B[ZTE CTO Wang Xiyu: The new generation data center network NPO solution is providing a better solution for AI Fabric] October 17th, the 10th Future Network Development Conference was held in Nanjing, Jiangsu from October 15th to 17th. Wang Xiyu, executive vice president and chief technology officer of ZTE, pointed out in his speech that with the rapid development of large AI models and computing power clusters, profound changes have occurred in the data center domain, wide area, and air and space domain businesses. For data center domain scenarios, optical devices are gradually moving closer to electrical chips, which is a significant trend in optical interconnection. NPO takes into account the advantages of openness, cost and maintainability, and intra-node interconnection is the main scenario of NPO. Wang Xiyu said that ZTE’s new generation data center network NPO solution is providing better solutions for AI Fabric and becoming a pioneer in the development of high-density bandwidth. Facing the space and space domain scenarios, satellite laser communications are extending the network from the ground to space. In terms of bandwidth capabilities, ZTE is promoting the commercial verification of spaceborne 100G/200G products. 400G/800G core chips and optical devices are also being verified, which can meet the needs of the long-term evolution of spaceborne laser applications. In terms of product form, it supports "lasers and routing can be separated and combined" to adapt to the needs of different satellite platforms. High-value scenarios integrating space and ground are taking root. (Securities Times) B[Guangdong has registered 195 large models, ranking among the top in the country] On October 17th, the results conference of the Guangdong-Hong Kong-Macao Greater Bay Area Generative Artificial Intelligence Security Development Joint Laboratory was held in Guangzhou on October 16th. A number of results were released at the meeting. The "Guangdong Province Registered Large Model Observation Report (2026)" systematically sorts out the development status, structural characteristics, and innovation highlights of the current 195 registered large models, providing reference guidance for improving industry governance policies and optimizing the industrial development environment; the "Joint Laboratory Technology System Construction Plan (2026-2028)" proposes the accelerated evolution of generative artificial intelligence from large models to agents and large-scale applications. The new trend will focus on promoting capacity building such as security assessment, situational awareness, agent and application security assessment, trustworthy assessment, cross-border governance collaboration between Guangdong, Hong Kong and Macao, and AI security think tanks; the "APEC Artificial Intelligence Legal Policy Blue Book (2026)" conducts a comparative study on the artificial intelligence legal policies of all 21 APEC member economies, and makes suggestions for Guangdong to seize opportunities and deepen regional coordination. The meeting also introduced Guangzhou’s achievements in promoting the safe development of artificial intelligence. B[Ministry of Commerce: Overseas localized deployment of restricted artificial intelligence technologies falls within the scope of technology export management] On October 16, a spokesperson for the Ministry of Commerce responded to reporters’ questions on the revision of the “China Export Prohibited and Restricted Technology Catalog.” Question: After the formal implementation of the "Catalogue", will the localized deployment of large artificial intelligence models overseas, the provision of model calls overseas, and other forms of "going overseas" fall within the scope of technology export management?
Answer: Currently, there are various models of "going overseas" for large artificial intelligence models and application products. The key to determining whether a specific "going overseas" situation falls within the scope of technology export management is whether it involves the transfer of restricted technology from China to overseas.
The scope of artificial intelligence technologies included in the supervision this time is precise and limited. After the relevant measures are officially implemented, most artificial intelligence technologies can still be freely exported. For artificial intelligence technologies included in the restricted category, overseas localized deployment falls within the scope of technology export management; if deployed in overseas self-owned clouds and other situations where risks are relatively controllable, convenient measures such as automatic licensing may be applied. For situations where enterprises use restricted large models to provide external API calls, APP/web page interactions, SaaS applications, local end-side lightweight deployment, etc., they do not fall within the scope of large model technology export management. B[What are the main considerations for the artificial intelligence technologies to be added to China’s Catalog of Export Prohibited and Restricted Technologies? Ministry of Commerce's response] On October 16, the spokesperson of the Ministry of Commerce answered reporters' questions on the revision of the "China's Catalog of Export Prohibited and Restricted Technologies". Q: What are the main considerations for the artificial intelligence technology to be added?
