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On March 25, Federal Reserve Governor Christopher Waller stated that policymakers may need to keep interest rates stable for a period of time to combat inflation that is significantly above the Fed's 2% target. "While I hope inflation will decline as the impact of tariffs on prices wanes later this year, I want to see evidence of sustained progress in bringing down inflation for both goods and services before considering further rate cuts, provided that labor market conditions remain stable," Waller said. He supported the Federal Reserve's decision last week to keep the benchmark policy rate unchanged. He pointed out that the situation in the Middle East poses "additional risks." Rising oil prices tend to be quickly passed on to gasoline prices, which can be particularly detrimental to low- and middle-income households.

[Fed Governor Barr: Rates May Need to Remain Stable for Some Time]On March 25, Federal Reserve Governor Christopher Waller stated that policymakers may need to keep interest rates stable for a period of time to combat inflation that is significantly above the Fed's 2% target. "While I hope inflation will decline as the impact of tariffs on prices wanes later this year, I want to see evidence of sustained progress in bringing down inflation for both goods and services before considering further rate cuts, provided that labor market conditions remain stable," Waller said. He supported the Federal Reserve's decision last week to keep the benchmark policy rate unchanged. He pointed out that the situation in the Middle East poses "additional risks." Rising oil prices tend to be quickly passed on to gasoline prices, which can be particularly detrimental to low- and middle-income households.

Fed Governor Barr: Rates May Need to Remain Stable for Some Time

On March 25th, Robinhood's board of directors approved a share buyback program of up to $1.5 billion.

[Robinhood Board Approves Up to $1.5 Billion Share Buyback Program]On March 25th, Robinhood's board of directors approved a share buyback program of up to $1.5 billion.

Robinhood Board Approves Up to $1.5 Billion Share Buyback Program

On March 25th, during an interview on the "Mad Money" program, OpenAI CFO Friel stated that as part of its historic financing, the company is raising an additional $10 billion from investors. This new capital brings OpenAI's record-breaking total financing to over $120 billion, significantly exceeding its initial target of $100 billion. OpenAI announced its first round of investment in late February, which was seen as potentially its last private funding round before a major IPO. Additionally, Microsoft has joined this funding round. Despite some changes in the relationship between Microsoft and OpenAI, Friel described Microsoft as a remarkable partner and praised its CEO Nadella for being "involved very early on." Friel mentioned that participants include venture capital firms, private equity, mutual funds, and sovereign entities. "Wherever you look, people truly believe in this AI revolution and want to put their capital into it."

[OpenAI CFO: Total Funding in This Round Reaches $120 Billion]On March 25th, during an interview on the "Mad Money" program, OpenAI CFO Friel stated that as part of its historic financing, the company is raising an additional $10 billion from investors. This new capital brings OpenAI's record-breaking total financing to over $120 billion, significantly exceeding its initial target of $100 billion. OpenAI announced its first round of investment in late February, which was seen as potentially its last private funding round before a major IPO. Additionally, Microsoft has joined this funding round. Despite some changes in the relationship between Microsoft and OpenAI, Friel described Microsoft as a remarkable partner and praised its CEO Nadella for being "involved very early on." Friel mentioned that participants include venture capital firms, private equity, mutual funds, and sovereign entities. "Wherever you look, people truly believe in this AI revolution and want to put their capital into it."

OpenAI CFO: Total Funding in This Round Reaches $120 Billion

On March 25th, OpenAI announced that the OpenAI Foundation anticipates investing at least $1 billion next year and will share further updates in the coming months.

[OpenAI Foundation to Invest at Least $1 Billion Next Year]On March 25th, OpenAI announced that the OpenAI Foundation anticipates investing at least $1 billion next year and will share further updates in the coming months.

OpenAI Foundation to Invest at Least $1 Billion Next Year

On March 25th, Federal Reserve Governor Goolsbee stated that energy shocks could pose risks to the Fed's dual mandate, creating a difficult situation for the central bank. It remains uncertain whether further interest rate cuts will be possible, depending on the duration of ongoing conflicts.

