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Bridgewater says ChatGPT passed its investment associate test
The bot was in the 80th percentile of performance, around the same level as a first-year associate at the hedge fund. The co-CIO of Bridgewater Associates seems pretty impressed with the investment acumen of OpenAI’s ChatGPT artificial intelligence tool. Greg Jensen, co-CIO of the world’s biggest hedge fund, told Bloomberg that ChatGPT was able to pass its investment associate test, and that the power of the buzzy AI chatbot is like having “millions” of junior staffers working all at once. Speaking on the Odd Lots podcast, Jensen – who’s flagged AI as a major interest for Bridgewater well before ChatGPT’s…
Cardi B shows off her twerking skills for bemused onlookers in Paris
Cardi B never fails to turn heads in an outing and she ensured all eyes would be on her as she demonstrated her twerking skills for bemused onlookers outside her hotel in France on Wednesday. The 30-year-old rapper has been making her way around the shows during Paris Haute Couture Fashion Week and opted for her third outfit of the day in a skintight jumpsuit that showed off her incredible curves. The Jean Paul Gaultier one-piece cinched in at her slender waist and highlighted her famous figure while she added glamour with chunky necklaces. Cardi completed the look with a…
King Charles receives Crown of Scotland in Edinburgh Coronation Ceremony
King Charles has been presented with the crown jewels of Scotland in a historic Thanksgiving serving today, July 5. The monarch received the Crown of Scotland, the Sceptre, and the Sword of State of the Honours of Scotland at St Giles’ Cathedral in Edinburgh eight weeks after his crowning at Westminster Abbey. William and Catherine, known as the Duke and Duchess of Rothesay north of the border, joined Scotland’s leading figures and 100 individuals from all walks of society at the church on the Royal Mile. The Right Reverend Sally Foster-Fulton, Moderator of the General Assembly…
The $500 million deal between AfDB and the US
African Development Bank and USAID extend and expand their partnership through the Regional Development Objectives Agreement (RDOAG) to tackle energy poverty and climate change in sub-Saharan Africa. The agreement aims to eliminate energy poverty by 2030, accelerate the just energy transition, and improve the enabling environment for renewable energy in Africa. The partnership allows for potential future US contributions of up to $500 million and provides financial, technical, and operational support to stakeholders through grants, investments, and risk-reduction strategies. On the sidelines of the Africa Energy Forum in Nairobi, the African Development Bank and the United States Agency for International…
EAC launches peace caravan to promote peaceful coexistence
The East African Community (EAC) on Monday launched a peace caravan aimed at promoting peaceful coexistence, good neighborliness and peaceful resolution of disputes among border communities through experiential learning from practices of other border communities in the region. A statement by the EAC headquarters in Tanzania’s northern city of Arusha said the initiative, called peace caravan and benchmarking tour for border communities in Kenya, Uganda and South Sudan, was launched in Namanga on the Kenya-Tanzania border. According to the statement, the initiative was launched by the EAC secretariat in collaboration with Kenya, Uganda and South Sudan, and in partnership with…
Why Nigerian billionaires do not “japa”
Nigerian billionaires choose to stay in the country due to significant disparities in tax rates compared to developed economies like the UK and the US, where higher-income earners face higher tax burdens. Some billionaires benefit from monopolistic business ventures supported by the Nigerian government, while developed economies have antitrust laws that promote fair competition and limit market power. While the allure of developed economies may be enticing, these billionaires weigh the benefits against the unique opportunities and circumstances presented in Nigeria. In 2022, the National Immigration Service reported that a staggering 1,899,683 passports were issued, indicating a significant outflow of…
Why is A for Apple in a country where apples don’t naturally grow?
The common pedagogical approach with which many of us were introduced to the English alphabet is a metaphor for all the anomalies and confusions that characterise Nigerian education at all levels. First off, going from the minor to the major issue, one wonders what exactly is being taught when teachers say A for Apple. Are we being taught letter A or sound /ˈæ/? When they say C for Cat, are we thinking of letter c or sound /k/? While this, for starters, is a pedagogical deficiency which I am not out to address in this essay, the bigger concern is…
Apple is shuttering ‘My Photo Stream’
Photos uploaded onto Apple’s My Photo Stream feature, the free cloud storage system, will be permanently deleted when the service officially shuts down on July 26. Apple already stopped uploading new photos from customers’ devices to My Photo Stream on June 26. Photos uploaded before that date will remain in the cloud feature for up to 30 days from the date of upload. When the service is shut down in July, however, no photos will remain in My Photo Stream, and they will be lost if they are not saved elsewhere. To make sure your photos are safe, Apple encourages…
Dangote Gives Luxury Counsel
Billionaire businessman, Aliko Dangote has revealed that while some of his staff have houses abroad which they use as holiday homes, he has none. Dangote, in an interview, outlined the need for young people to take their eyes off luxurious things and focus on making their businesses grow. He said; “A lot of people even the younger ones, we need to be very careful because one of the biggest issues with us Africans is that we spend our projected incomes. “Once you start doing business and the business starts doing well, rather than for you to keep investing into the…
Mozambique: African Development Bank adopts new Country Strategy Paper covering 2023-2028
ABIDJAN, Ivory Coast. The Board of Directors of the African Development Bank Group (www.AfDB.org) has endorsed the Bank’s 2023-2028 Country Strategy Paper for Mozambique on 13 June 2023. The new strategy aims to promote the country’s structural transformation by improving fiscal stability, creating decent jobs and generating inclusive growth. The strategy has two priority areas: fostering improved economic governance and the business environment to facilitate private sector investment and mobilize resources and transforming agricultural value chains by strengthening infrastructure sustainably. This strategy is the culmination of efforts by the government, development partners, civil society, the private sector and technical experts on…