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``` Global stock markets have repeatedly hit new highs fueled by the AI surge, but the fuel underpinning this rally is becoming increasingly risky—from the US to South Korea, margin balances and leveraged ETF sizes have reached historic extremes. The procyclical nature of leverage is multiplying the tail risks of

``` South Korea’s two major tech conglomerates unveiled unprecedented domestic investment plans on the same day, signaling a new phase in the global competition in AI and semiconductor industries. On June 29, Samsung Group and SK Group presented their investment blueprints at the “Republic of Korea Grand Leap Three Super

``` The competition in embodied intelligence is entering a new stage. With Unitree Technology launching the WVLA2.0 embodied large model and completing a live demonstration without remote control, the industry is becoming increasingly aware that the core barrier in this race is not simply dependent on model size, but rather

``` Apple's pursuit of purchasing products from Changxin Memory Technology is reshaping the market's perception of this DRAM manufacturer. Citi believes that regardless of whether it ultimately receives approval from the U.S. government, Apple's move itself is a strong endorsement of Changxin's

``` The global expansion of AI infrastructure is facing direct impacts from climate risks. Insurance companies’ underwriting loss data and risk assessments from climate research institutions show that extreme weather has evolved into a systemic threat for the AI data center industry, forcing insurers to reprice and operators to redesign. According

``` Author | Wang Xiaojuan At a recent Meituan shareholders’ meeting, Meituan CEO Wang Xing clearly outlined the company's next-phase AI development strategy. Wang Xing stated that Meituan will consider its cash flow situation and will not blindly invest beyond its capital capabilities. He emphasized that AI is a proactive

``` Two deadly earthquakes have impacted Venezuela’s energy system, with the country’s largest refinery forced to suspend operations due to a power outage, casting a shadow over the outlook for domestic fuel supply. According to CCTV News, on the 28th local time, Jorge Rodríguez, Chairman of Venezuela’s National