An employee was fired for not participating in the company's running event. The latest statement: working overtime for 12 consecutive days; It was revealed that Chinese manufacturers were unable to place orders for Nvidia chips, and the official response; Former Chinese richest man Zhao Changpeng will be released from prison
Latest update time：2024-09-23
Reads：
Important news
NEWS REMIND
1.
Qualcomm is reportedly interested in acquiring Intel, which may become the largest technology merger and acquisition in history. Guo Mingchi: It may be a disaster for Qualcomm
2. Apple and Huawei go on sale on the same day: iPhone 16 Pro scalpers add 300 yuan to the price, Huawei's three-fold official website is sold out in seconds, and the channel premium exceeds 20,000 yuan
3. Yu Chengdong: Huawei PCs no longer use Windows and can completely replace American components
4. Some dealers said that Nvidia's China-specific chip H20 is no longer available for order and may be discontinued. Nvidia responded
5.
After the US game developer Take-Two laid off 5% of its employees, the chairman and president received a bonus of more than 300 million yuan
6.
Qualcomm will lay off hundreds of employees based on its "diversification strategy", affecting employees in 16 factories
7. Zhao Changpeng, the former richest Chinese and founder of Binance, confirmed that he will be released from prison soon. He was previously sentenced to 4 months in prison and his net worth exceeds 230 billion yuan
Today's headlines
HEADLINE NEWS
Qualcomm is reportedly interested in acquiring Intel, which may become the largest technology merger and acquisition in history. Guo Mingchi: It may be a disaster for Qualcomm
On September 21, according to people familiar with the matter, Qualcomm had approached Intel about an acquisition. People familiar with the matter said that the negotiations were conducted in recent days and the deal is still far from being finalized. In fact, there was news last month that Qualcomm and Intel had communicated, but at that time it was said that Qualcomm was very interested in "part of Intel's design business." Analysts pointed out that if Qualcomm's acquisition of Intel is finally successful, it will become one of the largest technology mergers and acquisitions in history.
Affected by the news, Intel's stock price closed up 3.3%, while Qualcomm's fell 2.9%. It is reported that Qualcomm's market value is 188.1 billion US dollars (currently about 1.33 trillion yuan), about twice that of Intel (93.1 billion US dollars). CNBC later confirmed the news from other channels, but it is not clear what the details of the negotiations between the two parties are, nor what the conditions of the dialogue are.
In this regard, Ming-Chi Kuo, Apple analyst at Tianfeng International, said that judging from Intel's market value of about $93 billion, this merger will put great financial pressure on Qualcomm and will have an immediate negative impact on profitability. Net profit margin may drop from the current 20%+ to single digits or even losses (wafer foundry business is the biggest burden). In addition, considering the subsequent antitrust investigations in various countries, this merger is unlikely to be completed in the short term. In this way, Qualcomm should not have a strong motivation to acquire Intel. If this merger happens, it may be a disaster for Qualcomm.
Intel was once the world's largest chipmaker, but has been on a downward spiral for years, with the decline accelerating in 2024. In August, Intel reported disappointing earnings and its stock price suffered its biggest one-day drop in more than 50 years. Its stock price has fallen 53% this year as investors have expressed doubts about the company's costly chip manufacturing and design plans. (21 Finance, Titanium Media, Bianniu Shi)
Domestic Information
DOMESTIC NEWS
Apple and Huawei go on sale on the same day: iPhone 16 Pro scalpers add 300 yuan to the price, Huawei's three-fold official website is sold out in seconds, and the channel premium exceeds 20,000 yuan
On September 20, the iPhone 16 series was officially released in major stores. The iPhone 16 series had previously been pre-sold on September 13, and many netizens posted on social media that night, saying that the Pro Max series was sold out in seconds. However, according to reports, some scalpers said that this year's popular model is Desert Gold, with a 500 yuan increase on the Pro Max 512G and a 600 yuan increase on the sale, and a 700 yuan increase on the 1T and a 800 yuan increase on the sale. According to reports, scalpers defaulted to accepting Pro Max and refused to accept 16 Pro. One scalper said: "You can add 50 yuan to the Pro for personal use, but if you can't sell it, the price will drop in the afternoon and you will lose money." Another scalper lamented, "Last year there was an 800 yuan increase, but this year there is no more. The gold is okay, it's the same concept as last year's blue."
