Today's headlines
HEADLINE NEWS
It is reported that an employee of IBM Greater China was fired for no reason. A 15-page open letter reported the chairman: misconduct, bribery, violation of confidentiality agreement, etc.
Recently, IBM China Chairman Chen Xudong has become the focus of attention due to an open letter from an internal employee. In the letter, the employee made serious accusations against Chen Xudong for many behaviors, including taking employees and business partners to karaoke in nightclubs, violating company policies, accepting bribes, violating confidentiality agreements, etc. It is worth noting that the open letter is 15 pages long, rich in content, and also uses an English version, which makes it particularly "high-end".
It is reported that the trigger of the incident was that the employee was suddenly terminated by the chairman. On the afternoon of September 30, 2024, the employee was busy with work at the end of the quarter, and suddenly received a notice from the chairman, announcing that the employee's third-quarter performance did not meet the target and decided to terminate the contract. The employee was shocked by this because his historical performance at IBM had always been excellent, but he was suddenly fired. So the employee was dissatisfied with the chairman's behavior and wrote an open letter to accuse the chairman of misconduct, leaking secrets, accepting bribes, and retaliating.
The open letter made serious accusations against Chairman Chen Xudong's behavior and demanded that he be held accountable. At the same time, the IBM employee also stated that he would reserve the right to report possible violations to government agencies. IBM has not yet made an official response to this matter. (Phoenix Network Technology)
Domestic Information
DOMESTIC NEWS
Dingdong Maicai's 42-year-old warehouse manager died suddenly in a rental house. He worked 12-hour night shifts for many days before his death. The third-party company said it was willing to compensate humanitarian
Nearly a month ago, on September 23, A Tao (pseudonym), who worked as a warehouse manager at a Dingdong Maicai store, was found dead in his rented house.
Before his death, A Tao worked at a Dingdong Maicai store in Changxindian Town, Fengtai District, Beijing.
On the evening of September 19, A Tao
asked for leave from the store manager due to physical discomfort. In the following days, his family and colleagues were unable to contact him until his body was found in the rented house on the 23rd.
A few days before his death, A Tao had worked a 12-hour night shift.
The autopsy results showed that A Tao died suddenly, and the specific cause of death was unknown because no autopsy was performed.
A Tao's family said that Dingdong Maicai had not taken the initiative to resolve the issue after A Tao's death, but instead said that he was an employee of a third-party platform. On October 11, the contact person of the third-party platform company told the family that A Tao had no direct relationship with Dingdong Maicai, but a labor cooperation relationship with them. His death was not eligible for work-related injury, and there was no way to prove that he had a direct connection with the company. However, a humanitarian compensation of tens of thousands of yuan could be paid, and the specific amount could be negotiated.
The store manager where A Tao previously worked revealed that they all signed agreements with third parties and that the working hours in the store were generally 12 hours.
On the 12th, a relevant person in charge of Dingdong Maicai said
that the company has set up a special team to actively promote communication, care and follow-up work with the employees' third-party companies.
(Red Star News)
It was revealed that "Northeast Rain Sister" is not a villager, her house is rented, and she usually does not live in the village. Local villagers: Northeast Rain Sister can do farm work, but she found that performing farm work can earn more than doing real farm work
Recently, the follow-up progress of the incident in which the internet celebrity "Northeast Rain Sister" in Benxi, Liaoning, sold fake sweet potato vermicelli has once again attracted the attention of netizens. Due to "false or misleading commercial propaganda" in the live broadcast, "Northeast Rain Sister" suffered a huge penalty. The manufacturer of the problematic sweet potato vermicelli, Chaoyang County Liuhe Vermicelli Manufacturing Co., Ltd., was also ordered to suspend production and business and fined 6.7176 million yuan. It is reported that Northeast Rain Sister always appears in short videos with a capable and tough image, and has gained more than 24 million fans in more than two years. The main living place in her short videos is a small village called Moshiyu. Many netizens questioned that "Northeast Rain Sister" is not a villager of the village, and the village is just a film and television base for her short videos.
