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Project Overview
Gemini is a digital asset exchange and custodial services company that enables users to buy, sell, and store cryptocurrencies.
Morgan Stanley: Google Trades at 12% Premium, Meta at 30% Discount as Internet Giants' Valuations Polarize
According to Chaoxiang Research, a Morgan Stanley report dated August 25 noted that the internet sector declined by an average of 2% last week, with Meta down approximately 7%, Amazon down roughly 2%, and Google virtually flat. Current forward P/E ratios for 2026 stand at 19x for Amazon, 17x for Google, and 17x for Meta, reflecting discounts of 36%, a premium of 36%, and a discount of 24% relative to historical averages, respectively. On an EV/EBITDA basis, Amazon at 11.2x represents a 12% discount to its two-year average, Google at 15.1x implies an 8% premium, and Meta at 8.7x reflects a 30% discount. Morgan Stanley maintains an "Attractive" rating on the internet sector, highlighting that AI capabilities are emerging as a core variable driving valuation divergence. The sector's overall forward EV/EBITDA is 9% below the five-year average, while EV/Sales is 16% above it, underscoring a divergence between revenue and profit multiples. After reclassifying stock-based compensation as a cash expense, the adjusted EV/EBITDA for digital media rises by approximately 36% on average, e-commerce by 30%, and travel and the sharing economy by 44%. Upcoming catalysts include the launch of Google's Gemini 4, stabilization of Amazon Web Services (AWS) growth, progress in Meta's AI ad monetization, and shifts in the interest rate environment.
Morgan Stanley: Google TPU price raised to $27 billion per GW, cloud business to contribute half of profits by 2028
According to Chaoxiang Research, Morgan Stanley's August 24 report raised its revenue assumption per gigawatt (GW) of externally sold Google TPUs from $20 billion to $27 billion, increasing the gross margin assumption from 20% to 30%. Following these adjustments, TPU-related cloud revenue is projected to reach $84 billion and $108 billion in 2027 and 2028, respectively, marking increases of 35% and 37% over prior forecasts. Morgan Stanley maintains an Overweight rating on Alphabet with a price target of $400, implying 16% upside from the current share price. The upward revision draws support from recent media reports stating that Google has pledged to supply approximately one million TPUs (equivalent to roughly 1.3 GW), generating about $35 billion in revenue. Furthermore, Google's custom silicon agreement with Marvell validates TPU pricing above previous estimates. The firm anticipates Google Cloud will contribute approximately 50% of Alphabet's consolidated EBIT by 2028. Three primary catalysts underpin the potential for valuation re-rating: the rollout of Gemini 4, inference cost reductions through optimized models, and the market deployment of GenAI offerings. The target price reflects a forward P/E multiple of approximately 22x based on 2028 consensus earnings, commanding a premium of roughly 22% relative to the peer median.
ARK Invest Exec Suggests Hyperliquid Acquire Gemini to Position as Compliant HIP-3/4 Deployer in the U.S.
Odaily Planet Daily reported that Lorenzo Valente, Head of Digital Asset Research at investment firm ARK Invest, stated that Hyperliquid is in discussions with the CFTC and SEC to facilitate the offering of perpetual futures on its public chain by U.S.-regulated companies. He suggested that Hyperliquid acquire Gemini to position it as a U.S.-regulated HIP-3/4 deployer. He noted that Gemini's current market value is approximately $450 million, representing a decline of over 85% from its $3.3 billion valuation at the time of its 2025 IPO. Hyperliquid could obtain Gemini's entire U.S. regulatory infrastructure—including the NYDFS Trust Charter, DCM, DCO, FCM, MTLs, and Broker-dealer—for approximately $450 million.He further proposed that Hyperliquid could use approximately 7.9 million HYPE tokens from its community reserve, valued at around $550 million at $70 per token, to complete the acquisition at a premium of roughly 20% over Gemini's current market value. Following the transaction, Gemini would handle KYC, custody, fiat on/off ramps, brokerage, clearing, and compliance for the U.S. market, while Hyperliquid L1 would provide the underlying market infrastructure, liquidity, and on-chain settlement. He cited Polymarket's acquisition of QCEX as a similar precedent for re-entering the U.S. market, and stated that the core of this potential deal is not acquiring an exchange, but rather securing the regulatory bridge for HIP-3/4 to enter the U.S. market.
