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On January 12th, NVIDIA (NVDA.O) and Eli Lilly (LLY.N) announced the establishment of their first joint innovation lab focused on applying artificial intelligence to the challenges of drug discovery. The two companies plan to invest up to $1 billion over the next five years in talent, infrastructure, and computing resources. NVIDIA CEO Jensen Huang stated, "In this model, scientists will be able to explore vast biological and chemical spaces in computer simulations without first creating a single molecule." This collaboration will initially focus on building a continuous learning system that tightly connects Eli Lillys wet and dry labs, enabling 24/7 AI-assisted experiments. This "scientist-in-the-loop" framework aims to allow experiments, data generation, and AI model development to continuously feedback and improve each other. Leveraging unprecedented computing power, large-scale high-quality data generation, and the NVIDIA BioNeMo platform to accelerate drug discovery, the teams will focus on building next-generation foundational and cutting-edge models for biology and chemistry.Mercedes-Benz passenger car sales in the U.S. in the fourth quarter were 79,350 units, down 12% year-over-year.Former US Treasury Secretary Janet Yellen: The investigation into Federal Reserve Chairman Jerome Powell is "extremely worrying," and the market should focus on the Feds independence.President of the European Parliament: I have decided to ban all Iranian diplomats and any other representatives from all premises of the European Parliament.NVIDIA (NVDA.O) and Eli Lilly (LLY.N) stated that the joint innovation lab infrastructure will be built on the NVIDIA BioNeMo platform and the NVIDIA Vera Rubin architecture.

Gold Up Over Weakening U.S. Dollar

Charlie Brooks

Jun 21, 2022 11:24

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Asia's gold prices rose on Monday morning as the U.S. dollar sagged ahead of a vacation.


Gold futures rose 0.34 percent to $1,846.80 around 12:30 AM ET, an increase of 0.34 percent (4:30 AM GMT).


On Monday, U.S. markets are closed for a holiday.


"Because today is a U.S. public holiday, liquidity – and consequently volatility – are expected to be lower, making directional moves on gold difficult in the absence of a new impetus," said City Index senior market analyst Matt Simpson to Reuters.


Since May 19, gold has essentially fluctuated between $1,805 and $1,880. This makes it more of a market for traders than for investors. We believe that investors will choose to purchase dips above $1,800 and sell rallies below $1,880," Simpson added.


Concerns that tightening monetary policy could hinder economic development weighed on Asian markets.


Gold finished the previous week lower as a result of a stronger dollar in response to interest rate increases by major central banks. Wednesday, the U.S. Federal Reserve announced a 75 basis point increase in interest rates, the largest increase since 1994. The Swiss National Bank unexpectedly increased interest rates by 50 basis points on Thursday, the same day that the Bank of England lifted its rates to 1.25 percent.


In comparison to other precious metals, silver increased 0.64 percent. Platinum increased by 0.14 percent, while palladium increased by 2.25 percent.


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