Patera Daily Report, 3 August 2026
Alibaba unveils Qwen3.8-Max model
Alibaba announced its 2.4T parameter AI model with open weights for next week. This release draws significant interest because of its competitive performance benchmarks.
US and Japan intervene in yen market
Treasury Secretary Scott Bessent and the Japanese finance minister confirmed coordinated market intervention. This action follows a historic 185 billion dollar wipeout in Japanese stocks.
MiniMax releases H3 model as open source
MiniMax released its multimodal H3 model for public use. Users can now run the model locally on high-end hardware like RTX 5090s or 6000s for video and audio tasks.
Investors trade $CATE memecoin
The token shows high volatility and massive whale accumulation. Holders report significant profits as viral marketing on TikTok drives the price toward a 100 million dollar market cap.