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ByteDance’s Doubao Chatbot Surges to Over 100m Daily Active Users During Lunar New Year, Dominating China’s AI Holiday Battle

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ByteDance’s Doubao chatbot achieved a remarkable milestone during China’s 2026 Lunar New Year holiday, surpassing 100 million daily active users (DAU) on February 16 — roughly four times its early-February levels — according to data published Wednesday by AICPB.com, a private tracker of Chinese AI chatbot performance.

The surge solidified Doubao’s position as the country’s dominant consumer-facing AI app during one of the world’s largest annual periods of family gatherings, social sharing, and digital engagement. The nine-day Spring Festival (February 15–23) has evolved into a critical strategic battleground for Chinese tech giants. With hundreds of millions of people returning to hometowns, spending extended time with family, and actively sharing content across platforms, the holiday offers an unparalleled window for viral adoption and real-world testing of new AI features.

ByteDance capitalized on this moment more effectively than any rival this year, turning Doubao into a shared holiday companion for families across the country. A major catalyst was Doubao’s high-profile partnership with CCTV’s Spring Festival Gala — one of China’s most-watched annual television events, with hundreds of millions of simultaneous viewers.

Doubao fielded over 1.9 billion AI-related queries during the February 16 broadcast, ByteDance reported. Viewers used the chatbot in real time to ask questions about performances, generate custom festive content, create personalized greetings, and engage in interactive conversations, driving massive usage spikes and embedding the app into the cultural fabric of the holiday.

Doubao’s Dominance vs. Rivals’ Costly Campaigns

The performance stands in stark contrast to competitors’ efforts. Alibaba’s Qwen app, despite a massive 3 billion yuan ($437 million) coupon giveaway campaign that subsidized food and drink orders placed directly in-chat, peaked at only 30 million DAU on New Year’s Eve — the lowest among major chatbots tracked by AICPB.com.

In early February, Qwen had fewer than 10 million DAU, highlighting the campaign’s limited ability to sustain engagement despite the enormous spend. Doubao’s lead is consistent with longer-term trends. Late December 2025 QuestMobile data showed Doubao with 155 million weekly active users — nearly double DeepSeek’s 81.6 million. The Lunar New Year performance likely widened that gap further, demonstrating ByteDance’s superior ability to integrate AI into culturally resonant moments.

This holiday battle reflects the intense competition in China’s consumer AI market. While global attention often focuses on U.S. leaders like OpenAI and Anthropic, the real intensity plays out domestically, where scale, cultural relevance, and cost efficiency determine winners. ByteDance’s dual release of Doubao 2.0 (agentic upgrade) and Seedance 2.0 (video generation) earlier in the week created a powerful one-two punch, combining conversational AI with creative tools at a time when families are actively sharing videos, greetings, and memories.

Doubao 2.0’s positioning for the “agent era” — enabling complex, multi-step real-world tasks rather than simple Q&A — proved particularly resonant during the holiday. Users leveraged it for practical assistance (travel planning, recipe suggestions, family game ideas) alongside entertainment, driving deeper engagement than pure chatbots.

ByteDance’s open-source strategy with parts of its Qwen family, combined with Doubao’s seamless integration into the broader ByteDance ecosystem (Douyin, TikTok, Toutiao), creates powerful network effects. The company’s ability to cross-promote across platforms gives it a structural advantage in user acquisition and retention that pure-play AI firms struggle to match.

Broader Implications for China’s AI Ecosystem

The Lunar New Year surge highlights several key dynamics shaping China’s AI landscape:

  • Cultural integration as a growth accelerator: Holidays like Spring Festival amplify tech adoption through family sharing and collective experiences, a uniquely Chinese phenomenon that foreign competitors cannot easily replicate.
  • Agentic AI gaining traction: Users increasingly expect AI to perform useful actions rather than just answer questions, favoring models optimized for multi-step reasoning and task execution.
  • Domestic optimization amid U.S. restrictions: Chinese firms’ focus on cost efficiency and hardware optimization (running effectively on available chips despite export controls) has produced competitive, affordable models that resonate with mass-market users.
  • Holiday as proving ground: The period serves as a real-time stress test for scalability, user experience, and viral mechanics — metrics that influence developer adoption, investor confidence, and long-term market positioning.

