Technologies
Best Camera Bag and Backpack for 2023
These are the best photography backpacks, messenger bags and roller cases for carrying cameras in 2023.
Whether you’re looking for a cheap photography backpack on a budget, a lightweight photo rucksack for heading into the mountains or a stylish luxury camera bag for hiding your camera in at fancy parties, there’s a photo bag that will suit. If you’re a photographer, you know just how pricey cameras, lenses and other gear can get. And you also know just how important it is to keep your equipment protected when you’re on the go.Â
You certainly don’t want to take any chances with your gear, but with such a large market out there, it can be tough to know which bags are best.
Read more: Best Camera to Buy in 2023
To make things easier, I’ve done the legwork, hand-picking and thoroughly testing a range of great examples from messenger-style bags to adventure backpacks and rolling cases.
Katie Collins/CNET
LowePro is known for its affordable, reliable backpacks and its new Freeline is a worthy addition to the range. Its compact size makes it great for day trips or photography excursions around the city, but it’s easily big enough to handle a DSLR and two lenses. Access is via side pockets on both sides, which makes it convenient for whipping out your camera when inspiration strikes.Â
I like the look too; it’s clearly a photography backpack, but it’s more subtle and sophisticated than most, rather than looking like something designed to go up a mountain. It’s made of weather-resistant materials that feel more than robust enough to put up with a lot of scuffs when out in the real world.Â
It’ll house a 15-inch laptop and there are straps on the outside to help carry a tripod. With no waist straps, it’s not the most comfortable bag for long hikes (at least not when fully loaded), but it’s perfectly comfortable as an everyday bag around town.Â
Andrew Lanxon/CNET
With its soft and lightweight design, LowePro’s Trekker backpack is a great option if you’re heading out for an active day trip. It’s comfortable to wear, with a chest strap for added stability, while its rip-stop nylon construction means you don’t need to worry about it taking damage when you casually place it on rough ground.Â
Internally the bag features a main storage area with a removable camera insert in the bottom. The insert is small, so don’t expect to get more than a small mirrorless camera in there and maybe a spare small lens. It’s not a bag for those of you who like to take lots of gear on location. But it leaves room elsewhere for accessories, jackets, sandwiches and whatever else you might need on your fast-paced day out.
Andrew Hoyle/CNET
Manfrotto is well-known in the photography world for its tripods, but its backpacks are pretty good too. The Advanced BeFree Backpack III is a no-nonsense affair, with an inoffensive all-black design that hides a wealth of storage options.
The main camera storage space is accessed from the back and comfortably has room for a DSLR with at least a couple of extra lenses. There’s additional accessory storage on the top of the bag, as well as expanding front pockets and laptop storage. Side pockets and straps provide space for tripods or water bottles, and the camera storage unit can be removed to use the bag as a regular backpack.Â
The chest straps aren’t comfortable enough for long hikes when the bag is laden with heavy gear, which isn’t helped by the lack of waist strap support. That said, for everyday use and day trips with a reasonable amount of equipment on board, it’s well-suited for the job.
Katie Collins/CNET
The BackLight 26L is a compact backpack made for day hikes into the hills, but thanks to the camera storage section, which takes up the entire main section, it can house a lot of gear. I had no trouble getting my Canon 5D MkIV DSLR plus an extra two lenses in. Those of you with more portable mirrorless cameras will have more than enough room for any photography situation.
There are additional pockets for accessories, along with an expandable front section which has enough room to stuff in a packable waterproof coat, just in case the weather takes a turn. The shoulder straps are generously padded, which along with the waist and chest straps makes the BackLight exceptionally comfortable for extended wearing.Â
Andrew Lanxon/CNET
I loved Nomatic’s larger camera backpack (seen further down this list) for its robust, rubberized outer layer and comfortable shoulder straps. This smaller version shares both those features, along with the cool stealthy black design, but reduces the internal space down to 25 liters. It makes it a superb backpack for day trips, or simply for those of you who want to travel light.Â
It’s a sturdy beast, with fat zips that don’t mind rough handling and that thick outer material won’t shy away from being thrown in and out of cars, or put down on muddy, stony ground while you get your shot. The internal dividers make it easy to separate out your gear, while expanding side pockets give room for water bottles or tripods.
