GuShiio.com ① The former chief technology officer of OpenAI established a new company to promote the development of artificial intelligence;
② Musk’s Company X is reported to have negotiated financing, with a valuation of US$44 billion;
③ Tesla is reported to have begun selecting sites in India to build a new electric vehicle manufacturing plant.
Cailian News, February 19 (Editor Xia Junxiong)Before Wednesday’s session, major stock index futures in the U.S. stocks were basically flat, while major European indices generally fell.
(Source: YingweiCaijing)
Last trading day, the S & P 500 hit another record high, although investors remained concerned about inflation and U.S. stocks President Trump’s trade policies.
Trump announced on Tuesday that he may impose import tariffs of about 25% on automobiles, semiconductors and medicines, and the decision will be officially announced as early as April 2.
In recent weeks, investors have tended to view Trump’s tariff plan more as a negotiating tactic.
Craig Johnson, chief market technical analyst at Piper Sandler, said: “The stock market’s year-to-date resilience is impressive as investors refuse to ‘back down’ amid rising negative sentiment and growing concerns about tariffs and inflation. We expect markets to continue to be volatile and investors may turn to small-cap stocks against the backdrop of downward bond yields, weak crude oil prices and a falling dollar.”
Gold prices continue to hit record highs. Futures contracts rose to $2960 an ounce before falling back.
As of press time, Ultramicro Computer’s U.S. stocks rose more than 7% before the market, and rose more than 16% in the previous trading day.
company news
[Former Chief Technology Officer of OpenAI establishes a new company to promote the development of artificial intelligence]
On February 18, local time, Mira Murati, former chief technology officer of OpenAI, announced the establishment of a new company called “Thinking Machines Lab.” Murati said it is a company founded by scientists, engineers and builders that will focus on: helping people adapt artificial intelligence systems to meet their specific needs; laying a solid foundation for building more capable artificial intelligence systems; and cultivating a culture of open science that helps the entire field understand and improve these systems. The company’s goal is to make artificial intelligence more useful and understandable through a solid foundation, open science and practical applications, thereby promoting the development of artificial intelligence.
[Musk’s Company X is reported to be negotiating financing, with a valuation of US$44 billion]
According to people familiar with the matter, Elon Musk’s social media company X is negotiating to raise funds at a valuation of $44 billion, the same price Musk paid when he acquired the company in 2022. People familiar with the matter said that negotiations for a new round of Series X financing are still in progress, details may change, and the company may also abandon financing negotiations. This is Musk’s first known round of investment since taking the social platform private.
[Tesla is reported to have begun selecting sites in India to build a new electric vehicle manufacturing plant]
People familiar with the matter said that Tesla has begun to find land in India to build a new electric vehicle manufacturing plant there, and Maharashtra will be Tesla’s first site. The Maharashtra government provided Tesla with sites in Chakan and Chikhali near Pune. Government officials said negotiations had taken place but had not yet been finalized.
[iPhone parts manufacturer Murata Manufacturing Co., Ltd. considers transferring some of its production capacity to India]
Norio Nakajima, president of iPhone parts maker Murata Manufacturing Co., Ltd., said the company is measuring growing demand in India and is simulating the conditions needed to accelerate the pace of investment in India. Nakajima said,”We have always mainly produced the latest capacitors in Japan, but customers have asked us to produce more products overseas, in part because of business continuity planning considerations.” The 63-year-old executive said that nearly 60% of the company’s multilayer ceramic capacitors are currently produced in Japan, but that proportion could drop to nearly 50% in the next few years.
[Google will pay 326 million euros to settle Italian tax case]
Prosecutors in Milan, Italy, said on February 19 that they planned to drop the lawsuit against Google’s European branch after Google agreed to pay 326 million euros (approximately US$340 million) to resolve tax claims. Prosecutors said in a statement that the agreement covers sanctions, fines and interest from 2015 to 2019. Milan prosecutors accused Google of failing to declare and pay taxes on income generated in Italy, based on the digital infrastructure it owns in Italy.
Events worthy of attention during the U.S. stock market period (Beijing time)
on February 20
03:00 The Federal Reserve releases minutes of the January monetary policy meeting
