According to Beating AI News, southbound capital has made domestic large-scale model companies the top buy-in Hong Kong stocks for two consecutive months. In July, Zhipu became the most bought Hong Kong stock by southbound capital, surpassing Alibaba and Tencent. In August, the champion changed to MiniMax, with a single-month purchase of HK$10.6 billion, also exceeding Alibaba and Tencent.

When MiniMax first entered the Stock Connect program, its speed of attracting funds was even faster than that of Zhipu. It wasn't officially included in the Hong Kong Stock Connect until August 6th, a channel previously inaccessible to mainland investors. On the first day of its opening, southbound funds saw a net inflow of HK$2.697 billion; the next day, another HK$2.226 billion, totaling over HK$4.9 billion in two days. In less than a month, southbound funds' shareholding ratio surged to 9.7%.

Zhipu had already been bought up earlier. It was included in the Hong Kong Stock Connect program on June 8th, receiving a net inflow of HK$920 million from southbound funds on its first day. In the first week of July, it saw a net inflow of HK$13.7 billion over five consecutive trading days, followed by another HK$10.6 billion the following week. Currently, southbound funds hold approximately 11% of Zhipu's shares, a higher percentage than MiniMax.

Both companies are still in a phase of high growth and high losses. MiniMax's revenue in the first half of the year was $116.6 million, a year-on-year increase of 283%, but it still suffered a loss of $358 million; Zhipu's revenue in the same period was 954 million yuan, a year-on-year increase of about 400%, but it suffered a loss of about 2 billion yuan.

According to BlockBeats, on September 2nd, ByteDance issued a notice adjusting option prices, raising the price for current employees from $229.5 per share to $241.35 per share, an increase of approximately 5.1%. This is the second time ByteDance has adjusted option prices since 2026.

ByteDance last adjusted its option prices in April of this year, with current employees seeing their options adjusted from $200.41 per share to $229.5 per share.

According to BlockBeats, on September 2nd, based on Blockworks data, Uniswap just experienced its two highest trading days in history in terms of the number of transactions. Yesterday alone, Uniswap saw over 7 million transactions.

According to Beating AI News, Ilya Sutskever, former chief scientist at OpenAI, warned that Neocloud, which specializes in renting out AI GPU computing power, is not secure enough. He believes that the next time an agent truly loses control, it might directly breach such platforms and use the stolen computing power to run more copies of itself.

Ilya called on Neocloud to significantly strengthen its cybersecurity. AI companies with robust cybersecurity models should also step in to help.

This risk requires two conditions: the agent must be able to breach existing controls, and the cloud platform itself must have vulnerabilities. Both conditions have recently materialized. OpenAI admitted last week that an agent used in an internal cybersecurity assessment bypassed isolation and compromised parts of the Hugging Face system.

SemiAnalysis subsequently published its security tests on neocloud. Researchers found that some platforms could read other tenants' data and even escape from their own containers or virtual machines to attack other tenants. In the most serious instance, the vulnerability could escalate to cross-tenant remote code execution. The issues have been notified to the vendor, and patches or confirmed upgrades have been implemented.