AI - TechWire

11:21

                            According to the Wall Street Journal: Mercor, an artificial intelligence model training startup, plans to raise $350 million at a valuation of $10 billion.
                        
19:14

                            Zhu Hexin: Using artificial intelligence and big data to empower smart supervision and strengthen cross-border capital flow monitoring and early warning
                        
                            Zhu Hexin, director of the State Administration of Foreign Exchange, stated at the 2025 Financial Street Forum Annual Meeting on the 27th that it is necessary to improve foreign exchange supervision and risk prevention and control capabilities under open conditions, strengthen the two-in-one management of macro-prudential and micro-regulation in the foreign exchange market, use artificial intelligence and big data to enable smart supervision, strengthen cross-border capital flow monitoring and early warning, improve the effectiveness of combating illegal and irregular activities, and effectively prevent external risk shocks, so as to provide more stability and certainty for promoting open cooperation and enhancing economic and trade resilience.
                        
18:57

                            Zhu Hexin: China is unswervingly deepening reform and expanding opening up, providing stability on the supply side and a broad market on the consumer side.
                        
                            On October 27, at the 2025 Financial Street Forum Annual Meeting, Zhu Hexin, Deputy Governor of the People's Bank of China and Administrator of the State Administration of Foreign Exchange, stated that China has shared development opportunities with countries around the world and made significant contributions to enhancing global economic and trade resilience and upholding global trade rules. China boasts the most comprehensive industrial sectors and the most comprehensive supporting infrastructure. By providing high-quality, Chinese-made products and stable Chinese supply, and strengthening international cooperation in industrial chains and supply chains, China has provided strong support for the smooth circulation of the global economy. China is unwaveringly deepening reform and expanding opening up, providing not only stability on the supply side but also a vast market on the consumer side. China is accelerating the development of new productivity, promoting industrial transformation, and continuously deepening international cooperation in areas such as the digital economy, artificial intelligence, and new energy. China has solemnly put forward its global governance initiative, firmly upholding the multilateral trading system with the World Trade Organization at its core, advocating for inclusive economic globalization, and providing strong support for developing countries to better participate in the global division of labor and integrate into the global trading system through the high-quality joint construction of the Belt and Road Initiative.
                        
18:13

                            Agricultural Development Bank of China: 150 billion yuan of new policy financial instruments for agricultural development have been fully implemented
                        
                            The reporter learned from the Agricultural Development Bank of China that since the establishment of new policy-based financial instruments for agricultural development on September 29 this year, the bank has focused on national strategies, focused on supporting the construction of major national projects, and actively supported key areas such as the digital economy, artificial intelligence, and consumption. As of October 27, 150 billion yuan of new policy-based financial instruments for agricultural development have all been implemented, with a total of 881 projects invested, which is expected to drive total project investment of more than 1.93 trillion yuan.
                        
18:10

                            Barclays: Raised Intel (INTC.O) price target to $35 from $25.
                        
16:37

                            Diptech's Hong Kong shares surged over 37% in the dark trading session.
                        
                            Diptech, a provider of large-scale artificial intelligence (AI) applications, saw its Hong Kong stock surge over 37% in the dark trading, currently trading at HK$37. Market sources revealed that Diptech's market subscription multiple exceeded 7,590 times, involving HK$272.1 billion and 239,000 subscriptions, making it the most oversubscribed stock in the history of the Hong Kong Stock Exchange's Main Board.
                        
14:35

                            Jensen Huang to deliver keynote address at GTC Washington, D.C.
                        
                            NVIDIA will hold its GTC Washington, D.C. summit in Washington, D.C., from October 27th to 29th. Jensen Huang will deliver a keynote address at 12:00 PM EST on October 28th. In addition to product news, his speech will include a roadmap for how AI will reshape industry, infrastructure, and the public sector.
                        
10:37

                            OECD Secretary-General: Artificial intelligence will increase labor productivity in major countries by 0.2 to 0.4 percentage points each year.
                        
