Elon Musk said xAI's next-generation AI computer cluster Colossus 2 could more than double its number of NVIDIA Corporation (NVDA.US) chips by the end of this year.

Musk said in a post on social platform X that Colossus 2 so far has 110,000 Nvidia GB200 chips and 440,000 GB300 chips. Another 220,000 GB300 chips are expected to begin operations next week, with an additional 220,000 chips expected in November.

If all goes well, another 220,000 chips may be put into operation in late December, he added.
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Citi's research report cited management as saying that UBTECH ROBOTICS (09880.HK) maintained its 2026 industrial humanoid robot shipment target of 4,000-5,000 units, with bipedal and wheeled robots each accounting for half. Although around two-thirds of current humanoid robot demand comes from government data training centers, industrial user orders are expected to gradually replace training center demand over the next one to two years.

UBTECH ROBOTICS believed EBITDA may turn profitable in 2H26, and net profit may be recorded in 2027. In addition, UBTECH ROBOTICS is set to launch its self-developed simulation platform to reduce reliance on NVIDIA Corporation (NVDA.US) robotics toolkits and pave the way for import substitution across the broader ecosystem in the future.

The broker maintained its Buy rating on UBTECH ROBOTICS with a TP of HKD125.
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AASTOCKS Financial News
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Chinese President Xi Jinping and his wife Peng Liyuan attended a welcome banquet hosted by US President Donald Trump and his wife Melania Trump at the White House.

According to a White House press release, more than 100 people attended the state dinner, mainly US government officials, business leaders and their spouses, including Apple Inc. (AAPL.US)'s Tim Cook, NVIDIA Corporation (NVDA.US)'s Jensen Huang and his wife, Tesla, Inc. (TSLA.US)'s Elon Musk, Meta Platforms, Inc. (META.US)'s Mark Zuckerberg, Amazon.com, Inc. (AMZN.US)'s Jeff Bezos and Advanced Micro Devices, Inc. (AMD.US)'s Lisa Su. Anthropic, however, was not on the guest list.

For China, the list included only seven officials accompanying Xi and Trump and their spouses, including Cai Qi, Wang Yi, He Lifeng, Zheng Shanjie, Wang Wentao, Ma Zhaoxu and Xie Feng.
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Google, OpenAI and Anthropic are pushing ahead with the establishment of an industry self-regulatory body named Standards Authority for Frontier AI (SAFA), which will operate independently without government regulation, The Information, citing sources, reported. The new organization could be established as early as the end of 2026 or early 2027.

The organization will focus on specific testing and audit frameworks, including support for third-party pre-deployment safety testing, incident reporting requirements and auditor qualification standards. The concept originated from a proposal put forward in July by Google DeepMind CEO Demis Hassabis.

The three companies initially sought to establish a public-private partnership mechanism under US federal regulation, but shifted to a purely industry self-regulatory approach after a draft White House executive order was shelved. Candidates for the organization's CEO role include former White House artificial intelligence policy adviser Sriram Krishnan. However, whether SAFA can gain broad industry recognition and clarify its division of responsibilities with government regulators remains to be seen.
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AASTOCKS Financial News
Website: www.aastocks.com

ORACLE (ORCL.US) is taking measures to avoid incurring substantial costs related to a large data center being built in New Mexico. The company issued a force majeure notice to an affiliate of project developer BLUE OWL CAPITAL (OWL.US), requesting deferred payments if the data center fails to commence operations as scheduled in 2028.

The data center is facing regulatory hurdles due to local opposition. An Oracle spokesperson said force majeure notices are common in development projects of this scale and are typically used to preserve contractual rights. The notice itself does not constitute a project delay nor does it alter delivery expectations.

Overnight (24th), shares of ORACLE (ORCL.US) dived 3.5% to USD139.54, while BLUE OWL CAPITAL (OWL.US) also slid 3.6% to USD9.25.
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Ahead of the Xi-Trump meeting, Tesla, Inc. (TSLA.US) CEO and SpaceX (SPCX.US) founder Elon Musk said in an interview with CGTN that he called on the two countries to lower tariffs and reduce trade restrictions, while urging the US and China to reach an agreement on a joint AI regulatory platform.

