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A New Open-Weight Challenger to Anthropic, Reflection, Emerges

1 day 4 hours ago
Reflection AI, a start-up backed by Nvidia, unveiled an open-weight artificial intelligence model meant to compete with Chinese tools — and other U.S. ones.
Andrew Ross Sorkin, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Niko Gallogly, Brian O’Keefe, Sri Muppidi and Ian Mount

Euro Weakness and Higher T-Note Yields Boost the Dollar

1 day 4 hours ago
The dollar index (DXY00 ) rallied to a 1.5-year high on Monday and finished up by +0.23%. The dollar moved higher on Monday amid increased safe-haven demand as political turmoil in France and Spain weighed on the euro. Higher T-note yields on Monday also strengthened the dollar’s interest rate differentials...
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S&P 500 Nears Record High; OpenAI in $30B Funding Talks with UAE, BlackRock

1 day 5 hours ago
The S&P 500 is poised to move closer to its first record high since August as bonds rally and lower oil prices help ease worries over inflation. OpenAI is said to be in talks with BlackRock and multiple investment funds from the UAE to help anchor a $30 billion financing round. Henrietta Pacquement of Allspring Global Investment discusses factors driving bonds higher. (Source: Bloomberg)