已经扩展到了 10 亿 token，未来能否将整个互联网作为一个序列处理？

微软新出热乎论文：Transformer 扩展到 10 亿 token

Wang Chuanfu's Key Battle for Luxury Cars Dream

7 月 8 日下午，中共中央政治局委员、国务院副总理何立峰会见美国财长珍妮特·耶伦。

国务院副总理何立峰会见美国财长珍妮特·耶伦

美股长期多头、前沃顿商学院教授杰里米·西格尔（Jeremy Siegel）警告称，投资者对加息前景不以为然，纷纷涌入股市，但购买狂潮可能会戛然而止。

大多头西格尔警告：下半年衰退风险仍很高，美股涨势可能戞然而止

7 月 8 日，腾讯公司副总裁、华东总部总经理张立军在世界人工智能大会游戏 AI 应用与游戏科技论坛上表示，在过去半个多世纪里，游戏与前沿科技一直处于一种紧密的共生关系之中。在用户不断提升的体验需求驱动下，游戏总能及时地拥抱和应用最前沿的科技成果，反过来，游戏也成为推动芯片、AI 等技术发展的强大驱动力。游戏科技不仅在不断革新游戏产品形态与研发方式，也有望为更多生产、生活领域带来新可能。

腾讯张立军：游戏已成为推动芯片、AI 等技术发展的强大驱动力

新浪科技讯 7 月 8 日下午消息，新浪科技独家获悉，已经连续多个季度营收下降的小米，继续大力推进降本增效，以改善业绩。

小米继续推进降本增效：成立降本增效专项组 CFO 林世伟挂帅

日前，中国汽车工业协会组织蔚来、理想等 16 家汽车生产企业签署了《汽车行业维护公平市场秩序承诺书》。今日协会发布声明：协会认识到承诺书中 “不以非正常价格扰乱市场公平竞争秩序” 涉及 “价格” 表述，表意不当。将上述条款从承诺书中删除，并敦促 16 家及其它汽车生产会员企业，严格遵守《反垄断法》及相关行政法规、指南、规章，自主定价、公平竞争，共同为产业规范健康创新发展贡献力量。

中国汽车工业协会：删除《承诺书》涉及价格表述，敦促车企严格遵守《反垄断法》

马斯克试驾特斯拉电动皮卡 Cybertruck。

This tells people that trading should never be based on ADP data.

"Sizeable non-farm" fluctuates! Is the US market "making false moves" or "finding an excuse to exit"?

The short sellers who helped drive the stock market up this year have finally given up fighting against the market.

Be cautious of overly optimistic market sentiment! The bears "resigned" and fled, reducing the upward momentum of US stocks by one.

On the morning of July 8th, ANT GROUP disclosed that in order to supplement the employee incentive pool to continuously attract talents, and to further meet the shareholders' demand for liquidity, it will repurchase a portion of the existing shares from its shareholders using its own funds, with a repurchase ratio not exceeding 7.6% of the total share capital.

After being heavily fined, ANT GROUP initiates a buyback! Valuation has dropped by 40% compared to 2018.

7 月 8 日上午消息，蚂蚁集团为补充员工激励池以持续吸引人才，同时为进一步满足股东对流动性的需求，将以自有资金回购现有股东的部分股份，回购比例不超过总股本的 7.6%。相关事项已获得蚂蚁集团董事会批准，并提交股东大会审议。蚂蚁集团方面表示，本次回购遵循市场化原则操作。为合理确定回购价格，蚂蚁集团参考市场惯例，聘请了国内外知名投行作为财务顾问，并根据其出具的估值报告进行了定价。

为补充员工激励池及满足股东流动性，蚂蚁集团启动股份回购

Three major US stock indexes fell for three consecutive days. Most blue-chip technology stocks turned lower during the session, with Microsoft down more than 1%, and NVIDIA bucking the trend with a rise of over 1%. The energy sector rose more than 2%, while Chinese concept stocks outperformed the broader market, with the Chinese concept index up over 3%. JD.com rose nearly 5%, while NIO-SW and Tencent both rose more than 4%. European stock indexes rebounded, but still recorded the largest weekly decline in nearly four months, down more than 3% for the week. After the release of non-farm payroll data, the two-year US Treasury yield moved away from its highest level since 2007, while the ten-year yield hit a four-month high. The US dollar index accelerated its decline, reaching a two-week low. The Japanese yen reached a two-week high, and the offshore renminbi briefly rebounded by 400 points. Brent crude oil hit a two-month high, with a weekly gain of over 4%, the largest in three months. Gold recorded its largest daily gain in a month, ending a three-week decline.

