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On September 18th, the Beijing Municipal Bureau of Economy and Information Technology and the Beijing Municipal Development and Reform Commission jointly issued the "Action Plan for Accelerating the Development of the Meta-economy in Beijing (2026-2028)." The plan includes the creation of a meta-economy distribution platform. It supports software and information service companies in building world-class meta-economy distribution platforms, enhancing cross-model, cross-modal, and cross-regional platform access capabilities, and providing developers with unified interfaces, model aggregation, meta-economy measurement, and settlement services. The plan also aims to accelerate the cultivation of leading enterprises with significant industry-leading and clustering effects and strong upstream and downstream radiation and driving force. Furthermore, it promotes the inclusion of meta-economy distribution platforms in the new infrastructure layout, forming an efficient service portal for the intelligent economy.On September 18th, the Beijing Municipal Bureau of Economy and Information Technology and the Beijing Municipal Development and Reform Commission jointly issued the "Action Plan for Accelerating the Development of the Meta-economy in Beijing (2026-2028)". The plan supports software and information service companies in collaborating with third-party evaluation agencies to explore the construction of a meta-economy testing platform. This platform will facilitate a sustainable operating model through value-added services such as intelligent model routing and evaluation consulting. The plan also aims to establish objective and impartial performance and quality evaluation standards for meta-economy components, providing a reference for meta-economy pricing and intelligent model routing.On September 18th, the Beijing Municipal Bureau of Economy and Information Technology and the Beijing Municipal Development and Reform Commission jointly issued the "Action Plan for Accelerating the Development of the Word Meta Economy in Beijing (2026-2028)". The plan emphasizes promoting breakthroughs in key core technologies. It calls for accelerating the iteration of basic model technologies to improve the upper limit of model intelligence. It also emphasizes promoting the adaptation and optimization of models and chips, supporting breakthroughs in technologies such as dedicated inference chips, lightweight models, and edge deployment, and building and utilizing intelligent computing resources at a high level to comprehensively improve word meta production capabilities.According to Nikkei: The Bank of Japan may have conducted an interest rate check in the foreign exchange market.On September 18th, Denmark launched the "Green Sands" carbon capture and storage facility in the North Sea, injecting carbon dioxide into seabed reservoirs. As the first large-scale carbon dioxide storage project in the EU, the first phase of "Green Sands" is expected to store 400,000 tons of carbon dioxide annually. INEOS, the leading company in the project, stated on its website that the carbon dioxide will be stored on the seabed below the abandoned Niniwest oil field, approximately 250 kilometers off the west coast of Denmark, at a depth of about 1,800 meters below the seabed. In its first phase of commercial operation, the "Green Sands" project can store up to 400,000 tons of carbon dioxide annually. With increasing demand, the storage capacity is planned to expand to 4 to 8 million tons per year by 2030. It is understood that this carbon dioxide mainly comes from a biomethane plant in Denmark, where it is liquefied and then transported by truck to a dedicated terminal in the port of Esbjerg, from where it is shipped to sea by the EUs first dedicated carbon dioxide transport ship.

As Vacation Demand Rises, Airbnb Is Bullish About Earnings

Aria Thomas

Feb 15, 2023 11:17

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Airbnb Inc on Tuesday anticipated current-quarter revenue above market expectations due to solid travel demand and said it will keep a tight control on expenses to safeguard profits, causing its shares to rise 10% in extended sessions.


The rental company intends to retain last year's margin of 35%, the best since it went public in 2020, despite worries of a recession that have prompted consumer spending concerns.


It was claimed that domestic and short-distance travel remained robust, increasing occupancy rates at major metropolitan sites, and that long-distance and cross-border travel improved during the quarter in question, aided by a stronger dollar and the reopening of borders.


This year, European tourists are planning their summer travels earlier than usual, according to Airbnb.


According to Refinitiv data, the business projected first-quarter sales between $1.75 billion and $1.82 billion, above analysts' average estimate of $1.69 billion.


In addition, it predicted that its average rental prices would decline slightly in the current quarter and continue under pressure through 2023, as tourists return to more affordable urban rentals.


The holiday quarter ending in December saw a 24% increase in revenue to $1.90 billion, which was lower than the previous two quarters but exceeded analysts' average expectation of $1.86 billion.


In the meanwhile, average daily rates decreased by 1% to $153 and bookings increased by 20% to $13.5 billion, falling short of the average analyst forecast of $1.69 billion.


According to Refinitiv statistics, Airbnb recorded a quarterly net profit of $319 million, or 48 cents per share, above projections of 25 cents per share.