South Korea plans to inject $14 billion into its sovereign wealth fund to back AI and data center initiatives.

Beating AI Express (from Dongcha) reports: A user tasked Claude with managing a batch of Codex instances, uncovering a historical record bug. One session ran continuously for two days, generating 110MB of logs and consuming approximately 353 million tokens. When reopened, Codex only retained the initial message, though the actual work content was not lost. Codex stores full chat records locally and maintains an index for fast access, but the bug stems from this index: it got stuck at an early position, making subsequent records exist unaccessible to Codex. The user inspected their 439 sessions, finding 398 with index anomalies. Similar "false amnesia" issues were later reported on Windows Desktop, Remote SSH and other environments: underlying records remained intact, but the interface froze at an old position, with no active error alerts or automatic repairs. After the original poster deleted the corrupted index, Codex re-read the 110MB session in roughly 20 seconds, restoring all 398 anomalous sessions. However, subsequent cases revealed the problem isn’t limited to indexes—original records may also have duplicate serial numbers, so deleting the index directly isn’t safe in all cases. Currently, the bug remains open, with no associated fix pull requests (PRs) observed.

According to market data from BIT (bit.com), Alibaba’s US-listed shares turned from negative to positive in pre-market trading, currently rising 2.3% after falling more than 2.4% earlier. Alibaba founder Jack Ma has increased his holdings of the company’s Hong Kong-listed shares in recent days, with total purchases exceeding HK$600 million, signaling his firm confidence in Alibaba’s AI prospects. Group Chairman Joseph Tsai and CEO Daniel Wu also simultaneously bought more than HK$200 million worth of shares recently.

According to a report by the Science and Technology Innovation Board Daily, sources revealed that as Alibaba initiated a share placement and financing round, Jack Ma, founder of Alibaba, has been increasing his holdings of Alibaba’s Hong Kong-listed shares in recent days, with the total amount exceeding HK$600 million, expressing firm confidence in the company’s AI prospects. Earlier, after Alibaba announced its HK$80 billion new share placement plan, group chairman Joseph Tsai and CEO Wu Yongming increased their holdings of Alibaba stocks totaling about HK$120 million yesterday, casting a vote of confidence in the firm’s AI strategy. Specifically, CEO Wu Yongming bought 350,000 Alibaba Hong Kong-listed shares at an average price of around HK$111.6, spending approximately HK$40 million. The two together added 1.07 million shares, with a total value of about HK$120 million. Today, Joseph Tsai further spent HK$82 million to acquire 720,000 additional shares. All proceeds from Alibaba’s HK$80 billion new share placement will be fully invested in building full-stack AI capabilities and AI infrastructure. The share placement was actively subscribed by long-term investors including global sovereign wealth funds, ultimately achieving an over-subscription rate of nearly 3 times.

Binance announced that it will launch spot trading pairs for USDC/ARS, ACE/USDC, and PUMP/U at 16:00 (GMT+8) on August 26, and will simultaneously roll out spot algorithm order trading bot services for these pairs. It noted that ARS is a fiat currency code, not a digital asset code, so users in some countries or regions are ineligible to trade these spot pairs. All participants must complete account verification.

According to market data from BIT (bit.com), pre-market gains for U.S. stocks have widened: Nasdaq 100 futures are up over 1%, S&P 500 futures rose 0.53%, and Dow Jones futures gained 0.47%.

Beating AI News Brief: OpenAI is offering free ChatGPT Plus to students once again. Eligible U.S. undergraduate and graduate students, whether full-time or part-time, can receive 4 months of complimentary ChatGPT Plus, valued at $80. The promotion runs through October 31. Existing ChatGPT Plus subscribers who signed up directly for the service can also add the free period to their accounts. This year’s offer is twice as generous as last year’s. In 2025, OpenAI provided 2 months of Plus access to college students in the U.S. and Canada; this year, the duration has doubled to 4 months. Critically, the official terms explicitly note that students who participated in last year’s student discount can claim the offer again this year, provided they still meet eligibility requirements. However, this year’s promotion has a narrower scope, currently covering only eligible U.S. colleges and universities. Verification is conducted via SheerID. A ChatGPT account does not need to be linked to a school email, but possessing an education email alone does not guarantee qualification. SheerID will verify active enrollment status, and some schools may require SSO login or additional documentation. Several Reddit users have reported that student IDs and class schedules failed verification, with some ultimately completing the process by uploading tuition payment receipts.