1. Tongyi K launched the k-level parameter model Qwen1.5-110B. 2. OpenAI Strengthens Content Collaboration by Signing to Use the Financial Times Database to Train AI Models. 3. OpenAI: The memory function is fully open to ChatGPT Plus users. 4. Google faces a class action lawsuit over copyright infringement of the Imagen AI model. 5. IT IS REPORTED THAT XIAOHONGSHU HAS TESTED ITS SELF-DEVELOPED LARGE MODEL "SMALL YAM", WHICH IS EXPECTED TO LAND ON SOCIAL NETWORKING AND SEARCH. 6. The first large language model for the seed industry was released. 7. ChatGPT was complained about in Austria for providing incorrect information. 8. iFLYTEK invested in the establishment of Lingzhi Technology Co., Ltd., including longing AI businesses. 9. China's first Sora-level model Vidu was released: it can generate up to 16 seconds and up to 1080p video. 10. IKEA announces transition to artificial intelligence: the development of proprietary AI tools requires "mandatory" knowledge for employees at headquarters.

According to Golden Finance, Hong Kong Cyberport Management Co., Ltd. Chief Executive Officer Yam King-shun said that in recent years, Cyberport's ecosystem or platform has given birth to many "unicorn" companies, including logistics and financial companies, and many foreign "unicorn" companies have also increased in the past year. In an interview with our TV programme "20 Years of Dialogue with the CEO", Yam King-shun said that there are many changes in Hong Kong or the world, which makes Hong Kong stand out its unique advantages, because as an international window, it can be easier to integrate with international standards under the "one country, two systems" principle, attracting many people to come to Hong Kong for development and participate in writing the rules of the game for the future. Yam also said that Cyberport focuses on the application of digital technology, while other parks may focus more on research-related projects, and everyone will cooperate and complement each other to make the whole ecosystem play better in Hong Kong.

Golden Finance reported that Hong Kong Cyberport recently placed an advertisement on the recruitment website to hire the position of chief executive, which means that the current chief executive Ren Jingxin will step down in April 2024. The recruitment requirements for new CEOs mention that candidates must have at least 15 years of management experience in large private or public organizations, and be fluent in English, Cantonese and Mandarin, and Yang Chuansheng, director of Hong Kong Cyberport Management Company Limited, has also confirmed that Yam has decided not to renew the contract when it expires. According to the disclosure information of Hong Kong Cyberport, during Ren Jingxin's tenure, two listed companies, two licensed virtual banks, three licensed virtual insurance institutions and a licensed virtual asset trading platform were born in Hong Kong Cyberport, with a cumulative financing of more than HK$37.5 billion.

PANews news on October 21, according to "Hong Kong 01" reported, Hong Kong Cyberport recently published an advertisement on the recruitment website to hire the position of CEO, which means that the current CEO Ren Jingxin will step down in April 2024. The recruitment requirements for new CEOs mention that candidates must have at least 15 years of management experience in large private or public organizations, and be fluent in English, Cantonese and Mandarin, and Yang Chuansheng, director of Hong Kong Cyberport Management Company Limited, has also confirmed that Yam has decided not to renew the contract when it expires. According to the disclosure information of Hong Kong Cyberport, during Ren Jingxin's tenure, two listed companies, two licensed virtual banks, three licensed virtual insurance institutions and a licensed virtual asset trading platform were born in Hong Kong Cyberport, with a cumulative financing of more than HK$37.5 billion.

Golden Finance reports that USDC stablecoin issuer Circle is focusing on growth in Asia and has made Singapore its regional operations center. In 2022, the company received approval from the Monetary Authority of Singapore to provide digital payment token services as well as cross-border and domestic transfer capabilities in Singapore. Yam Ki Chan, Circle’s vice president of strategy and policy, said at Korea Blockchain Week that it is studying how to develop its Web3 business and support a broader Web3 ecosystem, so Asia is a natural place.

According to Sing Tao Daily reports, Hong Kong Executive Council member and former HKMA Chief Executive Yam Chi Kong and Secretary for Financial Services and the Treasury Xu Zhengyu had a heated debate on the same stage at the 50th Anniversary Future Hong Kong Summit Forum yesterday. Ren Zhigang questioned the basic skills of virtual assets, saying, "I don't even want to look at the balance sheet, how can I support the economy?" Ren Zhigang admitted that he "will not buy" virtual assets, and asked Xu Zhengyu: "How can virtual assets support the economy?" Xu Zhengyu asked rhetorically, "Mr. Ren is in favor of virtual technology, but not virtual assets?" He pointed out that the future of Hong Kong's finance should be new and old, and Hong Kong is a comprehensive financial system that is interconnected. The development of virtual assets and currencies can help support the development of Hong Kong's financial industry in the ever-changing international market, but it does not negate or ignore traditional finance. Virtual assets can be linked to economic operation and efficiency improvement, such as blockchain, which can improve the operation and efficiency of the economic system to a certain extent.