U.S. Sanctions Aren’t Touching Russia’s Hottest Startup
Summary
Iran escalates demands to reopen the Strait of Hormuz, while Israel rejects Trump’s Gaza peace plan. Meta launches open-weight AI models to counter Chinese competition, and Apple tests Chinese memory chips amid supply crunches. The UAE expands oil production after leaving OPEC, and Berkshire Hathaway’s new CEO increases stock buying. Finally, Russia’s state-backed A7 payment network grows to evade sanctions, handling $100 billion in annual transactions.
Topics discussed
Intro: Iran demands, Meta AI, and Russia's A7
Netanyahu rejects Trump's Gaza peace plan
Iran raises demands to reopen Strait of Hormuz
Taylor Farms recalls products over salmonella fears
Meta launches open-weight AI models to compete with China
Apple tests Chinese memory chips to ease supply crunch
UAE ramps up oil and gas production post-OPEC exit
Berkshire Hathaway's new CEO increases stock buying
Russia's A7 network evades sanctions via crypto and shell cos
How A7 facilitates cross-border payments outside SWIFT
A7 expansion challenges US dollar financial supremacy
Listen ad-free on Castria