Et Tu, Indonesia!

US-Saudi Nuclear Deal Clears Vienna Hurdle As Congress Review Continues Authored by Michael Kern via OilPrice.com, IAEA chief Rafael Grossi says Saudi Arabia won't sign the Additional Protocol but will accept oversight powers over enrichment, conversion and reprocessing that closely mirror it. The underlying US-Saudi 123 agreement, signed July 22, opens a path to domestic uranium enrichment after a two-year study, a break from the UAE's enrichment-free 'gold standard.' Congress is 90 days into reviewing the deal, with Democrats and nonproliferation groups pushing back and two side letters still classified. A planned nuclear cooperation...

Nadella's Hedge: Microsoft Wants To Make AI Models Cheap - Then Own The Rails They Run On The entire AI capital cycle - roughly $700 billion in hyperscaler capex this year, an estimated $2 trillion-plus through 2028 - is collateralized by one belief: that intelligence is scarce, and therefore priceable. That belief is already under strain. Per-token inference prices have fallen on the order of 200× in a year, and the only thing holding revenue up is volume; the cost of intelligence is dropping even as the cost of deploying...

The US is striking targets in Iran in an effort to give President Donald Trump more military options to escalate the conflict.  Three US officials explained to Reuters that the current strikes against Iran are “shaping operations” meant to provide Trump with further options to escalate the conflict. The article did not discuss which options […]