链研社

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The truth is 😂
If you define traditional consumer products like liquor, pharmaceuticals, and cosmetics as "carbon-based life" consumption; and semiconductors, PCBs, and optical modules as "silicon-based life" consumption, you'll get a sense that humanity has lost control over the stock market, the internet, and even the future. Behind the scenes, the actual controllers have become the artificial intelligence we created, guiding funds to where it needs them to go, and we are just the "puppets" on the surface. Could this be the truth?
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DeepSeek is valued at over $1 billion USD, raising $300 million USD. Among unlisted companies, compared with Moon’s Dark Side, kimi’s most recent round raised $1 billion USD, with a valuation of $18 billion USD.
There are also two already-listed companies: Zhipu and Minimax.
1. Zhipu AI
Listing fundraising amount: Net amount raised is approximately 4.17 billion HKD, equivalent to about 530 million USD
Listing market value: The IPO issue price is 116.2 HKD; the overall valuation at the time of issuance was approximately 51.8 billion HKD.
Current market value: 891 HKD, with the total m
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DeepSeek is about to release a new model. The delay is because it has been doing deep-level underlying compute-ability adaptation with Huawei, which has held things up quite a bit. It’s said that all inference and training will run entirely on Huawei chips.
If this happens, then the worst-case scenario that Huang Renxun fears will come true.
A few days ago, in an interview with Dwarkesh Patel, he said: “If someday in the future a model at the DeepSeek level is released first on Huawei chips, it would be a terrifying outcome for our country.”
Now, that “someday” might be arriving soon.
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SEC Eliminates "Day Trading" Threshold, US Retail Investors Face the Biggest Rule Change in 25 Years
On April 14, the SEC officially approved the FINRA proposal, abolishing the Pattern Day Trading (PDT) rule that has been in place for 25 years.
Three Core Changes
1. Remove the $25,000 minimum account requirement
2. Remove the "day trader" label
3. Replace the previous trading frequency limit with a real-time risk margin system
Let's first talk about how absurd the old rules were
The PDT rule was created in 2001, after the internet bubble burst. To protect retail investors, the SEC added restri
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The Nasdaq index has completed an astonishing run of ten consecutive daily gains. Every time the US stock market drops, it’s an opportunity—just do it and that’s that.
Earlier, it was said that before April 15, the positions in the US stock market should be built up; it’s a once-a-year great opportunity, exactly the same as last year’s trade war.
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Claude is starting the ultimate methods of anti-distillation and account banning, KYC...
The Chinese people's world is collapsing.
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Aria increased 20 times and then dropped back to its original position within a few hours. Have the scam schemes from northern Myanmar all come to the crypto world?
ARIA-17,47%
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I tried out Qwen Code, and it's quite easy to use. It has a daily quota of 1,000 requests, with a maximum of 60 requests per minute, no token limit, so it's basically sufficient. All command-line features have Chinese annotations.
Qwen Code is a secondary development based on the open-source Gemini Code. Currently, it uses the latest model Qwen3.6 Plus. The coding model's capability ranks ninth worldwide, below GLM5.1(, which is third globally). The current Qwen3.6 Plus is only a mid-tier model; the flagship Qwen3.6 Max should surpass GLM5.1. It is expected to be released in about a month, p
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I tried out Qwen Code, and it's quite easy to use. It has a daily quota of 2,000 requests, with a maximum of 60 requests per minute, no token limit, so it's basically sufficient. All command-line features have Chinese annotations.
Qwen Code is a secondary development based on the open-source Gemini Code. Currently, it uses the latest model Qwen3.6 Plus. The coding model's capability ranks ninth globally, below GLM5.1(, which is third worldwide). The current Qwen3.6 Plus is only a mid-tier model; the flagship Qwen3.6 Max should surpass GLM5.1. It is expected to be released about a month after
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Alibaba has shifted its strategic focus on AI development, moving from pursuing an open-source ecosystem to commercial monetization. Core members of the Qwen team, including Lin Junyang and Hu Binyuan, left due to strategic disagreements. Former Alibaba Cloud CTO Zhou Jingren took over, and CEO Wu Yongming established the "Alibaba Token Hub" and formed an AI Strategy Committee, clearly aligning model development with cloud business revenue goals. The company has made a decisive turn, prioritizing MaaS and commercialization.
This transformation logic is a very correct choice at present. Althoug
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Is the awesome HappyHorse from Seedance 2.0 actually open source?
The person behind HappyHorse is Zhang Di from Taotian Group. He was previously the first key person at Kuaishou Kling, and before that, he was the head of big data and machine learning engineering architecture at Alibaba's Alimama. He worked at Alibaba for 10 years and was re-hired by his former employer last year.
However, you know how Alibaba's public relations hype goes; the actual experience might be a bit different. Compared to Seedance 2.0, matching Kling is still possible. The key point is that it's open source—what m
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The cheating distillation path of China's large models is about to be jointly shut down by the overseas Big Three. The good days for domestic large models are coming to an end. Let's see who will reveal their true colors first 😂
Kimi, Minimax, DeepSeek are all on the distillation blacklist, but GLM and Qwen were not named.
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Qwen3.6-Plus, based on my actual testing, clearly outperforms MiniMax M2.7 and is more multimodal. However, this time there aren't as many AI bloggers giving glowing reviews because Alibaba has cut off their supplies.
Probably because Alibaba's recent financial report issues led to a cut in their promotional budget. Honestly, that's the right move. They should have relied on real strength to win. When Qwen3.5 was released, they poured a lot of budget into hype and exaggerated claims, but the actual performance was a complete disaster.
Alibaba's current strategy has shifted to:
- Small models,
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Chinese large models are increasingly shifting toward semi-open source. The latest released large models are not immediately open-sourced, and those that promised to open source have not done so yet. This indicates that the industry has moved past the stage of using open source to gain attention and has entered a commercial phase focused on using closed source to maximize profits.
GLM 5.1 was not open sourced immediately.
MiniMax 2.7 was not open sourced.
Qwen 3.6 Plus also has not been open sourced.
Now, the trend is basically toward delayed open source or even closed source. Immediat
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I developed an options tool for Deribit, making it easier to sell options for bottom fishing. Instead of trading on the exchange's dual-currency wealth management products, why not do it yourself? Built using Deribit's open API, it helps find suitable options to sell, filtering for appropriate APR and good liquidity. It uses data to roughly assess whether current volatility is high or low, when selling options is profitable, and the smart money's direction.
GitHub repository: lianyanshe-ai/deribit-options-monitor
It monitors the BTC/ETH options market on Deribit and the design ideas behind the
BTC-1,32%
ETH-2,74%
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The hardest money to make in investing isn't from news, nor from emotions; it's from the expectation gap.
The so-called expectation gap means your understanding of a company is earlier and more accurate than the market's. Changes that the market hasn't yet seen, you spot in advance; logic that the market hasn't accepted, you accept early. When the market gradually reacts, the stock price begins to reflect your insight.
There are mainly three types of expectation gaps.
The first is performance expectation gap.
The market originally expected the company to earn 1 billion, but through res
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OpenAI said they want to create an integrated super app for desktop that combines ChatGPT, the coding platform Codex, and more.
Then I found that Doubao's desktop version is even more of a mess—chat, browser, image generation, videos—all of these are included, and it's been like that for at least half a year already. 😂
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After Trump’s reckless actions, the Federal Reserve was the first to loosen its stance.
Federal Reserve Chair Powell: Inflation expectations seem to have stabilized.
Traders have canceled their expectations of Fed rate hikes and are now considering the possibility of rate cuts this year.
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