B[CITIC Construction Investment: Meta Muse accelerates the commercialization of intelligent agents, and the Computing Conference strengthens the full-stack AI layout] On September 29, CITIC Construction Investment’s research report pointed out that Meta Muse and the Computing Conference jointly strengthened the logic of AI application implementation to drive computing power demand. Meta launched Muse, a personal AI assistant that supports email, travel reservations and transaction execution. It was downloaded 2.8 million times in the first 12 days after it was launched. Meta also promoted integration with the Shopify payment ecosystem to promote the commercialization of consumer-grade intelligence. At the Yunqi Conference, Alibaba revealed that Qwen 4 is being trained, and the subsequent model is planned to evolve to 5 trillion-10 trillion parameters; it released the Zhenwu V900 chip, proposed a goal of global data center capacity exceeding 20GW in 2032, and promoted the implementation of enterprise intelligence through Qianwen Office. We believe that the upgrade of AI from dialogue to task execution is expected to continue to increase the demand for inference, tool invocation and cloud resources, focusing on high-speed optical modules, switches, servers, liquid cooling and power supplies. A[Overnight global news you need to know on Thursday: The Federal Reserve raised interest rates for the first time in three years, Warsh reiterated that inflation is too high and has lasted for too long, Trump once again urged the Federal Reserve to quickly lower interest rates, and the Dow hit a new closing low since mid-June]
1. The Federal Reserve raised interest rates by 25 basis points, raising the benchmark interest rate to 3.75%-4.00%; this is the first interest rate increase since July 2023.
2. Warsh reiterated that inflation is too high and has lasted for too long, with no significant improvement in summer data. Indicates that the Federal Reserve has decided to cancel part of its easing policy.
3. The median of the Fed dot plot shows that there will be one more interest rate increase in 2026. But after Warsh spoke, traders increased their bets on the Fed raising interest rates twice before the end of the year.
4. Traders predict that the probability of the Federal Reserve raising interest rates in October is about 50%.
5. After the Federal Reserve raised interest rates, many large U.S. banks such as JPMorgan Chase raised their prime lending rates to 7%. The new interest rates took effect from Thursday local time.
6. Trump said that U.S. interest rates should be at or below 1%, and once again urged the Federal Reserve to quickly lower interest rates.
7. Central banks of Saudi Arabia, the United Arab Emirates, Qatar, Bahrain, Oman and other countries have announced interest rate hikes of 25 basis points. Brazil lowered its benchmark lending rate by 25 basis points to 13.75%.
8. The minutes of the Bank of Canada’s monetary policy meeting showed that if high oil prices spread to other goods and services, interest rates may need to be raised.
9. Saudi Arabia is said to be seeking to restore half of the delivery capacity of key oil pipelines within days.
10. U.S. Energy Secretary Wright talked about the shipping volume in the Strait of Hormuz, saying that the seven-day average is 11 million barrels per day.
11. The USITC voted to launch an investigation into some electronic devices containing specific audio technologies. Apple, Samsung and Google were listed as parties under investigation.
12. Multiple banks provided $22 billion in chip-related loans to Blackstone Group and Google parent company Alphabet.
13. NVIDIA announced the establishment of an alliance with Emerald AI and Google to jointly promote the construction of flexible AI data centers.
14. It is reported that Google and DeepMind have established a research institute to explore general artificial intelligence.
15. Amazon plans to build power supply equipment facilities for Fastnet submarine cables in Maryland.
16. OpenAI integrates advertising platforms with HubSpot and Shopify.
17. Microsoft said it is investigating the issue of users being unable to access some Microsoft 365 services.
18. Drone delivery company Zipline is reported to be negotiating a new round of financing, planning to raise approximately US$1 billion with a valuation target of US$20 billion.
19. The three major U.S. stock indexes collectively closed down, with the Dow Jones Industrial Average falling 1.21%, a new closing low since mid-June; the S&P 500 Index falling 0.44%, and the Nasdaq Composite Index falling 0.01%. The KBW Bank Index closed down 2.9%, its biggest drop since February. SpaceX rose more than 5%, and Musk once again signaled that Tesla and SpaceX may merge.
20. The settlement price of international crude oil futures closed sharply. WTI crude oil futures October contract fell 3.21%, Brent crude oil futures November contract fell 2.69%.
21. COMEX gold futures fell 0.7% to US$4,302.5 per ounce; COMEX silver futures fell by 0.68% to US$63.42 per ounce.
— All loaded —
