EUR/USD
1.17518
0.036%
Gold
4695.19
0.094%
Oil
92.627
-0.762%
USD/JPY
156.316
-0.043%
GBP/USD
1.35984
0.044%
GBP/JPY
212.568
0.023%
Real-time News
The yield on Japans two-year government bonds fell 1.0 basis point to 1.370%.On May 7th, Sullivan, an international market research firm, released its "China University and Research Institution AI4S Market Tracking Report, 2025." The report shows that Alibaba Cloud leads the Chinese university and research institution AI4S cloud market with a 26% market share, firmly holding the top position. The report indicates that the Chinese university and research AI4S cloud market is in a period of rapid growth and is projected to reach 10.7 billion yuan by 2030. Sullivan points out that compared to the general enterprise AI market, the demand for AI4S in Chinese universities and research institutions is upgrading from single computing resources to the construction of full-stack AI capabilities, emphasizing adaptability to research tasks, the collaborative capabilities of complex computing power and toolchains, and continuous service capabilities in cross-disciplinary scenarios. Alibaba Cloud has formed a complete technology stack across the entire chain of "computing power—platform—model—application—ecosystem," becoming the only vendor to achieve full-stack leadership.On May 7th, Fantasia Holdings (01777.HK) announced on the Hong Kong Stock Exchange the latest progress of its offshore debt restructuring: The company anticipates that it will be unable to obtain all the necessary regulatory approvals in a timely manner to complete the restructuring by the current final deadline (May 31, 2026). Therefore, as a prudent measure, the company intends to seek approval from the scheme creditors to extend the final deadline from May 31, 2026 to June 30, 2026, in accordance with the terms of each scheme.May 7th - In the first quarter of this year, driven by both the expanded and strengthened trade-in program for consumer goods and the deep integration of AI technology with consumer products, my countrys smart consumer device manufacturing sector showed a positive development trend with impressive production growth, becoming a crucial pillar of industrial economic growth. Data shows that in the first quarter, my countrys smartphone production reached 298 million units, a year-on-year increase of 6.9%, while service robot production exceeded 4.4 million units, a year-on-year increase of 2.6%. Sales of finished products also boosted the production of upstream electronic components. Integrated circuits, as a core supporting component, saw a production volume of 127.2 billion units, a year-on-year increase of 24.3%, providing solid support for the production of smart consumer products.On May 7th, CNBCs Jim Cramer stated on Wednesday that cloud computing giants absolutely cannot skimp on their investment in artificial intelligence (AI). Cramers comments came after some described the surge in data centers and AI-related stocks as a "build it and theyll come" model—companies aggressively investing in infrastructure in the hope of eventually attracting customers. However, Cramer argued that applying this famous line from the movie *What Happens When It Comes* to the AI boom ignores a crucial point: customers already exist, and cloud service providers eager to meet demand are working hard to satisfy it. "The key to this data center boom is that its not a fantasy story, because data centers are being built, customers are actually flocking in, theyve already secured their places, and the momentum is building until every seat is filled," he said. He cited Amazon as an example to demonstrate that a comprehensive AI strategy is no longer just a pipe dream. Cramer quoted Amazons CEO regarding the need for continued investment: "If you dont build this stadium, customers will go elsewhere, and youll miss out on a lot of business opportunities."
