pmi

Google DeepMind researchers Zhengxuan Wu, Yuxuan Li, Oyvind Tafjord, and Been Kim released a preprint paper titled "XYEval: Agents say yes to bad advice," proposing a meta-evaluation framework XYEval to assess the performance of agents when faced with misleading suggestions from users. The paper extends the "XY problem" to the agent scenario, where the user inquires about their attempted solution X rather than the actual problem Y.XYEval retains the original task environment and verifiable answers, only adding seemingly reasonable but misleading user suggestions in the instructions. The misleading suggestions are generated by a generator after seeing the complete task and are appended in the form of confident suggestions rather than hard requirements, allowing the original task to remain solvable. The evaluation covers six benchmarks: τ2-bench, SWE-bench Verified, SWE-bench Pro, Terminal-Bench, Humanity's Last Exam, and MCP-Atlas, along with five models, where the misleading suggestions for τ2-bench are generated based on rules set by human experts.The paper states that the performance significantly declines after the XY mutation, with the relative drop reaching up to 46.7%. On τ2-bench, when faced with users who require a detailed explanation before accepting a better solution, the performance drops even more. Encouraging models to recognize the XY problem through simple system instructions only partially alleviates the issue. The related code is published in the GitHub repository google-deepmind/xyeval.

The preliminary value of the S&P Global Composite PMI for the United States in October is 57.6, expected to be 57.4, and the previous value was 58.4.

Google DeepMind released the first comprehensive empirical assessment of automation in machine learning research and development in the Gemini 4 Argon security report. The conclusion is that AI has not accelerated the R&D of AI itself, despite the fact that AI has written most of the code delivered by the lab's engineers. Researcher Haydn Belfield, who participated in the assessment, stated on X that there is currently no significant end-to-end ML R&D acceleration, so the risks of AI-driven ML R&D are currently low.The team built an internal index, GCI v1, which synthesizes the scores of 123 AI models across 92 benchmarks into a single value. The cutting-edge Gemini capabilities are improving at a stable rate of about 0.1 GCI points per month, with Gemini 1.5 Pro approaching 0.5 points by the end of 2024, Gemini 3.8 Flash slightly above 2.9 points by September 2026, and Argon about 3.3 points above the trend line. However, Belfield noted that this is due to increased computing power and organizational investment, rather than AI-driven acceleration.Over 75% of the code produced by DeepMind is written by AI, and the proportion of fully delegated code merge requests increased from 7.5% to 11.9% between April and September, but about 88% of requests still require multiple rounds of human guidance or manual writing. A survey of 12 senior researchers showed that automation is highest in clearly defined, verifiable execution tasks and lowest in areas such as open science concepts, new experimental designs, and unstable diagnostic training.

In September, the growth of U.S. manufacturing accelerated, with the PMI reaching its highest level since May 2022. A surge in new orders prompted factories to increase production and hire more workers, leading to a rise in order backlogs and suppliers becoming increasingly busy.Despite a decline in export orders, increased safety stock supported demand. Economic growth accelerated, hiring increased, and prices rose, leading the market to speculate that the Federal Reserve may raise interest rates further.

U.S. Treasury bonds continued to decline after the strong S&P Global U.S. PMI indicator was released.

The preliminary value of the U.S. September S&P Global Manufacturing PMI is 57, expected 53.6, previous value 53.9.

Co-founders of Google DeepMind and Chief AGI Scientist Shane Legg, President of Research, Labs, Technology and Society James Manyika, and Nobel Prize winner, co-founder and Chairman of Google DeepMind, Chief Scientist of Alphabet Demis Hassabis announced the launch of the DeepMind Institute. The three stated: Today's artificial intelligence systems possess significant capabilities, and rapid innovation indicates that humanity is approaching AGI, creating an urgent need for interdisciplinary thinking to better understand its profound impact on humanity.The DeepMind Institute aims to promote interdisciplinary research, collaboration, and discussion to address the most critical technological and societal issues of the AGI era, and serves as a platform for researchers and thinkers from Google DeepMind, Google, and the broader global research community to develop and publish creative and in-depth insights about the AGI world. The institute is directed by Shane Legg, James Manyika, and Demis Hassabis, with Shane Legg also serving as Executive Editor.

Recently, AI researcher Bilal Chughtai, who resigned from Google DeepMind, posted on X and LinkedIn on Monday, stating that humanity is running out of time to prevent artificial intelligence from causing widespread harm. He wrote: At Google, I witnessed the development of AI firsthand. I am also extremely concerned about the default trajectory of this technology. I sincerely believe that AI has the potential to kill us all.Chughtai stated that he worked on AI safety and alignment at the company under Alphabet. This is another employee expressing concerns about the direction of technological development. Google has not yet responded to requests for comments.