Answer: Currently, global artificial intelligence technology innovation has entered an unprecedented active period, with opportunities and challenges coexisting. This time, it is planned to add 23 key technologies related to artificial intelligence large models, agents, computing power clusters, and information processing to the "Catalogue" for the following main considerations:
The first is to ensure that artificial intelligence technology is safe and controllable. Various endogenous and derived risks caused by artificial intelligence have attracted great attention from countries around the world. The artificial intelligence-driven autonomous malicious code generation and mutation technologies planned to be listed this time can be used to attack sensitive systems such as national critical information infrastructure, national defense industry, and core government affairs, or to bypass the national security defense system. If obtained by non-state actors or malicious entities, it may cause harm to national security and the common security of mankind. The Chinese government implements necessary management of this type of technology in order to establish a solid bottom line for safety, prevent abuse and abuse, ensure that artificial intelligence is always under human control, and promote international governance of artificial intelligence.
The second is to encourage open source, cooperation and sharing. The Chinese government is committed to making artificial intelligence an important source of power for promoting common prosperity and maintaining common security. In order to support the construction of an artificial intelligence open source innovation ecosystem, automatic licensing and other convenient measures will be applied to technology exports in situations such as open source artificial intelligence technology, Chinese enterprises building self-operated computing centers overseas, going overseas to carry out chip tape-out manufacturing, using overseas resources to carry out joint research and development, and participating in the formulation of international standards, basically realizing "immediate export"; related technologies that have entered the public domain through open source, publishing academic papers, etc., are not planned to be included in the scope of export management, creating a good environment for international exchanges and cooperation in artificial intelligence technology.
It should be particularly pointed out that China advocates engaging in dialogue and cooperation on artificial intelligence with other countries on the basis of mutual respect, equality and mutual benefit to jointly deal with the risks of proliferation and loss of control of artificial intelligence technology. China supports countries in the Global South to strengthen artificial intelligence capacity building, bridge the digital intelligence gap, and promote sustainable development. More convenience and support will be provided for the technology exports required for international cooperation in capacity building, technology sharing and rule building among members of the World Artificial Intelligence Cooperation Organization. A[The Ministry of Commerce and the Ministry of Science and Technology plan to revise the "China's Catalog of Prohibited and Restricted Export Technologies" and add some artificial intelligence, biomedicine, and photovoltaic technologies] October 16th, in accordance with the "Foreign Trade Law of the People's Republic of China" and the "People's Republic of China Technology Import and Export Administration Regulations", the Ministry of Commerce and the Ministry of Science and Technology plan to revise the "China's Export Prohibited and Restricted Technologies Catalog" to add some artificial intelligence, biomedicine, and photovoltaic technologies. Upon approval, it is now open to the public for solicitation of opinions, and pre-export registration management of related technologies will be implemented simultaneously.
