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According to Politico: Anthropic is quietly marketing its own AI security bill to lawmakers.US President Trump: Biden provided Ukraine with $350 billion worth of equipment and cash. This is bad, very bad, absolutely terrible.On October 17, local time, the Security Council held its sixth round of indicative voting on the selection of the next UN Secretary-General on the afternoon of October 16. This round of voting was the first to use colored ballots to separate the votes of the five permanent members. For a candidate to receive the Security Councils final recommendation, they must obtain at least nine "encouragement" votes and have no objections from any permanent member.US President Trump: (Regarding the Strait of Hormuz) What would the Arab countries think if we renamed it the "Trump Strait"? We can easily handle that.On October 17th, according to Axios, John Felton, CFO of Amazon Web Services (AWS), stated that spending on AI infrastructure and services is sustainable because related investments are driving substantial innovation. Felton said that AWSs AI capital expenditures are yielding returns, and businesses should view AI as a tool to improve productivity, not just a means to cut costs. Felton also stated that as of the second quarter, AWS had a backlog of nearly $500 billion in orders, with customers ranging from large enterprises and AI labs to small and medium-sized enterprises, so he is "confident" in the companys capital expenditure arrangements, emphasizing, "The demand is real." He also stated that the payback period for AWSs AI servers is less than three years. Regarding the continued profitability of AI investments, Felton said that internal AWS data shows a "roughly linear relationship" between token usage and productivity gains. AWS is currently experiencing "significant ROI and productivity gains" and plans to further expand related investments.

News Lifts Oil The EU May Cut Off Russian Oil Imports

Charlie Brooks

Apr 15, 2022 09:50

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In April, both contracts posted their first weekly gain. Prices have been the most volatile in recent weeks since June 2020.


According to the New York Times, the European Union is considering a phased-in embargo on Russian oil to provide Germany and other nations time to secure alternative supply.


A phased-in prohibition would compel European purchasers "to seek alternate sources, some of which are being provided in the short term via Strategic Petroleum Reserve releases, but in the future, more supplies from the ground would be necessary," Lipow Oil Associates' Andrew Lipow said in Houston.


The International Energy Agency warned on Wednesday that around 3 million barrels per day of Russian oil might be shut down starting in May as a result of sanctions or importers intentionally avoiding Russian supplies.


According to Reuters, major global trading houses aim to reduce their imports of crude and gasoline from Russia's state-controlled oil corporations in May.


Russia's Energy Ministry said that access to its data on oil and gas production and exports will be restricted.


Trade will remain "a little anxious" while the conflict between Russia and Ukraine raged on and nations considered banning Russian imports, Price Futures Group analyst Phil Flynn said.


"The key issue will be how many individuals want to be oil short heading into the long weekend."


Traders also changed their positions on Thursday, when May crude oil options in the United States expire.


According to industry analysts, US oil production predictions are being revised upward despite labor and supply chain restrictions, as higher prices stimulate additional drilling and well completion activities.


US oil rigs increased by two to 548 this week, the highest level since April 2020, according to energy services company Baker Hughes.


The US Energy Information Administration said on Wednesday that the United States' oil reserves increased by more than 9 million barrels last week, owing in part to strategic reserve releases. According to a Reuters survey, analysts expected just an 863,000-barrel gain.


On the demand side, Chinese refiners are set to reduce crude throughput by about 6% this month, a level last seen in the early days of the COVID-19 pandemic two years ago, industry sources and analysts said. The move is intended to relieve pressure on bulging fuel inventories following recent lockdowns.

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