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On September 14th, OpenAI President and co-founder Greg Brockman stated that any slowdown in AI development should be limited to companies like his own that are building the most powerful models. “Many people will react with this: ‘Can I continue with the open-source model? Can I continue with my hobby projects?’ The answer is definitely yes,” Brockman said. “When we talk about the pace of development, we’re really talking about this cutting-edge field. We’re talking about these multi-billion dollar megacomputers.” Brockman was interviewed before Anthropic CEO Amodei published a blog post on Saturday about the escalating risks of AI. In the post, Amodei pledged to slow the pace of development of advanced models. Amodei’s blog post comes at a time when there are increasing warnings within the industry that the rapid pace of AI development could pose risks to society. In the interview, Brockman noted that OpenAI slowed the frequency of training AI models following the recent Hugging Face hack, which he said was “not unexpected” for OpenAI because these agent systems were not “aligned training”—an industry protocol used to ensure security. However, he also mentioned that the incident prompted OpenAI to strengthen its internal security measures. "We subsequently underwent a very painful readjustment of many processes."On September 14th, it was learned that the State Administration for Market Regulation (CNMR) recently issued the "Announcement on Strengthening the Management of Certification Information Reporting and Certification Certificate Information Inquiry," outlining reforms to the management of certification information reporting and certification certificate inquiry. The "Announcement" clarifies the requirements for full-cycle information reporting. It stipulates that certification bodies must report relevant certification information to the CNMR within the prescribed time limits, achieving standardized and comprehensive information reporting for certification activities. Going forward, the CNMR will strengthen supervision and inspection of the implementation of the "Announcement," promoting certification bodies to strictly fulfill their responsibilities for information reporting and certificate inquiry services, and continuously enhancing the credibility of quality certification.On September 14th, UK government bond yields rose again in early trading, hitting multi-year highs across all maturities, driven by escalating oil price spikes due to escalating supply tensions in the Middle East. According to LSEG data, the 30-year bond yield rose to 5.951%, its highest level since March 1998, while the 5-year yield reached its highest level since July 2008. Investors are betting that the Bank of England will gradually tighten monetary policy over the next year as inflationary pressures from rising oil prices increase. This trend has further weakened the buffer between the UKs existing budget plan and fiscal rules. Furthermore, the UKs short-term bonds have underperformed similar bond markets in other major economies—a phenomenon particularly evident during periods of high oil and gas prices, reflecting the UKs dependence on imported energy. Sahil Mahtani, head of the Ninety One Investment Institute, said: "The unsettling signal from the government bond market is that this situation is being interpreted as a problem of UK inflation. The UK, like other countries, has been affected by the same global shocks, but the market is demanding far greater compensation for the UKs inflation risk. This is one of the reasons why the government cannot simply attribute the sell-off to external factors."The China Earthquake Networks Center automatically determined that an earthquake of approximately magnitude 4.6 occurred at 17:07 on September 14 near Mojiang County, Puer City, Yunnan Province (23.15 degrees north latitude, 101.61 degrees east longitude). The final result is subject to the official rapid report.Nvidia (NVDA.O) shares fell 3% in pre-market trading.

Mildly bid above $78.00 inside the weekly triangle range for WTI

Alina Haynes

Feb 17, 2023 14:15

截屏2023-01-19 下午3.38.09.png 

 

WTI crude oil prices lick their wounds around $78.30 on Friday morning in Europe. As a result, the price of black gold reduces its weekly loss and posts its first daily gains in five days while remaining within a symmetrical triangle formation that has been in place for a week.

 

In spite of this, the most recent price increase approaches the 50-day simple moving average around $78.50. Bearish MACD signals also present difficulties for Oil purchasers.

 

Notably, the indicated symmetrical triangle capped the energy benchmark's short-term fluctuations between $79.60 and $77.70 as of press time.

 

If commodity prices rise over $79.60, the $80.00 round number and the weekly high of $80.75 could serve as additional upward filters for WTI bulls.

 

In contrast, a break below the triangle's lower line, near $77.70 at the latest, could precipitate a further decline in the Oil price.

 

In this situation, $76.70 is the pivot point for the commodity's decline towards the previous weekly low around $72.50.

 

If WTI crude oil bears are able to maintain control beyond $72.50, January's low of $70.27 and the $70.00 round number should be the last stops before purchasers abandon the train.


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