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Tech Beat · 5 PM Update

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The AI price war is intensifying. OpenAI recently slashed the cost of its base frontier model by eighty percent per million tokens, and it is not alone — every major player is cutting prices and upgrading entry-level offerings to compete with aggressive new models out of China, including DeepSeek and Moonshot's Kimi. The race to the bottom is officially on.

Meanwhile, closer to home, Capitol Hill has quietly become one of ChatGPT's most prominent clients. House spending records show congressional offices are leaning on OpenAI's chatbot to draft memos, summarize legislation, and handle constituent communications. It raises real questions about transparency and accountability when the people writing our laws are outsourcing the writing.

And in chip manufacturing, drone footage over Elon Musk's new Advanced Technology Chip Fab in Texas shows construction moving at a striking pace. The facility, announced just this past March, is being designed as an all-in-one site for logic, memory, and packaging — an ambitious vertical integration play in a sector where the United States is still trying to close serious ground.

Those are the stories worth watching today. Keep surfing. Tech Beat out.

Sources

  1. https://techcrunch.com/2026/08/03/congresss-favorite-ai-tool-chatgpt/
  2. https://decrypt.co/374850/trump-american-bitcoin-8000-btc-record-mining-quarter
  3. https://www.tomshardware.com/tech-industry/artificial-intelligence/ai-companies-are-now-racing-to-the-bottom-crashing-token-prices-and-competitive-models-push-companies-to-cut-costs
  4. https://faucis-indictment.fly.dev/
  5. https://www.computerworld.com/article/4203560/how-ai-in-china-is-killing-smartphone-apps.html
  6. https://www.techradar.com/streaming/disney-plus/what-is-the-release-date-for-x-men-97-season-2-episode-8-on-disney
  7. https://www.techradar.com/seasonal-sales/i-scanned-best-buys-massive-back-to-school-sale-these-are-the-12-deals-id-buy-on-laptops-tablets-airpods-tvs-and-more
  8. https://www.tomshardware.com/tech-industry/semiconductors/drone-flyover-reveals-rapid-progress-at-elon-musks-atcf-chip-fab-texas-site-prepares-for-all-in-one-logic-memory-and-packaging-facility
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