研究咨询机构TS Lombard经济学家Dario Perkins在最新研报中表示，其更倾向于AI算力商品化的看空情景，担忧GPU供应瓶颈最终演变为产能过剩，并引发算力租赁市场价格战。根据市场人士估计，约5000亿美元的GPU设备尚待安装。随着这些设备陆续投入使用，当前因算力短缺而维持高位的GPU租赁价格可能大幅下跌。 Perkins指出，数据中心运营商承担着GPU采购、设施建设、债务及长期“照付不议”合同等固定成本，即使算力需求不足，部分付款义务仍需履行。一旦租赁价格下跌，高额固定支出可能迫使运营商持续提供算力，进一步加剧价格竞争和现金流压力。 报告还警告，前沿模型开发商面临Token售价下降、训练成本持续上升及开放权重模型竞争加剧等挑战。由于模型公司与数据中心之间存在交叉持股和循环融资安排，双方的财务压力可能相互传导，形成风险放大效应。Perkins认为，若算力供应最终出现严重过剩，行业可能经历一轮财务困境与破产重组，AI技术普及带来的经济收益则将更多流向终端用户。

Home Secretary Shabana Mahmood has scrapped a plan that would have required migrant social care workers already in the UK to wait 15 years for indefinite leave to remain (ILR). Under the new rules, social care workers who earn at least £25,000 and who arrived before May 2025 may apply for ILR after five years' residence. Mahmood also removed the rule requiring all low‑paid workers to wait 15 years for ILR; the waiting period for other low‑paid workers is reduced to 10 years.

A Qatari foreign ministry spokesperson said the mediation team that traveled to Tehran on Monday evening has returned to Doha and negotiations are ongoing. Efforts to narrow differences continue, and both sides are reviewing proposals put forward by Qatar as mediator.