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The hotel also condemned the wave of criticism directed at the staff member involved.

Tiffany Olin has left the Fresno station for KVVU-TV, the Fox affiliate in Las Vegas, where she will serve as the weekday weather anchor.

The San Francisco 49ers entered training camp worried about finding enough practice time for all their receivers. That problem appears to have solved itself. Wide receiver Mike Evans missed Monday’s training camp practice because of a quad strain, according to ESPN’s Adam Schefter, adding another significant concern to a receiving corps that was considered San...

"There is currently no estimated reopening date," the City of Malibu said.

Sarwa Ama Aldoori, 71, was found dead in a swimming pool behind an upscale Bakersfield home on June 30, according to the Bakersfield Police Department.

The most expensive place to rent a home isn’t New York, Miami or even San Francisco — it’s a sleepy California beach enclave better known for tasty waves than glamour, according to a new report. Santa Cruz, the seaside community roughly 90 minutes south of San Francisco, has been crowned the most expensive place to...

America’s homeowners associations are running out of money — and patience.

After Blockbuster IPO, China's Memory Giant CXMT Plans Second Chip Plant In Beijing

CXMT, China's largest chipmaker by output and certainly by market value thanks to its blowout IPO pricing one week ago, which saw its stock surge more than 7x from its offering price of 8.66 yuan per share, is considering building a second memory-chip plant in Beijing ​and is in financing talks with a tech manufacturing hub backed by the local government, Reuters reported citing source familiar.

The move ‌comes as CXMT, which is currently the world's 4th largest maker of DRAM memory but has ambitions to become the world's largest, seeks to boost production amid a global chip shortage driven by debf-funded AI infrastructure spending. It highlights intensifying competition among Chinese local governments to attract CXMT, as the memory chipmaker pursues a major expansion following its $8.6 billion IPO last month, the largest mainland Chinese semiconductor listing on record.

Reuters previously reported that CXMT was building new plants in Shanghai and Hefei and was in ​discussions with authorities elsewhere about another facility.

Those projects, when fully operational, could double its capacity to more than 600,000 wafers per month. The new Beijing ​12-inch plant would be built in Yizhuang, about 20 km (12 miles) southeast of central Beijing, where CXMT already operates a ⁠fab producing dynamic random access memory (DRAM) chips. CXMT currently operates two 12-inch DRAM ​fabs in Hefei and one in Beijing, each with capacity of about 100,000 wafers per month, the Reuters sources said.

CXMT is seeking at least 60 million yuan ($8.9 ​million) in support from the development zone's governing body, also known as the Beijing Economic-Technological Development Area, and other state-owned tech companies have also expressed interest in participating ​in the financing, they said.

The talks are at an early stage and the size and structure of any funding package could change, the sources said. It was not immediately clear whether the funding would come directly from the development zone's administrative authority or through its investment vehicles.

Reuters adds that the planned capacity and total ​investment for the proposed fab were not immediately known. Building a fab that can produce leading-edge DRAM chips usually costs more than $10 billion. 

The discussions began before CXMT's stock market debut last week, which provided ‌the company ⁠with fresh capital for an expansion drive during a memory-chip upcycle fueled by demand from AI infrastructure, data centres and consumer electronics. 

The company has become a key pillar of Beijing’s drive to build a self-sufficient chip industry and narrow the gap with the U.S. in strategic technologies such as AI amid a fierce tech rivalry between the two superpowers.

Although CXMT is the world's fourth-largest DRAM producer, it remains far smaller than Samsung Electronics, SK Hynix and Micron whose combined global ​market share approached 90% in the ​first quarter, according to data from ⁠Counterpoint Research.

Within China, however, CXMT's growing dominance has enabled it to raise prices for customers such as Huawei, Reuters reported last month. 

CXMT has been in the news over the past couple of months due to reports that have suggested that Apple is interested in buying the firm's memory chips. The global memory shortage has affected the Cupertino, California-based consumer electronics giant's supply chain as it has been unable to secure supplies without having to face price hikes.

Yet, as wccftech reports, others have suggested that CXMT's ability to target the global memory market is limited, as the firm has to primarily meet the needs of China's domestic memory market. US sanctions on China, which limit its ability to procure high-end chips and manufacturing equipment, have come at a time when Beijing is aiming towards semiconductor self-sufficiency despite the capital and knowledge-intensive nature of the industry. 

Today's report follows one that surfaced last week and claimed that CXMT was making progress with its LPDDR6 memory chips. These are among the latest in the world, and the sources suggested that the Chinese firm was eager to target the gap left by Samsung and Micron. The two are focused on making high-bandwidth memory (HBM) chips, and CXMT hopes to utilize the gap they've left to establish itself as a player in the global memory market. The sector is currently dominated by the two firms plus Korea's SK hynix, which control the vast majority of the market share.

The company's rise has been closely linked to the "Hefei model," under which the capital of Anhui province has used state funding to ​nurture strategic technology companies... because as we said a year ago, it is only a matter of time before the AI arms race is directly funded by the governments of China and the US directly. 

Beijing and Shanghai have also provided CXMT with funding and other support, as the cities seek a larger share of the economic and strategic benefits generated by the company's growth. 

CXMT's Beijing-based fab, operated by Changxin Jidian, was founded in 2020 and received funding from E-Town Capital, a state-backed investment arm of the Yizhuang development zone, and its ⁠affiliate Beijing ​E-Town Technology, according to corporate records.

The Beijing development area is a manufacturing base for technology and ​chip companies, including contract chipmaker SMIC, chip equipment maker Naura Technology and smartphone and electric-vehicle maker Xiaomi. 

