July 2024 - Page 11 of 13

Investors Plough .1 Billion Into AI Startups Despite Economic Struggles

04

Jul

Technology

Investors Plough $27.1 Billion Into AI Startups Despite Economic Struggles

More news - Breaking news In May, CoreWeave, a provider of cloud computing services for AI companies, raised $1.1 billion, followed by $7.5 billion in debt, reaching a valuation of $19 billion. Scale AI, a data provider for AI companies, secured $1 billion, at a valuation of $13.8 billion. Additionally, xAI, founded by Elon Musk, raised $6 billion, reaching a valuation of $24 billion. According to Kyle Stanford, research analyst at PitchBook, these funding rounds have increased overall deal volume in the industry, both in terms of dollar amounts and number of deals. "It's not declining anymore," he said. "The…

New Haitian Leader Visits Washington Seeking More Support

03

Jul

By William Lee

New miscellaneous

New Haitian Leader Visits Washington Seeking More Support

Related media - Recent news Haiti's new prime minister, Garry Conille, met with top Democratic congressional leaders Tuesday to request more American assistance, after a U.S.-backed international police mission arrived to restore stability in a country besieged by criminal gangs. The Biden administration plans to allocate $100 million for the mission, with the United States as the lead donor. However, Mr. Conille told Democrats that more money is urgently needed to address basic infrastructure and services. “This is a critical point,” Mr. Conille said, stressing the need for continued investment after meeting with lawmakers and international financial institutions. Sheila Cherfilus-McCormick,…

Chet Hanks and the Rise of a Controversial Meme

03

Jul

By William Lee

Business

Chet Hanks and the Rise of a Controversial Meme

Related media - News 24 hours In the spring of 2021, Chet Hanks, son of Tom Hanks, sparked controversy by declaring that it would be a “white boy summer.” Initially ambiguous, the phrase has since been co-opted by white supremacist groups, according to a report by the Global Project Against Hate and Extremism. This year, the slogan has appeared in thousands of Telegram posts, used by far-right groups to recruit, organize protests, and incite violence, particularly against immigrants and LGBTQ individuals. The phrase now symbolizes an unabashed celebration of white heterosexual masculinity, often at the expense of women and people…

Remembering Ann Lurie: From Nurse to Renowned Philanthropist

03

Jul

By William Lee

Health

Remembering Ann Lurie: From Nurse to Renowned Philanthropist

More news - News 24 hours Ann Lurie, a former pediatric nurse turned prominent Chicago philanthropist, died Monday at her home. She was 79. Northwestern University, where Lurie was a trustee and major donor, announced her death without giving a cause. Raised in Miami by a single mother, Lurie was an only child and protested the Vietnam War during her college years. She initially planned to join the Peace Corps, but instead married Robert H. Lurie. Robert Lurie built a large real estate and investment business with Sam Zell, which included holdings such as The Chicago Tribune and the Chicago…

Palestinian Fighters in West Bank Draw Inspiration from Hamas in Gaza

03

Jul

By William Lee

Palestinian Fighters in West Bank Draw Inspiration from Hamas in Gaza

Related media - Latest news The narrow alleys of West Bank refugee camps are covered with black tarps to hide Palestinian fighters from Israeli drones. Green Hamas flags and “martyrs” banners adorn buildings damaged by Israeli raids and airstrikes aimed at curbing the growing militancy fueled by the Gaza conflict. This scene, however, does not take place in Gaza or a traditional Hamas stronghold, but in a refugee camp in Tulkarem, a city in the Israeli-occupied West Bank where the moderate Palestinian faction Fatah has long held sway. Recently, I met Muhammad Jaber, a local commander, in one of these…

US bases in Europe raise alert level due to Russian threats

02

Jul

By William Lee

New miscellaneous

US bases in Europe raise alert level due to Russian threats

More news - Recent news U.S. defense officials raised the security alert level at military bases in Europe over the weekend in response to vague threats from the Kremlin about Ukraine using long-range weapons on Russian soil, U.S. and Western officials said. Officials noted that no specific information has been gathered about potential Russian attacks on U.S. bases. However, any such attack by Russia, overt or covert, would mean a significant escalation of its war in Ukraine. Russia has stepped up its sabotage efforts in Europe, aiming to disrupt the flow of materials to Ukraine. So far, no U.S. bases…