During its Q2 2025 earnings call, Netflix acknowledged using AI-generated video for a scene in its sci-fi series, ‘The Eternaut.’ The company reportedly created a collapsing building sequence with AI, marking the first time Netflix has admitted employing the technology in its original productions. This admission suggests that AI video generation models have matured to a point where they can be effectively integrated into large-scale movie and television show production. The move signals a potential shift in the industry, showcasing how AI could streamline visual effects and potentially reduce production costs. While the full implications remain to be seen, Netflix’s use of AI in ‘The Eternaut’ signifies a notable step towards integrating artificial intelligence into mainstream content creation.
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HSBC Launches Blockchain-Based Tokenised Deposit Service in Hong Kong
HSBC has launched a blockchain-based tokenized deposit service for its Hong Kong corporate clients, marking the first bank-led blockchain payment system in the region. This “always on” service enables clients with corporate wallets to instantly convert USD to HKD.
The initiative allows for faster and more efficient transactions. This is a significant move towards embracing digital assets and aligning with the Hong Kong Monetary Authority’s (HKMA) Project Ensemble. Project Ensemble is exploring the broader tokenization landscape and how to integrate digital assets into the financial system.
HSBC’s adoption of blockchain technology demonstrates its commitment to innovation and positions it as a leader in leveraging new technologies to enhance financial services for its corporate clients.
Microsoft Says Xbox Chief Phil Spencer Not Retiring ‘Anytime Soon’ After Rumour Surfaces Amid Layoffs
Recent rumors suggesting Xbox chief Phil Spencer’s retirement have been firmly denied by Microsoft. The speculation arose after significant layoffs within the Xbox division, impacting numerous studios and leading to project cancellations. Despite these organizational changes, Microsoft clarified that Spencer, who has spearheaded Xbox since 2014 and currently holds the position of Microsoft Gaming CEO, has no plans to retire “anytime soon.” The rumors originated from a tipster’s claim on social media, which quickly gained traction. However, Microsoft’s statement directly contradicts these reports, affirming Spencer’s continued leadership within the company.
Meta Says It Won’t Sign EU’s GPAI Code of Practice Due to ‘Legal Uncertainties’
Meta declined to sign the EU’s Code of Practice for general-purpose AI models, despite the European Commission releasing the final version this month. The voluntary code is designed to help the industry prepare for the AI Act’s initial enforcement on August 2.
Meta cited “legal uncertainties” for model developers as the reason for their refusal. The code aims to promote transparency and responsible AI development within the framework of the upcoming AI Act. However, Meta seems to believe it creates ambiguity.
Some US Banks Explore Venturing into Crypto with Joint Stablecoin: Report
Several major US banks, including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo, are reportedly considering collaborating on a joint stablecoin. The Wall Street Journal revealed that discussions involve companies co-owned by these financial institutions.
While the project is in its preliminary phases, this consortium of banks is exploring the potential benefits of a unified stablecoin, possibly aiming to streamline transactions and reduce costs within their networks. The initiative highlights growing interest in digital assets and blockchain technology within the traditional banking sector.
Despite the potential, the project’s future remains uncertain, and the initial concepts are subject to change as the discussions progress. Neither Reuters nor the mentioned banks could immediately confirm the report, emphasizing the early and exploratory nature of the initiative.
Helldivers 2 is Coming to Xbox Series S/X Next Month, Pre-Orders Now Live
Helldivers 2, the popular co-op shooter, is breaking console barriers. Originally released on PlayStation 5 and PC, the live service game is now confirmed for an Xbox Series S/X launch on August 26th. Pre-orders are already available on the Xbox Store.
This marks a significant shift, as Helldivers 2 will be the first PlayStation-published title to appear on Microsoft’s console. While Microsoft has released several of its games on the PS5, this move signifies a potential opening up of platform exclusivity from Sony. The announcement was made by developer Arrowhead Game Studios, generating excitement amongst Xbox players eager to join the Helldivers universe.
Gemini, ChatGPT Achieve Gold Medal-Level Scores in International Math Olympiad
Both Google’s Gemini and OpenAI’s ChatGPT showcased exceptional mathematical abilities at this year’s International Math Olympiad (IMO), achieving gold medal-level scores. DeepMind proudly announced Gemini’s participation, highlighting its AI chatbot’s autonomous success in solving five out of six IMO questions under the competition’s regulations, requiring no human intervention.
OpenAI’s experimental research model also underwent rigorous evaluation. While the exact process of how ChatGPT solved the problems isn’t detailed, the San Francisco-based AI firm emphasizes that the finalized scores reflect a comprehensive independent assessment of its model’s capabilities. The success of both AI models underscores the significant advancements in AI’s reasoning and problem-solving abilities, particularly in complex fields like mathematics. This demonstrates AI’s potential to contribute to and potentially even accelerate progress in scientific and mathematical domains.
UK Government Updates Crypto Reporting Guidelines, Mandates Collection of Crypto Transaction Data
The UK government is intensifying regulatory oversight of the crypto sector, focusing initially on tax compliance. New guidelines, based on the OECD’s Crypto-Asset Reporting Framework (CARF), mandate UK crypto firms to collect comprehensive user data, including transaction details. This move aims to enhance tax transparency and accountability within the burgeoning crypto market.
By adopting CARF, the UK is proactively aligning with international standards for crypto regulation. While comprehensive regulations for the crypto sector are planned for 2026, these immediate measures demonstrate the government’s commitment to establishing a robust framework. The collection of detailed user information under CARF signifies a significant step towards integrating crypto assets into the existing financial system and ensuring tax obligations are met.
Electronic Arts (EA) will shut down BioWare’s multiplayer action game, Anthem, on January 12, 2026, years after its disappointing 2019 launch. EA announced the decision, confirming the servers will remain active until the shutdown date. However, sales of Anthem’s in-game premium currency have been halted.
Anthem, BioWare’s first foray into the live service game model, failed to achieve a substantial player base. Despite initial hype, the game suffered from numerous issues, including technical problems and unfulfilled promises. The decision to sunset Anthem signals EA’s acknowledgement of its failure to revitalize the title and a shift in focus towards other projects.
Perplexity’s Comet and The Browser Company’s Dia Browser Unveil New Feature to Automate Repetitive Tasks
Perplexity’s Comet and The Browser Company’s Dia are enhancing automation capabilities within their browsers, streamlining repetitive tasks for users. Comet, launching next week, will introduce a shortcut feature, allowing users to save and reuse frequently used prompts and actions with a single click. This promises to boost efficiency by eliminating the need to re-enter commands.
Dia, from The Browser Company, already boasts a similar feature called “Skills.” To further empower users, The Browser Company has launched a dedicated webpage where the community can share and discover various custom skills. This fosters collaboration and enables users to benefit from each other’s innovations, ultimately making both browsers more versatile and user-friendly through improved automation.
