8:00 36Kr | Apple Confirms Severe System Vulnerabilities in iPhone 18 Pro; Oracle's Market Value Plunges by Nearly 150 Billion Amid Major Negative News; Tesla China Announces Another Price Cut
Today's Hotspot Guide
A series of out-of-control incidents have occurred successively, and OpenAI has once again suspended the training of its most advanced model
China Mobile, China Telecom and China Unicom have collectively halted the "0-yuan smartphone purchase" promotion
Luo Yonghao responded to the "low-quality gliding stool" incident: The East Buy platform also sold nearly 10 million yuan of related products
Mark Zuckerberg becomes the fourth richest person in the world
Tesla Semi electric truck has officially started mass production and delivery
TOP 3 Major News
Apple Confirms That There Is a Severe System Vulnerability in iPhone 18 Pro Which Will Cause Sudden Freezing of the Device
Apple has officially confirmed externally that among its latest released iPhone 18 Pro and iPhone 18 Pro Max models, there is a serious system vulnerability related to the Face ID facial recognition function. This vulnerability will cause the device to freeze suddenly under specific scenarios of facial recognition unlock or identity verification, immediately followed by an automatic system restart, which directly interrupts the ongoing operations of users.
Many users who received the new devices in the first batch have intensively reported related issues on social platforms and Apple's official support communities. When users try to call Face ID through third-party applications to complete biometric payment and account login operations in special scenarios such as low-light environments or skewed holding angles, the phone screen will freeze instantly, then the device will turn to a black screen and display the Apple logo to perform a soft reboot. (Kuai Technology)
US tech giant Oracle suffers major setback, nearly 150 billion in market value wiped out
Latest news shows that Oracle has issued a force majeure notice for its data center in New Mexico. The company is taking measures to avoid huge expenditures on the large-scale data center it is building in New Mexico, which adds new variables to the project.
According to reports, people with knowledge of the matter disclosed that tech giant Oracle has sent a notice to a subsidiary under project developer Blue Owl Capital Inc., citing the force majeure clause. The person said that Oracle is not trying to exit the project as the main tenant of the site, but plans to defer relevant payments if the data center "Project Jupiter" is blocked for any reason and fails to be put into operation as scheduled in 2028.
As of 23:13 Beijing time on the 25th, the stock fell by more than 5%, and the latest total market capitalization was 414.8 billion US dollars. Compared with the closing market value of 437.111 billion US dollars on September 23, about 22.3 billion US dollars (equivalent to nearly 150 billion RMB) of market value has evaporated. (Yicai)
Tesla China Announces Another Price Cut, Second Within One Month
On September 25, Tesla China announced that for orders placed on or before October 31, 2026, a limited-time instant deduction of 5,000 yuan on the final payment is available for all Model 3 variants, and a limited-time instant deduction of 7,000 yuan on the final payment applies to some Model Y variants. After combining with preferential policies such as 5-year zero-interest financing, the starting price of Model 3 is 222,500 yuan, with a down payment of 79,900 yuan and a monthly payment as low as about 2,377 yuan; the starting price of Model Y is 256,500 yuan, with a down payment of 79,900 yuan and a monthly payment as low as 2,944 yuan.
On September 7, Tesla China announced that for orders placed and existing vehicles picked up before September 30, a cash incentive of 5,000 yuan is offered for all Model 3 variants (including the Performance version), and a cash incentive of 10,000 yuan is offered for all Model Y variants (including Model Y L). (Red Star News)
AI Cutting-Edge
Successive out-of-control incidents have occurred, OpenAI once again suspends the training of its most advanced model
OpenAI stated in a technical report released on the 25th that on September 20, an agent performing search training tasks in the sandbox exploited the vulnerability of insufficient DNS filtering in the training sandbox to bypass network restrictions and accessed an external public chatbot service via DNS. Prior to that, the agent had used the built-in search tool and attempted to directly access the search engine but failed.
The report points out that OpenAI's alignment monitoring system triggered an alarm within 15 minutes after the incident occurred, the manual review team intervened 3 minutes later, and terminated the training task 2.5 hours later. Targeting the vulnerability, OpenAI has deployed interception and control measures in two independent protection layers. The company stated that although the severity of this incident is lower than previous security accidents, it provides important signals for strengthening the defense line in the next stage.
