Original link: https://www.latepost.com/news/dj_detail?id=1676
Huang Renxun: The runway is long enough, and it makes sense to run fast
Almost 14 years ago, Nvidia CEO Huang Renxun participated in a TV show called “Boshitang” on Dragon TV. A guest on the show described Nvidia as the fastest company in a niche market (compared to giants such as Intel and Microsoft). Just being fast is not enough, Huang added, and running fast is a good strategy only when the runway is long enough and preferably winding enough.
At that time, Nvidia was still focusing on graphics processing. Huang Renxun said that the image demand generated by industries such as games and movies was good enough. Later, he chose to give up the research and development of the baseband chip that was very popular at that time (and also gave up the huge mobile phone market), and turned to the AI field that he was better at but could not see the scale at that time.
At the end of that TV show, the host asked Huang Renxun what vision he had for the company. He said:
We hope to create some products that other companies cannot do, and these things are meaningful to life, can make people happier, or enable our scientific research to further expand, and can treat diseases, Or save human life. I hope that one day, everyone in the world will know Nvidia, just as they know Microsoft and Intel, and think our company is one of the most influential companies in the world.
Today, 14 years later, Nvidia has grown into the leading chip company in the AI field, and its latest market value is 8 times that of its former big brother, Intel. AI startups continue to tell everyone with orders that Nvidia’s computing chips are the fastest, most powerful, and the best to use.
At the COMPUTEX conference at noon today, Huang Renxun brought out a bunch of products with greatly upgraded performance, and continued to widen the gap with competitors: including the super GPU chip GH200 that has been fully put into production, and the supercomputing platform DGX, which is 500 times larger than the previous generation of memory. GH200 (training GPT-3 is 2.2 times faster), the new accelerated Ethernet platform Spectrum-X, and providing customized AI model foundry services for games, etc.
For the general public who no longer care much about the new tricks of mobile phones and computers, it may not be easy to understand why computers and chips need to continue to improve their performance now and in the future.
Huang Renxun used a set of parameters to compare the speed of data growth in the AI field: in 2012, the training of the most advanced neural network AlexNet at that time used 62 million parameters. After 10 years, Google used 340 billion parameters when training PaLM2, the number of parameters increased by 5000 times, and the data set used for training increased by 3 million times.
The level of performance directly affects the cost. For the same $10 million, you can choose to build a data center with 960 CPUs or 48 GPUs. The latter can handle 44 times the amount of data and consume less than one-third of the former.
Huang Renxun said that we are in a new era of computers, and we can do things that were impossible before.
For example, in the field of biology, for the first time, humans will have computer tools that can assist drug discovery. They can process proteins and chemicals, understand diseases and targets (the first two steps in drug discovery), and try things that have never been imagined. combination of chemical substances.
The special feature of this new era is that: AI can understand more information including different modalities; these understandings do not require special programming languages, the digital divide is eliminated, and the threshold for programming is lowered infinitely; AI can not only change the future , It can also transform every application that existed before, which is why big companies have embedded AI in almost all applications from browsers to office software.
This change will reshape all industries, but it will also reshape every company and every person.
Two days ago, in his speech at the graduation ceremony of Taiwan University in China, Huang Renxun said that AI has brought opportunities for regeneration to the computer industry, and every company and everyone should learn to make good use of AI.
Whatever you will create in the age of AI, go for it with all our might, run! Don’t walk slowly.
Whether it’s running for food, or not being treated as food by others. You often have no way of knowing which situation you’re in, but keep running anyway. (Qiu Hao)
State-owned enterprises accelerate profitability
On May 27, the National Bureau of Statistics released regular operating data of industrial enterprises above designated size (annual income of more than 20 million yuan), showing that in the first four months of this year, the total profits of state-owned industrial enterprises above designated size fell by 17.9% year-on-year to 757.98 billion yuan. At the same time, the Ministry of Finance also disclosed regular operating data of state-owned enterprises, showing that the profits of state-owned enterprises across the country increased by 15.1% year-on-year to 1,438.81 billion yuan during the same period.
