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More →Shanghai has completed the filing of more than 200 large models in total.
According to a report from Bijie, Zhang Ying, Deputy Secretary-General of the Shanghai Municipal Government, stated at the opening ceremony of the 2026 Global Developer Pioneer Conference and the International Embodied Intelligence Skills Competition that Shanghai has so far completed the filing of more than 200 large models, with several foundational large models reaching world-leading levels. The city's intelligent computing power has exceeded 200,000 petaflops, and the total number of AI professionals has surpassed 330,000. By 2027, the city aims to achieve a breakthrough of 50 billion yuan in the scale of its core embodied intelligence industry.
Goldman Sachs: Hedge funds suffer broadest drawdown since the pandemic
According to Bijie News, as the market questions the return on AI investment, global hedge funds have suffered one of the broadest selloffs since the COVID-19 pandemic. Data from Goldman Sachs Group's prime brokerage division shows that Thursday's stock market selloff caused all three major categories of stock strategies to fall by more than 1% on the same day for the first time. As of Thursday's close, global fundamental long-short strategy funds had fallen 1.4%, their worst single-day performance since July 16, while funds focused on the telecommunications, media, and technology sectors fell by an average of 2.7%. Global systematic long-short strategy funds also suffered their third-largest single-day decline since December 2023, falling 1.3%. Multi-strategy platforms were not spared either, dropping 1.9% on Thursday, their second-worst single-day performance since the tariff-induced market selloff in April 2025.
SK Hynix cancels US subsidiary IPO plan, shares plunge 8%
CoinWorld news: SK Hynix announced the cancellation of the IPO plan for its U.S. subsidiary Solidigm, causing its stock price to fall 8%. The plan had originally been expected to list on Nasdaq and raise about $10 billion, but faced challenges due to shareholder opposition to dilution and the split of ownership. The company confirmed that Solidigm abandoned the IPO financing and evaluation after considering "capital market conditions and other factors." This move leaves SK Hynix seeking other ways to fund Solidigm's expansion, as concerns over AI spending weighed on chip stocks.
The eighth batch of rewards for Bitget's "Peer Program" has been distributed, with cumulative rewards exceeding 7.65 million USDT.
According to Bitget official data, the platform's "Peer Program" has completed the distribution of the eighth batch of rewards, with cumulative rewards distributed reaching 7,657,537 USDT and a cumulative total of 5,946,778 recipients. In addition, after users enter the campaign page to claim their rewards, they can also receive an additional chance to draw an 8th anniversary surprise mystery box. The campaign will continue until October 26.
DeepSeek banned by US federal agencies over espionage concerns
According to Cointelegraph, Deepseek has been banned by U.S. federal civilian agencies over espionage concerns. Meanwhile, a Singaporean company is the backer of Europe's only spot Bitcoin ETF, and Switzerland and Vietnam have reached a cooperation agreement on crypto technology.
He Yi reposted a Binance Agent wallet risk warning, reminding users to be aware of developer mode risks.
According to CoinWorld news, He Yi reposted a risk warning from jackson.ll, a developer of the Binance Wallet web version, stating that enabling developer mode in the agent allows signing unverified contract transactions. Users need to be aware of the potential risks, and it is recommended to disable this mode after trading or wait for verified developer products.
Kimi (Moonshot AI) is about to release K3.1 and has published a related teaser video.
CoinWorld news: Kimi (Moonshot AI) is about to release its latest large model, K3.1, and has published a related teaser video. Many developers in the AI industry have already noticed the update, sparking heated discussion.
Data shows that after an agreement was reached between Russian President Putin and U.S. President Trump, an oil tanker carrying 40,000 tons of Russian diesel set sail for New York.
According to CoinWorld news, data shows that after an agreement was reached between Russian President Putin and U.S. President Trump, an oil tanker carrying 40,000 tons of Russian diesel set sail for New York.
The total Put/Call ratio for U.S. equity options reported 0.94.
CoinWorld US stock data: The total Put/Call ratio for US stock options is 0.94, with call option trading volume higher than put option volume on the day. Compared with the same-caliber snapshot 24 hours ago, it rose by 0.07; compared with the same-caliber snapshot 7 days ago, it rose by 0.14.
Shanghai releases an action plan for AI-empowered industrial services.
According to a report by Bijie Network, the Shanghai Municipal Commission of Economy and Informatization has issued the "Shanghai Action Plan for Accelerating the High-Quality Development of AI-Empowered Industrial Services (2027–2028)." The plan proposes reducing the cost of using intelligent elements, supporting enterprises in calling third-party large model APIs deployed on cloud platforms, or adopting private deployment of third-party large models to advance vertical applications of large models, with subsidies of up to 5 million yuan. At the same time, industrial intelligent computing cloud platforms are encouraged to provide industrial service enterprises with low-code intelligent agent development platforms and to launch computing power benefit programs for enterprises, supporting enterprises in renting non-affiliated intelligent computing resources to carry out large model and intelligent agent R&D and applications, with rental subsidies of up to 30%, and supporting enterprises in purchasing high-quality corpora for model and intelligent agent R&D and applications, with subsidies of up to 5 million yuan.