Russia Successfully Tests Troubled SATAN II, Will Enter Combat By Year's End

What AI Is... And Is Not Authored by Charles Hugh-Smith via OfTwoMinds blog, It behooves us to be clear on what AI is and is not, as the confusion of the two is the source of both the giddy hype and the opaque risks. Whether we admit it or not, we are collectively making an epoch-changing bet that AI is fantastic, unstoppable Progress with a capital P so large it blots out the sky. Like all bets, this bet is risky, and if it fails we will all pay the price in capital...

Ferrari Skids As Wartime Disruptions Hit Deliveries Ferrari shares fell as much as 3% in Milan after first-quarter results showed stronger-than-expected profit and cash flow, but the beat was overshadowed by a plunge in deliveries in the Middle East, as the U.S.-Iran conflict disrupted shipments to one of the luxury automaker's key markets. Ferrari's first-quarter results were broadly ahead of expectations on profit, revenue, and cash flow, but deliveries across EMEA, which includes Europe, the Middle East, and Africa, were the clear outlier. Regional shipments fell to 1,458 units, down 14% year...

A 'War Of The Oil Refineries' Opens As Israel Bombs Key Tehran Sites, After Which Haifa Refinery Targeted Update(1425): Is a tit-for-tat oil depot war opening? This could be the next phase of escalation, already in progress. Iran's Islamic Revolutionary Guard Corps (IRGC) says it has struck Israel's Haifa refinery, framing the attack as direct retaliation for fresh Israeli strikes on energy infrastructure inside Iran. The war of the oil refineries: Iran says it targeted tonight a refinery in Israel after an attack on its own refinery in Tehran. The regional energy infrastructure is getting...