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16:52
Lazard CEO: The US economy has become an "AI bet"
Golden Ten Data reported on May 21 that Lazard Bank CEO Peter Orszag stated that the development of artificial intelligence and its boost to the stock market means that the U.S. economy has essentially become a "highly leveraged bet" on the success of AI. Orszag said, "If you look at the source of U.S. economic growth, you'll find it comes from artificial intelligence and high-income consumers," and these consumers also benefit from the stock market rise driven by AI. He stated, "At this stage, the U.S. economy is a leveraged trade betting on AI. Like many bets, it could succeed or it could fail, but it's a good bet worth making." Orszag warned that as businesses and the workforce adapt to changes brought by AI, the economy could face headwinds: "The labor market can handle 'fast, small shocks' or 'slow, large shocks' well—but this time, it could be a 'fast, large shock.'"
16:37
On Wednesday (May 20), ICE UK natural gas futures fell by 5.25% in late European trading, closing at 120.000 pence per kilocalorie. Accelerated decline began at 22:14 (GMT+8).
TTF benchmark Dutch natural gas futures fell by 5.63%, quoted at 49.065 euros/megawatt-hour. ICE EU carbon emission trading allowance (futures price) rose by 1.10%, quoted at 74.76 euros/ton.
16:26
OpenAI is preparing to submit an IPO application soon.
Odaily reports, citing market sources: sources say OpenAI is preparing to file for an IPO soon.
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