ur 你们都干! 什! 么! r 米 0 V < V U U +X. 小猫小狗一听到我训斥它 们就躲起来了, 是不是代 G 表着它们能听懂我说话? no～它们可听不懂你话的 具体含义,但是它们能 ) D 做出对应的反应,全凭 自己"分析"。 此话怎讲? 本文来自微信公众号：极简史，作者：菜菜子，绘制：罐，监制：饿发，题图来自：Ai生成 G 首先宠物的大脑并没有进化出处理人类语言含 义的区域。它们主要通过感知人的语气、肢体 动作,以及关键高频词汇的关联,来判断人说 话时传达的意思。 这是你干的? de 数据线的 户体 以小狗为例，人类的语气大概占它们判断好赖 话的50%左右,这是因为狗狗的大脑的右半脑区 域,主要负责进行语调分析。 当听到主人用高亢积极的语气说话时，狗狗右半 脑因此被刺激分泌更多的多巴胺,令它们产生愉 悦感。这被狗狗解读为友好、鼓励的信号。 出去玩! 反之,当听到主人用低沉生硬的语调说话时,它 们的多巴胺分泌减少，它们会感到不安，收到威 胁,以及感到愤怒等情绪信号,类似于同类打架 前的低吼。 你又搞破坏了。 ** U 另外,有时无法判断主人语气里的喜怒时,小狗 大脑中,负责对高频关联词分析的左脑 ...

Core Viewpoint - Ferrari is choosing to advance its electric vehicle (EV) strategy while other luxury brands are slowing down their electrification efforts, showcasing its commitment to delivering unique driving experiences through electric technology [1][4][36]. Group 1: Product Development - Ferrari has officially revealed details about its first all-electric model, internally codenamed "Elettrica" [2]. - Unlike expectations, "Elettrica" is not a supercar but a practical four-seat GT aimed at expanding the customer base rather than converting existing fuel vehicle owners [5][36]. - The vehicle will be designed in collaboration with Jonathan Ive's design firm, Lovefrom, known for iconic Apple products [10]. Group 2: Technical Features - "Elettrica" will feature a unique sound system that enhances the driving experience by amplifying mechanical vibrations, providing a more authentic auditory feedback compared to conventional speaker systems [13][14][16]. - The car will have a total output exceeding 986 horsepower, with a 0-100 km/h acceleration time of 2.5 seconds and a top speed of approximately 309 km/h [18][19]. - It will be equipped with a 122 kWh battery, offering a WLTC range of over 530 km and a maximum charging power of 350 kW [23]. Group 3: Performance and Dynamics - The four-motor layout allows for complete torque distribution to all four wheels, enhancing agility and stability [22]. - The vehicle's design will lower its center of gravity by 80 mm compared to the Purosangue model, optimizing weight distribution [26]. - "Elettrica" will incorporate an advanced suspension system capable of measuring dynamic parameters 200 times per second, ensuring optimal handling [28]. Group 4: Market Positioning - Ferrari aims to attract customers who typically do not consider purchasing a Ferrari, emphasizing that electric vehicles can complement the brand's driving characteristics [7][36]. - Despite initial hesitations about the market's readiness for high-performance electric vehicles, Ferrari is committed to moving forward with the project to meet customer expectations [35][36].

Core Insights - The article emphasizes the critical role of rare earth elements in the AI supply chain, particularly focusing on the dominance of China in the supply of medium and heavy rare earths, which are essential for AI chip performance and supply stability [2][13][19]. Group 1: Importance of Rare Earths - Rare earths serve as a key lever that determines the performance limits and supply stability of AI chips, with their unique atomic-level physical properties making them irreplaceable in the short term [2][7]. - The concentration of medium and heavy rare earths in China gives it a near-monopoly over the entire supply chain, from mining to refining and manufacturing components [2][12][20]. Group 2: Economic Impact - A mere 0.1% content of rare earths can significantly influence the global AI supply chain, affecting everything from advanced logic chips to power transmission in electrical devices [3][4]. - The AI sector has become crucial to the U.S. economy, contributing nearly half of the global trade growth this year, with concerns that strict export controls from China could lead to an economic downturn in the U.S. [4][12]. Group 3: Regulatory Environment - The U.S. has begun to implement measures to rebuild its rare earth supply chain, but progress has been slow, primarily focusing on light rare earths rather than the more critical medium and heavy rare earths [13][15]. - Recent export controls by China have expanded to include 12 out of 17 rare earth elements, highlighting the strategic importance of medium and heavy rare earths in the global market [14][19]. Group 4: Technological Challenges - The extraction and processing of rare earths are complex and require significant investment, with the U.S. facing challenges in scaling up production to meet demand [15][24]. - The unique electronic structures of medium and heavy rare earths make them difficult to substitute, reinforcing China's dominant position in the market [23][24]. Group 5: Future Outlook - The ongoing technological innovations and trade dynamics related to medium and heavy rare earths will profoundly shape the global AI industry landscape in the long term [26].

