Market Overview - Amazon shares surged nearly 10% following strong earnings, boosting tech stocks, while major US indices closed higher. Apple opened high but closed slightly down. Meta fell 2.72%, marking a nearly 12% decline in October [3] - The 10-year US Treasury yield dipped by 0.4 basis points, with a weekly increase of 9.23 basis points. The dollar rose for three consecutive days, gaining 0.27% [3] - Bitcoin rebounded by 1.80%, testing $111,000, while Ethereum saw a rise of over 3.9% [3] - Spot gold decreased by 0.55%, trading at $4002, briefly falling below $4000. Oil prices fluctuated due to the situation in Venezuela [3] Key Economic Indicators - China's official manufacturing PMI fell to 49 in October, while the non-manufacturing index rose to 50.1, indicating expansion in three key sectors [22] - High-tech manufacturing, equipment manufacturing, and consumer goods sectors maintained expansion with PMIs of 50.5%, 50.2%, and 50.1% respectively [22] - The new orders index remained at 46.0%, indicating weak market demand in the non-manufacturing sector [22] AI Sector Developments - Nvidia reached a significant AI agreement with South Korean tech giants, deploying 260,000 Blackwell chips to create Asia's first "Industrial AI Cloud" [25] - The AI sector is witnessing a shift towards off-balance-sheet financing, with companies like Meta raising $30 billion through special purpose vehicles (SPVs) [26] Company Performance - The "hottest AI sector" saw mixed results, with "Yizhongtian" experiencing significant growth, while only Zhongji Xuchuang met high expectations with a steady increase in revenue and profit margins [23] - The lithium battery industry reported a notable recovery, with a 32.86% year-on-year increase in net profit for the first three quarters, driven by surging demand in energy storage [30] International Relations Impact - Xi Jinping emphasized the importance of open development and economic globalization during the APEC meeting, proposing five key suggestions to maintain trade stability and promote inclusive growth [20] - The meeting between Xi and Canadian Prime Minister Carney highlighted the need for mutual understanding and cooperation in various sectors, including trade and energy [20]

Core Insights - Google's Gemini AI Pro subscription plan will be provided for free to Reliance Jio users in India for a duration of 18 months [1] Company Summary - Google is expanding its AI offerings through the Gemini AI Pro subscription, targeting Reliance Jio users in India [1] - Reliance Jio is enhancing its service portfolio by including Google's AI subscription, which may attract more users and increase customer engagement [1]

Group 1 - OpenAI will offer a one-year free trial of ChatGPT Go to Indian users, aiming to capture a market of 1.4 billion people [1] - The free promotion will start on November 4, coinciding with the first DevDay Exchange event in India [1] - ChatGPT Go was launched in India in August at an annual fee of 399 rupees (less than $5), and has seen a significant increase in paid subscribers since its launch [1] Group 2 - ChatGPT Go includes popular features of the chatbot, offering higher message limits, more image generation, and larger file upload capacity compared to the standard free version [2] - India is identified as the second-largest and one of the fastest-growing markets for ChatGPT [2]