On August 13, the United States Treasury paid 5.22 percent to borrow for thirty years, the highest nominal cost at a thirty-year auction since 2001. Reuters reported the following day that inflation-adjusted borrowing costs across the major economies had reached their highest levels in more than a decade, with US thirty-year real yields near eighteen-year highs at around three percent, and British and German ten-year real yields at levels not seen in over ten years.
(more…)Tag: Anthropic
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The Shifting Dynamics Of Large Language Models
We are clearly in the early days of a transition and we are watching it unfold before us. Hype aside, it is fascinating to watch artificial intelligence rapidly evolve. A recent article provides a small example. As we view this evolution through the lens of accelerants and obstacles, much has been said about regulations and the limitations of data and compute power (potential obstacles). The article identifies two possible accelerants: intensifying competition and new sources of data. Here is a brief summary.
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Inside the Next Transition 