This public solicitation of opinions involves 40 technologies in three fields: artificial intelligence, biomedicine, and photovoltaics. The field of artificial intelligence includes 23 technologies related to large models, agents, computing power clusters, and information processing; technologies that have entered the public domain through open source, published academic papers, etc. are not included in the scope of management. The field of biomedicine includes five technologies related to cell and gene therapy, small nucleic acid drugs, and pathogenic microorganisms; for external authorization models that do not involve ownership transfer, convenient measures such as automatic licensing are applicable. The photovoltaic field includes 12 technologies related to polysilicon manufacturing, silicon wafer manufacturing, and battery manufacturing; the scope of technical management also includes key and core equipment carrying related technologies. B[Geely Holding Group and Google reach global strategic cooperation] On October 16th, Geely Holding Group announced today that it has reached a global strategic cooperation with Google. The two parties will jointly build a digital cockpit ecosystem for eligible brand models of Geely Holding in overseas markets covered by Google services. The first model equipped with related services is planned to be launched in the second half of 2027. The specific implementation progress will depend on product research and development, regulatory compliance and market preparation. According to the cooperation agreement, overseas models included in the cooperation scope will be equipped with officially certified Google Automotive Services, covering Google AI Assistant Gemini, Google Maps, Google Car App Store, etc. The entire system can provide multi-modal intelligent voice large models, global intelligent navigation, massive in-vehicle applications, smooth cross-device interconnection and other functions, comprehensively improving user travel experience while ensuring driving safety. A[Overnight global news you need to know on Friday: The three major U.S. stock indexes collectively closed higher, and the storage sector opened lower and moved higher; Meta released the open-weighted model Muse Spark Open; Israeli officials said the United States and Israel are negotiating on a plan to attack Iran]
1. Fed Hammaker said that successive supply shocks may trigger inflationary thinking. If public inflation expectations deteriorate, the Fed may need to take more radical actions to deal with it.
2. The U.S. PPI increased by 6.3% year-on-year in September, estimated at 5.3%, and the previous value of 5.4%. The U.S. PPI increased by 1.3% month-on-month in September, which was expected to be 0.6%. In September, PPI rose at the fastest rate in more than four years, and the impact of rising energy costs was further transmitted to the economy.
3. Freddie Mac said in a statement Thursday that the average interest rate on 30-year fixed-rate mortgages remained at 7.4%. The rate is hovering at its highest level since November 2023.
4. Data from the Investment Company Institute (ICI) show that the asset size of U.S. money market funds dropped to $7.92 trillion.
5. The U.S. Central Command stated that Iran’s Islamic Revolutionary Guard Corps’ statement that it controls the Strait of Hormuz is untrue. The United States and its regional partners still control the relevant waters and commercial ships continue to pass through.
6. A spokesman for the multinational coalition led by Saudi Arabia said at a press conference that Yemen’s Houthi armed forces have killed 17 people and injured 333 people in attacks on King Khalid International Airport in Riyadh since October.
7. Israeli officials said that the United States and Israel are consulting on a plan to attack Iran.
8. When communicating with people from the country’s business community, Russian President Vladimir Putin stated that Russia will respond to attacks launched by Ukraine against Russian oil refineries and other logistics and energy facilities.
9. India has set the windfall profit tax on gasoline exports at 2.5 rupees per liter and diesel export windfall tax at 8.5 rupees per liter, effective from October 16.
10. MSCI implemented a freeze on the Türkiye index; MSCI initiated consultations on Indonesia’s proposal to reclassify from an emerging market to an independent market status.
11. The Chicago Board Options Exchange (Cboe) announced that its Cboe Options Exchange (C1) will add morning and after-closing trading sessions for designated stock and ETF options starting next Monday. Options on popular companies such as Alibaba, Nvidia, and Apple are covered by the announcement.
12. Meta released the open weight model Muse Spark Open and cooperated with Apple to promote this model to run locally on Mac computers.
13. Google Quantum Artificial Intelligence released a major breakthrough in quantum computing, and the Willow chip project broke through key resource bottlenecks.
14. Some investors attending Anthropic’s investor day event on Wednesday discussed a valuation of about $1.5 trillion, people familiar with the matter reported. Some investors were disappointed by slower quarter-on-quarter growth in the latest quarter.
15. UniCredit Bank of Italy has officially received approval from the European Central Bank to complete the acquisition of control of Commerzbank.
16. The three major U.S. stock indexes collectively closed higher. The Dow rose 1.08%, the Nasdaq rose 0.08%, and the S&P 500 rose 0.33%. The Philadelphia Semiconductor Index once fell by more than 4% and finally closed down 0.88%, marking the seventh consecutive day of decline. The Storage Concept Index opened lower and closed higher.
