Andrew Sather of The Investing for Beginners Podcast recently made a point that should reshape how investors think about recession headlines. “When people say there’s a recession, they’re saying it 6 months after it happens. Like, that’s the literal definition of it. You have to wait 6 months,” he said on the episode Back to ... Worried About a Recession? Here’s Why Selling When Economists Call It is Already Too Late

“以金融资本和技术投资替代部分低附加值的人力资本”。 在全球银行业加速押注人工智能（AI）与自动化的大背景下，渣打集团（02888.HK）近日宣布启动新一轮组织重构计划，并提出到2030年前削减企业职能相关职位超过15%，涉及全球近8000个工作岗位。 与以往银行业多在盈利承压期进行裁员不同，此次调整发生在渣打业绩高增长阶段。业内人士认为，AI正从辅助工具升级为银行运营基础设施，推动中后台、运营及标准化岗位加速重塑，AI正在进入银行核心流程，“不仅是提效工具，更开始影响组织结构本身”。 渣打计划全球裁员近8000人 近日，渣打集团在港交所发布“可持续增长计划”，提出将在未来数年进一步优化组织架构、扩大人工智能应用，并提升资本回报水平。其中最受市场关注的是，集团计划到2030年前削减超过15%的企业职能部门岗位，涉及近8000个工作岗位；同时计划于2028年前提高每名员工所创造的收入约20%。 （资料来源：渣打银行公告） 根据规划，渣打目标于2028年实现超过15%的有形股东权益回报率（RoTE），到2030年进一步提升至约18%；同时实现5%至7%的收入复合增长率，以及高两位数的每股盈利复合增长率。 值得注意的是，此次大规模人员调整并非缘于经营压力。相反，渣打当前盈利能力正处于近年来高位。 根据4月30日发布的2026年第一季度业绩，渣打当季经营收入达到59亿美元，按固定汇率计算同比增长9%；税前利润24.5亿美元，同比增长17%；归属于普通股股东利润16.6亿美元，同比增长22%。其中，非利息收入继续成为增长主引擎，财富解决方案业务收入同比增长32%，环球银行业务收入增长19%。 渣打集团行政总裁温拓思（Bill Winters）此前表示，集团正在通过AI与自动化技术重塑内部运营逻辑，其核心目标并非单纯压缩成本，而是“以金融资本和技术投资替代部分低附加值的人力资本”。 根据渣打披露的规划，集团将于2028年前把成本收入比降至约57%，较2025年的63%明显下降；同时，每名员工创造的收入提高约20%。在此过程中，后台及企业职能部门将成为自动化改造重点。 “银行内部越来越清楚，未来最贵的不是技术，而是低效率的人力结构。尤其是大型国际银行，中后台体系历史包袱重，AI带来的降本空间非常大。”一位外资行人士对记者表示。 事实上，渣打近年在AI领域持续加码布局。集团旗下创投...

DISCLAIMER: This note is intended for U.S. recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Please read our full disclaimer here . BING-JHEN HONG/iStock Editorial via Getty Images We Can Keep This So So Simple This might be the shortest earnings analysis of Nvidia Corporation ( NVDA ) you read this week. And I think you might thank me for that. Since you can read, in excruciating detail, all the ins and outs of the company’s detailed performance and technical achievements, its shortcomings, its woes, China, threats from CPU-intensive workloads and more, literally everywhere on the Internet right now, I will keep it very simple here. Nvidia just printed a stellar first quarter , and guided to a still better quarter. The company achieved revenue growth of 85% in the quarter vs. prior year and is guiding to +96% next quarter. TTM revenue now sits at $253bn and it is growing at +70%. Just repeat that to yourself quietly for a moment. Cashflow margins ticked up to +57% on a TTM unlevered pretax FCF basis. The balance sheet has $72bn of net cash, a record level despite the company’s well-publicized investment program, its buybacks and so forth. At this point in time it is probably the highest-quality business that ever existed. Something will topple this empire, since all empires fail in the end, but not today. Today I believe this stock is a Buy, because it has the fundamental profile above, because it is trading at just 37x TTM UFCF (NVDA is normally in the 45-50x TTM UFCF range), because the market is leaning bullish at least into the giant-IPO-period coming our way, and because the NVDA stock chart looks bullish to me. I personally bought the stock in pre-market trading today, with a 7.5% trailing stop, which means that as of today if it holds over its 21-day exponential moving average, the ...

