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On August 14th, Guangzhous Haizhu District released "Eight Measures for Word Element Development." The policy extends from word element production efficiency, service aggregation, and distribution centers to application scenarios, OPC cultivation, industry upgrading, financial services, and overseas expansion, essentially covering the main stages of word element production—circulation—consumption—value-added. On the word element production side, large model companies are encouraged to improve word element production efficiency per unit chip through technological optimization. Eligible companies will receive support of up to 50% of their actual investment, with a maximum of 1.5 million yuan per company per year. On the industry platform side, companies are supported in developing heterogeneous computing power word element packaging, multimodal model aggregation access, and one-stop settlement services, with eligible companies receiving up to 4 million yuan in support. Support is also provided for building a word element access center that supports cross-model, cross-modal, and multi-heterogeneous platform access, with a maximum support of 4 million yuan.SanDisk (SNDK.O) rose 4.6% in pre-market trading in the U.S.Market news: The UK Parliaments Standard Inquiry into Reform Party leader Nigel Farage is now listed as "active" on the Parliament website, previously showing as "suspended".Applied Materials (AMAT.O) shares fell 5% in pre-market trading on the U.S. stock market.The UKs Office for Maritime Trade Operations reported that an oil tanker was attacked by a drone while transiting the Strait of Hormuz on Thursday. The ship sustained minor damage, the crew is safe and all have been confirmed, and no environmental impact has been reported.

New FTX chief says bankrupt crypto exchange could restart

Skylar Shaw

Jan 20, 2023 11:43

According to Chief Executive Officer John Ray, the bankrupt cryptocurrency exchange FTX is considering ways to resurrect its operations. He made the announcement to the Wall Street Journal on Thursday.


According to Ray, who took over the company's leadership in November, a task group has been established to look at reviving FTX.com, the organization's primary international exchange.


The CEO also said in an interview with the Journal that he would research if resurrecting FTX's international exchange would generate more value for the company's clients than his team could get by simply selling the platform or liquidating its assets.


Following the news, FTT, the native token of FTX, increased by around 30%.


I'm relieved Mr. Ray is now only pledging to restart the exchange after months of blocking such attempts! Sam Bankman-Fried, the founder and former CEO of FTX, said in a tweet.


Bankman-Fried said, "I'm still waiting for him to eventually acknowledge FTX US is solvent and return clients' money.


An inquiry for comment from Reuters was not immediately answered by an attorney representing FTX.


Bankman-Fried is accused of robbing the exchange's users of billions of dollars to settle debts accrued by his cryptocurrency-focused hedge fund, Alameda Research. He's denied the allegations of fraud.


Customer money' future, however, is still unknown. In a note to creditors earlier this week, FTX said that since declaring bankruptcy in November, hackers had stolen nearly $415 million in cryptocurrency from its worldwide and American exchanges.


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