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Real-time News
On October 21, BlackRock CEO Fink warned that lagging data center construction could drive up computing costs and threaten economic growth as demand for artificial intelligence (AI) accelerates. Fink stated, "If we dont build these data centers, it will further exacerbate inflation because current computing costs are already very high. The faster we build data centers, the more computing power we can provide, and the faster we can reduce computing costs." Fink pointed out that slowing down the development of this technology would have broader consequences. "If we delay the construction of this technology, I think it will indeed jeopardize the economy." Fink had previously dismissed concerns about an "AI bubble," pointing to a supply shortage as the core issue and stating that demand growth has exceeded expectations. He also warned that if the construction of related infrastructure lags behind, it could ultimately limit peoples use of the technology.October 21 - Two sources said on Wednesday that Iraq has closed the Sheeb border crossing with Iran, prohibiting the passage of people, vehicles, and commercial trucks until further notice. Another source said the decision was made to reassess security arrangements within the crossing.On October 21, Kyiv Mayor Viktor Klitschko reported that Kyiv was attacked by Russian forces that morning. The attack occurred in the Svyatoshhin district, resulting in two deaths and two injuries. The injured have been hospitalized. There has been no response from the Russian side.On October 21st, Arrow Technology reported that the joint gyratory hot-fire test of the first and second stage engines and servo mechanism of the Yuanxingzhe-1 rocket was successfully completed and delivered to the final assembly plant. The test results showed that the engine operated normally, the servo mechanism completed all gyratory movements according to predetermined commands, and all measured parameters met design specifications. The test verified the coordination, matching, and reliability of the engine and servo mechanism under real ignition conditions, as well as the accuracy of continuous thrust variation of the first-stage engine, laying a solid foundation for the Yuanxingzhe-1s maiden flight into orbit and successful recovery.Indonesian central bank governor: Global interest rates, including in the United States, are expected to remain high for an extended period.
