Market Shifts Unpacked

The S&P 500 experienced turbulence as banking news unsettled investors, while the dollar strengthened as a safe haven. Meta announced significant layoffs, prompting a 7% rise in its stock, and OpenAI's new GPT-4 showcased impressive capabilities, outperforming its predecessor on the bar exam. Meanwhile, Microsoft revealed its integration of GPT-4 into Bing, which has now surpassed 100 million daily active users.