On June 30, according to Huawei's WeChat official account, Huawei officially launched the open-source openPangu-2.0-Flash model with 92 billion parameters. The company stated that the open-source Pangu openPangu is Huawei's brand for open-source AI models, aimed at providing best practice references for the industry to effectively utilize Ascend through native training and inference technologies. Components related to the openPangu-2.0 model will be gradually open-sourced starting from June 30.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
Huawei: openPangu-2.0-Flash Model Officially Open-Sourced
-
Wechat scan to share
Recommended for you
-
Shanghai and Shenzhen Markets' Trading Volume Exceeds 3 Trillion Yuan for the 12th Consecutive Trading Day
On June 30, the trading volume of the Shanghai and Shenzhen markets exceeded 3 trillion yuan for the 12th consecutive trading day. -
A-shares Trading Volume Exceeds 2.5 Trillion Yuan
On June 30, the trading volume of the Shanghai and Shenzhen stock markets exceeded 2.5 trillion yuan, a decrease of 291.9 billion yuan compared to the same time the previous day. -
STAR 50 Index Surges Over 4% in Afternoon Trading
On June 30, the STAR 50 Index continued to strengthen in the afternoon, rising over 4%. Among the constituent stocks, GeKowei and Aojie Technology hit the 20% daily limit, while Zhongke Feice surged over 10%. -
CITIC Construction Investment Report: Physical AI is the Next Wave of Artificial Intelligence, Robots are One of the Best Physical Carriers of AI
In the A-share market, robotics concept stocks have collectively strengthened, with Haozhi Electromechanical hitting the 20% daily limit, Qiaofeng Intelligent rising over 16%, Huayi Technology up more than 15%, and Sanrui Intelligent, Lvdexiebo, Benchuan Intelligent, and Xiangming Intelligent all increasing over 13%. Sihui Fushi and Aobi Zhongguang-W rose over 12%, while Aifute-U, Hanwei Technology, and Shenghong Technology gained over 10%. Changhua Group, Lianchuang Electronics, Lingyi Zhizao, Jingjing Optoelectronics, Mingzhi Electric, Optoelectronic Co., Zhongjian Technology, and Aistun all hit the 10% daily limit. The CITIC Construction Investment report states that the practical application of humanoid robots is a key focus for the market, with Figure03 entering BMW's factory and leading manufacturers actively promoting the use of humanoid robots in industrial and other scenarios. As the level of robot generalization increases, it is expected that the practical application scenarios will further expand, with 2026 anticipated to be a significant year for humanoid robot applications. Physical AI is the next wave of artificial intelligence, and robots are one of the best physical carriers of AI, which deserves attention. Additionally, the mass production of Optimus is approaching, with recent clarifications on supply chain production guidance, and its ramp-up pace is gradually being validated. The upcoming release of the V3 product and the advancement of mass production remain worthy of close attention. Furthermore, the continuous progress of IPOs for domestic robot companies is expected to lead to a re-evaluation of their intrinsic value, with ongoing catalysts in the sector anticipated in the next quarter, suggesting a focus on quality segments. -
Kimi's Valuation Rises to $31.5 Billion with ARR Exceeding $300 Million, Revenue Curve Shows Early Signs of Anthropic
On June 30, according to the Science and Technology Innovation Board Daily, Kimi's recent financing round, which valued the company at $20 billion, has been completed, and a new financing round has been initiated, raising the pre-investment valuation to $31.5 billion. According to sources close to Kimi, the company disclosed its latest revenue data during this financing communication: by mid-June, the ARR (Annual Recurring Revenue) surpassed $300 million. The revenue growth in this round is primarily driven by increased developer usage and API revenue resulting from model iterations. Currently, API revenue accounts for over 70% of Kimi's total revenue and continues to rise. Kimi's revenue curve is beginning to show characteristics of the early commercialization phase seen in Anthropic: increased developer engagement, a higher proportion of API revenue, growth in overseas paying users, and a price structure uplift driven by model capability iterations. -
WTI Crude Oil Futures Drop Below $70
