On June 24, Wuhan's first municipal-level artificial intelligence innovation fund—the Wuhan Wuchuang Future Intelligent Venture Capital Fund—was officially launched, with a total scale of 1 billion yuan. The fund is jointly funded by Wuchuang Investment, Wuhan Fund, and the Hubei Province Humanoid Robot Mother Fund, focusing on cutting-edge fields such as artificial intelligence, humanoid robots, and embodied intelligence. It aims to support core technology research and development and industrialization projects, particularly in humanoid robot systems, high-precision sensors, and intelligent chips.
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.
Wuhan Launches 1 Billion Yuan AI Innovation Fund
-
Wechat scan to share
Recommended for you
-
U.S. Current Account Deficit Reaches $226.8 Billion in Q1
On June 24, the U.S. current account deficit for the first quarter was reported at $226.8 billion, exceeding the expected deficit of $215 billion. The previous value was revised from a deficit of $190.7 billion to $221.1 billion. -
Goldman Sachs Warns: AI Investment Boom Not Peaking Yet, But Market Pricing Clearly Ahead of Fundamentals
On June 24, Goldman Sachs stated in its latest research report that the AI investment boom has not yet peaked, but the market pricing for its future returns is clearly ahead of macroeconomic realizations. The firm pointed out that the share of U.S. technology investment in GDP has surpassed the peak during the internet bubble of the 1990s, with capital expenditure expectations for major cloud providers being revised up nearly 80% in the past six months for 2026. This wave of investment continues to drive revenue and profit growth in the semiconductor, cloud computing, server, and data center supply chains, leading to increasingly high valuations for AI-related assets. However, unlike the late 1990s, the current risks no longer primarily stem from a pure valuation expansion detached from fundamentals, but increasingly from the market's expectations for the long-term sustainability of high profit margins and capital returns. Goldman Sachs believes that the core contradiction of the AI market is intensifying: fundamentals remain strong, but the market has already priced in too much future earnings. -
Becerra Criticizes Fed's Dot Plot, Reveals Past Reverse Trading Strategy
On June 24, U.S. Treasury Secretary Scott Becerra stated that he believes no one should publish the dot plot. Becerra added, "The only reason I ever liked the dot plot was when I was running my own investment business; we had a trading model specifically for reverse trading the dot plot because the dot plot is always wrong." Becerra expressed appreciation for Federal Reserve Chair Waller's decision to eliminate forward guidance. He also mentioned that he has breakfast with Waller every week, consistent with the practice during Powell's tenure as Fed Chair. -
U.S. Oil Drops 3%
On June 24, WTI crude oil's intraday decline expanded to 3%, currently priced at $71.45 per barrel. -
Spot Silver Plummets 4%, Hits New Low Since December Last Year
On June 24, spot silver fell 4% during the day, currently priced at $59.06 per ounce, marking a new low since December last year and halving from its peak in January this year. -
Gold Plummets $100 in One Day, Approaching $4000 Mark
On June 24, spot gold fell sharply by over $30 in a short period, plummeting $100.96 during the day to currently report at $4008.72 per ounce, a decline of 2.46%. New York futures gold also saw a significant drop of 3%, currently priced at $4024.80 per ounce. -
Trump: Inspectors Will Be Allowed to Enter Iran's Uranium Storage Sites
On June 24, according to Fox News, U.S. President Trump stated that inspectors will be allowed to enter Iran's uranium storage sites. -
Qualcomm to Acquire AI Chip Startup Modular
On June 24, Qualcomm announced its plan to acquire the AI chip startup Modular. -
Hong Kong SFC: Total Assets Managed by Hong Kong Funds Reach HKD 2.3 Trillion
On June 24, the Hong Kong Securities and Futures Commission (SFC) released a report indicating significant growth in the investment funds, digital assets, and stock markets over the past year, reinforcing Hong Kong's position as a leading international financial center. In asset and wealth management, the total assets managed by funds registered in Hong Kong grew by 19.4% in the past year, reaching HKD 2.3 trillion. The SFC recognized ETFs and leveraged and inverse products have also seen rapid growth. As of March 31, 2026, the average daily trading volume of ETFs and leveraged and inverse products reached HKD 38.1 billion in the past year, a year-on-year increase of 50.6%; the total market value of these products grew by 25.2% year-on-year, reaching HKD 651.2 billion. Notably, the market value of single-stock leveraged and inverse products increased sixty-fold within the past year. -
U.S. Department of Justice Seizes Account Linked to Billions in Money Laundering
The U.S. Department of Justice has announced the seizure of an account that provided backend infrastructure for a subsidiary of Cambodia's Huione Group. Prosecutors stated that the account assisted in operating the Telegram marketplace Huione Guarantee, which facilitates theft data, money laundering services, and tools for scam operations in Southeast Asia. Additionally, on the same day, FinCEN took action to extend the existing ban on Huione to its successor entity H-Pay Service PLC, to prevent the group from evading U.S. restrictions. According to court documents, the custodial services operated by the account also aided criminals, including money launderers, in cryptocurrency transactions. The case is currently under investigation by the FBI's San Francisco office and IRS Criminal Investigation.
Daily Must-Read
-
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
-
Goldman Sachs makes a heavy judgment: AI supply chain boom spillover, MLCC opens a new cycle of ultra long quantity price until 2030
All Comments