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On September 18th, Goldman Sachs raised its expectations for SenseTime (00020.HK)s ToC business expansion, predicting the company will begin monetizing through monthly or annual subscription fees after offering new users a free trial. SenseTime has expanded beyond productivity tools to include ToC generative AI applications, including Raccoon Office AI and Kapi Accounting AI. These applications leverage deep analytical capabilities powered by SenseNovas foundational models to address AI-native issues. At the same time, the company offers AI industry solutions for high-demand scenarios, covering market analysis, sales analysis, product development, and enterprise management. This model differentiates it from other AI applications. The bank maintained its "buy" rating on SenseTime, raising its target price from HK$2.72 to HK$3.09. It also lowered its net loss forecasts for 2026 and 2027 to RMB 964 million and RMB 198 million, respectively, and raised its profit forecasts for 2028, 2029, 2030, and 3%, respectively.CITIC Telecom International (01883.HK) will resume trading from 1:00 p.m. today.On September 18th, JPMorgan Asset Management strategist Kerry Craig stated that a US interest rate cut could support emerging market assets, noting that the Federal Reserves 25 basis point rate cut was in line with market expectations. The strategist believes that lower interest rates could mean a weaker US dollar, which could boost the performance of emerging market equities and local currency debt. He added that the reduced risk of a US recession also means that credit markets will continue to be well supported.Bank of China (Hong Kong): Starting from September 22, the Hong Kong dollar prime rate will be adjusted from 5.25% to 5.125%, and the savings deposit rate will be adjusted from 0.25% to 0.125%.The yield on 30-year Japanese government bonds fell 2 basis points to 3.190%.

Musk Says Twitter Impersonators Will Be Banned Forever

Charlie Brooks

Nov 07, 2022 14:05

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On Sunday, Elon Musk said that Twitter users who impersonate without explicitly identifying the account as a "parody" account would be permanently removed without notice.


Musk added in a subsequent tweet that Twitter traditionally warned before suspension, but now that Twitter is introducing mass verification, there would be no notice and "no exceptions."


Musk said any name change would temporarily remove the confirmed checkmark.


Twitter upgraded its app on the Apple (NASDAQ:AAPL) App Store on Saturday to charge $8 for blue check verification marks in Elon Musk's first significant social media update.


Last month, Musk, who will also run Twitter, established a "vastly diverse views" content moderation panel.


"No substantial content or account reinstatements will be made before this council convenes," he continued.


Twitter will not restore banned accounts until it has a "clear methodology," Musk said last week.


Musk stated that such a process would take at least a few weeks, clarifying the probable return of Twitter's most notorious banned user, former U.S. President Trump. The updated itinerary means Trump will not return before the November 8 midterm elections.


The New York Times reported earlier on Sunday that Twitter is withholding verification check marks for new subscribers until after Tuesday's congressional elections.

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