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On April 25th, it was reported that the preview version of DeepSeek-V4 was officially launched and open-sourced on April 24th, with Baidu AI Clouds Qianfan platform Day0 providing API services. DeepSeek-V4 features ultra-long contexts with millions of tokens and is divided into two versions based on size: DeepSeek-V4-Pro and DeepSeek-V4-Flash. Currently, enterprise users and developers can directly call DeepSeek-V4-Pro through the Baidu Qianfan console or API, while DeepSeek-V4-Flash will soon be fully released.Spokesperson for the Ukrainian President: Ukrainian President Zelensky is currently in Azerbaijan and will meet with President Aliyev.On April 25, Ukrainian President Volodymyr Zelenskyy announced via social media that Russian forces had been conducting strikes against Dnipropetrov and other Ukrainian cities and communities from the evening of April 24 to the early morning of April 25. As of now, the total number of injured across Ukraine has exceeded 30, with casualties reported in Chernihiv, Odessa, and Kharkiv regions, and four deaths. Zelenskyy stated that Russia primarily used attack drones, cruise missiles, and a large number of ballistic missiles, targeting residential buildings, energy facilities, and businesses. Furthermore, Zelenskyy stated that Ukraine must push for the 21st round of European sanctions against Russia. Ukraine has already begun discussions with the EU team regarding possible new sanctions, with the core objective of significantly limiting the capabilities of Russias military industry.Market news: Pony.ai-W (02026.HK) announced a new generation of autonomous driving computing platform built on NVIDIAs (NVDA.O) Drive Hyperion system.On April 25th, DeepRoute.com held a technology launch event at the Beijing Auto Show. CEO Zhou Guang stated that the companys multimodal large-model capabilities will achieve a breakthrough by early 2026. The starting point for large-model autonomous driving is far superior to the previous generation of technology. Small-model autonomous driving suffers from a "seesaw effect," failing to achieve full-scenario safety coverage. The company has fully shifted to the large-model approach, aiming to achieve 1,000-kilometer MPCI this year. At the launch event, Ruan Chong, former core researcher of multimodal technology at DeepSeek, made his first public appearance as Chief Scientist of DeepRoute.com. Ruan Chong stated that the company is moving from multiple small models to a unified base large-model architecture, further dividing it into three more specific models: driving, analysis, and evaluation. Currently, the single model iteration cycle has been reduced from over 100 hours to over 10 hours.

The USD/CNH Exchange Rate Fluctuates Around 6.9000 As Focus Shifts To PBoC Policy

Daniel Rogers

Mar 17, 2023 13:53

Throughout the Asian session, the USD/CNH has maintained a range near 6.9000. Before taking action on the main, investors are awaiting the People's Bank of China's (PBOC) interest rate decision on Monday.

 

After a strong recovery on Thursday, S&P500 futures are exhibiting minimal losses in the Asian session, indicating a rise in market participants' risk appetite. The US Dollar Index (DXY) has escaped the tight consolidation between 104.30 and 104.60. Investors' skepticism regarding the Federal Reserve's (Fed) prospective monetary policy has diminished the appeal of the USD Index in the wake of a decline in U.S. inflation and escalating banking turmoil.

 

Following an optimistic recovery in 500-US stock basket futures, lethargic demand for US government bonds has increased the returns on the same. The yields on 10-year Treasury notes have surpassed 3.59 percent.

 

In the future, emphasis will be placed on the release of the PBoC's monetary policy decision. Economists from the UOB Group speculate that the PBoC may reduce the Loan Prime Rate (LPR) at its March 20 meeting. The 1Y loan prime rate (LPR) could fall to 3.55 percent and the 5Y loan prime rate (LPR) could fall to 4.20 percent after the National People's Congress (NPC). This is due to the need for additional measures to support the actual economy and the wish to increase housing demand.

 

In addition, an upward revision of China's projected Gross Domestic Product (GDP) would strengthen the Chinese Yuan. Goldman Sachs has increased its GDP forecast for China for 2023 from 5.5% to 6%.

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