UK Oil And Gas Giant Cuts Investments And Defers Projects Over Windfall Tax | ZeroHedge

Authored by Tsvetana Paraskova via OilPrice.com,

Ithaca Energy, one of the largest oil and gas producers in the UK, has reduced investments and is deferring some projects this year and next, due to the burden of the windfall tax Britain has levied on the industry.

The windfall tax, the so-called Energy Profits Levy, has prompted many companies operating offshore the UK to cut investments and review projects.

After the UK raised the windfall tax to 35% at the end of last (more…)

Continue ReadingUK Oil And Gas Giant Cuts Investments And Defers Projects Over Windfall Tax | ZeroHedge

AI Vs. Humans: Which Performs Certain Skills Better? | ZeroHedge

With ChatGPT’s explosive rise, AI has been making its presence felt for the masses, especially in traditional bastions of human capabilities – reading comprehension, speech recognition and image identification.

In fact, as Visual Capitalist's Mark Belan and Pallavi Rao show in the chart below, it’s clear that AI has surpassed human performance in quite a few areas, and looks set to overtake humans elsewhere.

How Performance Gets Tested

Using data (more…)

Continue ReadingAI Vs. Humans: Which Performs Certain Skills Better? | ZeroHedge