+Follow
AT69
No personal profile
9
Follow
2
Followers
0
Topic
0
Badge
Posts
Hot
AT69
01-15
$Meta Platforms, Inc.(META)$
Maybe meta will slip to 500
AT69
02-04
$Microsoft(MSFT)$
Those who short the stock are scrambling to cover their positions
AT69
2025-05-15
$Alibaba(BABA)$
Missed estimates by only 0.3% and selldown by 8%. Atrocious!!!
AT69
06-02
$Meta Platforms, Inc.(META)$
zuckerberg better buck up..else they may drop out from Mag 7 soon..
AT69
2025-05-15
$Alibaba(BABA)$
Earnings miss estimates?
AT69
2025-05-13
$Alibaba(BABA)$
Baba price movement appear sluggish..hope it is not due to upcoming poor earnings results
AT69
2025-05-29
$Alibaba(BABA)$
Now it is trading below Hk mkt..short selling to weed out weak buyers?
AT69
2025-05-04
$Alibaba(BABA)$
baba delisting again ?
AT69
2025-05-29
$Alibaba(BABA)$
Now it is trading below HK mkt price. Short selling at work to weed out weak buyers?
AT69
06-14
Pls do some soul searching and dont squander your fortunes away
Following Amazon, Meta Imposes Limits on AI Usage. As Tech Giants Reel from Token Costs, Should AI Model Leaders Focus on Profit Margins?
Go to Tiger App to see more news
{"i18n":{"language":"en_US"},"userPageInfo":{"id":"4135831911794872","uuid":"4135831911794872","gmtCreate":1672728817072,"gmtModify":1672730381010,"name":"AT69","pinyin":"at69","introduction":"","introductionEn":"","signature":"","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":2,"headSize":9,"tweetSize":37,"questionSize":0,"limitLevel":999,"accountStatus":1,"level":{"id":0,"name":"","nameTw":"","represent":"","factor":"","iconColor":"","bgColor":""},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"b60f9be89c9045918894eb45497e414c-1","templateUuid":"b60f9be89c9045918894eb45497e414c","name":"2026 Gold Brick x1","description":"Achieved over USD 100,000 in investment returns in 2026","bigImgUrl":"https://community-static.tradeup.com/news/76100fa5c91127ec3dc8738f742ec8b5","smallImgUrl":"https://community-static.tradeup.com/news/b2ed0473fa586db416aeaa45fccbea6a","grayImgUrl":null,"redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2026.05.19","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":6001,"isScarce":1,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":{"bgColor":{"dark":"#2f2a1f","tint":"#fcf6e5"},"fontColor":{"dark":"#dea95e","tint":"#885600"}},"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"ab9f2a66a95942a38ebf4a8f8e47a915-1","templateUuid":"ab9f2a66a95942a38ebf4a8f8e47a915","name":"Super Discloser","description":"Enable Super Disclosure in TradeFeed","bigImgUrl":"https://community-static.tradeup.com/news/802f4014829adb4e63332fc230b97e42","smallImgUrl":"https://community-static.tradeup.com/news/70e97d213ed3e4f4820224f1366d402f","grayImgUrl":null,"redirectLinkEnabled":1,"redirectLinkType":1,"redirectLink":"https://www.itigerup.com/activity/forapp/star-investor","redirectLinkValidityFrom":1776816000000,"redirectLinkValidityTo":2156198400000,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2026.04.23","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1104,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.09.30","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.07.22","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.05.22","exceedPercentage":"93.52%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.02.14","exceedPercentage":"93.80%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.11.07","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectConfig":null,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0}],"userBadgeCount":7,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":13,"crmLevelSwitch":1,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"hot","tweets":[{"id":575124525166832,"gmtCreate":1781419602641,"gmtModify":1781427246937,"author":{"id":"4135831911794872","authorId":"4135831911794872","name":"AT69","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":13,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4135831911794872","idStr":"4135831911794872"},"themes":[],"title":"","htmlText":"Pls do some soul searching and dont squander your fortunes away","listText":"Pls do some soul searching and dont squander your fortunes away","text":"Pls do some soul searching and dont squander your fortunes away","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/575124525166832","repostId":"1140497679","repostType":2,"repost":{"id":"1140497679","kind":"news","weMediaInfo":{"introduction":"Global Stock Market Deep Analysis","home_visible":1,"media_name":"Deep News","id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"pubTimestamp":1781351372,"share":"https://ttm.financial/m/news/1140497679?lang=en_US&edition=fundamental","pubTime":"2026-06-13 19:49","market":"hk","language":"en","title":"Following Amazon, Meta Imposes Limits on AI Usage. As Tech Giants Reel from Token Costs, Should AI Model Leaders Focus on Profit Margins?","url":"https://stock-news.laohu8.com/highlight/detail?id=1140497679","media":"Deep News","summary":"After Amazon.com (AMZN), Meta Platforms, Inc. (META) is also restricting AI usage, highlighting a critical and often overlooked industry conflict: the very logic of AI commercialization is being...","content":"<p>After <b>Amazon.com</b> (<b>AMZN</b>), <b>Meta Platforms, Inc.</b> (<b>META</b>) is also restricting AI usage, highlighting a critical and often overlooked industry conflict: the very logic of AI commercialization is being challenged by the soaring costs it generates.<br><br>\nAccording to reports, Meta sent an internal memo to approximately 6,000 employees this week, announcing it will set caps on employee token usage and build a real-time tracking platform to curb the exponential growth of internal AI costs.<br><br>\nThe memo stated that Meta's internal AI usage alone is projected to cost tens of billions of dollars by 2026. This move comes after Meta previously encouraged employees to integrate AI tools into their daily workflows, a strategy it is now forced to abruptly reverse.<br><br>\nConcurrently, reports indicate OpenAI is considering significant token price cuts to attract enterprise clients. Meanwhile, the Silicon Data LLM Token Spending Index, which reflects market willingness to pay for AI, has fallen for seven consecutive trading days—its longest losing streak since January this year.<br><br>\nThese combined signals have rapidly heightened market skepticism about the sustainability of AI commercialization. For investors, the core question is no longer whether AI demand exists, but rather: when tech giants themselves start scrutinizing their token bills, how much profit margin remains for the large AI model providers?<br><br>\n<b>The Uncontrolled Token Bill: Meta's Internal \"Spending Spree\"</b><br><br>\nThe direct catalyst for Meta tightening AI usage was a frenzy of token consumption fueled by internal incentives.<br><br>\nLast November, Meta explicitly told employees that demonstrating \"AI-driven work results\" would be a \"core performance requirement\" this year, with top performers receiving rewards. This directive led to an unintended consequence this spring: some employees engaged in a competition dubbed \"tokenmaxxing,\" vying for spots on an internal leaderboard called \"Claudeonomics,\" which ranked the top 250 employees by token usage.<br><br>\nInternal data shows employees consumed 60.2 trillion tokens in a 30-day period, with the figure later climbing to 73.7 trillion, leading to the leaderboard being taken down. Some employees reportedly instructed AI agents to run multiple tasks simultaneously to artificially inflate token consumption.<br><br>\nMeta's Chief Technology Officer Andrew Bosworth warned in an April memo that \"nobody should be using AI just to use AI,\" stressing that \"Token usage is not a measure of impact in any sense.\" However, mere warnings proved insufficient to halt the rising costs.<br><br>\n<b>Systematic Response: The AI Gateway and Internal Tool Substitution</b><br><br>\nFaced with runaway spending, Meta is implementing a systematic cost-control mechanism.<br><br>\nAccording to the internal memo, Meta has built a central dashboard called \"AI Gateway\" for real-time monitoring of company-wide AI usage and expenditure, with plans to add automated alerts for abnormal consumption spikes. The company intends to roll out these control tools to a broader employee base in the coming weeks and establish a more structured token budget allocation system by 2027.<br><br>\nSimultaneously, Meta is pushing employees to shift from third-party AI tools to in-house solutions. Its new Applied AI Engineering department is tasking engineers with improving the internal coding assistant MetaCode (formerly Devmate), aiming to reduce reliance on Anthropic's Claude, which is currently the primary tool for Meta's engineers in coding work.<br><br>\nIt's noted that Meta is not completely blocking access to third-party models; employees can still use tools from OpenAI, Anthropic, and Google, but internal tools will be explicitly prioritized.<br><br>\n<b>Industry Echo: Major Tech Firms Hitting the Brakes</b><br><br>\nMeta is not alone. Token bill pressures are resonating across the tech industry.<br><br>\nReports indicate Amazon recently shut down an internal AI leaderboard because employees were performing unnecessary operations to \"boost scores,\" causing a sharp rise in compute costs. Amazon has also begun using a metric called \"standardized deployment\" to evaluate whether engineers regularly use AI to generate useful code, rather than simply measuring token consumption.<br><br>\nFurthermore, reports suggest Uber and ServiceNow exhausted their annual budgets for Anthropic tools early in 2026. ServiceNow is also monitoring daily employee usage to track and compress costs. Venture capital firms are setting AI usage caps for employees due to daily token fees often reaching thousands of dollars.<br><br>\nAgainst this backdrop, rumors of OpenAI's price cuts carry deeper significance.<br><br>\nReports state OpenAI is considering significant reductions in token fees charged to users, partly to get ahead of potential similar moves by Anthropic.<br><br>\nOpenAI's CEO Sam Altman recently acknowledged that AI usage costs are \"a huge problem\" and stated the company would \"help people get more value for less money.\"<br><br>\nThe timing of this statement is notable—OpenAI has confidentially filed for an IPO this week, and Anthropic is also on a countdown to its public listing. While price cuts can help win enterprise clients, they directly erode profit margins for both companies, which are currently losing billions due to the massive compute power required for their AI systems.<br><br>\n<b>Token Index Decline: What is the Market Repricing?</b><br><br>\nCapital markets are already feeling the chill.<br><br>\nThe Silicon Data LLM Token Spending Index has fallen for seven consecutive trading days as of June 11, marking its longest losing streak since January, with declines recorded in 11 of the past 12 days.<br><br>\nThis index measures the average payment level per million tokens used across the market. It more than doubled since December last year and continued climbing until May 2026 before sharply reversing course.<br><br>\nA macro strategist described this chart as \"the single most important chart in the entire market right now,\" warning that if token pricing continues to weaken, the trading logic for related investments from memory to broader hardware and data centers in this cycle could face an end.<br><br>\nWall Street interpretations vary. JPMorgan characterizes the current trend as a \"minimal speed bump,\" while Citadel points out that the core constraint for AI adoption has shifted from \"the most capable model\" to \"cost and scarcity,\" with users accelerating their migration to cheaper models.<br><br>\nBehind this divergence lies a more fundamental valuation question: Is the decline in token consumption a signal of peak AI demand, or the result of users rationally choosing lower-cost models? The answer will directly impact capital expenditure expectations and valuation logic for companies like Nvidia, cloud providers, and the entire AI hardware supply chain.<br><br>\n<b>A Turning Point for the Commercial Narrative</b><br><br>\nFrom a broader perspective, Meta's move to restrict AI usage reflects a deeper shift in the generative AI commercialization narrative.<br><br>\nOver the past three years, the AI industry has undergone a three-stage evolution: from subsidizing users to gain adoption, to monthly subscriptions hiding costs, to per-token billing triggering an enterprise bill crisis. Now, as the growth narrative of \"more token consumption is better\" reaches its limit, the industry faces not just a pricing decision, but a more fundamental challenge of business model reconstruction.<br><br>\nMeta is investing a massive annual capital expenditure, partly to expand AI infrastructure including data centers, AI chips, and talent recruitment. Simultaneously, the company faces pressure from investors to generate visible returns from its enormous AI investments—Meta has already launched paid subscription tiers in Facebook, Instagram, and WhatsApp and plans to charge businesses using its AI business agents.<br><br>\nHowever, if even Meta's internal AI usage costs have become unsustainable, the profitability prospects of its enterprise AI agent business also face scrutiny. For the entire industry, how to tell the next chapter of the commercialization story remains an unanswered question.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Following Amazon, Meta Imposes Limits on AI Usage. As Tech Giants Reel from Token Costs, Should AI Model Leaders Focus on Profit Margins?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFollowing Amazon, Meta Imposes Limits on AI Usage. As Tech Giants Reel from Token Costs, Should AI Model Leaders Focus on Profit Margins?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-06-13 19:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>After <b>Amazon.com</b> (<b>AMZN</b>), <b>Meta Platforms, Inc.</b> (<b>META</b>) is also restricting AI usage, highlighting a critical and often overlooked industry conflict: the very logic of AI commercialization is being challenged by the soaring costs it generates.<br><br>\nAccording to reports, Meta sent an internal memo to approximately 6,000 employees this week, announcing it will set caps on employee token usage and build a real-time tracking platform to curb the exponential growth of internal AI costs.<br><br>\nThe memo stated that Meta's internal AI usage alone is projected to cost tens of billions of dollars by 2026. This move comes after Meta previously encouraged employees to integrate AI tools into their daily workflows, a strategy it is now forced to abruptly reverse.<br><br>\nConcurrently, reports indicate OpenAI is considering significant token price cuts to attract enterprise clients. Meanwhile, the Silicon Data LLM Token Spending Index, which reflects market willingness to pay for AI, has fallen for seven consecutive trading days—its longest losing streak since January this year.<br><br>\nThese combined signals have rapidly heightened market skepticism about the sustainability of AI commercialization. For investors, the core question is no longer whether AI demand exists, but rather: when tech giants themselves start scrutinizing their token bills, how much profit margin remains for the large AI model providers?<br><br>\n<b>The Uncontrolled Token Bill: Meta's Internal \"Spending Spree\"</b><br><br>\nThe direct catalyst for Meta tightening AI usage was a frenzy of token consumption fueled by internal incentives.<br><br>\nLast November, Meta explicitly told employees that demonstrating \"AI-driven work results\" would be a \"core performance requirement\" this year, with top performers receiving rewards. This directive led to an unintended consequence this spring: some employees engaged in a competition dubbed \"tokenmaxxing,\" vying for spots on an internal leaderboard called \"Claudeonomics,\" which ranked the top 250 employees by token usage.<br><br>\nInternal data shows employees consumed 60.2 trillion tokens in a 30-day period, with the figure later climbing to 73.7 trillion, leading to the leaderboard being taken down. Some employees reportedly instructed AI agents to run multiple tasks simultaneously to artificially inflate token consumption.<br><br>\nMeta's Chief Technology Officer Andrew Bosworth warned in an April memo that \"nobody should be using AI just to use AI,\" stressing that \"Token usage is not a measure of impact in any sense.\" However, mere warnings proved insufficient to halt the rising costs.<br><br>\n<b>Systematic Response: The AI Gateway and Internal Tool Substitution</b><br><br>\nFaced with runaway spending, Meta is implementing a systematic cost-control mechanism.<br><br>\nAccording to the internal memo, Meta has built a central dashboard called \"AI Gateway\" for real-time monitoring of company-wide AI usage and expenditure, with plans to add automated alerts for abnormal consumption spikes. The company intends to roll out these control tools to a broader employee base in the coming weeks and establish a more structured token budget allocation system by 2027.<br><br>\nSimultaneously, Meta is pushing employees to shift from third-party AI tools to in-house solutions. Its new Applied AI Engineering department is tasking engineers with improving the internal coding assistant MetaCode (formerly Devmate), aiming to reduce reliance on Anthropic's Claude, which is currently the primary tool for Meta's engineers in coding work.<br><br>\nIt's noted that Meta is not completely blocking access to third-party models; employees can still use tools from OpenAI, Anthropic, and Google, but internal tools will be explicitly prioritized.<br><br>\n<b>Industry Echo: Major Tech Firms Hitting the Brakes</b><br><br>\nMeta is not alone. Token bill pressures are resonating across the tech industry.<br><br>\nReports indicate Amazon recently shut down an internal AI leaderboard because employees were performing unnecessary operations to \"boost scores,\" causing a sharp rise in compute costs. Amazon has also begun using a metric called \"standardized deployment\" to evaluate whether engineers regularly use AI to generate useful code, rather than simply measuring token consumption.<br><br>\nFurthermore, reports suggest Uber and ServiceNow exhausted their annual budgets for Anthropic tools early in 2026. ServiceNow is also monitoring daily employee usage to track and compress costs. Venture capital firms are setting AI usage caps for employees due to daily token fees often reaching thousands of dollars.<br><br>\nAgainst this backdrop, rumors of OpenAI's price cuts carry deeper significance.<br><br>\nReports state OpenAI is considering significant reductions in token fees charged to users, partly to get ahead of potential similar moves by Anthropic.<br><br>\nOpenAI's CEO Sam Altman recently acknowledged that AI usage costs are \"a huge problem\" and stated the company would \"help people get more value for less money.\"<br><br>\nThe timing of this statement is notable—OpenAI has confidentially filed for an IPO this week, and Anthropic is also on a countdown to its public listing. While price cuts can help win enterprise clients, they directly erode profit margins for both companies, which are currently losing billions due to the massive compute power required for their AI systems.<br><br>\n<b>Token Index Decline: What is the Market Repricing?</b><br><br>\nCapital markets are already feeling the chill.<br><br>\nThe Silicon Data LLM Token Spending Index has fallen for seven consecutive trading days as of June 11, marking its longest losing streak since January, with declines recorded in 11 of the past 12 days.<br><br>\nThis index measures the average payment level per million tokens used across the market. It more than doubled since December last year and continued climbing until May 2026 before sharply reversing course.<br><br>\nA macro strategist described this chart as \"the single most important chart in the entire market right now,\" warning that if token pricing continues to weaken, the trading logic for related investments from memory to broader hardware and data centers in this cycle could face an end.<br><br>\nWall Street interpretations vary. JPMorgan characterizes the current trend as a \"minimal speed bump,\" while Citadel points out that the core constraint for AI adoption has shifted from \"the most capable model\" to \"cost and scarcity,\" with users accelerating their migration to cheaper models.<br><br>\nBehind this divergence lies a more fundamental valuation question: Is the decline in token consumption a signal of peak AI demand, or the result of users rationally choosing lower-cost models? The answer will directly impact capital expenditure expectations and valuation logic for companies like Nvidia, cloud providers, and the entire AI hardware supply chain.<br><br>\n<b>A Turning Point for the Commercial Narrative</b><br><br>\nFrom a broader perspective, Meta's move to restrict AI usage reflects a deeper shift in the generative AI commercialization narrative.<br><br>\nOver the past three years, the AI industry has undergone a three-stage evolution: from subsidizing users to gain adoption, to monthly subscriptions hiding costs, to per-token billing triggering an enterprise bill crisis. Now, as the growth narrative of \"more token consumption is better\" reaches its limit, the industry faces not just a pricing decision, but a more fundamental challenge of business model reconstruction.<br><br>\nMeta is investing a massive annual capital expenditure, partly to expand AI infrastructure including data centers, AI chips, and talent recruitment. Simultaneously, the company faces pressure from investors to generate visible returns from its enormous AI investments—Meta has already launched paid subscription tiers in Facebook, Instagram, and WhatsApp and plans to charge businesses using its AI business agents.<br><br>\nHowever, if even Meta's internal AI usage costs have become unsustainable, the profitability prospects of its enterprise AI agent business also face scrutiny. For the entire industry, how to tell the next chapter of the commercialization story remains an unanswered question.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0080751232.USD":"富达环球多元动力基金A","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0070217475.USD":"JPM GLOBAL SELECT EQUITY \"A\" ACC","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU2404859741.USD":"FUNDSMITH EQUITY FUND \"R\" (USD) INC","BK4561":"索罗斯持仓","LU0957808578.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"ZU\" (USD) ACC","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU2404859667.USD":"FUNDSMITH EQUITY FUND \"R\" (USD) ACC","LU0690374961.EUR":"FUNDSMITH EQUITY \"R\" (EUR) INC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0345769631.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) INC","LU0690374615.EUR":"FUNDSMITH EQUITY \"R\" (EUR) ACC","SG9999001077.SGD":"United International Growth Fund SGD","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","LU0345770993.