new

According to a report by Reuters on September 28, Florida Attorney General James Uthmeier requested a judge on Monday to prohibit OpenAI from developing new artificial intelligence models without external oversight. This request is part of the state's lawsuit accusing OpenAI of harming children. Uthmeier also asked the court to order OpenAI to prohibit minors from using ChatGPT and to prevent the company from attributing human characteristics to the chat platform.Florida sued OpenAI in June, accusing it of misrepresenting the safety of ChatGPT, claiming that the platform provided information to school shooters, offered guidance on self-harm, and made young users addicted. The lawsuit was triggered by a shooting incident at a university in Tallahassee last year, as well as several other incidents in other states where it was alleged that ChatGPT provided information to individuals who later committed acts of violence. Uthmeier, a Republican, is also the first state attorney general to sue OpenAI over its impact on young users, and the company is facing related lawsuits filed by individuals and families.OpenAI spokesperson Drew Pusateri stated that the company has paused training its most powerful models and will not resume until additional safety measures are implemented, expressing a willingness to work with Florida and other states to promote pragmatic policies applicable across the industry. The company denies responsibility in these cases, stating that the chatbot provides information widely available online and continuously updates its safety tools. The request also cited recent comments from a former OpenAI employee and a current board member, stating that the development of artificial intelligence could lead to the end of humanity and must be slowed down.

According to a report by South Korea's "JoongAng Ilbo," a statement obtained from a former head of equipment investment at Changxin Memory Technologies (CXMT), who has a background at Samsung Electronics, reveals that the former CEO of CXMT, Wang Ningguo, summoned the Korean team, including the individual in question, from October to December 2016. He demanded they bring back Samsung Electronics' Process Recipe Plan (PRP) and equipment information, threatening to report them to the South Korean government if they failed to do so, and warned them to verify their connections and not to lie. The individual stated that they felt scared at the time. The report mentioned that CXMT's management referred to Samsung Electronics as "Huangshan."After working at Samsung Electronics for 28 years, the individual joined CXMT and was prosecuted for allegedly leaking and using Samsung's 1.6 trillion won investment in the world’s first 18-nanometer DRAM process without authorization. In April of this year, they were sentenced to seven years in prison in the first trial and are currently in the second trial. The PRP includes the sequence of about 600 steps in DRAM manufacturing, equipment, condition values, and the companies and models of the equipment. Park, a former process design engineer at Samsung, hand-copied the relevant content into a 12-page notebook in September 2016 and brought it out, and is currently under an Interpol Red Notice.During the court hearing, the individual stated that there was a claim made during communications with the Chinese side that investment would not be provided to CXMT if they could not produce the 18-nanometer process. They later learned that the other party had wanted the technology from the very beginning, and CXMT initially had no plans to develop it independently. The pressure mentioned occurred before a meeting to prepare for the investment application. CXMT was established in 2016 with an investment of 14.4 billion yuan from Hefei Industrial Investment, a subsidiary of the Hefei municipal government, and had not been profitable for about 10 years, achieving its first annual profit last year with a net profit of 7.1 billion yuan.

David George, a general partner at a16z, stated that OpenAI understands a rare but important thing: the purpose of a business is to create customers. He believes that OpenAI will not win solely due to model, chip, cost performance, or product leadership, but because it excels at creating new types of customers and has a more sustainable distribution strategy.David George indicated that in the context where intelligent services are widely available, the key is whether new usage behaviors can be awakened and distribution won. He summarized the leverage for building cutting-edge large-scale AI businesses as creating new behaviors, reaching a large number of users, pricing to capture value, and increasing conversion costs, and he believes that the last two are difficult to form long-term advantages; competition ultimately depends on the first two.The article also mentioned that OpenAI has found seemingly simple breakthroughs in areas such as chat interfaces, reasoning, tool invocation, and Computer Use multiple times, and is building long-term distribution in a platform manner. David George stated that OpenAI has a broad user base covering consumers, professional users, and enterprises, as well as the ability to deeply understand its own technology stack, thus being better positioned to discover reusable new patterns and foundational capabilities.

