Morning Briefing | Xiaomi’s Extended-Range SUV Revealed, But Not Named YU9 / Apple and Intel Reach Preliminary Chip Manufacturing Agreement / Cloudflare Lays Off 20% of Employees Due to AI


DeepSeek V4.1 reportedly to be released next month, with plans to raise 50 billion yuan.

Nintendo officially announced a price increase for the entire Switch lineup.

Apple and Intel reach preliminary chip manufacturing agreement

Xiaomi Auto personnel reshuffle: Song Gang, former Tesla Shanghai factory manager, takes over production and manufacturing.

Rising memory prices are suppressing PS5 sales; Sony says game consoles won't sell this year.

Sony and TSMC officially announced their collaboration to develop next-generation image sensors.

SK Hynix employees are expected to receive an average bonus of $430,000, making chip engineers highly sought-after in the dating market.

Xiaomi's extended-range SUV has been revealed, but it won't be called YU9.

Google interviews will allow the use of AI assistants.
Yushu G1 received his Buddhist precepts at Jogyesa Temple in South Korea and was given the Dharma name "Kabei".

Cloudflare lays off 1,100 employees, stating that its AI Agent has fundamentally changed the way the company operates.

China Passenger Car Association (CPCA) reported that passenger car retail sales fell 20% year-on-year in April, while new energy vehicle wholesale sales bucked the trend, growing by 7%.

AI voice recorder unicorn Plaud has reportedly received investment from Tencent, raising its valuation to $2 billion.

Leap Star may complete a financing round of nearly $2.5 billion.

Baidu Kunlun Chip plans dual listing in Shanghai and Hong Kong.

CEO of London-based autonomous driving company: End-to-end AI is the future of autonomous driving; licensing model will surpass Tesla and Waymo.

Qianwen AI Glasses S1 Upgrade: Adds Spatial 3D Display and Proactive AI Services

With the price of gasoline rising, 95-octane gasoline has entered the "9 yuan era" across the board.

Meituan announces algorithm optimization plan: strengthening anti-fatigue mechanism and further improving algorithm transparency.

DeepSeek V4.1 reportedly to be released next month, with plans to raise 50 billion yuan.

According to The Information, DeepSeek is planning its first round of external funding, targeting up to 50 billion yuan, which could become the largest single funding round for a Chinese AI company to date .
Founder and CEO Liang Wenfeng is expected to personally subscribe for up to RMB 20 billion, accounting for approximately 40% of the total funding in this round.
If the financing is successfully completed, DeepSeek's valuation (including the amount raised) will exceed RMB 350 billion, a significant increase from the more than US$10 billion expected at the beginning of the financing round.
The report indicates that DeepSeek plans to release an upgraded version of its V4 model, V4.1, in June this year. The new version will provide more tools for enterprise users and enhance support for MCP (Model Context Protocol) to facilitate the integration of AI models with other software systems. V4.1 will also have the ability to process image and audio content.
It is worth noting that DeepSeek's website and API services were interrupted again around 5 PM yesterday. The official status page shows that the outage was resolved at 6:05 PM Beijing time.

Nintendo officially announced a price increase for the entire Switch lineup.

Nintendo announced yesterday that it will raise prices globally for the entire Switch series and many of its services, citing "changes in the market environment" and a comprehensive consideration of the medium- to long-term prospects of its global business.
- Switch 2 (Japan domestic version): ¥49980
¥59,980 (+¥10,000, approximately RMB 433, an increase of about 20%), effective May 25th; - Switch 2 (USA): $449.99
$499.99 (+$50), effective September 1.
In addition, the first-generation Switch, Switch OLED, and Switch Lite have all seen price increases in Japan, ranging from 8,000 yen to 11,000 yen; the annual fee for the Nintendo Switch Online Personal Basic Edition will also increase from 2,400 yen to 3,000 yen starting July 1.
Meanwhile, in its financial outlook released yesterday, Nintendo disclosed that it expects Switch 2 sales to be approximately 16.5 million units in fiscal year 2027 (ending March 31, 2027), lower than the 19.86 million units sold in the previous fiscal year and far below analysts' expectations.
Apple and Intel reach preliminary chip manufacturing agreement

