Core Insights - OpenAI is conducting a unique experiment called "Mercury," hiring over 100 former investment banking employees to train its AI models in financial modeling and other core skills [1][2] - The project aims to teach AI how to perform tasks typically done by junior bankers, raising concerns about the future job security of entry-level positions in the finance industry [1][2] Group 1: Project Details - The "Mercury" project has recruited professionals from top financial institutions, including JPMorgan, Morgan Stanley, and Goldman Sachs, as well as talent from Brookfield Corp., Mubadala Investment Co., Evercore Inc., and KKR & Co. [2] - Participants are paid $150 per hour and are required to submit a financial model each week, using simple language to write prompts and executing them in Microsoft Excel [2] - The application process for participants involves minimal human intervention, including a 20-minute interview with an AI chatbot and tests on financial statement knowledge and modeling skills [3] Group 2: AI Learning Focus - The project emphasizes the importance of attention to detail, as junior analysts often work long hours and handle tedious tasks, such as building complex merger models in Excel [4] - According to Bloomberg columnist Matt Levine, the meticulous nature of investment banking is crucial for AI to learn, as even minor formatting errors can lead to significant trust issues [5] - Levine describes the current generative AI as "smart but careless," suggesting that the project is a form of reinforcement learning to instill the necessary attention to detail in AI [5] Group 3: Implications for the Industry - The direct goal of the "Mercury" project is to enable AI to replace the work of junior employees, raising questions about the future of the traditional apprenticeship model in investment banking [6] - Historically, junior analysts have learned skills through foundational work, but if AI takes over these tasks, it may hinder the development of future leaders in the industry [6] - The high turnover rate in investment banking means that many former analysts may not feel burdened by the prospect of training AI to replace their previous roles [6] Group 4: OpenAI's Strategic Focus - The "Mercury" project reflects OpenAI's broader commercialization strategy, targeting the lucrative financial services sector to demonstrate the value of its technology in complex business environments [7] - Despite its high valuation, OpenAI has yet to achieve profitability, prompting the company to actively explore enterprise markets [7] - The initiative indicates OpenAI's ambition to develop specialized AI tools that can be deeply integrated into corporate workflows, aiming for a significant position in the global business landscape [7]

法国顶级食材鹅肝，曾卖到2000元一斤，如今被安徽一个小县城打成了不到60元一斤的"白菜价"。那么 鹅肝是怎么被法国人捧上神坛的？中国又是怎样把价格给打下来？还有哪些顶级食材被中国打成了白菜 价呢？ ...

Core Insights - The article highlights the transformative impact of the 2017 paper "Attention Is All You Need," which introduced the Transformer architecture, revolutionizing the AI technology landscape [1] - The emergence of leading AI tools like ChatGPT and DeepSeek is directly linked to the advancements made possible by the Transformer model [1] Summary by Sections Transformer Architecture - The Transformer architecture has fundamentally changed the approach to artificial intelligence, leading to a global "arms race" in the AI sector [1] - Key concepts such as attention mechanisms, Q/K/V, multi-head attention, and positional encoding are explained in a simplified manner [1] Impact on AI Industry - The paper has catalyzed the rapid rise of major players in the AI industry, including OpenAI, showcasing the significant economic opportunities created by these advancements [1] - The narrative includes the story of eight authors who left Google to pursue entrepreneurial ventures, resulting in remarkable wealth creation [1]

