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Today · 2026-08-01 · Sat

GOLDMAN SACHS: LOOK AT THE KINSAN OFFICE AI SMART-BODY PRODUCT, BUT THE STOCK PRICE WAS VALUED HIGH

During the Shanghai World Congress on Artificial Intelligence (WAIC) in 2026, the Kim Shan Office launched WPS Contact, positioning it as an AI smart body capable of carrying out complex tasks. Goldman Sachs expects that the application of AI ' s smart body on edges will become more widespread. The market will pay more attention to the return on investment of AI ' s smarts to judge whether they can achieve long-term penetration. Goldman Sachs considered the Kim Shan office to be overvalued and downgraded its rating from “neutral” to “sale”. The reasons for this are: (1) the increase in WPS AI fees and user adoption rates will still take time; (2) the peer-initiated AI primary products will be more competitively priced,3 and there is still a lack of clear AI usage cases by end-users to prove their positive return on investment; and (4) the weak expenditure by small business clients and the reduced contribution of subscription revenue. This means that Goldman Sachs ' previous assumptions about enterprise and consumer subscriptions may be too radical. The target price has been revised downwards from the previous RMB 326 to RMB 201, up to a further 31 times the updated RMB 2027E P/E, which is less than 45 times the previously anticipated price. However, if the new functionality of the Kimshan office drives higher-than-anticipated rates of personal user fees, if the WPS 365 penetration of business clients is faster than anticipated, or if the user's consumption or use of WPS AI is significantly higher than the current assumption, then the target price of Kim Shan is expected to rise. Kim Xian

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Google Foresight: Modelling capacity is again the focus of attention

On 22 July, Alphabet, the Google parent company, will publish the second quarter of the financial paper after the United States share on Wednesday. The market expects a further increase in Google second quarter revenue to $116.8 billion, or 21.1 per cent over the same period. Google just released three Gemini models on Tuesday, but Gemini 3.5 Pro was allegedly delayed for months. HSBC analysts indicated that they would be concerned about whether Google clients wished to control their AI expenditure by using lower-cost models and how the company viewed the impact of higher hardware prices on its spending plans。

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World Labs buys robot simulations under Li Fei Fei

On 22 July, recently, the World Labs, founded by Sister Li Fei, announced the acquisition of SceniX. SceniX is a start-up company focused on robotics. By creating a real virtual environment of high security, the company allows robots to complete their operations, mobility and interactive training. The company ' s core product is a high-presence hybrid simulation platform that focuses on multi-modular sensor integration, high-precision exposure modelling and whole-body control landscape adaptation。

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Trump did not use the law to tax Canada in '96, and experts say legal challenges are more difficult

Trump is imposing new tariffs on Canadian exports under a legal provision that has not been introduced since 1930. The new tariffs are based on section 338 of the United States Customs Act 1930 and are directed at “the imposition of discriminatory measures by foreign countries”, i.e. any action by trading partners that would disadvantage “United States business”. Simon Lester, a researcher at the University of United States of America, stated that Trump's administrative bulletin had clearly found that there was a basis for such conduct in Canada and that “it would be quite difficult to challenge successfully in United States courts”. According to the Administrative Bulletin, Canada has disadvantaged the United States mainly through three measures: Imports and sales of United States wine products are prohibited in eight Canadian provinces; United States dairy products are restricted to the Canadian market; and some United States cars are restricted to Canada. According to the administrative bulletin, the new tariff will enter into force on 19 August. But Nicolas Lamm, Associate Professor of International Law at Queen's University of Canada, believes that these tariffs are more a negotiating tactic aimed at weakening Canada's bargaining chip. Kim Xian

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OKX CONTINUOUSLY UPGRADES THE ASSET PROTECTION SYSTEM, UP-LINE LARGE-VALUE CURRENCY PROTECTION AND NIGHT CURRENCY PROTECTION

According to official sources, OKX is now on the line for large-value and night-time currency protection. Of these, a 24-hour cross-channel gold threshold of up to US$ 10 million is accumulated in large-value currency protection to support user autonomy; and a 12-hour daily protection time period is set by KYC users for night-time currency protection, during which the intra-chain currency, C2C sales, API currency and Pay value are intercepted. The user can be configured in the Security Center - Advanced Security Settings。

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Japanese crude oil import prices in Japanese yen were record three months in a row

On 22 July, data released on Wednesday by the Ministry of Finance of Japan showed that Japan ' s crude oil import prices in June had reached record high prices in Japanese yen, as a result of supply disruptions and energy price increases due to the closure of the Strait of Hormuz, and had been updated for the third consecutive month. Import prices after customs clearance increased by 84.7 per cent over the same period last year, to Yen 117,684 per 1,000 litres (approximately US$ 722), reaching their highest level since 1979 when comparable records were made, more than Yen 114,076 per 1,000 litres in May. In United States dollars, the price was $117.16 per barrel, the ninth highest ever. The weakening of the yen and rising insurance and transport costs have also contributed to price increases。

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SUPER-MICROCOMPUTERS HAVE INCREASED BY 14 PER CENT, AND Q4 MAORI RATES HAVE DOUBLED BY OVER $60 BILLION

ON 22 JULY, THE AL SERVER MANUFACTURER ' S NANOCOMPUTER (SMCI.US) HAD A SIGNIFICANT INCREASE OF 14 PER CENT, REPORTING $29.17. ACCORDING TO THE NEWS, THE INITIAL PERFORMANCE OF THE FOURTH FINANCIAL SEASON AS AT 30 JUNE WAS RELEASED BY THE NANOCOMPUTERS, WITH THE COMPANY GAAP AND NON-GAAP MĀORI RATES EXPECTED TO RANGE BETWEEN 15 AND 17 PER CENT, ALMOST TWICE AS HIGH AS THE PREVIOUSLY DIRECTED RANGE OF 8.2 TO 8.4 PER CENT. MANAGEMENT ATTRIBUTED THIS EXCESS PERFORMANCE TO A FAVOURABLE CLIENT STRUCTURE AND PRODUCT MIX. AT THE SAME TIME, THE TOTAL VALUE OF NEW COMPANY ORDERS DURING THE SEASON WAS OVER $60 BILLION, A RECORD HIGH。

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