NVIDIA CEO Jensen Huang said he tries to pay employees as much as possible, commenting on partner Samsung Electronics’ recent compensation deal that offers chip engineers bonuses of up to $400,000. Huang said “I try to pay as much as possible, and I do, but that doesn't mean it's right.” He dismissed claims that AI threatens jobs as “nonsense,” saying AI will boost income, profits and GDP. Samsung’s March filing shows average employee pay last year was 158 million won (about $105,000).

Reserve Bank of Australia MPC member Ian Harper said long-term inflation expectations have risen modestly and markets now expect consumer prices to remain above the RBA’s target for an extended period — a shift not seen in years. Harper, one of nine MPC voters, warned that if long-term expectations risk becoming unanchored, strong policy action would be required. This was his first speech since joining the committee.

Hungary's finance minister said a revised budget bill will be submitted to parliament before the end of August.