AI architecture company Pathway completes $30 million seed funding round, with participation from Id4 Ventures and others
Odaily News: AI architecture development company Pathway has announced the completion of a $30 million seed funding round, with participation from Id4 Ventures, TQ Ventures, Red Bridge Ventures, Kadmos Capital, and WS Investment, the investment arm of Wilson Sonsini, among others. Databricks' Chief AI Scientist Jonathan Frankle has joined as an angel investor.Pathway is developing a Bio-inspired Dynamic Hierarchical architecture (BDH), a "post-Transformer" architecture designed to overcome the limitations of current Transformer models, which continue to rely on ever-increasing data, GPUs, energy, and capital expansion. Unlike traditional large models that require periodic retraining, BDH enables continuous learning and ongoing adaptation with significantly less data.The company also announced the appointment of Adam Kurzrok, former product lead for Google DeepMind's Gemini, as Chief Product Officer. He will oversee the product direction of BDH models, covering areas such as model packaging, evaluation systems, and commercial deployment. (Finsmes)
WonderFi Founder Criticizes Canada's Innovation Environment: Struggling to Grow, Forced into Sale to Robinhood
Odaily News - Karia Samaroo, founder and former CEO of Canadian crypto company WonderFi, recently stated that the company's acquisition by US trading platform Robinhood Markets for CAD 250 million was not due to a lack of growth potential, but rather because Canada's market environment has restricted local tech companies from continuing to scale.Samaroo said that WonderFi was founded in 2021. After several years of development, the company consolidated Canada's fragmented crypto market, built a nationwide brand, and survived the QuadrigaCX collapse, the FTX crash, and Canada's strict crypto regulatory environment. By 2023, WonderFi had become a leading crypto platform in the Canadian market.However, he believes that succeeding in Canada was not the company's ultimate goal. WonderFi had originally hoped to grow into a global enterprise, and Robinhood saw WonderFi as a strategic gateway into the Canadian market, which led to the CAD 250 million acquisition. Samaroo pointed out that Canada has long faced structural issues that limit companies' ability to scale, including insufficient venture capital, weak public markets, regulatory fragmentation, and declining attractiveness of entrepreneurial returns.For the crypto industry, the challenges are even more pronounced. Samaroo noted that after the QuadrigaCX incident, Canadian regulators established one of the world's strictest crypto regulatory frameworks. While the original intent was to protect investors, it also increased operational costs for businesses. International trading platforms including Binance, OKX, Bybit, and Gemini all entered the Canadian market previously and then exited. He believes that Canada's crypto regulations are not only strict but also compounded by fragmented securities regulatory systems, leading to higher financing costs, increased operational complexity, and diminished interest from overseas investors.Samaroo said that WonderFi is not an isolated case—many Canadian tech companies have followed a similar trajectory: growing domestically until hitting market ceilings, then ultimately seeking overseas capital or strategic buyers. Shopify founder Tobi Lütke has also previously criticized Canada for repeatedly "nurturing important companies only to send them abroad." Restricting corporate sales can easily become a political statement, but the real key to solving the problem lies in building a business environment that supports companies in financing, expansion, and competing globally.Robinhood previously announced the acquisition of WonderFi for approximately CAD 250 million. This deal also reflects the accelerating consolidation in the North American crypto industry, as US platforms expand into other markets through M&A. (Fortune)
Bitget UEX continues to expand, now supporting over 340 US stock assets
amidst the US earnings season and the continuous advancement of AI narratives by tech giants, according to official sources from Bitget, the platform has recently added 10 new US stock contract targets. As a result, Bitget's Universal Exchange (UEX) now supports 263 US stock tokens and 81 US stock contracts. The total number of US stock-related assets tradable across the entire platform has exceeded 340.This week enters a period of密集 earnings reports and macroeconomic data releases. Through continuous expansion, Bitget aims to provide users with a wide range of cross-market asset allocation channels.3 Key Focus Targets This Week:• NVDA (NVIDIA): Will release Q1 earnings after the US market closes on May 20. The implied volatility from the options market suggests a potential single-day swing of over 7.5%. As the core of AI computing power, its performance will directly impact the overall valuation trend of the tech sector.• GOOGL (Google): Recently, at its I/O conference, Google intensively released multiple new products such as Gemini 3.5 and AI agents. The market is closely monitoring the subsequent pace of commercial implementation and revenue monetization capabilities.• WMT (Walmart): Will release Q1 earnings before the market opens on May 21. As a retail giant, Walmart's resilience during the consumer downturn cycle is under significant scrutiny. The earnings results and guidance will directly influence investors' assessment of full-year growth expectations and the stock's short-term performance.
