Monday saw a slight increase in U.S. Treasury yields as investors braced themselves for this week’s Federal Reserve policy meeting. At 4.277%, the yield on the benchmark 10-year Treasury note increased by 3.1 basis points. The 30-year Treasury bond yielded 4.35%, which was 2 basis points higher. Price movement is inverse for yields. Traders are…
As pressure grows on Google to explain how it plans to monetize artificial intelligence, the company is launching what it believes to be its largest and most capable model. Three sizes will be available for the large language model Gemini: Gemini Ultra, which is the largest and most capable category; Gemini Pro, which scales across…
Yann LeCun, the chief scientist at Meta and a pioneer in deep learning, stated that he thinks it will take decades for current AI systems to resemble sentient beings with common sense and the capacity to do more than just creatively summarize massive amounts of text. His viewpoint differs from that of Nvidia CEO Jensen…
The startup OpenAI announced early on Wednesday morning on X that Sam Altman will be returning to his role as CEO. The action was taken in response to intense pressure from the board’s investors and staff, who removed him less than a week ago. The Microsoft-backed startup OpenAI announced that Bret Taylor, a former co-CEO…
