Core Insights - SoulApp has upgraded its end-to-end full-duplex voice call model, redefining the "full-duplex" interaction paradigm by eliminating traditional voice activity detection (VAD) mechanisms and delay control logic, allowing AI to autonomously manage conversation flow [1][2] - The upgraded model enhances AI's capabilities to break silences, interrupt users appropriately, and engage in parallel discussions, creating a more immersive and realistic voice interaction experience [1][3] - The company aims to leverage this technology for both one-on-one and multi-user interaction scenarios, enhancing the construction of diverse social networks [1][2] Company Strategy - SoulApp's CTO emphasizes the dual relationship of emotional and informational value exchange in social interactions, aiming to provide smarter and more immersive user experiences through innovative technology [2] - The company has been proactive in integrating AI into social networking since its launch in 2016, focusing on reshaping relationship discovery and expression in a pressure-free environment [2][4] - Soul has developed various AI capabilities, including language models and voice generation, and plans to further enhance its multi-modal end-to-end model by 2024 [2][3] Market Trends - The industry consensus anticipates an "AI application explosion" by 2025, with social networking being identified as a key area for AI deployment due to its high traffic value and network effects [2] - A recent report indicates that nearly 40% of young people use AI products daily for emotional companionship, with a significant increase in those willing to form friendships with AI, rising from 32.8% to 71.1% [3] - The demand for AI to exhibit more human-like interactions is growing, with about 60% of users expressing a desire for AI to feel more like real people [3]

Core Viewpoint - A class action securities lawsuit has been filed against Reddit, Inc. for alleged securities fraud affecting investors between October 29, 2024, and May 20, 2025 [1][2]. Group 1: Lawsuit Details - The complaint alleges that the defendants made false statements regarding the impact of changes in Google Search's algorithm, which led to a significant reduction in traffic to Reddit [2]. - It is claimed that the defendants were aware that users were finding answers directly on Google Search, leading to a decrease in visits to Reddit, contrary to their public statements about user rates and advertising revenues [2]. Group 2: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until August 18, 2025, to request to be appointed as lead plaintiff, although participation in any recovery does not require this [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 3: Firm Background - Levi & Korsinsky has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized as one of the top securities litigation firms in the United States for seven consecutive years [4].

Core Insights - Reddit's stock experienced a significant increase of 34% last month, driven by broader market gains, the launch of a new Community Intelligence product, and positive developments in artificial intelligence [1][2][10] Product Development - The introduction of Reddit Community Intelligence at the Cannes Lions Festival is a major highlight, described as "collective knowledge from the billions of human conversations across Reddit" [4] - The platform features two main tools: Reddit Insights, which provides marketers with real-time insights from 20 years of conversations, and Conversation Summary Add-ons, which integrates positive user content below advertisers' posts [5][6] - Both tools are currently in alpha testing, indicating that Reddit is leveraging its user-generated content to enhance its advertising capabilities and AI initiatives [6] Market Sentiment - Analyst commentary has been positive, particularly regarding Meta's acquisition of Scale AI, which may increase the value of data-licensing businesses like the one Reddit is developing [7] - Since its IPO in March, Reddit has shown strong growth and profitability, marking a shift from its previous 20 years of operating at a loss [9] - The excitement surrounding the Community Intelligence tool suggests investor confidence in Reddit's potential in AI and advertising, although its immediate impact on profitability remains uncertain [10]

LOS ANGELES, July 03, 2025 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP reminds investors of the upcoming August 18, 2025 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Reddit, Inc. (“Reddit” or the “Company”) (NYSE: RDDT) securities between October 29, 2024 and May 20, 2025, inclusive (the “Class Period”). IF YOU SUFFERED A LOSS ON YOUR REDDIT INVESTMENTS, CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOU ...

Core Points - Meta plans to appeal a 200-million-euro fine imposed by the EU for allegedly violating digital competition rules [1][2] - The fine is related to Meta's "pay for privacy" system, which requires users to either pay to avoid data collection or consent to share their data to use the platforms for free [2][3] - The European Commission concluded that Meta did not offer users a less personalized but equivalent version of its platforms, and warned of potential daily penalties under the Digital Markets Act (DMA) if compliance was not achieved [3] Company Defense - Meta's vice president Tim Lamb argues that the EU's decision is incorrect and unlawful, citing a 2023 EU court ruling that supports subscription models as a valid option [4] - Lamb contends that the EU's April decision disregards this ruling and incorrectly concludes that Meta's user choice does not comply with the DMA [4]

Group 1 - Snap Inc. has experienced a significant decline, down over 40% in the past year [1] - The company faces challenges from the rise of TikTok and changes in Apple's privacy policy [1] - Despite these headwinds, there are indications of recent positive developments for Snap Inc. [1]

