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The Gate event market has a cumulative trading volume of approximately 909 million USD, ranking second among the channels connected to Polymarket

According to the latest data from Polymarket Builders, the Gate event market has a cumulative trading volume of approximately $909 million, ranking second among all access channels on Polymarket and consistently remaining at the forefront of major trading entrances.The Gate event market has launched a quarterly earnings prediction challenge, setting a total reward of 90,000 USDT around the earnings events of popular companies such as Microsoft, Apple, and Amazon. Activities include new trader transactions, inviting friends, and profit rankings, with the top of the leaderboard eligible for a reward of up to 5,000 USDT.Gate is the first to layout the event market, creating a one-stop trading experience for global hot events. Users can participate in trading directly through the Gate App, placing orders using USDT from their spot accounts without the need for on-chain operations. The platform has launched the Combo prediction feature and introduced a macro market topic page related to the U.S. midterm elections, focusing on displaying market probabilities and trading data for key macro topics such as Federal Reserve interest rate decisions, inflation, employment, and economic growth. At the same time, it continues to improve features such as intelligent monitoring, AI analysis, profit and loss analysis, and quick trading, enriching the trading scenarios and information service capabilities of the event market.

Bloomberg BI: By 2030, China will lead the world in 8 key areas including AI large models

Bloomberg Intelligence released a report on October 28, stating that by 2030, China will be globally leading in 8 out of 17 key industries, including large language models (LLM), which are core to artificial intelligence. The report, led by Francis Chan, assesses that the U.S. and China are moving towards "AI joint leadership," with neither side likely to achieve a comprehensive advantage.The report lists the 8 areas where China is expected to lead: LLM, optical communication transceiver modules, humanoid robots, general commercial vessels, autonomous and connected vehicles, energy storage, green hydrogen, and biopharmaceutical CDMO. On the hardware side, China currently lags in chip design, foundry, memory, and device materials, but the report predicts that by 2030, it will be globally competitive, although complete self-sufficiency remains challenging. The report also notes that the U.S. may maintain a slight edge in model development, while China holds a favorable position in software optimization and low-cost AI implementation.The report also highlights risks: Chinese AI companies face intense price competition, and profitability will need to wait until pricing strategies become more rational. Additionally, trade barriers and export restrictions are more likely to alter the geographical landscape of China's industrial expansion rather than halt it.
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