The Strategist

The Strategist
Latest News & Analysis
Companies & CEOs

Nvidia may provide OpenAI with $250 billion financial guarantee to access AI capacity in the US

Nvidia may provide OpenAI with $250 billion financial guarantee to access AI capacity in the US
The Wall Street Journal reports, referring to sources, that Nvidia Corp. is in talks to offer a financial guarantee to OpenAI to assist the AI firm in utilizing SoftBank Group's US data center computing resources. SoftBank's initiative in Ohio...

FT: SpaceX’s European competitor plans to raise valuation to $2 billionv

FT: SpaceX’s European competitor plans to raise valuation to $2 billionv
European space startup The Exploration Company (TEC) is negotiating to secure hundreds of millions in funding to advance a project aimed at producing reusable space capsules, according to the Financial Times (FT), referencing sources. The newspaper...

Battery maker Varta files for bankruptcy

Battery maker Varta files for bankruptcy
German battery manufacturer Varta has applied for bankruptcy, according to a Stuttgart district court representative who spoke with Reuters. The agency announced a day earlier that the struggling company intended to take this action after its...

Bloomberg learns of Uber layoffs due to AI implementation

Bloomberg learns of Uber layoffs due to AI implementation
Uber Technologies has reduced its customer and driver support team by 10% as a result of adopting artificial intelligence and a worldwide organizational streamlining initiative, Bloomberg reports, referencing an internal memo. Megha Yethatika, vice...
Markets & Industries

Data centers will consume 20% of US electricity in 2035

Data centers will consume 20% of US electricity in 2035
According to BloombergNEF, data centers in the United States are projected to represent around 20% of the nation's overall electricity use in 2035. This share is presently at 5.9% and is projected to increase to about 12% by 2030. Due to the swift...

EU will review its rules for foreign acquisitions of airlines

EU will review its rules for foreign acquisitions of airlines
The European Union is updating its airline ownership regulations to stop foreign investors from taking control of airlines, Reuters stated, referencing an unnamed official from Europe. The evaluation arises as two U.S. investment firms compete for...

Goldman Sachs expects Brent oil prices to reach $120 per barrel due to US-Iran war

Goldman Sachs expects Brent oil prices to reach $120 per barrel due to US-Iran war
Goldman Sachs analysts suggest that if disruptions in the Strait of Hormuz continue, Brent crude oil prices might surpass $120 per barrel by the fourth quarter of 2026. The analysts remarked that the rise in Middle Eastern tensions and the reduction...

Bookmakers earn record money from the World Cup

Bookmakers earn record money from the World Cup
The magnitude of wagering on the 2026 World Cup is unparalleled. Macquarie estimates that more than $50 billion has been bet on the tournament globally, making it the biggest betting event ever, exceeding both Qatar 2022 and the record-setting Super...
In-depth coverage

European Tech Sovereignty: Europe Enters the Era of Exascale with the Inauguration of the Jupiter Supercomputer

Europe has taken a giant leap in technological development and supercomputing sovereignty with the launch of its first exascale computer in Germany. JUPITER, built using American chips but set to develop further with the integration of European microprocessors in 2026, is capable of performing over one quintillion (10¹⁸) operations per second, immediately cementing its place as Europe’s mos...
>>> Zoom on Earth
World & Politics

Iceland opens referendum on resuming EU accession negotiations

Iceland opens referendum on resuming EU accession negotiations
Early voting has started in Iceland's referendum regarding the resumption of accession talks with the European Union, Le Figaro reported. Citizens will be posed the question: "Should Iceland restart accession talks with the EU?" The primary...

Sources cite reasons for halting US attacks on Iran

Sources cite reasons for halting US attacks on Iran
According to sources cited by The New York Times, US President Donald Trump has delayed efforts to escalate attacks on Iran. They stated that the choice was reached on July 24, following discussions between the US leader and his advisers and Cabinet...

Germany faces fivefold increase in imported gas prices

Germany faces fivefold increase in imported gas prices
As a result of heightened tensions in the Middle East and the halt in energy supplies from Russia, Germany must pay five times the amount for gas compared to 2020, as reported by the Berliner Zeitung. Fuel prices at the German border are now...

FT estimates US revenue from Venezuelan oil sales in 2026 at over $13 billion

FT estimates US revenue from Venezuelan oil sales in 2026 at over $13 billion
According to calculations by The Financial Times, the US government generated more than $13 billion in 2026 from exporting oil extracted in Venezuela. The report stated that the administration offered minimal details regarding the allocation of this...
Management & Strategy

Intel plans job cuts in data center division

Intel plans job cuts in data center division
Intel Corp., a top manufacturer of computer components globally, is reportedly planning another wave of layoffs, according to CNBC, referencing a company representative. Intel has reduced around 5,000 jobs in the U.S., mainly in California and...

British authorities will oblige banks to train employees in AI

British authorities will oblige banks to train employees in AI
The UK Treasury is developing a "skills compact" that will mandate the top banks in the country to reskill their workforce to handle the "artificial intelligence revolution." The Guardian reports that new guidelines from the Treasury might be...

Heineken appoints outside director for the first time in its history

Heineken appoints outside director for the first time in its history
Heineken has named Rafael Oliveira, the CEO of coffee firm JDE Peet's, as its first-ever CEO, according to the Financial Times. This marks the first instance in the history of the Dutch brewery where an external director has been named CEO....

BBC to cut 550 jobs

BBC to cut 550 jobs
The BBC has announced that it will eliminate 550 positions. The job cuts will also impact the news and content divisions. Certain outdated programs will be shut down, and groups will be merged. The steps revealed on Wednesday will lower yearly...