Cointime

Cointime

Download App
iOS & Android
Home / Point

Chinese Academy of Engineering Academician Zheng Weimin: The Ability to Produce Stable and Low-Cost Tokens is Rare in the Era of Intelligent Agents

On July 19, Zheng Weimin, an academician of the Chinese Academy of Engineering and a professor in the Department of Computer Science and Technology at Tsinghua University, stated at the AI Infrastructure Innovation Development Forum during the Agentic Era that the rapid expansion of computing power does not equate to the generation of efficient token production capacity. What is truly scarce in the era of intelligent agents is not just chips, but the system capability to produce tokens stably, at low cost, and at a high level. Tokens are transitioning from being a technical metric to becoming a core production factor in the industry, and reasoning systems are evolving from single-machine optimization to distributed, cached, heterogeneous, and service-oriented architectures. (Securities Times)

Comments

All Comments

Recommended for you

  • China Chengtong and China Guoxin Announce Increased Confidence in A-Shares

    On July 19, two major state-owned capital management companies announced their strong confidence in the Chinese capital market and their plans to increase holdings in A-shares. China Guoxin stated that the company firmly believes in the development prospects of the Chinese capital market and supports the technological innovation and high-quality development of state-owned enterprises. Its subsidiary, Guoxin Investment Co., has already utilized over 50 billion yuan in stock repurchases and special loans to maintain market stability. In the future, it will continue to effectively use this policy tool along with its own funds to increase holdings in central enterprise stocks, resolutely maintaining the strategic value of core assets in the capital market and ensuring its stable and healthy operation. Meanwhile, China Chengtong announced that recently, the company and its subsidiaries, Chengtong Capital and Chengyang Investment, have focused on significantly increasing their holdings in Chinese stock assets, accumulating nearly 10 billion yuan in purchases. China Chengtong is optimistic about the prospects of the Chinese economy and capital market and will continue to use its own funds and stock repurchases to significantly increase its holdings in state-owned enterprises and technology companies' stocks and ETFs, making every effort to maintain the stable operation of the capital market.

  • Missile Attack Near Abadan, Iran, Reports of Explosions

    On July 19, Iranian sources reported explosions in Abadan, Iran. The Deputy Governor for Security Affairs in Khuzestan Province stated that the outskirts of Abadan were hit by a missile attack that day. Iranian officials claim the attack was carried out by U.S. forces. The incident occurred in the border area outside the city's administrative region, and there have been no reported casualties. Abadan is known as a prominent oil city located in the oil-producing Khuzestan Province.

  • Oracle's Credit Default Risk Indicator (CDS) Soars to Historic Highs

    On July 19, Oracle's credit risk indicator reached an all-time high, reflecting deep market concerns about the sustainability of the AI investment boom. According to ICE Data Services, Oracle's credit default swap (CDS) spread rose by approximately 10 basis points to 198.23 on Friday, marking a historic closing record that surpassed the previous peak of 198.18 set on March 27. This indicates that the cost for investors to protect Oracle's debt from default has risen to unprecedented levels. Oracle has about $117 billion in bonds within the Bloomberg U.S. Investment-Grade Corporate Bond Index, making it the largest company outside the financial sector in that index. Meanwhile, the release of the new AI model Kimi K3 has raised concerns about the competitiveness of existing AI products, putting overall pressure on tech stocks. The combination of these signals has further deepened market doubts regarding Oracle's aggressive capital expenditure strategy and the prospects for returns on its AI investments.

  • Kimi K3 Impacts Anthropic Valuation Expectations

    On July 19, the probability of Anthropic reaching a valuation of $1.5 trillion by the end of the year significantly decreased on the prediction market Polymarket. This change was linked to the release of Kimi K3, which has impacted the valuation expectations for Anthropic. On July 17, traders estimated the probability of Anthropic achieving a $1.5 trillion valuation within the year at about 77%; by July 18, this figure dropped to 67%, a decline of approximately 10 to 11 percentage points in just one day. The shift in market sentiment occurred following the release of Kimi K3. It is important to note that the decline reflects the contract prices in the prediction market, not an actual reduction in Anthropic's valuation by 11%. The contract bets on whether Anthropic's valuation can reach or exceed $1.5 trillion by December 31, 2026, and the probability change only reflects the expectations of participating traders regarding this target. Anthropic's most recent public financing occurred on May 28, completing a $65 billion Series H round, resulting in a post-money valuation of $965 billion. To reach the $1.5 trillion target set by the Polymarket contract, its valuation would need to increase by $535 billion, a rise of over 55%.

