Core Viewpoint - China has officially allowed the export of autonomous driving data, indicating a significant shift in the regulatory stance towards data security and market openness [4]. Group 1: Impact on Tesla - The new policy is a clear benefit for Tesla, as it can now access real road condition data, which was previously restricted, enhancing its Full Self-Driving (FSD) training capabilities [4]. - With the data access, Tesla is expected to rapidly train models for FSD, potentially introducing a subscription model to lower the entry barrier for consumers [5]. - The anticipated improvements in FSD experience in China, combined with Tesla's strategy for a cheaper model, may lead to a significant sales surge in the fourth quarter [5]. Group 2: Implications for Domestic Companies - Domestic autonomous driving companies like Huawei, Xpeng, and Li Auto may feel uncomfortable as their accumulated data will now be shared with foreign competitors [4]. - This policy could pressure local firms in the short term but may also encourage a shift from price and marketing wars to genuine technological competition [4]. Group 3: Global Competitive Landscape - The policy reflects a balanced approach to market governance, treating both domestic and foreign companies equally, which enhances China's international image [4]. - The move is seen as a strategic step for China to position itself as a leading player in the global autonomous driving industry [4]. Group 4: Robotaxi Developments - Tesla's Robotaxi testing has generated significant attention, marking a potential paradigm shift in transportation and creating substantial industry restructuring opportunities [11]. - The successful deployment of Robotaxi could redefine not only personal transportation but also the broader logistics and mobility landscape [11]. - Tesla's approach, relying on pure visual AI rather than high-definition maps, allows for greater adaptability and scalability compared to competitors like Waymo [12].

欢迎大家 点击【预约】 按钮 文字版速览 预约 我 下一场直播 本文重点 观点来自： 6 月 16 日本周一直播 【 强 烈建议直接看】 本段视频精华，逻辑更完整 自动驾驶系统要像老司机一样理解复杂的交通场景，不仅是识别路况，更要对潜在风险做出预判——例 如，看到前车旁边有人过马路被遮挡，系统要能预测行人可能出现的位置，从而保证行车安全和平稳。 没有对物理世界和事件的深刻理解，自动驾驶无法实现真正的安全与智能。 更广泛来看，具备成熟世界模型的机器人将极大提升生产力，推动经济飞速发展，带动运输、物流、公 共和私人交通等行业变革。我认为，拥有这一技术优势的企业将成为未来市场的最大受益者，提前布局 相关机会尤为重要。 此外，量子计算技术也在加速发展。黄仁勋最近在欧洲演讲中提到，量子计算的拐点即将到来，这将进 一步促进科学研究和AI进步，加速人类科技革命的步伐。我认为，这场科技革命的节奏将越来越快， 未来几年内我们可能迎来多次类似蒸汽机或电力革命级别的突破，全球经济和社会结构都将因此发生深 刻变革。 以上内容仅为案例展示，不构成投资建议，投资有风险，交易需谨慎。 注：基金投顾服务由盈米--小帮投顾服务团队提供!投资有 ...

欢迎大家 点击【预约】 按钮 预约 我 下一场直播 本文重点 具体来说： 这套分档体系是依据北大教育学院的研究和数据支持，避免了主观臆断，确保策略的科学性和可靠性。 产品不仅帮考生自动筛选符合 三档策略 的学校专业组合，减轻了手动检索繁琐的工作负担，还集成了 强大的AI咨询功能。考生和家长可以直接用自然语言提问，了解专业就业前景、毕业去向、考研和留 学机会等多维度信息。同时，支持根据地域、专业特色和个性化需求进行灵活搜索，比如查询某个城市 的高校列表，或根据自身优势弱点推荐合适专业。 目前由于2025年最新数据尚未发布，我们暂时采用2022-2024年三年历史录取数据供大家体验，数据更 新后即可支持实时精准填报。 产品价格方面299元，定价相对合理且低于市场同类产品，适合个人使用，也非常适合作为高考季贴心 礼物送给亲友。 观点来自： 6 月 16 日本周一直播 【 强 烈建议直接看】 本段视频精华，逻辑更完整 "甜"个志愿 我们推出的"甜个志愿"小程序已正式上线，大家可以通过微信搜索"甜个志愿"找到并体验。该产品基于 北大教育学院的权威策略体系，专注于为高考考生提供科学、透明的志愿填报参考，主要分为"保 底" ...