At 10:08 on the same day, Huawei's first three-fold mobile phone, Mate Xt, was officially launched. Among them, the Huawei Mate XT, which starts at 19,999 yuan, was sold out in seconds. Many stores in many parts of the country said that they can only accept pre-orders at present. The specific arrival date is uncertain, but "it will be slow." Since the pre-order was opened in early September, the number of people who have made reservations to purchase on Huawei Mall has exceeded 6 million. Yu Chengdong, chairman of Huawei Terminal BG, said that the sales of three-fold mobile phones have far exceeded expectations, and the team is working overtime to expand production capacity.
According to offline dealers and e-commerce channels, the normal premium of Huawei Mate XT is around 20,000 yuan. A customer service representative of a Taobao store said that the official price of the Ruihong 16GB+512GB version is 21,999 yuan, but if you want to get it quickly, the price is 42,999 yuan. (Tencent Technology, Jiemian News)
Yu Chengdong: Huawei PCs no longer use Windows and can completely replace American components
On September 20, Yu Chengdong said in the CCTV live broadcast room that the current Huawei PC will be the last batch of laptops equipped with Windows. During the live broadcast, Yu Chengdong revealed that "due to the impact of sanctions, the current Huawei PC may be the last batch of laptops equipped with Windows system, and there will be PC products with Hongmeng system in the future." Before this, some netizens shouted: "Mr. Yu, please bring Hongmeng PC to the market quickly. Western x86 is always unreliable. Hongmeng PC has done a good job in writing code and editing, and I believe it will have a lot of audiences."
In Yu Chengdong's view, Huawei has long been reducing or even eliminating Americanization in many of its product components. "We don't need to use American components because we have completely replaced them. This is caused by the US sanctions. Otherwise, we used a lot of American components before, but now we have greatly reduced them, or even completely replaced them."
At present, the interface of Hongmeng PC version has appeared on Huawei's official developer website. It adopts a solution similar to Mac, with the status bar at the top and the Dock bar at the bottom, which can be used to place commonly used functions and applications. It is more convenient and beautiful than Windows. It is worth noting that the picture also shows that the application of Hongmeng PC version will be consistent with that of mobile phones and tablets. The experience of the entire ecosystem will be very coordinated and similar to Apple. (Fast Technology)
Some dealers said that Nvidia's China-specific chip H20 is no longer available for order and may be discontinued. Nvidia responded
On September 22, rumors that Nvidia's China-specific chip H20 might be discontinued have been circulating in the industry in recent months, and the fate of this chip has once again become a focus of attention. A few days ago, some dealers said that they could no longer place orders for H20 chips, and some terminal manufacturers said that some domestic dealers no longer accept H20 orders. An industry chain insider said that Nvidia stopped accepting H20 orders last month, but there was no explicit notice. "To be precise, we are waiting for the latest news. Production is unlikely to be scheduled. Although there is no clear instruction, it is basically like this. Maybe some customized needs of customers can still be met."
Another AI manufacturer also said, "Nvidia has indeed stopped accepting H20 orders from some manufacturers recently." Many industry chain people, including Internet manufacturers, large model manufacturers, and chip suppliers, said that they have heard that H20 will be discontinued, but Nvidia is still trying to get it. However, many manufacturers also reported that a large number of H20s have arrived recently, and the arrival this year has exceeded the annual shipment expectation of about 400,000.