DISCLAIMER: This note is intended for U.S. recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Please read our full disclaimer here . BING-JHEN HONG/iStock Editorial via Getty Images We Can Keep This So So Simple This might be the shortest earnings analysis of Nvidia Corporation ( NVDA ) you read this week. And I think you might thank me for that. Since you can read, in excruciating detail, all the ins and outs of the company’s detailed performance and technical achievements, its shortcomings, its woes, China, threats from CPU-intensive workloads and more, literally everywhere on the Internet right now, I will keep it very simple here. Nvidia just printed a stellar first quarter , and guided to a still better quarter. The company achieved revenue growth of 85% in the quarter vs. prior year and is guiding to +96% next quarter. TTM revenue now sits at $253bn and it is growing at +70%. Just repeat that to yourself quietly for a moment. Cashflow margins ticked up to +57% on a TTM unlevered pretax FCF basis. The balance sheet has $72bn of net cash, a record level despite the company’s well-publicized investment program, its buybacks and so forth. At this point in time it is probably the highest-quality business that ever existed. Something will topple this empire, since all empires fail in the end, but not today. Today I believe this stock is a Buy, because it has the fundamental profile above, because it is trading at just 37x TTM UFCF (NVDA is normally in the 45-50x TTM UFCF range), because the market is leaning bullish at least into the giant-IPO-period coming our way, and because the NVDA stock chart looks bullish to me. I personally bought the stock in pre-market trading today, with a 7.5% trailing stop, which means that as of today if it holds over its 21-day exponential moving average, the ...

洲际交易所 集团宣布，截至2026年5月14日，其全球期货与期权市场的总未平仓合约量达到1.28亿份，同比增长24%，创下历史新高。 这一纪录主要由ICE金融衍生品板块的强劲增长驱动。数据显示，该板块未平仓合约量达到5400万份，同比大幅增长54%。其中，利率期货和期权的表现尤为突出，未平仓合约量突破5000万份，同比增幅达60%。 具体来看，作为管理英国利率风险的基准产品，ICE SONIA期货和期权未平仓合约量达到1960万份，同比增长104%；ICE欧元银行间同业拆借利率期货和期权未平仓合约量为2600万份，同比增长37%；ICE欧元短期利率期货于5月14日达到290万份合约。 ICE金融衍生品副总裁卡特里娜·卡拉马斯基表示，随着市场变化影响通胀预期，利率风险转移的需求加速增长，公司为客户提供了应对波动性变化的深度流动性。ICE已将利率期货产品扩展至日元TONA、瑞典克朗STIBOR、挪威克朗NOWA及南非兰特ZARONIA等品种，并计划于6月22日推出瑞典克朗SWESTR和澳元BBSW短期利率期货。 责任编辑：张俊 SF065

受大宗商品价格上涨及货币贬值等因素影响，韩国LG电子印度分公司（LG Electronics India）5月21日公布的最新财报显示，其第四财季净利润同比下降8.2%。尽管制冷家电市场需求在季末呈现回暖趋势，但仍未能完全抵消高昂投入成本带来的财务冲击。 财务数据显示，截至3月31日，该公司第四财季独立净利润为69.3亿卢比（约合7204万美元），较去年同期的75.5亿卢比出现回落。同时，其息税折旧及摊销前利润（EBITDA）亦由去年同期的104.8亿卢比收缩至94.5亿卢比。 在整体营收方面，得益于核心业务板块的支撑，公司当季总营收实现8.1%的同比增长。其中，家用电器及空气解决方案业务板块营收规模达651.6亿卢比，增幅为5.7%。 行业分析表明，受前期气温偏低及库存高企影响，该季度大部分时间内制冷产品需求持续低迷。直至夏季临近气温显著回升，终端市场需求才于季末显现改善迹象。 责任编辑：龙运翔

Total new vehicle sales in the U.S., including retail and non-retail transactions, are expected to decline 7.3% year-over-year to 1.36M units for the month of April, J.D. Power and GlobalData said in a joint report on Thursday. According to the forecast, the seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is expected to be 16 million units, down 1.3 million units from April 2025. Thomas King, president of OEM Solutions at JD Power, stated that even though April sales are on track to post a solid performance, the “year‑over‑year comparisons still present a challenging picture” and provide limited insight into the underlying health of consumer demand. Auto sales surged around March and April last year as consumers raced to buy cars to beat the tariff impacts on imported cars and trucks. According to J.D. Power and GlobalData, an additional 53,000 consumers accelerated purchases ahead of anticipated tariff-impacted price increases, making April one of the strongest months of the year and well above the full‑year 2025 pace of 16.3 million units. New-vehicle retail sales for April 2026 are projected to reach 1,129,100, a 7.3% decrease from April 2025, the data said . Delving deeper, King noted that affordability continues to constrain the vehicle sales pace even as pricing and financing conditions show modest signs of improvement. Total retail consumer expenditure slipped to $49.9 billion, down $4 billion from a year earlier, as the slower sales pace dragged on overall consumer spending, the data pointed out. “Average retail transaction prices are trending toward $45,990 in April, essentially unchanged from a year ago, while the average interest rate on new‑vehicle loans is expected to decline 0.3 percentage points to 6.73%. Despite easing borrowing costs, average monthly finance payments are expected to increase 3.1% year over year to $812, driven primarily by continued deterioration in trade‑in equity,” he added. Meanwhile, David Oakley, manager,...

