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"Wukong" is born! Zhejiang University releases a 2-billion-neuron brain-inspired computer, is China's AI reaching new heights? ⑴ On August 2nd, the National Key Laboratory of Brain-Computer Intelligence at Zhejiang University released the next-generation neuromorphic brain-inspired computer "Wukong." ⑵ "Wukong" supports over 2 billion spiking neurons, ranking among the world's leading neuromorphic brain-inspired computer systems. ⑶ The system consists of 15 blade servers, each integrated with 64 Darwin III-generation brain-inspired computing chips. ⑷ A single chip can support over 2.35 million spiking neurons and hundreds of millions of synapses. ⑸ Laboratory Director Pan Gang explained that "Wukong" has over 100 billion synapses, a number of neurons close to that of a macaque brain. ⑹ Under typical operating conditions, its power consumption is approximately 2,000 watts. ⑺ Currently, "Wukong" has successfully run the DeepSeek brain-inspired large model, capable of performing intelligent tasks such as logical reasoning and content generation. ⑻ It can also preliminarily simulate the brains of a variety of animals, from C. elegans to macaques. ⑼ The release of Wukong marks a major breakthrough for China in the field of brain-inspired computing.

Behind the Yen's Plummet: Is the US-Japan Trade Deal Failed? Can Hawkish Central Bank Rhetoric Reverse the Tide? ⑴ The yen has recently fallen sharply against the US dollar, raising market doubts about the US-Japan trade deal's ability to boost the Japanese economy. ⑵ Investor expectations for a Bank of Japan rate hike by the end of the year are only 70%. ⑶ At its July meeting, the Bank of Japan did not signal a strong tightening policy. ⑷ Traders are awaiting wage growth and household spending data due this week. ⑸ Strong June wage and consumption data could reignite market bets on a Bank of Japan rate hike, providing support for the yen. ⑹ In addition, the Bank of Japan's summary of its meeting, released this Friday, will also attract significant attention. ⑺ If the summary is more hawkish than Governor Ueda's previous statements, the yen exchange rate is expected to receive a boost. ⑻ Elsewhere, Chinese trade data and New Zealand's quarterly employment data are also likely to attract attention. ⑼ Of particular note, the Reserve Bank of New Zealand's latest inflation expectations will directly impact market speculation of a rate cut.

[US-Canada trade negotiations are in trouble, is the Canadian dollar on the verge of death?] ⑴ Under Trump's tariff policy, trade relations between the United States and Canada remain tense. ⑵ The United States imposed a 35% tariff on Canadian goods not included in the USMCA agreement. ⑶ This move has caused the Canadian dollar to fall to a two-month low against the US dollar. ⑷ At the same time, the Bank of Canada is facing a dilemma between rising inflation and a slowing economy. ⑸ Although Bank of Canada Governor Macklem said that potential inflation may gradually subside, he also hinted that further interest rate cuts may be needed if the economy continues to weaken. ⑹ The market will closely monitor the upcoming July employment report, which will be a key indicator of the economic direction. ⑺ If the employment data is strong, it may reduce the need for the central bank to cut interest rates immediately, thereby providing support for the Canadian dollar. ⑻ Conversely, if the data is weak, it will increase pressure on the central bank to ease monetary policy, and the Canadian dollar may face further downside risks.

The trade war escalates again, with US-Mexico-Canada (USMC) negotiations at a stalemate. Could global markets be poised for significant volatility? ⑴ Although the US has reached agreements with several major trading partners, trade uncertainty persists. ⑵ Investors are closely monitoring ongoing trade negotiations between the US, Canada, Mexico, and other countries. ⑶ Mexico has secured a tariff extension, but Canada has not and now faces a 35% tariff. ⑷ Meanwhile, the trade truce agreement between the US and China expires on August 12, and no new agreement has yet been reached. ⑸ In addition, the US has imposed tariffs of at least 10% on other countries worldwide, including 39% on Switzerland and 25% on India. ⑹ Although the new tariffs don't take effect until August 7, the market is already realizing their severity. ⑺ These tariffs could have a more severe than expected impact on US domestic inflation and the global growth outlook. ⑻ Traders should be vigilant, as a new round of tariff-related market volatility could occur at any time. ⑼ Negative trade news may also affect market confidence in the US economy, leading to weak demand for Treasury issuance and thus pushing up long-term bond yields.

[US-Canada trade negotiations have reached an impasse, is the Canadian dollar facing a life-or-death test?] ⑴ The Bank of Canada held its overnight interest rate steady at 2.75% at its recent meeting. ⑵ The central bank's statement primarily focused on the potential impact of US tariffs on the Canadian economy. ⑶ Although the Canadian economy has shown some resilience, the central bank remains cautious on monetary policy. ⑷ Market expectations currently suggest the Bank of Canada will maintain interest rates until the end of the year, which may provide support for the Canadian dollar. ⑸ US-Canada trade negotiations are a key factor influencing the Canadian dollar, and the current outlook for the negotiations is not optimistic. ⑹ Trump's tariff policy and Canada's stance on Palestinian statehood have complicated the negotiations. ⑺ If the negotiations reach an impasse or tensions escalate, the Canadian dollar may face downward pressure. ⑻ In addition, rising oil prices may provide some support for Canada, a major oil producer. ⑼ Canada is about to release July employment data. If the labor market tightens, it may further support the Canadian dollar; otherwise, it will increase pressure on the central bank to ease monetary policy.

[Gansu Province issues orange alert for geological disaster meteorological risk] The Gansu Provincial Department of Natural Resources and the Gansu Provincial Meteorological Bureau jointly issued a geological disaster meteorological risk alert on August 2. It is expected that from 16:00 on August 2 to 16:00 on August 3, the risk of geological disasters such as collapse, landslide, and mud-rock flow in Lanzhou City (Honggu District, Yongdeng County, Gaolan County), Baiyin City (Baiyin District, Pingchuan District, Jingyuan County, Jingtai County), Lanzhou New District, and Wuwei City (Gulang County and Tianzhu County) in Gansu Province is high (orange alert); Gannan Prefecture (Hezuo City, Lintan County, Zhuoni County, Zhouqu County, Diebu County, Xiahe County), Lanzhou City (Chengguan District, Qilihe District, Xigu District, Anning District, Yuzhong County), Longnan City (Dangchang County, There is a high risk of geological disasters such as collapse, landslides, and mud-rock flows in the following areas: Li County, Dingxi City (Anding District, Tongwei County, Longxi County, Weiyuan County, Lintao County, Zhang County, and Min County), Tianshui City (Qinzhou District, Qin'an County, Gangu County, and Wushan County), Baiyin City (Huining County), Zhangye City (Ganzhou District, Sunan County, Linze County, and Gaotai County), Linxia Prefecture (Linxia City, Linxia County, Kangle County, Yongjing County, Guanghe County, Hezheng County, Dongxiang County, and Jishishan County), and Pingliang City (Jingning County). (Yellow alert) Please take precautions. (CCTV News)