📡 Top-of-the-hour news | 10:00-11:00
1. A new report on Meta’s latest AI developments indicates that its progress in generative AI may accelerate the scale of machine-generated content production—large enough to change the content users see online and the information they trust.
2. This year, China’s quantitative investment industry has 18 fund institutions whose managed assets have each surpassed RMB 10 billion; newly added “century-billion” members include AXQ Capital, Hopeseek Fund, and others.
3. CryptoRank data shows that XRP’s cumulative gain in Q3 exceeded 43%. This marks the first time it has recorded all three months of the quarter with gains. The amount of XRP held by exchanges fell from about 12.9 billion coins in April to around 11.0 billion recently.
4. According to Nikkei, Toshiba plans to double the production capacity of hard disk drives to meet the continuously growing storage demand from AI data centers.
5. Great Wall Motor’s new Tank 300 achieved sales of 10,009 units in September.
6. AMD announced a deal of approximately $8.2 billion to bring in AI expert Fei-Fei Li. This is seen as a significant move to strengthen its AI chip and talent strategy. Meanwhile, Intel faces strong competitive pressure from NVIDIA in the AI accelerator market.
7. Losses in Hong Kong’s major indexes widened further: the Hang Seng Tech Index fell by more than 3%, and the Hang Seng Index’s decline widened to 2.9%.
8. Coeli, a Swedish asset management firm, has begun buying Indonesian stock market shares. This is the firm’s first allocation of assets from that country for its frontier market fund. Indonesia’s benchmark stock index is down 30% year-to-date, and global funds have net sold Indonesian equities totaling $4.7 billion this year.
1. A new report on Meta’s latest AI developments indicates that its progress in generative AI may accelerate the scale of machine-generated content production—large enough to change the content users see online and the information they trust.
2. This year, China’s quantitative investment industry has 18 fund institutions whose managed assets have each surpassed RMB 10 billion; newly added “century-billion” members include AXQ Capital, Hopeseek Fund, and others.
3. CryptoRank data shows that XRP’s cumulative gain in Q3 exceeded 43%. This marks the first time it has recorded all three months of the quarter with gains. The amount of XRP held by exchanges fell from about 12.9 billion coins in April to around 11.0 billion recently.
4. According to Nikkei, Toshiba plans to double the production capacity of hard disk drives to meet the continuously growing storage demand from AI data centers.
5. Great Wall Motor’s new Tank 300 achieved sales of 10,009 units in September.
6. AMD announced a deal of approximately $8.2 billion to bring in AI expert Fei-Fei Li. This is seen as a significant move to strengthen its AI chip and talent strategy. Meanwhile, Intel faces strong competitive pressure from NVIDIA in the AI accelerator market.
7. Losses in Hong Kong’s major indexes widened further: the Hang Seng Tech Index fell by more than 3%, and the Hang Seng Index’s decline widened to 2.9%.
8. Coeli, a Swedish asset management firm, has begun buying Indonesian stock market shares. This is the firm’s first allocation of assets from that country for its frontier market fund. Indonesia’s benchmark stock index is down 30% year-to-date, and global funds have net sold Indonesian equities totaling $4.7 billion this year.