AB Kuai Dong

I am very glad to meet CZ in Tokyo. This is his return to Japan after 7 years, and during this time, the entire industry has undergone tremendous changes.

At this event, I asked CZ a question: How do you view the on-chain of everything and the tokenization of stocks?

He replied: There have not yet been large-scale coin-stock products on the market. The possible reason is that each country and region has different policies, making it difficult for coin-stock investors to receive dividends and easily redeem stocks. There are also price differences during trading. However, projects on the chain are usually global in nature, which was a significant pain point back then.

Restrict areas or try to solve it?

But he reiterated that the trend of RWA cannot be stopped. $BNB

Is this thing really not going to want to destroy humanity someday? OpenAI, the company behind ChatGPT, tried locking two AIs in completely isolated virtual computers. They couldn’t connect to the internet or access each other, so in theory, there was no way for them to communicate.

But the two AIs figured out a way to secretly send messages using the cache in the computer’s CPU.

One AI deliberately accessed certain data, pushing the original contents out of the cache. Then the other AI read from the same location and checked whether it was fast or slow.

If it was fast, that meant the original information was still in the cache. If it was slow, the information had been pushed out, allowing it to retrieve the message from the other AI.

By using this difference in speed, they could encode and send information—like two people locked in soundproof rooms tapping Morse code through the wall.

On the first day after the iPhone Duo foldable went on sale, reports started coming in—not just from China, but from overseas too—of the inner screen cracking shortly after unboxing.

The damage looks much the same in each case: obvious cracks near the center hinge and in the lower-right corner when unfolded.

So far, no one has been offered a free replacement or refund. All cases have to be reported and handled through repair negotiations.

Huawei's senior leadership team saw a change today: He Gang, CEO of the Consumer BG under Richard Yu, has been promoted to Huawei director and officially become a member of the Executive Board.

The business unit is responsible for Huawei's phones, PCs, tablets, smart wearables, and the recently much-discussed HarmonyOS smart cars.

Has a potential successor to Richard Yu emerged?

If you think work is exhausting, take a look at iQIYI’s legal team. As a long-form video company, they spend every day either in court or on their way to sue another company.

Besides Bilibili, Douyin, and Kuaishou, they’ve even sued car rental companies—all because someone used an app built into a rental car to play TV shows whose copyrights belong to their video platforms, even though the passengers had downloaded the shows themselves.

The end of an era. With AI-generated images shaking up the industry, Getty Images, the world’s largest image library, recently filed for bankruptcy protection. The company has long been known for suing over copyright infringement and defending image copyrights. Now, with so many people using AI to generate images, its competitive moat has become extremely fragile.

That said, there’s no denying that the company has the most comprehensive image library. When Trump visited China, many exclusive scenes from the visit could still be found on its website.

Several media outlets have confirmed that Musk invested approximately $1 billion in Skydance, the new company formed by the merger of Paramount and Warner Bros., thereby indirectly becoming a shareholder in media companies including CNN, broadcaster CBS, and film and television company HBO.

When Musk acquired Twitter in 2022, Larry Ellison, Oracle founder and father of Skydance co-CEO David Ellison, had contributed $1 billion to support him.

This investment is also seen as Musk returning the favor and providing funds to Skydance, which had just completed its acquisition and taken on debt.

Now Musk not only owns X, but also indirectly holds shares in the parent company of CNN, CBS, HBO, and Paramount+, giving him unrivaled influence across the media landscape.

As it turns out, Apple’s iPhone Duo foldable hasn’t escaped the issue seen with earlier Android foldables: after a while, with frequent folding and unfolding,

a visible crease appears along the middle hinge.

Turns out Changxin is willing to spend big. An investigation by the office of South Korean lawmaker Choi Soo-jin found that, over a recent period, Changxin poached at least 27 senior engineers from Samsung and SK Hynix. Some recruiters offered up to double their current salaries, along with housing and tuition subsidies for their children, and guaranteed employment for three to five years.

To get around potential non-compete restrictions, they would first work for downstream suppliers as a temporary step before joining Changxin Technology.

After Zhang Qing, former chief procurement officer of Sam’s Club China, joined Boyu and became involved in Starbucks’ operations, Starbucks stores across China have officially begun requiring customers to make a purchase to sit down, bringing them in line with policies at some locations in North America and Hong Kong.

