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Figure's founder invests $100 million in "personal AI": Former Apple iPhone Air designer joins team to create a series of AI hardware.

According to 1M AI News, Figure CEO Brett Adcock announced the creation of a new AI lab, Hark, aiming to build "the world's most advanced personal intelligence." Hark will deeply integrate self-developed multimodal models with customized hardware to create a universal interface for interaction between humans and machines. Hark has been operating secretly for eight months, launched with a $100 million personal investment from Adcock, whose net worth is estimated at $19.1 billion by Forbes. Adcock told Bloomberg that Hark is developing "a range of AI devices, both for personal and home use," with forms distinct from existing smartphones, wearables, and smart glasses. The first AI models are planned for release this summer, followed by hardware. On the team side, former Apple industrial designer Abidur Chowdhury will serve as head of design. He worked at Apple for seven years, participating in the design of the iPhone and Mac product lines, including the recent iPhone Air. The hardware team has also brought in veteran Apple employees David Narajowski and Dave Wilkes. The AI research team has recruited several senior researchers from Meta's Superintelligence Lab. The team currently has about 45 members and is expected to expand to 100 in the first half of the year. Members also come from Google, Amazon, and Tesla. Hark has reached a computing power agreement with NVIDIA, and thousands of GPUs will be deployed next month for model training. Adcock is a serial entrepreneur. His company, Figure, founded in 2022, recently had a valuation of $39 billion. He previously founded the recruitment platform Vettery (which exited for $100 million), the electric vertical takeoff and landing (EVA) company Archer (NYSE: ACHR), and the weapons testing company Cover. Figure will remain an independent entity.
Disclaimer: The views above are the author's only and do not represent 711BTC. Nothing here constitutes investment advice.

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07-08 20:33

Report: TradeFi contract trading volume accounted for 11% of total contract trading volume in the first five months of 2026.

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07-08 20:31

The Bank of Korea has released a regulatory proposal suggesting that personal stablecoin transactions exceeding $10,000 should be limited to transfers from verified wallets.

According to Mars Finance, the legal team of the Bank of Korea has published a research paper titled "Regulatory Scheme for Foreign Remittance Transactions Targeting Stablecoins," proposing regulatory recommendations for large-scale stablecoin transactions. The paper, referencing current South Korean foreign exchange control regulations, proposes constraints on stablecoin transfers exceeding $10,000 between individuals, requiring such transactions to be conducted only between officially certified wallets, along with a pre-reporting mechanism. The institution acknowledges that there are technical obstacles to fully controlling unregistered wallets, but due to anti-money laundering compliance requirements, it is necessary to strengthen restrictions on large-scale cross-border stablecoin fund flows. South Korean regulators have previously repeatedly stated the need to improve the monitoring system for cross-border crypto asset transactions using non-custodial wallets; this paper further refines and implements the regulatory approach.

07-08 20:22

Gate responded to online rumors of user asset theft: An urgent investigation is underway, and preliminary assessments indicate it is an isolated incident.

According to Foresight News , Gate responded to online reports of user assets being stolen, stating that the incident shows the customer made a withdrawal between 3:00 PM and 4:00 PM on July 7th, and reported the loss to online customer service at 5:00 PM on July 8th. Gate has initiated an investigation, and the incident is currently under urgent investigation. Preliminary assessments indicate it is an isolated case, there are no system security vulnerabilities, and the website is operating normally. Preliminary investigations suggest this incident may be related to a leak of user information; the specific details are under investigation. Gate will disclose further details as soon as the investigation concludes.

07-08 20:19

Justin Sun has staked $430 million in Ethereum on Lido, yielding an annualized return of approximately $9.5 million.

According to Odaily Lens monitoring, Justin Sun Sun has been continuously staking ETH through Lido Finance. 23 hours ago, Justin Sun staked another 13,000 ETH, worth approximately $23.08 million, bringing his total staked ETH on Lido to 247,436 stETH, currently valued at approximately $430.2 million. Data shows that since February 2023, this staking position has generated a total of 11,307 stETH staking profits, worth approximately $26.82 million. Based on the current profit level, Justin Sun position has an annualized return of approximately $9.5 million.

07-08 20:17

Guangdong: By the end of 2027, the province's urban digital infrastructure support capabilities will be significantly enhanced.

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07-08 20:10

Morgan Stanley reiterated its "overweight" rating on RKLB and raised its bullish price target to $293.

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