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On September 2nd, Anthropic launched a new version of its AI model, Fable 5.1, claiming superior performance and cost-effectiveness in programming and scientific tasks. In programming, Fable 5.1 excels at handling long-term, complex tasks, including software project development, code review, and complex scenarios involving the entire application codebase. Scientific capabilities have also been enhanced, covering experimental design, simulation of experimental results, and the reading of complex graphs and tables. Regarding cost, the pricing for enterprise users remains the same as Fable 5, but the cost of retrieving previously processed information is reduced by 75%. This step can account for more than half of the word usage in long texts and complex tasks, and the price reduction is expected to significantly lower overall operating costs. In terms of security, Fable 5.1 features an upgraded classifier, resulting in more accurate identification of risky commands and fewer false positives, allowing for more efficient use by cybersecurity and biology-related users. Furthermore, Anthropic plans to allow enterprise customers to store the data of its most powerful models in their own cloud infrastructure, rather than on their servers, while continuing to perform security checks.UK Deputy Chancellor of the Exchequer Reynolds: We believe that, as a general principle, free trade is superior to setting up barriers.The Venezuelan Congress has approved an oil deal with the United States.According to Iranian media, new explosions have been heard in Asaluyeh and Lungh Port in Hormozgan Province.September 2nd - As of 2:30 PM closing, the Shanghai Gold futures contract fell 2.07%, the Shanghai Silver futures contract fell 3.14%, and the SC crude oil futures contract rose 7.93%.

The Australian Authority Suspends Orders For Two Permanent Investment Funds

Charlie Brooks

Nov 25, 2022 14:27

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Friday, the Australian securities regulator ordered a unit of asset management firm Perpetual Ltd to temporarily halt promoting or delivering two products to individual investors due to elevated market risks.


Perpetual is aiming to conclude a deal with EQT-owned Barings Private Equity Asia (BPEA) and Regal Partners, while being compelled by the court to launch its own takeover proposal for rival Pendal Group.


The Australian Securities & Investments Commission (ASIC) has ordered Perpetual Investment Management's Perpetual Pure Microcap Fund and Perpetual Geared Australian Share Fund to halt distributing interest and giving advice to retail investors for 21 days.


According to the regulator, the portfolios of the funds are exposed to extreme market volatility and carry substantial risks, increasing the potential that investors would sustain enormous losses.


"ASIC issued the interim measures to protect retail investors from engaging in funds that may not be appropriate for their financial objectives, circumstances, or needs," the regulator noted.


"The Australian Securities and Investments Commission is concerned that Perpetual did not appropriately consider these features and risks when choosing the wide target markets for the products."


The government expects Perpetual to take "immediate measures" to ensure compliance.


Reuters requested a response from Perpetual but did not receive a prompt reply.