有关权威专家昨日亦解读称，所谓"存款搬家"，其实是居民根据资产回报率的变化，把银行里的储蓄存 款转换成其他资产的现象，本质上是居民资产重新配置的一种表现。而从今年以来的情况看，非银行金 融机构存款增长较快，主要还是与非银存款定期化、持有同业存单多增较多有关。 "实际上，非银存款高增不等于券商方面的流入资金增多，因为银行理财子、保险资管的同业存款如果 大幅增长，也会导致非银存款增加。从9月份的数据来看，此前居民存款搬家的现象应当被市场过度解 读，甚至有意扩大了。"一位券商宏观分析师对智通财经记者表示。 非银存款非专指保证金存款，护航专项债发行银行扩充同业负债 昨日，人民银行公布前三季度金融数据，持续一段时间的"存款搬家"讨论，其背后原因终于浮出水面。 从数据来看，前三季度人民币存款增加22.71万亿元。其中非银行业金融机构存款增加4.81万亿元。相比 7、8月份同比多增超万亿相比，9月份的非银存款数据出现了明显回落。而在居民存款端，7月末较6月 末大幅回落的情况也得到了根本缓解——至9月末住户存款增长12.73万亿，较8月末9.77万亿的数据大增 近3万亿。 "今年七八月份是政府债、专项债等各种债券发行的高峰期 ...

据了解，此次发布的FX Super One是一款定位为"First Class EAI-MPV"的车型，FF方面旨在通过这款产 品将其在智能、豪华与性能方面的理解带入阿联酋市场。发布会的选址和主题"Super One, Palace of Intelligence"，也透露出其意图在当地高端出行市场占据一席之地的决心。对于FF而言，这次活动不仅 是一次单纯的新品亮相，更是其"第三极"战略从概念走向实际落地的关键一步，旨在将业务触角从美国 和中国这两个核心市场，进一步扩展至全球其他具有潜力的地区。 凤凰网科技讯 10月16日，法拉第未来（Faraday Future, FF）今日正式向外界披露了其全球化战略的最新 动向。该公司宣布，将于10月28日在阿联酋迪拜的地标建筑哈利法塔内的阿玛尼酒店，为其全新车型 FX Super One举办中东地区首场产品发布活动。此举标志着FF在北美和中国市场之外，正式启动其"第 三极"战略，将业务版图延伸至中东高增长市场。 FF创始人贾跃亭对此表示，在阿联酋举办发布会是公司进入一个融合了科技雄心与奢华生活方式地区 的重要里程碑。他还透露了一个更为关键的时间表：公司计划最快于今年1 ...

人工智能（AI）是2025年推动市场发展的故事，但随着企业在庞大的基础设施建设中投入巨额资金，一些投资者开始担 心：所有这些支出都值得吗？ 摩根士丹利（Morgan Stanley）本周给出了一个令人放心的答案：这波支出热潮很快就会收回成本。该行表示，到 2028 年，巨额资本支出可能会对公司收入产生积极影响。 近段时间以来，仅OpenAI一家公司就宣布了与科技巨头的大量交易，与甲骨文（Oracle）、英伟达（Nvidia）和Advanced Micro Devices建立了重要合作关系。这家人工智能初创公司正在加大对芯片和数据中心的投资，量级达到万亿美元级，以 支持其快速增长的基础设施。 在最新给投资者的一份报告中，摩根士丹利全球研究总监Katy Huberty分享了一份关于人工智能技术支出扩散的图表。它 展示了一群高度联系的科技公司，大量资金要么通过OpenAI流动，要么从OpenAI流出。 这位分析师指出，摩根士丹利的技术团队认为，人工智能的支出周期仍处于早期阶段，但高昂的价格并不一定会吓到投资 者。 而如果上述收入目标被证明是正确的，Huberty的团队认为，人工智能热潮将继续推动如今在该领域大举投资 ...