穿过上海徐家汇附近的老小区，步梯六楼的尽头，是依蔓短租的家。三年前，也是秋天，她像逃离一般离开上海，北上的飞机最终降落在内蒙古海拉尔。 在此之前，她在这座城市工作生活了七年，其中近一半的时光，也租住在这附近。 依蔓曾喜欢上海，后来却只想逃离。她曾是最擅长应试的那类孩子——后来发现，这不仅塑造了她，也深深伤害了她。 从2022到2024年间，她不断离开城市，前往中俄边境的恩和草原、蒙古的森林、西班牙北部村庄、蒙俄边境的查坦部落等地，与牧民一同寻找马群，漫步 荒野，完成了一场关于"我是谁"的追问，而这也是一个"好学生"如何重建内心秩序的故事。这些都被记录在她的作品《荒野寻马》里。 《荒野寻马》，依蔓 著 江苏凤凰文艺出版社|后浪/后浪文学，2025-6 穿过狭长的回形楼梯，在一扇防盗门背后，我见到了依蔓。她赤着脚，轻快地迎到门口，像一只小鹿。脸颊上有在蒙古高原晒出的晒斑——这是两年的草 原生活，在她身上留下的印记。 "光脚可以吗？坐地上可以吗？"依蔓自然地盘腿坐下，斜靠在床边。即便只是短租几个月，她还是专门购置了一块地毯。草原加深了她原本就喜欢席地而 坐的习惯。 依蔓把膝盖藏进长裙，不断调整姿势，试图让身体处在最 ...

Core Viewpoint - The lawsuit initiated by Singapore's sovereign fund GIC against NIO for "securities fraud" centers around the control and financial boundaries of the company, rather than the technology or products themselves [1][2][5]. Group 1: Lawsuit Details - GIC accuses NIO of concealing its substantial control over its battery company, NIO Power, through the Battery as a Service (BaaS) model and complex corporate structures, leading to inflated revenue figures that misled investors [3][4]. - The lawsuit follows previous allegations from a short-selling report by a well-known firm in 2022 and a collective lawsuit from investors that year [4][31]. Group 2: Control and Financial Reporting - The core of the dispute lies in the definition of control, particularly regarding the BaaS model and whether NIO should consolidate NIO Power's financials into its own [6][9]. - GIC argues that NIO maintains effective control over NIO Power despite a minority ownership stake, which should necessitate financial consolidation under accounting rules [8][28]. Group 3: BaaS Model Analysis - The BaaS model allows NIO to sell battery assets to NIO Power, which then rents them to vehicle owners, reducing NIO's asset burden and improving financial metrics [11][12]. - This model aims to attract capital, lower vehicle costs for consumers, and enhance user retention, while also providing NIO Power with a steady cash flow [12][13]. Group 4: Accounting Standards and Implications - The lawsuit highlights the clash between GIC's interpretation of control under US GAAP and NIO's business structure, particularly regarding the treatment of variable interest entities (VIE) [24][25]. - The determination of whether NIO is the primary beneficiary of NIO Power hinges on who has decision-making authority and who bears the economic risks and rewards [26][27]. Group 5: Future Considerations - The outcome of this case could reshape how asset divestiture and financing structures are designed in capital-intensive industries, as well as how auditors and regulators define "substantial control" [33][34]. - The case serves as a reference point for understanding the complexities of financial reporting and corporate governance in innovative business models like BaaS [33].

德国工业快顶不住了，竟然盯上了印度来救场，技术移民配额一口气翻到9万，签证直接暴涨4.5倍。德 国都世界第三了，怎么还会变成"欧洲病夫"？ ...

Core Insights - Yoga is increasingly recognized as a low-cost, accessible method for mental health improvement, with the WHO designating June 21 as International Yoga Day [1][2][3] Group 1: Benefits of Yoga for Mental Health - Yoga is a gentle exercise that promotes relaxation, making it particularly suitable for individuals struggling with psychological issues [2][4] - It effectively regulates the autonomic nervous system, reducing sympathetic nervous system activity and increasing parasympathetic tone, which helps alleviate anxiety and depression [5][6] - Yoga serves as a form of deep rest, allowing individuals to achieve a calm state of mind, which is essential for mental recovery [7][8] Group 2: Yoga's Impact on Sleep - Among various exercise interventions, yoga has been found to have the best sleep-promoting effects, particularly beneficial for those with insomnia [14][16] - Studies indicate that yoga can significantly improve sleep quality and duration, especially in older adults compared to medication or no intervention [17][18] Group 3: Personal Experiences and Transformations - Individuals report that yoga has helped them manage severe depression and anxiety, providing a sense of calm and a buffer between events and reactions [10][22] - The practice fosters self-acceptance and a deeper connection with one's body, which is particularly beneficial for those with eating disorders [26][30] Group 4: Scientific Evidence Supporting Yoga - Research shows that yoga can lower cortisol levels and enhance oxytocin, which are crucial for emotional regulation and social connection [24][25] - A combination of mindfulness, breathing, and movement in yoga is more effective in alleviating depression than any single factor alone [23] Group 5: Recommendations for Practicing Yoga - The focus should be on the process rather than achieving difficult poses, especially for those with mental health challenges [41][42] - Consistent practice frequency is more important than the duration of individual sessions for achieving therapeutic benefits [44] - Emphasis on breath control during yoga practice enhances its effectiveness in promoting mental well-being [45]

