AI - Asia Tech Wire

19:29

                            Retail investors have bought a net $29.8 billion of Nvidia stock so far this year
                        
                            The latest disclosed data shows that since the beginning of this year, retail investors have net bought Nvidia shares worth US$29.8 billion (approximately RMB 217.5 billion), a surge of 885% from three years ago, making it the U.S. stock with the largest net purchases by retail investors this year.
                        
18:54

                            Is Woer Nuclear Materials' subsidiary a Tier 1 supplier to Nvidia? The company's latest response
                        
                            In response to the market rumor that "Wall Nuclear Materials' subsidiary Leting Cable is a first-tier supplier of NVIDIA," a staff member from Wall Nuclear Materials' securities department responded to reporters, "The subsidiary does not supply directly, and NVIDIA is not among its direct customers." "The high-speed communication cables produced by the subsidiary Leting Cable have major customers including Amphenol, Volex, Molex, and Tyco Enterprises. These companies are direct customers. After the high-speed communication cables are supplied to downstream customer groups, they are used by major international and domestic server manufacturers' terminals, and are not supplied directly to NVIDIA." The above-mentioned Wall Nuclear Materials' securities department staff member said. 
                        
17:43

                            Reserve Bank of India: Set up a committee to develop a framework for responsible and ethical application of artificial intelligence in the financial industry.
                        
17:35

                            RBI forms committee to develop framework for responsible, ethical use of artificial intelligence in financial sector
                        
                            The Reserve Bank of India has set up a committee to develop a framework for responsible and ethical use of artificial intelligence in the financial sector.
                        
16:51

                            Shenzhen releases low-altitude economy standard system
                        
                            On December 25, the first plenary meeting of the Shenzhen Low-altitude Economy Standardization Technical Committee was held at the Shenzhen Municipal Transportation Bureau. At the meeting, the Municipal Transportation Bureau and the Municipal Market Supervision Administration jointly issued the "Guidelines for the Construction of Shenzhen Low-altitude Economy Standard System (V1.0)" (hereinafter referred to as the "Guidelines (V1.0)"), which is another important milestone in the standardization of Shenzhen's low-altitude economy. The launch of this system will play an important role in promoting the standardized development of the industry, ensuring public safety, and promoting industrial integration and coordinated development, helping Shenzhen compete for the "first city of low-altitude economy". The "Guidelines (V1.0)" provides an open and unified infrastructure support framework for the low-altitude economy by introducing the core concepts of "four networks" - "facility network", "air network", "route network" and "service network". On this basis, the "Guidelines (V1.0)" is guided by application scenarios and integrates standards in multiple fields such as aviation, ground transportation, information technology and artificial intelligence. It not only meets the current industry needs, but also reserves expansion space for the access of new scenarios and new technologies in the future.
                        
16:40

                            Nvidia supplier: AI phones will support the chip industry if data center business slows down
                        
                            Doug Lefever, CEO of Advantest, an Nvidia supplier and the world's largest chip tester company, said he is closely watching the movements of large U.S. technology companies to see if their spending on artificial intelligence is slowing down. Lefever said demand for AI-powered smartphones would help protect parts of the semiconductor industry from a recession if data center investment slows.
                        
15:44

                            Jincai Internet: Established a joint venture company Yidong Digital Intelligence with a registered capital of 170 million yuan
                        
                            Jincai Internet announced that the joint venture company Yidong Shuzhi Technology Co., Ltd., jointly established by the company and Qingdao Zhongcai Rongxi No. 1 Equity Investment Fund Partnership, has completed industrial and commercial registration and obtained a business license. Yidong Shuzhi's registered capital is RMB 170 million, and its legal representative is Du Ronghua. Its business scope includes artificial intelligence hardware sales, big data services, marketing planning, etc.
                        