随着科技巨头和华尔街争相"拥抱"人工智能（AI），AI已在华尔街掀起了一场"抢饭碗"浪潮。 无独有偶。高盛首席执行官大卫•所罗门也发表了自己的愿景声明，阐述了公司将如何围绕人工智能进 行重组。高盛上季度利润飙升37%，至41亿美元。 所罗门在本周的一份备忘录中告诉员工："为了充分受益于人工智能的前景，我们需要在运营的各个方 面提高速度和灵活性。" "这并不仅仅意味着重新设计我们的平台。这意味着对我们如何组织员工、如何决策、如何思考生产力 和效率进行全面的审视。" 所罗门指出，对他的员工来说，其结果是：高盛今年将"限制员工人数增长"，并裁减有限数量的员工。 备忘录显示，高盛的人工智能项目将需要数年时间才能实施，并将根据改善客户体验、提高盈利能力和 生产力、丰富员工体验等目标进行衡量。 不难看出，美国最大的几家银行围绕人工智能发表的言论，与亚马逊和微软等科技巨头的言论如出一 辙。这些公司的领导人已经告诉员工，要为人工智能带来的中断做好准备，包括冻结招聘和裁员。 据悉，包括摩根大通和高盛在内的大银行正公布围绕人工智能重新构建业务的计划。 这意味着，即使在交易和投资银行业务带来数十亿美元超额收入的今年，华尔街的公司也 ...

Core Insights - The article discusses the challenges faced by traditional automakers like General Motors and Ford in the electric vehicle (EV) market, particularly due to policy changes under the Trump administration, which have led to significant investment write-downs and reduced consumer incentives for EV purchases [1][6]. Group 1: Traditional Automakers' Challenges - General Motors announced a $1.6 billion write-down related to EV investments, reflecting a broader trend of negative news from major automakers regarding their EV ambitions [1][2]. - Ford's CEO Jim Farley indicated that the end of federal tax credits could lead to a 50% drop in demand for electric vehicles [1][2]. - Stellantis, the parent company of Chrysler and Jeep, has abandoned its goal of producing only electric vehicles in Europe by 2030 and has lowered its ambitious targets for the U.S. market [1][2]. Group 2: Tesla's Market Position - Tesla remains the largest EV seller in the U.S., but its market share has declined to approximately 43.1% as of September, down from 49% at the end of the previous year [2]. - Tesla is expected to report a 3.5% year-over-year revenue increase to $26.1 billion for Q3, but analysts predict a revenue decline in Q4 and a potential 3.5% drop for the entire year of 2025, marking the first time the company could see an annual revenue contraction [4][5]. Group 3: Market Dynamics and Consumer Behavior - The withdrawal of traditional automakers from the EV space may benefit Tesla, as it could lead to a rebound in its market share due to strong brand loyalty among Tesla owners [3]. - However, there are concerns about a significant drop in EV demand in Q4, as consumers rushed to purchase vehicles before the expiration of tax credits, leading to a "double whammy" for Tesla with declining sales and shrinking profit margins [3][4]. Group 4: Policy Impact and Future Outlook - The Trump administration's policies have exacerbated the challenges for the U.S. automotive industry, including the cancellation of tax credits and funding for EV infrastructure, which has resulted in billions in losses for automakers [6]. - Tesla's international market presence is also under pressure from Chinese manufacturers, which are rapidly gaining market share by offering cheaper and higher-quality EVs [6]. Group 5: Elon Musk's Strategic Focus - Elon Musk is shifting investor attention towards future projects like autonomous taxis and humanoid robots, despite Tesla's current reliance on EV sales for revenue [7]. - Musk's ambitious projections for the Optimus robot and its potential to significantly increase Tesla's market value highlight the company's long-term vision, but immediate challenges in the EV market remain [7].

米兰在周三的讲话中表示： "我此前一直认为这种不确定性已经消散，因此对于美国经济增长前景的某些方面，我原本还抱有较为 乐观的态度。但现在，这种不确定性卷土重来……所以我认为，作为政策制定者，我们有责任考虑引入 一种新的尾部风险因素。" 从政策角度来看，米兰表示，当前的形势更让他坚信美联储需要果断采取行动，大幅降低利率。 美东时间周三，美联储理事斯蒂芬·米兰表示，近日中美贸易局势变动给美国的经济前景带来了新的风 险，也使得降息的必要性更为紧迫。 米兰在华盛顿特区的一场公开讲话中指出，中美贸易争端使得美国经济形势变得更加复杂，而今年美国 的经济不确定性本就已经很高了。 美东时间10月10日，美方宣布，针对中方采取的稀土等相关物项出口管制，将对中方加征100%关税， 并计划对所有关键软件实施出口管制。中国商务部发言人对此表示，美方相关举措严重损害企业正当合 法权益，严重冲击国际经贸秩序，严重破坏全球产供链安全稳定。 米兰此前担任白宫经济顾问，在一个月前刚刚暂时接替辞职的阿德里安娜·库格勒（Adriana Kugler）， 开始任职美联储理事，其任期将于明年1月结束。 作为美联储FOMC成员之一，米兰目前担任美联储票 ...

