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Japan government plans to launch Tokyo Metro IPO as early as October

According to foreign media reports, people familiar with the matter said that the Japanese government is seeking a valuation of 700 billion yen (about 4.7 billion US dollars) for Tokyo Metro and is preparing to list the subway operator as early as the end of October. This will be Japan’s largest IPO in about six years.

Betting on a soft landing for the U.S. economy, JPMorgan and other investors increase holdings of emerging market bonds

Investors including JPMorgan Asset Management and M&G Investments said they took advantage of a pullback in riskier assets earlier this month to add to emerging market bonds. While a handful of fund managers warned of another pullback if fears of a new U.S. recession emerged, others are betting that a period of steady easing by the Federal Reserve will increase the appeal of high-yield assets in developing countries. Fund managers with a stronger risk tolerance recommend locking in high yields in markets such as Ecuador. An index showed that the average yield on emerging market dollar sovereign bonds was 7.4% last Friday, about 1 percentage point above the five-year average and almost double that of January 2021.

National Hurricane Center: Dangerous beach conditions along the East Coast expected to continue into early next week

The National Hurricane Center said Hurricane Ernesto is moving slowly toward the north-northeast at 6 mph. Ernesto is slowly moving away from Bermuda, but tropical storm conditions remain over the island. Dangerous beach conditions along the U.S. East Coast are expected to continue until early next week.

Japan government tightens control over chip supply chain network

Japan's Ministry of Finance said today that Japan has decided to apply foreign trade regulations to chip manufacturing equipment as part of measures to ensure the stability of the supply chain. The ministry said in a statement that foreign investors now need to give prior notice when making direct investments in equipment related to chip manufacturing, including when acquiring 1% or more of the shares of a listed company or buying shares of an unlisted company. The Ministry of Finance said that other products included in the list of so-called "core business areas" include advanced electronic components, machine tool parts, marine engines, optical cables and multi-function machines. The ministry said that core business areas now cover all specific key products specified in the National Economic Security Promotion Act.

UK GDP grew by 0.6% in the second quarter, continuing its slow recovery

Data released by the UK National Statistics Office on Thursday showed that the gross domestic product (GDP) grew by 0.6% in the second quarter of this year, continuing the slow recovery after last year's recession. This growth was in line with economists' expectations, reflecting the strong momentum of government spending and the service industry. On an annualized basis, the UK's GDP grew by 0.9% in the second quarter, compared with the previous forecast of 0.8%.

European stocks rose for three consecutive days, boosted by optimistic economic data and expectations of interest rate cuts

European stocks rose for a third straight session as upbeat global economic data and expectations that the Federal Reserve will cut interest rates next month boosted sentiment. The Stoxx Europe 600 index closed up 1.1%, extending gains after data showed better-than-expected U.S. retail sales and a drop in weekly jobless claims. European technology and bank stocks outperformed, while real estate and utilities lagged.

Most of the large technology stocks in the U.S. stock market rose before the market opened, with Google rising more than 1%

Sparknews learned that most of the large technology stocks in the U.S. stock market rose before the market opened. As of press time, Google rose more than 1%, Amazon rose 0.58%, Tesla rose 0.4%, Nvidia rose 0.19%, Microsoft rose 0.18%, Apple rose 0.01%, Meta fell 0.23%, and Netflix fell 0.04%.

The three major A-share indices rose collectively during the midday break, with precious metals and cross-border payment concepts leading the gains

The three major A-share indices rose collectively during the midday break, with the Shanghai Composite Index up 0.53%, the Shenzhen Component Index up 0.35%, and the ChiNext Index up 0.21%; engineering machinery, precious metals, and cross-border payment concepts led the gains, with Yulong Co., Ltd., Huafeng Superfiber, and Sifang Precision hitting their daily limit, Chifeng Gold up more than 6%, Zoomlion Heavy Industry Science & Technology Co., Ltd. up more than 3%, Sany Heavy Industry and XCMG Machinery up more than 2%; agriculture, pharmaceuticals, and gas sectors led the decline, with Shennong Group down more than 4%, Muyuan Co., Ltd., Darentang, Shengda Biopharmaceuticals, and ENN Group down more than 2%.

Spot gold hits record high

Spot gold continued to rise, hitting an all-time high at $2,486 per ounce as of press time.

