Two new benchmarks agree: the best AI models in the world clear fewer than half of a hard benchmark of real analyst tasks. Claude Fable 5 tops the frontier at 49.2%. The context is who built the tests, and who sells the fix.

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What each receipt proves, and what would change our mind.

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• The figures table, each number traced to the receipt that states it
• The trick behind the claim, explained, with the guide to spotting it
• What would change our verdict
• Our call on the record, with its due date

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