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Business News 16 July 2025 - 15 August 2025

Rate Cut Fever, Crypto Records & Tariff Turmoil: August 2025’s Global Business Bombshells

Rate Cut Fever, Crypto Records & Tariff Turmoil: August 2025’s Global Business Bombshells

On August 13, 2025, the S&P 500 and Nasdaq closed at record highs as the Dow jumped about 1.04% (over 460 points) with traders pricing in a 25-basis-point Fed rate cut by the September meeting. Bitcoin hit an all-time high above $124,000 on August 14, 2025, supported by rate-cut bets and pro-crypto policy moves. Bullish, a cryptocurrency exchange operator, priced at $37 and debuted on the NYSE on August 13, 2025, with the stock surging to as high as $118 intraday and a market cap near $13.2 billion. Do Kwon, founder of Terraform Labs, pleaded guilty to U.S. fraud charges
14 August 2025
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Tech Turmoil: Courts Hacked, Space IPO Soars & Tech Titans Tussle – Global Roundup (Aug 7–8, 2025)

Tech Turmoil: Courts Hacked, Space IPO Soars & Tech Titans Tussle – Global Roundup (Aug 7–8, 2025)

Sony raised its full-year profit forecast to ¥1.33 trillion (~$9 billion) and cut tariff impact to ¥70 billion from ¥100 billion. Sony’s PlayStation division first-quarter PS5 sales rose to 2.5 million units, up 4%. SMIC’s Q2 revenue rose 16% to $2.2 billion, with net profit down 19% to $132.5 million, as contingency plans and strong domestic demand kept capacity near full through October. Trump demanded Intel CEO Lip-Bu Tan resign over alleged ties to Chinese firms, sending Intel shares down about 3%; Intel is backed by roughly $8 billion in CHIPS Act subsidies. The Administrative Office of the U.S. Courts
8 August 2025
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Global Tech Roundup: Musk’s $29 B Windfall, Security Scares & Satellite Shakeups (Aug 4–5, 2025)

Global Tech Roundup: Musk’s $29 B Windfall, Security Scares & Satellite Shakeups (Aug 4–5, 2025)

Spotify raised its Premium Individual plan price to €11.99 from €10.99 across Europe, Asia-Pacific, the Middle East, Africa, and Latin America, effective September, and shares jumped almost 8% on the news. Nintendo offered a late-July Switch 2 showcase, signaling more simultaneous third-party launches and no official release date yet. Figma debuted on July 31 with a $68 billion valuation, but by August 4 its stock was about 23% below the post-IPO peak and its market cap hovered near $60 billion, roughly three times Adobe’s 2023 offer. Microsoft briefly crossed a $4 trillion market capitalization on August 1, 2025, up nearly
5 August 2025
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Quantum Computing’s Weekend Bombshells (Aug 3–4, 2025): Breakthroughs, Big Bets & New Rules

Quantum Computing’s Weekend Bombshells (Aug 3–4, 2025): Breakthroughs, Big Bets & New Rules

Fujitsu announced it has begun developing a superconducting quantum computer with over 10,000 physical qubits, aiming for completion in fiscal 2030, and a STAR fault-tolerant architecture to reach 250 logical qubits by 2030 and 1,000 by 2035. IonQ and Oak Ridge National Laboratory demonstrated a hybrid quantum-classical approach to a Unit Commitment power-grid optimization using IonQ’s 36-qubit Forte system in the DOE GRID-Q program. Rigetti Computing announced 99.5% two-qubit gate fidelity on its 36-qubit modular processor built from four 9-qubit chiplets, with a launch on August 15 and a plan to exceed 100 qubits by year-end 2025. Quantinuum opened a
4 August 2025
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AI Frenzy: Billion-Dollar Deals, Breakthroughs & Backlash (Aug 3–4, 2025)

AI Frenzy: Billion-Dollar Deals, Breakthroughs & Backlash (Aug 3–4, 2025)

On August 2, 2025, the EU AI Act reached a milestone with governance standards, general-purpose AI (GPAI) classification and a sanctions regime coming into force, as Alphabet’s Google signed the EU’s voluntary AI Code of Practice while Meta declined. A U.S. Senate plan led by Ted Cruz and Marsha Blackburn to preempt state AI regulations was revised to a five-year moratorium with carve-outs on issues like artists’ voices and child safety, drawing opposition from 17 Republican governors led by Arkansas Governor Sarah Huckabee Sanders and criticism from Senator Maria Cantwell. At WAIC, Chinese Premier Li Qiang proposed a new international
4 August 2025
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AI’s Wild 48 Hours: Apple Opens Wallet, Musk Bends to EU, Breakthrough AI Models & More (July 31–Aug 1, 2025)

AI’s Wild 48 Hours: Apple Opens Wallet, Musk Bends to EU, Breakthrough AI Models & More (July 31–Aug 1, 2025)

Major Research Breakthroughs in AI Corporate Announcements and AI Initiatives Government Policy and AI Governance Updates Noteworthy AI Applications & Business Impacts In sum, the last two days brought a flood of AI developments: breakthrough research in security (AI spotting code bugs and prison threats) and science (AI designing battery materials and health campaigns), major corporate bets (Apple loosening its purse strings, Meta doubling down on an AI future, Microsoft and NTT launching global AI programs), significant policy maneuvers (the EU corralling AI firms into a code of conduct, the US grappling with how to govern AI without throttling it),
1 August 2025
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Wall Street Shocked by AI Surge: What Happened on July 24–25?

