Telecom giant announced 11,000 layoffs!
1. Vodafone Group announced 11,000 layoffs
Bloomberg reported on May 16 that telecom giant Vodafone Group’s new CEO Margarita de la Valle said that as the company cuts jobs and simplifies its corporate structure, earnings this year will be basically flat. The company said in a statement on Tuesday that it would cut 11,000 jobs as it works to turn around its German business and begin a "strategic review" in Spain .
On the same day, Vodafone Group released preliminary results for the 2023 fiscal year as of the end of March: Group revenue was 45.706 billion euros, a year-on-year increase of 0.3%; operating profit was 14.296 billion euros, a year-on-year increase of 145.9%; adjusted EBITDAaL (that is, EBITDA plus asset leasing part) to 13.3 billion euros. The company updated its financial guidance for fiscal year 2024 and expects adjusted EBITDAaL for this fiscal year to be roughly the same as the previous year, at about 13.3 billion euros.
Data show that Vodafone is a British multinational telecommunications company headquartered in London, England. It is now one of the world's largest mobile communication network companies. Its global business covers voice, data, Internet access services, etc., with more than 100,000 employees worldwide. employees.
Source: Bloomberg
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2. Buffett liquidates TSMC holdings
According to Observer.com news on May 16, the latest filing documents show that in the first quarter of 2023, Berkshire Hathaway, owned by "Stock God" Buffett, has liquidated its holdings in TSMC. Buffett previously said that geopolitical tensions were one of the considerations in deciding to reduce his holdings in TSMC. At the end of the third quarter of last year, Berkshire Hathaway bought US$4.1 billion worth of TSMC shares, but just a few months later, the company slashed its ADR holdings of more than 86% of TSMC in the fourth quarter.
According to the 13F filing published by the U.S. Stock Exchange (SEC), Berkshire Hathaway’s shareholding in TSMC’s ADR has been reset to zero. The Wall Street Journal said that Berkshire Hathaway's reversal of its investment in TSMC within a few months is "extraordinary" because many of the company's large investments have been stable for many years. In an interview with Japanese media in April this year, Buffett said that geopolitical tensions had a certain impact on reducing his holdings in TSMC. Earlier this month, Buffett once again stated at the company's shareholder meeting that TSMC is a good company, but he does not like the "geographic location" of TSMC, which is his main consideration in adjusting his investment strategy.
3. France launches judicial investigation into “planned obsolescence” of Apple products
According to CCTV News on May 16, a spokesman for the Paris prosecutor confirmed that a judicial investigation has been launched into the "planned obsolescence" of Apple products. The company is said to be planning to make its products obsolete by limiting smartphone repairs. According to Agence France-Presse, the French Association to Stop Planned Obsolescence (HOP) began an investigation into Apple in December last year, accusing the company of adopting a "serialization" program for repair parts, resulting in parts being "planned obsolete."
In the self-service repair program launched by Apple in France, users are required to enter the serial number of the device when purchasing parts for devices such as iPhone and Mac, and need to pair it with the current device during the installation process. HOP said the policy makes it possible for Apple to limit repairs to only approved technicians and limit the functionality of devices repaired with uncertified parts. Since Apple ships large and heavy tools to customers, the self-repair program could have negative environmental impacts. The Paris prosecutor's office is currently handling the investigation and has not yet formally charged Apple with any wrongdoing based on HOP's complaint.
4. New developments in Huawei and Xiaomi patent disputes
Ifeng.com Technology reported on May 16 that recently, Huawei and Xiaomi’s patent dispute has made the latest progress. The oral review announcement issued by the State Intellectual Property Office shows that Xiaomi Communication Technology Co., Ltd. filed a patent application against Huawei Technologies Co., Ltd. (application number 2010101377312, titled Method, base station and user equipment for feedback ACK/NACK information during carrier aggregation) The request for invalidation is scheduled for oral hearing on May 22. It is reported that this patent is one of the patents involved in Huawei's lawsuit against Xiaomi for patent infringement. In February this year, China Intellectual Property News published an announcement on the acceptance of administrative rulings on major patent infringement disputes.
The announcement at the time showed that Huawei claimed that Xiaomi had infringed its patents. The patents involved included four items: methods and devices for sending control signaling (Patent No.: ZL201110269715.3), methods for feeding back ACK/NACK information during carrier aggregation, base stations and User equipment (Patent No.: ZL201010137731.2); a method and terminal for obtaining panoramic images (Patent No.: ZL201380073251.6), a screen lock method and mobile terminal (Patent No.: ZL201810188201.7).
