OPAQUE

A new short-focused fund has launched with Michael Burry, the investor known for betting against the housing market before the 2008 crisis, serving as an adviser. The fund is taking aim at risks in the private credit market, where concerns have grown about opaque lending standards and potential losses. Reuters reported the launch, drawing attention given Burry's bearish track record.

OPAQUE Systems, a confidential computing startup focused on verifiable AI, reports its open source software is approaching 500,000 downloads, while community code contributions have grown more than tenfold. The company says the figures reflect growing interest in running AI workloads with verifiable privacy and data protection. Coverage so far comes from industry trade outlets carrying the announcement.

A South China Morning Post commentary argues that Hong Kong and mainland China cannot afford to ignore the need for greater transparency in their property markets. The piece suggests opaque market practices carry risks for buyers, investors and the wider economy, and that both governments should address disclosure and information gaps in the housing sector.

Reports claim Russia has received around 48 Su-57 stealth fighters and has delivered two more of the aircraft to Algeria. Defense Express questions how accurate these production and export figures are, noting that confirmed delivery numbers for Russia's fifth-generation fighter have remained opaque. If true, the Algerian delivery would mark a rare export of the Su-57 to a foreign customer.