On September 9, U.S. Treasury Secretary Janet Yellen is set to announce the scale of long-term U.S. Treasury buybacks, leading to a surge in Treasury yields. All three major U.S. stock indices opened lower, with the Nasdaq down 0.36%, the S&P 500 down 0.25%, and the Dow Jones down 0.37%. Meta surged over 5% following the release of its first personal AI, Muse, which operates 24/7 and features night reflection and proactive planning capabilities. Apple fell 0.3% ahead of its product launch event at midnight, where the first foldable iPhone is expected to be unveiled. Amazon dropped over 2% as it initiated its first issuance of pound-denominated bonds, amounting to £4.25 billion.
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U.S. Stock Indices Open Lower, Meta Rises Over 5%
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SK Hynix (SKHY.US) Rises Over 5% to a New High of $195.4
On September 9, SK Hynix (SKHY.US) in the U.S. stock market saw its share price increase by over 5%, reaching $195.4, setting a new record since its listing. -
Wintermute Sells 500,000 LAPTOPs, Profiting $2 Million
On September 9, Wintermute received 2.5 million LAPTOPs from a multi-signature wallet. After distributing 2.09 million LAPTOPs to a trading wallet, they sold and deposited them into centralized exchanges. Among these, 500,000 LAPTOPs were sold through 356 transactions for approximately $2 million, while the remaining portion was directed to Kraken, Gate, and KuCoin. -
International Oil Prices Rise Over 3%, Brent Crude Exceeds $101 per Barrel
Brent crude has surpassed the $101 per barrel mark, trading at $101.02 per barrel, with an intraday increase of over 3%. WTI crude also rose by more than 3%, reaching $95.86 per barrel. -
U.S. Stock Market: Optical Communication Sector Rises in Early Trading
On September 9, Lumentum and Coherent rose over 3%, while Corning and Molex increased by more than 2%. -
Ministry of Commerce Spokesperson Responds to U.S. Cybersecurity Announcement on Chinese AI Companies
On September 9, Eastern Time, September 8, the U.S. National Security Agency, Cybersecurity and Infrastructure Security Agency, and Federal Bureau of Investigation jointly issued a statement accusing Chinese AI companies of conducting "industrial-scale" distillation to acquire advanced model capabilities from the U.S. and suggested related defensive measures to American companies. In response, a spokesperson for the Ministry of Commerce stated that China is willing to engage in constructive and professional discussions with the U.S. based on the principles of equality, mutual benefit, and win-win cooperation. However, if the U.S. takes actions to suppress Chinese AI companies under the guise of combating distillation, China will resolutely take countermeasures. It is hoped that the U.S. will work with China to manage risks through dialogue and communication, promoting the benefits of the AI industry globally. (Ministry of Commerce) -
Ministry of Commerce: Distillation is a Common Technique in AI, U.S. Actions Reflect Double Standards
On September 9, a spokesperson for the Ministry of Commerce responded to questions from reporters regarding a cybersecurity announcement by the U.S. concerning distillation activities of Chinese AI companies. The spokesperson stated that distillation is a common practice in the AI field where various models learn from each other, and it is essentially a neutral technical means used by global model companies, including those in the U.S. This technique can help models improve learning efficiency, enable more effective use of human knowledge, and has positive implications for countries developing their AI industries, unlocking the potential of AI technology, bridging development gaps, and benefiting developing countries and the general public. The actions of the U.S. reflect a typical double standard. China encourages open-source, collaborative sharing in AI, and Chinese open-source models are accessible to global companies, including those in the U.S., facilitating relevant model research and development. Reports from U.S. companies also reveal that they extensively distill Chinese models. In contrast, the U.S. has repeatedly unilaterally accused Chinese companies of engaging in 'industrial-scale' distillation, tarnishing a common industry practice as an aggressive act, which not only reflects U.S. anxiety but also exemplifies double standards. -
Brent Oil Surpasses $100 Mark, Oil and Gas Stocks Rise
On September 9, oil and gas stocks rose at the market open, with Equinor up over 3%, Occidental Petroleum, Murphy Oil, ExxonMobil, and Chevron rising over 2%, and BP, Total, Petrobras, and Eni gaining around 1.5%. The situation in the Middle East continues to escalate, with Brent crude oil surpassing $100 per barrel during trading on the 9th, marking the first time since July 24. -
Stablecoin Payment Company Latitude Secures $35 Million in Series A Funding
On September 9, stablecoin payment infrastructure company Latitude completed a $35 million Series A funding round, led by Oak HC/FT, with participation from NEA, Coinbase, Lightspeed Faction, and OpenFX. The funds will be used to expand the team and obtain regulatory licenses in markets such as Southeast Asia, Latin America, and Africa. (Fortune) -
Legal AI Startup Harvey Raises $550 Million, Valuation Reaches $15.6 Billion
On September 9, legal AI startup Harvey announced the completion of a $550 million funding round, raising its valuation to $15.6 billion. The funds will primarily be used to develop its proprietary AI models. This round was co-led by Lightspeed Venture Partners and Diffusion, with new investors Sapphire Ventures and Whale Rock Capital Management also participating. To date, Harvey has raised over $1.5 billion, making it the highest-valued and largest funded legal AI startup. The company provides services to several top law firms, including well-known firms like Latham & Watkins, as well as corporate legal departments such as that of Microsoft. -
International Spot Gold and Silver Prices Surge, Silver Rises Over 3%
On September 9, international spot gold and silver prices experienced a sharp increase. The price of spot gold rose by 1.76%, reaching $4,432.28 per ounce; the price of spot silver increased by 3.09%, reaching $67.76 per ounce.
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