The Information reports NVIDIA and ChipAgents have launched an AI chip design evaluation project.

美联储柯林斯：预计美联储将在年底前“进一步”上调利率。

The China Securities Association’s 2025 statistical report on securities firms’ research operations flagged excessive reliance on paid external expert consulting. In 2025, 59 securities firms’ research departments paid expert consulting fees, which accounted for 1.86% of total research revenue; five firms had fees above 10% of research income and 33 firms exceeded the industry average. The association said high expert-fee ratios indicate dependence on external consultants rather than bolstering internal research, raising research unit costs, compressing margins and reducing incentives to improve in-house research quality. It also warned of compliance risks from external expert arrangements, including disguised benefit transfers and improper payments.