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18/11/2025
The yield on 10-year Japanese government bonds rose 1 basis point to 1.74%, the highest level since June 2008.
Latest
3 m ago
Feng Fei, the Secretary of the Hainan Provincial Party Committee, announced that the comprehensive simulation exercise and 7x24 hour hot operation of Hainan Free Trade Port's customs closure operation have officially started.
5 m ago
"The development of the New World will reduce $1 billion in perpetual securities debt through substitution."
6 m ago
The central parity rate of RMB against USD is reported at 7.0856 yuan.
7 m ago
Ant launched a universal AI assistant "Spirit" in full mode.
11 m ago
The research report from CITIC Securities indicates that the singularity of the multimodal industry lies in the understanding end rather than the generation end. The mainstream model is transitioning from "modularization" to "native multimodal" architecture, which is a singularity that addresses the bottleneck of AI understanding and drives the industry value leap. On one hand, this raises the threshold for building basic models, allowing full-stack giants like OpenAI/Google to construct vertically integrated ecological loops; on the other hand, it also opens up diversified commercial value for companies that empower vertical applications and technologies in specific scenarios. It is recommended to layout along the two main threads of "foundation" and "application": focusing on the relevant links of the reasoning computing power industry chain at the infrastructure layer; and at the application layer, under the trend of native multimodal, it is recommended to pay attention to the two major opportunities of vertical applications and technology empowerment.
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