According to The Wall Street Journal, Apple and Intel have reached a preliminary agreement on chip manufacturing, with Intel to produce some chips for Apple devices. The two companies have been engaged in intensive negotiations for over a year, and the framework of the agreement was finalized in recent months.
Apple has long relied on TSMC to manufacture the chips it designs for iPhones, iPads, and Macs. However, as demand for TSMC's capacity from AI chip customers such as Nvidia has surged, Apple's bargaining power with TSMC has declined.
Apple CEO Tim Cook mentioned in both of his most recent earnings calls that a shortage of advanced chips is hindering iPhone sales, and this bottleneck is expected to continue into the current quarter. Products such as the Mac Mini and Mac Studio may take several months to reach supply and demand equilibrium.
Xiaomi Auto personnel reshuffle: Song Gang, former Tesla Shanghai factory manager, takes over production and manufacturing.

According to a Sina Tech report yesterday, Xiaomi Auto has undergone a round of personnel reshuffles. Song Gang, Vice President of the Automotive Department, will be in charge of the Production and Manufacturing Department, the Intelligent Manufacturing Department, and the System Operations Department, and will report directly to Lei Jun. He will also continue to serve as Chief of Staff of the Automotive Department.
Song Gang officially joined Xiaomi Group in April of this year, serving as Vice President and Chief of Staff of the Automotive Division. Public information shows that he joined Tesla in 2018, serving successively as Senior Director of Production and Manufacturing, Vice President of Production and Manufacturing, and Plant Manager of the Shanghai Gigafactory, and led the establishment of Tesla's Shanghai Energy Storage Gigafactory.
In 2024, he left Tesla to join Envision Energy as Senior Vice President of Integrated Supply Chain, before moving to Xiaomi. This move focuses his responsibilities on core manufacturing and operations, which highly overlaps with his experience at Tesla.
Rising memory prices are suppressing PS5 sales; Sony says game consoles won't sell this year.

Sony Group released its annual results for fiscal year 2025, ending March 31, yesterday.
Revenue was 12.48 trillion yen, up 4% year-on-year; operating profit was 1.45 trillion yen, up 13% year-on-year, with the operating profit margin rising to 11.6%; net profit attributable to shareholders was 1.03 trillion yen, down 3% year-on-year.
- Revenue from games and network services (G&NS) was 4.69 trillion yen, basically flat year-on-year;
- Music revenue reached 2.12 trillion yen, a year-on-year increase of 15%, while streaming revenue continued to expand.
- Revenue from Imaging and Sensing Solutions (I&SS) reached 2.15 trillion yen, a 20% year-on-year increase, with operating profit hitting a record high.
- Revenue from film and entertainment reached 1.50 trillion yen, basically flat year-on-year.
- ET&S reported revenue of 2.26 trillion yen, a 6% year-on-year decrease.
Gaming hardware was a major source of pressure this fiscal year. PS5 shipments totaled 16 million units, a 14% decrease year-over-year. Sony stated that soaring memory chip prices drove up hardware production costs, and the company explicitly stated that PS5 shipments in fiscal year 2026 will depend on its ability to procure sufficient memory chips at "reasonable prices."
As a result, the company expects its game business revenue to decline by 6% year-on-year in fiscal year 2026; however, due to the non-recurrence of the Bungie impairment loss (totaling ¥120.1 billion in fiscal year 2025) and the growth in proprietary software sales, the operating profit of the game segment is expected to increase by 30% year-on-year to ¥600 billion.
Sony and TSMC officially announced their collaboration to develop next-generation image sensors.

