Monthly Archives: July 2025

PwCs First Chief AI Officer Urges CEOs to Develop AI Strategies for Competitive Edge

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 […]

Chevrons $53 Billion Hess Acquisition Awaits ICC Arbitration Decision

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 Decline Amid Irans Nuclear Commitment and Anticipated OPEC+ Output Increase

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 Steady Amid Strong U.S. Job Market and Tariff Uncertainty

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 Cautions Investors: Robinhoods Tokenized Stock Not Real Equity

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 […]

Palmer Luckey Launches Erebor: A $2 Billion Digital Banking Startup for Crypto and Startups

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 Oil and Gas Rig Count Hits Lowest Level Since October 2021 Amid Price Declines

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 Launches Child-Safe Smartwatch for Kids with AI Chatbot and Parental Controls

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 […]

Summit Therapeutics and AstraZeneca in Talks for Potential $15 Billion Lung-Cancer Treatment Partnership

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 […]

Top 5 AI and Robotics Startups See 393% Surge in Private Market Value in 2025

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 […]

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