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On September 10th, Xiaomi Technology announced that the Xiaomi-Robotics-U0 embodied world model training framework and model weights have been fully open-sourced. This open-source release provides Xiaomi-Robotics-U0 model weights in 4B and 34B sizes, supporting various tasks such as embodied scene generation, embodied scene editing, single image generation, image editing, video generation, and image-text interleaved sequence generation, along with a corresponding training and inference framework, targeting research in world models, embodied intelligence, and robotics applications. We hope that by opening up the model and code, we can lower the technical threshold and accelerate the exploration and implementation of world model technology in real-world robotic scenarios.On September 10th, Novartis (NVS.N) major shareholders called for a board reshuffle to improve corporate governance. This followed a record drop in the companys stock price this week due to setbacks in consecutive trials. Major shareholder David Samra stated, "The past chairmen have been disappointing in their acquisitions, and the company needs to change the way it oversees transactions." He also urged Novartis Chairman Giovanni Caforio to take action. Samra said, "I think he needs to make changes at the board level. One of these changes should be improving the teams responsible for these transactions, because clearly their performance has been mediocre at best." On Tuesday, Novartiss $12 billion acquisition of an American company, Avidity, for a muscular dystrophy drug failed in late-stage research, causing the companys stock price to plummet by more than 10%, wiping out nearly $30 billion in market capitalization. This followed disappointing results for the heart drug pelacarsen the previous day.On September 10th, Antminer announced the release of three models: LingBot-World 2.0 Small (1.3B), LingBot-World 2.0 Bidirectional, and LingBot-World 2.0 Causal Pretrain. The newly released LingBot-World 2.0 Small uses a 1.3B parameter scale and is designed for consumer-grade single-GPU systems, enabling real-time generation on a single GPU.September 10 – The Hong Kong Monetary Authority, Hong Kong Exchanges and Clearing Limited, Dubai Financial Services Authority, and Nasdaq Dubai jointly announced today (September 10) the formation of a strategic working group to strengthen the links between the financial markets of Hong Kong and the Dubai International Financial Centre. The working group, comprised of regulators and exchanges from Hong Kong and the Dubai International Financial Centre, aims to explore opportunities and collaborative measures in areas such as sustainable finance, Islamic finance, innovation, and the development and connectivity of overall capital markets, contributing to the continued growth and enhanced attractiveness of both markets.On September 10th, Li Xiang, CEO of Li Auto, announced that the Mach VLA 2.0 will be rolled out to AD Max vehicles that have already been delivered, covering nearly one million car owners.

According to a spokeswoman, RBC cuts ten investment banking jobs in the US

Skylar Williams

Sep 30, 2022 10:55

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According to an email sent by a bank official on Thursday, Royal Bank of Canada (RBC) cut approximately ten positions last week in its U.S. investment banking office.


According to a spokesman for the U.S. capital markets division, the layoffs, which account for 1% of its U.S. investment banking business, were consistent with "normal attrition."


The capital markets division of Canada's largest bank, RBC, reported a 58% decrease in net income to C$479 million ($350 million) in the third quarter, mostly owing to loan underwriting markdowns of C$385 million in the United States.


RBC's U.S. business consists of retail banking, capital markets, wealth management, treasury services, and wealth management.


Bank of Montreal has also laid off personnel from its U.S. capital markets division, a spokeswoman for the bank said earlier this month, without providing any details.


Rising interest rates in the United States. The efforts of the United States The actions taken by the U.S. Federal Reserve to rein in out-of-control inflation have rocked the global financial markets, depressing the appetite of corporations for mergers and making them apprehensive of stock and debt offers.


Goldman Sachs Group Inc (NYSE:GS) warned in July that it may limit employment and slash spending if the economic outlook worsened.

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