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According to Modern Express, Capital Medical University recently reported a telecom fraud case where a freshman from the class of 2026 was scammed by someone impersonating public security and judicial personnel, resulting in a total transfer of nearly 1.8 million yuan. The police urgently intercepted 370,000 yuan, with an actual loss of over 1.42 million yuan.The scammer used methods such as forging police officer credentials, case documents, and threats of retaliation to demand that the student cut off contact with their family and school. They lured the student into withdrawing 200,000 yuan in cash, 450 grams of gold, and additionally purchasing 370,000 yuan in virtual currency, as well as transferring 710,000 yuan online. During this time, bank and police staff inquired and advised multiple times, but they were unable to stop the fraud in time.

According to on-chain analyst Ai Yi's monitoring, the recent crash over the past two days has narrowed Sun Yuchen's PEPE floating profit to 5.048 million dollars, which once soared to 18.55 million dollars.Since October 17, Sun Yuchen has withdrawn a total of 11.8 trillion PEPE from the exchange, worth 48.76 million dollars, with a cost of 0.000004114 dollars. Before November 11, the price of PEPE remained relatively strong, and after Sun Yuchen's withdrawal, it reached a maximum increase of 38%. Although it has since retreated, it is still in a profitable state.

SMIC released its third-quarter financial report. In the first three quarters, it achieved operating revenue of 60.618 billion yuan, a year-on-year increase of 22.4%; net profit attributable to the parent company was 7.314 billion yuan, a year-on-year increase of 91.6%.In the third quarter alone, the company achieved operating revenue of 21.983 billion yuan, a year-on-year increase of 28.1%; net profit attributable to the parent company was 2.847 billion yuan, a year-on-year increase of 87.6%. The overall sales revenue for the third quarter reached 3.19 billion USD, a quarter-on-quarter increase of 6.1%; the gross profit margin was 29.9%, an increase of 4.6 percentage points quarter-on-quarter. The performance changes were mainly due to the year-on-year increase in wafer sales, rising capacity utilization, and changes in product mix.The company expects a quarter-on-quarter revenue growth of 4% to 6% in the fourth quarter, with a gross profit margin guidance of 26% to 28%.

Seedance announced the launch of the video generation model Seedance 2.5 flash, which supports generating videos up to 30 seconds long in a single instance, allowing for a maximum input of 10 images, 5 video segments, and 5 audio segments, providing resolutions of 480P and 720P.The official statement indicated that the generation speed of this model is twice that of Seedance 2.5; for example, the generation cost for video generated from text and images at 720P is approximately 0.99 yuan/second, which is about 34% lower than Seedance 2.5.Seedance 2.5 flash will gradually be available on platforms such as Jimeng, LibTV, Updream, Creao AI, and TapNow starting today, with the API expected to go live on November 15 on Volcano Ark.

According to the Science and Technology Innovation Board Daily, at the opening ceremony of Baidu World 2026, Baidu founder Robin Li stated that the iteration speed of models is very fast, with more than one new model released almost every day in the first nine months of this year. At the same time, the demand for model invocation has experienced a huge explosion, leading to the emergence of a batch of token transfer stations. To this end, Baidu launched the large model trading platform, Token Exchange.Robin Li stated that Token Exchange is a marketplace for large models, aiming to gather high-quality models and model providers, allowing enterprises and even individuals to easily find, purchase, and use reliable model tokens. Since its launch a month ago, over 100 supply resources have settled in Token Exchange, with an average daily invocation exceeding 50 million times and an average daily token invocation surpassing 700 billion.

On the morning of November 12, the computing power chip concept stock Suiruan Technology (688801) expanded its gains to 18%, with the stock price reaching a new high since its listing, and a total market value exceeding 250 billion yuan, accumulating a rise of over 80% in the last 7 trading days.As of the time of writing, Suiruan Technology's increase is 17.82%, priced at 582.01 yuan, with an intraday high of 588.00 yuan, a transaction amount of 1.16 billion yuan, and a turnover rate of 12.35%. Public information shows that Suiruan Technology is a leading enterprise in domestic cloud AI chips.

The founder of Slow Fog, Yuxian, issued a warning stating that the new version of Telegram supports directly embedding interactive applications in chat messages. The related functionality uses QuickJS to execute JavaScript, which may increase the risk of malicious code attacks, and users are advised to upgrade with caution.The Bot API 10.4 officially introduced this feature on November 9. Although the official version provides a QuickJS sandbox and network access restrictions, recent security researchers have discovered that the related execution engine previously had a remote code execution vulnerability that could potentially break the sandbox isolation.

