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Flash

Metaplanet has been approved to control the Nasdaq-listed company SLE, successfully achieving its listing layout in the United States

Metaplanet founder and CEO Simon Gerovich announced that the transaction between Metaplanet and Super League Enterprise, Inc. (NASDAQ: SLE) has been formally approved at the company's shareholder meeting.This move marks a key step for Metaplanet in transforming from a Bitcoin treasury company to a global Bitcoin-native financial platform.It is reported that Metaplanet injected 2,100 Bitcoins and $2.5 million in cash into the NASDAQ-listed company Super League Enterprise (SLE), with a total value of approximately $134.6 million, in exchange for a controlling stake. In return, Metaplanet received approximately 44.86 million newly issued shares of common stock (at $3 per share), as well as preferred stock and warrants. After the transaction is completed, Metaplanet will hold about 95.7% of SLE's issued common stock, becoming its controlling shareholder.According to Gerovich, after the transaction is completed, Superplanet will serve as Metaplanet's Bitcoin treasury platform listed in the United States, which will enable it to directly access the U.S. capital markets and gain more agile and flexible financing capabilities. Strategically, combined with Metaplanet Securities established in Japan, this approval will provide the company with complementary platforms in the two most important capital markets globally (the U.S. and Japan).This will not only facilitate its international financing and capital allocation but also further advance its business expansion in areas such as Bitcoin treasury, financial services, financial products, and asset management. Gerovich stated that this is a new milestone on Metaplanet's long-term growth path, and the company will continue to update the public on the latest progress regarding the completion of this transaction.

first_img Zuckerberg: AI investment could reach 200 billion USD, with uncertain success or failure

According to a report by Bloomberg cited by Phoenix Technology, Meta CEO Mark Zuckerberg stated in the podcast "Cheeky Pint" aired on Monday that the company had to commit to investing about $100 billion or $200 billion in infrastructure last year when it was still unclear whether AI products could succeed. He said, "We can't be sure either."Zuckerberg recalled that he had asked Chief AI Officer Alexandr Wang if he was certain of success. Wang stated that aside from "intuitive judgment," there was no guarantee of success, and at that time it was "completely uncertain." Chief Financial Officer Susan Li repeatedly warned that the cost of failure would be extremely high, and Zuckerberg told Wang, "I think Susan scared you quite a bit."On Monday, Meta released a new AI model, claiming a significant leap in performance and possessing "cutting-edge capabilities." Management stated that it could compete with ChatGPT and Claude in programming and financial and legal issues. Meta also launched a personalized intelligent agent called Muse for shopping, ticket booking, and appointments. Zuckerberg mentioned that he was uncertain about consumer reactions and expected further iterations. Meta will announce its third-quarter financial report after the U.S. stock market closes on October 21. Last quarter, free cash flow fell to its lowest level in years, and the stock price dropped by 8%, but as of Monday's close, it has risen over 12% this year.

The success rate of the Zhipu legal model is nearly three times higher, and the testing cost is about one-seventieth of that of its competitors

The artificial intelligence company Zhipu released a legal-specific model GLM-Legal, which is further trained based on GLM-5.3-Flash. In the Harvey LAB evaluation covering 24 categories of legal services, the task pass rate increased from 6.7% to 19.2%, nearly tripling the original version, surpassing models like Kimi K3 and Claude Fable 5, and ranking seventh on the Vals AI leaderboard.When reviewing software service contracts, GLM-Legal suggested shortening the termination notice period from 60 days to 30 days and required service providers to offer up to 90 days of handover support. In another software project dispute involving 40 documents, it found that the company reported to the client that the project was 60% complete, while internal records indicated only about 41%. It also identified emails from the CEO requesting to conceal risks and continue charging, and analyzed potential legal liabilities in conjunction with contract terms.According to independent evaluations by Vals AI, the cost for GLM-Legal to complete a test is $0.15, while the closely performing Gemini 4 Argon costs $10.55, a cost difference of about 70 times. GLM-Legal took an average of 72 minutes, while the latter took 44 minutes. Zhipu stated that the model was trained specifically on legal data and conducted reinforcement learning in tens of thousands of simulated legal environments. Currently, GLM-Legal requires an API trial application.

Gate Voyage Bali event successfully held, bringing together nearly 200 global guests to discuss ecology and market development

Gate Voyage launched a series of events in Bali, focusing on topics such as ecological construction, global development, TradFi, and diversified assets, featuring multiple themed sharing and exchange sessions. Nearly 200 industry guests, partners, and content creators from around the world participated, sharing market observations and business practices from different perspectives in a setting that combined exclusivity with a vacation atmosphere.During the event, Gate founder and CEO Dr. Han delivered a speech via video link, reflecting on Gate's 13-year development journey and the milestone of surpassing 60 million users, while sharing insights on industry cycles, long-term construction, ecological cooperation, and future product layout. Gate Executive Director Edwin Cheung and CMO Kyle Chiu shared insights on ecological development and global growth, respectively; Media Studio and VIP Masterclass focused on topics such as stocks, tokenized assets, Pre-IPO, prediction markets, and wealth management, exploring the linkage between digital assets and traditional financial markets.At the same time, the KOL Creator Battle gathered creators from around the world to co-create content around themes such as Gate Card, traditional finance, wealth management, and partners. The event also included interactive segments like Bingo and AMA, integrating industry exchanges into exquisite luncheons, yacht trips, terrace BBQ parties, and high-end gala dinners. In-depth exchanges among global guests extended from the venue to dining tables and social moments, fostering discussions on collaboration in a relaxed and enjoyable atmosphere.This event connected industry exchanges and content co-creation through a carefully designed vacation setting, bringing together global markets and ecological resources to provide a communication platform for participants from various fields. In the future, Gate will continue to connect global partners and industry resources, working together to build an open, inclusive, and prosperous crypto ecosystem.

first_img Samsung Electronics and SK Hynix have successively hired former international finance officials from the Ministry of Finance and Economy

Samsung Electronics hired former Director of the Foreign Exchange System Division of the Ministry of Finance and Economy, Lee Hee-kun, for its IR team as an executive last month. Lee Hee-kun has held positions such as Director of the Foreign Exchange System Division and Director of the Capital Market Policy Division, responsible for foreign exchange systems and overseas investment responses. In April this year, he participated in the work of including South Korea in the World Government Bond Index and received special recognition. He is expected to be responsible for responding to overseas investors and the global capital market.SK Hynix hired former Director of the Strategic Economic Division of the Ministry of Finance and Economy, Jeong Yu-jin, as the Vice President under the Communications Division last month. Jeong Yu-jin has served as the Director of the Climate and Environment Budget Division, Secretary to the Deputy Prime Minister for Economic Affairs, Director of the Foreign Exchange System Division, and Director of the Foreign Exchange Fund Division. Both companies are advancing production investments in the United States, with Samsung Electronics planning to invest $37 billion to build a foundry in Taylor, Texas, and SK Hynix planning to invest $4 billion to build an advanced packaging factory in Indiana.
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