Former Google China chief Kai-Fu Lee said China will win the AI reach race by offering cheaper rivals to OpenAI and Anthropic, according to Bloomberg. Bloomberg said Lee explained the business model behind Chinese competitors.

According to the BBC, a Russian drone struck the headquarters of Ukraine's Security Service (SBU) in central Kyiv on Friday afternoon, hitting a room used by security chief Oleksandr Poklad. President Volodymyr Zelensky said he had spoken to Poklad and ordered an appropriate response, while Foreign Minister Andriy Sybiha called the attack a major escalation. Kyiv Mayor Vitali Klitschko said five people were hurt. The Russian defense ministry also said it struck a cargo vessel in the Ukrainian port of Chornomorsk and a tanker near Odesa. The attack came as US mediators Steve Witkoff and Jared Kushner were due to visit Russia and Ukraine this weekend for talks on ending the war.

According to CNBC, Guidewire Software fell 21% after its current-quarter revenue guidance missed expectations, while Tesla dropped 6% after the National Highway Traffic Safety Administration announced an investigation into whether the Cybercab complies with federal safety standards. Sandisk rose more than 8% and KLA gained 7% as chip stocks rallied, while the VanEck Semiconductor ETF (SMH) climbed more than 2% and the Roundhill Memory ETF (DRAM) advanced 5%. Quanex Building Products surged 19% after reporting third-quarter adjusted earnings of 79 cents per share and revenue of $501.8 million, both above estimates. AMC Entertainment gained 6.5% after CEO Adam Aron criticized Robinhood’s stock tokens for AMC and other companies, while Equifax, TransUnion and Fair Isaac fell after Federal Housing Finance Agency Director Bill Pulte said on X that the credit bureaus had been overcharging Americans for too long. Smith & Wesson rose 6% after beating on earnings and revenue, while Lululemon Athletica tumbled 17% after issuing a weaker-than-expected forecast for the current quarter. Zscaler slipped 5% despite beating quarterly estimates and issuing guidance that topped expectations. Adobe said Anil Chakravarthy will become its next CEO, succeeding Shantanu Narayen, and shares were last down 6%. Asana fell 14% after its third-quarter outlook missed estimates, while Samsara rose about 4% after lifting its full-year revenue and adjusted earnings guidance. UiPath lost 16% after its current-quarter outlook came in near estimates, and Oxford Industries sank 17% after cutting its full-year earnings and revenue guidance.

According to Jin10, the United States is seeking a more affordable alternative after suffering major losses of MQ-9 Reaper drones in its conflict with Iran.

US retail diesel rose to a record nationwide average of $5.85 a gallon on Thursday, according to the American Automobile Association, Bloomberg reported. The fuel’s increase comes as wars in Iran and Russia roil the market.

Nigerian billionaire Aliko Dangote is seeking to raise $1.6 billion in an initial public offering for his refinery, Africa’s largest, according to Bloomberg.

Crypto exchanges are becoming much larger venues for trading contracts tied to stocks, indexes and commodities, adding fresh evidence that digital assets and traditional markets are starting to merge. According to Bloomberg, the growth in this type of trading is adding fresh evidence that the worlds of digital assets and traditional markets are starting to merge.

OKX, Binance, and Fomo earn 1.2 million a day. Why are the two major exchanges nervous? According to Jinse Finance, Fomo has yet to confirm whether it will issue its own token.

Jinse Finance launches the "Jinse Web3.0 Daily," providing you with the latest and fastest news on AI, DeFi, DAO, NFT, and the metaverse industry.

As the yield differences between different staking products become smaller, what is the real key to success in staking that is worth comparing?

Meme, Robinhood, and Wall Street stocks are becoming the liquidity of Meme: A full analysis of Robinhood Chain's "crypto-stock Meme" - Jinse Finance, where are the opportunities?

Visa's story is not about how a credit card company grew bigger, but about how a payments organization established order between competition and cooperation, and ultimately turned that order into global business infrastructure.

Meme: 64-year-old man tops Fomo charts. The meme legend of "Diamond Hand" Bonkguy. Golden Finance: After several setbacks, he returned to the top with the help of memes.

Renowned on-chain trader Unipcs (Bonk Guy) has once again returned to the spotlight with his solid track record, topping the Fomo platform's profit leaderboard with a portfolio increase of over $9.8 million in the past month.

US Treasury bonds, central banks, global bond market turmoil: Which asset classes will be affected? Golden Finance reports that alarms are sounding across the global bond market.

Cobo co-founder Shenyu and Jilian Technology founder Jinming had an in-depth conversation that covered a wide range of topics, from investment systems, Bitcoin, DeFi, and AI agents to the meaning of life.

Hui Ka Yan, the founder of China’s fallen real estate giant Evergrande, has gone from one of Asia’s richest men to a life prisoner after a Chinese court convicted him of large-scale financial fraud and embezzlement.