The two seem to deviate from each other, but they are not actually contradictory. The most obvious is the industry difference. The Bureau of Statistics only counts state-owned industrial enterprises, while the Ministry of Finance includes 14 industries including industry.
Affected by the global economic slowdown, the industrial downturn is the overall trend, but the performance of state-owned industrial enterprises is still better than that of private enterprises. The total profit of the latter in the first four months fell by 22.5% year-on-year, and the profit margin fell to 3.5% (state-owned enterprises were 6.6%).
Analysts believe that this trend is not only due to the gap in commercial resources between state-owned and private industrial enterprises, but also because upstream industries such as oil and gas exploration and mineral resources are in the business cycle, and the main players are state-owned enterprises. The downstream light industry dominated by private enterprises, in addition to bearing the pressure of rising raw material prices, has also been continuously affected by the transfer of supply chains in recent years.
We also introduced in October last year that the asset-liability ratio of private industrial enterprises above designated size was higher than that of state-owned industrial enterprises for 30 consecutive months. At the end of September last year, the asset-liability ratio of the former was about 58.9% and that of the latter was about 57.4%. As of the end of April this year, the former’s asset-liability ratio further expanded to 60%, while the latter remained unchanged.
Although the industry is under pressure, the profits of state-owned enterprises still achieved double-digit growth in the first four months of this year, which may be mainly due to the recovery of offline contact consumption such as wholesale, retail and catering after the adjustment of epidemic prevention measures. Industries with more than 30% of the income of state-owned enterprises. Although the social service industry accounts for a low income (less than 5%), its profit accounts for more than 10% (similar to real estate, wholesale and retail industries). It should be noted that the statistical caliber of the Ministry of Finance does not include state-owned first-level financial enterprises, such as the four major banks.
According to CITIC Construction Investment, as of February 27 this year, there were 1,462 state-owned listed companies on the main board and the Beijing Stock Exchange, excluding banks, PetroChina, and Sinopec, a total of 1,429, accounting for about 28% of the total number of listed companies, mainly concentrated in the upstream industry. Among them, the number of state-owned enterprises in the banking industry accounted for about 93%, the coal industry accounted for nearly 80%, the iron and steel, real estate, transportation and other industries accounted for about 60%, and the light industry accounted for the lowest about 9%.
We have sorted out the data of some listed state-owned enterprises. In the first quarter of this year, the three major airlines had a year-on-year loss of 12.5 billion yuan, and the three listed airports had a total loss of 730 million yuan. China Mobile, China Unicom and China Telecom earned RMB 3.4 billion more than the same period last year. Moutai, Fenjiu, Yanghe, Wuliangye, and Luzhou Laojiao earned 8 billion yuan more than the same period last year.
Even in the real estate industry, where the downturn is obvious, state-owned enterprises have performed significantly better than private enterprises. For example, Poly Development achieved a net profit of 2.66 billion yuan in the first quarter, a year-on-year increase of 6.7%. China Merchants Shekou’s net profit fell nearly 40% year-on-year, but still achieved a net profit of 270 million yuan. In the first quarter of this year, China Resources Land’s accumulated contracted sales amount increased by 70% year-on-year, and the accumulated rental income from investment properties increased by more than 20% year-on-year. (Lin Guangying)
C919 completes its first commercial flight, peers and suppliers send congratulations
On May 29, China’s domestically produced large aircraft C919 completed the passenger-carrying commercial flight mission from Shanghai to Chengdu for the first time. The China Eastern Airlines flight C919 was sold out. On social media, netizens reported that some passengers on the flight wanted to take away safety instructions and seat back scarves as a souvenir. Starting today, the C919 will be in normal commercial operation on the route from Shanghai Hongqiao to Chengdu Tianfu.
Boeing and Airbus, two of the world’s largest civil airliner manufacturers, congratulated the C919 on its Weibo for successfully completing its first commercial flight.
