BuzzFeed and Microsoft lead the charge as AI replaces jobs
We may be witnessing an inflection point with artificial intelligence (AI), notably OpenAI’s GPT large language model replacing jobs through automation.
Last week the news and entertainment company BuzzFeed Inc (NASDAQ: BZFD) said it would use the GPT-3 engine to create quizze...
Saudi Arabia to spend US$3b acquiring global mining assets in 2023
In an effort to diversify its economy away from oil and secure access to strategic minerals, Saudi Arabia has established a new company that will invest in global mining assets.
According to a statement released on Wednesday, the sovereign wealth fund (PIF - Public Investment ...
Europe poised to enter rare earths race after major discovery in Sweden
With no internal supply, vast numbers of European industries have been reliant on China for rare earths, until now.
That may now be on the way to changing with the announcement by the Swedish state-owned mining company LKAB that it has identified more than 1 million tonnes of ...
FansUnite Entertainment sets new revenue record, cash flow positive
FansUnite Entertainment (TSX: FANS) has generated $20.08 million of revenue for the nine months ended 30 September 2022, and achieved its first cash flow positive quarter from operations.
The maiden cash flow positive quarter was achieved in Q1 FY2022, and amounted to approxim...
Copper Mountain Mining hit by ransomware, second major attack on copper producer
In a development that will send shockwaves through the mining industry, it seems that metal producers might be a new target for ransomware criminals.
Copper Mountain Mining (TSX: CMMC) has put its Canadian treatment plant on “preventative” shutdown after being hit by a ransomw...
York Harbour Metals hits more copper-zinc in effort to revive 124-year-old Newfoundland mine
Toronto-based York Harbour Metals (TSX-V: YORK) has drilled through copper and zinc-rich volcanogenic massive sulphides (VMS) at its flagship York Harbour copper-zinc-silver project in western Newfoundland.
The historic mine operated between 1898 and 1913 and has remain closed...
Microsoft buys 4% stake in London Stock Exchange
Microsoft (NASDAQ: MSFT) has entered into a 10-year strategic partnership with the London Stock Exchange Group (LSE: LSEG) – including scooping up a 4% stake in the exchange.
The partnership will reportedly help Microsoft generate an additional US$5 billion in revenue and will...
Patriot Battery Metals reports strong lithium results from drilling at Corvette property
Patriot Battery Metals (TSX-V: PMET) has reported core assay results for 12 additional drill holes at its wholly-owned Corvette lithium property located in Canada.
The company’s primary focus area has been the CV5 pegmatite, located approximately 13.5 kilometres south of the r...
China moves to buy oil and gas using yuan instead of US dollars
China is rolling-out plans to acquire oil and gas products in exchange for yuan, instead of US dollars, from top producers in the Arabian Gulf.
These plans were unveiled by China’s President Xi Jinping at a summit held in Riyadh, Saudi Arabia last Friday.
Hosting the talks ...
Ascot Resources hits 488g/t gold at Big Missouri gold-silver deposit
Vancouver-based Ascot Resources (TSX: AOT) has drilled its highest-grade gold intercept in five years – unveiling a 1m interval at 488 grams per tonne gold at its Big Missouri deposit.
This was within a broader 7.9m intersection grading 62.76g/t gold and 27.36gt silver, which ...