  • U.S. Energy Secretary States Military Actions Against Iran Will Continue

    On July 19, according to CCTV, U.S. Energy Secretary Dan Brouillette stated that military actions against Iran will continue until President Trump achieves his military objectives. In an interview, Brouillette mentioned that the Trump administration's goal is to prevent Iran from acquiring nuclear weapons and to weaken its ability to threaten neighboring countries and global commerce. 'Therefore, this mission will continue until the objectives are accomplished.'

  • CEO of World Gold Council: China is a Vital and Dynamic Part of the Global Gold Market

    On July 19, it was reported that the China International Gold Conference was held from July 16 to 18 in Lanzhou, Gansu. David Tait, CEO of the World Gold Council, highly praised the innovation and vitality emerging from the Chinese market. He stated, 'China is a vital and dynamic part of the global gold market, and its practices in market development, consumer cultivation, and product innovation provide valuable experience for the development of the global gold industry.' (Xinhua News Agency)

  • Michael Saylor Releases Bitcoin Tracker Update, May Disclose Holdings Changes Next Week

    Michael Saylor, founder and executive chairman of Bitcoin treasury firm Strategy, has once again released information related to the Bitcoin Tracker, stating: "What's next?" According to previous patterns, Strategy typically discloses changes in Bitcoin holdings the day after such announcements.

  • President Trump: Republicans Should Include Iran in Sanctions Bill Against Russia

    On July 19, President Trump stated that Republicans should include Iran in the sanctions bill aimed at Russia.

  • KPMG China Chairman: AI is Accelerating to Become the Core Engine of Economic Growth

    On July 19, KPMG China Chairman Zou Jun stated at the 2026 World Artificial Intelligence Conference that artificial intelligence has currently permeated various sectors of the real economy, rapidly transforming from a tool for enhancing efficiency to the core engine of economic growth. China's AI industry is actively positioned with diverse tracks and possesses supply chain advantages, leading to a rapid growth in the scale of related industries. A recent report released by KPMG during the conference pointed out that China has the most comprehensive industrial system in the world and a massive consumer market with over 1 billion internet users. The substantial industrial demand and consumption upgrades enable AI technology to achieve faster value transformation from laboratory to production line in the Chinese market. In terms of financing, KPMG data shows that embodied intelligence, as a major development direction for large model applications, has experienced rapid growth since 2025. The financing amount for embodied intelligence reached $11.17 billion in 2025, a year-on-year increase of 152.0%; the number of financing rounds was 670, up 81% year-on-year. In the first quarter of 2026, the financing amount reached $5.03 billion, a year-on-year increase of 182.9%; the number of financing rounds was 203, up 55% year-on-year. (The Paper)

  • Tonghuashun: Expected Net Profit Increase of 75%-95% Year-on-Year for First Half of 2026

    On July 19, Tonghuashun (300033.SZ) announced that it expects the net profit attributable to shareholders of the listed company for the first half of 2026 to be between 878 million and 979 million yuan, representing a year-on-year increase of 75%-95%. In the first half of 2026, the demand for financial information services rapidly grew due to factors such as active trading in the capital market. During the reporting period, the company continued to promote the deep integration of artificial intelligence technology with financial information service operations, accelerating the application of large models and AI technology in financial intelligence, data terminals, and user service scenarios. This has continuously improved the intelligence level of products and service capabilities, further optimizing user experience and enhancing the company's core competitiveness. Based on a net profit of 256 million yuan in Q1, the expected net profit for Q2 is estimated to be between 622 million and 723 million yuan, indicating a quarter-on-quarter growth of 143%-182%.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company