本篇评级为★★★，主要围绕以下内容展开： 1、黄金历史性大跌，见顶了吗？ 2、科技板块对"利好"无感，透露什么信息？如何看四季度科技和红利？ 如有疑问请以音频内容为准，添加妙投小虎哥微信miaotou515，入群有机会与董小姐进一步交流。 新闻解读评级说明：五星重磅，四星重要，三星级以下大家选择听。 1、黄金历史性大跌，见顶了吗？ 今天，又有不少朋友感慨：金融市场再次见证历史——黄金单日居然可以暴跌5%，白银紧随其后，一 天重挫逾6%。这对2025年的"双子星"资产到底遭遇了什么？是短期坎坷，还是长期拐点？究竟该如何 判断？ 几天前，当贵金属价格刷新历史高点时，我们曾在会员直播群里提示：看似并非基本面推力，而更像金 融市场里的"游戏"——期货市场出现逼空。黄金、白银长期以稳健著称，若无突发恶性事件，很难被连 续拉爆，尤其出现多日单日涨超2%的极端行情。但若回到期货市场，多头与空头拉锯，当空头完全暴 露在火力之下，多头趁价格上涨乘胜追击，交割日前可能把空头逼至死角；空头被迫最后交货，瞬间转 为多头，成为市场最后一股拉升力量。这便是前几日"怪异暴涨"背后的主要逻辑。 然而，期货市场的上涨往往极不稳定。短期买方力量 ...

本文来自微信公众号：今心与禾火，作者：今心与禾火，本文首发于2025年6月3日，头图来自：AI生成 5月有几篇阅读量稍好的文章，做个非正式复盘： 《高位买房的人，与自己和解了吗？》：目前阅读量2w+，初始阅读量只有一百多，流量在5月初突然增加，自我分析，大概是踩中了一点时代情绪，像 我一样在高位买房的人不胜枚数，几年过去，同是天涯沦落人，大家都好奇，他人的人生有什么变化吗？ 所以我写公众号这些年，单纯为爱发电。有收入是锦上添花，没有收入也不影响我忠实地记录生活。 回看这些阅读量，也更加确信，真诚是永远的必杀技。 虽然收入不过百，但我看到了另一些更珍贵的数据——那篇写婚姻的长文，完读率是21%。意味着每5个点开的人里，就有1个人读完全文。 单篇文章带来了1094位新朋友关注我的公众号；同时，公众号里其他"精选文章"的阅读量涨了600+，这大约说明，有600人因为推荐偶然点进这篇文章， 看完产生了一点兴趣，又主动去公众号主页翻看了过去的文字。 《这个五一，钱都花在胖东来了》：阅读量不算高，但已经高于我此前发过的文章，大概也是借了一点顶流的话题性。这篇其实是游记，甚至更多在写信 阳的山水和美食，此行我很喜欢河南，食 ...

Group 1 - The article discusses the implications of Trade War 2.0 on the stock market and investments, highlighting the potential for increased volatility and uncertainty in financial markets [1] - It examines China's countermeasures in response to trade tensions, suggesting that these actions are strategic and aimed at protecting national interests [1] - The article questions whether China has the capability to escalate the situation significantly, indicating a complex interplay of power dynamics in international trade [1] Group 2 - The analysis includes potential impacts on specific sectors, noting that industries heavily reliant on exports may face challenges due to tariffs and trade barriers [1] - It also addresses investor sentiment, suggesting that uncertainty may lead to cautious investment strategies and a reevaluation of risk exposure [1] - The article emphasizes the importance of monitoring economic indicators and geopolitical developments to assess future market trends [1]