August 8, 2025 · 24-Hour AI Update: ChatGPT-5, Atlassian, SMIC
In the past 24 hours, the global AI landscape has seen three major developments: OpenAI officially released GPT-5, Atlassian delivered a strong earnings report while doubling down on AI, and SMIC faced pressure from traditional business lines. Here are the key updates:
OpenAI launches GPT-5: First “Unified” AI model combining reasoning and speed
OpenAI announced the release of GPT-5, its most intelligent, fastest, and most useful AI model to date. GPT-5 is OpenAI’s first “unified” AI system, combining the deep reasoning capabilities of the ‘o’ series with the rapid response speed of the GPT series.
OpenAI CEO Sam Altman praised GPT-5 during the launch event, calling it “the best model in the world” and a “major upgrade” over previous versions. He stated that its release marks a “significant step” toward achieving Artificial General Intelligence (AGI).
Starting today, GPT-5 will gradually roll out to all ChatGPT users and developers. It shows remarkable improvements in front-end code generation and debugging large codebases.
Comment: While GPT-5 brings exciting upgrades, many users found their GPT-4.5 version quietly removed before even getting to try GPT-5. Whether GPT-5 truly is the smartest model yet remains to be seen.
Atlassian beats expectations, AI monthly active users surpass 2.3 million
Atlassian Corp reported Q2 revenue of $1.38 billion, exceeding Wall Street’s expectation of $1.36 billion and marking a 22% year-over-year increase. EPS was $0.98, well above the consensus estimate of $0.86.
Cloud revenue reached $928 million, up 26% YoY. The company now serves over 300,000 global customers, with 80% of Fortune 500 firms among them, though these large accounts represent just 10% of total business. The company expects 8% revenue growth in fiscal Q1 2026 due to limited renewals and previous migration impacts.
Comment: With over 2.3 million monthly active users engaging with its AI features, Atlassian is gaining strong traction. Its newly announced multi-year partnership with Google Cloud is aimed at accelerating cloud transformation and delivering advanced AI capabilities. The question is whether Atlassian can truly capitalize on this AI opportunity.
SMIC Q2 earnings under pressure, limited AI-driven growth
SMIC reported total Q2 revenue of $2.209 billion, down 1.7% quarter-over-quarter. Gross margin fell to 20.4%, a 2.1 percentage point decline. Capacity utilization rose to 92.5%, up 2.9 percentage points. Regional revenue breakdown: China 84.1%, U.S. 12.9%, EMEA and Asia 3%—mostly flat from Q1.
Comment: SMIC’s revenue and margin both missed market expectations. Only mobile and industrial segments saw growth this quarter, while PCs, consumer electronics, and others declined. The company’s performance remains heavily dependent on traditional markets, with minimal visible impact from AI demand. Inventory rose to $3.143 billion, up 14.7% QoQ, reflecting weaker downstream demand.
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