Core Insights - Warren Buffett is making significant investments in the Japanese market, particularly in five major trading companies, with the total value of Berkshire Hathaway's holdings surpassing $30 billion recently [2][3]. Group 1: Investment Growth - Berkshire Hathaway's holdings in the five Japanese trading companies have increased from approximately $6.3 billion at the time of initial disclosure in August 2020 to about $31 billion, representing a 392% increase [2][7][8]. - The stock prices of these companies have seen substantial growth, ranging from 227% to 551% during this period [9]. Group 2: Shareholding Changes - Berkshire Hathaway has increased its stake in Mitsui & Co. to 10.1%, with a market value of around $7.1 billion as of October 10 [4]. - Similarly, the stake in Mitsubishi Corporation has risen to 10.2% from 9.7% earlier this year [5]. - For Itochu, Marubeni, and Sumitomo, while there are no recent disclosures, it is widely expected that Berkshire's holdings may also be close to or exceed 10% [6]. Group 3: Investment Rationale - Buffett's initial attraction to these Japanese trading companies was due to their perceived undervaluation, especially considering the prevailing interest rates at the time [10]. - Initially, Buffett committed not to exceed a 10% stake without permission, but this limit was later adjusted to allow for increased holdings as the investment value became apparent [11][12].

Core Viewpoint - The recent escalation in U.S.-China trade tensions, particularly regarding tariffs and export controls, has led to significant market volatility, with both A-shares and Hong Kong stocks experiencing sharp declines. The situation is exacerbated by President Trump's announcement of a 100% tariff on Chinese imports starting next month, following China's new export controls on rare earth metals [1][2][4]. Group 1: Market Reactions - Global stock markets have seen a sharp downturn, with the KWEB index for Chinese stocks rising nearly 50% earlier this year, while the S&P 500 index reached over 6700 points, with expectations of surpassing 7000 [4]. - The Shanghai Composite Index fell below 3900 points, and Alibaba's stock dropped nearly 30% since early October. The S&P 500 experienced its most severe single-day sell-off since April, declining by 2.4% [5][6]. - Hedge funds recorded their first net sell-off of U.S. stocks in seven weeks, primarily due to macroeconomic short selling, while Long Only funds net bought approximately $2.5 billion [5]. Group 2: U.S.-China Trade Dynamics - The U.S. is leveraging its position by imposing tariffs and export controls, while China is using its dominance in the rare earth market as a strategic tool. China controls approximately 88% of global rare earth oxide production and 91% of rare earth metal production [8][9][10]. - China's recent export control measures on rare earths are aimed at enhancing its strategic leverage in trade negotiations, particularly in high-tech sectors like electric vehicles and advanced manufacturing [10][12][16]. Group 3: Future Outlook - The upcoming APEC summit and potential interactions between U.S. and Chinese leaders may influence market sentiment and trading strategies, with the possibility of a "TACO" (Trump Always Comes Out) trading pattern emerging if market reactions are significant [3][25]. - The Chinese stock market retains bullish characteristics due to low interest rates, low valuations, and policy support, with significant inflows from insurance funds exceeding 600 billion yuan this year [26][27]. - For the Hong Kong market, the fourth quarter will be crucial for determining upward momentum, influenced by U.S.-China negotiations, Federal Reserve interest rate decisions, and upcoming political meetings in China [28].

