Incident Summary - A fatal accident involving a Xiaomi SU7 occurred in Chengdu, where the vehicle caught fire after a collision, resulting in the driver's death. Initial investigations indicate that the driver was suspected of driving under the influence of alcohol [4][7]. Company Response - Xiaomi's customer service stated that no staff were on duty at the time of the incident, which occurred at 3 AM, and they did not receive any emergency calls related to the accident [5]. Industry Impact - The incident raises concerns regarding the safety features of electric vehicles, particularly in emergency situations where rapid response is critical. This could influence consumer perceptions and regulatory scrutiny of electric vehicle manufacturers [4][7].

Group 1 - Microsoft will stop providing security updates and technical support for Windows 10 starting October 14, which may expose users to increased cybersecurity risks [4][5] - Windows 10 was first launched on July 29, 2015, and has a global market share of 44.48% as of July [4] - Users of older devices not meeting Windows 11 requirements are advised to register for an extended security update program for a fee [4] Group 2 - DJI has reduced prices on several products, leading to strong reactions from consumers who purchased items at higher prices [2] - The company stated that the price drop is part of a promotional event, but differences in return policies between online and offline sales have caused controversy [2] Group 3 - Polestar has closed its last direct sales store in China, located in Shanghai, as part of a strategic adjustment to better align with the rapidly changing market [6] - The company emphasized that other operations in China remain unaffected and that it will focus on online sales [6] Group 4 - Vanke announced the resignation of its chairman, Xin Jie, due to personal reasons, and Huang Liping has been elected as the new chairman [2] Group 5 - The Guangdong provincial government has passed a new regulation allowing spouses to check each other's property and vehicle ownership starting January 1, 2026 [5] Group 6 - The three major telecom operators in China have launched eSIM services, with China Unicom reporting over 68,000 online appointments for eSIM activation [6] Group 7 - The 2025 Nobel Prize in Economic Sciences was awarded to Joel Mokyr, Philippe Aghion, and Peter Howitt for their work on innovation-driven economic growth [3][4] - The award highlights the importance of managing creative destruction to avoid stagnation in economic growth [4] Group 8 - The price of rice in Japan has surged, nearing historical highs, impacting household consumption and restaurant operations [12] - The average retail price for a 5-kilogram bag of rice has reached 4,205 yen, remaining above 4,000 yen for five consecutive weeks [12] Group 9 - Didi has established a new company focused on low-altitude economy, emphasizing software development rather than manufacturing low-altitude flying vehicles [11] - The new company aims to build a software ecosystem and intelligent scheduling systems [11] Group 10 - OpenAI has partnered with Broadcom to deploy a 10GW custom AI accelerator, with plans to start deployment in late 2026 [13] - Nvidia announced that Meta and Oracle will use its Spectrum-X Ethernet switches to build AI data center networks [13]

Group 1 - Apple is developing at least two types of smart glasses, one without a display (code-named N50) for use with iPhone, and another with a display that may compete with Meta's recently released Ray-Ban Display smart glasses [1][3] - The smart glasses will run on the same visionOS operating system as Vision Pro, with compatibility for both iPhone and Mac systems, allowing for a full visionOS experience when paired with Mac and a lighter interface when connected to iPhone [1] - The industry is expected to enter a "mass production year" from 2H25 to 2027, with new product lines from companies like Meta, Apple, Xiaomi, ByteDance, and Alibaba [1][2] Group 2 - The AI smart glasses technology landscape is divided into three main camps: those focusing on light waveguide technology (like Thunder and Rokid), the "voice-first" approach from Meta and Huawei, and the mixed reality segment led by Google and Apple [2] - Companies like Rongqi Technology and GoerTek are actively involved in the smart glasses sector, with GoerTek being one of the deepest players in the field, collaborating with Xiaomi and maintaining a long-term partnership with Apple [3]

