In today’s briefing:
- Ohayo Japan | Markets Await
- ChatGPT o1 (Strawberry) and Memory
- Japan Morning Connection: Kose Aims for Global Growth
Ohayo Japan | Markets Await
- The S&P 500 closed slightly higher on Tuesday, gaining 0.03% to finish at 5,635 after hitting a record intraday high of 5,670
- Investors are focused on the Federal Reserve’s anticipated rate cut decision on Wednesday, with a 63% chance of a 50 basis point reduction
- Japan’s average land prices rose 1.4% in July 2023, marking the third consecutive annual increase
ChatGPT o1 (Strawberry) and Memory
- Strawberry was a breakthrough. Some people ask, “What’s the big deal?” but feasibly, there is a new scaling law working in tandem with training, and that’s the Chain of Thought / Inference.
- The chart below is a bit confusing, but the conclusion is the longer the model “thinks,” the better the answer.
- The new model has another log-linear scaling law. It pretty much computes, and the Bitter Lesson wins again.
Japan Morning Connection: Kose Aims for Global Growth
- Global renewable continue to outperform, although this is yet to be seen in Japan related names.
- Very little read from the US with the market firmly in wait-and-see mode ahead of the Fed.
- Kose sell-side meeting yesterday points to plans for global growth despite few specifics released for its new MTP set to be released in October.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
