Core Viewpoint - The U.S. National Highway Traffic Safety Administration (NHTSA) has initiated a defect investigation into the Tesla Model 3 due to concerns over the mechanical door unlocking mechanism, which may be difficult to operate and identify in emergencies [1][2] Group 1: Investigation Details - The investigation involves over 179,000 units of the 2022 Tesla Model 3 [1] - The inquiry was prompted by a defect complaint alleging that the mechanical door unlocking mechanism is poorly designed and lacks clear identification, making it hard to locate in emergencies [1] - Tesla vehicles primarily rely on an electronic locking system, which opens doors via buttons instead of traditional mechanical handles [1] Group 2: Safety Concerns - Experts have long criticized the visibility, clarity, and ease of operation of mechanical unlocking devices, particularly for rear passengers [1] - A recent lawsuit against Tesla was filed following a severe accident involving a Model S in Wisconsin, where five passengers died because they could not open the car doors due to design flaws [1] Group 3: Regulatory Context - The acceptance of a defect complaint by the regulatory agency does not equate to a recall order but marks the first step in the regulatory review process [2] - If safety-related defects are confirmed, further actions may be taken [2] - This investigation is part of a broader scrutiny of Tesla's door mechanisms, as NHTSA previously investigated door lock issues in the 2021 Model Y, which also prevented some passengers from exiting the vehicle [2] Group 4: Company Response - Tesla's Chief Designer, Franz von Holzhausen, indicated that the company is redesigning the door handles [2] - Tesla has launched a new safety page on its website, stating that door handles will automatically unlock in the event of a collision [2]

在今年提前实现20薪的部门内，年度绩效B+的员工即可拿满8倍月薪年终奖，即全年20薪，年度绩效A+将直接获得12倍年终奖，全年24薪。京东采 销今年将实现平均25薪，上不封顶。 此前字节跳动也官宣了加薪政策。 12月19日，记者从字节跳动了解到，字节跳动发布面向全球员工的内部邮件，宣布继续加大人才投入，提高薪酬竞争力、提升期权激励力度。具体 包括四大措施：增加奖金（含绩效期权）投入，2025全年绩效评估周期相比上个周期提升35%；大幅增加调薪投入，较上个周期提升1.5倍；提高所 有职级薪酬总包的下限（起薪）和上限（天花板）。字节跳动表示，此举系为确保员工薪酬竞争力和激励回报在全球各个市场都"领先于头部水 平"。 对于加大人才投入的背景，字节跳动在邮件中解释称，行业正面临新的机遇和挑战，公司希望更好地激励和保留优秀人才，同时也更好地吸引全球 优秀人才加入公司，做到"什么时候加入都不晚"，鼓励大家和公司业务一起，再上一个更大的台阶。 值得注意的是，在全球各个市场都"领先于头部水平"，这一表述在字节跳动内部是首次出现。据了解，这意味着公司在薪酬激励上的目标是要在国 内做到最领先，同时在全球范围也进入第一梯队，以直面 ...

Core Viewpoint - The resumption of land reserve special bonds is a significant measure to stabilize the land market and alleviate the pressure on local government financing and real estate companies, with over 540 billion yuan issued this year [1] Group 1: Special Bonds Issuance - A total of over 540 billion yuan in land reserve special bonds has been issued this year, with announced land acquisition projects exceeding 600 billion yuan, indicating a slight delay in bond issuance [1] - As of the latest data, 27 provinces and cities have publicly announced specific information on acquiring idle land projects, covering 5,314 plots with a total funding scale of 6,034.33 billion yuan [1] - The issuance of land reserve special bonds has been relatively slow, with only over 200 billion yuan issued in the first half of the year compared to nearly 500 billion yuan in announced projects [2] Group 2: Project Characteristics - Over 80% of the land acquisition projects involve local state-owned enterprises or city investment subsidiaries, with a minimal share from private enterprises, and the land types primarily include comprehensive, residential, and commercial properties [2] - The average negotiation period for project pricing has exceeded four months, indicating challenges in pricing agreements between government and enterprises [3] Group 3: Future Outlook - The issuance of land reserve special bonds is expected to accelerate in the second half of the year as more regions join the program, with 26 provinces and cities having issued or planned to issue bonds totaling 545.15 billion yuan [2] - Despite operational challenges, local governments are gradually implementing policies tailored to regional land market conditions, indicating a proactive approach to land reserve projects [3]

