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42d05/29⚠ war-conflict · 1/5

Ouster ($OUST) - Poised to capture the "physical AI" layer

Ouster (OUST), a US company I've been heavily invested in and following for the last year. I believe they have the ability to capture the "physical AI" layer. The thesis is that AI will diversify from screens and into the real world (robots, drones, warehouses, factories, vehicles, infrastructure, security systems, etc.). All of these need to understand their physical surroundings, and while a camera can show what something looks like, lidar shows where things are in 3D (distance, shape, movemen

Social◇ unclassifiedusa
42d05/29⚠ war-conflict · 3/5

Kansas Fed Pres Warns Oil Price Shock Might Not Be Transitory

Federal Reserve Bank of Kansas City President Jeffrey Schmid has warned that the current global energy shock cannot simply be dismissed as transitory, given already-elevated baseline inflation. Speaking at a conference in Iceland, Schmid pointed out that inflation has stalled near 3% and remained above the Fed's 2% target for a long time, making it challenging for the central bank to "look through’’ surging oil prices. Schmid has argued that current monetary policy may not be restrictive enough,

◇ unclassifiedmiddle-east · russia · usa
42d05/29

Canadian poison seller Kenneth Law pleads guilty to aiding suicides

The Canadian man who helped scores of people worldwide kill themselves by selling them poison pleaded guilty on Friday to 14 counts of aiding suicide, as prosecutors said they will withdraw murder charges. Since Kenneth Law’s arrest in 2023, details of the online forums where he advised distressed people on how to end their lives have caused public outrage and triggered investigations in several countries. In Canada, Law faced 14 murder charges and an additional 14 charges for aiding suicide. At

◇ unclassifiedchina · asia · usa
42d05/29

US Drillers Add More Rigs In Response to Higher Prices

The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 562, down just 1 from this same time last year. The number of active oil rigs rose by 4 to 429 during the latest reporting period, according to the data. This is 22 below this same time last year. The number of gas rigs stayed the same at 125, which is 16 more than this time last year. The miscellaneou

◇ unclassifiedmiddle-east · russia · usa
42d05/29⚠ war-conflict · 3/5

Chevron CEO: Multiple Ships Attacked In Strait of Hormuz

Multiple vessels transiting the Strait of Hormuz have suffered attacks this week, Chevron Corp. (NYSE:CVX) Chief Executive Officer Mike Wirth revealed in an interview on Bloomberg TV on Friday. According to Wirth, these previously unreported incidents highlight ongoing risks for ships plying the channel despite any ongoing diplomatic efforts. Commercial shipping traffic through the key chokepoint--which normally carries 20% of the world’s petroleum--remains paralyzed with traffic at roughly 10%

◇ unclassifiedmiddle-east · russia · usa
42d05/29

Brussels fires starting gun on tougher China trade policy, as Beijing vows retaliation

The European Commission agreed on a tough new approach to trade relations with China, at a rare Beijing-focused debate among Brussels’ leadership on Friday. In a presentation, trade chief Maros Sefcovic laid out why the bloc needed to take stronger steps to defend itself from what is described as a new “China shock” to its industries, according to people briefed on the event. This may require developing a new instrument to compel companies in critical sectors to expand both the number and the...

◇ unclassifiedchina · asia · usa
42d05/29

Ex-chief of Hong Kong journalist union serving 5-day jail term after losing appeal

A former chairman of the Hong Kong Journalists Association has failed in his bid to overturn a conviction and five-day jail sentence for obstructing a police officer. Ronson Chan Ron-sing, 45, had refused to present his identity card to police during a stop-and-search procedure nearly four years ago. Deputy Judge Lily Wong Sze-lai dismissed his appeal at the High Court on Friday and ordered him into custody immediately. Chan was sentenced to five days in jail in 2023 after a magistrate found him

◇ unclassifiedchina · asia
42d05/29

Education Bureau took action after teacher carried female student like bride

The conduct of another Hong Kong educator has been thrust into the spotlight after photos showing him carrying a female student in his arms surfaced online, with education authorities revealing they dealt with the matter when they first learned of the images two years ago. The Education Bureau’s response to questions from the South China Morning Post about the photos on Friday came a day after the principal of another Hong Kong school resigned for swearing at security guards during a class trip.

◇ unclassifiedchina · asia · usa
42d05/29⚠ war-conflict · 1/5

Update FATCA customer and investment

Hello, I reported here 10 months ago (https://www.reddit.com/r/Finanzen/s/STdgasJBo3). US citizenship is finally history (6 month wait). It cost just under $8,000 (€2.5k for retroactive tax returns, Americans Overseas Fees of $2k and $2.5k for the US consultation (with processing fee)) and in the end it didn't do anything. Sure, we save ourselves the $500/year US tax return, but we still can't invest... And therefore no D

Social◇ unclassifiedgermany · usa · europe
42d05/29

Secretive Azerbaijan Deal Raises Energy Security Concerns in Georgia

Recently signed deals between Georgia and Azerbaijan are raising fresh questions about Tbilisi’s strategic direction and energy security. The deals flowed out of a May 18 meeting in Baku between Georgian Dream Prime Minister Irakli Kobakhidze and Azerbaijani President Ilham Aliyev. Those talks occurred just weeks after Aliyev’s visit to Tbilisi, where he also met Georgia’s de facto ruler, Bidzina Ivanishvili. Despite their political significance, the full texts of the agreements signed while Kob

◇ unclassifiedmiddle-east · russia · usa
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