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On August 11th, the Shanghai Municipal Commission of Economy and Informatization issued the "15th Five-Year Plan for the Development of Shanghais Software and Information Service Industry." The plan emphasizes tackling next-generation model architectures and promoting the exploration of multiple technical routes based on non-Transformer architectures such as state-space models, recurrent neural network variants, and liquid neural networks. It also calls for accelerating the development of cutting-edge basic model technology systems such as physical intelligence, world models, quantum intelligence, and brain-like intelligence. Furthermore, it emphasizes tackling the networking technology of ultra-large-scale intelligent computing power clusters, focusing on core components such as high-performance computing chips (GPUs/NPUs), quantum computing chips (QPUs), high-speed optical interconnects (CPOs), high-bandwidth memory (HBMs), and heterogeneous servers to enhance the supply capacity of intelligent computing hardware and promote the deep integration of domestically developed chips with mainstream large-scale models. Finally, it focuses on new storage and retrieval technologies, digital-model collaboration, and breakthroughs in key technologies such as high-precision heterogeneous processing, native multimodal fusion, and dynamic value alignment to build automated complex reasoning covering the entire lifecycle of corpora.On August 11th, the Shanghai Municipal Commission of Economy and Informatization issued the "15th Five-Year Plan for the Development of Shanghais Software and Information Service Industry." The plan outlines a tiered supply system combining large clusters, small clusters, and edge computing power. It calls for the development of ultra-large-scale intelligent computing clusters (100,000-card level) in Songjiang, Lingang, and Qingpu districts, and thousand-card level intelligent computing clusters in Baoshan, Pudong, and Jiading districts. The plan also guides the transformation of traditional data centers and information communication equipment rooms into hundred-card level edge intelligent computing centers to meet the ultra-low latency computing power needs of enterprises and individuals. Furthermore, it focuses on building Model-as-a-Service (MaaS) platforms for industries such as finance, education, healthcare, culture and tourism, and manufacturing, providing services such as industry application marketplaces, model customization and hosting, agent building, low-code development, API interfaces, computing power provision and management, and AI inference, thereby enhancing the level of intelligent cloud services.August 11th - According to a recent report from Omdia, as demand from smartphone manufacturers slows and memory prices rise, smartphone makers have significantly reduced their production plans. Meanwhile, display panel manufacturers are shifting excess capacity to the repair and refurbished smartphone market, driving rapid growth in display panel shipments in this market. Statistics show that in the first quarter of 2026, display panel shipments in the repair and refurbished smartphone market increased by 20% year-on-year, reaching 298 million units, exceeding for the first time the shipments of display panels to smartphone manufacturers (289 million units) during the same period.According to Al Jazeera, the death toll from the war in the Gaza Strip has reached 73,387.On August 11, two residential land parcels in Beijing were auctioned off. Located in Fangshan District and Shunyi District respectively, the total planned above-ground construction area is approximately 103,200 square meters. The total starting price was 1.663 billion yuan. Ultimately, both parcels were sold at the reserve price. The winning bidders were PowerChina Real Estate and Beijing Yinsheng Panmei, respectively, with a total transaction amount of 1.663 billion yuan.

NZD/USD Price Analysis: Protects NZ Inflation-Induced Support Break; 0.6140 in Sight

Daniel Rogers

Apr 20, 2023 13:51

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During the mid-Asian session on Thursday, NZD/USD bears maintain control at the lowest levels in five weeks while defending New Zealand (NZ) losses caused by inflation near 0.6160. This justifies not only the weaker-than-anticipated New Zealand inflation, but also the recent break of one-month-old horizontal support, which is now immediate resistance, as well as the bearish MACD signals.

 

As measured by the Consumer Price Index (CPI), the Reserve Bank of New Zealand (RBNZ) policy purists were unpleasantly surprised by New Zealand's (NZ) first-quarter (Q1) inflation. Despite this, the Quarter-over-Quarter change in the New Zealand Consumer Price Index (CPI) decreases from 1.7% and 1.4%, respectively, to 1.2%.

 

Following the publication of disappointing data, the NZD/USD pair breached a one-month-old horizontal support level, which is now acting as a barrier near 0.6170. The bearish MACD signals are now directing NZD/USD traders toward a horizontal support level that has been in place for 1.5 months and is located near 0.6140.

 

If the NZD/USD bears remain dominant above 0.6140, the 2023 low of 0.6085 cannot be ruled out.

 

The 200-day simple moving average hurdle of 0.6220 becomes crucial for NZD/USD investors to return.

 

If the NZD/USD pair remains above 0.6220, a run up to the previous weekly high around 0.6315 and then to the monthly high of 0.6386 cannot be ruled out.