​​🇨🇳China’s strange move to save the unemployment rate🇨🇳

🇨🇳The Chinese government recently proposed a new plan to deal with high unemployment. They called on universities across the country to expand the recruitment of scientific research assistants. This move is aimed at increasing employment opportunities, but it has triggered some interesting discussions.

🤔 The interesting thing about this program is that these research assistant jobs aren’t always real jobs. In fact, this is more like a "career transition area", providing a transition period for unemployed students, allowing them time to think about their career plans or look for other job opportunities.

💰 Some people question the salary situation in these "career transition areas", and some positions may not even pay. This raises the question of whether the plan is simply a waste of taxpayer money while ostensibly boosting employment.

However, these research assistant roles also have their benefits. While they don't have to actually work, they provide a transition period for other unemployed students, giving them more time to think about their career plans or look for other job opportunities. At the same time, these experiences can also increase their skills and experience, which will be helpful for future career development.

In short, this plan has alleviated the pressure of unemployment to a certain extent, but it has also raised doubts about whether it is truly beneficial to the future career development of graduates. 🤷‍♂️💼

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‼ ️ It was reported in the market that Hong Kong Compliance Exchange OSL was selling, causing the stock price to plummet🥴🥴

🔥[Bloomberg: OSL intends to sell for 1 billion] 🔥
Bloomberg quoted news that BC Technology Group intends to sell virtual asset trading platform OSL, and OSL is one of the two virtual asset trading platforms (VATP) currently licensed by the Securities Regulatory Commission.

📢【The news causes stock price fluctuations】📢
After the news came out, the stock price of BC Technology Group (00863), the parent company of OSL, fell nearly 20%, temporarily trading at 3.45 yuan, with a transaction volume of approximately 18 million yuan.

[BC Technology Group points out that the report is inconsistent with the facts]
Hong Kong BC Technology Group Co., Ltd. issued a clarifying announcement, stating that the board of directors is not aware of any reasons behind the recent abnormal fluctuations in stock prices and trading volumes. At the same time, the board noted that a recent report published by Bloomberg that the company was considering selling its virtual asset trading platform OSL business was factually incorrect and misleading. BC Group urges shareholders and potential investors to exercise caution when trading in the company's shares.

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🌟 Bitcoin has experienced twists and turns, including fake news! 📉📈

🗓️ On the evening of October 16th, the price of Bitcoin experienced a thrilling game. According to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) approved BlackRock’s iShares Bitcoin Spot ETF, and the price of Bitcoin once soared to $30,000, hitting a new high! 🚀

However, shortly after the news was announced, many analysts questioned whether it was fake news. BlackRock immediately clarified that "the U.S. SEC approved BlackRock's iShares Bitcoin Spot ETF" was not true, and their application is still under review. The price of Bitcoin immediately plummeted, falling back to around $28,000. 📉

At the same time, a rumor spread online that Cointelegraph’s interns were suspected of making profits by buying large amounts of Bitcoin and creating false news. However, this rumor has not been confirmed. Whether true or false, this setback has made people more alert to the risks of fake news and market speculation. 🤨🧐

📢 Remember, you need to stay alert to news, make careful judgments, and don’t believe market rumors!

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🚀 OpenAI is about to be upgraded! 🚀

According to a report from Reuters on Wednesday (11th), there is big news! OpenAI will not only be satisfied with the status quo, but will also provide developers with more possibilities.

🌟 Next month, OpenAI will launch a major update that will make AI application development cheaper and faster, attracting more companies to use this technology.

🔥 New features include expanded memory storage, which can theoretically reduce application development costs by up to 20 times, addressing partners’ concerns and making it easier for them to develop and sell AI software.

🖼️ In addition, OpenAI also plans to launch vision functions, allowing developers to build applications with image analysis and description functions, which can be applied in fields such as entertainment and medicine.

🗓️ These exciting new features, expected to debut at OpenAI’s inaugural developer conference in San Francisco on November 6, will mark the expansion of OpenAI’s ambitions into a popular developer platform!

Follow now and don't miss this important news! 🔗

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Photo: Getty Images

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🌟Generative AI is one of the hottest technology projects today. In order to compete with OpenAI led by ChatGPT, Google launched a service called Bard and announced the expansion of generative AI to its various services. Now, Google has introduced generative AI into search services and launched a new AI-powered Search experience (SGE) service. 🌟

Currently, SGE services will first be launched in the United States in English and are restricted to users 18 years of age or older. Eligible U.S. users can experience SGE starting today through the Google app on iOS or Android, or through Search Engine Labs in Chrome.

