Let's turn to this leadership shakeup at Oracle today. The company naming two new CEOs. Clay McGor and Mike Cecilia.Sappercatz will serve as the executive vice chair. Stocks jumping today and up more than 90% as you might know for the year. Joining us this morning's head of tech research Ben Writes can talk about this along with some other topics too.Morning Ben, good to see you. Carl, great to be here. So we had a big discussion this morning about why now uh and does it sort of if Kat is trying to exit at ...

Group 1 - Oracle appointed insiders Clay Magouyrk and Mike Sicilia as co-CEOs [1] - The new co-CEOs replace Safra Catz, who led the company for 11 years [1]

White House press secretary Karoline Leavitt says that a deal is reached between the U.S. and China where TikTok's algorithm and data are controlled by America and are majority-owned by Americans in the United States.A preliminary deal to keep TikTok alive in the United States will not involve the federal government taking an equity stake or a "golden share" in the social media company, a senior White House official said Monday.The official confirmed that the deal will relocate the popular video app's U.S. ...

Core Insights - Oracle has appointed Clay Magouyrk and Mike Sicilia as new CEOs, with Safra Catz transitioning to executive vice chair of the board [1][3][4] Leadership Changes - Clay Magouyrk was previously the president of Oracle Cloud Infrastructure and has been with Oracle since 2014, coming from Amazon Web Services [3] - Mike Sicilia served as president of Oracle Industries and joined Oracle through the acquisition of Primavera Systems [3] - Safra Catz has been CEO since 2014 and will now serve as executive vice chair [1][4] Strategic Context - The leadership changes occur amid Oracle's significant involvement in artificial intelligence and cloud infrastructure [4] - Larry Ellison highlighted the importance of Oracle Cloud Infrastructure in advancing AI, emphasizing Magouyrk's readiness for the CEO role [4] Financial Performance - Oracle signed four multi-billion dollar contracts in the latest quarter, with cloud infrastructure revenue expected to increase by 77% to $18 billion this fiscal year [4] - Projections indicate that cloud infrastructure revenue could reach $144 billion in four years [4]

Group 1 - The artificial intelligence sector is showing strong performance, with the CSI Artificial Intelligence Theme Index rising by 2.0% and the Shanghai Stock Exchange Sci-Tech Innovation Board AI Index increasing by 4.3% [1] - The AI ETF (159819) is actively traded, with a total trading volume exceeding 1 billion yuan for the day [1] Group 2 - Huawei announced at the Huawei Connect 2025 conference that the number of HarmonyOS 5 terminal devices has surpassed 17 million [1] - Huawei officially launched the "Tian Gong Plan," committing to invest 1 billion yuan in funds and resources to fully support the Harmony AI ecosystem innovation [1] - The initiative aims to collaborate with developers to advance into a new phase of Harmony AI [1]

Core Insights - Aeries Technology, Inc. has successfully implemented an AI-powered content workflow automation system for a leading enterprise client, achieving over 80% efficiency improvements and reducing task completion time from weeks to under 30 minutes [1][2][3] - The AI solution utilizes advanced generative AI and optimized workflows to enhance operations, enabling faster delivery and improved customization for end users, applicable across data-intensive industries [2][3] - The deployment highlights Aeries Technology's expertise in delivering AI-driven solutions that provide measurable ROI for Private Equity Portfolio companies, facilitating digital transformation and operational optimization [3][4] Company Overview - Aeries Technology is a global leader in AI-enabled value creation and business transformation, particularly for private equity portfolio companies, founded in 2012 [4] - The company has received the Great Place to Work Certification for two consecutive years, reflecting its commitment to workforce development [4]

Core Viewpoint - The company, Dahong Technology, has announced a significant strategic upgrade, transitioning from a video-centric technology system to a new development phase centered around "AI multimodal + spatial video + industry" [1] Group 1: Strategic Upgrade - Dahong Technology has introduced the BlackEye 2.0 multimodal spatial model and its latest products and applications in various sectors including media culture, industrial and satellite, in-vehicle intelligent cockpit, and robotics [1][2] - The chairman of Dahong Technology, Sun Yanlong, emphasized that the company is on the brink of a spatial computing explosion, aiming to enhance expression, perception, compression, transmission, reconstruction, and interaction in the spatial world [1] - The strategic upgrade will rely on talent and organization as foundational elements, with the dual engines of "AI multimodal + spatial video" supporting business development across multiple sectors [1] Group 2: Applications of AI Multimodal and Spatial Video - The BlackEye 2.0 multimodal spatial model has been demonstrated to generate 3D models from text inputs, showcasing its application in media culture, industrial and satellite, in-vehicle intelligent cockpit, and robotics [2] - In the media culture sector, the ShowBiz AI 2.0 product offers various original and secondary creation tools, with features like AI lighting for stars and AI slow motion already applied in lightweight production for events [2] - The "Tianmu" drone companion in the industrial and satellite sector supports video/image transmission in remote areas with weak network conditions, ensuring clear and smooth visuals [2] Group 3: Robotics and Remote Control - The BlackEyeVision ultra-long-distance remote control system enhances the perception, compression, transmission, and reconstruction capabilities of robots by integrating spatial video processing [3] - A demonstration showcased the ability to control a robotic dog located 1,700 kilometers away using a smartphone, highlighting the effectiveness of the AI multimodal and spatial video integration [3] Group 4: Strategic Partnerships and Collaborations - Dahong Technology has signed multiple significant agreements, including a partnership with Alibaba Cloud to develop a leading AI model solution based on their respective strengths in cloud computing and multimodal models [4] - In the robotics sector, collaborations with various companies aim to launch new robots that maintain communication in remote areas through satellite technology [4] - The company has also partnered with other firms to introduce family robot products and brain-machine interface remote control systems, enhancing user experience and accessibility for individuals with mobility challenges [4]

