Core Viewpoint - The article discusses the escalating conflict between the Trump administration and Harvard University regarding the admission of international students, highlighting the ideological battle between right and left in the U.S. [1] Group 1: Background - The conflict stems from student protests against U.S. support for Israel, leading the Trump administration to accuse these movements of anti-Semitism and to impose restrictions on universities, including Harvard [4] - The Trump administration froze $2.6 billion in research funding to Harvard, which is significant given that Harvard's total revenue for 2024 is projected at $6.5 billion and its expenses at $6.4 billion [4] - Harvard's international students contribute over $300 million annually in tuition, making the administration's decision to revoke its ability to enroll international students impactful [4] Group 2: Ideological Divisions - The article identifies three core ideological conflicts shaping American society: globalism vs. nationalism, liberalism vs. conservatism, and elitism vs. populism [5][6][11] - Globalists advocate for U.S. involvement in international affairs and multiculturalism, while nationalists prioritize national interests and border control [7] - Liberals focus on individual rights and social justice, contrasting with conservatives who emphasize traditional values and limited government [10] - The rise of populism, exemplified by Trump, challenges the established elite, leading to a polarized information ecosystem where both sides have increasingly divergent views on facts [12] Group 3: Political Dynamics - The article notes that the Democratic Party is reflecting on its disconnect with ordinary citizens, as many feel alienated by the party's focus on diversity and identity politics [14] - Trump's support among Asian and Hispanic voters has increased, indicating a shift in political dynamics as these groups react against extreme policies [15] - The U.S. constitutional system is described as a balancing mechanism that encourages coexistence rather than the complete victory of one side over the other [15][16]

以下文章来源于时代周报 ，作者马欢 时代周报 . 记录大时代，深读全商业。互联网新闻信息服务许可证编号：44120230006 本文来自微信公众号： 时代周报 （ID：timeweekly） ，作者：马欢，编辑：梁励，题图来自：AI 生成 当地时间5月28日，全球首富、美国"政府效率部"负责人埃隆·马斯克在社交平台上宣布，他将正式离 开特朗普政府。 截至当地时间28日，马斯克在美国"政府效率部 （DOGE） "的任期已满128天。 据中新网援引美国有线电视新闻 （CNN） 等美媒报道，一名白宫官员已证实这一消息，并称他将于 当地时间28日晚开始办理离职程序，主要包括文书工作。 按照相关规定，马斯克作为"特殊政府雇员"，在美国政府一年内服务不得超过130天。所以这一次官 宣，也算是马斯克如期兑现承诺。 为特朗普打工的这段日子，马斯克的内心或许是复杂的。 2024年美国大选期间，马斯克耗资近3亿美元助力特朗普当选总统。2025年1月20日，自特朗普就职 日起，马斯克就以"特殊政府雇员"的身份高调进入华盛顿政坛，他获得了前所未有的权力，也在联邦 政府体系内引发了争议与混乱。 这一边，马斯克声称他带领团队大刀阔斧改革 ...

Core Viewpoint - The article discusses the current state of consumer loan interest rates in China, highlighting the competitive landscape among banks and the impact of regulatory measures on lending practices [3][4][9]. Group 1: Consumer Loan Interest Rates - In the first quarter of the year, consumer loan interest rates dropped below 3% due to a "price war," but regulatory guidance since April mandates that new consumer loan products must have an annual interest rate of no less than 3% [3][4]. - Most banks are currently adhering to the 3% minimum interest rate, although some are using "coupons" to offer rates below this threshold [3][4][11]. - Despite the regulatory framework, some bank employees are reportedly subsidizing interest rates out of their own pockets to meet performance targets, effectively lowering rates to the "2s" [3][4][20]. Group 2: Performance Pressure on Bank Employees - Employees face significant pressure to meet loan issuance targets, with some reporting weekly assessments that can result in deductions from their pay if targets are not met [8][9]. - The competition for consumer loans has intensified, becoming a key growth area for banks as traditional mortgage lending slows down [8][9]. - For instance, in 2024, the balance of personal consumer loans at the Bank of Communications increased by over 150 billion yuan, a 90% year-on-year growth [8]. Group 3: Variations in Loan Products - Different banks have varying criteria for measuring performance, with some requiring only loan amount assessments while others necessitate actual withdrawals to count towards targets [7][8]. - The minimum interest rates for consumer loans are generally set at 3%, but banks offer lower rates for specific customer profiles, such as those with companies or good credit histories [12][13][15]. - Some banks are providing promotional rates through "coupons," allowing certain customers to access loans at rates as low as 2.88% [15][16]. Group 4: Future Outlook on Interest Rates - Experts suggest that while there may be attempts to lower consumer loan rates, a significant decrease is unlikely in the current environment due to ongoing competitive pressures and regulatory constraints [22][24]. - The article indicates that banks are exploring ways to manage net interest margin pressures, including enhancing customer acquisition strategies and developing tailored loan products [24].

