Hello Aribati, I haven't seen you for a week, and I miss you!

With the rapid development of technology and the increasingly active financial markets, this week's industry news is full of interesting news and developments. From fintech innovation to the market economy, this week's newsletter will bring you updated and more comprehensive business technology information. Let's explore this dynamic field together, touch the frontiers of business technology, and gain insight into the future of business.

Look abroad

underfoot

1.2023 Global Top 10 semiconductor manufacturers: Intel returns to the top one, Nvidia enters the top five for the first time (Chipwise)

Recently, the US market research institute Gartner released a list of the world's top 10 semiconductor manufacturers in 2023. Intel revenue surpassed Samsung, returning to the semiconductor leader position for the first time in nearly three years, and Nvidia benefited from surging demand for AI chips, breaking into the global top five for the first time.

2.Meta Meta Universe lost nearly $50 billion, Will continue to invest in the next decade (IT House)

On January 17, despite the massive loss of the meta-Universe project of nearly $50 billion, Meta continues to invest heavily in the field, and said that the company will remain committed to this forward-looking layout for at least a decade. Since 2019, the Reality Labs division, which includes the Meta VR and metaverse businesses, has lost a cumulative $47 billion.

3.IMF Chief: AI will affect about 40% of global jobs (24/7 technology)

On January 15, according to media reports, Kristalina Georgieva, Managing director of the International Monetary Fund (IMF), said ina blog post that artificial intelligence will affect about 40 percent of jobs worldwide, and that advanced economies face greater risks from artificial intelligence compared to emerging market and developing economies. But there are also more opportunities to take advantage of the benefits of AI.

Georgieva's analysis points out that in advanced economies, about 60 percent of jobs could be affected by AI. The effects are equally positive and negative: about half of all jobs could benefit from AI technology, resulting in increased productivity; The other half could be replaced by AI, reducing companies' demand for labor, leading to lower wages and fewer hires. In the most extreme cases, some of these jobs could disappear. In contrast, in emerging markets and low-income countries, the proportion of jobs affected by AI is expected to be 40% and 26%, respectively.

5.Tesla Robot Folds clothes in a preset demonstration (cnBeta)

On January 16, Elon Musk shared a photo of Optimus, Tesla's humanoid robot, folding a T-shirt on a table at a research facility. Musk shared some follow-up information shortly after sharing the video. First of all, humans can fold shirts faster than that. Second, Optimus does not act autonomously, but rather performs tasks through prescribed actions. Musk said that Tesla's final product will definitely be able to do this task completely autonomously, rather than being highly constrained by humans like this demonstration.

Look back at home

Ride the waves to lead

1.Chinese cross-border e-commerce App users soar in South Korea (Een.com)

Recent data show that last month, the two major Chinese cross-border e-commerce active users in South Korea have reached more than 7 million and more than 4 million, at least doubled in just one year, almost every five South Koreans in the use of Chinese cross-border e-commerce App. The key to the popularity of China's e-commerce App lies in the improvement of the competitiveness of Chinese products and the narrowing of the technology gap between China and South Korea. It is expected that with the development of e-commerce platforms this year, the number of South Korean goods from China's overseas shopping is expected to surge more than 60% compared with last year.

2.Byd will officially enter the Indonesian market (Caixin)

Following the delivery of commercial buses in Indonesia, BYD will launch electric vehicle products in the country on January 18, officially entering the local passenger car market. Byd said it will be active in Indonesia's passenger car market and confirmed Indonesia as part of BYD's long-term global business expansion. Airlangga Hartarto, Indonesia's coordinating minister for economic affairs, said BYD would invest $1.3 billion to build a plant in Indonesia with a capacity of 150,000 vehicles.

3.Baidu sets up Zhaopin Technology company in Shanghai

Recently, Baidu Zhilian Technology (Shanghai) Co., Ltd. was established, the legal representative is Nie Yuren, the registered capital of 20 million yuan, the business scope includes artificial intelligence basic software development, artificial intelligence application software development, information system integration services, integrated circuit design, new energy vehicle sales, charging pile sales, etc. It is wholly owned by Baidu (China) Limited.

4.Bytedance internal email exposure, performance and incentive policy changes (Ifeng.com)

On January 18, ByteDance released an email to all employees, updating their performance and incentive policies. The main changes are: speed up the pace of option vesting, increase incentives, so that employees with good performance can get better returns.