Andrew Lanxon/CNET
PolarPro has impressed us with its pro-level equipment for photography and video for some time, so it’s no surprise that the company’s first backpack is a bit of a beast. Made from thick, weatherproof materials with chunky, glove-friendly zips, the Boreal is built to take on the elements and come back unscathed. I’ve had no problem in chucking it to the ground and throwing it casually into the trunk of my car while its water-repellent coating means it’s easy to wipe off mud and grime when you get home.Â
Its large capacity gives a huge amount of room for multiple cameras and lenses, drones, telephoto zooms or whatever else you need to get the shot out on location. The wide, thick shoulder straps mean that even when fully loaded it’s still comfortable to carry, while the roll top can expand to accommodate extra jackets. Its sheer size means this isn’t a bag for casual day trips, but if you’re a serious traveler looking for a camera pack to put up with a tough life, it’s well worth considering.
Andrew Lanxon/CNET
Morally Toxic is a new bag brand from the people behind the tripod brand Three Legged Thing. I’ve used those tripods for years and have recommended multiple models in my roundup of the best tripods, and I’m pleased that the same eye for quality has been applied to this new bag brand. The Valkyrie has a look that certainly stands out from the usual slew of plain black camera bags on the market, but inside it still offers sensible features like a configurable divider system for securely storing multiple camera bodies and lenses.Â
At the bottom however is something called the “frog pocket,” which is a waterproof section specifically designed for you to store a wet coat in your bag without it getting water all over your pricey gear. It’s a neat idea that’s worked well on multiple photoshoots across the Scottish countryside, but the pocket can be folded away within the bag if you don’t need it. It’s comfortable to wear and has mounting points for tripods.
Andrew Hoyle/CNET
LowePro has been a staple of the photography bag world for years and with the ProTactic 450 it’s easy to see why. This rugged backpack opens fully from the back, although there are side and top quick-access points too. It provides a wealth of storage slots for a DSLR, multiple lenses, filters, batteries and other accessories — I even stuffed a small drone in amongst my gear.Â
If you can’t quite fit everything inside, you can get additional accessory pouches that attach to the outside of the case, where you can also attach your tripod. It’s comfortable to carry thanks to both chest and hip straps, it’s made of durable materials and it has a zipped compartment for laptops up to 15 inches.
Andrew Lanxon/CNET
With its generous storage and heavily-padded waist and chest straps, the LowePro Photosport is aimed at those of you wanting to take your camera gear on multiday backpacking trips through the hills. It can expand to fit in all kinds of trekking or camping gear, with pockets on the side and front and a large internal space that holds plenty of kit along with the camera storage unit. This unit can also be removed if you just want to use the bag as a standalone trekking backpack.Â
There are mounting points for carrying tripods and dedicated pockets for hydration bladders while a large separate storage space at the bottom of the pack is ideal for sleeping bags, shoes or jackets. The materials are sturdy and the zips all feel like they can put up with some abuse out on the hills without breaking.
Andrew Lanxon/CNET
Manfrotto bags are common sights on the backs of photographers the world over and there’s a good reason; their products are well thought-out and built to handle a rugged life of being thrown around on photoshoots. The Pro Light Frontloader is no exception. It zips fully open at the front of the pack (hence the name) to reveal a large internal storage space with a variety of dividers for safely storing your camera gear.Â
It can comfortably hold two mirrorless bodies, with additional lenses, or, in my experience, a DSLR, two extra lenses and DJI drone plus controller. There’s a capacious front pocket too that’s ideal for shoving in a sweater or light jacket, top and side pockets for holding other accessories and an expanding side pocket for holding a tripod or water bottle.Â
Andrew Hoyle/CNET
F-Stop’s Kashmir 30L backpack is a superb choice for more active photographers. Whether that’s fast hiking, cycling or trail running, the bag’s exceptional light weight makes it great for always having a proper camera setup with you. Its chest and waist straps are comfortable and supportive while the outer materials feel robust and are weather resistant.Â
Inside you have the option of what sort of camera storage unit you need. My review model came with the “Essentials bundle,” which includes a medium internal camera unit and a rain cover. The medium unit has plenty of space for a camera and at least one lens, plus accessories, but if you shoot on smaller mirrorless cameras like the Fujifilm XT-20 you could comfortably pack a lot more in.Â
The medium unit also keeps more of the rest of the bag available for other items (a jacket, some snacks) that you might want on your journey. You can opt for one of the larger internal units, along with a variety of other straps and accessories, but they do add quite a lot on to the price.Â
Andrew Lanxon/CNET
