U.S. stocks close higher, Nvidia surges, Open AI will launch home smart speakers
On July 14 (Tuesday), Eastern Time, the three major U.S. stock indexes collectively closed higher. S&P 500 (SPX) The index rose 0.38% to 7543.59 points; the Dow Jones Index rose 0.02% to 52508.27 points; Nasdaq (NDAQ) The index rose 0.90% to 26107.01 points. On July 14, the benchmark 10-year U.S. Treasury yield was 4.58%, and the 2-year U.S. Treasury yield, which is most sensitive to the Federal Reserve’s policy interest rate, was 4.18%. NVIDIA (NVDA) Apple (AAPL) Google A (GOOGL) Google C (GOOG) Microsoft (MSFT) Amazon (AMZN) Taiwan Semiconductor Manufacturing Company (TSM) Meta(META) Tesla (TSLA) AMD Intel (INTC) French cac40 (FCHI) UK FTSE 100 (FTSE) 10529.39 German dax (GDAXI) 25147.03 Russian rts (RTS) On July 14, overnight Hang Seng Technology Index futures rose 0.32%. China's Golden Dragon Index fell 0.11%, and the FTSE China A50 Index rose 2.33%. In terms of popular Chinese concept stocks, Tencent Holdings (HK0700) (Hong Kong stocks) fell 0.31%, Alibaba (BABA) Pinduoduo (PDD) NetEase (NTES) Baidu (BIDU) Ctrip (TCOM) Li Auto (LI) USD/CNY (off) $58.81/oz $4058.30/oz US$77.95/barrel US$83.32/barrel 13487.86 US dollars/ton OpenAI plans to launch for home use Smart speaker (885771) As its first hardware product OpenAI is developing a screen-less mobile phone , as an AI companion device with human-like characteristics, it can be controlled in a coordinated manner Smart Home (885478) Home appliances, while deeply calling all the capabilities of ChatGPT. The core design feature of this device is that it will continuously complete personalized iterations and proactively provide services to users based on its in-depth understanding of users' usage habits. Its core highlight is that it has exclusive personality traits and can establish a human-like emotional connection with users. OpenAI plans to officially release this product this year and launch it on the market in 2027, but the project may be affected by Proceedings filed were postponed— Accused OpenAI of stealing its trade secrets to speed up the development of its own hardware equipment. (Financial Associated Press) OpenAI responds Company litigation case, no evidence was found to prove that the complaint has a reasonable basis The company's lawsuit took the allegations seriously and found no evidence to support the claim. (Financial Associated Press) We are negotiating with a compressible Artificial Intelligence (885728) Models, startups that make it run natively on iPhone PrismML's technology is being evaluated. The startup claims that the technology can deeply compress high-performance AI models so that they can run directly on the iPhone and reduce memory usage by up to 15 times. This technological breakthrough is expected to allow more The calculation is completed locally on the phone without sending requests to the cloud, thus improving Siri's running speed and strengthening user privacy protection. If the performance claimed by PrismML is fully realized in actual tests, the technology may reshape the market demand for memory and data center computing power; however, analysts said, The industry as a whole will continue to consume a large amount of chip resources. (Sina Finance) Fed Chairman Warsh: I don’t think quantitative easing (QE) itself will cause inflation Federal Reserve Chairman Warsh: He does not believe that quantitative easing (QE) itself will cause inflation, especially in times of crisis. (Sina Finance) Federal Reserve Chairman Warsh: If we can get better data to support decision-making, we will be more confident
Federal Reserve Chairman Warsh said that although today's CPI data was better than market expectations, he did not agree to only look at favorable data. If we can obtain better data to support decision-making, we will be more confident. (Financial Associated Press) Fed Chairman Warsh says higher inflation is unacceptable Federal Reserve Chairman Warsh said that higher inflation is unacceptable, the Fed aims to achieve price stability, and we have the tools. (Financial Associated Press) Federal Reserve Chairman Warsh: Good for the economy overall It's good for the economy overall, but I don't want to be complacent about it. (Sina Finance) Warsh: Supreme Court answers questions about Fed independence, my goal at Fed is to eliminate politics Warsh: The Supreme Court answered questions about the Fed’s independence, and my goal at the Fed is to eliminate politics. It is reported that the cooperation with Mitsubishi Heavy Industries Data center cooling and power team up Cooling and powering the data center collaborate. (Blue Whale News)
Federal Reserve Chairman Warsh said that although today's CPI data was better than market expectations, he did not agree to only look at favorable data. If we can obtain better data to support decision-making, we will be more confident. (Financial Associated Press) Fed Chairman Warsh says higher inflation is unacceptable Federal Reserve Chairman Warsh said that higher inflation is unacceptable, the Fed aims to achieve price stability, and we have the tools. (Financial Associated Press) Federal Reserve Chairman Warsh: Good for the economy overall It's good for the economy overall, but I don't want to be complacent about it. (Sina Finance) Warsh: Supreme Court answers questions about Fed independence, my goal at Fed is to eliminate politics Warsh: The Supreme Court answered questions about the Fed’s independence, and my goal at the Fed is to eliminate politics. It is reported that the cooperation with Mitsubishi Heavy Industries Data center cooling and power team up Cooling and powering the data center collaborate. (Blue Whale News)