Big Tech is going big on small language models | Gold set a new standard | [Finimize]( â TOGETHER WITH â â Hi {NAME}, here's what you need to know for May 21st in 3:09 minutes. â ð Secure your company's place among the top businesses in the finance world at our [Modern Investor Summit](. You'll align your brand with the sharpest brands and speakers in investing, and introduce yourself to our one million-plus global community of investors. [Get in touch]( for early bird pricing before 31st May Today's big stories - Tech giants have released small language models, which dodge the high costs and power demands of large ones like ChatGPT
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- Gold set a new record high on Monday, and there were plenty of reasons for it â but not the ones you might expect Small Talk [Small Talk] Whatâs going on here? AI companies and tech titans have been banking on a new way to drive big revenue: small language models. What does this mean? Tech giants Apple, Microsoft, Meta, and Google have been releasing âsmall language modelsâ lately, eager to woo businesses that are wary of the massive costs and power demands of beasts like OpenAIâs ChatGPT. See, GPT-4 and Googleâs Gemini 1.5 Pro are both large language models, the smartest type on the market. Problem is, due to copyright and data issues, theyâre expensive. The smaller versions, meanwhile, are a winning combination of cheaper, more customizable, and energy-efficient because they require less power to train and run. Not to mention, they can process tasks locally on a device â perfect for those who want to keep data in-house and not in the cloud. Why should I care? Zooming out: The ins and outs. Currently, when you ask models like ChatGPT to pick an outfit or write a poem, the request zips off to OpenAIâs servers in the cloud, gets processed, and bounces back with an answer. That requires internet access and shares data with the model maker. So âedge computingâ, where everything happens right on your device, is creating a buzz â and driving demand for speedy âedgeâ chips that can run models without spilling your data. The chips need to be small, cheap, and energy-efficient so they can fit into a device like a smartphone. Enter Apple, which is scrambling to develop its own AI chip to upgrade the iPhone. The bigger picture: Small but mighty. If edge chips get small and cheap enough, AI-driven smart gadgets will be everywhere â from homes to offices. Nowadays, cloud-based AI models are mostly confined to data centers, which demand a ton of power and space. So if AI could run directly from folksâ devices, those challenges may become a thing of the past. You might also like: [Three pros spill the tea on their very best investing ideas for 2024.]( Copy to share story: [( ð [Ask a question](mailto:questions@finimize.com?body=Ask us a question:
Where are you writing from? Let us know and we'll mention it when we reply.&noapp=true&subject=Small Talk&utm_campaign=daily-global-21-05-2024&utm_source=email) Analyst Take
JPMorganâs Got Five Big Takeaways From This Earnings Season [JPMorganâs Got Five Big Takeaways From This Earnings Season]( By Theodora Lee Joseph, CFA, Analyst Businesses are the ultimate economic weather vanes, so if youâre feeling leery about that scene, you might want to check out where theyâre pointing. And since most US stocks have recently delivered their quarterly earnings updates, this is a perfect time to do just that. [JPMorgan Private Bank]( has been watching the reports closely, and it says these five themes cropped up a lot. Thatâs todayâs Insight: [the five big takeaways from this earnings season](. [Read or listen to the Insight here]( SPONSORED BY STREETBEAT Make college more affordable with every investment you make College is only getting more expensive. In fact, 77% of US families say itâs too pricey for them. No wonder: the average cost of undergraduate tuition and fees at private nonprofit colleges was over $41,000 for the last academic year. So Streetbeat - which offers a range of investment tools in [stocks, crypto, and AI-powered investing]( â has launched its Tuition Rewards Program, where subscribers earn points that [take dollars off the cost of tuition](. Now with Streetbeat, you can earn [up to 25% off at over 450 prestigious US private colleges and universities]( for your kids, grandchildren, nieces, nephews, and godchildren â the points never expire. The savings donât stop there: [sign up with code âFinimizeâ](, and youâll get a [seven-day free trial]( of unlimited access to AI-powered investment tools and strategies, as well as [bonuses up to $5,000](. [Find Out More About The Program]( Streetbeat, LLC ("Streetbeat") is an SEC-registered investment adviser. All investing involves risk, including the possible loss of money you invest, and past performance does not guarantee future performance. Any historical returns, expected returns or probability projections are hypothetical and may not reflect actual future performance. See Terms and Conditions at [Streetbeat.com](. When you support our sponsors, you support us. Thanks for that. If you want your brand featured here, [get in touch.]( Gold Standard [Gold Standard] Whatâs going on here? Gold set a new [record]( high on Monday, breezing past the benchmark it set in April. What does this mean? Gold prices have been ticking up since October 2022, but they really took off this March. None of the usual culprits seem to be behind the scale and velocity of the rally: the economy has been strong, interest rates are high, and the US dollar is holding firm â all of which would usually make goldâs price more modest. But right now, global political tensions are at a boiling point and US debt is disconcertingly high, pushing investors toward the âsafe havenâ of gold. After all, the precious metal maintains its value even when currencies donât, can hedge against bonds and stocks falling, and doesnât default. It will also have helped that central banks have tripled their gold purchases since Ukraine was invaded two years ago. Why should I care? For markets: Silver wins gold. Gold has grabbed the headlines this year, but silver is the one racing ahead. The two precious metals are similar: theyâre both safe-haven assets that can hedge against inflation. So itâs no wonder silver has followed its cousin higher. But silver is also seeing strong industrial demand in clean energy, since itâs particularly handy for infrastructure like solar panels. Plus, it currently takes about 80 ounces of silver to buy one ounce of gold, higher than the 20-year average of 68. So in relative terms, silver is still cheap. The bigger picture: Slipping and sliding. Many investors are worried that high levels of government debt across the globe are unsustainable. The fear is that policymakers might have to spur on inflation to decrease the debtâs value over time, which could push countriesâ currencies down. Mind you, with gold prices climbing in almost all currencies, thereâs reason to believe that theyâre already losing value. You might also like: [Everything you need to know about investing in gold](. Copy to share story: [( ð [Ask a question](mailto:questions@finimize.com?body=Ask us a question:
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