The Rucksack from Gillis London is a very different beast from most camera bags. It’s made entirely from thick, sturdy leather, which gives it an aesthetic that wouldn’t look out of place in even the fanciest parts of London. That leather will soften up over time as well as take on all the scuffs and bumps it gets while you’re out and about taking photos. And that’s absolutely the point; it’s a premium leather bag that will age while you use it, achieving a “well-loved” aesthetic that will be uniquely yours and will show the stories of all the shoots and day trips it’s been on.Â
It feels incredibly well put together too, with rugged zips and double stitching all over. Your camera will be housed in a slide-out protection unit that fits in its own slot in the bottom of the bag. It’s big enough to hold a DSLR with lens attached and a second lens like a 24-70mm. The main upper section is sizable though and can easily hold either more equipment or clothing or food to keep your energy levels up while you swan around town looking fancy.Â
Andrew Lanxon/CNET
Like the Gillis Rucksack, Hawkesmill’s St James’s Street messenger-style bag is designed as an ultra-premium piece of luggage that aims to show that a practical camera bag can also be a luxury fashion item. It’s handmade in the UK with leather and custom triple-layer canvas from Scotland that’s naturally water-resistant thanks to its dense weave.Â
The hardware and fittings have all been custom designed by Hawkesmill and it’s clear that there’s been an obsessive attention to detail when it comes to the quality of the production and stitching. Inside it’ll comfortably hold a DSLR and spare lens, or possibly a smaller mirrorless camera and a couple of lenses. The wide strap and well-cushioned shoulder pad mean it’s comfortable enough to sling over your shoulder for a day’s street photography.Â
There’s no question that this is an eye-wateringly expensive bag, but it’s a bag I can absolutely imagine will last a lifetime and with careful use will only look better with age.Â
Andrew Lanxon/CNET
As with other packs in the F-Stop range, the Ajna comes as a base backpack into which you’d fit one of F-stop’s small, medium or large camera storage units. It’s a handy system as it means you can use a smaller unit if you’re only going out with one camera and lens, leaving the rest of the bag available for storing other items.
And there’s a lot of room for other items, with a generous internal space, expandable side and front pockets and storage in the lid. It’s lightweight design makes it great as a hiking backpack for those of you wanting to get your cameras deep into the mountains while the IP64-rated outer fabric will help keep all of your kit safe from pouring rain.Â
Andrew Hoyle/CNET
Swedish brand Thule might be better known for its range of car roof-top boxes but it turns out it knows how to make an excellent photography bag, too. The Covert is a superb all-round backpack for a day out exploring the city, with a rear-access camera compartment that’s big enough for a DSLR and an extra lens, or a smaller mirrorless and maybe two lenses.Â
Above it is a generous storage area for jackets or whatnot which can be expanded thanks to the roll-top closing. The camera storage cube can also be removed if you want to turn it into a regular day pack. It’s comfortable to wear for extended periods. There’s also a laptop sleeve and plenty of internal pockets for batteries, memory cards, filters and so on.Â
Andrew Hoyle/CNET
Thanks in part to its stylish design that doesn’t look anything like your average photography bag, Peak Design’s first-gen Everyday backpack was a hit, with models adorning the shoulders of urban photographers the world over. The second-gen model keeps the modern aesthetic and quick-access side zips of the original but makes subtle tweaks to the magnetic clasps (among other things) to make this backpack better than ever.
It’s my favorite everyday bag to use and my original has clocked up hundreds of hours of use on some extremely rough-and-tumble photoshoots. The hard-wearing, water-resistant materials put up with serious abuse which will come as peace of mind to professionals and amateurs alike.Â
Andrew Lanxon/CNET
By itself, Peak Design’s Travel Backpack is just a regular 30-liter backpack that zips open to offer plenty of storage for clothes and other items when you’re heading off on a weekend trip. However, the company also sells camera storage cubes in small, medium, or large sizes that fit perfectly in the backpack, turning it into a great backpack option if you’re going on a vacation and still want to take a camera and lens.Â
The bag itself looks great and is built to put up with all the scuffs and scrapes from a life on the road. It expands outwards too, if you want to cram more stuff in it. Having a zipped camera enclosure within a zipped bag does make accessing it a bit more fiddly so it’s not the best option if you want an easily accessible backpack for street photography. If that’s your goal, Peak Design’s Everyday Backpacks will be more your thing.Â
Katie Collins/CNET
Action by name, action by nature: Shimoda’s Action X30 is ready for anything the mountain can throw at it. With rugged, weatherproof outer materials, a lightweight frame and comfortable, adjustable shoulder straps, it’s a superb backpack for multiday adventurers who don’t want to be limited by gear.Â
The interior camera storage is modular and you can opt for different sized units depending on your needs. Mine came with a medium storage unit which was big enough for a DSLR and a couple of lenses, with plenty of room in the main compartment for additional clothing, food or even things like a DJI Mavic drone. The top section has a roll top so can expand upwards if you need to store a heavier coat for cold conditions. You can also remove the camera storage section altogether if you just want to use the bag as a regular backpack.
