ChatGPT is Changing the Way We Work (Again)

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ChatGPT is Changing the Way We Work (Again)

OpenAI unveiled GPT-4o, their latest flagship generative AI model designed to handle text, speech, and video, with plans for an iterative rollout across their products in the coming weeks. The model, described as offering "GPT-4-level" intelligence, enhances capabilities across various modalities, including voice, text, and vision, aiming to revolutionize human-machine interaction. With GPT-4o's real-time responsiveness and multilingual prowess, OpenAI envisions a more natural and collaborative experience with their AI, particularly evident in ChatGPT's upgraded voice and vision functionalities. The release also includes enhancements to ChatGPT's UI, expanded access to the GPT Store, and improvements in features previously limited to premium users, showcasing OpenAI's commitment to advancing AI accessibility and usability.

Source:

• OpenAI debuts GPT-4o 'omni' model now powering ChatGPT | TechCrunch

Behind the Numbers: What’s Driving Copper Prices 

Copper futures surged to their highest level in over two years on Monday, marking a nearly 28% increase over the past three months. However, analysts caution that the industrial metal may have entered overbought territory, signaling potential risk. John Caruso, a senior market strategist at RJO Futures, acknowledges this concern, noting a record level of net speculative long positions according to the Commodity Futures Trading Commission’s report. He advises a cautious approach.

Copper's surging demand from novel sources is reshaping its long-term usage, with prices outperforming gold and silver this year due to bets on its importance in AI and electric vehicles.

Sources:

• https://www.marketwatch.com/story/copper-prices-hit-2-year-high-entering-overbought-territory-81dfb011

• https://www.morningstar.com/news/marketwatch/20240427243/how-ai-and-evs-are-boosting-demand-for-copper

Can Raspberry Pearls Save Starbucks?

Former Starbucks CEO Howard Schultz took to LinkedIn last week to give potential guidance on how the company might improve, after the recent dismal earnings report.

Marking its first decline since 2020, Starbucks had a 2% decline in quarterly net revenue to $8.6 billion, accompanied by a 4% drop in same-store sales. This comes as the company rolls out their latest “Refreshers” summer drinks, which includes raspberry flavored pearls, like those found in bubble tea.

 “Over the past five days, I have been asked by people inside and outside the company for my thoughts on what should be done” Schultz shared in his Sunday LinkedIn post. He went on to layout the role of senior leaders in revamping the company, as well as how to leverage tech to improve the customer experience.

 “Senior leaders—including board members—need to spend more time with those who wear the green apron. One of their first actions should be to reinvent the mobile ordering and payment platform—which Starbucks pioneered—to once again make it the uplifting experience it was designed to be.” 

 He concluded by lauding a focus on culture creation. “There are no quick fixes. But the path forward should be what has guided the company over decades of financial success: Inspire your people, exceed the expectations of your customers, and let culture and servant leadership lead the way.”

 While CEO Laxman Narasimhan’s “reinvention” plan focuses on employee retention, and even wage increases, Starbucks grapples with unionization efforts alongside what the CEO describes as "the impact of a more cautious consumer."

Sources:

• "howard schultz" | Search | LinkedIn

• Starbucks' 'fall from grace': Howard Schultz says what company needs to fix US operations | Fox Business 

• Starbucks Released Twist on Boba Called Raspberry Pearls, Taste Test (people.com) 

A New Era in Philanthropy: Melinda Gates Exits the Bill & Melinda Gates Foundation

Melinda Gates announced yesterday that she will be stepping down from The Bill and Melinda Gates Foundation in June. In a statement she shared with LinkedIn, she stated confidence in the executive team and board. She also had these comments:

“This is a critical moment for women and girls in the U.S. and around the world—and those fighting to protect and advance equality are in urgent need of support. Under the terms of my agreement with Bill, in leaving the foundation, I will have an additional $12.5 billion to commit to my work on behalf of women and families.” 

Sources:

• https://www.linkedin.com/posts/melindagates_after-careful-thought-and-reflection-i-have-activity-7195815208227856384--C28/?utm_source=share&utm_medium=member_desktop

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