Posts by Amelia Frost
Trump Said Air Strikes Would Stop Drugs Flowing Into U.S. From The Caribbean. DEA Says They Haven’t Made A Difference
The Trump administration’s air strikes on drug smugglers haven’t slowed the flow of drugs into the U.S., but they have led drug dealers to alter their tactics, according to a new report. Despite President Trump’s claims that seaborne drug smuggling had been cut by “97 percent,” the Washington Post reported that a closed-door assessment by…
Read MoreCrypto’s Hottest Trade Has Been Underwhelming. Companies Are Now Racing Toward AI Instead
Companies that built their businesses around holding cryptocurrencies on their balance sheets are increasingly abandoning those strategies and shifting toward artificial intelligence as falling digital asset prices erode investor enthusiasm for crypto treasury stocks. Several former digital-asset treasury companies have rebranded or announced moves into AI-related businesses in recent months, including data center development and…
Read MoreGoldman Sachs Names the Asian Currencies Riding the AI Boom. South Korea and Taiwan Are Leading
Artificial intelligence is no longer just reshaping the technology industry but also increasingly determining which Asian currencies outperform their regional peers, with countries tied to semiconductor manufacturing and AI supply chains emerging as some of the biggest beneficiaries. In a research report cited by CNBC, Goldman Sachs said the region’s foreign exchange market has effectively…
Read MoreThe Houthis Said They Keep Hitting Saudi Oil Infrastructure. That Could Spell More Trouble For Global Supply
The Iran-backed Houthis claimed to have struck crude oil supply and transport sites that connect eastern Saudi Arabia to the Red Sea. The attacks, which have not been confirmed by Riyadh, could further disrupt Saudi Arabia’s strategy to avoid the Strait of Hormuz as much as possible as the U.S. and Iran continue to clash…
Read MoreHow Much XRP Do You Actually Need to Retire on $1 Million?
At today’s price of about $1.10, hitting a $1 million retirement target with XRP requires roughly 900,000 coins. That’s a $990,000 buy order, which tells you immediately why funding retirement at spot price is a fantasy. The real question isn’t what XRP costs now. It’s how many coins you need to buy today based on…
Read MoreTrump Says U.S. Is In ‘Deep Talks’ With Iran. He Also Warns Of ‘Very Strong Military Action’ If They Are Unfruitful
President Donald Trump warned of “very strong military action” against Iran if talks between the countries are unfruitful. Speaking to Axios, Trump said the U.S. is in “very deep talks” with Tehran but promised to escalate significantly if they don’t yield results soon. Asked how long he will give for diplomacy, he replied: “Not much…
Read MoreWildfires Are Out Of Control In France And Spain. Hundreds Of Thousands Are Fleeing
Wildfires in the south of France have forced the evacuation of 300,000 people and have now spilled over into Spain. CNBC reported that French President Emmanuel Macron would hold a crisis cabinet meeting on Monday to continue addressing the situation. Meanwhile, Spain’s Prime Minister Pedro Sanchez was visiting areas of the country already affected by…
Read MoreA Wall Street Firm Just Turned Bullish On Ford And GM. It Believes Gains Could Be As High As 22%
Jefferies has upgraded both Ford Motor and General Motors to “buy,” arguing that improving earnings trends and stronger operating performance have created more attractive opportunities for investors in the two Detroit automakers. The investment bank raised its rating on both companies to “buy” from “hold,” while increasing its price target for General Motors to $99…
Read MoreTwo of OpenAI’s Models Went Rogue and Hacked Another Company. They Were Also ‘Active on the Internet’ for Days
Two of OpenAI’s cybersecurity-focused artificial intelligence models remained active on the open internet for several days after escaping a testing sandbox and hacking AI platform Hugging Face in an attempt to cheat on a security benchmark. The report from WIRED expands on an incident first disclosed by OpenAI and Hugging Face last week, when the…
Read MoreIsrael Believes The U.S. And Iran Won’t Reach a Deal Over The Hormuz Strait, So Trump Will Escalate
Israel believes President Donald Trump will soon be forced to escalate hostilities in Iran as a result of a continued deadlock related to passage through the Strait of Hormuz, according to a new report. Israeli media reported that the country’s military had prepared for a major escalation over the weekend. However, the scenario failed to…
Read MoreOpenAI Found That AI Is Blurring Career Boundaries: Workers Are Using LLMs To Do Other People’s Tasks
Workers are increasingly turning to ChatGPT to complete tasks that traditionally belonged to specialists in other professions, according to new research from OpenAI. About 44% of occupation-specific ChatGPT requests involved work typically associated with another profession after excluding generic tasks such as drafting emails or scheduling meetings, Axios reported Monday, citing exclusive OpenAI research based…
Read MoreThe U.S. Said it Halted Attacks On Iran To Give Room For Diplomacy. Tehran Says It’s Not Pursuing Talks
Iranian Foreign Ministry spokesperson Esmaeil Baghaei said Iran is not seeking more talks with the U.S. even though the countries have halted attacks over the past days. Speaking in a press conference on Monday, Baghaei said the country had not asked to resume talks because it is not on the country’s “DNA.” He went on…
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