The number of rigs exploring for oil and natural gas in the U.S. increased by nine this week to 440. A year...
The number of rigs exploring for oil and natural gas in the U.S. declined by three this week to 421, snapping three...
With the equity backing of Natural Gas Partners, HighMark Energy was formed in the fall of 2013 to acquire, develop and produce upstream...
Marathon Oil allocated $1.15 billion to activity in North America for 2016 with the majority focused on the Company’s three U.S. resource...
On June 2, Halcón Resources Corp. reported that on May 26, it was notified that the price of its common stock had...
I am continually analyzing a myriad of data streams in an effort to determine where best to invest in buying oil and...
The West Texas Intermediate (WTI) oil futures are currently trading at around $48 per barrel this morning. Baker Hughes Inc. reported another...
Top Israeli officials are reviewing a draft peace proposal crafted by neighboring Egypt to end fighting in the Gaza Strip, focusing on initial steps including renewed hostage and prisoner swaps, according to reports yesterday. The role of Hamas in a postwar governing structure—a nonstarter for Israel, say experts—remains a key hurdle. Hamas and partner militant group Islamic Jihad were said to have quickly dismissed Egypt's plan.
Discussions come as the Israeli military said it had expanded operations into urban refugee centers in central Gaza, where Hamas leaders claim at least 70 people were killed in an airstrike at the al-Maghazi camp. Israel said it was reviewing the incident.
Israeli Prime Minister Benjamin Netanyahu visited troops in northern Gaza Sunday, reiterating the war may continue for months. He has faced increasing pressure to focus on the safe return of about 130 hostages still held by Hamas—family members booed Netanyahu during a Monday speech to the country's legislature.
What’s a virtual world without anyone in it? As of last year, only 200,000 people were active in Horizon Worlds, Meta’s VR world, and Meta has yet to provide an update on that number. And for the ones who are there…it’s not that exciting. Quest 3, the latest iteration of Meta’s VR headset, debuted in October. By many accounts, it was an improvement on the Quest 2. But the problem that’s plagued the metaverse remained: What do you do once you’re in it? Some who entered the virtual world just couldn’t escape the feeling that it was more boring than the real one.
Companies shifted away from the metaverse as the focus on artificial intelligence intensified. While Zuckerberg remained bullish on the metaverse, he paid more attention to AI at Meta Connect 2023, Meta’s annual conference. And, as recently as this month, the company pushed new AI developments, including “Imagine with Meta AI,” an image-generating tool, alongside updates to its AI assistant. Meanwhile, Meta temporarily listed a battery strap for the Quest 3 as “out of stock” last month because the product was so glitchy. The company that renamed itself after the metaverse may end up pivoting to AI instead.
On the money. Politicians and advocacy groups warned that Musk’s takeover could lead to a rise in hate speech and disinformation on Twitter/X—and it did. Musk has implemented some platform restrictions on data gathering that have stifled dozens of studies trying to dig deeper into these trends, according to Reuters, but the EU is investigating X under its new tech rules.
Unforeseen: We weren’t creative enough to predict that this year Musk would challenge Mark Zuckerberg to a cage match in “ancient Rome”—and then not follow through. Or that he would tell some of his biggest advertisers to “go f***” themselves for pausing their spending after he endorsed an antisemitic conspiracy.
Looking to next year…maybe in between product meetings about X’s new banking feature, Musk will try to plug his losses with the help of his budding AI company, X.ai, which is seeking $1 billion in funding. But he also said a few months ago that X “may fail, as so many have predicted.”—ML
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