Elon Musk’s xAI Raises $6 Billion To Accelerate AI Race Against OpenAI
Elon Musk’s xAI Raises $6 Billion To Accelerate AI Race Against OpenAI Elon Musk’s AI startup, xAI, announced early Monday morning that it had raised $6 billion from investors in a Series B fundraising round. This funding will accelerate its artificial intelligence development as the AI tech war with OpenAI intensifies. Some key investors were Valor Equity Partners, Vy […]
Traders Starting To Price Out ECB Rate Cuts… And Rightly So
Traders Starting To Price Out ECB Rate Cuts… And Rightly So Authored by Ven Ram, Bloomberg cross-asset strategist, Market pricing on the European Central Bank’s rate trajectory for the year is now a lot more realistic, but still has room to mellow. After factoring in as many as three reductions just days ago (and almost seven cuts […]
Nvidia Is Worth More Than All Of These Companies Combined
Nvidia Is Worth More Than All Of These Companies Combined Nvidia’s massive rise in the AI era has been well-documented, but did you know that it’s currently the world’s third most valuable company? To put the massive market cap of Nvidia into perspective, we’ve put it side by side with a collection of other major […]
Oil’s Fate Hinges On OPEC+ Hanging Tough
Oil’s Fate Hinges On OPEC+ Hanging Tough By Jake Lloyd-Smith, Bloomberg Markets Live reporter and strategist The global oil market is in OPEC+ walk-up mode. That should keep prices supported this week ahead of the (now online) gaggle, which falls on June 2. After that, price direction hinges on the immediate fallout from the meeting, plus […]
UK’s Sunak Vows Mandatory Conscription For 18-Year-Olds If Elected
UK’s Sunak Vows Mandatory Conscription For 18-Year-Olds If Elected In another ominous sign of things to come, leading Western governments appear to be preparing for ‘something big’ at a moment the proxy war between Russian and NATO centered in Ukraine is escalating at uncontrollable pace. “Rishi Sunak has vowed to introduce mandatory national service for […]
The Free World: An Alarming Status Report
The Free World: An Alarming Status Report Authored by Majod Rafizadeh via The Gatestone Institute, In the last few years, we have witnessed a world that has become significantly less safe and secure. American and Western policy failures and strategic missteps appear to have emboldened adversaries and undermined allies. A lack of decisive action and […]
These Countries Have The Highest GDP Per Capita In Africa
These Countries Have The Highest GDP Per Capita In Africa With a GDP per capita of $21,580 in 2023, the Seychelles is Africa’s most prosperous nation, based on this indicator. Highly dependent on tourism, Statista’s Anna Fleck notes that the archipelago’s economy remains highly vulnerable to global disruptions affecting the sector, as was the case […]
Conscription Is Coming Back To Europe
Conscription Is Coming Back To Europe Authored by Dénes Albert via ReMix News, While several countries are reintroducing compulsory military service, some EU politicians would welcome a uniform reintroduction across the EU. Hungarian news portal Divány has rounded up the countries that have reintroduced conscription. Professional armies are understaffed across the continent, as more and more European […]
Zelensky Signs $1BN Weapons Deal With Spain, Includes Patriot Missiles
Zelensky Signs $1BN Weapons Deal With Spain, Includes Patriot Missiles Ukraine and Spain have inked a new military deal worth 1 billion euros ($1.08 billion), which will see the Spanish military transfer more military equipment to Kiev over the course of this year. The commitment calls for greater supplies of modern military equipment which prioritizes […]
The Collective Shrug Over Fico Assassination Attempt Exposes The Drive For War
The Collective Shrug Over Fico Assassination Attempt Exposes The Drive For War Authored by Craig Murray The collective shrug with which the Western media and political class noted the attempted assassination of Slovakian Prime Minister Robert Fico has been telling. Can you imagine the outrage and emotion that would have been expressed by Western powers […]