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On September 9th, Ant Financial announced the official release and open-sourcing of Ling-3.0-flash-VL, the first native multimodal large-scale model in the Bailing series. The model is based on the MoE architecture of Ling-3.0-flash, with a total of 124B parameters and 5.5B parameters activated per inference. It natively supports image, text, and video input, and the context window reaches 256K tokens. Focusing on "how to complete real-world tasks more reliably and efficiently," Ling-3.0-flash-VL explores three key directions: Adding visual capabilities to large models is a common concern that it might lower text intelligence. Our training practices have yielded the opposite conclusion: native multimodal joint training not only expands application boundaries but also enhances text intelligence. Ling-3.0-flash-VL introduces a visual feedback mechanism—observing execution results, comparing with targets, identifying deviations, and continuously correcting—transforming the task from a one-time "generation" into a closed loop of "observation → action → verification → correction," making the execution results more reliable. Ling-3.0-flash-VL inherits the core advantage of Ling-3.0-flash as a high-efficiency execution node in the Agent workflow, balancing output quality and execution efficiency in the visual feedback loop, and advancing the complete task at a lower cost and in a shorter time.A senior executive at the UAE National Oil Company said that since the outbreak of the war with Iran, cargo insurance costs have now reached 5-6% of the value of the goods.September 9th - To further improve the management mechanism for narcotic and psychotropic drugs in medical institutions, ensure reasonable clinical needs, and prevent them from flowing into illegal channels, the National Health Commission, together with the State Administration of Traditional Chinese Medicine, the National Center for Disease Control and Prevention, and the Logistics Support Department of the Central Military Commission, has revised the "Regulations on the Management of Narcotic Drugs and Class I Psychotropic Drugs in Medical Institutions" issued in 2005, and formulated the "Regulations on the Management of Narcotic Drugs and Psychotropic Drugs in Medical Institutions," which will be implemented on October 1, 2026.On September 9th, Calcio released the AGILE 2.0 integrated sensing and control model. This model adopts an end-to-end vision solution, further integrating environmental perception, terrain understanding, full-body motion control, and operation. According to Calcio, the Lingxi X2 robot equipped with this model has completed dynamic tasks such as walking on a ball, jumping long rope, and collaborative box moving, which are used to verify the robots ability to perceive the environment in real time and adjust its actions during movement.On September 9th, BlackRock strategists stated in a research report that the impact of Japans interest rate reset has transcended its borders as capital competition intensifies. The strategists believe a feedback loop exists in the bond market: "Rising US interest rates could weaken the yen and pressure the Bank of Japan to act more quickly; conversely, rising Japanese interest rates could attract more capital repatriation, reducing demand for US Treasuries and thus pushing up US borrowing costs." They pointed out that decades of ultra-low domestic yields in Japan have made the country a major capital exporter, currently holding approximately $1.1 trillion in US Treasuries. If Japanese investors were to repatriate 5% of their funds, it would amount to $55 billion, roughly a quarter of the total increase in US Treasuries held by foreign investors last year.

Ahead of preliminary US S&P PMI data, the XAU/USD remains sideways below $2,000, according to our Gold Price Forecast

Alina Haynes

Apr 20, 2023 13:49

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In the early European session, the Gold price (XAU / USD) is exhibiting erratic movements near $1,994.00. The precious metal is in a state of indecision as investors await the release of preliminary S&P PMI data for the United States on Friday.

 

After violent swings influenced by the Federal Reserve's (Fed) Beige Book, the US Dollar Index (DXY) is showing signs of volatility contraction below 102.00. The declining trend of advances to consumer and business loans by U.S. commercial banks has intensified concerns of a recession in the U.S. economy, despite the fact that economic activity in 12 Fed districts remained virtually unchanged. To prevent a decline in asset quality, banks have tightened credit disbursement requirements.

 

In the meantime, S&P futures have recorded sizeable losses during the Asian session, as investors are wary of firms' comments regarding revenue guidance. The market anticipates that constrained credit conditions will impact the working capital management of cash-reliant companies, thereby affecting their output.

 

The market expects preliminary US S&P PMI data to reveal a Manufacturing PMI reading of 49.0, a decrease from the previous reading of 49.9. The Services PMI is anticipated to decrease to 51.5 from 52.6 previously reported.