Author: omc_admin

Mark Cuban says the race to build the world’s most powerful AI model looks eerily similar to the 1990s search-engine boom — and could end the same way: with one dominant player and everyone else left behind.”You’ve got five, six, whatever it is, companies that are trying to create the ultimate foundational model that we all depend on,” Cuban said on the “Pioneers of AI” podcast.”It’s almost like in the ’90s when all the search engines were competing pre-Google… There were all these different [ones] and you didn’t know if it was going to be a winner-take-all, or a top…

Saudi Aramco announced, in a statement posted on its site recently, 17 Memoranda of Understanding (MoUs) and agreements “with a potential total value of more than $30 billion” with “major” companies in the United States. The deals were made through Aramco Group Companies, Aramco pointed out in the statement, adding that these MoUs and agreements build on the 34 MoUs and agreements announced with U.S. companies in May, which Aramco highlighted had a “potential total value of approximately $90 billion”. In the statement, Aramco noted that its latest MoUs and agreements are expected to support its strategic growth objectives while enhancing shareholder…

When Logan Brown left Cooley to start a legal tech firm this spring, she moved to New York City. She has begun recruiting lawyers to her venture.”It’s not that hard of a sell,” Brown, 30, said on a phone call from her apartment in the Financial District. More junior lawyers want to help build the future, not watch it pass them by. For them, New York is the obvious place to be.Legal tech skyrocketed this year as corporate clients pushed law firms to use tools that can lower costs and improve results. The change is playing out floor by floor…

Slowing imports from China have pushed the volumes of Iranian oil held in tankers at sea to the highest level in two and a half years. The volume of Iran’s crude in floating storage has jumped in recent weeks and widened the discount of Iranian grades to international benchmarks. As many as 52 million barrels of Iranian oil is stashed on tankers at present, nearly double compared to October, according to data from energy flows intelligence firm Kpler cited by Bloomberg. In comparison, early this year the volumes of Iranian crude in floating storage was only about 5 million to 10 million barrels…

Material sorting startup Sortera Technologies announced that it has raised $45 million in a funding round aimed at supporting the company’s growth as a domestic supplier of recycled aluminium products. Founded in 2020, Indiana-based Sortera enables the reuse of metals recovered from end-of-life products. The company’s solutions utilize artificial intelligence, image/data analytics and advanced sensors in industrial scale sortation methods to generate high-purity recycled and upcycled metal feedstocks from existing scrap streams. According to Sortera, the solution enables the precise sorting and capture of valuable aluminum from scrap streams, with its AI-enabled multi-sensor sorting systems with blending capabilities supporting customer-specific alloy…

The UK could end its reliance on exporting plastic waste by 2030 to support the creation of 5,400 new jobs and take responsibility for the environmental impact of its waste, according to research.The report said up to 15 new recycling facilities could be built by the end of the decade, attracting more than £800m of private investment. The increase in capacity would help generate almost £900m of economic value every year, providing at least £100m in new tax revenues annually.The report, by the consultancy Hybrid Economics, comes as Britain’s plastic exports rose by 5% in 2024 to nearly 600,000 tonnes…

Four years ago, Pinterest was bleeding users.The platform known for mood boards had made a big effort to compete with TikTok — as did nearly every other social media platform at the time — with short-form video, shoppable livestreaming, and paying creators.It didn’t work. When Bill Ready took over as Pinterest’s CEO in 2022, he felt the company needed a new direction.”I didn’t think the world needed a fourth or fifth best TikTok,” Ready told Business Insider in an interview. Ready, who left his previous post as Google’s president of commerce, decided that a search experience that was both personalized…

One of the most influential software engineers has hope for junior developers amid the industry-wide uncertainty caused by artificial intelligence.Martin Fowler sat down on a November 19 episode of “The Pragmatic Engineer” podcast to discuss the state of the software engineering world in 2025 — a year when major tech companies aren’t holding back when it comes to job cuts. Layoffs.ai has tracked around 114,000 tech employee layoffs so far in 2025, compared with nearly 153,000 in all of 2024.The 62-year-old, who has written several books about software development and is the chief scientist at software company Thoughtworks, said the…

DEIR AL-BALAH, Gaza Strip (AP) — Children and families in Gaza scooped muddy water from their tents on Tuesday, trying to protect the few belongings that remain after two years of war.Winter’s heavy rains have left displaced Palestinians splashing in water that reaches their ankles, and blaming both Israel and Hamas for the misery that remains despite a ceasefire.“All tents were destroyed,” said Assmaa Fayad in Deir al-Balah in central Gaza, whose shelter was damaged in Tuesday’s latest downpour. “Where is Hamas? Where are the people to see this rain and how our children are drowning?”A Hamas spokesperson, Hazem Qassem,…

Refiners are intensifying verification of oil origin and vessel history to navigate sanctions and maintain access to discounted Russian crude.Banks are now willing to consider financing trade in Russian oil if volumes come from non-blacklisted sellers and transactions are sanctions-compliant, according to people familiar with the matter.That’s a shift from a few weeks ago — before the latest US curbs, which took effect on Friday — when lenders were wary of clearing payments for any Russian cargoes, citing difficulties in verifying the supply chain, the people said. They declined to be named due to the sensitivity of the matter.India’s oil-buying…