According to CCTV News, local villagers said that "Sister Yu" is not a villager, and the house was rented for filming, and she does not live here at ordinary times. At the same time, "Sister Yu"'s apprentices also rented houses in the village, specifically for shooting short videos and live broadcasts. In the eyes of the villagers, these people are not recording rural life but performing rural life. "The pig trough and the stove were all built by her, and farm work is not difficult for her." The villagers believe that "Northeast Sister Yu" is indeed a rural person, but she can do farm work and gradually found that performing farm work in short videos is much more profitable than doing real farm work. At present, the small courtyard
has now become a "check-in" location, and many netizens take pictures through the locked courtyard door every day. Some villagers living nearby said that this has caused trouble to their lives.
On the evening of the 12th, "Northeast Rain Sister" posted an apology statement on her Douyin account, saying "I have made mistakes and I will face them. Sister Yu has not run away." However, in response to netizens' concern about the "Northeast Rain Sister" claiming to compensate 10,000 yuan for fake products during the live broadcast, the joint investigation team of the incident stated that when "Sister Yu" said that she would compensate 10,000 yuan for fake products, there was a premise, that is, if the sweet potato flour was marked with gelatin, "10,000 yuan for fake products" would be compensated, and she was not talking about the issue of cassava flour. Combined with the complete context of the live broadcast, even if consumers file a lawsuit in court for "10,000 yuan for fake products", the existing evidence is difficult to support it. (Youth Daily, CCTV News)
The courtyard rented by "Northeast Rain Sister" and her team in Moshiyu Village, Benxi Manchu Autonomous County, Benxi City, Liaoning Province (Photo source: Jiemian News)
Internet celebrity economist Ren Zeping and private equity tycoon Dan Bin had serious differences on the trend of A-shares and a fierce argument broke out. Li Daxiao said he was willing to be a peacemaker
Recently, the private equity tycoon Dan Bin and the internet celebrity economist Ren Zeping have been "fighting" with each other, which has attracted attention.
Ren Zeping, the founder of Zeping Macroeconomics, posted on Weibo on October 11:
Recently, some of the weird opinions have not only missed the opportunity, but also shorted the Chinese economy and public policies at a critical time. They are professionally incompetent and morally shameless.
On the morning of October 12, Dan Bin responded to Ren Zeping: Regarding Mr. Ren Zeping's "rhythm", I want to say that as an economist, one should be rational and objective. I have no opinion on Mr. Ren Zeping himself. I used to forward his articles frequently, mainly because the data in the articles are worth referring to. But I have different views on his "closing at the opening" and advocating a big bull market, especially in the context of "the large-scale transfer of deposits to the stock market"... I think as an economist, it is better to be more "rational and objective" and not impulsive!
On the afternoon of October 12, Ren Zeping posted on Weibo again: Just search, whose company is Oriental Harbor? Such poor product performance, loss of 50% to 60%. This is not just missing out, short selling is more than that. Losing so much, this is the hard-earned money of ordinary people. Remind others to pay attention to risks. Buying Oriental Harbor products is more risky and loses more. Acting
like this is not right. You have failed the trust of investors so many times. Have you come out to apologize to everyone formally?
Li Daxiao, former chief economist of a securities firm, said in an interview: "It is understandable that the two people have a dispute over the market. One believes it is a 'bull market' and the other believes it is a rebound. I think both views are correct, but perhaps the views they expressed are not very clear. I think for core assets and good stocks it is a 'bull market', while for non-core assets and poor stocks it may just be a rebound, or even the rebound has ended. For this dispute, I am willing to be a peacemaker." (Daily Economic News)
The number of merchants participating in Fliggy's Double 11 Shopping Festival hit a new high, with more than 10,000 merchants bringing in goods
The registration channel for merchants on Fliggy's Double 11 in 2024 has been opened. Fliggy revealed that according to the previous investment promotion situation, the number of participating merchants and products for this year's Double 11 will both set new records, among which the proportion of outbound travel products is expected to double.
In the increasingly competitive and rapidly changing tourism market, participating in Fliggy's Double
11
has become the most critical opportunity for merchants to gather consumer demand and stabilize mid- and long-term passenger flow.
