LB Select
2023.05.17 23:46
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Breakfast | Tesla reportedly proposes building a factory in India, users report issues with OpenAI

US stocks closed higher, with mixed gains and losses among popular Chinese concept stocks. TuSimple rose 31.96%, while Alibaba and Tencent ADR both rose 2%. The proportion of Android users in the US market switching to iPhone has reached a new high in five years. BYD has established an intelligent driving research department in Shanghai. Meta Platforms faces EU privacy fines for transferring Facebook data to the US. Alphabet-C's latest universal language model, PaLM2, was trained on 360 trillion tokens, five times the previous generation. Shein's valuation has plummeted by one-third.

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Market Overview

American three major stock index futures fell by about 0.1%, and Dow futures are currently performing the worst

Major US stock indexes rose, bank stocks rebounded collectively, and star technology stocks rose together

Popular Chinese concept stocks have mixed ups and downs, Tucson Future rose by 31.96%, Alibaba and TENCENT ADR both rose by 2%

Top Stocks

TENCENT Q1 conference call: Good progress in AI basic model, huge development space for live streaming e-commerce

Media: Micron Tech will receive $1.5 billion from Japan to produce next-generation chips

The proportion of Android users in the US market switching to iPhone has reached a new high in five years

Apple's iPhone "Tap to Pay" function has been extended to Australia

ZTO EXPRESS-W: Has appointed Mr. Chen Xudong, Director of Alibaba's Strategic Investment Department, as a director of the company

Cisco: Its network products have provided support for critical artificial intelligence models User reports show OpenAI has encountered problems

The large language model PaLM 2 announced by Alphabet-C last week uses almost five times the training data of its predecessor

The Netflix advertising section now has nearly 5 million active users

The big rebound of regional banks does not mean the crisis is over! The bears are still betting

Using large language models to "train"! Amazon previews Alexa's significant progress this year

What is the most worrying thing about AI? This is the answer from Microsoft CEO

Liyang Hong finally made a mobile phone

BYD is also playing finance

BYD is actively promoting the development of its autonomous driving technology

Volkswagen Battery Company: Looking for Asian partners to build three more battery factories in the next 10 years

[Volkswagen plans to implement a cost-cutting plan of 3 billion euros](https://longportapp.cn/en/news/87941316? force=1&app_id=longbridge)

Media: Tesla proposes to build a new electric car factory in India

Meta may face record privacy-related fines from the EU due to cross-Atlantic data transfer

Macro and Strategy

Insiders: The valuation of Chinese concept stocks has clearly been undervalued

Reassuring people as the debt ceiling negotiation countdown begins: Biden and Republican leaders both say they will not default

Biden: US debt default will have catastrophic consequences for the US economy and people

Steve Cohen, a well-known Wall Street tycoon: "Very optimistic" about the market due to artificial intelligence

Valuation reduced by one-third! Shein raises another $2 billion, with a revenue target growth of 40% this year

After the price war, the era of parity between oil and electric vehicles will arrive in 2023 ahead of schedule