SanTai Shares (301558.SZ) reported a sharp earnings decline in the first half of 2026, with revenue down 5.78% year on year to 779 million yuan, net profit attributable to shareholders down 61.85% to 8.8722 million yuan, and non-GAAP net profit turning to a loss of 2.4615 million yuan, according to Jiemian News. Operating cash flow fell to negative 726,200 yuan from 44.7351 million yuan a year earlier. The company said gross margin improved to 35.12% from 31.74%, but profit was hit by a 25.4226 million yuan foreign-exchange loss as the renminbi strengthened. SanTai also said non-recurring gains of 11.3337 million yuan, mainly from wealth-management returns, helped support earnings, while sales expenses fell 2.66% and R&D spending dropped 15.13%. Jiemian News reported that SanTai’s IPO proceeds have been used slowly. Of the 762 million yuan net raised in September 2023, the company had used 379 million yuan by June 30, leaving 407 million yuan unused. Its AI SaaS project, renamed from a warehouse upgrade plan, had used only 20.6402 million yuan, or 19.1% of the planned investment, and on August 25 the board extended its expected ready-for-use date from September 30, 2026 to September 30, 2028. The company also said its Hong Kong unit planned to invest $2 million in an overseas AI private equity fund in January 2026.

OpenRouter data shows user spending on OpenAI models last week exceeded spending on Anthropic models for the first time since February 2024, ending Anthropic’s roughly two-and-a-half-year lead. According to ChainCatcher, the shift was driven by Astra, whose model accounted for about 19% of combined OpenAI and Anthropic spending, ahead of Opus 5 at 16%, while GPT-5.6 Sol and Luna each held about 10%. OpenAI’s rebound had already begun earlier this summer after Terra and Luna were sharply discounted, which lifted usage on OpenRouter and kept some users active even after the promotions ended. After Astra launched, OpenAI’s spending share eventually moved above 50%. The figures reflect only relative spending on OpenAI and Anthropic within OpenRouter and should not be treated as a direct measure of the broader API market or either company’s total revenue.

解析Anthropic的上市前交易市场，以及新兴HIP-3构建者Entropy。

程序性投票失败，CLARITY法案在第119届国会剩余任期内几乎不可能再推进。短期来看，加密行业将继续依赖已生效的GENIUS法案以及SEC和CFTC现有的监管框架运行。

94%加息概率，历史数据零失手。每当市场预期达到如此高度，美联储最终都加了息。美债市场现已“极端”做空，几乎没人敢抄底，赌的就是美联储必须兑现。

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Brockman 对谈 a16z：AGI 已发生，就业与安全无人有答案，AI 真正形态未现。

黄仁勋与 Dario 互怼都靠归纳和外推，作者借休谟拆解 AI 末日论之争：感恩节还没到。

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Anthropic、OpenAI等罕见同频呼吁放缓AI，却同时冲刺史上最大IPO。

黄仁勋在 All-In Summit 点名炮轰 AI 末日论：这些预测全都错了；演讲中途特朗普

多篇研究聚焦AI递归自我改进风险，越来越多前沿研究者担忧失去控制，学界分歧加剧