"From the perspective of investment promotion, this year's Fliggy Double 11 promotional products have three major characteristics: first, the product coverage is wider, the brand's 'hard currency' has all returned, 'new and unique' products in segmented fields have emerged in large quantities, and calendar-type products for travel on designated dates will also be deeply involved; second, the average discount is significantly greater than last year. It can be said that prices are at the bottom level in the past two years; third, outbound travel products are of higher quality, and products for niche destinations and overseas exchange products have increased significantly." said Shuai Mengting, project leader of Fliggy Double 11.
A programmer born in the 1990s lost 320,000 yuan in four days after investing in the A-share market. He said he was not a loser and wanted to turn losses into profits by learning professional knowledge.
The recent hot market of the A-share market has attracted a large number of investors to enter the market, but the volatility of the market has also brought challenges to investors. Relevant data shows that many investors have faced losses shortly after entering the market, and the stock market has recently shown a state of more losses than gains.
According to media reports, a programmer born in the 1990s in Chengdu, Sichuan, lost 320,000 yuan in a week of stock trading. "I bought 1.02 million yuan on the 8th. I made a profit on the first day, but I kept losing money in the next few days. So far, I have lost 320,000 yuan." "I bought stocks for a while before. I heard that the stock market could make money during this period, so I bought a large amount of stocks on the first day of work after the holiday."
The programmer said that after entering the market on October 8, he made a profit on the first day, but lost more than 70,000 on the second day. On the third day, he lost 310,000 directly. On the fourth day, he got back 18,000. The total loss in these four trading days was 320,000. "Many people advised me to close my account, saying that I was a 'leek', but I don't think so." The programmer said that he has a strong learning ability and wants to turn losses into profits by learning professional knowledge related to the stock market. (Poster News)
Hongmeng version of WeChat is officially launched, the first batch of experience quotas are sold out in seconds, Tencent's Zhang Jun "asks for understanding"
On October 12, the Hongmeng version of WeChat was officially launched on the Harmony OS NEXT system. It is reported that the first batch of Hongmeng version of WeChat opened thousands of early access places, and the quota is now full. From the current version, most of the functions of the Android version of WeChat can be used in the Hongmeng system. Among them, the most important function is chat history migration, which allows users to seamlessly migrate chat history to the Hongmeng version of WeChat.
On the evening of the 12th, Tencent's public relations director Zhang Jun posted a message saying that the native version of WeChat Hongmeng is being tested through the "Freshmen Zone" of Huawei App Market, and is currently being released in batches. "I'm really sorry, the first batch was sold out in seconds, please understand, because the developer is still debugging and speeding up the fixes of the problems reported by everyone before continuing to put it on the shelves. If you haven't got a test spot yet, please pay attention to the updates of the 'Freshmen Zone' in the future."
In addition, Weibo Hongmeng client posted that recently some users reported that they occasionally encountered problems such as missing words and abnormal input methods when using Weibo Hongmeng client. After joint investigation by Weibo and Huawei engineers, the problem was initially identified as a problem with the NEXT Hongmeng system. This problem may occur on some Huawei models, and Huawei is currently scheduling a fix. (Jiemian News, Fast Technology)
Mushroom Car Alliance landed in Jiading, Shanghai, to create a real-time digital twin city of vehicles, roads and clouds
On October 11, Jiading District of Shanghai and Mushroom Auto Union signed a strategic cooperation agreement to jointly promote the full coverage and commercial operation of the vehicle-road-cloud network in Jiading District, assist in the construction of Jiading and Shanghai as pilot cities for vehicle-road-cloud integration, and create a national benchmark.
Zhu Lei, founder and CEO of Mushroom Auto, said, "The essence of the vehicle-road-cloud network is a 'synesthesia computing' network, which provides system-level real-time digital twin services for vehicles (autonomous driving vehicles, non-autonomous driving vehicles) and various intelligent devices (robots, drones, etc.) through real-time digitization of the physical world."
"Single-vehicle intelligence and vehicle-road-cloud are a set of integrated solutions. Single-vehicle solves single-point problems, while vehicle-road-cloud solves system-level problems." Zhu Lei introduced that the vehicle-road-cloud network system of Mushroom Car Network fully integrates single-vehicle L4 technology and system network technology. It not only provides L4-level autonomous driving, but also comprehensively improves group safety, group efficiency and group game ability at the system level. With the large-scale growth of the number of smart cars, the vehicle-road-cloud network will play a greater role at the system level.
