Gnosly

⚠️ What a week for Oil’s so far: East-West pipeline hit/offline Jazan Aramco hit Abha Aramco hit Yanbu/YASREF fires Saratov refinery hit Slavyansk refinery hit TANECO hit Syzran refinery hit Libya shuts Hamada + Al-Tahara fields Hormuz shipping hit/disrupted Bab el-Mandeb pressure SPR at 1982 low And it’s only Tuesday. God bless. #OOTT

Firms like DoorDash, Siemens and Airbnb have began to use much cheaper open-weight Chinese models. They are not alone: "at the start of the year, three-fifths of its queries were routed through to closed-weight proprietary models. The latest share is just a quarter." This raises an important question about the capacity of US frontier labs to monetize AI going forward.

(WSJ) - American oil executives warned for months that the prolonged closure of the Strait of Hormuz was bound to cause a fuel crisis. Now, they say it is here.Source: Carl Quintanilla@carlquintanillaWSJ