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Freddy Street

Freddy Street: Freddy Street

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Oil prices rose above $75, with US stocks in focus

Oil prices rose above $75 in international markets on Friday, boosted by signs of a strengthening US economy and a sharp drop in inventories ahead of further supply cuts from Saudi Arabia.  On the London market, the price of a barrel for delivery in September was 82 cents higher in the afternoon than at the close of trading yesterday and amounted to $75.33. Barrels for August delivery traded 52 cents higher at $74.86. On the American market, the price of a barrel increased by 86 cents, to 70.72 dollars.  Traders were encouraged by slightly increased estimates of US economic growth in the first quarter and a sharp fall in inventories last week, by as much as 9.6 million barrels.  The US economy grew by 1.8% in the first quarter, according to the Commerce Department, compared to the same period last year, 0.2 percentage points stronger than previous estimates showed. At the end of 2022, it increased by 0.9 percent.  Prices were also supported by Saudi Arabia's an...
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Advantages and disadvantages of solar power energy

The technology that is utilized to collect and convert solar energy is known as solar energy. In 2011, less than 0.1 percent of the world's energy consumption was met by the technology. Many people are familiar with 'photovoltaic cells,' often known as solar panels, which are used in items like spacecraft, roofs, and handheld calculators. Semiconductor materials, similar to those used in computer chips, are used to make the cells. Electrons are dislodged from their atoms when sunlight strikes the cells. The cell produces electricity when the electrons move through it. Solar-thermal power plants use a variety of methods to concentrate the sun's energy as a heat source on a much bigger scale. The heat is then utilized to boil water, which powers a steam turbine to produce electricity in a manner similar to that of coal and nuclear power plants and serve thousands of people with electricity. In one method, sunlight is focused on an oil pipe that passes through the center o...
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Artificial intelligence: Google's new model 'will outperform humans in solving intelligence tests'

Google has launched a new artificial intelligence (AI) model that it claims will "answer questions more carefully" because its "functionalities are more advanced". AI content generators sometimes invent things that developers call hallucinations.  The new Gemini model has been tested to solve problems in 57 areas, including mathematics and the humanities. "This is the new era of artificial intelligence," said Sundar Pichai, head of Google.  Earlier this year, Google launched its own version of the chatbot – Bard – calling it an "experiment".  During the presentation, the program made an error when answering the space question.  Google claims that the new model is "the most capable" and will outperform humans in solving intelligence tests.  Gemini can recognize image, text and sound, but it is not a product in itself.  It is a program that will be integrated into existing Google tools, including search, but also into the Bard...
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