CentaurBench: Benchmarking LLM Capabilities on Augmenting vs. Automating Real-World Work Tasks

Strategy (MSTR -4.56%) and Bitcoin (BTC +0.65%) have both performed poorly this year. They have year-to-date losses of 38% and 29%, respectively. However, if you had to choose between these assets, Bitcoin is the better buying opportunity. Strategy functions as a leveraged bet on Bitcoin that doesn’t make much sense in the long run, especially…

Veteran financial services company Morgan Stanley (MS +3.25%) ended the stock trading week in style. On the back of news that it’s approaching the next stage of an ambitious expansion program, investors piled into its stock, pushing it up more than 3% on Friday. Bigger in Texas Several media outlets reported that Morgan Stanley has…

Private credit firms can still whiff if algorithms do the work, but the onus is on them. Lenders are leaning on artificial intelligence to score borrowers, monitor portfolios, and automate workflows that once took analysts weeks. Momentum is only building: More than half of private credit portfolio managers—54%—plan to deploy AI in underwriting, according to…

When major economies are running at near full capacity, it is not clear that trade deficits should be a cause for concern, since they represent a transfer of purchasing power from surplus countries. Under the current circumstances, then, China’s widely criticized surpluses might as well be called enrich-thy-neighbor. CAMBRIDGE—As China continues to capture global markets…