Manus officially launched version 2, which includes multiple updates in the underlying architecture, creative tools, and application layer.Upgrades to the underlying architecture and computing power: Equipped with the new generation self-developed Agent framework Cascade, tests show a 23.2% reduction in Token consumption, a 28.2% decrease in task duration, and a 32% reduction in costs; at the same time, the "cloud computer" was launched to provide a dedicated operating environment around the clock and supports automated workflows triggered by multiple software events.

According to The Wall Street Journal, OpenAI has canceled plans to release a new artificial intelligence model due to safety concerns.

The yield on the U.S. two-year Treasury note reached 4.952%, the highest level since May 2024.

CoinMarketCap announced on platform X that its Chief Product Officer David Salamon will assume the role of Chief Executive Officer, effective immediately. The former Chief Executive Officer Rush, after leading CoinMarketCap for five years, will transition to oversee the expansion of the group's new business line.CoinMarketCap stated that David Salamon joined CoinMarketCap in 2022 and during his tenure as Chief Product Officer, he led the development of CMC AI, which has surpassed 10 million users; he also spearheaded the reconstruction of CoinMarketCap's on-chain data infrastructure, with DexScan currently tracking 107 chains.

According to The Data Nerd monitoring, a few hours ago, a newly created wallet "0x80Fa" withdrew 17,500 QNT from Coinbase, worth 4.69 million dollars.

According to the official announcement, Gate ETF has launched the QNT3L/USDT and QNT3S/USDT trading pairs on September 28 at 17:00 (UTC+8), where QNT3L is a 3x long Quant (QNT) product, and QNT3S is a 3x short Quant (QNT) product, both with an initial net value of 1 USDT.At the same time, Gate opened the ETF new product trading challenge on September 28 at 17:30 (UTC+8), which will last until October 8 at 17:30 (UTC+8), with a total prize pool of 60,000 USDT. After completing registration, users can trade QNT3L/USDT or QNT3S/USDT to participate in multiple tasks such as the first order of new products, cumulative trading check-ins, the all-participant trading prize pool, and inviting friends.

According to Lookonchain monitoring, the newly created wallet address "0x80Fa" has just withdrawn 10,390 Quant (QNT) from the cryptocurrency exchange Coinbase, worth approximately 2.87 million dollars.

NVIDIA CEO Jensen Huang will meet again with Samsung Electronics Chairman Lee Jae-Yong and SK Group Chairman Chey Tae-Won in New York on September 28 local time, about two months after the three met in San Francisco in July. According to business insiders on the 27th, Lee Jae-Yong and Chey Tae-Won plan to attend the Korean Association's annual dinner at 6 PM that evening in New York, where Jensen Huang will attend as this year's Van Fleet Award recipient. Samsung Electronics is advancing its cooperation with NVIDIA.Topics of interest in the industry include high bandwidth memory. Reports indicate that Samsung Electronics Device Solutions Division Vice Chairman Choi Yong-Hyun met with Jensen Huang during his visit to Korea in June, where they discussed long-term cooperation on next-generation high bandwidth memory such as HBM4E and HBM5. The New York meeting may also involve wafer foundry services and advanced packaging, with discussions on next-generation wafer foundry cooperation also taking place during the June talks.

According to SoSoValue data, last week's trading days (Eastern Time from September 21 to September 25) saw a net inflow of $2.386 billion into Bitcoin spot ETFs.The Bitcoin spot ETF with the highest net inflow last week was Blackrock ETF IBIT, with a weekly net inflow of $1.158 billion, bringing IBIT's total historical net inflow to $65.28 billion; followed by Fidelity ETF FBTC, with a weekly net inflow of $702 million, bringing FBTC's total historical net inflow to $11.06 billion.The Bitcoin spot ETF with the highest net outflow last week was WisdomTree Bitcoin Trust BTCW, with a weekly net outflow of $4.0161 million, bringing BTCW's total historical net inflow to $7.865 million. As of the time of publication, the total net asset value of Bitcoin spot ETFs was $108.42 billion, with an ETF net asset ratio (market value as a percentage of total Bitcoin market value) of 6.43%, and the historical cumulative net inflow has reached $57.55 billion.