Zhu Lei said that in actual implementation, there are two key points to ensure that vehicle-road-cloud integration can be "really used": first, the data quality of a single node (base station) needs to be high enough, and the core of ensuring data quality is not just roadside equipment, but systems and algorithms; second, in-depth understanding of the real needs of car companies, and truly connecting with them.
"Black Myth: Wukong" producer Feng Ji talks about game addiction: Developers are willing to let their children play without worry, which may be a reasonable degree
On October 13, Feng Ji, CEO of Game Science and producer of Black Myth: Wukong, talked about the problem of minors becoming addicted to games in an interview. He said that it might be reasonable for developers to make games that their children are willing to play without worry. "There is indeed a risk or a dark side to games. What is it? Because games have feedback. If this game strongly and constantly induces you, you may want to play again after playing it. It is more addictive than those entertainment products."
Feng Ji further replied: This matter itself may be harmful to an immature user, just as we prohibit children from experiencing many things. So in this regard, I think there are some restrictions first. Our company will say that if you want to make a game that you are willing to give to your children, friends, and relatives, and are willing to recommend it to them, you can play it with confidence. If you can say this to yourself, this may be a reasonable degree. (IT Home)
POCO, a brand under Xiaomi, announced that it will close its global website and transfer user data to Xiaomi's official website
On October 13, Xiaomi's POCO brand announced that it will close its global website (po.co), including the UK, France and global sites, on December 31, 2024. However, the POCO brand will not disappear. From October 21, 2024, POCO's products, services and after-sales support will be transferred to Xiaomi's official website (mi.com/global).
POCO is a sub-brand launched by Xiaomi in 2020, mainly targeting overseas markets, and currently has a certain influence in markets such as India and Southeast Asia. Although Xiaomi previously positioned POCO as an independent brand, the closure of the po.co domain name seems to indicate that the business under the Xiaomi ecosystem is being streamlined. Nevertheless, the POCO brand will still exist within the Xiaomi architecture, and product supply and after-sales support will continue to be provided. However, the independent POCO store application will not be spared and will cease to operate after December 31.
Currently, OPPO's sub-brand OnePlus has always maintained independent operation, and vivo's sub-brand iQOO has also been independently operated for many years. Unlike them, as a sub-brand of Xiaomi, POCO's products are mostly renamed and re-shelled versions of Redmi models. The closure of POCO's global website will not have much impact on Xiaomi, and the POCO brand will continue to launch new models in overseas markets. (CNMO)
Yonghui Supermarket: Received the arbitration acceptance notice from Shanghai International Arbitration Center, involving an amount of 3.859 billion yuan
On October 13, Yonghui Superstores announced that on October 12, 2024, the company received a notice of acceptance from the Shanghai International Economic and Trade Arbitration Commission. The main content is: Shanghai International Economic and Trade Arbitration Commission received the arbitration application and attachments submitted by the company regarding the arbitration case of the "Share Transfer Agreement" and "Supplementary Agreement" between Yonghui Superstores and Dalian Yujin Trading Co., Ltd., Wang Jianlin, Sun Xishuang, and Dalian Yifang Group Co., Ltd., and decided to accept it on October 12, 2024. The trial has not yet begun.
Yonghui Supermarket requested that Dalian Yujin immediately pay the company the remaining share transfer price of RMB 3.639 billion and the accelerated liquidated damages of RMB 218 million. At the same time, it requested that Dalian Yujin immediately pay the company RMB 2.001 million in attorney fees incurred in this case. It requested that Wang Jianlin, Sun Xishuang, and Yifang Group bear joint and several liability for the aforementioned remaining share transfer price, accelerated liquidated damages, and attorney fees totaling RMB 3.859 billion. It requested that the respondent bear all arbitration costs in this case. (Sanyan Technology)
Honor CEO Zhao Ming: AI Agents now have the ability to act
On October 12, Honor CEO Zhao Ming shared his views on AI agents at the China Mobile Partner Conference: "The agent needs to recognize, analyze and understand the content on the screen. It also needs to learn user behavior habits, recognize intentions and make decisions, as well as in-app and cross-app behaviors." In layman's terms, an agent is able to perceive the environment, make decisions and perform actions. Compared with previous mobile phone smart assistants that are still in the semantic understanding stage, AI Agents now have "action power."