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) INC","LU1868837300.USD":"CT (LUX) I AMERICAN FUND \"9\" (USD) ACC","HK0000304797.USD":"PICTET 战略收益基金 P类 美元","LU2087625088.SGD":"ALLSPRING US ALL CAP GROWTH \"A\" (SGDHDG) ACC","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","LU0061474960.USD":"天利环球焦点基金AU Acc","HK0000304805.HKD":"PICTET 战略收益基金 P类港元","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU1868836914.USD":"CT (LUX) I AMERICAN \"3\" (USD) ACC","LU1868837136.USD":"CT (LUX) I AMERICAN \"8\" (USD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","LU0552385451.USD":"摩根士丹利投资基金-环球机会基金 C","LU1868836591.USD":"CT (LUX) I AMERICAN \"1U\"(USD) ACC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU1868836757.USD":"CT (LUX) I AMERICAN FUND \"2\" (USD) ACC","LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","LU2347655156.SGD":"JPMorgan Investment Funds - Global Income A (icdiv) SGD-H","LU1815333072.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"AUP\" (USD) INC","IE000SO60NU8.SGD":"RQI GLOBAL \"I\" (SGDHDG) ACC A","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","BK4543":"AI","IE000WAW04H5.SGD":"RQI GLOBAL \"I\" (SGD) INC A","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","LU0345768740.USD":"NINETY ONE GSF GLOBAL STRATEGIC MANAGED \"A\" (USD) INC","LU0053666078.USD":"摩根大通基金-美国股票A(离岸)美元","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","LU0082616367.USD":"摩根大通美国科技A(dist)","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","LU1489326972.SGD":"First Eagle Amundi International AHS-MD SGD-H","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","LU1035775433.USD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (USD) INC","SG9999017495.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"B\" (SGD) ACC","LU0949170772.SGD":"Blackrock Global Equity Income A6 SGD-H","LU2272731782.SGD":"Allianz Global Intelligent Cities AM Dis H2-SGD","LU2272731600.USD":"Allianz Global Intelligent Cities AM Dis USD","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","SG9999002232.USD":"Allianz Global High Payout USD","LU1003077747.HKD":"BGF GLOBAL EQUITY INCOME \"A6\" (HKDHDG) INC","BK4592":"伊斯兰概念","SG9999002224.SGD":"Allianz Global High Payout SGD","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU2083900584.USD":"HSBC GIF US INCOME FOCUSED \"AM2\" (USD) INC","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU2242649171.HKD":"FIDELITY FUNDS GLOBAL THEMATIC OPPORTUNITIES \"A\" (HKD) ACC","LU2360032135.SGD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (SGDHDG) INC","LU0079474960.USD":"联博美国增长基金A","LU0738911758.USD":"Blackrock Global Equity Income A6 USD","IE00B3SWFQ91.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) INC","BK4548":"巴美列捷福持仓","LU1934455863.HKD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"A\" (HKD) ACC","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU0949170426.SGD":"Blackrock Global Multi-Asset Income A6 SGD-H","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU0345774391.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) ACC","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU1880398471.USD":"AMUNDI FUNDS GLOBAL EQUITY \"A2\" (USD) ACC","LU1046421795.USD":"富达环球科技A-ACC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","BK4554":"元宇宙及AR概念","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","LU0784384876.USD":"Blackrock Global Multi-Asset Income A6 USD","IE00B775H168.HKD":"JANUS HENDERSON BALANCED \"A5M\" (HKD) INC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU2125154935.USD":"ALLSPRING (LUX) WF GLOBAL EQUITY ENHANCED INCOME \"I\" (USD) INC","LU1670628061.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) INC","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","BK4585":"ETF&股票定投概念","IE00BN29S564.USD":"JANUS HENDERSON BALANCED \"A3\" (USD) INC","LU2211817866.USD":"Allianz Food Security AT Acc USD","LU1670710588.SGD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (SGD) ACC","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","LU1670710661.SGD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (SGD) INC","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","BK4587":"ChatGPT概念","BK4581":"高盛持仓","LU0528227936.USD":"富达环球人口趋势基金A-ACC","LU2065170008.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) INC","LU0238689110.USD":"贝莱德环球动力股票基金","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0345774631.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) INC","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU2028103732.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AMG\" (USD) INC","BK4596":"哈里斯概念","BK4559":"巴菲特持仓","LU1267930730.SGD":"富兰克林美国机遇基金AS Acc SGD (CPF)","LU2322448791.USD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMG\" (USD) INC","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","LU0342679015.USD":"ALLIANZ GLOBAL EQUITY UNCONSTRAINED \"AT\" (USD) ACC","LU0661504455.SGD":"Blackrock Global Equity Income A5 SGD-H","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","LU2637965513.SGD":"BGF GLOBAL ALLOCATION \"A10\" (SGDHDG) INC","BK4588":"碎股","LU2322448957.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMG\" (HKD) INC","BK4550":"红杉资本持仓","LU0072462426.USD":"贝莱德全球配置 A2","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","BK4579":"人工智能","LU2462591350.SGD":"T ROWE PRICE US LARGE CAP GROWTH EQUITY \"AN\" (SGDHDG) ACC","IE000ITXATA3.USD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (USD) ACC","LU0048584097.USD":"FIDELITY FUNDS GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) INC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","BK4551":"寇图资本持仓","BK4598":"佩洛西持仓","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU0138981039.USD":"FIDELITY FUNDS SUSTAINABLE MULTI ASSET INCOME \"A\" INC","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","IE0009G5SDU7.USD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (USD) INC","IE0001KFT4U8.USD":"FTGF CLEARBRIDGE GLOBAL GROWTH LEADERS \"A\" (USD) INC","LU0203347892.USD":"SCHRODER ISF QEP GLOBAL ACTIVE VALLUE \"A\" (USD) INC AV","LU0133085943.USD":"T ROWE PRICE US BLUE CHIP EQUITY \"A\" ACC","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU0985489474.SGD":"First Eagle Amundi International AHS-C SGD-H","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","LU0878866978.SGD":"First Eagle Amundi International AHS-QD SGD-H","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU0444973449.USD":"CT (LUX) I GLOBAL TECHNOLOGY \"DU\" (USD) ACC","LU0302445910.USD":"SCHRODER ISF GLOBAL CLIMATE CHANGE EQUITY \"A\" ACC","IE000YTNTUN2.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG)INC","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","FBL":"2倍做多META ETF-GraniteShares","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","SGXZ81514606.USD":"大华环球创新基金A Acc USD","LU0174119429.USD":"T ROWE PRICE US LARGE CAP GROWTH EQUITY \"A\" ACC","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","LU0433182093.SGD":"First Eagle Amundi International AS-C SGD","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","LU1564329115.USD":"Blackrock Dynamic High Income A6 USD","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU2420271590.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AT\" (USD) ACC","LU2065171311.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) ACC","LU2065171402.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) INC","LU0068578508.USD":"First Eagle Amundi International Cl AU-C USD","LU1564329461.SGD":"Blackrock Dynamic High Income A6 SGD-H","LU0708994859.HKD":"TEMPLETON GLOBAL \"A\" (HKD) ACC","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1 Acc SGD-H","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"AG\" (USD) ACC","LU0861579265.USD":"联博低波幅策略股票基金A","LU1935042215.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (USD) INC A","HK0000914686.HKD":"GFI Global Select Equity Fund Class A (HKD)","BK4220":"综合零售","BK4524":"宅经济概念","BK4604":"机器人概念","LU2720916845.USD":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (USD) ACC","FBY":"META期权收益策略ETF-YieldMax","IE00BYQQ9H92.USD":"BNY MELLON GLOBAL LEADERS \"A\" (USD) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4527":"明星科技股","FBYY":"GraniteShares YieldBOOST META ETF","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","LU0965509010.AUD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (AUDHDG) INC","LU0354030511.USD":"ALLSPRING U.S. LARGE CAP GROWTH \"I\" (USD) ACC","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","LU1732800096.USD":"摩根大通环球收益基金A (irc)","HK0000914660.USD":"GFI Global Select Equity Fund Class A (USD)","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU1084165304.USD":"FIDELITY WORLD \"A\" (USD) ACC","LU1670711123.USD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (USD) INC","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","LU2275660780.HKD":"SCHRODER ISF GLOBAL CLIMATE CHANGE EQUITY \"A\" (HKD) ACC","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","SG9999018865.SGD":"United Global Quality Growth Fd Cl Dist SGD-H","BK4612":"AI芯片","SGXZ99366536.SGD":"United Global Innovation A Acc SGD-H","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","LU2999663052.SGD":"T ROWE PRICE GLOBAL FOCUSED GROWTH EQUITY \"A4P\" (SGD) INC","LU0965509101.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","SGXZ51526630.SGD":"大华环球创新基金A Acc SGD","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU1935042488.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (USD) INC","LU1935042991.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (SGDHDG) INC","BK4532":"文艺复兴科技持仓","IE000MB6IJN5.SGD":"RQI GLOBAL \"I\" (SGD) ACC","LU2954938101.SGD":"T ROWE PRICE GLOBAL FOCUSED GROWTH EQUITY \"A8P\" (SGD) INC","LU0203202063.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"A2X\" (USD) ACC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4534":"瑞士信贷持仓","METD":"1倍做空META ETF-Direxion","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","LU0143551892.USD":"T ROWE PRICE GLOBAL FOCUSED GROWTH EQUITY \"A\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2462591277.SGD":"TRP GLOBAL FOCUSED GROWTH EQUITY \"AN\" (SGDHDG) ACC","LU0203201768.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"AX\" (USD) INC","LU1732799900.SGD":"JPMorgan Investment Funds - Global Income A (irc) SGD-H","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","METU":"2倍做多META ETF-Direxion","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0158827781.USD":" ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (USD) ACC","LU1917777945.USD":"安联专题基金Cl AT Acc","BK4535":"淡马锡持仓","LU1699723380.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"AP\" (USD) ACC","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) INC (M)","BK4538":"云计算","METW":"Roundhill META WeeklyPay™ ETF","LU0149725797.USD":"汇丰美国股市经济规模基金","HK0000532082.HKD":"ALLIANZ SELECTION INCOME AND GROWTH \"AM\" (HKD) INC","META":"Meta Platforms, Inc.","LU0882574139.USD":"富达环球消费行业基金A ACC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","SG9999015978.USD":"利安颠覆性创新基金A","IE00BQXX3F31.USD":"GUINNESS GLOBAL INNOVATORS \"C\" (USD) ACC","IE00BQXX3C00.GBP":"GUINNESS GLOBAL INNOVATORS \"C\" (GBP) ACC","LU0784385170.HKD":"BGF GLOBAL MULTI ASSET INCOME \"A6\" (HKDHGD) INC","IE00BQXX3D17.EUR":"GUINNESS GLOBAL INNOVATORS \"C\" (EUR) ACC","IE000BZT7R73.USD":"RQI GLOBAL \"I\" (USD) ACC","LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC","LU0784385840.USD":"Blackrock Global Multi-Asset Income A2 USD","LU1861127337.USD":"ALLIANZ GLOBAL MULTI ASSET SUSTAINABILITY BALANCED \"AMG\" (USD) INC","LU2063271972.USD":"富兰克林创新领域基金","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU1935043536.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (SGDHDG) INC A","LU2764262908.HKD":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (HKD) ACC","LU2347655073.USD":"JPM GLOBAL INCOME \"A\" (USDHDG) INC A","LU0345768153.USD":"NINETY ONE GSF GLOBAL STRATEGIC MANAGED \"A\" (USD) ACC","LU0784383803.USD":"BGF GLOBAL MULTI-ASSET INCOME FUND \"A\" (USD) INC A","LU1037948897.HKD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (HKD) INC","LU0265550359.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A2\" (USD) ACC","LU1815336760.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"AUP\" (USD) INC","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1037948541.HKD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (HKD) ACC","IE000F7OJYX1.SGD":"RQI GLOBAL \"I\" (SGDHDG) INC","SG9999000418.SGD":"Aberdeen Standard Global Technology SGD","IE0000B7K699.USD":"RQI GLOBAL \"I\" (USD) INC","LU1791710582.SGD":"Fidelity Global Demographics A-ACC-SGD (SGD/USD hedged)","LU1883839398.USD":"AMUNDI FUNDS INCOME OPPORTUNITIES \"A2\" (USD) ACC","LU1119994496.HKD":"FIDELITY WORLD \"A\" (HKD) ACC","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","LU0256863902.USD":"ALLIANZ US EQUITY \"AT\" (USD) ACC","LU1791710400.SGD":"Fidelity Global Demographics A-ACC-SGD","BK4507":"流媒体概念","GB00B4QBRK32.GBP":"FUNDSMITH EQUITY \"R\" (GBP) INC","LU0056508442.USD":"贝莱德世界科技基金A2","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","IE00B5TLWC47.USD":"BNY MELLON LONG-TERM GLOBAL EQUITY \"B\" (USD) ACC","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","BK4122":"互联网与直销零售","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","BK4503":"景林资产持仓","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","LU0724617625.USD":"BGF GLOBAL ALLOCATION \"A4\" (USD) INC","LU0788109477.HKD":"BGF GLOBAL ALLOCATION \"A2\" (HKDHGD) ACC","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU1235294995.USD":"FIDELITY GLOBAL TECHNOLOGY \"A\" (USDHDG) ACC","LU2125154778.USD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (USD) INC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU2381873111.SGD":"BGF SYSTEMATIC GLOBAL EQUITY HIGH INCOME \"A6\" (SGDHDG) INC","LU1880398554.USD":"AMUNDI FUNDS GLOBAL EQUITY \"A2\" (USD) INC","LU1232071149.USD":"AZ FUND 1 GLOBAL GROWTH SELECTOR \"AAZ\" (USDHDG) ACC","LU2097829019.USD":"AZ EQUITY - BORLETTI GLOBAL LIFESTYLE \"AI\" (USD) ACC","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU1069344957.HKD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (HKD) INC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","LU1267930573.SGD":"TEMPLETON GLOBAL \"AA\" (SGD) ACC A","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","LU0494093205.USD":"贝莱德ESG灵活多元资产A2 USD-H","LU0965509283.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (SGDHDG) INC","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY \"A\" (USD) ACC","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","IE00BFXG0V08.USD":"BNY MELLON GLOBAL LEADERS \"B\" (USD) ACC","LU2317271919.USD":"BGF FUTURE CONSUMER \"A2\" (USD) ACC","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","SG9999014906.USD":"大华全球优质成长基金Acc USD","LU1935043023.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (USD) INC A","IE00B4JS1V06.HKD":"JANUS HENDERSON BALANCED \"A2\" (HKD) ACC","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU2746668461.USD":"MANULIFE DYNAMIC LEADERS \"AA\" (USD) ACC","LU2271345857.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (HKD) ACC","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","AMZN":"亚马逊","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","LU0795875169.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD-H","LU2430703251.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (USD) INC","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU2746668974.SGD":"MANULIFE DYNAMIC LEADERS \"AA\" (SGDHDG) ACC","LU2362540622.SGD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (SGDHDG) ACC","USAW.SI":"AMZN 3xLongSG261006","LU0265550946.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A5\" (USD) INC","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","LU2361044949.HKD":"WELLINGTON US QUALITY GROWTH \"A\" (HKD) ACC","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","LU1127390331.HKD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"A\" (HKD) ACC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","SG9999014880.SGD":"大华全球优质成长基金Acc SGD","LU2462157665.USD":"ALLIANZ GLOBAL INCOME \"A\" (USD) INC","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","LU2361044865.SGD":"WELLINGTON US QUALITY GROWTH \"A\" (SGDHDG) ACC","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0107464264.USD":"abrdn SICAV I - GLOBAL INNOVATION EQUITY \"A\" (USD) ACC","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU2417539215.USD":"ALLIANZ GLOBAL INCOME \"AMF\" (USD) INC","LU2361045086.USD":"WELLINGTON US QUALITY GROWTH \"A\" (USD) ACC","SGXZ31699556.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"C\" (SGDHDG) ACC","LU2272731865.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AM\" (HKD) INC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","BK4077":"互动媒体与服务","LU2362541273.HKD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (HKD) ACC","LU2168564149.EUR":"AZ ALLOCATION - TREND \"BAZ\" (EUR) ACC","LU2168563687.JPY":"AZ ALLOCATION - TREND \"AAZ\" (JPYHDG) ACC","LU0965508806.USD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (USD) INC","LU2362541513.USD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (USD) ACC","LU2168564065.EUR":"AZ ALLOCATION - TREND \"AAZ\" (EUR) ACC","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","LU0985320562.USD":"NORDEA 1 GLOBAL STARS EQUITY \"BP\" (USD) ACC","LU2168564222.USD":"AZ ALLOCATION - TREND \"AAZ\" (USDHDG) ACC","LU2168564495.EUR":"AZ ALLOCATION - TREND \"AI\" (EUR) ACC","LU2461242641.AUD":"WELLINGTON US QUALITY GROWTH \"A\" (AUDHDG) ACC","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","LU0545039389.USD":"BGF GLOBAL EQUITY INCOME \"A2\" ACC","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2860962120.EUR":"CPR INVEST - ARTIFICIAL INTELLIGENCE \"A2\" (EUR) ACC A","AZYY":"GraniteShares YieldBOOST AMZN ETF","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","LU1697837992.HKD":"BGF DYNAMIC HIGH INCOME \"A6\" (HKDHDG) INC","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","AMZD":"1倍做空AMZN ETF-Direxion","LU1642822529.SGD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"A\" (SGD) ACC","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","LU2471134796.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) INC","LU2473716301.USD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMF\" (USD) INC","AMZP":"KURV YIELD PREMIUM STRATEGY AMAZON (AMZN) ETF","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","LU2463028550.USD":"AB SICAV I AMERICAN MULTI-ASSET PORTFOLIO \"A\" (USD) ACC","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU2023250843.SGD":"Allianz Thematica Cl AT Acc H2-SGD","AMZU":"2倍做多AMZN ETF-Direxion","LU2505996509.AUD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","LU2750360997.AUD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (AUDHDG) INC","AMZW":"Roundhill AMZN WeeklyPay™ ETF","LU2237957902.USD":"NIKKO AM GLOBAL EQUITY \"F\" (USD) ACC","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU2552382215.SGD":"WELLINGTON US BRAND POWER \"A\" (SGDHDG) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0353189763.USD":"ALLSPRING US ALL CAP GROWTH FUND \"I\" (USD) ACC","LU0096362180.USD":"CT (LUX) I GLOBAL FOCUS \"DU\" (USD)","AMZY":"AMZN期权收益策略ETF-YieldMax","LU2471134523.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) ACC","LU2552382058.USD":"WELLINGTON US BRAND POWER \"A\" (USD) ACC","LU2237957811.SGD":"NIKKO AM GLOBAL EQUITY \"F\" (SGD) ACC","LU2471134879.HKD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (HKD) INC","AMZZ":"2倍做多AMZN ETF-GraniteShares","LU2552382132.HKD":"WELLINGTON US BRAND POWER \"A\" (HKD) ACC","LU0795875086.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD","LU0823421333.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) ACC","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","LU1992135399.USD":"Allianz Global Intelligent Cities AT Acc USD","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","LU0823421416.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) INC","LU2543165471.USD":"E FUND (HK) GLOBAL QUALITY GROWTH \"A\" (USD) ACC","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","LU0096364046.USD":"CT (LUX) I AMERICAN \"DU\" (USD) ACC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU2247934214.USD":"FIDELITY FUNDS SUSTAINABLE FUTURE CONNECTIVITY \"A\" (USD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","IE0003U64NQ7.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) ACC","LU0109392836.USD":"富兰克林科技股A","IE000KEQY171.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) INC","LU2896262040.SGD":"JPM US GROWTH FUND \"A\" (SGD) ACC","LU0823434583.USD":"BNP PARIBAS US GROWTH \"C\" (USD) ACC","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","LU0210536198.USD":"JPM US GROWTH \"A\" ACC","LU0823434740.USD":"BNP PARIBAS US GROWTH \"C\" (USD) INC","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU1564329032.USD":"BGF DYNAMIC HIGH INCOME \"A2\" (USD) ACC","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU0210528500.USD":"JPM AMERICA EQUITY \"A\" ACC","LU0444971666.USD":"天利全球科技基金","LU1323610961.USD":"UBS (LUX) EQUITY SICAV - LONG TERM THEMES (USD) \"P\" (USD) ACC","LU1267930490.SGD":"TEMPLETON GLOBAL EQUITY INCOME \"AS\" (SGD) INC A","LU0912757837.SGD":"JPMorgan Investment Funds - Global Income A (mth) SGD-H","IE00B4YYXB79.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) ACC","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","LU2487616109.SGD":"JPM AMERICA EQUITY \"A\" (SGD) ACC","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","LU2065169927.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) ACC","LU0289941410.SGD":"AB FCP I Dynamic Diversified AX SGD","LU1670711040.USD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (USD) ACC","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) INC","LU0251132253.USD":"FIDELITY FUNDS GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) ACC","LU1633808545.USD":"ALLIANZ GLOBAL EQUITY GROWTH \"AT\" (USD) ACC","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","IE000W1ABFV2.USD":"PIMCO BALANCED INCOME AND GROWTH \"R\" (USD) INC","LU0251142724.SGD":"Fidelity America A-SGD","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","LU0726765562.USD":"JPM GLOBAL INCOME \"A\" (USD HEDGED) INC","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","LU0476273544.USD":"CT (LUX) I GLOBAL TECHNOLOGY \"BU\" (USD) ACC","LU0553294199.USD":"BGF GLOBAL EQUITY INCOME \"A5G\" (USD) INC","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","LU2242650005.HKD":"FIDELITY FUNDS GLOBAL MULTI ASSET DYNAMIC \"A\" (HKD) ACC","LU0823411888.USD":"法巴消费创新基金 Cap","LU2452424414.USD":"BGF ESG MULTI-ASSET \"A10\" (USDHDG) INC","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD) INC","LU2211815571.USD":"ALLIANZ POSITIVE CHANGE \"AT\" (USD) ACC","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","LU0162691827.USD":"BGF US BASIC VALUE \"A4\" INC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","LU2108987350.USD":"UBS (LUX) EQUITY SICAV GLOBAL OPPORTUNITY SUSTAINABLE (USD) \"P\" (USD) ACC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","LU1934455277.USD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"AD\" (USD) INC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU1989764748.USD":"东方汇理环球颠覆性机遇A2 Acc","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU1934455194.USD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"A\" (USD) ACC","LU1116320737.