Market Performance - The U.S. stock market indices continued to rise, with the Dow Jones up 1.07%, Nasdaq up 1.92%, and S&P 500 up 1.37% [1] - Rare earth stocks surged, with USA Rare Earth increasing over 25% and Critical Metals rising over 30% [1] - Gold stocks also saw gains, with Hecla Mining and Harmony Gold both up over 5% [1] Gold Market - Gold prices have reached a historic high, with COMEX gold futures surpassing $4100 per ounce [2] - The increase in gold prices is attributed to heightened demand from investors amid trade tensions, economic uncertainty, and rising expectations for Federal Reserve rate cuts [2] Company News - OpenAI and Broadcom announced a strategic partnership to deploy a 10GW custom AI accelerator, with OpenAI responsible for the design and Broadcom involved in development and deployment [3] - NVIDIA's CEO Jensen Huang has been selling shares, with recent filings showing he sold 225,000 shares at an average price of $190.2, totaling approximately $42.8 million [4] - Apple is shifting its focus from lightweight headsets to smart glasses, which may utilize the Vision Pro operating system, ensuring previous software development efforts are not wasted [5] - Tesla is facing an investigation by the NHTSA regarding 2.88 million vehicles equipped with the Full-Self Driving system due to reports of traffic safety violations and accidents [6]

Core Insights - Apple's second-generation smart glasses may feature two operating modes depending on the connected device, with a full visionOS when paired with Mac and a lighter interface for iPhone [2] - The first-generation smart glasses are expected to include built-in speakers, a camera for photos and videos, voice control, and potential health monitoring features, with a possible release in 2026 and official launch in 2027 [3] Summary by Sections - **Apple's Smart Glasses Features** - The upcoming smart glasses will compete with Meta's Ray-Ban smart glasses, which start at $799 (approximately 5701 RMB) [2] - The first-generation model will not have an embedded display [2] - **Expected Release Timeline** - The first-generation smart glasses are anticipated to be unveiled as early as 2026, with a full market launch planned for 2027 [3]

Core Insights - Apple's second-generation smart glasses are expected to feature two unique modes that can switch based on the connected device [1][3] - When paired with a Mac, the smart glasses will run the full version of the visionOS operating system, providing a rich and powerful user experience similar to that of a computer [3] - When connected to an iPhone, the interface will switch to a lighter version suitable for mobile use, facilitating quick and convenient operations for daily activities and social interactions [3] Product Features - The first-generation smart glasses will not include an embedded display but will still offer several notable features, such as speakers for high-quality music playback, a camera for capturing photos and videos, and voice control for easier operation [3] - Potential health-related functionalities may also be included to assist users in managing their health [3] Market Position - The design of Apple's smart glasses is expected to give the company a competitive edge in the market, particularly against Meta's Ray-Ban glasses, which already offer an embedded display starting at $799 in the U.S. [3] - The anticipated announcement for the first-generation smart glasses could occur as early as 2026, with a potential market launch in 2027 [3]

Core Viewpoint - Apple has shifted its focus from the Vision Pro headset to developing smart glasses, indicating a strategic pivot in its augmented reality (AR) product line [1][2]. Group 1: Product Development - Apple has paused the development of the lightweight Vision Pro headset and is now concentrating on smart glasses that may run on the Vision Pro's operating system, vision OS [1]. - The new smart glasses are expected to be compatible with both iPhone and Mac, allowing for a full operating system experience when paired with Mac and a lighter interface when connected to iPhone [1]. - Despite the shift, Apple is still updating the Vision Pro headset, which may feature faster chips and could be priced above $3,000 [2]. Group 2: Market Positioning - The transition to smart glasses suggests that Apple no longer views the Vision Pro headset as a viable mass-market platform, at least in the short term [1]. - The future Vision product line may include low-end no-screen smart glasses, mid-range glasses with displays, and high-end Vision Pro models [2]. Group 3: Leadership and Strategic Changes - Speculation about CEO Tim Cook's retirement is increasing, with preparations for a smooth leadership transition reportedly underway as Cook approaches his 65th birthday [2]. - Jeff Williams, previously seen as a successor to Cook, announced his departure from operational duties, indicating a significant shift in Apple's executive team [3]. - Apple is actively seeking a new AI leader, reflecting its focus on integrating artificial intelligence into its product development [4].