At the same time, Zhao Ming divides AI agents into two categories: "One is the terminal-side agent, which calls other applications. The two agents can collaborate and cooperate with each other; the second is a more complex agent, which can imitate humans in other applications to recognize and understand the content of the application, and imitate humans to perform corresponding operations." (Daily Economic News)
Black Myth: Wukong helps Game Science rank among the top publishers on Steam, with total revenue exceeding $1 billion
According to the latest data from Steam statistics platform Gamalytic, Chinese game developer Game Science has entered the top of the Steam publisher revenue list, ranking 12th, surpassing CD PROJEKT RED, FromSoftware and other companies. The ranking is calculated based on game revenue on the Steam platform, and data shows that Game Science's total revenue has exceeded US$1 billion.
Currently, Game Science has released two games on Steam, Art of War: Red Tides and Black Myth: Wukong, which have an average revenue of $500 million. Art of War: Red Tides was launched as a free game in December 2016 and received "very positive" reviews from players. (IT Home)
Meituan announced Keeta’s entry into Riyadh, CEO appeared at the launch meeting
On October 9, the overseas version of Meituan's food delivery service "Keeta" entered the Saudi Arabian capital Riyadh. That morning, Meituan CEO Wang Xing, Keeta business director Qiu Guangyu and others appeared in the Riyadh office to attend the launch meeting. Keeta entered Saudi Arabia in September and first chose Al Kharj, a small city near Riyadh, for a pilot. After entering Riyadh, Keeta launched a half-price discount for the first order, and provided services that local food delivery platforms did not have, such as unlimited free delivery and overtime compensation.
After Hong Kong and Saudi Arabia, Keeta is seeking to continue expanding. Previously, Wang Xing revealed at the earnings conference that the selection of new regions is based on multiple criteria: online penetration rate, competition landscape, AOV (average order value) and cost structure. Saudi Arabia is currently the largest food delivery market in the Middle East, with an annual scale of approximately US$4.3 billion. (Late Finance)
CATL's Fengxin Runan New Energy Company increases capital to 210 million
According to public information on October 12, Fengxin Runan New Energy Co., Ltd. recently underwent industrial and commercial changes, with its registered capital increasing from RMB 10 million to approximately RMB 210 million. The company was established in November 2022, with Yang Zhengju as its legal representative. Its business scope includes engineering and technical research and experimental development, emerging energy technology research and development, online energy metering technology research and development, contract energy management, battery sales, and Internet of Things technology research and development. The panoramic equity penetration chart shows that the company is wholly owned by Times Green Energy Co., Ltd., which is a wholly-owned subsidiary of CATL. (DoNews)
The scale of my country's core artificial intelligence industry continues to increase, with more than 600 million registered users
On October 13, Zhao Zhiguo, chief engineer of the Ministry of Industry and Information Technology, said on the 12th that the scale of my country's core artificial intelligence industry is constantly increasing, and the number of enterprises has exceeded 4,500. Nearly 200 generative artificial intelligence service models have been registered and put online to provide services to the public, with more than 600 million registered users. (Cailianshe)
International News
FOREIGN NEWS
SpaceX Starship completed the "chopsticks holding rocket" for the first time, "Musk's boast came true"
It is reported that the fifth test flight of SpaceX's "Starship" was launched at 20:25 Beijing time on October 13. According to the pictures, SpaceX's "Starship" achieved the first time in history to use "chopsticks" (launch tower arms) to catch the super heavy booster. At the same time, the "Starship" spacecraft is still sailing in space. About half an hour later, the spacecraft re-entered the atmosphere and exploded on the surface of the Indian Ocean. SpaceX confirmed the splashdown of the spacecraft and announced the completion of the fifth flight test.