Core Viewpoint - The Bank of Japan is steadily moving towards its inflation target of 2%, with the central bank's governor reaffirming the intention to continue raising interest rates [1] Group 1: Inflation and Labor Market - The overall inflation rate in Japan is progressing towards the 2% target set by the central bank [1] - The labor market remains tight, exerting upward pressure on wage levels due to structural changes such as a declining working-age population [1] - Companies are passing production costs onto food prices and other goods and services, indicating a mechanism of synchronized wage and price increases [1] Group 2: Economic Outlook and Interest Rates - The governor believes that significant changes in corporate wage and pricing behavior have occurred in a tightening labor market, indicating a steady approach to the 2% inflation target alongside wage growth [1] - Unless there is a major negative shock to the Japanese economy, the labor market is expected to remain robust [1] - The central bank will continue to raise interest rates based on improvements in the economy and prices, given the very low real interest rates in Japan [1] Group 3: Government Initiatives - The Japanese Prime Minister aims to achieve synchronized wage growth and price increases to promote a virtuous cycle of wages, consumption, and corporate profits for fiscal sustainability [1] - The government has decided to introduce tax incentives for capital expenditures to help build critical supply chains [1]

Group 1: Federal Reserve Policy and Inflation - The Federal Reserve has resumed policies that could stimulate inflation, including a new plan to purchase $40 billion in U.S. Treasury bonds monthly, marking a new phase of debt monetization [1][2] - The recent interest rate cut of 25 basis points aligns with market expectations, and the Fed's bond purchasing plan is seen as a rapid policy shift from previous asset reduction [1][2] - The expansion of the Fed's balance sheet is expected to exceed $10 trillion by 2026, reflecting underlying pressures in the financial system, particularly in the banking sector [2][3] Group 2: Precious Metals Outlook - Silver prices have surged, indicating a shift towards monetary and supply-driven demand, with a breakthrough above $50 per ounce seen as a critical technical event [4] - Expectations for silver prices to reach $100 per ounce by 2026 are considered realistic, with potential for even higher prices if monetary instability increases [4] - Gold prices are projected to reach at least $5,000 per ounce, as the rise in silver prices often signals greater pressures within the financial system [5] Group 3: Mining Stocks and Market Dynamics - Mining stocks are currently undervalued relative to metal prices, despite strong performance in 2025, with profit margins for gold producers reaching historical highs [6] - The shift of capital from speculative assets to tangible assets is reflected in the resurgence of gold and silver [6] Group 4: Risks and Market Sentiment - A potential collapse of investor confidence in U.S. fiscal and monetary credibility is highlighted as a significant risk for 2026, with failed Treasury auctions serving as a possible catalyst for more aggressive Fed intervention [8] - The current inflation and rising precious metal prices are undermining market confidence in U.S. Treasury securities, suggesting an impending currency crisis [8]

Core Insights - The banking and trading sectors are expanding their precious metals trading and storage capabilities to capitalize on the record surge in gold prices this year, marking a significant opportunity in the financial industry [1] - Gold and silver prices have recently accelerated, with spot gold surpassing $4,500 per ounce and silver crossing $70 per ounce, resulting in year-to-date increases of 71% and 150%, respectively [1] Group 1: Revenue Growth - Major banks' precious metals trading departments have seen a 50% increase in revenue in the first nine months of this year compared to the same period in 2024 [2] - The revenue from precious metals trading for 12 leading banks reached approximately $1.4 billion from January to September, indicating that 2025 could be the second-best year for bank gold trading, following 2020 [2] Group 2: Market Participation and Competition - Banks that previously closed their precious metals trading departments, such as Société Générale, Morgan Stanley, and Sumitomo Mitsui Banking Corporation, are re-entering the market and expanding their teams [3] - Non-bank competitors, including Swiss refiner MKS Pamp and financial platform StoneX, are also enhancing their precious metals trading operations, indicating increased competition in the sector [3] Group 3: Storage Business Revival - The storage business, once considered dull and low-margin, is regaining popularity among banks, with many exploring or already engaged in this area [4] - Citigroup is reportedly considering opening a vault, while MKS Pamp has expanded its operations and aims to become a leading player in the precious metals industry [4] Group 4: Advantages and Challenges - Wall Street banks possess significant advantages due to their large balance sheets, which have become crucial as smaller traders face funding challenges amid rising gold prices [5] - Non-bank competitors have specialized advantages in physical gold procurement, which is complex due to compliance with "good delivery" standards, making banks hesitant to engage early in the supply chain [6]

