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Large companies: SK Hynix is listed in the United States, and the total commissions of Wall Street investment banks are expected to reach US$140 million. The investment banking team participating in the SK Hynix listing project will receive generous commissions of hundreds of millions of US dollars. The South Korean chip giant, whose market value exceeds one trillion U.S. dollars, is about to land on the U.S. stock market, and this issuance is expected to rank among the largest IPOs in history. Two people familiar with the transaction revealed that the total commission pool size of Goldman Sachs, Citigroup and other investment banks underwriting the Nasdaq stock issuance may exceed US$140 million; the commission consists of two parts, one is a basic underwriting fee of 0.5% of the total amount raised, and the other is a floating incentive bonus paid separately by SK Hynix. Google requires AI ads to be labeled: Covering search and YouTube, etc. On July 9, local time, Google announced a comprehensive expansion of the scope of disclosure of generative AI ads. The new regulations require commercial advertisements created or edited by AI to be clearly labeled in Google search, YouTube and Discover information streams to prevent consumers from being misled by false synthetic scenes. Volkswagen of Germany plans to lay off a large number of employees, possibly cutting up to 120,000 jobs. Volkswagen Group of Germany held a board of supervisors meeting on the 9th local time to discuss a new round of cost reduction plans. The reporter learned that the plan may involve further job cuts and adjustments to the layout of German factories. The largest scale of global layoffs may reach 100,000 to 120,000 jobs. Some German factories, including Zwickau, Hannover, Emden and Neckarsulm, are at risk of closure. Volkswagen said that the company is studying future development plans with the goal of improving the group's competitiveness and that it needs to reduce excess production capacity, but the specific plan is still under discussion by the supervisory board. In response to related plans, the German Metal Industry Union organized protests at multiple Volkswagen production bases in Germany that day to oppose factory closures and further layoffs. The Lower Saxony state government in Germany also expressed opposition to the relevant plans, believing that closing the factory is not a solution for the future development of the company. Samsung has developed an AI PC acceleration chip called GAIA and has provided samples for testing to Lenovo and HP. On July 10, it was reported that Samsung Electronics is developing an AI PC acceleration chip called GAIA and has provided prototypes to Lenovo Group and HP.