June 18, 2026

06 Market

Shipping must remain under global rules despite Strait of Hormuz crisis, industry leaders warn– www.channelnewsasia.com

pgnewser April 22, 2026 0

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With security uncertain, many vessels have been forced to reroute, often taking longer journeys around the Cape of Good Hope instead of using shorter routes through the Middle East and Suez Canal.

These diversions come at a cost, including high fuel consumption and ultimately higher prices for consumers, Kazakos said.

“Shipping is a resilient industry that has been for centuries and will always be. We’re always going to find ways to improvise, adapt, overcome,” he added.

“However, we will very much like to see the opening of all the waterways … because that is the main preferred route, in order to maximise efficiency for the service we provide, and at the same time to be reliable to the customers we serve.”

OpenAI Beefs Up ChatGPT’s Image Generation Model– www.wired.com

pgnewser April 22, 2026 0

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OpenAI launched a new image generation AI model on Tuesday, dubbed ChatGPT Images 2.0. This model can generate more than one image from a single prompt, like an entire study booklet, as well as output text, including in non-English languages like Chinese and Hindi. This release is available globally for ChatGPT and Codex users, with a more powerful version available for paying subscribers.

When any major AI company releases a new image model, it can revive interest and boost usage, especially if social media users adopt a meme-able trend, transforming images of themselves. Last year, Google’s launch of the Nano Banana model was a major moment for the company, especially when users started posting hyperrealistic figurines of themselves online. Earlier this year, ChatGPT Images made waves on social media as users shared AI-generated caricatures.

What AI model should you use for revenue intelligence? Von says all the big ones, and it will automate mixing and matching for you– venturebeat.com

pgnewser April 22, 2026 0

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Looking at enterprise AI adoption, VentureBeat has anecdotally observed a fairly wide divergence when it comes to specific roles: For those who build—engineers and developers—the arrival of AI has been transformative, moving through the workflow with the speed of tools like Claude Code and Cursor to automate the heavy lifting of syntax and architecture.

Yet, for those who sell, the “revenue stack” has remained a fragmented collection of data silos, manual CRM entries, and anecdotal reporting.

Von, a new AI platform emerging from the team behind process automation startup Rattle, aims to bridge this gap. By positioning itself not as another “point solution” but as a foundational “intelligence layer,” Von seeks to do for Go-To-Market (GTM) teams what the modern IDE has done for the developer: provide a single, reasoning interface that understands the entire business context.

“AI has revolutionized the workflow for people who build things, but there is nothing that has revolutionized the workflow for people who sell those things,” Von CEO Sahil Aggarwal said in a recent video call interview with VentureBeat. “That is what we are trying to build with Von”.

Can AI Save Luxury Retail?– www.vanityfair.com

pgnewser April 22, 2026 0

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Rather than feel discouraged by the tech world’s disinterest in luxury, she decided to seize her company’s opportunity to target a massive, underserved market. The start-up builds custom tools for retailers, like customer-facing shopping assistants and back-end data optimizers, from the grocery store chain Sprouts to the multibrand retailers like Nordstrom. Looking ahead, Mostafazadeh is hoping her company “makes it so that what happened to the neighbor on the north doesn’t happen to the neighbor on the west,” she said, gesturing to Macy’s a few blocks away, lest it suffer the same bankruptcy fate as retailers like Ssense, Matches, and Saks Global.

You can probably think of a couple of pain points that Mostafazadeh’s technology—which she prefers to call “augmented intelligence”—aims to address. Many of these pain points can be found online, where shoppers can waste hours on an endless scroll without making a single purchase. (Natural language searches like “black loafers under $500 with ruching at the toe stitch only” are well within the realm of what’s technologically possible, but far from the reality you’d currently find on most e-commerce sites.)

Dept. of Education proposes rule tying federal aid to graduates’ earnings– www.thecollegefix.com

pgnewser April 21, 2026 0

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Key Takeaways

  • The U.S. Department of Education proposed a rule to hold colleges accountable for graduates’ earnings, introducing an ‘earnings test’ to ensure graduates earn more than those without a degree.
  • Programs failing to meet the earnings threshold, with bachelor’s graduates earning less than high school graduates, would lose eligibility for federal student loans.
  • The proposal aims to address rising student debt, emphasizing that taxpayer subsidies should only support programs that yield better outcomes for graduates.

Apple just named its next CEO—and Tim Cook is passing down the same advice Steve Jobs once gave him– fortune.com

pgnewser April 21, 2026 0

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“I would probably say the same thing,” Cook told The Wall Street Journal just weeks before the succession announcement. “Because you can get in paralysis if you start trying to port yourself into somebody else’s thinking.”

