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On August 27, NVIDIA announced its financial report, with Q2 revenue for FY2027 at $96.2B, a year-on-year increase of 106%. Data center revenue was $89.0B, a year-on-year increase of 117%. The Q3 revenue guidance is $108B, and it anticipates a revenue growth of about 70% for FY28. WEEX TradFi shows that the AI hardware sector is also rising, with Lumentum (LITE) up 10.16% in 24 hours, Arm (ARM) up 8.19%, and Western Digital (WDC) up 7.82%.WEEX Labs believes that this round of market activity is driven by "AI inflection point + high growth guidance," with funds spreading from GPUs to optical interconnects and storage. The short-term main focus remains on re-pricing guidance, and caution is advised regarding volatility after expectations are fulfilled.

NVIDIA's revenue for the second quarter of fiscal year 2027 increased by more than double year-on-year to $96.22 billion, exceeding market expectations of $92.17 billion; adjusted earnings per share were $2.22, surpassing the expected $2.10. Data center revenue grew more than double to $89 billion, higher than the expected $85.08 billion. The company expects third-quarter revenue of $108 billion (with a fluctuation of 2%), above analysts' expectations of $104.19 billion; the adjusted gross margin is expected to be 74% (with a fluctuation of 0.5 percentage points), lower than the market expectation of 74.77%.NVIDIA expects revenue to grow by about 70% in fiscal year 2028 and to expand its collaboration with AWS, with both parties planning to deploy an additional 2 million NVIDIA GPUs in Amazon's global infrastructure in 2027 and 2028. The company stated that revenue opportunities for AI chips could exceed $1 trillion before 2027. The third-quarter guidance does not include any sales from data center chips in China.After the earnings report was released, NVIDIA's stock price rose over 4% in after-hours trading. As of Wednesday's close, the market capitalization was approximately $5.16 trillion, with the stock price having increased by 12.4% year-to-date.

NVIDIA CEO Jensen Huang stated that the company has never provided performance guidance a year in advance.

Mizuho analyst Vijay Rakesh stated that NVIDIA's second-quarter earnings exceeding expectations has become a consensus, with the market focusing on AI spending outlook. Rakesh expects NVIDIA's adjusted earnings per share to be $2.08, with revenue at $92 billion, and the actual figures may be higher. He maintains a "Outperform" rating and a target price of $300.

According to reports from Intelligent Emergence, ByteDance has completed the team integration of its office AI products, with the TRAE and Coze teams being fully merged into the Doubao system. Among them, TRAE Work and Coze will integrate their product capabilities in work scenarios with Doubao, while TRAE IDE and CLI will continue to develop as a programming product line under the Doubao brand. After the adjustment, the relevant product and operations teams will report to Zhao Qi, the product head of Doubao.TRAE and Coze were originally part of ByteDance's Product R&D and Engineering Architecture Department, positioned respectively as AI programming products and AI intelligent entity development platforms. Starting this year, productivity agents have become an important strategic direction for Doubao, and the experience accumulated by both parties will be reused in Doubao. Following this adjustment, ByteDance has further clarified the AI core business positioning of Doubao, focusing AI office products on Doubao, and will launch the independent AI office product "Doubao Work" as a unified product and brand for AI office scenarios as early as this week.ByteDance responded that the adjustment aims to better coordinate product and technical resources to provide users with a higher quality AI work experience, and existing user rights will not be affected. Recently, Doubao has intensively updated office functions such as remote computer control, Windows virtual desktop, cloud computer, and side workbench, and has launched over 200 skills and connectors; the independent "Doubao Work" will also be deeply integrated with Feishu, with the former Feishu "Aily Intelligent Partner" having been renamed to "Doubao Work Partner."

According to LatePost, ByteDance is discussing a large model with training parameters exceeding 50 trillion, surpassing Alibaba's Qwen 3.8-Max (24 trillion) and Moonlight K3 (28 trillion), making it the largest known plan in the country so far. This plan is still in its early stages and does not guarantee a final release. The new model is intended to be led by Xiang Liang, head of Seed Foundation, in collaboration with Shen Ke, who is responsible for the pre-training data of large language models. Seed is reorganizing, dividing responsibilities, and allocating resources based on this.Two weeks ago, ByteDance founder Zhang Yiming held a company-wide meeting with Seed head Wu Yonghui. Zhang reassured the team that training large models is inherently difficult and that it is acceptable to lag behind for a period of time, hoping to aim for the upper limits of intelligence and join the world's top tier. He acknowledged that programming is a key direction at present, advocating for the integration of Volcano Engine, Feishu, and Doubao resources to build computational power and data advantages, while reminding not to be led by a single hot topic. He praised Seedance's differentiated leadership and clearly opposed distillation, believing it is difficult to truly surpass and that AGI barriers should be built from a more fundamental level, stating that the company will continue to increase investment in AI.In the past six months, Seed's multimodal performance has been outstanding, with Seedance 2.0, Seedream, and others driving Volcano Engine MaaS, but the market response to the language model Seed 2.0 has been limited, and its lagging coding capabilities have affected the revenue structure. ByteDance has hired Guo Daye at a high salary to specialize in coding and has consolidated related resources. In the face of the industry's general trend of increasing model sizes, ByteDance hopes to achieve a leapfrog advantage with a larger scale while promoting the elimination of horse racing and breaking down departmental walls to concentrate efforts on tackling challenges.