In response, Musk said: "Today, we have taken a big step towards achieving multi-planetary life." Musk announced in September 2017 that SpaceX will develop a larger, reusable launch rocket, the future Starship. In Musk's blueprint, after grabbing the booster, the robotic arm will only take a few minutes to return it to the launch pad. After refueling, the rocket can be launched again within just half an hour of landing. In this way, the rocket's turnaround time is shortened and the launch cost is reduced. The cost will be mainly fuel, just like an airplane, take off, land, and take off again.
It is reported that the "Starship" has conducted four test launches before. During the first test launch in April 2023, the rocket exploded before the first and second stages separated. During the second test launch in November 2023, the first and second stages of the rocket separated successfully, but then the booster and the spacecraft exploded one after another. During the third test launch in March 2024, the first and second stages of the rocket separated successfully, but the booster accidentally disintegrated after attempting to land and ignite, and the spacecraft lost contact when re-entering the atmosphere. During the fourth test launch in June 2024, the first and second stages of the rocket separated successfully and fell into the Gulf of Mexico and the Indian Ocean respectively as planned. (Love Faner)
Amazon is reported to lay off 14,000 managers, saving about $3 billion a year
According to a Morgan Stanley report, Amazon plans to cut about 14,000 management positions by early next year to save about $3 billion (about 21.17 billion yuan) in costs each year. This move is part of Amazon CEO Andy Jassy's strategy to optimize operational efficiency by increasing the ratio of individual contributors to managers.
Jassy hopes to increase the percentage of individual contributors to managers by at least 15% by the end of the first quarter of 2025. He believes that reducing managers will help eliminate unnecessary organizational layers and allow Amazon to grow faster without the constraints of bureaucracy.
According to Morgan Stanley's estimates, the layoffs will reduce Amazon's global manager headcount from about 105,770 to about 91,936, with each manager costing between $200,000 and $350,000 a year, so the layoffs will save the company $2.1 billion to $3.6 billion in costs. These cost savings account for about 3% to 5% of Amazon's projected operating profit in 2025. (Financial Times)
Boeing to cut 10% of global workforce, involving 17,000 jobs after five years of losses of about $30 billion
On October 13, it was reported that Boeing recently announced plans to cut 10% of its global workforce, involving about 17,000 jobs. Boeing's new CEO Kelly Ortberg said, "We cannot overemphasize how difficult our business situation is and how difficult the challenges we face together are." When outlining these plans to company employees, Ortberg said, "We need to be clear-headed about the work we face and be realistic about the time it will take to achieve key milestones."
In the coming months, Boeing plans to cut 10% of its global workforce, involving about 17,000 positions, and "executives, managers and employees" are at risk. Currently, Boeing has a total of 171,000 employees, including 147,000 in the United States and about 2,200 employees in China.
On the economic level, there are reports that Boeing has lost about $30 billion in the past five years. Faced with such huge losses, Boeing's situation has become more difficult. In addition, Boeing also announced that the launch of the new wide-body passenger aircraft 777X will be postponed again, from 2025 to 2026, which is five years later than the original launch year of 2020, and the 767 freighter will be discontinued. (Fast Technology)
Semiconductor giant Will Semiconductor's net profit in the first three quarters is expected to increase by more than 5 times, and the founder once again donated 2.8 billion yuan of shares
On October 13, according to media reports, the semiconductor industry giant Will Semiconductor recently released its performance forecast for the first three quarters of 2024. It is expected to achieve attributable net profit of 2.267 billion yuan to 2.467 billion yuan, a year-on-year increase of 515.35% to 569.64%; in the third quarter, Will Semiconductor achieved a net profit of approximately 900 million yuan to 1.1 billion yuan, a significant increase compared with the same period last year.
Will's performance growth is due to the continued recovery of market demand and the growth of downstream customer orders. The company's product introduction in the high-end smartphone market and the continued penetration of autonomous driving applications in the automotive market have driven a significant increase in operating income and gross profit margin. In addition, the company actively promoted the optimization of product structure and supply chain structure, further improving overall performance.
