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August 3rd - It has been learned that Ant Groups AI subsidiary, Ant Lingbo Technology, may be launching an independent financing round. This marks the official transition of this "physical AI special forces" backed by Ant Group from being wholly incubated by the group to facing scrutiny from the external capital market. The aforementioned source revealed to Blue Whale Technology that the core reason for Ant Lingbos independent financing is the internal resource constraints within the group: "Ant Group has invested heavily in AI, and its computing power budget is facing pressure."Biren Technology (06082.HK) announced that it has completed the "Day0" adaptation and optimization of MiniMax H3 on the flagship general-purpose GPU product Biren series based on the SGLang inference framework.The China Earthquake Networks Center officially reported that a magnitude 3.6 earthquake occurred at 11:11 on August 3 in Gao County, Yibin City, Sichuan Province (28.54 degrees north latitude, 104.67 degrees east longitude), with a focal depth of 5 kilometers.On August 3rd, the international standard "Technical Framework and Functional Requirements for Blockchain and Distributed Ledger Technology: Blockchain as a Service," led by my country, was successfully approved by the International Organization for Standardization (ISO). Representatives from Germany, the UK, Ireland, Japan, Portugal, and Uganda will participate in its development. The standard will define three key technical requirements: In terms of infrastructure and network, it will standardize the construction and operation of underlying resources and the blockchain network. Regarding service management and smart contracts, it will unify the platform service catalog and the entire lifecycle management process for contracts. Finally, in terms of data interaction and security, it will clarify on-chain data access, privacy protection, and security compliance mechanisms.According to Yonhap News Agency, data released on Monday showed that South Koreas online shopping sales increased by approximately 10% year-on-year in June, driven by strong demand for mobile devices and automobiles. Data from the Ministry of Statistics and Census Service showed that online shopping transactions in South Korea reached 24.6 trillion won (approximately US$17 billion) in June, an increase of 2.3 trillion won compared to the same period last year. The report showed that sales of mobile devices more than doubled, reaching 892.4 billion won, clearly benefiting from promotional activities by Samsung Electronics. Spending on automobiles and related products also surged 56.8% to 1.19 trillion won, driven by strong sales of Tesla electric vehicles.

Gold Price Prediction: The XAU/USD will meet resistance around $1,875 as the USD Index strives to recover

Alina Haynes

Feb 07, 2023 15:44

截屏2022-11-24 下午3.13.23.png 

 

In the Asian session, the price of gold (XAU/USD) is under pressure to extend its recovery over the important resistance of $1,875.00. After correcting to near 103.10, the US Dollar Index (DXY) has tried a recovery, which has prompted selling interest in precious metals. Investors anticipate a volatile performance from the USD Index as they await fresh impetus from Federal Reserve (Fed) head Jerome Powell's speech.

 

The USD Index (DXY) was projected to exhibit signs of volatility shrinkage following a three-day winning streak following the release of massive United States Nonfarm Payrolls (NFP) data. After a wild ride, the USD Index bulls are weary, but the bullish bias remains intact. S&P500 futures are maintaining the modest gains made during the Asian session.

 

In light of the recent improvement in the U.S. labor market, the forthcoming speech of Fed chairman Jerome Powell has taken on greater significance. After noticing a significant decrease in inflation, the market began to anticipate a pause in the Fed's policy tightening cycle. Nonetheless, the optimistic job report for January suggests that the fight against inflation still has considerable steam.

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