Although Starbucks China had previously denied the reports, stores across the country have been putting up signs to that effect since the day before yesterday.

You have to admire Apple’s influence. With the iPhone Duo’s activation date approaching, major apps rolled out updates overnight to support its foldable screen.

Surprisingly, financial apps were the quickest to adapt—after all, their customers are high-net-worth individuals willing to spend over 16,000 yuan on a phone.

BMW recently found itself in an unusual situation. It planned to cut jobs, but to avoid legal issues, it emailed tens of thousands of employees asking whether they would consider taking a payout and leaving, and provided a website where they could register their interest.

After receiving the notice, everyone rushed to the website to see how much they could get, then happily headed for the exit—causing the site to crash under the traffic.

Some long-serving employees could even receive hundreds of thousands of euros.

BMW has now paused the voluntary departure scheme because so many people want to take the money and leave that HR simply can’t process all the applications.

The reason for this round of job cuts and cost-saving measures is quite straightforward: in China, once BMW’s biggest market, fewer and fewer people are buying its cars.

Just when you thought things couldn’t get worse for CoreWeave, which has been getting hammered these past few days, HSBC poured more cold water on the company.

CoreWeave was once a hot AI stock. Its business model is to borrow money to buy a bunch of Nvidia GPUs, build data centers, then rent them out to AI companies like OpenAI and Microsoft and charge by the hour.

But its share price has nearly halved over the past six months. This week, it fell below $58, hitting a one-year low.

The reason is that the company has taken on a huge amount of debt. It relies entirely on borrowing to buy GPUs, but interest rates in the U.S. remain high, making loans increasingly expensive and pushing its leverage to the limit.

In recent days, some analysts have also suggested that CoreWeave may not be earning enough to cover its interest payments. Even people at JPMorgan are calculating how much of Wall Street could be affected if the company fails to pay its debts.

HSBC’s new report is even more blunt: CoreWeave’s business offers nothing distinctive. It simply rents out entire GPU systems to a handful of major customers.

For the same computing power, it earns around 30% less per year than Amazon and Microsoft, which benefit from their scale. On top of that, growth among AI model companies is slowing, potentially reducing demand for expensive, short-term computing capacity. Pressure in the debt markets is also making CoreWeave wary of expanding further.

The good news is that Goldman Sachs and other firms still have a very positive outlook on the company.

Get it now! Binance has announced its own wallet feature designed specifically for AI agents, with .ai short addresses. That means receiving transfers or identifying an address no longer involves a long string of alphanumeric characters starting with 0x.

The wallet can be authorized to connect to popular AI models and tools such as Claude, ChatGPT, and Copilot, while keeping its funds separate from your main wallet.

So next time you open an AI chat tool, you can simply say: “If NVIDIA’s stock token drops another 5% today, use $1,000 in stablecoins to buy it directly on-chain.”

The story about China’s tech giants snapping up Nvidia chips is back.

Reuters reports that three Chinese tech giants—ByteDance, Alibaba and Tencent—have jointly ordered more than 3 million RTX Pro 5500 cards from Nvidia. The workstation GPU was unveiled by Nvidia this September.

Each card costs about $11,400, putting the total value of the orders at more than $35 billion.

The buying frenzy is driven by the fact that B300 chips cannot currently be sold directly to Chinese companies, while H200 chips require regulatory approval. The RTX Pro 5500 is one of the most powerful models currently available through compliant channels.

But there are now too many customers looking to use these cards to build computing capacity, and Nvidia hadn’t planned to make so many. The company has therefore told its Chinese customers that it cannot guarantee delivery of the entire batch, and warned its partners that they might ultimately receive only 5% to 10% of the quantities they requested.

The ideal AI career: join a cutting-edge LLM company, work on algorithms, write articles that shake up the industry, and ultimately make a name for yourself.

The real AI grind: sit at your computer managing hundreds or thousands of Claude, ChatGPT, and Grok accounts; know your way around reverse engineering, packet sniffing, and decrypting reasoning processes; and occasionally fly to Tokyo or Singapore on a business trip, hauling a pile of Mac minis to set up as physical relays.

Yao Shunyu, Tencent’s 28-year-old chief AI scientist, who works alongside Ma Huateng.

He encourages the team to work overtime so they can push competitor DeepSeek into working overtime too.