In addition to Boeing and Airbus, France’s Safran Group also expressed its blessings to COMAC and C919. The C919’s LEAP-1C engine comes from CFM International, a 50% joint venture between General Electric of the United States and Safran of France. In addition, Safran also provided the electrical line interconnection system for the C919 through a joint venture with COMAC.
From 0 to 1 of the domestic aircraft project, there are not only the efforts of local engineers, but also the components provided by key suppliers such as Safran and GM. General Electric and AVIC jointly formed AVIAGE SYSTEMS to provide avionics systems for the C919, while Honeywell and other American and European suppliers built the electromechanical systems for the C919.
For large aircraft manufacturing, time and experience are very important. Airbus pioneered the aircraft development model of multi-country division of labor and cooperation. Starting from the Airbus A300 project jointly launched by Britain, France and Germany in 1967, it took Airbus 20 years to develop the A320 model. Benefiting from the global market, COMAC purchases core components and systems from American and European companies with mature technologies, and builds large aircraft in a relatively short period of time.
As of the end of last year, the C919 had accumulatively received 1,035 orders from 32 customers, but this was far from enough for commercial profitability. For reference, it took Airbus nearly 30 years to become profitable. (Intern Chang Junfei)
After three years, Musk may come to China again
On the evening of May 29, Chinese social media began to spread the news that Musk will visit China again after three years, and the trip is expected to take place as soon as this week. The source said Musk is likely to accept meetings with senior Chinese officials and visit Tesla’s Shanghai Gigafactory.
China, and Shanghai in particular, has unusual meaning for Tesla. When financial analysts in Manhattan began estimating that Tesla would have weeks to burn, it began exploring the possibility of building a factory there with the Shanghai government.
In 2018, Tesla became China’s first wholly foreign-owned car company, and quickly got almost all the support it could get: cheap land, low-interest loans, preferential tax rates, bridge loans to ease the urgent need for funds, and China’s efficiency. At the beginning of 2020, Musk attended the new car delivery ceremony of Tesla’s Shanghai factory, and his live solo dance became part of the Internet meme.
In March of this year, Tesla had produced 4 million vehicles, of which the fourth global production of one million vehicles took only 7 months, largely due to the three-year production capacity that exceeded one million vehicles. Shanghai factory. This month, the Shanghai Economic and Information Commission confirmed that Shanghai will further deepen cooperation with Tesla to promote the layout of functional sectors such as autonomous driving and robots in Shanghai. (Gong Fangyi)
SHEIN plans to partner with Indian retail giant to return to Indian market
According to media reports, SHEIN has reached an agreement with India’s Reliance Industries, which will help SHEIN establish a supply chain with Indian garment factories for the local and Middle East markets, and SHEIN will receive part of the sales profits in India. The Indian government is said to have approved the cooperation. SHEIN subsequently confirmed the news of the cooperation between the two parties, but said that “there are no other comments at this time.” According to previous reports, this cooperation is led by Reliance Industries.
The Indian apparel market is about US$10 billion, and it was once one of the three markets with the highest downloads of SHEIN until SHEIN was banned at the end of June 2020. In 2021, it was reported that SHEIN wanted to return to India as an Amazon seller, but was stopped by the court. Amazon itself is facing antitrust investigations in India.
Reliance Industries, which SHEIN is cooperating with this time, is India’s largest retail company, operating more than 15,000 stores across India, covering food, groceries, clothing and other categories. Reliance is also said to be interested in entering e-commerce, but faces competition from Amazon and Flipkart, which is registered in Singapore and headquartered in Bangalore, India.
In order to reduce disputes, SHEIN moved its headquarters to Singapore, but now it has started to establish production centers around the world. “LatePost” introduced this month that SHEIN is looking for allies around the world to deal with the increasingly complex global environment. (Lin Guangying)
Know later, sooner丨American podcast company PodcastOne is about to IPO
There are at least 2 IPOs for A shares this week.
