US Senator Issues Ultimatum to AI Giants: Pause Development, Or Congress Will Step In

Meta Platforms (META.O) has announced the launch of Muse Glimmer, an open-source agent model that runs on Mac or PC. The new model is far smaller in scale than leading AI models from competitors and is designed specifically for agent-based tasks. It can operate on a Mac or PC equipped with a single graphics card, aiming to meet the demand for AI systems that run directly on user devices. This release comes after the company formed an expensive superintelligence team last year to rejoin the high-stakes AI race, as it seeks to consolidate its position. In a statement, Mark Zuckerberg said that if U.S. companies want to lead in the field of open-source weight models, the U.S. needs to rethink its policies. Speaking about open-source models, Zuckerberg noted: “Foreign labs currently hold several advantages in this area, as U.S. labs must comply with more additional restrictions on training data. If we want U.S. open-source models to remain competitive in the long term, U.S. policies must reduce these extra barriers.” He also added that the company will soon resume releasing some open-source models.

According to CCTV News, after already facing two convictions and nearly $1 billion in damages, U.S. metaverse platform company Meta will appear in federal court as a defendant again this week. On August 12, a lawsuit jointly filed by four U.S. states will begin jury selection at Oakland Federal Court. Prosecutors accuse Meta of designing its social media platforms to be addictive, causing harm to minors, and are seeking $1.4 trillion in damages from the firm.

Unitree’s IPO is priced at 150.8 yuan per share, with 40.4464 million shares issued, accounting for 10% of its post-issuance total share capital. The offering raised approximately 6.099 billion yuan, 45.15% over the original planned fundraising of 4.202 billion yuan. It took only 73 days from acceptance on March 20 to IPO approval, marking the fastest IPO approval record this year.

Meta Platforms (META.O) has announced the launch of Muse Glimmer, an open-source agent model compatible with Mac or PC. The new model, far smaller than competitors’ leading AI models and purpose-built for agent-based tasks, can run on a Mac or PC equipped with a single graphics card, designed to meet the demand for running AI systems directly on user devices. The release comes as the company seeks to solidify its position after forming an expensive superintelligence team last year to rejoin the high-stakes AI race. In a statement, Zuckerberg said that for U.S. companies to lead in the field of open-source weight models, the U.S. needs to rethink its policies. Speaking about open-source models, he noted: “Foreign labs currently hold several advantages in this area, as U.S. labs must comply with more additional restrictions on training data. If we want U.S. open-source models to maintain long-term leadership, U.S. policies must reduce these extra barriers.” He also added that the company will soon resume releasing some open-source models.

According to Hong Kong Exchanges and Clearing Limited (HKEX), MiniMax has met the fast-track inclusion rules for the HKEX Tech 100 Index. It will be included in both the HKEX Tech 100 Index and the HKEX Tech & US Tech 100 Index after the close of trading on August 12, 2026, with the inclusion taking effect on August 13, 2026.

According to an official announcement, Binance will suspend leveraged trading and delist the following tokens from its margin and lending services at 18:00 UTC+8 (China Standard Time) on August 14, 2026: BTTC (BitTorrent) and POWR (Powerledger).