The last week of August has begun. Last Friday, Mr. Powell made a remark about a September rate cut in Jackson Hole, and on the same day, Mr. Ueda of Bank of Japan mentioned about possible rate hike at Japanese parliament. It seems that we need have to closely follow how the interest rate policies of these two countries will affect the global economies next month.
Today, European Central Bank also announced that ithey would continue to lower rates.
The highlight of this week will likely be NVIDIA’s earnings announcement. NVIDIA’s earnings and future outlook will directly reflect the future outlook of the global AI industry.
For the past few years, there has been a lot of excitement around the world as if the AI era was about to begin, as if human life would begin anew… Now, it seems that we need to take a sober look at the AI industry.
It is known that over the past three years, approximately $330 billion has been invested in 26,000 AI or machine learning-related startup companies around the world.
Among them, Open AI, the most representative AI company, received $13 billion in investment from Microsoft alone…
