An analyst: The US stock market crash could last 1 to 2 weeks, and the Nasdaq could drop as much as 25%.

Beating AI News: Google has launched its Gemini Omni 1.2 Flash video generation model. The new version can produce videos up to 15 seconds long, a 50% increase over its predecessor. The cost of 720p video generation has dropped by 30% to $0.07 per second, meaning a 15-second video costs just $1.05 to generate. A key upgrade of Omni 1.2 Flash is its enhanced ability to maintain consistency of characters and visuals during sequential video edits. For example, users can use chat prompts to sequentially change the background of the same video to a forest, stable, and castle, while retaining the original characters, actions, and camera angles. The new version also fixes lip-sync issues for multi-person dialogues and the problem of abrupt visual jumps during continuous camera movements. In the preliminary Arena rankings released on November 5, Omni 1.2 Flash ranked first in both text-to-video and image-to-video categories, and third in video editing. The new model is now available via the Gemini API and integrated with Flow and Google Vids. The 15-second video generation feature of the Gemini App is gradually being rolled out to Google AI Ultra users.

Stablecoin financial platform Takenos has closed a $7 million seed round extension, with North Island Ventures and Road Capital Management leading the round, and Variant, Lattice, Reverie among other participants. The company’s total funding now stands at $12 million, with the proceeds to support its service expansion.

According to Bitget market data, South Korea's KOSPI index continues to rebound, with its decline narrowing to less than 4%.

According to Bitget market data, South Korea's KOSPI index has narrowed its decline to 5% after falling more than 8.5% earlier. SK Hynix is currently down 6.9%, while Samsung Electronics is down 4.2%.

Yesterday, stocks of companies closely linked to AI infrastructure—including NVIDIA, SpaceX, and Oracle—plummeted sharply. NVIDIA closed down 9.3%, notching its largest single-day drop since January 2025. SpaceX fell 9%, while Oracle declined 6.9%. The sell-off also triggered massive wealth losses for tech billionaires. Per the Bloomberg Billionaires Index, NVIDIA CEO Jensen Huang’s net worth dropped by $15.1 billion in a single day to $150.9 billion, slipping from 9th to 13th place in the global billionaire rankings and out of the top 10. SpaceX founder Elon Musk and Oracle co-founder Larry Ellison saw their wealth shrink by $79.7 billion and $10.1 billion respectively on Thursday. On that day, the combined wealth of the world’s top 500 billionaires tracked by the Bloomberg Billionaires Index fell by $185 billion. This marks the 14th largest single-day wealth loss on record since Bloomberg launched the index in 2012.

Nasdaq futures extended their gain to 1% after falling more than 1% earlier. Micron Technology rose 5.5% in after-hours trading, SanDisk gained 6%, AMD climbed 5%, and Nvidia advanced 2.4%.