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (USD) INC","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU2054465674.USD":"UBS (LUX) KEY SELEC SICAV DIGITAL TRANSFORMATION T \"P\" (USD) ACC","LU0215105999.USD":"SCHRODER ISF GLOBAL EQUITY \"A\" ACC","LU2403377893.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AM\" (USD) INC","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU1261432733.SGD":"Fidelity World A-ACC-SGD","LU1116320901.HKD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (HKD) INC","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU2764263203.CNY":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (CNYHDG) ACC","LU2092937148.SGD":"Blackrock ESG Multi-Asset A8 SGD-H","LU2111349929.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (HKD) INC","LU1992135472.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES \"AT\" (HKD) ACC","LU2092627202.USD":"Blackrock ESG Multi-Asset A8 USD-H","LU0203345920.USD":"SCHRODER ISF QEP GLB ACT. VL \"A\" (USD) ACC","LU2077746001.SGD":"Blackrock ESG Multi-Asset A2 SGD-H","LU1153585028.USD":"BGF GLOBAL LONG-HORIZON EQUITY \"A4\" (USD) INC","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","LU1564329628.SGD":"Blackrock Dynamic High Income A2 SGD-H","BK4566":"资本集团","LU0210533765.USD":"JPM GLOBAL GROWTH \"A\" (USD) ACC","LU2764263039.SGD":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (SGDHDG) ACC","LU1674673691.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (USD) INC","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","LU1301847155.USD":"BGF GLOBAL MULTI-ASSET INCOME FUND \"A4G\" (USD) INC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU2456880835.USD":"ALLIANZ GLOBAL INCOME \"AT\" (USD) ACC","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140497679","content_text":"After Amazon.com (AMZN), Meta Platforms, Inc. (META) is also restricting AI usage, highlighting a critical and often overlooked industry conflict: the very logic of AI commercialization is being challenged by the soaring costs it generates.\nAccording to reports, Meta sent an internal memo to approximately 6,000 employees this week, announcing it will set caps on employee token usage and build a real-time tracking platform to curb the exponential growth of internal AI costs.\nThe memo stated that Meta's internal AI usage alone is projected to cost tens of billions of dollars by 2026. This move comes after Meta previously encouraged employees to integrate AI tools into their daily workflows, a strategy it is now forced to abruptly reverse.\nConcurrently, reports indicate OpenAI is considering significant token price cuts to attract enterprise clients. Meanwhile, the Silicon Data LLM Token Spending Index, which reflects market willingness to pay for AI, has fallen for seven consecutive trading days—its longest losing streak since January this year.\nThese combined signals have rapidly heightened market skepticism about the sustainability of AI commercialization. For investors, the core question is no longer whether AI demand exists, but rather: when tech giants themselves start scrutinizing their token bills, how much profit margin remains for the large AI model providers?\nThe Uncontrolled Token Bill: Meta's Internal \"Spending Spree\"\nThe direct catalyst for Meta tightening AI usage was a frenzy of token consumption fueled by internal incentives.\nLast November, Meta explicitly told employees that demonstrating \"AI-driven work results\" would be a \"core performance requirement\" this year, with top performers receiving rewards. This directive led to an unintended consequence this spring: some employees engaged in a competition dubbed \"tokenmaxxing,\" vying for spots on an internal leaderboard called \"Claudeonomics,\" which ranked the top 250 employees by token usage.\nInternal data shows employees consumed 60.2 trillion tokens in a 30-day period, with the figure later climbing to 73.7 trillion, leading to the leaderboard being taken down. Some employees reportedly instructed AI agents to run multiple tasks simultaneously to artificially inflate token consumption.\nMeta's Chief Technology Officer Andrew Bosworth warned in an April memo that \"nobody should be using AI just to use AI,\" stressing that \"Token usage is not a measure of impact in any sense.\" However, mere warnings proved insufficient to halt the rising costs.\nSystematic Response: The AI Gateway and Internal Tool Substitution\nFaced with runaway spending, Meta is implementing a systematic cost-control mechanism.\nAccording to the internal memo, Meta has built a central dashboard called \"AI Gateway\" for real-time monitoring of company-wide AI usage and expenditure, with plans to add automated alerts for abnormal consumption spikes. The company intends to roll out these control tools to a broader employee base in the coming weeks and establish a more structured token budget allocation system by 2027.\nSimultaneously, Meta is pushing employees to shift from third-party AI tools to in-house solutions. Its new Applied AI Engineering department is tasking engineers with improving the internal coding assistant MetaCode (formerly Devmate), aiming to reduce reliance on Anthropic's Claude, which is currently the primary tool for Meta's engineers in coding work.\nIt's noted that Meta is not completely blocking access to third-party models; employees can still use tools from OpenAI, Anthropic, and Google, but internal tools will be explicitly prioritized.\nIndustry Echo: Major Tech Firms Hitting the Brakes\nMeta is not alone. Token bill pressures are resonating across the tech industry.\nReports indicate Amazon recently shut down an internal AI leaderboard because employees were performing unnecessary operations to \"boost scores,\" causing a sharp rise in compute costs. Amazon has also begun using a metric called \"standardized deployment\" to evaluate whether engineers regularly use AI to generate useful code, rather than simply measuring token consumption.\nFurthermore, reports suggest Uber and ServiceNow exhausted their annual budgets for Anthropic tools early in 2026. ServiceNow is also monitoring daily employee usage to track and compress costs. Venture capital firms are setting AI usage caps for employees due to daily token fees often reaching thousands of dollars.\nAgainst this backdrop, rumors of OpenAI's price cuts carry deeper significance.\nReports state OpenAI is considering significant reductions in token fees charged to users, partly to get ahead of potential similar moves by Anthropic.\nOpenAI's CEO Sam Altman recently acknowledged that AI usage costs are \"a huge problem\" and stated the company would \"help people get more value for less money.\"\nThe timing of this statement is notable—OpenAI has confidentially filed for an IPO this week, and Anthropic is also on a countdown to its public listing. While price cuts can help win enterprise clients, they directly erode profit margins for both companies, which are currently losing billions due to the massive compute power required for their AI systems.\nToken Index Decline: What is the Market Repricing?\nCapital markets are already feeling the chill.\nThe Silicon Data LLM Token Spending Index has fallen for seven consecutive trading days as of June 11, marking its longest losing streak since January, with declines recorded in 11 of the past 12 days.\nThis index measures the average payment level per million tokens used across the market. It more than doubled since December last year and continued climbing until May 2026 before sharply reversing course.\nA macro strategist described this chart as \"the single most important chart in the entire market right now,\" warning that if token pricing continues to weaken, the trading logic for related investments from memory to broader hardware and data centers in this cycle could face an end.\nWall Street interpretations vary. JPMorgan characterizes the current trend as a \"minimal speed bump,\" while Citadel points out that the core constraint for AI adoption has shifted from \"the most capable model\" to \"cost and scarcity,\" with users accelerating their migration to cheaper models.\nBehind this divergence lies a more fundamental valuation question: Is the decline in token consumption a signal of peak AI demand, or the result of users rationally choosing lower-cost models? The answer will directly impact capital expenditure expectations and valuation logic for companies like Nvidia, cloud providers, and the entire AI hardware supply chain.\nA Turning Point for the Commercial Narrative\nFrom a broader perspective, Meta's move to restrict AI usage reflects a deeper shift in the generative AI commercialization narrative.\nOver the past three years, the AI industry has undergone a three-stage evolution: from subsidizing users to gain adoption, to monthly subscriptions hiding costs, to per-token billing triggering an enterprise bill crisis. Now, as the growth narrative of \"more token consumption is better\" reaches its limit, the industry faces not just a pricing decision, but a more fundamental challenge of business model reconstruction.\nMeta is investing a massive annual capital expenditure, partly to expand AI infrastructure including data centers, AI chips, and talent recruitment. Simultaneously, the company faces pressure from investors to generate visible returns from its enormous AI investments—Meta has already launched paid subscription tiers in Facebook, Instagram, and WhatsApp and plans to charge businesses using its AI business agents.\nHowever, if even Meta's internal AI usage costs have become unsustainable, the profitability prospects of its enterprise AI agent business also face scrutiny. For the entire industry, how to tell the next chapter of the commercialization story remains an unanswered question.","news_type":1,"symbols_score_info":{"META":1,"AMZY":1,"FBY":1,"METU":1,"FBYY":1,"FBL":1,"AMZW":1,"AMZD":1,"AMZU":1,"AMZN":1,"USAW.SI":1,"METW":1,"AZYY":1,"AMZZ":1,"METD":1,"AMZP":1}},"isVote":1,"tweetType":1,"viewCount":33,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":575124719849616,"gmtCreate":1781419564311,"gmtModify":1781427246953,"author":{"id":"4135831911794872","authorId":"4135831911794872","name":"AT69","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":13,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4135831911794872","idStr":"4135831911794872"},"themes":[],"title":"","htmlText":"Zuckerberg...monkey see..monkey do","listText":"Zuckerberg...monkey see..monkey do","text":"Zuckerberg...monkey see..monkey do","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/575124719849616","repostId":"1140497679","repostType":2,"repost":{"id":"1140497679","kind":"news","weMediaInfo":{"introduction":"Global Stock Market Deep Analysis","home_visible":1,"media_name":"Deep News","id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"pubTimestamp":1781351372,"share":"https://ttm.financial/m/news/1140497679?lang=en_US&edition=fundamental","pubTime":"2026-06-13 19:49","market":"hk","language":"en","title":"Following Amazon, Meta Imposes Limits on AI Usage. As Tech Giants Reel from Token Costs, Should AI Model Leaders Focus on Profit Margins?","url":"https://stock-news.laohu8.com/highlight/detail?id=1140497679","media":"Deep News","summary":"After Amazon.com (AMZN), Meta Platforms, Inc. (META) is also restricting AI usage, highlighting a critical and often overlooked industry conflict: the very logic of AI commercialization is being...","content":"<p>After <b>Amazon.com</b> (<b>AMZN</b>), <b>Meta Platforms, Inc.</b> (<b>META</b>) is also restricting AI usage, highlighting a critical and often overlooked industry conflict: the very logic of AI commercialization is being challenged by the soaring costs it generates.<br><br>\nAccording to reports, Meta sent an internal memo to approximately 6,000 employees this week, announcing it will set caps on employee token usage and build a real-time tracking platform to curb the exponential growth of internal AI costs.<br><br>\nThe memo stated that Meta's internal AI usage alone is projected to cost tens of billions of dollars by 2026. This move comes after Meta previously encouraged employees to integrate AI tools into their daily workflows, a strategy it is now forced to abruptly reverse.<br><br>\nConcurrently, reports indicate OpenAI is considering significant token price cuts to attract enterprise clients. Meanwhile, the Silicon Data LLM Token Spending Index, which reflects market willingness to pay for AI, has fallen for seven consecutive trading days—its longest losing streak since January this year.<br><br>\nThese combined signals have rapidly heightened market skepticism about the sustainability of AI commercialization. For investors, the core question is no longer whether AI demand exists, but rather: when tech giants themselves start scrutinizing their token bills, how much profit margin remains for the large AI model providers?<br><br>\n<b>The Uncontrolled Token Bill: Meta's Internal \"Spending Spree\"</b><br><br>\nThe direct catalyst for Meta tightening AI usage was a frenzy of token consumption fueled by internal incentives.<br><br>\nLast November, Meta explicitly told employees that demonstrating \"AI-driven work results\" would be a \"core performance requirement\" this year, with top performers receiving rewards. This directive led to an unintended consequence this spring: some employees engaged in a competition dubbed \"tokenmaxxing,\" vying for spots on an internal leaderboard called \"Claudeonomics,\" which ranked the top 250 employees by token usage.<br><br>\nInternal data shows employees consumed 60.2 trillion tokens in a 30-day period, with the figure later climbing to 73.7 trillion, leading to the leaderboard being taken down. Some employees reportedly instructed AI agents to run multiple tasks simultaneously to artificially inflate token consumption.<br><br>\nMeta's Chief Technology Officer Andrew Bosworth warned in an April memo that \"nobody should be using AI just to use AI,\" stressing that \"Token usage is not a measure of impact in any sense.\" However, mere warnings proved insufficient to halt the rising costs.<br><br>\n<b>Systematic Response: The AI Gateway and Internal Tool Substitution</b><br><br>\nFaced with runaway spending, Meta is implementing a systematic cost-control mechanism.<br><br>\nAccording to the internal memo, Meta has built a central dashboard called \"AI Gateway\" for real-time monitoring of company-wide AI usage and expenditure, with plans to add automated alerts for abnormal consumption spikes. The company intends to roll out these control tools to a broader employee base in the coming weeks and establish a more structured token budget allocation system by 2027.<br><br>\nSimultaneously, Meta is pushing employees to shift from third-party AI tools to in-house solutions. Its new Applied AI Engineering department is tasking engineers with improving the internal coding assistant MetaCode (formerly Devmate), aiming to reduce reliance on Anthropic's Claude, which is currently the primary tool for Meta's engineers in coding work.<br><br>\nIt's noted that Meta is not completely blocking access to third-party models; employees can still use tools from OpenAI, Anthropic, and Google, but internal tools will be explicitly prioritized.<br><br>\n<b>Industry Echo: Major Tech Firms Hitting the Brakes</b><br><br>\nMeta is not alone. Token bill pressures are resonating across the tech industry.<br><br>\nReports indicate Amazon recently shut down an internal AI leaderboard because employees were performing unnecessary operations to \"boost scores,\" causing a sharp rise in compute costs. Amazon has also begun using a metric called \"standardized deployment\" to evaluate whether engineers regularly use AI to generate useful code, rather than simply measuring token consumption.<br><br>\nFurthermore, reports suggest Uber and ServiceNow exhausted their annual budgets for Anthropic tools early in 2026. ServiceNow is also monitoring daily employee usage to track and compress costs. Venture capital firms are setting AI usage caps for employees due to daily token fees often reaching thousands of dollars.<br><br>\nAgainst this backdrop, rumors of OpenAI's price cuts carry deeper significance.<br><br>\nReports state OpenAI is considering significant reductions in token fees charged to users, partly to get ahead of potential similar moves by Anthropic.<br><br>\nOpenAI's CEO Sam Altman recently acknowledged that AI usage costs are \"a huge problem\" and stated the company would \"help people get more value for less money.\"<br><br>\nThe timing of this statement is notable—OpenAI has confidentially filed for an IPO this week, and Anthropic is also on a countdown to its public listing. While price cuts can help win enterprise clients, they directly erode profit margins for both companies, which are currently losing billions due to the massive compute power required for their AI systems.<br><br>\n<b>Token Index Decline: What is the Market Repricing?</b><br><br>\nCapital markets are already feeling the chill.<br><br>\nThe Silicon Data LLM Token Spending Index has fallen for seven consecutive trading days as of June 11, marking its longest losing streak since January, with declines recorded in 11 of the past 12 days.<br><br>\nThis index measures the average payment level per million tokens used across the market. It more than doubled since December last year and continued climbing until May 2026 before sharply reversing course.<br><br>\nA macro strategist described this chart as \"the single most important chart in the entire market right now,\" warning that if token pricing continues to weaken, the trading logic for related investments from memory to broader hardware and data centers in this cycle could face an end.<br><br>\nWall Street interpretations vary. JPMorgan characterizes the current trend as a \"minimal speed bump,\" while Citadel points out that the core constraint for AI adoption has shifted from \"the most capable model\" to \"cost and scarcity,\" with users accelerating their migration to cheaper models.<br><br>\nBehind this divergence lies a more fundamental valuation question: Is the decline in token consumption a signal of peak AI demand, or the result of users rationally choosing lower-cost models? The answer will directly impact capital expenditure expectations and valuation logic for companies like Nvidia, cloud providers, and the entire AI hardware supply chain.<br><br>\n<b>A Turning Point for the Commercial Narrative</b><br><br>\nFrom a broader perspective, Meta's move to restrict AI usage reflects a deeper shift in the generative AI commercialization narrative.<br><br>\nOver the past three years, the AI industry has undergone a three-stage evolution: from subsidizing users to gain adoption, to monthly subscriptions hiding costs, to per-token billing triggering an enterprise bill crisis. Now, as the growth narrative of \"more token consumption is better\" reaches its limit, the industry faces not just a pricing decision, but a more fundamental challenge of business model reconstruction.<br><br>\nMeta is investing a massive annual capital expenditure, partly to expand AI infrastructure including data centers, AI chips, and talent recruitment. Simultaneously, the company faces pressure from investors to generate visible returns from its enormous AI investments—Meta has already launched paid subscription tiers in Facebook, Instagram, and WhatsApp and plans to charge businesses using its AI business agents.<br><br>\nHowever, if even Meta's internal AI usage costs have become unsustainable, the profitability prospects of its enterprise AI agent business also face scrutiny. For the entire industry, how to tell the next chapter of the commercialization story remains an unanswered question.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Following Amazon, Meta Imposes Limits on AI Usage. As Tech Giants Reel from Token Costs, Should AI Model Leaders Focus on Profit Margins?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFollowing Amazon, Meta Imposes Limits on AI Usage. As Tech Giants Reel from Token Costs, Should AI Model Leaders Focus on Profit Margins?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-06-13 19:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>After <b>Amazon.com</b> (<b>AMZN</b>), <b>Meta Platforms, Inc.</b> (<b>META</b>) is also restricting AI usage, highlighting a critical and often overlooked industry conflict: the very logic of AI commercialization is being challenged by the soaring costs it generates.<br><br>\nAccording to reports, Meta sent an internal memo to approximately 6,000 employees this week, announcing it will set caps on employee token usage and build a real-time tracking platform to curb the exponential growth of internal AI costs.<br><br>\nThe memo stated that Meta's internal AI usage alone is projected to cost tens of billions of dollars by 2026. This move comes after Meta previously encouraged employees to integrate AI tools into their daily workflows, a strategy it is now forced to abruptly reverse.<br><br>\nConcurrently, reports indicate OpenAI is considering significant token price cuts to attract enterprise clients. Meanwhile, the Silicon Data LLM Token Spending Index, which reflects market willingness to pay for AI, has fallen for seven consecutive trading days—its longest losing streak since January this year.<br><br>\nThese combined signals have rapidly heightened market skepticism about the sustainability of AI commercialization. For investors, the core question is no longer whether AI demand exists, but rather: when tech giants themselves start scrutinizing their token bills, how much profit margin remains for the large AI model providers?<br><br>\n<b>The Uncontrolled Token Bill: Meta's Internal \"Spending Spree\"</b><br><br>\nThe direct catalyst for Meta tightening AI usage was a frenzy of token consumption fueled by internal incentives.<br><br>\nLast November, Meta explicitly told employees that demonstrating \"AI-driven work results\" would be a \"core performance requirement\" this year, with top performers receiving rewards. This directive led to an unintended consequence this spring: some employees engaged in a competition dubbed \"tokenmaxxing,\" vying for spots on an internal leaderboard called \"Claudeonomics,\" which ranked the top 250 employees by token usage.<br><br>\nInternal data shows employees consumed 60.2 trillion tokens in a 30-day period, with the figure later climbing to 73.7 trillion, leading to the leaderboard being taken down. Some employees reportedly instructed AI agents to run multiple tasks simultaneously to artificially inflate token consumption.<br><br>\nMeta's Chief Technology Officer Andrew Bosworth warned in an April memo that \"nobody should be using AI just to use AI,\" stressing that \"Token usage is not a measure of impact in any sense.\" However, mere warnings proved insufficient to halt the rising costs.<br><br>\n<b>Systematic Response: The AI Gateway and Internal Tool Substitution</b><br><br>\nFaced with runaway spending, Meta is implementing a systematic cost-control mechanism.<br><br>\nAccording to the internal memo, Meta has built a central dashboard called \"AI Gateway\" for real-time monitoring of company-wide AI usage and expenditure, with plans to add automated alerts for abnormal consumption spikes. The company intends to roll out these control tools to a broader employee base in the coming weeks and establish a more structured token budget allocation system by 2027.