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The Tencent Cloud WorkBuddy and CodeBuddy teams released a notice regarding "Explanation of DeepSeek Model Service Abnormalities and Compensation Announcement." In response to the previous abnormalities in the DeepSeek model service, the team will fully refund the points consumed by affected users during the period from October 8 to 14.The announcement also offers an additional 500 points to all users of the domestic versions of WorkBuddy and CodeBuddy. Previously, DeepSeek apologized for the service system failure and announced a compensation plan, stating that the consumption amount of affected user accounts within 7 days (from October 8 to 14) will be fully refunded in the form of bonus points.

According to Beating reports, Tencent announced a deep integration of WeChat Work and WorkBuddy. In the new version of WeChat Work 5.0.12, WorkBuddy enters the corporate address book, allowing employees to chat with it, assign tasks, or pull it into work groups just like they would with colleagues, for summarizing group chats, organizing meeting to-dos, drafting emails, and returning results directly upon completion.WorkBuddy 5.8.0 supports logging in with a WeChat Work account. Within the scope of corporate authorization, it can access 10 office capabilities including chat messages, documents, meetings, and WeChat Cloud. Employees do not need to repeatedly upload materials, as they can handle tasks by combining previous discussions and project files, with results saved to WeChat Cloud with one click. The WorkBuddy bot can also connect to WeChat Work's built-in AI assistant "DaYuan" to collaboratively handle more complex tasks.Administrators can assign WorkBuddy accounts, set data access permissions, and through the "Observability Center," which will begin public testing on October 13, view the points consumption of various departments, model usage, task duration, and track which specific execution steps encountered issues. The new interoperability features are open to certified WeChat Work enterprises and offer a limited free trial quota.

According to Journal du Coin, France's 2027 budget bill was submitted to the National Assembly on October 1, and the Finance Committee began voting on ten cryptocurrency amendments starting October 7. As of October 8, three have been approved: the inclusion of stablecoin exchanges as taxable events (effective January 1, 2027), a departure tax applicable to crypto assets exceeding 800,000 euros, and the ability to defer crypto losses for ten years; a proposal to expand the personal wealth tax to include crypto assets was rejected; a tax reduction amendment submitted by Paul Midy was ruled invalid for violating Article 40 of the Constitution (which prohibits reducing public revenue).In addition, the EU DAC8 directive will require platforms to collect user identity and transaction data starting January 1, 2026, and will report to tax authorities for the first time by June 15, 2027, taking effect without a parliamentary vote. Another proposal aims to require reporting for self-custody wallets valued over 100,000 euros, with a maximum fine of 10,000 euros for non-compliance. The aforementioned amendments have not yet become law, and the full assembly will review them from October 13 to 19, with the final vote scheduled for November 17.

The U.S. Congressional Budget Office estimates that the total federal budget deficit for fiscal year 2026 will be $2 trillion, an increase of $218 billion from fiscal year 2025.Revenue is expected to increase by $169 billion, while spending is projected to rise by approximately $386 billion, with the increase in spending primarily coming from net interest on debt, welfare programs, defense, and education.

A proposal from the Lido governance forum aims to authorize a conditional LDO centralized exchange liquidity provision plan to reduce the risk of LDO trading pairs deteriorating or being delisted due to insufficient liquidity. The plan may provide up to $1.5 million worth of retrievable LDO inventory from the Lido DAO treasury (with a cap of 7.5 million LDO), and additionally allocate up to 480,000 USDC for fixed service fees and related costs for a maximum of 12 months.This authorization will expire if not activated within two years and will only be initiated when the Lido Growth Committee determines that CEX liquidity is insufficient or may become insufficient. The forum disclosed that the average daily trading volume of LDO over the past 90 days was approximately $34 million, down from $43.8 million in the previous 90 days and about $95.4 million during the same period in 2025. The proposal emphasizes that the plan aims to maintain bilateral liquidity and the continuous listing of trading pairs, is not intended for price manipulation, and currently does not specify any particular market makers or exchanges.

