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According to Bloomberg, SpaceX's proposed $40 billion AI financing plan has been reported to encounter obstacles. Sources revealed that SpaceX intends to raise funds through a special purpose vehicle (SPV) structure, which can move related liabilities off the balance sheet to protect SpaceX's own investment-grade credit rating.However, recent volatility in the credit market has complicated negotiations over borrowing costs, and investors have begun to reassess the risks associated with financing large-scale AI infrastructure projects. Currently, Goldman Sachs is leading discussions with investors, including Apollo Global Management.

Market data shows that Yushu Technology has reached a 20% limit-up, currently priced at 624 yuan, with a transaction volume exceeding 4 billion yuan.The A-share humanoid robot sector continues to rise, with Zhongcheng Technology hitting a 30% limit-up, and Yushu Technology, Luozhou Co., Ltd., Leyard, and several other stocks reaching a 20% limit-up. Aobo Zhongguang, Yuncong Technology, Shangwei New Materials, and Songsheng Co., Ltd. are all climbing.

Cailian Press reported on October 22 that a joint report released by Google, Temasek, and Bain & Company shows that the number of generative AI users in Southeast Asia reached approximately 243 million in less than three years, accounting for 58% of the local labor force, with a penetration rate about four times that of mobile internet. Only 1% to 2% of the local population pays for personal AI services.Florian Hoppe, a partner at Bain & Company, stated in an interview that businesses can achieve AI commercialization through e-commerce, digital advertising, and other operations without having to rely entirely on consumers paying directly. They can also use AI to improve e-commerce conversion rates and handle routine customer inquiries. The report noted that about 80% of customer inquiries on the e-commerce platform Shopee are handled by AI chatbots, with the cost per customer contact decreasing by 30% year-on-year. In early cases, companies that applied AI saw a year-on-year increase in conversion rates of 10%, with the average spending per order increasing by as much as 75%.The report also stated that the total value of goods traded in Southeast Asia's digital economy is expected to grow by 17% year-on-year to $368 billion by 2026, and is projected to exceed $1 trillion by 2035. Among these, the online travel market is expected to grow by 10% to $59 billion, online media revenue is expected to grow by 22% to $44 billion, and the ride-hailing and food delivery market is expected to grow by 15% to $40 billion. The total value of goods traded in Southeast Asia's e-commerce market is projected to be $226 billion in 2026, an 18% year-on-year increase.

According to Gate market data, spot silver has dropped short-term by 0.3 dollars, falling 4% during the day, currently reported at 55.65 dollars/ounce.

Max For AI disclosed that Moon's Dark Side Kimi K3.1 and Alibaba Qwen4 have both entered the final stage before release and are currently undergoing anonymous testing in Arena, with a release expected within this week.Previously, the community discovered two anonymous models, Kibitz and Kalmia, appearing on Arena. The account @aitrackerbot found through tokenizer testing that Kibitz's features point to Moon's Dark Side's Kimi, while Kalmia is suspected to come from Alibaba Qwen. Max For AI stated that both teams have been running benchmark tests intensively over the past few days, and with the anonymous models going live on Arena, an official release may be imminent. The identities and release times of the related models are yet to be confirmed by the official sources.

Beating AI news reports that Wen Shilei, the head of ByteDance's commercialization GenAI R&D, has recently left the company, with his next stop likely being the embodied intelligence company Octopus Power, where he will serve as a partner. Wen Shilei joined Baidu in 2011, previously serving as the head of visual technology and chief architect of the smart city division, and has won Baidu's highest award twice. After moving to ByteDance in 2021, he initially focused on digital humans, XR, and other technologies, and later took charge of engineering R&D for generative AI in commercial scenarios such as advertising.This business line has recently lost several core leaders. Former head of the commercialization GenAI department, Peng Bingyue, left in July this year and subsequently joined Google; the former head of the China region, Yuan Zehuan, also left in July to pursue a startup in world modeling. With Wen Shilei's departure, the remaining team members have been reassigned to other departments.Octopus Power was founded in January 2026 by former Horizon and Jianzhihui Robotics executive Du Dalong, primarily developing world models for robots, dexterous hands, and data collection systems, having raised nearly 1 billion yuan in total financing by June this year. On October 15, Octopus Power confirmed that co-founder Liang Zhujin will leave; Liang Zhujin previously oversaw post-training and data operations, and it is currently unclear whether Wen Shilei will take over related responsibilities.