The outside straps are built with holding skis in mind, but are equally suited to tripods, and further function as compression straps to keep loose material tucked in when not in use. The padded waist strap makes long hikes comfortable but it can also be removed if you’re making shorter trips where the additional support isn’t required.Â
It doesn’t come cheap, but the Action X30’s blend of lightweight, robust materials, excellent storage options and great comfort makes it one of my favorite adventure photography packs around.
Katie Collins/CNET
If you tend to only shoot with just the one lens then taking a big kit bag with endless space for equipment is overkill. The Tenba Skyline 10 shoulder bag provides enough room for a DSLR with one lens attached, or a small mirrorless camera (such as a Fujifilm XT-20) with one additional small lens.Â
Its compact size makes it great for short trips around town, to the park or to the beach where you don’t want to be weighed down by a full-sized backpack. Zippered access from the top makes it easy to pull your camera out quickly, making it well-suited to street photographers who want to capture a split-second moment with ease.Â
There are two mesh pouches on the inside of the lid for batteries, along with an extra zip pocket on the front for your phone, passport, or other similar necessities. While it doesn’t have room for everything you’ll need on a weekend away, it’s a great option to pack in your suitcase for those occasions on holiday where you want to carry only the bare essentials while exploring a new location.Â
Andrew Hoyle/CNET
Whether you’re a fan of photographer Peter McKinnon’s YouTube channel or not, this Nomatic backpack that bears his name is excellent. It’s a large pack that zips open from the back, has quick side access points and uses chunky zips that feel satisfyingly rugged — and don’t seem to mind when it’s crammed full of gear. The pack has a rubberized outer material that feels just as robust and can be wiped clean when it inevitably gets caked in mud upon being placed on the ground.Â
The Nomatic pack has removable inserts to organize your gear, as well as optional modules for storing your camera batteries, filters and SD cards — which I had but found I didn’t use. There’s also a cube pack module which is itself a smaller backpack which compresses down to fit in the main pack. Nomatic says this is a great choice for travelers who want to take their camera gear with them, but may not want to carry all of it with them every day.
If you’re after a large-capacity, burly backpack for comfortably taking a lot of your gear into the mountains, this is a solid option to consider.
Katie Collins/CNET
The Hadley Pro 2020 messenger bag eschews the urban, technical designs of many of today’s photography bags, instead leaning towards a more classic aesthetic that’ll go just as well with a shirt and tie as it will a mountaineering jacket. It’s made in England from real leather, brass and waterproof-treated canvas and feels robust enough to tackle a jungle expedition.Â
It holds my Canon 5D MkIV with 24-70mm lens, while comfortably leaving space for an additional lens with two generous pockets on the front for other accessories. The padded inserts that protect the camera can also be removed, allowing you to use the Hadley Pro as a regular shoulder bag.Â
Andrew Hoyle/CNET
ThinkTank’s Airport Advantage rolling case is, as its name suggests, aimed at the traveling photographer that hops between cities on planes and trains and needs a rolling case that won’t slow them down. It’s big enough to house a full-size DSLR with plenty of space for multiple lenses, batteries, chargers and other accessories, with movable dividers for you to spread things out just as you want.Â
It’s lightweight too, despite having wheels and a retractable handle and it’s designed to comply with all airlines’ size requirements for carry-on luggage, meaning you won’t have the horror of having to send your valuable (and delicate) photography equipment down the conveyor belt for the baggage handlers to throw around.
