Deutsche Bank: Meta Cloud business may open a channel for monetizing hundreds of billions of dollars of AI investment, with revenue expected to increase by up to $30 billion by 2027.
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Revolut, OpenReserve get preliminary US bank approval with crypto plans
Revolut and OpenReserve received preliminary OCC approval to form US national banks, with both planning cryptocurrency and stablecoin-related services.
O-Film's machine vision business operates independently and has entered the supply chains of robotics companies such as UBTECH and CloudMinds.
Mars Finance reported on July 8th that O-Film recently announced the establishment of O-Film Machine Vision Technology (Jiangxi) Co., Ltd. in Nanchang. Previously, this business belonged to the machine vision line under O-Film's Microelectronics Business Unit, primarily engaged in 3D visual perception, industrial intelligent inspection, and related businesses. With the expansion of business scale, O-Film has established an independent company to operate this line. It is understood that O-Film Machine Vision has already cooperated with several leading domestic intelligent equipment companies, including UBTECH, CloudMinds, and IndependentVariable. In addition, the company is also a core supplier for intelligent cleaning equipment companies such as Ecovacs, Roborock, and Kuma. (Jiemian)
Bank of America raised its capital expenditure forecasts for Alphabet, Meta, and AWS.
According to BlockBeats, on July 8th, Bank of America revised its capital expenditure forecasts for Alphabet, Meta, and AWS upwards for 2026 and 2027. Alphabet's 2026 capital expenditure forecast was revised upwards from $187 billion to $195 billion, and its 2027 forecast from $257 billion to $290 billion. Meta's 2026 forecast was revised upwards from $130 billion to $145 billion, and its 2027 forecast from $157 billion to $185 billion. AWS's 2026 forecast remained at $159 billion, while its 2027 forecast was revised upwards from $196 billion to $230 billion.
Deutsche Bank awaits regulatory nod to launch institutional crypto custody solutions
Germany’s largest bank is awaiting regulatory approval to launch institutional custody solutions for Bitcoin, Ether and select stablecoins before expanding into tokenized assets.
A16z-Backed OpenReserve Gets Approval for Full-Service National Bank
The a16z-backed startup chose a full national charter over the trust-bank route most crypto firms have taken, clearing a path toward insured deposits and conventional lending alongside stablecoin issuance.
Korean bank taps Ripple for payments, Pakistan opens crypto licensing: Asia Express
Asia’s biggest crypto hubs are locked in a tax-cut arms race, while Ripple will help Korea’s Jeonbuk Bank move money across borders.