Core Viewpoint - The article discusses Huawei's advancements in AI training systems, particularly focusing on the MoE (Mixture of Experts) architecture and its optimization through the MoGE (Mixture of Generalized Experts) framework, which enhances efficiency and reduces costs in AI model training [1][2]. Summary by Sections Introduction to MoE and Huawei's Innovations - The MoE model, initially proposed by Canadian scholars, has evolved significantly, with Huawei now optimizing this architecture to address inefficiencies and cost issues [1]. - Huawei's MoGE architecture aims to create a more balanced and efficient training environment for AI models, contributing to the ongoing AI competition [1]. Performance Metrics and Achievements - Huawei's training system, utilizing the "昇腾+Pangu Ultra MoE" combination, has achieved significant performance metrics, including a 41% MFU (Model Floating Utilization) during pre-training and a throughput of 35K Tokens/s during post-training on the CloudMatrix 384 super node [2][26][27]. Challenges in MoE Training - Six main challenges in MoE training processes are identified: difficulty in parallel strategy configuration, All-to-All communication bottlenecks, uneven system load distribution, excessive operator scheduling overhead, complex training process management, and limitations in large-scale expansion [3][4]. Solutions and Innovations - **First Strategy: Enhancing Training Cluster Utilization** - Huawei implemented intelligent parallel strategy selection and global dynamic load balancing to improve overall training efficiency [6][11]. - A modeling simulation framework was developed to automate the selection of optimal parallel configurations for the Pangu Ultra MoE model [7]. - **Second Strategy: Releasing Computing Power of Single Nodes** - The focus shifted to optimizing operator computation efficiency, achieving a twofold increase in micro-batch size (MBS) and reducing host-bound issues to below 2% [15][16][17]. - **Third Strategy: High-Performance Scalable RL Post-Training Technologies** - The introduction of RL Fusion technology allows for flexible deployment modes and significantly improves resource utilization during post-training [19][21]. - The system's design enables a 50% increase in overall training throughput while maintaining model accuracy [21]. Technical Specifications of Pangu Ultra MoE - The Pangu Ultra MoE model features 718 billion parameters, with a structure that includes 61 layers of Transformer architecture, achieving high performance and scalability [26]. - The training utilized a large-scale cluster of 6K - 10K cards, demonstrating strong generalization capabilities and efficient scaling potential [26][27].

以下文章来源于独角鲸工作坊 ，作者郁风男神 而原定的课间休息10分钟，被一些学校压缩成了"8+2"，也就是必须提前2分钟回教室。加上上节课 老师可能拖堂几分钟，能上厕所的时间只有四五分钟，如此短的时间只能勉强解决小便，如果想上大 便，还要排队等待稀少的坑位，忍受脏污的厕所环境。 这也就意味着大部分学生只能被迫忍耐便意，长时间的忍耐必然会导致肠胃出问题，久而久之，即便 有时间能排便，也发现丧失了正常排便的功能。好比卧床太久的病人想下床走动，发现已经难以迈开 腿。 我高中时就读的也是当地最好的省重点高中，但对学生的排便管理也不至于这么严苛，至少午休、晚 餐、就寝前会给予充沛的时间。上课或晚自习时如果突遇腹痛等情况，举手请假后也多能获得批准上 厕所。然而，随着教育的"进步"，师资力量的提升，校园管理的"优化"， 现在有中学生连基本的如 厕权利都被剥夺，甚至"超过一个月不排便"，这远远超乎了我的想象。 独角鲸工作坊 . 新生活，新思考。 本文来自微信公众号： 独角鲸工作坊 ，作者：郁风男神，原文标题：《中学生连排便都成奢望，是 全社会的耻辱》，题图来源：视觉中国 没想到有一天，高中生的"排便自由" （有媒体称之为"如 ...

