According to CoinWorld, OpenAI CEO Sam Altman, speaking at Stanford University's CS 153 course, outlined the company's future trajectory over the next decade. He pointed out that the global computing power shortage could become a permanent problem, favoring a "citizens' wealth fund" that allows society to hold capital shares rather than relying on universal basic income (UBI). Altman believes that computing power will be the most important public utility of the future, and the massive demand for inference computing power as personal intelligent agents become more widespread will lead to a permanent computing power gap. He estimates an 80% probability of democratization leading to widespread technology distribution, but warns that forces ostensibly focused on security and stability might attempt to concentrate power in the hands of a few giants.

According to CoinWorld, several former crypto policymakers have founded the boutique consulting firm Thompson Street, offering transatlantic regulatory and policy advice to companies in cutting-edge technologies such as crypto, stablecoins, and artificial intelligence. Team members include Brendan Malone, who previously founded a policy lab at Paradigm and worked at the Federal Reserve for six years; Khurram Dara, former Coinbase and Bain Capital Crypto executive; Jon Isaksen, former European Commission official; and Reid Yager, who previously worked at FS Vector and Flashbots. Dara stated that policy choices in the coming years will influence the development of cutting-edge technologies for decades to come, and companies should proactively participate in rule-making rather than passively accepting regulatory outcomes.

Odaily Planet Daily reports that US President Trump stated on the 16th that the US and Iran have successfully signed a memorandum of understanding online, and that negotiations for a US-Iran agreement have now entered the second phase, "which should be easier than the first phase." He also stated that the US will not invest any funds in Iran. (Xinhua)

UBS Global Wealth Management has postponed its expectations for Federal Reserve rate cuts to March and June 2027, and no longer anticipates any rate cuts this year. The firm stated that this move reflects its assessment that this week's meeting will release hawkish signals. UBS now expects the Fed to cut rates by 25 basis points each in March and June next year, compared to its previous forecast of 25 basis point cuts in December 2026 and March 2027. The Fed will announce its interest rate decision this week, which will be the first meeting under the new chairman Warsh, with the market widely expecting rates to remain unchanged. UBS Global Wealth Management analysts stated in a report dated June 15th: "Although Warsh has previously expressed a more dovish stance, we expect the tone of this meeting to be more hawkish, both in the statement and the dot plot." UBS stated that major central banks will not hastily shift to a more dovish policy stance simply because of the US-Iran agreement. Conversely, as developments unfold and data released in the coming months gradually reveal whether the energy shock is triggering a second round of inflation, central banks are likely to maintain a cautious stance. (Jinshi)

According to a Bank of America survey, the rally in artificial intelligence (AI) stocks appears poised to continue. Most investors believe that FOMO (Fear of Missing Out) continues to drive this trading theme. In the bank's monthly survey, approximately 56% of fund managers chose the word "boom" to describe the current stage of the AI cycle. This typically refers to a period where market rallies continue to build momentum, attracting more investors who are afraid of missing out. Only 21% of respondents believed the sector had entered a "frenzy" phase, where stock valuations have been pushed to extreme levels; another 9% described AI as being in a "profit-taking" phase. The survey covered investors managing $465 billion in assets and was conducted from June 5th to June 11th, just before SpaceX's IPO. However, the survey also revealed some investor concerns about the technology sector. Four-fifths of respondents considered buying and holding global semiconductor stocks the most crowded trade in the current market, a record high for the survey. Overall, investors slightly reduced their overweight position in the technology sector from 33% to 26%, and their overweight position in global equities from 50% to 38%. (Jinshi)