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Gold
4028.18
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81.873
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Real-time News
Taiwan Stock Exchange: The fundamentals of the Taiwan stock market remain stable.On July 29th, the UK Competition and Markets Authority (CMA) launched an investigation into Microsoft (MSFT.O) to examine whether it misled users into paying higher software subscription fees after integrating the Copilot AI feature into Microsoft 365. The CMA stated that the investigation focuses on whether Microsoft clearly explained the changes to the subscription plan and the price increase due to new features like Copilot to users before subscription renewals for Microsoft 365 (which includes office software such as Word, Excel, and Outlook). According to the CMA, Microsoft offered the Copilot feature to existing users for free last year, but automatically switched them to a more expensive new plan upon subscription renewal. Unless users actively switched to another plan or cancelled their subscription, they would pay higher fees. Currently, the CMA has not found any illegal behavior on Microsofts part. If found to have violated consumer protection regulations, Microsoft could face a fine of up to 10% of its global revenue.Morgan Stanley raised its price target for Visa (VN) to $416.00, up from $415.00 previously.Morgan Stanley raised its price target for PayPal (PYPL.O) from $34.00 to $45.00.On July 29th, Xingyun Technology announced that its wholly-owned subsidiary, Shenzhen Xingyun, had previously signed a "Computing Power Service Agreement" with VB customer. Shenzhen Xingyun will provide computing power services to VB customer for a period of 5 years, with a total amount including tax of RMB 1.014 billion. VB customer is a leading domestic provider of large-text head-level models with deep expertise in the ultra-large contextual data sector and the ability to develop its own large model foundation. Due to increased business needs and recognition of Xingyuns delivery capabilities, VB customer recently signed a "Supplementary Agreement" with Shenzhen Xingyun, stipulating that the number of computing power service units provided by Shenzhen Xingyun will double from the original 128 units to 256 units. The unit computing power service fee has also increased, resulting in a total computing power service fee of RMB 3.0528 billion, an increase of 201.14% compared to the original agreement amount.
