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As AI continues to improve its coding capabilities, the structure of software development teams is facing significant changes, with the prospects for junior developers and Quality Assurance (QA) positions becoming precarious. An increasing number of Chief Information Officers (CIOs) and heads of development teams are indicating that with the widespread adoption of AI assistants, they will reassess the composition of their teams, which will mainly rely on AI experts and senior developers to oversee AI-generated code.

The Kuaishou AI team has launched a membership service called 'KeLing AI', which provides a large model for video generation, supporting users to create videos up to 1080p resolution and 2 minutes in length, with customizable aspect ratios. This service offers two subscription options: continuous monthly and quarterly, with first purchase prices of 19 yuan and 99 yuan, which are approximately 30% and 50% of the original price respectively. The subsequent renewal prices are 58 yuan and 152 yuan, equating to 12% and 23% off the original prices, and users can cancel at any time. On July 6, the 'KeLing AI' web version officially launched, providing limited-time free services and integrating text generation functionality.

Generation Z in Singapore exhibits remarkable awareness and optimism towards generative artificial intelligence, with 84% of respondents familiar with the technology and 80% optimistic about its potential in the banking industry. Over 60% of Gen Z consumers show strong interest in the diversity of AI applications in banking services, particularly in fraud detection and answering inquiries about banking products. Nearly 70% of consumers hope to use AI for retirement planning, bill payment updates, and expense tracking analysis. Gen Z's interest in AI personal shopping assistants is especially notable, with 43% having already experienced AI in online shopping.

In the era of large models, vector databases have become an indispensable partner. Through vector databases, large models gain long-term memory capabilities, addressing issues of hallucination and data update delays. Vector databases not only enhance data security but also provide large models with massive, real-time data support. The rapid development of Tencent Cloud's vector database showcases the momentum of large models and data technology together driving the application of artificial intelligence.

Chinese Go champion Ke Jie made his debut on Douyin, challenging artificial intelligence and ultimately achieving victory in 'Clash of the Golden Shovel.' Ke Jie humorously compared Go to 'Clash of the Golden Shovel,' sparking interaction among netizens. The livestream garnered 3 million likes, with peak online viewers exceeding 50,000, ranking 3rd in the Douyin gaming livestream charts. The development of artificial intelligence technology has made 'Ke Jie vs AI' a hot topic of entertainment. Ke Jie stated that by competing against machines, human players can learn more and improve their skills.

As sales surge during the holiday shopping season, Visa faces an increase in cybercrime attacks and employs artificial intelligence tools to prevent fraud. With an investment of over $3 billion, Visa has built a robust anti-fraud system that analyzes transactions in real-time and assesses 500 unique risk factors. Despite using AI to combat crime, Visa emphasizes the crucial role of human intelligence in collaboration, working with merchants and other entities to address potential fraud.

Visa has announced the launch of a $100 million generative AI venture capital program to support emerging companies developing generative AI technologies that will transform the future of business and payment systems. The program is overseen by Visa Ventures and focuses on investing in startups within the generative AI technology sector, providing significant support for the industry's future development. Visa's involvement signifies the tremendous growth opportunities for generative AI technologies, which are expected to revolutionize multiple industries and bring unprecedented innovation and change. Visa has always been committed to leading payment innovation through generative.

Baidu's Wenxin series of large models empowers various AI native applications, heralding the era of AI accessibility. Wenxin Yiyan accelerates digital transformation in industries, helping enterprises seize AI opportunities. Baidu has launched multiple initiatives based on Wenxin Yiyan to support developers in creating AI native applications. Baidu is the first to fully integrate large models in internal applications to enhance user experience. Li Yanhong has stated that the application of large models is the greatest business opportunity and calls for industry collaboration to achieve win-win outcomes.

E-commerce, retail, and mass merchants are increasingly relying on artificial intelligence to combat payment fraud. Visa's semi-annual threat report reveals this trend, highlighting a surge in ransomware attacks, with recent attacks increasing by 91%. Fraud investigations are mainly focused on online merchants. Visa's investments in artificial intelligence have successfully reduced payment fraud. Visa's 24/7 Risk Operations Center has prevented nearly 53 million fraudulent transactions worth $32 billion.

OpenAI CEO Sam Altman has become the first recipient of Indonesia's golden visa for AI investors. The new visa allows holders to stay for up to 10 years while enjoying various benefits. Altman's visit signals an increase in investments in the field of artificial intelligence, which is expected to boost the development of the Indonesian and Southeast Asian markets.