Microsoft (MSFT.US) CEO Satya Nadella emphasized that customers must have the ability to freely switch between different AI models, both closed-source and open-source. On a conference call with analysts on Wednesday, he said that since the beginning of this year, the number of Microsoft customers building with multiple models has quadrupled. "You have to decouple your system framework from the models," Nadella said. "This means that at any given time, any particular model is replaceable. You sh
智通财经2026/07/30 17:16Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Deutsche Bank points out that as central banks in the US, Europe, and Japan are tightening policy simultaneously, the market may still be underpricing the eventual terminal rates. With oil prices remaining high, inflation may spill over into core inflation and wages. Moreover, financial conditions have not tightened in tandem, which could weaken the effect of rate hikes. Citing the experience of 2022, Deutsche Bank notes that the market then expected a total of around 200 basis points of Fed rate hikes in the first year, but the final figure exceeded 400 basis points, illustrating that the market often underestimates the terminal rate.