[Giant Wind Indicator]
1. Tesla denies rumors that Musk is buying a house in Beijing for $150 million. According to Tesla, this news is untrue. It is reported that multiple Beijing real estate agents have posted video works on social media, claiming that Musk bought a house in Beijing for $150 million and purchased the aerial courtyard at No. 8 Xiaoyun Road in Beijing. According to public reports in 2015, the aerial courtyard project at No. 8 Xiaoyun Road, Hesheng, Beijing, starts at 360000 yuan per square meter and can reach a maximum of 500000 yuan per square meter. Calculated, the total price of a single property will be between 360 million and 500 million yuan. (Beiqing Daily)
2. Google's' spin off fate 'reaches a critical juncture: appearing in court next week, the US Department of Justice targets digital advertising business. According to reports, Google executives are expected to appear in court next week to face questioning from the US Department of Justice regarding advertising profits, following the company's conviction in a major antitrust case for illegally monopolizing online search. The US Department of Justice and multiple states will seek to prove that Google has violated US antitrust laws in its digital advertising business. The report states that if the states and the Department of Justice win, it will lay the foundation for them to demand that US District Judge Leonie Brinkema order the company to be split. Antitrust regulators claim that Google dominates the technology market behind website advertising by bundling the tools it provides for publishers and advertisers together, occupying a "privileged intermediary position".
3. Nvidia has been accused of facing antitrust investigations and has stated that it has not received a subpoena from the US Department of Justice. A spokesperson for Nvidia stated in a statement on September 4th local time that Nvidia has not received a subpoena from the US Department of Justice. Previously, there were reports that the US Department of Justice, which is collecting evidence of Nvidia's violation of antitrust laws, has issued subpoenas to the chip manufacturer and other companies, escalating its investigation into the tech giant. According to informed sources, the Ministry of Justice, which had previously distributed survey questionnaires to companies, has now issued a legally binding requirement that recipients must provide information to them.
4. Microsoft's relationship with Reflection AI 'dodged' UK antitrust investigation. UK antitrust officials have stated that Microsoft's hiring of former Inflection AI employees and collaboration with the startup does not pose a threat to competition. The UK Competition and Markets Authority launched an investigation in July this year to determine whether Microsoft's relationship with Reflection AI may stifle competition in the UK. Officials have now concluded that this is not the case and have stated that they will not initiate a formal investigation into it.
5. Tesla is expected to launch a fully autonomous driving (FSD) system in China and Europe in the first quarter of next year. On September 5th, Tesla released a roadmap on the X platform, expecting to launch a fully autonomous driving (FSD) system in China and Europe in the first quarter of 2025, but still awaiting regulatory approval.
6. JD Supermarket has established a new strategy. On September 5th, JD Supermarket celebrated its 10th anniversary and released a new strategy of "restructuring the supply chain, rebuilding product strength, and reshaping the quality price ratio". JD Group will invest 10 billion yuan to help the brand continue to grow. In the first half of this year, JD Supermarket saw a 20% increase in new users, a growth of over 30% in order volume, and high double-digit revenue growth. As of the end of 2023, JD.com has produced over 50 super brands with annual sales exceeding 1 billion yuan, as well as over 100 brands worth 500 million yuan and over 500 brands worth over 100 million yuan.
7. Taobao has clarified that merchants will gradually open WeChat Pay after September 12th. After announcing plans to add WeChat Pay capabilities on September 4th, Taobao released an announcement on September 5th, clarifying that it will gradually open WeChat Pay to all Taobao and Tmall merchants after September 12th. At present, some merchants have gradually received invitations to open. According to the announcement released by Taobao and Tmall on the 4th, in order to enhance consumers' shopping experience, Taobao plans to add WeChat payment capability and adjust platform rules after the collection of opinions is completed. This also means that the long-awaited full integration of Taobao with WeChat Pay is about to officially land.
8. Cambrian: There are "experts" who impersonate company related personnel to participate in communication, and the company reserves the right to pursue accountability. Cambrian released a statement stating that at a securities strategy meeting today, someone under the name of "Cambrian expert" communicated with institutional investors about the company and industry situation. The relevant false information was subsequently widely spread and has caused serious negative impacts. After investigation, it was found that the "expert" was involved in the communication with a person related to a counterfeit company, and the motive is unknown. The company reserves the right to pursue legal responsibility against them.
9. Tencent has released a new generation of big model "Hybrid Turbo". At the 2024 Tencent Global Digital Ecology Conference, Tencent officially released its new generation big model - Tencent Hybrid Turbo. This model adopts the MoE architecture, which improves inference efficiency by 100% and reduces inference costs by 50% compared to the previous generation product. Externally, the price of Tencent Hybrid Turbo is also 50% lower than that of Hybrid Pro, with an output price of 0.05 yuan/thousand tokens and an input price of 0.015 yuan/thousand tokens.
10. It is reported that the United States, the United Kingdom, and the European Union will sign an agreement on artificial intelligence standards. According to reports, the United States, the European Union, and the United Kingdom are expected to sign the European Commission's Convention on Artificial Intelligence, which emphasizes human rights and democratic values in regulating public and private sector systems. The convention was drafted by more than 50 countries over a period of two years, including Canada, Israel, Japan, and Australia. The convention requires signatory countries to be responsible for any harmful and discriminatory results produced by artificial intelligence systems, and also requires the output of such systems to respect the rights to equality and privacy. It also requires victims of AI related infringements to have legal recourse.
Listed capital flow
1. US telecommunications operator Verizon plans to acquire Frontier for $20 billion. Verizon, a US broadband and telecommunications service provider, has announced that it will acquire Frontier Communications in an all cash deal worth $20 billion to expand its fiber optic network. Verizon's proposed acquisition price is $38.50 per share, which is 37.3% higher than Frontier's closing price on September 3 (the day before the potential acquisition report was exposed). This acquisition is expected to be completed within 18 months.
2. Nvidia invests in Japanese AI company Sakana AI. Sakana AI announced its partnership with US chip giant Nvidia on September 4th and stated that it has raised over $100 million in funding from a group of investors. This round of Series A financing is led by New Enterprise Associates, Khodra Ventures, and Lux Capital. Sakana AI stated that it will collaborate with Nvidia on artificial intelligence research, data centers, and AI community development in Japan.
3. Zhipu AI has completed a new round of financing with a pre investment valuation of 20 billion yuan. Zhongguancun Science City announced that it will lead a new round of financing for Zhipu AI with a pre investment valuation of 20 billion yuan, and stated that the funds will be used to support the technological innovation and ecological development of Zhipu's domestic base model. According to the disclosure, the amount of this round of financing is several billion yuan. Zhipu has not provided any comment on the post investment valuation and more financing information. At present, the shareholders of Zhipu include well-known investment institutions such as Hillhouse Capital, Qiming Venture Capital and Junlian Capital, as well as Internet giants such as Meituan, Ali, Tencent and Xiaomi. The valuation of 20 billion yuan is widely regarded by the market as the benchmark for standing out and entering the first tier in this hundred model war.
New Trendy Products
The Shanghai AI Laboratory has released the Shusheng Jishi Digital Finance Platform. At the "Big Model Insights" forum of the Bund Conference, the Shanghai Artificial Intelligence Laboratory, in collaboration with Tongji University, released the Shusheng Jishi Digital Finance Platform, which includes two modules: financial evaluation benchmarks and financial specific models. By integrating the advantages of general basic models, interdisciplinary studies, and real-world industry data, the platform can provide a more comprehensive evaluation of the practicality of financial big models.