At present, NVIDIA has not responded to this matter. According to previous reports, the performance of NVIDIA H20 is about one-sixth of H100, but the price has not been significantly reduced, so the cost performance is not high. H20 is a "special supply" version launched by NVIDIA for the Chinese market, with the aim of complying with the new US export control regulations. According to analysis, H20, L20 and L2 contain most of NVIDIA's functional features for AI work, but in order to comply with the new rules, these three new products have reduced computing power; however, in LLM reasoning, it is still more than 20% faster than H100. On the evening of September 20, some media sought a response from NVIDIA and received the reply: "No comment on rumors." (IT Home, Titanium Media)
Cisco China offers N+7 compensation for layoffs. Former employees: humane compensation measures. Some colleagues traveled around with the compensation money.
On September 22, it was reported that Cisco plans to launch a new round of layoffs this year, which is estimated to affect 4,000 employees, and employees in China are also affected. According to reports, through confirmation from multiple laid-off employees, Cisco Dalian Branch has issued an official notice of layoffs. Cisco's layoffs are mainly aimed at the project departments of Dalian Branch that serve Japanese and Korean customers, involving nearly 300 full-time employees. There are two options for layoff compensation: one, resign directly after receiving the notice, "N+7"; two, delay for two months, "N+5" ("N" represents the number of years the employee has worked in the company. For every full year, the company will pay one month's salary as compensation; and "+7" and "+5" usually refer to additional fixed months of compensation).
Other media reported that regarding the compensation, a former Cisco employee in Shanghai said: "N+7 compensation is already very humane. Many of my colleagues have worked at Cisco for more than ten years. After being laid off, they used the compensation to travel around." An employee in Dalian, who has not been laid off for the time being, said: "It is still relatively safe for now, but people are also panicking now." There are also reports that most of Cisco's overall business may be transferred to India or Japan in the future.
It is reported that Cisco is a global network solution provider with its headquarters in San Jose, California, USA. It was founded in 1984 by a couple of teachers from Stanford University. Currently, Cisco has 80,000 employees worldwide and its product sales market covers the world. However, the financial report shows that Cisco's total revenue and net profit in fiscal year 2024 fell by 6% and 18% year-on-year respectively. This is the first time that Cisco's revenue has fallen since 2020, which is also one of the reasons that guided Cisco to lay off employees, reduce costs and increase efficiency. (Daily Economic News)
Management trainee was fired for refusing to run 10 kilometers on weekends. The person concerned said: I have been working overtime for 12 consecutive days
Recently, an incident about a fresh graduate being fired for refusing to participate in the weekend running activities organized by the company has attracted widespread attention. According to a post by the person involved, Mr. Zhang, he joined a Beijing network technology company on July 22, 2024 as a management trainee, and the company informed him that the probation period was 6 months. He had been employed for more than 40 days, and the company had organized outdoor running for employees three times. However, he refused to participate in the company's running activities twice in a row, and finally received a unilateral termination notice from the company on September 4.
It is reported that the first time was at 9 pm on August 21, when employees were required to run 5 kilometers and emphasized that "groups or individuals who do not participate in the running and clocking in will be treated as absenteeism"; the second time was 10 days later, when the company leaders invited employees to run at 7 am on August 31 (Saturday). "I went to run the first time. The second time, I was very tired after working for 12 consecutive days, so I didn't go." On September 2, the company notified all management trainees to choose one day on the 2nd or 3rd to run 10 kilometers in the evening and clock in. Xiao Zhang was interviewed and persuaded to leave by the company on the afternoon of September 3 because he did not clearly respond to the running date. On September 4, Xiao Zhang received the company's "Notice of Termination of Labor Contract".
