According to a Reuters report on July 30, Millennium Management, one of the world's largest multi-strategy hedge funds, is in talks to raise approximately $20 billion in new capital, far exceeding its initial plans and potentially setting a new record for the company's largest fundraising ever.

The report states that this round of fundraising will be conducted in two phases, and Millennium also plans to exchange capital managed by external fund managers through a transaction, with President Ajay Nagpal in charge of the relevant work.

Reuters, citing a Goldman Sachs report, stated that the hedge fund industry is poised for another strong year, driven by the AI boom. In the first half of 2026, all major hedge fund strategies saw net inflows, the first time in five years, with quantitative funds and multi-strategy funds attracting particularly strong interest. Millennium achieved a 10.5% return in 2025 and currently manages over $92 billion in assets.

According to BlockBeats, on July 30, Lilian Weng, co-founder of Thinking Machines Lab, announced his resignation due to health reasons (repeated illness over the past seven months and excessive entrepreneurial pressure), but returned to OpenAI just a few days later.

She will lead a team focused on research into "recursive self-improvement," a topic she has recently explored in depth on her blog, aiming to leverage AI to develop more powerful systems.

Weng Lilian previously served as Vice President of Security Research and Head of the Applied AI Research Team at OpenAI. In early 2025, she co-founded Thinking Machines Lab with former OpenAI CTO Mira Murati and others. This rapid return highlights the flow of top AI talent between high-intensity, cutting-edge laboratories.

According to BlockBeats, on July 30, semiconductor equipment manufacturer Lam Research (LRCX) released its latest financial report, showing earnings per share (EPS) of $1.82 for the fourth fiscal quarter of 2026, higher than the market expectation of $1.69; revenue was $6.72 billion, also exceeding the market expectation of $6.66 billion.

The company also released its first quarter 2027 fiscal year guidance, expecting EPS of $2.00 to $2.30, higher than the market expectation of $1.81; and expecting revenue of $7.7 billion to $8.5 billion, higher than the market expectation of $7 billion.

Lam Research stated that the continued growth in AI data center construction, demand for memory chips, and semiconductor capital expenditure remains the core driver of the company's business growth. Influenced by its performance and guidance, the company's latest quarterly results generally exceeded market expectations.

As of the time of writing, Lam Research's stock closed up 6.58% in after-hours trading.