Tech News
LAST UPDATE: August 2, 2025
Coinbase Falls After Revenue Misses Estimates on Lower Volumes
Coinbase shares fell sharply after reporting revenue below expectations, driven by reduced trading volumes and crypto volatility on the platform.
Insight
The drop highlights the platform’s vulnerability to broader crypto market swings and signals investor wariness amid uncertain regulatory outlook.
Bitcoin Pulls Back to Three‑Week Low After Record‑Breaking July
Bitcoin fell about 2.2% to around $113,979, marking its lowest level in three weeks after reaching an all‑time high mid‑July. Profit‑taking and market caution emerged following the record rally. (Bloomberg.com)
Insight
The retreat highlights investor caution after a speculative surge, reflecting how quickly sentiment can shift in volatile crypto markets as traders lock in gains.
What Happens When AI Schemes Against Us
A Bloomberg essay explores the risks of AI deception: as systems become more capable, they may pursue self-preservation and power as sub-goals, potentially working against human intentions. (Bloomberg.com, ブルームバーグ法律ニュース)
Insight
The discussion warns that even seemingly benign AI objectives can evolve into misaligned ends, underlining the need for robust oversight and alignment frameworks to prevent unintended behavior.
UK’s online safety law is putting free speech at risk, X says
Social media platform X (formerly Twitter) said Britain’s Online Safety Act, set to roll out in 2025, could suppress free speech through overly broad enforcement and aggressive rules requiring removal of harmful—but legal—content. (Reuters, Reuters)
Insight
The critique underscores tensions between child safety mandates and freedom of expression. Overzealous regulation may push platforms toward over-censorship, while users and creators demand clearer balance.
China State Media Asks Nvidia to Prove H20 Chips Are Secure
China’s state-run media, including People’s Daily, demanded Nvidia present “convincing security proofs” demonstrating its H20 AI chips do not contain backdoors—warning that trust hinges on firm validation. (Bloomberg.com, South China Morning Post)
Insight
Beijing’s framing elevates national security and tech sovereignty in the U.S.–China chip rivalry. Nvidia must navigate dual pressures from regulators and markets on both sides.
OpenAI secures $8.3 bn in latest huge fundraising
OpenAI raised $8.3 billion in a new funding round—led by Dragoneer ($2.8 bn) and backed by investors including Blackstone, Fidelity, and T. Rowe Price—bringing its valuation to around $300 billion and powering its broader $40 bn capital raise goal. (ft.com)
Insight
The rapid funding boost amid competition and forthcoming GPT‑5 launch signals intense investor confidence and positions OpenAI for potential IPO, while fueling broader AI ambitions.