The National Assembly Budget Office of South Korea released a report stating that stablecoins could save South Korean merchants between 370 billion and 5.15 trillion Korean won (approximately 275 million to 3.8 billion USD) in payment processing fees each year. The report also warned that the widespread adoption of stablecoins could weaken banks' role as credit intermediaries and disrupt token pegs during large-scale redemptions. It suggested introducing reserve requirements, limiting stablecoin rewards, and strengthening regulation of tokens that may threaten financial stability. Regarding the issuance rights of stablecoins, there are differences between the Bank of Korea and the Financial Services Commission: the Bank of Korea prefers issuance to be dominated by bank-controlled issuers (holding at least 51%), while the Financial Services Commission believes excessive restrictions may hinder innovation. In addition, South Korea plans to expand the scope of tokenized securities by February 2027, with subsequent phases connecting blockchain-based securities markets to stablecoin payment infrastructure. A study released by the Bank of Korea earlier this month also found that directly trading USD stablecoins with local currency on Binance could depress the local currency exchange rate.

According to Money Today, the South Korean government has budgeted 27.5 billion Korean won per rack for NVIDIA's next-generation AI chip Vera Rubin, which is higher than previous estimates by foreign media. The Ministry of Science and ICT's budget for GPU server expansion next year is 3.85 trillion Korean won, all allocated for the procurement of 140 Vera Rubin NVL72 server racks. Each NVL72 rack is equipped with 72 Rubin GPUs and 36 Vera CPUs, totaling 10,080 Rubin GPUs. This batch is independent of the 52,000 advanced GPUs announced by the ministry to be acquired by 2028, and the actual supply may be adjusted according to NVIDIA's delivery situation.The budget of 27.5 billion Korean won per rack is significantly higher than foreign media predictions. U.S. investment bank Bernstein's June report estimated the cost of a Vera Rubin NVL72 rack at 9.1 million dollars (approximately 12.3 billion Korean won), while Morgan Stanley estimated it at about 7.8 million dollars (approximately 10.5 billion Korean won). The government stated that the budget has taken into account potential price increases due to GPU shortages and the costs of supporting facilities. This batch of chips will be used for the development of next-generation cutting-edge models such as general artificial intelligence. Deputy Prime Minister and Minister of Science and ICT Lee Kyung-sook mentioned in June that creating a model on par with Anthropic's large model Mythos would require about 10,000 Vera Rubins, and this scale of 140 units is comparable.

Tencent WorkBuddy announced the official launch of its open platform, introducing over a hundred ecological partners in the first batch, aimed at opening underlying Agent capabilities for smart hardware, industry applications, and developers.At the press conference, 9 co-branded smart hardware products made their debut, with partners including Plaud, Rokid, Yingshi, iFlytek, Anker, Mengma, and Jingdong Jingzao; over 30 industry applications were simultaneously integrated, covering more than 20 fields including finance, law, healthcare, education, and public welfare. Previously, WorkBuddy collaborated with Li Weike Technology to launch the X-AI memory glasses and reached an ecological linkage for AI glasses with Rokid.

Tencent Hunyuan stated that since the Hunyuan Hy4 preview was first launched on WorkBuddy on August 28, 2026, it has received positive experiences and enthusiastic feedback from a wide range of users and developers due to the significant enhancement of its Agent capabilities. On the first day of launch, there were queuing situations in the WorkBuddy task queue, for which we sincerely apologize.To ensure everyone's user experience, the company has conducted emergency scaling of the Hy4 preview inference cluster and will continue to dynamically allocate resources. However, due to the limitations of high-end computing power and peak concurrent usage, it cannot be ruled out that queuing situations may continue to occur during certain periods.