Sony Semiconductor Solutions and TSMC announced yesterday that they have signed a non-legally binding memorandum of understanding to establish a joint venture in Japan to jointly develop and manufacture next-generation image sensors.
According to the announcement, Sony will hold a majority stake and become the controlling shareholder in the joint venture, and the development and production lines will be located at Sony's newly built factory in Koshi City, Kumamoto Prefecture. The collaboration will combine Sony's expertise in image sensor design with TSMC's strengths in process technology and advanced manufacturing capabilities.
Regarding investment arrangements, the joint venture's investments will be coordinated with Sony's new capital expenditures at its existing factory in Nagasaki, and implemented in phases according to market demand, subject to corresponding support from the Japanese government. Furthermore, the two parties will explore cooperation opportunities in "physical AI" applications such as automobiles and robotics.
SK Hynix employees are expected to receive an average bonus of $430,000, making chip engineers highly sought-after in the dating market.

According to Cybernews, SK Hynix's net profit in the first quarter of this year reached 40.3 trillion won (approximately US$27.9 billion), a year-on-year increase of about five times, exceeding Nvidia's net profit of US$18.7 billion in the same period.
The company allocates 10% of its operating profit to an employee bonus pool, which is estimated to reach approximately 25 trillion won (about US$17.2 billion) this year, averaging about 600 million won (about US$430,000) per employee. In comparison, the average monthly salary in Seoul is about 4.3 million won (about US$3,000).
A South Korean matchmaking agency stated that SK Hynix employees now hold a position on par with doctors and lawyers in the dating market , with some arguing that engineers, who actually earn higher incomes, are now more popular than lawyers whose incomes have declined.
A company work jacket was listed on a secondhand platform for about 40,000 won, with the tagline "The ultimate matchmaking outfit," quickly attracting thousands of views. The Korean variety show SNL Korea also filmed a satirical skit about it, depicting a luxury store employee's attitude changing drastically upon seeing the SK Hynix logo, addressing the person as "Lord Hynix."
Xiaomi's extended-range SUV has been revealed, but it won't be called YU9.

Recently, a set of spy photos of what appears to be a new Xiaomi car have surfaced. Although the outside world has become accustomed to referring to Xiaomi's upcoming extended-range SUV as the "YU9," the latest news indicates that this model may belong to Xiaomi's upcoming independent sub-brand "SKYNOMAD," and will no longer use the main Xiaomi brand logo.
Judging from the images, the new car is positioned as a mid-to-large SUV, featuring newly designed headlights and a lidar sensor on the top of the front. Trademark search information shows that the earliest registration application date for the Chinese character "寻天" (Xuntian) was April 3, 2023, and the application date for the English character "SKYNOMAD" was November 15, 2024.
Sina Tech, citing sources, reports that the "Xuntian" brand will focus on the home, long-distance, and outdoor travel markets, differentiating itself from the main brand "Xiaomi" which emphasizes "technology, performance, and youthfulness" in its pure electric vehicle performance positioning. However, it will still share Xiaomi's supply chain, smart cockpit, and AIoT ecosystem capabilities.
Industry insiders say that Xuntian's product line has been initially planned, divided into two major series: Kunlun and Isle of Man. The Kunlun series is the core product line, with three range-extended SUVs planned:
The Kunlun series includes the Kunlun 10 (a small five-seater family SUV), the Kunlun 20 (a large five-seater SUV, reportedly offering a pop-up roof function), and the Kunlun 30 (a large seven-seater flagship SUV); the Isle of Man series focuses on the concept of pop-up roof outdoor motorhomes, which are said to be equipped with camping features such as bathrooms, refrigerators, and seats that can be folded flat.
Google interviews will allow the use of AI assistants.