[Fed's Goolsbee Uncertain About Further Rate Cuts]On March 25th, Federal Reserve Governor Goolsbee stated that energy shocks could pose risks to the Fed's dual mandate, creating a difficult situation for the central bank. It remains uncertain whether further interest rate cuts will be possible, depending on the duration of ongoing conflicts.

Fed's Goolsbee Uncertain About Further Rate Cuts

On March 25th, according to the British Daily Telegraph, Iran has refused to negotiate with U.S. Special Envoy for Middle East Affairs Wittcoff and President Trump's son-in-law Kushner, accusing them of "bad faith". Gulf sources stated that Iran will not sit down with Wittcoff and Kushner because Tehran was subjected to a military strike just hours after their meeting in February. U.S. Vice President Vance has remained largely silent during this conflict, and he is considered the preferred candidate for chief negotiator should talks resume later this week in Islamabad, Pakistan. "Vance is the preferred choice," a Gulf source commented on Iran's stance. "They do not want to work with Kushner and Wittcoff because they acted in bad faith." The source added that Iran believes Vance will uphold his commitments, and his involvement is seen as being at an appropriate level to negotiate with Iranian Parliament Speaker Qalibaf. The Vice President may serve as the new head of the U.S. negotiating team, indicating the White House's intention to avoid further economic losses and de-escalate the situation, although the strategy to end the war remains unclear.

[Iran Prefers Negotiating with Vance, Accuses Kushner and Wittcoff of "Bad Faith", British Media Reports]On March 25th, according to the British Daily Telegraph, Iran has refused to negotiate with U.S. Special Envoy for Middle East Affairs Wittcoff and President Trump's son-in-law Kushner, accusing them of "bad faith". Gulf sources stated that Iran will not sit down with Wittcoff and Kushner because Tehran was subjected to a military strike just hours after their meeting in February. U.S. Vice President Vance has remained largely silent during this conflict, and he is considered the preferred candidate for chief negotiator should talks resume later this week in Islamabad, Pakistan. "Vance is the preferred choice," a Gulf source commented on Iran's stance. "They do not want to work with Kushner and Wittcoff because they acted in bad faith." The source added that Iran believes Vance will uphold his commitments, and his involvement is seen as being at an appropriate level to negotiate with Iranian Parliament Speaker Qalibaf. The Vice President may serve as the new head of the U.S. negotiating team, indicating the White House's intention to avoid further economic losses and de-escalate the situation, although the strategy to end the war remains unclear.

Iran Prefers Negotiating with Vance, Accuses Kushner and Wittcoff of "Bad Faith", British Media Reports

According to Golden Finance on March 25th, OpenAI has reportedly completed the initial development of a new AI model. Sam Altman will no longer be directly responsible for the OpenAI safety team, shifting his focus to data center construction, fundraising, and supply chain management.

[OpenAI Reportedly Completes Initial Development of New AI Model]According to Golden Finance on March 25th, OpenAI has reportedly completed the initial development of a new AI model. Sam Altman will no longer be directly responsible for the OpenAI safety team, shifting his focus to data center construction, fundraising, and supply chain management.

OpenAI Reportedly Completes Initial Development of New AI Model

On March 25, the US government, through Pakistan, presented Iran with a 15-point plan to end the conflict, covering its nuclear program, missile capabilities, and regional issues. The main US demands reportedly include: Iran dismantling its existing nuclear capabilities, committing not to develop nuclear weapons, prohibiting uranium enrichment within its territory, handing over approximately 60% of its enriched uranium stockpile, dismantling nuclear facilities in Natanz, Isfahan, and Fordow, and allowing comprehensive inspections by the International Atomic Energy Agency (IAEA). Additionally, the US demands that Iran cease supporting regional allied forces, prohibit providing them with funding, command, and weapons, and limit the scale and range of its ballistic missiles to defensive purposes only, while ensuring the Strait of Hormuz remains open. In exchange, Iran could receive the complete lifting of international sanctions, US support for its civilian nuclear program, and the cancellation of the "snapback sanctions" mechanism. It is understood that the US is considering promoting a one-month ceasefire to facilitate further negotiations on the aforementioned terms. This proposal was driven by Trump's advisors, including Jared Kushner and Steve Witkoff. (CCTV News)

