【导读】2025年底，当人类都在憧憬和等待一个全知全能的AI之神时，谷歌DeepMind却泼了一盆冷水！ 12月19日，谷歌DeepMind抛出了一个让人细思极恐又脑洞大开的新观点： 如果所谓的AGI（通用人工智能）并不是一个超级实体，而是「凑出来」的呢？ 论文地址：https://arxiv.org/abs/2512.16856 在人工智能发展的宏大叙事中，我们长期被一种单一的、近乎宗教般的想象所占据：通用人工智能（AGI）将以一个全知全能的「超级大脑」形式降临。 这种叙事深深植根于科幻文学与早期AI研究的土壤中，导致当下的AI安全与对齐研究主要聚焦于如何控制这个假设中的单体化存在。 而且包括人工智能教父Hinton等人都试图将人类价值观植入这个大脑，仿佛只要解决了这个超级单体的「心智」问题，人类的安全便有了保障。 然而，DeepMind这篇在2025年末发布的重磅论文《分布式AGI安全》犹如一道惊雷，彻底颠覆了这一根深蒂固的假设。 这种「单体AGI」假设存在巨大的盲区，甚至可能是一个危险的误导！ 它忽视了复杂系统演化的另一种极高可能性的路径，也是生物界和人类社会智慧产生的真实路径：分布式涌现。 这不仅仅是 ...

要看买什么样的开放式基金实施指数熔断的品种包括股票、基金、可转换公司债券、可交换公司债券， 但黄金交易型开放式证券投资基金、交易型货币市场基金以及债券交易型开放式指数基金除外。 2008年美国金融市场触发了熔断机制，2020年3月9日，新冠肺炎在全球蔓延，恐慌情绪引发投资者抛售 美股。道指期货开盘下跌1300点，标普500跌超7％触发第一层熔断机制。 熔断，也叫自动停盘机制，是指当股指波幅达到规定的熔断点时，交易所为控制风险采取的暂停交易措 施。 具体来说是对某一合约在达到涨跌停板之前，设置一个熔断价格，使合约买卖报价在一段时间内 只能在这一价格范围内交易的机制。 ...

（责任编辑：宋政 HN002） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容的准确性、可靠性或完整性提供任何明示或暗示的保证。请 读者仅作参考，并请自行承担全部责任。邮箱：news_center@staff.hexun.com 格隆汇11月5日｜韩国综合股价指数(KOSPI)跌5.76%，接连下破4100、4000、3900点关口。 韩国交易所在KOSDAQ 150期货下跌6%后，对KOSDAQ启用了熔断机制，程序化交易暂停5分钟。 ...

#行情 熔断后，韩国KOSPI跌超6%。韩国交易所在KOSDAQ 150期货下跌6%后，对KOSDAQ启用了熔断机制，程序化交易暂停5分钟。外汇交易员 (@myfxtrader):韩国交易所在韩国综合股价指数200期货下跌5%后，对KOSPI指数启用了熔断机制，程序化交易暂停5分钟。 ...

Market Volatility - South Korea's KOSPI experienced a decline exceeding 6% following a trading halt [1] - The Korea Exchange activated a circuit breaker for the KOSPI index after KOSPI 200 futures fell by 5% [1] Trading Disruption - Program trading was suspended for 5 minutes due to the circuit breaker activation [1]

Core Viewpoint - The article discusses the catastrophic stock market crash on October 19, 1987, known as "Black Monday," which saw the Dow Jones Industrial Average drop by 508 points, a staggering 22.6% decline, marking the largest single-day drop in history, surpassing the 12.8% drop during the Great Depression [1][7][20]. Market Reaction - On October 14, 1987, the U.S. Treasury Secretary announced an oil embargo against Iran, which led to rising bond yields and growing unease among traders [3]. - The Dow Jones index experienced a significant drop of 108 points on October 16, 1987, indicating the beginning of market instability [3]. - On October 19, 1987, the market opened with overwhelming sell orders, leading to a rapid decline in the Dow, which fell 67 points by 9:30 AM and continued to drop throughout the morning [5][7]. Global Impact - The crash was not confined to the U.S. markets; Asian markets were hit first, with the Hong Kong Hang Seng Index plummeting 11.3%, leading to a four-day market closure [8]. - European markets followed suit, with the London FTSE index dropping 10.8%, marking its largest single-day decline [10]. Individual Experiences - Traders and fund managers faced significant losses, with one trader recalling a loss of approximately $30-40 million [10][12]. - The day was marked by panic, with traders overwhelmed by the volume of sell orders and the rapid market decline [12]. Government Response - In response to the crisis, the U.S. government initiated a market rescue operation, with the newly appointed Federal Reserve Chairman Alan Greenspan facing immense pressure to stabilize the situation [12][14]. - The Federal Reserve announced its readiness to provide liquidity support and began purchasing government bonds to encourage lending, which helped to calm market fears [14]. Recovery - The market rebounded quicker than expected, with the Dow recovering half of its losses by the end of 1987 and fully recovering within two years [15]. - The crash led to regulatory changes, including the introduction of circuit breakers to prevent similar occurrences in the future [16][20]. Causes of the Crash - The article highlights that program trading was a significant factor in exacerbating the market decline, although it was not the root cause [16]. - Global monetary policy coordination failures and the effects of market globalization were also cited as contributing factors to the crash [18].

