On July 14, BofA's latest report indicated that the market is overly optimistic about the expansion commitments of South Korean memory giants. Regarding the slogan 'double capacity by 2030' shouted by South Korean President Lee Jae-myung, BofA estimated that, after accounting for capacity losses due to the closure of old plants for technology upgrades and the transition to more advanced processes, the actual annual expansion rate will be below 10%, and by 2030 it will be far from the doubling level.
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BofA: S. Korea's Memory Capacity Annual Expansion Expected Below 10%, Far Short of 2030 Double Target
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BTC Breaks Through $63,000
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Stablecoin Company Velocity Raises $38M in Series A Led by Dragonfly
London-based stablecoin payment infrastructure startup Velocity has announced the completion of a $38 million Series A funding round, led by crypto investment firm Dragonfly, with participation from Coinbase, Capital One Ventures, and Wintermute. Velocity CEO Eric Queathem did not disclose the valuation of the latest funding. Founded in 2025, Velocity focuses on providing stablecoin payment solutions for enterprises, payment service providers, fintech companies, and financial institutions, helping them optimize cross-border payments, fund settlement, and treasury management processes using dollar-pegged tokens. -
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On July 14, Berkshire Hathaway announced that Warren Buffett will convert shares. Buffett plans to convert 8,000 Class A shares of Berkshire into 12 million Class B shares. Buffett will donate 12 million Class B shares worth nearly $6 billion to four foundations. -
Iran: US Enters Formal War State
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DeepSeek Considers New Funding Round Just One Month After First Closing
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After DeepSeek's Latest Funding Round, Liang Wenfeng's Net Worth Surpasses Anthropic's Dario and OpenAI's Brockman
On July 14, according to foreign media reports, after DeepSeek completed its latest funding round, founder Liang Wenfeng's personal wealth more than doubled, making him the highest-net-worth founder among global AI large model companies. According to the Bloomberg Billionaires Index, Liang Wenfeng's current net worth is $36 billion (previously about $16.7 billion), surpassing Anthropic co-founder Dario Amodei and OpenAI co-founder Greg Brockman. This comparison only covers companies whose main business and majority of revenue come directly from AI large models, excluding large diversified technology groups such as Alibaba and Tencent, as well as AI industry chain-related companies like data centers and semiconductors. The vast majority of Liang Wenfeng's wealth comes from his controlling stake in DeepSeek. In June of this year, DeepSeek reportedly completed a 50 billion yuan financing round, with the company valued at over 330 billion yuan, and Liang Wenfeng personally contributed 20 billion yuan. According to the Bloomberg Billionaires Index, his shareholding was diluted to approximately 78%. (Jin Shi) -
Preview: US June CPI Data to Be Released Today at 20:30
On July 14, the US Department of Labor will release the US June CPI data at 20:30 Beijing time today, including the June unadjusted CPI year-over-year rate, seasonally adjusted CPI month-over-month rate, as well as the June seasonally adjusted core CPI month-over-month rate and unadjusted core CPI year-over-year rate. This may trigger market volatility. -
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