Tencent officially launched an independent search website "Yuanbao Search" (so.qq.com), competing with Baidu and Google. The website defaults to AI search, allowing users to receive complete answers and reference sources after inputting questions, and supports follow-up inquiries. It also retains traditional web search and provides search entry points for public accounts, video accounts, images, and academic content.Currently, there have been instances where inputting keywords in Sogou Search directly redirects to the Yuanbao Search results page, and the latest version of QQ Browser also supports setting Yuanbao Search as the search engine. Tencent is gradually integrating existing search entry points into Yuanbao.The last self-developed search by Tencent dates back to "Soso," launched in 2006, when it brought in technical executives like Wu Jun from Google. In 2013, Tencent merged Soso's search business into Sogou, investing $448 million to acquire a 36.5% stake in Sogou; in 2021, it completed a full acquisition of Sogou. Starting in 2024, Tencent will promote Yuanbao AI Search, integrating WeChat Search and Sogou Search, and will open search capabilities to enterprises and developers in 2025. In October of this year, the service was renamed "Yuanbao Search," supporting API, MCP, and Skill integration. Official data shows that Yuanbao Search has an index of over 100 billion, with an average daily call volume of hundreds of millions, supporting more than 50 internal businesses such as Tencent Video, ima, and WorkBuddy.

According to a report by the Science and Technology Innovation Board Daily, there is a significant price disparity in the embodied intelligence data collection industry. For the same 1-hour period, the listed price for high-quality real machine data can reach 300 to 1000 yuan, while the hourly wage for end collection workers is as low as 8 yuan, with some original data transactions even dropping to 3 to 5 yuan per hour.The investigation found that the price difference mainly stems from multi-level subcontracting and the resale of data copies. A hundred-yuan order from the client, after being passed through five or six intermediaries, leaves the grassroots collectors with only about 15 yuan. The baseline remuneration for county-level projects is around 30 yuan/hour; falling below this standard poses compliance or source risks. Additionally, the resale of non-original data three to five times is "very common" in the industry, with some teams monetizing the same material through private copies or additional equipment for simultaneous recording.The report points out that while the industry loudly claims that high-quality data is scarce, data collection service providers are valued at tens of billions; on the other hand, low-priced copies are rampant, and data traceability has failed. Some intermediaries gain pricing power through order control, with domestic data producers averaging a gross profit of about 20% to 30%.

After Nvidia founder Jensen Huang admitted to an extramarital affair, the outside world began to calculate the potential property division if he were to divorce. According to Forbes, Jensen Huang currently has a net worth of approximately 155.2 billion dollars. Under California's community property system, assets acquired during the marriage are generally divided equally between the spouses. If this wealth is entirely considered community property, his wife Lori Huang could theoretically receive about 77.6 billion dollars, equivalent to over 500 billion yuan.The two met before Nvidia was founded. Jensen Huang met 19-year-old Lori when he was 17 at Oregon State University, where both were electrical engineering students and lab partners. Jensen Huang recalled that there were about 250 students in the entire program, with only 3 being female. To pursue Lori, he suggested they do homework together every Sunday and promised he could help her get all A's; he would complete the assignments in advance and show her the answers when they met.Jensen Huang also promised Lori that he would become a CEO before turning 30. The two married in 1985 and have been together for 41 years. In 1993, Jensen Huang founded Nvidia and became CEO at the age of 30. Lori was originally a chip engineer but later left the workforce to take care of their children. Jensen Huang has publicly stated that his wife has been involved in every step of Nvidia's development, accompanying him to almost every press conference and important speech. He even joked with company executives that since their marriage, his wife has handled almost all household affairs, including signing documents and managing family finances, to the extent that he doesn't even know the address of their home and never personally pays the bills.

According to reports from Beijing News and Beike Finance, Youliqi Robotics announced the completion of 500 million yuan in Pre-A round financing. Existing shareholders Xie Nuo Investment and Yonghua Investment have continuously increased their investments in multiple rounds, while new investors include Greenland Group, Keli Sensor, Huagong Venture Capital, New Scene Fuying, Hongniao Qihang Fund, and other industrial and financial investors.Youliqi focuses on the research and commercialization of embodied intelligent robots, and has currently developed replicable solutions in scenarios such as building security, hotels, supermarkets, and retail, with monthly shipments exceeding 100 units. Greenland Group will join as a strategic investor, and both parties will collaborate to promote the implementation of robot models, bodies, data, and solutions in security, hotel, and health care scenarios. Other new investors will provide support in areas such as hardware supply chain collaboration, university innovation ecosystems, and local industrial resources.

