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On September 10th, Politico reported that California Governor Gavin Newsom signed two bills on Wednesday aimed at regulating how external agencies can assess the safety of artificial intelligence (AI) programs. Anthropic had already supported these bills in August, and OpenAI also expressed its support on Wednesday—just before the Democratic governor formally approved the bills. Newsom stated, "Recent events have raised concerns that further confirm the long-standing consensus in California that while artificial intelligence holds immense potential, its development and deployment must be accompanied by effective safeguards to protect public safety." Previously, Anthropic researcher Jacob Coxon announced his departure from the industry, citing concerns about AI going out of control. His related social media posts sparked heated online discussions, as people worried that AI could pose an existential threat.U.S. Treasury Secretary Bessant: From GDP to factory employment, all indicators are rising across the board, and the industrial cycle is moving from the investment phase to the production phase.On September 10th, according to two sources familiar with the matter, the U.S. Department of Justice is investigating whether Nvidia (NVDA.O) attempted to circumvent antitrust scrutiny in connection with a deal signed last year with artificial intelligence chip maker Groq. Groq described the deal at the time as a "non-exclusive licensing agreement" allowing Nvidia to use Groq chips specifically designed by Groq for running AI tasks. As part of the arrangement, Groq CEO Jonathan Ross and COO Sonny Madeira joined Nvidia. AI companies have entered into numerous similar deals, including licensing technology and hiring key personnel from other companies, but without making direct acquisitions. These arrangements often circumvent the automatic government review of traditional mergers and acquisitions, which aims to determine whether a transaction would harm market competition.According to the New York Times, regulators are investigating a licensing agreement between Nvidia and Groq.September 10th - The seventh batch of national centralized procurement of medical consumables will open for bidding today (September 10th) in Tianjin. This round of procurement focuses on digestive interventional medical consumables, including 23 varieties, covering consumables related to gastrointestinal polyp removal and biliary and pancreatic interventional therapy, with a procurement cycle of approximately 3 years. This round of procurement adheres to the principles of "stabilizing clinical needs, ensuring quality, preventing internal competition, and preventing bid rigging," optimizing procurement rules, and balancing the protection of diverse clinical needs with high-quality development of the industry.

Stock Markets Await Massive Jobs Number

Skylar Shaw

Jul 07, 2022 14:39

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The US indexes seem to be doing very little during the Wednesday trading session, maybe keeping an eye on that enormous employment report on Friday.

Technical Analysis of the S&P 500

The S&P 500 fluctuated during Wednesday's trading day as a result of the ongoing commotion in the world. Since we will have to consider what the employment market may indicate to the Federal Reserve, it's not a tremendous surprise to imagine that the S&P 500 may be reluctant to go unduly aggressive in any way. After all, the Fed and its monetary policy actions are causing a lot of people to worry. The value of equities has decreased as they tighten monetary policy more.


Although I believe it's more probable than not that we'll float a bit higher, I believe the sellers will eventually come back. The subsequent move down may begin if we were to close below the candlesticks that represent the Friday, Monday, and Tuesday trading sessions. There might be really fascinating since that is an obvious short-term support level that people will be watching.


We may rise to the 3950 level, from where we had previously pulled back, if we were to break above the highs of both Tuesday and Wednesday. Additionally, the 50 day EMA is rapidly approaching that broad range, so I believe we are dealing with a situation where the upside is fairly constrained. You will need to exercise extreme caution in the latter days of this week because to the jobs ever, but I believe that given enough time, more negative is likely to surface.

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