As China’s AI market matures, consumer-facing apps like Doubao are evolving into platforms for broader ecosystem plays — from e-commerce and content recommendation to agent-driven services in daily life. ByteDance’s holiday triumph strengthens its domestic moat while building momentum for international expansion, where Doubao and TikTok synergies could prove powerful.

With the holiday now winding down, the focus shifts to post-holiday retention and whether rivals can close the engagement gap through sustained innovation and promotions. Doubao’s 100 million+ DAU milestone during the Spring Festival has set a high bar for China’s consumer AI race in 2026 — a year that will likely see even fiercer competition for user attention, developer mindshare, and monetization pathways in the world’s largest internet market.

Goldman Says AI Added ‘Basically Zero’ to U.S. Growth in 2025, Fueling Bubble Debate

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The economic payoff from artificial intelligence remains contested, with major Wall Street institutions questioning whether the technology’s rapid corporate adoption has translated into measurable gains for the U.S. economy.

Analysts at Goldman Sachs wrote that the impact of AI on U.S. gross domestic product in 2025 was “basically zero,” arguing that large language models, chatbots, and related systems did not materially contribute to the country’s officially recorded 2.2% GDP growth. The assessment, led by Goldman economist Joseph Briggs, challenges the narrative that AI is already functioning as a broad-based growth engine.

The claim lands at a sensitive moment when equity markets have poured capital into AI infrastructure providers and application-layer firms, and valuations across parts of the technology sector imply expectations of substantial productivity gains. If the measurable macroeconomic impact remains negligible, questions about a potential AI-driven market bubble are likely to intensify.

Goldman’s position highlights a distinction between capital spending and realized productivity. While technology companies are committing hundreds of billions of dollars to AI infrastructure, those outlays do not automatically translate into immediate gains in output per worker or overall GDP growth.

Other financial institutions, including Morgan Stanley and JPMorgan Chase, have expressed similar caution. Analysts at those firms have noted that much of the near-term economic benefit from AI-related investment may accrue to manufacturing economies in Asia rather than the United States.

Massive data center expansion plans from Amazon, Google, and Microsoft require advanced semiconductors, servers, cooling systems, and networking hardware. Analysts estimate that roughly three-quarters of projected Big Tech capital expenditures could directly support GDP growth in Taiwan and other Asian technology manufacturing hubs, where much of the hardware supply chain is concentrated.

This geographic distribution complicates measurement. When U.S. firms import high-value chips and components, the domestic GDP effect may be muted even if corporate revenues and market capitalizations rise.

President Donald Trump has argued that AI investments are supporting U.S. economic growth. At the same time, successive administrations have sought to reduce reliance on semiconductor production in Asia through domestic manufacturing incentives and export controls.

Yet reshoring complex chip fabrication ecosystems remains capital-intensive and time-consuming. Despite federal initiatives, a substantial share of advanced semiconductor manufacturing capacity remains abroad, limiting the immediate domestic multiplier effect of AI infrastructure spending.

State-level regulatory initiatives aimed at governing AI development have also drawn scrutiny from some industry voices, who argue that excessive constraints could dampen investment. Others counter that regulatory clarity is necessary to sustain long-term growth and public trust.

Bubble concerns and productivity skepticism

The number of investors warning of a potential AI bubble appears to be rising. Corporate executives have acknowledged that AI is not an automatic productivity accelerant and that integrating large language models into workflows requires retraining, process redesign, and ongoing oversight.

A recurring economic concern centers on labor substitution. Some observers argue that replacing human workers with software-based systems could have second-order effects if displaced employees reduce consumption and tax contributions. While such outcomes remain speculative, they underscore the importance of distinguishing between firm-level efficiency gains and economy-wide income distribution.

Analyst Joseph Politano has suggested that AI’s macroeconomic contribution, while meaningful, has been overstated. He estimated that chatbots and large language models accounted for roughly 0.2 percentage points of last year’s 2.2% GDP growth — a fraction of headline expansion but not insignificant. However, because much of the supporting infrastructure is imported, isolating AI’s net contribution within national accounts remains challenging.

Joe Brusuelas, a tax advisor and economist, said AI’s economic effects may require future revisions as data improves. He described the current debate as an attempt to interpret incomplete signals, with analysts “trying to peer through the fog to understand what is driving growth.”

Short-term lag, long-term potential

Historically, general-purpose technologies — from electricity to the internet — have exhibited productivity lags. Significant investment often precedes measurable gains, as complementary innovations and organizational changes take time to diffuse across industries.

