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Real-time News
On May 28th, Li Xiang, Chairman of Li Auto (02015.HK), stated during the companys Q1 earnings call that it will take at least three years for humanoid robots to reach the development level of the electric vehicle industry. Currently, there are numerous technical challenges to overcome, and consensus has not yet been reached on various technological approaches. Li Xiang also indicated that startups, mid-sized companies, and large manufacturers alike will enter the humanoid robot market.Intel (INTC.O) introduces the new INTEL® ARC™ G-series processors, designed for next-generation handheld gaming systems.Four members of the South African Reserve Banks Monetary Policy Committee supported a 25-basis-point rate hike, while two others advocated keeping rates unchanged.The South African Reserve Bank raised its policy rate by 25 basis points to 7.00%, in line with expectations.On May 28th, Federal Reserve official Williams stated that it remains unclear how the increase in productivity will ultimately affect interest rates and the Feds policy-making. Williams said, "My answer to the question What impact will changes in trend productivity growth have on the economy and monetary policy? is not surprising—it depends on the specifics." He added, "Specifically, it depends on the nature of the change itself and its expected duration." Williams remarks come as Fed officials are trying to assess the impact of recent productivity leaps, and expectations of further productivity gains due to advancements in artificial intelligence, on inflation and the labor market. Several Fed officials have expressed uncertainty about how these dynamics will ultimately unfold.
