Tech News
LAST UPDATE: August 29, 2025
China Warns Against ‘Disorderly Competition’ in Booming AI Race
China’s National Development and Reform Commission (NDRC) has urged provinces to coordinate AI development in line with local strengths and avoid overlapping or wasteful competition. Zhang Kailin emphasized preventing a “follow‑the‑crowd” mentality. (Bloomberg.com)
Insight
Beijing aims to strategically steer AI growth through structured, regionally complementary initiatives, avoiding overcapacity reminiscent of past sectoral excesses.
Eric Trump says Trump family ‘loves’ Bitcoin community, predicts $1 million valuation
Speaking at the Bitcoin Asia conference in Hong Kong, Eric Trump declared that the Trump family “loves and believes in” the Bitcoin community and forecasted Bitcoin will reach a $1 million valuation. He cited institutional demand and supply constraints. (Reuters)
Insight
Echoing growing political affinity for crypto, his bullish prediction and endorsement signal alignment of the Trump family with the digital asset ecosystem—possibly boosting sentiment.