AI may follow a similar trajectory. Early spending is heavily concentrated in infrastructure and experimentation, while widespread productivity effects depend on integration into healthcare, finance, manufacturing, logistics, and professional services. If AI tools remain primarily assistive rather than transformative, macroeconomic gains could stay modest in the near term.

The tension between soaring equity valuations and muted GDP impact reflects this timing mismatch. Markets price expected future cash flows, while GDP measures realized output within a specific period.

What the data is suggesting is that AI’s direct contribution to official U.S. growth statistics in 2025 was limited. Thus, 2026 is expected to redefine the trajectory – erasing the bubble concern.

Last Chance: BlockDAG’s 500x Window Shutting in 5 Days! Dogecoin Holds, TRON Remains Firm

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In the crypto market, precision and timing define success. This week, three specific assets are dominating the conversation among traders. The Dogecoin price is currently maintaining its position along a vital trendline. While momentum appears to be slowing, investors are watching closely to see if buyers can prevent a breakdown of these key support levels.

TRON is also showing remarkable strength while other major networks face a slowdown. Its consistent activity on-chain and stable technical setup have fueled positive sentiment. Consequently, any realistic Tron price prediction now depends on the ability of bulls to protect essential support zones during this period.

Meanwhile, BlockDAG (BDAG) is emerging as the best crypto to buy now, presenting a rare and lucrative opportunity. For the next 5 days, coins are available at just $0.0001 before the official $0.05 public debut, representing a massive 500x potential! Early participants are acting fast, realizing this is the final moment to enter before global exchange trading begins.

Dogecoin Price Battles to Maintain Key Floor

Dogecoin continues to track a significant trendline, having tested this boundary for six consecutive days. This suggests that buyers are still active in the market. Even though the price occasionally slips below this mark during intraday trading, it consistently finishes the day above it, keeping the technical structure valid. However, the current momentum is lackluster, and recent bounces lack the heavy volume needed for a true rally.

Currently, the Dogecoin price sits just above the critical $0.096 support floor, which experts consider the primary line of defense. If this level fails to hold, the market’s focus will likely drop toward the $0.074 area.

Recent market data shows a sweep of liquidity followed by a period of narrow consolidation, which often points toward quiet accumulation by whales. Nevertheless, without a surge in demand, the current foundation remains shaky. Ultimately, the future Dogecoin price trajectory rests on whether bulls can find new energy or if the support levels will eventually snap.

Tron Price Prediction: Is a $0.45 Target Realistic?

While overall activity has dipped across several major blockchain networks, TRON (TRX) is proving its endurance. Despite a general decrease in daily users across the industry, TRON has remained stable and even saw a slight rise in active wallet addresses. This stands in stark contrast to networks like Solana, which experienced larger drops, highlighting TRON’s steady market position.

From a technical perspective, TRX is trading above its long-term rising support and vital Fibonacci markers, proving its uptrend is still intact. Furthermore, Open Interest has remained consistent rather than dropping off, indicating that traders are maintaining their positions.

Any future Tron price prediction is tied to the $0.2575 support level holding firm. As long as this zone is defended, the asset can slowly build upward momentum. A positive Tron price prediction suggests a target of $0.45, though hitting that milestone will require a significant increase in trading volume to confirm the move.

BlockDAG: Only 5 Days Left for 500x Returns!

BlockDAG has entered its ultimate entry phase, offering tokens at a price of $0.0001 for just 5 more days! This window exists right before the public market launch, where BDAG is scheduled to debut at $0.05. For savvy investors, the potential is clear: the difference between today’s price and the launch price signals a 500x ROI, marking it as the best crypto to buy now.

Unlike many other projects that impose vesting periods or complex bonus tiers, this specific phase offers direct ownership with no lockup constraints. Per the official schedule, tokens will be distributed via airdrop on March 3, allowing holders to secure their assets before public trading starts the following day.

BlockDAG is more than just a token; it is a high-speed ecosystem capable of handling 10,000 transactions per second at its start. This makes it ready for high-volume trading and practical use cases immediately. Because of this, analysts predict a massive price surge once it hits global exchanges, meaning the $0.0001 entry point will soon be gone forever.

This early access period allows participants to strategize before the global market takes over. Given these unique perks, many investors are moving quickly to secure their tokens now, ensuring they are ready to trade on their own terms as soon as the official launch occurs.