Core Insights - The overall price of hairy crabs is lower this year compared to last year, with specific price reductions noted for different sizes of Yangcheng Lake female crabs [5][9] - The supply of crabs is expected to increase as the season progresses, leading to a potential decrease in prices [6][8] Price Comparison - Prices for Yangcheng Lake female crabs are reported as follows: 2.8-3.2 taels at 59.9 yuan each this year compared to 69.9 yuan last year, and 2.3-2.7 taels at 36.9 yuan this year compared to 39.9 yuan last year, indicating a decrease of 10 yuan and 3 yuan respectively [5][6] - Other regions, such as Liaoning, show similar trends with prices for crabs being lower than last year [5] Supply and Production - The production of Yangcheng Lake hairy crabs is reported to be 10,350 tons this year, an increase of 450 tons from last year, with a higher proportion of larger crabs [7] - The overall crab production in the Jiangsu province is expected to be 20% higher than last year due to favorable weather conditions [8] Market Regulations - A new "circuit breaker mechanism" has been introduced to regulate online sales of Yangcheng Lake hairy crabs, aimed at preventing overselling and false advertising [8] - Boxed crab retailers like Hema have implemented a grading standard and a new electronic inspection system to ensure quality [8]

Core Viewpoint - The 1987 stock market crash, known as "Black Monday," was a significant economic event that caused a global financial crisis, but it did not lead to the collapse of the Western economic system as many feared [3][18]. Group 1: Causes of the Crash - The stock market bubble formed during the 1980s due to rapid economic growth driven by technological advancements, leading to excessive speculation and high returns expectations [13][15]. - The market began to show signs of decline in 1987, with major companies' stock prices starting to falter, which contributed to the eventual crash [15][16]. - The crash was exacerbated by institutional investors and automated trading systems, which led to a chain reaction of selling [20][18]. Group 2: Impact of the Crash - On October 19, 1987, the Dow Jones Industrial Average fell by 22%, resulting in a loss of over $500 billion in the U.S. and a total global loss of approximately $1.79 trillion [16][18]. - The crash affected stock markets worldwide, with significant declines in places like Hong Kong, the UK, West Germany, Japan, and Australia [16][18]. - Despite the severity of the crash, it did not trigger a global economic collapse, largely due to international cooperation and the interconnectedness of global markets [18][22]. Group 3: Responses and Reforms - In response to the crash, the U.S. introduced a "circuit breaker" mechanism in 1988 to prevent future market crashes by halting trading when stocks fall below a certain threshold [22]. - Other countries adopted similar measures to stabilize their markets and avoid repeating the events of 1987 [22]. - The implementation of these mechanisms has helped prevent similar disasters in the 21st century, even during significant market disruptions like the COVID-19 pandemic [23].

Core Viewpoint - The article highlights the measures taken by Suzhou to ensure the quality and authenticity of Yangcheng Lake hairy crabs, which are set to be harvested on September 26, emphasizing the importance of brand protection and consumer trust in the market. Quality Control - The unique environment of Yangcheng Lake contributes to the superior taste of the hairy crabs, with farmers reporting larger sizes and higher yields this year due to favorable weather conditions [2] - A consensus in the industry has emerged to implement a "one crab, one tag" system for authenticity, with a unique digital ID for each crab to ensure traceability [2] - The introduction of a "circuit breaker mechanism" aims to prevent issues like overselling and false advertising in online sales, with strict limits on the number of crabs sold per acre [3] Regulatory Improvements - Various regulatory bodies in Suzhou are actively working to enhance market standards and consumer confidence through inspections and legal guidance [4] - The market supervision bureau has initiated a monitoring system for online sales, focusing on preventing misleading descriptions and ensuring compliance among e-commerce platforms [5] Channel Expansion - Restaurants and crab farms are preparing for the upcoming sales season, with upgrades and new offerings to attract customers [6] - The local government has introduced "crab tasting tours" to promote the consumption of authentic Yangcheng Lake hairy crabs, highlighting popular dining locations [6] - Companies are expanding their sales channels by collaborating with major e-commerce platforms and supermarkets to enhance direct sales and live-streaming promotions [6] New Variety Development - Efforts are underway to cultivate new crab varieties that can withstand high temperatures and low oxygen levels, with initial trials showing promising results [7]

新京报贝壳财经讯（记者俞金旻）9月19日，贝壳财经记者从苏州市阳澄湖大闸蟹行业协会了解到， 2025年阳澄湖大闸蟹将于9月26日开捕，食客可以开始尝鲜，10月中下旬将大量上市，品蟹季将一直持 续到12月左右。 苏州市阳澄湖大闸蟹行业协会新闻办主任姚水生介绍，"协会将建立线上线下地理标志授权使用人名 录，确保品牌可追溯、防伪更严格。"为了严格规范网络销售行为，今年还将实行熔断机制，并通过执 法部门、协会与平台三方联动协调。姚水生介绍，"熔断机制"重点关注电商平台上"蟹券"超卖超发、恶 意低价倾销、虚假宣传等违法违规行为，根据每个商家所持有阳澄湖大闸蟹的养殖水面面积，核定其可 以销售的大闸蟹数量，即每亩水面不超过600只大闸蟹，售完即强制下架，确保消费者合法权益。 编辑 陈莉 校对 陈荻雁 在围栏养殖区，徐皓把蟹笼从湖水中提起，满满一笼大闸蟹起水，每一只大闸蟹都显露出"青背、白 肚、金爪、黑毛"的典型特征。 此外，贝壳财经记者还从苏州市阳澄湖大闸蟹行业协会获悉，2025年将首次统一发放管理蟹扣。此前阳 澄湖大闸蟹防伪标识的发放，由苏州市阳澄湖大闸蟹协会委托沿湖两市两区协会和其他部门发放，今年 设立市协会办事处后， ...