Is the U.S. economy at its peak? It's suddenly fluctuating. Fed Chairman Powell'

Is the U.S. economy at its peak? It's suddenly fluctuating. Fed Chairman Powell's announcement today seems to be a very important variable.

The New York Stock Exchange gained ground ahead of the results of the FOMC meeting, with a stream of low-priced buying across sectors. The S&P 500 once again hit an all-time high and the Dow also saw a strong recovery.

Of course, it's too early to say that the broader market has all recovered. The Nasdaq, which is still the market's leading force, is still quite sluggish, and the Nasdaq, which leads the generative AI craze, introduced blockbuster products at GTC 2024, but the market seems to have already reflected this in its price.

In fact, Wall Street evaluates that Nvidia has solidified its generated AI leadership and further raised barriers to entry with this hardware/software upgrade, but says, "There have been no big surprises."

It is also noteworthy that Bitcoin, which had clearly led the market, has entered the market. In fact, the technology stocks of Nasdaq and Bitcoin of cryptocurrency, two forces that have led the market, are sluggish together.

He seems very nervous ahead of the Fed's first dot plot of the year. Now investors are expected to pay attention to the Fed's interest rate decision and dot plot to be announced tomorrow.

Expectations of a rate cut down from six to three this year, what's the Fed's answer now that inflation is on the rise for two consecutive months? Here's some news from the AI side

1. The Gemini 1.5 Pro is now available to anyone. The API is still in a closed beta, but wait lists have disappeared for access through the web UI called Google AI Studio
- - https://aistudio.google.com/

2. Some examples of implementing Project Devin are emerging, and some real workable implementations are emerging. A project called Project Devika utilizing 12 agents appears to be ongoing (see snapshot)
- - https://github.com/stitionai/devika

3. The peft library of Hugging Face, version 0.10.0 has been released. It offers QLoRA + DeepSpeed ZeRO3 and FSDP. This means that the 70B model is now capable of QLoRA fine tuning with two GPUs with 24GB of memory. (Previously, QLoRA only supported a single GPU.)
- - https://github.com/huggingface/peft/releases/tag/v0.10.0

4. The version 4.39.0 of the Hugging Face's transformers library has been released. New models such as LLaVA-NeXT and Mamba have been added en masse,

A GaLore optimizer has also been added to pre-train 7B or higher models with the highly sensational Consumer hardware.

In addition, Hugging Face has incorporated a new Qunato library dedicated to the Quantification toolkit, and added MLX support to bring models made of the Apple Silicon-specific MLX framework to transformers library compatibility.
- - https://github.com/huggingface/transformers/releases/tag/v4.39.0