Author: Multibagger News

Unreliable Generative AI Models: A Deep Dive into Hallucinations and Factuality In the ever-evolving world of AI models, from Google’s Gemini to Anthropic’s Claude to OpenAI’s latest stealth release of GPT-4o, the question of hallucinations and factuality remains a hot topic. A recent study by researchers from Cornell, the universities of Washington and Waterloo, and AI2 delves into the benchmarking of these models against authoritative sources on various topics. The findings reveal that no model excelled across all topics, with the best models only producing hallucination-free text about 35% of the time. Models like GPT-4o and GPT-3.5 performed similarly on…

Bitcoin Price Prediction: BTC Expected to Hit $140,000 This Year – Analysts Bullish BTC has surged to $61,386, marking a 4.29% increase in the last 24 hours and a significant recovery from $58,000 just 12 hours ago. This bullish move has sparked optimism among analysts, with prominent crypto analyst Jelle predicting a potential rally to $140,000 by the end of the year. In a recent tweet, Jelle highlighted that Bitcoin is currently trading within a major descending wedge, with the key $60,000 level acting as a crucial support. He anticipates that the final months of the year will see BTC…

Title: Atomera Incorporated (ATOM) Stock Hits 52-Week Low Amid Market Turbulence – InvestingPro Insights In the midst of a challenging market environment, Atomera Incorporated (ATOM) has experienced a sharp decline in its stock price, reaching a 52-week low of $2.75. This represents a significant 58.59% decrease over the past year, highlighting the obstacles faced by the semiconductor materials and licensing company. Investors have been closely monitoring the stock’s performance as it struggled to withstand market pressures, ultimately succumbing to the downward trend. Despite these challenges, Atomera has reported positive developments in its Q2 2024 earnings call. The company saw an…

Title: “2024 U.S. Presidential Campaign Impact on Financial Markets: Trump Victory Could Cause Equity Market Dip, Piper Sandler Warns” As the 2024 U.S. presidential campaign heats up, top market analysts are closely tracking potential outcomes that could impact financial markets. According to a recent note from Piper Sandler, a Trump victory could lead to a slight decrease, ranging from 0.7% to 2.6%, in the equity markets. Despite recent developments in the race, Piper Sandler’s projections on financial markets remain steady. The analysts acknowledge that their models are based on assumptions and metrics that may not be perfect, but they provide…

Trump’s Media Empire Faces Turbulence: Stock Nears Record Lows Amid Weak Financials and Return to X By Harshita Mary Varghese (Multibagger) – In a significant market development, shares of former U.S. President Donald Trump’s media company, Trump Media & Technology Group (TMTG), have plummeted to near record lows following a string of weak quarterly results and Trump’s return to social media platform X (formerly Twitter). Key Factors Behind The Decline Declining Poll Numbers and Betting Odds: Trump’s diminishing lead in polls and election betting markets has adversely affected TMTG stock. Retail traders have viewed TMTG as a speculative bet on…

Breaking News: WHO Declares Mpox a Global Public Health Emergency Again – What Investors Need to Know The World Health Organization has just declared mpox a global public health emergency for the second time in two years, as the viral infection spreads rapidly in the Democratic Republic of Congo and neighbouring countries. This announcement can have significant implications for investors and financial markets. When a disease outbreak is classified as a “public health emergency of international concern” by the WHO, it triggers increased research, funding, and international cooperation to contain the disease. This can lead to disruptions in various sectors…

Definity Raises $4.5M in Seed Funding to Revolutionize Data Pipeline Monitoring In the fast-paced world of modern enterprises, data is king. But managing and optimizing data pipelines can be a daunting task. That’s where Definity comes in. This groundbreaking startup, backed by a $4.5 million seed funding round, offers a unique solution to help companies observe, fix, and optimize their data pipelines in real-time. Unlike its competitors, Definity focuses on monitoring data while it’s in motion, rather than waiting until it’s already transformed and deposited somewhere. This proactive approach allows companies to troubleshoot issues before they escalate, saving time and…

Revolutionary Human-Trained AI-Agent Unveiled at Malaysia and Asia Blockchain Summits by iAgent Protocol Los Angeles, CA, August 14th, 2024 – iAgent Protocol made waves at Malaysia Blockchain Week and Asia Blockchain Summit this month by introducing an innovative AI-agent as a new digital asset class. Gamers worldwide can now create, train, trade, and monetize personalized game AI-agents, taking NPC characters to a whole new level. The iAgent protocol showcased the world’s first AI-agent trained from pro-players’ gameplay footage in Counter-Strike, sparking a potential renaissance of innovation in the gaming industry. Attendees at both events got a first look at this…

As the world’s best investment manager and financial market’s journalist, I bring you the latest insights on the US Consumer Price Index (CPI) for July. The data indicates a slight easing in inflation, with both core and headline figures coming in below expectations. The CPI rose by 0.2% in July, aligning closely with consensus forecasts. This increase is attributed to a 0.15% unrounded monthly rise. Energy prices remained stable during the month, with no significant change in gasoline and electricity costs. Gasoline prices dropped by approximately 2% compared to the previous year, while electricity prices saw a 4.9% year-over-year increase.…

Ethiopia’s Bond Dilemma: What Investors Need to Know About the Proposed 20% Principal Haircut By Libby George, Duncan Miriri, and Rodrigo Campos LONDON/NEW YORK (Multibagger) – International investors holding Ethiopia’s $1 billion international bond are expressing strong discontent after the government hinted at a potential 20% cut to the bond’s principal value. The group, which claims to collectively hold more than 40% of the bond, argues that such a reduction does not align with their assessment of Ethiopia’s economic fundamentals. They criticized the government’s remarks as incompatible with a good-faith approach to debt restructuring. Ethiopia’s Bond Default and Restructuring Efforts…