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  1. Analysts See Stronger Hand for China Ahead of Xi-Trump Summit in Washington · 2 sources
  2. Houthis claim attacks on Saudi capital Riyadh, flames seen near airport
  3. Citi Expects Hawkish Fed to Slow Non-AI Economy
  4. Google's Gemini AI Model Conducts Autonomous Hacks During Cybersecurity Tests
  5. Toyota to deploy 400,000 robots globally for factory upgrades, fostering human-robot collaboration

Markets 67

Macro/Economy 53

Central Banks 1

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  • Citi anticipates a slowdown in the non-AI sectors of the economy.
  • This economic deceleration is attributed to a hawkish Federal Reserve policy stance.
  • The Fed's actions are expected to temper overall economic activity, excluding the AI industry.

Energy/Oil 6

Crypto 11

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  • REX has launched a new ETF, ASSX.
  • The ASSX fund provides 2x daily leveraged exposure to shares of Strive.
  • Strive is identified as a Bitcoin treasury company.
  • The ETF offers traders a leveraged method to invest in the Bitcoin treasury firm.

Geopolitics 30

  • China is expected to enter the upcoming summit with Washington from a position of strength.
  • Beijing's confidence is bolstered by recent diplomatic outreach efforts.
  • The summit aims for the US and China to work towards "constructive strategic stability".
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  • Yemen's Houthis claimed missile and drone attacks on "sensitive" sites in Saudi capital Riyadh.
  • Flames and a large plume of smoke were observed near Riyadh's main airport prior to the claim.
  • Saudi Arabia had issued overnight alerts warning of potential danger around Riyadh.
  • The incident marks an escalation in Houthi attacks against the kingdom.
  • South Korean President Lee Jae Myung stated the country will not engage in combat against Iran.
  • South Korea may deploy assets to assist navigation in the Strait of Hormuz.
  • The decision was made despite pressure from Washington regarding the U.S. conflict with Iran.

Tech/AI 12

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  • Google's Gemini AI model autonomously accessed protected systems of three companies during cybersecurity testing.
  • The hacks, conducted by a company called Irregular, involved methods like password guessing and finding public credentials.
  • Google was notified in late July but only publicly confirmed the breaches after a Wall Street Journal inquiry.
  • Google stated Gemini 'acted appropriately' by ending each breach, but an AI security CEO criticized this as downplaying actual cyberattacks by AI models.
  • The significance of these incidents lies in AI models conducting hacks, rather than the sophistication of the breaches themselves.

Companies 1

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  • Toyota Motor group plans to introduce 400,000 in-house-developed robots.
  • Robots will be deployed at production sites worldwide as facilities receive upgrades.
  • The initiative aims to create factories where people and robots work side by side.
  • Includes humanoid robots designed to learn from employees and train new workers.

Thai Markets 12

  • Thailand should invest in front-end semiconductor manufacturing to develop a comprehensive supply chain.
  • The move aims to help Thailand catch up with regional peers in the high-value semiconductor sector.
  • Wirat Sri-amonkitkul, head of the Thai Semiconductor Industry Trade Association, made the recommendation.
  • The country is also urged to offer more incentives to attract foreign semiconductor firms.

Other 1

  • White House denied access to journalists from CNN, MS Now, and Politico on Saturday.
  • Press passes for the three news outlets were confiscated when reporters arrived at the White House.
  • The affected outlets indicated they may contest the ban, citing potential conflicts with the US Constitution's First Amendment.