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

100 million yuan might not be enough to hire Musk, Jensen Huang, or Jack Ma.

But now, for just 100,000 yuan, you can hire Roast Musk, Huang Yinxun, and Fan Xiaoqin.

Uh... Time magazine's 2026 Best Inventions issue is out today

Apple's iPhone Duo foldable made the list

The cover features the new CEO, John Ternus

Samsung, Xiaomi, Huawei, OPPO???

Damn, Feng Ge, the founder of “Sexual Repression”

The viral video that hit a million views yesterday

Spending a day doing daily-wage work in Majuqiao

At 4:05, someone shows up promoting Binance’s referral bonus, offering 10 yuan per sign-up 🤣

Huawei Managing Director and Head of HarmonyOS Intelligent Driving Richard Yu

Hasn’t updated his social media for 20 days

His last post was on October 6, and he hasn’t posted any new tweets or videos since. He used to post every 1–2 days. Could that long post on X actually be coming true?

Interview requirements for a network engineer position at Tesla in the Asia-Pacific region

Must be able to lift a 25 kg weight

That’s roughly equivalent to stacking 16 Apple MacBook Pro 14-inch laptops

It’s over. It’s all over. A 75% chance of winning suddenly dropped to zero. In Brazil’s presidential election, Bolsonaro—the far-right frontrunner who had consistently led both prediction markets and opinion on the X platform—unexpectedly lost the runoff to incumbent left-wing President Lula.

Bolsonaro had led in the first round of voting. This was the first time in Brazil’s history that a candidate who lost the first round came back to win in the second.

Musk has sounded the alarm. Over the weekend, several industry professionals published bearish takes on the sector, arguing that AI computing power is shifting from a frenzied expansion phase to a shakeout—and that the era of limitless growth is over.

The reason is that most companies building AI computing capacity first borrow a huge amount of money to buy expensive GPUs, then build data centers, maxing out their leverage. They ultimately rely on renting out computing power to others to make a profit.

This business model made it very easy to raise money last year and this year, and investors were extremely enthusiastic about it.

But recently, something has happened in the financial markets that has prompted many industry professionals to sound the alarm: lenders are no longer willing to provide loans.

Apart from the prospect of making money by renting out computing power in the future, these companies have almost no other reliable sources of income. If demand for AI is less robust than expected, it can be very difficult to recoup their investment. Fearing they could lose everything, lenders are simply closing the door on them.

Meanwhile, building data centers in the real world is far from straightforward. Projects can easily be delayed again and again due to power shortages, land and permitting issues, or the need to install cooling and networking infrastructure.

A lot of money has already been spent on many projects, but by 2027 they may still be only half-finished—or completed but sitting idle, generating nowhere near enough to cover interest and costs. This is what Musk calls stranded computing capacity.

Musk said he expects to soon see a large amount of stranded computing capacity in half-built data centers, because people are overly optimistic about how quickly data centers can actually be built.

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.