News linked to both this project and an event.
According to Korean media Asiae, six top Silicon Valley VC firms, including Sequoia Capital, a16z, Khosla Ventures, Lightspeed Venture Partners, General Catalyst, and NEA, announced the signing of a strategic investment cooperation memorandum of understanding (MOU) with the South Korean National Pension Service (NPS), planning to jointly explore investment opportunities, share investment information, and strengthen their global venture capital layout. Additionally, with the South Korean government accelerating policies to attract overseas venture capital, coupled with the launch of the 200 trillion won "National Growth Fund," the market expects the Korean venture capital sector to see simultaneous inflows of policy funds, private capital, and overseas capital, with strategic industries such as AI and semiconductors expected to receive more investment. However, industry insiders warn that if a large amount of capital concentrates on a few popular enterprises, it may push up corporate valuations and create bubbles, potentially facing valuation correction pressure during future IPO and M&A exits, affecting fund return rates.
According to Politico, nearly 200 Silicon Valley companies, including Proton, Y Combinator, and others, wrote to the Trump administration opposing restrictions on U.S. companies' access to Chinese open-weight AI models. The letter was initiated by the newly formed "Small Tech Association," with recipients including Trump, U.S. Secretary of Commerce Howard Lutnick, and Director of the White House Office of Science and Technology Policy Michael Kratsios.
David Sacks, Chairman of the President's Council of Advisors on Science and Technology, stated on the X platform that using regulatory uncertainty as a competitive tool is "completely unacceptable," and regulatory decisions should be based on facts, logic, and evidence, rather than deliberately creating fear and uncertainty (FUD). He is unsure whether venture capitalist and AI policy researcher Dean Ball is admitting to a "regulatory capture" strategy or merely predicting its occurrence, but in any case, leveraging regulatory agencies to issue "soft law" warnings, creating market panic, and thereby forcing regulated companies to stay away from Chinese open-source models should not be tolerated.David Sacks pointed out that Dean Ball believes there is no need to directly ban Chinese open-source models; simply guiding regulators to issue relevant warnings can influence corporate decisions by generating enough doubt and uncertainty, and these reasons "don't even need to be very solid."In response, Sacks argued that any regulatory decision must be well-founded, rather than implementing policies in disguise through "manufactured doubt." He warned that bypassing public deliberation processes in this way would not only erode the foundation of the rule of law but could also open the door to future regulatory abuses targeting any enterprise or individual.Sacks further stated that AI policy is currently at a critical turning point. Major closed-source labs, which have already formed a duopoly in AI model revenue, are now attempting to use government power to eliminate open-source competitors.He called on other companies and developers in Silicon Valley that still support open competition to take a clear stance and jointly safeguard an open ecosystem in the AI field.
According to the Financial Times, stablecoin issuer Circle banned crypto fund Heka Funds at the end of 2023. Court documents reveal that Circle accused Heka of leveraging large-scale arbitrage operations to buy discounted USDC and redeem cash from Circle during the 2023 Silicon Valley Bank (SVB) crisis, suspecting that the relevant funds ultimately flowed to Tether to help it expand its USDT market share. Arbitration documents disclosed that Tether had invested approximately $800 million in Heka, accounting for about 75% of the fund's assets, and waived its minting fees, but Heka did not disclose this support relationship to Circle. Heka previously filed for arbitration claiming approximately $49 million in lost profits due to the account ban, but the arbitrator rejected all its claims in February this year, determined that Heka engaged in bad faith conduct, and ordered it to pay Circle approximately $166,000 in attorney and expert fees. Heka denied engaging in market manipulation and stated it was not under regulatory investigation.
a16z co-founder Marc Andreessen published a highly satirical long-form post on platform X, centered around the topic of "AI regulation." Through two extreme narratives, he presented the conflicting positions on this issue.In the narrative "against AI regulation," Marc Andreessen portrays regulation as a force that stifles innovation, potentially killing garage startups, weakening the Silicon Valley ecosystem, increasing compliance burdens, and limiting the development of AI and computing infrastructure. He sarcastically notes, "If US AI regulators had policed our grandfathers, they would have banned the use of horse-drawn carriages."In the narrative "supporting AI regulation," Marc Andreessen uses irony to describe the order, safety, and expansion of the industrialized compliance system that regulation could bring. This includes a massive compliance industry, strengthened government regulatory frameworks, and social redistribution mechanisms.However, Andreessen does not offer a single conclusion in the article. Instead, through highly exaggerated language, he highlights the long-term structural conflict and rift within AI regulation between "innovation freedom" and "safety governance."In previous news, Anthropic issued a statement saying that the US government issued an export control directive under the guise of national security authority, requiring the suspension of all foreign entities' access to AI models Fable 5 and Mythos 5, regardless of whether the personnel are within the United States, including Anthropic employees who are foreign nationals.
: “New Stock God” Serenity posted on platform X, stating that the proposal for the EU Chips Act 2.0 has been officially released. Photonics technology has been confirmed as a structural component of EU policy, which constitutes a long-term positive for the photonics industry. The proposal explicitly supports the development of photonic integrated circuits (PICs) and related technologies. This includes building and strengthening the advanced design, prototyping, and industrialization capabilities for PICs, expanding the EU's design capabilities in the photonics field, supporting pilot production lines and open semiconductor manufacturing facilities for PICs and related technologies, and developing and maintaining design libraries and design automation tools for PICs. The key policy directions include:1. Co-packaged optics (CPO/interconnects) for AI data centers, benefiting Sivers (SIVE)2. Silicon photonics applications for high-bandwidth data center interconnects, benefiting X-FAB (XFAB)3. Strengthening production technical capabilities for photonic integrated circuits, including co-packaging, heterogeneous integration, and material platforms4. The strategic position of SOI wafers within the EU is confirmed, with Soitec and Siltronic being key participantsSerenity's analysis indicates that the Act structurally benefits leading European photonics companies, especially those involved in AI data centers. It is expected that related stocks will benefit sequentially within 3 to 15 months after the policy release, and the market may have already started to react in a forward-looking manner.
US stock calling king Serenity posted on X platform that it has completed building a position in European stock XFAB at a market cap of $1.28 billion. This is the first time Serenity has mentioned this stock on X. XFAB rose by 10% after opening on Euronext Paris today (opening at 15:00 Beijing time), rising from €8.88 to €9.88.X-FAB Silicon Foundries SE (XFAB) is a specialty wafer foundry focused on analog and mixed-signal semiconductor technologies. Serenity stated that the EU's "CHIPS Act 2" will act as a catalyst for European photonics companies, and XFAB is likely to be included and receive government funding.Additionally, XFAB is the only high-volume silicon carbide wafer foundry in the United States and is also a key manufacturer of Micro-Electro-Mechanical Systems (MEMS). Currently, XFAB's price-to-book ratio is approximately 1.29x, and Serenity believes its expected price-to-earnings ratio will reach 6.5 to 8.5 in 2028.It is reported that Serenity is currently the most followed and influential stock analyst in the AI/semiconductor sector on the X platform. Joining X in July 2025, Serenity now has over 400,000 followers and over 37,000 account subscriptions. Over the past year, many small-cap stocks it has called have risen by over 100%, and its personal return rate so far this year has exceeded 3,840%.To learn more about Serenity’s investment strategies and background, please read "US Stock Calling King Serenity: Building Positions at Low Valuations Ahead of Institutions, Annual Return of 3,840%".