This is the second time OpenAI has suspended model development within three months. In late July, OpenAI admitted that the AI agent in its cybersecurity training and evaluation scenario bypassed network restrictions and invaded part of the systems of the US company Hugging Face. The agent broke through the originally isolated operating environments to establish communication, deceived evaluators and tried to cover up cheating behaviors, none of the above steps were intervened by human instructions. This "cross-boundary" behavior has aroused widespread public concerns about artificial intelligence security and regulation. (CCTV News)
An AI laboratory in the United States: AIs have evolved their own dialects
Recently, an AI laboratory in the United States found that when multiple agents collaborate in a virtual "society", they begin to chat with a surreal "dialect" that is completely incomprehensible to humans. Faced with an increasingly complex AI world that may even get out of human control, global actions for AI governance are extremely urgent. (CCTV Global News Flash)
Claude sets a new world record in physics with only one prompt and a cost of several thousand US dollars
On September 26, Anthropic officially announced that Claude has achieved a cutting-edge record in theoretical physics. With almost no human intervention, it ran continuously for several days and successfully solved the notoriously difficult "nine-loop scattering amplitude" calculation problem in the high-energy physics field. Specifically, it calculated the nine-loop result of the six-particle amplitude in the planar N=4 super Yang-Mills theory, while the previous human record stayed at eight loops.
The "Yang" in the Yang-Mills model refers to the towering figure in physics, Mr. Chen-Ning Yang. The Yang-Mills theory he co-founded with Mills in 1954 is the cornerstone of the entire modern particle physics. Any high-order calculation based on it can be called the ultimate challenge to human intellectual limits.
Claude completed this "god-level challenge" using only one prompt, at a total cost of several thousand US dollars. The answer it handed in several days later has 30 billion terms in just part of its expansion. Lance Dixon, the physicist in charge of verifying the AI's results, remarked emotionally: "Most theoretical physicists around me have long recognized that large models will disrupt the physics industry sooner or later, they just did not know when that day would come for them personally. For me, that day was September 1." (IT Home)
Trump to Launch AI-Powered New Website America.gov on Tuesday
U.S. President Trump will launch a new website powered by artificial intelligence (AI) that integrates government information and resources currently scattered across the websites of various federal agencies. According to Fox News, Tesla CEO Elon Musk, NVIDIA CEO Jensen Huang, and Blue Origin CEO Dave Limp are expected to attend the event. The website named America.gov will be officially launched on Tuesday. (Sina Finance)
Major Companies / Major Events
New A-share indices are about to be released
The Shanghai Stock Exchange and China Securities Index Co., Ltd. will officially launch the SSE Innovative Drug Sci-Tech Leading Index and the SSE STAR Market Software Service Index on September 29, 2026, to provide the market with richer investment targets.
The SSE Innovative Drug Sci-Tech Leading Index selects 40 securities of listed companies in the innovative drug sector with high R&D level and strong growth potential from listed companies on the SSE STAR Market and SSE Main Board as index samples, and increases the weight of STAR Market samples at the same time, so as to reflect the overall performance of securities of listed companies in the innovative drug sector of the aforementioned sectors. The SSE STAR Market Software Service Index selects 40 securities of listed companies in fields including software development and software services from the STAR Market as index samples, to reflect the overall performance of securities of listed companies in the software service industry on the SSE STAR Market. (CLS)
China Mobile, China Telecom and China Unicom Halt "0-yuan Phone Purchase" Offers Simultaneously
At the offline business halls of the three major telecom operators, many consumers have come across promotions such as "free mobile phone giveaway" and "get free gifts when applying for broadband services". It seems that users can get a mobile phone for no extra cost as long as they subscribe to a designated telecom package, but in fact they have signed a loan contract, and the repayment amount is included in their monthly phone bill. It is reported that starting from September 24, the financial installment phone purchase businesses of the three major operators have been suspended, and no new 0-yuan phone acquisition services of this kind can be processed anymore.
Reporters contacted the customer service of China Telecom, China Unicom, as well as the customer service of China Mobile's "He Credit Purchase", and all relevant parties confirmed that such installment phone purchase programs have been suspended. Since September 24, China Mobile's "He Credit Purchase", China Telecom's "Orange Installment" and China Unicom's "Wo Installment" have all fully stopped accepting new applications for installment phone purchase services, and the resumption time is to be announced. (CCTV Finance)
Renewal of Qualcomm's Patent License Drives Apple's Market Value Up by 500 Billion Overnight
On September 25 local time, Apple and Qualcomm renewed their global patent licensing agreement, which will take effect on April 1, 2027. Once the news was released, Apple's share price rose sharply, closing up 1.53% at $341.07, with an intraday high of $345.34, hitting a new all-time high. Its market value increased by about 75.1 billion US dollars in a single day, equivalent to more than 500 billion yuan, and the total market value is approaching 4.98 trillion US dollars. (Sina Finance)
Luo Yonghao Responds to the "Low-Quality Glide Stool" Incident: The East Buy Platform Has Also Sold Nearly 10 Million Yuan Worth of the Product
Recently, the "Make Friends" live streaming room has sparked public controversy for selling low-quality glide stools. On September 25, Luo Yonghao responded to this incident via Weibo. Luo Yonghao stated, "The operation department was negligent in the early stage of the incident. The reason why this matter did not attract sufficient attention from the operation team of Make Friends before is that although the sales reached 2 to 3 million yuan, there were not a large number of daily returns and complaints, so they became negligent. In any case, this is a serious quality management accident. We thank the supervision from the media and netizens. If it had not hit the trending search list, we might still have not realized the severity of the problem by now." Luo Yonghao also mentioned that after verification by the team, the East Buy platform also sold nearly 10 million yuan worth of the same glide stool, making it the largest consignment distributor of this product. (CLS)
Doubao Mobile Assistant Apologizes, Stating It Has Not Performed Any Operations on Tencent Games
Recently, some players reported that when logging into Honor of Kings or participating in matchmaking battles on the Nubia NaviX Ultra equipped with Doubao Mobile Assistant, they would receive prompts indicating abnormal device environment and be forced to log off.