Wall Street Shocked by AI Surge: What Happened on July 24–25?

On July 24, 2025, the S&P 500 rose 0.07% to a fresh record close, its fourth consecutive such close. The Nasdaq Composite gained 0.18% to its own all-time high on July 24, 2025. The Dow Jones Industrial Average fell 0.7% on July 24, 2025. <liAlphabet (GOOGL) posted a strong Q2 beat and announced a $10 billion boost to its 2025 capital expenditure budget, now $85 billion, to expand AI chips and data centers. Alphabet’s cloud division revenue jumped about 32% in the quarter. Nvidia rose 1.7% on July 24, 2025, providing the biggest lift to the S&P 500. Intel unveiled
25 July 2025
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AI’s 48-Hour Frenzy: Breakthroughs, Billion-Dollar Bets & Bold Policies (July 22–23, 2025)

AI’s 48-Hour Frenzy: Breakthroughs, Billion-Dollar Bets & Bold Policies (July 22–23, 2025)

Google and OpenAI won gold medals at the International Mathematical Olympiad by solving 5 of 6 problems with new general-purpose reasoning based on natural language understanding. OpenAI disclosed its experimental model scaled up test-time compute to think longer and in parallel, a very expensive undertaking. Google DeepMind’s Gemini Deep Think, unveiled in May, solved IMO problems within the 4.5-hour limit entirely in natural language. MIT CSAIL and Facebook AI researchers presented ICML 2025 work showing image generation with encoder-only tokens, enabling inpainting without a generator and morphing a red panda into a tiger. Alibaba’s Qwen-3 Coder, open-sourced for software development,
23 July 2025
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AI Revolution Unfolds: Big Tech Bets, Breakthroughs & Bold Policies (July 21–22, 2025)

AI Revolution Unfolds: Big Tech Bets, Breakthroughs & Bold Policies (July 21–22, 2025)

Google will invest over $25 billion in U.S. AI-related data centers and infrastructure over the next two years, plus $3 billion to modernize two Pennsylvania hydropower plants to power AI data centers, under the AI Works for America initiative. Project Stargate, originally pitched as a $500 billion effort with $100 billion upfront, is being scaled back to building a small data center by year-end (likely in Ohio) after term disputes between OpenAI, SoftBank, and Oracle. Moonvalley raised an $84 million funding round led by General Catalyst, bringing total funding to $154 million to develop licensed-content based, ethical AI video tools
22 July 2025
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AI in Overdrive: Breakthroughs, Billion-Dollar Bets, and Bold Policies – News Roundup (July 20–21, 2025)

AI in Overdrive: Breakthroughs, Billion-Dollar Bets, and Bold Policies – News Roundup (July 20–21, 2025)

OpenAI’s experimental large language model earned a gold medal at the 2025 International Math Olympiad, solving 5 of 6 problems for 35/42 points, with OpenAI’s Alexander Wei hinting that GPT-5 will be a system of multiple specialized models orchestrated by a routing algorithm. ChatGPT introduced an autonomous ‘Agent’ mode on July 17, enabling web browsing, plugins, and online purchases, though it remains unavailable in the EU due to regulatory uncertainty. AWS unveiled ‘AgentCore’ for building autonomous AI agents, including a sandboxed code interpreter and integrated web browser, and pledged $100 million to fund ‘agentic AI’ startups via its Generative AI
21 July 2025
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Inside Samsung: How the Tech Giant is Dominating Every Industry It Touches

Inside Samsung: How the Tech Giant is Dominating Every Industry It Touches

Samsung was founded in 1938 by Lee Byung-chul as a trading company and later diversified into electronics in the late 1960s, becoming South Korea’s largest chaebol. After Lee Byung-chul’s death in 1987 the group was split among family branches, but the Lee family still controls via cross-shareholdings and Samsung Group accounts for about 20% of South Korea’s GDP. Samsung Electronics, headquartered in Suwon, is the crown jewel and one of the world’s largest tech companies, dominating memory chips and operating major display and foundry businesses. Samsung became the world’s largest mobile phone maker by units in 2012, overtaking Nokia. The
16 July 2025
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