technology-driven

According to Jinshi news, the Ministry of Commerce and 8 other departments have released opinions on accelerating the promotion of technology-driven commerce. The opinions propose to promote the iterative upgrading of commodity supply, deeply implement the "Artificial Intelligence + Manufacturing" special action, accelerate the deep integration of artificial intelligence technology with product research and development, design, manufacturing, and marketing, enrich the supply of smart products such as smartphones, computers, home appliances, wearable devices, and robots, and encourage the research and application of smart products based on secure and reliable open-source operating systems.The opinions also propose to accelerate the transformation and upgrading of historical classic industries, develop classic high-quality products, build a lineup of Chinese consumer brands, and explore consumer brands that are independently innovative and of high quality. Vigorously develop technology-driven agriculture, promote the quality and efficiency of high-quality specialty agricultural products, encourage time-honored brands to innovate while maintaining their essence, and support time-honored enterprises in using modern production technologies for product innovation.

ARK Invest founder Cathie Wood stated that the employment report on Friday was strong, with non-farm employment increasing by 162,000, household survey employment growth exceeding 500,000, and the average workweek increasing, indicating that the economy was performing well in August.Wood noted that many will see more inflation and Federal Reserve tightening, but she sees greater changes. Overall inflation is at 3.7%, with other measures closer to 2%. Oil prices could drop to $30, stocks are reaching all-time highs as interest rates rise, capital expenditures have broken through a ceiling not seen in over 20 years, and companies embracing artificial intelligence are creating jobs faster.She stated that these are not isolated signals and may mark the beginning of stronger real growth and robust technology-driven deflation. The consensus is pricing for the old economy, and she believes a new economy is forming.

According to Cryptonomist, Standard Chartered announced a large-scale restructuring plan on Tuesday, aiming to cut more than 7,000 jobs by 2030, which accounts for 15% of the total workforce in the company's functional departments.Standard Chartered CEO Bill Winters described the layoffs as a technology-driven long-term transformation, focusing on replacing low-value-added jobs with automation and artificial intelligence, rather than merely reducing costs. The report states that the plan primarily affects back-office support departments in locations such as Chennai and Bangalore in India, Kuala Lumpur in Malaysia, and Poland.

According to market news, the Bitcoin Layer 2 project Citrea, supported by Founders Fund and Galaxy, has officially launched its mainnet and introduced the native stablecoin ctUSD backed by M0 infrastructure.Citrea uses zkEVM to process transactions and writes zero-knowledge proofs onto the Bitcoin main chain, supporting financial applications such as BTC collateralized lending and structured products, with the goal of building a native Bitcoin financial market.

ChainCatcher news, the AB Charity Foundation officially announces its launch and the release of its new official website, marking the official start of a global public welfare network based on "institutional trust" and driven by "technology." The AB Charity Foundation is an international non-profit organization headquartered in Ireland with independent legal status, aiming to collaborate with governments, public welfare organizations, and the tech community worldwide to reshape the future trust mechanism in public welfare and promote sustainable development.The governance structure of the AB Charity Foundation consists of prominent figures from multiple countries. The chairman of the board is Bertie Ahern, a three-time former Prime Minister of Ireland and a key promoter of the "Good Friday Agreement." Board members include former Prime Minister of Malta Lawrence Gonzi, former Prime Minister of Hungary Peter Medgyessy, former President of Slovenia Danilo Türk, and former President of Bulgaria Peter Stoyanov.The AB Charity Foundation is continuously forming a senior advisory team, with renowned politicians, scientists, and celebrities from five continents joining to provide global policy connections and facilitate charitable activities. It focuses on public missions and empowers a new paradigm of global public welfare through technology.As the initiator and technical supporter of the AB Charity Foundation, AB DAO provides underlying blockchain infrastructure support. The AB public chain automatically injects 15%–30% of each transaction's gas fee into the charity fund pool through smart contracts, achieving "on-chain charity fundraising + automatic distribution + full-chain traceability + third-party auditing" for transparent governance throughout the process. Additionally, the AB Ecological Fund has currently invested in dozens of high-quality projects and will continue to incubate and invest in more quality projects in the future, with 15%–30% of the investment returns generated from all projects also injected into the AB Charity Foundation fund pool.The core mission of the AB Charity Foundation is to promote public welfare in education, healthcare, environmental protection, humanitarian assistance, and other areas globally, relying on a transparent and trustworthy governance mechanism and technological pathways to explore a "verifiable model of goodwill collaboration." The foundation emphasizes that "it is not the technology itself that changes the world, but the consensus on trustworthy institutions and global cooperation," which is a common understanding among the founding members.

ChainCatcher news, OKG held the "2023 Future, Here" online annual meeting, with thousands of employees from various countries and regions including China, the United States, Europe, and South America participating in the event. OKG founder Xu Mingxing stated at the meeting that although there were multiple black swan events in the industry in 2022, OKG, as a technology-driven company, has a healthy financial status with no debts, and he remains confident and optimistic about the industry's development in the Web3 era.In addition, Xu Mingxing mentioned, "2023 marks the 10th anniversary of OKG, and the group will focus on product and user experience in its business development direction while continuing its global layout. In the next five years, OKG will aim to create world-class technology products as its primary goal." (source link)