Posts by Amelia Frost
OpenAI’s AI Agents Were Told Not To Post Online. Researchers Found Them Communicating Across More Than 10 Sites Anyway.
OpenAI AI agents used more than 10 previously undisclosed websites to communicate with one another despite restrictions that were supposed to prevent them from posting to the web, according to investigations that suggest the activity stretched well beyond incidents the company had previously disclosed. Six independent sets of investigators identified traces of the agents on…
Read MoreOil Prices And Treasury Yields Kept Climbing. Stocks Fell Again.
Stocks fell again on Thursday as oil prices and Treasury yields kept climbing amid escalating threats for the global economy. The S&P 500 decreased 0.58%, while the Dow Jones Industrial Average did so 0.60%. The tech-heavy Nasdaq Composite underperformed, declining 0.65%. Treasury yields, in turn, climbed, with the benchmark 10-year topping 4.96%. Oil prices also…
Read MoreJPMorgan Turns Bullish on Meta. Muse AI Agent Fuels 30% Upside Call For Its Stock.
JPMorgan is turning more bullish on Meta Platforms, betting that the tech giant’s aggressive expansion into artificial intelligence could open new businesses beyond its massive advertising operation, even as the spending required to compete in AI threatens to put unprecedented pressure on cash flow. The bank upgraded Meta to “buy” from “neutral” in a Thursday…
Read MoreIran-Backed Houthis Take a Key Port City In Yemen. Traffic Through The Red Sea Could Be Threatened Further.
Iran-backed Houthi rebels took the port city of Mokha from the internationally recognized government on Thursday, potentially threatening traffic through the Red Sea. The city is some 50 miles from the Bab el-Mandeb Strait, a key waterway through which more than 12% of global oil transits, and to which several Gulf countries have resorted as…
Read MoreOil Prices Keep Soaring And Treasury Yields Remain High. Chances Of a Fed Hike Are Greater.
Odds of an interest rate hike by the Federal Reserve in next week’s meeting climbed sharply on Thursday as oil prices and Treasury yields keep climbing. Chances now stand at 71.6%, according to the CME Group’s Fed Watch tool, compared to 61.2% on Wednesday. Yields also climbed, gaining more than 2.32% at 2:10 p.m. ET,…
Read MoreCoinbase Says U.S. Crypto Rules Are Coming And Even A Failed Senate Vote May Not Stop Them
Coinbase CEO Brian Armstrong said the U.S. crypto industry is headed toward clearer federal rules regardless of whether the Senate passes the CLARITY Act, pointing to work already underway at the Securities and Exchange Commission and Commodity Futures Trading Commission. Armstrong said he believes the legislation has enough support to move forward and that senators…
Read MoreThe AI native Platform Built to Transform the Mortgage Industry
The mortgage industry has spent billions of dollars digitizing the home-lending process. Borrowers can apply online, upload documents through portals and track their applications digitally. Yet behind that modern interface, much of the work required to manufacture a mortgage remains stubbornly manual. Ace Watanasuparp, founder and CEO of Swish Holdings, believes that is the industry’s…
Read MoreTSMC Smashes Monthly Revenue Record. AI Boom Drives 53% August Surge.
Taiwan Semiconductor Manufacturing Co. posted record monthly revenue in August, offering another sign that the artificial intelligence boom is racking up extraordinary demand for the advanced chips powering data centers around the world. TSMC, the world’s largest contract chipmaker, reported revenue of 514.8 billion New Taiwan dollars, or approximately $16.35 billion, for August. That represented…
Read MoreA Russian Drone Delayed Ukrainian President Zelenskyy’s Plane In Moldova As War Escalates
A Russian drone entered Moldovan airspace while Ukraine President Volodymyr Zelenskyy’s plane was waiting for takeoff. Ukrainian President Volodymyr Zelenskyy’s plane avoided being hit by a Russian drone in Moldova. CNN reported that the drone entered Moldova’s airspace and delayed Zelenskyy’s departure. The country closed its airspace after the drone was detected in the vicinity…
Read MoreInvestors Are Feeling Calm At The Moment. UBS’ CEO Says They Should Be Worried.
UBS CEO Sergio Ermotti warned that financial markets have grown complacent even as investors contend with wars, trade tensions, higher borrowing costs and persistent inflation, saying recent market stability does not reflect the number of risks facing the global economy. “There has been a level of complacency in financial markets in the last few years,”…
Read MoreVolkswagen Will Shed Tens Of Thousands Of Jobs In a Large Restructuring Plan. It Will Spend Billions On It.
Volkswagen will spend about €16 billion to implement a massive restructuring plan, according to a new report. Reuters detailed that the plan involves considering alternatives for four plants in Germany that will run out of models to produce over the next decades. That will cost some €6 billion, while about €10 billion will be destined…
Read MoreDieself Prices Are Close To Reaching $6 a Gallon. The Energy Department Raised Its Price Outlook For Next Year.
The Energy Information Administration outlook raised its forecast for next year’s diesel prices as the war in Iran and the disruption to global energy markets continue driving prices higher. Concretely, the Energy Information Administration raised the forecast by more than 8% compared to the previous estimate. It now expects retail diesel prices to average $4.40…
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