Coreweave Overview - CoreWeave, established in 2017, transitioned from a cryptocurrency mining company to a specialized AI cloud computing service provider, operating 32 data centers and deploying over 250,000 NVIDIA GPUs by the end of 2024 [11][12]. Business Model and Revenue Mechanism - CoreWeave operates on a "light asset + high premium" AI computing rental model, focusing on GPU leasing and infrastructure rental, with a revenue structure heavily reliant on major clients like Microsoft [14][22]. - The company reported a revenue of $1.92 billion in 2024, with GPU bare metal leasing contributing 68% of total revenue [14][20]. Financial Performance - CoreWeave's revenue surged from approximately $0.16 million in 2022 to $1.92 billion in 2024, reflecting a compound annual growth rate of 737%, while net losses increased from $31 million to $863 million during the same period [18][20]. - The company has a significant customer concentration risk, with 77% of revenue coming from two major clients, primarily Microsoft [22]. Growth Drivers - The capital expenditure increased dramatically from $2.8 billion in 2023 to $8.5 billion in 2024, expanding GPU cluster capacity threefold [23]. - A shift in pricing strategy improved operational efficiency, reducing the average cost per dollar of revenue from $1.31 in 2023 to $0.76 in 2024 [24]. Future Outlook - CoreWeave anticipates a revenue of $4.9 to $5.1 billion in 2025, driven by partnerships and unfulfilled contracts [31]. - The company aims to achieve an adjusted operating profit of $800 to $840 million, indicating the potential for profitability as scale effects materialize [32].

本文重点 观点来自： 6 月 11 日本周三直播 欢迎大家 点击【预约】 按钮 预约 我 下一场直播 日本市场则仍处于加息周期，整体处于流动性收缩状态。日本经历了30年通缩和异常宽松的货币政策， 目前正尝试回归正常化，包括提高利率和缩减国债规模。短期内这种政策调整导致市场表现乏力，表现 较弱。日本市场适合机会主义操作，若出现暴跌则是介入机会，否则维持观望。作为发达国家，日本治 理和基本面仍较稳健，但目前吸引力有限。 德国市场暂时未重点跟踪，主要因为其与美国市场高度相关，关注美国市场即可代表对德国的关注。 黄金方面，目前处于高位整理阶段。央行持续买入黄金，形成支撑，避免价格大幅下跌。美国美元走势 偏弱，短期难见显著反弹，因此黄金仍具备相对吸引力，适合作为配置资产。 总结来看，印度由于政策利好兑现且估值偏高，短期建议止盈谨慎；越南经济健康、估值合理，值得继 续关注；日本加息周期内表现乏力，适合等待机会；黄金保持稳定，美元弱势下仍可配置。朋友们如有 兴趣，可以关注我们全球配置的思路和服务，结合宏观与资产配置，实现收益稳健的目标。 以上内容仅为案例展示，不构成投资建议，投资有风险，交易需谨慎。 注：基金投顾服务由盈米 ...

欢迎大家 点击【预约】 按钮 预约 我 下一场直播 本文重点 观点来自： 6 月 9 日本周一直播 谷歌未来的目标是实现通用人工智能（AGI），即让机器具备与人脑同等的通用智能能力。DeepMind 团队对AGI有清晰定义，认为通用智能即机器能像人脑一样处理各种任务。尽管现阶段AI在某些简单任 务仍有不足，但正在不断弥补"认知漏洞"，逐步向真正的通用智能靠近。 【 强 烈建议直接看】 本段视频精华，逻辑更完整 谷歌与特斯拉被认为是最接近实现"世界模型"的两家公司，谷歌依托YouTube海量视频数据，特斯拉则 依靠车辆摄像头采集的现实世界数据。这些多维度的现实数据对训练通用智能极为关键，远超单一文本 数据的深度。 文字版速览 总的来说，谷歌的AI技术不仅扎实，更具备创新和超越的潜力。未来几年，谷歌AI有望在智能发现、 模型完善以及通用智能方向实现突破，继续保持其在AI领域的领先地位。作为关注AI发展的朋友，我 认为谷歌值得持续跟踪和关注。 谷歌作为AI领域的重要玩家，其发展历程和技术积累值得深入分析。谷歌母公司Alphabet的架构设计十 分巧妙，它将多个创新子公司独立运营，如Google、DeepMind、I ...

Core Viewpoint - The article discusses Elon Musk's unconventional approach to problem-solving and leadership, highlighting his extreme dedication and willingness to take risks in order to achieve his goals, particularly in the context of Tesla and its future developments, such as Robotaxi [2][8]. Group 1: Elon Musk's Leadership Style - Musk is characterized as someone who is not afraid to express his opinions and emotions, often engaging with negative content about others, which reflects his bold personality [2]. - His approach to challenges is extreme; for instance, during the development of the Model S, he slept at the factory to ensure the project’s success [2]. Group 2: Tesla's Product Development - The Model Y has faced initial issues but has seen increased sales, although user experience concerns, such as the sunshade design, have been raised [7]. - Musk prioritizes overall system optimization over individual user comfort, which is evident in the design philosophy of Tesla vehicles [7]. Group 3: Future Developments and Robotaxi - The upcoming Robotaxi launch on July 8 is seen as a pivotal moment for Tesla, as it aims to create a comprehensive autonomous driving system that integrates vehicles, chips, algorithms, and dispatching [8]. - If successful, Tesla could transition from a traditional car manufacturer to a data and network-driven company, fundamentally changing its business model [8]. - Despite short-term sales pressures, Musk's strategy is to push forward rather than resort to price cuts, demonstrating his resilience and determination [8].

