Sam Altman, CEO of OpenAI, said in a media interview on Friday that if OpenAI is willing, its profitability may come sooner than he initially expected. However, the private company currently has no pressure from the public market and will continue to invest in training and algorithm development. "It feels good not to go public," Altman said.
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OpenAI CEO says it feels good not to be IPO
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JPMorgan Chase issues Galaxy short-term bonds on Solana network
JPMorgan arranged and created, distributed, and settled a short-term bond on the Solana blockchain for Galaxy Digital Holdings LP, as part of efforts to enhance financial market efficiency using underlying cryptocurrency technology. -
HSBC expects the Federal Reserve to refrain from cutting interest rates for the next two years.
HSBC Securities predicts the Federal Reserve will maintain interest rates stable at the 3.5%-3.75% range set on Wednesday for the next two years. Previously, Federal Reserve policymakers lowered rates by 25 basis points with a split vote. The institution's U.S. economist Ryan Wang pointed out in a report on December 10 that Federal Reserve Chairman Jerome Powell was "open to the question of whether and when to further cut rates at next year's FOMC press conference." "We believe the FOMC will keep the federal funds rate target range unchanged at 3.50%-3.75% throughout 2026 and 2027, but as the economy evolves, as in the past, it is always necessary to pay close attention to the significant two-way risks facing this outlook." -
Institution: US AI companies face power pressures that will drive up operating costs.
Benjamin Melman, Chief Investment Officer of asset management company Edmond de Rothschild, pointed out that American artificial intelligence companies are facing intense competition in terms of electricity costs. He stated that the current power capacity in the U.S. is insufficient to meet the growing demand of AI companies, and electricity prices are significantly higher compared to other countries. "The U.S. faces intense competition in electricity costs, which will drive up the operating costs of AI." -
Institutions: The US dollar may face further pressure next year, with AI bubble and interest rate outlook being key risks.
Benjamin Melman, CEO of asset management company Edmond de Rothschild, stated that the US dollar may face downside risks again next year. "If the market worries again about US interest rates or if the artificial intelligence bubble suddenly bursts, the US dollar will be at risk." With the Federal Reserve cutting interest rates, the US dollar has continued to weaken this year. The US Dollar Index (DXY) recently fell 0.05% to 98.59. In mid-September, the index hit a three-and-a-half-year low of 96.218. -
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The U.S. spot Ethereum ETF saw net inflows of $56.48 million yesterday.
according to Trader T monitoring, the US spot Ethereum ETF had a net inflow of 56.48 million USD yesterday. -
Data: The global market capitalization of stablecoins reached $310 billion, a record high.
according to Token Terminal data, the global stablecoin market value has reached 310 billion USD, setting a new record high. -
Zuckerberg instructs Meta to abandon open-source artificial intelligence
market news: Meta Platforms CEO Zuckerberg has instructed Meta to abandon open-source artificial intelligence. Insiders say Meta used Alibaba's Tongyi large model to fine-tune the new AI model. Alibaba (BABA.N) rose more than 4% pre-market, Meta Platforms (META.O) fell more than 1%. -
He Yi: BNB will be airdropped to users who have suffered losses due to their WeChat accounts being hacked.
Binance co-founder Yi He's WeChat account was recently hacked, causing some users who trusted her friend circle information to purchase a certain meme coin and suffer losses. Yi He has announced that she will personally allocate a certain amount of BNB to compensate users who traded this meme coin through Binance non-custodial wallets and the Alpha platform during the account hacking period and incurred losses. The airdrop will be completed within 24 hours. -
Fidelity: Buyers purchased approximately 430,000 Bitcoins around $85,500, a price level that may be a key support level.
Fidelity Digital Assets, a subsidiary of Fidelity, posted on the X platform that with the shift in macro expectations, Bitcoin has regained upward momentum, currently fluctuating around the $90,000 range. Trading data shows that the buying volume of Bitcoin near $85,500 (about 32% below the historical high) has reached approximately 430,000 coins, indicating that this price level will be an important support level. The market volatility has now stabilized, and Fidelity will closely monitor the market's reaction to today's Federal Reserve meeting.
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