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According to the Financial Times, Intel (INTC.O) plans to launch an artificial intelligence chip by the end of the year, which will use cheaper memory and cooling technology than its competitors Nvidia and AMD.
Hong Kong-listed stocks related to the MINIMAX concept continued to decline, with Zhipu (02513.HK) falling by more than 10% and MINIMAX-W (00100.HK) falling by more than 7%.
June 1st - Demand for AI propelled Japanese stocks to record highs, with SoftBank surpassing Toyota to become Japans most valuable company on Monday. With its significant exposure to ChatGPT developer OpenAI and broader ambitions in the AI field, SoftBank has transformed itself into a vehicle for the current investment frenzy sweeping the Japanese market. SoftBank has risen nearly 73% year-to-date and hit another record high on Monday, gaining over 8%, after pledging up to €75 billion in investment in France to build a massive AI computing cluster network. Its market capitalization now exceeds 46 trillion yen (approximately $288 billion). Toyota, whose market capitalization closed slightly above 48 trillion yen on Friday, fell nearly 4.5% on Monday, dropping below 46 trillion yen. The automaker surpassed telecommunications group NTT Docomo to become Japans most valuable company in this metric in 2003.
The Hang Seng Index extended its gains to 1%, while the Hang Seng Tech Index is currently up 2.52%.
On June 1st, it was reported that on May 28th, a special training course for central enterprises in the field of new energy vehicles, organized by the State-owned Assets Supervision and Administration Commission of the State Council (SASAC), opened at Tsinghua University. Tan Zuojun, member of the Party Committee and Vice Chairman of SASAC, attended the opening ceremony and delivered a speech. Tan Zuojun emphasized that, closely following the development trends of electrification, intelligentization, and AI in new energy vehicles, it is crucial to accelerate organizational progress and the cultivation of urgently needed talents, strengthen the talent pool, and provide a solid talent guarantee for enterprise transformation and upgrading. He stressed the need to adhere to a problem-oriented approach, focus on training objectives, and meticulously organize and implement the training. Efforts should be made to enhance the ability of leading technical talents to grasp the direction of industrial development, innovate key core technologies, and organize collaborative industrial ecosystems; and to enhance the user insight, digital marketing, and overseas market expansion capabilities of leading marketing talents. In particular, it is essential to cultivate a group of talents proficient in "AI + New Energy Vehicles," enhancing their ability to define automobiles with AI and empower advanced manufacturing with AI technology.