Mark Zuckerberg, CEO of Meta, has hired three researchers from OpenAI to bolster his company’s work on artificial intelligence. This strategic move aims to guide Meta Platforms through its current AI challenges. The social-media corporation brought aboard Lucas Beyer, Alexander Kolesnikov, and Xiaohua Zhai, all of whom previously held positions at OpenAI’s branch in Zurich, as per sources privy to this information. These individuals established OpenAI’s location in Zurich towards the end of last year. Prior to their time at OpenAI, they collaborated closely within Google DeepMind, which is the organization’s artificial intelligence division. A representative from OpenAI verified that the three scientists have departed from the organization. Zuckerberg has been on an intense recruiting drive To correct the company’s AI initiatives following the underwhelming reception of its most recent model, he has sometimes proposed giving researchers up to $100 million to become part o...
0857 ET - As tensions between the US and Iran resurface, they restore the haven appeal of Treasuries and the dollar, previously undermined following President Trump’s announcement of extensive tariff measures. This has led to declining treasury yields and a stronger dollar. Later today, at 9:45 AM ET, we will see the release of preliminary figures for US manufacturing Purchasing Managers' Index (PMI). Analysts polled by The Wall Street Journal anticipate only a minor dip. Simultaneously, service sector PMIs are also scheduled with expectations pointing towards a slight rise. In tomorrow's developments, Federal Reserve Chairman Powell will commence his biennial testimony before Congress. Additionally, upcoming Friday brings anticipated higher Personal Consumption Expenditures (PCE) inflation rates. Currently, the ten-year bond yield stands at 4.345%, whereas the two-year sits at 3.887%. Furthermore, the WSJ Dollar Index indicates an increment of 0.6%. paulo.trevisani@wsj.com ...