Core Viewpoint - The article emphasizes the performance of regional banks in China, particularly focusing on city commercial banks and rural commercial banks, highlighting the economic vitality of regions like Jiangsu and Zhejiang compared to others like Guangdong and Shanghai [3][4][10]. Group 1: Regional Bank Performance - Jiangsu and Zhejiang regions are identified as having strong city commercial banks, with institutions like Jiangsu Bank and Ningbo Bank showing robust performance, indicating high economic vitality [8][9]. - In contrast, banks headquartered in Shanghai, such as Shanghai Bank and Hu'nong Bank, have underperformed, attributed to the city's "deposit surplus" characteristic and intense competition [17][21]. - Guangdong, despite being the largest economy, lacks representation in the top city commercial banks, with local banks like Guangzhou Bank showing poor performance and significant declines in revenue and profit [23][25][28]. Group 2: Economic Indicators - Jiangsu and Zhejiang's GDP growth rates are 5.8% and 5.5% respectively, outperforming Guangdong's 3.5%, showcasing their economic competitiveness [9][28]. - The article suggests that examining local bank performance can provide a clearer picture of regional economic health than GDP figures alone [6][10]. Group 3: Specific Bank Analysis - Jiangsu Bank reported a 16.12% growth in asset scale, with a net profit of 31.84 billion yuan, while Ningbo Bank achieved a 15.25% growth with a net profit of 27.12 billion yuan [11]. - Chengdu Bank has shown significant growth, with a 14.56% increase in asset scale and a 10.17% rise in net profit, attributed to its focus on local infrastructure projects [38][40]. - In contrast, Guangzhou Bank's asset scale grew only 2.77%, with a net profit decline of 66%, reflecting its struggles in retail and corporate sectors [25][26]. Group 4: Risk and Asset Quality - The article notes that banks in Jiangsu and Zhejiang maintain non-performing loan ratios below 1%, indicating strong asset quality, while banks in regions like Northeast China face higher non-performing rates [5][14][58]. - The article highlights that many banks in Jiangsu and Zhejiang have high provision coverage ratios, often exceeding 300%, which helps mitigate risks associated with potential loan defaults [14][15]. Group 5: Governance and Management Issues - Governance issues are prevalent in some central region banks, with several high-level executives facing investigations, impacting their performance [70][71]. - In contrast, banks in Jiangsu and Zhejiang have fewer governance issues, contributing to their stronger performance [31][72].

Group 1: Education and Policy - Harvard University won a legal victory against the Trump administration regarding the recruitment of international students, with a federal judge approving a preliminary injunction to halt the government's policy change [2] - The U.S. government has given Harvard 30 days to contest the revocation of its ability to enroll foreign students, indicating a shift in the government's stance following judicial intervention [2] Group 2: Transportation and Travel - Starting June 5, 2025, domestic flight fuel surcharges will be waived for routes of 800 kilometers or less, while routes over 800 kilometers will incur a fee of 10 yuan per passenger, a reduction of 10 yuan from previous charges [3] Group 3: Consumer Goods and Retail - Pop Mart's Labubu has transitioned from a niche designer toy to an international trend icon, generating approximately $400 million in revenue last year, with recent product launches selling out within minutes [4] - Due to overwhelming demand and safety concerns, Pop Mart has suspended Labubu sales in the UK after incidents of violence during purchase attempts [4] Group 4: Automotive Industry - Hyundai is considering a 1% price increase across all its products in the U.S. to mitigate the impact of tariffs imposed by the Trump administration, with the price hike potentially starting next week [10] Group 5: Technology and Innovation - E-signature company e签宝 launched China's first intelligent contract agent, which can significantly reduce contract processing time by 60%-80% and achieve a risk identification rate of 90% [12] Group 6: Corporate Actions - Nvidia's CEO, Jensen Huang, plans to sell up to 6 million shares of the company's stock, while the CFO intends to sell up to 500,000 shares [8][9] - Yushu Technology has changed its name to Hangzhou Yushu Technology Co., Ltd., raising speculation about a potential IPO, although the company claims it is a routine operational change [11] Group 7: Financial Regulation - The U.S. Securities and Exchange Commission voluntarily withdrew its lawsuit against Binance, which accused the exchange of misleading investors and violating securities laws [14]

