Tech Giants' Compass: Tesla Improves Optimus Robot Design, Musks Net Worth Hits New High, Bitcoin Breaks $88,000

Tech Giants' Compass: Tesla Improves Optimus Robot Design, Musks Net Worth Hits New High, Bitcoin Breaks $88,00021st Century Business Herald, New Productivity Research Institute: Good morning, another new day has begun. What interesting things happened in the tech industry over the past 24 hours? Let's take a look with 21tech

Tech Giants' Compass: Tesla Improves Optimus Robot Design, Musks Net Worth Hits New High, Bitcoin Breaks $88,000

21st Century Business Herald, New Productivity Research Institute: Good morning, another new day has begun. What interesting things happened in the tech industry over the past 24 hours? Let's take a look with 21tech.

Giants' Compass:

1. Tesla is improving the design of its Optimus robot. Tesla CEO Elon Musk recently revealed that Tesla is making changes to the design of its Optimus robot to address key production bottlenecks. Musk said, "Optimus is already performing some tasks in the factory, and its abilities are rapidly expanding. The most difficult part right now is improving the design of Optimus to make it easier to manufacture and equip it with a complex supply chain so that it can be produced in large quantities." (Science and Technology Innovation Board Daily)

2. Musk's net worth rises to $320 billion. Tesla's stock closed nearly 9% higher on November 11, pushing the world's richest man, Elon Musk, to a new peak in net worth. Forbes Billionaires List data shows that Musk's net worth increased by $16.2 billion in a single day, bringing his total assets to $320.2 billion.

3. Bitcoin skyrockets. In the evening of November 11 (Beijing time), Bitcoin prices continued to soar, breaking through the $88,000 mark for the first time in history. As of 7:00 am on the 12th, it was trading at $88,567, setting a new all-time high. According to reports, Bitcoin whale MicroStrategy announced that it had purchased approximately 27,200 Bitcoins for approximately $2.03 billion (approximately 14.6 billion yuan), marking its largest purchase since December 2020. Stimulated by Bitcoin's surge, overnight US stocks and cryptocurrency concept stocks all surged. Canaan Inc. soared more than 41%, MARAHoldings surged more than 29%, MicroStrategy surged more than 25%, BitDigital surged more than 23%, and US cryptocurrency exchange Coinbase surged 20%. (Securities Times)

4. Kimi founder responds to arbitration application. According to reports, Yang Zhilin, founder of Moon's Dark Side, and Zhang Yutao, co-founder and CTO, were recently sued by investors of Cyclic Intelligence in Hong Kong for arbitration. The relevant electronic arbitration application has been filed with the Hong Kong International Arbitration Centre. The reason for the arbitration is that Yang Zhilin and Zhang Yutao initiated financing and established Moon's Dark Side before obtaining consent letters from five investors. The institutions participating in the arbitration application include GSR Ventures, Jingya Capital, Boyu Capital, Huashan Capital, and Wanyu Capital. An informed source stated that the reason why the investors of Cyclic Intelligence have been slow to sign the consent letters is likely due to their dissatisfaction with the equity stake they would hold in Moon's Dark Side. Yang Zhilin and Zhang Yutao have entrusted Mingde Law Firm to handle the arbitration matter. A relevant person from Moon's Dark Side emphasized to the reporter, "The arbitration documents should be confidential. Both parties have a confidentiality obligation. They have violated their confidentiality obligation and legal procedures by providing them to the media."

5. Tmall and JD.com release Double 11 battle reports. Tmall announced that at 24:00 on November 11, the total transaction volume of the 2024 Tmall Double 11 event grew strongly. During the entire Tmall Double 11 period, 589 brands achieved transaction volumes exceeding 100 million yuan, a year-on-year increase of 46.5%, setting a new historical record. JD.com announced that as of 23:59 on November 11, the number of orders for JD.com's 2024 11.11 JD.com purchasing live broadcasts increased 3.8 times year-on-year, over 17,000 brands achieved transaction volumes exceeding five times year-on-year, the number of shopping users increased over 20% year-on-year, and the transaction volumes of over 30,000 small and medium-sized businesses increased over two times year-on-year.