While the performance has grown significantly, the founder of Weier Shares, Yu Renrong, plans to donate 25 million shares of the company's unrestricted tradable shares to the Ningbo Oriental Polytechnic University Education Foundation free of charge, accounting for 2.06% of the company's current total share capital. Based on the latest closing price of Weier Shares on October 11, the corresponding market value of the donated shares is approximately 2.799 billion yuan. As of now, Yu Renrong and his persons acting in concert have donated more than 6 billion yuan of stocks. (Phoenix Network Technology)
Blackwell is in great demand, NVIDIA has sold out all orders for the next year: one company rushed to buy 100,000 pieces at a time
Recently, an analysis report from Morgan Stanley pointed out that NVIDIA's orders for Blackwell AI GPUs for the next year have all been sold out. One AI company snapped up more than 100,000 chips in a single order, and the demand is astonishing.
Morgan Stanley analysts met with Nvidia CEO Jensen Huang, CFO Colette Kress and other members of the chip maker's management team over three days in New York this week. After the meeting, the analysts said they saw more signs of sustainable demand and that optimism is pushing Nvidia's stock price closer to its all-time high and possibly even above it.
The key is that "every indication from management is that we are still early in the long-term investment cycle in AI," said Morgan Stanley analyst Joseph Moore. The bank reiterated its "overweight" rating on Nvidia shares, along with a $150 price target, which implies a potential upside of 11.2% from current levels.
He pointed out that the stock is still the first choice in the semiconductor field, and said that Nvidia is still at the forefront of artificial intelligence innovation and has the opportunity to gain new market share. He said that he is still very optimistic about Nvidia's long-term prospects, but considering the current stock price rebound, it is expected that the short-term rise will raise the profit threshold to a certain extent. (Cailian Press)
Apple is again involved in labor dispute: accused of illegally restricting employees' use of social media
On October 13, the National Labor Relations Board (NLRB) received a new complaint accusing Apple management of restricting, monitoring, and interfering with employee rights through illegal regulations regarding the use of Slack. The complaint filed with the NLRB stated that Apple's social media policy prohibits employees from creating new Slack channels and requires workplace issues to be submitted to managers or to established "staff support" channels.
Apple said in a statement that it "strongly disagrees" with the new allegations and is committed to maintaining a "positive and inclusive workplace."
The new charges follow a complaint filed in early October that accused Apple of forcing employees to sign illegal confidentiality, non-disclosure and non-compete agreements. Now the NLRB says Apple may be implementing what the board calls "overly broad" misconduct and social media policies.
Meta Senior Researcher Yann LeCun: Concerns about the existential threat of artificial intelligence are complete nonsense
On October 13, according to foreign media reports, Yann LeCun is a professor at New York University, a senior researcher at Meta, and a winner of the prestigious AM Turning Award. He has publicly expressed his skepticism before. For example, he said on Twitter that before we worry about controlling super-intelligent AI, "we need to design a smarter system first."
He elaborated on his views in an interview with the Wall Street Journal, responding to a question about whether artificial intelligence is smart enough to pose a threat to humanity by saying: "Pardon my poor French, but this is complete nonsense."
LeCun believes that today's large language models lack some key capabilities, such as persistent memory, reasoning, planning, and understanding of the physical world. In his view, AI only proves that you can manipulate language, but it is not smart and will never lead to true general artificial intelligence (AGI). This is not to say that he is completely skeptical of AGI. However, he said that new approaches are needed. For example, he pointed out that Meta's basic AI research team is studying how to digest real-world videos. (Bianniushi)
Win11 major update caused collective crashes among users, blue screen crash, cursor disappears, 9GB cache cannot be deleted
On October 13, Microsoft officially launched the Windows 11 24H2 major version update, which brought many new features such as AI elements, Wi-Fi 7 support and search function improvement. However, after the update, some users encountered a blue screen of death, the mouse cursor disappeared, and a nearly 9GB update cache file that could not be deleted.
Several users reported that after upgrading to the 24H2 version, their devices frequently experienced blue screen of death problems, some browsers and fingerprint sensors on certain models did not work properly. In particular, Intel PCs with outdated audio drivers and users running specific games also experienced crashes and blue screens when running games due to compatibility issues between the Easy Anti-Cheat tool and the system.