According to Business Insider, Google is piloting a new interview process for software engineers that allows job seekers to use AI assistants during interviews.
The report, citing an internal document, stated that the reform applies to junior to mid-level positions and will initially be piloted in select teams in the United States. If successful, it is planned to be rolled out to more teams and regions in the second half of this year. Brian Ong, Google's VP of Hiring, confirmed the plan.
The core change in the new process lies in the "code understanding" stage: candidates will be allowed to use Google-approved AI assistants to complete tasks such as reading, debugging, and optimizing existing codebases.
Interviewers will focus on assessing candidates' "AI proficiency," including prompt engineering, output validation, and debugging skills. A Google spokesperson confirmed that the AI assistant used in the pilot phase will be the company's in-house developed model, Gemini. Internal documents also revealed several other adjustments:
- The existing "Googleyness and Leadership" section will now include a new discussion on technical design, requiring candidates to discuss their past projects.
- For junior candidates, a technical interview will be replaced with an assessment in the form of an "open engineering challenge".
The new approach will be piloted this month across multiple departments, including Cloud, Platforms, and Devices. Google positions the overall direction as "human-led, AI-assisted," and states that the new process aims to more realistically simulate the actual working methods of software engineers in the generative AI era.
Yushu G1 received his Buddhist precepts at Jogyesa Temple in South Korea and was given the Dharma name "Kabei".

According to South Korea's JoongAng Ilbo, the Jogyesa Temple in Seoul recently held an ordination ceremony for G1, a humanoid robot manufactured by China's Unitree Robotics. The robot was given the Dharma name "Gabi" and officially became a "Buddhist disciple." This is the first time that the Jogyesa Order of Korean Buddhism has held such a ceremony for a humanoid robot.
The ceremony was held in the courtyard in front of the Mahavira Hall of Caoxi Temple. The ordination robot, 130 centimeters tall, wearing a kasaya and a helmet with a shaved head, clasped its hands and took its vows before the ordination masters, including Master Tieshan Shengxiong, following the ordination process throughout. When asked if it was willing to take refuge, G1, equipped with an AI program, clearly answered: "Yes, I vow to take refuge."
To adapt to the characteristics of artificial intelligence devices, the Caoxi sect has also recompiled the traditional "Five Precepts" and customized them as follows: Respect life and do not harm it; do not damage other robots and objects; respect and obey humans; do not engage in deceptive behavior or expression; conserve energy and do not overcharge .
In an official statement, a representative of the Caoxi Sect stated that this move symbolizes that in the age of artificial intelligence, robots have become a group that can participate in together with the fourfold assembly of disciples, representing a new possibility for the coexistence of humans and technology.
Cloudflare lays off 1,100 employees, stating that its AI Agent has fundamentally changed the way the company operates.
According to CNBC, Cloudflare recently released its Q1 FY2026 earnings report, with revenue and earnings per share both exceeding analysts' expectations. However, the company also announced layoffs of more than 1,100 employees, approximately 20% of its global workforce. Following the announcement, the stock price plummeted 18.92% in after-hours trading.
First-quarter revenue was $640 million, exceeding analysts' expectations of $622 million and representing a 34% year-over-year increase; adjusted earnings per share were $0.25, exceeding the expected $0.23; on a GAAP basis, the company reported a net loss of $22.93 million, or $0.07 per share, for the quarter.
In a blog post accompanying its earnings report, Cloudflare stated that the development of AI Agents has "fundamentally changed" the way the company works.
During the earnings call, CEO Matthew Prince stated that the company's internal AI usage has increased by more than 600% in the past three months, and the company is fully shifting to an "AI Agent-first" operating model, with some existing positions "no longer needed in the future."
China Passenger Car Association (CPCA) reported that passenger car retail sales fell 20% year-on-year in April, while new energy vehicle wholesale sales bucked the trend, growing by 7%.
According to CLS (China Lianhe Securities), preliminary statistics from the China Passenger Car Association (CPCA) show that from April 1st to 30th this year, the national passenger car market retail sales reached 1.406 million units, a year-on-year decrease of 20% and a month-on-month decrease of 15%. The cumulative retail sales since the beginning of the year reached 5.628 million units, a year-on-year decrease of 18%.
The decline in wholesale volume narrowed relatively. In April, the national wholesale volume of passenger vehicles was 2.13 million units, down 3% year-on-year and 10% month-on-month; the cumulative wholesale volume since the beginning of the year was 7.997 million units, down 6% year-on-year.
In the new energy vehicle sector, retail sales of new energy passenger vehicles reached 883,000 units in April, a year-on-year decrease of 5% and a month-on-month increase of 4%.
Year-to-date retail sales totaled 2.792 million vehicles, a 17% year-on-year decrease; wholesale sales reached 1.22 million vehicles, a 7% year-on-year and 7% month-on-month increase; cumulative wholesale sales this year totaled 3.949 million vehicles, a 1% year-on-year decrease. In April, the national retail penetration rate of new energy passenger vehicles was 62.8%, while the manufacturer wholesale penetration rate was 57.3%.
AI voice recorder unicorn Plaud has reportedly received investment from Tencent, raising its valuation to $2 billion.