AI（人工智能）芯片龙头英伟达拿下潜在竞争对手、芯片初创公司Groq的核心班底。 此外，分析指出，美国科技巨头正在投入巨资，通过各种类型的许可协议聘请顶尖AI人才，从而降低 触发反垄断审查的可能性。 据外媒报道，罗斯曾表示，Groq设计带有嵌入式内存，这意味着其芯片的生产和部署速度比GPU更 快，功耗也更低，而GPU通常能耗很高，且对于训练模型更为必要。 英伟达方面表示，Groq的低延迟芯片对输入的响应速度极快，将为英伟达的产品带来新的能力，帮助 其开拓新的市场领域。 今年7月，谷歌以24亿美元引进AI编程公司Windsurf的人才和技术。今年6月，Meta以143亿美元的价格 收购了AI数据标注公司Scale AI 49%的股份，并让后者的创始人兼CEO亚历山大·王（Alexandr Wang） 加入了Meta，领导Meta的AI部门。苹果、微软和亚马逊也都在近两年进行过类似的交易。 在一封内部邮件中，英伟达CEO黄仁勋写道："我们计划将Groq的低延迟处理器整合到英伟达的AI工厂 架构中，以服务更广泛的AI推理和实时工作负载......虽然我们正在吸纳Groq的优秀人才并获得其知识产 权许可，但我们并没有 ...

此前，邓承浩用十个字概括了L06最核心的竞争力："公路磁悬浮，智驾老司机。"他解释，"磁流变悬 架"是市场唯一供给，源自军用技术，此前仅用于顶级豪车；"智驾老司机"则指L06标配带激光雷达的城 区NCA，实现"人无我有"。 据了解，深蓝L06主打"磁流变悬架"技术，官方称其为中国品牌首款搭载该系统的量产车型。该系统具 备10毫秒级响应能力，可实现全场景自适应软硬调节。智能驾驶方面，车辆配备包括1颗激光雷达在内 的27颗传感器，搭载双地平线J6芯片，算力达256TOPS，支持高速与城市领航辅助等90项智能驾驶功 能。 凤凰网科技讯12月25日，近日，有网友在社交平台发布自己在小鹏M03与深蓝L06之间的深度对比试驾 体验，并最终选择深蓝L06，由此引发了关于智能辅助驾驶新能源购车选择的讨论。对此，深蓝汽车董 事长邓承浩回应称，感谢用户对深蓝的认可，小鹏是可敬的友商，未来将继续专注于以安全为基石的智 能辅助驾驶研发。 ...

凤凰网科技讯12月25日，影石创新创始人兼CEO刘靖康发文称，研发的同事问我"如果创新要被黑到自 闭，我们为什么要创新"，被问住了，想起了理想Mega。统计了一下，过去3年我们才送了6、7个人进 牢里，估计26年要猛增。 12月24日，刘靖康在其个人社交账号发文，对近期公司新品遭遇网络恶意攻击事件作出公开回应。他在 转发公司悬赏公告时配文称："高调的人光明正大地阴阳，低调的人在隐秘的角落里捅刀子。"并引用 了"karma is a bitch"(意为"因果报应")的英文俚语及小说《哈利.波特》中反派角色伏地魔的本名"Franklin Marvolo Riddle"。 此前，影石法务部发布公告。公告称，公司新品上市两周内，网络上集中涌现超过2500条虚假恶意内 容。为此，公司决定启动黑公关线索专项悬赏征集，对提供"恶意造谣、组织毁坏影石品牌"等行为有效 线索的个人或组织予以奖励，奖励金额从1000元至10万元不等。具体奖励标准为：线索或证据一经公司 采纳，每条奖励1000元至1万元；若后续被公安机关采纳，每条奖励将提高至1万元至10万元。 ...

Core Viewpoint - The company issued a statement addressing user concerns regarding data security, clarifying that no collaboration with the Cambodian National Tourism Board has commenced and that there has been no leakage of user privacy information [1][2]. Group 1: Collaboration Details - On September 1, the company signed a marketing cooperation agreement with the Cambodian National Tourism Board, which was intended to run from September 1, 2025, to March 31, 2026 [2]. - The agreement involved the Cambodian National Tourism Board commissioning the company to provide advertising services through its affiliated entities [2]. - The planned advertising was to launch following the visa exemption for Chinese tourists to Cambodia, but was suspended due to recent safety alerts from the Chinese Embassy in Cambodia [2]. Group 2: Data Security Commitment - The company emphasized that the cooperation agreement does not involve any data sharing and guarantees that there has been no breach of user privacy [2]. - The company has received multiple authoritative recognitions for its data and information security efforts, including ISO27001 and ISO27701 certifications, as well as various security assessments [2]. - The company is committed to maintaining user trust and will continue to implement stringent data security measures to ensure a safe travel environment for users [2].