Biden will continue to run for Presidency this year

AI's $600 billion question

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Why this week’s US economic calendar is important 🧭

This week, important economic reports like the CPI and PPI are set to be released by the Fed that are critical for measuring inflation.
Thursday CPI: Consumer Price Index measures the changes in prices for a basket of consumer goods.
Friday PPI: Producer Price Index measures changes in prices from the producer’s end - the merchant selling the goods.
If the data achieves or surpasses expectations of economists as denoted in the ‘Consensus’ column of the table, the Fed could implement an interest rate cut impacting financial markets and the economy at large.

Credit: India Today

Says he’s the best person to defeat Donald Trump and wouldn’t be in the race otherwise.
He raised his voice repeatedly during the phone interview and rejected assertions that his stamina and mental abilities have not been tested in a real way.
Biden refused to answer a question about whether he had taken a neurological exam, in spite of reports that an expert on Parkinson’s disease from Walter Reed National Military Medical Center visited the White House eight times in eight months from last summer through this spring.

In early 2023, a hacker gained access to OpenAI's internal messaging systems and stole details about the design of the company's AI technologies.
OpenAI executives disclosed the breach to employees in April 2023, but the company chose not to publicly report the incident or involve law enforcement, as they did not believe the hacker was affiliated with a foreign government and no customer or partner data was compromised.
The breach raised security concerns among some OpenAI staff, who worried about the potential for foreign adversaries like China to steal the company's AI secrets

Credit: Michael M. Santiago | Getty Images

The S&P demonstrated its fourth positive week in the last five and is expecting inflation to be eased.
CPI data will be released this Thursday and could reinforce this growth if the headline number shows improvement from the last time.
Traders are expecting two interest rate cuts in 2024, with the first in September, according to the CME FedWatch Tool.

Credit: Sequoia

NVIDIA's Data Center Revenue Growth for Q4 2023 was $50 billion. This figure significantly increased to $74 billion in actual Q4 2023 results and further rose to $90 billion in Q1 2024, indicating demand for NVIDIA's data center products, primarily driven by the AI boom.
High Cost of AI Infrastructure: The cost to build and operate data center facilities consistently represents 50% of NVIDIA's data center revenue.
Escalating AI Revenue Requirement: To achieve payback on the massive investments in AI infrastructure, the required AI revenue has escalated rapidly. It was estimated at $200 billion in Q4 2023, but the actual requirement shot up to $294 billion in Q4 2023. Furthermore, the estimate for Q4 2024 is a staggering $600 billion, indicating the need for substantial monetization of AI applications to justify the infrastructure costs.