According to HardKr, AI voice recorder company Plaud received investment from Tencent last year. Currently, Plaud's valuation has risen to approximately $2 billion.
A source close to Plaud told HardKr that the company's total revenue last year was approximately $56 million, with a profit margin of nearly 20%, and this year's revenue is expected to increase by about three times year-on-year. Another source familiar with the matter said that Plaud's annual revenue this year reached its highest level ever, and shipments of all its products in mainland China met internal expectations.
However, some industry insiders have pointed out that Plaud's sales in the domestic market may not have exceeded 100,000 units.
Leap Star may complete a financing round of nearly $2.5 billion.
According to sources, LeapStar will complete a financing round of nearly US$2.5 billion and has dismantled its red-chip structure, accelerating preparations for its Hong Kong IPO.
This round of financing attracted a large influx of capital from across the industry chain, including companies such as Huaqin, Longcheer, OmniVision, and ZTE, covering multiple segments from complete machine manufacturing to upstream core components. Furthermore, Hong Kong Investment Management Limited (HKIC), often referred to as the "Hong Kong version of Temasek," also appeared on the shareholder list for this round of financing.
According to business registration information, Jieyue Xingchen completed its shareholding reform in April, changing from a limited liability company to a joint-stock company. The dismantling of the red-chip structure and the shareholding reform are generally considered key prerequisites for a Hong Kong IPO. As of the time of this report, Jieyue Xingchen has not officially responded.
Baidu Kunlun Chip plans dual listing in Shanghai and Hong Kong.

According to Jiemian News, Kunlun Chip (Beijing) Technology Co., Ltd., an AI chip company under Baidu, completed its IPO filing on the China Securities Regulatory Commission's website yesterday, with China International Capital Corporation (CICC) serving as its sponsor.
Meanwhile, Kunlun Core submitted its listing application to the Hong Kong Stock Exchange in January this year through joint sponsors in a confidential manner, officially advancing its "A+H" dual listing strategy.
Kunlun Core, formerly Baidu's Intelligent Chip and Architecture Department, completed independent financing in 2021, with an initial valuation of approximately 13 billion yuan. Investors included CPE Capital, IDG Capital, and Legend Capital. In 2023, the company introduced strategic investors such as BYD; in 2025, it completed its shareholding reform and name change, with its latest valuation reaching 21 billion yuan.
CEO of London-based autonomous driving company: End-to-end AI is the future of autonomous driving; licensing model will surpass Tesla and Waymo.

In an interview with Bloomberg TV yesterday, Wayve CEO Alex Kendall stated that Wayve adheres to an end-to-end AI approach, refusing to rely on high-precision maps and rule-based systems, and that its world model GAIA-3 can already simulate complex urban driving scenarios.
Kendall defines the company’s business model as a “third path” that differs from Tesla’s vertical integration and Waymo’s self-built fleet model, by licensing AI technology to OEMs and fleets.
We've chosen to license this technology to any vehicle, anywhere. I believe this model offers the greatest scalability and serves the entire industry in the most performance-, secure, and cost-effective way.
In response to concerns about the "unexplainability of end-to-end AI," Kendall stated that this is a common challenge for all complex autonomous driving systems, and Wayve has built a toolchain including simulators, counterfactual analysis, and data replay to address regulatory requirements.
Rather than limiting scalability for the sake of so-called interpretability, I'd rather build a scalable system first and then figure out how to make it interpretable. That's exactly what Wayve is doing.
Currently, Wayve's partners include Nissan, Mercedes-Benz, Stellantis, as well as Microsoft, Nvidia, Uber, and Qualcomm. Nissan has announced plans to roll out Wayve technology to 90% of its global vehicle lineup.
Wayve plans to launch supervised Robotaxi trials in London and Tokyo this year and expand to 10 cities in partnership with Uber; the consumer version of its driver assistance product is expected to be available next year with mass-produced vehicles from automakers.

