#Industry

Qualcomm CEO Monty Ahuja: 6G is designed with AI native capabilities, aiming for commercialization in 2029

Qualcomm CEO Monty Ahuja stated at the 2026 Mobile Network Conference that 6G is designed with AI native capabilities from the beginning, integrating AI into the network itself, aiming for commercialization in 2029. AI will be directly integrated into wireless communication systems, predicting channel changes, and computing will be distributed throughout the network. Qualcomm and China Mobile have globally completed the first interoperability test between U6G band base stations and 6G terminal prototypes.

The Cyberspace Administration of China has deployed a special action to rectify health popular science rumors generated by AI.

The Hang Seng Index closed down 1.27%, the Hang Seng Technology Index fell 1.83%.

Cambridge Technology fell more than 12%, Dayu Zhixin fell more than 11%, Zhipu fell more than 10%, MINIMAX fell more than 8%; Large models, semiconductors, hardware equipment declined, home appliances, coal strengthened; Southbound funds net bought HKD 2.415 billion.

Microsoft responds that Win11 security has not worsened, it's just that AI has found more vulnerabilities

Siemens Healthineers signs agreement with Alibaba DAMO Academy to accelerate the popularization of AI 'one-scan multi-screen' technology

Siemens Healthineers signs an agreement with Alibaba DAMO Academy, planning to combine DAMO Academy's newly developed 'One-Scan Multi-Screen' AI technology with Siemens Healthineers' imaging equipment and clinical applications to assist in the early detection of major diseases such as cancer and cardiovascular diseases. DAMO Academy's self-developed 'One-Scan Multi-Screen' technology based on plain scan CT + AI has successively broken through major international medical challenges such as digestive tumor imaging screening and aortic dissection warning, and has been recognized by the U.S. FDA as a 'Breakthrough Medical Device'. The two parties plan to promote the use of a single CT scan to detect multiple high-lethality cancers and cardiovascular critical emergencies with the help of Siemens Healthineers' resources.

Nasdaq falls 5%: Investors pull out of AI trades after the election

The Nasdaq index fell by 5% after the election, with investors pulling out of related trades due to concerns about the future prospects of the AI industry. The market shows pessimism towards the recent performance and future growth potential in the AI field.

Facebook uses AI to run deepfake fraud advertisements; internal documents show fraudulent revenue reaching 16 billion dollars

Mark Cuban reveals deepfake fraud ads on Facebook that use AI faces and voices, despite the ads containing disclaimers, Meta still allows these ads to pass. Internal documents show that Meta expects to generate about $16 billion in revenue from such ads in 2024, accounting for 10% of that year's revenue.

India plans to complete its self-developed GPU within two years, promoting the commercialization of SHAKTI and VEGA processors

India plans to develop its own GPU chip within about 24 months, while promoting the commercialization of RISC-V architecture-based SHAKTI and VEGA processors. Both SHAKTI and VEGA processors use the open RISC-V instruction set architecture, where the VEGA ET301 is a 32-bit chip with a maximum operating frequency of 100MHz, primarily targeting simple applications such as sensors, wearable devices, and the Internet of Things

HSI pauses trading midday, down 1.06%, HSI Technology Index down 1.75%

The Hang Seng Index fell 1.06% during the midday break, and the Hang Seng Tech Index fell 1.75%; semiconductor, GEO, and CPO concept stocks led the decline, with Cambridge Technology falling more than 10%, Changfei Optical Fiber and Cable and Longxi Technology falling more than 9%, Zhipu, MINIMAX-W, and GigaDevice falling more than 8%, and InnoLight falling more than 7%; the coal and petrochemical sectors led the rise, with Shandong Mulong rising more than 2% and China Shenhua rising more than 1%; Southbound funds net bought HK$2.17 billion.

Moor Insights & Strategy Report: Chinese models lead U.S. companies' open-source model spending, Kimi accounts for 61%

89% of U.S. corporate open-source model spending is on Chinese models, Kimi accounts for 61%. Monero Venture Capital surveyed nearly 400 AI leaders in U.S. companies, their AI spending totals over $4 billion.

Apple's Mac sales in fiscal year 2026 hit a new high

Apple's Mac sales in the 2026 fiscal year exceeded any previous fiscal year, setting a historical record. CEO Tuen Chu stated that its excellent quality has been recognized by the market, and the sales growth is mainly due to the recent popularity of MacBook Neo and MacBook Pro.

Yibotu completes nearly 400 million financing, operating hundreds of heavy trucks to verify physical AI technology

US stocks experienced a roller-coaster plunge, chip stocks were washed out, the Nasdaq erased the mid-term election gains in 6 minutes

US stocks maintained a rise for only one day after the midterm elections in 2026, plunging sharply on November 6. The Nasdaq index dropped by 5.5% to its largest single-day decline since April 2025, wiping out all post-election gains within 6 minutes. Chip and AI industry stocks were sold off, with the Philadelphia Semiconductor Index falling by more than 12%. Nvidia's market value evaporated by nearly 450 billion US dollars, as the market worries about the return on investment in AI infrastructure and the slowdown in data center construction.

Franklin Templeton uses OpenAI to support investment research

Franklin Templeton is developing an AI workflow to help portfolio managers compare research views and check investment risks.

Youke De: The AI industry chain has entered the era of profit realization

Wang Xinyu, Board Secretary of Youke De, said that the company's intelligent computing center has seen continuous growth in orders, facing delivery pressure. Order visibility has become an important indicator for judging the prosperity of the AI industry chain. In the first three quarters of 2026, AI industry chain companies among A-share listed companies delivered high growth performance. The investment logic of AI has shifted from concept-driven to performance verification, and the realization of profits is gradually becoming apparent.

South Korean Finance Minister Lee Hoi-kang pledged to take measures to ease stock market volatility

South Korean Finance Minister Lee Hoi-kang said he will formulate measures to ease stock market volatility due to the ongoing sell-off in tech stocks. He said the US midterm elections are an economic turning point, and stricter AI regulation will lead to a decline in US stocks overnight, impacting the global market.

AI regulatory concerns impact credit markets, SpaceX default insurance costs set record

After the Democratic Party swept Congress, markets worried about stricter AI regulation, impacting the credit markets of SpaceX and CoreWeave. SpaceX's bond yields surged to a record high of over 17%, and the cost of SpaceX debt default insurance rose to an all-time high. The stocks of both companies fell significantly.

South Korea is wary of AI regulation tightening after the US midterm elections leading to risks spilling over to the stock market.

South Korean Finance Minister Lee Hyoungrok said he would focus on the global financial market after the US midterm elections to prevent excessive reactions to AI regulation risks. Outsiders worry that the election results may lead to stricter regulation, triggering risks spilling over to global stock markets. South Korea will maintain stability in the Korea-US Trade Agreement and strengthen communication with the US.