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Real-time News
Goldman Sachs believes that the US support for Japans yen is unlikely to damage the dollars status as the worlds primary reserve currency. Japan is the largest foreign investor in the $31 trillion US Treasury market. Following the joint US-Japan currency intervention last month, some concerns arose that foreign exchange intervention aimed at preventing sharp fluctuations in the US bond market would weaken market confidence in the dollar as a reserve asset. Goldman Sachs stated that such views are based on the assumption that the US might try to prevent other countries from selling US Treasury bonds in the future. "This seems somewhat far-fetched," strategists, including Michael Cahill, wrote in a report. "We do not agree with the view that this action will damage the dollars reserve currency status."On August 7th, the Beijing Economic-Technological Development Area Administrative Committee issued a notice regarding the "Several Measures (Trial) of Beijing Economic-Technological Development Area on Supporting the High-Quality Development of Intelligent Economy Driven by Word Elements." The notice mentions increasing support for the research and development of dedicated inference chips, and continuously iterating on key core technologies such as advanced packaging, co-packaged optics, high-speed optical interconnection, and optical communication. It also emphasizes accelerating the deep integration of photonic computing with traditional computing power systems to comprehensively improve the parallel processing capabilities of large-scale models and massive word elements, adapting to large-scale high-speed word element inference scenarios. Furthermore, it explores integrated circuit system-level architecture innovation, promotes the large-scale upgrading of computing power clusters, and builds hardware barriers for low-cost mass production of word elements. Finally, it explores data pricing models based on word element transactions, supports the collection and processing of contextual data in professional fields at the enterprise and personal levels, and encourages the mass production of new data products such as expert avatars and service avatars. The notice also stipulates that 100 million yuan in data vouchers will be issued annually, providing purchasing entities with up to 1 million yuan in financial support based on 10% of the annual data transaction amount.Global Chip LOF: Trading in this fund will be suspended from the opening of the market on the afternoon of August 7, 2026 until the close of the market on the same day. During the suspension period, redemption services for this fund will continue as usual.August 7th - Data released by the Democratic Republic of Congos (DRC) Ministry of Health on August 6th showed that the countrys cumulative confirmed cases of Ebola in this outbreak had reached 4,053. The director of the Africa Centres for Disease Control and Prevention (Africa CDC), Kassia, stated that the actual number of infections may be higher than the reported cases. Data released by the DRC Ministry of Health showed that as of August 5th, the country had reported a cumulative total of 4,053 confirmed Ebola cases, including 1,850 deaths and 793 recoveries.On August 7th, the National Energy Administration issued the "15th Five-Year Action Plan for Power Safety Production." The plan emphasizes strengthening safety governance through "artificial intelligence+", innovating high-precision fault prediction and health management methods for equipment, promoting the embedding of artificial intelligence technology into intelligent safety tools, and researching power safety production auxiliary decision-making technologies based on large-scale artificial intelligence models. It also calls for increased independent research and development of key power equipment, enhanced research and development of new protective materials, the establishment of a special plan for tackling key technologies in core components of power equipment, and promoting breakthroughs in key technologies such as power chips and ultra-high voltage (UHV) unit components. Furthermore, it promotes technological innovation in safety and quality control of power construction projects, researches and constructs an intelligent supervision system for power construction projects, and utilizes artificial intelligence, big data, and other means to strengthen off-site supervision and quality control of key power projects.
