Guan Cha Zhe Wang·2025-06-18 00:49Group 1: MiniMax and AI Developments - MiniMax announced the release of its first open-source inference model, MiniMax-M1, which competes with leading models like DeepSeek-R1 and Qwen3 [1] - The training process for MiniMax-M1 was completed in just three weeks using 512 H800 GPUs, with a computing rental cost of approximately $534,700, which is an order of magnitude lower than initial expectations [1] Group 2: AI Features and Upgrades - Doubao launched an AI podcast feature on its desktop version, allowing users to generate dialogue podcasts from uploaded PDFs or web links [3][4] - Baidu introduced the industry's first dual digital human interactive live broadcast room, enhancing marketing conversion and user experience [4] Group 3: Corporate Changes and AI Strategy - Apple’s AI and machine learning strategy senior vice president, John Giannandrea, is reportedly being sidelined due to slow progress in AI projects and misalignment with other executives [5] - Amazon's CEO Andy Jassy indicated that the company expects a reduction in its workforce in the coming years as AI tools and smart agents become more prevalent [6] Group 4: Financial Moves and Investments - SoftBank raised approximately $4.8 billion by selling shares of T-Mobile, which will fund its ambitious AI plans, including a potential investment of up to $30 billion in OpenAI [6] - Shanghai Zhaoxin Integrated Circuit Co., Ltd. received approval for its IPO on the Sci-Tech Innovation Board, aiming to raise 4.169 billion yuan for various processor projects [8] Group 5: Regulatory Developments - The U.S. Senate passed the "Genius Act," establishing a regulatory framework for stablecoins, marking a significant step in cryptocurrency legislation [7] - JD.com aims to apply for stablecoin licenses in major currency countries to reduce cross-border payment costs by 90% and improve efficiency [7] Group 6: Market Trends and Innovations - Miniso's founder discussed a four-step methodology for IP operation, emphasizing the importance of having a closed-loop system for successful product distribution [9] - China's new generation crewed spacecraft "Dream Boat" successfully completed a zero-height escape flight test, marking a significant milestone in the country's lunar exploration efforts [9]