Tobias

At FF’s shareholder day, founder Jia Yueting expressed deep gratitude for retail investors’ support, crediting them with saving the company. He vowed to offer significant returns to compensate for past setbacks, driven by recent operational and financial improvements. FF also announced B2B sales breakthroughs, securing orders, and progressing towards the year-end launch of its first vehicle, the FX Super One, with subsequent models on schedule.

SoftBank and Intel are partnering to develop an AI-specific memory chip, Saimemory, aiming to reduce AI computing power consumption by up to 50%. This stacked DRAM chip, utilizing an innovative wiring architecture, promises improved energy efficiency and supports sustainable AI data centers. With an estimated $64 million investment, a prototype is expected within two years, targeting commercial deployment in the late 2020s, starting with SoftBank’s AI data centers. Other research institutions and the government are expected to offer support as the project progresses.

Richard Yu, Huawei’s automotive executive, criticized underperformance within China’s EV sector. He argued against allowing the “lowest common denominator” to dictate industry standards, likening it to a school where the weakest student hinders progress. Yu advocates for prioritizing innovation and celebrating excellence to avoid complacency and ensure user safety and overall advancement.

Ctrip CEO James Liang advocates for policies to boost China’s birth rate, viewing children as crucial for the nation’s future. His plan focuses on financial incentives: monthly cash stipends per child, tax relief for families with multiple children, and mortgage interest rebates. He proposes a lump-sum payment per child and emphasizes the need for a holistic approach encompassing childcare and education.

The 2025 Fortune 500 showcases record revenue for top US companies, with the entry threshold rising. Walmart secured the top spot, while Amazon was runner-up. UnitedHealth Group surpassed Apple. While Microsoft, Apple, and Tesla saw ranking adjustments, NVIDIA made a significant leap, fueled by a 114% revenue surge, entering the top 50 and leading in shareholder return.

The EU is bracing for potential trade escalation with the US following Trump’s tariff threats, particularly on steel and aluminum. The EU warns of retaliatory measures if new duties are imposed, and views upcoming talks with the US as crucial for de-escalation. Focused on protecting its economic interests, the EU seeks negotiation to remove tariffs and address trade barriers in key sectors, with significant countermeasures already prepared.

Xiaomi partner Pan Jiutang commented on China’s EV market, highlighting the diverse approaches of key players like SAIC, BYD, Huawei, and Xiaomi itself. He emphasized the importance of market forces and consumer choice over internal evaluations of competitors. This followed public comments from another tech executive, reflecting the intense competition and evolving dynamics of the burgeoning Chinese EV industry.

Bill Gates plans to direct the majority of his foundation’s $200 billion philanthropic initiative towards Africa over the next two decades. This aims to improve healthcare, education, and economic growth, fighting poverty and disease. The funds will support existing programs and launch new initiatives, focusing on eradicating diseases and preventing avoidable deaths. Gates also criticized Elon Musk for reducing international aid budgets.

SquareX warns of a new “Browser in the Middle” phishing technique using fake fullscreen login pop-ups to steal credentials. Exploiting browser vulnerabilities in Chrome, Edge, and Safari, attackers create convincing illusions. Safari is at highest risk due to a lack of visual warnings during the transition to fullscreen mode.

Meta plans to fully automate AI-powered ad creation for brands by the end of next year, leveraging AI to generate visuals, videos, and text based on product images and budget goals. This initiative aims to further strengthen Meta’s advertising business, which accounts for over 97% of its revenue. Simultaneously, Meta is shifting towards AI for risk assessment, targeting AI to handle up to 90% of related tasks.