Major technology companies, including Amazon, Microsoft, and Google, are investing in next-generation geothermal energy, a low-carbon source that could complement solar and wind power. Start-ups like Fervo Energy and Sage Geosystems are racing to tap into the Earth’s heat, using enhanced geothermal systems (EGS) that create their own reservoirs of heated water. While costs are…
industry on The Soothsayer / page 14
United States Securities and Exchange Commission Chair Gary Gensler will step down on January 20, marking the end of his ambitious tenure that saw him clash with Wall Street and the crypto industry. Gensler’s departure comes as the agency faces intense pushback from Wall Street and congressional Republicans over his sweeping agenda to boost transparency,…
Solana and Shiba Inu have been experiencing massive gains, but savvy investors are turning their attention to undervalued cryptocurrencies like Lunex Network. The native utility token, $LNEX, is making waves with its viral presale, and experts predict it could outperform both Solana and Shiba Inu in 2025. Lunex Network’s innovative decentralized exchange and rev-share model…
Former billionaire investor Sung Kook “Bill” Hwang has been sentenced to 18 years in prison for his role in the collapse of Archegos Capital Management, which led to losses of over $10 billion for Wall Street banks. Hwang was convicted of 10 criminal charges, including wire and securities fraud, and market manipulation. The collapse of…
Scientists have successfully edited two genes in tomatoes to increase their sugar content by up to 30%, making them sweeter and more flavorful. This breakthrough could lead to a significant improvement in the global tomato industry, with potential applications in various sectors, including food production and research. Forecast for 6 months: Expect a surge in…
Anthropic, a leading AI startup, has secured an additional $4 billion from Amazon, solidifying their partnership and cementing Amazon’s position as a minority investor. The deal requires Anthropic to train its flagship generative AI models primarily on Amazon Web Services (AWS), Amazon’s cloud computing division. This strategic move is expected to accelerate the development of…
A recent review of Rio Tinto’s workplace culture has found that over a third of employees experienced bullying in the past year, with female employees being more likely to report such incidents. The company has made efforts to tackle sexism and racism, but the review suggests that more work is needed to achieve sustained change….
In a surprising turn of events, OpenAI has accidentally deleted data potentially relevant to a copyright lawsuit filed by The New York Times and Daily News. The lawsuit alleges that OpenAI scraped their works to train its AI models without permission. OpenAI engineers erased the data, but were able to recover most of it, albeit…
The biotech industry is witnessing a surge in the development of bispecific antibodies, a type of targeted therapy that can deliver two-in-one treatments to patients with cancer and other diseases. Several companies, including Adaptin Bio, Akeso, AP Biosciences, Candid Therapeutics, Summit Therapeutics, and Zenas BioPharma, are working on various bispecific antibody candidates, some of which…
San Francisco’s mayor-elect, Daniel Lurie, has appointed OpenAI CEO Sam Altman to help lead his transition team. Altman will provide guidance on how the city can innovate and develop relationships with key partners. This move is seen as an effort to attract young professionals and convince current tech entrepreneurs to stay in the city. In…