[US Proposes 15-Point Peace Plan to Iran]On March 25, the US government, through Pakistan, presented Iran with a 15-point plan to end the conflict, covering its nuclear program, missile capabilities, and regional issues. The main US demands reportedly include: Iran dismantling its existing nuclear capabilities, committing not to develop nuclear weapons, prohibiting uranium enrichment within its territory, handing over approximately 60% of its enriched uranium stockpile, dismantling nuclear facilities in Natanz, Isfahan, and Fordow, and allowing comprehensive inspections by the International Atomic Energy Agency (IAEA). Additionally, the US demands that Iran cease supporting regional allied forces, prohibit providing them with funding, command, and weapons, and limit the scale and range of its ballistic missiles to defensive purposes only, while ensuring the Strait of Hormuz remains open. In exchange, Iran could receive the complete lifting of international sanctions, US support for its civilian nuclear program, and the cancellation of the "snapback sanctions" mechanism. It is understood that the US is considering promoting a one-month ceasefire to facilitate further negotiations on the aforementioned terms. This proposal was driven by Trump's advisors, including Jared Kushner and Steve Witkoff. (CCTV News)

US Proposes 15-Point Peace Plan to Iran

On March 25, according to Israel's Channel 12 TV on the 24th, the United States is reportedly intending to propose a one-month ceasefire plan to discuss a 15-point agreement with Iran aimed at ending the war. (Xinhua News Agency)

[US Reportedly Offers One-Month Ceasefire to Discuss Iran Deal]On March 25, according to Israel's Channel 12 TV on the 24th, the United States is reportedly intending to propose a one-month ceasefire plan to discuss a 15-point agreement with Iran aimed at ending the war. (Xinhua News Agency)

US Reportedly Offers One-Month Ceasefire to Discuss Iran Deal

According to The Verge, Phil Spencer, Microsoft’s CEO of gaming, is the latest tech exec to take a shot at Meta’s vision of the metaverse. When asked his definition of the metaverse, Spencer described it as “a poorly built video game” at the WSJ Tech Live conference today. “Video game creators have an amazing ability to build compelling worlds that we want to go spend time in,” he said at the conference. “For me, building a metaverse that looks like a meeting room... I just find that’s not where I want to spend most of my time.” Despite Spencer’s comments, though, he does feel that the concept of the metaverse is going to change. “I tease a little bit in [saying it’s] a bad video game. I just think we’re early,” he said. But he feels that, over time, the metaverse is “going to end up looking a lot more like video games than some of the models that I see for the metaverse today.”

Detail

【Microsoft’s CEO of gaming says the metaverse is a ‘poorly built video game’】According to The Verge, Phil Spencer, Microsoft’s CEO of gaming, is the latest tech exec to take a shot at Meta’s vision of the metaverse. When asked his definition of the metaverse, Spencer described it as “a poorly built video game” at the WSJ Tech Live conference today. “Video game creators have an amazing ability to build compelling worlds that we want to go spend time in,” he said at the conference. “For me, building a metaverse that looks like a meeting room... I just find that’s not where I want to spend most of my time.” Despite Spencer’s comments, though, he does feel that the concept of the metaverse is going to change. “I tease a little bit in [saying it’s] a bad video game. I just think we’re early,” he said. But he feels that, over time, the metaverse is “going to end up looking a lot more like video games than some of the models that I see for the metaverse today.”

Microsoft’s CEO of gaming says the metaverse is a ‘poorly built video game’

Article

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Microsoft’s CEO of gaming says the metaverse is a ‘poorly built video game’

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