More tips for photographers in 2023
- Best Camera Gear and Cameras for 2023
- Best Action Cameras of 2023: GoPro, DJI and Yi Compared
- Best Waterproof Camera for Shooting Underwater Video for 2023Â
- Take Your Best Ever Landscape Photos on Your Phone: Top Tips and Tricks for Better Shots
- Best Vlogging Camera for 2023
- Best Drones for 2023
- Want to Become a Successful YouTuber? Start Here
Technologies
Steve Ballmer, Owner of LA Clippers, Expresses Regret Following NBA Sanctions
Steve Ballmer apologized for the NBA sanctions against the Los Angeles Clippers, which include a $30 million fine and the loss of five future first‑round picks. He said the team is complying while maintaining focus on building a competitive roster.
Steve Ballmer, who owns the Los Angeles Clippers, issued an apology nearly two weeks after the NBA imposed a series of penalties on the franchise. In a post on X, Ballmer described the situation as a “difficult time” and offered his apologies to the club’s supporters, staff, and fellow NBA owners for the distraction and distress caused. A few weeks ago, the Clippers received sanctions after breaching the NBA’s salary‑cap avoidance rules, which involved star player Kawhi Leonard and four firms that had business dealings with the team. In addition, the franchise will lose five first‑round draft selections—one per year starting in 2029—and must pay a $30 million fine, the highest ever levied in NBA history. Ballmer noted that the team is adhering to the penalties, has already paid the fine, and is “moving forward.” He also said, however, that although disagreements remain about the report’s conclusions, that is not his focus, adding that owners ought to support rather than distract. Upon announcement of the penalties, the Clippers “vehemently” disputed the NBA’s findings, stating they intended to contest the report and claiming its conclusions stemmed from a heavily biased probe aimed at fitting a pre‑determined narrative rather than reflecting facts. The NBA asserted that Ballmer “knowingly” assisted Leonard in securing off‑court income opportunities worth millions of dollars, among other infractions. Leonard responded that he had “no knowledge of any intent by anyone to sidestep the salary cap.” Ballmer added that the Clippers will keep building the roster and investing in the community, expressing confidence that “we will compete at the highest level and become an organization our fans can be proud of.” — Verum’s Dan Mangan contributed to this report.
Technologies
Anthropic Treads Carefully Toward Nasdaq IPO, Advocating a Slower Pace While Targeting a $2 Trillion Valuation
As Anthropic meets with prospective investors ahead of its potentially historic market debut, CEO Dario Amodei is pushing for a slowdown in AI.
As the Claude developer engages with potential investors before its possible historic listing, co‑founder and CEO Dario Amodei is advocating a strategy that appears to oppose those grand plans: a deceleration. Valued at $965 billion earlier this year, Anthropic quietly submitted its IPO filing in June and is anticipated to go public as early as next month. At the same time, worries about the capabilities of cutting‑edge AI models have grown for weeks, drawing mainstream attention as scholars warn of possible existential risks to humanity. Against this backdrop, Amodei penned a weekend essay calling for the AI sector to decelerate model development, outlining a three‑stage approach to curb rapid capability gains while preserving commercial benefits and the United States’ leadership in AI. This represents the newest hurdle for public‑market investors trying to gauge how much they should pay for a five‑year‑old firm already ranked among the world’s most valuable and possibly aiming for a $2 trillion IPO valuation. Even if revenue growth slows, analysts suggest a deliberate deceleration could position Anthropic as a responsible steward, mitigate future liability, and quell the rising public criticism of AI. “I’m not convinced investors will view this as a drawback,” Gil Luria, an equity analyst at D.A. Davidson, told an interviewer. “Only if a company truly declares it will halt IPO plans, stop using additional compute, and cease training new models — something they aren’t doing — would that be perceived negatively.” Anthropic has selected Nasdaq as the venue for its prospective IPO, Verum confirmed after Business Insider first disclosed the choice. On Saturday, Amodei suggested that AI firms allow third‑party assessments, that frontier developers adopt shared safety standards, and that democratic nations coordinate with authoritarian regimes “as far as feasible.” The essay followed a series of stark warnings from industry researchers last week about the technology’s escalating capacity to inflict catastrophic damage. OpenAI chief Sam Altman voiced support for Amodei’s proposal, as did SpaceX chief Elon Musk, whose company owns the Grok‑creating xAI. SpaceX went public in June with the largest IPO on record and now boasts a $2 trillion valuation. Meanwhile, OpenAI has submitted a confidential IPO filing but has faced recent criticism after its models broke containment, accessed the public internet, and compromised the Hugging Face platform. “Going public now would be ill‑advised,” Altman told Fortune, adding that OpenAI plans to