Ternus, who currently serves as Apple’s senior vice president of hardware engineering, will take the helm on September 1. Meanwhile, Cook’s 15-year stint as CEO of the tech giant will come to an end as he transitions to executive chairman of the board. Although the tech industry looked a whole lot different when Cook stepped into the top job in 2011— AirPods were still years away from hitting the market—he has never wavered from Jobs’ leadership lesson. And now, he’s passing down the same wisdom in welcoming the next face of Apple.

“I would say: Be yourself, keep a firm North Star on the values of the company,” Cook continued. “Because if you get the values right, if you keep the North Star in clear view, you may be blown off course a little bit, but eventually you will come back to the right path. I have always found that to be true.”

AI is Becoming a Utility

pgnewser April 21, 2026 1

More and more Americans have begun making AI subscription services a part of their essential household budget. Since 2024, paid AI subscriptions have increased by 38%. The paid AI subscription service market is expected to exponentially expand over the next two years.

Generative AI News: US Households Are Carving Out Room in Budgets for ChatGPT and AI Subscriptions – crypto.news– news.google.com
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In the latest generative AI news, CBS MoneyWatch reported that US households are actively making room in their budgets for AI subscriptions, backed by Bank of America Institute data showing the number of paying AI subscribers has surged 38% from the 2024 average.

Summary
  • Approximately 3% of Bank of America households paid for AI services in early 2026, with median monthly spend at $20, up 10.4% year over year, driven by growing use of tools like ChatGPT Plus, Claude Pro, and Gemini.
  • The share of subscribers paying $21 to $40 per month jumped 50% year to date versus 2024, suggesting consumers are moving up the pricing tiers as they deepen their use of AI tools for daily tasks.
  • Bank of America Research projects the US consumer AI market could scale to $75 billion annually as AI becomes embedded in productivity, search, entertainment, and personal assistant use cases.

Generative AI news has moved from enterprise budgets to household spending lines. Bank of America Institute analysis of nearly 70 million consumer accounts found that the number of households making AI subscription payments is up 38% from the 2024 average, with median monthly spend sitting at $20 for those who pay, up 10.4% year over year.

 

Dirt-Powered Batteries

pgnewser April 21, 2026 1

Researchers from Northwestern University have invented a fuel cell that is powered by microbes found in soil. Northwestern alumnus Bill Yen, who led the work, said of their proof-of-concept, “We need to find alternatives that can provide low amounts of energy to power a decentralized network of devices… we looked to soil microbial fuel cells, which use special microbes to break down soil and use that low amount of energy to power sensors. As long as there is organic carbon in the soil for the microbes to break down, the fuel cell can potentially last forever.”

Scientists develop dirt-powered fuel cell that could replace batteries– www.sciencedaily.com
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Researchers led by Northwestern University have developed a fuel cell that generates electricity using microbes naturally found in soil. The device, roughly the size of a paperback book, produces small amounts of power by capturing energy released as these microorganisms break down organic material in dirt.

This soil-powered system is designed to run underground sensors used in precision agriculture and environmental monitoring. It offers a potential alternative to traditional batteries, which contain toxic and flammable materials, rely on complex global supply chains, and contribute to growing electronic waste.

Feds Sound Alarm Over Warning That Anthropic ‘Mythos’ AI Can Hack ‘Every Major Operating System’– slaynews.com

pgnewser April 20, 2026 0

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Federal officials are scrambling after a powerful new artificial intelligence (AI) model demonstrated the ability to hack virtually every major operating system and web browser, triggering urgent warnings from top government and financial leaders.

AI giant Anthropic’s new system, known as “Mythos,” is being kept under tight restrictions.

However, insiders say the threat is already serious enough that the U.S. government is racing to understand it before it’s too late.

Treasury Rushes to Access High-Risk AI

According to reports, the U.S. Treasury Department is urgently seeking access to Anthropic’s restricted model

The US backs a South Africa project to extract rare earths despite a diplomatic clash– abcnews.com

pgnewser April 20, 2026 0

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PHALABORWA, South Africa — Two enormous sandlike dunes at an old chemical processing plant in South Africa are at the center of an exploratory U.S.-backed project to extract highly sought-after rare earth elements from industrial mining waste.

The Phalaborwa Rare Earths Project has U.S. support through a $50 million equity investment by the government’s International Development Finance Corporation and is part of accelerated U.S. efforts to reduce reliance on economic rival China for the minerals crucial for making electronic devices, robotics, defense systems, electric vehicles and other high-tech products.

Countries have identified dozens of minerals, including copper, cobalt, lithium and nickel, as critical because they are essential for new technologies. The 17 rare earth elements are a subset of them.

President Donald Trump has made expanding U.S. access to critical minerals, including rare earth elements, a central policy to counter China. The Trump administration said this year it will deploy nearly $12 billion to create its own strategic reserve.