Core Viewpoint - Needham upgraded Meta Platforms, Inc. from Underperform to Hold, citing improved revenue and margin expectations for 2025 driven by exceptional labor productivity [1] Group 1: Growth Drivers - Meta ranked first among large-cap peers in free cash flow per employee for 2024, attributed to its software-centric business model leveraging user-generated free content and mobile platforms for distribution [1] - The company's aggressive initiatives in areas such as GenAI, Metaverse, Scale AI, and new hardware are expected to drive growth [2] Group 2: Financial Concerns - Projected capital expenditures for Meta are expected to reach $68 billion in 2025, representing an 84% year-over-year increase, raising concerns about capital allocation and return on investment [2] - The heavy ownership of META shares, with 90% of analysts rating it a Buy or Strong Buy, raises questions about the upside potential at current valuation levels [4] Group 3: Regulatory Challenges - Meta faces increasing scrutiny in the U.S. and Europe, with potential antitrust actions and new compliance burdens that could impact operations and profitability [3]

Investment Rating - The report indicates a positive investment outlook for the C-end application industry, particularly highlighting subscription platforms as leading performers and advertising platforms showing continuous improvement [1]. Core Insights - The report emphasizes the importance of AI in enhancing user engagement and optimizing recommendation algorithms, which are crucial for building competitive barriers in C-end applications. Companies like Duolingo and Spotify are leveraging AI to improve user experience and increase subscription conversion rates, while advertising platforms like Snapchat and Pinterest are enhancing ad automation and recommendation systems to drive revenue growth [2][3]. Summary by Sections C-end Applications - Subscription platforms are outperforming advertising platforms, with significant improvements in user engagement and revenue generation [5][8]. - Duolingo and Spotify have successfully integrated AI features, leading to increased product value and resilience in growth. Duolingo's new subscription tier, Duolingo Max, has seen a rise in eligible users from under 10% to over 60%, while Spotify has implemented price increases supported by AI functionalities [3][17]. Subscription Platforms - AI capabilities have significantly enhanced the value of subscription products, with Duolingo's subscription revenue share increasing from 79% to 83% and Spotify reaching 90% [17][30]. - The introduction of AI-driven features has led to substantial revenue contributions, with Duolingo Max and Spotify's price adjustments driving user growth and average revenue per user (ARPU) increases [30]. Advertising Platforms - AI has improved advertising conversion efficiency, with Snapchat's ad revenue growth shifting from negative to positive, and Pinterest's revenue growth accelerating from single digits to over 20% [30]. - Snapchat's subscription service, Snapchat+, has contributed to revenue growth, with its user base expanding significantly [27][30]. Performance Metrics - The report highlights the stock performance of C-end application companies, with Duolingo and Spotify showing substantial gains compared to Snapchat and Pinterest, particularly in the context of AI advancements [7]. - Active user growth and revenue metrics indicate a recovery and stabilization trend across major platforms, with ARPU showing positive growth from Q1 2024 onwards [10][30].

完整早报音频，请点击标题下方小耳机收听 【百度湖北总代理破产清算，因渠道模式变革失去收入来源】 6 月 30 日，武汉世纪百捷网络科技 有限公司发布公告，称公司计划依法启动清算程序。世纪百捷在公告中表示："随着百度渠道模式的 变革与百捷的业务合作即将终止，我们失去了收入来源，公司运营陷入了无法挽回的困境。"世纪百 捷称已竭尽全力寻求各种可能的解决方案，但未能找到足以支撑公司持续发展的新业务方向。而对于 这些员工的安排，世纪百捷在公告中也有涉及，其表示全体员工的薪资将发放至 2025 年 6 月 30 日。 （金融界） 武汉世纪百捷网络科技有限公司 重要公告 关于公司未来安排的重要沟通 亲爱的公司百度业务全体同仁: 自公司成立至今的整个征程中,我们并肩奋斗,共同铸就了无数值得铭记的 成就。每一份成绩、每一次突破、每一份荣耀,都凝聚着大家的智慧、汗水、忠 诚与不懈努力。在此,公司由衷地向每一位伙伴致以最崇高的敬意和最深切的感 谢!正是因为有你们,才铸就了我们共同的辉煌过往。 然而,随着百度渠道模式的变革与百捷的业务合作即将终止,我们失去了收 入来源,公司运营陷入了无法挽回的困境。尽管我们已竭尽全力寻求各种可能的 ...

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Reddit, Inc. regarding a class action lawsuit due to alleged misleading statements and omissions that affected the company's stock performance during a specified period [1][3]. Summary by Relevant Sections Class Period and Allegations - The class period for the lawsuit is from October 29, 2024, to May 20, 2025 [3]. - Allegations include that Reddit's management failed to disclose significant changes in Google Search's algorithm that led to a decrease in traffic to Reddit, which was not comparable to previous instances of reduced traffic [3]. - It is claimed that the increase in search queries for "Reddit" was misleading, as users were finding answers directly on Google without visiting Reddit, leading to a dramatic reduction in traffic that the company could not mitigate in the short term [3]. - The defendants are accused of lacking a reasonable basis for their forecasts on user rates and advertising revenues, resulting in materially false and misleading public statements [3]. Next Steps for Shareholders - Shareholders who purchased RDDT shares during the class period are encouraged to register for the class action by August 18, 2025, to potentially be appointed as lead plaintiffs [4]. - Registered shareholders will receive updates through a portfolio monitoring software throughout the case lifecycle [4]. Law Firm's Commitment - The Gross Law Firm is recognized for its commitment to protecting investors' rights against deceit and fraud, aiming to ensure companies engage in responsible business practices [5].