17. COMEX gold futures closed up 2.06% at US$4,192.5 per ounce; COMEX silver futures rose by 3.09% at US$57.605 per ounce.
18. The settlement price of WTI crude oil futures was US$97.97/barrel, an increase of US$2.88, or 3.03%. Brent crude oil futures settled at $105.92 per barrel, down $0.14, or 0.13%. A[Selected evening news on October 15th]
1. In response to the recent significant increase in the interest in long-term government bond yield trading, some securities firms and banks have received reminders from regulatory authorities, requiring relevant institutions to strengthen bond investment risk management.
2. TSMC’s net profit in the third quarter was NT$763.06 billion, a year-on-year increase of 68.7%; it confirmed that capital expenditures in 2026 are expected to be US$60 billion to US$64 billion.
3. After the United States released CPI data that exceeded expectations, the probability of the Federal Reserve raising interest rates in October has increased. Senior forecaster: No change expected in October.
4. Cook said that Apple Smart and related Alibaba Qianwen large models have indeed been approved, and a test version will be released in China at the end of October, including real-time translation, writing tools, photo cleaning tools, etc.
5. Company news: ① Guangxun Technology: Net profit in the first three quarters is expected to increase by 65%-82% year-on-year. Demand for datacom optical modules is growing rapidly. ②Muxi Shares: Net profit in the first three quarters is expected to be 587 million yuan-717 million yuan, turning losses into profits year-on-year. ③ Haiguang Information: Net profit in the first three quarters is expected to increase by 38%-52% year-on-year. Domestic demand for high-end chips continues to rise. ④ Sugon: Net profit in the first three quarters increased by 78.48% year-on-year. ⑤ Baiwei Storage: The controlling shareholder proposed to repurchase 200 million to 250 million yuan of A shares to cancel and reduce registered capital. ⑥Tianfu Communications: The controlling shareholder proposed to repurchase A shares for 100 million to 150 million yuan. ⑦Shanghai Electric Co., Ltd.: The controlling shareholder proposed a cash dividend of no less than 2.2 billion yuan in 2026. ⑧Xinyisheng: The controlling shareholder proposed to buy back 800 million to 1 billion A shares. ⑨ Longsys: Net profit in the first three quarters is expected to increase by 1865%-1991% year-on-year. A[Overview of U.S. stock market pre-market news: Cook said Apple Smart plans to release a test version in China at the end of October; Terafab may usher in its first EUV lithography machine in the middle of next year; U.S. debt "risk-off trade" is back] On October 15th, the financial news in the U.S. stock market that investors need to focus on is as follows:
1. The three major U.S. stock index futures rose or fell mixedly. Dow Jones futures rose 0.35%, S&P 500 futures fell 0.31%, and Nasdaq 100 futures fell 1.25%.
2. International oil prices have been mixed. WTI crude oil futures prices rose 0.33% to US$95.400/barrel; Brent crude oil futures prices fell 1.18% to US$104.804/barrel.
3. International gold and silver spot prices rose collectively. Spot gold prices rose 1.20% to US$4,154.39 per ounce; spot silver prices rose 1.94% to US$56.70 per ounce.
4. Most of the three major European stock indexes rose. Britain's FTSE 100 index rose 0.77%, France's CAC40 index rose 0.27%, and Germany's DAX30 index fell 0.39%.
5. During a visit to Shanghai, Cook, executive chairman of Apple’s board of directors, said that Apple’s smart phone and related Alibaba Qianwen large model have indeed been approved and will release a test version later in October, but do not include Siri AI.
6. Musk’s chip project Terafab may usher in its first ASML EUV lithography equipment in the middle of next year. Terafab's initial chips are expected to still use traditional chip equipment to match Intel's 14A process.
7. TSMC stated that capital expenditures in 2026 are expected to be US$60 billion to US$64 billion; the CPU demand for AI agents is growing, far exceeding the existing supply capacity; it is discussing with Musk whether it can utilize TeraFab's idle production capacity.
