News

German central bank president: Artificial intelligence may exacerbate inequality.

The German central bank president said the German economy has strong fundamentals and that if the announced reforms are implemented, the public will feel their positive impact.

German central bank president: (Regarding the bond market) Germany will continue to be a pillar of stability in Europe.

German Finance Minister: Germany will provide €50 million in funding for the restoration work at the Chernobyl nuclear power plant in Ukraine.

German central bank president: Germany is preparing for future challenges, and a "fitting plan" for reforms remains crucial.

According to Reuters, Lite-On Technology showcased its 800 VDC power technology at the NVIDIA MGX ecosystem booth at the OCP conference, aiming to drive the development of next-generation AI infrastructure.

According to a report on October 15th, John Vinh, an analyst at US investment bank KeyBanc, pointed out after conducting a recent survey of the Asian semiconductor supply chain that the continued expansion of AI data centers is exacerbating the global shortage of memory chips, driving the industry into a new boom cycle supported by long-term supply agreements. KeyBanc predicts that DRAM prices will rise by 15% to 20% quarter-on-quarter in the fourth quarter of 2026, NAND prices will rise by about 20%, and HBM prices may rise by 80% to 100% in the first quarter of 2027. As memory manufacturers continue to shift advanced capacity to AI data centers, the supply of memory chips for PCs and smartphones is expected to decrease by 20% to 30% in bits by 2027. More noteworthy is the change in customer purchasing behavior. KeyBanc stated that HP and Dell are extending their memory supply agreements to 2031, while Google is discussing extending its agreements to 2035. This means that large technology companies are locking in capacity through long-term procurement arrangements to cope with the uncertainty of future AI infrastructure construction. This trend is also partially confirmed by research from TrendForce. The agency projects that general DRAM contract prices will rise 10% to 15% quarter-over-quarter in the fourth quarter, while NAND will rise 15% to 20%. Enterprise-grade SSDs, driven by AI inference demand, are expected to see a 23% to 28% increase. Market focus is shifting from short-term storage price increases to whether AI capital expenditures can improve storage vendors' profitability visibility through long-term supply agreements.

ECB Governing Council member Rehn: Taking moderate policy measures is appropriate.

ECB Governing Council member Rehn: We must remain vigilant about the inflation outlook.

ECB Governing Council member Rehn: The labor market is not tight, and the slowdown in wage growth continues.

Bank of England Governor Bailey: Compared to a month ago, I am now more hopeful for reaching a greater international consensus on artificial intelligence testing.

Bank of England Governor Bailey: The biggest problem facing artificial intelligence right now is public trust.

Bank of England Governor Bailey: We are seeing signs of a rise in the neutral interest rate.

ECB Governing Council member Rehn: No second-round inflation effect has been observed.

ECB Governing Council member Rehn: The current economic growth outlook is better than at the beginning of the year.

Bank of England Governor Bailey: News from the Middle East is the biggest factor affecting UK government bond yields.

Bank of England Governor Bailey: The UK economy is more resilient than we expected, but not as strong as we need.

Bank of England Governor Bailey: Signs of a second wave have been mild so far, with businesses emphasizing cost-cutting.

Bank of England Governor Bailey: It is too early to draw conclusions about the strength of the second-round effect.

Bank of England Governor Bailey: UK inflation is above target, which is extremely frustrating.