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Nvidia Favors $30 Billion OpenAI Investment, Retreating From Prior $100 Billion Commitment Update (Friday):  Bloomberg reported earlier this week that OpenAI is nearing completion of a new funding round that could raise more than $100 billion. Separately, the Financial Times reported on Thursday that Nvidia is close to finalizing an investment of about $30 billion in OpenAI, a significantly smaller amount than the $100 billion commitment agreed upon last year. FT cited people familiar with the funding round who said the "final stages" have begun and that Nvidia's $30 billion equity...

Trump: Iran's Response A "Piece Of Garbage", Puts Ceasefire "On Life Support" Summary US President blasts 'piece of garbage' Iran response, says ceasefire on 'life support'. Trump mulls restarting Project Freedom in Hormuz and says forcibly retrieving 'nuclear dust' is still on the table, oil jumps on headline. Iran Foreign Ministry: "Everything we proposed in the text was reasonable and generous." However, US officials insist on their "unreasonable demands." Saudi Arabia condemns Iran for its latest drone attacks targeting the UAE, Qatar and Kuwait on Sunday. Qatari LNG tanker abruptly U-Turns In Hormuz chokepoint after earlier in weekend...

Rumors persist that the Trump administration is actively seeking an off-ramp to the escalating conflict with Iran. The prevailing assumption within certain circles of the White House is that Tehran, having sustained serious damage from recent military strikes, would welcome a cessation of hostilities. This calculation, however, rests on a dangerous misreading of Iranian resolve, […]