欧洲央行会议纪要：由于劳动力市场状况同时有所软化，第二轮效应出现的可能性相对较低。

As of June, China’s daily token calls have exceeded 500 trillion. Chinese large models are now in the global first tier amid the industry’s fastest, most intense competitive cycle, and token usage is rising rapidly. One domestic vendor said its newly released production model logged 68x more token calls in its first week versus the prior generation. Industry sources say flagship AI models are updating on roughly monthly cycles and competition is shifting from model IQ to agent deployment and ecosystem build-out. Xiyu Technology open-platform chief architect Feng Wen said input pricing is 2.1 yuan per mln tokens and output 8.4 yuan per mln tokens—below one-tenth the price of some international models—which has widened application and accelerated exponential growth in total token calls.

美国至8月26日4个月国债竞拍-得标利率 3.75%，前值3.75%。