China has begun to relax import restrictions on NVIDIA's H200. ByteDance and Tencent have each received about 10,000 H200 in recent weeks, and several other tech companies may soon be approved for similar quantities.The United States had previously approved several Chinese companies to purchase H200, but the transactions had been stuck in the Chinese approval process. Now, chips are finally starting to enter the mainland in batches, but it is far from a complete opening.Beijing currently only allows a small number of H200 to enter the mainland, hoping that companies will deploy more chips in overseas regions such as Hong Kong. Mainland procurement still requires separate approval. This approach allows leading AI companies to continue using NVIDIA to train cutting-edge models while also leaving market space for domestic chips like those from Huawei.

The Bitcoin Treasury Company Strategy officially announced that it will hold a live investor Q&A on August 17 at 12:00 PM Eastern Time. The company's founder and executive chairman Michael Saylor and CEO Phong Le will be present.It is reported that this investor Q&A is expected to focus on market topics of interest, including the company's Bitcoin strategy, capital operations, financing plans, and future business directions.

In response to rumors on social media about "Doubao recommending hotels for a fee," Liu Xing, the head of public affairs for Doubao at ByteDance, stated on the evening of August 10 that the related statements are inaccurate. He indicated that Doubao's life service business currently does not have paid promotions, and Doubao does not charge advertising fees for hotel recommendations; merchants cannot influence recommendations or rankings through payment, and only pay channel service fees after an order is completed.Liu Xing pointed out that some platforms adopt a "commission + advertising" charging model, while Doubao primarily charges based on completed transactions at this stage, making direct comparisons inappropriate. For merchants, the actual channel costs and the effects of new orders are more meaningful references. He also mentioned that Doubao's life service business is still in a very early exploratory stage.

The cryptocurrency hardware wallet manufacturer Coldcard has released an update on its customer data retention policy. Due to legal compliance requirements arising from the security incident disclosed on July 30, the company has temporarily suspended its original automatic customer data deletion mechanism.Previously, Coldcard's standard practice was to automatically clear customer records after 120 days, retaining only the user's email address and country information, while allowing customers to request early deletion of data at any time after product delivery. Coldcard stated that due to the security incident involving ongoing and potential legal proceedings, the company is obligated to retain records that may be relevant to litigation. Therefore, customer data that was originally scheduled for deletion will be temporarily retained until the law permits the resumption of normal processes.However, users can still request Coldcard to handle their personal information according to the original data retention policy. If users wish for their data not to be included in this legal retention scope, they can contact official customer service to make a request. Coldcard emphasizes that the retained data will be strictly protected, accessible only to authorized personnel, and will not be used for any purposes other than fulfilling legal obligations. The company will restore the previous automatic data deletion mechanism once legally permissible.

The Volcano Engine officially launched the Seedance 2.5 API. Compared to Seedance 2, the new version has significantly improved in areas such as instruction adherence, long narratives, character consistency, realism, lighting and shadow quality, and sound effects. It natively supports 30-second video output, a maximum of 50 multimodal material references, and is compatible with more than a dozen languages.

According to the Financial Times, as Chinese companies continue to narrow the gap with the top AI labs in the United States, ByteDance is training an AI model that may be close in scale to Anthropic's advanced Mythos system. According to three insiders, this Chinese tech giant is currently in the early stages of training a large-scale model, which may have a parameter count reaching the trillions, approximately three times that of the largest model released in China, the Kimi K3 model under the Moonlight brand.One insider stated that ByteDance's model is currently undergoing pre-training, a phase that typically takes three to six months. If all goes well, it will then undergo fine-tuning and be released. The specific scale of the model will be determined later. Anthropic has not publicly disclosed the parameter scale of its models, but industry estimates suggest that its advanced Mythos 5 model has a parameter count of about 8 trillion, while Fable 5 has around 5 trillion.It is important to note that the number of parameters determines the model's basic capacity for storing information or memory limit, but the actual capabilities of the model also depend on other factors, including data quality and training methods.

