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On March 29th, at the Global Unicorn Companies Conference, Zhou Hongyi, founder of 360, interpreted the recent "Lobster Craze" (OpenClaw intelligent agent). Regarding the question of when tokens will become as accessible and affordable to ordinary people as mobile data, Zhou Hongyi stated: The core of the traditional internet is data traffic. Its infrastructure (such as fiber optic cables) has almost unlimited capacity, and user data usage is directly proportional to duration and volume. The more users a platform has, the lower the marginal cost becomes. However, AI is completely different. The essence of AI operation is the consumption of computing power, information processing, and "intellectual costs," following the logic of information and energy conservation: the more complex the task and the deeper the demand, the higher the computing power and resources consumed will inevitably be. It is impossible to complete extremely complex tasks with extremely low investment. Tokens are a unit of measurement for the intellectual and computing power consumed by artificial intelligence. The unit price is relatively fixed, and the more it is used, the higher the cost. Therefore, tokens can never achieve unlimited monthly usage like mobile data.On March 29, Ukrainian President Volodymyr Zelenskyy stated that following the Ukrainian attack on an oil refinery in Russias Leningrad region, the refinerys capacity was reduced to approximately 40%. "We responded to the attacks on the energy sector—we launched a strong counterattack… After a series of corresponding actions, the facility is now operating at only about 40% capacity," Zelenskyy added. He further noted that the attack utilized long-range drones, and that related technologies are constantly evolving. On the night of March 25-26, the Ukrainian Armed Forces attacked the Kirishi oil refinery in Russias Leningrad region. The Ukrainian military stated that the refinery is one of Russias three largest, producing various petroleum products, including fuel for the Russian Armed Forces.Novartis IgAN data, published in the New England Journal of Medicine, showed that Fabhalta® slowed the rate of kidney function decline by 49.3%.Cambodias Ministry of Commerce announced on Saturday midnight that diesel prices have risen further and gasoline prices have fallen due to the Middle East conflict. The ministry stated that starting Sunday, the price of regular gasoline will be 5,000 riel (US$1.25) per liter until further notice, a decrease of 8.2% from the previous three days price of 5,450 riel. Diesel prices will be 7,200 riel (US$1.80) per liter, an increase of 1.4% from the previous 7,100 riel. Liquefied petroleum gas (LPG) prices have also climbed to 3,400 riel (US$0.85) per liter, an increase of 6.2% from the previous 3,200 riel.Israel Defense Forces: As part of this airstrike, the Israel Defense Forces further weakened the Iranian regimes weapons production infrastructure.

The USD/JPY crosses the 135.00 mark as the DXY rises ahead of US inflation

Daniel Rogers

Aug 10, 2022 11:32

 截屏2022-08-10 上午10.31.53.png

 

The USD/JPY pair is climbing northward during the Asian session in an attempt to retake its two-week high at 135.58. The asset's price turned positive on Monday as a result of the abundance of bids that occurred near 134.50. The USD/JPY pair's two-day consolidated activity shows that market participants are anxiously awaiting the release of the US Consumer Price Index (CPI).

 

Investors expect a decrease in price pressures this time, thus the release of the US inflation report is crucial. The investment community is aware that the crisis between Russia and Ukraine sharply increased oil prices, which continued to be essential to pressures on global costs.

 

A more than 11% drop in oil prices in July contributed to the black gold's continued sluggishness and lowered inflation expectations. The market anticipates that the inflation rate will decrease from 9.1% to 8.7%. The core CPI, which does not include food and oil, is anticipated to increase to 6.1% from the previously announced 5.9%. It appears that the demand for durable goods is rapidly increasing again. The US dollar index (DXY) is currently aiming to surpass the 106.40 immediate barrier.

 

The yen bulls are circling Tokyo as a result of Japan's government reorganization. Finance Minister Shunichi Suzuki will probably remain in the cabinet after this week's reorganization by Japanese Prime Minister Fumio Kishida. All eyes will now be on the Japanese government's efforts to raise the labor cost index, which is essential for keeping inflation over 2%.