Non-farm employment unexpectedly slowed down and failed to rescue the US stock market. The first week of July started off on a negative note, with Alibaba surging 8% and "Sino-Russia" supporting a significant increase in crude oil prices throughout the week.

Apple will set aside a dedicated area in its physical stores to provide customers with the experience of head-mounted display devices, making it easier for consumers to choose the right headset and accessories. Some analysts believe that Apple's move is actually a necessary choice, as it is the only way to ensure that customers can purchase Vision Pro with the appropriate size headband and Light Seal (an accessory made of soft textiles that fits the face).

Slow down production speed is not enough? Apple plans to let users pre-order before purchasing the Vision Pro headset.

As a virtual being, Einstein has made 1.6 million responses on Character.AI, covering a wide range of topics - from his own theory of relativity (he passed away in 1955) to pet recommendations, such as "A cat would be a good choice!"

Einstein and Tesla's aura! Character.AI downloads have reached millions.

Just as Nvidia is booming with its AI chips and its stock price has surged by 200%, it seems that traditional storage chips have yet to see a revival. However, due to the strong demand in the AI market, some analysts believe that storage chip companies have already launched new chips tailored for the AI era, which are expected to help these companies turn the tide in the future.

Ice and fire coexist! AI prosperity has not yet broken the sluggish state of storage chips.

SAIC Volkswagen's current month's discount promotion offers a maximum price reduction of 37,000 yuan for the ID.3 model. It is reported that the cumulative sales of this model have exceeded 130,000 units since its launch, making it the best-selling pure electric vehicle among joint ventures. Earlier on Friday, Tesla globally launched a cash incentive for recommended car purchases, which is expected to trigger a hidden price war and boost sales.

"On the day after the establishment of the 'No Price Reduction Alliance,' a car manufacturer immediately reduced prices. SAIC Volkswagen's ID.3 saw a maximum price reduction of 23%."

The cost and technological challenges brought by silicon-based OLED microdisplays required for creating immersive experiences have posed difficulties for Apple, as the main supplier Sony has doubts about the prospects of MR headsets and refuses to expand production. Samsung Display, LG Display, and China's Visionox all want to secure the subsequent production rights for this "most expensive component" of the Vision Pro.

A pair of $700! Key component that hinders Apple Vision Pro's progress, small, expensive, and difficult to produce

早盘道指跌，标普纳指曾转涨，中概跑赢大盘，中概指数曾涨近 3%，京东涨超 3%，百度、拼多多、蔚来涨超 2%。

非农就业未消 7 月加息预期，美股涨跌不一，7 月首周势将 “开门黑”，阿里大涨 7%

腾讯回应收央行罚款通知：公司相信金融监管部门的工作重点将转入常态化监管，落实促进平台经济健康发展的金融政策措施，并支持、鼓励平台企业持续提升金融普惠性。本公司认为，央行的罚款决定对本集团整体的经营和财务状况没有任何重大不利影响。

Within a day, several industry giants announced new advancements in AI, leading to a fierce competition in large-scale models and reaching new heights.

AI Big Models Engage in Fierce Battle! Within a Day, Giants like Huawei, Alibaba, TENCENT, etc. All Take Action

金十数据 7 月 7 日讯，一位接近监管人士表示，对蚂蚁、腾讯整体处罚金额较大主要是由于其国内市场占有率高、客户多、业务规模大等原因导致。金融管理部门对平台企业、支付产业的政策取向未变。“我们将一如既往的推动科技金融创新，鼓励平台企业持续扩展金融普惠性，更好服务实体经济和民生需求。” 在市场分析人士看来，金融管理部门对蚂蚁集团等平台企业的处罚，划清了合法与非法的界限，规范了市场秩序，切实维护了金融消费者合法权益，有利于营造公平有序的市场环境。上述接近监管人士预计，后续蚂蚁集团申设金控公司、申请征信等业务牌照的进度可能会加快。（一财）

