[Comparative Daily News Picks] OpenAI CFO: The company will go public in 2027 or sooner; Bitcoin's short-term rise hits $70,000; Trump: SEC Chairman is pushing to introduce Hyperliquid into the US; US federal government debt exceeds $40 trillion; Federal Reserve meeting minutes: Multiple officials think interest rate hikes may be needed if necessary

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AI · Dynamic

[OpenAI CFO: The company will go public in 2027 or sooner]

Comparing news, OpenAI Chief Financial Officer Sarah Flair said that OpenAI plans to become a public company in 2027, but if the business grows faster, it may go public earlier. Flair said the IPO was a milestone and method of financing. In March of this year, the company closed $122 billion in financing, providing greater flexibility for future growth.

[Nvidia plans to invest in AI data labeling company Mercor, financing valuation may reach $20 billion]

Comparative news, according to The Information, according to a source familiar with the matter, Nvidia has discussed investment matters with data labeling service provider Mercor. Mercor helped the chip designer develop an open source AI model. The investment will be part of Mercor's round of financing valued at $20 billion. Existing investors, General Catalyst, have been negotiating to lead this funding round.

Mercor's past revenue came from closed-source AI model developers such as OpenAI, Google, and Anthropic. However, Mercor's revenue from Nvidia is growing as Nvidia prioritizes the development of Nemotron's open source model.

Nemotron aims to compete with the world's most advanced open source models. According to people familiar with the matter, Nvidia paid Mercor tens of millions of dollars last quarter. In addition to Mercor, Nvidia also uses data from other data vendors such as Turing and Scale, and also has its own in-house data team.

[US CFTC Seeks Public Opinions on AI Computing Power Futures]

Comparatively, as industry giants begin to accept computing power (compute) as a tradable asset, the US Commodity Futures Trading Commission (CFTC) is publicly seeking comments on computing power futures contracts. A number of exchanges, including CME (CME), Intercontinental Exchange, and the emerging fintech company Architect Financial Technologies, have announced plans to launch relevant contracts after receiving regulatory approval. According to these exchanges, the establishment of a futures market with computational power will help end users and speculators hedge against energy shortages or other issues that may affect the technological progress of AI developers.

Crypto · Marketplace

[Bitcoin's short-term pullup hits $70,000]

Comparative news, according to market data, Bitcoin's short-term rise hit $70,000, but now it has fallen back to $69,800, and the 24-hour increase has increased to 8.08%.

[Trump: SEC Chairman is pushing for the introduction of Hyperliquid to the US]

Comparing news, HyperliquidNews posted an article on the X platform stating that Trump said, “The SEC Chairman is promoting the introduction of Hyperliquid into the US.”

[Coinbase CEO: Expect the CLARITY Act to be passed on September 15, followed by a new bull market]

Comparing the news, Coinbase CEO Brian Armstrong recently released a vision board on the X platform, stating that he expects the CLARITY bill to receive strong bipartisan vote on September 15, then usher in Upmonth, and start the next round of the cryptocurrency bull market, and stated “as predicted.”

The CLARITY Act aims to provide a clearer market structure and regulatory framework for US crypto assets. Armstrong's statement reflects its expectations for regulatory progress and a recovery in market sentiment.

Macro · Organization

[U.S. Federal Government Debt Exceeds $40 Trillion]

Comparatively, as US government borrowing has increased at an unprecedented rate in history, the total amount of US treasury bonds has exceeded 40 trillion US dollars. Despite Trump's promises to control government spending, rising debt has raised investors' concerns about the state of America's public finances. According to data released by the US Treasury Department on Wednesday, the total US federal debt broke through the $40 trillion threshold on Tuesday. Over the past year, its debt has increased by $3 trillion, which is the fastest growth rate in history if the pandemic period is not taken into account. “It's like that huge warning light on a car engine,” said Mark Godwin, senior policy director at the Responsible Federal Budget Committee. “This doesn't mean the engine will burn out tomorrow, but it's a clear sign that the situation is out of control. The problem is not only the sheer size of the debt, but also the speed with which we have reached this level.”

Over the past two decades, America's national debt has risen sharply, from less than $6 trillion at the beginning of the century to current levels. Huge public spending during the financial crisis and COVID-19 has exacerbated the widening budget deficit. Overall debt has doubled in the past decade alone. The US Congressional Budget Office predicts that the ratio of federal debt held by the public to GDP will surpass the historic peak of 106% set in 1946 after World War II around 2030, and rise further to 120% in 2036.

[Federal Reserve Meeting Minutes: Many Officials Think Interest Rate Hikes May Be Needed]

Comparing news, the minutes of the Federal Reserve meeting showed that several officials preferred to raise interest rates last month, while many officials said that if inflation fails to fall, monetary policy will need to be further tightened. However, at the July meeting, uncertainty still seriously affected the judgment of Federal Reserve officials.

Meeting minutes show: “Regarding the outlook for monetary policy, participants reiterated that their interpretation of future data will be a key component in policy discussions.”

The FOMC voted 9 to 3 in July to maintain the benchmark interest rate in the 3.5% to 3.75% range. Logan, Hamak, and Kashkari voted against, arguing for a 25 basis point increase in interest rates. Two other regional Federal Reserve presidents who did not have the right to vote in July — Schmid and Mussalem — have since said they would support a rate hike at that meeting if they had the right to vote at that time. Most of the policy discussions at the July meeting revolved around different judgments about future inflation trends. “Most participants expect inflation to gradually decline for the rest of the year as the effects of tariffs and previous increases in energy prices subside, but many participants pointed out that there is still a possibility that inflation will continue to be at a high level,” the meeting minutes said.

[The United States secretly opens a channel in the Strait of Hormuz and transports about 10 million barrels of oil every day]

Comparatively, the US military has established a shipping channel in the Strait of Hormuz to transport about 10 million barrels of oil every day, which is about half of the pre-war volume. The move mitigated the impact of the war on oil supplies and had a clear impact on global energy markets.

[Trump announced the harshest economic sanctions in history against Iran]

Comparing the news, US President Trump said that I have given Iran more opportunities to reach an agreement than anyone else. Sadly, they missed that opportunity. Therefore, today I am announcing the harshest economic sanctions in history against Iran. This will be an unprecedented economic war and isolation. Iran's navy has disappeared, its air force has been destroyed, its military factories are now in ruins, its currency is worth nothing, and the entire country is in a precarious situation. Any country that allows its financial institutions, businesses, airports, or government entities to provide any form of bailout to Iran will face huge economic consequences. Oil smuggling, swap lines, cash transfers, currency exchange agencies, ship registrations, shell companies — all of which must stop immediately. This will be the “Normandy Landing Day” (Economic D-Day) at the economic level, and we need all allies to stand with the US to isolate and defeat the Iranian threat. Iran will never have nuclear weapons.

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