According to Gate Market, WTI crude oil has increased by 2.00% during the day, currently priced at 99.37 USD/barrel.

According to Gate market data, the spot silver has dropped by 3% during the day, currently reported at 56.23 USD/ounce.

According to Bloomberg, informed sources revealed that humanoid robot manufacturer Noetix Robotics has secretly submitted an initial public offering (IPO) application in Hong Kong, aiming to raise hundreds of millions of dollars.The company's official name is Songyan Power Beijing Technology Co., and it may go public as early as next year.

Meta announced its third-quarter 2026 performance early this morning Beijing time, with revenue of $64.601 billion, a year-on-year increase of 26%, exceeding market consensus expectations (approximately $63.3 to $63.7 billion). Net profit was $9.860 billion, a year-on-year increase of 264%, with a GAAP diluted earnings per share of $3.83.Operating profit decreased by 37% year-on-year to $12.988 billion, and the operating profit margin fell to about 20% (compared to about 40% in the same period last year), mainly due to a legal expense of $9.89 billion. This expense is related to the agreement reached with the attorneys general of various states in the U.S. regarding lawsuits related to youth mental health and social media, with a total payment cap of approximately $18.59 billion. Excluding this expense, operating profit was $22.88 billion, corresponding to an adjusted diluted earnings per share of approximately $7.40.The significant year-on-year growth in net profit was also influenced by the low base effect of the previous year's effective tax rate, which was as high as 87%; the effective tax rate for this quarter was 24%. Ad impressions increased by 10% year-on-year, and the average ad price rose by 14%. Family daily active people were approximately 3.64 billion, a year-on-year increase of 3%. Family of Apps revenue was approximately $64.16 billion, of which ad revenue was about $63.06 billion; Reality Labs revenue was approximately $443 million, with an operating loss of about $4.13 billion.Capital expenditures for the third quarter (including principal payments on finance leases) were approximately $34.9 billion, with free cash flow of negative $2.12 billion, and cash, cash equivalents, and marketable securities at the end of the quarter were approximately $82.4 billion. The company expects fourth-quarter revenue to be between $73 billion and $76 billion. The full-year capital expenditure guidance has been narrowed to $135 billion to $145 billion, and the full-year expense guidance has been raised to $175 billion to $179 billion, mainly due to the inclusion of legal expenses; excluding this expense, full-year operating profit is still expected to be higher than in 2025. The company also expects Reality Labs operating losses in 2026 to be approximately $18 to $19 billion, with hopes of narrowing next year.According to Gate market data, possibly influenced by the earnings report information, META's stock price rose by 2.17% in after-hours trading.

Tesla announced its third-quarter performance for 2026. The quarterly revenue was $28.046 billion, essentially flat year-on-year; the net profit attributable to common shareholders was $787 million, a decrease of about 43% year-on-year. GAAP diluted earnings per share were $0.22, down from $0.39 in the same period last year. Operating profit decreased by about 56% year-on-year to $718 million, with an operating profit margin of 2.6%, down 3.2 percentage points year-on-year. The company stated that increased R&D and other operating expenses, reduced regulatory credit income, and declining gross margins in the energy business put pressure on operating profit, with operating expenses rising by about 39%.Overall GAAP gross margin rose to 19.6%, an increase of about 1.6 percentage points year-on-year, and also higher than the previous quarter. The automotive gross margin, excluding regulatory credits, was about 18.1%, improving compared to the previous quarter and the same period last year. The number of vehicle deliveries for the quarter was 486,500, a decrease of 2% year-on-year; production was 464,400 vehicles, an increase of 4% year-on-year. Revenue from the automotive business decreased by about 3% year-on-year, while revenue from energy generation and storage decreased by about 16%, and service and other revenue grew by about 33%.Operating cash flow for the third quarter was $6.263 billion, and free cash flow was $1.531 billion, down from $3.990 billion in the same period last year. The company stated that battery supply continues to limit the increase in vehicle production; mass production of the Semi has started in Nevada, and production of Optimus has begun in Fremont, while Cybercab has been put into operation in the Austin Robotaxi fleet. According to BIT market data, SPCX fell 3.32% in after-hours trading.