8. Concerns about the credit risk of AI cloud service provider CoreWeave have further intensified, with its five-year credit default swap (CDS) spread exceeding 1,000 basis points, reflecting market concerns about its debt repayment and refinancing capabilities.
9. Rocket Lab once again postponed the first flight plan of its new high-thrust rocket Neutron, delaying its first launch to 2027. Rocket Lab shares fell nearly 12% before the market opened.
10. Goldman Sachs expects Google’s capital expenditures next year to be close to US$350 billion, maintaining a “buy” rating on Google and a target price of US$435.
11. The decline in U.S. stocks combined with the attraction of yields has led to the resurgence of the "safe-haven trade" in U.S. bonds. U.S. bond prices have continued their recent gains, driving yields across all maturities lower. The 10-year U.S. Treasury yield fell 10 basis points to 5.08% during the day. A[Hong Kong’s Hang Seng Technology Index closed down 2.72%, with the optical communications and semiconductor sectors leading the decline] On October 15th, Hong Kong’s Hang Seng Technology Index closed down 1.03%, and the Hang Seng Technology Index fell 2.72%. Optical communications and semiconductor sectors were among the top decliners. YOFC Optical Fiber and Cable fell by more than 13%, Tianshu Smart Core fell by more than 13%, Biren Technology fell by more than 11%, Montage Technology fell by more than 11%, Haiguangxin fell by more than 8%, and Cambridge Technology It fell 8%, Huahong Grace fell nearly 8%, Zhongji InnoLight fell more than 7%, and SMIC fell nearly 4%; large model stocks fell, Zhipu fell more than 10%, MINIMAX fell more than 12%; Lenovo Group fell more than 14%. B[China Securities Association: Over 70% of securities firms’ research departments apply AI Accelerate intelligence in the entire investment research process] On October 14th, the China Securities Association issued the "Statistical Report on Business Operations of Securities Research Reports Released by Securities Companies in 2025" to securities companies. The report shows that in 2025, more than 70% of the research departments of securities companies have used AI to empower business, and the application scenarios are divided into basic transaction assistance and in-depth investment. There are two levels of research empowerment: the former uses AI to complete basic work such as information collection, manuscript proofreading, format checking, meeting minutes transcription, text polishing, etc.; the latter integrates AI into research method innovation, topic in-depth analysis, compliance intelligent management and control, etc. through localized deployment of large models and self-developed intelligent investment research systems. During the same period, research and innovation were mainly promoted along three paths: building a digital operation management and control system and relying on regional resources and advantageous tracks to create a unique research layout; using AI tools and new valuation methods to expand research on Hong Kong stocks and overseas markets; and promoting the extension of research business from traditional seller-side warehousing services to government projects, industry consulting and other think tank functions. (Reporter Lin Jian) B[Xingyun Technology: Signed 16.878 billion yuan computing power lease contract as of October 9] On October 13, Xingyun Technology (300209.SZ) released an investor relations activity record statement. As of October 9, the company had signed all computing power contracts with its five core customers, all adopting a heavy-asset model of self-purchasing GPUs, building clusters, and collecting fixed rents. The total value of the five five-year orders is 16.878 billion yuan, and the total average annual rent is approximately 3.376 billion yuan. Among them, the V customer (listed company of a central enterprise) has a contract amount of 6.523 billion yuan, with a term of 3+2 years, and an average annual rent of about 1.305 billion yuan; a VC customer contract amount of 5.508 billion yuan, with a term of 5 years, and an average annual rent of about 11. 0.2 billion yuan; the contract amount for VB customers (large model manufacturers) is 3.053 billion yuan, with a term of 5 years, and the average annual rent is about 611 million yuan; the contract amount for VD customers is 922 million yuan, and the contract amount for VE customers is 872 million yuan. In the third quarter, leading customers such as V customers, VB customers, and VC customers negotiated to increase the rental price for signed orders. B[Liaoning: The computing power voucher policy is officially implemented] October 13th, the "Liaoning Finance" WeChat public account announced on October 13 that the Liaoning Provincial Department of Finance and the Liaoning Provincial Data and Government Services Bureau jointly issued the "Liaoning Province Computing Power Voucher Policy Implementation Rules". Relying on the provincial digital economy