AI Daily, May 17 — Today's AI Daily Morning News highlights include: OpenAI announced a partnership with Reddit to introduce each other's content into ChatGPT; Musk's mother Mayer Musk announced 2 endorsements for domestic products within half a month, with endorsement costs between 300,000 and 500,000 US dollars; Goldman Sachs increased its holdings in Pinduoduo and reduced its Apple holdings in the first quarter.

▍ OpenAI announced a partnership with Reddit to introduce each other's content to ChatGPT

OpenAI announced a partnership with social network Reddit to bring the latter's content to the chatbot ChatGPT and other products, and allow Reddit to add new artificial intelligence features to its online community. After the news was announced, Reddit shares rose 11% at the end of the session. The two companies said in a joint statement on Thursday that the agreement “will enable OpenAI's artificial intelligence tools to better understand and present Reddit's content, particularly recent topics.” Reddit will also provide its users with new artificial intelligence tools based on the OpenAI model, and OpenAI will be Reddit's advertising partner.

**▍ Ctrip Chairman Liang Jianzhang: Artificial intelligence is not as disruptive as the Internet

Recently, in an interview, Liang Jianzhang said that the impact of artificial intelligence on society as a whole is mainly philosophical. In terms of improving efficiency, it is not as disruptive as the previous Internet or mobile internet, because it did what people could do. In the past, the Internet did things that people couldn't do, and clairvoyance was fine. That's what the Internet could do, and people simply couldn't do it.

One of the future trends is that artificial intelligence can do (many things), but at the same time, I also see the limitations of artificial intelligence. In fact, one of the most effective algorithms still simulates humans, so we actually have to be in awe of humans or this evolution. At the same time, he mentioned that human innovation activities are the highest level of happiness. Humans should keep a high level of happiness to themselves, so humans will still dominate innovation activities. Artificial intelligence is an auxiliary tool, and in some dimensions, artificial intelligence may far exceed human capabilities in all aspects.

▍ Goldman Sachs increased its holdings in Pinduoduo in the first quarter and reduced its Apple holdings

According to the 13F report, Goldman Sachs increased its holdings of Pinduoduo by more than 5.54 million shares in the first quarter, an increase of 101%, increasing iQiyi's holdings by 8.1 million shares, Manbang 7.3 million shares, and reducing its Apple holdings by 6.9 million shares. By the end of the first quarter, the total market value of Goldman Sachs holdings had risen to 560 billion US dollars, an increase of 20 billion US dollars over the previous quarter.

▍ Musk's mother, Mayer Musk, officially announced 2 domestic product endorsements within half a month

On May 15, the domestic makeup brand McGeely announced that Mayer Musk is its female power pioneer ambassador. Not long ago, Fang Li, also a domestic cosmetics brand, announced that Mayer Musk had become a brand ambassador. After winning endorsements one after another in less than a month, Musk's mom's business in China looks very good.

I learned from people familiar with the matter that currently Mayer Musk's endorsement costs are between 300,000 and 500,000 US dollars. There will be slight differences between different cooperation channels, but it is basically within this range. The next endorsement will also be announced soon; it is still a domestic brand. Mayer Musk has already opened personal accounts on various social platforms. The account profile shows that CAA Innovation Elite Cultural Broker (Beijing) Co., Ltd. is responsible for work affairs.

▍ Foreign Media: Microsoft is too greedy to fall into the eyes of “short-term profit”

On May 16, foreign media Windows Central published an article today criticizing Microsoft's “series of inexplicable decisions and horrible misconduct” in recent years, believing that Microsoft has fallen into the eyes of “insatiable” short-term profit money, seriously damaging the long-term development of its products.

Foreign media focused on criticizing Microsoft CEO Nadella, believing that he is sacrificing Microsoft's software and hardware correlation to “burn long-term goals for short-term profits” and betting on Microsoft's own future “investing” in other companies. Previously, Nadella had already buried Microsoft Windows Phone, and also cut off a large number of Surface product lines to enhance the company's efficiency, but the related costs were unexplained to developers and corporate customers, causing them to lose a lot of trust in Microsoft.

▍ Deng Bin, President of Honor R&D Management Department, was expelled due to serious irregularities

On the evening of May 16, Honor issued an internal announcement stating that Deng Bin, the former president of Honor's R&D management department, seriously violated the company's BCG regulations. After research, it was decided to cancel Deng Bin's labor contract, remove him, and deal with it in accordance with the relevant procedures. According to public information, Deng Bin is responsible for Honor's software and hardware research and development work, and has appeared many times to interpret Honor's AI technology. Previously, Honor Magic OS was accused of copying a hammer at any point, and Deng Bin made a public response.

▍ iQiyi Q1 financial report: operating profit margin was 14%, a record high

iQiyi released unaudited financial results for the first quarter ended March 31, 2024. In the first quarter, iQiyi's total revenue was RMB 7.9 billion. Among them, membership service revenue was 4.8 billion yuan, and the average monthly single member revenue (ARM) reached a record high, increasing for 6 consecutive quarters. Revenue from online advertising services was 1.5 billion yuan, up 6% year on year; revenue from content distribution was 928 million yuan, up 27% year on year, showing impressive performance. For the quarter, iQiyi's non-GAAP (non-GAAP) operating profit was 1.1 billion yuan, and the operating margin was 14%, a record high.

▍ Alibaba Cloud and ZTE reach open source database cooperation

Alibaba Cloud and ZTE jointly announced that they have reached an open source database cooperation. ZTE announced that it has joined the PolarDB open source community and was elected as a member unit of the first board of directors. In the future, the two sides will jointly promote the development of domestic databases based on the PolarDB database open source community and eBase database.

▍ Lenovo releases its first AI phone

On May 16, Lenovo released its first AI phone, the Moto X50 Ultra. The product is equipped with the Lenovo Xiaotian AI Personal Agent (AI Agent) and is equipped with a 100x zoom periscope tracking AI imaging system. The processor uses the Qualcomm Snapdragon 8s Gen3 flagship platform.

▍ Cainiao Express enters the fresh market: door-to-door delivery within 48 hours, only half the price

Cainiao Express has launched fresh and affordable delivery: delivered within 48 hours across provinces, packaged in refrigerant, and delivered to the door as needed. Compared to Air Express, Cainiao Express is only half the price.