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According to monitoring by 1M AI News, SoftBank, NEC, Honda, and Sony have established a new company for artificial intelligence development. The joint venture will leverage the Japanese government's policy support to create domestically produced AI foundation models and plans to provide services to Japanese companies. The new joint venture is named 'Japan AI Foundation Model Development' and aims to gather around 100 AI developers, with a SoftBank executive serving as president. Additionally, major banks including Nippon Steel, Kobe Steel, Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, and Mizuho Bank are also participating in the funding. SoftBank and NEC will handle the development, while Honda plans to apply the results for autonomous driving. AI development company Preferred Networks (Tokyo) is also involved.

[SoftBank, NEC, Honda, and Sony Establish 'Japan AI Foundation Model Development' Company]According to monitoring by 1M AI News, SoftBank, NEC, Honda, and Sony have established a new company for artificial intelligence development. The joint venture will leverage the Japanese government's policy support to create domestically produced AI foundation models and plans to provide services to Japanese companies. The new joint venture is named 'Japan AI Foundation Model Development' and aims to gather around 100 AI developers, with a SoftBank executive serving as president. Additionally, major banks including Nippon Steel, Kobe Steel, Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, and Mizuho Bank are also participating in the funding. SoftBank and NEC will handle the development, while Honda plans to apply the results for autonomous driving. AI development company Preferred Networks (Tokyo) is also involved.

SoftBank, NEC, Honda, and Sony Establish 'Japan AI Foundation Model Development' Company

According to market news: The FBI has revealed that economic losses from cryptocurrency scams could reach as high as $11.4 billion in 2025, with the elderly becoming the 'primary target'.

[FBI Annual Warning: Cryptocurrency Scam Losses Reach $11.4 Billion in 2025]According to market news: The FBI has revealed that economic losses from cryptocurrency scams could reach as high as $11.4 billion in 2025, with the elderly becoming the 'primary target'.

FBI Annual Warning: Cryptocurrency Scam Losses Reach $11.4 Billion in 2025

On April 13, Hong Kong's Financial Secretary Paul Chan stated that Hong Kong is adopting a 'small steps' strategy for stablecoin regulation, issuing only a limited number of licenses in the first batch. He emphasized that applying institutions must have practical application scenarios, and after operational implementation and experience gathering, the second batch of licenses will be advanced. He pointed out that stablecoins and digital assets belong to the field of financial innovation, requiring a balance between encouraging development and risk prevention, including the establishment of regulatory mechanisms such as anti-money laundering. He also stressed that while stablecoins have advantages of decentralization and high efficiency, they are essentially payment tools, not investment tools. Additionally, Chan mentioned that in the current international situation and security environment, Hong Kong must remain highly vigilant, achieving 'proactive defense' by enhancing the competitiveness and global influence of its financial markets. Currently, the government and financial institutions have established an all-weather, cross-market monitoring system to ensure stable market operations.

[Hong Kong's Stablecoin Licensing Takes 'Small Steps', Emphasizes Payment Tool Rather Than Investment Target]On April 13, Hong Kong's Financial Secretary Paul Chan stated that Hong Kong is adopting a 'small steps' strategy for stablecoin regulation, issuing only a limited number of licenses in the first batch. He emphasized that applying institutions must have practical application scenarios, and after operational implementation and experience gathering, the second batch of licenses will be advanced. He pointed out that stablecoins and digital assets belong to the field of financial innovation, requiring a balance between encouraging development and risk prevention, including the establishment of regulatory mechanisms such as anti-money laundering. He also stressed that while stablecoins have advantages of decentralization and high efficiency, they are essentially payment tools, not investment tools. Additionally, Chan mentioned that in the current international situation and security environment, Hong Kong must remain highly vigilant, achieving 'proactive defense' by enhancing the competitiveness and global influence of its financial markets. Currently, the government and financial institutions have established an all-weather, cross-market monitoring system to ensure stable market operations.

