Tracking Technology, Energy, and New Governance (ESG), which is TMT for the next decade
Core concerns
Core concerns
► For the current fire of artificial intelligence, Ren Zhengfei believes that there will be a storm in the future on the AI model, not only Microsoft. The direct contribution of artificial intelligence software platform companies to human society may be less than 2%, 98% is the promotion of industrial society and agricultural society, and the popularization of AI services requires 5G connectivity.
► A list of more than 50 companies in the defense, pharmaceutical and technology sectors, including SpaceX, Netflix and Boeing, will reportedly join a delegation organized by the U.S.-ASEAN Business Committee that plans to visit Vietnam next week.
► The details of this oil price adjustment are as follows: domestic gasoline and diesel prices will be reduced by 100 yuan and 95 yuan per ton respectively. According to the estimation of the 50L capacity of the general household car fuel tank, filling up a tank of No. 92 gasoline will cost 4 yuan less.
► It was learned from a number of people familiar with the matter that the biggest organizational change of BYD this year is the implementation of independent operation of automobile brands.
Technology
1. Ren Zhengfei talks about ChatGPT
On March 17, Huawei founder Ren Zhengfei delivered a speech at a symposium of winners and experts inside and outside the company of the "Unveiling the Difficult Problems" Spark Award. For the current fire of artificial intelligence, Ren Zhengfei believes that there will be a storm in the AI big model in the future, not only Microsoft. The direct contribution of artificial intelligence software platform companies to human society may be less than 2%, 98% is the promotion of industrial society, agricultural society, AI service popularization requires 5G connection, "What is the opportunity for ChatGPT for us?" It will stretch up the calculation, stretch the pipeline flow, so that our products have market demand. (The Paper)
2. The father of ChatGPT calls on regulators
ABC News Channel (ABCNews) reported that Sam Altman, the father of ChatGPT, said in an interview that artificial intelligence (AI) technology will reshape society, and he believes that AI poses dangers, but it is also "the greatest technology that mankind has developed to date." He stressed that regulators and the community should be involved in the release and testing of ChatGPT as much as possible, as external feedback helps reduce the potential threat posed by the technology to humans. He added that he maintains "regular contact" with government officials. (The Paper)
3. FII participates in ChatGPT
The reporter learned from insiders that the efficient computing HPC system currently supplied by FII to customers has been applied to ChatGPT, and then ChatGPT Plus and other AI-related applications, but the proportion of related revenue is not large. ( e Company)
4. US companies organized delegations to visit Vietnam
According to reports, a list shows that more than 50 companies in the defense, pharmaceutical and technology fields, including SpaceX, Netflix and Boeing, will join a delegation organized by the U.S.-ASEAN Business Committee and plan to visit Vietnam next week to explore investment and sales opportunities in the country. U Xiucheng, chief representative of the U.S.-ASEAN Business Council for Vietnam, said the agency had organized similar events for three decades and that "Vietnam will host the largest delegation ever." (Interface)
Energy
1. Reduced price of refined oil
According to the National Development and Reform Commission, a new round of refined oil price adjustment window will open at 24 o'clock today (March 17). According to the monitoring of the price monitoring center of the National Development and Reform Commission, the international oil price fluctuation fell during the current round of refined oil price adjustment cycle (March 3-March 16). On average, London Brent and New York WTI oil prices fell by 2.29% from the previous price adjustment cycle. The details of this oil price adjustment are as follows: domestic gasoline and diesel prices are reduced by 100 yuan and 95 yuan per ton respectively. According to the estimation of the 50L capacity of the general household car fuel tank, filling up a tank of No. 92 gasoline will cost 4 yuan less. (CCTV Finance)
WTI crude fell $8, or 10 percent, this week, and if maintained at that level, it would have posted its biggest weekly decline since early December. Ritterbusch & Associates said that while the balance of the oil market hasn't changed much amid the collapse in oil prices this week, investor interest in risky assets has decreased as recession fears have increased due to bank failures. But there are still significant risks in our scenario, namely OPEC production cuts or White House announcements of replenishment of the Strategic Petroleum Reserve.
2. BYD's organizational change
It was learned from a number of people familiar with the matter that BYD's biggest organizational change this year is to promote the independent operation of automobile brands. The adjustment began with BYD's R&D core department, the Engineering Institute, which is currently planning to establish a number of new energy vehicle brand research institutes, including the Dynasty Research Institute, the Ocean Research Institute, and the Denza Research Institute. Since last year, BYD has ushered in a sales blowout, and the company has implemented a number of measures to improve operational efficiency, including changing the previously relatively fixed 1.33 (fixed salary + 33% performance pay) salary system to floating performance, and implementing a final elimination system. In addition, BYD also invited a number of Huawei executives to the company to conduct organizational training to enhance competition awareness. (36 Kr)
3. Xpeng will enter systematic car manufacturing
He Xiaopeng said at the 2022 earnings call that this year, Xpeng's pure electric platform, electronic and electrical architecture, power system, and intelligent assisted driving will be fully platformized and enter the stage of real systematic car manufacturing, providing users with a better experience and quality products with faster speed and lower cost. At the same time, He Xiaopeng said that as of the end of last year, Xpeng Motors had more than 38 billion yuan in cash on hand, and had basically completed the investment in the two major production bases, and capital expenditure would decline significantly, and in the next two years, it would also significantly reduce costs in the fields of intelligence, power, and vehicles in accordance with a clear implementation path. In the future, with the large-scale commercialization of autonomous driving technology, Xpeng is expected to focus on realizing its technological advantages, establishing technical barriers, and creating value for users.
4. Chengdu car purchase subsidy
According to the news released by Chengdu, the "production and marketing linkage" automobile consumption activity in Longquanyi District was launched today, with a total subsidy amount of 100 million yuan, and the cumulative subsidy for bicycles was up to 150,000 yuan. The campaign lasted until June 30, 2023, and the participating brand models covered pure electric, hybrid and plug-in. Individual or legal person consumers who purchase designated models of FAW-Volkswagen, FAW Toyota, Volvo, Peugeot-Citroen Automobile, Dayun Automobile, Lynk & Co, Hongqi and other enterprises at automobile dealers operating in Chengdu will receive a one-time subsidy ranging from 15,000 to 150,000 yuan per vehicle if they purchase designated models from FAW-Volkswagen, FAW Toyota, Volvo, Peugeot-Citroen Automobile, Dayun Automobile, Lynk & Co, Hongqi and other enterprises within the specified period. (Securities Times)
5. Lithium carbonate prices fell by 35% during the year
According to data from Shanghai Steel Union, as of March 16, the average price of battery-grade lithium carbonate was 333,000 yuan / ton, which has fallen by more than 35% during the year. Industrial grade lithium carbonate, lithium hydroxide, etc. have fallen sharply. CICC believes that the accumulation of a large amount of lithium salt stocks in smelters may lead to a sell-off at low prices, accelerating the decline in lithium salt prices. In the future, with the recovery of demand and the gradual consumption of lithium salt plant inventory, lithium prices may gradually stabilize. (SSE Report)
ESG
Carbon market today
Today, the trading volume of the national carbon emission allowance (CEA) listing agreement was 1001 tons, the turnover was 56805.00 yuan, the opening price was 57.50 yuan / ton, the highest price was 57.50 yuan / ton, the lowest price was 55.00 yuan / ton, and the closing price was 56.75 yuan / ton, the closing price was up 1.34% from the previous day. There are no large agreement deals today. Today, the total trading volume of national carbon emission allowances (CEA) is 1001 tons, with a total turnover of 56805.00 yuan. (National Carbon Trading)