Bilal Bin Saqib, the Minister of State for Pakistan and Chairman of the Pakistan Virtual Assets Regulatory Authority (PVARA), revealed at the Bitcoin Asia conference that the country completed the establishment of its virtual asset regulatory system in less than six months, using only about 8% of the approved budget, which is approximately $200,000, with about 92% of the budget remaining unused. Saqib stated that the government should not measure success by how much money is spent, but rather by the actual delivery of results. The regulatory framework covers activities such as exchanges, custody, brokerage, asset management, lending, and settlement, and introduces requirements regarding governance, anti-money laundering and counter-terrorism financing, customer asset protection, cybersecurity, and market conduct. Saqib emphasized that Pakistan's regulatory ambitions extend beyond the current digital asset market, with future focus on the tokenization market, programmable payments, stablecoins, machine-to-machine transactions, and the AI agent economy, noting the need to establish corresponding regulatory rules for agent payments and the agent economy. Saqib stated that emerging markets do not need to spend a decade catching up; they can build on the frontier. With a population of over 240 million, Pakistan is a potentially significant market for emerging financial technologies. The rapid transition from legislation to licensing in the country is being used as a demonstration case for the government's response to next-generation financial infrastructure.

The State Council Information Office held a series of themed press conferences titled "Starting Off the 14th Five-Year Plan." Officials from the Ministry of Finance introduced the role of this year's proactive fiscal policy and outlined the key focus areas for policy efforts in the second half of the year.Vice Minister of Finance Liao Min stated that since the beginning of this year, the Ministry of Finance has firmly implemented a more proactive fiscal policy:This year's fiscal expenditure budget arrangement has exceeded 30 trillion yuan for the first time.The scale of new government bonds has reached 11.89 trillion yuan, the largest in history.Central government transfers to local governments have exceeded 10 trillion yuan for the fourth consecutive year, reaching 10.42 trillion yuan.In the second half of the year, fiscal policy will continue to focus on three areas for effective results: accelerating the use of funds, increasing efforts to expand domestic demand, and strengthening fiscal reform management.Regarding incremental policies, in the second half of the year, based on the macroeconomic operation situation, the Ministry of Finance will timely plan and introduce practical and effective incremental policies to provide strong support for achieving a qualitative improvement and reasonable growth in the economy.

According to CoinDesk, the decentralized lending protocol Compound Finance has completed a leadership adjustment and approved a record budget of $52 million. The total value locked in the protocol has decreased from a peak of $12 billion in 2021 to $1.2 billion, and it is seeking to restore growth.Compound Finance is shifting towards serving institutional clients, developing real-world asset products, partner integration solutions, and credit infrastructure to meet the compliance and technical standards of traditional finance.Industry executives stated that Compound Finance's new leadership team and large budget align with the overall shift in the decentralized finance sector towards serving financial institutions. The overall assets in this sector had previously decreased due to market weakness and security breach incidents.

The U.S. Treasury Department announced that the budget deficit for July was $432 billion, exceeding market expectations of $346 billion, compared to a budget deficit of $291 billion in the same period last year.

Tencent Holdings released its Q2 2026 financial report, with revenue of 204.79 billion yuan, a year-on-year increase of 11%, slightly exceeding market expectations; Non-IFRS net profit was 68.4 billion yuan, a year-on-year increase of 9%; profit attributable to equity holders of the company was 56.022 billion yuan, a year-on-year increase of 0.7%. Capital expenditure was 52.78 billion yuan, a year-on-year increase of 176%, far exceeding the market expectation of 32.14 billion yuan, mainly used for AI infrastructure investment. The free cash flow for the quarter was negative 13.8 billion yuan; excluding prepayments for AI computing power purchases, free cash flow was 37.6 billion yuan.In terms of business, value-added services revenue was 98.4 billion yuan, a year-on-year increase of 8%, with domestic game revenue at 47.3 billion yuan, a year-on-year increase of 17%, significantly contributed by "Delta Action," "Valorant," and "Lock Kingdom: World"; international market game revenue was 18.6 billion yuan, down 0.8% year-on-year due to exchange rate effects, but up 4% year-on-year when calculated at constant exchange rates. Marketing services revenue was 43.6 billion yuan, a year-on-year increase of 22%, making it the fastest-growing segment; financial technology and enterprise services revenue was 60.3 billion yuan, a year-on-year increase of 9%.Regarding AI products, the report specifically mentioned that WorkBuddy achieved rapid user growth and a healthy user retention rate, with strong user willingness to pay. Its market-leading position is attributed to its strong harness engineering capabilities, a rich selection of models, and an industry-leading skill library. The official version of Hy3 saw a more than 68-fold increase in usage in the week following its launch compared to the previous generation, consistently ranking among the top three globally in terms of OpenRouter token consumption, with plans for a larger parameter scale Hy4 to be released soon. The AI agent Xiaowei within WeChat has initiated a small-scale gray testing. Excluding the contribution from new AI products, Non-IFRS operating profit increased by 19% year-on-year to 86.1 billion yuan. By the end of the quarter, the company's net cash decreased from 146.9 billion yuan at the end of March to 58.2 billion yuan.