Mr. Zhang also revealed that on September 3, he was interviewed by the company's manager, Mr. Zhu, and persuaded to quit. During the interview, Mr. Zhu said that organizing running activities is to enhance the team's combat effectiveness and cohesion, and allowing employees to sign up and participate voluntarily is actually a way to select employees with strong initiative. After the incident, Mr. Zhang filed a labor arbitration with the Labor Arbitration Committee on September 12, and the case is currently in the pre-trial mediation stage. Mr. Zhang provided the media with a recording of the interview as evidence. Mr. Zhu's remarks in the recording further confirmed the company's attitude and explanation on the matter. (Morning News)
Official media refutes rumor that Apple iPhone was remotely detonated: video from more than 10 years ago, edited out of context by self-media
September 22 news: Recently, the explosions of communication equipment such as pagers and walkie-talkies in many places in Lebanon have attracted global attention. Subsequently, a video of an Apple phone being remotely detonated began to circulate on social media at home and abroad, causing many netizens to start worrying.
According to media reports, the video of the Apple phone being detonated that is currently circulating was edited out of context by a self-media account.
After verification, it was found that this video was from an account of a civilian technology enthusiast in the United States more than 10 years ago.
The
account
was making a high-voltage pulse generator at the time. This device can cause damage to objects through high-voltage current.
At the request of netizens, the blogger would take mobile phones and other items to this device for destructive tests, including Apple phones, and the first generation of Apple phones were used at the time.
According to media reports, Apple phones sold through official channels in China must undergo multiple inspections and approvals from relevant departments before they can be put on the market. (Global Times)
A new record for domestic 3A games was set: Black Myth: Wukong has sold over 20 million copies, with a total revenue of over 6.7 billion yuan
It is reported that one month after the launch of the domestic 3A game "Black Myth: Wukong", according to the latest disclosure by the well-known foreign data analysis company VG Insights, the sales of "Black Myth: Wukong" on Steam have astonishingly exceeded 20 million, and the total revenue has jumped to US$961 million (equivalent to more than RMB 6.79 billion), marking the birth of a new milestone in the domestic 3A game field.
It is worth noting that Black Myth: Wukong is not limited to the Steam platform, but also simultaneously landed on WeGame, PlayStation and Epic platforms, further broadening its market coverage. Based on this, industry organizations optimistically predict that the game's annual sales are expected to reach 30 million to 40 million copies, and the corresponding total revenue will be between 10 billion and 14 billion yuan.
Previously, game producer Feng Ji revealed that the development cost of "Black Myth: Wukong" exceeded 20 million yuan per hour, and the team estimated that the game would last more than 20 hours, so the overall development cost would be at least 300 to 400 million yuan. (Mobile China)
Zhejiang strongly supports the development of "Black Myth: Wukong": the government canteen delivers meals to Youke every day
Recently, Dragon TV's latest program "Yangtze River Delta Living Room" discussed the secret of the popularity of "Black Myth: Wukong". It mentioned Zhejiang's strong support for Youke. Not only did it set up the company in the "E-Chuang Town" with mountains and rivers, but it also arranged for the government canteen to deliver meals to them every day. It can be said that they are treated very well.
In addition, a netizen on Tieba found a post from June, when someone took a photo of a car delivering food to Game Science, which was about the standard of 6 dishes. Other TV programs also mentioned that the Hangzhou government also provided medical services to Game Science's main creators and their families to ensure that they could focus on developing games. Hangzhou has thus become the biggest winner of the success of "Black Myth". (Fast Technology)
Dong Mingzhu said that the biggest difficulty for ordinary people is to get a lot of mortgage loans: the past specialty stores can no longer survive, Gree will persist
On September 22, Dong Mingzhu, chairman of Gree Electric Appliances, said in an exclusive interview with the media that "exclusive stores in the past can no longer survive." Closing dealer stores is an easy way, but it is not the only way. She wants a win-win situation. "We also need to consider the issue of employment stability, so we have been advocating that exclusive stores should continue to open, mainly to study how to connect exclusive stores with our online stores." Dong Mingzhu believes that in the process of development, enterprises must also integrate with the entire society. Enterprises are not only about making money, but more importantly, they contribute to society.
