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Research and development investments are close to the combined sum of BAT! Does ByteDance want to become China's OpenAI?
Zheshang stated that ByteDance has made huge investments in AI, with capital expenditures reaching 80 billion yuan in 2024, approaching the total of Baidu, Alibaba, and Tencent (about 100 billion yuan). Research and development investments significantly lead their peers; analogously, just as Microsoft is strongly investing in OpenAI, ByteDance in China may be comparable to OpenAI in the USA.
How Humanoid Robots and AI Will Change the Workforce
U.S. stocks close: The Nasdaq returns above 0.02 million points as Apple reaches a new high with a market cap of 3.9 trillion.
① Tesla rose by 7.36%, leading the "Seven Giants"; ② Nasdaq China Golden Dragon Index has risen for three consecutive days; ③ American Airlines announced that flights have resumed running; ④ OpenAI has discussed developing a humanoid Siasun Robot&Automation.
Bank stocks have surged for several consecutive days, and the Hang Seng Index has recovered to 20,000 points. Bullish Signals from the fiscal side are favorable for the continuation of the rebound | Hong Kong stock barometer.
① The Hang Seng Index stands above the 20,000-point mark; why is it so strong in the short term? ② The fiscal side releases Bullish Signals; can it help sustain the rebound?
What to Invest in the AI Theme in 2025
Top Gap Ups and Downs on Monday: TSM, HMC, GFI and More
Hong Kong stock market news for December 24: The three major US Indexes closed higher. HKEX has a half-day trading session due to Christmas.
① Consumer confidence in the USA has declined for the first time in three months. ② The three major US stock indices collectively closed higher on Monday, with most China Concept Stocks showing strength. ③ Musk criticized the Federal Reserve, claiming there are absurdly many employees under Powell. ④ The NASDAQ 100 Index is rebalanced, with the weight of Tesla, Meta, and Broadcom decreasing. ⑤ HKEX will have a half-day Trade session on Christmas Eve.
Autonomous Vehicle Watch: The Robotaxi Pure Play That Analysts Love
Fed's Daly Reveals Her Bullishness for AI-Driven Productivity
Chinese Startup Sharge Unveils First Mass-produced AI Glasses in China Ahead of Xiaomi and Baidu
The "Hundred Models" evaluation results from the Zhiyuan Research Institute: ByteDance ranked first in multiple categories, leading the overall AI performance among major companies.
Sina Technology reported on December 23 that recently, the Zhiyuan Research Institute released a comprehensive evaluation result of over 100 open/closed source language, visual language, text-to-image, and text-to-video large models both domestically and abroad. The evaluation found that in the second half of 2024, the development of large models will focus more on enhancing comprehensive capabilities and practical applications. In several assessment results, ByteDance ranked first in various AI capabilities, while companies like Alibaba and Baidu achieved excellent performances.
Hong Kong stock market morning report on December 23: Biden signed a bill to prevent the USA government from "shutting down". The performance of China Concept Stocks shows divergence.
① Biden signed an emergency funding bill to prevent a "shutdown" of the USA government. ② The USA's November core PCE price index rose 2.8% year-on-year, which was lower than expected. ③ The three major stock indexes in the USA opened lower and closed higher last Friday, while China Concept Stocks showed mixed performance. ④ NYMEX Henry Hub Natural Gas Futures rose more than 14% last week. ⑤ Federal Reserve's Goolsbee stated that interest rates may decline within 12 to 18 months.
What Makes Baidu (BIDU) a Top Pick for Asian Hedge Funds in the AI Race?
A deep restoration of the extreme crisis: Baidu and Geely paid several hundred million yuan in aftermath costs. Why has it always been the investors who contribute and bear the costs?
The aftermath handling plan for Jiyue employees has finally been settled.
Baidu-Geely JV Reportedly Discloses Layoff Package After Clashes With Employees
The Dow barely ended its longest continuous decline in 50 years, Micron fell by 16%, the US dollar reached a two-year high again, and US bonds, oil, and Bitcoin all dropped.
U.S. stock market's other Indexes turned down towards the end, Tesla rose by nearly 4% before closing down, NVIDIA reached a high of 4%, and Micron Technology had its steepest decline in five years. The yield on the 10-year U.S. Treasury bonds briefly increased by nearly 10 basis points approaching 4.60%, close to a seven-month high, while short-term bond yields fell, with the 2/10-year yield spread at its widest in two and a half years. The Bank of England held rates steady, but more officials supported a rate cut, leading to a decline in the British Pound. The Governor of the Bank of Japan suppressed interest rate hike expectations, causing the yen to fall towards 158, and the offshore renminbi briefly dropped below 7.32 yuan to its lowest in 15 months. Bitcoin fell by 5%, approaching $0.096 million. Spot Gold rose by 1.6% before narrowing back below $2,600, while the futures silver fell by 5%, and U.S. crude oil fell below $70.
Top Gap Ups and Downs on Thursday: ACN, MU, VRTX and More
Overnight news: Crude Oil in the USA fell on Thursday. Trump supports the latest government spending plan from the House Republicans. Nike's revenue in the second quarter decreased by 7.7% year-on-year.
For more global financial News, please visit 7×24 hours real-time financial news. Market close: After ten consecutive declines, the Dow experienced a slight rebound. The Nasdaq and S&P 500 both fell for three consecutive days. On December 19, the top 20 trading volumes of US stocks: Micron's performance fell far below expectations, causing its stock to plummet by 16%. On Thursday, China Concept Stocks had mixed results; Li Auto rose by 2.6%, while Baidu fell by 3.1%. US WTI Crude Oil dropped on Thursday as the bleak economic outlook exacerbated concerns over supply surplus. International Precious Metals Futures generally closed lower, with COMEX Gold Futures falling by 1.63%. Major European stock indices collectively closed down, with the German DAX30 Index declining by 1.39%.
Baidu Shares Dip on Apple's AI Talks in China
Hong Kong market overview on the 19th: The Hong Kong Index fell back by 0.6%, with Baidu dropping by 4.2%.
On the 19th, the Hong Kong market saw a decline with the Hang Seng Index, composed of 83 major stocks, falling by 112.04 points (0.56%) to 19,752.51 points, and the Mainland China Enterprises Index (formerly H-Share Index), composed of mainland companies, dropping by 28.66 points (0.40%) to 7,152.13 points. Trading volume expanded to 142.8 billion 69.6 million Hong Kong dollars (previously on the 18th it was 107.5 billion 41.1 million Hong Kong dollars). The trend indicates a stronger cautious stance among investors. The U.S. Federal Open Market Committee (