Anthropic Lost $42 Billion Last Year. It Wants to Go Public at $2 Trillion
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The National Development and Reform Commission stated that the scale of my country's artificial intelligence-related industries exceeded one trillion yuan last year, and preliminary forecasts indicate a growth rate of over 30% this year.
According to Mars Finance, Wang Ruomeng, Deputy Director of the Innovation and High-Tech Development Department of the National Development and Reform Commission, stated that the scale of my country's artificial intelligence-related industries exceeded one trillion yuan last year, and preliminary forecasts indicate a growth rate of over 30% this year. (Cailian Press)
Hong Kong Stock Exchange: Average daily turnover in the first half of 2026 increased by 18% compared to the same period last year.
PANews reported on July 7th that, according to a report by Cailian Press, the Hong Kong Stock Exchange announced that the average daily turnover in the first half of 2026 was HK$283 billion, an increase of 18% compared to HK$240.2 billion in the same period last year; the average daily turnover of exchange-traded funds (ETFs) was HK$39.6 billion, an increase of 17% compared to HK$33.8 billion in the same period last year; and the average daily turnover of leveraged and inverse products was HK$8.8 billion, an increase of 110% compared to HK$4.2 billion in the same period last year. The average daily turnover in June 2026 was HK$319.1 billion, an increase of 9% compared to HK$292.9 billion in the previous month and an increase of 39% compared to HK$230.2 billion in the same period last year.
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)
Circle minted an additional 250 million USDC on the Solana chain, bringing its total minting this year to approximately 66.76 billion.
PANews reported on July 8th that, according to Onchain Lens, stablecoin issuer Circle has just minted an additional $250 million worth of USDC on the Solana blockchain. Data shows that Circle has minted approximately $66.76 billion worth of USDC on Solana so far this year.
Since October of last year, hedge funds have once again concentrated their buying on technology stocks.
According to a chart posted on X by financial analysis website Barchart, based on Odaily of America data, hedge funds' purchases of technology stocks last week reached their highest level since October of last year.
Billionaire Grantham is bearish on SpaceX: 90% chance of eventual collapse, questions AI and the Mars narrative.
According to Mars Finance, on July 8th, billionaire investor Jeremy Grantham, known for his warnings about asset bubbles, publicly questioned SpaceX's current valuation of approximately $2 trillion. He argued that there are significant doubts about the company's AI business, Mars program, and long-term growth logic, and stated that he is "90% betting" on SpaceX's eventual historic collapse. He believes that attributing approximately 90% of the serviceable market to AI in SpaceX's prospectus is "unbelievable," and that its AI products are not competitive enough to compare with OpenAI and Anthropic. However, mainstream Wall Street institutions generally remain optimistic about SpaceX. With the company's formal inclusion in the NASDAQ-100 Index, it is expected to attract more passive investment. Several investment banks, including Goldman Sachs, JPMorgan Chase, and Morgan Stanley, have given positive ratings, believing that Starship, Starlink, and AI businesses will be the core drivers of future growth.