In an interview, Dong Mingzhu said that ordinary people and entrepreneurs often feel lost in the face of great changes. "In fact, this is based on our own feelings, such as the current employment problem, the growth rate of our income and prices, and the biggest difficulty we have is that everyone has taken out a lot of mortgage loans to buy houses. This may be an important reason for everyone's lack of confidence. I think since it has already happened, we must face it bravely. At least I think we are now asking everyone to continuously improve their living standards." (Phoenix Finance)
Apple customer service responded to the iPhone 16 using a steel shell battery: There is no problem with the device
On September 22, after the iPhone 16 series was released, a blogger disassembled the Pro version.
The blogger found that the battery of the Pro version of the iPhone 16 used a steel shell, and leakage and heating occurred during disassembly.
In addition, the explosion of communication equipment in Lebanon has aroused public concerns about the safety of mobile phones and other terminals.
Many netizens have associations and doubts about this, saying that "If they are reluctant to give you a
card
pin, how can they use a steel shell?
" Some "conspiracy theories" have even emerged, saying that Apple is "setting up a game."
In response, Apple's official customer service said that the technical consultant said that it was impossible to verify the authenticity of the information circulating online, but Apple's products will undergo a strict quality inspection process before leaving the factory, and will only be released if there are no problems. If there are remote detonations or something like that, the country will not allow it to be sold, so the device is definitely fine. (Titanium Media)
The court auctioned a bottle of Sprite for 4.2 yuan, and only allowed self-collection. The boss worth tens of millions of yuan said: The company is bankrupt and there is no more property available for execution.
On September 22, the People's Court of Dafeng District, Yancheng City, Jiangsu Province, announced an auction on the auction platform. The auction object was a bottle of Sprite soda, with a starting price of 4.2 yuan and a market price of 6 yuan. The auction information noted that it could only be picked up by yourself, not by mail. Many people were surprised that the court auction had such a low-priced product. One of the owners of the large bottle of Sprite soda is a legal person of a biotechnology company and a marine food company in Jiangsu. The registered capital of the two companies is 5 million yuan and 1.725 million US dollars respectively, with a total registered capital of more than 10 million yuan.
One of the owners of the large bottle of Sprite is a legal person of a biotechnology company in Jiangsu and a marine food company. The registered capital of the two companies is RMB 5 million and USD 1.725 million respectively, with a total registered capital of over RMB 10 million.
Mr. Chen, one of the persons subject to execution,
said
helplessly
that the company has gone bankrupt and he has no more property to be executed. For the future, Mr. Chen still hopes to work hard to change.
In the past auction records of the Dafeng District People's Court of Yancheng City, there have been successful auctions of expired glass water for 4.08 yuan, a weight scale for 5 yuan, and a vegetable washing basin for 7 yuan. (Cover News)
WeChat Moments now supports posting live photos, WeChat official: Android will have to wait
According to Tencent WeChat Pie, WeChat Moments can now post Live Photos. Open Moments and select from the phone album to select and post Live Photos, which will include dynamic images and sounds. When posting, you can also click to turn off the Live effect, and support mixed posting of static photos and Live Photos. Currently, the function is gradually being covered in iOS 8.0.51 and above, and users can use it after they have updated and are covered.
It is worth noting that Android users cannot use this feature for the time being. WeChat customer service said that Android users will have to wait a little longer. Currently, OPPO users can post live photos on Xiaohongshu. On the Xiaohongshu platform, there will be a "LIVE" logo in the upper left corner of the live photo, and automatic playback can be turned on or off. Android phones can view Xiaohongshu's live photos, but cannot post them directly. The brand and Xiaohongshu need to work together to adapt. (Fast Technology)
Cai Lei, former vice president of JD.com and an ALS patient, donated to Tsinghua University to support ALS research: His relationship with Tsinghua University has lasted for many years
According to official news from Tsinghua University, on the afternoon of September 20, a donation ceremony was held in the Science Building of Tsinghua University School of Basic Medicine by Cai Lei, former vice president of JD.com, chairman of Beijing Aiskang Medical Technology Co., Ltd., and founder of the Gradual Healing Mutual Aid Platform. The donation aims to promote the scientific research progress of ALS, a global medical problem.