美国铸币局当地时间10月15日公布了2026年"美国创新"1美元纪念币的设计方案，这项始于2018年的多 年期系列计划通过发行1美元纪念币，表彰美国创新成就及个人或团体的重要创新与开拓性贡献。 据介绍，苹果公司联合创始人史蒂夫·乔布斯将出现在明年美国创新1美元硬币计划中的一枚硬币上。 ...

现货黄金周四早盘升破4220美元/盎司，连续4个交易日创下新高，本周累涨200美元。 ...

Core Insights - Honor's CEO Li Jian emphasized the company's focus on genuine product value rather than superficial features, encapsulated in the "three truths" principle: true materials, true effort, and true sincerity [2][3] - The company envisions a future where AI technology evolves from smartphones to "robotic phones," creating a comprehensive ecosystem that enhances user experience and emotional connection [3][4] - Honor has made significant advancements in imaging technology, transforming it from a weakness to a key selling point in the Magic 8 series, with a dedicated team of over 1,000 people working on this strategic initiative [4][5] Product Philosophy - The company adopts a "no cup" philosophy, focusing on the real value of products rather than just appealing names or large sizes [2] - Honor's product development is guided by the principle of delivering practical value to consumers, as demonstrated by the functionality of the YOYO assistant [2][3] AI Strategy - Honor's AI strategy is structured around a "three-horse carriage" concept, integrating AI smartphones, robotic devices, and high-definition imaging equipment to create products that resonate emotionally with users [3] - The company plans to leverage vast amounts of data from smartphones to enhance AI capabilities across various devices, forming a complete intelligent loop of perception, decision-making, and execution [3][4] Imaging Technology - Imaging has become a focal point for Honor, with significant improvements made to night photography and stabilization features, achieving a CPI of 5.5 across all products [4][5] - Innovations in imaging include AI-assisted composition guidance and advanced color grading techniques that surpass traditional methods [4] Product Features - The standard version of the Magic 8 series is equipped with AI functionality, long-lasting battery life, advanced chip performance, and superior audio features, appealing particularly to younger consumers [5] - The success of the standard version is attributed to the company's commitment to product excellence and understanding of user needs [5] AI and Privacy - Honor emphasizes the importance of user privacy, ensuring that core personal data remains on-device, with a focus on local learning to build foundational data models [5][6] - The company believes that the future of AI will be a combination of edge and cloud computing, with edge computing becoming increasingly valuable for privacy protection and user engagement [6]

Core Insights - Nscale, a UK-based AI infrastructure startup, has expanded its partnership with Microsoft to deploy approximately 200,000 NVIDIA GPUs in Europe and the US [1][3] - The company plans to deliver around 104,000 GB300 GPUs to Microsoft's data center in Texas and an additional 12,600 GPUs to a data center in Portugal within the next 12 to 18 months [3] - Nscale has raised $1.5 billion in new funding over the past month, achieving a valuation of approximately $3 billion [4] Company Developments - Nscale has completed its fourth transaction with Microsoft in the past two months, including the establishment of the UK's largest AI supercomputer in Luton and the launch of the "Stargate Norway" project [3] - The CEO of Nscale, Josh Payne, expressed ambitions for the company to go public by the end of next year [3] - Nscale was initially part of Arkon Energy, a renewable energy infrastructure company focused on Bitcoin mining, before becoming a standalone entity to meet data center demands [3] Market Position and Investor Sentiment - NVIDIA's CEO, Jensen Huang, announced a £500 million investment in Nscale to accelerate the deployment of up to 300,000 GPUs, indicating strong confidence in Nscale's potential as a national champion in UK AI infrastructure [4] - The rapid entry of NVIDIA has shifted investor perceptions of Nscale, with a significant increase in investment interest within a short timeframe [4] - Nscale's CEO reassured that the data center market is supported by real assets, mitigating investment risks, and noted that the company's capacity is nearly sold out for the next 12 months [5]