The area is also positioning itself as a hub for robotics and AI. Last year, it hosted what organisers ​described as the world's first humanoid robot half-marathon, part of an effort to promote and test embodied-AI technologies.

News of China's aggressive push to boost memory output is one of the reasons for the weakness in memory and chip stocks in early trading, and also slammed Korea's Kospi which slumped 5% with Samsung / Hynix both tumbling -9%. 

Additionally, the market is again focused on Chinese open-source model releases, with BABA +4% on new Qwen model this weekend as well as DeepSeek V4 Flash model launched Friday. 

As reported earlier, BABA’s latest Qwen 3.8 Max Model was released overnight (stock closed +7% in HK) - a 2.4t parameter model (smaller than Kimi K3 @ 2.8t ) but looks relatively comparable on benchmarks (I.e. broadly Opus + level) and will go open-weight release next week.

The model is also far cheaper: API tokens are priced at $2/m input & $6/m output (cheaper than Kimi K3 @ $3/M input & $15/M ⁠output)...  & 80% cheaper than current GPT flagship 5.6 Sol's output tokens.

Qwen3.8-Max by @Alibaba_Qwen has reshaped the cost-performance Pareto frontier in Frontend Code Arena, with pricing of $2 per input MToken and $6 per output MToken.

Top models on the Pareto frontier:
- Claude-Opus-5
- Kimi-K3
- Qwen3.8-Max
- GLM-5.2
- DeepSeek-V4-Flash

Congrats… https://t.co/3S4tW1KmlI pic.twitter.com/CiWU7Hh4BD

— Arena.ai (@arena) August 3, 2026

The marketing campaign has been well received showing Qwen as an “always on workmate” that completes tasks while people go to the beach, fish & play tennis. 

Over the weekend, Goldman revised up its aggregate China model ARR estimates, now forecasting to reach US$13bn by year-end 2026 (prior: US$10bn) on higher demand /faster ramp.

Tyler Durden Mon, 08/03/2026 - 14:00

Forget how this story will end — when will House of the Dragon end?

New Sam's Club stores are on their way.

The Rams are taking a calculated risk at one of the most important positions on their roster. Just over a week into training camp, it’s still unclear whether they’re being prudent or playing with fire. For a team built to win the Super Bowl, with as much top-end talent as any roster in the NFL,...

The HBO series was based on the real-life murder in 2001 of Kathleen Peterson by her husband, crime novelist Michael Peterson, at their Durham, North Carolina home.

The "Southern Charm" star joins Bethenny Frankel in loving this affordable walking shoe brand.

The "Southern Charm" star joins Bethenny Frankel in loving this affordable walking shoe brand.

New details reveal dinosaurs were wiped off the Earth in a faster and hotter fashion than previously believed.

“It wasn’t as hard as I thought it would be, but it was not easy,” she said of her surgery, which also included an upper blepharoplasty.

“It wasn’t as hard as I thought it would be, but it was not easy,” she said of her surgery, which also included an upper blepharoplasty.

The Los Angeles Lakers may be considered the favorites to land Jonathan Kuminga, but a new threat has emerged in the prolonged pursuit of the free-agent forward.

Kalshi & Polymarket's Combined Volume Reaches All-Time High In July, Topping $50 Billion

Authored by Danny Park via TheBlock.co,

Kalshi and Polymarket saw their combined trading volume soar to a new all-time high in July as prediction markets continued to gain steam around the World Cup.

According to The Block's data dashboard, Kalshi, Polymarket, and Polymarket US posted $50.59 billion in combined monthly trading volume in July, marking a 7.8% increase from June's $46.95 billion monthly volume.

Kalshi remained in the lead, and recorded $37.7 billion in the past month. This marks a 14% month-over-month growth.

Notably, the monthly data indicates a shift in volume between Polymarket and Polymarket US. While Polymarket's monthly volume contracted 26% to $7.9 billion, the U.S. platform saw its volume rise 54% to $5 billion. The combined volume of Polymarket and Polymarket US decreased from $14 billion to $12.9 billion.

The U.S. platform, regulated by the Commodity Futures Trading Commission, dropped its initial waitlist restrictions in May, opening the platform to all U.S. users. This allowed U.S. traders who had previously bypassed regional blocks to participate legitimately on the platform. 

Earlier this year, Rutgers University statistician Harry Crane estimated that U.S. traders drove about 30% of Polymarket's main, offshore platform volume during the 12 months ending April 30, 2026.

World Cup boost

July's overall surge in volume can be attributed to the FIFA World Cup, which started on June 11 and ended on July 19. Kalshi's prediction market on the final match between Spain and Argentina alone drew roughly $1.9 billion. Polymarket's bet predicting the World Cup winner attracted around $4 billion.

Since the end of the World Cup, however, open interest on the three prediction market platforms has dropped significantly, from around $2 billion at the start of July to $1.2 billion by the end of the month.

Despite growing activity and legitimacy, prediction markets continue to face U.S. legal scrutiny, primarily over sports-related contracts. 

Over a dozen state regulators have accused Kalshi and Polymarket of operating unlicensed gambling platforms, taking action to block event contracts in their respective states. In response, the platforms — alongside the CFTC — are contesting these state enforcement actions, arguing that federal oversight preempts state jurisdiction.

Tyler Durden Mon, 08/03/2026 - 13:40

Los Angeles Chargers wide receiver Ladd McConkey and his wife, Sydney, are expecting their first child. The couple announced the news in a joint Instagram post on Sunday, revealing that “Baby McConkey” is due in 2027. In one photo, Ladd and Sydney smile while holding an ultrasound image toward the camera. Another shows the Chargers...