The mouse cursor also disappears, especially in Chromium-based applications such as Google Chrome and Microsoft Edge. When the mouse cursor moves over the text input box, it suddenly disappears and becomes an invisible blank. Not only that, an 8.63GB cache folder is created during the update process, and it cannot be deleted by conventional methods. Even if you use the disk cleanup tool or the system file checker tool, this large cache file still exists, taking up a lot of storage space.
Microsoft is aware of this issue and is preparing patches to fix it. It also recommends that users do not try to delete these cache files to avoid causing more serious system problems. (Fast Technology)
Robot vacuum cleaner hacked to chase pets and abuse owner
Earlier this year, hackers broke into Ecovacs Deebot X2 Omni vacuum cleaners in several cities in the United States, using them to chase pets and swear at owners in racial slurs, according to foreign media reports.
Several Deebot X2 users said their devices were hacked in May.
Among them, Daniel Swenson, a Minnesota lawyer, recalled that he was watching TV with his family when he suddenly heard the robot make a noise similar to a "broken radio signal."
After he reset the password and restarted the robot, the sound reappeared, but this time it was clearly the sound of a human shouting.
Ecovacs said in a statement that it had "identified a credential stuffing incident" and blocked the IP address of the attack source. The company said it found no evidence that hackers collected usernames and passwords.
Researchers demonstrated a vulnerability last year that could bypass the PIN code entry of the Deebot X2 to access the robot.
Ecovacs said in a statement that it has resolved the issue and plans to release an update in November to "further strengthen security."
(IT Home)
Iran has banned almost all electronic communications devices on board aircraft, except mobile phones
On October 12, Jafar Yazerlu, an official representative of the Civil Aviation Organization of Middle Eastern countries, said that Iranian authorities have banned all electronic communication devices except mobile phones from being carried on board aircraft. Foreign media quoted Jafar Yazerlu, a spokesman for the Iranian Civil Aviation Organization, as saying, "Except for mobile phones, any electronic communication devices are prohibited from being brought on board aircraft, whether in carry-on or checked luggage." The spokesman added that this move was made for safety reasons.
On September 17 and 18 this year, pagers and walkie-talkies used by Hezbollah members in Lebanon exploded almost simultaneously across the country, killing at least 37 people and injuring about 3,000. On October 4, Emirates Airlines, the largest airline operator in the Middle East, issued an announcement prohibiting passengers on flights to, from, or via Dubai from carrying pagers and walkie-talkies. (Global Network)
UnionPay International and Vietnam’s transit network NAPAS sign a memorandum of cooperation to accelerate cross-border QR code interoperability
On October 13, UnionPay International announced that it had signed a memorandum of cooperation with the National Payment Corporation of Vietnam (NAPAS) in Hanoi. The two parties agreed to deepen cooperation on cross-border interoperability of QR codes, promote QR code payment between UnionPay QR code wallets and local Vietnamese wallets on each other's networks, and enhance the cross-border payment experience of Chinese and Vietnamese people.
In 2021, NAPAS launched the national QR code VietQR, and then UnionPay promoted the interconnection between UnionPay QR code and VietQR. VietQR accepting merchants already support UnionPay App, domestic wallets that support the "UnionPay Online Payment Platform", and overseas UnionPay standard wallets to scan QR code for payment. Reporters learned that in the future, local VietQR wallets in Vietnam will be able to directly scan UnionPay QR codes for payment in 47 countries and regions including China.
"Network interconnection" is an innovative business cooperation model launched by UnionPay based on the QR code network. By connecting with overseas QR code networks, the acceptance networks can be quickly and massively opened to each other. So far, local QR code networks in South Korea, Sri Lanka, Cambodia, Malaysia, and Laos have successively reached relevant cooperation with UnionPay, driving the number of UnionPay QR code overseas acceptance merchants to increase to 8 million. (IT Home)
Japan's Denso and semiconductor maker Rapidus may share advanced chip design methods
On October 13, it was reported that Japanese semiconductor manufacturer Rapidus and automotive parts supplier Denso will share advanced chip design methods, which will be used in fields such as artificial intelligence and self-driving cars. It is reported that the common design method will speed up the development of advanced chips and reduce manufacturing costs. It is reported that Rapidus and Denso will call on other companies to join the ranks of shared designs to improve the overall competitiveness of Japan's chip industry. (Nikkei News)
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