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In recent years, LLMs have shown significant improvements in their overall performance. When they first became mainstream a couple of years before, they were already impressive with their seemingly human-like conversation abilities, but their reasoning always lacked. They were able to describe any sorting algorithm in the style of your favorite author; on the other hand, they weren't able to consistently perform addition. However, they improved significantly, and it's more and more difficult to find examples where they fail to reason. This created the belief that with enough scaling, LLMs will be able to learn general reasoning.
The FTSE 100 is sailing ever higher on a big wave of enthusiasm for London listed stocks. The blue-chip index has opened at fresh record levels. It’s been on a breathtaking run upwards, accelerating its surge higher since the start of the year, rising by more than 9%. Momentum appears to be on its side with the psychologically important 11,000 mark now in its sights. Its mining constituents have been benefitting for demand for metals in particular, as signs indicate that a commodities super-cycle is underway, with huge demand for metals and minerals needed to power the green revolution and build AI infrastructure. Geopolitical tensions and rising debt levels are keeping demand for safe precious metals intact, while defence contractors continue to benefit from the big uplift in spending on military capabilities.