PwC’s first chief AI officer, Dan Priest, emphasizes the rapid evolution of AI and the necessity for CEOs to develop an AI strategy to stay competitive. Generative AI is transforming industries, requiring leaders to adapt and innovate swiftly. Priest highlights the importance of investing in AI tools, reskilling employees, and maintaining human oversight. Many corporate […]
Monthly Archives: July 2025
Arbitrators in the legal dispute between Exxon Mobil and Hess over Chevron’s planned $53 billion acquisition of Hess have reached a decision, according to sources familiar with the matter. The ruling, which will determine whether Chevron can proceed with the acquisition, is currently under review by the Paris-based International Chamber of Commerce (ICC). The decision’s […]
Oil futures fell on Friday after Iran reaffirmed its commitment to nuclear non-proliferation and amid expectations that major producers are set to agree to raise their output this weekend. Brent crude futures were down 22 cents, or 0.32%, to $68.58 a barrel by 0445 GMT, while U.S. West Texas Intermediate crude fell 12 cents, or […]
Oil prices remained stable on Friday, supported by a robust job market that suggests the U.S. Federal Reserve may maintain current interest rates. Investors are also awaiting clarity on President Donald Trump’s tariff plans for various countries. Brent crude futures increased by 1 cent, or 0.01%, to $68.81 per barrel by 0036 GMT, while U.S. […]
OpenAI Warns Its Tokenized Stock Offered by Robinhood Isn’t Real Equity: ‘Please Be Careful’ OpenAI has distanced itself from Robinhood’s announcement that it would offer “tokenized” equity in the AI giant on its platform. Robinhood revealed plans to offer tokenized shares of private companies like OpenAI and SpaceX to European users. However, OpenAI issued a […]
In a significant development, Palmer Luckey, the CEO of Anduril Industries and founder of Oculus, has launched a new digital banking startup named Erebor. This venture, inspired by JRR Tolkien’s “The Lord of the Rings,” is aimed at serving startups and cryptocurrency companies. Erebor is reportedly raising at least $225 million, with a valuation of […]
US drillers have reduced the number of oil and natural gas rigs for the tenth consecutive week, marking the first time since July 2020 that this has occurred, according to a report by energy services firm Baker Hughes. The rig count, which serves as an early indicator of future output, decreased by eight to 539 […]
Pinwheel has introduced a new smartwatch designed specifically for kids aged 7 to 14, offering a child-safe alternative to traditional smartphones. The Pinwheel Watch prevents access to social media and the internet, featuring parental management tools, GPS tracking, a camera, voice-to-text messaging, fun mini-games, and an AI chatbot called PinwheelGPT. The smartwatch boasts a sleek […]
It has been reported that Summit Therapeutics and AstraZeneca are in discussions regarding a potential partnership deal valued at up to $15 billion. According to sources familiar with the matter, AstraZeneca is considering licensing Summit’s experimental lung-cancer treatment, ivonescimab. Summit has not yet responded to requests for comment, and AstraZeneca has declined to comment on […]
The five hottest startups, spanning robotics to AI, have experienced a remarkable 393% increase in private market value in 2025. This surge is driven by a select group of AI-focused companies that are attracting significant investor attention and capital. According to Emily Zheng, senior VC analyst at PitchBook, the venture capital (VC) landscape is sharply […]