate of U.S. real gross domestic product (GDP) at 1.5%.
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