TMT
08:06
According to the Wall Street Journal: Sources revealed that SpaceX has agreed to invest $2 billion in xAI. Musk's representatives have informed investors that commercial cooperation between SpaceX and xAI is more likely. It is reported that SpaceX's planned investment is part of a recent $5 billion equity financing.
22:55
Apple and other tech giants are singing a different tune
In the competition in the field of AI, "reasoning ability" is becoming the focus of the industry. Now, from OpenAI to Google and Anthropic, major technology companies are competing to launch large models with reasoning ability. There is a widely accepted saying in the field of AI, which has further promoted the industry's emphasis on reasoning ability, that is, the law of scale. Nvidia CEO Huang Renxun said: "Various evidence shows that as our models become larger and the more training data, the efficiency, quality and performance of intelligent systems will be better." However, Apple's recently released research report "The Illusion of Thinking" has poured cold water on this trend. They used a set of logic games to test the performance of current mainstream large models on reasoning tasks. The results show that once the problem becomes complex enough, these reasoning models will "collapse" and the accuracy rate is close to zero. However, there are also voices that believe that this report may be a strategic behavior of Apple. After all, it is still behind other competitors in the large model competition.
11:22
"Jay Chou concept stock" Superstar Legend (06683.HK) rose more than 36% during the session and is now up 16%. At 11:00 today, Jay Chou's account officially released its first Douyin video. The video uses AI generation technology to show many important scenes of Jay Chou's growth. At the end of the video, Jay Chou himself appeared and said: "Oh, not bad! Quite a lot of memories, let's meet here often in the future."
10:41
TikTok is developing an independent app only for US users? TikTok responds
TikTok issued a statement saying that a recent "exclusive" report published by Reuters based on anonymous and uninformed sources was not true. The above report stated that TikTok is developing a separate application for US users only, which will "use different algorithms and data systems from the global version." TikTok did not elaborate in its response.
16:48
Sources: India's Reliance Jio Platforms has postponed its 2025 IPO plan and has no plans to go public this year. Reliance Retail's IPO may not take place before 2027 or 2028.
11:56
Cha Yan Yue Se officially announced: Expanding retail business into North American market through e-commerce
According to Sina Technology, Cha Yan Yue Se officially released an article, officially announcing that it will expand its retail business to overseas markets in the form of e-commerce. According to reports, Cha Yan Yue Se has built its own Shopify independent e-commerce store, as well as brand-owned stores on Amazon, TikTok Shop, Walmart, Weee, and Yamibuy, which will be put into operation from July 9.
11:45
Superstar Legend (06683.HK) rose by more than 88%, with a market value of over HK$10 billion. The company is deeply "bound" to Jay Chou and is known as a "Jay Chou concept stock." Today, Jay Chou joined ByteDance's Douyin, and Douyin denied spending nine figures to sign a contract with Jay Chou.
11:37
Superstar Legend (06683.HK) rose more than 50%. Jay Chou joined ByteDance’s Douyin, and Douyin denied spending nine figures to sign a contract with Jay Chou.
02:35
Market News: SpaceX's valuation is expected to reach about $400 billion in the latest stock sale.
10:53
Huawei announces Hongmeng games will be unveiled at ChinaJoy
According to Huawei Terminal's Weibo, Huawei Game Center will participate in the 2025 ChinaJoy with games such as Honor of Kings, Hikari and Nocturne, Girls Frontline 2: Release, Zhu Xian 2, NBA Showdown, and Plants vs. Zombies 3.
10:17
A-share gaming stocks fluctuated higher, with Glacier Network and Giant Network both rising by more than 4%, followed by Fuchun Holdings, Kaiying Network, Perfect World, Shengtian Network and other stocks; SensorTower store intelligence platform showed that in June, a total of 33 Chinese manufacturers were shortlisted in the TOP100 global mobile game publishers revenue list, raking in a total of US$1.76 billion.
08:13
ByteDance denies Oracle and others will acquire TikTok's US business
On July 8, Beijing time, there was news that ByteDance had agreed to sell TikTok's US business to a US consortium led by Oracle, retaining a minority stake. In response, ByteDance said the information was untrue.
06:38
AI empowers games to go global and accurately reach players around the world
Since the beginning of this year, many places have introduced new policies in accordance with local conditions to support game companies in expanding overseas markets. In May, Guangdong Province issued the "Several Policy Measures on Promoting the High-Quality Development of Guangdong's Online Game Industry", which proposed to create a "Guangdong-made Game Overseas Matrix" and a "Game Enterprise Overseas Alliance", integrate resources, and concentrate on promoting more Guangdong-made original games to the international market and expand the overseas influence of Guangdong-made games. In June, the Zhejiang Provincial Department of Commerce and 17 other departments jointly issued the "Several Measures on Supporting Games to Go Overseas", proposing a series of measures such as promoting cultural and technological integration and innovation in the game field, supporting game "going overseas" publicity and marketing promotion, and implementing precise policies for R&D, operations and other links to enhance the global competitiveness of game products. Thanks to a series of policy supports, Chinese game companies have accelerated their "going overseas" and have turned their attention to overseas markets to seek new growth points. Leading game industry companies such as Perfect World Co., Ltd. and Sanqi Interactive Entertainment Network Technology Group Co., Ltd. (hereinafter referred to as "Sanqi Interactive Entertainment") have vigorously promoted their globalization strategies, and small and medium-sized game manufacturers have also actively optimized their global layout.
04:22
TikTok will lay off 38 employees in its Bellevue office, a notice shows.
15:38
Trump said the US will negotiate with China on the possible acquisition of TikTok, and the Ministry of Foreign Affairs responded
Foreign Ministry Spokesperson Mao Ning hosted a regular press conference. US President Trump said the other day that the US will negotiate with China on the possible acquisition of TikTok. He said that the agreement has been basically reached, but it may still need to be approved by China. Can the Ministry of Foreign Affairs provide more information? "Regarding issues related to TikTok, China has repeatedly stated its principled position," said Mao Ning.
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