Sam Altman reportedly wants trillions of dollars to supercharge chip production
Sam Altman is aiming to raise as much as $7 trillion to significantly increase the world's supply of semiconductor chips, The Wall Street Journal reported. The OpenAI chief has been talking to prospective investors including the United Arab Emirates government about his proposals to help solve the global chip shortage. One potential backer Altman's been…
US forces hammered dozens of IRGC and Iran-backed militia targets with...
The US military on Friday began strikes against Iran-backed militias in Iraq and Syria, a US defense official told Business Insider. It is expected to be part of a larger retaliatory campaign.After the initial news broke, US Central Command, or CENTCOM, released a statement that said numerous aircraft, including long-ranger bombers, conducted the airstrikes against…
Biden says he knows how he is going to respond to...
Biden said he has a response planned following the drone attack on a US base in Jordan.Republicans have been putting mounting pressure on Biden to take action against Iran.Biden said he does not support greater conflict in the Middle East. Thanks for signing up! Access your favorite topics in a personalized feed while you're on…
Iran accuses Israel of killing a spy chief and 3 of...
Iran has accused Israel of being behind an airstrike in Damascus, Syria, that killed four of its "military advisors," according to Iranian media.Iran's Islamic Revolution Guards Corps (IRGC) Public Relations Department said that Israel struck the Mazzeh neighborhood in Damascus, where several diplomatic missions are located, according to Tasnim, an Iranian news agency affiliated with…
Russia is seeking to fan the flames of war in the...
In the wake of US and UK airstrikes in Yemen early Friday, Russia sought to portray itself as an opponent to impetuous Western aggression."The US air strikes on Yemen are another example of the Anglo-Saxons' perversion of UN Security Council resolutions," Maria Zakharova, Russia's foreign ministry spokeswoman, said, referring to last week's UN condemnation of…
Soaring attacks on US forces and others in the Middle East...
US forces in the Middle East are continuously coming under attack by Iran-backed militia groups.Most attacks in Iraq and Syria go unanswered, and the US military not yet hit the Houthis at all.A former top US commander says a more aggressive response may be needed to send a message. Thanks for signing up! Access your…
The US is sending more Patriot defense systems to the Middle...
The Patriot is a missile air defense system that can reach aerial targets up to 66,000 feet. It's a highly sought-after defense system that costs $1.1 billion each.The US has recently doubled the number of Patriot batteries in the Middle East, WSJ reported. Loading Something is loading. Thanks for signing up! Access your favorite topics…
The Chinese Navy’s presence in the Middle East involves 6 ‘highly...
The Chinese navy has deployed "six highly capable vessels" to the Middle East, says RAND's Bryden Spurling. He told Newsweek that the ships "reflect the rapid growth in the sophistication" of China's navy. But he added that China still "has a long way to go" before it can match the US. Loading Something is loading.…
Egypt issues Chinese yuan-denominated panda bonds for the first time, getting...
Egypt issued yuan-denominated panda bonds for the first time amid a scramble to pay foreign debts. Three-year bonds worth 3.5 billion yuan, or about $479 million, were issued with a 3.5% interest rate. The move also marks yet another shift towards de-dollarization. Loading Something is loading. Thanks for signing up! Access your favorite topics in…
US stocks rise amid diplomatic efforts to ease the Israel-Hamas conflict
US stocks climbed Monday amid diplomacy efforts in the Middle East. Secretary of State Antony Blinken visited Israel Monday, and President Joe Biden is considering a trip. Traders also are watching for earnings from Tesla, Bank of America, and Goldman Sachs this week. Loading Something is loading. Thanks for signing up! Access your favorite topics…