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☆ How an 'AI sabbatical' helped accounting startup Klarity turbocharge its business
▼ + stars: | 2024-09-25 | by ( Melia Russell | ) www.businessinsider.com time to read: +6 min

"We just gutted our product and rebuilt it using generative AI." 'The rules of physics have changed'Even before its sabbatical, Klarity was well-versed in natural language processing and computer vision. Nadhamuni gave a talk on generative AI, its history, and the latest breakthroughs in the technology. If the new tech could do those five things, they would rebuild the core of Klarity's platform using generative AI. Nadhamuni also wrote a playbook on how to run a generative AI sabbatical that's available on Tola Capital's blog.

Persons: —, Nat Friedman, Daniel Gross, Nischal Nadhamuni, Nadhamuni, Klarity, Friedman, Gross, Aaron Fleishman, Fleishman, OpenAI, Miro, Tola Organizations: Service, Business, MIT, Venture Partners, Tola, Picus, Invus, Engineers

☆ Canadian dollar hits 6-month low as bond yields soar
▼ + stars: | 2023-10-03 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto, January 23, 2015. "It's been dragged around with higher U.S. yields, that's for sure," said Amo Sahota, director at Klarity FX in San Francisco. "The U.S. dollar has been on an 11-week run to the upside, so that's not necessarily helping the loonie." Vincent's comments helped underpin Canadian bond yields, Sahota said, adding that the market is "still gunning for another rate hike" from the Canadian central bank. Canadian government bond yields surged across the curve, playing catch-up with moves in U.S. Treasuries after the Canadian market was closed on Monday.

Persons: Mark Blinch, It's, Amo Sahota, Nicolas Vincent said, Vincent's, Sahota, gunning, Fergal Smith, Richard Chang Organizations: REUTERS, greenback, Canadian, U.S, Bank of Canada, FX, BoC, Treasuries, Thomson Locations: Toronto, TORONTO, San Francisco, U.S, Canadian

☆ Canadian dollar posts biggest weekly gain since June
▼ + stars: | 2023-09-15 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto, January 23, 2015. The loonie was trading 0.1% lower at 1.3515 to the greenback, or 73.99 U.S. cents, after trading in a range of 1.3495 to 1.3549. For the week, it was up 0.9%, its biggest weekly advance since June. Much of the currency's weekly gain was down to selling of EUR-CAD, said Amo Sahota, director at Klarity FX in San Francisco. Canadian government bond yields rose across the curve on Friday, tracking moves in U.S. Treasuries.

Persons: Mark Blinch, Amo Sahota, Sahota, Fergal Smith, Andrea Ricci Organizations: REUTERS, greenback, Canadian, U.S, FX, European Central Bank, Saudi, Thomson Locations: Toronto, TORONTO, San Francisco, U.S

☆ US dollar flat, but on track for eight straight weeks of gains; yuan sinks
▼ + stars: | 2023-09-08 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +5 min

Despite Friday's pullback, the dollar index was headed for eight straight weeks of gains, the longest such streak since 2014. "There's a lot of reasoning to ask whether dollar strength is going too far." In afternoon trading, the dollar index , which measures the greenback against six major peers, was flat at 105.05. That said, Vassili Serebriakov, FX strategist, at UBS in New York, said while eight weeks are an unusually long stretch of dollar strength, the currency's gains are getting smaller every week. The euro , the largest component in the dollar index, was on track for eight straight weeks of losses and down 0.7% on the week.

Persons: Dado Ruvic, Amo Sahota, Sahota, Vassili, Sterling, Shunichi Suzuki, Gertrude Chavez, Dreyfuss, Samuel Indyk, Rae Wee, Shri Navaratnam, Gerry Doyle, Angus MacSwan, Mark Heinrich, Diane Craft Organizations: REUTERS, FX, U.S, Apple, Federal Reserve, UBS, greenback, Finance, Thomson Locations: San Francisco, China, New York, U.S, Germany, Europe's, Canada, United States, Japan, London, Singapore

☆ US dollar slips as traders cautious before Fed's Jackson Hole symposium
▼ + stars: | 2023-08-21 | by ( Laura Matthews | ) www.reuters.com time to read: +3 min

The Japanese yen , which is on intervention watch, weakened 0.55% versus the greenback at 146.21 per dollar, with analysts now seeing the threshold for intervention at around 150 per dollar. Meanwhile, the offshore yuan , also on watch for intervention, rose 0.3% versus the greenback at 7.2853 per dollar. Jane Foley, head of FX strategy at Rabobank in London, said a firm dollar is problematic for both central banks since "it threatens to expose both currencies to undesirable weakness." His comments may set the direction for U.S. Treasury yields, which have driven the rise in the dollar in recent weeks. "If Powell stays on the theoretical side of things, that might lower implied volatility of the dollar and lead to a smaller reaction."

Persons: Dado Ruvic, Jackson, Sahota, Jane Foley, Jerome Powell, Karl Schamotta, Christine Lagarde, Powell, Laura Matthews, Samuel Indyk, Tom Westbrook, Kirsten Donovan, Mark Potter, Will Dunham, Jonathan Oatis Organizations: REUTERS, U.S, U.S . Federal, FX, Fed, Reuters, Rabobank, Treasury, European Central Bank, Thomson Locations: U.S ., , Wyoming, San Francisco, China, London, United States, Wyoming, Toronto, New York, Singapore

☆ AI-Targeted Internet Advertisements Fueling Looming Addiction Crisis
▼ + stars: | 2023-07-13 | by ( Albert Fox Cahn | ) www.businessinsider.com time to read: +13 min

A new breed of direct-to-consumer services is aggressively using targeted ads to sell habit-forming medications. In short, AI and surveillance capitalism, which empower today's targeted ads, have joined forces with the deadly OxyContin playbook. As the Journal reported, after ADHD medications grew to 20% of the VC-funded company's business, driving a $4.8 billion valuation, things came crashing to earth. We as a society may have come to accept being stalked by targeted ads, but consequences are much graver when the product itself is a danger. But above all, we need rules that ban targeted ads for drugs that can get patients hooked.