Cai Lei, Chairman of Beijing Aiskang Medical Technology Co., Ltd. and founder of the Healing Mutual Aid Home platform, attended the donation ceremony online and delivered a speech. Wang Hongwei, Vice President of Tsinghua University, and Duan Rui, Cai Lei's wife and founder of the Ice Breaking Station live broadcast platform, attended the donation ceremony and delivered a speech. More than 40 experts and scholars in the field of neuroscience and teachers and students from the school attended the donation ceremony.
At the Cai Lei-Tsinghua University Basic Medical School Donation Ceremony, Cai Lei delivered a speech, saying that his fate with Tsinghua University has lasted for many years. After being diagnosed with ALS in 2019, he has continued to maintain close scientific research discussions with many Tsinghua University professors. According to previous reports, Cai Lei and his wife donated 100 million yuan on January 27 this year to support basic research, drug development, clinical medical research and other scientific research projects on ALS. (IT Home)
International News
FOREIGN NEWS
After the US game developer Take-Two laid off 5% of its employees, the chairman and president received a bonus of more than 300 million yuan
On September 22, it was reported that despite Take-Two Interactive laying off 5% of its employees this year, Chairman Strauss Zelnick and President Karl Slatov still received $43 million (currently about 303 million yuan) from their management fund ZMC. In a recent letter to shareholders, Zelnick was confident about the "tremendous growth" in the coming years, especially considering the upcoming release of GTA 6. However, after laying off 550 employees and spending $460 million on Gearbox, Zelnick and Slatov also received $25 million in "performance-based bonuses" for their management fund ZMC.
In February, Zelnick said Take-Two had "no plans for major layoffs at this time," but a month later, Take-Two acquired Borderlands studio Gearbox for $460 million. Less than three weeks later, the company conducted major layoffs, laying off 550 employees and expecting to save up to $165 million. These layoffs occurred just ten days after the end of the fiscal year, and in the same fiscal year, ZMC received $25 million worth of "performance-based" restricted stock units, although these plans had been discussed since at least February of this year.
Under the 2022 management agreement, Zelnick may not receive more than 60% of the total compensation paid to ZMC, and Slatov may not receive more than 40%. They both also receive $1 per year in salary from Take-Two Interactive, which entitles them to "certain and other program benefits." (IT Home)
Qualcomm to lay off hundreds of employees in 16 factories as part of 'diversification strategy'
Chipmaker Qualcomm is expected to lay off employees later this year as it undergoes a "strategic shift" in its business and resources, according to reports. This makes Qualcomm a new "giant" in the wave of layoffs, laying off more than 1,000 employees this year alone. According to a California WARN notice released this week, Qualcomm will lay off 226 employees in San Diego, including those at the company's headquarters.
It is reported that the layoffs will affect 16 different facilities in San Diego, but the company has not yet disclosed the specific departments affected. Although the company's revenue has achieved significant growth as early as 2023, it has laid off more than 1,250 employees this year alone as part of its restructuring policy. The following is the response to the layoff decision issued by the company's representative, "Our leading technology and product portfolio lays the foundation for us to implement our diversification strategy. As part of the normal business process, we prioritize and adjust investments, resources and talents to ensure that we are in the best position to take advantage of the unprecedented diversification opportunities before us." (cnBeta)
Apollo is said to be considering investing $5 billion in Intel. Broadcom has also evaluated the acquisition, but has not yet made an offer.
Apollo Global Management, a well-known US asset management company, has reportedly proposed a large investment in semiconductor giant Intel Corporation, which could be as much as $5 billion. According to a person familiar with the ongoing discussions, Apollo is considering making a quasi-equity investment to strengthen Intel's financial position.
The move comes as Intel executives are actively reviewing the terms and potential impact of Apollo's proposal. However, it is important to note that negotiations are ongoing and no final agreement has been reached. The specific amount of the investment has not been determined and the number may change. In addition, the discussions may not lead to a final transaction. People familiar with the matter said that Intel executives have been considering Apollo's proposal.
