B[The 15th China Intellectual Property Annual Conference will set multiple topics around artificial intelligence and intellectual property] On September 2, it was learned from the media briefing of the 15th China Intellectual Property Annual Conference that the annual conference will set up multiple topics around artificial intelligence and intellectual property. Focusing on the legal dimension of AI intellectual property governance, we conducted discussions on cutting-edge topics such as the copyright legality of large model training data, the copyrightability of AIGC products, the sharing of infringement liability in human-machine co-creation scenarios, and the practical application of AI tools in patent retrieval and trademark monitoring. We discussed the evolution direction of intellectual property rules in the AI era from the three dimensions of justice, administration, and industry. Focusing on the technical dimension of the development of the artificial intelligence industry, and focusing on topics such as AI native technology and next-generation innovation paradigms, embodied intelligence and future industrial transformation, and AI restructuring of enterprise organizations and production methods, representatives from the Intellectual Property Center of the Artificial Intelligence Industry Working Committee, the Electronic Intellectual Property Center of the Ministry of Industry and Information Technology, and embodied intelligence enterprise representatives were invited to discuss how AI can move from the digital world to the physical world, and from technological breakthroughs to industrial transformation. (CCTV News) B[The stock price of Sino-British Technology fell sharply. The company responded: The downstream demand for copper clad laminates is generally normal, and no price increase notice has been received so far.] On September 1, the stock price of Sino-British Technology fell sharply. As of the close of the day, the stock price of Sino-British Technology was reported at 80 yuan per share, a closing decrease of 6.86%. According to the news, leading companies in electronic cloth continued to increase product prices in September, and electronic cloth is one of the main raw materials of Sino-British Technology. However, the company officials did not adjust the prices of copper-clad laminate-related products. Regarding the sharp drop in stock prices, Sino-British Technology responded to reporters that the stock price is affected by multiple factors. The company is mainly involved in the field of high-frequency copper-clad laminates, and high-speed copper-clad laminates are still under research and development. The downstream PCB industry's overall demand for copper-clad laminates is relatively normal. Electronic cloth and copper foil are the company's raw materials, and the overall procurement cost is controllable. The company's copper-clad laminate prices will be adjusted according to market conditions. Currently, the company has no information on product price changes in September that can be disclosed to the outside world, and there is uncertainty in future prices. The specific situation is subject to actual sales and announcement content. (CSI Taurus) B[Apple’s stock price soared 2,275% during the Cook era, and Turners’ succession faced a high standard test] September 1st, Apple CEO Cook handed the reins to John Turners on Tuesday, bringing an end to his tenure. During his tenure at Apple, Cook not only consolidated the company's status as a global iconic brand, but also made Apple stock one of the most reliable investment targets in the market. Since Cook took over from legendary founder Steve Jobs on August 24, 2011, Apple's stock price has risen by 2,275%. At the time, he took over a company with a market value of less than $350 billion. Today, the company that produces iPhones and Mac computers has grown into a diversified technology giant with a market value of $4.6 trillion, and its business also covers areas such as Apple Watch, AirPods, and financial services. Turners will soon face his first big test. He is expected to launch a folding screen version of the iPhone, as well as other product updates, at a key conference next week. B[Bank of America: The S&P 500 Index will bring an annualized loss of 3% in the next ten years] On September 1, ET, Bank of America informed clients in its latest report on Monday, Eastern Time, that its market alert signal has turned from red to yellow, meaning that U.S. stocks have withdrawn from the so-called "bear market warning area," although the bank still reminds U.S. stocks that there are ongoing risks in valuation and credit. At the end of May this year, 70% of Bank of America's bear market signal indicators had been triggered. According to historical standards, this means that U.S. stocks have entered the red alert zone.
Savita Subramanian, a strategist at Bank of America, said in a report that the forward price-to-earnings ratio of the S&P 500 Index has compressed from 22 times at the beginning of the year to 20 times, and "for good reason" - because the profit growth rate of U.S. stock companies outperformed their stock prices. But even this is not enough to support the long-term bullish outlook for U.S. stocks; the bank's model shows that the S&P 500 Index will bring an annualized loss of 3% over the next ten years.
