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Musk stated that xAI's chatbot Grok will be released on Monday, praising it as "terrifyingly smart."
Elon Musk posted on X that the Grok 3 model will be released at 8 PM Pacific Time on Monday, and it will be demonstrated live. Musk praised his upcoming Grok 3 chatbot a few days ago, stating that it will surpass all other AI models released to date. "Sometimes I feel Grok 3 is frighteningly smart," Musk said during a video speech at the World Government Summit held in Dubai on Thursday. Musk indicated that this model from his company xAI has been trained on synthetic data, allowing it to self-reflect on the errors it makes through data, thereby achieving logical coherence.
CDB LEASING's subsidiary plans to purchase two offshore support vessels.
CDB LEASING (01606) announced that two wholly-owned subsidiaries of the company (as buyers) entered into a shipbuilding contract with the seller, Nantong CIMC The Pacific Ocean Construction Co., Ltd on January 27, 2025. The seller agrees to build and sell the symbol Ship to the buyer, who agrees to purchase the symbol Ship for a price not exceeding 60 million USD. The symbol Ship consists of two offshore support vessels, with an estimated market price totaling no more than 60 million USD. The seller will construct the symbol Ship according to the terms of the shipbuilding contract. The announcement states that the shipbuilding contract was entered into by the company in the ordinary and usual course of business.
Zhongtai: Jiangsu's economic strength is leading and providing strong support. Local banks are expected to benefit from regional beta and their own development layout.
Bank Of Jiangsu and Bank Of Nanjing have excellent performance, solid fundamentals, and are expected to benefit from regional beta as well as their own development layout, maintaining performance superior to the industry.
Pacific Securities' (SHSE:601099) Investors Will Be Pleased With Their 19% Return Over the Last Three Years
Court documents: The Los Angeles utility company has been sued for lack of water during the Pacific Palisades fire.
A court document shows that the Los Angeles Department of Water and Power was sued on Monday, accused of failing to properly manage the water supply crucial for extinguishing the deadly Pacific Palisades fire. This lawsuit was filed on behalf of residents and others affected by this historic fire, which destroyed the Pacific Palisades Community in West Los Angeles. The lawsuit claims that the Los Angeles Department of Water and Power should have maintained the water supply to a nearby reservoir, which had already run dry when the fire first broke out last Tuesday. The lawsuit states that the reservoir (Santa Ynez) has a capacity of 0.117 billion gallons (0.443 billion liters) of water, but has been dry since February 2024.
Institutions predict that the total losses from the Los Angeles wildfires may exceed 250 billion dollars, with insurance losses potentially reaching 30 billion dollars.
Wildfires in the Los Angeles area of the United States have been raging for nearly a week, and according to the latest estimates from Wells Fargo & Co, this could result in losses of up to 30 billion dollars for the Insurance industry, far exceeding the approximately 20 billion dollars in losses predicted by JPMorgan last week. According to a report by Wells Fargo & Co to clients over the weekend, homeowners' insurance companies will bear the brunt of the costs, with Allstate, Chubb, American International Group, and Travelers Cos among the companies tracked by Wells Fargo & Co having the largest exposure. Analysts state that the insurance company with the greatest untracked exposure is Wells Fargo & Co.
Pacific Securities (SHSE:601099) Shareholders Have Earned a 46% Return Over the Last Year