In addition, people familiar with the matter said that Broadcom had previously evaluated a potential acquisition offer for chipmaker Intel, but has not yet evaluated an acquisition offer for Intel. Advisors will continue to present ideas to Broadcom. Broadcom's potential acquisition of Intel may face regulatory challenges because Broadcom's planned acquisition of Qualcomm was forced to shelve in March 2018 when the US government blocked the deal for national security reasons. (Jiwei.com)
TikTok reshuffles leadership, global marketing chief to leave
On September 21, according to an internal memo sent to employees by TikTok, the short video app has undergone a leadership reshuffle, and Kate Jhaveri, global marketing director, will leave the company this month. The memo shows that TikTok is gradually eliminating Jhaveri's position. Starting next Monday, all employees in TikTok's global brand and communications department will report only to Zenia Mucha. Jhaveri has served as chief marketing officer at the NBA and video streaming platform Twitch and has not yet commented on her resignation. Mucha previously served as chief communications officer at Disney for 19 years.
"Javeri and I have been discussing our marketing strategy and how best to structure the marketing function to create a more cohesive organization that can better meet the needs of the business and cross-functional partners," Mucha said in the memo. "We have collectively decided that the best way to achieve this vision is to eliminate the position of global head of marketing and bring all employees in the global brand and communications department under one leader." Now, Zuber Mohammed will be responsible for TikTok consumer marketing, while managing the product marketing and user communications teams, reporting to Mucha.
TikTok has undergone several major organizational changes in recent months, and carried out a round of layoffs in May to reorganize its operations and marketing teams. According to LinkedIn, Hilary McQuaide, the company's former vice president of global communications, also left the company in the same month. (Phoenix Network Technology)
Zhao Changpeng, the former richest Chinese and founder of Binance, confirmed that he will be released from prison soon. He was previously sentenced to 4 months in prison and his net worth exceeds 230 billion yuan.
According to the official website of the U.S. Federal Bureau of Prisons, Zhao Changpeng's current location has been updated to the Long Beach Residential Reentry Management (RRM) in central California. This means that he is undergoing preparation and assessment before returning to society. If everything goes well, he will return to society on September 29.
Earlier, U.S. prosecutors said in a court document on April 23 local time that Zhao Changpeng should serve 36 months in prison after admitting to violating anti-money laundering laws. Zhao Changpeng resigned as CEO of Binance in November last year, when he admitted to the violation and the company agreed to accept a fine of $4.32 billion.
At the end of 2021, with the surge in Bitcoin and many other cryptocurrencies, Zhao Changpeng was ranked the richest Chinese with a net worth of US$94.1 billion (about RMB 634.8 billion). According to the Forbes rankings, as of April 2024, Zhao Changpeng still has a fortune of more than US$30 billion (about RMB 239 billion). (Securities Times)
Former Apple design director confirms that he is developing a new device with OpenAI, and a veteran of the iPhone has joined
On September 22, it was reported in April this year that OpenAI CEO Sam Altman and former Apple design director Jony Ive jointly designed AI hardware for individuals and are currently seeking external investment. Ive himself confirmed this in an article in the New York Times on September 21.
The report said that Ive met Altman through Airbnb CEO Brian Chesky, and the project was funded by Emerson Collective, the company of Ive and Laurene Powell Jobs (Steve Jobs' widow). The report mentioned that by the end of this year, the new company may raise $1 billion (currently about 7.055 billion yuan) in funds, but the report did not mention SoftBank CEO Masayoshi Son, who was rumored to have invested $1 billion in the project last year.
It is reported that there are only 10 employees on the project, but they include Tang Tan and Evans Hankey, two key figures who worked with Ive to develop the iPhone. As for what the product itself is, there were rumors last year that it was inspired by touch screen technology and the first generation iPhone, but this news has not been confirmed. (IT Home)
Apple CEO Tim Cook: I hope you love the iPhone 16 series as much as we do
On September 21, Apple CEO Tim Cook posted a message on his official Weibo account to celebrate the official launch of Apple's latest product, the iPhone 16 series. Cook wrote: "I'm glad that Chinese customers can experience our new product series! I hope you love them as much as we do."
