On June 14th, Jinshi Data reported that HSBC strategists Joey Chew and Paul Mackel stated that HSBC raised its expectations for the US dollar against the yen, because the time when the Fed's critical point appears will be delayed, but HSBC still expects the yen to rebound in the next 12 months. HSBC raised its forecast for the US-Japan 2024 fourth quarter from the previous 145 to 152, and raised its forecast for the second quarter of 2025 from 143 to 148. The strategist also stated: 'We still believe that the US dollar against the yen will decline in the next 12 months, but we have adjusted the forecast trajectory to make the critical point appear later this year, when the Fed may cut interest rates and the market will pay more attention to the risks around the election.' HSBC expects the Fed to cut interest rates in September.

According to IT House's report on August 17, OpenAI announced on Wednesday that it has acquired digital product company Global Illumination. This is OpenAI's first public acquisition. The specific amount of the acquisition was not disclosed. OpenAI said that the entire team from Global Illumination has joined OpenAI and will work on its core products, including ChatGPT. It is reported that Global Illumination is a New York company founded in 2021. Its founders Thomas Dimson, Taylor Gordon and Joey Flynn have all worked at Instagram, which is owned by Meta Platforms. Global Illumination has recently focused on developing open source technologies related to online game production. Dimson says on his personal website that he helped write some of the original code for Instagram's content-ranking algorithm.