On May 22, Hark, an AI startup founded by Figure's Brett Adcock, announced the completion of a $700 million Series A funding round, achieving a valuation of $6 billion. The round was led by Parkway Venture Capital, with participation from Nvidia, AMD Ventures, Intel Capital, and others. The funds will be used to expand GPU infrastructure, accelerate the development of future AI models, and design and build next-generation AI hardware. (Financial Associated Press)
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AI Startup Hark Secures $700 Million in Funding with Investments from Nvidia, AMD, and Intel
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Besenet: Inflation Will Return to Target Levels, Fed Chair Waller to Optimize Growth and Price Stability Path
On June 24, U.S. Treasury Secretary Besenet stated that inflation will return to target levels, and Fed Chair Waller will optimize the path for growth and price stability. Trump and I understand the power of the bond market and have already seen the economic growth brought by artificial intelligence. (Sina Finance) -
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On June 24, according to monitoring by Trader T, the US spot Ethereum ETF experienced a net outflow of $82.18 million yesterday. -
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On June 24, the U.S. Senate passed a resolution regarding war powers related to Iran, with 50 votes in favor and 48 against, following a similar approval by the House of Representatives. This marks the first time such a resolution has been approved by both chambers of Congress. The resolution calls for the president to end military actions against Iran without a declaration of war or authorization of force from Congress. However, since this resolution is a joint resolution of Congress, it is not legally binding and does not require the president's signature, thus serving mainly a symbolic purpose. -
AI Smart Terminals Experience Full Explosion
On June 23, according to CCTV Finance, at the fourth Chain Expo, the original "Digital Technology Chain" was upgraded to the "Smart Technology Chain." This change in wording reflects that artificial intelligence is becoming the main character in the industrial chain. A newly established AI zone at the event gathered leading AI companies from both domestic and international markets, showcasing the entire chain from data and computing power to applications. Various AI products were on display, including AI glasses, smart cars with digital chassis, and humanoid robots that can play soccer. CCTV Finance reporters observed that the integration of artificial intelligence into the physical world is transitioning from mobile phones and computers to various new smart terminals. This year, the application of AI agents has also experienced a full explosion. Qian Kun, Senior Vice President of Qualcomm, stated that the empowerment of AI agents is leading to a significant upgrade cycle for existing terminal devices. China's industrial chain is very complete, and through continuous collaboration with Chinese partners, their products can quickly reach the market and gain global acceptance. Liu Xiangwen, Vice President of Alibaba Cloud Intelligence Group, noted that AI has evolved from mere chatting to becoming a productive force. The development of all stacks, whether GPU cloud or CPU, is progressing rapidly, and there is still greater potential ahead. -
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On June 23, Vitalik Buterin revealed that the Ethereum Foundation (EF) will reduce its budget by approximately 40% this year. According to its previously announced financial management plan, EF is transitioning from a model where it spends about 15% of its remaining funds annually to a model where it will spend about 5% annually after 2030, moving towards a long-term donation-oriented organization. To this end, EF will adjust its multi-client model, relying more on AI-assisted formal verification. The PSE privacy and scalability exploration team will shift from 'exploration' to a focus on building around zero-knowledge proofs. The scale and losses of Devcon events will be reduced, and large projects beyond Ethereum itself will also decrease. EF's institutional work will focus on smaller-scale, replicable CROPS-friendly deployment cases.
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