factors actually drive these two classes. the first one is liquidity and the second one is the us dollar. let s talk about liquidity, i think in the past few weeks we have seen actually easing from china and also from the us. the fed has been injecting liquidity through overnight repo facility. also from a seasonality perspective. november, december tends to be quite favourable in terms of financial conditions. the rally in bonds and the fall of interest rates has helped also financial conditions to ease in the past few weeks. hence we have seen a surge in the liquidity and the system and that propels both gold and crypto currency higher. the next reason is the us dollar. both gold and crypto currencies are denominated in us dollars and when the us dollar becomes weaker, that is actually a tailwind for both asset classes. as we mentioned, given the market is now pricing in increasingly probabilities of cut starting as early as april next year, us dollar has been weakening ver
amount of coal they burned but a commitment on oil and gas use remains elusive. at the same time a meeting is also due to take those between the biggest oil producers and their allies, collectively known as opec plus of which the host, uae is a member. against that backdrop i have been speaking to david schlossberg, director of the sydney environment institute to remain sceptical about the of this year s climate talks. i think there are two clear problems. the first is the capture of the process by the fossil fuel industry and the second is the process itself. that is just the way it works. it means that petro states or countries that would captured by the fossil fuel industry can object to language and undermine real and strong changes. on the power of the fossil fuel industry, for this meeting we may be disappointed. we have the head of an oil state company setting the agenda and to me, that isjust an illustration of capture. he says it will be good to have the fossil fuel
the chatbot which will cost $20 each month and summarise documents, manage cloud severances and power business apps. but that was not the only new release from amazon as michelle fleury reports from new york. amazon announced 0, new chat for people to use at work there seems to be a dispute over where the name comes from. some say it is after the james bond movies and some say it is from star trek. either way this is a big deal. amazon may have not built chat gpt but it now has its own generative ai helper which is designed to assist employees with daily tasks whether it is answering questions about company policy, to coding to summarising strategy documents. crucially it will compete with other corporate chat bots including copilot by microsoft and duet ai by google. the tech giant also unveiled new ai chips at its annual developer conference in las vegas where taking the stage was nvidia, a sign of the deepening relationship between these two. amazon said that as well as it
impacted and influenced and controlled by technology. certain parts of those digital surveys are supposed to be inaudible infrastructure, therefore governed by non profit and yet, there is so much capitalistic kind of approache to control of the commercial aspect and commercial potential of this technology. i think that openai saga was, you know the fundamental tension is really between the nonprofit mission versus full profit. of course, there is a lot of nuance between this in terms of how they governed, how the board handled this whole situation, including exactly what technical concerns that the board has seen to compel them to press the panic button. last night, overnight, ijust woke up to a lot of discussion in terms of studies we can take unpack that a little bit more but the most important thing we can ask is what kind of, you know, technology, what kind of digital service should be governed by non profit and regarded as a public service and what kind of technol
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