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Chinas imports in April, calculated in US dollars, rose at an annual rate of 25.3%, below the expected 15.2% and the previous months 27.80%.Chinas exports in April, calculated in US dollars, grew at an annual rate of 14.1%, below the expected 7.9% and the previous months 2.50%.Chinas trade balance in April was $84.82 billion, compared to an expected $83.3 billion and a previous value of $51.13 billion.May 9th - It was learned from the Anhui Provincial Key Laboratory of Quantum Computing Chips that the "Origin Wukong-180" quantum computer, equipped with a self-developed superconducting quantum chip with 180 computing bits per single core, has been put into operation and will begin receiving quantum computing tasks from around the world starting today.Artificial Intelligence: 1. Googles Isomorphic Labs will raise over $2 billion in new funding. 2. The US plans to issue an executive order on AI safety, but it will not include mandatory model testing. 3. DeepSeek is reportedly seeking 50 billion yuan in funding and will release its V4.1 update next month. 4. The Cyberspace Administration of China and two other departments jointly issued the "Implementation Opinions on the Standardized Application and Innovative Development of Intelligent Agents". 5. The National Energy Administration and three other departments issued the "Action Plan on Promoting the Two-Way Empowerment of Artificial Intelligence and Energy". 6. SenseTime released its new SenseNova 6.7 Flash-Lite multimodal model, with a limited-time free Token Plan. 7. Sony and TSMC plan to establish a strategic partnership to set up a joint venture for image sensors in Japan and explore physical AI. Integrated Circuits (Chips): 1. Apple and Intel reached a preliminary agreement on chip manufacturing. 2. TSMC: April revenue was NT$410.73 billion, compared to NT$415.19 billion last month. 3. Malaysia plans to establish an advanced packaging alliance within two years, investing over RM185 million. New Energy Vehicles: 1. Two departments held discussions with relevant departments of Inner Mongolia Autonomous Region and Hohhot City regarding the testing and demonstration of functional unmanned vehicles. Other: 1. Anthropic will raise billions to target computing power, with a valuation potentially approaching one trillion, surpassing OpenAI. 2. The Tianzhou-10 spacecraft-rocket combination has been transported to the launch area and will be launched soon. 3. H3C released its full series of supernodes, UniPoD S80000, designed for trillion-level large-scale models. 4. Nvidia CEO Jensen Huang: Next-generation AI infrastructure will require a large number of optical connections, and copper wires can no longer meet the demand.

Natural Gas, WTI Oil, Brent Oil – Oil Markets Test New Highs

Cory Russell

Jan 18, 2023 16:09

Natural Gas

Natural gas settled near the $3.60 level as traders remained focused on weather forecasts. The current market consensus implies that weather will turn colder closer to the end of the month. However, it remains to be seen whether forecasts will provide additional support to natural gas markets in the near term as current demand for natural gas remains low.

WTI Oil

WTI oil tested new highs today as traders bet on rising demand from China. In its latest report, OPEC said that world demand will grow by 2.22 million bpd in 2023. However, this estimate could be revised as the fourth quarter of 2022 was stronger than expected.

Brent Oil

Brent oil has also enjoyed strong support in today’s trading session. While resistance near the $87 level remains strong, Brent oil will have a good chance to climb above this level if traders stay focused on rising demand from China.