special funds, the implementation of the computing power voucher subsidy policy was officially launched to inject financial momentum into the development of Liaoning's artificial intelligence industry. According to reports, computing power coupons are a digital policy tool arranged by provincial finance to support computing power demanders such as provincial enterprises, medical institutions, universities, and scientific research institutions to purchase compliant intelligent computing power resources and carry out applications such as large model training inference, data annotation, and data analysis. The policy is clear, and a subsidy of up to 30% will be provided based on the actual amount of the computing power contract. The annual subsidy limit for the same unit is 2 million yuan. Existing computing power-related subsidies in cities and counties can be stacked according to regulations, and the cumulative subsidy ratio does not exceed 30%. The annual computing power procurement cost of the applicant must reach 250,000 yuan or more. The computing power supplier must list an intelligent computing power scale of no less than 50PFlops and complete the provincial computing power platform registration. B[Shanghai launches an action to accelerate the development of a new generation of intelligent manufacturing and implements four major projects and 19 key tasks] "Shanghai Science and Technology Innovation Board Daily" reported on the 12th that at the opening ceremony of the 26th Industry Expo, the "Shanghai Action to Accelerate the Development of a New Generation of Intelligent Manufacturing" was officially launched. Zhang Ying, deputy secretary-general of the Shanghai Municipal Government, launched the action. Shanghai will implement four major projects and carry out 19 key tasks to promote the deep integration of artificial intelligence and manufacturing and accelerate the construction of a new generation of intelligent manufacturing systems.
The first is to implement a new generation of intelligent manufacturing supply leading project. Benchmark the international cutting-edge level, focus on upgrading the entire chain of technology, equipment and services, and strengthen the supply of new generation intelligent manufacturing.
The second is to implement the “AI + Manufacturing” foundation-building innovation project. Seize the strategic opportunity of the deep integration of artificial intelligence and manufacturing, and accelerate the construction of a new generation of intelligent manufacturing system that is data-driven, model-supported, scenario-driven, safe and controllable.
The third is to implement the smart factory gradient cultivation project. Using smart factory construction as a carrier, we will promote the implementation of the new generation of smart manufacturing in all aspects of R&D and design, production operations, operations management, product services, and supply chain management.
The fourth is to implement a new generation of intelligent manufacturing ecological construction project. Focusing on key elements such as platforms, pilot tests, clusters, standards, and talents, we will build a development ecosystem that is supportive, collaborative, efficient, open and innovative.
The action is clear. By 2028, we will achieve full coverage of smart factories in key manufacturing enterprises in the city, promote the application of artificial intelligence in smart factories, cultivate 500 advanced smart factories, exceed 2,000 application scenarios of artificial intelligence in the manufacturing industry, develop 10 advanced and applicable vertical large-scale models, launch 300 high-level intelligent agents, and build new infrastructure that meets the needs of the new generation of smart manufacturing.
At the same time, Shanghai will promote the density of industrial robots to reach 600 units per 10,000 people, promote the introduction of 8,000 humanoid robots into factories, promote the scale of the new intelligent manufacturing equipment industry empowered by artificial intelligence to exceed 200 billion yuan, and the scale of the intelligent manufacturing system integration industry to reach 100 billion yuan. (Kechuangban Daily reporter Huang Xinyi) B[Huang Kunming: I hope Tencent will unswervingly make long-term investment in the field of artificial intelligence and deeply participate in the construction of artificial intelligence infrastructure in Guangdong] On October 8, Huang Kunming, secretary of the Guangdong Provincial Party Committee, went to Shenzhen on October 8 to conduct in-depth research on port hubs and platform companies. At Tencent's headquarters, Huang Kunming walked into the exhibition hall to observe on-site core product application demonstrations, focusing on Tencent's R&D innovation and industrial layout progress in the field of artificial intelligence, and listened to the company's introduction to digital technology innovation and empowered development in multiple fields in recent years.