比亚迪在戛纳与前红牛车队负责人克里斯蒂安・霍纳会面后，正加快推进进军世界一级方程式锦标赛（F1）的相关洽谈。 据两名知情人士透露，比亚迪执行副总裁李柯与霍纳上周会谈后，比亚迪计划与F1相关高层及管理机构国际汽联（FIA）举行进一步会议。 不过，上述人士提醒，相关洽谈仍处于初期阶段，无法保证最终会加入F1。目前尚不清楚比亚迪将自主研发动力单元，还是成为发动机供应商的客户；进入F1的途径包括收购现有车队，或在赛场上新增第12支车队。 即便如此，若比亚迪成功进军F1，将成为中国车企的一个里程碑。中国车企正凭借性价比高、软件先进的电动汽车和混合动力汽车快速拓展全球市场。 在中国品牌中，比亚迪在欧洲增长最快，该公司已大举投资建设新工厂和经销商网络，以扩大在海外市场的利润——其国内销量正面临压力。 今年2月，比亚迪与阿布扎比统治家族成员旗下的曼城足球俱乐部达成合作，成为该俱乐部官方汽车合作伙伴，借助英超联赛的全球受众推广品牌。比亚迪还与意大利足球俱乐部国际米兰签有赞助协议。 比亚迪拒绝对F1相关洽谈置评，但李柯近日表示，公司内部正在讨论包括F1在内的赛车运动机会，以展示其技术实力。 F1与国际汽联均拒绝置评。 责任编辑：刘明亮

Tesla Inc. (NASDAQ:TSLA) has sold roughly $890 million in vehicles and batteries to other companies in Elon Musk’s orbit since 2023, and a Wednesday filing showed the buyers paid full price. The SpaceX prospectus disclosed about $131 million in Cybertruck purchases last year at suggested retail prices, with Tesla’s audit committee reportedly clearing the deals as arm’s-length transactions. The bulk was energy storage. Tesla sold $506 million in Megapack batteries to xAI in 2025 and $191 million the year prior, according to the filing. Those batteries are not just for ground operations. SpaceX’s S-1 lays out a plan to put artificial intelligence in orbit, fleets of satellites acting as data centers in space, and that costly buildout helps explain the steep operating loss the company reported on $18.7 billion in revenue. It also shows the Tesla purchases are genuine spending rather than paper shuffling between Musk’s businesses. SpaceX is burning cash now to build that network, and much of the hardware comes from Tesla. Tesla’s Demand Problem The full-price detail lands harder against a soft first quarter. Tesla delivered 358,023 vehicles, missing consensus and falling 14.4% from the prior quarter, and produced about 50,000 more cars than it sold, an inventory build analysts read as a demand problem, according to Electrek. Revenue and margins held up better, with automotive revenue up 16% and gross margin expanding to 21.1%. Polymarket’s “Tesla deliveries in Q2” contract prices the 375,000 to 400,000 range as the most likely outcome at 38%, a Q1 recovery traders see as probable but not certain. SpaceX/Tesla Merger? The structural ties are already tightening. SpaceX is adding longtime Tesla director Ira Ehrenpreis and SpaceX board observer Randy Glein to its board, deepening a federation that increasingly operates as one company. Dan Ives of Wedbush expects the two to merge eventually, and biographer Walter Isaacson has pointed the same direction. Kalshi’s “When will T...