5. Tesla applies to expand Shanghai factory
Reuters reported on May 16 that Tesla has applied for regulatory permission to expand its Shanghai factory and plans to start producing soft-pack batteries for the first time, albeit in small quantities. An undated announcement said the potential expansion would boost the Shanghai Gigafactory's annual powertrain production capacity to 1.75 million units from the current 1.25 million units. It's unclear whether Tesla is committed to moving forward with the expansion or simply seeking approval for potential future production capacity, according to a notice posted on the website of the region where the factory is located.
Tesla is seeking permission to produce pouch batteries, the notice said, adding that the pilot production line will have an initial annual capacity to produce 20,000 amp-hour cells, equivalent to a single Model Y battery power box. Pouch batteries differ from the battery cells Tesla uses in its electric vehicles in that they house the battery components in more flexible metal pouches rather than rigid cylinders. Some car manufacturers, such as General Motors, use soft pack batteries. But it's unclear how Tesla will use pouch batteries, which the company has never used in its electric vehicles before.
6. Samsung applied for the "Shinebolt" and "Flamebolt" trademarks to develop special DRAM for AI supercomputers.
Phoenix Network Technology reported on May 16 that Samsung Electronics recently submitted an application to the Korean Intellectual Property Information Service (KIPRIS) to register the two trademarks "Shinebolt" and "Flamebolt" for DRAM in AI supercomputers.
According to the description of the trademark documents, these two trademarks will be used for high-bandwidth DRAM modules for high-performance computing equipment, artificial intelligence and supercomputing equipment, as well as high-bandwidth DRAM for graphics cards. Kye Hyung Kyung, President of Samsung SDS (Samsung Data), recently revealed during a lecture at KAIST that the importance of memory solutions has become increasingly prominent in the development of AI servers. Kye Hyung Kyung said that powerful memory solutions focused on artificial intelligence performance can outperform Nvidia's GPUs in certain scenarios.
7. Microsoft cloud services come under scrutiny from EU antitrust authorities
Sina Technology reported on May 15 that Microsoft's Azure cloud service has been scrutinized by the European Union's antitrust authorities. The EU's reason is that it is worried that Microsoft will use its market power to squeeze out competitors. It is reported that as part of an informal investigation, EU regulators asked its competitors and customers about possible violations of Microsoft's cloud services.
Two people familiar with the matter said on condition of anonymity that EU antitrust authorities want to know whether Microsoft is using the confidential information to compete with cloud service providers in the market. Subsequently, Microsoft announced a new set of artificial intelligence solutions and improvements to provide better cloud services for nonprofit organizations. Microsoft said the new AI suite is designed to transform the nonprofit industry and the way fundraisers engage with donors, manage campaigns and optimize operations.
8. Kyocera announced its withdrawal from the mobile phone market
Global News reported on May 16 that Japanese mobile phone brand Kyocera announced that it will withdraw from the consumer mobile phone business and will focus on providing services to corporate customers. According to the financial report released by Kyocera, in February this year, Kyocera lost 2.27 billion yen. As profitability declined, the company said it had to take some measures and chose to cut consumer products. Kyocera President Hideo Tanimoto said, "We can no longer find mass-market sales." Kyocera has been producing mobile phones since 1989 and has also been involved in various fields. It not only produces technical ceramics, but also has electronics, telecommunications and other businesses. However, it eventually lost out in the competition in the smartphone market.
This exit marks the company’s failure in the smartphone market. It is worth noting that in 2001, Kyocera formed a joint venture with China Zhenhua Technology to establish Kyocera Zhenhua Communication Equipment Company to produce mobile phone terminals and sell them in the Chinese market. However, due to the lack of price advantage, it was difficult to open the market. Finally, in 2008, Kyocera announced its withdrawal from the Chinese mobile phone market. However, even in the local market, Kyocera failed to compete with local manufacturers such as Sony and Sharp, or brands such as Apple, Xiaomi, and OPPO, and was gradually marginalized.
9. China Mobile completed the verification of direct connection of 5G mobile phone terminals to the satellite laboratory
"Securities Times" reported on May 16 that recently, China Mobile Research Institute, together with industry partners such as OPPO, ZTE, Keysight, etc., jointly completed laboratory testing and verification of direct connection of 5G mobile phone terminals to satellites. Based on the completion of the world's first operator terminal direct-connection satellite field test in August 2022, this test verification will carry out the first domestic IoT-NTN satellite communication 5G mobile phone test verification for enhanced feature solutions such as capacity, delay, and speed. , with good performance.
This laboratory test verified the ability of 5G mobile phone terminals to directly connect to satellite technology, provided guidance for the commercial implementation of IoT NTN technology, and helped build a space-ground integrated network with ubiquitous connections, rich scenarios, and highly integrated industrial chains.