Musk said that Xi Jinping is an outstanding leader and that China has achieved tremendous development during his tenure. He also praised China's manufacturing capabilities, saying this is where the magic of Tesla's Shanghai factory lies.
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AASTOCKS Financial News
Website: www.aastocks.com

Goldman Sachs published a research report covering XIAOMI-W (01810.HK), which launched the open-source MiMo-V2.6 AI model series on Sep 22-23, alongside the latest flagship Xiaomi 18 Pro smartphone series, and introduced multiple AIoT devices covering tablets, smartwatches and smart home products.

The broker believed MiMo-V2.6 consolidates Xiaomi's position as a leading foundation model developer and was positively surprised that its API pricing remained unchanged.

MiMo-V2.6 is among the few open-source frontier AI models supporting multimodal reasoning with trillion-parameter scale capabilities. Pricing for its real-time API and personal token plans remained unchanged from the V2.5 series, making it one of the most cost-effective Chinese AI models.

The broker believed the competitive pricing does not reflect weakening pricing power, but instead stems from Xiaomi's long-term AI monetization strategy, leading training/inference efficiency and strong balance sheet. The broker was also optimistic about Xiaomi expanding API/token plans and large language model applications within its Human x Car x Home ecosystem.

On smartphones, the broker maintained a cautious view on shipment volumes including the Xiaomi 18 Pro series, as the Xiaomi 17 series was already the best-selling flagship series while demand remains soft and faces price increases. However, the broker opined the 18 Pro series will help solidify Xiaomi's position as China's top-three premium smartphone brand behind Apple Inc. (AAPL.US) and Huawei. The broker maintained a Buy rating with a TP of HKD39.
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AASTOCKS Financial News
Website: www.aastocks.com

Waymo, the autonomous taxi operator under Alphabet Inc. (GOOGL.US), plans to launch services in Singapore in 2028, marking the company's first market expansion in Southeast Asia. Singapore is accelerating the introduction of autonomous taxi services to address labor shortages.

Waymo announced last week its plan to begin manually driven operations in Singapore next year and hire local autonomous driving specialists to study road conditions. Subject to regulatory approval, the company expects to provide fully autonomous driving services to the public through its app in 2028.

Waymo did not disclose how many vehicles will be deployed initially, nor the eventual fleet size.
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AASTOCKS Financial News
Website: www.aastocks.com

Tesla, Inc. (TSLA.US) CEO Elon Musk said in an interview with CCTV Finance that he expects there will be at least 1 billion humanoid robots within 10 years, possibly reaching 10 billion in the next 15 years and potentially 100 billion in the next 20 years.

Musk said that everyone may own dedicated robots to help undertake various tasks in future. One person could control hundreds, thousands, or even tens of thousands of physical robots and digital intelligent agents.

Earlier this month, he expressed that AI will utterly reshape the global economic landscape and production models, and is expected to expand the size of the global economy by 20-30%, equivalent to an additional USD20-30 trillion in economic output annually.
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AASTOCKS Financial News
Website: www.aastocks.com

Based on checks conducted on 21 Sep, waiting times for the iPhone 18 Pro and Pro Max were generally about one week longer than those for the iPhone 17 Pro and Pro Max in the same period last year, and were also one to two weeks longer than last week, CLSA said in a research report.

The broker noted that waiting times for the iPhone 18 Pro ranged from two to four weeks, with China and Japan at about three to four weeks, longer than other major markets and about one week longer YoY. Waiting times for the iPhone 18 Pro Max ranged from three to five weeks, with China, Japan and the UK at about four to five weeks, also longer than other major markets and about one week longer YoY.

The broker rated Apple Inc. (AAPL.US) Outperform with a TP of USD405; AAC TECH (02018.HK) was rated High Conviction Outperform with a TP of HKD54.4; BYD ELECTRONIC (00285.HK) and LENS (06613.HK) were both rated Outperform with TPs of HKD29 and HKD30.7 respectively.
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AASTOCKS Financial News
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