Cailian Press Morning Brief: China and the US Reach an Eight-Point Consensus on Outcomes; Foreign Ministry Answers Reporters' Questions on Artificial Intelligence

①China and the U.S. reach an eight-point consensus on outcomes ②Foreign Ministry spokesperson answers a reporter's question on artificial intelligence ③Trump rejects Iran's proposal to reopen the Strait of Hormuz within seven days ④Apple is ordered in a patent case to pay $5.7 billion in damages to a company backed by litigation financing ⑤The largest semiconductor IPO in U.S. stock market history is coming. Macro News

1. From September 23 to 25 local time, Chinese President Xi Jinping paid a state visit to the United States. During the visit, the two heads of state had an in-depth exchange of views on a constructive strategic and stable relationship between China and the U.S. and major international and regional issues, and reached an eight-point consensus on outcomes.

2. A Foreign Ministry spokesperson answered a reporter's question on artificial intelligence. A reporter noted that when presenting the outcomes of the visit, the U.S. side used "superintelligence" instead of "artificial intelligence." The Foreign Ministry spokesperson said that during the meeting between the Chinese and U.S. heads of state, the two sides held in-depth discussions on artificial intelligence. Regarding the wording on artificial intelligence, China values the U.S. position and respects the U.S. formulation. Artificial intelligence technology is continuing to develop, and all parties can, in light of the latest developments, strengthen exchanges, conduct in-depth discussions, and seek consensus.

Industry News

1. Recently, an increasing number of technology industry leaders have called for attention to the existential risks that artificial intelligence poses to humanity, and Microsoft co-founder Bill Gates has joined their ranks. Gates latest warned that artificial intelligence could cause "a billion deaths."

2. According to data from trade intelligence company Kpler, despite the sharp escalation of conflict with Yemen's Houthi armed group, Saudi Arabia's crude oil exports surged substantially this month. Saudi Arabia's daily crude oil exports in September reached 6 million barrels, the highest level since the outbreak of the Iran war about seven months ago.

3. According to reports, Meta Platforms' AI product Muse has been found to have a security vulnerability that could affect user data and the security of virtual environments. For this reason, Meta plans to strengthen risk warnings.

4. According to China Three Gorges Corporation, all four indirect dry cooling towers of the supporting coal power project of the Kubuqi central-northern new energy base—China's first batch and first 10-million-kilowatt-level large wind and photovoltaic base in the "desert, gobi and arid" areas—have been topped out, and the project construction is accelerating toward the goal of unit commissioning.

5. The assembly cycle for the first flight phase of the Lijian-1 rocket was about 3 months. As Lijian-1 enters a stage of high-density, routine launches, it has basically achieved a launch mission every month. To match this, the annual production capacity of the Nansha assembly plant can reach 30 rockets, and the assembly cycle for one rocket has been shortened to about 15 days.

6. This week, Meta Muse set off a frenzy in the AI circle and the market and is regarded as "opening the next new narrative of AI demand expansion driven by products and scenarios." Meta CEO Zuckerberg said bluntly that "the future belongs to everyone," and the core of this vision is Muse. Muse is expected to become a superintelligence with a user base of billions in the future.

7. Jiang Peng, director and chief engineer of the FAST Operation and Development Center, introduced that from the terminal feed source to the RF circuit amplifier and all the way to the chip, they have been exploring layer by layer and have already spent several years. The phased array and 19-beam systems are still imported, and it is hoped that full domestic production can be achieved around 2028.

Company News

1. A federal jury in San Diego, United States, ruled that Apple must pay more than $5.7 billion in damages for infringing Taction Technology's vibration technology-related patents, which are used in multiple iPhone and Apple Watch products.

2. Reports show that Solidigm, a controlled subsidiary of memory giant SK Hynix, is considering an IPO as early as next year, with a target valuation that could be as high as $150 billion. People familiar with the matter said that corresponding to a $150 billion valuation, Solidigm may raise $15 billion in the IPO, which would also set a record for a semiconductor industry company IPO in the U.S. stock market.

Global Market

1. On the 25th local time, Russian President Putin said in response to media questions that Russia is pleased to see the meeting between the Chinese and U.S. heads of state.

2. The Wall Street Journal reported on the 25th, citing several U.S. officials, that U.S. President Trump rejected Iran's proposal to reopen the Strait of Hormuz within seven days and told his aides that he might resume bombing Iran after the U.S. congressional midterm elections in November.

3. Chatchart Sittipunt, Governor of Bangkok, Thailand, issued a statement on the 26th from the city government's disaster prevention and mitigation command center, declaring the entire city a flood disaster area.