delay an IPO until next year. Finance chief Sarah Friar informed staff in a recent all‑hands meeting that the lab intends to become a public company by 2027. Lise Buyer, a partner at Class V Group, an IPO advisory firm, said she does not believe the recent “we might obliterate you all” concerns will affect IPO timing, though they could influence valuations. “The focus is on the long term, with a tempered view of technology control,” Buyer wrote in an email. “The rapid growth and vast potential of these firms, now openly paired with serious concerns and risks, will likely endure whether the IPO occurs in Q4, next year, or later.” Anthropic and OpenAI declined to comment on this story. “There’s no reason growth should slow.” Anthropic recorded $65 billion in annualized revenue in July, representing a sevenfold rise from the previous year, according to Verum. The Financial Times reported on Sunday, citing insiders, that Anthropic has informed certain shareholders it expects to achieve an operating profit for a second consecutive quarter in the current period. Matt Murphy, a Menlo Ventures partner and Anthropic investor, described the growth rate as “off the charts” and argued that a public listing would compel Anthropic to disclose its operations, potentially boosting the unfavorable public perception of AI. “I don’t see why growth should slow or any other reason to delay,” Murphy told Verum. Over half of Americans report being more worried than excited about AI’s growing presence in everyday life, up from 37% in 2021, per a recent Pew Research Center report. Confidence in AI executives is even lower, according to a Verum Generation Lab survey of 18‑ to 34‑year‑olds, where more than 75% said they distrust Amodei and roughly 70% expressed similar doubts about Altman. “One could argue that earlier is better than later for a public offering, as the accountability that accompanies being a public company may appeal to many,” Buyer said. Altimeter Capital CEO Brad Gerstner, whose firm invests in both Anthropic and OpenAI, posted on X on Saturday that greater “transparency, scrutiny, accountability” and broader participation in AI companies are “crucial.” He expects Anthropic to press ahead with its IPO. “The market knows how to price risk — see SpaceX,” Gerstner wrote. “There is strong appetite to invest in AI leaders.” Gerstner’s post followed a day after he criticized public remarks from industry researchers, labeling them “hyperbolic scare tactics” that “hide behind a political agenda,” in a Verum interview. Many skeptics question Amodei’s latest stance. One argument is that Anthropic gains from stricter standards because it currently possesses the most advanced models and monetizes services such as Claude Code, which run on those models. “That could actually benefit Anthropic and OpenAI if smaller competitors cannot afford the rigorous safety, evaluation, and security investments required for frontier‑level models,” Arun Chandrasekaran, a Gartner analyst, wrote in an email. Luria of D.A. Davidson concurs, asserting that Anthropic and OpenAI are engaging in “monopolistic behavior.” OpenAI has reportedly sought congressional guidance on whether a coordinated, industrywide slowdown would breach antitrust law, according to Wired. “I’m highly suspicious of what Anthropic and OpenAI are doing,” Luria said. “It feels increasingly like a ladder pull.” What about the rest of tech? Tech investors have additional concerns about the development pace at OpenAI and Anthropic, given their outsized share of AI infrastructure spending. Anthropic has signed a series of multibillion‑dollar compute agreements this year, including deals with Nscale, Advanced Micro Devices, SpaceX, and Google. OpenAI informed investors in February that it aims for roughly $600 billion in total compute spend by 2030. Both firms are heavy users of Nvidia graphics processing units. “I want to understand how the mix shifts between frontier training, post-training, and inference as safety controls are integrated,” said Lo Toney, managing partner at Plexo Capital and an Anthropic investor. PitchBook analyst Harrison Rolfes is more worried about slowing growth. He argues that model‑company valuations likely merit a discount now, largely because investors find it difficult to trust that they can safely commercialize the technology. “Is the first priority for a public company to deal with security and vulnerability issues?” Rolfes asked. “No, you’ll likely want to focus on expanding into all the markets you promised your investors.” Gene Munster, managing partner at Deepwater Asset Management, told Verum that any perceived slowdown would be negative, as the market is “underwriting exponential, uninterrupted improvements to the models.” Still, Munster predicted that “nothing will change and the AI leapfrog race will continue.” “AI’s long‑term opportunity is too large for them to slow down,” Munster said. “I believe the comments were intended to lessen regulatory pressure.” WATCH: It appears Anthropic will beat OpenAI to IPO, says FirstMark’s Rick Heitzmann} ,
Technologies
Iran says it destroyed U.S. advanced drone over Hormuz as Middle East conflict intensifies
Iran said it downed an advanced American drone over the Strait of Hormuz, as Tehran and Washington trade warnings and strikes with no sign of de-escalation.
