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On May 14, fintech company Stitch announced the completion of a $25 million Series A funding round, led by a16z, with participation from Arbor Ventures, COTU Ventures, RAED Ventures, and SVC.

[Fintech Company Stitch Completes $25 Million Series A Funding Led by a16z]On May 14, fintech company Stitch announced the completion of a $25 million Series A funding round, led by a16z, with participation from Arbor Ventures, COTU Ventures, RAED Ventures, and SVC.

Fintech Company Stitch Completes $25 Million Series A Funding Led by a16z

GAIN fluctuated by 52.31% within 24 hours, current price $0.001345

【GAIN 24-hour fluctuation over 50%!】GAIN fluctuated by 52.31% within 24 hours, current price $0.001345

GAIN 24-hour fluctuation over 50%!

According to monitoring by Beating, Tianyi Zhang, the head of the xAI Search and Fact-Checking Post-Training team, announced his departure on X today. Over the past year, he has led the development of Grok's real-time search and Agent functionalities. His primary task was to ensure that Grok could accurately retrieve information while navigating the vast, real-time fragmented data on the X platform, without being misled by rumors and generating 'hallucinations.' This was also the underlying technological pillar of his personally favored 'Grok Instant Mode.' Tianyi Zhang's departure is the latest instance in a recent wave of talent loss at xAI. According to Fast Company, approximately 80 staff members have left the lab in the past year. Notably, the founding team has been completely emptied; all co-founders of the company, including Jimmy Ba and Tony Wu, have departed, leaving only Elon Musk. Additionally, several newly appointed executives, including the CFO and the head of infrastructure, have also left recently. Musk previously stated that this restructuring was aimed at 'increasing execution speed' and likened it to the early 'tear down and rebuild' phase of Tesla.

[Wave of Departures at xAI: Core Leader of Grok Real-Time Search Exits]According to monitoring by Beating, Tianyi Zhang, the head of the xAI Search and Fact-Checking Post-Training team, announced his departure on X today. Over the past year, he has led the development of Grok's real-time search and Agent functionalities. His primary task was to ensure that Grok could accurately retrieve information while navigating the vast, real-time fragmented data on the X platform, without being misled by rumors and generating 'hallucinations.' This was also the underlying technological pillar of his personally favored 'Grok Instant Mode.' Tianyi Zhang's departure is the latest instance in a recent wave of talent loss at xAI. According to Fast Company, approximately 80 staff members have left the lab in the past year. Notably, the founding team has been completely emptied; all co-founders of the company, including Jimmy Ba and Tony Wu, have departed, leaving only Elon Musk. Additionally, several newly appointed executives, including the CFO and the head of infrastructure, have also left recently. Musk previously stated that this restructuring was aimed at 'increasing execution speed' and likened it to the early 'tear down and rebuild' phase of Tesla.

Wave of Departures at xAI: Core Leader of Grok Real-Time Search Exits

On May 14, Bitcoin treasury company Nakamoto announced its financial report for the first quarter of 2026, stating that it completed the acquisition of BTC Inc. and UTXO Management on February 20, officially establishing an operational system covering Bitcoin media, asset management, and advisory services. At the same time, the company launched an actively managed Bitcoin derivatives strategy to enhance treasury asset returns, improve capital efficiency, and manage downside risks. Total operating revenue for the first quarter was $2.7 million, with $1.6 million coming from operational activities and $1.1 million from Bitcoin reserves and derivatives strategies. The financial report indicated that Nakamoto incurred a net loss of $238.8 million in the first quarter, primarily due to non-cash and transaction-related items, including a $102.5 million mark-to-market loss resulting from the decline in Bitcoin prices, a $107.7 million non-cash loss due to reduced cumulative gains from pre-acquisition call options, and approximately $8 million in transaction and integration costs. As of March 31, 2026, the company held over 5,000 Bitcoins, with a fair value of approximately $345 million at the end of the period.

[Nakamoto Reports Q1 Net Loss of $238.8 Million, Holds Over 5,000 BTC]On May 14, Bitcoin treasury company Nakamoto announced its financial report for the first quarter of 2026, stating that it completed the acquisition of BTC Inc. and UTXO Management on February 20, officially establishing an operational system covering Bitcoin media, asset management, and advisory services. At the same time, the company launched an actively managed Bitcoin derivatives strategy to enhance treasury asset returns, improve capital efficiency, and manage downside risks. Total operating revenue for the first quarter was $2.7 million, with $1.6 million coming from operational activities and $1.1 million from Bitcoin reserves and derivatives strategies. The financial report indicated that Nakamoto incurred a net loss of $238.8 million in the first quarter, primarily due to non-cash and transaction-related items, including a $102.5 million mark-to-market loss resulting from the decline in Bitcoin prices, a $107.7 million non-cash loss due to reduced cumulative gains from pre-acquisition call options, and approximately $8 million in transaction and integration costs. As of March 31, 2026, the company held over 5,000 Bitcoins, with a fair value of approximately $345 million at the end of the period.

