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"India's Efforts to Secure Affordable Russian Oil Amid Tightening Sanctions"

"India's Efforts to Secure Affordable Russian Oil Amid Tightening Sanctions" India’s state-owned refiners are expediting payments for Russian crude oil to complete transactions before expanded US sanctions take effect. These refiners now settle payments within two days instead of the usual five, aiming to secure discounted Russian oil while navigating an increasingly restricted global trade environment. The urgency stems from Washington's announcement of stricter sanctions targeting Russia’s oil industry, which are set to take effect next month. Refiners are keen to ensure transactions are completed during the “wind-down” period allowed for pre-sanctioned cargoes. At least 4.4 million barrels of Russian oil are en route to Indian ports like Jamnagar, Chennai, Paradip, and Visakhapatnam. Among these shipments is the tanker Mercury , carrying over 1 million barrels of Russian Urals crude, expected to arrive in Paradip soon. This vessel loaded its cargo in mid-December ...
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OpenAI to raise a funding of $5 - 7 trillion

Sam Altman, CEO of OpenAI, is on a mission to supercharge artificial intelligence (AI) by raising trillions of dollars. His plan? To ramp up the production of advanced chips crucial for powering AI technologies.

Altman's idea, reported by The Wall Street Journal, involves gathering an enormous sum, possibly up to $5 - 7 trillion. This money would go towards setting up several chip factories worldwide, working with big players like Taiwan Semiconductor Manufacturing Company (TSMC).

The goal is to tackle a big problem: the shortage of powerful chips needed for AI tasks like ChatGPT. By making more chips, Altman hopes to push AI research and applications forward, leading to new breakthroughs in various fields.

Altman has been talking to important people, like leaders from the United Arab Emirates and executives from TSMC, showing how serious he is about this plan. While countries are trying to boost their own chip production, the industry is mostly controlled by a few big companies like TSMC and NVIDIA.

OpenAI has confirmed they're discussing ways to improve global chip infrastructure and supply chains, showing they're committed to making progress together.

Altman's journey at OpenAI has had its ups and downs, like when he was briefly removed from his position in November. But this latest move shows his determination to push AI forward and make it more accessible.

If Altman succeeds in raising the funds and expanding chip production, it could lead to exciting new possibilities in AI and technology, benefiting people worldwide.
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