<br><br>\nSimultaneously, Meta is pushing employees to shift from third-party AI tools to in-house solutions. Its new Applied AI Engineering department is tasking engineers with improving the internal coding assistant MetaCode (formerly Devmate), aiming to reduce reliance on Anthropic's Claude, which is currently the primary tool for Meta's engineers in coding work.<br><br>\nIt's noted that Meta is not completely blocking access to third-party models; employees can still use tools from OpenAI, Anthropic, and Google, but internal tools will be explicitly prioritized.<br><br>\n<b>Industry Echo: Major Tech Firms Hitting the Brakes</b><br><br>\nMeta is not alone. Token bill pressures are resonating across the tech industry.<br><br>\nReports indicate Amazon recently shut down an internal AI leaderboard because employees were performing unnecessary operations to \"boost scores,\" causing a sharp rise in compute costs. Amazon has also begun using a metric called \"standardized deployment\" to evaluate whether engineers regularly use AI to generate useful code, rather than simply measuring token consumption.<br><br>\nFurthermore, reports suggest Uber and ServiceNow exhausted their annual budgets for Anthropic tools early in 2026. ServiceNow is also monitoring daily employee usage to track and compress costs. Venture capital firms are setting AI usage caps for employees due to daily token fees often reaching thousands of dollars.<br><br>\nAgainst this backdrop, rumors of OpenAI's price cuts carry deeper significance.<br><br>\nReports state OpenAI is considering significant reductions in token fees charged to users, partly to get ahead of potential similar moves by Anthropic.<br><br>\nOpenAI's CEO Sam Altman recently acknowledged that AI usage costs are \"a huge problem\" and stated the company would \"help people get more value for less money.\"<br><br>\nThe timing of this statement is notable—OpenAI has confidentially filed for an IPO this week, and Anthropic is also on a countdown to its public listing. While price cuts can help win enterprise clients, they directly erode profit margins for both companies, which are currently losing billions due to the massive compute power required for their AI systems.<br><br>\n<b>Token Index Decline: What is the Market Repricing?</b><br><br>\nCapital markets are already feeling the chill.<br><br>\nThe Silicon Data LLM Token Spending Index has fallen for seven consecutive trading days as of June 11, marking its longest losing streak since January, with declines recorded in 11 of the past 12 days.<br><br>\nThis index measures the average payment level per million tokens used across the market. It more than doubled since December last year and continued climbing until May 2026 before sharply reversing course.<br><br>\nA macro strategist described this chart as \"the single most important chart in the entire market right now,\" warning that if token pricing continues to weaken, the trading logic for related investments from memory to broader hardware and data centers in this cycle could face an end.<br><br>\nWall Street interpretations vary. JPMorgan characterizes the current trend as a \"minimal speed bump,\" while Citadel points out that the core constraint for AI adoption has shifted from \"the most capable model\" to \"cost and scarcity,\" with users accelerating their migration to cheaper models.<br><br>\nBehind this divergence lies a more fundamental valuation question: Is the decline in token consumption a signal of peak AI demand, or the result of users rationally choosing lower-cost models? The answer will directly impact capital expenditure expectations and valuation logic for companies like Nvidia, cloud providers, and the entire AI hardware supply chain.<br><br>\n<b>A Turning Point for the Commercial Narrative</b><br><br>\nFrom a broader perspective, Meta's move to restrict AI usage reflects a deeper shift in the generative AI commercialization narrative.<br><br>\nOver the past three years, the AI industry has undergone a three-stage evolution: from subsidizing users to gain adoption, to monthly subscriptions hiding costs, to per-token billing triggering an enterprise bill crisis. Now, as the growth narrative of \"more token consumption is better\" reaches its limit, the industry faces not just a pricing decision, but a more fundamental challenge of business model reconstruction.<br><br>\nMeta is investing a massive annual capital expenditure, partly to expand AI infrastructure including data centers, AI chips, and talent recruitment. Simultaneously, the company faces pressure from investors to generate visible returns from its enormous AI investments—Meta has already launched paid subscription tiers in Facebook, Instagram, and WhatsApp and plans to charge businesses using its AI business agents.<br><br>\nHowever, if even Meta's internal AI usage costs have become unsustainable, the profitability prospects of its enterprise AI agent business also face scrutiny. For the entire industry, how to tell the next chapter of the commercialization story remains an unanswered question.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0080751232.USD":"富达环球多元动力基金A","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0070217475.USD":"JPM GLOBAL SELECT EQUITY \"A\" ACC","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU2404859741.USD":"FUNDSMITH EQUITY FUND \"R\" (USD) INC","BK4561":"索罗斯持仓","LU0957808578.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"ZU\" (USD) ACC","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU2404859667.USD":"FUNDSMITH EQUITY FUND \"R\" (USD) ACC","LU0690374961.EUR":"FUNDSMITH EQUITY \"R\" (EUR) INC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0345769631.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) INC","LU0690374615.EUR":"FUNDSMITH EQUITY \"R\" (EUR) ACC","SG9999001077.SGD":"United International Growth Fund SGD","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","LU0345770993.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) INC","LU1868837300.USD":"CT (LUX) I AMERICAN FUND \"9\" (USD) ACC","HK0000304797.USD":"PICTET 战略收益基金 P类 美元","LU2087625088.SGD":"ALLSPRING US ALL CAP GROWTH \"A\" (SGDHDG) ACC","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","LU0061474960.USD":"天利环球焦点基金AU Acc","HK0000304805.HKD":"PICTET 战略收益基金 P类港元","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU1868836914.USD":"CT (LUX) I AMERICAN \"3\" (USD) ACC","LU1868837136.USD":"CT (LUX) I AMERICAN \"8\" (USD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","LU0552385451.USD":"摩根士丹利投资基金-环球机会基金 C","LU1868836591.USD":"CT (LUX) I AMERICAN \"1U\"(USD) ACC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU1868836757.USD":"CT (LUX) I AMERICAN FUND \"2\" (USD) ACC","LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","LU2347655156.SGD":"JPMorgan Investment Funds - Global Income A (icdiv) SGD-H","LU1815333072.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"AUP\" (USD) INC","IE000SO60NU8.SGD":"RQI GLOBAL \"I\" (SGDHDG) ACC A","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","BK4543":"AI","IE000WAW04H5.SGD":"RQI GLOBAL \"I\" (SGD) INC A","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","LU0345768740.USD":"NINETY ONE GSF GLOBAL STRATEGIC MANAGED \"A\" (USD) INC","LU0053666078.USD":"摩根大通基金-美国股票A(离岸)美元","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","LU0082616367.USD":"摩根大通美国科技A(dist)","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","LU1489326972.SGD":"First Eagle Amundi International AHS-MD SGD-H","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","LU1035775433.USD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (USD) INC","SG9999017495.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"B\" (SGD) ACC","LU0949170772.SGD":"Blackrock Global Equity Income A6 SGD-H","LU2272731782.SGD":"Allianz Global Intelligent Cities AM Dis H2-SGD","LU2272731600.USD":"Allianz Global Intelligent Cities AM Dis USD","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","SG9999002232.USD":"Allianz Global High Payout USD","LU1003077747.HKD":"BGF GLOBAL EQUITY INCOME \"A6\" (HKDHDG) INC","BK4592":"伊斯兰概念","SG9999002224.SGD":"Allianz Global High Payout SGD","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU2083900584.USD":"HSBC GIF US INCOME FOCUSED \"AM2\" (USD) INC","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU2242649171.HKD":"FIDELITY FUNDS GLOBAL THEMATIC OPPORTUNITIES \"A\" (HKD) ACC","LU2360032135.SGD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (SGDHDG) INC","LU0079474960.USD":"联博美国增长基金A","LU0738911758.USD":"Blackrock Global Equity Income A6 USD","IE00B3SWFQ91.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) INC","BK4548":"巴美列捷福持仓","LU1934455863.HKD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"A\" (HKD) ACC","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU0949170426.SGD":"Blackrock Global Multi-Asset Income A6 SGD-H","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU0345774391.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) ACC","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU1880398471.USD":"AMUNDI FUNDS GLOBAL EQUITY \"A2\" (USD) ACC","LU1046421795.USD":"富达环球科技A-ACC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","BK4554":"元宇宙及AR概念","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","LU0784384876.USD":"Blackrock Global Multi-Asset Income A6 USD","IE00B775H168.HKD":"JANUS HENDERSON BALANCED \"A5M\" (HKD) INC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU2125154935.USD":"ALLSPRING (LUX) WF GLOBAL EQUITY ENHANCED INCOME \"I\" (USD) INC","LU1670628061.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) INC","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","BK4585":"ETF&股票定投概念","IE00BN29S564.USD":"JANUS HENDERSON BALANCED \"A3\" (USD) INC","LU2211817866.USD":"Allianz Food Security AT Acc USD","LU1670710588.SGD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (SGD) ACC","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","LU1670710661.SGD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (SGD) INC","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","BK4587":"ChatGPT概念","BK4581":"高盛持仓","LU0528227936.USD":"富达环球人口趋势基金A-ACC","LU2065170008.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) INC","LU0238689110.USD":"贝莱德环球动力股票基金","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0345774631.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) INC","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU2028103732.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AMG\" (USD) INC","BK4596":"哈里斯概念","BK4559":"巴菲特持仓","LU1267930730.SGD":"富兰克林美国机遇基金AS Acc SGD (CPF)","LU2322448791.USD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMG\" (USD) INC","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","LU0342679015.USD":"ALLIANZ GLOBAL EQUITY UNCONSTRAINED \"AT\" (USD) ACC","LU0661504455.SGD":"Blackrock Global Equity Income A5 SGD-H","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","LU2637965513.SGD":"BGF GLOBAL ALLOCATION \"A10\" (SGDHDG) INC","BK4588":"碎股","LU2322448957.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMG\" (HKD) INC","BK4550":"红杉资本持仓","LU0072462426.USD":"贝莱德全球配置 A2","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","BK4579":"人工智能","LU2462591350.SGD":"T ROWE PRICE US LARGE CAP GROWTH EQUITY \"AN\" (SGDHDG) ACC","IE000ITXATA3.USD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (USD) ACC","LU0048584097.USD":"FIDELITY FUNDS GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) INC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","BK4551":"寇图资本持仓","BK4598":"佩洛西持仓","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU0138981039.USD":"FIDELITY FUNDS SUSTAINABLE MULTI ASSET INCOME \"A\" INC","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","IE0009G5SDU7.USD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (USD) INC","IE0001KFT4U8.USD":"FTGF CLEARBRIDGE GLOBAL GROWTH LEADERS \"A\" (USD) INC","LU0203347892.USD":"SCHRODER ISF QEP GLOBAL ACTIVE VALLUE \"A\" (USD) INC AV","LU0133085943.USD":"T ROWE PRICE US BLUE CHIP EQUITY \"A\" ACC","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU0985489474.SGD":"First Eagle Amundi International AHS-C SGD-H","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","LU0878866978.SGD":"First Eagle Amundi International AHS-QD SGD-H","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU0444973449.USD":"CT (LUX) I GLOBAL TECHNOLOGY \"DU\" (USD) ACC","LU0302445910.USD":"SCHRODER ISF GLOBAL CLIMATE CHANGE EQUITY \"A\" ACC","IE000YTNTUN2.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG)INC","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","FBL":"2倍做多META ETF-GraniteShares","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","SGXZ81514606.USD":"大华环球创新基金A Acc USD","LU0174119429.USD":"T ROWE PRICE US LARGE CAP GROWTH EQUITY \"A\" ACC","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","LU0433182093.SGD":"First Eagle Amundi International AS-C SGD","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","LU1564329115.USD":"Blackrock Dynamic High Income A6 USD","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU2420271590.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AT\" (USD) ACC","LU2065171311.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) ACC","LU2065171402.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) INC","LU0068578508.USD":"First Eagle Amundi International Cl AU-C USD","LU1564329461.SGD":"Blackrock Dynamic High Income A6 SGD-H","LU0708994859.HKD":"TEMPLETON GLOBAL \"A\" (HKD) ACC","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1 Acc SGD-H","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"AG\" (USD) ACC","LU0861579265.USD":"联博低波幅策略股票基金A","LU1935042215.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (USD) INC A","HK0000914686.HKD":"GFI Global Select Equity Fund Class A (HKD)","BK4220":"综合零售","BK4524":"宅经济概念","BK4604":"机器人概念","LU2720916845.USD":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (USD) ACC","FBY":"META期权收益策略ETF-YieldMax","IE00BYQQ9H92.USD":"BNY MELLON GLOBAL LEADERS \"A\" (USD) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4527":"明星科技股","FBYY":"GraniteShares YieldBOOST META ETF","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","LU0965509010.AUD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (AUDHDG) INC","LU0354030511.USD":"ALLSPRING U.S. LARGE CAP GROWTH \"I\" (USD) ACC","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","LU1732800096.USD":"摩根大通环球收益基金A (irc)","HK0000914660.USD":"GFI Global Select Equity Fund Class A (USD)","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU1084165304.USD":"FIDELITY WORLD \"A\" (USD) ACC","LU1670711123.USD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (USD) INC","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","LU2275660780.HKD":"SCHRODER ISF GLOBAL CLIMATE CHANGE EQUITY \"A\" (HKD) ACC","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","SG9999018865.SGD":"United Global Quality Growth Fd Cl Dist SGD-H","BK4612":"AI芯片","SGXZ99366536.SGD":"United Global Innovation A Acc SGD-H","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","LU2999663052.SGD":"T ROWE PRICE GLOBAL FOCUSED GROWTH EQUITY \"A4P\" (SGD) INC","LU0965509101.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","SGXZ51526630.SGD":"大华环球创新基金A Acc SGD","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU1935042488.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (USD) INC","LU1935042991.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (SGDHDG) INC","BK4532":"文艺复兴科技持仓","IE000MB6IJN5.SGD":"RQI GLOBAL \"I\" (SGD) ACC","LU2954938101.SGD":"T ROWE PRICE GLOBAL FOCUSED GROWTH EQUITY \"A8P\" (SGD) INC","LU0203202063.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"A2X\" (USD) ACC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4534":"瑞士信贷持仓","METD":"1倍做空META ETF-Direxion","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","LU0143551892.USD":"T ROWE PRICE GLOBAL FOCUSED GROWTH EQUITY \"A\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2462591277.SGD":"TRP GLOBAL FOCUSED GROWTH EQUITY \"AN\" (SGDHDG) ACC","LU0203201768.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"AX\" (USD) INC","LU1732799900.SGD":"JPMorgan Investment Funds - Global Income A (irc) SGD-H","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","METU":"2倍做多META ETF-Direxion","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0158827781.USD":" ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (USD) ACC","LU1917777945.USD":"安联专题基金Cl AT Acc","BK4535":"淡马锡持仓","LU1699723380.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"AP\" (USD) ACC","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) INC (M)","BK4538":"云计算","METW":"Roundhill META WeeklyPay™ ETF","LU0149725797.USD":"汇丰美国股市经济规模基金","HK0000532082.HKD":"ALLIANZ SELECTION INCOME AND GROWTH \"AM\" (HKD) INC","META":"Meta Platforms, Inc.","LU0882574139.USD":"富达环球消费行业基金A ACC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","SG9999015978.USD":"利安颠覆性创新基金A","IE00BQXX3F31.USD":"GUINNESS GLOBAL INNOVATORS \"C\" (USD) ACC","IE00BQXX3C00.GBP":"GUINNESS GLOBAL INNOVATORS \"C\" (GBP) ACC","LU0784385170.HKD":"BGF GLOBAL MULTI ASSET INCOME \"A6\" (HKDHGD) INC","IE00BQXX3D17.EUR":"GUINNESS GLOBAL INNOVATORS \"C\" (EUR) ACC","IE000BZT7R73.USD":"RQI GLOBAL \"I\" (USD) ACC","LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC","LU0784385840.USD":"Blackrock Global Multi-Asset Income A2 USD","LU1861127337.USD":"ALLIANZ GLOBAL MULTI ASSET SUSTAINABILITY BALANCED \"AMG\" (USD) INC","LU2063271972.USD":"富兰克林创新领域基金","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU1935043536.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (SGDHDG) INC A","LU2764262908.HKD":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (HKD) ACC","LU2347655073.USD":"JPM GLOBAL INCOME \"A\" (USDHDG) INC A","LU0345768153.USD":"NINETY ONE GSF GLOBAL STRATEGIC MANAGED \"A\" (USD) ACC","LU0784383803.USD":"BGF GLOBAL MULTI-ASSET INCOME FUND \"A\" (USD) INC A","LU1037948897.HKD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (HKD) INC","LU0265550359.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A2\" (USD) ACC","LU1815336760.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"AUP\" (USD) INC","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1037948541.HKD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (HKD) ACC","IE000F7OJYX1.SGD":"RQI GLOBAL \"I\" (SGDHDG) INC","SG9999000418.SGD":"Aberdeen Standard Global Technology SGD","IE0000B7K699.USD":"RQI GLOBAL \"I\" (USD) INC","LU1791710582.SGD":"Fidelity Global Demographics A-ACC-SGD (SGD/USD hedged)","LU1883839398.USD":"AMUNDI FUNDS INCOME OPPORTUNITIES \"A2\" (USD) ACC","LU1119994496.HKD":"FIDELITY WORLD \"A\" (HKD) ACC","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","LU0256863902.USD":"ALLIANZ US EQUITY \"AT\" (USD) ACC","LU1791710400.SGD":"Fidelity Global Demographics A-ACC-SGD","BK4507":"流媒体概念","GB00B4QBRK32.GBP":"FUNDSMITH EQUITY \"R\" (GBP) INC","LU0056508442.USD":"贝莱德世界科技基金A2","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","IE00B5TLWC47.USD":"BNY MELLON LONG-TERM GLOBAL EQUITY \"B\" (USD) ACC","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","BK4122":"互联网与直销零售","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","BK4503":"景林资产持仓","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","LU0724617625.USD":"BGF GLOBAL ALLOCATION \"A4\" (USD) INC","LU0788109477.HKD":"BGF GLOBAL ALLOCATION \"A2\" (HKDHGD) ACC","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU1235294995.USD":"FIDELITY GLOBAL TECHNOLOGY \"A\" (USDHDG) ACC","LU2125154778.USD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (USD) INC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU2381873111.SGD":"BGF SYSTEMATIC GLOBAL EQUITY HIGH INCOME \"A6\" (SGDHDG) INC","LU1880398554.USD":"AMUNDI FUNDS GLOBAL EQUITY \"A2\" (USD) INC","LU1232071149.USD":"AZ FUND 1 GLOBAL GROWTH SELECTOR \"AAZ\" (USDHDG) ACC","LU2097829019.USD":"AZ EQUITY - BORLETTI GLOBAL LIFESTYLE \"AI\" (USD) ACC","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU1069344957.HKD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (HKD) INC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","LU1267930573.SGD":"TEMPLETON GLOBAL \"AA\" (SGD) ACC A","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","LU0494093205.USD":"贝莱德ESG灵活多元资产A2 USD-H","LU0965509283.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (SGDHDG) INC","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY \"A\" (USD) ACC","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","IE00BFXG0V08.USD":"BNY MELLON GLOBAL LEADERS \"B\" (USD) ACC","LU2317271919.USD":"BGF FUTURE CONSUMER \"A2\" (USD) ACC","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","SG9999014906.USD":"大华全球优质成长基金Acc USD","LU1935043023.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (USD) INC A","IE00B4JS1V06.HKD":"JANUS HENDERSON BALANCED \"A2\" (HKD) ACC","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU2746668461.USD":"MANULIFE DYNAMIC LEADERS \"AA\" (USD) ACC","LU2271345857.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (HKD) ACC","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","AMZN":"亚马逊","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","LU0795875169.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD-H","LU2430703251.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (USD) INC","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU2746668974.SGD":"MANULIFE DYNAMIC LEADERS \"AA\" (SGDHDG) ACC","LU2362540622.SGD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (SGDHDG) ACC","USAW.SI":"AMZN 3xLongSG261006","LU0265550946.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A5\" (USD) INC","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","LU2361044949.HKD":"WELLINGTON US QUALITY GROWTH \"A\" (HKD) ACC","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","LU1127390331.HKD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"A\" (HKD) ACC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","SG9999014880.SGD":"大华全球优质成长基金Acc SGD","LU2462157665.USD":"ALLIANZ GLOBAL INCOME \"A\" (USD) INC","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","LU2361044865.SGD":"WELLINGTON US QUALITY GROWTH \"A\" (SGDHDG) ACC","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0107464264.USD":"abrdn SICAV I - GLOBAL INNOVATION EQUITY \"A\" (USD) ACC","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU2417539215.USD":"ALLIANZ GLOBAL INCOME \"AMF\" (USD) INC","LU2361045086.USD":"WELLINGTON US QUALITY GROWTH \"A\" (USD) ACC","SGXZ31699556.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"C\" (SGDHDG) ACC","LU2272731865.