Core Insights - Huawei's HarmonyOS has achieved significant growth, with over 17 million devices running HarmonyOS 5 and more than 30,000 applications and services available [1][3] - The operating system is transitioning from a device-centric model to an ecosystem and business model competition, reflecting a structural change in the global operating system landscape [2][3] Ecosystem Expansion - The HarmonyOS ecosystem is in a phase of rapid expansion, with 17 million devices across various categories, including smartphones, tablets, PCs, and wearables [3] - The number of applications and services exceeding 30,000 indicates that the content supply is nearing a mature platform level, reducing user barriers in core scenarios [3] - The growing user base provides a commercial attraction for developers, encouraging more manufacturers to adapt their products to HarmonyOS [3] AI Integration - AI innovation and full-scene collaboration are key directions for HarmonyOS, with over 70 system-level innovations showcased, enabling seamless switching and resource sharing across devices [4][6] - The introduction of the Xiaoyi intelligent agent platform allows developers to create AI agents using various development modes and components, supported by a significant investment of 1 billion yuan to foster AI innovation [6][7] - The shift from traditional app interactions to intelligent agent services is a critical trend, with major tech companies also focusing on integrating AI capabilities into their operating systems [7]

Investment Rating - The industry investment rating is "Positive" and maintained [7] Core Viewpoints - The agreement on the "Technology Prosperity Agreement" between the UK and the US marks a new phase of cooperation in key emerging technologies, including AI and quantum technology, with over £31 billion committed by tech giants like Microsoft, NVIDIA, Google, and OpenAI to enhance AI infrastructure and quantum technology in the UK [2][4] - The agreement is expected to accelerate the development of quantum technology, suggesting a focus on the entire quantum technology supply chain, particularly leading companies in quantum computing and quantum communication [2][4] Summary by Relevant Sections Event Description - On September 16, the UK and the US reached an agreement on the "Technology Prosperity Agreement," indicating a generational cooperation in AI, quantum technology, and nuclear energy [4] Event Commentary - The agreement is anticipated to drive significant investment in quantum technology, with major companies like NVIDIA and Microsoft committing substantial resources to enhance the UK's AI and quantum computing capabilities [9] - The collaboration will elevate quantum technology to a national strategic level, emphasizing its importance in national security and economic prosperity [9] - The agreement is likely to lead to a multi-billion dollar investment in quantum technology, with specific commitments from major tech firms to develop advanced computing infrastructure [9]

Investment Rating - The investment rating for the computer industry is "Recommended" [2][20]. Core Insights - The AI industry continues to show high prosperity, with a confirmed turning point for industry recovery [3]. - Huawei has launched new supernode products, Atlas 950 SuperPoD and Atlas 960 SuperPoD, which significantly outperform competitors in key metrics [4][12]. - Alibaba's upcoming Cloud Summit is expected to focus on AI infrastructure and applications, with strong growth in AI-related revenues [18][19]. Summary by Sections Recent Developments - Huawei's new supernode products support 8192 and 15488 Ascend cards, respectively, and are set to meet the growing domestic demand for computing power [4][12]. - The Atlas 950 supernode is expected to launch in Q4 2026, with performance metrics significantly exceeding those of NVIDIA's upcoming products [14][17]. Financial Performance - Alibaba's cloud intelligence group reported a 26% year-on-year revenue growth, with AI-related products achieving triple-digit growth for eight consecutive quarters [18][19]. - Alibaba's capital expenditure reached 38.676 billion RMB, a 220% increase year-on-year, maintaining a target of 380 billion RMB for AI hardware infrastructure over the next three years [18][19]. Investment Recommendations - The report suggests focusing on AI infrastructure companies such as Zhongke Shuguang, Digital China, Inspur Information, and others, as well as Alibaba's partners [20]. - The shift in AI competition from single-card performance to system-level efficiency is highlighted, with a recommendation to monitor developments in AI infrastructure [20].