From Wall Street hitting new highs to an AI upstart targeting a piece of Google’s empire, the past two days brought a flurry of major developments across global business. Below is a structured roundup of the top news from August 12 and 13, 2025, spanning finance, technology, energy, retail, automotive, and healthcare. Finance & Markets…
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MolmoAct 7B, unveiled by Seattle’s Allen Institute for AI (Ai2), is a 7‑billion‑parameter open‑source model that lets robots plan 3D trajectories before execution and achieved 72%+ success on simulated benchmarks. Beijing‑based Zhipu AI released GLM‑4.5V, a 106B‑parameter open‑source visual reasoning model (12B active) with 64K context, 41 multimodal benchmarks, and 3D RoPE encoding, alongside a…
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The Reserve Bank of Australia cut its cash rate by 25 basis points to 3.6% on Tuesday, its third cut this year, with Governor Michele Bullock signaling further easing may be needed. China’s factory-gate prices fell 3.6% year on year in July while consumer prices were flat, underscoring deflationary pressures. U.S. markets were about 90%…
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The Nasdaq Composite notched its 18th record closing high of 2025. OpenAI released GPT-5 on August 7, billed as the “smartest, fastest, most useful” model, now available to 700 million ChatGPT users, with a target of a $500 billion valuation in secondary-share sales. Federal Reserve Vice Chair Michelle Bowman signaled three rate cuts likely by…
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On Aug 7, 2025, Dow Jones fell 0.5%, the S&P 500 fell 0.1%, the Nasdaq rose 0.3% to a record high, as Eli Lilly dropped 14% on weak weight-loss drug data. On Aug 7, 2025, the United States imposed about 100% tariffs on imported chips and electronics, with carve-outs for companies that manufacture in the…
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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…
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Apple commits $100 billion to US manufacturing as part of the American Manufacturing Program, expands Corning to 100 percent of iPhone and Apple Watch cover glass in Kentucky, and partners with Samsung at its Texas chip fab on a “never-before-used” chipmaking technology. Sony raises its annual profit forecast to ¥1.33 trillion (about $9 billion) and…
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From streaming shake-ups to space races and breakthrough gadgets, here are the biggest tech stories and expert insights from August 5–6, 2025 (excluding AI). Consumer Tech & Media: Price Hikes and Podcast Pivots Gaming & Entertainment: Nintendo’s Next-Gen Moves Big Tech & Market Moves: IPO Surges and Stock Milestones Electric Vehicles & Transportation: Bumpy Roads…
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78% of companies now use AI in at least one business function, and 83% say AI is a top strategic priority. The global AI market is about $390 billion today and is forecast to reach $1.8 trillion by 2030. By mid-2025, 71% of companies regularly use generative AI, up from 65% six months earlier. Netflix…
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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…
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