E-Learning

Anthropic, Google score win by nabbing OpenAI-backed Harvey as a user

Popular legal AI tool Harvey will now be using leading foundation models from Anthropic and Google, moving beyond strictly using OpenAI's, Harvey announced in a blog post on Tuesday. This is noteworthy because Harvey is one of the OpenAI Startup Fund’s most successful early-backed portfolio companies. The OpenAI Startup Fund is an OpenAI-associated fund to back companies developing products on top of AI technologies, primarily OpenAI's own. While Harvey says it's not abandoning OpenAI, merely ad

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How major US stock indexes fared Tuesday, 5/13/2025

The Dow Jones Industrial Average fell 0.6%, and the Nasdaq composite rose 1.6% as AI and other tech stocks led the way. The report on inflation could give the Federal Reserve more leeway to cut interest rates later this year to help the economy, but analysts and economists cautioned that inflation could still run higher in coming months because of President Donald Trump's tariffs. On Tuesday: The S&P 500 rose 42.36 points, or 0.7%, to 5,886.55.

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US Bonds Rise as Soft Inflation Backs Bets on Two 2025 Fed Rate Cuts

(Bloomberg) -- Treasury debt slipped as gains for US stocks reinforced the broadening conviction on Wall Street that Federal Reserve interest-rate cuts are unlikely before December.Most Read from BloombergAs Coastline Erodes, One California City Considers ‘Retreat Now’A New Central Park Amenity, Tailored to Its East Harlem NeighborsWhat’s Behind the Rise in Serious Injuries on New York City’s Streets?Lawsuit Challenges Trump Administration Policy on Migrant ChildrenThe US government bond market

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Hedge funds gain little from rally sparked by US-China trade deal

NEW YORK (Reuters) -Global hedge funds reaped limited gains from a big Wall Street stock rally triggered by a U.S.-China agreement on tariffs on Monday, a Morgan Stanley note on Tuesday showed. Hedge funds rose 0.60% on average on Monday, underperforming the S&P 500 index, which advanced 3.23% and closed at its highest level since March 26. Morgan Stanley said global portfolios are less invested in the United States than in the last two years, as hedge funds and other investors shifted funds to other regions after U.S. President Donald Trump started a global trade war that shocked financial markets.

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