"White-Haired Stock Guru" Serenity: The probability of OpenAI and Anthropic slowing down frontier AI R&D is essentially zero
Odaily reports: "White-Haired Stock Guru" Serenity posted on X platform, stating that in their view, the probability of Anthropic and OpenAI genuinely slowing down frontier AI development is "essentially zero," and that some regulatory measures pushed by leading AI companies are more likely aimed at raising competitive barriers to restrict the development of competitors.They stated that OpenAI and Anthropic will not voluntarily cede their lead to competitors like Gemini, xAI, and Meta, and that given all countries are continuously advancing AI technology development, it would be very difficult for the United States to meaningfully slow down frontier AI R&D. Currently, all parties are still competing for scarce resources such as storage and AI chips. They believe that demand for AI-related infrastructure will remain strong, and rebutted the view that AI-related stocks such as Nvidia (NVDA), TSMC (TSM), and Micron (MU) will experience significant declines as a result.Previously, Anthropic CEO Dario Amodei published a long article stating that the AI industry must slow down the pace of improving model capabilities, but this does not mean stopping model training or technological progress — rather, it means ensuring companies have enough time for model alignment and safety safeguards. OpenAI founder Sam Altman expressed agreement, saying "we need to control the progress of frontier models," and stated that OpenAI will also consider giving independent evaluators access similar to that of employees.
Gemini Secures Major Payment Institution License in Singapore, Covering Digital Payment Tokens and Cross-Border Transfer Services
Odaily reports: Cryptocurrency exchange Gemini has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS), enabling it to provide digital payment token and cross-border transfer services.The license supports Gemini in offering spot trading, custody, and over-the-counter (OTC) services to both retail and institutional clients. Gemini has been serving customers in Singapore since 2020.Gemini co-founder and President Cameron Winklevoss stated that obtaining the license reflects the company's commitment to the Singapore market. Co-founder and CEO Tyler Winklevoss said Singapore will serve as the company's regional strategic hub. (Bitcoin.com News)
Gemini Wins Arbitration Ruling; Collapse of Earn Lending Program Not Deemed Fault
According to CNBC, an arbitrator ruled on August 12 that cryptocurrency exchange Gemini was not at fault in the collapse of its Earn lending program, citing insufficient evidence that it misled users or failed to conduct due diligence on its primary lending partner, Genesis Global Capital. A user had previously filed a claim against Gemini in late 2024. Launched in 2021, the Earn program offered annualized yields of up to 7.4%, but crypto market weakness in 2022 led Gemini to suspend withdrawals, impacting over 300,000 users. Following this, Gemini reached a settlement with Genesis, and Earn users have recovered $2.18 billion in digital assets, accounting for approximately 97% of the debt. More than ten related disputes involving Gemini currently remain unresolved.
Gemini plans to distribute crypto prediction market business through Apex
Cryptocurrency exchange Gemini has announced a partnership with Apex Fintech Solutions to become the exclusive regulated venue for crypto event contracts on its broker platform, aiming to leverage Apex's network to reach millions of investors.
Gemini and Apex have reached a partnership agreement to expand distribution channels for crypto prediction markets.
According to CoinDesk, Gemini and Apex Fintech Solutions have signed a letter of intent to distribute regulated crypto prediction market contracts to Apex's brokerage clients. Under the agreement, Gemini subsidiary Gemini Titan will serve as the exclusive regulated trading venue providing crypto event contracts to brokerage clients through Apex Futures Commission Merchant (FCM).
ARK Invest Exec Suggests Hyperliquid Acquire Gemini to Position as Compliant HIP-3/4 Deployer in the U.S.