- Pride: Manufacturer of power tools. Pride mainly manufactures hot air guns, airbrush guns, electric spray guns, electric nail guns and other products, and its customers include power tool brands such as Stanley Black & Decker and Bosch. R & D and production of electric tools according to customer needs are the main business of Pride, accounting for more than 90% of its revenue.
- Xinghao Pharmaceutical: a pharmaceutical company. Xinghao Pharmaceutical is mainly engaged in the research and development, production and sales of pharmaceutical preparations. Its main business is drug sales, drug research and contract processing outsourcing services (CMC/CMO). Its main revenue comes from drug sales, accounting for more than 90%. Digestive drug compound digestive enzyme capsule (Xinghao Meitong), and brain metabolism improving drug Piracetam injection are its main products. Up to now, Xinghao Pharmaceutical has reserved 93 CMC/CMO projects.
There are at least 3 IPOs in US stocks this week.
- Ollie Group: Accounting and business consulting company in Hong Kong, China. Oli Group mainly provides services such as financial reporting, general corporate consulting, pre-audit and listing consulting for small and medium-sized companies. As of September 30 last year, it had a total of 299 customer contracts, and its customers were all from the mainland and Hong Kong. Oli Group has only seven full-time employees.
- Courtside Group: Podcast production company. Courtside Group uses the name PodcastOne externally. Its main income comes from advertisements and user subscriptions. Its well-known podcasts include The Adam Carolla Show and Bad Bad Thing. According to Podtrac, a podcast data analysis company, PodcastOne is the 11th-ranked podcast production company in the United States, with 168 podcast programs and 5.378 million monthly listeners.
- SolarMax Tech: American solar energy company. SolarMax sells and installs solar systems to residential and commercial customers in the United States, and builds solar power plants in Guizhou, Shandong, and other places in China. SolarMax claims to have the largest business in China among U.S. solar developers, but there is only one Chinese customer, State Power Investment Corporation Guizhou Jinyuan. In 2020, more than 70% of its revenue will come from Chinese business. In 2021, its Chinese business revenue will be the largest in Guizhou Jinyuan After the yuan project ended, it fell by more than 90%. (Intern Chang Junfei)
OTHER NEWS
Nvidia’s market value is more expensive than Tencent, Ali, Byte, and Baidu combined.
After the market closed last Friday, Nvidia’s market value exceeded US$960 billion, more than Tencent (about US$400 billion), Alibaba (about US$210 billion), ByteDance (valued at about US$300 billion) and Baidu (about US$44 billion). ) add up to expensive.
China plans to land a man on the moon by 2030.
On May 29, Lin Xiqiang, deputy director of the China Manned Space Engineering Office and engineering spokesperson, said at a press conference that the Shenzhou 16 manned spacecraft will be launched at 9:31 tomorrow, and the flight crew will be composed of astronaut Jing Haipeng. , Zhu Yangzhu and Gui Haichao. At the same time, he also said that China has launched the mission of the manned lunar exploration project to land on the moon, and plans to land on the moon for the first time before 2030.
Chen Miner, secretary of the Tianjin Municipal Party Committee, had a discussion with Ali CEO Zhang Yong.
According to “Tianjin Daily”, on May 26, Chen Miner, secretary of the Tianjin Municipal Party Committee, and Zhang Gong, mayor of Tianjin, had a discussion with Zhang Yong, Chairman of the Board of Directors and CEO of Alibaba. Chen Min’er said that he hoped that Alibaba would deepen Tianjin’s development on the existing basis and deepen cooperation in the construction and application of computing power, industrial Internet, and smart city construction. Zhang Yong said that Alibaba is willing to actively participate in the implementation of Tianjin’s “Ten Actions” around the implementation of the major national strategy for the coordinated development of Beijing, Tianjin and Hebei, and provide computing power services with higher performance and lower cost to help Tianjin’s cloud computing, artificial intelligence, and big data and other industrial development.
Caixin: Sino-Innovative Airlines will collectively terminate the contracts of fresh graduates at the end of May.
