Markets

Gauzy Ltd. (GAUZ) reported Q2 2025 revenues of $20.1M, down from $24.4M in Q2 2024, but achieved a record $42.9M purchase order backlog. The company reaffirmed its full-year revenue guidance of $130-140M with positive Adjusted EBITDA. Key developments include Cadillac CELESTIQ deliveries featuring Gauzy’s smart glass. Gross margin was 21.4%, with a net loss of $10.7M and Adjusted EBITDA of ($8.7)M. Gauzy secured $15M in debt financing and has $36.2M in total available liquidity. They are expanding into the marine sector and launching new product lines.

An online feud erupted between Elon Musk and Sam Altman, with Musk accusing Apple of favoring OpenAI’s ChatGPT in the App Store and alleging antitrust violations. Altman retorted, criticizing Musk’s own manipulation of the X platform. The spat escalated with accusations of lying and algorithm manipulation. Interestingly, Musk’s own Grok AI seemed to side with Altman, criticizing Musk. Apple defended its App Store policies, emphasizing fairness and unbiasedness.

A lawsuit challenging the algorithm behind Tencent’s “Honor of Kings” was heard in Shenzhen. Lawyer Sun Qianhe, frustrated with the game’s matchmaking, initiated the “First Chinese Game Algorithm Litigation,” demanding transparency in the game’s algorithm. Sun argues the suit, despite concerns about judicial resource allocation, is crucial for improved regulations and safeguarding public interest. She believes challenging opaque algorithms is a necessary cost for institutional updates towards a more just legal framework.

Tencent Holdings reported strong Q2 2025 results with a 15% YoY revenue increase to RMB 184.5 billion. Profit attributable to equity holders rose 17%. Value-Added Services led growth, driven by domestic (+17%) and international games (+35%). Marketing services saw a 20% increase. Fintech and Business Services grew by 10%. WeChat/Weixin MAUs reached 1.411 billion (+3%), while QQ mobile MAUs declined. Paying subscribers for value-added services reached 264 million.

Qudian Inc. reported its Q2 2025 unaudited financial results, revealing a strategic shift. Revenue sharply decreased to RMB3.5 million, while net income attributable to shareholders significantly increased to RMB311.8 million. The company is winding down its last-mile delivery operations due to heightened competition, focusing on sustainable growth. Despite operating losses of RMB113.9 million, investment income surged by 392.3% to RMB440.5 million. Qudian held RMB4,029.0 million in cash and equivalents. The company continues its share repurchase program, having bought back $54.6 million worth of ADSs since June 2024.

Arm Holdings plans to launch its dedicated Neural Processing Unit (NPU) for GPUs in 2026, with devices expected by late next year. Simultaneously, Arm unveils the open-source Neural Graphics Development Kit to streamline integration. A key application is Neural Super Sampling (NSS), which upscales resolution with low latency and near-native quality, reducing GPU workload by up to 50%. This innovation promises improved power consumption, higher frame rates, and enhanced visuals for gaming and other applications.

After a three-year battle, a California woman, Jessica Farwell, resolved a $90,000 medical bill dispute with her insurance company after media intervention. The bill stemmed from a helicopter transfer and ambulance ride for her infant son’s minor burns. Farwell faced exorbitant charges and insurance denial despite initial assurances of coverage. The case underscores the complexities and opaque billing practices within the U.S. healthcare system, highlighting the impact of media scrutiny on insurance companies, and how they are often unwilling to take responsibility.

Azincourt Energy (AZURF) has commenced exploration at its Harrier Uranium Project in Labrador, Canada. The 49,400-hectare project features numerous uranium zones with high-grade surface samples (up to 7.48% U3O8). A helicopter-supported reconnaissance program is underway, focusing on the Snegamook Uranium Deposit, which has historical drilling showing wide uranium zones. The company plans an updated NI 43-101 resource estimate for 2026. With limited drilling to date, the project holds significant discovery potential, bordering Paladin Energy’s and Atha Energy’s projects.

The U.S. national debt has surpassed $37 trillion, triggering concerns about long-term fiscal sustainability. This figure represents roughly 1.27 times the projected 2024 GDP, equating to over $108,000 per American. The debt is accumulating at an accelerating pace, prompting warnings from fiscal watchdogs like the Committee for a Responsible Federal Budget. Projections suggest the debt could reach $37.8 trillion by the end of 2025 and potentially exceed $50 trillion by 2030, dependent on future economic data and policy decisions.

Rumors circulated about DeepSeek’s R2 model launching in August after the model itself hinted at a release window. However, sources close to DeepSeek denied these claims. While internal testing is underway, CEO Liang Wenfeng is reportedly unconvinced by the model’s performance. Furthermore, Nvidia chip restrictions may have impacted DeepSeek’s computing power, potentially leading to resource strain and a suboptimal user experience upon release.