苹果触控版MacBook将搭载M5Pro和M5Max芯片，M7芯片机型将稍后推出
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MiniMax plans to launch a large model with 2.7 trillion parameters.
PANews reported on July 8th that, according to sources, AI company MiniMax is developing a new large-scale language model with 2.7 trillion parameters, exceeding the scale of all currently available domestic AI models. The sources stated that this new model is expected to be released as early as the third quarter of this year. Internal employees involved in the development have designated it as M3 Pro, but it is unclear whether the company will use this name in the official release. MiniMax plans to open-source the model. This new model is significantly larger than MiniMax's current flagship model, M3 (428 billion parameters). Larger-scale AI models are better suited for handling complex reasoning and multi-step instruction tasks.
JPMorgan: Open source weight commercialization exhibits a "winner-takes-all" phenomenon; Zhipu target price raised to HK$2,000, MiniMax target price cut to HK$300.
According to BlockBeats, on July 8th, JPMorgan Chase released a research report stating that currently competitive models in the market can expand adoption through open-source weighting and continue to monetize through official APIs, partner channels, enterprise deployments, and workflow products; while weaker models face faster price comparisons and traffic fragmentation. JPMorgan Chase raised its revenue forecasts for Zhipu from 2026 to 2030 by 3% to 9%, and narrowed its adjusted loss forecasts for 2026 and 2027 to RMB 3.711 billion and RMB 3.141 billion respectively. The 2028 forecast was revised from a loss of RMB 1.287 billion to a profit of RMB 2.367 billion. The target price was raised from HKD 1800 to HKD 2000, maintaining an "Overweight" rating. The report believes that the performance of GLM-5.5/6, KimiK3, and DeepSeekV4.1 will be key indicators of whether Zhipu can maintain its leading position. JPMorgan lowered its revenue forecasts for MINIMAX-W (2027-2030) by 2% to 8%, and reduced its target price from HK$400 to HK$300, while maintaining a "neutral" rating. The company noted that the M3 model offers a permanent 50% discount, reflecting that the model has not yet created a significant capability premium for leading domestic competitors. JPMorgan believes that if MiniMax can narrow the capability gap, normalize the discount, maintain API usage, and demonstrate stronger workflow stickiness through MiniMaxCode, its outlook could turn positive.
Stablecoin publicly traded company Streamex has received approval for a $20 million share buyback program.
According to Mars Finance, the board of directors of Nasdaq-listed RWA and stablecoin service provider Streamex has formally approved a share buyback program. The total buyback amount is capped at $20 million, and the company may repurchase up to 10 million shares of common stock within the next 12 months at a maximum price of $2 per share.
Bank of America Securities: Maintains "Buy" rating on MINIMAX, target price HK$500
According to BlockBeats, on July 7, Bank of America Securities issued a research report stating that the six-month lock-up period for the MINIMAX-W will expire tomorrow (July 8), which is expected to cause stock price volatility. However, it is possible that it will be included in the Hong Kong Stock Connect on August 6, which may also provide liquidity support. The report maintains a "buy" rating on MiniMax with a target price of HK$500.
The South Korean government is considering extending the sovereign AI core GPU guarantee project, with a budget of up to 4 trillion won next year.
According to Odaily Odaily, the South Korean government is considering extending its support project for GPUs, a core resource for AI. On July 7th, industry sources indicated that the Ministry of Science and ICT is investigating the capacity of major South Korean cloud service providers to build additional GPUs, aiming to extend the "AI Computing Resource Utilization Infrastructure Enhancement Project." The core of this project involves government-funded purchases of GPUs, deployment in cloud service provider data centers, and support for industry-academia-research collaboration. Last year, the South Korean government allocated a budget of 1 trillion won, and this year it allocated 2 trillion won, securing over 20,000 GPUs. The project was originally scheduled to end this year, but with the surge in demand for advanced resources such as NVIDIA's next-generation GPU Vera Rubin, the South Korean government is developing comprehensive countermeasures, including data center efficiency optimization and new space security plans. It is reportedly already applying to the Planning and Budget Office for a "limited additional budget" for GPU security. Industry estimates suggest that, considering this year's GPU security budget and the government's intentions, next year's budget could reach a maximum of approximately 4 trillion won. Industry experts say that compared to the GPU supply itself, "equipment installation space" will be the key to the success or failure of the project, because running thousands of high-performance GPUs simultaneously requires a large power supply and advanced cooling systems, and the equipment installation space held by South Korean companies is nearing saturation. (ETNews Electronics)
The ENS governance crisis has escalated, and the community plans to propose delegating 5 million ENS tokens to reform the allocation of voting rights.
According to Foresight News , AvsA, a core contributor to the ENS DAO, recently released a draft proposal on the forum, suggesting reforming the DAO governance structure by delegating (rather than distributing) 5 million ENS tokens. According to the draft, the 5 million ENS tokens will be transferred from the DAO treasury to a multi-delegation contract, with 1 million tokens allocated to each of five stakeholder groups (users, integrators, developers, traditional domain name system participants, and the governance community). A maximum of 10 candidates from each group will be selected based on criteria. The delegated parties will not receive any financial rights in the tokens, only voting rights. If a party does not participate in voting for more than 6 months, their voting rights will be redistributed. The proposal is based on the fact that ENS governance is in crisis, with a single proxy holding enough voting power to pass any proposal independently, and total delegated votes continuing to decline, resulting in significantly low participation in recent proposal voting. This proposal is currently in the feedback collection phase and has not yet entered the formal voting process.