1.Olympic Games may bring billions of euros to Paris (Xinhua)

The Paris Olympic Games this summer are expected to bring more than 10 billion euros to the economy of the Paris region, according to a study released on the 14. Researchers at the independent French Centre for Law and Economics of Sport estimated the Games would bring between 6.7 billion and 11.1 billion euros to the Paris region after taking into account the construction, tourism and organizing of the events themselves, Agence France-Presse reported. The researchers said the overall impact of Paris hosting the Games spanned more than a decade, starting in 2018 when preparations began and ending at the end of the "legacy period" in 2034.

2.Nvidia CEO Jen-Hsun Huang's total compensation for fiscal year 2024 was $34.2 million, up 60% year on year (CFP)

Nvidia's new agency documents show that the company's CEO Jen-Hsun Huang's total compensation for fiscal year 2024 was $34.2 million, an increase of 60% from the previous year. His compensation includes $26.7 million in stock awards, $4 million in cash bonuses and $2.5 million in other expenses, including residential security, car and driver expenses.

3.The Australian government will invest A $22.7 billion over the next 10 years to support the renewable energy industry (Interface News)

Treasurer Jim Chalmers delivered the Albanese government's third federal Budget on 14 May. The budget includes A A $22.7 billion ($15 billion) "Made in Australia Future" plan over the next 10 years, which aims to attract investment in key industries and turn Australia into a renewable energy superpower. The government's investments include A $1 billion in dedicated subsidies, grants and other forms of support to boost solar panel production in Australia; A $940 million bet on Silicon Valley startup PsiQuantum to build a commercial quantum computer in Brisbane.

4.Amazon AWS plans to invest 7.8 billion euros to build AWS European Sovereign Cloud (interface News)

On May 15, Amazon Web Services (AWS) announced plans to invest €7.8 billion in the AWS European Sovereign Cloud in Germany by 2040. By 2040, AWS's planned investments will contribute €17.2 billion to Germany's gross domestic product (GDP) and support an average of 2,800 full-time jobs per year in local German businesses. These jobs include construction, facility maintenance, engineering, telecommunications, and other jobs in the local economy and are part of the AWS data center supply chain.

5.Apple launches eye-tracking feature on iPhone and iPad that can be controlled by the eye (Red Star Capital Board)

On May 16, according to the official website of Apple China: Cupertino announced that it will launch new assistive features later this year, including eye tracking, which can help disabled users use ipads or iphones through eye movement. Eye tracking works in both iPadOS and iOS apps and requires no additional hardware or accessories. With eye tracking, users can navigate through elements of the app and use stay controls to activate each element, accessing other features such as physical buttons, swipes, and other gestures only with their eyes。

Look back at home

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1.Li Jiaqi said this year's 618 promotion is difficult: but I like to push myself (IT home)

According to reports, at the 2024 United States ONE 618 media conference, United States ONE partner Li Jiaqi delivered a speech. Li Jiaqi said, "We have ushered in this year's 618 promotion, is it difficult? I think it is difficult, but I like to find a breakthrough point in the difficult, to push myself in the difficult, and to see what we can bring to the user."

2.Baidu: Considering possible cooperation opportunities with Tesla on robotaxis (36KR)

Xu Baoqiang, general manager of Baidu's autonomous driving technology department, said that for Tesla's Robotaxi (shared taxi) to be launched, Baidu will consider possible cooperation opportunities based on Tesla's specific application model and the pace of entering the Chinese market. Musk recently posted on the social media platform X that Tesla plans to launch a self-driving taxi (robotaxi) on August 8, 2024. Tesla has previously said the next generation of its vehicle platform will include cheaper cars and fully autonomous taxis. On April 29, a source said that Tesla will use the advanced assisted driving map (high auxiliary map) provided by Baidu Map for the Chinese version of FSD (Full-SelfDriving, fully automatic driving).

3.Bytedance released a large model of Doubao, saying that the main model is 99.3% lower than the industry price (China Youth Net)

On May 15, the Bytedance bean bag model was officially released at the Volcano Engine Prime Power Conference. According to Tan Bei, president of Volcano Engine, the Doubao model currently processes 120 billion token texts per day and generates 30 million pictures. Tan said that the pricing of the main model of Doubao in the enterprise market is only 0.0008 yuan / 1,000 Tokens, and 0.8 percent can handle more than 1,500 Chinese characters, which is 99.3% cheaper than the industry. The large model from cents to cents will help enterprises accelerate business innovation at a lower cost.

4.Ali International Station: Since April, the number of new merchants in Yiwu increased by 77.5% (financial sector)

With the launch of Ali International Station AI foreign trade tools and semi-managed services, Yiwu merchants are rapidly pouring into Ali International Station. Data show that since April 2024, the number of new merchants on the international website in Yiwu has increased by 77.5% year on year. At the 2024 Cross-border Zhejiang Business Conference held on May 16, Zhejiang Provincial Department of Commerce, Yiwu Municipal Government and Ali International Station released the "Vitality Zhejiang Business Overseas Efficiency Preservation Plan". To provide Zhejiang merchants, including Yiwu merchants, with a definite business opportunity protection, transaction efficiency improvement, talent transfer and other service systems to support them to further expand digital foreign trade.

5.Airwallex accelerates Middle East Market layout (Chinanews.com)

Jack Zhang, co-founder and CEO of Airwallex, recently presented further details of Airwallex's foray into the Middle East market at the Dubai Fintech Summit. Zhang said the company expects to receive a payment license in the United Arab Emirates in six to 12 months, and a payment license in Saudi Arabia is expected to be approved in six to 12 months. Jack Zhang revealed that Airwallex is in the process of raising funds with several Middle Eastern sovereign wealth funds, including the ABU Dhabi Investment Authority (ADIA), Mubadala Investment Company and the Saudi Public Investment Fund (PIF).