When discussing and communicating with business leaders and young scientists, Huang Kunming affirmed Tencent's insistence on independent innovation to promote the steady development of corporate operations. He pointed out that the current development of artificial intelligence is in the ascendant. Guangdong has clearly regarded artificial intelligence as a key development area in the "15th Five-Year Plan" and even longer. He hopes that Tencent will firmly seize the new opportunities in the new era. We will unswervingly make long-term investment in the field of artificial intelligence, give full play to the advantages of resources, technology, talents and all kinds of convenient conditions, deeply participate in the construction of artificial intelligence infrastructure in Guangdong, continue to increase the layout of computing power in Guangdong, focus on strengthening general and vertical large-scale models and strengthen application promotion, and help Guangdong accelerate the intelligent development of the entire industry chain. At the same time, we will make good use of our own technology research and development, platform channels, traffic support, skills training and other resources to strengthen the innovative production and product transformation of digital and intelligent content, and promote Lingnan culture to "come alive" and "go global";
Participate more deeply in the "Hundreds and Thousands Project" to help eastern Guangdong, western Guangdong and northern Guangdong expand product sales, build Jianqiang central towns, promote the upgrading of rural cultural tourism, and achieve new and greater development in empowering the construction of counties, towns and villages in Guangdong. Relevant provincial departments and Shenzhen City must accurately respond to the innovation and development demands of enterprises, provide detailed and complete full-cycle service guarantees, and strongly support enterprises to deepen their main business and strive for innovation. (Southern+) A[Hong Kong’s Hang Seng Technology Index closed down 2.89%, a new low since September 2024] On October 8, Hong Kong’s Hang Seng Technology Index closed down 1.43%; the Hang Seng Technology Index fell 2.89%, a new low since September 26, 2024. The "two heroes" of Hong Kong's large models led the decline, with MINIMAX-W falling by more than 13% and Zhipu falling by more than 7%. Semiconductor stocks fell collectively. Biren Technology fell by more than 11%, Huahong Grace fell by more than 9%, GigaDevice and Longsys fell by more than 7%, SMIC and Montage Technology fell by more than 6%, and Shanghai Fudan fell by more than 5%. Optical communications and PCB concept stocks generally fell. Haiguangxin fell by more than 13%, Guanghe Technology fell by more than 8%, YOFC Optical Fiber and Cable, Kingboard Laminated Board fell by more than 6%, and Shenghong Technology fell by 5%. B[Brokerage firms collectively settle into third-party AI platforms The battle for space in the Agent era has begun] October 6th, from accessing DeepSeek, to launching Skills, to recently intensively settling into third-party AI platforms, the securities industry is embracing the external AI ecosystem faster than most people expected. According to incomplete statistics from reporters, more than 10 brokerages have currently connected to third-party AI platforms, covering Kimi, WorkBuddy, Qianwen, Huoshan Engine, etc. What’s interesting is that many large brokerages do not “choose one of the two”, but access multiple platforms at the same time. "Different platforms have their own capabilities and focus, and we will choose the best according to the scenario." said a person related to CITIC Securities Information Technology. A year ago, they were still competing for self-developed large models. Why are they now "moving" their own AI capabilities into third-party platforms? According to industry insiders, expanding new user touch points is the primary consideration - through the ability of Skills or agents to output investment research, market information, etc., brokerages can reach more potential customers. For financial institutions, traffic competition has become an unavoidable battlefield, and accessing the mature ecosystem of leading platforms is one of the simplest and most direct paths. (China Fund News)
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