a brand new open-source model just dropped that is competitive with the best models on the planet. It's free. You can download it right now.And that's not even the most impressive part. Take a look at this trailer. It paints such an optimistic and really simple vision of what the future of artificial intelligence can be.A guy going fishing while AI is doing work for him. Here's another one playing tennis while AI is doing scientific research. bouldering while putting together spreadsheets.All of this is suc ...

"BLOOMBERG TECH" IS LIVE FROM THE HEART OF SILICON VALLEY WITH ED LUDLOW IN SAN FRANCISCO. ED: COMING UP, ALIBABA RELEASES ITS LATEST QWEN MODEL, CLAIMING PERFORMANCE ON PAR WITH ANTHROPIC. AMAZON SURPASSED $3 TRILLION IN MARKET VALUE FOR THE FIRST TIME, EXTENDING GAIN AFTER A BIG CLOUD AND AI DRIVEN EARNINGS REPORT LAST WEEK.AWS CEO MATT GARMAN JOINS US LATER. AND HOW APPLE IS REINVENTING ITSELF AS A SUBSCRIPTION GIANT. WE WILL DIVE INTO THE DETAILS OF THE IPHONE MAKERS APPLE UPGRADE PROGRAM AND ITS NEXT E ...

Market Dynamics - Alibaba launches Qwen3.8-Max model as China's latest artificial intelligence challenger to OpenAI and Anthropic [1]

Market Trends and Macroeconomics - The U.S. and Japan conducted their first joint currency intervention in 15 years, spending approximately 53 billion dollars (5.3 trillion yen) to defend the weakening yen[1][11][14][30][75] - Brent crude dropped below 85 dollars and WTI crude fell below 80 dollars following President Trump's cancellation of military strikes and maintenance of talks with Iran, while Iran discussed safe passage through the Strait of Hormuz with Oman[7][8][43] - The Philadelphia Semiconductor Index plunged 21% to mark its worst month since October 2008, while Asian stocks faced downward pressure with South Korea's KOSPI index reversing part of its 18% surge[4][42][45] Industry Dynamics and Mergers - Italy's Prysmian reached an all-cash deal to acquire electrical equipment manufacturer Atkore for 3.8 billion dollars including debt, driving Atkore shares up more than 26%[9][44][62] - Bristol-Myers Squibb and AstraZeneca explored a potential merger to create one of the world's largest drugmakers, causing Bristol-Myers shares to jump around 7% to 8% while AstraZeneca investors remained skeptical[8][9][32][44] - Alibaba released a new flagship AI model with performance on par with Anthropic's, planning a public download release the following week[4][28][80] Corporate Performance and Financial Markets - Prysmian plans to raise 20% of the enterprise value as new equity for the Atkore acquisition while maintaining its investment grade[69][70] - Ferguson is set to join the S&P 500 index and replace Electronic Arts, boosting its shares by nearly 8%[9][44] - The U.K. 10-year gilt yield fell 8 basis points to outperform the rest of European bonds[6]

Macro Markets and Geopolitics - The United States and Japan confirmed a joint intervention to buy Japanese yen after the currency dropped to a 40-year low [1] - US stock futures rose sharply with Dow futures up 400 points following the cancellation of a planned military strike on Iran [2] - OPEC plus announced new measures to adjust oil output, supporting the easing of geopolitical tensions [3] - Federal Reserve Chair Kevin Worsh faces a credibility test regarding the central bank's independence from the White House [9] Technology and AI Industry - Apple CEO Tim Cook described current memory chip pricing issues as a 100-year flood due to severe supply constraints [3][4] - Alibaba unveiled QN 3.8% Max, its most advanced artificial intelligence model to date [4] - The situational awareness hedge fund, once valued at 45 billion dollars, suffered major losses in a rapid AI stock rout [6] - The European Union's AI act took effect, requiring firms such as Anthropic and Open AI to disclose AI-generated or edited content [7][8] Corporate and Sector Dynamics - Astroenica shares fell following reports of merger discussions with Bristol Meyer Squib [7] - WestJet cancelled over 300 flights due to a flight attendants' strike before reaching a tentative deal [9]

Macroeconomics and Foreign Exchange Markets - The United States and Japan warned of further coordinated actions in foreign exchange markets following their first joint intervention in 15 years to support the Japanese currency from a near-decade low [1] - Historical data shows that Japan's FX reserves saw a reduction in securities holdings of 75 billion dollars in the month of May, marking the largest one-month reduction [15] - Market analysts project that the Bank of Japan could raise interest rates by 25 basis points to reach a policy rate of 1.25% in September [18][20] - Crude oil prices tumbled by about 5% as geopolitical tensions eased with President Trump calling off a planned attack on Iran and announcing new talks [22][28] Banking and Corporate Mergers - Monte dei Paschi is reportedly exploring a takeover of Banco BPM after a previous merger plan collapsed over the weekend [41][42] - British drugmaker AstraZeneca is set to explore a potential megadeal with Bristol-Myers Squibb, which could rank as the largest ever in the pharmaceutical industry [46][51] - Alibaba released a flagship AI model that market participants regard as competitive with Anthropic, leading to a 7% stock increase in Hong Kong [31] Geopolitics and European Affairs - Spain confirmed that 50,000 people have illegally crossed the border between Morocco and Spanish enclaves, prompting the European Union to convene emergency talks [51] - FIFA leadership faces mounting pressure and regulatory backlash from international football bodies following plans to privatize its commercial arm [92][94]

