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Anthropic released on Monday its Claude 3.7 Sonnet model, which it says returns results faster and can show the user the chain of thought it follows to reach an answer. This latest model also powers a new coding tool called Claude Code that can perform some development tasks autonomously. Claude 3.7 Sonnet offers an extended thinking mode that engages in a more detailed chain of thought reasoning but takes longer to generate a response. For simpler questions it eschews this mode and instead focuses on speed. Other models offer their own versions of thinking mode, but typically the user has to select that feature for harder problems; Anthropic says Claude 3.7 Sonnet is the first publicly available model with the capability to choose the best mode based on the users question. If Grok 3 and DeepSeek-R1 are stick shifts, then Anthropics new model is an automatic. Just as humans use a single brain for both quick responses and deep reflection, we believe reasoning should be an integrated capability of frontier models rather than a separate model entirely, Anthropic says in a blog post. Claude 3.7 Sonnet outperforms other thinking models in some important benchmark tests. On SWE-bench, which evaluates AI models ability to solve real-world software issues, the model beat OpenAIs o1 and o3-mini and DeepSeek-R1 by a comfortable margin. It was the same story on TAU-bench, which tests AI agents on complex real-world tasks with user and tool interactions. However, OpenAIs o1 model still edges out Claude 3.7 Sonnet in math problem solving, visual reasoning, multilingual Q&A, and graduate-level reasoning benchmarks. Anthropic describes the Claude Code tool as an active collaborator that can search and read code, edit files, write and run tests, and commit and push code to GitHub. The company says the tool has already become indispensable for its own coders, completing tasks in a single pass that would normally take 45 minutes or more of manual work. Claude 3.7 Sonnet is now available on all Claude subscription plansFree, Pro, Team, and Enterprisebut the extended thinking mode isnt available to users of the free tier. Claude 3.7 Sonnet is also available to developers as an API for the same price as earlier Claude models.
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E-Commerce
BP‘s chief executive will scrap a target to increase renewable generation 20-fold by 2030, returning the focus to fossil fuels, as part of a strategy shift announced on Wednesday to tackle investor concerns over earnings, two sources told Reuters. BP’s shares have underperformed rivals in recent years and the oil major has already dropped its target to cut oil and gas output by 2030, Reuters reported in October. On Wednesday, when BP holds a capital markets day, CEO Murray Auchincloss will tell investors the company is abandoning its target to grow renewable generation capacity 20-fold between 2019 and 2030 to 50 gigawatts, two sources close to the matter said. The plan to drop the target has not been previously reported. BP declined to comment. Its earnings reports show the company has 8.2 GW of renewable generation capacity, and that for 2019, BP’s net wind generation capacity reached 926 megawatts. It did not give a figure on total renewable capacity for that year. The sources said BP will also ditch a target to reach core earnings (EBITDA) of $49 billion this year and instead set an annual percentage growth target, the sources said. They declined to be named because they were not authorised to speak publicly on the strategy change. While BP has said in a call with analysts it could drop the targets, it has yet to formally announce any decision. BP failed to reach its 2024 EBITDA target of 40.9 billion. The company will also make public plans to divest assets and cut other low-carbon investments to reduce debt and boost returns, the sources said. The capital markets day was originally scheduled for February 11 in New York, but was changed to to Wednesday in London because Auchincloss had to undergo a medical procedure. Sector-wide shift Across the energy sector, major companies that shifted their portfolios in response to the need to lower carbon emissions and curb climate change have returned the focus to oil and gas, where returns have become easier as fossil fuel prices have rebounded from pandemic lows. The investor environment has also been transformed by the re-election of U.S. President Donald Trump, a climate sceptic and advocate of fossil fuels. Pressure has become intense on BP after activist investor Elliott Investment Management built up a nearly 5% stake. Elliott, known for pushing changes at companies such as Honeywell and Southwest Airlines, is demanding an overhaul, including tighter cost discipline at BP. A separate source familiar with the matter told Reuters Elliott wanted BP to scale down its green energy spending and sell assets such as wind and solar. BP would also benefit from selling its Castrol lubricants and its network of service stations to unlock value and boost share buybacks, added the source, who also asked not to be named. Under Auchincloss predecessor, Bernard Looney, BP pledged in 2020 to cut oil and gas output by 40% while rapidly growing renewables by 2030. BP lowered the reduction target to 25% in 2023. Since taking office, Auchincloss has slowed investments in renewables and announced plans to cut costs and reduce staff by 5%. BP could on Wednesday announce cuts to its annual low-carbon capex by $2-$3 billion, analysts at Bank of America said. BP’s 2024 capital spending was $16.24 billion. Arunima Kumar and Anousha Sakoui, Reuters
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E-Commerce
I had a bit of a harsh reality check today, and felt like its important to share with whoever is listening, model and actress Hunter Schafer said in an eight-minute video posted on TikTok last week. Speaking in a rare direct-to-camera clip, the Euphoria actress held up her new passport and reflected on what it said about trans rights under the Trump administration. Schafer explained that the gender marker on her passport had been changed, a direct consequence of President Donald Trumps January 20 executive order. The order declared that the United States would “recognize two sexes, male and female,” and “these sexes are not changeable.” It added that documents like passports and visas must “accurately reflect the holders sex.” Schafer also referenced the State Department’s Bureau of Consular Affairs policy under Trump’s executive order, which states, in part: “We will no longer issue U.S. passports or Consular Reports of Birth Abroad (CRBAs) with an X marker. We will only issue passports with an M or F sex marker that match the customer’s biological sex at birth.” “My initial reaction to this, because our president is a lot of talk, was like, ‘I’ll believe it when I see it,’ and today, I saw it on my new passport,” Schafer said in the video, which has already been viewed over one million times. Schafer had her gender listed as female on official documents since updating her drivers license as a teenager. But after her passport was stolen while filming in Barcelona, she applied for a routine replacementonly to find that the new document listed her gender as male. “I’m not making this post to fearmonger or to create drama or receive consolation, Schafer continued. I don’t need it, but I do think it’s worth posting to sort of note the reality of the situation and that it is actually happening.” She said the new passport marker would not change anything about her identity. “I don’t go give a f— that they put an M on my passport. It doesn’t change really anything about me or my transness. However, it does make life a little harder,” she said. Next week, shell be using the passport for the first time and added that she anticipates having to out herself to Border Patrol agents and officials. “I just want to say trans people are beautiful,” she said. “We are never going to stop existing. I’m never gonna stop being trans. A letter and a passport can’t change that.”
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E-Commerce
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