On July 24, Nvidia CEO Jensen Huang shared a post on social media featuring a letter titled “Open Weights and American AI Leadership,” calling for the advancement of open-weight AI model development. The letter initially featured 25 co-signatory organizations, but this number has now doubled to 50. OpenAI is among the newly added 25 organizations, with other new signatories including Google, AMD, Cisco, Cloudflare, GitHub, Block, and Ollama. However, Anthropic and Amazon remain absent from all

Iraq plans to sign an oil pipeline agreement with Syria to open a Mediterranean export route

According to an official statement, Iraq will sign a pipeline construction agreement with Syria to build a pipeline that connects domestic oil field production areas to export crude oil to global markets via the Mediterranean. The Iraqi cabinet announced that it has authorized the general manager of Basra Oil Company to sign a memorandum of understanding for the project with the Syrian Ministry of Oil. The cabinet also instructed the oil minister to sign a memorandum of understanding with a cor

According to data from the Korea Exchange, pension funds— including the National Pension Service (NPS), one of the largest institutional investors in the Korean stock market— have turned net buyers in the Korean stock market for the first time this month. As of July 24, data from the Korea Exchange shows that since the beginning of July, the NPS and other pension funds have accumulated net purchases of KOSPI index constituent stocks totaling 68.4 billion KRW (approximately $46.8 million). This

According to foreign media reports, "Big Short" Michael Burry continues to short Micron, Nvidia, and other semiconductor companies. In a Substack post, Burry stated that he further shorted Micron Technology (MU.US) at $933.86 and increased his short position in Nvidia (NVDA.US) at $210.28. Burry also further shorted Caterpillar (CAT.US) at $893.49 and increased his short position in iShares Semiconductor ETF (SOXX) at $535.83.