EUR/USD
1.15248
-0.732%
Gold
4318.68
-3.497%
Oil
88.549
-2.697%
USD/JPY
160.177
0.098%
GBP/USD
1.33372
-0.643%
GBP/JPY
213.636
-0.547%
Real-time News
June 6th - Stronger-than-expected US non-farm payroll data for May ignited market concerns about a Federal Reserve rate hike this year. On Friday, previously crowded and highly valued AI and technology stocks suffered a sharp decline, while gold and silver prices also plummeted. Ryan Detrick, chief market strategist at Carson Group, noted, "The technology and semiconductor sectors have experienced a record rally over the past nine weeks, and today the market dam finally broke. The stronger-than-expected jobs report has put the Fed in a dilemma regarding whether to cut rates for the remainder of the year, and the market is expressing its dissatisfaction by selling off its best-performing stocks this year." Phil Streible, chief market strategist at Blue Line Futures, pointed out that some investors reduced their gold holdings to offset losses in other assets, exacerbating the selling pressure on precious metals. Bart Melek, global head of commodities strategy at TD Securities, stated, "The non-farm payroll data significantly exceeded market expectations. Given the ongoing Middle East wars, high energy prices, and significant inflationary pressures, the Fed has virtually no intention of cutting rates. In this context, the cost of holding gold is becoming increasingly high."June 6th - In Jinan, AI models are now being mass-produced on assembly lines, much like automobiles. The first step in producing AI models begins in the data workshop, essentially the raw material warehouse for the entire large model factory. Massive amounts of raw data are cleaned, filtered, and labeled here, transforming them into qualified raw materials for model production. The second step is model forging. In the model workshop, the employees on the production line are the "large models" themselves, and various large models become "digital craftsmen," training the models according to order requirements. The trained AI models then enter the third step: rigorous final testing. What leaves the model workshop is only a semi-finished product. In the factorys evaluation center, new models are constantly given "tests." If they fail the test, they are sent back for rework. Only by passing the rigorous "final test" can the model enter the market. Passing the test leads to the fourth step—integration training. In the integration workshop, the models are "integrated" into robotic arms and robots. Through repeated motion collection and training, the AI or intelligent agent can master physical skills before it can empower various industries. The seemingly simple four-step process actually includes 75 meticulous procedures, reducing the AI model development cycle from 90 person-days to 20 person-days.On June 6, Mohsen Rezaei, military advisor to Irans Supreme Leader, warned in an interview with CNN on June 5 that if the fighting continues and the US does not lift its naval blockade of Iran, the conflict could spread to a wider area, including the Indian Ocean, and Iran would also strike more US military bases, at which point the US would suffer "very heavy" losses.Jamaican Energy Minister Daryl Wass said on social media on the 5th that Jamaica experienced a nationwide blackout that day, with several administrative districts losing power. The cause of the failure is still under investigation, and the national power company has begun emergency repairs.On June 6, Russian Presidential Aide Ushakov stated on June 5 that the United States has relegated the Ukraine issue to a secondary position, to some extent withdrawing from this issue that is "crucial to Russia but irrelevant to the United States." Speaking at the 29th St. Petersburg International Economic Forum, Ushakov said that the United States is currently prioritizing the Iran issue, and the Ukraine issue has been "placed in a secondary position." However, compared to the Biden administration, the Trump administrations policies have undergone "minor adjustments."