According to a Caixin report, Zhongxinhang, the third largest power battery company in China, terminated the contracts of some fresh graduates who were scheduled to enter the job in July this year last week, and paid 3,000 yuan in compensation to each of them. The company told the fresh graduates that the new energy industry is facing many opportunities and challenges, and in order to respond to the market and customer needs in a timely manner, it made a decision to terminate the contract. Previously, due to insufficient orders, Sino-Innovative Airlines had forced weekends and restricted working hours at the end of last year. Many employees chose to leave because of the low workload.
BYD responded to Great Wall’s report: self-developed technology can meet emission standards.
Last week, Great Wall Motor reported that BYD’s plug-in hybrid vehicles use atmospheric fuel tanks, which are suspected of failing to meet evaporative emissions standards. Today, BYD responded on the investor interaction platform that “the answer is very clear: it can be achieved!”. The company has started to use new self-developed technology since 2020, and only needs atmospheric pressure engines to meet emission standards. When the carbon tank (used to absorb and store the volatilized fuel vapor in the fuel tank) is saturated, even in the pure electric mode, the vehicle can automatically start the engine to pump out the oil and gas in the carbon tank, and it can be completed within 4 minutes.
Previously, due to the inability to flexibly start the engine in pure electric mode, BYD has been using high-pressure fuel tanks to meet emission standards. Currently, different countries have different emission regulations and technical standards, and BYD uses both types of fuel tanks. At the same time, the company also expressed that it is willing to share some core technologies and patent achievements of plug-in hybrid vehicles with peers for free.
Foxconn is recruiting workers for the mass production of the new iPhone 15, and sources say the iPhone 16 may use a larger screen.
A few days ago, Foxconn’s business group responsible for iPhone assembly in Zhengzhou, the world’s largest iPhone production area, said that starting today, employee recruitment bonuses will increase from a maximum of 3,000 yuan to 3,500 yuan per person, and hourly wages will increase by 2 yuan to a maximum of 22 yuan per hour. This is the third time that the business group has increased recruitment incentives this month. Prior to this, Foxconn’s Jiyuan City factory in Henan also said that it would soon double its expansion to 30,000 people. The iPhone 15 is expected to be released in September.
In addition, well-known technology journalist Mark Gurman (Mark Gurman) said today that the screen of Apple’s iPhone 16 Pro/Pro Max is expected to “increase the diagonal by a few tenths of an inch (within 2.5 centimeters).” This is the first time that the iPhone screen has become larger since 2020. Many analysts have previously said that the screen sizes of the two high-end models will increase by 0.5 centimeters to 6.3 inches and 6.9 inches respectively, while the sizes of the two standard models will remain unchanged.
H&M will close its Sanlitun Taikoo Li flagship store.
Swedish fast fashion brand H&M will close its flagship store in Taikoo Li Sanlitun, Beijing on June 11, which is one of H&M’s largest stores in mainland China. The H&M China PR team stated that it will continue to look for suitable locations in Beijing and other cities in China to open brand new flagship stores. Some analysts believe that after the ten-year contract between H&M and Swire Properties expires, rising rents may be one of the main reasons why H&M chose to close the store. H&M also closed its flagship store on Middle Huaihai Road in Shanghai last year.
Portugal will limit the participation of Chinese companies such as Huawei in the development of its 5G network.
The Portuguese government’s Cyber Security Commission CSSC will ban domestic telecom operators from using Chinese equipment in their 5G networks, which will affect Huawei’s existing projects and future development in Portugal. Portugal’s main operators Altice, NOS and Vodafone have all said they will not use Huawei equipment in their 5G core networks. Instead of restricting Chinese companies directly, the CSSC has highlighted security risks in the countries where the suppliers are based. If the supplier’s country does not have an agreement with Portugal, the EU on data protection, network security or intellectual property rights, and is not a member of any of the EU, NATO and OECD, 5G technology suppliers from this country will be subject to restrictions. limit. Huawei stated that it had no prior knowledge of the matter and (the Portuguese government) had not consulted on the matter.
