Author: omc_admin
Anthropic has told investors it is displeased by the prevalence of a popular kind of investment vehicle being marketed to those eager to get in on the AI boom, according to two sources with knowledge of the matter.In its latest funding round, the AI startup is raising around $5 billion at a $170 billion valuation, Business Insider has confirmed. It told one of its largest investors, Menlo Ventures, that the venture capital firm must use its own capital and not resort to a special purpose vehicle, or SPV, as it did in a previous funding round, one of the people…
Golar LNG Ltd. has reported $75.67 million in operating revenue for the second quarter, up 17 percent from the same three-month period last year. Liquefaction services revenue totaled $56.51 million for 2Q 2025, compared to $56.12 million for 2Q 2024. Vessel management fees and other revenues doubled to $10.94 million from $5.44 million. Hamilton, Bermuda-based Golar reported no time and voyage charter revenues for 2Q 2025 while $3.13 million was reported for 2Q 2024. It reported no sales-type lease revenue for 2Q 2024 while $8.22 million was reported for 2Q 2025. “Upon COD [commercial operations date] in June 2025, the…
The amount of electricity produced from solar installations in the UK since the start of the year has topped the 2024 total, the Financial Times has reported, citing analysis of data from the University of Sheffield.The total amount of electricity generated by solar panels from January this year to August 16 stood at 14.08 TWh, the FT reported, adding this was some 30% more than generation in the same period of 2024. The publication noted that the amount was enough to power 5.2 million homes for a period of one year.Of course, the problem with solar is that it cannot…
A train transports oil tankers in Ajmer on July 7, 2025. Indian exporters are scrambling for options as they seek to mitigate the fallout of U.S. President Donald Trump’s threatened tariff salvo against the world’s most populous nation.Himanshu Sharma | Afp | Getty ImagesU.S. President Donald Trump’s trade advisor Peter Navarro on Monday called on India to stop buying Russian crude oil, accusing the Asian giant of undermining international efforts to isolate Vladimir Putin’s war economy.Writing in in the Financial Times, Navarro described India’s dependence on Russian oil as “opportunistic,” adding that if India “wants to be treated as a…
Algeria is close to finalizing a deal with Exxon Mobil Corp. and Chevron Corp. to tap the North African nation’s vast gas reserves, including shale, for the first time, a senior official said. “The technical aspects have more or less been agreed upon, but the commercial alignment is still under negotiation and will soon be finalized,” Samir Bekhti, the chairman of energy regulator Alnaft, said in an interview. Attracting the two US giants “sends a strong signal,” he said. Algeria is betting big on shale as it looks to shore up state revenue in a country where hydrocarbons account for…
Indian Oil Corp., the largest refiner in the country, is set to launch its first sustainable aviation fuel production facility by the end of the year. Production capacity will be 35,000 tons annually, with the feedstocks coming from hotel chains, restaurants, and other large-scale users of cooking oil.The plant’s projected capacity will be enough to meet India’s requirements for blending 1% of sustainable aviation fuel with jet fuel beginning from 2027, the chairman of Indian Oil Corp., Arvinder Singh Sahney, told the media as quoted by The Indian Express. The main market for the product will be Europe, which has…
If you’re dreaming of joining the AI startup race, it might not be too late to start.”Sometimes it might feel like all the ideas are taken, but the economy is so big,” Greg Brockman, OpenAI’s cofounder and president, said in an episode of the “Latent Space” podcast released on Saturday. “It is worthwhile and really important for people to really think about how do we get the most out of these amazing intelligences that we’ve created.”Brockman said startups that connect large language models to real-world applications are extremely valuable.Brockman, who cofounded OpenAI in 2015, added that domains like healthcare require…
California’s new laws laws requiring large companies to disclose their value chain greenhouse gas emissions and report on climate-related risks survived another court challenge, with a U.S. District Judge denying a motion to block enforcement of the laws on First Amendment free speech grounds. The motion marked the latest move by the U.S. Chamber of Commerce, alongside other business groups, to strike down California’s upcoming climate reporting requirements on constitutional grounds before proceeding to trial, with the court ruling against two motions earlier this year and late last year. The regulations, SB 253 and SB 261, were approved by Governor Newsom in…
Longtime rivals China and India are quietly and cautiously strengthening ties against Trump’s unpredictable approach.White House trade adviser Peter Navarro said India’s purchases of Russian crude were funding Moscow’s war in Ukraine and had to stop, adding that New Delhi was “now cozying up to both Russia and China.””If India wants to be treated as a strategic partner of the US, it needs to start acting like one,” Navarro wrote in an opinion piece published in the Financial Times. India’s Foreign Ministry has previously said the country is being unfairly singled out for buying Russian oil while the United States…
The amount of crude oil going into storage in China has declined from 1.42 million barrels daily in June to 530,000 barrels daily in July, suggesting a pick-up in demand, as reported by Reuters’ Clyde Russell.Refinery rates went up to 14.85 million barrels daily last month, the report also said, which was an 8.9% increase from July 2024, but at the same time, it was a 2% decline from June 2025. The utilization rate at Chinese refineries, however, rose both on an annual and on a monthly basis, reinforcing the perception of an improvement in demand.Reuters’ Russell noted that China…