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OpenAI’s Competitor, Anthropic, Has Released Its Most Powerful AI Yet

by THEFUTURE.TEAM

June 21, 2024

OpenAI competitor Anthropic has released Claude 3.5 Sonnet, its most powerful AI model to date.

KEY FACTS

Claude is one of the chatbots that, like OpenAI’s ChatGPT and Google’s Gemini, has gained extreme popularity in the last year.
Anthropic, which was founded by former heads of the OpenAI research team, has backers including Google, Salesforce and Amazon.
Over the past year, the company has closed five different financing deals totaling approximately $7.3 billion.”
The news follows Anthropic’s debut of the Claude 3 family of models in March and OpenAI’s GPT-4o in May.

IMPORTANT QUOTE

“Claude 3.5 shows a marked improvement in understanding nuance, humor and complex instructions, and is exceptional at writing high-quality content with a natural, relatable tone,” the company said. It can also write, edit, and execute code.

WHAT TO WATCH FOR

Anthropic also announced Artifacts, which allows the user to ask the Claude chatbot to generate, for example, a text document or code, and then opens the result in a separate window.

“This creates a dynamic workspace where users can see, edit and build on what Claude has created in real-time,” the company said, adding that it expects Artifacts to be useful for code development, drafting and analyzing legal contracts, writing business reports and more.

Oil Prices Dip Amid Rising U.S. Crude Inventories and Middle East Tensions

by THEFUTURE.TEAM

October 23, 2024

Oil prices experienced a slight decline on Wednesday following reports of a larger-than-expected increase in U.S. crude inventories. This drop was moderated by ongoing concerns over Middle East tensions, particularly as Israel continued its military actions in Gaza and Lebanon.

Brent crude futures saw a slight decrease of 0.3%, settling at $75.84 per barrel, while U.S. West Texas Intermediate (WTI) crude futures also dipped 0.3% to $71.54 per barrel. Despite the decline, oil prices had risen earlier in the week, supported by uncertainty over how the Israel-Iran conflict might evolve, especially following U.S. Secretary of State Antony Blinken’s diplomatic efforts in Israel.

Meanwhile, the American Petroleum Institute (API) reported a 1.64 million barrel rise in U.S. crude stocks last week, significantly higher than analysts’ expectations of a 300,000-barrel increase. This unexpected stockpile increase weighed on the market, adding pressure to oil prices.

Analysts are also keeping an eye on China’s economic stimulus efforts, which could positively influence global oil demand. Market strategists, like Yeap Jun Rong, have noted that the potential for a longer conflict in the Middle East could lead to continued price volatility.

This situation, combined with geopolitical risks and economic variables, continues to impact global oil markets, leaving traders wary of further price shifts.