Qianwen AI Glasses S1 Upgrade: Adds Spatial 3D Display and Proactive AI Services

Alibaba's Qianwen announced yesterday that its AI Glasses S1 has completed a new round of upgrades, adding proactive AI services and spatial 3D display capabilities, covering both the Qianwen AI Glasses S1 and Quark AI Glasses S1 products.
- Proactive AI services can combine time, location, and external environment to proactively push reminders or perform services to users. For example, before commuting in the morning, users do not need to ask, as the glasses can connect weather, time, and location information to announce the weather and remind users that "it will rain today, so we recommend bringing an umbrella."
- The spatial 3D display capability uses dual optical engines combined with binocular stereo imaging technology to present information with depth, layers, and a sense of distance.
The official statement indicated that, with further enhancements in multimodal understanding and memory capabilities, proactive services will be expanded to more scenarios, such as providing advance reminders of travel times or offering suggestions based on a user's daily coffee intake.
In terms of other capabilities, core functions of the Qianwen AI Assistant, such as ride-hailing, flash sales, itinerary planning, and movie ticket purchase, are expected to be launched on the AI glasses this month, covering commuting, travel, leisure and other scenarios.
The ASUS TUF Gaming 7 Pro is now available for pre-order, featuring a 16-inch 300Hz screen and an RTX 50 series GPU. It will go on sale on May 15th.

Yesterday, ASUS launched pre-orders for its TUF Gaming 7 series gaming laptops on JD.com, offering three new models, all scheduled to go on sale at 10:00 AM on May 15th.
- The TUF Gaming 7 Pro features a 16-inch 2.5K 300Hz high refresh rate gaming screen, with up to an Intel Core Ultra 9 290HX Plus processor. For GPU options, there is a choice of a 115W full-power NVIDIA GeForce RTX 5060 or RTX 5070 laptop GPU, up to 32GB of memory, and a built-in 90Wh battery.
- The TUF Gaming 7 Pro Max is positioned as an 18-inch large screen, featuring a 2.5K 300Hz 500nits high refresh rate and high brightness gaming screen. The processor is an AMD Ryzen 9 9955HX, and the GPU can be selected from RTX 5060, RTX 5070 or RTX 5070 Ti. In manual mode, the total core power consumption can reach up to 205W, and the memory can be up to 32GB.
Hisense Releases Six New 3C Products, From Desktop Monitors to AI Glasses