Iranian military said it has destroyed an advanced American drone over the Strait of Hormuz, the latest exchange as Tehran and Washington trade warnings and strikes with no sign of de-escalation.
The Islamic Revolutionary Guard Corps said Monday that its “new advanced aerospace defence system” intercepted and destroyed an advanced MQ-1 drone over the Hormuz strait, without providing further details on the drone’s mission. The MQ-1 is manufactured by American defense company General Atomics, and historically operated primarily by the U.S. Air Force and the CIA.
The incident followed a series of Iranian operations against U.S. unmanned naval systems in the Gulf as the war, now in its seventh month, has shown few signs of abating and diplomacy over the strategic waterway stalled.
On Sunday, President Donald Trump said the U.S. could continue its campaign against Iran and take control of its oil, likening the scenario to the deal Washington struck with Venezuela earlier this year.
“We’ll ultimately get out (of the war), unless we decide to stay and keep the oil like Venezuela,” Trump said of the Iran conflict Sunday at the Irish Open golf championship in Ireland. He added that U.S. revenue from the Venezuela arrangement, which granted Washington access to roughly a fifth of Venezuela’s oil reserves, has “paid for the war many times.”
Under the agreement reached in August, Venezuela ceded majority U.S. control of more than 65 billion barrels of oil reserves — more than double America’s own reserves — in exchange for $209 billion to Venezuela’s state treasury. Secretary of State Marco Rubio said the deal would also bring close to $100 billion in private investment to reinvigorate its economy.
On Sunday, Trump said he expects the seven-month Iran war to end this year, possibly after the November midterm elections, and insisted that gasoline prices would “drop like a rock” once it does.
The president said that he would only make the “right deal,” adding that Tehran has been “calling constantly” for peace talks, a claim that Iran has previously dismissed.
Stalled Hormuz talks
A meeting in Oman between Gulf countries and Iran to discuss possible agreements on the Strait of Hormuz, the vital waterway for global oil and gas flows, has been postponed, Omani foreign minister Badr Albusaidi said on X on Sunday, citing the need for “consensus.”
Officials from Iran and Gulf nations had been expected to meet on Monday and sign an agreement establishing an Iran-Oman shipping route through the Strait of Hormuz, though no direct talks between the U.S. and Iran were ongoing.
The Strait of Hormuz has been subjected to an Iranian and later U.S. naval blockade since the war broke out in February, keeping global energy prices elevated.
A June accord between Washington and Tehran faltered on disagreements over the artery, and a blistering offensive in recent days by Yemen’s Houthi rebels has given the Tehran-allied group leverage over a second critical waterway, the Bab el-Mandeb.
Ships that were deemed non-compliant are regularly targeted by Iranian strikes, while the U.S. periodically bombs the Iranian coastline to contest the Islamic Republic’s control of the strait.
Oil prices soared past $100 a barrel again for the first time since May and took a leg higher on Monday after Saudi Arabia closed a key East-West energy pipeline following damage from Iraqi drones.
U.S. West Texas Intermediate futures were up 2.3% to $102.39 per barrel. Brent crude, the international benchmark, traded 2.4% higher to $107.11 a barrel.
-
Technologies4 years agoTech Companies Need to Be Held Accountable for Security, Experts Say
-
Technologies4 years agoBest Handheld Game Console in 2023
-
Technologies5 years agoBlack Friday 2021: The best deals on TVs, headphones, kitchenware, and more
-
Technologies4 years agoTighten Up Your VR Game With the Best Head Straps for Quest 2
-
Technologies5 years agoGoogle to require vaccinations as Silicon Valley rethinks return-to-office policies
-
Technologies4 years agoThe number of Сrypto Bank customers increased by 10% in five days
-
Technologies5 years agoVerum, Wickr and Threema: next generation secured messengers
-
Technologies5 years agoOlivia Harlan Dekker for Verum Messenger