On August 1, the three primary A-share indices collectively retreated. At the market close, the Shanghai Composite Index settled at 3,559.95 points, marking a 0.37% decline; the Shenzhen Component Index finished at 10,991.32 points, down 0.17%; and the ChiNext Index closed at 2,322.63 points, registering a 0.24% fall. Additionally, the STAR Market 50 Index slipped by 1.06%. Trading volumes on both the Shanghai and Shenzhen stock exchanges shrank to approximately 1.6 trillion yuan. In terms of sector performance, traditional Chinese medicine, photovoltaic equipment, and AI agents emerged as the leading gainers, whereas the military industry and civilian explosives sectors underwent adjustments. Regarding individual stocks, 3,307 advanced, while 1,909 declined, with 49 stocks hitting their daily upper limit and 9 stocks reaching their daily lower limit. Overall, the market exhibited a differentiated trend, but growth stocks continued to hold sway.

Manus has launched the groundbreaking Wide Research feature, empowering the coordination of over a hundred agents to operate concurrently, effectively tackling intricate and expansive research endeavors. Upon task submission by users, the system seamlessly assigns sub-agents to autonomously manage sub-tasks and collaboratively compile the comprehensive final results.

On August 1, the Tianyancha App disclosed that Hangzhou Deepseek AI Basic Technology Research Co., Ltd., a subsidiary of Deepseek, has recently announced a patent entitled "A Method and System for Deploying Large Language Models." This patent delves into the realm of artificial intelligence, aiming to streamline load tasks, maximize hardware utilization, minimize idle computing resources, reduce latency, boost throughput, and enhance system scalability and fault tolerance. This is achieved by deploying the pre-filling and decoding stages separately on high-performance machines equipped with ample memory.

The Hongqiao International Central Business District has unveiled an ambitious action plan aimed at fostering a constellation of 10 billion-scale live e-commerce hubs by 2026, while nurturing and aggregating prominent live streaming platforms and Multi-Channel Networks (MCNs). This comprehensive strategy incorporates the establishment of a robust talent development and assessment framework tailored to the live streaming economy, fostering its international expansion. Key initiatives encompass the construction of a global exhibition live streaming center, the creation of a dedicated live streaming economy service hub, the development of "live streaming + industry" themed bases, and the enhancement of infrastructure support for live streaming activities. To materialize these objectives, a meticulously designed suite of 15 specific tasks will be meticulously executed.

The official microblog of the Kimi open platform has announced the release of the Kimi K2 high-speed version. This latest iteration builds upon the existing Kimi-K2 model, maintaining the same parameters while significantly boosting the output speed from 10 Tokens per second to an impressive 40 Tokens per second.

Alibaba's Tongyi Qianwen has introduced the groundbreaking programming model, Qwen3-Coder-Flash, renowned for its exceptional Agent capabilities. This model shines in agent-based programming, browser operations, and tool invocation, delivering performance that rivals top-tier closed-source models.

Xiaomi Browser has undergone a significant upgrade with the introduction of an advanced "AI Search" feature. This enhancement incorporates the powerful Doubao Large Model and the Huoshan Ark Agent, with the objective of bolstering search efficiency and elevating service quality. Users can now engage with the browser using natural language, seamlessly obtaining direct answers to their queries. Furthermore, the Xiaomi App Store has integrated the Huoshan Engine Button, enabling users to upload agent content with ease. Xiaomi aims to vigorously propel the adoption of the agent module and explore a wider array of distribution scenarios. Looking ahead, both entities will continue to strengthen their collaboration, expand the application of large models and agents across various terminals, and further refine the intelligent interactive experience.

In Hong Kong SAR, note-issuing banks, Chinese-funded institutions, sandbox testing enterprises, large state-owned enterprises, and internet giants are eagerly pursuing stablecoin issuer licenses. Conversely, securities firms are focusing on stablecoin trading, custody, financing, and related services, offering digital asset allocation solutions. By the end of July, 44 entities had upgraded their virtual asset trading licenses, positioning themselves for the emerging market.

JD.com hosted a collaboration and exchange event in Shanghai under the theme "Open and Win-Win, Efficient Cooperation." During the event, the enhanced version of 'Beacon Plan+' was unveiled, bolstering support for service providers across three pivotal areas: incentives, business opportunities, and rights protection. By implementing strategies such as cash incentives, AI-driven intelligent matching, and content capability certification, JD.com aims to elevate the efficiency of service provider collaborations and assist merchants in cutting costs and maximizing profits. The event recognized outstanding service providers and showcased successful implementations in AI, customer service, design, and other domains. Additionally, the JDmai service market underwent an upgrade, introducing several merchant support initiatives designed to foster a more efficient and mutually beneficial e-commerce ecosystem.

The National Development and Reform Commission (NDRC) emphasizes that various sectors of society currently face an urgent demand for AI applications and are in a pivotal phase of implementing AI solutions.