15:26

                            360 established an artificial intelligence technology company in Xuzhou
                        
                            Qichacha APP shows that Xuzhou 360 Artificial Intelligence Technology Co., Ltd. was established recently, with Pan Yan as the legal representative and a registered capital of 2 million yuan. Its business scope includes artificial intelligence application software development, artificial intelligence basic software development, artificial intelligence hardware sales, industrial Internet data services, etc. Qichacha equity penetration shows that the company is wholly owned by Beijing 360 Zhiling Technology Co., Ltd., which is a wholly-owned subsidiary of 360.
                        
15:01

                            A-share closing review: The three major indexes rose slightly, and AI hardware trends strengthened collectively
                        
                            The three major A-share indexes rebounded collectively today. As of the close, the Shanghai Composite Index rose by 0.15%, the Shenzhen Component Index rose by 0.67%, the ChiNext Index rose by 0.39%, the Beijing Stock Exchange 50 Index rose by 0.14%, and the Micro-cap Index rose by 1.42%. The total market turnover was 1.2864 trillion yuan, a decrease of 8.3 billion yuan from the previous day. More than 3,600 stocks rose in the entire market. In terms of sector themes, copper cable high-speed connection, liquid-cooled server, Internet e-commerce, and data center sectors led the gains; kitchen and bathroom appliances, Tibet, and banks led the declines. On the market, AI hardware led the gains, copper cable high-speed connection, liquid-cooled server, and optical module led the gains, Zhaolong Interconnect, Kingsignal, Broadcom, Xinke Materials, Wall Nuclear Materials, Luxshare Technology, Baosheng Shares, Mingpu Optoelectronics, Yimikon, Invic, and Jingwang Electronics rose by the daily limit. Data center concepts led the gains, and Electro-Optical Technology staged a ground-to-sky board, Yimikon, Kotech Power, Magmet, Tongding Interconnect, Kehua Data, Kstar, and Huamai Technology rose by the daily limit. The concept of WeChat stores continued to be active, with profits reaching 6 consecutive boards, and Kaichun Shares and Zhongbai Group hit the daily limit. The retail sector was active in the afternoon, with Central Department Store, Dongbai Group, Xinhua Department Store, Nanning Department Store, and Guangbai Shares hitting the daily limit. The Tibet sector led the decline, with Gaozheng Civil Explosives and Tibet Tianlu hitting the daily limit.
                        
14:59

                            According to Chosun Ilbo: The South Korean National Assembly passed more than 110 bills on the 26th, including industrial laws and the establishment of a trustworthy artificial intelligence framework, but the highly anticipated semiconductor special bill was not included.
                        
11:51

                            Henan Zhengzhou Airport Economy Zone launches 10 billion yuan industrial fund
                        
                            On December 26,
                        
10:49

                            The A-share chip sector rose, with Star Semiconductor rising more than 10%, Lanqi Technology rising more than 7%, and Longxun Technology, Will Technology, Ankai Microelectronics, Lihe Microelectronics, and Longsys following suit.
                        
10:48

                            Chip stocks rose, with Star Technology up more than 10%
                        
                            The chip sector rose, with Star Semiconductor rising more than 10%, Lanqi Technology rising more than 7%, and Longxun Technology, Will Technology, Ankai Microelectronics, Lihe Microelectronics, and Longsys following suit.
                        
10:12

                            Honor established a new company in Guizhou to sell smart robots
                        
                            Tianyancha App shows that Guiyang Xingyao Terminal Co., Ltd. was established recently, with Wen Jie as the legal representative and a registered capital of RMB 2 million. Its business scope includes mobile terminal equipment sales, home appliance sales, electronic product sales, smart robot sales, smart unmanned aerial vehicle sales, network equipment sales, etc. The equity panoramic penetration map shows that the company is wholly owned by Shenzhen Xingyao Terminal Co., Ltd., which is a wholly-owned subsidiary of Honor Terminal Co., Ltd.
                        
10:10

                            The CEO of Nvidia supplier Advantest is closely watching whether large U.S. tech companies are showing any signs of slowing spending in the field of AI.
                        
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