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51job: Nearly 30% of Chinese Firms Add AI Roles to Campus Hiring

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A 51job report, cited by Jiemian News, found that nearly 30% of Chinese companies have added AI-related roles to campus recruitment, with 56.8% of firms reporting higher demand than a year earlier. The findings are based on responses from more than 8,000 companies and individuals.

AI application development engineers were the most in-demand role, cited by 53.9% of surveyed companies.

Employers placed the greatest emphasis on mathematics and statistics skills, at 58.9%, followed by machine-learning theory and practice, at 46.5%.

The report also highlighted a wide salary gap across AI roles. Large-model algorithm engineers posted a median monthly salary of 27,329 yuan, while multimodal and deep-learning positions both exceeded 26,000 yuan. AI data trainers had a median salary of 8,977 yuan per month, far lower than the top-paying roles.

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AIB, Santander and Howden Tie Up Project Finance Risk Transfer

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AIB Group Plc is joining forces with Banco Santander SA and Howden Group to execute a sizeable risk-transfer arrangement tied to project finance. The deal appears to reflect a broader rollout of the hedging instrument across AIB's lending portfolio, according to Bloomberg.

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Strive Buys 1,110 BTC, Treasury Rises to 21,356 Coins

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Strive expanded its BTC treasury by 1,110 coins for about $81.5 million last week, bringing total holdings to 21,356 BTC and lowering the average cost to around $93,257 per BTC.

BeInCrypto, citing an Aug. 24 SEC filing, reports that the paper loss remains over $292 million on the reserve.

The purchases occurred between Aug. 17 and 21 at an average price of $73,409 per BTC, inclusive of fees and expenses.

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Commerzbank: U.S. Treasury Buybacks May Elevate Risk, Require Fiscal Plan

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Jin10 reports that Christoph Rieger, head of rates and credit research at Commerzbank, argues that U.S. Treasury bond buyback operations will elevate risk regardless of how they are financed. He notes that cash balances cannot be reduced to prior levels due to political risks and higher government spending.

Rieger also warned that the Treasury is poised to face monthly interest payments exceeding $100 billion. He emphasized that such measures must be accompanied by a coherent and credible long-term fiscal consolidation plan to maintain market stability.

The U.S. Treasury said last week it plans to double the size of its long-dated bond buybacks, and reports on Monday indicated that using the Treasury’s general account could be one funding option for these operations.

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Nominal GDP Near 3% Could Lift 10-Year JGB Yield Above 3%, Analyst Says

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According to Jin10, Takayuki Miyajima of Sony Financial Group argues that Japan's nominal GDP growth is around 3%, a level he says could underpin a move above the 3% threshold for the 10-year Japanese government bond yield.

Miyajima expects the 10-year yield to fluctuate around 3% in the near term, but he considers it unlikely to stay above that level for long because the economy is expected to slow later this year.

He also noted that concerns about the Bank of Japan falling behind on inflation are easing as markets anticipate an imminent rate hike, a development that could help cap further upside in long-term yields.

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Japan to Hold Off on Further Oil Reserve Releases in September and October

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Per Jin10, Japan's Economy, Trade and Industry Minister Ryosei Akazawa said on Tuesday that Tokyo will not release more national oil reserves in September and October.

He noted that September crude purchases are projected to be about 80% of last year's monthly average, down from 100% in August, as tanker traffic originally passing through the Bab el-Mandeb Strait reroutes to the longer Suez route.

Some reserves already earmarked for release have not yet been used because alternative supplies have been secured. Using those reserves would keep September’s supply at last year’s average, and October purchases are expected to return to the prior year's monthly average.

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Polymarket Pirates Option Rises to 65.5% Amid Heightened Volatility

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In Polymarket's Pittsburgh Pirates vs. San Diego Padres market, the Pittsburgh Pirates option rose to 65.5% from 47.5% about an hour earlier, an 18-point swing.

ChainCatcher reported that the move signals renewed volatility in the prediction market around this event and could be influenced by late-breaking news.

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Tim Cook to Step Down as Apple CEO; John Ternus to Lead as Executive Chairman

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Apple is approaching the end of Tim Cook’s tenure as chief executive, with the departure set for next Tuesday and John Ternus poised to assume leadership duties as his successor. Sina Finance reports that farewell events were held at Apple’s Cupertino campus as Cook nears the conclusion of his tenure.

Accounts describe a gathering inside Max’s Café in the ring-shaped headquarters, with OneRepublic performing in the central outdoor courtyard. A photo circulating on X shows Cook with a guitar alongside the band. Approximately 200 attendees, mostly Apple employees, attended the event. Speakers included Laurene Powell Jobs and former Apple executive Jeff Williams, while Eddy Cue and John Ternus also addressed the crowd. Cook spoke and acknowledged his partner Mike during his remarks. Cook publicly came out in 2014, and he has generally kept his private life private in public settings.

Beginning next week, Cook will transition to the role of executive chairman, taking on responsibilities that include some liaison work with global policymakers, according to Apple’s leadership announcement.

In internal discussions, observers expect the handover to reflect continuity, with most senior roles remaining unchanged as Ternus leads. There are also notes that Cook’s long-time executive assistant will eventually join Ternus’s team.

During his last earnings call as CEO, Cook described the transition as proceeding smoothly and said he was very excited for John to lead Apple into its next era.

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RBA Minutes: Board Unanimously Holds Rates in August

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According to Jin10, the Reserve Bank of Australia’s board unanimously decided to keep the cash rate unchanged in August.

While the decision was unanimous on the hold, several members reportedly debated whether a further rate increase would be warranted, citing risks such as the Middle East conflict, higher energy prices, AI-related investment considerations, and domestic inflation pressures.

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General Intuition Seeks Funding at $6 Billion Pre-Money Valuation

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New York-based AI startup General Intuition is reportedly seeking new funding at a $6 billion pre-money valuation, with several prominent investors expected to participate alongside existing backers, according to ChainCatcher.

The round is said to include Valor Equity Partners, Point72 Ventures and Seven Seven Six, while Khosla Ventures and General Catalyst are also involved.

The company is developing foundation models designed to train general AI agents to move through space and time.

The fundraising would come just weeks after General Intuition closed a $320 million round that valued the company at about $2.3 billion.

CEO Pim de Witte spun the company out of the Medal video game clip-sharing platform in October last year, using hundreds of millions of hours of game data and player action records as initial training data. General Intuition has become one of the most closely watched startups in physical AI.

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