The Meta partnership marks the first time Omni One has supported Meta Quest headsets directly. Previously, the system only worked with PC VR headsets through Virtuix's Omni One Core system or with a bundled Pico headset, according to media reports . The company last week announced the expansion of Omni One and Omni One Core availability into Canada. Virtuix announced in February that it had joined Meta's "Made for Meta" program, allowing Omni One compatibility with Meta Quest headsets and games. The partnership expands Virtuix's addressable market, with roughly 20 million Quest headsets sold to date and an estimated 6 million active Quest users, Goetgeluk told Proactive Investors in February. Virtuix's expansion beyond gaming comes as the company in March reported 41% year-over-year revenue growth to $3 million through its fiscal Q3 2026, which ended Dec. 31. Goetgeluk told Benzinga in late March that Virtuix had signed an agreement with the U.S. Navy's Naval Postgraduate School to evaluate its Omni One platform for training and simulation. "There's nothing like it for mission planning and mission rehearsal," Virtuix CEO Jan Goetgeluk told Benzinga in February, adding that the technology allows military personnel to quickly recreate and navigate mission areas virtually. The company said its Virtual Terrain Walk platform uses AI-powered Gaussian splatting technology to convert drone footage into photorealistic virtual environments that soldiers can walk through before missions. Virtuix develops omnidirectional treadmills that allow users to physically walk and run inside virtual reality environments, according to the company's February announcement. Think the biggest tech gains happen after an IPO? Click here to see why some investors are looking at opportunities before companies go public. The company announced in February that its Virtual Terrain Walk defense system was gaining traction with military customers, including deployments to the U.S. Military Academy, th...

格隆汇5月21日｜比亚迪据悉正在加快进军F1的谈判进程。

J Studios The recently formed AI-native enterprise services firm led by Blackstone ( BX ), Anthropic ( ANTHRO ), and Hellman & Friedman, among others, acquired Fractional AI , an applied AI services company, to form the operational core of the new company , the companies said Thursday. Financial terms of the deal weren't disclosed. Fractional AI is an end-to-end AI implementation partner for enterprises that helps businesses understand where AI fits and how to implement the right technologies for specific teams and functions. The company's engineering team will work with Anthropic's ( ANTHRO ) applied AI organization to enable close technical alignment to guide clients' AI transformation, the new AI services company said. The new AI services firm is tasked with helping mid-size companies bring Anthropic's Claude into their operations. Other companies backing the AI-native enterprise services company are Goldman Sachs ( GS ), General Atlantic, Leonard Green & Partners, Apollo Global Management ( APO ), GIC, and Sequoia Capital. Blackstone ( BX ) has built a relationship with Fractional AI, which has become a "magnet for elite, applied AI engineers," said Rodney Zemmel , global head of the operating team at Blackstone. "Blackstone has spent years studying where AI creates durable value, and we believe the answer hinges on execution capability – the caliber of the team, the depth of their technical judgment, and their ability to change how a business operates," he added. "The opportunity ahead is one of the largest we have seen – and we believe there is no better team to serve as our nucleus for growth than Fractional." More on Blackstone, Anthropic, etc. Why We Believe Apollo Is Misunderstood Prologis: Likely To Outperform Blackstone Industrial Funds Blackstone: Be Greedy When Others Are Fearful Under Secretary Emil Michael says Anthropic-Pentagon talks have stopped: Bloomberg Microsoft shares rise amid talks with Anthropic about using its AI chips

华尔街对全球利率上升的警惕正在加剧（reuters） 各国都出现利率上升，升幅最大的是日本。华尔街警惕日本长期利率进一步上升、债券抛售波及全球。随着日本国债下跌导致损失扩大，日本投资者为了锁定账面收益和抑制风险，容易抛售美国国债等…… 全球长期利率上升（债券价格下跌）已开始对股价产生影响。5月20日，美国道琼斯工业平均指数因美国总统特朗普表示伊朗问题处于“最后阶段”的发言而出现反弹，但仍未达到2月的最高点，上涨乏力的状态仍在持续。 推高长期利率的因素不言而喻，是对美伊冲突后油价走高引起的通货膨胀的警惕和美国等的财政状况的恶化。随着对企业融资成本上升和消费低迷的担忧加强，股价变得难以上涨。 各国都出现利率上升，升幅最大的是日本。日本10年期国债收益率5月18日一度飙升至2.8%，创出29年半以来的高点。 就日本而言，存在市场参与者难以理解的政策应对加剧不信任感的一面。尽管日元贬值、长期利率上升，但日本央行的加息呈现迟缓之感。日本政府20日在跨党派“社会保障国民会议”的实务者会议上提出的方案是，暂缓附带给付的税额抵免、只先行发放现金，这也被认为对财政问题的轻视。 华尔街对日本长期利率进一步上升、债券抛售波及全球的警惕正在加强。随着日本国债下跌导致损失扩大，日本投资者为了锁定账面收益和抑制风险，容易抛售美国国债等。 一般情况下，如果日本的利率提高，就没有必要冒着汇率风险买入美国国债等。资金更容易从各国的债券市场回流日本。 金融人士之间开始谈论“资金回流（repatriation）”的说法。英国《金融时报》17日报道称，投资公司已开始为日本投资者从美国国债市场转移资金做好准备。 实际上，美国财政部5月18日发表的3月份美国国债持有和买卖动向显示，日本抛售了239亿美元美国国债。虽然资金回流会扩大到何种程度尚不明朗，但仅是抛售美国国债的预期加强，也会不可避免地产生影响。 15年前发生东日本大地震时，资金回流这个说法就曾席卷金融市场。当时，宣称日本的保险公司等出售海外资产、将资金撤回本国的真假不明的消息传开，导致前所未有的日元兑美元升值。 当时的教训是，即使证据不够充分，行情一旦转变就很难停止。作为政策制定者，为了不让市场有机可乘，只能尽说明责任，并持续用行动表现出来。 美国财政部长贝森特19日在出访地巴黎与日本央行总裁植田和男进行了会谈。贝森特在接受路透社采访时表示，“我确信...