On this Thursday, the pioneering startup Manus unveiled its groundbreaking Wide Research feature, designed to facilitate the seamless collaboration of over 100 AI agents in extensive research endeavors. This innovation not only amplifies users' computing capabilities by a factor of a hundred but also significantly bolsters the ability to tackle intricate and large-scale projects. Wide Research, embodying a system-level parallel processing mechanism and a robust collaboration protocol among agents, represents a significant milestone in Manus's exploration of the scaling laws governing AI agents.

Google has launched an artificial intelligence model dubbed AlphaEarth Foundations, affectionately referred to as the 'Virtual Satellite,' with the intent to transform Earth observation. By seamlessly integrating diverse data sources from optical satellites, radar systems, and climate simulations, it meticulously divides the Earth's surface into 10m x 10m grids and conducts comprehensive long-term tracking analysis. This model efficiently produces concise data summaries for each grid, drastically cutting down on storage expenses. AlphaEarth Foundations boasts numerous applications, including creating intricate maps, monitoring crop growth, tracking deforestation, and more. Google has generously made the relevant datasets available on Google Earth Engine for free access by researchers worldwide.

According to CITIC Securities' analysis, a modest economic slowdown is anticipated to result in a deceleration in the growth rate of US stock earnings in the second half of the year, with the extent of this decline deemed manageable. The primary determinant of US stock performance hinges on valuation. While the third quarter will encounter risk events such as tariff adjustments, these may amplify the fundamental divergences between the US and non-US economies, potentially augmenting capital inflows into the US stock market. Consequently, the third quarter could emerge as a pivotal juncture for shifts in capital flows. Considering current macroeconomic conditions and real interest rate levels, US stock valuations reside at the upper boundary of a reasonable range, suggesting further upside potential. Between August and September, risk events and the slowing macro economy may introduce some volatility into US stocks. However, fueled by capital flows and potential technological breakthroughs, the outlook for US stocks in the fourth quarter remains optimistic, particularly for leading technology sectors.

A research report from CITIC Securities highlights that the forthcoming generation of large models, exemplified by GPT-5, stands poised to be a game-changer in the AI industry's trajectory. These models have achieved significant advancements in core capabilities like logical reasoning, inherent multimodality, and advanced memory systems, paving the way for their integration into high-value, intricate industry scenarios. On the industrial front, two prominent technological trends—Agent and multimodal technologies—are anticipated to remain at the forefront of development. The report advises focusing on pioneering enterprises in sectors such as enterprise management, education, and healthcare, along with the prospects emerging from the burgeoning computational power industry fueled by extensive reasoning demands.

The advent of next-generation large models, epitomized by GPT-5, is anticipated to spearhead the evolution of the AI industry. These models are projected to witness substantial enhancements in parameter scale, intelligence level, and reasoning cost-effectiveness, achieving groundbreaking advancements in logical reasoning, multimodality, memory systems, and beyond. These innovations will pave the way for widespread application in intricate industry scenarios. Within the industry, Agent and multimodal technologies are set to emerge as dominant trends. It is advisable to focus on pioneering enterprises in sectors such as enterprise management, education, and healthcare, while also keeping an eye on opportunities in the burgeoning computing power industry.

Recently, the Guidance for Identifying Fault Tolerance and Duty Fulfillment in the Field of Scientific and Technological Innovation in Shenzhen (Trial) was released, providing clarity on the parameters of fault tolerance. Since the start of this year, various regions including Jiangsu, Shandong, and Hainan have implemented policies aimed at fostering fault tolerance in scientific and technological innovation. These measures are accelerating the creation of an institutional framework that encourages innovation and embraces failure.

On August 1st, Alibaba's Tongyi Qianwen team introduced Qwen3-Coder-Flash, a streamlined programming model within the Qwen3-Coder series. Designed to deliver a harmonious blend of performance and efficiency, this model is tailored for the developer community. Qwen3-Coder-Flash shines in agent-centric programming, browser integration, and tool orchestration, outperforming current top-tier open-source models and rivaling only a handful of elite closed-source solutions.

Reddit, recognizing the immense value of its authentic user-generated data, has forged data-sharing partnerships with AI titans like OpenAI and Google. Furthermore, the platform is actively investing in bolstering its search capabilities. In its most recent investor report, Chief Executive Officer Steve Huffman emphasized that the company is prioritizing its resources on areas of utmost necessity, with a primary focus on positioning Reddit as the go-to search engine.

Starting from 2024, Meta plans to integrate AI chatbots into WhatsApp, thereby enhancing users' access to its advanced language model services. However, this initiative may run afoul of European antitrust regulations, as the Italian antitrust authority ponders the imposition of a substantial fine against Meta. The authority contends that Meta is allegedly leveraging its market dominance to forcibly integrate AI assistants into WhatsApp without user consent, thereby harming competitors and entrapping users within its ecosystem.

Apple made an announcement on Thursday, revealing its active pursuit of strategies to rival competitors in the realm of artificial intelligence. During the earnings call for the third quarter of 2025, CEO Tim Cook stated, "Artificial intelligence stands as one of the most pivotal technologies of our era, and we are integrating it seamlessly into our devices, platforms, and across the entire organization, with a marked increase in our investment. Apple has consistently been dedicated to embracing cutting-edge technology and making it user-friendly, and this commitment lies at the heart of our AI strategy."