According to a report by LatePost, ByteDance is discussing training a model with a parameter scale exceeding 50 trillion, surpassing Alibaba's Qwen3.8-Max (24 trillion parameters) and the K3 from Dark Moon (28 trillion parameters), making it currently the largest known model in terms of parameter scale in the country. Generally speaking, the larger the model scale, the higher the level of intelligence.However, this plan is still in the early stages and does not guarantee that the model will ultimately be released. The new model will be led by Xiang Liang, head of SeedFoundation, in collaboration with Shen Ke, who is responsible for the pre-training data of large language models. To this end, Seed is reorganizing, defining responsibilities, and allocating resources.

According to the Financial Times, even after deciding not to disclose too many details about interest rate strategies, which led to a significant sell-off of government bonds, Federal Reserve Chairman Waller still insists on his usual concise communication style.People close to Waller have stated that he acknowledges making some mistakes in the first 10 weeks of leading the world's most important central bank, including failing to reinforce his key messages about price stability and causing confusion about whether his long-term plans to reform the Federal Reserve would affect recent policy decisions. However, they insist that these mistakes are not enough to overturn Waller's plans for Federal Reserve reform.Informed sources also revealed that if strong inflation data is released in the coming weeks and market expectations for rising borrowing costs increase, Waller is prepared to raise interest rates at the September meeting. The sources added that although the Federal Reserve Chairman has suggested the possibility of reducing the central bank's $6.7 trillion balance sheet to tighten monetary policy, interest rates remain the primary tool and will be used if necessary at the upcoming meeting.

ByteDance founder Zhang Yiming clearly stated at the Seed team all-hands meeting last month that the company will not use model distillation as a shortcut to catch up with large models, even if it temporarily falls behind domestic competitors. He urged the team to be willing to sacrifice short-term gains for long-term goals.Distillation refers to allowing a new model to learn from the outputs of a stronger model, which can save training time and computational power. Internally, ByteDance believes that this choice will make it more difficult for Seed's language model to catch up with domestic peers like DeepSeek, Kimi, and Qianwen in the short term. However, ByteDance is more concerned about political risks: the company has long faced scrutiny from the U.S. government due to TikTok, and if it is accused of massively extracting the capabilities of cutting-edge U.S. models, Washington may apply pressure on TikTok again. Previously, Anthropic accused DeepSeek, Dark Side of the Moon, MiniMax, Zhiyu, and Alibaba of massively extracting Claude's capabilities, but did not name ByteDance.

According to The Information, ByteDance founder Zhang Yiming told employees at a meeting last month that the company would not use distillation technology to advance its artificial intelligence model capabilities, even if it means the company temporarily falls behind domestic competitors.

Websea, in collaboration with the Hong Kong Causeway Bay Group, the Asia Blockchain Association, the Central Asia (Kazakhstan) Zhejiang Federation, the Natural Coal Mine Group, Orenance, and the World Kazakh Association, will hold the Global RWA Summit in Almaty on August 18, with confirmation of attendance from the Kazakhstan government and the Deputy Prime Minister.As the core joint unit, Websea is the only digital asset trading platform included in the national strategic level of Central Asia for this summit, coordinating global resource connections and agenda setting. This summit is the first RWA special summit in the Central Asia region supported by high-level government officials, spanning multiple industries including energy, finance, and blockchain.From the landing of innovative products to the layout of TradFi asset chain integration, Websea's positioning is no longer limited to a single product level but is building an RWA asset trading hub with intergovernmental dialogue capabilities.

According to Jinshi reports, BlueBay Chief Investment Officer Mark Dowding pointed out in a report that if Federal Reserve Chairman Waller abandons forward guidance, it may increase the market's risk of losing confidence in the Federal Reserve. He stated that during the periods when previous Federal Reserve chairmen implemented forward guidance, the institution enjoyed a high level of trust and credibility. However, if it falls into a state of information vacuum, market doubts may intensify, and trust in the Federal Reserve may begin to waver.Dowding also noted that the current level of U.S. debt has reached a historic high, and if a laissez-faire attitude is taken towards market trends, it could lay the groundwork for significant risk hazards.

According to a report by the South China Morning Post citing informed sources, ByteDance's AI business has achieved an annual revenue of $4 billion, the highest known level in the domestic market, but still far behind leading AI companies in the United States. Previously, ByteDance announced through an internal email the integration of the Feishu and Doubao product teams and GTM system, with Doubao head Zhao Qi leading the product line and Volcano Engine head Tan Dai responsible for the new ToB GTM organization "Creativity Service Platform," aimed at building "stronger AI product competitiveness and customer service capabilities."This integration is the largest adjustment to the ToB business since ByteDance's business segmentation in 2021. The Doubao enterprise version, developed with the participation of the Feishu team, has already entered internal testing with some clients. The report pointed out that ByteDance's AI revenue mainly comes from enterprise API calls of the Doubao large model, AI cloud services, and enterprise-level AI solutions.