This heartfelt story of attraction and friendship, shortlisted for the Women’s prize for fiction, is sensitively read by Dan Bottomley The debut novel from Rozie Kelly – shortlisted for this year’s Women’s prize for fiction – charts an unusual relationship between two writers. The story is told through the eyes of an unnamed man who works as a creative writing academic. He becomes infatuated with an Irish woman, whom he calls “the poet”, 17 years older than him and a celebrated author. The pair begin meeting for lunch on a bench by a river where they talk and watch the wildlife (she specialises in stories about birds). He observes how this woman “smells like jasmine. No, not exactly. She smelled like the earth beneath a jasmine pot on a hot day.” Our protagonist pursues her – his early thoughts about her are wilfully crude – despite being in a long-term relationship with Michael, a gym owner with whom he has little in common. He longs to achieve the success that the poet has attained, observing: “She was in high demand. I was a beggar. I knew she had a purse full of gold, if only I could get close enough to cut the strings.” Continue reading...

The play area at St John’s Church of England primary in Barnet, north London, used to flood so severely it was often unusable. “It would get so bad that the children couldn’t be dismissed from the playground,” says Macci Dobie, the school’s headteacher. “We had to dismiss them from different parts of the school or, literally, parents were stepping into puddles to lift their children out of the classroom.” Because the school sits in a basin with clay foundations, rain would pool on the grey tarmac and just sit there, often denying the children a proper break for play outside. View image in fullscreen Macci Dobie, headteacher at St John’s CofE primary. Photograph: Graeme Robertson/The Guardian But that started to change when one of the parent governors, Sarah Taggart, spearheaded St John’s climate action plan. “This school is in a high flood-risk area, so we were able to get [Department for Education] funding for a bigger project and take up some of the tarmac,” says Taggart, who enlisted the help of Trees for Cities, a charity whose work includes planting green spaces in urban playgrounds to assist their adaptation to the climate crisis. “You’re taking space away from the kids, but kids are kids, it’s got to be functional,” says Alfie Davies, a landscape architect at Trees for Cities who led the design work and consultation at St John’s. “They have to be able to use it or otherwise they won’t be interested or won’t want to look after it.” View image in fullscreen Sarah Taggart. Photograph: Graeme Robertson/The Guardian With that in mind, Davies installed stepping logs to run through the new rain gardens. Now the children can enjoy jumping over a soil bed containing ornamental grasses, shrubs and perennial flowers that also functions as a sustainable drainage system. “It’s transformed our area outside,” says Dobbie. “There is still some excess water when it rains heavily, but it clears up in 10 minutes.” The project responded to the topography of the site, but also th...