Core Insights - Apple is accelerating the development of smart glasses to compete with Meta's Ray-Ban series, even pausing some work on the next-generation Vision Pro to prioritize the glasses' market launch [1]. Group 1: Product Positioning - The smart glasses will initially be positioned as a fashion accessory, similar to the first-generation Apple Watch, offering various frame and arm material options for personalized aesthetics [4]. - Despite the need to accommodate a battery, chips, and multiple cameras, the final thickness of the glasses remains unclear, but Apple plans to offer different colors, sizes, and shapes [4]. Group 2: Role of Siri - Siri will play a central role in the glasses, relying on voice control, with a more intelligent version set to launch in Spring 2026, based on large language models [5]. - Users will be able to interact with Siri for various tasks, including providing feedback on surroundings, searching for information, translating languages, and more, aiming to match Meta's AI capabilities [5]. Group 3: Expected Features - The first-generation glasses will not have a display like Meta's latest models but will feature AI capabilities, cameras, and audio functions comparable to Meta's basic Ray-Ban glasses [6]. - Rumored functionalities include taking photos, recording videos, playing audio, providing navigation, answering questions, and identifying objects in the environment [6][7]. Group 4: Dependency on iPhone - The glasses will use a custom Apple chip based on the Apple Watch chip but will not operate independently, requiring an iPhone for full functionality, which may help extend battery life [7]. Group 5: Launch Timeline - Apple is pushing for a potential showcase of the smart glasses by the end of 2026, with a possible market launch in early 2027, although pricing details remain unconfirmed [7].

Core Insights - Apple has officially suspended the development of a lighter version of the Vision Pro headset and redirected core hardware engineers to focus on smart glasses, aiming to catch up with Meta's lead in wearable imaging and voice AI [1][4] - The first screenless smart glasses are expected to be released in 2026 and launched in 2027, featuring a self-developed dedicated chip, emphasizing voice interaction and multimodal AI [1][4] - The display version of the smart glasses is targeted for an earlier release by 2028, directly competing with Meta's recently launched Ray-Ban Display glasses [1][4] Product Features - The smart glasses will include built-in speakers, cameras, and various frame designs, similar in functionality to Meta's second-generation products, but will deeply integrate Siri and Apple Intelligence for offline wake-up, real-time visual search, and spatial audio calls [4] - The main chip of the glasses will utilize TSMC's 4nm process, resulting in a 75% reduction in power consumption compared to the Vision Pro's main control unit, allowing for all-day wear [4] Engineering and Production Adjustments - Apple has reassigned approximately 20% of mechanical and sensor engineers from the Vision Pro team to the smart glasses project [4] - Production of the initial Vision Pro will continue to be reduced, maintaining only one assembly line for a "moderate upgrade" version, expected to be released by the end of 2025, focusing on M3-level computing units and longer battery life, with minimal changes to the appearance [4]

Group 1 - Apple has paused its upgrade plans for the Vision Pro headset to focus on developing smart glasses that can compete with Meta Platforms' products [1] - The original plan for Apple was to launch a cheaper and lighter headset, code-named N100, by 2027, but the project staff has been reassigned to accelerate the development of smart glasses [1] - Apple is reportedly developing at least two smart glasses products, one named N50, which will work with the iPhone and will not have a standalone display, with plans to launch it as soon as next year [1] Group 2 - Apple is also working on a smart glasses product with a display that may challenge the recently released Meta Ray-Ban Display, originally set for a 2028 launch but now potentially expedited [1] - The smart glasses from Apple will feature voice interaction and AI capabilities, utilizing an upgraded Siri system expected to launch in March next year [1] - The pricing of Apple's smart glasses is expected to be significantly lower than the starting price of $3,499 for the Vision Pro [1] Group 3 - Meta released the Meta Ray-Ban Display smart glasses on September 30, with a starting price of $799, equipped with the Meta Neural Band [2] - The Meta Ray-Ban Display glasses are AI-driven, allowing users to interact with digital content while fully immersed in the real world [2]