Odaily Planet Daily reported that Lorenzo Valente, Head of Digital Asset Research at investment firm ARK Invest, stated that Hyperliquid is in discussions with the CFTC and SEC to facilitate the offering of perpetual futures on its public chain by U.S.-regulated companies. He suggested that Hyperliquid acquire Gemini to position it as a U.S.-regulated HIP-3/4 deployer. He noted that Gemini's current market value is approximately $450 million, representing a decline of over 85% from its $3.3 billion valuation at the time of its 2025 IPO. Hyperliquid could obtain Gemini's entire U.S. regulatory infrastructure—including the NYDFS Trust Charter, DCM, DCO, FCM, MTLs, and Broker-dealer—for approximately $450 million.He further proposed that Hyperliquid could use approximately 7.9 million HYPE tokens from its community reserve, valued at around $550 million at $70 per token, to complete the acquisition at a premium of roughly 20% over Gemini's current market value. Following the transaction, Gemini would handle KYC, custody, fiat on/off ramps, brokerage, clearing, and compliance for the U.S. market, while Hyperliquid L1 would provide the underlying market infrastructure, liquidity, and on-chain settlement. He cited Polymarket's acquisition of QCEX as a similar precedent for re-entering the U.S. market, and stated that the core of this potential deal is not acquiring an exchange, but rather securing the regulatory bridge for HIP-3/4 to enter the U.S. market.
Gemini posts loss for fourth consecutive quarter, net loss of $107.7 million in the second quarter
Bloomberg reported that crypto trading platform Gemini Space Station Inc. announced that following its listing last year, the company has recorded losses for the fourth consecutive quarter. The net loss for the second quarter was $107.7 million, equivalent to a loss of $0.89 per share, higher than the average expectation of analysts surveyed by Bloomberg; the net loss for the same period last year was $133 million. Revenue for the same period increased by 37% year-on-year to $45.5 million, exceeding market expectations.
Loss of $19.8 Million: A Whale Moves 1,770 BTC After Nearly 2 Years of Inactivity
: According to Onchain Lens monitoring, a whale transferred approximately 1,770 Bitcoin, worth about $112 million, after remaining dormant for nearly 2 years, incurring a loss of roughly $19.8 million. The position was valued at approximately $132 million when received from Gemini. Among these, 114 Bitcoin, worth about $7.23 million, were transferred to Kraken, possibly for sale; 1,650 Bitcoin, worth approximately $10.491 million, were transferred to a new wallet.
研究人员设虚假加密初创公司"Ballena Azul"诱捕疑似朝鲜 IT 工人，成功提取关键情报
据 Cointelegraph 报道，网络安全公司 BCA LTD 创始人 Mauro Eldritch与 Telefónica Tech 网络威胁情报分析师 Heiner García 联合搭建虚假加密初创公司"Ballena Azul"，成功诱使疑似朝鲜 IT 工人在受控虚拟桌面环境中工作长达五周，并全程监控其行为。 调查显示，相关工人使用的外部服务器与此前分发 InvisibleFerret、BeaverTail及 OtterCookie 等恶意软件的朝鲜网络行动基础设施存在关联；工人还大量依赖 ChatGPT 辅助编程、Google Gemini 伪造身份文件。研究人员指出，朝鲜 IT 工人通过伪造美国身份获取远程工作，所得薪资最终流向平壤政权的大规模杀伤性武器项目，美国财政部数据显示，此类计划 2024 年为朝鲜创收近 8 亿美元。
A certain whale again withdrew 9,000 ETH from Gemini today, worth approximately $16.87 million.
According to on-chain analyst Onchain Lens (@OnchainLens), a whale withdrew another 9,000 ETH (approximately $16.87 million) from Gemini today. Over the past month, this wallet has cumulatively withdrawn approximately 121,000 ETH (approximately $227 million) and transferred most of it to a self-custody wallet for staking.
Rumored DeepMind Founder Hassabis Considering Leaving Google; Google Management Delays Departure Amid Concerns Over Stock Price Plummet
Citrini analyst Jukan reposted content on platform X stating that industry insiders say Google DeepMind co-founder Demis Hassabis previously planned to leave around the same time as another co-founder David Silver, but Google management worried this news might trigger a significant stock price drop, therefore hoping he would postpone his departure. Sources say that after Google announced relevant adjustments, the company's stock price indeed dropped, and eventually Hassabis was persuaded to transition to the DeepMind Chairman position to help the organization transition smoothly and create space to leave Google in a more appropriate way in the future. It is reported that as David Silver turns to founding Ineffable Intelligence and John Jumper joins Anthropic, DeepMind's core AI R&D strength is undergoing changes. Some insiders believe that the center truly driving AI model development at Google has now shifted more towards the US Bay Area, DeepMind's importance has declined somewhat, and Google's internal focus has shifted to the large language model Gemini to catch up with OpenAI and Anthropic. Hassabis's adjustment reflects long-standing strategic contradictions within Google: research personnel focus more on long-term scientific breakthroughs, while business teams focus more on AI products that can be commercialized quickly and drive revenue and stock price growth. The market predicts Hassabis may leave Google within a year and may start a new venture again.