After a field visit to the Yuanjing Star River base in Ulanqab, Inner Mongolia, the American semiconductor research organization SemiAnalysis stated that the construction cost of this Chinese AI data center park may be only one-fifth of similar projects in the United States. The first phase of the Star River base, with a capacity of 120MW, was completed and delivered in less than a year. On August 6 of this year, the infrastructure for the first phase was completed, and the wind power and energy storage company Yuanjing Technology announced that the base officially commenced production. After nearly three months of electromechanical debugging and deployment of computing power equipment, the first phase of the approximately 200MW project was fully delivered to customers by the end of October.The entire park is planned to reach an IT power supply capacity of 800MW by the end of 2027, comparable to the approximately 820MW planned for OpenAI's Stargate Abilene core park, which is expected to reach this scale by the end of 2026. Stargate is a data center construction plan covering multiple states, with an initial goal of implementing 10GW of AI infrastructure capacity in the United States by 2029. In April of this year, OpenAI announced that it had secured over 10GW of planned capacity ahead of schedule, but these data centers have not all been completed and put into operation.Yuanjing Technology integrates power generation, energy storage, power supply, and data center construction, having built two wind farms with a total installed capacity of 420MW and supporting battery storage, aiming for over 60% of the electricity used by the first two phases of the data center to come from its own wind power. In contrast, the American Stargate Abilene park mainly relies on the grid and on-site gas-fired power generation facilities for electricity. Yuanjing has already operated an 800V high-voltage direct current system in a 5MW machine room, directly converting 10kV alternating current into the direct current required for server cabinets. The park also employs a cooling design that does not require central chilled water units, allowing liquid-cooled and air-cooled servers to share a single water circulation system.

The Alibaba Cloud Token Plan Personal Edition will significantly increase the monthly quota. The prices for the Lite, Essential, and Standard tiers remain unchanged, while the quotas will increase by approximately 74% to 78%. The Lite package priced at 39 yuan will increase its quota from 11,500 to 20,000 Credits, the Essential package priced at 79 yuan will increase from 25,500 to 45,000, and the Standard package priced at 139 yuan will increase from 45,000 to 80,000.The Pro package will also see a price reduction and an increase in quota, with the monthly fee dropping from 499 yuan to 312 yuan, and the quota increasing from 180,000 to 200,000 Credits. Calculating the subscription cost per Credit, the costs for all four packages have decreased by approximately 43%.The Token Plan is Alibaba Cloud's monthly subscription service for large models, which can connect to AI programming and agent tools such as Claude Code, Qwen Code, Qoder, and OpenClaw. Users can call different models using a unified Credits quota. The new quotas will gradually be made available to existing users and will supplement the current subscription cycle's quota. The price for existing Pro users will remain unchanged for the current cycle, with the new price taking effect from the next cycle.

According to Caixin, Chen Zhongyue, Chairman of China Mobile, stated on November 6 at the 2026 Mobile Network Conference that the largest incremental investment for China Mobile in 2026 will be in computing power. This year, three gigawatt-level computing parks will be newly constructed, expected to deliver 1.5 gigawatts of capacity, and next year, two more will be built, bringing the total to seven gigawatt-level data parks.Chen Zhongyue mentioned that China Mobile has established multiple ten-thousand-card intelligent computing clusters, and in the next two years, computing capacity will double continuously; by 2027, the total procurement amount is planned to be increased to over 500 billion yuan, with more than 100 billion yuan invested in computing power. In addition, China Mobile has currently set up six data centers overseas.

According to Observer Network, Zhang Qingyu, the abbot of Donglin Temple in Yilan, Taiwan, and his son Zhang Weifu, who has already become a monk, are suspected of embezzling donations. During the investigation, officials searched the temple and dug up more than ten iron boxes hidden underground in the gravel outside the meditation room, with a market value exceeding 330 million New Taiwan Dollars (approximately 7 million USD).The investigation shows that temple funds were transferred to private accounts and laundered through the purchase of virtual currencies and gold and silver. The case is still under investigation.