Concert performances of opera can provide ideal conditions for live recordings. This ambitious release of Wagner’s Ring Cycle on 13 CDs, captured in 2024 with the Dallas Symphony under music director Fabio Luisi, is a fine example. The Italian maestro has a strong record, having stepped in at the Metropolitan Opera in 2011 when James Levine had to withdraw from Siegfried due to illness. With his clearheaded approach, a keen sense of Wagner’s operatic architecture, and a supple way with phrasing, he is perhaps the most compelling reason for acquiring this frequently impressive set. View image in fullscreen The artwork for Wagner: Der Ring des Nibelungen. Of course, any Ring lives or dies on its singers, and no cast will ever be perfect. As Wotan, Mark Delavan’s voice carries the right authority, his characterisation intensifying as the work unfolds. Daniel Johansson is a lyrical Siegfried, never straining, even if he occasionally sounds uninvolved. As Brünnhilde, Lise Lindstrom’s soprano comes under rather too much pressure, though she’s never less than committed to text and drama. Among the rest, Sara Jakubiak stands out as a radiant Sieglinde, though a tired-sounding Christopher Ventris disappoints as Siegmund. Stephen Milling, Štefan Margita and Michael Laurenz sing and act their socks off as Hagen, Loge and Mime respectively, with Tómas Tómasson characterful but occasionally wobbly as Alberich. If Deniz Uzun is rather soft-edged as Fricka and Roman Trekel overly gravelly as Gunther, Kathryn Henry offers a glorious Gutrune and Tamara Mumford an imposing Erda. Giants and minor deities are good; Rhinemaidens, Valkyries, and especially Norns excellent. Sound is admirable, if slightly more congested than the finest studio sets. Allow content provided by a third party? This article includes content hosted on embed.music.apple.com . We ask for your permission before anything is loaded, as the provider may be using cookies and other technologies. To view this content, cl...

一家创业公司获得了GV（Alphabet旗下VC）和Greycroft共同领投的6.5亿美元早期融资，NVIDIA和AMD也参与本轮融资，它的估值达到了46.5亿美元。 这家公司的创始人是Richard Socher，他是AI领域的顶尖研究者，也是连续创业者。在这一次创业前，他是You.com的创始人，也曾担任Salesforce的首席科学家。 除了他本人外，他还有一个七人联合创始人团队，每一位团队成员，都可以说是当代AI研究的开拓者。 他创立的公司，只有一个核心目标：打造能够将知识发现过程自动化的递归自我改进超级智能。递归自我进化，是他们的核心思想，也是他们的公司名：Recursive。 Richard Socher在接受参访时介绍了这背后的核心逻辑：AI本质是代码，而现在的AI已经能够编写代码。当这两种现实交汇，自我改进的循环便能实现闭环。因此，可以构建一个闭环系统，在这个系统里，AI无需再依赖人类的聪明才智去构思、落地并验证想法，人类完全可以让AI自主完成整个流程。 这代表了AI发展方式的关键转变。 让AI去构建下一个更强大的AI系统 Richard Socher的职业生涯最初在学术界，他是NLP领域经典论文《Recursive Deep Models for Semantic Compositionality Over a Sentiment Treebank》的第一作者，这篇论文后来获得ACL 10-Year Test-of-Time Paper Award，他也曾担任斯坦福大学计算机系兼职教授。 之后，他创立了MetaMind，在MetaMind被Salesforce收购后，担任Salesforce首席科学家；再之后创立了估值十亿美元以上的AI搜索公司You.com。 图片来源：GV 除了Richard Socher自己，他还“集齐”了AI研究领域的“七龙珠”，其联合创始人包括：Tim Rocktäschel、Alexey Dosovitskiy、Caiming Xiong、Jeff Clune、Josh Tobin、Tim Shi、田渊栋。 他们曾推动并引领了多项重大技术进步，涵盖开放式算法、质量多样性算法、AI生成算法、自我改进的编程智能体、自动化红队测试与能力发现、提示词工程及其自动化、生成式学习挑战与环境、基础世界模型、自然语言处理领域的深度学习...

