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SpaceX Stock Hits New All-Time Low as AI Capex Jumps in Q2 SpaceX’s stock price has plummeted to a record low following the release of its first quarterly earnings report, which revealed massive capital expenditure plans for artificial intelligence infrastructure. The sharp decline reflects growing investor concern over the company’s aggressive AI spending strategy and its potential impact on profitability. The aerospace and electric vehicle conglomerate reported that AI-related capital expenditures surged dramatically in the second quarter, as CEO Elon Musk pushes to integrate advanced AI capabilities across Tesla’s autonomous driving systems, SpaceX’s satellite operations, and xAI’s language models. Musk told investors that people were “underestimating” his company’s AI ambitions. ...

Jeff Dean and Top Google AI Researchers Leave to Launch New Startup Google is losing some of its most influential artificial intelligence minds. Jeff Dean, widely regarded as one of the founding fathers of modern deep learning, along with several other senior AI researchers, are departing the tech giant to establish their own startup. The move, first reported by TechCrunch, signals a significant shift in the AI talent landscape and raises questions about Google’s ability to retain its top-tier researchers amid fierce competition. ...

Trump Says Hormuz Strait Deal Could Come as Early as Wednesday [Core Summary] President Trump announced on August 5 that a deal to reopen the Strait of Hormuz could be reached as early as Wednesday. The critical waterway had been disrupted due to regional tensions, affecting global energy shipments. If finalized, the agreement would ease international oil price pressures and restore Middle East shipping lanes. Event Details According to AP News, Trump told reporters at the White House that negotiations with Iran have made “significant progress” and both sides are close to consensus on freedom of navigation in the Strait of Hormuz. “We could announce a deal as early as Wednesday. This will be a major step toward peace in the Middle East,” he stated. ...

Drone Carrying Explosives Found at German Airport Near Ukrainian Cargo Area [Core Summary] German police reported on August 5 that a drone carrying explosives was discovered at an airport near where Ukrainian cargo planes were parked. On the same day, another object collided with a cargo aircraft mid-air. The incident has raised aviation security concerns across Europe, with authorities investigating potential links to regional conflicts. Event Details According to BBC reports, police discovered the suspicious drone at Leipzig/Halle Airport in Germany. The drone was found near the area where Ukrainian cargo aircraft were parked and contained explosive devices. Almost simultaneously, another security incident occurred in the airport’s airspace — an unidentified object collided with an operating cargo aircraft mid-air. ...

Record Heatwave Hits South Korea as Temperatures Soar to 42.5C [Core Summary] South Korea experienced its most severe heatwave on record on August 5, with temperatures in some areas soaring to 42.5 degrees Celsius, breaking historical records. The extreme heat has caused at least 19 deaths and thousands of heatstroke cases. The government issued the highest-level heat alert, urging residents to reduce outdoor activities. Event Details According to BBC reports, the Korea Meteorological Administration confirmed this heatwave as the strongest since records began in 1907. Major cities including Seoul, Daegu, and Busan all exceeded 40 degrees, with Daegu recording an extreme 42.5C. ...

Legendary Investor Michael Burry Warns of 1987-Style Crash, Shorts Nvidia [Core Summary] Michael Burry, the “Big Short” famous for accurately predicting the 2008 financial crisis, has issued his latest warning that current markets may face crash risks similar to 1987’s “Black Monday.” His Scion Asset Management has established a short position on Nvidia, drawing widespread market attention. This warning comes as US stock valuations sit at historic highs. Event Details According to Quartz reports, Burry stated in his latest investor letter that current market structures share multiple similarities with pre-1987 crash conditions: excessive algorithmic trading concentration, heightened market concentration risk, and overly optimistic investor sentiment. He noted that AI-related stocks, particularly Nvidia, have reached “irrational exuberance” valuations. ...

Gene-Edited Beagles May Offer Future Option for Dog Allergy Sufferers [Core Summary] American researchers have used CRISPR gene-editing technology to modify beagles, successfully reducing expression levels of major proteins that trigger human allergies. This breakthrough research, published in the latest scientific journal, offers potential for tens of millions of dog allergy sufferers worldwide to coexist with dogs in the future. The study has also sparked discussions about animal ethics and the boundaries of genetic modification. ...

[Brief] Disney Agrees Deal to Let TikTokers Use Its Films and TV Shows [Core Summary] Walt Disney Company has reached a content licensing agreement with TikTok, allowing select creators to use clips from Disney films and TV shows in their videos. This partnership marks a major breakthrough in copyright between traditional media giants and short-video platforms, expected to reshape the user-generated content (UGC) ecosystem. Event Details According to BBC reports, the agreement will allow qualifying TikTok creators to use short clips from Disney movies, TV series, and animated works. Specific licensing scope and usage conditions have not been fully disclosed, but are expected to cover core IPs including Disney, Pixar, Marvel, and Star Wars. ...

[Brief] Nigeria’s President Orders 80% Salary Increase for Junior Soldiers [Core Summary] Nigerian President Bola Tinubu announced on August 5 an 80% salary increase for junior soldiers to address recruitment and retention crises in the security forces. The move comes as the military fights on multiple fronts against Boko Haram, ISIS West Africa branch, and other armed groups. Event Details According to BBC reports, President Tinubu announced the decision at a military conference in Abuja. The salary adjustment will benefit approximately 60,000 junior soldiers, with estimated annual fiscal expenditure increasing by about $150 million. The president stated: “Our soldiers risk their lives protecting the country; they deserve compensation matching their sacrifice.” ...

[Brief] UN Rights Chief Alarmed by Rise in Iran Executions Since March [Core Summary] UN High Commissioner for Human Rights Volker Türk issued a statement on August 5 expressing “serious concern” over the significant increase in executions in Iran since March. The statement noted that 56 people have been executed on national security-related charges, including 27 in cases linked to January’s protests. Event Details According to BBC reports, Türk stated at a UN Human Rights Council meeting in Geneva that Iran’s execution pace is “alarming.” He noted that many of those executed were convicted after trials that “did not meet international standards,” with some cases involving allegations of “confessions extracted through torture.” ...