Energy & Geopolitics - Brent crude prices dropped by 5% to 5.5% (trading at around $83 per barrel), driven by lowered geopolitical tensions and U.S.-Iran negotiation updates [3][20][92][144] - The Strait of Hormuz remains a critical logistics bottleneck, with traffic remaining low compared to normal levels and geopolitical tensions continuing to impact oil transport and refining capacities [25][159][189] - European energy infrastructure faces severe strain as extreme heat and droughts cause major river level drops, impacting freight rates, power generation, and leading to the temporary shutdown of a nuclear power plant in Hungary [43][169][171] Macroeconomy & Central Banks - The U.S. and Japan conducted a coordinated currency intervention (involving over $50 billion by Japan), driving a significant strengthening of the yen against the dollar and raising expectations for potential Bank of Japan rate hikes [31][32][66][69] - The Federal Reserve faces a potential regime change and credibility concerns under Kevin Warsh's proposed policy meeting adjustments, contributing to a steeper yield curve and increased market volatility ahead of key U.S. nonfarm payroll data [36][37][49][79] - Global capital markets are experiencing tightened liquidity, with McKinsey estimating AI-related infrastructure and debt demand reaching $6.7 trillion by 2030, while private asset and debt drains increase market dispersion [54][55] Corporate Mergers & Technology - AstraZeneca explored a potential multi-billion-dollar merger with Bristol-Myers Squibb to expand its U.S. footprint, which would be one of the largest pharmaceutical deals in history (valued at over $400 million mentioned in talks/monster scale), causing AstraZeneca shares to drop over 6% due to investor skepticism [11][80][120] - Chinese AI developers (including DeepSeek and Alibaba) are rapidly catching up with global U.S. leaders by releasing flagship models with competitive performance claims, putting pressure on traditional tech and hyperscaler business models [42][76][142]

Geopolitical Impact and Commodity Markets - Oil prices slumped and Brent crude dropped significantly at the open while gold saw gains following diplomatic developments and expectations of reopening the Strait of Hormuz [2][5][18] - Goldman Sachs projected Brent oil prices averaging 80 dollars a barrel and WTI at 70 dollars a barrel in the fourth quarter, with worst-case scenarios reaching 120 dollars a barrel this year and 100 dollars a barrel next year if flow recovery is delayed [27][30] - China's EV adoption surpassed 60% of total automotive shares and strategic inventory building provided market flexibility during disruptions [32][33] - Goldman Sachs expected gold prices to reach 4,900 dollars by the end of the year, supported by structural central bank reserve diversification following asset freezes [38][39] Technology and Pharmaceutical Sectors - Alibaba released a new model with 2.4 trillion parameters while DeepSeek cut its input and output token prices by up to 50% amid intense competition [46][48] - Bloomberg Intelligence warned that the AI sector may remain unprofitable for the next three years due to intense price competition [51] - Daiichi Sankyo expected its innovative antibody-drug conjugate (ADC) products to be exempted from proposed U.S. tariffs on generic medicines and anticipated no negative bottom-line impact from exchange rate fluctuations at a 155 yen to one U.S. dollar forecast [62][64][66] Foreign Exchange and Insurance Markets - The U.S. and Japan conducted their first joint currency intervention in 15 years, leading to a 5% rally in the yen and prompting traders to unwind carry trades [53][56][57] - Prudential maintained a long-term investment strategy focused on Asia's underinsured markets, energy transition, and infrastructure while pursuing majority control in an Indian insurance operation with an investment of half a million dollars [85][90][95]

Macroeconomic & Foreign Exchange Market - Japan and Washington confirmed their first joint currency intervention in 15 years, successfully pushing the dollar-yen exchange rate below the 157 mark and recently trading at 155 [1][2][3][7] - The scale of the intervention on Friday was approximately $53 billion, making it expensive to go short on the market and putting a top on dollar-yen at around 164 [10][13] - Market pricing indicates a 40% probability that the Bank of Japan will raise interest rates in September [12] - China's official manufacturing Purchasing Managers' Index (PMI) softened into contraction, coming in at a miss of 50.9% compared to analysts' expectations of a 52% handle [36][80] - Macau's gaming revenue fell 8.4% year-on-year in the month of July due to travel disruptions from typhoons and distractions from the World Cup [164] Artificial Intelligence & Technology Sector - DeepSeek released its updated model (V4-Flash), achieving an intelligence score increase from 40 to 50 on unofficial analysis leaderboards while offering input and output token price cuts of up to 50% [104][105][106] - Alibaba released its new Qwen Max AI model boasting 2.4 trillion parameters and Anthropic-tier performance parity [128][132] - Moonshot AI reportedly has access to 20,000 NVIDIA H-200 chips through a compute agreement with Alibaba [18] - Semiconductor shares such as SK Hynix and Samsung declined sharply by about 7% each amid a broader regional sell-off and a re-thinking of memory and AI trades [88][183] Corporate & Real Estate Performance - Hang Lung Properties reported underlying leasing profit growth and strong foot traffic, with its new mall contributing 37 million in rent over two months and achieving approximately 90% lease occupancy [49][50][52] - Luxury retail brands in mainland China showed signs of stabilization rather than falling, though consumer sentiment remains cautious [57]

Market Dynamics - Alibaba released the Qwen3.8-Max model, featuring 2.4 trillion parameters [1] Industry Competitiveness - Alibaba claims the new model rivals Anthropic's Fable across multiple benchmarks [1]