On Aug 24, Moonshot AI said its first-generation trillion-parameter multimodal model, Kimi K2.5, will be retired at the end of the month.

Xiaomi Mobile is holding a technical briefing on its Xuanjie chip. In May last year Xiaomi launched Xuanjie O1 and T1; the O1 is mainland China’s first 3nm flagship SoC and is deployed in the Xiaomi 15S Pro and two Xiaomi Pad7 flagship tablets. This year the Xuanjie team completed iterative upgrades across three vectors — higher energy efficiency, higher bandwidth and higher compute — positioning Xuanjie as the AI compute base for Xiaomi’s phone, in‑car and home device ecosystem. Xiaomi says Xuanjie is both its chip strategy and the physical foundation of its AI strategy.

Spot gold breached $4,630/oz, up 0.59% intraday.