Core Viewpoint - The article discusses the rising popularity of stablecoins, which are blockchain-based digital currencies pegged to traditional currencies like the US dollar, highlighting their mechanisms and advantages over traditional financial systems [3][4]. Summary by Sections Nature of Stablecoins - Stablecoins, such as USDC and USDT, are designed to maintain a 1:1 value with the US dollar by backing each issued coin with equivalent assets, typically short-term US Treasury bonds [3]. - This mechanism ensures that stablecoins are not "air coins" without real asset backing, providing a sense of security and stability in their value [3]. Advantages of Stablecoins - Stablecoins leverage blockchain technology, which significantly enhances the efficiency of cross-border transactions, reducing transfer times from 1-3 days via the SWIFT network to under 10 minutes [4]. - Transaction fees are drastically lowered from 1-8% to approximately 0.1%, making stablecoins a cost-effective alternative for payments [4]. - They operate 24/7 and offer a degree of anonymity, with the potential to integrate smart contracts for automated payments, similar to existing payment systems like Alipay [4]. Current Use and Future Potential - Currently, stablecoins are primarily used for small payments due to existing security risks, especially in large transactions [4]. - In the long term, stablecoins are viewed as a potential disruptive force in cross-border payments, akin to the revolutionary impact of AI on traditional industries and smartphones on feature phones [4].

Group 1 - The overall attitude towards A-shares and H-shares is changing due to significant challenges in the Chinese economy, including negative inflation data and slowing export growth [2] - A-shares have been in a continuous adjustment phase for eight months since October 8 of the previous year, indicating a difficult market environment [2] - Current A-share valuations are at the 55th percentile, which is not significantly cheaper compared to the Nasdaq at the 58th percentile, leading to a cautious outlook [2] Group 2 - Future movements of A-shares could either be a decline followed by a rise or a direct reversal upwards, with strategies prepared for both scenarios [3] - The Hong Kong stock market is closely related to A-shares and has recovered from previous declines, nearing new highs, but is currently at the 70th percentile in terms of valuation, indicating high market expectations [3]

Group 1: Core Views - The article discusses various investment strategies and their performance in the current market environment, emphasizing the importance of stability and risk management in investment portfolios [10][11][20][21]. Group 2: Investment Compositions - **省心债组合 (Peace of Mind Bond Portfolio)**: This bond portfolio showed a modest increase of 0.2% in May and 1.7% year-to-date, highlighting its stability and lower volatility compared to other asset classes [10][11]. The portfolio is primarily composed of interest rate bonds and high-rated credit bonds, which are less sensitive to interest rate changes [10]. - **睿定投全球版组合 (Smart Global Investment Portfolio)**: This portfolio increased by 4.3% in May, driven by a strong rebound in the U.S. tech sector, particularly AI-related stocks like Nvidia [13][14]. The year-to-date performance stands at 9.4%, showcasing its focus on structural investment in global assets [13]. - **懒人均衡组合 (Lazy Balanced Portfolio)**: This portfolio rose by 2.0%, maintaining a balanced approach between equity and bond assets, effectively reducing market volatility's impact on net value [17][18]. It includes a mix of U.S. tech, A-share new energy, and pharmaceutical sectors [17]. - **红利组合 (Dividend Portfolio)**: Focused on companies with stable cash flow and dividend capabilities, this portfolio aims to provide steady returns and reduce volatility, especially in uncertain market conditions [20][21]. - **小帮港股通组合 (Hong Kong Stock Connect Portfolio)**: This portfolio targets high-potential companies in the Hong Kong market, balancing blue-chip and innovative firms to capture structural opportunities while managing risks [23]. - **小帮美股组合 (U.S. Stock Portfolio)**: Concentrating on quality growth and value stocks in the U.S. market, this portfolio emphasizes a balanced approach across technology, healthcare, and consumer sectors, aiming for long-term growth while mitigating risks [26]. Group 3: Market Trends - The article notes that AI-related assets are gaining prominence, with market expectations for their commercialization gradually materializing [14]. The focus on structural opportunities in technology and the importance of maintaining a balanced portfolio in response to market fluctuations are highlighted [18][26].