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On August 23, it was reported that price competition for large-scale AI models has intensified recently, with several US AI companies lowering prices for their models. OpenAI, the US-based Open AI Research Center, announced on the 21st that it would reduce the base price of its cutting-edge GPT-5.6 Sol model for developers by over 20%, effective immediately. This discounted price will be valid for three months. At the end of last month, OpenAI also lowered the prices of other models, with mid-range models reduced by 20% and low-cost models by 80%. Furthermore, Google, a subsidiary of Alphabet, recently released Gemini 3.7 Flash and simultaneously lowered its price, making it approximately half the price of the previous version. Some US media analysts believe that the increasingly fierce price competition for large-scale AI models, particularly the open-source and pricing strategies of some Chinese AI companies, has put pressure on US companies.August 23 - According to sources, some of Nvidias major customers have been notified that server prices equipped with its AI chips will increase by more than 15% in most cases. The sources say the price increase will take effect early next year, affecting systems equipped with flagship Vera Rubin and Grace Blackwell chips. The specific increase will depend on the chip generation and memory configuration. The relevant communications have not yet been made public. The sources indicate that companies that manufacture servers for major data center operators such as Microsoft, Google, and Oracle have recently informed their customers of the price increase.August 23 - According to Turkeys Ihras News Agency on the 22nd, a merchant ship operated by a Turkish shipping company was attacked in the early hours of the day in waters near the Russian Black Sea port of Novorossiysk, resulting in the death of one crew member and injuries to eight others.French Presidential Palace: Saudi Arabias Vision 2030 is being aligned with Frances investment plan, and the Mecca Agreement is reshaping the alliance structure in light of regional developments.According to the Lebanese National News Agency, Israel continues its attacks on southern Lebanon, with airstrikes targeting the villages of Majlzoun, Konin, and Mansouri.

The RBNZ Hasn't Made A Decision on Central Bank Digital Currency Yet

Cameron Murphy

Apr 29, 2022 09:31

The Reserve Bank of New Zealand (RBNZ) announced on Friday that it had not made a decision on a possible central bank digital currency (CBDC), but that it would continue to look into the possibility.


The Reserve Bank of New Zealand (RBNZ) said in September last year that it was seeking public feedback on the usage of a CBDC, which is a digital version of a current currency.


Several nations are looking into using CBDCs, with the Federal Reserve of the United States issuing a much-anticipated report on the advantages and disadvantages of adopting a digital currency earlier this year.


The RBNZ said that public comments had helped to confirm the significance of privacy and autonomy in a CBDC, and that this will be a priority of future policy work.


In a statement, the central bank said, "Our belief is that CBDC and cash would be complimentary, rather than competing."


The RBNZ's director of Money and Cash, Ian Woolford, noted that the central bank was especially focused on taking real actions to strengthen the cash system's resilience and efficiency.