Rolling coverage of the latest economic and financial news
Climate campaigners attack Shell over ‘windfall’ profits from Iran war
The Danish shipping giant Maersk has maintained its profit guidance for the year, even as it reported a spike in fuel costs and warned that traffic through the strait of Hormuz “remains at a near standstill”.
The company, which transports goods around the world via sea, road, rail and air, said demand for shipping containers remained strong, but that war in the Middle East was ramping up costs.
“The reopening of the strait of Hormuz, whether it happens in the days to come or the months to come, will have limited impact on cargo flows.
What really are the most important factors to consider: first is our ability to mitigate the cost increases we have been suddenly faced with. And I would say so far we have been successful with both our cost measures and the revenue, the commercial measures that we have put in place to mitigate the impact of these increases t
The headline may sound extreme here. Of course, Claude is not replacing CFOs tomorrow morning. But with the debut of Claude’s new Financial Services Solution by Anthropic, it has clearly moved to a new direction in the world of finance, one where AI does way more than crunch numbers or explain stuff. Think specific financial […]
The post Anthropic’s 10 AI Agents are Redefining Finance Work appeared first on Analytics Vidhya.
The headline may sound extreme here. Of course, Claude is not replacing CFOs tomorrow morning. But with the debut of Claude’s new Financial Services Solution by Anthropic, it has clearly moved to a new direction in the world of finance, one where AI does way more than crunch numbers or explain stuff. Think specific financial […]
The post Anthropic’s 10 AI Agents are Redefining Finance Work appeared first on Analytics Vidhya.
OpenAI has replaced GPT-5.3 Instant with a new foundation model, GPT-5.5 Instant, as the default engine powering ChatGPT. The company said the updated model significantly reduces hallucinations in high-stakes domains including law, medicine, and finance, while preserving the low-latency performance of its predecessor. Benchmark results show meaningful gains, with the new model scoring 81.2 on […]
OpenAI's newest default model for ChatGPT might not make stuff up as much. Hallucinations have been an ongoing problem for AI models, but OpenAI says its new GPT-5.5 Instant model has "significant improvements in factuality across the board."
The company claims that, based on "internal evaluations," GPT-5.5 Instant produced "52.5% fewer hallucinated claims" than its Instant model for GPT-5.3 "on high-stakes prompts covering areas like medicine, law, and finance." GPT-5.5 Instant also "reduced inaccurate claims by 37.3% on especially challenging conversations users had flagged for factual errors."
OpenAI also claims that GPT-5.5 Instant is …
Read the full story at The Verge.
He built fault-tolerant infrastructure for 100,000+ users in finance and healthcare before the first user arrived. Here is the sequencing framework that kept those systems running, and what enterprise AI teams are getting wrong by doing it in reverse. Most enterprise AI systems do not fail because the model was wrong. They fail because the […]
A new method could bring more accurate and efficient AI models to high-stakes applications like health care and finance, even in under-resourced settings.
New data shows AI is reshaping the job market in unexpected ways, with high-skill roles like programmers and analysts seeing the most exposure. While unemployment hasn’t spiked, hiring is slowing and employers are shifting toward workers who can manage and work alongside AI systems.
