Markets

Elon Musk announced on X that Tesla may enable in-car gaming while driving within 3-6 months, pending regulatory approval. This follows a video of a Tesla owner playing Grand Theft Auto using Full Self-Driving (FSD). While presenting a potential revenue stream via subscriptions, the plan faces significant regulatory hurdles due to safety concerns and driver distraction, even with FSD engaged. Tesla emphasizes that drivers must remain vigilant and ready to take control despite FSD.

A meeting is scheduled for August 5th, 2025, at 12:45 AM.

Tech influencer Wang Ziru, recently rebranded as “Wang Ziru AI,” has gone silent on social media, fueling speculation about his AI venture. His Weibo and Douyin accounts haven’t been updated since July 11th, despite a prior focus on AI content creation. While active on Bilibili, the silence follows Wang’s declaration of AI’s lucrative potential. However, his AI content alienated fans, who desired his return to smartphone reviews, highlighting the challenge of balancing new interests with audience expectations.

UBIX Technology, in collaboration with Yinfeng Intelligent Computing and Bigbit Micro, achieved seven world records in the MLPerf® Storage v2.0 benchmark. Using the UbiPower 18000 storage system, UBIX demonstrated top performance in ResNet50, CosmoFlow, and U-Net 3D training tasks, supporting thousands of simulated accelerators. They also led in Llama3 model checkpoint tasks, achieving the highest combined read/write bandwidth density per rack unit. UBIX specializes in high-performance storage solutions for AI and HPC.

ETHZilla (formerly 180 Life Sciences) closed a $425 million private placement to advance its Ethereum treasury strategy. The company plans to rapidly increase its ETH holdings and execute a differentiated yield generation program in partnership with Electric Capital and with guidance from a new DeFi Council. ETHZilla aims to become a benchmark for on-chain treasury management, offering investors exposure to the Ethereum network. The capital will also support existing iGaming operations and IP monetization. The executive team and board have been expanded with crypto and capital markets expertise.

Broadcom’s Jericho4 Ethernet fabric router interconnects distributed AI computing clusters across distances exceeding 100km, addressing AI compute bottlenecks. It supports over a million XPUs across geographically dispersed data centers, featuring a HyperPort interface with up to 36,000 ports and 3.2 Tbps bandwidth each. Jericho4 extends RDMA over Converged Ethernet (RoCE) support and integrates line-rate MACsec encryption. Adhering to UEC specifications and utilizing standard Ethernet packets, it simplifies integration and improves bandwidth utilization by up to 70%.

Tesla has filed paperwork revealing a potential $29 billion stock option package for CEO Elon Musk. This “interim award” aims to secure Musk’s leadership as Tesla shifts towards autonomous vehicles and robotics. The move follows a Delaware court’s rescission of Musk’s 2018 compensation plan, now under appeal. The new grant, structured to avoid double compensation, would increase Musk’s stake in Tesla if the Delaware ruling stands and he remains an executive for two years. Analysts view it as a signal of confidence in Musk’s ability to guide Tesla’s strategic evolution.

Praxis Precision Medicines (PRAX) CEO Marcio Souza will participate in a virtual fireside chat hosted by Truist Securities analyst Joon Lee on August 5, 2025, at 10:00 AM EST. The company focuses on developing therapies for central nervous system (CNS) disorders, specifically targeting neuronal excitation-inhibition imbalance using their Cerebrum™ and Solidus™ platforms. Praxis has a diversified CNS portfolio with four product candidates in clinical development.

China’s Ministry of State Security warns of “data poisoning” as a critical threat to AI. Inaccurate, fabricated, and biased data corrupt AI training datasets, leading to flawed models and security risks. Even minimal data contamination (0.01% fabricated text) can significantly increase harmful content generation (11.2%). The proliferation of AI-generated content further amplifies the issue, creating a “post-contamination legacy”. Authorities highlight dangers in finance, public safety, and healthcare, where data manipulation can trigger market volatility, social panic, and incorrect medical advice.

Pacific Green Technologies (PGTK) secured a 10-year agreement with ZEN Energy for 1.5GWh of battery storage across three Australian states. This expands PGTK’s Australian project portfolio to 7GWh, building on an existing 500MWh agreement. The partnership aims to support ZEN’s commercial and industrial clients and manage energy transition volatility. CEO’s from Pacific Green and Zen highlight the strategic importance of storage and the partnership’s role in enabling them to support sustainability goals.