Crypto Market Turbulence and Trading Highlights Bitcoin and Ether Retreat: Late August saw notable profit-taking in crypto markets. Bitcoin (BTC) tumbled to about $108,400 – its lowest level since early July – after soaring to a record $124,000 on Aug. 13 cryptonews.com. This ~10% pullback from the all-time high extended BTC’s weekly losses to nearly…
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AI Research & Innovation Climate modeling revolution: Scientists at the University of Washington unveiled an AI-driven climate simulator that compresses millennia of weather into hours. Dubbed DL-ESyM, the model couples two neural networks (for atmosphere and ocean) and was trained on historical data washington.edu. The result: it can accurately simulate 1,000 years of Earth’s climate…
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OpenAI’s Stargate Norway data center, built in Narvik with Norwegian partner Aker and infrastructure provider Nscale, will deploy 100,000 NVIDIA GPUs by 2026, start at 230 MW with plans to expand to 520 MW, run on 100% renewable hydropower, and operate under the OpenAI for Countries program to provide sovereign AI capacity. On July 29,…
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OpenAI rolled out a new ChatGPT “study mode” on July 29, 2025, turning the chatbot into a personal tutor with step-by-step prompts, interactive quizzes, and tailored hints. Google DeepMind upgraded Google Search AI Mode on July 29, 2025, introducing Canvas to structure study guides from uploaded notes, with Live AI interactions via Google Lens and…
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The final General-Purpose AI Code of Practice was delivered to the European Commission on July 10, 2025. The EU AI Act will apply on August 2, 2025, with a one-year grace period for new GPAI models and two years for existing models before penalties. Adhering to the GPAI Code creates a rebuttable presumption of conformity…
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Circle Internet Financial’s NYSE IPO on June 5 priced at $31 per share, opened at $69, surged about 800% to over $270 within two weeks, pushing Circle’s market cap above $60 billion and the deal was oversubscribed roughly 25×. Coinbase and Kraken secured MiCA licenses to operate across all 27 EU member states (Luxembourg for…
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The European Union’s AI Act will be fully enforced by mid-2026, establishing strict rules for high-risk AI applications across member states. Capgemini agreed to acquire WNS Holdings for $3.3 billion to accelerate autonomous AI for enterprise operations. At the BRICS summit, UN Secretary-General António Guterres urged multilateral AI governance and announced plans for an independent…
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The EU’s AI Act is moving forward without delays, with general-purpose AI obligations beginning in August 2024 and high-risk models following in August 2026, with penalties up to 7% of global revenue. More than 45 European CEOs signed open letters urging a two-year pause, warning that overly complex regulation could hinder Europe’s global competitiveness and…
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Executive snapshot 1. Where the law stands today (mid-2025) Jurisdiction Binding instrument Status & key 2025 deadlines Direct requirements for generative / foundation models European Union Regulation (EU) 2024/1689 – “AI Act” Entered into force 1 Aug 2024; prohibitions apply 2 Feb 2025; general-purpose model rules kick in 2 Aug 2025 and most other obligations…
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