According to The Wall Street Journal, Google (GOOG.O) is restructuring its AI organization by moving the AI responsibility team out of the DeepMind lab.

The preliminary value of the S&P Global Composite PMI for the United States in August is 56, expected to be 53.9, and the previous value was 54.5.

Citrini analyst Jukan shared content on platform X stating that industry insiders reported that Google DeepMind co-founder Demis Hassabis had previously planned to leave simultaneously with another co-founder, David Silver. However, Google management was concerned that this news could trigger a significant drop in stock prices, so they hoped to delay his departure. Reports indicate that after Google announced related adjustments, the company's stock did indeed decline. Ultimately, Hassabis was persuaded to take on the role of chairman of DeepMind to help facilitate a smooth transition and create space for a more appropriate departure from Google in the future.It is reported that as David Silver shifts to founding Ineffable Intelligence and John Jumper joins Anthropic, the core AI research and development force at DeepMind is undergoing changes. Some insiders believe that the center of gravity for AI model development at Google has now shifted more towards the Bay Area, leading to a decline in the importance of DeepMind. Internally, Google is focusing on the large language model Gemini to catch up with OpenAI and Anthropic. Hassabis's adjustment reflects a long-standing strategic contradiction within Google: researchers are more focused on long-term scientific breakthroughs, while the commercial team is more concerned with AI products that can be quickly commercialized to drive revenue and stock price growth. Market predictions suggest that Hassabis may leave Google within a year and could potentially start a new venture.

The price of Bitcoin fluctuates around $65,000. The U.S. July services PMI data shows weakening employment and rising inflationary pressures, sparking discussions in the market about the risk of stagflation.

According to Jinshi reports, the survey shows that business activity in the Eurozone rose to its highest level in eight months in July, driven by a recovery in the services sector and ongoing improvements in manufacturing.The S&P Global Eurozone Composite PMI rose to 52 in July, above the neutral level of 50 in June, marking the first time this index has entered the expansion zone since March.The Eurozone Services PMI rose to 51.7 in July, reaching a five-month high, up from 49.4 in June.

According to Jinshi reports, on August 5, 2026 (Wednesday), attention will be focused on several important financial data and events, including 14:45 France June Industrial Production MoM, 15:50 France July Services PMI Final, 15:55 Germany July Services PMI Final, 16:00 Eurozone July Services PMI Final, 16:30 UK July Services PMI Final, 17:00 Eurozone June PPI MoM, 20:15 US July ADP Employment Change, 21:45 US July S&P Global Services PMI Final, 22:00 US July ISM Non-Manufacturing PMI, and 22:30 US EIA Crude Oil Inventories for the week ending July 31.In addition, Federal Reserve Governor Cook will give a speech on the economic outlook the following day at 04:05.

According to Jinshi reports, today's key economic data and events to focus on include: 04:30 US API crude oil inventory for the week ending July 31, 08:15 speech by Federal Reserve Chairman Schmid, 09:45 China's July RatingDog services PMI, 14:45 France's June industrial production month-on-month, 15:50 France's July services PMI final value, 15:55 Germany's July services PMI final value, 16:00 Eurozone's July services PMI final value, 16:30 UK's July services PMI final value, 17:00 Eurozone's June PPI month-on-month, 20:15 US July ADP employment change, 21:45 US July S&P Global services PMI final value, 22:00 US July ISM non-manufacturing PMI, 22:30 US EIA crude oil inventory for the week ending July 31, 22:30 US EIA Cushing crude oil inventory for the week ending July 31, 22:30 US EIA strategic petroleum reserve inventory for the week ending July 31, and on the next day at 04:05, Federal Reserve Governor Cook will give a speech on the economic outlook.

According to Jinshi reports, S&P Global Market Intelligence Chief Business Economist Chris Williamson stated that although the PMI index in the U.S. remained stable in July, the survey data behind it shows some warning signs for future growth trajectories. The production growth rate significantly slowed in July, and new business growth has been weak for the third consecutive month, reflecting a reduction in inventory backlog.Increased supply chain delays, declining exports, and customer resistance to high prices have also brought pressure. Although inflation in raw material costs has slightly eased, inflationary pressures remain high, and corporate optimism about the economic growth outlook has fallen to its lowest level since October of last year.