监管人士预计，后续蚂蚁集团申设金控公司、申请征信等业务牌照的进度可能会加快

中国人民银行对支付宝、财付通开出巨额罚单。

支付宝、财付通收央行巨额罚单，分别被罚没超 30 亿和近 30 亿

蚂蚁集团公告，自 2020 年以来，蚂蚁集团在金融管理部门指导下积极推进各项整改，目前已完成相关整改事项。今天，蚂蚁集团收到金融管理部门行政处罚决定书，我们对此诚恳接受、坚决服从，并将进一步夯实合规治理水平。未来，蚂蚁集团将恪守使命与初心，坚持守正创新，继续增强科技研发能力，努力为实体经济尤其是小微群体做好服务并创造更大价值。

蚂蚁集团：诚恳接受、坚决服从

美国 6 月季调后非农就业人口增加 20.9 万人，为 2020 年 12 月以来最小增幅。

美国 6 月非农就业人口变动 20.9 万人，预期 23 万人，前值 33.9 万人。

经查明，蚂蚁基金销售存在以下违法事实：一、违反代销基金产品准入、宣传、档案管理有关规定。二、违反基金销售机构人员管理、内部控制有关规定。蚂蚁基金销售上述行为反映出公司在开展基金销售业务过程中，未能恪尽职守，未履行诚实信用、谨慎勤勉的义务，违反了《证券投资基金法》《公开募集证券投资基金销售机构监督管理办法》有关规定。公司总经理林思思对公司开展基金销售业务负有管理责任，是公司前述违法违规行为的主管人员。 根据当事人违法行为的事实、性质、情节与社会危害程度，依据《销售管理办法》第五十七条的规定，浙江证监局决定：一、对蚂蚁 (杭州) 基金销售有限公司给予警告，并处以 7368 万元罚款；二、对林思思给予警告，并处以 15 万元罚款。

浙江证监局对蚂蚁基金销售及公司总经理林思思给予警告并处罚款

目前，平台企业金融业务存在的大部分突出问题已完成整改。金融管理部门工作重点从推动平台企业金融业务的集中整改转入常态化监管。

证监会：对蚂蚁集团处以罚款 71.23 亿元，工作重点从推动平台企业金融业务的集中整改转入常态化监管

证监会：近期，针对蚂蚁集团及旗下机构过往年度在公司治理、金融消费者保护、参与银行保险机构业务活动、从事支付结算业务、履行反洗钱义务和开展基金销售业务等方面存在的违法违规行为，金融管理部门依据《中国人民银行法》《反洗钱法》《银行业监督管理法》《保险法》《证券投资基金法》《消费者权益保护法》等，对蚂蚁集团及旗下机构处以罚款（含没收违法所得）71.23 亿元。

证监会：对蚂蚁集团及旗下机构处以罚款（含没收违法所得）71.23 亿元

According to informed sources, Apple plans to launch the retail version of Vision Pro headset in some markets in the United States early next year, and it will only be available for purchase by appointment.

Apple plans to initially sell the Vision Pro in select regions of the United States and will only accept pre-order customers.

7 月 7 日，据比亚迪汽车消息，当地时间 7 月 5 日，比亚迪巴西分公司与滴滴旗下的巴西出行服务平台 99 宣布达成合作，300 辆比亚迪 D1 纯电动车将通过租赁方式提供给 99 平台司机。

比亚迪与滴滴旗下巴西出行平台 99 达成合作

美国银行：过去 8 周有 310 亿美元流入发达市场股市，140 亿美元流入新兴市场股市，为自去年 11 月流入前者的资金超过后者。

大摩表示，受到核心业务复苏、国际业务、菜鸟服务和本地服务的带动，预计阿里 2024 财年第一财季中国零售商业客户管理和经调整 EBITA 将同比增长 5.5% 和 18%。

大行速睇 | 特斯拉、微软目标价获大幅上调！阿里还能涨 80%？

美银策略师表示，今年大量涌入科技股的投资者可能因为加息引发的抛售而措手不及。“我们认为，‘乘最后一次加息卖出’ 的交易将给科技股带来最大冲击，” Michael Hartnett 等美银策略师在一份报告中写道。但他们说，如果人工智能热潮持续下去，目前少数几支大型科技股存在的 “婴儿泡沫” 将在下半年进一步扩大。

美银策略师：加息引发的抛售将对科技股构成最大冲击

美国股债性价比越高则代表美股相对越便宜，反之则越贵。近期，该数值已经显著跌破了历史范围的下沿，显示当前美股估值处于历史偏贵水平。

美国股债性价比跌破历史新低！意味着什么？

特斯拉上海 1 期电池线停产，或调整电池包自制策略。

Economists generally expect the labor market to continue loosening, with job additions in June expected to drop to 225,000. However, the "mini non-farm" ADP report exceeded expectations by more than double, which may once again surprise Wall Street tonight.