Persons: Taylor Swift, they're, haven't, Van Zee, OxyContin, prescribers, Dr, David Sack, Anthony Yeung, recreationally, Yann Poncin, shih, Ryan Haight, Ryan Haight Act's, Albert Fox Cahn Organizations: Circle, Purdue, American, of Public Health, Sackler family's pharma, Physicians, Yale School of Medicine, Bloomberg, Drug Enforcement Agency, Department of Health, Human Services, Ryan, Twitter, FDA Locations: Canadian, California, United States, New Zealand, New York

☆ Rising risk appetite lifts Canadian dollar to two-week high
▼ + stars: | 2023-06-01 | by ( Fergal Smith | ) www.reuters.com time to read: +2 min

The loonie was trading 0.9% higher at 1.3445 to the greenback, or 74.38 U.S. cents, after touching its strongest intraday level since May 16 at 1.3434. The U.S. House of Representatives passed a bill to suspend the U.S. debt ceiling on Wednesday evening. The Senate will stay in session until it passes the measure, Democratic Majority Leader Chuck Schumer said on Thursday. The rebound in oil prices was also supportive of the loonie, Sahota said. Domestic data showed manufacturing activity slowed in May as high inflation and inventory cutting held back customer demand.

Persons: Amo Sahota, Chuck Schumer, Sahota, Fergal Smith, Will Dunham Organizations: U.S, Canadian, FX, The U.S . House, Democratic, Wall, P Global Canada Manufacturing, Thomson Locations: TORONTO, U.S, Australia, New Zealand, San Francisco, The

☆ US dollar retreats from five-week high as debt ceiling stalemate weighs
▼ + stars: | 2023-05-15 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +4 min

In afternoon trading, the dollar index , which measures the greenback's value against six major currencies, fell 0.3% to 102.40. Earlier in the session, the dollar touched a five-week high of 102.75. Analysts have said many factors could be behind the dollar's recent strength, including concerns about U.S. inflation and safe-haven buying driven by fears about the debt ceiling standoff and global economic growth, as well as more hawkish rhetoric from Fed officials. Against the yen, the dollar was up 0.3% at 136.06, while sterling was 0.7% higher at $1.2527, rebounding after last week's 1.5% fall. It earlier jumped to 19.7 for the first time since March 10, when the dollar hit a record high of 19.8 on a volatile trading day.

☆ Dollar dips against most currencies ahead of US nonfarm payrolls
▼ + stars: | 2023-04-06 | by ( ) www.cnbc.com time to read: +3 min

The closely watched U.S. non-farm payrolls report on Friday, when many markets around the world are closed, will follow disappointing manufacturing and services sector data from the Institute for Supply Management (ISM) and private employment figures on Wednesday. In afternoon trading, the U.S. dollar index, which hit a two-month low this week, thanks in part to a drop in Treasury yields, was down 0.1% at 101.81. Initial claims for state unemployment benefits dropped 18,000 to a seasonally adjusted 228,000 for the week ended April 1. Economists polled by Reuters expect non-farm payrolls to have grown by 239,000 in March, following February's 311,000 gain. The non-farm payrolls number has been far more prone to delivering upside surprises than misses in the last year or two.

☆ 'Prompt engineering' is one of the hottest jobs in generative AI. Here's how it works.
▼ + stars: | 2023-03-01 | by ( Aaron Mok | ) www.businessinsider.com time to read: +6 min

Knowing how to talk to chatbots may get you hired as a prompt engineer for generative AI. Prompt engineers are experts in asking AI chatbots — which run on large language models — questions that can produce desired responses. Unlike traditional computer engineers who code, prompt engineers write prose to test AI systems for quirks; experts in generative AI told The Washington Post that this is required to develop and improve human-machine interaction models. Prompt engineering may not be 'the job of the future'Some academics question how effective prompt engineers really are in testing AI. Companies in a variety of industries are hiring prompt engineersThat isn't stopping companies across industries from hiring prompt engineers.

☆ U.S. dollar weakens as risk appetite rises with data showing slowdown
▼ + stars: | 2022-12-23 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +5 min

The personal consumption expenditures (PCE) price index rose 0.1% last month after climbing 0.4% in October. Excluding the volatile food and energy components, the PCE index gained 0.2% after increasing 0.3% in October. The so-called core PCE price index rose 4.7% on a year-on-year basis in November after increasing 5.0% in October. The Canadian dollar also benefited from data showing that the Canadian economy grew by 0.1% in October versus September, with another 0.1% increase in GDP seen likely in November, Statistics Canada data showed. Against the yen, however, the dollar rose 0.4% to 132.82 yen .

☆ U.S. dollar rises as Fed likely doing another big hike; sterling sinks
▼ + stars: | 2022-10-31 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +4 min

[1/2] U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. In afternoon trading, the dollar rose 0.8% against the struggling yen to 148.62 yen . For the month of October, the dollar was up 2.7%, on track to post its third monthly gain versus the Japanese currency. Generally, the dollar is somewhere in the bend - trying to establish a high, but has not generally done so. The greenback, however, was on pace for a monthly decline of 0.5% in October, based on the dollar index.

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