B.AI weekly benefits continue to update, 90% off API access channel launched, Qwen3.8-Max available for free
B.AI welcomes multiple major updates this week. In terms of benefits, new users can log in with one click using Bitget Wallet, Binance Wallet, or imToken wallet to immediately claim 1 million free Credits; logging in via an invitation code grants an additional 300,000, stacking with the exclusive wallet login bonus for a cumulative maximum of 1.3 million, while inviters simultaneously enjoy permanent rebates on friends' recharges and subscriptions. Recharge discounts are released simultaneously, with BNB Chain channels enjoying an exclusive 1:1 equivalent quota bonus, while other multiple payment methods enjoy a 1:0.5 bonus; a single user can receive up to $100 equivalent points. On the model side, new breakthroughs continue as the "Choose Your Own Provider" lineup expands significantly this week, adding the Nebula channel and launching historic call discounts as low as 90% off; meanwhile, Alibaba's flagship Qwen model Qwen3.8-Max officially lands on the platform and is now open for limited-time free experience. Currently, the choose-your-own-provider mode fully covers global mainstream large model series such as Claude, GPT, and Gemini; combined with recharge bonuses and multiple discount tiers, it continues to deliver extreme cost-performance computing power for global developers and enterprise users. Log in now at chat.b.ai/chat to start your journey of intelligent creation.
U.S. Department of Justice Prosecutes Group in $240 Million Bitcoin Theft Case, Ringleader Expected to Plead Guilty
According to the Associated Press, the U.S. Department of Justice has charged Ma Long Ram and 17 other defendants in connection with a Bitcoin theft scheme valued at over $240 million. Prosecutors allege that the group carried out a social engineering attack on a Washington resident by impersonating employees of Google and cryptocurrency exchange Gemini, thereby gaining control of their accounts and security codes to steal more than 4,100 Bitcoin. The suspects subsequently laundered the proceeds through multiple trading platforms and spent the money on sports cars, mansions, luxury watches, private jet services, and nightclub expenses.
Tornado Cash founder Roman Storm questions DOJ logic, says Google and OpenAI should also be held accountable
Odaily News, Tornado Cash founder Roman Storm stated that if the logic behind the U.S. Department of Justice's (DOJ) case against him holds, tech companies Google and OpenAI should also be held liable for North Korean hackers abusing their products. Those involved reportedly used ChatGPT to write code and Google Gemini for forgery and image manipulation. Storm was convicted in August 2025 of conspiracy to operate an unlicensed money-transmitting business. He pointed out that the Tornado Cash case could set a legal precedent where software developers are penalized for criminal acts committed by users, emphasizing that criminals should be held accountable rather than the developers of tools. The CLARITY Act for digital asset markets is intended to provide protections for software developers by distinguishing developer liability from the potential misuse of protocols for illegal activities. However, although a final motion for consideration of the bill has been scheduled for a vote, its current chances of passage remain low. (Bitcoin News)
Google Gemini Spark Agent Globally Available, Can Book Flights and Organize Inbox
Google made the Gemini Spark agent available to most users globally on July 31. Integrated with the Chrome browser, the agent can use saved account passwords upon user authorization to perform web operations on behalf of the user, such as searching for flights, booking tickets, and checking saved listings. It can also organize inboxes, summarize emails, and unsubscribe from services. Spark provides two security mechanisms: it defends against prompt injection attacks and hands over sensitive operations such as payments to the user to complete. This marks a new development in Google's implementation of browser AI agents.
California Man Sentenced to 70 Months in Federal Prison for Money Laundering for “Crypto Kids” Criminal Organization
According to the LA Times, Evan Tangeman, a 22-year-old resident of California, was sentenced to 70 months in federal prison followed by three years of supervised release for laundering at least $3.5 million for the “Crypto Kids” criminal organization. The group carried out social engineering scams by impersonating employees of cryptocurrency exchanges such as Coinbase and Gemini, stealing over $263 million worth of digital assets. The illicit proceeds were used to purchase luxury vehicles, lease high-end residences, and fund extravagant spending. In addition to handling money laundering, Tangeman assisted group members in leasing luxury homes and instructed co-defendants to destroy digital devices after other members were arrested. Federal agents seized a Rolls-Royce Ghost and a Porsche GT3 RS from his residence.