Hong Kong's Stablecoin Licensing Takes 'Small Steps', Emphasizes Payment Tool Rather Than Investment Target

On April 13, Trump stated that due to Iran's actions regarding the Strait of Hormuz, the entire world is relying on the U.S. for oil. "We will implement blockade measures tomorrow at 10 AM... Other countries are also working to ensure that Iran cannot sell oil, and this will be very effective! Many ships are heading to our country, refueling, and then leaving to transport this oil, so they won't have to cross the Strait of Hormuz. This issue will ultimately be resolved. The whole world is relying on the U.S. Thanks to the 'Drill, Baby, Drill' campaign, our oil reserves have increased, surpassing the combined total of Russia and Saudi Arabia. The current situation is that ships are arriving, refueling, and no longer needing to cross the Strait of Hormuz!" (Jinshi)

[Trump: The World Relies on the U.S. for Oil Without Crossing the Strait of Hormuz]On April 13, Trump stated that due to Iran's actions regarding the Strait of Hormuz, the entire world is relying on the U.S. for oil. "We will implement blockade measures tomorrow at 10 AM... Other countries are also working to ensure that Iran cannot sell oil, and this will be very effective! Many ships are heading to our country, refueling, and then leaving to transport this oil, so they won't have to cross the Strait of Hormuz. This issue will ultimately be resolved. The whole world is relying on the U.S. Thanks to the 'Drill, Baby, Drill' campaign, our oil reserves have increased, surpassing the combined total of Russia and Saudi Arabia. The current situation is that ships are arriving, refueling, and no longer needing to cross the Strait of Hormuz!" (Jinshi)

Trump: The World Relies on the U.S. for Oil Without Crossing the Strait of Hormuz

According to monitoring by 1M AI News, Alibaba Cloud has announced adjustments to the API free quotas for Standard and Professional users, now supporting a pay-as-you-go model. For DataWorks Standard and Professional users, the daily limit on API calls has been removed. The free quota for DataWorks Standard is adjusted to 100,000 calls per month, with any excess charged on a pay-as-you-go basis via OpenAPI. The free quota for DataWorks Professional is adjusted to 500,000 calls per month, with excess also charged via OpenAPI. The Basic and Enterprise versions remain unchanged, and the QPS limits for all versions stay the same. The changes will be gradually rolled out starting April 14, 2026, and will be fully effective in all regions by April 23, 2026.

[Alibaba Cloud Adjusts API Free Quotas for Standard and Professional Users, Introduces Pay-As-You-Go Option]According to monitoring by 1M AI News, Alibaba Cloud has announced adjustments to the API free quotas for Standard and Professional users, now supporting a pay-as-you-go model. For DataWorks Standard and Professional users, the daily limit on API calls has been removed. The free quota for DataWorks Standard is adjusted to 100,000 calls per month, with any excess charged on a pay-as-you-go basis via OpenAPI. The free quota for DataWorks Professional is adjusted to 500,000 calls per month, with excess also charged via OpenAPI. The Basic and Enterprise versions remain unchanged, and the QPS limits for all versions stay the same. The changes will be gradually rolled out starting April 14, 2026, and will be fully effective in all regions by April 23, 2026.

Alibaba Cloud Adjusts API Free Quotas for Standard and Professional Users, Introduces Pay-As-You-Go Option

According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale that established a position in ETH at $1985 is currently taking profits. The whale, known as 0x54d…e6029, which typically trades with $10 million, has placed a limit sell order for 5,000 WETH on Cowswap, totaling $11.01 million. This whale had built its position at a relatively low point on March 30, and if this sell order is executed, it will realize a profit of $1.085 million.

[Whale Profiting from ETH Position Established at $1985, Gains $1.085 Million]According to on-chain analyst Ai Yi (@ai_9684xtpa), a whale that established a position in ETH at $1985 is currently taking profits. The whale, known as 0x54d…e6029, which typically trades with $10 million, has placed a limit sell order for 5,000 WETH on Cowswap, totaling $11.01 million. This whale had built its position at a relatively low point on March 30, and if this sell order is executed, it will realize a profit of $1.085 million.

