WSJ: SpaceX is in talks to provide billions of dollars worth of computing power for the U.S. Department of Defense's AI project.
According to a WSJ report, sources familiar with the matter revealed that SpaceX (SPCX.O) is in talks with the U.S. Department of Defense (DoD) to provide the agency with billions of dollars worth of computing power for running artificial intelligence (AI) models, further deepening the collaboration between the Elon Musk-led company and the U.S. DoD. The negotiations are ongoing but could ultimately fall through. People familiar with the plans said SpaceX has signed similar deals with Anthropic and Google in recent months and is now planning to significantly expand its cloud computing business. According to insiders, SpaceX employees have in recent weeks discussed plans to offer computing power to AI clients at lower prices, positioning the company to compete more directly with existing providers like CoreWeave.
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A Thai-flagged vessel was attacked in the Strait of Hormuz this morning.
According to China Central Television (CCTV) reports, a source from the Iranian side stated that a vessel was struck by Iranian forces in the Strait of Hormuz on the day in question. The ship, flying the Thai flag, ignored relevant warnings and attempted to transit the Strait of Hormuz without authorization from the Iranian Revolutionary Guard Corps (IRGC) Navy. It was subsequently intercepted and hit by the IRGC Navy.
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Advisor to Iran’s Supreme Leader: If U.S. military continues its operations, Iran may shift to a full-scale offensive phase.
Advisor to Iran’s Supreme Leader Rezaei has stated that if the U.S. continues its attacks over the next two to three days, Iran will end its previous strategy of deterrence and proportional counterattacks, shift to a phase of "full-scale offensive and destruction", and may directly strike U.S. military bases and personnel outside American territory. He added that Iran’s prior restraint was aimed at preventing the spillover of regional conflicts, but U.S. "miscalculations" could drive the situation to escalate. Rezaei also called on regional countries and governments including Kuwait, Jordan, Qatar, and the UAE to stop the U.S. and Israel from expanding their operations, noting that the U.S. strategy of "pursuing war and negotiation in parallel" has failed, and Iran will intensify its counterattacks in the coming days.
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Trump: June inflation brings 'good news', US ushers in 'golden age'
U.S. President Trump stated that June’s inflation data delivered exciting positive news: the monthly CPI saw its largest drop in six years. June’s CPI came in below the forecast of all 67 economists surveyed by Bloomberg. “Prices of various goods including gasoline, electricity, auto insurance, hotels, and prescription drugs have all declined. With strong wage growth and falling prices, real wages rose sharply by 0.8%. As investment continues to pour into the U.S., factory construction expands rapidly, manufacturing employment rises, and prices remain low, we have much to be proud of—the U.S. golden age has arrived!” TSMC announced it will invest an additional $100 billion in its semiconductor manufacturing facility in Arizona, bringing its total investment in U.S. plants to a record $265 billion. “My trade policies and trade agreements are delivering on every promise I made. From automobiles and pharmaceuticals to semiconductors and across the entire economy, the Trump administration is bringing advanced manufacturing back to the U.S. This is what success looks like! Mass hiring, large-scale construction, massive investment—welcome to the U.S. golden age; we invite everyone to build factories here.”
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Venice AI updates its token economics: introduces a buyback mechanism and raises the supply cap for DIEM.
Venice AI has issued an announcement updating its token economics, with two primary changes: First, a new programmed burn mechanism: For every $100 worth of API credits purchased, $5 will be allocated to buy VVV on the open market and permanently burn the tokens. Second, DIEM’s supply target has been raised for the first time, from 38,000 to 40,000 (an increase of 2,000 units). The adjustment will be rolled out in phases, with the full target expected to be achieved by September 14.
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Trump Media Company prices exclusive early access to Trump’s posts at $100,000 per month.
According to the Financial Times, Trump Media & Technology Group is pitching a $100,000 monthly service to clients that delivers fast access to former President Donald Trump’s posts. Earlier reports noted that Trump Media would sell premium, faster access to posts on its Truth Social platform; the new service allows traders and investors to pay for real-time pushes of Truth Social content. This data feed service will launch next month for institutional clients, including high-frequency algorithmic trading firms.
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