In terms of position allocation, the bank favors large-cap value stocks as ballast, focusing on the oil and gas, metals and mining, banking and insurance sectors. It also warned investors to avoid value traps such as media and IT services, whose stock prices have fallen faster than earnings forecasts have been revised downwards. B[China's software business revenue increased by 9.2% year-on-year from January to July] On September 1, we learned from the Ministry of Industry and Information Technology that in the first seven months of 2026, China's software and information technology service industry was operating well, with steady growth in software business revenue, steady growth in total profits, and positive growth in software business exports. In the first seven months of this year, China's software business revenue was 8,978.5 billion yuan, a year-on-year increase of 9.2%; the total software industry profit exceeded one trillion yuan, a year-on-year increase of 1.3%. Software business exports amounted to US$40.61 billion, a year-on-year increase of 12.2%. The operation performance by field shows that the revenue of software products has grown steadily. In the first seven months, software product revenue accounted for 21.6% of the total industry revenue. Information technology services revenue continued to maintain double-digit growth. From January to July this year, information technology service revenue increased by 10% year-on-year, accounting for 68.7% of the industry's revenue. B[The scale of mid-term dividends for A-share companies exceeds 700 billion yuan] On September 1, Wind data showed that as of August 31, a total of 867 companies in the A-share market had launched 2026 mid-term cash dividend plans, with the total amount of cash planned to be distributed reaching 716.751 billion yuan (including those that have been implemented), continuing the high operating trend. From the perspective of industry distribution, finance, energy, technology, medicine and other industries are the main contributors to medium-term dividends. Among them, traditional blue-chip companies continue to lead the way, a number of growth-oriented companies have significantly increased their willingness to pay dividends, and the overall dividend ecosystem of A-shares continues to optimize. A[The State-owned Assets Supervision and Administration Commission of the State Council held a special "AI for Science" talent training class for central enterprises] On August 31, a special "AI for Science" talent training class for central enterprises sponsored by the State-owned Assets Supervision and Administration Commission of the State Council opened on August 26. Tan Zuojun, member of the Party Committee and Deputy Director of the State-owned Assets Supervision and Administration Commission of the State Council, attended the opening ceremony and delivered a speech. Tan Zuojun emphasized the need to focus on AI-enabled technological innovation, accelerate organizational progress that adapts to AI, and cultivate a group of high-level leading talents who are familiar with scientific research management in the industry and understand AI technology. It is necessary to thoroughly implement the "AI+" special action of central enterprises, study and grasp the development rules of "AI for Science", re-evaluate the logic of competition, deepen the understanding of AI's reshaping of scientific research paradigms, improve the underlying architectural capabilities of AI-enabled scientific research systems, and promote the implementation of "AI for Science". A[The Cyberspace Administration of China and the Ministry of Agriculture and Rural Affairs released the "China Digital Rural Development Report (2019-2025)"] On August 31, the Cyberspace Administration of China and the Ministry of Agriculture and Rural Affairs released the "China Digital Rural Development Report (2019-2025)". The "Report" points out that 2025 is the final year of the "14th Five-Year Plan" and the year when the second phase goals proposed in the "Digital Rural Development Strategy Outline" are achieved. Over the past seven years, digital rural policy mechanisms have been continuously improved, the foundation for digital rural development has become more solid, important progress has been made in smart agriculture construction, new rural digital economy has accelerated development, rural digital culture has continued to prosper and develop, rural digital governance levels have continued to improve, rural information services have become more convenient and efficient, smart and beautiful villages have become more livable and suitable for work, and important progress has been made in promoting the construction of digital rural areas. A[Ministry of Industry and Information Technology: Organize service providers to take the lead in forming "artificial intelligence application service groups" such as digital resonance, computing and computer collaboration] On August 31, the General Office of the Ministry of Industry and Information Technology issued a notice on launching a special action to cultivate artificial intelligence application service providers. It pointed out that the level of service supply should be improved. Organize service providers to take the lead in forming "artificial intelligence application service groups" such as modeling and mathematical resonance, computing and computer collaboration, and work with upstream and downstream units to create integrated solutions. Coordinate and make good use of innovation carriers such as national artificial intelligence application pilot bases and technology business incubators in the region to provide service providers with basic conditions such as technology research and development, testing and verification, and pilot maturity, accelerate solution innovation, and support the development and growth of service providers who are "specialized, specialized, and innovative." Support service providers to carry out targeted research on key technical problems such as software and hardware adaptation and multi-model collaboration. Service providers are encouraged to improve their integrated application capabilities for basic software and hardware products such as safe and reliable operating systems, databases, and artificial intelligence training and reasoning chips. Promptly push various artificial intelligence software and hardware product security risk information and risk events to service providers. Guide service providers to embed network security, data security, ethical governance, business compliance and other management requirements into the entire process of research and development, deployment, and application, changing passive responses to proactive prevention and control. A[Some high-end computing power companies’ orders are scheduled to be three years later] August 31st, in August, the semi-annual report of the leading domestic AI chip was released intensively. Last Friday, Biren Technology released its financial report, with revenue increasing nearly 20 times. In addition, leading companies such as Cambrian and Moore Threads have achieved substantial revenue growth. Behind the surge in performance is the shortage of high-end computing power. Currently, the high-end computing power supply side is experiencing a shortage across the entire chain, with orders from some companies already scheduled for three years. This is a microcosm of the current hot high-end computing power market. Not only are downstream intelligent computing center resources in short supply, but orders for midstream system integration are also being released intensively. Several computing power service providers said that the company's orders have maintained rapid growth for two consecutive years. Some companies said that in the past year or so, their customers have increased by about 10 times. In the upstream chip sector, the surge in demand has also driven up both volume and price. According to industry research data, the demand for domestic AI chips in 2026 will be about 4 million units, with actual delivery of about 3 million units, leaving a million-level production capacity gap. The industry generally believes that domestic chips are in a strong upward cycle in high-end AI chips. Recently, many domestic chip companies have disclosed financial reports, and the data shows the characteristics of a collective explosion. (CCTV Finance)
— All loaded —