Amazon is also going to sell products on TikTok

As one of the hottest Internet products in the world, TikTok's traffic pool is naturally coveted by everyone. Recently, Amazon announced that it has signed a cooperation agreement with TikTok and Pinterest, allowing users to purchase products from Amazon without leaving the TikTok app. TikTok users only need to link their accounts with Amazon accounts to purchase products sold on the Amazon platform recommended by the system in "For You".

The first commercial spacewalk is imminent, SpaceX confirms the launch will be early next Monday, and Musk is about to make history again: an epic feat

This is the farthest place humans have been able to reach since the Apollo program

Humans are about to have their first commercial spacewalk!

After SpaceX officially announced the plan but postponed it several times over the past two years, the time has finally been finalized.

In the early morning of August 26, local time, a week later, SpaceX's first spacewalk mission will be launched in Florida, heading to a flight orbit about 1,400 kilometers from the earth.

This is the farthest place humans have been able to reach in more than 50 years since NASA's Apollo program.

Musk said: This will be an epic feat.

Microsoft lifts 30-year-old restrictions in Windows 11, former engineer: Classic things can't be moved casually

Remove the 32GB maximum limit of FAT32 in Windows, and support up to 2TB

A nearly 30-year-old limit in Windows has finally been changed by Microsoft?

Recently, Microsoft published a blog post sharing the details of the latest Windows 11 Canary test version feature update, and one of the changes about storage has attracted everyone's attention-"When formatting a disk from the command line using the format command, we have increased the size limit of FAT32 from 32GB to 2TB."

This change is not big, but it has a significant impact on users. One user said:

This has driven me crazy for many years, but I haven't encountered this problem for a long time (since switching to Linux and Apple computers) and I forgot that it is still a problem for the rest of us.

What is wrong with the world? Silicon Valley bigwigs openly support AI companies to "steal" data

The "turbulent times" have actually arrived a long time ago, but this time the reality has been publicly acknowledged.

By 2028, all high-quality text data on the Internet will be used up, and the claim that AI manufacturers are facing a data shortage is undoubtedly a hot topic in the AI ​​industry recently. How to obtain more data and more computing power are the most troublesome problems for AI manufacturers at present. In this regard, former Google CEO Eric Schmidt made a shocking statement in his speech at Stanford University on August 14, saying that AI startups can first steal intellectual property through AI tools and then hire lawyers to deal with legal disputes.

Google's former CEO angrily criticized employees for "only coming in one day a week" and "not being able to compete with OpenAI", and apologized quickly after the controversy

Eric Schmidt believes that Google AI lags behind because it is not "competitive enough".

This week, a video released by Stanford University caused a lot of heated discussion: Eric Schmidt, former CEO of Google, claimed that the reason why Google lags behind OpenAI in AI is mainly because it is not "competitive enough".

Eric Schmidt served as CEO of Google from 2001 to 2011 and was also a member of Apple's board of directors. Although he stepped down as CEO from 2015 to 2017, he remained the executive chairman of the parent company Alphabet. In 2018, he stepped down as executive chairman again and left the Alphabet board of directors in 2019.

Nvidia is rising, while Huang Renxun is selling

At present, the field of AI big models has not yet explored a large-scale commercialization model, but the exploration cost remains high. AI industry giants may choose to shrink or give up due to uncertain prospects or performance pressure.

Nvidia has risen again. In the past five trading days (August 12-August 16), the stock price has risen by 14%. As of August 16, Eastern Time, the stock price rose to US$124.58 per share, and the market value reached US$3.06 trillion.

Huang Renxun sold again. According to documents disclosed by the US Securities and Exchange Commission, from August 8 to 9, Huang Renxun sold 240,000 Nvidia shares and cashed out about US$24.9 million.

The AI ​​industry is a gold mine with huge commercial value. Nvidia plays the role of "shovel seller" in it. As the world's largest GPU manufacturer, Nvidia occupies more than 80% of the market share.

However, at present, the field of AI big models has not yet explored a large-scale commercialization model, but the exploration cost remains high. AI industry giants may choose to shrink or give up due to uncertain prospects or performance pressure.

Huang Renxun cashed out again, cashing out nearly 600 million US dollars in three consecutive months

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