<p>Good morning! A beautiful day starts with making money.</p>
<p>Before the market opens today, Sohu, Baidu, and iQIYI will release their earnings.</p>
<h3>Musk's &#34;Department of Government Efficiency&#34; turns attention to the SEC</h3>
<h3>Musk confirms that his xAI will establish an AI game studio</h3>
<h3>Today, Musk will release Grok 3 and conduct a live demonstration</h3>
<p>Previously, Musk claimed that Grok 3 is &#34;the smartest AI on Earth,&#34; performing better than all competitors released so far, with the release time set for 8 PM Pacific Time on Monday.</p>
<h3>OpenAI may release GPT-4.5 to counter Musk's Grok 3</h3>
<p>OpenAI CEO and co-founder Sam Altman stated that for high-demand testers, the experience of trying GPT-4.5 brings a sense of AGI that is much deeper than I expected! This indicates that GPT-4.5 has entered the testing phase and is very close to official release.</p>
<h3>Baidu Search gray testing access to DeepSeek, launching at midnight on the 18th</h3>
<p>Baidu Search is currently gray testing access to DeepSeek and the Wenxin Yiyan deep search function, with some users already able to experience it. Users can click &#34;AI+&#34; on the Baidu PC homepage to enter AI search, and switch to the DeepSeek R1 model by clicking the &#34;Deep Thinking R1&#34; button below the search box; or enter any search term in the Baidu APP, complete a round of search, and click &#34;AI+&#34; on the search results page to enter AI search, then click below to try &#34;DeepSeek R1&#34; to converse with DeepSeek.</p>
<h3>Former OpenAI chief scientist Ilya's new AI company Safe Superintelligence raises funding</h3>
<p>The funding amount exceeds $1 billion, with the company valued at $30 billion.</p>
<h3>Institutions: Xiaomi YU7's debut is expected to achieve impressive sales, strongly challenging the sales champion Model Y</h3>
<p>The Ministry of Industry and Information Technology has released the &#34;Catalog of New Energy Vehicle Models for Vehicle Purchase Tax Reduction and Exemption&#34; (14th batch), which includes Xiaomi YU7. Data shows that the YU7 will offer two different battery capacity versions, 96.3 kWh and 101.7 kWh, with a maximum range of up to 820 kilometers. Institutions believe that looking ahead to 2025, Xiaomi YU7 will strongly challenge the sales champion Model Y. Excellent marketing capabilities combined with strong product power are expected to lead to impressive sales for the debut SUV, with Xiaomi's car sales projected to reach 300,000 units in 2025, a year-on-year increase of 119%.</p>
<h3>Xiaomi will launch central air conditioning at the end of February</h3>
<p>Targeting Daikin air conditioning. The release of Mijia central air conditioning also means that Xiaomi is entering the pre-installation market.</p>
<h3>Global hedge funds rapidly flock to Chinese assets</h3>
<p>According to a Goldman Sachs research report, global hedge funds have been significantly buying Chinese stocks for most of this year, with the buying intensity in early February being the strongest in four months. In the past month, global hedge funds have driven the total market value growth in both onshore and offshore markets by over $1.3 trillion. Investment banks such as Morgan Stanley and Deutsche Bank are optimistic about the Chinese stock market, believing that technological breakthroughs like DeepSeek and policy dividends will further drive market growth
Goldman Sachs stated that recent developments in AI have changed the narrative of China's technology sector, leading investors to reassess the driving effects of AI on economic growth and economic benefits. Goldman Sachs expects a 19% upside potential for the CSI 300 Index over the next 12 months. During the same period, artificial intelligence is expected to attract a net inflow of $200 billion into the Chinese stock market</p>

XIACY

01810

BIDU

09888

<p>Elon Musk's "Department of Government Efficiency" is turning its attention to the U.S. Securities and Exchange Commission. Today, Musk will release Grok 3 and conduct a live demonstration. Baidu searches for grayscale testing access to DeepSeek. Former OpenAI Chief Scientist Ilya's new AI company Safe Superintelligence has raised over $1 billion, with a company valuation of $30 billion. Institutions: Xiaomi YU7's debut is expected to strongly challenge the sales champion Model Y. Global hedge funds are rapidly pouring into Chinese assets, with multiple foreign institutions bullish</p>

- Elon Musk's xAI is launching an AI gaming studio, with Grok 3 set to be unveiled today, claiming to be "the smartest AI on Earth."  
- OpenAI is nearing the release of GPT-4.5, with CEO Sam Altman noting profound experiences from testers, indicating it is in the final testing phase.  
- Global hedge funds have significantly increased investments in Chinese stocks, with a projected 19% rise in the CSI 300 index over the next year, driven by advancements in AI and favorable policies.

LB Select

Xiaomi Corporation

XIAOMI-W

Baidu

BIDU-SW

Tesla

OpenAI

Deutsche Bank AG

Morgan Stanley

Goldman Sachs

Breakfast | Elon Musk will release Grok 3, Sohu, Baidu, and iQIYI will announce their earnings reports