Summing Up

For Dogecoin, the main focus is whether the $0.096 support holds or if the price will tumble toward lower levels. At the same time, any Tron price prediction relies heavily on TRX staying above $0.2575 to create a path toward the ambitious $0.45 objective.

However, for those hunting for the best crypto to buy now, BlockDAG stands out as the superior option. With its lack of lockups, immediate ownership, and a network capable of 10,000 transactions per second, it offers a unique advantage over other early-stage projects.

Additionally, the $0.0001 entry price provides an automatic 500x value increase on the day of the launch! Time is running out, as this opportunity expires in 5 days. Once the open market begins, the value of BDAG has the potential to climb significantly higher.

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Bank of Japan Governor Kuroda Urges Japan to Raise Interest Rate as Economy Enters “Great Shape,” Warning Takaichi’s Spending Risks Inflationary Spiral

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Former Bank of Japan Governor Haruhiko Kuroda — the architect of a decade of radical monetary stimulus under “Abenomics” — called on Tuesday for Japan to continue raising interest rates and tighten fiscal policy, arguing the economy is already in “great shape” and no longer requires ultra-loose support.

Speaking in an interview, Kuroda — now a senior fellow at the National Graduate Institute for Policy Studies — said the BOJ should raise rates about twice a year in 2026 and 2027, gradually moving toward a neutral level that neither stimulates nor restrains the economy. He also urged fiscal consolidation, warning that Prime Minister Sanae Takaichi’s big-spending plans could fuel an inflationary upswing, according to Reuters.

“When Abenomics was deployed, Japan was suffering from deflation and a strong yen. Now, Japan is experiencing inflation and a weak yen,” Kuroda said. “Japan needs to move toward tighter fiscal and monetary policy. The BOJ must gradually raise interest rates towards levels deemed neutral to the economy. Fiscal policy must be tightened, too.”

Kuroda expressed particular concern over Takaichi’s pledge to suspend an 8% sales tax on food for two years to cushion households from rising living costs.

“Increasing spending and cutting taxes would not be appropriate,” he said. “It makes sense for the government to support innovation to boost long-term potential growth. But spending money to cushion the blow from rising living costs would be counterproductive as doing so would fuel inflation.”

Divergence from Takaichi’s Expansionary Stance

Kuroda’s remarks highlight a striking policy divergence from Takaichi, a staunch defender of Abenomics who has ramped up spending since her decisive February 8, 2026, election victory. Takaichi has been forced to moderate her rhetoric after a late-2025 selloff in the yen and Japanese government bonds, driven by market concerns over worsening public finances. Yet she continues to favor fiscal support for households and businesses amid persistent inflation and a weak yen.

The yen slipped Tuesday after a report that Takaichi conveyed reservations about further rate hikes to BOJ Governor Kazuo Ueda — a signal of potential friction over monetary policy. The currency stood at 155.80 per dollar on Wednesday, still far from the psychologically important 160 line but reflecting persistent weakness that keeps import costs elevated and contributes to inflation.

Kuroda judged the yen’s recent levels as “somewhat too weak” relative to Japan’s near-term growth, price trends, and economic competitiveness. He cautioned that verbal intervention — which has helped cap depreciation — offers only temporary effects, with no guarantee of sustained impact.

Kuroda suggested the BOJ could raise its key policy rate — currently 0.75% — to around 1.5–1.75% in the coming years if economic momentum holds. He endorsed Governor Ueda’s current communication style: nuanced, low-profile, and avoiding the bold, shock-therapy messaging Kuroda himself used to convince markets and the public that deflation would end.

“When it’s gradually pushing up rates toward neutral, the BOJ doesn’t need to talk that much,” Kuroda said. “Governor Ueda’s communication sounds appropriate to me.”

Economic Backdrop and Policy Legacy

Kuroda’s tenure (2013–2023) saw massive quantitative easing, negative interest rates, and yield-curve control — tools that helped reverse relentless yen appreciation and end chronic deflation, though the 2% inflation target proved elusive. Inflation has now exceeded 2% for years, wages are rising steadily, and the job market remains tight, allowing the BOJ to exit ultra-loose policy in 2024 and raise rates several times, including in December 2025.

Fiscal policy, however, remains expansionary under Takaichi, who has prioritized household support and innovation spending. Kuroda warned that continued loose fiscal policy risks overheating the economy and pushing bond yields higher.

