The commodity boom came to an abrupt end! Basic metals fell across the board, copper and nickel fell sharply, and crude oil fell three times in a row

The minutes of the Federal Reserve meeting show that the Federal Reserve may postpone interest rate cuts due to continued inflation, thus suppressing market expectations of interest rate cuts, and crude oil prices fell in response. Lun Copper closed down 4.05%, while Lunn Nickel fell 4.4%. Some analysts pointed out that the main reason for the decline in copper prices may be related to investors starting to make a profit settlement after copper prices hit a record high, recent weakness in copper demand, and a possible increase in copper production in Peru in 2024.

wallstreetcnMay 22 19:15 ET

Tencent, IFlytek Cut Prices of AI Services, Following Alibaba, Baidu's Move - Report

Seeking AlphaMay 22 12:02 ET

Tencent's market capitalization is rushing to 4 trillion dollars. How long can the momentum last, and can “the king return”?

A tough battle.

wallstreetcnMay 21 05:01 ET

Tencent or the dark side of Investment Month continues to compete with Ali for the “No. 1 AI Investor”

On the 21st, according to all-weather technology news, the big model startup Moon's Dark Side is currently undergoing a new round of financing. Investors include Tencent and Gao Rong Venture Capital. If discussed, LLM startups with domestic valuations exceeding 1 billion dollars will basically have Ali and Tencent.

wallstreetcnMay 20 23:29 ET

Tencent's big model launches a new brand

Value orientation.

wallstreetcnMay 20 07:59 ET

Tencent Conference Call: Advertising and Gaming Benefit from AI Deployment, Total Game Traffic Resumes Growth

Specifically, among Tencent's three main businesses, revenue from the value-added services business fell 0.9% year-on-year in the first quarter of 2024. Tencent said that with the implementation of various government economic stimulus measures, Tencent expects this trend to gradually reverse and the fintech business to resume growth. Moreover, Tencent has achieved initial results in monetizing SaaS products that have been provided free of charge for a long time. Tencent will continue to steadily advance the monetization process of SaaS services in the future. In the advertising business, Tencent continues to innovate advertising technology and uses AI to optimize advertising targeting to enhance its competitiveness and efficiency. In the game business, Tencent expects that with the advancement of technology, the mixed-element big model can be developed into multi-modal AI in the future, which can create high-quality video content and further help game production.

wallstreetcnMay 14 20:30 ET