Zelensky Touts "Battle In The Sky" As Key To Winning Asymmetric Fight With Russia

Masa Passes The Hat: SoftBank Seeks $100 Billion From The Gulf After Maxing Out Junk Bonds, Margin Loans And Japanese Retail The scramble for AI cash is on (or rather, accelerating). Just hours after the FT reported that OpenAI's annualized revenue is roughly $20 billion lower than the figure that had been making the rounds previously, the same paper reported that Masayoshi Son is trying to raise up to $100 billion from Gulf investors, and has spent recent weeks holding talks with senior figures in the UAE. That would be roughly...

Vice President JD Vance said on Monday that a Memorandum of Understanding to end the war between the US and Iran had already been signed “digitally” on Sunday night and that the text would be released in the coming days, though an official signing ceremony is still expected to take place this Friday in Geneva. […]

China's Power Demand Hits Records As Heatwave Grips Key Regions By Irina Slav of OilPrice.com Electricity demand in much of China hit a record this week due to scorching summer temperatures, driving grid loads to all-time highs, the State Grid Corporation of China said today, as cited by Reuters. On Monday and Tuesday, the company said, electricity loads reached a record in the country’s northern, northeastern, and eastern regions. No blackouts have been reported, however, as the grid operator moves in time to direct more baseload electricity where it is needed for...