Core Viewpoint - Nvidia's Q1 FY2026 earnings report shows a 69% year-over-year revenue increase to $44.1 billion, exceeding market expectations, but net profit fell short of projections, leading to mixed market reactions [2][3]. Group 1: Financial Performance - Nvidia's revenue for the data center business reached $39.11 billion, a 73% year-over-year increase, with Blackwell chips contributing nearly 70% of this revenue [6][8]. - The gaming graphics card segment generated $3.8 billion in revenue, a 42% increase year-over-year, surpassing analyst expectations and setting a record for the division [9]. Group 2: Product Transition and Market Demand - The transition from Hopper to Blackwell architecture has been smoother than anticipated, with significant increases in GPU deliveries, from 30,000 units in Q4 to 72,000 units per week in Q1 [6][7]. - Despite initial concerns about demand, the AI industry's appetite for Nvidia's products remains strong, with expectations for further growth in Blackwell demand in the coming quarters [8]. Group 3: Challenges in the Chinese Market - Nvidia faces significant challenges in the Chinese market due to the H20 chip export ban, resulting in $2.5 billion in unfulfilled orders and $4.5 billion in inventory write-downs [11][12]. - The inability to access the Chinese AI chip market, projected to reach $50 billion in the next two to three years, poses a substantial loss for Nvidia [10][14]. - Nvidia's CEO expressed concerns that the loss of the Chinese market may be irreversible, complicating future product launches and market strategies [14][16].

Core Viewpoint - The article discusses the rising prices of baked goods, particularly the corn tart, which has sparked consumer dissatisfaction and highlighted broader industry issues related to pricing and consumer behavior [3][4][16]. Group 1: Price Discrepancies and Consumer Reactions - The corn tart, priced at 48 yuan, has become a symbol of overpriced baked goods, with consumers expressing outrage over the disparity between the low cost of corn and the high retail price of the tart [3][4][10]. - The emergence of the corn tart has led to a surge in consumer interest, with significant social media engagement, including 7 billion views on Douyin and 67.15 million on Xiaohongshu [7][8]. - Many consumers have reported dissatisfaction with the taste and quality of the corn tart, leading to a wave of negative reviews and discussions about its value [10][11]. Group 2: Market Trends and Consumer Behavior - The article notes a cyclical nature in the popularity of baked goods, with the corn tart currently replacing previous trends like butter rice cakes [6]. - The pricing of baked goods varies significantly among different vendors, with some offering corn tarts for as low as 6 yuan, indicating that high prices are not universal across the market [10][11]. - Consumer behavior is influenced by social media trends, leading to impulsive purchases driven by curiosity and peer pressure, as seen during events like the Guangzhou bread festival [8][10]. Group 3: Industry Insights and Future Outlook - The corn tart phenomenon reflects a broader trend in the baking industry where novelty items can command high prices, but sustainability in the market often requires a return to more reasonable pricing [22]. - Historical examples of once-popular baked goods, such as the "dirty" bread, illustrate that while some items may achieve lasting popularity, many will fade as consumer interest wanes [21][22]. - The article emphasizes that for baked goods to remain in the market long-term, they must balance quality and affordability, moving away from the high-margin strategies that characterize many current trends [22][23].

九边 . 2023年印象笔记收藏量排第一的公号 本文来自微信公众号： 九边 ，作者：九边，题图来自：视觉中国（2016年2月20日，印度罗赫塔克 当地爆发种姓抗议） 不知道大家想过这样的问题没？ 以下文章来源于九边 ，作者九边 印度种姓制那么残酷，为啥占据人口绝大多数的低种姓能坦然接受？种姓这玩意到底能不能一眼区 分？如果不能区分，那低种姓到底可不可以冒充高种姓？ 这个话题我也是想了很久，直到最近跟一个同事没少聊这事，感觉有点弄明白了。这个同事以前是文 科专业，研究方向就是东南亚，大学课程就有印地语。毕业之后没找到正经工作，于是决定先去印度 旅游，在那边被我们公司发现他会说不太流利的印地语，就招成了销售，然后一呆就是十来年。 不过他也表示，他对印度也只是略懂。印度这个国家太乱了，各地差距极大，根本没法完全弄明白。 这倒也正常，我在北京混了十几年，也不敢说对这里有多了解。所以文章疏漏和错误是难免的，请大 家见谅。 跟他聊的过程中，我才发现以前理解的很多都是错的，当然了，他也表示印度是个极度复杂的地方， 南印和北印的差距比中国和日本的差距都大，甚至很多地方语系都不一样。比如他现在会说印地语， 但在很多地方依旧没法 ...