ARK Invest's Q3 2026 DeFi report shows that stock tokenization has become the main driving force behind the rebound in on-chain trading activity for the quarter. The trading volume of tokenized stock spot DEX reached approximately $50 billion, about 9 times that of the previous quarter, with its share of total spot DEX trading volume rising from about 1% to around 9%. Overall, DEX spot trading volume increased by approximately 13% quarter-over-quarter to $571 billion, marking the first growth in nearly four quarters.Robinhood Chain achieved approximately $65 billion in DEX trading volume and $51 million in network revenue in its first quarter, with network revenue nearing the level of BNB Chain during the same period. However, ARK expects that recent adjustments to the Gas mechanism will cause the chain's revenue to decline from current levels. The total supply of stablecoins decreased by about 3% quarter-over-quarter to $309 billion, but adjusted trading volume increased by approximately 16% quarter-over-quarter to $781 billion, with the number of monthly active addresses growing by about 39% to 73 million.In the perpetual contract DEX, there is a divergence between open positions and trading volume: the value of open contracts increased by about 76% quarter-over-quarter to $24 billion, while quarterly trading volume decreased by about 16% to $1.4 trillion. Among them, Hyperliquid's open contract value is about $13 billion, accounting for approximately 53%. ARK believes this indicates fewer but larger positions held for longer durations.

According to Beating AI's news, a summary of an expert interview circulating in the investment community states that the next-generation foundational model of the artificial intelligence company Zhipu is not the previously rumored 1.6 trillion parameters, but rather between 2.5 trillion and 3.5 trillion parameters. The GLM-5.3 released by Zhipu in August this year still uses the previous generation foundational model, with a total of approximately 744 billion parameters; if the information is true, the new foundational model's scale is about 3.4 to 4.7 times that of the current one.The summary also states that the training has not gone smoothly, as Zhipu adopted a more aggressive model architecture, and during the pre-training period, there was a time when the loss did not decrease, meaning that computational power was continuously invested but training metrics could not continue to improve. The interviewee believes that the problem should have been resolved recently, and training is expected to be completed soon, predicting that the new model can reach flagship levels comparable to Claude Fable.The summary further mentions that the new model has taken inference speed and cost as hard constraints from the architectural design stage, with the goal of being able to provide services on a large scale from the first day of release. At the same time, multiple cloud vendors are negotiating revenue sharing to address the issue of large models being produced but not being able to supply.

According to the official announcement, Gate has released the latest reserve report. As of October 18, 2026, the total reserve size of the platform has risen to $8.688 billion, an increase of 5.7% compared to the previous period; the overall reserve coverage rate has reached 118.49%, consistently above the industry safety benchmark of 100%. This report covers 500 cryptocurrencies, demonstrating Gate's ample excess reserves, providing solid support for the platform to cope with market fluctuations, maintain liquidity, and buffer risks.In terms of core asset reserves, BTC user assets have grown to 21,156 coins, with the platform's reserve amount increasing to 25,727 coins, and the reserve coverage rate rising from 120.32% to 121.60%; ETH user assets have increased to 362,785 coins, with the platform's reserve amount growing to 449,042 coins, and the reserve coverage rate rising from 123.59% to 123.78%.Regarding stablecoins, the total user assets of USDT, USD1, GUSD, and USDC amount to approximately $1.497 billion, corresponding to a platform reserve of $1.746 billion, with a comprehensive reserve rate of 116.59%. Additionally, the reserve rates for major assets such as DOGE, GT, and SOL have reached 106.76%, 129.00%, and 102.51%, respectively, all exceeding the 100% safety line. From overall reserves to various core assets, Gate consistently maintains sufficient safety margins, providing robust protection for the safety of global user assets.