The yen’s persistent weakness despite verbal intervention continues to lift import costs and feed inflation, complicating the BOJ’s normalization path. Takaichi’s landslide victory has heightened market focus on whether she will push for looser policy, though she has toned down such rhetoric after last year’s bond/yen selloff.

Kuroda’s comments carry weight as the intellectual father of Abenomics. His call for tighter policy contrasts with Takaichi’s fiscal activism and underscores the challenge of balancing inflation control, growth support, and fiscal sustainability in a post-deflation Japan.

With the BOJ now normalizing after a decade of extraordinary measures, the near term will test whether Japan can sustain inflation and wage growth without reigniting deflation fears or triggering financial instability.

However, Kuroda is saying that the emergency phase is over — Japan must now manage a “great shape” economy with discipline rather than stimulus.

Treasury Yields Edge Higher After Trump’s Record-Length Address, Focus Shifts to Data and Policy Follow-Through

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U.S. Treasury yields rose modestly on Wednesday as investors assessed the economic messaging in President Donald Trump’s State of the Union address and positioned ahead of a series of data releases that could test the administration’s claims of strong growth and easing inflation.

At 5:07 a.m. ET, the benchmark 10-year Treasury yield was up 2 basis points at 4.053%. The 30-year bond yield added 1 basis point to 4.703%, while the 2-year note rose 1 basis point to 3.473%. Yields and prices move in opposite directions, meaning the uptick reflected mild selling in government bonds rather than a wholesale shift in sentiment.

The relatively contained move suggests markets heard little in the speech that fundamentally altered the macro outlook, but enough growth optimism to keep upward pressure on rates.

Growth Narrative Meets Inflation Reality

Trump described the economy as “roaring like never before” and said inflation was “plummeting,” framing his administration’s economic stewardship as delivering simultaneous expansion and price moderation. For bond markets, that combination carries complex implications.

If growth is accelerating while inflation is cooling, the Federal Reserve could gain flexibility to adjust policy without triggering a recession. However, Treasury investors remain cautious. The 2-year yield — most sensitive to expectations for Fed policy — edging higher indicates that traders are not fully convinced that inflation risks have vanished.

Markets will look to Friday’s producer price index for confirmation that upstream price pressures are indeed moderating. A stronger-than-expected reading could reignite concerns about sticky inflation, particularly if tariffs begin to filter into supply chains. Weekly jobless claims and mortgage rate data will also serve as real-time gauges of labor market tightness and housing demand.

The slope of the yield curve remains closely watched. With the 10-year yield above the 2-year but not sharply so, the curve suggests neither a strong recession signal nor a clear acceleration in long-term inflation expectations.

Policy Proposals and Market Mechanics

Beyond rhetoric, investors are parsing policy signals. Trump called for the creation of a government-backed 401(k)-style retirement plan for workers without employer-sponsored accounts. If implemented at scale, such a program could influence long-term capital flows by expanding household participation in financial markets, potentially increasing steady demand for equities and fixed income assets.

He also said he would ask Congress to back an executive order aimed at preventing institutional investors from purchasing single-family homes. The proposal intersects with housing affordability concerns but also touches capital allocation dynamics. Institutional participation in residential real estate has grown over the past decade, particularly in high-demand regions. Restricting that activity could alter rental supply patterns and housing investment flows, with indirect effects on construction, mortgage issuance, and related sectors.

Treasury markets also continue to absorb the administration’s latest tariff step. After the Supreme Court of the United States curtailed earlier measures, a 10% levy took effect Tuesday, lower than the 15% rate previously signaled. The more moderate implementation appears to have limited immediate inflation repricing, though investors remain alert to potential escalation.

Geopolitics and the Risk Premium

Geopolitical tensions, particularly between Washington and Tehran, remain an undercurrent in rates markets. Any disruption to energy markets could quickly feed into inflation expectations and long-dated yields. For now, Treasurys are not exhibiting strong safe-haven flows, indicating that investors do not see an imminent shock.

The modest rise across maturities suggests that markets are leaning toward a constructive growth outlook while awaiting empirical validation. Trump’s address reinforced confidence rhetoric but did not introduce sweeping fiscal measures that would dramatically alter Treasury issuance projections or deficit expectations.

In effect, bond investors are transitioning from speech analysis to data dependency. With yields hovering near multi-month highs, the next decisive move is likely to be driven less by political messaging and more by hard evidence on inflation, employment, and consumer demand.