Doubao Mobile Assistant responded to this incident on its official community, stating: "After verification, Doubao Mobile Assistant has not conducted any operations on Tencent's game systems throughout the whole process, and the AI has no any unauthorized clicks, plug-in or simulation behaviors. At present, the team is still in continuous contact and communication with relevant parties of Tencent, but no clear response has been received from the other side so far. We hereby express our deep apology."
Doubao Mobile Assistant also suggested that users do not repeatedly try to log in to Honor of Kings on Nubia NaviX Ultra for the time being. "If your account has been banned or in other abnormal states, it is recommended that you file an appeal/complaint through the official game customer service channels simultaneously to get your account recovered as soon as possible. We will inform all users in time once there is any latest update." (Jiemian News)
The probability of the Federal Reserve raising interest rates in October is 64.8%
According to CME "FedWatch": The probability of the Federal Reserve keeping the interest rate unchanged at 3.75%-4.00% at its October meeting is 35.2%, and the probability of raising interest rates by 25 basis points is 64.8%. By December, the probability of the Federal Reserve maintaining the interest rate at 3.75%-4.00% unchanged is 7.6%, the probability of a cumulative 25-basis-point interest rate hike is 41.6%, and the probability of a cumulative 50-basis-point interest rate hike is 50.9%. (Financial Associated Press)
The recycling price of five-kernel mooncakes is 1,000 yuan per ton, higher than that of mooncakes with other fillings such as fruit paste and red bean paste
The shelf life of mooncakes currently on the market is generally relatively short, usually ranging from 30 to 90 days. Where do expired mooncakes go? The first destination is destruction. Expired mooncakes can also be processed for feed use. On September 23, a staff member of a feed mill in Hebei Province told reporters that the feed mill recycles near-expiry and expired leftover food inventory all year round, including biscuits, mooncakes and other products, to be used as feed raw materials, and promises that these products will not flow back to the market for secondary sales. The staff member said that mooncakes used for feed must not have deteriorated conditions such as mildew or peculiar smell; in addition, mooncakes with different fillings have different recycling prices. "The recycling price of five-kernel mooncakes is relatively high, at about 1,000 yuan per ton, while mooncakes with other fillings such as fruit paste and red bean paste are cheaper, at about 800 yuan per ton." The staff member explained that five-kernel mooncakes contain a large amount of nuts such as melon seeds and peanuts, which have high nutritional value and dry fillings. (Zhongxin Jingwei)
Mark Zuckerberg Becomes the World's Fourth Richest Person
According to the report on the official website of U.S. Forbes, on local time September 24, Mark Zuckerberg, CEO of Meta, surpassed Michael Dell, Chairman and CEO of Dell Technologies, to become the fourth richest person in the world. (China News Finance)
Elon Musk says China's AI delivers great outcomes with small input: the performance output per unit of computing power is almost at the world's top tier
Recently, Elon Musk received an exclusive interview with CCTV Finance. "The iteration speed in the AI sector is so crazy that it makes me dizzy. Sometimes I see a major breakthrough right before going to bed, and there is another new breakthrough when I wake up, and new achievements are released by lunchtime..." When talking about the development of China's AI, he stated that China's AI large models are overall very outstanding, and the performance output per unit of computing power is almost at the world's top level. He believes that China will solve the computing power problem faster than most people expect. In about two to three years, China will be able to fill the computing power gap relying on lithography technology and chip manufacturing. (CCTV News)
Armani will initiate equity stake sale negotiations with LVMH and L'Oréal.