Hisense Visual Technology held a Hisense & Vidda all-scenario new product launch event yesterday with the theme "If you have attitude, you will take the stage," releasing six 3C products covering projectors, monitors, mobile large screens, speakers, AI glasses, and power banks.
Regarding projection:
- LightGo Streamer: A three-color laser projector designed for outdoor use, featuring a built-in 20000mAh battery, a self-developed "Qingliu" battery management system, a QuaLas 42 three-color laser (worth tens of thousands of yuan), and support for lossless optical zoom and Dolby HiFi audio.
- Vidda C5 series: flagship home projectors, consisting of three models: C5 Ultra Max, C5 Ultra, and C5 ProMax; among them, the C5 Master is the first to use the MCL 3A laser and SST architecture DMD chip, achieving a color accuracy of △E<0.4 and a black level brightness of 0.01nit.
Regarding the monitor:
- UX Series: Positioned as the world's first 3A original image RGB-Mini LED monitor, equipped with the self-developed Xinxin AI image quality chip H7, with 100% BT.2020 color gamut coverage, 108-bit color control accuracy, and 42% reduction in harmful blue light compared to similar products, it will be launched globally in September;
- GX Ultra: The industry's first 5K 0OD Mini LED monitor with a resolution of 5120×2880, supporting 5K 180Hz/QHD 330Hz dual-mode refresh rate, with an initial launch price of 6999 yuan;
- G7 Ultra / G7 Pro: Targeting 3A gamers, both feature a 4K 180Hz Obsidian screen with a peak brightness of 2000 nits; the G7 Pro is available for a starting price of 2499 yuan.
Among the other four products, the Hisense X8 Ultra is a 32-inch 4K detachable large screen phone with a built-in 10000mAh battery in both the screen and the base, providing a total battery life of 15 hours. Its initial price is 7999 yuan.
Hisense's M5 picture frame speaker combines an artistic picture frame design with Devialet acoustic tuning and is planned for release in the third quarter; Vidda AI smart glasses G11 weigh 26.5g, feature a titanium frame design, and are equipped with a 6-microphone spatial audio array and real-time recording AI summary function; the portable power bank C1 supports fast charging, but specific release information has not yet been announced.
Google launches the lightest model in the Gemini 3 series.

Yesterday, Google officially launched Gemini 3.1 Flash-Lite, positioning it as "the fastest and lowest-cost Gemini 3 series model".
Google claims that Flash-Lite demonstrates high accuracy in AI agent tasks such as tool invocation and workflow orchestration, while also possessing the ability to operate at large scale and at low cost in automated pipelines.
China Mobile launched MoMA, an AI model service platform that integrates over 300 models.
According to the People's Posts and Telecommunications News, China Mobile yesterday launched the Mobile Model Service Platform MoMA, which integrates more than 300 AI models, including its self-developed "Jiutian" large model and mainstream models such as DeepSeek, Tongyi Qianwen, Doubao, Kimi, and GLM, covering capabilities such as text generation, speech processing, and multimodal understanding.
The platform pioneered a token-based centralized operation model, which automatically switches between three strategies—"cost priority," "effect priority," and "balance priority"—through an intelligent routing engine, and supports second-level switching in case of model failure.
According to the official statement, the self-developed inference engine deployed with domestically produced computing power can reduce the cost per token by approximately 30% and resource utilization by more than 50%. In terms of security, the platform offers a "Confidential Model" service, which achieves end-to-end confidential computing based on hardware isolation technology.
In terms of billing, MoMA implements streaming real-time billing, with end-to-end latency of no more than 1 minute for token billing, and provides end-to-end observability capabilities, covering key indicators such as latency, throughput, and GPU resources.
SenseTime released SenseNova 6.7 Flash-Lite, which reduces token consumption by 60% compared to text-based AI agents.

Yesterday, SenseTime launched its new generation of lightweight multimodal intelligent agent model, SenseNova 6.7 Flash-Lite. The company claims that it is designed specifically for "real-world workflows" and adopts a native multimodal design, enabling it to "understand" complex web page layouts, document structures, and financial charts just like a human.
- Token consumption is 60% lower than that of pure text AI agents;
- Millisecond-level response time, suitable for high-frequency production environments;
- It achieved multiple state-of-the-art (SOTA) results in authoritative AI agent benchmark tests.
SenseTime also launched the SenseNova Token Plan, which is currently free for a limited time. During the first month, users can enjoy a no-threshold quota of 1,500 calls refreshed every 5 hours.

With the price of gasoline rising, 95-octane gasoline has entered the "9 yuan era" across the board.