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AM\" (HKD) INC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","BK4077":"互动媒体与服务","LU2362541273.HKD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (HKD) ACC","LU2168564149.EUR":"AZ ALLOCATION - TREND \"BAZ\" (EUR) ACC","LU2168563687.JPY":"AZ ALLOCATION - TREND \"AAZ\" (JPYHDG) ACC","LU0965508806.USD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (USD) INC","LU2362541513.USD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (USD) ACC","LU2168564065.EUR":"AZ ALLOCATION - TREND \"AAZ\" (EUR) ACC","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","LU0985320562.USD":"NORDEA 1 GLOBAL STARS EQUITY \"BP\" (USD) ACC","LU2168564222.USD":"AZ ALLOCATION - TREND \"AAZ\" (USDHDG) ACC","LU2168564495.EUR":"AZ ALLOCATION - TREND \"AI\" (EUR) ACC","LU2461242641.AUD":"WELLINGTON US QUALITY GROWTH \"A\" (AUDHDG) ACC","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","LU0545039389.USD":"BGF GLOBAL EQUITY INCOME \"A2\" ACC","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2860962120.EUR":"CPR INVEST - ARTIFICIAL INTELLIGENCE \"A2\" (EUR) ACC A","AZYY":"GraniteShares YieldBOOST AMZN ETF","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","LU1697837992.HKD":"BGF DYNAMIC HIGH INCOME \"A6\" (HKDHDG) INC","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","AMZD":"1倍做空AMZN ETF-Direxion","LU1642822529.SGD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"A\" (SGD) ACC","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","LU2471134796.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) INC","LU2473716301.USD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMF\" (USD) INC","AMZP":"KURV YIELD PREMIUM STRATEGY AMAZON (AMZN) ETF","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","LU2463028550.USD":"AB SICAV I AMERICAN MULTI-ASSET PORTFOLIO \"A\" (USD) ACC","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU2023250843.SGD":"Allianz Thematica Cl AT Acc H2-SGD","AMZU":"2倍做多AMZN ETF-Direxion","LU2505996509.AUD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","LU2750360997.AUD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (AUDHDG) INC","AMZW":"Roundhill AMZN WeeklyPay™ ETF","LU2237957902.USD":"NIKKO AM GLOBAL EQUITY \"F\" (USD) ACC","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU2552382215.SGD":"WELLINGTON US BRAND POWER \"A\" (SGDHDG) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0353189763.USD":"ALLSPRING US ALL CAP GROWTH FUND \"I\" (USD) ACC","LU0096362180.USD":"CT (LUX) I GLOBAL FOCUS \"DU\" (USD)","AMZY":"AMZN期权收益策略ETF-YieldMax","LU2471134523.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) ACC","LU2552382058.USD":"WELLINGTON US BRAND POWER \"A\" (USD) ACC","LU2237957811.SGD":"NIKKO AM GLOBAL EQUITY \"F\" (SGD) ACC","LU2471134879.HKD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (HKD) INC","AMZZ":"2倍做多AMZN ETF-GraniteShares","LU2552382132.HKD":"WELLINGTON US BRAND POWER \"A\" (HKD) ACC","LU0795875086.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD","LU0823421333.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) ACC","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","LU1992135399.USD":"Allianz Global Intelligent Cities AT Acc USD","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","LU0823421416.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) INC","LU2543165471.USD":"E FUND (HK) GLOBAL QUALITY GROWTH \"A\" (USD) ACC","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","LU0096364046.USD":"CT (LUX) I AMERICAN \"DU\" (USD) ACC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU2247934214.USD":"FIDELITY FUNDS SUSTAINABLE FUTURE CONNECTIVITY \"A\" (USD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","IE0003U64NQ7.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) ACC","LU0109392836.USD":"富兰克林科技股A","IE000KEQY171.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) INC","LU2896262040.SGD":"JPM US GROWTH FUND \"A\" (SGD) ACC","LU0823434583.USD":"BNP PARIBAS US GROWTH \"C\" (USD) ACC","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","LU0210536198.USD":"JPM US GROWTH \"A\" ACC","LU0823434740.USD":"BNP PARIBAS US GROWTH \"C\" (USD) INC","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU1564329032.USD":"BGF DYNAMIC HIGH INCOME \"A2\" (USD) ACC","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU0210528500.USD":"JPM AMERICA EQUITY \"A\" ACC","LU0444971666.USD":"天利全球科技基金","LU1323610961.USD":"UBS (LUX) EQUITY SICAV - LONG TERM THEMES (USD) \"P\" (USD) ACC","LU1267930490.SGD":"TEMPLETON GLOBAL EQUITY INCOME \"AS\" (SGD) INC A","LU0912757837.SGD":"JPMorgan Investment Funds - Global Income A (mth) SGD-H","IE00B4YYXB79.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) ACC","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","LU2487616109.SGD":"JPM AMERICA EQUITY \"A\" (SGD) ACC","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","LU2065169927.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) ACC","LU0289941410.SGD":"AB FCP I Dynamic Diversified AX SGD","LU1670711040.USD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (USD) ACC","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) INC","LU0251132253.USD":"FIDELITY FUNDS GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) ACC","LU1633808545.USD":"ALLIANZ GLOBAL EQUITY GROWTH \"AT\" (USD) ACC","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","IE000W1ABFV2.USD":"PIMCO BALANCED INCOME AND GROWTH \"R\" (USD) INC","LU0251142724.SGD":"Fidelity America A-SGD","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","LU0726765562.USD":"JPM GLOBAL INCOME \"A\" (USD HEDGED) INC","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","LU0476273544.USD":"CT (LUX) I GLOBAL TECHNOLOGY \"BU\" (USD) ACC","LU0553294199.USD":"BGF GLOBAL EQUITY INCOME \"A5G\" (USD) INC","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","LU2242650005.HKD":"FIDELITY FUNDS GLOBAL MULTI ASSET DYNAMIC \"A\" (HKD) ACC","LU0823411888.USD":"法巴消费创新基金 Cap","LU2452424414.USD":"BGF ESG MULTI-ASSET \"A10\" (USDHDG) INC","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD) INC","LU2211815571.USD":"ALLIANZ POSITIVE CHANGE \"AT\" (USD) ACC","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","LU0162691827.USD":"BGF US BASIC VALUE \"A4\" INC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","LU2108987350.USD":"UBS (LUX) EQUITY SICAV GLOBAL OPPORTUNITY SUSTAINABLE (USD) \"P\" (USD) ACC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","LU1934455277.USD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"AD\" (USD) INC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU1989764748.USD":"东方汇理环球颠覆性机遇A2 Acc","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU1934455194.USD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"A\" (USD) ACC","LU1116320737.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (USD) INC","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU2054465674.USD":"UBS (LUX) KEY SELEC SICAV DIGITAL TRANSFORMATION T \"P\" (USD) ACC","LU0215105999.USD":"SCHRODER ISF GLOBAL EQUITY \"A\" ACC","LU2403377893.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AM\" (USD) INC","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU1261432733.SGD":"Fidelity World A-ACC-SGD","LU1116320901.HKD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (HKD) INC","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU2764263203.CNY":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (CNYHDG) ACC","LU2092937148.SGD":"Blackrock ESG Multi-Asset A8 SGD-H","LU2111349929.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (HKD) INC","LU1992135472.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES \"AT\" (HKD) ACC","LU2092627202.USD":"Blackrock ESG Multi-Asset A8 USD-H","LU0203345920.USD":"SCHRODER ISF QEP GLB ACT. VL \"A\" (USD) ACC","LU2077746001.SGD":"Blackrock ESG Multi-Asset A2 SGD-H","LU1153585028.USD":"BGF GLOBAL LONG-HORIZON EQUITY \"A4\" (USD) INC","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","LU1564329628.SGD":"Blackrock Dynamic High Income A2 SGD-H","BK4566":"资本集团","LU0210533765.USD":"JPM GLOBAL GROWTH \"A\" (USD) ACC","LU2764263039.SGD":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (SGDHDG) ACC","LU1674673691.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (USD) INC","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","LU1301847155.USD":"BGF GLOBAL MULTI-ASSET INCOME FUND \"A4G\" (USD) INC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU2456880835.USD":"ALLIANZ GLOBAL INCOME \"AT\" (USD) ACC","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140497679","content_text":"After Amazon.com (AMZN), Meta Platforms, Inc. (META) is also restricting AI usage, highlighting a critical and often overlooked industry conflict: the very logic of AI commercialization is being challenged by the soaring costs it generates.\nAccording to reports, Meta sent an internal memo to approximately 6,000 employees this week, announcing it will set caps on employee token usage and build a real-time tracking platform to curb the exponential growth of internal AI costs.\nThe memo stated that Meta's internal AI usage alone is projected to cost tens of billions of dollars by 2026. This move comes after Meta previously encouraged employees to integrate AI tools into their daily workflows, a strategy it is now forced to abruptly reverse.\nConcurrently, reports indicate OpenAI is considering significant token price cuts to attract enterprise clients. Meanwhile, the Silicon Data LLM Token Spending Index, which reflects market willingness to pay for AI, has fallen for seven consecutive trading days—its longest losing streak since January this year.\nThese combined signals have rapidly heightened market skepticism about the sustainability of AI commercialization. For investors, the core question is no longer whether AI demand exists, but rather: when tech giants themselves start scrutinizing their token bills, how much profit margin remains for the large AI model providers?\nThe Uncontrolled Token Bill: Meta's Internal \"Spending Spree\"\nThe direct catalyst for Meta tightening AI usage was a frenzy of token consumption fueled by internal incentives.\nLast November, Meta explicitly told employees that demonstrating \"AI-driven work results\" would be a \"core performance requirement\" this year, with top performers receiving rewards. This directive led to an unintended consequence this spring: some employees engaged in a competition dubbed \"tokenmaxxing,\" vying for spots on an internal leaderboard called \"Claudeonomics,\" which ranked the top 250 employees by token usage.\nInternal data shows employees consumed 60.2 trillion tokens in a 30-day period, with the figure later climbing to 73.7 trillion, leading to the leaderboard being taken down. Some employees reportedly instructed AI agents to run multiple tasks simultaneously to artificially inflate token consumption.\nMeta's Chief Technology Officer Andrew Bosworth warned in an April memo that \"nobody should be using AI just to use AI,\" stressing that \"Token usage is not a measure of impact in any sense.\" However, mere warnings proved insufficient to halt the rising costs.\nSystematic Response: The AI Gateway and Internal Tool Substitution\nFaced with runaway spending, Meta is implementing a systematic cost-control mechanism.\nAccording to the internal memo, Meta has built a central dashboard called \"AI Gateway\" for real-time monitoring of company-wide AI usage and expenditure, with plans to add automated alerts for abnormal consumption spikes. The company intends to roll out these control tools to a broader employee base in the coming weeks and establish a more structured token budget allocation system by 2027.\nSimultaneously, Meta is pushing employees to shift from third-party AI tools to in-house solutions. Its new Applied AI Engineering department is tasking engineers with improving the internal coding assistant MetaCode (formerly Devmate), aiming to reduce reliance on Anthropic's Claude, which is currently the primary tool for Meta's engineers in coding work.\nIt's noted that Meta is not completely blocking access to third-party models; employees can still use tools from OpenAI, Anthropic, and Google, but internal tools will be explicitly prioritized.\nIndustry Echo: Major Tech Firms Hitting the Brakes\nMeta is not alone. Token bill pressures are resonating across the tech industry.\nReports indicate Amazon recently shut down an internal AI leaderboard because employees were performing unnecessary operations to \"boost scores,\" causing a sharp rise in compute costs. Amazon has also begun using a metric called \"standardized deployment\" to evaluate whether engineers regularly use AI to generate useful code, rather than simply measuring token consumption.\nFurthermore, reports suggest Uber and ServiceNow exhausted their annual budgets for Anthropic tools early in 2026. ServiceNow is also monitoring daily employee usage to track and compress costs. Venture capital firms are setting AI usage caps for employees due to daily token fees often reaching thousands of dollars.\nAgainst this backdrop, rumors of OpenAI's price cuts carry deeper significance.\nReports state OpenAI is considering significant reductions in token fees charged to users, partly to get ahead of potential similar moves by Anthropic.\nOpenAI's CEO Sam Altman recently acknowledged that AI usage costs are \"a huge problem\" and stated the company would \"help people get more value for less money.\"\nThe timing of this statement is notable—OpenAI has confidentially filed for an IPO this week, and Anthropic is also on a countdown to its public listing. While price cuts can help win enterprise clients, they directly erode profit margins for both companies, which are currently losing billions due to the massive compute power required for their AI systems.\nToken Index Decline: What is the Market Repricing?\nCapital markets are already feeling the chill.\nThe Silicon Data LLM Token Spending Index has fallen for seven consecutive trading days as of June 11, marking its longest losing streak since January, with declines recorded in 11 of the past 12 days.\nThis index measures the average payment level per million tokens used across the market. It more than doubled since December last year and continued climbing until May 2026 before sharply reversing course.\nA macro strategist described this chart as \"the single most important chart in the entire market right now,\" warning that if token pricing continues to weaken, the trading logic for related investments from memory to broader hardware and data centers in this cycle could face an end.\nWall Street interpretations vary. JPMorgan characterizes the current trend as a \"minimal speed bump,\" while Citadel points out that the core constraint for AI adoption has shifted from \"the most capable model\" to \"cost and scarcity,\" with users accelerating their migration to cheaper models.\nBehind this divergence lies a more fundamental valuation question: Is the decline in token consumption a signal of peak AI demand, or the result of users rationally choosing lower-cost models? The answer will directly impact capital expenditure expectations and valuation logic for companies like Nvidia, cloud providers, and the entire AI hardware supply chain.\nA Turning Point for the Commercial Narrative\nFrom a broader perspective, Meta's move to restrict AI usage reflects a deeper shift in the generative AI commercialization narrative.\nOver the past three years, the AI industry has undergone a three-stage evolution: from subsidizing users to gain adoption, to monthly subscriptions hiding costs, to per-token billing triggering an enterprise bill crisis. Now, as the growth narrative of \"more token consumption is better\" reaches its limit, the industry faces not just a pricing decision, but a more fundamental challenge of business model reconstruction.\nMeta is investing a massive annual capital expenditure, partly to expand AI infrastructure including data centers, AI chips, and talent recruitment. Simultaneously, the company faces pressure from investors to generate visible returns from its enormous AI investments—Meta has already launched paid subscription tiers in Facebook, Instagram, and WhatsApp and plans to charge businesses using its AI business agents.\nHowever, if even Meta's internal AI usage costs have become unsustainable, the profitability prospects of its enterprise AI agent business also face scrutiny. For the entire industry, how to tell the next chapter of the commercialization story remains an unanswered question.","news_type":1,"symbols_score_info":{"META":1,"AMZY":1,"FBY":1,"METU":1,"FBYY":1,"FBL":1,"AMZW":1,"AMZD":1,"AMZU":1,"AMZN":1,"USAW.SI":1,"METW":1,"AZYY":1,"AMZZ":1,"METD":1,"AMZP":1}},"isVote":1,"tweetType":1,"viewCount":75,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":573833561872072,"gmtCreate":1781104382513,"gmtModify":1781104385688,"author":{"id":"4135831911794872","authorId":"4135831911794872","name":"AT69","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":13,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4135831911794872","idStr":"4135831911794872"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$ </a> Seems quite hopeless..let it crash another 50%","listText":"<a href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$ </a> Seems quite hopeless..let it crash another 50%","text":"$Meta Platforms, Inc.(META)$ Seems quite hopeless..let it crash another 50%","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/573833561872072","isVote":1,"tweetType":1,"viewCount":279,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":570850439562848,"gmtCreate":1780399526703,"gmtModify":1780401092345,"author":{"id":"4135831911794872","authorId":"4135831911794872","name":"AT69","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":13,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4135831911794872","idStr":"4135831911794872"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$ </a> zuckerberg better buck up..else they may drop out from Mag 7 soon..","listText":"<a href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$ </a> zuckerberg better buck up..else they may drop out from Mag 7 soon..","text":"$Meta Platforms, Inc.(META)$ zuckerberg better buck up..else they may drop out from Mag 7 soon..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/570850439562848","isVote":1,"tweetType":1,"viewCount":465,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":562059431735416,"gmtCreate":1778253239519,"gmtModify":1778254702403,"author":{"id":"4135831911794872","authorId":"4135831911794872","name":"AT69","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":13,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4135831911794872","idStr":"4135831911794872"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$ </a> Mark zuckerberg only have himself to blame..let the price plunge another 50%","listText":"<a href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$ </a> Mark zuckerberg only have himself to blame..let the price plunge another 50%","text":"$Meta Platforms, Inc.(META)$ Mark zuckerberg only have himself to blame..let the price plunge another 50%","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/562059431735416","isVote":1,"tweetType":1,"viewCount":974,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":562057435521656,"gmtCreate":1778252846643,"gmtModify":1778252849650,"author":{"id":"4135831911794872","authorId":"4135831911794872","name":"AT69","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":13,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4135831911794872","idStr":"4135831911794872"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$ </a> Looks like everyone is dumping this stock..","listText":"<a href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$ </a> Looks like everyone is dumping this stock..","text":"$Meta Platforms, Inc.(META)$ Looks like everyone is dumping this stock..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/562057435521656","isVote":1,"tweetType":1,"viewCount":643,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":529548091040736,"gmtCreate":1770305765424,"gmtModify":1770305768882,"author":{"id":"4135831911794872","authorId":"4135831911794872","name":"AT69","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":13,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4135831911794872","idStr":"4135831911794872"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/GOOG\">$Alphabet(GOOG)$ </a>Are we seeing start of market meltdown ? ","listText":"<a href=\"https://ttm.financial/S/GOOG\">$Alphabet(GOOG)$ </a>Are we seeing start of market meltdown ? ","text":"$Alphabet(GOOG)$ Are we seeing start of market meltdown ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/529548091040736","isVote":1,"tweetType":1,"viewCount":1349,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":529545639826768,"gmtCreate":1770305178889,"gmtModify":1770305182452,"author":{"id":"4135831911794872","authorId":"4135831911794872","name":"AT69","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":13,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4135831911794872","idStr":"4135831911794872"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/MSFT\">$Microsoft(MSFT)$ </a> Markets plunging everyday..hope the selldown will end soon","listText":"<a href=\"https://ttm.financial/S/MSFT\">$Microsoft(MSFT)$ </a> Markets plunging everyday..hope the selldown will end soon","text":"$Microsoft(MSFT)$ Markets plunging everyday..hope the selldown will end soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/529545639826768","isVote":1,"tweetType":1,"viewCount":1014,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":529189959504552,"gmtCreate":1770218933352,"gmtModify":1770218936735,"author":{"id":"4135831911794872","authorId":"4135831911794872","name":"AT69","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":13,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4135831911794872","idStr":"4135831911794872"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/MSFT\">$Microsoft(MSFT)$ </a> Those who short the stock are scrambling to cover their positions","listText":"<a href=\"https://ttm.financial/S/MSFT\">$Microsoft(MSFT)$ </a> Those who short the stock are scrambling to cover their positions","text":"$Microsoft(MSFT)$ Those who short the stock are scrambling to cover their positions","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":2,"link":"https://ttm.financial/post/529189959504552","isVote":1,"tweetType":1,"viewCount":1879,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":521721971736888,"gmtCreate":1768408646413,"gmtModify":1768408649863,"author":{"id":"4135831911794872","authorId":"4135831911794872","name":"AT69","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":13,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4135831911794872","idStr":"4135831911794872"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$ </a> Maybe meta will slip to 500","listText":"<a href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$ </a> Maybe meta will slip to 500","text":"$Meta Platforms, Inc.(META)$ Maybe meta will slip to 500","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/521721971736888","isVote":1,"tweetType":1,"viewCount":2297,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":475720856907824,"gmtCreate":1757170224312,"gmtModify":1757170229593,"author":{"id":"4135831911794872","authorId":"4135831911794872","name":"AT69","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":13,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4135831911794872","idStr":"4135831911794872"},"themes":[],"title":"","htmlText":"Options trading is a very important tool that helps hedge risk and provide additional source of income (eg by selling options). However, there is a myraid of strategies involved on buying and selling of call and put options. Example include selling covered call or cash secured puts, straddle, jade lizard etc. I hope to learn more about options trading.","listText":"Options trading is a very important tool that helps hedge risk and provide additional source of income (eg by selling options). However, there is a myraid of strategies involved on buying and selling of call and put options. Example include selling covered call or cash secured puts, straddle, jade lizard etc. I hope to learn more about options trading.","text":"Options trading is a very important tool that helps hedge risk and provide additional source of income (eg by selling options). However, there is a myraid of strategies involved on buying and selling of call and put options. Example include selling covered call or cash secured puts, straddle, jade lizard etc. I hope to learn more about options trading.