Core Points - The resignation of Zong Fuli from her positions at Wahaha Group has been confirmed, indicating a significant shift in leadership [1] - The resignation is linked to compliance issues with the use of old trademarks and a strategic pivot towards a new brand, "Wah Xiaozong" [2][26] - Zong Fuli's leadership has been under scrutiny due to a trust dispute involving her late father, Zong Qinghou, and his non-marital children, which has affected her public image [6][7][8] Group 1 - Zong Fuli resigned from her roles as legal representative, director, and chairperson of Wahaha Group on September 12 [1] - The resignation comes amid controversies surrounding trademark compliance and the launch of a new brand, "Wah Xiaozong" [2][26] - Economic commentators suggest that her resignation is a response to public sentiment and reflects a necessary change in leadership [2][4] Group 2 - The trust dispute involving Zong Fuli and her father's estate has revealed complexities in her family background, impacting her reputation [6][8][10] - Zong Fuli's management style has been characterized by a focus on efficiency and results, with a preference for younger employees [15][17][18] - Under her leadership, Wahaha Group has seen a significant revenue increase, with projections for 2024 reaching approximately 700 billion to 728 billion [19] Group 3 - The ongoing trust issues and her recent resignation have led to speculation about her future role and the stability of Wahaha Group [34][36] - Zong Fuli's actions are being closely monitored in the context of state ownership and public interest, complicating her position as a female leader in a traditionally male-dominated industry [30][31] - The narrative surrounding Zong Fuli reflects broader themes of modernity and gender dynamics in corporate governance in China [22][34]

Core Insights - The concept of "Zero-Person Company" is emerging, with OpenAI potentially becoming the largest example of such a company, where the core value creation and data processing exceed human employee control [4][5][6] - OpenAI is transitioning from being perceived as a tool to becoming a comprehensive system that integrates deeply into various aspects of human society [18][19][36] Group 1: Definition and Characteristics - "Zero-Person Company" refers to a business entity that operates autonomously without human intervention, relying on advanced automation and AI [2][5] - OpenAI exemplifies this by utilizing a vast network of global users as unconscious sensors, contributing to a self-operating system [5][36] - The transformation of ChatGPT from a tool to a system signifies a broader shift in how AI is integrated into business and society [14][18] Group 2: User Contribution and Data Dynamics - Users contribute their thoughts and data to the system, effectively becoming part of a global cognitive network that enhances OpenAI's capabilities [34][36] - Each interaction with the AI represents a cognitive process, providing structured and contextual data that enriches the system's understanding of various domains [32][34] - The data generated by users is not merely quantitative but qualitative, reflecting complex thoughts and emotions [27][32] Group 3: Implications of AI Integration - The ability of OpenAI to analyze and influence human thought processes positions it as a powerful entity capable of shaping societal narratives and decision-making [39][40][56] - As AI systems become central to knowledge sourcing and problem-solving, they gain the power to define reality and influence public perception [57][70] - The role of human operators is evolving, with high-level managers becoming value setters rather than traditional managers, while users act as unpaid contributors to the system [60][63] Group 4: Ethical Considerations and Future Outlook - The emergence of "Zero-Person Companies" raises critical questions about governance, ethical implications, and the balance between AI influence and human autonomy [70][73] - The potential for AI to shape individual cognition and societal norms necessitates a reevaluation of how humans interact with these systems [70][73] - Understanding the implications of general intelligence is crucial, as it may redefine the relationship between humans and AI, emphasizing the need for careful consideration of its impact on human identity [73]

后续展望 3、关键观察节点（4个） | 九转 山口法 均线 景灰 窗 ◆ | | D-Wave Quantum QBTS | 二十二年 2017年 2017 | | Rigetti Computing RGTI | | --- | --- | --- | --- | --- | --- | | @ / @ @ @ @ 日 1.500 | 33.020 | | @ / @ @ = @ 日 中 = 51.478 | 43.920 | -3.190 | | 39.550 | | -2.050 | 49.130 | | | | | 盘后价 | 33.400盘后涨幅 | | 盘后价 | 44.380盘后涨幅 | | | 盘后涨跌 | +0.380美东时间 | | 盘后涨跌 | +0.460美东时间 | | | 交价 | | | 卖价 | | | | 买价 | | | 买价 | | | 9.610-2 | 开盘 | 35.680 换手 | | 开盘 | 47.830 换手 | | 25/820-2 | 涨跌 | -2.050 昨收 | | 涨跌 | -3.190 昨收 | | | 涨幅 | -5.85% 最高 | | 涨 ...

1800年前张家界大山突然坍塌开出神秘天门，这究竟是怎么回事？黄金宝藏是真是假，土家族小伙又为 何遭遇诅咒？今天我们就来聊聊天门山洞。 ...

Core Viewpoint - The article suggests that historical shifts are often subtle and not always marked by dramatic events, highlighting a generational change in attitudes towards work and effort [1] Group 1 - The younger generation is criticized for not being willing to engage in "involution" or overtime work, prompting a reflection on the lessons learned from previous generations about the potential lack of rewards for hard work [1]