Al Jazeera reported Iranian foreign minister Araghchi said the US sought to force Iran to surrender in the conflict but "we will not surrender," and is now "begging" to negotiate on Iran's terms. He said a memorandum of understanding with the US contains 13 clauses favorable to Iran and one favorable to the US, accused Israel of trying to block its implementation, and said Iran's military and battlefield capabilities underpin its diplomatic leverage.

Canada existing home sales rose 0.5% MoM in July; previous +0.5%.

Li Auto (02015.HK) is reportedly exploring an in-house cloud inference chip; the project is in an early stage and may adopt a dataflow architecture similar to its vehicle-side autonomous driving chip. Li Auto said: "We have not heard anything about this so far." Industry insiders say cloud inference demand will rise as autonomous-driving large models, in-car agents and multimodal interaction evolve. Future competition among automakers may hinge not only on in-vehicle compute but on the ability to build cloud AI infrastructure that supports continuous model iteration, low-cost invocation and scalable delivery.