On August 11, TSMC held a board meeting and approved a capital budget of approximately $29.443 billion to expand advanced process and advanced packaging capacity to meet the strong demand brought by AI and high-performance computing. In May of this year, the board had already approved $31.283 billion, bringing the total approved capital budget for the year to $60.726 billion (approximately NT$1.96 trillion). TSMC Chairman C.C. Wei stated at the July earnings call that in the coming years, 13 advanced wafer fabs and advanced packaging plants will continue to be built in Taiwan, covering Kaohsiung, Hsinchu Baoshan, and Tainan, with the total investment scale in Arizona, USA also increasing to $26.5 billion.The board also approved the establishment of a joint venture with Sony Semiconductor Solutions Corporation, with TSMC's investment cap set at 282 billion yen. The joint venture will be located in Kumamoto Prefecture, Japan, aiming to mass-produce next-generation image sensors for smartphones by 2029. In addition, the board approved a cash dividend of NT$7 per share for the second quarter, with the ex-dividend date set for December 10. TSMC will provide eligible foreign shareholders with the option to receive cash dividends in US dollars.

According to Jinshi, senior officials at the U.S. Pentagon pitched the "Reconciliation 4" plan to Senate Republicans in a closed-door meeting, emphasizing the need for a significant increase in military funding to replenish weapon stockpiles depleted by the conflicts in Iran and Ukraine.Defense Secretary Hegseth and several deputy secretaries provided a detailed closed-door briefing to Republican members of key Senate committees, analyzing global threats and discussing the issue of U.S. military ammunition stockpiles.

According to a report by Z Finance, Tencent's AI-native desktop intelligent agent platform WorkBuddy entered public beta on March 9, achieving a monthly active user count of 20 million across all platforms within 3 months, with daily active users surpassing 13 million, including over 2 million daily active users on the PC side, and a DAU/MAU ratio stabilizing between 65%-75%. The product is led by Liu Yi, Vice President of Tencent Cloud, with a core team of about one hundred people, classified internally as one of the highest priority AI projects. The team claims they are currently only "temporarily ahead by half a position."WorkBuddy is derived from Tencent's previously launched AI programming assistant CodeBuddy, which has already covered about 12,000 engineers within Tencent. The product completed prototype development on January 17, and after the public beta in March, it has undergone a total of 43 iterations, gradually integrating capabilities related to QClaw developed by the Tencent PC Manager team based on an open-source framework. The product adopts a multi-model access strategy, with the underlying self-developed Harness engine for unified scheduling.In terms of commercialization, at the end of April, Tencent Cloud adjusted its pricing: the SaaS enterprise version was raised from 78 yuan/person/month to 198 yuan, and the private cloud enterprise version was raised from 158 yuan to 316 yuan. Market information indicates that it has acquired thousands of enterprise clients and over one hundred thousand paid seats, with an estimated annual revenue of about 300 million yuan. Third-party evaluations show that the product scored an average of 2.31/4 points on 70 questions (Word category 2.85 points, Design category 1.45 points), indicating that it is still some distance from producing stable results without manual modifications.