On June 30, WTI crude oil futures fell below $70 per barrel, currently reported at $69.958 per barrel, down 1.12% for the day. -
KOSPI Index in South Korea Rises by 3%
On June 30, the KOSPI index in South Korea increased by 3%, reaching 8647.03 points. -
Analysis: Overweight in Chip Stocks Pushes South Korean Market into Danger Zone
On June 30, news emerged that the global AI boom has driven the stock prices of Samsung Electronics and SK Hynix to historic highs this year. However, this surge has also exposed the structural vulnerabilities of the South Korean stock market, which is not accustomed to extreme volatility. Currently, SK Hynix and Samsung account for a record 60% of the KOSPI index, up from about 40% two years ago. Last week, after a significant market downturn, regulators intervened twice to suspend KOSPI trading to stabilize market confidence. Plans to introduce large-cap stock options, including those for SK Hynix, have been postponed. One concern is that retail investors are borrowing money to buy shares of Samsung and SK Hynix, which could expose them to margin call risks—where brokers require additional cash when stock prices fall below a certain level. The excessive concentration of market risk in these two stocks may also prompt institutional investors to withdraw, thereby amplifying downward pressure on stock prices. Matthieu Lacheteau, head of equity research at Baosheng, stated that the recent market trends serve as an important reminder of concentration risk. When investor positions become crowded, high volatility should be expected. -
TrendForce: New Factory Production Timelines Likely Between Late 2027 and 2028, DRAM Supply Shortage to Persist
On June 30, according to Yicai, analysts believe that the expansion plans of the two major South Korean memory manufacturers are primarily aimed at server DRAM (Dynamic Random Access Memory) and HBM (High Bandwidth Memory) products. Whether this will affect the competitive landscape in the memory market will depend on the capacity expansion plans released by other manufacturers. TrendForce analyst Xu Jiayuan stated that the new factory production timelines are likely to fall between the second half of 2027 and 2028, and that the DRAM supply shortage will be difficult to reverse before then. Regarding whether the latest expansion plans from South Korean manufacturers will impact the memory competition landscape, he noted that AI-driven demand growth is strong, and it is expected that various suppliers will successively release their capacity expansion plans. Ultimately, each supplier's market share will depend on the implementation of their expansion plans and customer composition. 'Samsung Electronics and SK Hynix's expansion plans from 2026 to 2030 are primarily aimed at securing long-term orders from large cloud providers, thereby increasing their market share in high-margin server DRAM and HBM.' -
DBS: Optimistic GDP Growth Outlook for Singapore in the Second Half
On June 30, Chua Han Teng, a senior economist at DBS Group, stated in a report that as tensions between the U.S. and Iran ease, Singapore's GDP growth outlook for the second half of the year is becoming optimistic. With improvements in financial markets, business, and consumer confidence amid a reduction in geopolitical tensions, the country's economy may benefit. There also appears to be further development potential in the global AI-driven technology cycle. As major hyperscale cloud service providers strengthen their AI infrastructure, demand for Singapore's storage chips, server-related products, and semiconductor equipment will be boosted. DBS Group has raised its GDP growth forecasts for Singapore for 2026 and 2027 from 2.8% and 2.3% to 4.3% and 3.0%, respectively.
Daily Must-Read
-
From AI Router to Agent Economy Network: How UniKey Builds the Next Generation of AI Infrastructure
-
SuperStrike: As AI Takes Over Financial Decision-Making, A New Era of Wealth Creation Begins
-
The largest IPO in history! Panoramic analysis of SpaceX's IPO: trillion dollar valuation, track change, and Musk's trillion dollar net worth
-
The 90 trillion yuan track is officially legalized: the United States opens up perpetual contracts on the blockchain, and encrypted finance completely rewrites the global trading landscape
-
PayStill Enters the Pure PAYS Era: A Value Aggregator Embarking on a New Growth Cycle
-
Bitwise deep review: Cryptocurrency market faces three major structural changes, reverse layout window opens as bear market ends
All Comments