Longbridge Breakfast | Market bets on Fed rate cut in July, Amazon smart speakers to add "ChatGPT-like" feature

US Treasury Secretary Yellen reiterated that the US may default as early as June 1st, which could cause financial market turmoil. The market is starting to bet on a rate cut by the Fed in July, and the market's attitude towards risky assets such as stocks is extremely pessimistic. Regarding the gap between the current domestic large-scale model development and OpenAI, Zhou Hongyi said that the gap is at least two years. Former Yahoo CEO Marissa Mayer said her biggest regret was not being able to split Alibaba's shares in a tax-free manner.