Wind restricts access to data by overseas users.
Chinese data provider Wind has begun restricting access to some data for overseas users. Users outside of Hong Kong and mainland China currently cannot access data such as online retail shopping trends, satellite imagery of lighting conditions in different cities in and outside of China, and land auction records. When overseas users try to access restricted data, the Wind platform informs that according to relevant laws and regulations, the data cannot be used in the region where the user is located, or requires the user to fill in a form to explain the reason for access, and to ensure that the data is only for personal use. The application form also requires Waiting for Wind’s evaluation.
Ubisoft will stop selling derivative products in China and close its official flagship store on Tmall next month.
Recently, Ubisoft Ubisoft officially issued a document stating that due to strategic adjustments to the derivatives business, it will stop derivatives sales in China. Tmall’s official flagship store will stop operating on June 7, and the customer service function will remain until June 19. Derivatives that cooperate with other brands will continue to be sold on the brand and third-party channels. At present, all products in the Tmall flagship store have been marked with the words “Close the store and clear the stock, and the reserve price will be reduced directly”, including figure models, clothing, Switch game cassettes, game peripherals, etc. The company said in its last two quarterly performance meetings that it was restructuring and cost-cutting, laying off staff and canceling a number of game releases.
The number of foreign tourists in the Maldives in the first quarter exceeded that before the epidemic, leading Asian countries.
The Maldives received about 523,000 foreign tourists in the first quarter of this year, nearly 41,000 more than the same period in 2019. Among them, the number of Chinese tourists was about 17,700, less than a quarter of that before the epidemic. Russian tourists more than doubled to about 65,000 due to restrictions on travel to Europe. As of the latest data, the number of inbound tourists to Nepal has recovered to about 90% this year, and Singapore, Thailand, Vietnam, Japan, the Philippines, and Sri Lanka have all recovered to about 60-70%.
A lawyer used ChatGPT to write litigation documents and fabricated multiple judgment precedents. The judge said that he would discuss punishment measures.
In March of this year, a lawyer in New York used ChatGPT to write a lawsuit to help a client sue an airline company – he claimed that he was hit by a dining car on the plane and injured his leg. The 10-page summary cited at least 6 relevant court decisions, but none item is true. The judge described “unprecedented circumstances” filled with false verdicts and citations, and will hold a hearing to discuss possible penalties. The lawyer who made the mistake has practiced for more than 30 years. He said that it was the first time he used ChatGPT, and he didn’t know that the content might be fake.
LVMH’s U.S. luxury hotel plans hit a snag, and the biggest objections come from clients.
Recently, the results of a referendum in the Beverly Hills area of Los Angeles (Beverly Hills) opposed LVMH’s construction of the first luxury hotel in the United States, because the hotel is too high to block the line of sight and cause traffic congestion. LVMH expects to develop it for other uses, such as retail or offices. A company spokesman acknowledged that while there were still some ballots to be counted, “it now appears that, according to media reports, recent … overturned the results of a comprehensive, years-long review and approval process.” The project was approved by the government last year, But hotel unions objected and collected a large number of signatures, triggering a referendum. Now four floors of the planned nine-story building had to be demolished and more than 5,000 truckloads of construction debris cleared along the road. The Beverly Hills area has 30,000 residents with a median household income of over $100,000.
Biden reached a deal with Republicans to raise the government debt ceiling.
On the 28th, US President Biden and House Speaker McCarthy reached an agreement on raising the government debt ceiling, and the House of Representatives is expected to vote on the 31st. At present, the Republican Party occupies the majority of seats in the House of Representatives with a narrow advantage. Government spending is the main difference in the negotiations between the two parties. The Republican Party hopes that the government will reduce spending. U.S. federal government debt reached the legally set debt limit in January, and the U.S. Treasury Department has been using various fiscal tools to avoid default. Treasury Secretary Yellen said the government needs to raise the debt ceiling and borrow more money, or it will run out of cash on June 5.
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