6. Alipay apologizes for service outage. On November 11, multiple netizens reported that Alipay experienced service abnormalities that morning, with payment failures displaying messages like "Payment failed," "Transaction creation failed," and "Service exception." Additionally, some netizens reported that Alipay's Yu'ebao withdrawals did not arrive, and that payments for Huabei repayments were successful but the bills were not cleared. The reporter's own payment test also failed, and attempts to contact Alipay through phone, online customer service, and other channels were unsuccessful. At 11:25, Alipay posted an apology on Weibo, stating that a local fault in the system's message database caused payment functions to be affected for some users. This fault did not affect user fund security, and the fault was repaired by 10:50 am.

7. Lei Jun responds to netizen's comment Go screw bolts. On November 11, Lu Weibing, president of Xiaomi Group, posted on Weibo, "Today I went to Xiaomi's Changping smartphone intelligent factory to visit the frontline production team. The delivery of Xiaomi 15 is going very well, and I ask the factory to accelerate production of the out-of-stock versions." One netizen commented, "The custom color has been out of stock for over ten days, have Lei Jun go screw bolts." Lei Jun forwarded this comment and expressed, "I'll go urge them right away."

8. ByteDance's Doubao general-purpose image editing model, SeedEdit, begins testing. On November 11, ByteDance announced its latest general-purpose image editing model, SeedEdit, on the official website of the Doubao large language model team. The official introduction states that SeedEdit supports easy image editing with just a sentence, including photo editing, outfit changes, beautification, style transformations, adding or deleting elements in designated areas, and other types of editing operations. Currently, based on the Doubao text-to-image large language model, SeedEdit supports both Chinese and English input, and can also respond accurately to Chinese idioms and proper nouns. In the next step, SeedEdit will also open up functions for multi-round complex editing. The Doubao large language model team also stated that in the future, SeedEdit will further optimize and explore areas such as real-image fidelity, ID preservation, editing accuracy, and long-sequence story-based and comic-based generation.

9. CASC Aerospace's "One Rocket, 15 Satellites" achieves breakthrough. At 12:03 pm on November 11, CASC Aerospace's Lijian-1 Y5 carrier rocket launched from the Dongfeng Commercial Aerospace Innovation Test Zone, using the "One Rocket, 15 Satellites" method to successfully deliver 15 satellites, including Experiment 26 A, B, and C, Jilin-1 High-Resolution 05B, Platform 02A03, Yunyao-1 31 to 36, Xiguang-1 04 and 05, Oman Intelligent Remote Sensing Satellite 1, and Tianyan 24, into their planned orbits. The launch mission was a complete success. These satellites will primarily be used in fields such as urban planning, agricultural monitoring, and meteorological observation. It is understood that this mission was the fifth flight of the Lijian-1 carrier rocket and the first time that a Chinese commercial aerospace company has provided launch services to international clients. This marks a major breakthrough in the commercial aerospace field, not only signifying the formal entry of the Lijian-1 carrier rocket into the international commercial market but also representing a significant step forward in the development of commercial aerospace. (Securities Times)

10. Faraday Future appoints Max Ma as global CEO. On November 11, according to a press release from Faraday Future, Faraday Future has appointed Max Ma as its global CEO. Ma will be responsible for executing FX's strategy and driving the success of the FX brand. It is understood that FF and FX have established partnerships with four Chinese main engine manufacturers, signing two strategic framework agreements and two memorandums of understanding, and have recently made significant progress. (Jiemian)

11. HNA Holdings: Plans to purchase 9 new LEAP-1A spare aircraft engines from CFM. HNA Holdings announced in the evening of November 11 that Hainan Airlines Holding Co., Ltd. plans to purchase 9 new LEAP-1A spare aircraft engines from CFMInternational, Inc. (CFM). The total transaction amount will not exceed $165 million. In addition, its subsidiary, Urumqi Airlines Co., Ltd., plans to sign an "ARJ21-700 Aircraft Purchase Agreement" with Commercial Aircraft Corporation of China, Ltd. (COMAC), to purchase 40 ARJ21-700 aircraft from COMAC. The basic price for each aircraft is $3