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/475720856907824","isVote":1,"tweetType":1,"viewCount":2274,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":472452597121824,"gmtCreate":1756380656073,"gmtModify":1756380658793,"author":{"id":"4135831911794872","authorId":"4135831911794872","name":"AT69","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":13,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4135831911794872","idStr":"4135831911794872"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/03690\">$MEITUAN-W(03690)$ </a> Can buy if it drops to below 90","listText":"<a href=\"https://ttm.financial/S/03690\">$MEITUAN-W(03690)$ </a> Can buy if it drops to below 90","text":"$MEITUAN-W(03690)$ Can buy if it drops to below 90","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/472452597121824","isVote":1,"tweetType":1,"viewCount":2690,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":459861801025920,"gmtCreate":1753279363834,"gmtModify":1753279366694,"author":{"id":"4135831911794872","authorId":"4135831911794872","name":"AT69","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":13,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4135831911794872","idStr":"4135831911794872"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$ </a> still lacklustre price action","listText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$ </a> still lacklustre price action","text":"$Alibaba(BABA)$ still lacklustre price action","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/459861801025920","isVote":1,"tweetType":1,"viewCount":2672,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":459849386766824,"gmtCreate":1753277716210,"gmtModify":1753277719054,"author":{"id":"4135831911794872","authorId":"4135831911794872","name":"AT69","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":13,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4135831911794872","idStr":"4135831911794872"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/PDD\">$PDD Holdings Inc(PDD)$ </a> This stock is flying..","listText":"<a href=\"https://ttm.financial/S/PDD\">$PDD Holdings Inc(PDD)$ </a> This stock is flying..","text":"$PDD Holdings Inc(PDD)$ This stock is flying..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/459849386766824","isVote":1,"tweetType":1,"viewCount":1976,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":449874295406888,"gmtCreate":1750859111256,"gmtModify":1750859114311,"author":{"id":"4135831911794872","authorId":"4135831911794872","name":"AT69","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":13,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4135831911794872","idStr":"4135831911794872"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/PDD\">$PDD Holdings Inc(PDD)$ </a> Well done..share price will go highrt than baba soon","listText":"<a href=\"https://ttm.financial/S/PDD\">$PDD Holdings Inc(PDD)$ </a> Well done..share price will go highrt than baba soon","text":"$PDD Holdings Inc(PDD)$ Well done..share price will go highrt than baba soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/449874295406888","isVote":1,"tweetType":1,"viewCount":2231,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":446722780942808,"gmtCreate":1750084230779,"gmtModify":1750084233654,"author":{"id":"4135831911794872","authorId":"4135831911794872","name":"AT69","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":13,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4135831911794872","idStr":"4135831911794872"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$ </a> Finally, baba rebounded..lets hope it continue its ascent from here","listText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$ </a> Finally, baba rebounded..lets hope it continue its ascent from here","text":"$Alibaba(BABA)$ Finally, baba rebounded..lets hope it continue its ascent from here","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/446722780942808","isVote":1,"tweetType":1,"viewCount":2571,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":445641473696520,"gmtCreate":1749823136831,"gmtModify":1749823140068,"author":{"id":"4135831911794872","authorId":"4135831911794872","name":"AT69","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":13,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4135831911794872","idStr":"4135831911794872"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$ </a> Its been down for almost 5 to 6 consecutive days. Hope to see the light at the end of tunnel soon..","listText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$ </a> Its been down for almost 5 to 6 consecutive days. Hope to see the light at the end of tunnel soon..","text":"$Alibaba(BABA)$ Its been down for almost 5 to 6 consecutive days. Hope to see the light at the end of tunnel soon..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/445641473696520","isVote":1,"tweetType":1,"viewCount":1801,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":445024198488216,"gmtCreate":1749651734159,"gmtModify":1749651754655,"author":{"id":"4135831911794872","authorId":"4135831911794872","name":"AT69","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":13,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4135831911794872","idStr":"4135831911794872"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$ </a> Baba has strong fundamentals but seems like institutional investors are dumping the stock","listText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$ </a> Baba has strong fundamentals but seems like institutional investors are dumping the stock","text":"$Alibaba(BABA)$ Baba has strong fundamentals but seems like institutional investors are dumping the stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/445024198488216","isVote":1,"tweetType":1,"viewCount":2576,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":444932038607344,"gmtCreate":1749650380860,"gmtModify":1749650385126,"author":{"id":"4135831911794872","authorId":"4135831911794872","name":"AT69","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":13,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4135831911794872","idStr":"4135831911794872"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$ </a> Seems running out of steam","listText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$ </a> Seems running out of steam","text":"$Alibaba(BABA)$ Seems running out of steam","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/444932038607344","isVote":1,"tweetType":1,"viewCount":1821,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":440620515557704,"gmtCreate":1748612018956,"gmtModify":1748612021754,"author":{"id":"4135831911794872","authorId":"4135831911794872","name":"AT69","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":13,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4135831911794872","idStr":"4135831911794872"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$ </a> selling continues unabated","listText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$ </a> selling continues unabated","text":"$Alibaba(BABA)$ selling continues unabated","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/440620515557704","isVote":1,"tweetType":1,"viewCount":2419,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":521721971736888,"gmtCreate":1768408646413,"gmtModify":1768408649863,"author":{"id":"4135831911794872","authorId":"4135831911794872","name":"AT69","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":13,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4135831911794872","authorIdStr":"4135831911794872"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$ </a> Maybe meta will slip to 500","listText":"<a href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$ </a> Maybe meta will slip to 500","text":"$Meta Platforms, Inc.(META)$ Maybe meta will slip to 500","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/521721971736888","isVote":1,"tweetType":1,"viewCount":2297,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":529189959504552,"gmtCreate":1770218933352,"gmtModify":1770218936735,"author":{"id":"4135831911794872","authorId":"4135831911794872","name":"AT69","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":13,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4135831911794872","authorIdStr":"4135831911794872"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/MSFT\">$Microsoft(MSFT)$ </a> Those who short the stock are scrambling to cover their positions","listText":"<a href=\"https://ttm.financial/S/MSFT\">$Microsoft(MSFT)$ </a> Those who short the stock are scrambling to cover their positions","text":"$Microsoft(MSFT)$ Those who short the stock are scrambling to cover their positions","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":2,"link":"https://ttm.financial/post/529189959504552","isVote":1,"tweetType":1,"viewCount":1879,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":435427411497616,"gmtCreate":1747323246847,"gmtModify":1747323249665,"author":{"id":"4135831911794872","authorId":"4135831911794872","name":"AT69","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":13,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4135831911794872","authorIdStr":"4135831911794872"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$ </a> Missed estimates by only 0.3% and selldown by 8%. Atrocious!!!","listText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$ </a> Missed estimates by only 0.3% and selldown by 8%. Atrocious!!!","text":"$Alibaba(BABA)$ Missed estimates by only 0.3% and selldown by 8%. Atrocious!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":2,"link":"https://ttm.financial/post/435427411497616","isVote":1,"tweetType":1,"viewCount":1787,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3553687081272972","authorId":"3553687081272972","name":"屁屁鬼","avatar":"https://community-static.tradeup.com/news/35ba5facdf6bce8a1244e9cc2b4cee58","crmLevel":12,"crmLevelSwitch":0,"idStr":"3553687081272972","authorIdStr":"3553687081272972"},"content":"Sometimes beat estimate also sell down. If you are on the fundamental, no need to be worry. Buy more","text":"Sometimes beat estimate also sell down. If you are on the fundamental, no need to be worry. Buy more","html":"Sometimes beat estimate also sell down. If you are on the fundamental, no need to be worry. Buy more"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":570850439562848,"gmtCreate":1780399526703,"gmtModify":1780401092345,"author":{"id":"4135831911794872","authorId":"4135831911794872","name":"AT69","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":13,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4135831911794872","authorIdStr":"4135831911794872"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$ </a> zuckerberg better buck up..else they may drop out from Mag 7 soon..","listText":"<a href=\"https://ttm.financial/S/META\">$Meta Platforms, Inc.(META)$ </a> zuckerberg better buck up..else they may drop out from Mag 7 soon..","text":"$Meta Platforms, Inc.(META)$ zuckerberg better buck up..else they may drop out from Mag 7 soon..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/570850439562848","isVote":1,"tweetType":1,"viewCount":465,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":435340625023504,"gmtCreate":1747302254284,"gmtModify":1747302257492,"author":{"id":"4135831911794872","authorId":"4135831911794872","name":"AT69","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":13,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4135831911794872","authorIdStr":"4135831911794872"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$ </a> Earnings miss estimates?","listText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$ </a> Earnings miss estimates?","text":"$Alibaba(BABA)$ Earnings miss estimates?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/435340625023504","isVote":1,"tweetType":1,"viewCount":2128,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":434690774368856,"gmtCreate":1747145050789,"gmtModify":1747145053849,"author":{"id":"4135831911794872","authorId":"4135831911794872","name":"AT69","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":13,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4135831911794872","authorIdStr":"4135831911794872"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$ </a><v-v data-views=\"1\"></v-v> Baba price movement appear sluggish..hope it is not due to upcoming poor earnings results","listText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$ </a><v-v data-views=\"1\"></v-v> Baba price movement appear sluggish..hope it is not due to upcoming poor earnings results","text":"$Alibaba(BABA)$ Baba price movement appear sluggish..hope it is not due to upcoming poor earnings results","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/434690774368856","isVote":1,"tweetType":1,"viewCount":1629,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":440318303289536,"gmtCreate":1748526844398,"gmtModify":1748526847590,"author":{"id":"4135831911794872","authorId":"4135831911794872","name":"AT69","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":13,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4135831911794872","authorIdStr":"4135831911794872"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$ </a> Now it is trading below Hk mkt..short selling to weed out weak buyers?","listText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$ </a> Now it is trading below Hk mkt..short selling to weed out weak buyers?","text":"$Alibaba(BABA)$ Now it is trading below Hk mkt..short selling to weed out weak buyers?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/440318303289536","isVote":1,"tweetType":1,"viewCount":1632,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":431332331913216,"gmtCreate":1746328779915,"gmtModify":1746328782772,"author":{"id":"4135831911794872","authorId":"4135831911794872","name":"AT69","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":13,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4135831911794872","authorIdStr":"4135831911794872"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$ </a> baba delisting again ?","listText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$ </a> baba delisting again ?","text":"$Alibaba(BABA)$ baba delisting again ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/431332331913216","isVote":1,"tweetType":1,"viewCount":2108,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3567497553453071","authorId":"3567497553453071","name":"NFTGR","avatar":"https://static.tigerbbs.com/ab47367525b6e6b9c6093ea906b80889","crmLevel":12,"crmLevelSwitch":1,"idStr":"3567497553453071","authorIdStr":"3567497553453071"},"content":"those delisted like Didiy still survives. some got dual listing also..","text":"those delisted like Didiy still survives. some got dual listing also..","html":"those delisted like Didiy still survives. some got dual listing also.."},{"author":{"id":"3567497553453071","authorId":"3567497553453071","name":"NFTGR","avatar":"https://static.tigerbbs.com/ab47367525b6e6b9c6093ea906b80889","crmLevel":12,"crmLevelSwitch":1,"idStr":"3567497553453071","authorIdStr":"3567497553453071"},"content":"luckin coffee survives after delisted also.","text":"luckin coffee survives after delisted also.","html":"luckin coffee survives after delisted also."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":440250409128384,"gmtCreate":1748526932413,"gmtModify":1748526936320,"author":{"id":"4135831911794872","authorId":"4135831911794872","name":"AT69","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":13,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4135831911794872","authorIdStr":"4135831911794872"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$ </a> Now it is trading below HK mkt price. Short selling at work to weed out weak buyers?","listText":"<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$ </a> Now it is trading below HK mkt price. Short selling at work to weed out weak buyers?","text":"$Alibaba(BABA)$ Now it is trading below HK mkt price. Short selling at work to weed out weak buyers?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/440250409128384","isVote":1,"tweetType":1,"viewCount":1766,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":575124525166832,"gmtCreate":1781419602641,"gmtModify":1781427246937,"author":{"id":"4135831911794872","authorId":"4135831911794872","name":"AT69","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":13,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4135831911794872","authorIdStr":"4135831911794872"},"themes":[],"title":"","htmlText":"Pls do some soul searching and dont squander your fortunes away","listText":"Pls do some soul searching and dont squander your fortunes away","text":"Pls do some soul searching and dont squander your fortunes away","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/575124525166832","repostId":"1140497679","repostType":2,"repost":{"id":"1140497679","kind":"news","weMediaInfo":{"introduction":"Global Stock Market Deep Analysis","home_visible":1,"media_name":"Deep News","id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"pubTimestamp":1781351372,"share":"https://ttm.financial/m/news/1140497679?lang=en_US&edition=fundamental","pubTime":"2026-06-13 19:49","market":"hk","language":"en","title":"Following Amazon, Meta Imposes Limits on AI Usage. As Tech Giants Reel from Token Costs, Should AI Model Leaders Focus on Profit Margins?","url":"https://stock-news.laohu8.com/highlight/detail?id=1140497679","media":"Deep News","summary":"After Amazon.com (AMZN), Meta Platforms, Inc. (META) is also restricting AI usage, highlighting a critical and often overlooked industry conflict: the very logic of AI commercialization is being...","content":"<p>After <b>Amazon.com</b> (<b>AMZN</b>), <b>Meta Platforms, Inc.</b> (<b>META</b>) is also restricting AI usage, highlighting a critical and often overlooked industry conflict: the very logic of AI commercialization is being challenged by the soaring costs it generates.<br><br>\nAccording to reports, Meta sent an internal memo to approximately 6,000 employees this week, announcing it will set caps on employee token usage and build a real-time tracking platform to curb the exponential growth of internal AI costs.<br><br>\nThe memo stated that Meta's internal AI usage alone is projected to cost tens of billions of dollars by 2026. This move comes after Meta previously encouraged employees to integrate AI tools into their daily workflows, a strategy it is now forced to abruptly reverse.<br><br>\nConcurrently, reports indicate OpenAI is considering significant token price cuts to attract enterprise clients. Meanwhile, the Silicon Data LLM Token Spending Index, which reflects market willingness to pay for AI, has fallen for seven consecutive trading days—its longest losing streak since January this year.<br><br>\nThese combined signals have rapidly heightened market skepticism about the sustainability of AI commercialization. For investors, the core question is no longer whether AI demand exists, but rather: when tech giants themselves start scrutinizing their token bills, how much profit margin remains for the large AI model providers?<br><br>\n<b>The Uncontrolled Token Bill: Meta's Internal \"Spending Spree\"</b><br><br>\nThe direct catalyst for Meta tightening AI usage was a frenzy of token consumption fueled by internal incentives.<br><br>\nLast November, Meta explicitly told employees that demonstrating \"AI-driven work results\" would be a \"core performance requirement\" this year, with top performers receiving rewards. This directive led to an unintended consequence this spring: some employees engaged in a competition dubbed \"tokenmaxxing,\" vying for spots on an internal leaderboard called \"Claudeonomics,\" which ranked the top 250 employees by token usage.<br><br>\nInternal data shows employees consumed 60.2 trillion tokens in a 30-day period, with the figure later climbing to 73.7 trillion, leading to the leaderboard being taken down. Some employees reportedly instructed AI agents to run multiple tasks simultaneously to artificially inflate token consumption.<br><br>\nMeta's Chief Technology Officer Andrew Bosworth warned in an April memo that \"nobody should be using AI just to use AI,\" stressing that \"Token usage is not a measure of impact in any sense.\" However, mere warnings proved insufficient to halt the rising costs.<br><br>\n<b>Systematic Response: The AI Gateway and Internal Tool Substitution</b><br><br>\nFaced with runaway spending, Meta is implementing a systematic cost-control mechanism.<br><br>\nAccording to the internal memo, Meta has built a central dashboard called \"AI Gateway\" for real-time monitoring of company-wide AI usage and expenditure, with plans to add automated alerts for abnormal consumption spikes. The company intends to roll out these control tools to a broader employee base in the coming weeks and establish a more structured token budget allocation system by 2027.<br><br>\nSimultaneously, Meta is pushing employees to shift from third-party AI tools to in-house solutions. Its new Applied AI Engineering department is tasking engineers with improving the internal coding assistant MetaCode (formerly Devmate), aiming to reduce reliance on Anthropic's Claude, which is currently the primary tool for Meta's engineers in coding work.<br><br>\nIt's noted that Meta is not completely blocking access to third-party models; employees can still use tools from OpenAI, Anthropic, and Google, but internal tools will be explicitly prioritized.<br><br>\n<b>Industry Echo: Major Tech Firms Hitting the Brakes</b><br><br>\nMeta is not alone. Token bill pressures are resonating across the tech industry.<br><br>\nReports indicate Amazon recently shut down an internal AI leaderboard because employees were performing unnecessary operations to \"boost scores,\" causing a sharp rise in compute costs. Amazon has also begun using a metric called \"standardized deployment\" to evaluate whether engineers regularly use AI to generate useful code, rather than simply measuring token consumption.<br><br>\nFurthermore, reports suggest Uber and ServiceNow exhausted their annual budgets for Anthropic tools early in 2026. ServiceNow is also monitoring daily employee usage to track and compress costs. Venture capital firms are setting AI usage caps for employees due to daily token fees often reaching thousands of dollars.<br><br>\nAgainst this backdrop, rumors of OpenAI's price cuts carry deeper significance.<br><br>\nReports state OpenAI is considering significant reductions in token fees charged to users, partly to get ahead of potential similar moves by Anthropic.<br><br>\nOpenAI's CEO Sam Altman recently acknowledged that AI usage costs are \"a huge problem\" and stated the company would \"help people get more value for less money.