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🇺🇸 Sam Altman and OpenAI are reportedly in talks with the Government to give it a 5% stake in the company - Financial Times.


💪 t.me/FinancialWorldUpdates

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¥1,400,000,000,000 wiped out from the Chinese stock market today.


💪 t.me/FinancialWorldUpdates

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Taiwan police bust $300 million World Cup betting ring.


💪 t.me/FinancialWorldUpdates

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Venice AI Raises $65M at $1B Valuation

Venice AI raised $65 million in a Series A led by Dragonfly, Coinbase Ventures, and North Island Ventures, reaching a $1 billion valuation two years after launch.

It hosts uncensored open-source AI models on its servers and routes requests to closed models from OpenAI and Anthropic.

The company reports $70 million annual revenue, profitability, 3 million active users, and 1.7 million API requests daily.

Funds will buy GPUs and build proprietary data centers.


💪 @FinancialWorldUpdates

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Over $730 billion has been wiped out from Asian stock markets today as AI and semiconductor stocks sell off.

South Korea's KOSPI is down -7.89%, wiping out ₩481 trillion ($324 billion).

Japan's Nikkei is down -2.47%, wiping out ¥35.3 trillion ($214 billion).

China's SSE is down -2.1%, wiping out ¥1.36 trillion ($191 billion).

💪 @FinancialWorldUpdates

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🇺🇸🇮🇷 Next round of US-Iran talks to begin on July 18.


💪 @FinancialWorldUpdates

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Lebanese Economy Minister Amer Bisat says losses caused by the war since 2024 may exceed $16 billion.


💪 @FinancialWorldUpdates

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🇺🇸 US JOBLESS CLAIMS 215K IN JUNE 27 WEEK; EST. 220K


💪 @FinancialWorldUpdates

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Non-Farm Payrolls (NFP)

Actual: 49K
Forecast: 114K
Previous: 172K

Unemployment Rate

Actual: 4.2%
Forecast: 4.3%
Previous: 4.3%

Average Hourly Earnings

Actual: 0.3%
Forecast: 0.3%
Previous: 0.3%

Overall:

Short-term Bullish for crypto and risky assets.

💪 @FinancialWorldUpdates

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🇮🇷 Iran says it will respond to any US intervention in the Strait of Hormuz.


💪 @FinancialWorldUpdates

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🇺🇸 President Trump says Micron $MU is putting $250,000,000 into Trump Accounts for children.


💪 @FinancialWorldUpdates

Speculators raised short positions in the yen to near-record levels, says CFTC. Bank of Japan vows strong action.


💪 @FinancialWorldUpdates

Wall Street analyst Mark Palmer just said live on CNBC that "Strategy $MSTR could surge to $570 by the end of this year if #Bitcoin reaches $95k."

"Strategy's capital structure is in a remarkably strong position if BTC price were to increase."


💪 @FinancialWorldUpdates

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$1,250,000,000,000 has now been wiped out from the US stock market in last 3 hours.

This is more than the entire market cap of Bitcoin.


💪 @FinancialWorldUpdates

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🇭🇰 Hong Kong to launch a long-awaited gold clearing and settlement system next week, aiming to become a major price-setter for the metal, SCMP reports.


💪 @FinancialWorldUpdates

🐈 Last 2 year performance:

S&P 500: +34%
Gold: +75%
NVDA: +69%



💪 @FinancialWorldUpdates

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🇨🇦🇺🇸 Canada unveils plans for oil pipeline to Asia to become an "energy superpower" and break dependence on US.


💪 @FinancialWorldUpdates

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After Sony announced plans to discontinue PlayStation game discs, Xbox is reportedly testing a disc-to-digital feature that would allow users to digitize their physical game collections.


💪 @FinancialWorldUpdates

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Legendary investor Michael Burry, best known for predicting and profiting from the 2008 financial crisis, is now betting against the AI boom

Burry has reportedly taken short positions in Micron, Nvidia, and Applied Materials, arguing that their soaring valuations are being driven more by AI hype than by underlying fundamentals.

His move doesn't necessarily mean the AI trade is over, but it does signal that one of Wall Street's most famous contrarians believes optimism around AI chips may have gone too far.


💪 @FinancialWorldUpdates