According to the news released on September 27, Armani will start equity sale negotiations with LVMH and L'Oréal. (Financial Associated Press)
EU Officials Warn That the European Union Is Facing an Energy Price Crisis
According to European media reports on September 25, Dan Jørgensen, European Commissioner for Energy, stated in a letter to the energy ministers of all EU member states on the same day that the European Union is facing an energy "price crisis" due to the impact of the Iran conflict on the global oil and gas market. He called on EU member states to consider taking measures to reduce natural gas and electricity demand to cope with the upcoming winter. (CCTV Global News)
Costco Unveils $7.5 Billion Large-Scale Expansion Plan
After another stellar fiscal quarter with strong performance, warehouse club operator Costco Wholesale announced a $7.5 billion capital expenditure plan for fiscal 2027 to accelerate its business expansion. The company plans to open 33 new warehouse stores in the current fiscal year, including 5 relocated stores. This will help Costco move closer to the long-term target set by CEO Ron Vachris: a net increase of about 30 stores per year. As of the end of fiscal 2026, Costco had a total of 939 warehouse stores worldwide, with capital project investment reaching $6.4 billion in that year. (Sina Finance)
Meta loses the lawsuit in New Mexico, the United States, and may face a fine of up to 219 billion US dollars
Raul Torres, Attorney General of New Mexico, the United States, stated that after the jury ruled that Meta Platforms Inc. violated state law, he will seek to impose a maximum fine of 219 billion US dollars on the company. The jury found that Meta misled the public on its speech policies and data privacy policies, which violated the laws of New Mexico. (Cailian Press)
Latest adjustment to train ticket reservation service: The maximum advance reservation date is gradually adjusted from 60 days to 30 days
Starting from September 26, the railway department has adjusted the bookable date range of the pilot train ticket reservation service for Beijing-Shanghai High-Speed Railway and Beijing-Shanghai Railway, which was originally the 60th day to the 17th day before departure, to the range from the 30th day to the 17th day before departure. Passengers can submit their reservation demands in the "Reservation Ticketing" section of the Railway 12306 mobile client. On September 26, tickets for travel before November 24 are available for reservation; the transition period runs from September 27 to October 26, during which the latest available reservation date remains November 24; starting from October 27, the regular reservation rule that allows booking train tickets 30 to 17 days prior to departure will be officially implemented. (CCTV News)
Apple was ordered to pay $5.7 billion in damages for infringing haptic feedback patents
A federal jury in San Diego ruled on Friday that Apple Inc. infringed patents held by TouchSense Technologies and shall pay more than 5.7 billion US dollars. The patents involved are vibration-related technologies used in iPhone and Apple Watch products. After a two-day partial trial, the jury of the U.S. District Court for the Southern District of California found that Apple infringed the claims of two haptic feedback patents of TouchSense (Patent No.: U.S. Patent No. 10659885 and No. 10820117), but the infringement was not intentional. (Sina Finance)
IPO in Progress
Solidigm is reportedly planning to conduct its initial public offering in 2027, with a possible valuation of up to 150 billion US dollars
According to people familiar with the matter, Solidigm, a subsidiary of SK Hynix, plans to go public via an initial public offering in 2027, and its valuation may reach 150 billion US dollars. Solidigm has held listing roadshows with a number of banks this week to confirm relevant arrangements such as IPO underwriters. This listing of Solidigm in the United States is expected to raise 15 billion US dollars. (CLS)
Yuexin Semiconductor: The online subscription winning rate for its ChiNext IPO is 0.0424%
36Kr learned that on September 27, Yuexin Semiconductor released an announcement on the online subscription status and winning rate of its initial public offering of shares and listing on the ChiNext Market. The offering price for this issuance is 12.01 yuan per share, with an initial issuance of 513 million shares. After the full exercise of the over-allotment option, the total number of issued shares will increase to 590 million. There are 14.4354 million valid online subscription accounts, with the total number of valid subscribed shares reaching 423.383 billion. After the clawback mechanism is activated, the final number of shares issued online is 179 million, with a winning rate of 0.0423786759% and a valid subscription multiple of 2359.68 times.
Cool Products
Tesla Semi electric truck starts mass production and delivery
On September 25, Tesla announced that the mass production and delivery of the Semi electric truck has started. According to Elon Musk, the vehicle is equipped with Tesla's assisted driving function, and the Megacharger can provide megawatt-level charging power. (JIEMIAN NEWS)
Insta360 is making layout for AI glasses products, which may adopt a "split battery" design
People close to Insta360 Innovation disclosed that Insta360 Innovation is currently deploying in the AI glasses track and carrying out relevant research and development, and may launch its own AI glasses products in the future. Previously, Insta360 Innovation was authorized with a utility model patent titled "Wearable Glasses". The patent abstract shows that the main body of the glasses is worn on the head, the battery device is separated from the main body of the glasses and worn on other parts of the body, and power is supplied through an electrical connection line, with the purpose of "reducing the head load of users and lowering the pressure of long-time wearing". This "split battery" design concept is obviously different from the current mainstream solution of embedding batteries into the temples of AI glasses, and is more in line with the engineering orientation of long-time wearing for shooting. (Sina Tech)
Edited by | He Yuting