According to the information disclosed by the Beijing Municipal Market Supervision Administration, China National Petroleum Corporation Kunlun Manufacturing Co., Ltd. and its concerted action party Kunlun Capital plan to jointly establish a new joint venture with Yushu Technology and Beijing Panjie Intelligent Technology Co., Ltd., focusing on industrial embodied intelligent robot solution business. The simplified case of operator concentration has entered the public announcement period, which is from November 4, 2026, to November 13, 2026.According to the announced equity structure, after the transaction is completed, Kunlun Manufacturing and its concerted action parties will hold a total of 60% of the shares in the joint venture, while Yushu Technology and Panjie Intelligent will each hold 20% of the shares, with the three parties jointly controlling the joint venture. The joint venture will provide industrial embodied intelligent robot solutions for fields such as oil and gas, refining and transportation scenario inspections and emergency rescue, as well as applications in gas stations and comprehensive energy stations for charging and swapping. Previously, Kunlun Capital participated as an important investor in the strategic allocation of Yushu Technology's IPO on the Sci-Tech Innovation Board, and the two parties signed a strategic cooperation memorandum regarding the application of robots in oil and gas scenarios. The establishment of the joint venture marks the transition of cooperation from capital connection to the stage of physical operation.

According to Tencent Hunyuan news, Hunyuan Hy4 was launched on November 4th on WorkBuddy. To ensure user experience, the team has urgently expanded the Hy4 inference cluster tenfold and increased the free usage quota for users, and will continue to dynamically allocate resources.Due to the limitations of high-end computing power and peak concurrency concentration, it is still possible that quota situations may continue to occur during certain periods. It is recommended to switch to other models such as Hy3 or use them during off-peak evening hours. The current WorkBuddy free usage for Hy3 will be extended until November 15, 2026, at 23:59.

According to Bloomberg, due to ongoing labor disputes with employee unions, Micron Technology has essentially suspended its plans to build a new storage chip factory in Taoyuan, Taiwan, with a project investment budget of $3 billion to $4.5 billion, originally scheduled to start production in 2028. Sources indicate that Micron is concerned that the agreement reached with the union may be overturned, and currently only a small amount of site safety maintenance work is being retained, after which construction will be frozen.The dispute arises from employees' demands to share the profit growth brought by the AI boom. The Taoyuan union is requesting that Micron distribute 15% of its operating profits to global employees and hopes to receive a full cash bonus rather than a portion in stock. Although Micron reached an agreement with the larger Taichung union in October, some employees are dissatisfied with the terms of the agreement, and the Taoyuan union is attempting to expand its organization to push for renegotiation.The project was originally planned to produce high-bandwidth memory (HBM) and DRAM using ASML's advanced equipment. Taiwan currently contributes about 60% of Micron's DRAM output and is also an important production base for HBM, employing approximately 15,000 people. Micron responded that the company's existing operations in Taiwan are normal and will ensure business continuity for customers, but did not directly comment on the suspension of the Taoyuan project. Taiwan's economic department stated that the government will assist Micron in resolving differences with the union and promote the implementation of the investment plan.

According to the "Science and Technology Innovation Board Daily," Shanghai Bangxin Semiconductor Technology Co., Ltd. recently completed a B+ round of financing, with a total scale exceeding 600 million yuan. This round was led by Jiangxia Ke Investment Group, with follow-on investments from Bank of China Capital, Changjiang Venture Capital, and other institutions. The funds will mainly be used for the research and development of advanced process equipment, capacity construction, and the establishment of a delivery system in the Central China region.Bangxin Semiconductor was established in 2020 and is headquartered in the Shanghai Lingang New Area. It mainly provides front-end process equipment such as etching, photoresist stripping, and thin film deposition for wafer manufacturing companies. The company's chairman, Wang Zhaoxiang, holds a Ph.D. in Physical Chemistry from the University of Science and Technology of China, and the core team comes from leading domestic semiconductor equipment companies. The company has entered the supply chain of leading domestic memory chip and wafer manufacturing enterprises, with multiple equipment validated by customers and achieving mass installation, with over 100 units expected to be delivered by 2025.Jiangxia Ke Investment Group is also the project initiator for Bangxin's Wuhan project. On April 22 of this year, Bangxin's Central China production base located in the Jiangxia Intelligent Manufacturing Industrial Park in Wuhan commenced construction; on October 28, the first phase of this base officially went into production. The first phase covers an area of over 4,500 square meters and is responsible for assembly, testing, process validation, and delivery. After reaching full production capacity, it is planned to produce 100 semiconductor equipment units annually, with an annual output value of 600 million yuan. The Hubei Provincial Economic and Information Technology Department referred to this project as the first core equipment project for the front-end of the semiconductor industry chain in the Jiangxia District.