\"<br><br>\nThe timing of this statement is notable—OpenAI has confidentially filed for an IPO this week, and Anthropic is also on a countdown to its public listing. While price cuts can help win enterprise clients, they directly erode profit margins for both companies, which are currently losing billions due to the massive compute power required for their AI systems.<br><br>\n<b>Token Index Decline: What is the Market Repricing?</b><br><br>\nCapital markets are already feeling the chill.<br><br>\nThe Silicon Data LLM Token Spending Index has fallen for seven consecutive trading days as of June 11, marking its longest losing streak since January, with declines recorded in 11 of the past 12 days.<br><br>\nThis index measures the average payment level per million tokens used across the market. It more than doubled since December last year and continued climbing until May 2026 before sharply reversing course.<br><br>\nA macro strategist described this chart as \"the single most important chart in the entire market right now,\" warning that if token pricing continues to weaken, the trading logic for related investments from memory to broader hardware and data centers in this cycle could face an end.<br><br>\nWall Street interpretations vary. JPMorgan characterizes the current trend as a \"minimal speed bump,\" while Citadel points out that the core constraint for AI adoption has shifted from \"the most capable model\" to \"cost and scarcity,\" with users accelerating their migration to cheaper models.<br><br>\nBehind this divergence lies a more fundamental valuation question: Is the decline in token consumption a signal of peak AI demand, or the result of users rationally choosing lower-cost models? The answer will directly impact capital expenditure expectations and valuation logic for companies like Nvidia, cloud providers, and the entire AI hardware supply chain.<br><br>\n<b>A Turning Point for the Commercial Narrative</b><br><br>\nFrom a broader perspective, Meta's move to restrict AI usage reflects a deeper shift in the generative AI commercialization narrative.<br><br>\nOver the past three years, the AI industry has undergone a three-stage evolution: from subsidizing users to gain adoption, to monthly subscriptions hiding costs, to per-token billing triggering an enterprise bill crisis. Now, as the growth narrative of \"more token consumption is better\" reaches its limit, the industry faces not just a pricing decision, but a more fundamental challenge of business model reconstruction.<br><br>\nMeta is investing a massive annual capital expenditure, partly to expand AI infrastructure including data centers, AI chips, and talent recruitment. Simultaneously, the company faces pressure from investors to generate visible returns from its enormous AI investments—Meta has already launched paid subscription tiers in Facebook, Instagram, and WhatsApp and plans to charge businesses using its AI business agents.<br><br>\nHowever, if even Meta's internal AI usage costs have become unsustainable, the profitability prospects of its enterprise AI agent business also face scrutiny. For the entire industry, how to tell the next chapter of the commercialization story remains an unanswered question.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Following Amazon, Meta Imposes Limits on AI Usage. As Tech Giants Reel from Token Costs, Should AI Model Leaders Focus on Profit Margins?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFollowing Amazon, Meta Imposes Limits on AI Usage. As Tech Giants Reel from Token Costs, Should AI Model Leaders Focus on Profit Margins?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1039043262\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Deep News </p>\n<p class=\"h-time\">2026-06-13 19:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>After <b>Amazon.com</b> (<b>AMZN</b>), <b>Meta Platforms, Inc.</b> (<b>META</b>) is also restricting AI usage, highlighting a critical and often overlooked industry conflict: the very logic of AI commercialization is being challenged by the soaring costs it generates.<br><br>\nAccording to reports, Meta sent an internal memo to approximately 6,000 employees this week, announcing it will set caps on employee token usage and build a real-time tracking platform to curb the exponential growth of internal AI costs.<br><br>\nThe memo stated that Meta's internal AI usage alone is projected to cost tens of billions of dollars by 2026. This move comes after Meta previously encouraged employees to integrate AI tools into their daily workflows, a strategy it is now forced to abruptly reverse.<br><br>\nConcurrently, reports indicate OpenAI is considering significant token price cuts to attract enterprise clients. Meanwhile, the Silicon Data LLM Token Spending Index, which reflects market willingness to pay for AI, has fallen for seven consecutive trading days—its longest losing streak since January this year.<br><br>\nThese combined signals have rapidly heightened market skepticism about the sustainability of AI commercialization. For investors, the core question is no longer whether AI demand exists, but rather: when tech giants themselves start scrutinizing their token bills, how much profit margin remains for the large AI model providers?<br><br>\n<b>The Uncontrolled Token Bill: Meta's Internal \"Spending Spree\"</b><br><br>\nThe direct catalyst for Meta tightening AI usage was a frenzy of token consumption fueled by internal incentives.<br><br>\nLast November, Meta explicitly told employees that demonstrating \"AI-driven work results\" would be a \"core performance requirement\" this year, with top performers receiving rewards. This directive led to an unintended consequence this spring: some employees engaged in a competition dubbed \"tokenmaxxing,\" vying for spots on an internal leaderboard called \"Claudeonomics,\" which ranked the top 250 employees by token usage.<br><br>\nInternal data shows employees consumed 60.2 trillion tokens in a 30-day period, with the figure later climbing to 73.7 trillion, leading to the leaderboard being taken down. Some employees reportedly instructed AI agents to run multiple tasks simultaneously to artificially inflate token consumption.<br><br>\nMeta's Chief Technology Officer Andrew Bosworth warned in an April memo that \"nobody should be using AI just to use AI,\" stressing that \"Token usage is not a measure of impact in any sense.\" However, mere warnings proved insufficient to halt the rising costs.<br><br>\n<b>Systematic Response: The AI Gateway and Internal Tool Substitution</b><br><br>\nFaced with runaway spending, Meta is implementing a systematic cost-control mechanism.<br><br>\nAccording to the internal memo, Meta has built a central dashboard called \"AI Gateway\" for real-time monitoring of company-wide AI usage and expenditure, with plans to add automated alerts for abnormal consumption spikes. The company intends to roll out these control tools to a broader employee base in the coming weeks and establish a more structured token budget allocation system by 2027.<br><br>\nSimultaneously, Meta is pushing employees to shift from third-party AI tools to in-house solutions. Its new Applied AI Engineering department is tasking engineers with improving the internal coding assistant MetaCode (formerly Devmate), aiming to reduce reliance on Anthropic's Claude, which is currently the primary tool for Meta's engineers in coding work.<br><br>\nIt's noted that Meta is not completely blocking access to third-party models; employees can still use tools from OpenAI, Anthropic, and Google, but internal tools will be explicitly prioritized.<br><br>\n<b>Industry Echo: Major Tech Firms Hitting the Brakes</b><br><br>\nMeta is not alone. Token bill pressures are resonating across the tech industry.<br><br>\nReports indicate Amazon recently shut down an internal AI leaderboard because employees were performing unnecessary operations to \"boost scores,\" causing a sharp rise in compute costs. Amazon has also begun using a metric called \"standardized deployment\" to evaluate whether engineers regularly use AI to generate useful code, rather than simply measuring token consumption.<br><br>\nFurthermore, reports suggest Uber and ServiceNow exhausted their annual budgets for Anthropic tools early in 2026. ServiceNow is also monitoring daily employee usage to track and compress costs. Venture capital firms are setting AI usage caps for employees due to daily token fees often reaching thousands of dollars.<br><br>\nAgainst this backdrop, rumors of OpenAI's price cuts carry deeper significance.<br><br>\nReports state OpenAI is considering significant reductions in token fees charged to users, partly to get ahead of potential similar moves by Anthropic.<br><br>\nOpenAI's CEO Sam Altman recently acknowledged that AI usage costs are \"a huge problem\" and stated the company would \"help people get more value for less money.\"<br><br>\nThe timing of this statement is notable—OpenAI has confidentially filed for an IPO this week, and Anthropic is also on a countdown to its public listing. While price cuts can help win enterprise clients, they directly erode profit margins for both companies, which are currently losing billions due to the massive compute power required for their AI systems.<br><br>\n<b>Token Index Decline: What is the Market Repricing?</b><br><br>\nCapital markets are already feeling the chill.<br><br>\nThe Silicon Data LLM Token Spending Index has fallen for seven consecutive trading days as of June 11, marking its longest losing streak since January, with declines recorded in 11 of the past 12 days.<br><br>\nThis index measures the average payment level per million tokens used across the market. It more than doubled since December last year and continued climbing until May 2026 before sharply reversing course.<br><br>\nA macro strategist described this chart as \"the single most important chart in the entire market right now,\" warning that if token pricing continues to weaken, the trading logic for related investments from memory to broader hardware and data centers in this cycle could face an end.<br><br>\nWall Street interpretations vary. JPMorgan characterizes the current trend as a \"minimal speed bump,\" while Citadel points out that the core constraint for AI adoption has shifted from \"the most capable model\" to \"cost and scarcity,\" with users accelerating their migration to cheaper models.<br><br>\nBehind this divergence lies a more fundamental valuation question: Is the decline in token consumption a signal of peak AI demand, or the result of users rationally choosing lower-cost models? The answer will directly impact capital expenditure expectations and valuation logic for companies like Nvidia, cloud providers, and the entire AI hardware supply chain.<br><br>\n<b>A Turning Point for the Commercial Narrative</b><br><br>\nFrom a broader perspective, Meta's move to restrict AI usage reflects a deeper shift in the generative AI commercialization narrative.<br><br>\nOver the past three years, the AI industry has undergone a three-stage evolution: from subsidizing users to gain adoption, to monthly subscriptions hiding costs, to per-token billing triggering an enterprise bill crisis. Now, as the growth narrative of \"more token consumption is better\" reaches its limit, the industry faces not just a pricing decision, but a more fundamental challenge of business model reconstruction.<br><br>\nMeta is investing a massive annual capital expenditure, partly to expand AI infrastructure including data centers, AI chips, and talent recruitment. Simultaneously, the company faces pressure from investors to generate visible returns from its enormous AI investments—Meta has already launched paid subscription tiers in Facebook, Instagram, and WhatsApp and plans to charge businesses using its AI business agents.<br><br>\nHowever, if even Meta's internal AI usage costs have become unsustainable, the profitability prospects of its enterprise AI agent business also face scrutiny. For the entire industry, how to tell the next chapter of the commercialization story remains an unanswered question.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0080751232.USD":"富达环球多元动力基金A","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0070217475.USD":"JPM GLOBAL SELECT EQUITY \"A\" ACC","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU2404859741.USD":"FUNDSMITH EQUITY FUND \"R\" (USD) INC","BK4561":"索罗斯持仓","LU0957808578.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"ZU\" (USD) ACC","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU2404859667.USD":"FUNDSMITH EQUITY FUND \"R\" (USD) ACC","LU0690374961.EUR":"FUNDSMITH EQUITY \"R\" (EUR) INC","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU0345769631.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) INC","LU0690374615.EUR":"FUNDSMITH EQUITY \"R\" (EUR) ACC","SG9999001077.SGD":"United International Growth Fund SGD","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","LU0345770993.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) INC","LU1868837300.USD":"CT (LUX) I AMERICAN FUND \"9\" (USD) ACC","HK0000304797.USD":"PICTET 战略收益基金 P类 美元","LU2087625088.SGD":"ALLSPRING US ALL CAP GROWTH \"A\" (SGDHDG) ACC","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","LU0061474960.USD":"天利环球焦点基金AU Acc","HK0000304805.HKD":"PICTET 战略收益基金 P类港元","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU1868836914.USD":"CT (LUX) I AMERICAN \"3\" (USD) ACC","LU1868837136.USD":"CT (LUX) I AMERICAN \"8\" (USD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","LU0552385451.USD":"摩根士丹利投资基金-环球机会基金 C","LU1868836591.USD":"CT (LUX) I AMERICAN \"1U\"(USD) ACC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU1868836757.USD":"CT (LUX) I AMERICAN FUND \"2\" (USD) ACC","LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","LU2347655156.SGD":"JPMorgan Investment Funds - Global Income A (icdiv) SGD-H","LU1815333072.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"AUP\" (USD) INC","IE000SO60NU8.SGD":"RQI GLOBAL \"I\" (SGDHDG) ACC A","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","BK4543":"AI","IE000WAW04H5.SGD":"RQI GLOBAL \"I\" (SGD) INC A","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","LU0345768740.USD":"NINETY ONE GSF GLOBAL STRATEGIC MANAGED \"A\" (USD) INC","LU0053666078.USD":"摩根大通基金-美国股票A(离岸)美元","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","LU0082616367.USD":"摩根大通美国科技A(dist)","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","LU1489326972.SGD":"First Eagle Amundi International AHS-MD SGD-H","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","LU1035775433.USD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (USD) INC","SG9999017495.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"B\" (SGD) ACC","LU0949170772.SGD":"Blackrock Global Equity Income A6 SGD-H","LU2272731782.SGD":"Allianz Global Intelligent Cities AM Dis H2-SGD","LU2272731600.USD":"Allianz Global Intelligent Cities AM Dis USD","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","SG9999002232.USD":"Allianz Global High Payout USD","LU1003077747.HKD":"BGF GLOBAL EQUITY INCOME \"A6\" (HKDHDG) INC","BK4592":"伊斯兰概念","SG9999002224.SGD":"Allianz Global High Payout SGD","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU2083900584.USD":"HSBC GIF US INCOME FOCUSED \"AM2\" (USD) INC","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU2242649171.HKD":"FIDELITY FUNDS GLOBAL THEMATIC OPPORTUNITIES \"A\" (HKD) ACC","LU2360032135.SGD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (SGDHDG) INC","LU0079474960.USD":"联博美国增长基金A","LU0738911758.USD":"Blackrock Global Equity Income A6 USD","IE00B3SWFQ91.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) INC","BK4548":"巴美列捷福持仓","LU1934455863.HKD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"A\" (HKD) ACC","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU0949170426.SGD":"Blackrock Global Multi-Asset Income A6 SGD-H","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU0345774391.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) ACC","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU1880398471.USD":"AMUNDI FUNDS GLOBAL EQUITY \"A2\" (USD) ACC","LU1046421795.USD":"富达环球科技A-ACC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","BK4554":"元宇宙及AR概念","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","LU0784384876.USD":"Blackrock Global Multi-Asset Income A6 USD","IE00B775H168.HKD":"JANUS HENDERSON BALANCED \"A5M\" (HKD) INC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU2125154935.USD":"ALLSPRING (LUX) WF GLOBAL EQUITY ENHANCED INCOME \"I\" (USD) INC","LU1670628061.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) INC","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","BK4585":"ETF&股票定投概念","IE00BN29S564.USD":"JANUS HENDERSON BALANCED \"A3\" (USD) INC","LU2211817866.USD":"Allianz Food Security AT Acc USD","LU1670710588.SGD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (SGD) ACC","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","LU1670710661.SGD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (SGD) INC","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","BK4587":"ChatGPT概念","BK4581":"高盛持仓","LU0528227936.USD":"富达环球人口趋势基金A-ACC","LU2065170008.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) INC","LU0238689110.USD":"贝莱德环球动力股票基金","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0345774631.USD":"NINETY ONE GSF AMERICAN FRANCHISE \"A\" (USD) INC","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU2028103732.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AMG\" (USD) INC","BK4596":"哈里斯概念","BK4559":"巴菲特持仓","LU1267930730.SGD":"富兰克林美国机遇基金AS Acc SGD (CPF)","LU2322448791.USD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMG\" (USD) INC","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","LU0342679015.USD":"ALLIANZ GLOBAL EQUITY UNCONSTRAINED \"AT\" (USD) ACC","LU0661504455.SGD":"Blackrock Global Equity Income A5 SGD-H","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","LU2637965513.SGD":"BGF GLOBAL ALLOCATION \"A10\" (SGDHDG) INC","BK4588":"碎股","LU2322448957.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMG\" (HKD) INC","BK4550":"红杉资本持仓","LU0072462426.USD":"贝莱德全球配置 A2","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","BK4579":"人工智能","LU2462591350.SGD":"T ROWE PRICE US LARGE CAP GROWTH EQUITY \"AN\" (SGDHDG) ACC","IE000ITXATA3.USD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (USD) ACC","LU0048584097.USD":"FIDELITY FUNDS GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) INC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","BK4551":"寇图资本持仓","BK4598":"佩洛西持仓","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU0138981039.USD":"FIDELITY FUNDS SUSTAINABLE MULTI ASSET INCOME \"A\" INC","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","IE0009G5SDU7.USD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (USD) INC","IE0001KFT4U8.USD":"FTGF CLEARBRIDGE GLOBAL GROWTH LEADERS \"A\" (USD) INC","LU0203347892.USD":"SCHRODER ISF QEP GLOBAL ACTIVE VALLUE \"A\" (USD) INC AV","LU0133085943.USD":"T ROWE PRICE US BLUE CHIP EQUITY \"A\" ACC","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU0985489474.SGD":"First Eagle Amundi International AHS-C SGD-H","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","LU0878866978.SGD":"First Eagle Amundi International AHS-QD SGD-H","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU0444973449.USD":"CT (LUX) I GLOBAL TECHNOLOGY \"DU\" (USD) ACC","LU0302445910.USD":"SCHRODER ISF GLOBAL CLIMATE CHANGE EQUITY \"A\" ACC","IE000YTNTUN2.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG)INC","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","FBL":"2倍做多META ETF-GraniteShares","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","SGXZ81514606.USD":"大华环球创新基金A Acc USD","LU0174119429.USD":"T ROWE PRICE US LARGE CAP GROWTH EQUITY \"A\" ACC","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","LU0433182093.SGD":"First Eagle Amundi International AS-C SGD","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","LU1564329115.USD":"Blackrock Dynamic High Income A6 USD","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU2420271590.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AT\" (USD) ACC","LU2065171311.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) ACC","LU2065171402.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) INC","LU0068578508.USD":"First Eagle Amundi International Cl AU-C USD","LU1564329461.SGD":"Blackrock Dynamic High Income A6 SGD-H","LU0708994859.HKD":"TEMPLETON GLOBAL \"A\" (HKD) ACC","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1 Acc SGD-H","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"AG\" (USD) ACC","LU0861579265.USD":"联博低波幅策略股票基金A","LU1935042215.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (USD) INC A","HK0000914686.HKD":"GFI Global Select Equity Fund Class A (HKD)","BK4220":"综合零售","BK4524":"宅经济概念","BK4604":"机器人概念","LU2720916845.USD":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (USD) ACC","FBY":"META期权收益策略ETF-YieldMax","IE00BYQQ9H92.USD":"BNY MELLON GLOBAL LEADERS \"A\" (USD) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4527":"明星科技股","FBYY":"GraniteShares YieldBOOST META ETF","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","LU0965509010.AUD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (AUDHDG) INC","LU0354030511.USD":"ALLSPRING U.S. LARGE CAP GROWTH \"I\" (USD) ACC","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","LU1732800096.USD":"摩根大通环球收益基金A (irc)","HK0000914660.USD":"GFI Global Select Equity Fund Class A (USD)","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU1084165304.USD":"FIDELITY WORLD \"A\" (USD) ACC","LU1670711123.USD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (USD) INC","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","LU2275660780.HKD":"SCHRODER ISF GLOBAL CLIMATE CHANGE EQUITY \"A\" (HKD) ACC","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","SG9999018865.SGD":"United Global Quality Growth Fd Cl Dist SGD-H","BK4612":"AI芯片","SGXZ99366536.SGD":"United Global Innovation A Acc SGD-H","LU0312595415.SGD":"Schroder ISF Global Climate Change Equity A Acc SGD","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","LU2999663052.SGD":"T ROWE PRICE GLOBAL FOCUSED GROWTH EQUITY \"A4P\" (SGD) INC","LU0965509101.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","SGXZ51526630.SGD":"大华环球创新基金A Acc SGD","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU1935042488.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (USD) INC","LU1935042991.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (SGDHDG) INC","BK4532":"文艺复兴科技持仓","IE000MB6IJN5.SGD":"RQI GLOBAL \"I\" (SGD) ACC","LU2954938101.SGD":"T ROWE PRICE GLOBAL FOCUSED GROWTH EQUITY \"A8P\" (SGD) INC","LU0203202063.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"A2X\" (USD) ACC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4534":"瑞士信贷持仓","METD":"1倍做空META ETF-Direxion","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","LU0143551892.USD":"T ROWE PRICE GLOBAL FOCUSED GROWTH EQUITY \"A\" (USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2462591277.SGD":"TRP GLOBAL FOCUSED GROWTH EQUITY \"AN\" (SGDHDG) ACC","LU0203201768.