Whale Profiting from ETH Position Established at $1985, Gains $1.085 Million

On April 13, Louis Miller, head of Goldman Sachs' global equity customized basket business, pointed out that the current momentum indicators have not yet entered the overbought territory. As long as the fundamentals during the upcoming earnings season remain robust, this AI-driven breakout rally still has ample room to extend, especially in the AI infrastructure sector. The market consensus estimates that the year-over-year EPS growth rate for information technology stocks will reach as high as 44% in the first quarter of this year, which is undoubtedly the core catalyst for this season. 
Despite recent volatility in gold prices, Goldman Sachs maintains its baseline forecast that gold prices will reach $5,400 per ounce by the end of this year. The three main drivers supporting this aggressive target are: the ongoing diversification demand from global central banks, the normalization of speculative positions, and the expectation that the Federal Reserve will cut interest rates by 50 basis points within the year. In this macroeconomic context, gold mining companies have indeed benefited from positive operating leverage, significantly improved free cash flow, and the potential to increase dividends.

[Goldman Sachs: AI-Driven Breakout Rally Has Room to Extend if Earnings Season Remains Strong]On April 13, Louis Miller, head of Goldman Sachs' global equity customized basket business, pointed out that the current momentum indicators have not yet entered the overbought territory. As long as the fundamentals during the upcoming earnings season remain robust, this AI-driven breakout rally still has ample room to extend, especially in the AI infrastructure sector. The market consensus estimates that the year-over-year EPS growth rate for information technology stocks will reach as high as 44% in the first quarter of this year, which is undoubtedly the core catalyst for this season. 
Despite recent volatility in gold prices, Goldman Sachs maintains its baseline forecast that gold prices will reach $5,400 per ounce by the end of this year. The three main drivers supporting this aggressive target are: the ongoing diversification demand from global central banks, the normalization of speculative positions, and the expectation that the Federal Reserve will cut interest rates by 50 basis points within the year. In this macroeconomic context, gold mining companies have indeed benefited from positive operating leverage, significantly improved free cash flow, and the potential to increase dividends.

Goldman Sachs: AI-Driven Breakout Rally Has Room to Extend if Earnings Season Remains Strong

Xunce (03317.HK), known as the 'first token stock' in the Hong Kong stock market, has risen over 20% today, with a cumulative increase of over 625% since the beginning of this year. (Jin Shi)

[Hong Kong Stock Market's 'First Token Stock' Xunce (03317.HK) Rises Over 20%, Up Over 625% Year-to-Date]Xunce (03317.HK), known as the 'first token stock' in the Hong Kong stock market, has risen over 20% today, with a cumulative increase of over 625% since the beginning of this year. (Jin Shi)

Hong Kong Stock Market's 'First Token Stock' Xunce (03317.HK) Rises Over 20%, Up Over 625% Year-to-Date

According to monitoring by 1M AI News, sources reveal that Honor is in discussions with ByteDance regarding collaboration on the 'Doubao Phone'. Before collaborating with ZTE to launch the first generation of Doubao phones, ByteDance initially approached Honor. However, Honor was cautious at the time, believing that such deep system-level collaborations posed certain risks: as an exploratory engineering device, the technical route of the Doubao phone could be more aggressive; and with Honor's user base in the hundreds of millions, any issues with stability, compatibility, or security in new services could potentially lead to large-scale functional anomalies and user complaints, making the associated risks difficult to manage. Honor and ByteDance have previously collaborated multiple times in the AI field. In June 2024, Honor was the first to integrate the Doubao large model, applying it in smart office scenarios, covering functions such as document Q&A, meeting minutes, and copy generation. In October 2025, the collaboration was further upgraded: Honor released the Magic8 series of phones equipped with MagicOS 10 and partnered with ByteDance's Volcano Engine to enhance the YOYO assistant with networked Q&A, intelligent image recognition, and creative photo editing capabilities based on the Doubao large model. There is also broad consensus between the two parties on the direction of AI development. In March 2025, Honor announced the 'Alpha Strategy', planning to invest $10 billion over five years to transform into a globally leading AI terminal ecosystem company. In December of the same year, Honor's product line president Fang Fei publicly affirmed the technical path of the Doubao phone, stating, 'The Doubao phone assistant supports general scenarios and automatically executes tasks based on UI Agent, which aligns with Honor AI's development direction from specific tasks to general execution.' Several industry insiders have pointed out that simply relying on basic configurations and imaging capabilities has become insufficient for significant growth, and the agent task execution capability driven by large models is becoming the next core competitive point in the smartphone industry.