ADP Surprises, How Exciting Will Nonfarm Payrolls Be Tonight?

Shell's natural gas trading business is the key to the company's record-breaking profits in recent times.

Energy giants Q2 performance pessimistic? ExxonMobil and Shell issue consecutive profit warnings.

Investors may consider simplifying their approach and attempting to construct a portfolio that is sufficiently diversified across asset classes and regions. This can be achieved through strategies such as segmented investing and core-satellite portfolios, aiming for stable returns.

Bank of China Cinda Asset Management: Relatively cautious view on the US stock market, recommends diversified investment to cope with macro uncertainties.

野村预计阿里中国电商收入同比增长 8%，超过市场预期 5% 的增速，也为过去连续六个季度以来的首次正增长。二季度淘宝争夺拼多多用户的举措已取得初步成果，但后续能否留住、如何留住新用户还有待观察。

前瞻 | 阿里业绩可能全面超预期！中国电商收入增速有望重回正增长

金十数据 7 月 7 日讯，知名百亿量化私募启林投资创始合伙人、投资总监王鸿勇在第八届中国 FOF&MOM 基金管理人年会上表示，当前，AI 在金融领域最重要的应用就是量化投资。量化投资本质上是信息系统、模型系统、决策系统的有机结合，是从市场选取因子、不断优化投资模型到决策的过程，在这个过程中，AI 可以帮助管理人不断优化上述环节。基于当前 AI 不断渗透进入量化投资的现状，在 “ChatGPT 是否会取代最化投资” 这一问题上，王鸿勇表态，当前 ChatGPT 取代量化投资仍存在很大难度。当前金融市场是一个低信噪比和非稳态的市场。

启林投资创始合伙人王鸿勇：ChatGPT 取代量化投资仍存在一定难度

热门中概股美股盘前上涨，百度涨 1.38%，京东、哔哩哔哩涨近 1%。

华尔街见闻 7 月 7 日获悉，在 2023 世界人工智能大会上，百度集团副总裁袁佛玉表示，大模型正在进入产业爆发期。为此，百度 IT 技术栈已经从原来的三层架构（芯片、操作系统和应用）变成了四层架构（芯片、框架、模型和应用），让文心大模型实现了快速迭代和进化。此外，百度在大模型平台服务等方面也做足技术准备。

百度袁佛玉：大模型发展的下一个前沿是突破人类极限

金十数据 7 月 7 日讯，上海世界人工智能大会上，阿里云 CTO 周靖人在演讲中表示：“阿里云将把促进中国大模型生态的繁荣作为首要目标，向大模型创业公司提供全方位的服务，包括最强大的智能算力和开发工具，并在资金和商业化探索方面提供充分支持。阿里云魔搭社区现已聚集 180 万 AI 开发者和由 20 多家顶尖人工智能机构贡献的 900 多个优质 AI 模型，找大模型上魔搭，我们将努力把魔搭社区培育成中国最大的 ‘大模型自由市场’。”

阿里云推出大模型助手魔搭 GPT，可一键调用所有大模型 

Domodaran pointed out that Nvidia is essentially a hardware company and faces inherent limitations when selling chips to other companies. Other members of the "trillion-dollar club" have a wider range of products and several ways to make money.

After holding it for five years, what did the "valuation master" see when he sold NVIDIA?

Tesla plans to showcase a humanoid robot called "Optimus Prime" in its stores to increase foot traffic and customer engagement. It will first be tested in the Chinese market.

Tesla stores may start selling cars with robots? Maybe not what you think.

China's Alibaba unveils AI image generator to take on Midjourney and DALL-E

丹斯克银行前瞻美国 6 月非农：预计 6 月非农就业数据将录得 18 万，如果我们确实看到工资通胀进一步降温的迹象，且 7 月 12 日公布的核心 CPI 录得下降，我们认为美联储最终可能会在下次会议上保持利率不变。