近年来，车位的价格，出现了大幅度的下降。不少小区的车位，从原价二三十万，“打骨折”到了几万块。 可即便是降价，也很难卖出去。 到底有多难卖？法拍市场就是一个，很好的观察窗口。 据中指研究院最新报告，2025年1-2月全国各物业类型法拍项目中，法拍车位车库成交额仅为2.8亿元，清仓率只有9.1%， 成为拍品类别中最”难卖"的类型。 更奇葩的是，曾经高达18万一个的车位，在拍卖市场上，甚至出现了1元起拍的极端案例。 网上还经常有人说： "这辈子最后悔的事，就是买了车位"。 但曾几何时，车位还是抢不到，就要涨价的住宅标配。为什么如今却变得越来越鸡肋，甚至跌成了“白菜价”？现在车位到底还能不能买呢？ 下面我们一起聊一聊吧！ 车位，为什么卖不动了? 1、投资神话破灭：车位，不再是“稳赚不赔”的资产 以前，地下停车位，妥妥是楼市里的硬通货。 业内更是大肆鼓吹 “车位永不贬值、一户一位是刚需” 。很多人把车位当成，稳赚不赔的固定资产，甚至专门囤车位投资套利。 前同事小王说，他以前住的小区，车位12W一个，被一群投机者买走了几十个。现在降价到了2-3万一个，可惜还是无人问津。 当时车位炒得有多火热，离场的时候就有多狼狈。 那以前，为什么囤那么多停车位啊？ 因为在那个楼市高歌猛进的年代， 车位和房子一样，被赋予了强烈的投资属性。 很多人买车位，根本不是为了自己停，而是坚信今天12万买，过两年就能30万卖出去。 但现在，楼市降温，大家捂紧了钱袋子，清醒地认识到：车位，就是一个用来停车的水泥格子，仅此而已。 它不仅升值空间几乎为零，而且流动性极差，成为不少人卖房时的”累赘”。 因为车位一方面，只能卖给同一个小区的业主；另一方面，买家总感觉加了车位相当于变相涨价，而且有的买家根本就不需要车位。 想把它变现，难于上青天！ 2、供求关系发生变化：供过于求，车位太多了。 在国内房地产市场发展初期，由于停车位配套建设不足，加上汽车需求又出现爆发式增长，所以，“停车难”成为城市通病。 但最近几年， 很多城市的车位供应量越来越充足，而需求增长的速度越来越慢，所以供求关系的天平开始倾斜。 很多城市，对车位配套都有要求，基本上都要求车位配比在1:1以上。也就是一套住房配一个车位，部分品质较好的小区，车位配比甚至达到1.5。 这就意味着，随着大量新盘入市，带来了越来越充足的停车位，极大缓解了停车位不足的问题...

Western Asset Premier Bond Fund公布了截至2026年3月31日的财务状况。数据显示，该基金总资产约为1.9967亿美元，净资产约为1.3330亿美元，净资产较上一季度有所下降。 根据财报，截至2026年3月31日，该基金的每股市值为11.23美元，而市场价格为10.58美元，折价率为5.79%。相比之下，2025年同期为溢价0.36%，显示市场情绪有所变化。 在运营表现方面，基金在该季度实现总投资收入约261.6万美元，但净已实现及未实现亏损约314.2万美元，导致运营净资产下降约52.6万美元，每股收益为负0.04美元。不过，未分配投资收入从上一季度的约1万美元大幅增至13.5万美元。 该基金主要投资于多元化的投资级债券组合，其投资顾问为Western Asset Management Company，是富兰克林资源公司的子公司，自2002年起管理该基金。 基金未偿还贷款为5900万美元，逆回购协议约为626.6万美元。基金采用杠杆策略，杠杆率约占净资产的30%左右，以追求收益增强。 责任编辑：张俊 SF065

Three fully laden supertankers – including two Chinese vessels – crossed the Strait of Hormuz on Wednesday, in a possible sign that Tehran may be starting to open up the vital waterway to more shipping traffic. The exit of the three very large crude carriers (VLCCs) came on the same day that Iran confirmed it had allowed 26 vessels to transit the strait – a hefty uptick compared with the level of traffic Iranian forces have generally permitted since the war began. Advertisement The moves appeared to signal an easing of the crisis in the Strait of Hormuz , which has seen daily transits plunge to around 10 on average in recent weeks – down from more than 100 before the conflict erupted, according to vessel tracking data. But analysts cautioned that it was too early to tell whether the latest announcements were a one-off or the start of a broader trend. The three supertankers were carrying a combined 6 million barrels of oil out of the Persian Gulf, data from shipping database myvessel.cn showed. They were likely allowed to exit without paying Iran a toll, according to industry insiders and a government statement. The Chinese VLCCs involved are the Yuan Gui Yang, owned by the state-run Cosco Shipping Energy Transportation, and the Ocean Lily, which is a Hong Kong-flagged vessel owned by a firm managed by a subsidiary of the Chinese energy giant Sinochem Corporation. Advertisement The Yuan Gui Yang is scheduled to arrive at Shuidong port in China’s southern Guangdong province on June 4, while the Ocean Lily is expected at Meizhouwan port in the southeastern Fujian province on June 7.

