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  • 06:48
    Japan and the US Reach Trade Agreement, Japanese Stocks Close Up 3.5%
    Odaily Planet Daily News: The Nikkei 225 Index closed up 1,396.40 points, or 3.51%, at 41,171.32 on Wednesday, July 23.
  • 06:46
    Believe Platform CEO and Kled Founder Avi Patel Engage in Public Dispute Over Business Ethics
    According to Jinse Finance, a public dispute has erupted on social media between Believe platform community manager Nicholas Wenzel and Kled founder Avi Patel. Avi accused the platform of lacking support and communication, while Believe CEO Ben Pasternak responded by questioning Avi’s business ethics, citing actions such as deleting social media accounts and secretly selling $500,000 worth of tokens after the $KLED token launch. Previously, Believe’s official channels had praised Kled as a “leading data platform,” but Ben’s subsequent criticism has led the community to question the platform’s inconsistent stance. Avi stated that there are major plans ahead, including collaborations with major AI labs.
  • 06:38
    Institutions: The US Economy Has Not Receded as Expected, with AI Possibly Being the Main Contributor
    According to an analysis by foreign media, for the second time in three years, concerns about a U.S. economic recession have once again been disproven by reality. This time, the artificial intelligence (AI) boom may be the main driving force. As generative AI enters its third year, its financial impact has long extended beyond just the stock prices of chip manufacturers. The surge in data center construction and overall capital expenditures is “beautifying” U.S. GDP figures in a remarkable way. Jason Thomas, Chief Investment Strategist at Carlyle Group, pointed out that this capital expenditure represents an effective reindustrialization of American companies, shifting their focus from software and intangible assets to investments in factories, machinery, and energy—something unprecedented. The impact on GDP is significant. Thomas estimates that AI-related spending alone may have contributed to one-third of the U.S. GDP growth rate in the second quarter of this year. Moreover, orders in related industries continue to expand at an annual growth rate of over 40%.
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