EUR/USD
1.16673
0.035%
Gold
4687.85
0.778%
Oil
84.358
-0.228%
USD/JPY
159.171
0.049%
GBP/USD
1.36363
0.044%
GBP/JPY
217.055
0.101%
Real-time News
Lei Jun posted on Weibo that the Xuanjie O100, based on Xuanjies innovative high-bandwidth matrix bus, achieves edge AI performance far exceeding that of traditional flagship SoCs. It will be applied to a full range of product categories, including mobile phones, automobiles, and robots.A Reuters poll of 35 economists showed that 18 of them expect the Bank of Korea to raise its benchmark interest rate to 3.00% on August 27, while the rest believe the rate will remain unchanged at 2.75%.On August 25th, a CICC research report stated that the markets focus this week is the Jackson Hole meeting and Warshs speech. Warshs previous statement that "let the market raise rates for the Fed" failed to alleviate inflation concerns, and coupled with the ineffective intervention of the Treasury Department, policy credibility has been damaged, leading to a continued rise in US Treasury yields. We expect Warsh to reiterate the risks of inflation and retain the option of raising rates to rebuild credibility, but he will also continue to adhere to his long-term propositions of reducing central bank intervention and decreasing the frequency of communication. We believe that Warsh has not abandoned the policy concept of "balance sheet reduction + interest rate cuts," but the premise on which it is based is out of sync with the current reality, requiring coordination and clearer expression. If Warsh can demonstrate sufficient policy flexibility, market concerns about US Treasuries may be partially alleviated, supporting the dollar; conversely, trust will continue to erode, long-term US Treasury yields will continue to rise, and the dollar will be under pressure.The Nikkei 225 index fell by 1.00% during the day.August 25th - According to sources familiar with the matter, Lambda, the AI cloud computing service provider backed by Nvidia (NVDA.O), is in talks for a funding round of up to $3 billion, which could pave the way for its IPO next year. The sources said that Lambda, an "emerging cloud" company that provides chip and other AI infrastructure leasing services, is discussing a funding round at a valuation of up to $12 billion or even higher. They stated that the funding negotiations are still ongoing and the terms of the deal have not yet been finalized. It is understood that Lambda has received multiple investment offers for this round, which, according to company insiders, could pave the way for an initial public offering (IPO) as early as next year. Some sources indicated that the companys revenue this year is expected to exceed $1.5 billion.
