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Real-time News
U.S. stocks opened higher, with the Dow Jones Industrial Average up 0.27%, the S&P 500 up 0.54%, and the Nasdaq Composite up 0.8%. Google (GOOG.O) rose 2%, with media reports indicating it is developing a new chip to improve the efficiency of its AI models. The storage sector generally rose, with SK Hynix (SKHY.O), Micron Technology (MU.O), and SanDisk (SNDK.O) up 4%, and Western Digital (WDC.O) and Seagate Technology (STX.O) up approximately 3%.On July 20th, according to a report by US tech media outlet The Information, two sources familiar with the matter revealed that Google is developing a new server chip that can directly integrate the design blueprints of its Gemini AI models, enabling the company to provide AI model services to users more efficiently. The sources stated that Google hopes to alleviate the severe shortage of AI computing power with this new chip, internally codenamed "Frozen v2." This lack of computing power has not only triggered internal competition for resources but has also forced Google Cloud to reject collaborations with some external customers. According to the sources, Google employees involved in the project expect that once launched, the chip will be 6 to 10 times more efficient than Googles latest generation of self-developed AI chips in terms of tokens processed per unit of power consumption. Currently, engineers are still determining the main functions of the new chip and how its components work together. The sources said that Google plans to deploy the chip as early as 2028.Goldman Sachs: Hedge funds are selling off U.S. tech stocks at a record pace.July 20th, Futures News – According to foreign media reports, Indian Deputy Minister of Petroleum Suresh Gopi stated on Monday that India currently has no plans to further increase the ethanol blending ratio in gasoline from the current 20%. 1. Policy Stance and Decision-Making Process: Addressing previous market concerns about further increases in the blending ratio, Indian officials clarified that any decision to increase the ethanol blending ratio in gasoline must be made only after completing detailed scientific and technical studies and fully consulting with stakeholders such as automakers, fuel retailers, and raw material suppliers. 2. E20 Will Not Be Withdrawn and Performance Impact is Limited: The Indian government also has no plans to revert to E10 or pure gasoline. Regarding concerns about vehicle performance, officials stated that they have not received any serious complaints about E20 causing performance degradation, engine failure, corrosion, or fuel pump problems. Vehicles designed for E10 experience only a 3% to 5% marginal decrease in fuel efficiency when using E20. 3. Raw Material Diversification and Significant Increase in Corn Proportion: To reduce dependence on a single crop and conserve water resources, India is promoting ethanol production from diverse raw materials such as sugarcane, corn, spoiled grains, and broken rice. Over the five years leading up to 2025/26, the share of maize in Indias ethanol program has risen dramatically from zero to 37%. Officials emphasize that the ethanol blending program will always prioritize water sustainability, food security, and the interests of farmers.According to The Information, Google (GOOG.O) plans to deploy its Frozen V2 chip as early as 2028.