Gemini Secures Major Payment Institution License in Singapore, Covering Digital Payment Tokens and Cross-Border Transfer Services
Odaily reports: Cryptocurrency exchange Gemini has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS), enabling it to provide digital payment token and cross-border transfer services.The license supports Gemini in offering spot trading, custody, and over-the-counter (OTC) services to both retail and institutional clients. Gemini has been serving customers in Singapore since 2020.Gemini co-founder and President Cameron Winklevoss stated that obtaining the license reflects the company's commitment to the Singapore market. Co-founder and CEO Tyler Winklevoss said Singapore will serve as the company's regional strategic hub. (Bitcoin.com News)
Google Gemini Spark Adds Google Photos Gallery Management Feature
Google announced that its personal agent, Gemini Spark, can now manage your Google Photos library. The new feature supports editing images, curating albums, automatically creating shared albums, converting concert poster photos into calendar events, and running workflows. This feature will roll out to US subscribers of Gemini AI Pro and Ultra in English over the coming weeks. To use it, you need to connect Google Photos to Gemini and enable Spark in the app.
Gemini 3.8 Flash officially launches on B.AI API, designed specifically for long-cycle programming and autonomous agents.
The B.AI platform has announced that Google DeepMind's latest Gemini 3.8 Flash model is now officially available via API. As the newest generation of core models in the Gemini 3 family, Gemini 3.8 Flash significantly enhances capabilities in software engineering, agent tasks, and multi-step reasoning across professional domains, while maintaining the Flash series' hallmark cost efficiency and low latency. It also delivers outstanding performance in specialized fields such as finance and law. The model supports a 1M token context window and native multimodal input, and is deeply optimized for complex reasoning and long-running agent workflows. Official API access is now open with exclusive discounts available.
Google Gemini 3.8 Flash Launches, DeepSWE 1.1 Scores 71%
Google Gemini 3.8 Flash has now launched on Gemini, Google AI Studio, and the API. According to Testing Catalog, the model scored 71% on the DeepSWE 1.1 benchmark, close to Claude Opus 5’s 74%, but at a much lower price. Regarding pricing, input costs $0.75 and output (including thinking tokens) costs $3.75 before December 31, 2026; starting January 1, 2027, these rates will increase to $1.50 and $7.50 respectively.
谷歌推出 Gemini 智能体视频理解功能，最高可降低 88% 代币消耗
谷歌 DeepMind 发布 Gemini 智能体视频理解功能，已面向 Gemini 3.7 Flash、3.6 Flash 和 3.5 Flash-Lite 模型开放。该功能可通过动态搜索、扫描和检查视频片段，提升长视频分析效率与准确性。相比传统固定帧率处理方式，其最高可减少 88% 代币消耗、降低 66% 分析成本，并提升最高 7% 准确率。该功能现已通过 Gemini API 在 Google AI Studio 和 Gemini Enterprise Agent Platform 中提供，未来还将应用于 Gemini 应用和 YouTube“Ask YouTube”功能。
Google will release Gemini 3.8 Flash as early as Wednesday.
According to a report by Wall Street Journal reporter Erin Woo citing employee sources, Google’s artificial intelligence research department is set to release a new model, Gemini 3.8 Flash, featuring significantly enhanced coding capabilities. Internally codenamed "Skimaki," the model could go live as early as Wednesday, September 2. In comparative testing against Google’s internal coding tool Jetski, company engineers demonstrated a stronger preference for the new model than for Anthropic’s Opus.
Related news
"White-Haired Stock Guru" Serenity: The probability of OpenAI and Anthropic slowing down frontier AI R&D is essentially zero
Odaily reports: "White-Haired Stock Guru" Serenity posted on X platform, stating that in their view, the probability of Anthropic and OpenAI genuinely slowing down frontier AI development is "essentially zero," and that some regulatory measures pushed by leading AI companies are more likely aimed at raising competitive barriers to restrict the development of competitors.They stated that OpenAI and Anthropic will not voluntarily cede their lead to competitors like Gemini, xAI, and Meta, and that given all countries are continuously advancing AI technology development, it would be very difficult for the United States to meaningfully slow down frontier AI R&D. Currently, all parties are still competing for scarce resources such as storage and AI chips. They believe that demand for AI-related infrastructure will remain strong, and rebutted the view that AI-related stocks such as Nvidia (NVDA), TSMC (TSM), and Micron (MU) will experience significant declines as a result.Previously, Anthropic CEO Dario Amodei published a long article stating that the AI industry must slow down the pace of improving model capabilities, but this does not mean stopping model training or technological progress — rather, it means ensuring companies have enough time for model alignment and safety safeguards. OpenAI founder Sam Altman expressed agreement, saying "we need to control the progress of frontier models," and stated that OpenAI will also consider giving independent evaluators access similar to that of employees.
