Tobias

A federal report reveals significant issues plaguing California’s High-Speed Rail project. After 17 years and $16 billion invested, no track has been laid. Facing a July 11 deadline, the project must satisfy the U.S. Department of Transportation or risk losing $4 billion in federal funding. Costs have ballooned from $33 billion to $128 billion, with completion now projected for 2033. Delays stem from land acquisition, lawsuits, and management problems. Public confidence is low, with over 53% of voters losing faith.

Douyin has addressed controversy surrounding a student celebrating a low college entrance exam score. The platform verified user accounts and confirmed the student’s score. While the mother’s account posted a store review that received 16 orders, claims of extensive live selling and significant income generation are unfounded. No malicious monetization activities were detected.

Xiaomi CEO Lei Jun criticized competitors for using “intercepting rhetoric” to sway customers from the Xiaomi SU7, calling the practice disparaging and unnecessary. He believes competitors should focus on their own strengths. Lei also mentioned increasing production and suggested alternatives like the XPENG G7 or Li Auto i8 for impatient buyers.

Tech giants are heavily investing in nuclear fusion power to meet the escalating energy demands of AI growth. Google, among others, is making significant investments and securing power purchase agreements with fusion startups like Commonwealth Fusion Systems. This trend extends to investments in fission power and small modular reactors. China is also increasing its nuclear energy investments. The rapid advancements in AI are driving this surge of interest and investment in nuclear energy solutions.

Tech mogul Zhou Hongyi highlights a shift in Gen Z spending. Young consumers are driven by attitude and aesthetics, channeling their spending power into ten emerging trends. These include the “Good Goods” economy (IP merchandise), self-indulgence, single living, value-consciousness, pet care, holistic wellness, convenience, therapeutic experiences, personal growth, and entertainment. Gen Z prioritizes emotional gratification and quality of life, indicating a need for market adaptation.

This summary highlights a forum at the 2025 World Artificial Intelligence Conference (WAIC) on “Intelligent Computing Technology Innovation and Industry Practice.” The event will gather global experts to discuss cutting-edge advancements, industry applications, and future trends in intelligent computing. Key releases include white papers on heterogeneous computing and vector databases, alongside an exhibition showcasing the Global Computing Alliance’s achievements. The forum aims to foster collaboration and accelerate AI integration into the real economy.

Leading foundries are scaling back their reliance on ASML’s High-NA EUV lithography machines, delaying adoption due to unexpected demand softening and the rise of new transistor architectures like GAAFET. This has led some institutions to lower price targets for ASML. Despite short-term adjustments, ASML’s established EUV technology remains crucial for advanced chip manufacturing, and long-term prospects are bolstered by AI-driven demand.

NIO’s Chief Technology Planning Expert, Hu Chengchen, has departed the company. Initial reports linked his departure to chip development, citing a user-generated Baidu Baike entry. However, NIO’s Assistant VP of Brand and Communication clarified that Hu was not involved in chip development, but rather the company’s long-term technology roadmap. This comes as NIO rolls out its in-house World Model and its NX9031 intelligent driving chip, which a company executive stated contributed to increased profit margins.

Shenzhen’s new “Science Spaceship” museum has become a viral sensation, drawing over 150,000 visitors during its opening week. The museum utilizes advanced projection techniques, including mapping, immersive displays, and interactive elements, to transform complex scientific concepts into engaging experiences across its five floors. Exhibits cover diverse topics from marine science and space exploration to quantum physics and smart mobility, making science tangible and captivating for all ages. An accompanying outdoor 3D mapping light show further enhances the visitor experience.

A recent traffic ban on non-standard three and four-wheeled vehicles, known as “lao tou le,” in Sanmenxia City, Henan Province, has sparked online debate. While praised for safety improvements due to the vehicles’ lack of safety features and potential for violations, experts highlight a challenge: ensuring continued mobility for the elderly who rely on them for daily life. The effectiveness of alternatives for seniors remains a key concern following the policy implementation.