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On April 11, sources revealed that the Bank of England plans to discuss the impact of Anthropic's newly launched artificial intelligence model with financial institutions. British regulators are joining their counterparts in the US and other countries in warning of the risks posed by this tool. Anthropic's Mythos model will be on the agenda of the Bank of England's next Cross-Market Operations Resilience Group and CMORG Artificial Intelligence Task Force meetings, both scheduled for the next two weeks. The Federal Reserve and the Treasury have already held emergency meetings on the matter, and the Bank of Canada also met with banks and financial companies on Friday to discuss the cybersecurity risks posed by Mythos. These meetings reflect growing concerns among regulators that a new type of cyberattack is becoming one of the biggest risks facing the financial industry.
Ukrainian President Zelensky: 175 Ukrainian soldiers and 7 civilians have returned home.
On April 11, Iranian government spokesperson Mohammad Hajjerani stated that Iran's dispatch of a diplomatic team led by Parliament Speaker Ghalibaf to participate in the US-Iran negotiations demonstrates Iran's willingness to engage in dialogue. She emphasized that, as the Iranian president previously stated, Iran will negotiate with its "finger on the trigger." While Iran is willing to engage in dialogue, it lacks trust in the other side, therefore the Iranian diplomatic team will participate in the negotiations with the utmost caution. Hajjerani expressed hope that, under the guidance of the Supreme Leader, the Iranian negotiating team will achieve success.
According to RIA Novosti: Russia and Ukraine each exchanged 175 prisoners of war.
April 11 - White House officials denied reports that the United States had agreed to unfreeze Iranian assets. Previously, Reuters, citing Iranian sources, reported that the US had agreed to unfreeze Iranian assets frozen in Qatar and other foreign banks.
The National Highway Traffic Safety Administration (NHTSA) has recalled 24,092 Mercedes-Benz vehicles in the U.S. market due to a problem with the driveshaft universal joint.
According to Reuters, a senior Iranian source said that Iran sees this as a test of goodwill and a demonstration of the sincerity of all parties in their commitment to reaching a lasting peace agreement.
According to Reuters, a senior Iranian source said the United States has agreed to lift the freeze on Iranian assets held in Qatar and other foreign banks.
GFZ (German Geosciences Research Center): A 4.6-magnitude earthquake has struck southern Iran.
On April 11, Du Guangda, Deputy Director of the Science and Technology Department of the Ministry of Industry and Information Technology, stated that the Ministry of Industry and Information Technology will focus on the manufacturing industry as the main battlefield and application-driven development as the main line, releasing a number of high-value "AI+" scenarios, exploring a number of typical applications, building a number of distinctive intelligent entities, providing a number of new intelligent terminals, developing a number of new standards, cultivating a number of industrial application talents, and creating a number of high-quality enterprises, so as to comprehensively promote the deep integration of artificial intelligence and manufacturing.
On April 11, Iranian First Vice President Aref posted on social media that if Iran negotiates with the "America First" US representatives in Islamabad, Pakistan, it is likely to reach an agreement beneficial to both sides and the world. However, if facing the "Israel First" US representatives, no agreement will be reached, and "we will inevitably continue to defend ourselves more resolutely than ever before, and the world will pay a greater price."
Market news: Local authorities said that drone debris crashed at night in an area of an oil depot in Russia's Krasnodar Krai, causing a fire that has been extinguished.
April 11th - According to foreign media reports, British Prime Minister Keir Starmer has decided to increase UK defense spending at a faster pace than currently planned in an effort to counter potential leadership challenges. The UK's defense spending has fallen behind allies such as Germany, and the government had previously set a target of increasing core defense spending to 3.5% of economic output by 2035. The decision to increase defense spending is essentially finalized, but specific details are still pending. The UK Treasury insists that any significant increase in defense spending must be achieved through tax increases or spending cuts.
On April 11, the Japanese government approved an additional subsidy of 631.5 billion yen (approximately US$4 billion) to accelerate Rapidus's entry into the highly competitive field of artificial intelligence chip manufacturing. This funding aims to support Rapidus's business operations for IT company Fujitsu. The Ministry of Economy, Trade and Industry stated on Saturday that the additional funding brings the total amount of government funding and investment in the startup to 2.6 trillion yen (approximately US$16.3 billion) in the current fiscal year (ending March 2027). The ministry said an external committee has inspected Rapidus's wafer fab in northern Hokkaido and approved its technological progress. The newly established chipmaker began developing wafers using 2-nanometer technology last year, aiming to mass-produce cutting-edge semiconductors by 2027 and help Japan reduce its reliance on industry leader TSMC.
April 11th - A Bank of America research report indicates that the Eurozone is far more sensitive to oil prices than the United States. The study found that a 10% shock to oil prices would have an inflationary impact of approximately 40 basis points and a corresponding growth impact of over 10 basis points. Both of these effects are roughly twice that in the United States. We believe this result is due to the higher proportion of energy in Europe's consumption basket and the region's status as a net importer of oil.
On April 11th, Baidu AI Cloud, in collaboration with embodied intelligence companies such as ZeroPower, LingSheng Technology, Fourier, Weite Technology, Topway Intelligence, Shutu Technology, and Songying Technology, launched the Baidu AI Cloud Embedded Intelligence Data Supermarket (Beta Version). This pioneering hierarchical and scalable data tagging system accelerates the large-scale deployment of embodied intelligence. Currently, Baidu AI Cloud provides services to over 30 embodied intelligence companies, including Zhiyuan and Unitree.
April 11 - It was learned on the morning of the 11th local time that talks between Iran and the United States were "very likely" to begin that afternoon in Islamabad. According to information received by Iran, both delegations will first meet separately with the Prime Minister of Pakistan before the formal talks begin.
April 11 – The US delegation participating in the US-Iran talks arrived in Pakistan on April 11 local time. Early on the morning of the 11th local time, Pakistani officials confirmed that the US-Iran talks would be held that day at the Serena Hotel in Islamabad, the capital of Pakistan, to seek a peaceful solution to the current Middle East crisis. The Iranian delegation, led by Speaker of the Iranian Islamic Parliament, Ghalibaf, has also arrived at the Serena Hotel.
On April 11th, a Bank of America research report pointed out that a 10% oil price shock in the 1970s would have had a 90 basis point inflationary impact on the United States, while today that impact is approximately 25 basis points. Furthermore, the report noted that the drag on US growth from oil price shocks has also decreased from over 70 basis points in the past to about 5 basis points today. This may be attributed to the reduced US dependence on oil and the shale oil boom since the 2010s, which has made the US a net energy exporter.
On April 11th, at the High-Level Forum on the Development of Intelligent Electric Vehicles (2026), NIO Chairman Li Bin stated that batteries and chips currently account for over 50% of the cost of intelligent electric vehicles, with very high costs associated with production capacity, verification, and production organization. This situation is due to two main reasons: First, the lack of standardized battery cell specifications restricts cost, efficiency, and market responsiveness. He suggested promoting battery cell standardization. Second, there are too many types of chips. Chips should be standardized, and relevant departments should organize automakers to unify chip types as soon as possible, developing interchangeable standards for each type. This would not only benefit the adoption of domestically produced chips in vehicles but also help reduce costs across the industry.
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