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U.S. stock market closing | All three major Indexes rose, with the S&P continuing to hit new highs; Nuclear Power stocks performed strongly, with OKLO and SMR rising over 13%; Meta rose over 2% to reach a record closing high.
Trump calls on the Federal Reserve to lower interest rates immediately. The chip Index and NVIDIA briefly fell over 2%, but ultimately NVIDIA turned to rise, while Tesla fell. Industrial stock Caterpillar boosted the Dow by 400 points. Quantum computing stock Quantum fell over 6%. Nuclear Power stock Oklo, held by Sam Altman, turned to rise over 13%. Electronic Arts Inc fell nearly 17%. After a 0.7% decline, the Chinese concept Index turned to rise, and TAL Education soared 21%.
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Meta's chief scientist LeCun: The new generation AI architecture will be available in 3 to 5 years, with Siasun Robot&Automation technology at its core.
Meta's Chief AI Scientist Yann LeCun stated on Thursday that the lifespan of current LLM models might only be 3 to 5 years, at which point a "completely new paradigm of AI architecture" will emerge, with abilities far surpassing current AI systems. He also predicted that the coming years could become the "decade of robotics," where advancements in AI and robotics will be combined to unlock a new generation of intelligent applications.
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Can winning over the Vision Pro be achieved through cost-effectiveness? Meta's Asia Vets glasses see a surge in demand in Q4, with a 200% year-on-year increase in associated app downloads.
Goldman Sachs stated that in the fourth quarter of 2024, the downloads of the 'Meta View' application surged by 200% year-on-year, mainly due to its more affordable price. In contrast, the Vision Pro has lost competitiveness due to its high price of $3,500.