01:27

                            OpenAI has reportedly been taking steps to develop an AI that generates music
                        
17:50

                            AstraZeneca opens global strategic R&D center in Beijing
                        
                            AstraZeneca has officially opened its new global strategic R&D center in Beijing. This center, AstraZeneca's sixth globally and second in China, is the centerpiece of its $2.5 billion investment plan in China. The Beijing center, which includes an artificial intelligence and data science center, aims to accelerate the transition of early-stage drug research findings into clinical development.
                        
16:38

                            Chinese scientists develop new technology to detect strabismus using smartphones
                        
                            Chinese scientists have successfully developed a smartphone-based strabismus measurement method. Users can simply use their smartphone to capture a video of their eyes, providing a new solution for independent screening, early diagnosis, and at-home follow-up of strabismus. The research findings were published online on the 23rd in the international academic journal, The New England Journal of Medicine: Artificial Intelligence.
                        
15:48

                            Nearly 100 AI technologies and products debuted, changing the way you fly
                        
                            Nearly 100 AI technologies and products debuted! The way you fly may change. The 3rd China Air Transport Association Aviation Conference opened in Beijing yesterday (the 24th). Nearly 100 AI technologies and products from 167 companies around the world debuted at the conference. Also garnering public attention at the conference was the aviation information service platform HiChina, an app that provides travel solutions for foreigners. The AI chip system that powers its data was also on display.
                        
13:55

                            Shanghai's biopharmaceutical industry is expected to exceed one trillion yuan
                        
                            Recently, the Shanghai Municipal Science and Technology Commission revealed that the scale of Shanghai's biopharmaceutical industry continues to grow, from 761.714 billion yuan in 2021 to 984.702 billion yuan in 2024, with an average annual compound growth rate of 8.94%. It will reach 500.566 billion yuan in the first half of 2025 and is expected to exceed 1 trillion yuan this year. This means that Shanghai has officially welcomed its fifth trillion-yuan industrial sector, following the four trillion-yuan industrial clusters of electronic information, automobiles, high-end equipment, and software and information services. More notably, as biopharmaceuticals enter the trillion-yuan camp, Shanghai's three key leading industries, artificial intelligence, integrated circuits, and biopharmaceuticals, are collectively emerging as new economic pillars.
                        
13:01

                            In the first three quarters, the core output value of Guangxi's industrial artificial intelligence increased by more than 60% year-on-year
                        
                            Data released by the Guangxi Zhuang Autonomous Region Development and Reform Commission on the 25th showed that Guangxi's GDP grew by 5.3% year-on-year in the first three quarters. Guangxi has accelerated the layout of the artificial intelligence (AI) industry. The China-ASEAN Artificial Intelligence Application Cooperation Center has signed 61 domestic projects, and the output value of the core industrial artificial intelligence industry is 56.2 billion yuan, an increase of more than 60% year-on-year.
                        
12:57

                            The General Assembly President's Council calls for a special session to discuss current challenges facing the UN
                        
                            On the 24th, the Council of Presidents of the United Nations General Assembly issued a statement calling for an urgent special session of the General Assembly to discuss the challenges facing the United Nations and to boost its role in international peace and security. The statement said that the ongoing paralysis of the UN Security Council has undermined the UN's primary responsibility for maintaining international peace and security, highlighting the urgency of comprehensive UN reform. To this end, the Council of Presidents of the General Assembly called for an urgent special session of the General Assembly to boost and reform the UN's role in peace and security. The statement said the proposed special session should focus on addressing the crisis of multilateralism, the crisis of international law, the risk of great power confrontation, and the potential threat of artificial intelligence.
                        
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Weekly Highlights

                                    Southbound funds saw a significant net inflow of 5.345 billion yuan today. On the Shanghai side of the Hong Kong Stock Connect, Pop Mart and CNOOC saw net inflows of HK$538 million and HK$529 million, respectively, while Hua Hong Semiconductor saw the largest net inflow of HK$356 million. On the Shenzhen side of the Hong Kong Stock Connect, Meituan-W and CNOOC saw net inflows of HK$487 million and HK$451 million, respectively, while Hua Hong Semiconductor saw the largest net inflow of HK$659 million.
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                                    China Great Wall: The company's AI server power supply has officially started production
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                                    Xiao Yuanqi: Talent is always the most precious and valuable asset in the financial sector
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