The Federal Reserve Has Closed the "Novel Activities Supervision Program" Established in 2023
According to a report by Jinse Finance, the Federal Reserve announced on Friday local time that it has closed the "Novel Activities Supervision Program" established in 2023. This program was originally intended, in part, to strengthen oversight of cryptocurrency activities within the banking sector.
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Nvidia CEO Jensen Huang stated that if a customer develops unsafe AI software, Nvidia will stop supplying chips to that client. However, there are limits to how the company judges how others use Nvidia’s technology, and communication would take place before any supply is cut off. Huang also remarked that concerns about AI security risks in the market are greater than the actual situation. Regarding AI infrastructure demand, he noted that the supply-demand imbalance will persist for several years, saying, “It will eventually reach a balance, but that isn’t the case today.”
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