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August 31 - According to TrendForces latest panel industry research, although memory supply shortages and tight prices have exacerbated cost pressures on the smartphone supply chain and affected smartphone brands 2026 shipment plans, the second-hand and repair markets remain supportive, helping smartphone panel demand perform better than expected. Global shipments in 2026 are estimated at approximately 2.25 billion units, with the year-on-year decline narrowing to 2.5% compared to previous estimates.On August 31, the General Office of the Ministry of Industry and Information Technology issued a notice on launching a special action to cultivate artificial intelligence application service providers. The notice supports service providers in strengthening connections with national computing power network hub nodes, national computing power interconnection nodes, and the China Computing Power Platform, making good use of policy tools such as "computing power vouchers" to reduce computing power costs. It also encourages the optimization of intelligent programming tools and improvement of software supply capabilities. Leveraging the achievements in scenarios, data, models, and intelligent agents formed through initiatives such as "Analog-Digital Resonance" and "Industrial Data Foundation Building," the notice provides service providers with access to APIs or trial channels. It encourages universities and vocational colleges to jointly build training bases with leading service providers to cultivate a large number of compound application talents who "understand business, are proficient in models, know security, and can deliver." Finally, it encourages service providers to build frontline deployment engineer (FDE) teams to be based at user sites and ensure the implementation of scenarios.On August 31, the General Office of the Ministry of Industry and Information Technology issued a notice on launching a special action to cultivate artificial intelligence application service providers. The notice calls for opening up a number of real-world scenarios, actively introducing service providers to implement these solutions, promoting their technological research and development and成果转化 (technology transfer), creating benchmark solutions, and generating a ripple effect. It also encourages exploring models such as first-purchase/first-use and risk compensation to increase the procurement of services such as large-scale models, intelligent agents, and tokens, thereby improving the efficiency and effectiveness of industry application of models and intelligence. Regions with suitable conditions are encouraged to establish and improve comprehensive service systems for "going global," leveraging cooperation mechanisms such as the Belt and Road Initiative, BRICS, and China-ASEAN cooperation to promote the overseas implementation of high-quality artificial intelligence application projects.August 31st - According to TrendForce data, the average spot price of DDR5 16Gb (2Gx8) 4800/5600 memory chips decreased by 0.03% compared to the previous day, the average spot price of DDR4 16Gb (2Gx8) 3200 increased by 0.53% compared to the previous day, and the average spot price of DDR4 8Gb (1Gx8) 3200 increased by 0.40% compared to the previous day.On August 31, the head of the global financial stability regulator warned that the cybersecurity threat posed by cutting-edge artificial intelligence models is exacerbating the risk of market collapse and called for more countries to regulate the technology. Andrew Bailey, Governor of the Bank of England and Chairman of the Financial Stability Board (FSB), stated in a letter to G20 finance ministers and central bank governors that financial services companies and technology groups must prepare for "a scenario where multiple companies or those sharing technological dependencies are simultaneously subjected to more severe disruption." This letter highlights the growing concern among regulators responsible for maintaining the stability of the global financial system about the risks posed by AI-driven cyberattacks. Bailey stated that AI cyber risks are exacerbating existing vulnerabilities in the financial system, including energy-driven inflationary pressures, rising interest rates, increased investor leverage, and high stock valuations. Bailey urged more countries to take "appropriate measures" to regulate the release of new, cutting-edge AI models. He appears to be attempting to persuade the United States to reconsider its relatively lenient stance on regulating this new technology. Trump recently signed an executive order, but it did not grant the government the power to block the release of AI models.

The Australian Authority Suspends Orders For Two Permanent Investment Funds

Charlie Brooks

Nov 25, 2022 14:27

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Friday, the Australian securities regulator ordered a unit of asset management firm Perpetual Ltd to temporarily halt promoting or delivering two products to individual investors due to elevated market risks.


Perpetual is aiming to conclude a deal with EQT-owned Barings Private Equity Asia (BPEA) and Regal Partners, while being compelled by the court to launch its own takeover proposal for rival Pendal Group.


The Australian Securities & Investments Commission (ASIC) has ordered Perpetual Investment Management's Perpetual Pure Microcap Fund and Perpetual Geared Australian Share Fund to halt distributing interest and giving advice to retail investors for 21 days.


According to the regulator, the portfolios of the funds are exposed to extreme market volatility and carry substantial risks, increasing the potential that investors would sustain enormous losses.


"ASIC issued the interim measures to protect retail investors from engaging in funds that may not be appropriate for their financial objectives, circumstances, or needs," the regulator noted.


"The Australian Securities and Investments Commission is concerned that Perpetual did not appropriately consider these features and risks when choosing the wide target markets for the products."


The government expects Perpetual to take "immediate measures" to ensure compliance.


Reuters requested a response from Perpetual but did not receive a prompt reply.