[Honor Engages with ByteDance for 'Doubao Phone' Collaboration, Agent Task Execution Becomes Next Core Competitive Point in Smartphones]According to monitoring by 1M AI News, sources reveal that Honor is in discussions with ByteDance regarding collaboration on the 'Doubao Phone'. Before collaborating with ZTE to launch the first generation of Doubao phones, ByteDance initially approached Honor. However, Honor was cautious at the time, believing that such deep system-level collaborations posed certain risks: as an exploratory engineering device, the technical route of the Doubao phone could be more aggressive; and with Honor's user base in the hundreds of millions, any issues with stability, compatibility, or security in new services could potentially lead to large-scale functional anomalies and user complaints, making the associated risks difficult to manage. Honor and ByteDance have previously collaborated multiple times in the AI field. In June 2024, Honor was the first to integrate the Doubao large model, applying it in smart office scenarios, covering functions such as document Q&A, meeting minutes, and copy generation. In October 2025, the collaboration was further upgraded: Honor released the Magic8 series of phones equipped with MagicOS 10 and partnered with ByteDance's Volcano Engine to enhance the YOYO assistant with networked Q&A, intelligent image recognition, and creative photo editing capabilities based on the Doubao large model. There is also broad consensus between the two parties on the direction of AI development. In March 2025, Honor announced the 'Alpha Strategy', planning to invest $10 billion over five years to transform into a globally leading AI terminal ecosystem company. In December of the same year, Honor's product line president Fang Fei publicly affirmed the technical path of the Doubao phone, stating, 'The Doubao phone assistant supports general scenarios and automatically executes tasks based on UI Agent, which aligns with Honor AI's development direction from specific tasks to general execution.' Several industry insiders have pointed out that simply relying on basic configurations and imaging capabilities has become insufficient for significant growth, and the agent task execution capability driven by large models is becoming the next core competitive point in the smartphone industry.

Honor Engages with ByteDance for 'Doubao Phone' Collaboration, Agent Task Execution Becomes Next Core Competitive Point in Smartphones

According to The Block, members of the U.S. House and Senate have begun working together on a bill to create new market structure rules around digital assets. The talks come amidst a regulatory crackdown on the industry by the Commodities Futures Trading Commission and the Securities and Exchange Commission. Both the enforcement actions and top-level recommendations for new laws to govern digital assets were part of an agenda released by the Biden administration last year. The markets effort is running in parallel to another major effort to advance a bipartisan framework for stablecoins. Details of the Republican-led crypto market effort remain under negotiation. The goal is to introduce it this spring or early summer, and that it and a stablecoins bill would reach bipartisan consensus in the closely divided chambers of Congress, as well as final sign off from President Joe Biden, and provide more rules specific to digital assets.

Detail

【U.S. House and Senate begin working together on a bill to create new market structure rules around digital assets】According to The Block, members of the U.S. House and Senate have begun working together on a bill to create new market structure rules around digital assets. The talks come amidst a regulatory crackdown on the industry by the Commodities Futures Trading Commission and the Securities and Exchange Commission. Both the enforcement actions and top-level recommendations for new laws to govern digital assets were part of an agenda released by the Biden administration last year. The markets effort is running in parallel to another major effort to advance a bipartisan framework for stablecoins. Details of the Republican-led crypto market effort remain under negotiation. The goal is to introduce it this spring or early summer, and that it and a stablecoins bill would reach bipartisan consensus in the closely divided chambers of Congress, as well as final sign off from President Joe Biden, and provide more rules specific to digital assets.

U.S. House and Senate begin working together on a bill to create new market structure rules around digital assets

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U.S. House and Senate begin working together on a bill to create new market structure rules around digital assets

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