AGP Executive Report
Last update: 10 hours agoAI Spending Watch: Jefferies’ Chris Wood says Big Tech’s AI capex binge may be burning billions as markets punish free-cash-flow deterioration, with Alphabet and Meta cited as examples. EV Market Signals: XPeng reported 38,027 deliveries in July (+4% YoY) and 1.2M cumulative units, while NIO logged 35,934 deliveries (+71% YoY) and Li Auto delivered 30,468 (+? in release) with OTA upgrades and store/network expansion. Hong Kong Mobility Tech: Hong Kong airport driverless trials moved closer to real-world use after rules were relaxed to allow testing without backup human drivers, with remote monitoring still in place. Cyber & Security: Hong Kong’s HKUST and HKMA teamed up to build a post-quantum cryptography toolkit, as the HKMA warns banks’ quantum readiness remains low. Robotics Regulation: The FCC expanded its national-security crackdown on foreign-produced robotic vacuums, flagging networked devices as potential attack vectors. Local Science & Conservation: HKU research found Hong Kong’s introduced yellow-crested cockatoos hold unexpectedly high genetic diversity, potentially acting as a backup population. Crypto Security: BDIC Insurance partnered with Fireblocks to integrate custody, payments and tokenization into underwriting and risk workflows. Education & Research: UM in Macao launched new science/tech faculties and AI-focused research institutes, aiming to strengthen Greater Bay Area talent pipelines.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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