Agriculture
Grains Show Gains on USDA Announcements (Dec 5, 2024)
2024-12-05
Today's commodity markets have shown a mix of movements. March corn has seen an increase of 1¾¢, indicating a positive trend in the corn market. January soybeans have also gained 6¾¢, suggesting a boost in soybean prices. Additionally, March wheat contracts are on the rise, with CBOT wheat up 5¾¢, KC wheat up 7¼¢, and Minneapolis wheat up 7¼¢. This morning's announcements from the USDA have had a significant impact on the market.

USDA Announcements and Their Implications

The USDA announced that China is purchasing 136,000 metric tons of soybeans for the 2024/2025 marketing year. This news is likely to have a positive effect on soybean prices. Moreover, the weekly U.S. Export Sales report for the week ending Nov. 28 was released. Regarding corn, net U.S. corn export sales for the week came in at 69.1 million bushels, surpassing trade expectations and providing support for corn prices. It's important to note that this was for a holiday-shortened week. In the case of soybeans, net weekly export sales were 85 million bushels, near the high end of trade expectations and slightly down from the previous week's large sales. This indicates a relatively stable market. For wheat, net weekly export sales were 13.9 million bushels, in line with trade expectations and slightly above the previous week's sales. Overall, the sales data seems to have a neutral impact on wheat futures.

Impact on Live Cattle and Feeder Cattle

February live cattle are down 38¢ this morning, showing a downward trend in the live cattle market. January feeder cattle are also down 25¢, suggesting a similar situation in the feeder cattle market. These movements may be influenced by various factors in the overall market environment.

Movement in Crude Oil and Stock Index Futures

January crude oil is up 20¢, indicating a positive movement in the crude oil market. However, the U.S. Dollar Index December contract is down to 105.90, which could have implications for other markets. December S&P 500 futures are down 1 point, and December Dow futures are down 45 points, suggesting some weakness in the stock market. These fluctuations in different markets highlight the complexity and interrelationships within the commodity and financial markets.
Google's New AI Features for Android & Pixel Phones - What's Coming
2024-12-05
Google's latest feature drop for Gemini on Android brings a host of new AI features, aiming to enhance user experience. These changes focus on Pixel phones and include various extensions and improvements.

Unlock the Power of Gemini with Google's Feature Drop

New Gemini Extensions for Android

Google's first major change introduces a plethora of new Gemini extensions for different apps and services. Users can now ask Gemini to call personal contacts while simultaneously drafting and sending messages. It even has the ability to control device settings and the camera, minimizing the need to switch between apps and making it an even better assistant.

For example, imagine being able to handle multiple tasks seamlessly with just one interface. This not only saves time but also provides a more intuitive user experience. The integration of these extensions is a significant step forward in the evolution of Gemini on Android.

Expressive Captions for Android Phones

AI will automatically capture the emotions in any video with the introduction of "expressive captions" built directly into Android's operating system. These captions can be used in live and social content, adding a new dimension to video viewing and sharing.

Imagine watching a video and having the emotions of the moment accurately captured in captions. This enhances the overall viewing experience and makes it easier to connect with the content. It's a feature that sets Android apart and makes it more engaging for users.

Extra Features for Google Pixel Owners

Google Pixel owners will enjoy a couple of extra features on top of the upgrades. The new saved info feature allows Gemini to remember interests and preferences, resulting in more relevant responses that reflect what users care about.

For instance, when using the Call Screen feature, Pixel phones can use Gemini to offer more contextual easy-to-tap replies for unknown callers. Users can also "peek" into the transcript of the conversation to decide whether to answer the call, adding an extra layer of convenience.

Changes to Pixel Screenshot

There are changes coming to Pixel Screenshot, enabling users to use the app during Circle to Search with a tap. This makes it easier to find search results later and adds to the overall usability of the phone.

Google Pixel owners can also add tickets and credit cards that they've screenshotted to their Google Wallet. The automatic categorization of screenshots makes it even easier to find specific ones using keywords, saving time and effort.

These changes are all part of Google's effort to improve the overall user experience. While they may not be the most visually striking, they have a significant impact on the performance and functionality of the best Android phones. The December Pixel feature drop and Android features are set to roll out today, December 5, bringing these enhancements to users.

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OpenAI Might Launch ChatGPT Pro at $200 Monthly
2024-12-05
OpenAI's "12 days of shipmas" event is yet to commence, but early indications suggest a significant announcement might have already surfaced. A "feature gated" webpage on OpenAI's website refers to a "ChatGPT Pro" plan that packs in all the advantages of ChatGPT Plus along with some new delights.

Uncover OpenAI's Early Event and Subscription Plans

ChatGPT Pro: An Upgraded Subscription

According to the leaked page discovered by software engineer Tibor Blaho on X, ChatGPT Pro offers unrestricted access to all of OpenAI's models. This includes the full version of its o1 "reasoning" model, a condensed release called o1-mini, and GPT-4o. Unlike most AI, o1, o1-mini, and other reasoning models have the ability to self-fact-check, which helps them avoid common pitfalls. However, this also means they often take more time to arrive at solutions. O1 and o1-mini reason through tasks, planning ahead and performing certain actions to tease out answers. OpenAI released a preview of o1 in September and promised to bring o1-mini to all free users of ChatGPT, but this has not yet materialized.In addition to unlimited access to various features, ChatGPT Pro also includes unlimited access to Advanced Voice Mode, ChatGPT's human-like conversational feature, and a new "o1 pro mode" which "uses more compute for the best answers to the hardest questions," as per the page. O1 pro mode may simply increase the "reasoning" time the model takes before responding with an answer. In its o1 preview announcement, OpenAI aimed to experiment with o1 models that reason for hours, days, or even weeks to enhance their reasoning capabilities, and this could be a step in that direction.All these features come at a significant cost. Per the page, ChatGPT Pro starts at $200 per month or £200/€229 depending on the region. Users upgrading from ChatGPT Plus to Pro will receive a prorated credit for the remaining duration of their subscription. This makes ChatGPT Pro easily OpenAI's most expensive subscription plan to date, being 10 times the cost of ChatGPT Plus.There have long been rumors of price hikes for the premium ChatGPT. According to The New York Times, by 2029, OpenAI expects to charge $44 per month for ChatGPT Plus. The company has also considered ultra-costly business subscriptions with additional functionality and access to models under development, as per The Information.

GPT-4.5: The Next Big Model?

A separate leaked webpage discovered by Blaho contains another surprise - mention of what could be OpenAI's next major model. According to the page, subscribers to OpenAI's ChatGPT Team plan will soon get access to a "limited preview" of "GPT-4.5." However, OpenAI later removed the reference to GPT-4.5 from the page. We await further clarity on this matter.
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