SGE's goal is to help users find images that fit their needs faster while unleashing their imagination! SGE uses generative AI to generate the type of images the user has in mind. For example, if you're looking for a picture of a capybara-themed birthday card, you can simply enter the description "Draw a picture of a capybara wearing a chef's hat and cooking breakfast" into the search box, and SGE will generate Formula AI generates four pictures for you. Not only do these images have richly detailed descriptions, such as "Realistic capybara wearing a chef's hat, making breakfast and grilling bacon in the forest," but you can also further edit the description to make the image more closely resemble your desired effect.

In addition, by joining the SGE program, you may also see results generated by generative AI in Google Image Search. However, Google also takes social responsibility very seriously and avoids AI-generated images that violate no-use terms. Therefore, images generated through SGE will be tagged with the original data and embedded with a watermark to indicate that the image comes from generative AI. In addition, Google will launch a new tool called "About this Image" to help users evaluate the context and credibility of a photo. For example, it will show things like when the image first appeared online, as well as related information from news and fact-checking sites.

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Binance Changpeng Zhao: In one and a half years, Bitcoin will reach a historical high

🗣️Binance founder Changpeng Zhao used the recently actively promoted "Binance Square" function to express his views on the Bitcoin halving.

Changpeng Zhao (CZ) said that although he cannot predict the future, based on the experience of the past three halvings, he has the following three ideas:

1️⃣A few months before the Bitcoin halving, many people will begin to discuss, report, worry, expect, and speculate on the future price of Bitcoin.

2️⃣On the first day of halving, the price of Bitcoin will not double immediately, and people will also wonder why it has not doubled.

3️⃣Within one year after the halving, the price of Bitcoin may reach an all-time high, and people will ask why. Because people have short memories.

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JPMorgan Chase: Bitcoin is the past, RWA (tokenization of traditional assets) is the future

🔥Tyrone Lobban, head of JPMorgan Chase’s blockchain department, said at the recent Digital Asset Summit that the rapid growth of Bitcoin has passed and the future opportunities belong to RWA (tokenization of traditional assets)🔥

1.【Interest in cryptocurrency cools】☃️
Lobban said at the meeting that although cryptocurrency has attracted a large number of investors and users in the past, some customers' interest in it has waned along with market adjustments and bankruptcies. Lobban blamed the decline on interest, saying "some customers don't necessarily want to be involved right now."

2.【Bitcoin’s stability and future prospects】🪙
When it comes to cryptocurrencies, Lobban believes that Bitcoin’s current price stability makes it more like a stablecoin and that the days of huge returns may be over. However, this does not mean that the future of cryptocurrencies is bleak. He said that more interoperable platforms or mechanisms may emerge in the future to support wider applications of cryptocurrency.

3.【Tokenization of traditional financial instruments is more popular with customers】📈
Lobban said that 99.9% of the conversations he has with clients are now about how to tokenize traditional financial instruments, not cryptocurrencies. This shows that traditional financial institutions are gradually moving toward tokenization and focusing on more traditional financial products.

Photo: europeanbusinessreview

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Secretary of the Treasury Bureau of Hong Kong: Retail trading will not be allowed until Hong Kong’s stablecoin regulatory framework is released

Secretary for the Treasury Secretary Hui Ching-yu of Hong Kong stated in a program of the Investment and Financial Education Committee that serious fraud cases on unlicensed virtual asset trading platforms such as Jpex and FTX reflect the risks of unregulated platforms and the importance of supervision.

Xu described that the risks of investing in unregulated platforms are high because these platforms lack transparency and may not necessarily be stable in operation. If investors have disputes with the platform, they may have no way to complain; if the platform goes bankrupt, ceases operations, commits fraud, breach of contract or even theft, , investors are likely to lose all their assets deposited on these platforms.

In the past, many virtual asset trading platforms used stablecoins such as USDT as trading media. Xu Zhengyu said that relevant currencies in the market would support their value with US dollars or gold, with the goal of stabilizing prices. However, there have been stablecoin prices in the past. Volatility or even collapse. Xu pointed out that the reserve management of stablecoin issuers will affect price stability and investors’ rights to redeem fiat currency. Considering these factors, until Hong Kong officially regulates stablecoins, retail trading will not be allowed for the time being.

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