On September 24, Zach Pandl, the research director of the cryptocurrency asset management company Grayscale, published an article in the column The Stack stating that in the wave of artificial intelligence, the demand and supply paths for the computing power required to train, run, and operate models are diverging. Grayscale believes that this imbalance favors owners of already powered and operational computing capacity and brings growth-oriented investment opportunities.Zach Pandl stated that digital demand can expand instantly, but physical infrastructure such as electricity, data centers, chips, memory, and cloud services takes years to approve, access, and build. When artificial intelligence agents perform multi-step tasks, they may consume 5 to 50 times more compute tokens than typical chatbot interactions, and increased application layer activity will transmit to the underlying computing infrastructure.The article cites data from the International Energy Agency and Lawrence Berkeley National Laboratory, stating that data centers are expected to account for about half of the growth in electricity demand in the United States by 2030, and new projects may take more than five years to connect to the grid. Even if electricity is secured, permits, specialized labor, electrical equipment, cooling systems, GPUs, high-bandwidth memory, and networks are still needed. Continuous value will flow to power producers, data center operators, and artificial intelligence cloud service providers that can convert electricity into computation.

Michael Saylor stated that as AI changes the way businesses are built, digital tokens can help 10 million new companies raise funds and reduce fundraising costs and delays. He advocates for simplifying issuance rules while retaining information disclosure and anti-fraud protections. Michael Saylor is the Executive Chairman of Bitcoin Treasury Company Strategy Inc.He proposed that companies could adapt rules for token issuance based on the type of issuance and set information disclosure requirements that match the risks, while reducing legal costs and retaining ownership protections and fraud accountability. The U.S. Securities and Exchange Commission (SEC) also proposed a cryptocurrency issuance exemption plan, one of which allows qualified issuers to raise up to $5 million within four years, and another allows raising up to $75 million every 12 months; both are still proposals and come with disclosure and anti-fraud requirements.

California Governor Gavin Newsom signed a bill prohibiting California public officials from issuing meme coins.

According to Blockworks data, the cross-chain liquidity protocol THORChain achieved approximately $381,700 in revenue on September 25, setting a new high since April 25.The day's exchange trading volume reached $211 million, marking the second highest since April 23, only behind approximately $280 million on September 10.

Cryptocurrency KOL and former FTX community partner Benson Sun stated that he expects the current Bitcoin market to show a gradual new high slow bull trend, rather than forming a clear top after a rapid short-term rise like in 2013 and 2017. Before the true cycle top arrives, the market may experience multiple local top signals. He believes that after 2021, the main buyers of BTC have gradually shifted from retail investors to institutions such as publicly listed companies, spot ETFs, and corporate treasuries.Since institutions mainly buy spot, some funds will also use Delta Neutral strategies for arbitrage, and traditional indicators such as funding rates and MVRV Z-Score may not rise to extreme levels again at the cycle top. Recently, the cycle top is more likely to manifest as institutional funds losing momentum rather than retail sentiment becoming overly heated. The Institutional Liquidity Index (ILI) mainly references overall dollar liquidity, the mNAV of Strategy, and the net flow of Bitcoin ETFs to determine whether institutional funds follow up when BTC reaches new highs. When BTC sets a new rolling 30-day high while ILI does not rise simultaneously, it constitutes a yellow divergence; when BTC breaks historical highs while ILI diverges and is below 50, it constitutes a red divergence.Benson Sun indicated that he would use the frequency of yellow divergences as a reference for judging the cycle process: each occurrence would lead to a proper reduction in altcoin positions and leverage; as the market enters the later stages, he would gradually increase the proportion of BTC and ultimately retain only spot. If a red divergence occurs, he would stop participating further.