According to The New York Times, OpenAI has completed a new $8.3 billion funding round, with a valuation of $300 billion. Investors in this round include Blackstone, TPG, T. Rowe Price, Sequoia Capital, and a16z, among others. These institutions will help facilitate the application of ChatGPT in traditional industries such as healthcare, finance, and manufacturing. https://t.co/fUBYLi0C5R ...

Group 1 - The event titled "'Jinan' Meets Future, Inspiring New Beginnings in Hangzhou" was held to promote industrial cooperation between Jinan and Hangzhou, focusing on artificial intelligence and commerce [1] - The event attracted over 50 key enterprises, including Alibaba Group and Xinhua San Group, aiming to enhance collaboration and resource matching between the two cities [1] - Jinan has been recognized as a national pilot zone for artificial intelligence innovation applications and is actively building an AI innovation system centered on high computing power, large models, and strong applications [3] Group 2 - Jinan's city government has emphasized the importance of protecting and revitalizing its commercial heritage while promoting urban renewal, particularly in historical areas [3] - The city is supporting the development of a "3+2" emerging industry system, focusing on artificial intelligence, new energy equipment, and aerospace information, along with high-end software and new energy trucks [5] - The city has established significant computing infrastructure, with a total of 4,600 PetaFLOPS of computing power under construction or already built [5] Group 3 - During the visit to Hangzhou, the Jinan delegation, led by the district mayor, visited notable companies such as Alibaba and Xinhua San Group to promote Jinan's advantages and discuss potential collaborations [7] - The district is actively pursuing a "second entrepreneurship" initiative, aiming to enhance its functional positioning and support various industries, including modern finance and digital economy [5]

The world's first AI investment bank is looking to conquer Wall Street.I sat down with @leveredvlad to understand what they are doing, how their technology works, and why this is a better model. https://t.co/QQCF5A1vSF ...

Partnership & Strategy - JPMorgan is in advanced talks to take over Apple's credit card program [1] - The move would replace Goldman Sachs as Apple's preferred partner [1]

Market Dynamics - JPMorgan is in advanced talks to take over Apple's credit-card program [1]

Market Dynamics - Citigroup launched a premium credit card to compete with JPMorgan Chase and American Express [1]

Core Insights - The 2025 World Artificial Intelligence Conference (WAIC) in Shanghai showcased 800 companies and over 3,000 advanced technologies, indicating a strong interest in AI investments [1] - The article highlights three key investment opportunities in the AI sector that could lead to long-term growth [3] Group 1: Computing Infrastructure - The shift in computing infrastructure is likened to moving from "generators" to "power grid companies," with policies in Shanghai and Dongguan promoting the development of computing power trading platforms [3] - Key companies include: - Zhongji Xuchuang (300308): Validated 1.6T optical modules by Huawei, positioned for computing power transmission [3] - Hengwei Technology (603496): Core supplier for Huawei's Ascend liquid-cooled integrated machine, with orders extending to 2026 [3] - Tuo Wei Information (002261): Collaborating with Huawei to create "Zhaohan" domestic servers, with deliveries to the Changsha intelligent computing center [3] - The AI ETF (515980) has seen a 43% increase over the past year, with financing balances soaring to 97 million, indicating strong institutional interest [3] Group 2: Embodied Intelligence - The technology shift in robotics is moving from "performing tricks" to "performing tasks," with domestic component localization rates exceeding 50% [3] - Key companies include: - Green Harmonic (688017): Gearbox supplier for UBTECH, maintaining a leading gross margin of over 35% [3] - Leisai Intelligent (002979): Closed-loop stepper motors account for 70% of orders for new products from Yuzhu [3] - Zhongdali De (002896): RV gearbox shipments surged by 150%, benefiting from mass production of humanoid robots [3] - SenseTime has launched an embodied intelligence platform, enhancing the capabilities of industrial robots [3] Group 3: AI in Finance and Healthcare - The introduction of AI in finance is exemplified by the Industrial and Commercial Bank of China's AI credit approval system, reducing processing time from three days to three minutes, leading to a 200% increase in orders for IT supplier Runhe Software (300339) [3] - In healthcare, the AI diagnostic system from United Imaging has been able to detect lung cancer 30 days earlier, with significant procurement from top-tier hospitals for health information company Weining Health (300253) [3] - The Ant Group's AI health manager is now integrated into 5,000 hospitals, accelerating government procurement for public health projects [4]

The people at Jane Street are often described as mathematical. A lot of them play poker. They have um they have puzzles in their offices. Um they're problem solvers in the most advanced way.>> And those puzzle playing problem solvers spend their days helping institutions and other investors make trades. Essentially, they're matching a buyer and a seller. You think that when you place an order that that order just it's as if you go to the grocery store and you're buying something.Well, in the markets, there ...

You mentioned earlier that the work a junior analyst would have been doing for you can now just be done on reflexivity essentially. So what does this mean for future employment on Wall Street. Frankly, it's a question obviously that comes up again and again.I think the way I look at what we have built is really giving superpowers to people who use it, right. There's still a human in the loop and I think it makes somebody a more effective investor. You're able to ask questions.In fact, the interesting experi ...

The partnership between Goldman Sachs and the Bank of New York Mellon to tokenize shares of money-market funds represents a “significant leap forward” for the $7 trillion-plus industry, JPMorgan strategists said https://t.co/BH6qejHii9 ...