Zhipu AI and MINIMAX-W both saw sharp adjustments, with the Hang Seng Tech Index’s decline widening to 2%.

Solana treasury firm SkyAI will hold its annual general meeting on September 18. Potential acquirer Forward Industries has publicly called on shareholders to oppose the re-election of five incumbent directors and reject the 2026 equity incentive plan, which would authorize the addition of 5.145 million new shares for equity compensation. Earlier, Forward proposed an all-stock acquisition offer of 0.367 FWDI shares per SKYA share, a roughly 20% premium, but was unanimously rejected by SkyAI’s board in July. Meanwhile, shareholders including Bastion Trading, which holds a 9.99% stake in SkyAI, have filed documents with the SEC, planning to vote "WITHHOLD ALL" on all director candidates, and questioning the company’s recent articles of association amendments, adoption of a poison pill plan without shareholder approval, and related-party transactions. (The Block)

According to market data, China's A-share-listed Unitree Robotics fell nearly 3%, with its share price dropping below 500 yuan per share for the first time, bringing its total market capitalization to 202.1 billion yuan. The stock hit a peak of 1,100 yuan per share on its debut day, pushing its market cap to as high as 444.9 billion yuan at one point. The company has now erased over 240 billion yuan in market value from its peak valuation.

Beating AI News Flash: Legal AI firm Harvey has secured a new $550 million funding round, lifting its valuation to $15.5 billion, with co-lead investors Diffusion and Lightspeed. Back in March, the company raised $200 million at a $11 billion valuation. Harvey provides AI tools for large law firms and corporate legal teams, covering contract review, due diligence, litigation support and more. The new capital will be primarily allocated to developing its proprietary models. In August, Harvey launched its first post-trained model, Tenet, built on Moonshot AI’s Kimi K3 base model; it is continuing to fine-tune Tenet with Fireworks for long-cycle legal tasks. Harvey is a portfolio company of OpenAI Startup Fund and has previously co-developed legal models with OpenAI. It now proactively opts for lower-cost base models when performance is comparable. Harvey’s annual recurring revenue (ARR) has exceeded $400 million, with over 3,000 clients, up from 1,300 in March. The company’s total cumulative funding raised surpasses $1.5 billion.

Crypto analyst Darkfost’s data analysis shows that despite Bitcoin’s roughly 45% recent rebound, liquidity remains weak, spot demand is still relatively soft, and the 90-day moving average of cumulative volume delta stays neutral. In futures markets, meanwhile, buyers have clearly gained the upper hand. Separately, stablecoin inflows to centralized exchanges (CEXs) have slowed. For instance, Binance’s stablecoin reserves have fallen nearly $70 billion from their peak; more inflows will be required for the market to reach higher levels. Darkfost also stated that Bitcoin’s technical outlook remains relatively optimistic, and a strong breakout above $80,000 would be a key threshold for liquidity to truly return.

Beating AI News reports, citing The Information and sources familiar with the matter, that DreamWorks co-founder Jeffrey Katzenberg is launching an AI video company with former OpenAI Sora lead Bill Peebles and ex-Dropbox CFO Sujay Jaswa. The startup will train its own video models to target filmmakers directly, and is currently in talks with investors including a16z for funding. The company’s name and funding size have not been disclosed. Peebles served as Sora’s core technical lead and is one of the authors of the Diffusion Transformer (DiT) paper. He left OpenAI shortly after the company shut down Sora’s consumer app and API this year, publicly stating at the time that exploratory research of this type needs space to operate outside a company’s core product roadmap. Katzenberg has already made an AI video bet this year: in May, his firm WndrCo participated in a $59 million funding round for real-time AI video startup Reactor. This time, he is going beyond investor status to co-found a company with the former Sora lead to build its own models. This marks Katzenberg’s most ambitious video venture since Quibi. The short-form video platform raised $1.75 billion but folded shortly after launching in 2020. Six years later, he is returning to the video space, though this time shifting from a short-form platform to developing AI models for filmmakers.

Solana core development team Anza announced on X that Mainnet Beta Transaction V1 will activate starting at Epoch 1035, with an estimated time of approximately 1:20 UTC on September 15. The ecosystem team noted that additional time is required to test and integrate V1 support; V1 is now live on the devnet for integration testing. Compute budget in V1 is set via new transaction configurations. While compute budget instructions remain functional in both legacy and V0 transactions, they will not take effect in V1. Application developers, even those not planning to submit V1 transactions, must verify the impact of these changes on their applications.