On January 7th, the General Office of the Ministry of Industry and Information Technology issued a notice on the pilot work of 10 Gigabit optical network. The notice proposes that by the end of 2025, in cities and regions with conditions and foundations, focus on key scenarios such as residential areas, factories, and parks, and carry out 10 Gigabit optical network pilots. With the pilot work as the traction, all parties in the industry chain will speed up the collaborative solution of key and d...
According to sources, Microsoft (MSFT. O) will add non-OpenAI models to Power 365 Copilot.
MetaMask has expanded its crypto payment card pilot program in the United States to allow users to pay directly from their wallets.
On December 3rd, the Shanghai financial supervision department has recently expanded the pilot program of employee stock ownership loans in technology enterprises from Lingang New Area and Zhangjiang to the whole city of Shanghai. This innovative measure is at the forefront of the country.
On November 18th, Sun Weiguo, director of the general aviation business department and drone working committee of the China Air Transport Association, revealed at the 2024 International Electric Aviation (Kunshan) Forum that the Central Air Traffic Control Commission will soon launch the eVTOL pilot in six cities. The reporter interviewed a number of industry insiders and learned that the six pilot cities were initially identified as Hefei, Hangzhou, Shenzhen, Suzhou, Chengdu and Chongqing. The ...
UBS said it has successfully piloted a blockchain-based payment system, dubbed UBS Digital Cash, aimed at increasing the efficiency of cross-border transactions. In a statement, UBS said transactions with multinational clients and banks were conducted in the pilot, including domestic transactions in Switzerland and cross-border transfers in US dollars, Swiss francs, euros and Chinese yuan. UBS plans to further expand and develop UBS Digital Cash, which is understood to use a private blockchain n...
Joe Davis, global chief economist at Pioneer Navigation, said the Fed is expected to choose to cut interest rates by 25 basis points at next week's meeting, especially if US non-farm payrolls data show a solid job market. Tonight's jobs report is the last important economic indicator before the Fed's decision next week. Despite the impact of Hurricane Helen and the Boeing strike, the labor market is expected to remain on a strong footing.
Google says that Gemini models will soon be available on GitHub Copilot, and developers using GitHub Copilot will be able to use Gemini 1.5 Pro in the coming weeks.
On October 18th, at the annual meeting of the 2024 Financial Street Forum, Zhu Hexin, director of the State Administration of Foreign Exchange, said that focusing on the effectiveness of foreign exchange policies and the practical feelings of the people, strengthen policy evaluation and market communication. Insist on whether it is in line with the national strategic positioning, whether it is in line with the local development reality, and whether it has achieved reform results that benefit ent...
On September 8th, the Ministry of Commerce, the National Health Commission, and the State Food and Drug Administration issued a notice on expanding the opening-up pilot work in the medical field. From the date of issuance of this notice, in the China (Beijing) Pilot Free Trade Zone, China (Shanghai) Pilot Free Trade Zone, China (Guangdong) Pilot Free Trade Zone and Hainan Free Trade Port, foreign-invested enterprises are allowed to engage in the development and application of human stem cell, ge...
Visa, along with HSBC and Hang Seng Bank, has launched a trial of tokenised deposits in the Hong Kong e-HKD pilot programme. The trial covers two use cases, real estate transaction settlement and Visa card payment. Visa points out that tokenised deposits can not only improve settlement efficiency, but also innovate new business applications. HSBC's Vincent Lau said that realizing the benefits of tokenized deposits requires further development of interoperability between different banks.
Schroders Capital has partnered with Hanover Re to launch a blockchain ILS pilot that aims to enhance the way insurance-linked securities (ILS) investments are invested and managed. It is reported that Schroders Capital joined the Monetary Authority of Singapore's "Guardian Program" last year and participated in the first sterling digital bond issued by the European Investment Bank. This time, in partnership with Hanover Re, the program has been tested internally by Schroders and successfully to...
According to sources involved in the pilot project, the use of India's central bank digital currency (CBDC), the digital rupee, has fallen sharply to one-tenth of its peak in December 2023. The Reserve Bank of India (RBI) initially brought the daily retail transactions of the digital rupee to 1 million by incentivizing banks and allocating a portion of salaries using digital currencies. However, when these incentives ended, its daily trading volume fell to about 100,000, indicating a lack of org...