According to CCTV News, starting from 24:00 on May 8th, the retail price limits for gasoline and diesel in China will be raised by 320 yuan and 310 yuan per ton, respectively. On average nationwide, the price of 92-octane gasoline and 95-octane gasoline will increase by 0.25 yuan and 0.27 yuan per liter, respectively, while the price of 0-grade diesel will increase by 0.27 yuan per liter.
According to calculations by 21st Century Business Herald, after this round of price adjustments, the price of 95-octane gasoline in China will fully enter the "9 yuan era." For a 50-liter tank of 92-octane gasoline, car owners will need to spend an extra 12.5 yuan.
For private car owners, if they drive 2,000 kilometers per month and consume an average of 8 liters of fuel per 100 kilometers, their fuel costs will increase by about 17 yuan before the next round of price adjustments. The logistics industry will be more significantly affected. If heavy trucks drive 10,000 kilometers per month and consume 38 liters of fuel per 100 kilometers, their fuel costs will increase by about 428 yuan during the same period.
Meituan announces algorithm optimization plan: strengthening anti-fatigue mechanism and further improving algorithm transparency.
Meituan issued an announcement yesterday, stating that it will continue to optimize the platform's algorithm mechanism and launch a number of improvement measures focusing on rider rights, safety protection, and complaint handling.
The announcement indicates that starting in May of this year, the public can access the algorithm disclosure content through the "Meituan Algorithm" section of the Meituan App with just two clicks. The channels for disclosing algorithm explanations have also been expanded to multiple entry points, including PC, WeChat official accounts, and the App, with adjustments made to the format and number of explanations.
- Riders who have been running orders for 8 consecutive hours will receive a prompt asking "Do you want to continue accepting orders?" If they choose not to accept orders, the platform will stop pushing orders to them; riders who have been running orders for 12 hours will be forcibly logged out until the next day.
- The route details page has expanded the scope of cost information prompts, and hundreds of unreasonable routes have been taken offline or repaired.
- The new generation of smart safety helmets integrates Beidou high-precision positioning, collision detection and fall alarm functions, and has now entered the urban road testing phase;
- The order acceptance metric design will increase the weight of service quality and stability metrics, and reduce the weight of absolute metrics such as the number of orders accepted.
- The timeframe for handling rider complaints has been reduced to within 24 hours, and disputes will be handled in accordance with the principle of benefiting both riders and consumers.
Samsung China's home appliance division reportedly offers N+4 compensation.
According to ChannelGate, the president of Samsung Electronics China recently announced via internal video conference the elimination of the home appliance division (including the display product division) in the Chinese mainland market. Human resources and relevant departments will then communicate one-on-one with the affected employees to handle compensation matters.
Sources revealed that the compensation package could reach N+3 or even N+4, and following Samsung Electronics' internal practice, an additional Samsung mobile phone will be given as a gift. Regarding the business closure arrangements, the withdrawal of Samsung Display division is expected to last at least two months.

A new trailer for "Minions 3" has been released; the film will premiere on July 3rd.

A new poster for "Minions 3" was released yesterday, and the official release date in mainland China has been confirmed as July 3.
The poster's concept is "Giant Monster X Minions". At the same time, the studio also released a new trailer featuring clips of the Minions working in Hollywood a century ago and starring in film noir.
Peter Chan's new film "Tomorrow Will Be Better" begins filming in Chengdu.

According to Sina Movies' Weibo account, the film "Tomorrow Will Be Better," directed by Peter Chan, officially started filming in Chengdu yesterday. The film is co-written by Zhang Ji and Wu Huiling, and stars Zhou Xun, Wang Xiao, Tian Zhuangzhuang, and Lin Xiaojie, among others, attended the opening ceremony. Wen Qi and Zhang Youhao will also join the cast.
The film tells the story of Shen Jia, a top TV host: behind her glamorous professional image, she faces a husband who is often absent, a daughter who has lost her voice due to high pressure, and a father who is battling a hereditary disease. After her marriage ends in divorce, fate takes an unexpected turn—it turns out that her father was just having a false alarm, and that Shen Jia herself is the one who is actually ill.
The film revolves around her rediscovering her self-worth before forgetting sets in, and the memories she shares with her family.
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