Apple officials said that in order to meet the needs of consumers, they have made sufficient preparations in advance and will increase supply across the country to ensure that every customer can purchase their favorite products in a timely manner. At the same time, Apple also promised to continue to improve the quality of after-sales service and provide users with a more comprehensive and considerate service experience. (Global Network Technology)
Boeing's top management shakeup: Defense and space CEO fired
On September 22, it was reported that Boeing fired Ted Colbert, CEO of its Defense, Space and Security Group, on September 20, local time, after experiencing the failure of the Starliner spacecraft and the loss of government contracts. Steve Parker, the group's chief operating officer, will temporarily take over the position. Boeing CEO Kelly Ortberg announced the decision in an email to employees on the 20th, saying that the company's current focus is on rebuilding consumer confidence. According to Reuters, this is the first management adjustment since Ortberg took office in early August.
Colbert worked at Boeing for 15 years, served as chief information officer, and was responsible for Boeing's global services business. During his tenure as CEO of the Defense, Space and Security Group, Colbert faced challenges such as government contract losses and failures of the "Starliner" spacecraft. According to the Associated Press, the group has lost $6 billion since the beginning of 2022 and is facing cost overruns. Many projects in cooperation with the government or the military are in a loss-making state, including the construction of the new "Air Force One" presidential plane and the Air Force's aerial refueling tanker.
Boeing's "Starliner" spacecraft had multiple technical failures, resulting in two astronauts being stranded on the International Space Station for several months, while their original stay was only one week. In addition, 33,000 Boeing union members went on strike in the middle of this month, and Boeing's commercial aircraft production was almost halted, affecting the production of multiple models of passenger aircraft such as the 737 and 777. (CCTV News)
Nvidia CFO Chris Collett sells nearly $16 million worth of stock
On September 22, a document submitted to the U.S. SEC showed that Kress Colette, executive vice president and chief financial officer (CFO) of Nvidia, sold nearly $16 million worth of company stock this week. The document showed that she sold 68,909 shares of Nvidia stock on September 18, worth about $7.93 million, and sold 66,670 shares on September 20, worth about $7.77 million.
In addition, Nvidia's chief accounting officer Donald Robertson sold 11,472 shares of the company's stock this week, worth about $1.33 million. Nvidia's stock price fell 1.59% on Friday, closing at $116.00, and has fallen 8.8% in the past month. As of mid-September, Nvidia CEO Huang Renxun has sold nearly 6 million shares of the company's stock in the past three months, worth about $700 million. (IT Home)
Tata Group and ADI form strategic alliance to explore setting up chip manufacturing plant in India
On September 22, according to media reports, India's Tata Group recently announced a strategic alliance with global analog chip giant ADI (Analog Devices Inc.) to jointly explore the possibility of establishing a chip manufacturing plant in India.
According to the memorandum of understanding signed by both parties, Tata Electronics, Tata Motors and Tejas Networks under the Tata Group will cooperate with ADI. The two parties will explore opportunities to conduct semiconductor manufacturing business in India, as well as adopt ADI products in Tata Motors' electric vehicles and Tejas' network infrastructure. In addition, the two parties also plan to have in-depth discussions on the strategic roadmap. (Core Intelligence)
Musk has appointed a legal representative in Papua New Guinea for the ???? platform
According to foreign media, Musk's social media platform ???? was banned by the Brazilian government for several days because it refused to comply with the ruling of Brazilian Supreme Court Judge De Morais. Bloomberg and Reuters reported on the 21st local time that Musk had made concessions and decided to comply with the order of the Brazilian Supreme Court and appoint a new legal representative in Brazil for the ???? platform. (The Paper)
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