When the founders of a mental health app for men called Mental saw that one feature — AI interactive audio — was resonating wildly with their users, they knew they were onto something. And so the idea for a new, and hopefully safer, kind of AI therapy app was born, which they called The Path, co-founder and CEO Anson Whitmer tells TechCrunch. Then famed author and motivational speaker Tony Robbins grew so enamored with this startup; he scooched in as a co-founder. The Path has now raised $14.3 million in seed funding led by Prime Movers Lab (where Robbins is a partner), with participation from speed skater Apolo Anton Ohno, boxer Deontay Wilder, and Designer Fund. After Prime Movers invested, Robbins began chatting with Whitmer and co-founder Tyler Sheaffer on small stuff like branding, but as his enthusiasm and ideas for the app grew, they offered to bring him in as a co-founder. The author has since helped shape The Path into a therapy-plus-coaching app that taps into Robbins’ popular self-improvements methods. Whitmer, formerly an early employee at meditation app Calm alongside Sheaffer, says his pursuit of mental health tech was born out of tragic experiences: When he was 19, a beloved uncle committed suicide. That inspired Whitmar to get a PhD in psychology, and he planned to go into research after graduation. But while he was in college, a cousin left a voicemail. “I didn’t realize until it was too late. It was also a call for help, and he killed himself,” Whitmar recalls. That spurred a change of course towards work that could bring science’s findings to the masses. Working at Calm was a natural first step, as the research on how meditation improves mental health is solid. Still, after working at Calm until 2021, Whitmar felt he could do more. “Even though we did have a big impact, it’s not really a big enough impact,” he said. “The issue is, people’s problems are just too idiosyncratic. They’re too personal. They’re unique.” Plus, everyone will never have ac...

What will it take to launch the first must-have AI consumer product? Maybe $700 million. At least according to Hark, an AI lab building models and hardware for an AI personal assistant, which said on Thursday that it had raised that much in a Series A round that values it at $6 billion post-money. The mega round was led by Parkway Venture Capital, and included Align Ventures, AMD Ventures, ARK Invest, Brookfield, Greycroft, Intel Capital, Prime Movers Lab, Qualcomm Ventures, Salesforce Ventures, and Tamarack Global. (Phew!) Perhaps what’s most notable about the fundraise is how little Hark has revealed about what it is building. Founder and CEO, Brett Adcock, also the entrepreneur behind robotics company Figure.AI and electric aircraft builder Archer, launched Hark in late 2025 with $100 million of his own money to develop an agentic AI system that serves as a universal interface with the digital world. Hark expects to release its first multi-modal models this summer, which it says will power a personal AI platform that works with existing products and services. The company expects to follow that with hardware devices built specifically for those systems. The fresh cash will be spent on recruiting top talent for hardware, product design and AI research, and on securing compute and components. The company currently has 70 employees, and runs a data center with Nvidia B200 GPUs. Abidur Chowdhury (pictured above in a promo video), a former Apple product executive, is Hark’s director of design. He declined to reveal new details of what he’s working on when TechCrunch peppered him with questions this week, but said investors were impressed by a series of demos from his team. “I haven’t seen anything that feels like something that will really help like the normal person,” Chowdhury said, speaking of the AI products on the market. “People are really building things to help people make software, and it’s working, and it’s really impactful, but we haven’t really seen that fo...

In a media landscape dominated by Baby Shark and Skibidi Toilet, one startup is reimagining children’s media by focusing on well-being, not watch time. Maka Kids is building a streaming app for children ages zero to six featuring content designed for healthy development. The startup has now raised $3 million in seed funding to scale its platform, and is currently accepting waitlist sign-ups. Unlike traditional streaming platforms, Maka Kids doesn’t have recommendation algorithms, ads, or auto-play. Instead, it is designed to offer a predictable experience that supports learning, creativity, and emotional growth. Maka Kids was founded by Isabel Sheinman and Tanyella Leta, who previously founded Nabu, a non-profit venture that brought children’s books to more than 15 million children across 26 countries. Sheinman and Leta were introduced at a dinner back in 2013 through a mutual friend and immediately hit it off, the pair told TechCrunch in an email. They said they initially over the fact that they both came from families of educators and entrepreneurs, an experience that first inspired Nabu and later fueled their passion for Maka Kids. They began dreaming up the concept of Maka Kids after discussions with their friends, families, and customers at Nabu. They heard from parents who felt increasingly anxious about the effects of screen time on their children. Building on those concerns, the duo conducted hundreds of user interviews, which ultimately shaped their solution: a children’s streaming app designed with well-being at its core. Maka Kids founders Tanyella Leta and Isabel Sheinman Image Credits:Maka Kids “We were seeing parents get completely overwhelmed trying to weigh decisions about what was unsafe, what was good, and understand why their kid was melting down every time screen time ended,” Sheinman said. “At the same time, we watched the children’s media ecosystem get louder, faster, more algorithmically driven. Looking at this problem, we felt uniquely positi...