Group 1 - Nvidia CEO Jensen Huang stated that the Chinese AI market is expected to reach approximately $50 billion in the next two to three years, emphasizing the significant loss of opportunity if this market is missed, which could generate revenue and tax income for the US and create numerous jobs [2] - Kimi officially launched its long-thought model API, named kimi-thinking-preview, which possesses multimodal reasoning capabilities and is adept at solving complex coding, mathematical, and work-related problems, although it is still in the preview stage with some functional limitations [2] - Alibaba's Tongyi Application Vision team leader Bo Liefeng reportedly left the company on April 30, having led the development of popular features in the Tongyi App [2] Group 2 - Apple is expected to enable certain AI functionalities in the upcoming iOS 18.6, supported by technology from Alibaba and Baidu, with Baidu's Wenxin Yiyan model serving as the core cloud-based intelligent engine [4] - OpenAI announced it will continue to be controlled by its nonprofit parent organization while restructuring its profit-making division to raise more funds to keep pace with the AI competition, collaborating with major supporters like Microsoft [5] - OpenAI reportedly agreed to acquire the AI-assisted coding tool Windsurf for approximately $3 billion, marking its largest acquisition to date, which may help the company address competition in the AI coding assistance market [5] Group 3 - A new investment partnership named Xiong'an Xiongji Future Intelligent Robot Industry Investment Partnership has been established in Hebei, with a capital contribution of 301 million RMB, focusing on investment activities using its own funds [6]

Market Overview - US stock market experienced two consecutive declines ahead of the Federal Reserve's interest rate decision, with Palantir dropping 12% after its earnings report [2][5] - Offshore RMB rose over 100 points, breaking the 7.20 mark, while the Nasdaq 100 gained over 1% in after-hours trading [2] - 10-year US Treasury auction showed strong demand, leading to a decline in bond yields [2][5] - Crude oil prices rebounded nearly 5%, and spot gold surged above $3,400 [2] Key News - He Lifeng will visit Switzerland and France for high-level economic talks, including discussions on US-China trade [3][8] - The EU plans to impose tariffs on $100 billion worth of US goods if trade negotiations fail [9] - The US trade deficit reached a record high of $140.5 billion in March, with imports surging 4.4% to a record $419 billion [10] - Nvidia's CEO projected that China's AI market could reach $50 billion [10] Domestic Macro - China's April Caixin Services PMI was reported at 50.7, indicating a slowdown in new orders [13] - The Chinese government aims for a 5% growth target by 2025, with plans for more proactive macro policies [14] Domestic Companies - Apple is expected to launch a domestic AI version supported by Baidu and Alibaba, ensuring compliance with local regulations [15] Overseas Macro - The US Treasury Department reported a successful 10-year bond auction, indicating a return of overseas demand [16] - Concerns over inflation may lead the Federal Reserve to delay interest rate cuts [16] Industry Insights - The AI Agent development is transforming the software landscape, making databases essential for AI applications [23] - The military industry is facing pressure, with revenue and profit at low levels, but potential recovery is expected in 2025 [23] - The industrial control sector shows signs of recovery, with strong performance from leading companies [23]