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Tang Wenkan, Director of the Shanghai Municipal Commission of Economy and Information Technology: The Pudong Zhangjiang sub-venue of this year's World Artificial Intelligence Conference focuses on showcasing AI chips and core products.
According to Mars Finance, at 10:00 AM today, the Shanghai Municipal Government held a press conference. Tang Wenkan, Director of the Shanghai Municipal Commission of Economy and Informatization, stated that the World Artificial Intelligence Conference has been successfully held for eight consecutive years, with over 8,000 top AI experts and industry leaders participating and more than 3,000 leading domestic and international companies exhibiting, leading the global AI trend. This year's conference will be held across the city, concentrated in four pavilions across three locations: Pudong Expo Center, Zhangjiang, and Xuhui West Bund. The Pudong Expo Center will primarily host the main forum and over 100 industry forums; the Expo Exhibition Center will mainly handle exhibitions; the Xuhui West Bund sub-venue will focus on smart terminals and "AI + entertainment" experiences; and the Pudong Zhangjiang sub-venue will focus on showcasing AI chips and cutting-edge products. (Cailian Press)
Apple invests over $30 billion to deepen its partnership with Broadcom and expand its domestic chip manufacturing operations in the United States.
According to ChainCatcher, citing CNBC, Apple announced on Wednesday a multi-year partnership with chipmaker Broadcom, expected to exceed $30 billion. This is Apple's largest commitment to U.S.-made manufacturing to date. Under the agreement, Broadcom will continue to develop and supply customized ASIC chips (increasingly used in AI workloads) and wireless components for cellular networks, Wi-Fi, and Bluetooth connectivity for multiple generations of Apple products until 2031. The report indicates that the partnership is expected to facilitate the production of more than 15 billion U.S.-made chips and includes a $1.5 billion expansion of Broadcom's Fort Collins, Colorado factory. Outgoing Apple CEO Tim Cook stated that this move is the largest single project in Apple's $600 billion U.S. investment plan announced in 2025, aimed at responding to the Trump administration's call to promote domestic manufacturing and helping to establish an end-to-end silicon supply chain in the United States.
Ethereum Institutional has launched a core team recruitment drive, focusing on institutional market development and technical positions.
According to Foresight News , Ethereum Institutional, a non-profit organization focused on Ethereum, is hiring to build its core team. The hiring focus in the coming weeks will be on technical roles such as General Market Development (GTM) in major financial centers, marketing and community engagement, and solutions architecture and technical project leadership. According to a previous report by Foresight News , Ethereum Institutional was officially established on July 1, positioned as an institutional-level unified entry point for the Ethereum ecosystem.
Large-scale model stocks in Hong Kong extended their gains, with MINIMAX and Zhipu rising over 16%.
Mars Finance reported on July 8th that MINIMAX-W (00100.HK) rose 17%, and Zhipu (02513.HK) rose 16%. In terms of news, Zhipu, a leading Hong Kong-listed large-scale model manufacturer, saw its first share lock-up period expire today, with several core institutional investors clearly choosing to continue their investment. (Science and Technology Treasure Broadcast)
The Hang Seng Index rose more than 3%, with chip and tech stocks performing strongly.
According to ChainCatcher, Gate market data shows that the Hang Seng Index rose by more than 3%, with chip and technology stocks leading the gains and showing strong performance.
US pre-market news highlights: EDA giants focus on AI chip design; SpaceX officially included in the Nasdaq 100 index; Analysts say AI computing power demand is far from peaking.
Mars Finance reports the following key financial news from the US stock market that investors should pay attention to: 1. US stock index futures showed mixed results. Dow Jones futures rose 0.29%, S&P 500 futures fell 0.15%, and Nasdaq 100 futures fell 0.94%. 2. International oil prices rose slightly. WTI crude oil futures rose 0.61% to $68.967 per barrel; Brent crude oil futures rose 0.74% to $72.526 per barrel. 3. International gold and silver spot prices fluctuated narrowly. Spot gold rose 0.03% to $4166.01 per ounce; spot silver fell 0.64% to $61.62 per ounce. 4. European stock indices all fell. The UK FTSE 100 rose 0.47%, the French CAC 40 rose 0.20%, and the German DAX 30 fell 0.63%. 5. EDA giant Synopsys informed more than 10 chip manufacturers, including Samsung Electronics and SK Hynix, in April and May that it would "suspend" some of its wafer fab manufacturing analysis software, shifting resources to the more profitable AI chip design business. 6. SpaceX, owned by Elon Musk, was officially included in the Nasdaq 100 index today, becoming the first company in the index with a space business at its core. JPMorgan Chase estimates its weight in the index at approximately 1.3%. Wall Street generally gave it an "initial bullish" rating, with a target price as high as $800. 7. Google invested over €400 million in Proxima Fusion, a European nuclear fusion "unicorn" company, with the aim of building a commercial fusion power plant by the 2030s. 8. Anthropic announced a 20-year AI data center lease agreement with AI data center operator TeraWulf. The project has a capacity of approximately 401 megawatts and is expected to be operational in the second half of 2027, reaching full capacity in early 2028. 9. A recent report from semiconductor research firm SemiAnalysis indicates that AI computing power demand is far from peaking. The firm predicts that Meta computing power procurement will accelerate, and capital expenditure may increase significantly next year. 10. Walmart and its Sam's Club announced price reductions on thousands of popular summer items and everyday essentials across the United States. 11. Microsoft raised its Microsoft 365 Enterprise subscription fee earlier this month, with increases ranging from 8% to 33%. Personal and Education versions are currently unaffected. (Cailian Press)