10. 360 will launch the 100-billion-level language model 360GLM
On May 16, the official WeChat public account of 360 announced that it had reached a strategic cooperation with Zhipu AI to jointly develop the 100 billion-level large language model 360GLM. 360 officially stated that the 100-billion-level large language model 360GLM developed by it and Zhipu AI has reached the level of a new generation of cognitive intelligence general model. 360 is committed to implementing the artificial intelligence development strategy of "two wings flying together + four channels concurrently". It claims that through 360's intelligent core technology and advantageous scenarios, large model technology can obtain more extensive and in-depth implementation scenarios, empowering more industries.
Zhou Hongyi said that China should establish an industry-research collaborative innovation model of large technology companies + key scientific research institutions, and create China's "Microsoft + OpenAI" combination to lead large-model technology research. He said that this cooperation with Zhipu AI draws on this collaborative relationship between industry and research. Through this cooperation, 360 has formed a large-scale model layout driven by independent research and development + cooperative research and development "dual engines".
11. It is reported that OpenAI is preparing a new open source AI model
According to the Financial Associated Press on May 16, according to people familiar with the matter, OpenAI is preparing to release a new open source language model to the public. Currently, open source alternatives to ChatGPT are emerging, and it is unlikely that OpenAI will release a model that competes with ChatGPT. Microsoft Corp. announced a multibillion-dollar investment in OpenAI in January, deepening ties with the startup and setting the stage for more competition with rivals.
At present, OpenAI's valuation is nearly 30 billion US dollars, which contains huge potential, but also contains many uncertainties. At present, in addition to Microsoft, Alphabet and Meta have launched similar products, and large companies such as Apple are also eager to join the competition, hoping to develop their own artificial intelligence products.
12. Xiaoice Company launches “GPT Cloning Project”
On May 16, Xiaoice announced the launch of the "GPT Cloning Project", which allows celebrities, experts, scholars, or ordinary people to create AI clones based on their personality, skills, voice, and appearance by collecting data in as little as three minutes. people. Clones can conduct real-time emotional interaction, provide AIGC capabilities, and even have their own circle of friends, just like a second life for humans in a parallel world. The first batch of clones will use the Xiaoice framework hybrid large model solution, which can run on the cheapest T4 GPU without the need for high-end chips such as A100. In the neural network rendering part, Xiaoice technology does not require a GPU, but runs on the CPU.
The plan has now started registration in China and Japan, and the first batch of human clones will be online within a month. Due to personal privacy data security and ethical considerations, the first batch is limited to 300 places. According to the data, XiaoIce is a company under Microsoft dedicated to AI. In July 2020, Microsoft announced that it would spin off the artificial intelligence XiaoIce business into an independent company. Currently, XiaoIce has a complete technical framework covering natural language processing, computer speech, computer vision and artificial intelligence content generation, and is a global leader in open domain dialogue, multi-modal interaction, neural network rendering and content generation.
13. Ministry of Industry and Information Technology: "Intelligent Connected Vehicle Standard System" will be officially released and implemented in the near future
According to Cailian News on May 16, at the 2023 China (Yizhuang) Intelligent Connected Vehicle Technology Week and the 10th International Intelligent Connected Vehicle Technology Annual Conference, Miao Changxing, a first-level inspector of the Equipment Industry Department of the Ministry of Industry and Information Technology It said that the Ministry of Industry and Information Technology will resolutely implement the decisions and arrangements of the Party Central Committee and the State Council, adhere to the integrated development route of vehicle, road and cloud, strengthen overall coordination and innovation, strengthen innovation drive, optimize policy supply, and jointly promote the high-quality development of the intelligent connected automobile industry.
In terms of improving standards and access management, the "Intelligent Connected Vehicle Standard System" will be officially released and implemented in the near future, speeding up the formulation of more than a dozen key and urgently needed standards, strengthening cross-industry and cross-field standards collaboration, and holding the "World Vehicle Regulations Coordination Forum" , deeply participate in the formulation and coordination of international standards and regulations, accelerate the launch of smart connected vehicle access and road implementation pilots, support the commercial application of L3 and above autonomous driving functions, and promote the increase in C-V2X terminal deployment rate.
The content of this article is compiled from ifeng.com Technology, Wall Street Journal, CCTV News, Observer.com, Sina Technology, Bloomberg, Reuters, Cailianshe, Huanqiu.com, AI Xiaobing , etc. It is for communication and learning purposes only. If you have any questions, Please contact us at info@gsi24.com.
Editor|Jessica
Editor|Valencia
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