Gemini Secures Major Payment Institution License in Singapore, Covering Digital Payment Tokens and Cross-Border Transfer Services
Odaily reports: Cryptocurrency exchange Gemini has been granted a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS), enabling it to provide digital payment token and cross-border transfer services.The license supports Gemini in offering spot trading, custody, and over-the-counter (OTC) services to both retail and institutional clients. Gemini has been serving customers in Singapore since 2020.Gemini co-founder and President Cameron Winklevoss stated that obtaining the license reflects the company's commitment to the Singapore market. Co-founder and CEO Tyler Winklevoss said Singapore will serve as the company's regional strategic hub. (Bitcoin.com News)
Goldman Sachs: Google Cloud’s 17 Product Lines Generate Over $1 Billion in Annual Revenue, With Gemini Customer LTV 50% Higher
According to Tide Research, Goldman Sachs' September 8, 2026 report indicates that Google Cloud CEO Thomas Kurian revealed at the Communacopia conference that Google Cloud currently has 17 product lines generating annual revenues exceeding $1 billion. New customer acquisition has grown by more than 2 times both year-over-year and quarter-over-quarter, and transactions exceeding $100 million have also increased by more than 2 times. Approximately 80% of Google Cloud customers are using AI products, while roughly 90% of Fortune 100 companies utilize Gemini Enterprise and Google Cloud security services. The five-year customer lifetime value for Gemini Enterprise customers is projected to be approximately 1.5 times higher than that of non-Gemini customers. On average, AI customers utilize 1.8 times more Google Cloud products than non-AI customers. Google Cloud is establishing differentiated competitiveness through its vertically integrated AI technology stack.
Gemini Granted Singapore Major Payment Institution License
Gemini 旗下 Gemini Digital Payments Singapore, Pte. Ltd. 已获得新加坡金融管理局颁发的主要支付机构许可证。Gemini 表示，该许可体现了其对新加坡市场的持续投入。该公司自 2020 年起在新加坡服务客户，目前在当地提供数字资产现货交易、托管及场外交易服务，面向零售和机构客户。
U.S. Department of Justice Prosecutes Group in $240 Million Bitcoin Theft Case, Ringleader Expected to Plead Guilty
According to the Associated Press, the U.S. Department of Justice has charged Ma Long Ram and 17 other defendants in connection with a Bitcoin theft scheme valued at over $240 million. Prosecutors allege that the group carried out a social engineering attack on a Washington resident by impersonating employees of Google and cryptocurrency exchange Gemini, thereby gaining control of their accounts and security codes to steal more than 4,100 Bitcoin. The suspects subsequently laundered the proceeds through multiple trading platforms and spent the money on sports cars, mansions, luxury watches, private jet services, and nightclub expenses.
China's AI Large Model API Call Volume Leads the World for 19 Consecutive Weeks as Tencent Hy4 preview Tops the Rankings
According to the latest data from OpenRouter, National Business Daily calculated that the total global API calls for AI large models last week (August 31 to September 6) reached 115 trillion tokens, a week-over-week increase of 1.77%. In particular, weekly API calls for Chinese AI large models amounted to 56.72 trillion tokens, a week-over-week increase of 2.83%, surpassing the United States (16.54 trillion tokens, a week-over-week decline of 3.1%) for the 19th consecutive week and firmly holding the top global position. In the global top five for call volume, four are Chinese models. Tencent Hunyuan HY4 Preview led with 14.7 trillion tokens, marking a week-over-week increase of 379%; GPT-5.6 Luna took second place with 12.9 trillion tokens; Zhipu GLM-5.3 Flash climbed to third with 12.4 trillion tokens; while the official and preview versions of DeepSeek-V4-Flash secured fourth and fifth places, respectively. MiniMax M3 returned to the rankings after nearly a month, claiming sixth place, and has since become the underlying foundation for the Arabic large model developed by Saudi Arabia’s HUMAIN company. Meanwhile, Xiaomi’s MiMo-V2.5 and Gemini 3.7 Flash fell out of the rankings this week.