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"AX\" (USD) INC","LU1732799900.SGD":"JPMorgan Investment Funds - Global Income A (irc) SGD-H","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","METU":"2倍做多META ETF-Direxion","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0158827781.USD":" ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (USD) ACC","LU1917777945.USD":"安联专题基金Cl AT Acc","BK4535":"淡马锡持仓","LU1699723380.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"AP\" (USD) ACC","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) INC (M)","BK4538":"云计算","METW":"Roundhill META WeeklyPay™ ETF","LU0149725797.USD":"汇丰美国股市经济规模基金","HK0000532082.HKD":"ALLIANZ SELECTION INCOME AND GROWTH \"AM\" (HKD) INC","META":"Meta Platforms, Inc.","LU0882574139.USD":"富达环球消费行业基金A ACC","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","SG9999015978.USD":"利安颠覆性创新基金A","IE00BQXX3F31.USD":"GUINNESS GLOBAL INNOVATORS \"C\" (USD) ACC","IE00BQXX3C00.GBP":"GUINNESS GLOBAL INNOVATORS \"C\" (GBP) ACC","LU0784385170.HKD":"BGF GLOBAL MULTI ASSET INCOME \"A6\" (HKDHGD) INC","IE00BQXX3D17.EUR":"GUINNESS GLOBAL INNOVATORS \"C\" (EUR) ACC","IE000BZT7R73.USD":"RQI GLOBAL \"I\" (USD) ACC","LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC","LU0784385840.USD":"Blackrock Global Multi-Asset Income A2 USD","LU1861127337.USD":"ALLIANZ GLOBAL MULTI ASSET SUSTAINABILITY BALANCED \"AMG\" (USD) INC","LU2063271972.USD":"富兰克林创新领域基金","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU1935043536.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (SGDHDG) INC A","LU2764262908.HKD":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (HKD) ACC","LU2347655073.USD":"JPM GLOBAL INCOME \"A\" (USDHDG) INC A","LU0345768153.USD":"NINETY ONE GSF GLOBAL STRATEGIC MANAGED \"A\" (USD) ACC","LU0784383803.USD":"BGF GLOBAL MULTI-ASSET INCOME FUND \"A\" (USD) INC A","LU1037948897.HKD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (HKD) INC","LU0265550359.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A2\" (USD) ACC","LU1815336760.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"AUP\" (USD) INC","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1037948541.HKD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (HKD) ACC","IE000F7OJYX1.SGD":"RQI GLOBAL \"I\" (SGDHDG) INC","SG9999000418.SGD":"Aberdeen Standard Global Technology SGD","IE0000B7K699.USD":"RQI GLOBAL \"I\" (USD) INC","LU1791710582.SGD":"Fidelity Global Demographics A-ACC-SGD (SGD/USD hedged)","LU1883839398.USD":"AMUNDI FUNDS INCOME OPPORTUNITIES \"A2\" (USD) ACC","LU1119994496.HKD":"FIDELITY WORLD \"A\" (HKD) ACC","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","LU0256863902.USD":"ALLIANZ US EQUITY \"AT\" (USD) ACC","LU1791710400.SGD":"Fidelity Global Demographics A-ACC-SGD","BK4507":"流媒体概念","GB00B4QBRK32.GBP":"FUNDSMITH EQUITY \"R\" (GBP) INC","LU0056508442.USD":"贝莱德世界科技基金A2","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","GB00B4LPDJ14.GBP":"FUNDSMITH EQUITY \"R\" (GBP) ACC","IE00B5TLWC47.USD":"BNY MELLON LONG-TERM GLOBAL EQUITY \"B\" (USD) ACC","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","BK4122":"互联网与直销零售","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","BK4503":"景林资产持仓","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","LU0724617625.USD":"BGF GLOBAL ALLOCATION \"A4\" (USD) INC","LU0788109477.HKD":"BGF GLOBAL ALLOCATION \"A2\" (HKDHGD) ACC","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU1235294995.USD":"FIDELITY GLOBAL TECHNOLOGY \"A\" (USDHDG) ACC","LU2125154778.USD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (USD) INC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU2381873111.SGD":"BGF SYSTEMATIC GLOBAL EQUITY HIGH INCOME \"A6\" (SGDHDG) INC","LU1880398554.USD":"AMUNDI FUNDS GLOBAL EQUITY \"A2\" (USD) INC","LU1232071149.USD":"AZ FUND 1 GLOBAL GROWTH SELECTOR \"AAZ\" (USDHDG) ACC","LU2097829019.USD":"AZ EQUITY - BORLETTI GLOBAL LIFESTYLE \"AI\" (USD) ACC","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU1069344957.HKD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (HKD) INC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","LU1267930573.SGD":"TEMPLETON GLOBAL \"AA\" (SGD) ACC A","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","LU0494093205.USD":"贝莱德ESG灵活多元资产A2 USD-H","LU0965509283.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (SGDHDG) INC","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY \"A\" (USD) ACC","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","IE00BFXG0V08.USD":"BNY MELLON GLOBAL LEADERS \"B\" (USD) ACC","LU2317271919.USD":"BGF FUTURE CONSUMER \"A2\" (USD) ACC","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","SG9999014906.USD":"大华全球优质成长基金Acc USD","LU1935043023.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (USD) INC A","IE00B4JS1V06.HKD":"JANUS HENDERSON BALANCED \"A2\" (HKD) ACC","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU2746668461.USD":"MANULIFE DYNAMIC LEADERS \"AA\" (USD) ACC","LU2271345857.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (HKD) ACC","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","AMZN":"亚马逊","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","LU0795875169.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD-H","LU2430703251.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (USD) INC","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU2746668974.SGD":"MANULIFE DYNAMIC LEADERS \"AA\" (SGDHDG) ACC","LU2362540622.SGD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (SGDHDG) ACC","USAW.SI":"AMZN 3xLongSG261006","LU0265550946.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A5\" (USD) INC","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","LU2361044949.HKD":"WELLINGTON US QUALITY GROWTH \"A\" (HKD) ACC","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","LU1201861165.SGD":"Natixis Harris Associates Global Equity PA SGD","LU1127390331.HKD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"A\" (HKD) ACC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","SG9999014880.SGD":"大华全球优质成长基金Acc SGD","LU2462157665.USD":"ALLIANZ GLOBAL INCOME \"A\" (USD) INC","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","LU2361044865.SGD":"WELLINGTON US QUALITY GROWTH \"A\" (SGDHDG) ACC","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0107464264.USD":"abrdn SICAV I - GLOBAL INNOVATION EQUITY \"A\" (USD) ACC","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU2417539215.USD":"ALLIANZ GLOBAL INCOME \"AMF\" (USD) INC","LU2361045086.USD":"WELLINGTON US QUALITY GROWTH \"A\" (USD) ACC","SGXZ31699556.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"C\" (SGDHDG) ACC","LU2272731865.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AM\" (HKD) INC","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","BK4077":"互动媒体与服务","LU2362541273.HKD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (HKD) ACC","LU2168564149.EUR":"AZ ALLOCATION - TREND \"BAZ\" (EUR) ACC","LU2168563687.JPY":"AZ ALLOCATION - TREND \"AAZ\" (JPYHDG) ACC","LU0965508806.USD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (USD) INC","LU2362541513.USD":"WELLINGTON NEXT GENERATION GLOBAL EQUITY \"A\" (USD) ACC","LU2168564065.EUR":"AZ ALLOCATION - TREND \"AAZ\" (EUR) ACC","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","LU0985320562.USD":"NORDEA 1 GLOBAL STARS EQUITY \"BP\" (USD) ACC","LU2168564222.USD":"AZ ALLOCATION - TREND \"AAZ\" (USDHDG) ACC","LU2168564495.EUR":"AZ ALLOCATION - TREND \"AI\" (EUR) ACC","LU2461242641.AUD":"WELLINGTON US QUALITY GROWTH \"A\" (AUDHDG) ACC","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","LU0545039389.USD":"BGF GLOBAL EQUITY INCOME \"A2\" ACC","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2860962120.EUR":"CPR INVEST - ARTIFICIAL INTELLIGENCE \"A2\" (EUR) ACC A","AZYY":"GraniteShares YieldBOOST AMZN ETF","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","LU1697837992.HKD":"BGF DYNAMIC HIGH INCOME \"A6\" (HKDHDG) INC","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","AMZD":"1倍做空AMZN ETF-Direxion","LU1642822529.SGD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"A\" (SGD) ACC","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","LU2471134796.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) INC","LU2473716301.USD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMF\" (USD) INC","AMZP":"KURV YIELD PREMIUM STRATEGY AMAZON (AMZN) ETF","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","LU2463028550.USD":"AB SICAV I AMERICAN MULTI-ASSET PORTFOLIO \"A\" (USD) ACC","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU2023250843.SGD":"Allianz Thematica Cl AT Acc H2-SGD","AMZU":"2倍做多AMZN ETF-Direxion","LU2505996509.AUD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","LU2750360997.AUD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (AUDHDG) INC","AMZW":"Roundhill AMZN WeeklyPay™ ETF","LU2237957902.USD":"NIKKO AM GLOBAL EQUITY \"F\" (USD) ACC","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU2552382215.SGD":"WELLINGTON US BRAND POWER \"A\" (SGDHDG) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0353189763.USD":"ALLSPRING US ALL CAP GROWTH FUND \"I\" (USD) ACC","LU0096362180.USD":"CT (LUX) I GLOBAL FOCUS \"DU\" (USD)","AMZY":"AMZN期权收益策略ETF-YieldMax","LU2471134523.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) ACC","LU2552382058.USD":"WELLINGTON US BRAND POWER \"A\" (USD) ACC","LU2237957811.SGD":"NIKKO AM GLOBAL EQUITY \"F\" (SGD) ACC","LU2471134879.HKD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (HKD) INC","AMZZ":"2倍做多AMZN ETF-GraniteShares","LU2552382132.HKD":"WELLINGTON US BRAND POWER \"A\" (HKD) ACC","LU0795875086.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD","LU0823421333.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) ACC","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","LU1992135399.USD":"Allianz Global Intelligent Cities AT Acc USD","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","LU0823421416.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) INC","LU2543165471.USD":"E FUND (HK) GLOBAL QUALITY GROWTH \"A\" (USD) ACC","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","LU0096364046.USD":"CT (LUX) I AMERICAN \"DU\" (USD) ACC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","LU2247934214.USD":"FIDELITY FUNDS SUSTAINABLE FUTURE CONNECTIVITY \"A\" (USD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","IE0003U64NQ7.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) ACC","LU0109392836.USD":"富兰克林科技股A","IE000KEQY171.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) INC","LU2896262040.SGD":"JPM US GROWTH FUND \"A\" (SGD) ACC","LU0823434583.USD":"BNP PARIBAS US GROWTH \"C\" (USD) ACC","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","LU0210536198.USD":"JPM US GROWTH \"A\" ACC","LU0823434740.USD":"BNP PARIBAS US GROWTH \"C\" (USD) INC","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU1564329032.USD":"BGF DYNAMIC HIGH INCOME \"A2\" (USD) ACC","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU0210528500.USD":"JPM AMERICA EQUITY \"A\" ACC","LU0444971666.USD":"天利全球科技基金","LU1323610961.USD":"UBS (LUX) EQUITY SICAV - LONG TERM THEMES (USD) \"P\" (USD) ACC","LU1267930490.SGD":"TEMPLETON GLOBAL EQUITY INCOME \"AS\" (SGD) INC A","LU0912757837.SGD":"JPMorgan Investment Funds - Global Income A (mth) SGD-H","IE00B4YYXB79.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) ACC","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","LU2487616109.SGD":"JPM AMERICA EQUITY \"A\" (SGD) ACC","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","LU2065169927.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) ACC","LU0289941410.SGD":"AB FCP I Dynamic Diversified AX SGD","LU1670711040.USD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (USD) ACC","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) INC","LU0251132253.USD":"FIDELITY FUNDS GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) ACC","LU1633808545.USD":"ALLIANZ GLOBAL EQUITY GROWTH \"AT\" (USD) ACC","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","IE000W1ABFV2.USD":"PIMCO BALANCED INCOME AND GROWTH \"R\" (USD) INC","LU0251142724.SGD":"Fidelity America A-SGD","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","LU0726765562.USD":"JPM GLOBAL INCOME \"A\" (USD HEDGED) INC","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","LU0476273544.USD":"CT (LUX) I GLOBAL TECHNOLOGY \"BU\" (USD) ACC","LU0553294199.USD":"BGF GLOBAL EQUITY INCOME \"A5G\" (USD) INC","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","LU2242650005.HKD":"FIDELITY FUNDS GLOBAL MULTI ASSET DYNAMIC \"A\" (HKD) ACC","LU0823411888.USD":"法巴消费创新基金 Cap","LU2452424414.USD":"BGF ESG MULTI-ASSET \"A10\" (USDHDG) INC","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD) INC","LU2211815571.USD":"ALLIANZ POSITIVE CHANGE \"AT\" (USD) ACC","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","LU0162691827.USD":"BGF US BASIC VALUE \"A4\" INC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","LU2108987350.USD":"UBS (LUX) EQUITY SICAV GLOBAL OPPORTUNITY SUSTAINABLE (USD) \"P\" (USD) ACC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","LU1934455277.USD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"AD\" (USD) INC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU1989764748.USD":"东方汇理环球颠覆性机遇A2 Acc","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU1934455194.USD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"A\" (USD) ACC","LU1116320737.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (USD) INC","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU2054465674.USD":"UBS (LUX) KEY SELEC SICAV DIGITAL TRANSFORMATION T \"P\" (USD) ACC","LU0215105999.USD":"SCHRODER ISF GLOBAL EQUITY \"A\" ACC","LU2403377893.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AM\" (USD) INC","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU1261432733.SGD":"Fidelity World A-ACC-SGD","LU1116320901.HKD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (HKD) INC","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU2764263203.CNY":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (CNYHDG) ACC","LU2092937148.SGD":"Blackrock ESG Multi-Asset A8 SGD-H","LU2111349929.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (HKD) INC","LU1992135472.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES \"AT\" (HKD) ACC","LU2092627202.USD":"Blackrock ESG Multi-Asset A8 USD-H","LU0203345920.USD":"SCHRODER ISF QEP GLB ACT. VL \"A\" (USD) ACC","LU2077746001.SGD":"Blackrock ESG Multi-Asset A2 SGD-H","LU1153585028.USD":"BGF GLOBAL LONG-HORIZON EQUITY \"A4\" (USD) INC","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","LU1564329628.SGD":"Blackrock Dynamic High Income A2 SGD-H","BK4566":"资本集团","LU0210533765.USD":"JPM GLOBAL GROWTH \"A\" (USD) ACC","LU2764263039.SGD":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (SGDHDG) ACC","LU1674673691.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (USD) INC","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","LU1301847155.USD":"BGF GLOBAL MULTI-ASSET INCOME FUND \"A4G\" (USD) INC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU2456880835.USD":"ALLIANZ GLOBAL INCOME \"AT\" (USD) ACC","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140497679","content_text":"After Amazon.com (AMZN), Meta Platforms, Inc. (META) is also restricting AI usage, highlighting a critical and often overlooked industry conflict: the very logic of AI commercialization is being challenged by the soaring costs it generates.\nAccording to reports, Meta sent an internal memo to approximately 6,000 employees this week, announcing it will set caps on employee token usage and build a real-time tracking platform to curb the exponential growth of internal AI costs.\nThe memo stated that Meta's internal AI usage alone is projected to cost tens of billions of dollars by 2026. This move comes after Meta previously encouraged employees to integrate AI tools into their daily workflows, a strategy it is now forced to abruptly reverse.\nConcurrently, reports indicate OpenAI is considering significant token price cuts to attract enterprise clients. Meanwhile, the Silicon Data LLM Token Spending Index, which reflects market willingness to pay for AI, has fallen for seven consecutive trading days—its longest losing streak since January this year.\nThese combined signals have rapidly heightened market skepticism about the sustainability of AI commercialization. For investors, the core question is no longer whether AI demand exists, but rather: when tech giants themselves start scrutinizing their token bills, how much profit margin remains for the large AI model providers?\nThe Uncontrolled Token Bill: Meta's Internal \"Spending Spree\"\nThe direct catalyst for Meta tightening AI usage was a frenzy of token consumption fueled by internal incentives.\nLast November, Meta explicitly told employees that demonstrating \"AI-driven work results\" would be a \"core performance requirement\" this year, with top performers receiving rewards. This directive led to an unintended consequence this spring: some employees engaged in a competition dubbed \"tokenmaxxing,\" vying for spots on an internal leaderboard called \"Claudeonomics,\" which ranked the top 250 employees by token usage.\nInternal data shows employees consumed 60.2 trillion tokens in a 30-day period, with the figure later climbing to 73.7 trillion, leading to the leaderboard being taken down. Some employees reportedly instructed AI agents to run multiple tasks simultaneously to artificially inflate token consumption.\nMeta's Chief Technology Officer Andrew Bosworth warned in an April memo that \"nobody should be using AI just to use AI,\" stressing that \"Token usage is not a measure of impact in any sense.\" However, mere warnings proved insufficient to halt the rising costs.\nSystematic Response: The AI Gateway and Internal Tool Substitution\nFaced with runaway spending, Meta is implementing a systematic cost-control mechanism.\nAccording to the internal memo, Meta has built a central dashboard called \"AI Gateway\" for real-time monitoring of company-wide AI usage and expenditure, with plans to add automated alerts for abnormal consumption spikes. The company intends to roll out these control tools to a broader employee base in the coming weeks and establish a more structured token budget allocation system by 2027.\nSimultaneously, Meta is pushing employees to shift from third-party AI tools to in-house solutions. Its new Applied AI Engineering department is tasking engineers with improving the internal coding assistant MetaCode (formerly Devmate), aiming to reduce reliance on Anthropic's Claude, which is currently the primary tool for Meta's engineers in coding work.\nIt's noted that Meta is not completely blocking access to third-party models; employees can still use tools from OpenAI, Anthropic, and Google, but internal tools will be explicitly prioritized.\nIndustry Echo: Major Tech Firms Hitting the Brakes\nMeta is not alone. Token bill pressures are resonating across the tech industry.\nReports indicate Amazon recently shut down an internal AI leaderboard because employees were performing unnecessary operations to \"boost scores,\" causing a sharp rise in compute costs. Amazon has also begun using a metric called \"standardized deployment\" to evaluate whether engineers regularly use AI to generate useful code, rather than simply measuring token consumption.\nFurthermore, reports suggest Uber and ServiceNow exhausted their annual budgets for Anthropic tools early in 2026. ServiceNow is also monitoring daily employee usage to track and compress costs. Venture capital firms are setting AI usage caps for employees due to daily token fees often reaching thousands of dollars.\nAgainst this backdrop, rumors of OpenAI's price cuts carry deeper significance.\nReports state OpenAI is considering significant reductions in token fees charged to users, partly to get ahead of potential similar moves by Anthropic.\nOpenAI's CEO Sam Altman recently acknowledged that AI usage costs are \"a huge problem\" and stated the company would \"help people get more value for less money.\"\nThe timing of this statement is notable—OpenAI has confidentially filed for an IPO this week, and Anthropic is also on a countdown to its public listing. While price cuts can help win enterprise clients, they directly erode profit margins for both companies, which are currently losing billions due to the massive compute power required for their AI systems.\nToken Index Decline: What is the Market Repricing?\nCapital markets are already feeling the chill.\nThe Silicon Data LLM Token Spending Index has fallen for seven consecutive trading days as of June 11, marking its longest losing streak since January, with declines recorded in 11 of the past 12 days.\nThis index measures the average payment level per million tokens used across the market. It more than doubled since December last year and continued climbing until May 2026 before sharply reversing course.\nA macro strategist described this chart as \"the single most important chart in the entire market right now,\" warning that if token pricing continues to weaken, the trading logic for related investments from memory to broader hardware and data centers in this cycle could face an end.\nWall Street interpretations vary. JPMorgan characterizes the current trend as a \"minimal speed bump,\" while Citadel points out that the core constraint for AI adoption has shifted from \"the most capable model\" to \"cost and scarcity,\" with users accelerating their migration to cheaper models.\nBehind this divergence lies a more fundamental valuation question: Is the decline in token consumption a signal of peak AI demand, or the result of users rationally choosing lower-cost models? The answer will directly impact capital expenditure expectations and valuation logic for companies like Nvidia, cloud providers, and the entire AI hardware supply chain.\nA Turning Point for the Commercial Narrative\nFrom a broader perspective, Meta's move to restrict AI usage reflects a deeper shift in the generative AI commercialization narrative.\nOver the past three years, the AI industry has undergone a three-stage evolution: from subsidizing users to gain adoption, to monthly subscriptions hiding costs, to per-token billing triggering an enterprise bill crisis. Now, as the growth narrative of \"more token consumption is better\" reaches its limit, the industry faces not just a pricing decision, but a more fundamental challenge of business model reconstruction.\nMeta is investing a massive annual capital expenditure, partly to expand AI infrastructure including data centers, AI chips, and talent recruitment. Simultaneously, the company faces pressure from investors to generate visible returns from its enormous AI investments—Meta has already launched paid subscription tiers in Facebook, Instagram, and WhatsApp and plans to charge businesses using its AI business agents.\nHowever, if even Meta's internal AI usage costs have become unsustainable, the profitability prospects of its enterprise AI agent business also face scrutiny. For the entire industry, how to tell the next chapter of the commercialization story remains an unanswered question.","news_type":1,"symbols_score_info":{"META":1,"AMZY":1,"FBY":1,"METU":1,"FBYY":1,"FBL":1,"AMZW":1,"AMZD":1,"AMZU":1,"AMZN":1,"USAW.SI":1,"METW":1,"AZYY":1,"AMZZ":1,"METD":1,"AMZP":1}},"isVote":1,"tweetType":1,"viewCount":33,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}