Krypton Evening Post | Wuliangye moves to stabilize prices; Google launches the Gemini 3.7 Flash model; loan interest rates in July remain at a low level
Big Companies:
A podcast points out that if Elon Musk facilitates the merger of Tesla and SpaceX, he could obtain up to 824 billion US dollars in wealth. According to the compensation plan approved by Tesla last year, Musk can receive a maximum of 423 million Tesla shares after meeting operational targets and market value targets. Wall Street believes that if there is a change in control of Tesla, the operational targets will be deemed met, and the market value targets will also be easier to achieve.
Wuliangye takes action to stabilize prices
On August 13, reporters learned from multiple distributors that Wuliangye issued a notice to distributors about a week ago, canceling some previous channel policies, and clarifying that the ex-factory price of the 8th generation Wuliangye shall not be lower than 800 yuan per bottle. In response to low-price cross-regional sales and low-price dumping behaviors, the brand side will impose penalties such as fines depending on the circumstances. However, some distributors told reporters that as long as it is not large-scale malicious cross-regional sales, penalties are generally not easily imposed in actual implementation. As of press time, Wuliangye's official has not issued a written document or made a public response on this matter.
NVIDIA announces full mass production of CPO switches
On August 14, NVIDIA announced that Spectrum-X Ethernet Photonics has entered full mass production, supporting the next-generation large-scale scalable network infrastructure for AI factories. NVIDIA stated that Spectrum-X Ethernet Photonics is specially designed for the network requirements of gigawatt-level AI factories, which reduces the number of lasers by 4 times, cuts power consumption by 5 times, and increases the Mean Time Between Failures (MTBF) by 10 times. This product is manufactured, packaged and assembled by supply chain partners including TSMC, SPIL, Lumentum, TFC, and Foxconn.
Leading US AI labs such as OpenAI have recently sharply cut the prices of mid-tier AI models to retain customers. Data from Silicon Data shows that since mid-July, the actual expenditure of customers on purchasing models from leading US labs has dropped by nearly a quarter. The cost of AI usage continues to rise, and Chinese AI enterprises are continuously acquiring new customers by virtue of the high cost-performance advantage of their models, which makes the US technology industry feel concerned.
On August 14, it is reported that Choi Tae-won, Chairman of SK Group, said in an interview that SK Hynix is considering building a new memory chip factory in a joint venture mode to reduce the risks brought by huge capital expenditure and overcapacity under the boom-bust cycle of traditional industries. Choi Tae-won also warned that the current tight supply of memory chips will further intensify in 2027.
Pony.ai expands cooperation with Uber, plans to deploy more than 2000 Robotaxis in 5 European cities
36kr learned that Pony.ai and global mobility platform Uber announced that the two sides will further expand strategic cooperation, deploying more than 2000 Pony.ai Robotaxis in 5 European cities, marking that the European autonomous driving industry will enter a new stage of thousand-vehicle scale.
New Products:
Google launches Gemini 3.7 Flash model
On August 13, Google released the new version of Gemini Flash. The company stated that the newly launched Gemini 3.7 Flash outperforms the previous generation in programming tasks such as code debugging, and has better ability to generate code that is nearly ready to be directly put into production at one time. Google also said that these models can complete application development with fewer prompts, improve developer experience, and reduce the token cost required to run the model. Starting from Thursday, Google's AI productivity agent Gemini Spark will be powered by 3.7 Flash.
Investment and Financing:
"Bright Source New Tech" completes hundreds of millions of yuan in Pre-A round financing
36kr learned that recently, "Bright Source New Tech" announced the completion of hundreds of millions of yuan in Pre-A round financing. This round of financing is led by CAS Investment, with participation from China Merchants Venture Capital, Xianghe Capital and other institutions. The funds will be mainly used for training of ultra-large-scale embodied AI models, construction of multimodal data infrastructure, R&D of full-stack software and hardware platforms, and expansion of teams with high talent density.
Today's Viewpoints:
Yong Jun, Vice President of Avatr Technology, publicly responded to recent controversies. He said that Avatr has in-depth cooperation with Huawei. The original intention is not to hope that Huawei will customize a separate version for Avatr, but to build platform technologies shared by the whole industry. Avatr 07L is developed with the joint creation mode, with the co-creation logo on the B-pillar of the vehicle. Meanwhile, the Yinwang team works in collaboration with Avatr, and many Huawei technologies are applied on this model. In addition, at the top strategic level, China Changan Group and Huawei have signed an all-domain strategic cooperation framework agreement in Shenzhen. In the future, Avatr and Huawei will carry out even deeper cooperation.
Other Notable News:
Loan interest rate in July remains at a low level
Learned from the People's Bank of China, since the beginning of this year, the loan interest rate in China has remained at a low level, and continued the downward trend in July. In July, the weighted average interest rate of new loans issued to enterprises was slightly lower than 3%, about 0.2 percentage points lower than the same period of last year; the weighted average interest rate of new personal housing loans issued was about 3.1%, basically the same as the same period of last year.
Reporters learned from China Electronics Information Industry Development Research Institute that since the 14th Five-Year Plan period, China's safety and emergency equipment industry has developed rapidly. In 2025, the industrial scale of key fields exceeded 1 trillion yuan, forming an industrial system covering safety prevention, emergency response and safety and emergency services.
AIGC director, AI audio screenwriter, AI image generator, AI card drawer (AI video generator)... At the leading short drama enterprise Jiaxing Jiuzhou Culture Media Co., Ltd. (hereinafter referred to as "Jiuzhou Culture"), AI content creation related positions have accounted for 60% of all employees, many of which are such distinctive AI-related positions. The application of AI technology in the film and television industry is gradually deepening, and the output of AI film and television content such as AI short dramas and AI manhua dramas has increased significantly. The popularity of AI film and television content has driven the growth of demand for relevant talents. The main positions in traditional film and television enterprises include planner, editor, director, etc. While in film and television enterprises focusing on producing AI film and television content, a number of distinctive new positions are seeing a sharp rise in demand for AI film and television talents. Relevant personnel from Jiuzhou Culture introduced to reporters that the total number of employees of the company has expanded rapidly from about 3,000 to more than 9,000 in the past year, with a net increase of 6,000 people. Almost all new positions are concentrated in the AI content production chain.