Wall Street Journal

At the GTC 2026 conference, NVIDIA CEO Jensen Huang positioned the company as a builder of "AI factories," stating that "by 2027, we will see at least $1 trillion in high-confidence demand." He introduced the concept of "Token Factory Economics," emphasizing that performance per watt is the core of commercial monetization. Huang asserted that agents will end the traditional SaaS model, and in the future, "annual salary + token budget" will become the new standard in the workplace.

Powell stated that there will be no progress on the Fed's inflation and employment targets for at least the next year.

From August 22 to 24, central bank governors and economists from around the world will gather for the annual Jackson Hole Global Central Bank Conference. Federal Reserve Chairman Jerome Powell will deliver a keynote speech at 10:00 AM Eastern Time on August 23 (10:00 PM Beijing Time on Friday).