News

According to a report by Jinse Finance, sources reveal that OpenAI's compute profit margin for paid users—that is, the proportion of revenue remaining after deducting the costs of running AI models for paid users—has surged from about 52% at the end of last year and around 35% in January 2024 to approximately 70% in October this year. According to an analysis of its financial data by The Information, in contrast, a certain exchange's compute profit margin was about negative 90% last year. The analysis indicates that this exchange is expected to raise its profit margin to around 53% by the end of this year, with the most optimistic forecast suggesting that this figure could reach 68% next year.

Jinse Finance reported that Beth Hammack, President of the Federal Reserve Bank of Cleveland, stated that monetary policy is currently at a good level and that interest rate cuts can be paused to assess the impact of the 75 basis points reduction on the economy. Hammack is currently focused on bringing the inflation rate back to the target level. Economic data received by policymakers showed that the core Consumer Price Index rose by 2.6% year-on-year in November. Hammack said she would not place too much emphasis on any single economic report and hopes to take time before the next meeting to observe broader economic conditions. (Golden Ten Data)

US President Trump stated that the position of Federal Reserve Chairman is the easiest job in the world. The current final list of candidates to succeed Jerome Powell includes BlackRock Chief Investment Officer Rick Rieder, Kevin Hassett, Kevin Warsh, and Federal Reserve Governor Christopher Waller.