Ed Elson is joined by Matt Smith to break down how the latest developments in the war with Iran are affecting oil prices and where he thinks gas prices could be headed next. Then, Charlie O'Neill joins the show to discuss China's new AI model, Kimi K3, why open-source models are gaining momentum, and what that shift could mean for the broader AI race.Matt Smith is the Director of Commodity Research at Kpler. Charlie O’Neill is the Co-Head of Model Training at Baseten. Subscribe to the Prof G Markets Youtube Channel Check out our latest Prof G Markets newsletterFollow Prof G Markets on InstagramFollow Ed on Instagram, X and SubstackFollow Scott on InstagramSend us your questions or comments by emailing [email protected]Learn more about your ad choices. Visit podcastchoices.com/adchoices