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Jinse Finance reported on April 28 that, according to sources, OpenAI has recently failed to meet its targets for new users and revenue. The performance falling short of expectations has caused concern among some members of the management team, leading them to question whether the company can continue to bear the high costs of data center investments. Sources revealed that Chief Financial Officer Sarah Friar informed management that if revenue growth remains sluggish, the company may be unable to pay for future computing power procurement contracts. The sources added that in recent months, the board of directors has stepped up its review of the company’s data center partnership projects. Against the backdrop of slowing business growth, management has also expressed doubts about CEO Sam Altman’s ongoing efforts to further expand computing power. (Sina Finance)

Gelonghui, April 28th｜Ray Dalio, founder of Bridgewater, the world's largest hedge fund, recently advised that due to the high uncertainty brought by the Iran war, investors should allocate 5% to 15% of their portfolios to gold. The Iran war has entered its ninth week, and the world faces various uncertainties. Dalio pointed out that one of the major global concerns is whether the United States can win this war. He also mentioned that the US is facing pressures such as rising oil prices, the upcoming peak summer travel season, and the midterm elections. In addition, there is hope to keep the conflict relatively short-term. Another key issue is who will ultimately control the Strait of Hormuz. Dalio also noted that with the recent increase in the use of RMB in international transactions, as well as US sanctions and changes in global trade, the market’s understanding of “what constitutes money” is changing. He believes it is very important to understand that gold is a form of money. It is the oldest currency and the second-largest reserve currency among central banks. He added that gold also has asset diversification functions, and in such an environment, this is especially beneficial for gold’s performance.

According to ChainCatcher, market sources report that the Russian government legislative committee has approved a Ministry of Finance proposal to include digital currency-related operations within the scope of personal income tax collection, including cryptocurrency exchanges. The bill proposes that transaction costs be calculated using the FIFO (First In, First Out) method and prohibits carrying forward losses from digital currency transactions to future tax periods. Meanwhile, certain services and transactions will be exempt from value-added tax, including digital custody institutions, cryptocurrency exchange services, and some foreign digital rights transactions without physical settlement. For debt-type digital financial assets (such as tokenized bonds), the bill sets separate rules for profit tax calculation and allows the carry-forward of losses. Previously, the State Duma of Russia passed the "Digital Currency and Digital Rights" bill in its first reading.