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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.

Before the US NFP, the USD/JPY is likely to decrease to roughly 132.00

Alina Haynes

Aug 05, 2022 14:49

截屏2022-08-05 上午9.50.18.png 

 

The difficulties that the USD/JPY pair met around 133.00 during the Asian session are now in full force. As investors predict a disappointing result from the US Nonfarm Payrolls (NFP) data, the asset has printed a low of 132.77 and is projected to decrease further to about 132.00.

 

JP Morgan experts projected that the US Nonfarm Payrolls (NFP) will be poorer than expected at 200K in the July labor market statistics, compared to the consensus expectation of 250k jobs gained in the month. The US economy produced 372k new jobs in the labor market in June. The labor market is under great pressure as a result of data showing a continued fall in job creation. The unemployment rate, though, will be constant at 3.6 percent.

 

Increased labor market dangers are a result of rising interest rates and their compounding impacts. Due to pricey dollars, business players are unable to invest without reluctance. Low investment possibilities cannot thus speed the process of creating jobs.

 

Despite the Federal Reserve (Fed) policymakers' enhanced interest rate ambitions, the US dollar index (DXY) has thrown up the support of 106.00. According to Cleveland Fed President Loretta J. Mester, ending the policy tightening program without detecting a decline in the inflation rate for several months is not conceivable at interest rates above 4 percent .

 

Tokyo's entire household expenditure has dramatically climbed from the previous report of -0.5 percent and the predictions of 1.5 percent to 3.5 percent. As an inflation indicator, the economic data may aid the yen bulls. The economic data have greatly improved, which means that the inflation rate may climb much further. The findings may, however, be largely impacted by growing energy expenditures. However, a hike in the labor cost index is shortly to come in order to keep the inflation rate over 2 percent.


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