Nakamoto Reports Q1 Net Loss of $238.8 Million, Holds Over 5,000 BTC

According to monitoring by Beating, Reuters exclusively revealed today the specific list and quotas for the H200 chip transactions in China. Currently, about 10 Chinese companies have been authorized to purchase, with confirmed buyers including Alibaba, Tencent, ByteDance, and JD.com; Lenovo and Foxconn have been approved as distributors. According to the permits issued by the US, each customer can purchase a maximum of 75,000 units. However, none of these chips have been shipped yet. China does not accept the Trump administration's requirement for chips to transit through the US to extract a 25% fee, fearing that this could pose security risks due to potential tampering with the hardware, which directly halted corporate purchases. To break the deadlock, Nvidia CEO Jensen Huang unexpectedly accepted Trump's invitation to join the originally non-included White House delegation to China, attempting to resolve this issue face-to-face during high-level meetings this week.

[US Approves 10 Chinese Companies to Purchase H200 Chips: Including Alibaba and Tencent, Each Limited to 75,000 Units]According to monitoring by Beating, Reuters exclusively revealed today the specific list and quotas for the H200 chip transactions in China. Currently, about 10 Chinese companies have been authorized to purchase, with confirmed buyers including Alibaba, Tencent, ByteDance, and JD.com; Lenovo and Foxconn have been approved as distributors. According to the permits issued by the US, each customer can purchase a maximum of 75,000 units. However, none of these chips have been shipped yet. China does not accept the Trump administration's requirement for chips to transit through the US to extract a 25% fee, fearing that this could pose security risks due to potential tampering with the hardware, which directly halted corporate purchases. To break the deadlock, Nvidia CEO Jensen Huang unexpectedly accepted Trump's invitation to join the originally non-included White House delegation to China, attempting to resolve this issue face-to-face during high-level meetings this week.

US Approves 10 Chinese Companies to Purchase H200 Chips: Including Alibaba and Tencent, Each Limited to 75,000 Units

POLS fluctuated by 65.59% within 24 hours, current price $0.1129

【POLS fluctuated over 50% in 24 hours!】POLS fluctuated by 65.59% within 24 hours, current price $0.1129

POLS fluctuated over 50% in 24 hours!

AI fluctuated by 53.04% within 24 hours, current price $0.0343

【AI fluctuated over 50% in 24 hours!】AI fluctuated by 53.04% within 24 hours, current price $0.0343

AI fluctuated over 50% in 24 hours!

On May 14, the leader of the Samsung Electronics union in South Korea stated that a strike will be initiated if management does not respond to their demands by 10 AM on Friday. (Jinshi)

[Samsung Electronics Union Leader: Strike to Begin if Management Fails to Respond by Friday 10 AM]On May 14, the leader of the Samsung Electronics union in South Korea stated that a strike will be initiated if management does not respond to their demands by 10 AM on Friday. (Jinshi)

Samsung Electronics Union Leader: Strike to Begin if Management Fails to Respond by Friday 10 AM

On May 14, just weeks after Samsung Electronics surpassed the $1 trillion market value threshold, SK Hynix is also poised to enter this exclusive $1 trillion market value club. Driven by strong demand in the artificial intelligence sector, South Korea has become the epicenter of the current AI boom in Asia. After an astonishing 274% increase in 2025, SK Hynix's stock price has surged over 200% this year. If SK Hynix follows Samsung in crossing the $1 trillion market value threshold, South Korea will become the first market outside the United States to have more than two companies with market values exceeding $1 trillion. "The current market sentiment is primarily driven by 'fear of missing out' (FOMO), particularly evident in AI-related stocks in Japan and South Korea," said Fabien Yip, a market analyst at IG Group in Sydney. (Dongxin News Agency)

[SK Hynix Approaches $1 Trillion Market Value Milestone]On May 14, just weeks after Samsung Electronics surpassed the $1 trillion market value threshold, SK Hynix is also poised to enter this exclusive $1 trillion market value club. Driven by strong demand in the artificial intelligence sector, South Korea has become the epicenter of the current AI boom in Asia. After an astonishing 274% increase in 2025, SK Hynix's stock price has surged over 200% this year. If SK Hynix follows Samsung in crossing the $1 trillion market value threshold, South Korea will become the first market outside the United States to have more than two companies with market values exceeding $1 trillion. "The current market sentiment is primarily driven by 'fear of missing out' (FOMO), particularly evident in AI-related stocks in Japan and South Korea," said Fabien Yip, a market analyst at IG Group in Sydney. (Dongxin News Agency)

SK Hynix Approaches $1 Trillion Market Value Milestone

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Pony Ma Responds to Concerns About Tencent's AI Lag: 'We Thought We Were on Board, But Found the Ship Leaking'

Pony Ma Responds to Concerns About Tencent's AI Lag: 'We Thought We Were on the Ship, Only to Find It Leaking'

BTC falls below 79000 USDT

Arm and SoftBank Proposed Acquisition of Cerebras Before IPO but Were Rejected

TRX breaks through 0.35 USDT

FIO's 24-hour volatility exceeds 50%!

Israeli Prime Minister's Secret Visit to UAE During War with Iran

OpenAI Offers Two Months of Free Codex to Companies Switching from Claude

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