NVIDIA (NVDA.O) rose about 3.6% intraday at one point, its largest single-day gain since Sept. 2.

PBOC conducted 139 billion yuan of 7-day reverse repos today, receiving bids of 139 billion yuan and allotting 139 billion at a 1.40% rate. It also carried out 661 billion yuan of overnight reverse repos and a 300 billion yuan 14-day reverse repo via fixed-quantity, rate-bidding with multi-price allotment.

The Wall Street Journal reports research leaders at OpenAI, Anthropic, Meta and Microsoft have asked policymakers to assess their firms’ advances in automating AI research. In a paper published Monday, OpenAI chief scientist Jakub Pachocki, Anthropic co‑founder Jack Clark, Microsoft chief scientific officer Eric Horvitz and Meta AI research VP Dawn Song warned that automation of AI research could trigger an “intelligence explosion,” compressing progress that would normally take years into months or less and potentially outpacing human understanding. The authors, writing in a personal capacity, urged urgent transparency from companies on the extent of model‑development automation.