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The paradox of the "scaling laws" for large models: The stronger RL (reinforcement learning) becomes, the further AGI (artificial general intelligence) seems?

The paradox of the "scaling laws" for large models: The stronger RL (reinforcement learning) becomes, the further AGI (artificial general intelligence) seems?

In the race towards Artificial General Intelligence (AGI), the currently most sought-after path—Reinforcement Learning (RL)—may be leading us astray. The stronger RL becomes, the further we may actually be from true AGI. On December 24, renowned tech blogger and Dwarkesh Podcast host Dwarkesh Patel released a thought-provoking video,

Precious metals are soaring! Gold at 4500, platinum at 2300, silver at 72—all reaching record highs.

Precious metals are soaring! Gold at 4500, platinum at 2300, silver at 72—all reaching record highs.

Precious metals are still accelerating wildly. Driven by geopolitical risks, ongoing global supply shortages, and strong investment demand, the prices of gold, silver, and platinum have once again surged to all-time highs. The spot price of gold has broken above $4,500 per ounce for the first time in history,

"A Eats Hong Kong" model reemerges: ENN Natural Gas plans to sprint for Hong Kong listing via "privatization + introduction listing"

"A Eats Hong Kong" model reemerges: ENN Natural Gas plans to sprint for Hong Kong listing via "privatization + introduction listing"

``` Recently, China's leading A-share gas company, ENN Group (600803.SH), submitted its listing application to the Hong Kong Stock Exchange. Unlike many other companies, ENN Group's Hong Kong listing is not for fundraising; its core purpose is to privatize its already Hong Kong-listed subsidiary, ENN Energy

Year-end sprint at major quantitative firms

Year-end sprint at major quantitative firms

``` At the end of the year, the asset management market often most easily reveals the true industry logic. When the volatility of indexes comes to a temporary pause, investors start to tally their returns, distribution channels begin to sprint for scale, and fund managers make arrangements for next year'

Japan's finance minister repeatedly emphasizes "discretion," hinting that the US supports intervention in the yen and does not want to see a collapse in Japanese government bonds?

Japan's finance minister repeatedly emphasizes "discretion," hinting that the US supports intervention in the yen and does not want to see a collapse in Japanese government bonds?

Japanese authorities are raising their verbal warnings about the yen's depreciation to unprecedented levels. Finance Minister Katayama Satsuki repeatedly emphasized that Japan has “discretionary power” (free hand) to take “bold actions” against exchange rate fluctuations that deviate from fundamentals. The market has interpreted these tough statements as signs

Capital inflows, issuance volume, and trading volume all hit record highs—ETFs continue to sweep the U.S. market.

Capital inflows, issuance volume, and trading volume all hit record highs—ETFs continue to sweep the U.S. market.

In 2025, the US ETF industry set an unprecedented triple record, with fund inflows, new product launches, and trading volume all reaching historic highs. This trillion-dollar influx of capital is driving the $13 trillion US ETF market into a new stage of development. According to Bloomberg data on Wednesday, US-listed

The U.S. military is deploying additional special operations aircraft and personnel to the Caribbean region, and the crude oil market is "standing by in full readiness."

The U.S. military is deploying additional special operations aircraft and personnel to the Caribbean region, and the crude oil market is "standing by in full readiness."

``` According to reports, the United States has deployed additional special operations forces to the Caribbean Sea in preparation for military action against Venezuela. According to Xinhua News Agency, on the 23rd local time, U.S. media reported that the U.S. has deployed several special operations aircraft to the Caribbean