Author: IQ TIMES MEDIA

LAKE OZARK, Mo. (AP) — An Associated Press investigation finds that private, for-profit residential treatment centers that care for adopted kids at exceptionally high rates are often funded by taxpayer dollars, but are subject to little oversight and few consequences after allegations of abuse and neglect.The investigation looks deeply at a facility in rural Missouri called Calo Programs, or Change Academy at Lake of the Ozarks, which costs as much as $20,000 a month and attracts families from all over the country, who send their children across state lines to the facility.Calo promises relief for desperate parents whose adopted kids…

SAN FRANCISCO (AP) — Across the country, many for-profit residential facilities in the so-called troubled teen industry that claim to treat severe mental and behavioral health issues in children and teens are deftly tapping into taxpayer money meant for students with disabilities.Even in the face of increasing scrutiny over the safety of such private institutions, this money continues to flow given the fractured bureaucracy of the special education system, an Associated Press investigation finds.The playbook to profits includes operating on stand-alone contracts with individual school districts and drawing out-of-state kids — both of which effectively dilute any regulatory oversight. Residential…

LAKE OZARK, Mo. (AP) — A facility deep in rural Missouri promises relief for desperate parents whose adopted kids are struggling — a lakeside, summer camp-like academy where kids can heal by bonding with golden retrievers, and where caring employees “create joy.”The company that operates the place known as Calo Programs says it exists “to serve the hardest-to-treat cases — the students and families the broader system has given up on.”But an Associated Press investigation paints a more complicated and less idyllic picture.Law enforcement is often called to Calo to investigate assaults or track down runaways. State agencies that pay…

Dan Loeb, the founder of New York-based hedge fund Third Point, says he underestimated how quickly AI would disrupt some businesses.Speaking on Thursday’s episode of the “Invest Like The Best” podcast, Loeb said while Third Point had made successful bets against some companies affected by AI, the firm also misjudged AI’s ability to upend parts of the market it had expected to be more resilient.”But where we’ve made the mistake is that, we’re controversial, but we thought we knew better that AI wasn’t really going to, you know, affect this part of the infoservices business or these guys had proprietary…

A Blue Origin rocket exploded on the launchpad during testing on Thursday night.A video posted on X by Spaceflight Now, an online media outlet, captured the moment the New Glenn rocket erupted into a massive fireball, sending flames and thick smoke billowing into the air.The explosion occurred around 9 p.m. ET during a test at Space Launch Complex 36 at Cape Canaveral Space Force Station.In a statement uploaded to Facebook, launch site officials said emergency responders were on the scene and that there were no injuries or fatalities.Blue Origin, owned by Amazon’s Jeff Bezos, also addressed the incident in a…

Glean, a company often described as the Google for enterprise, said it has reached $300 million in annual recurring revenue (ARR), a three-fold increase from the $100 million milestone it reached just 15 months ago. While many AI startups are growing at a blistering pace, Glean’s progress is particularly remarkable. After years of essentially being the only player in the category, the seven-year-old startup is accelerating its growth as tech giants enter the enterprise AI search market with rival products. “The first four or five years of our existence, we had no competition,” Glean CEO Arvind Jain told TechCrunch. “Given…

DES MOINES, Iowa (AP) — The former superintendent of Iowa’s largest school district who was arrested last year in the Trump administration’s immigration crackdown is set to learn Friday how long he will be in prison for falsely claiming to be a U.S. citizen and illegally possessing firearms. Ian Roberts, a native of Guyana in South America, would serve his sentence before he is likely deported. He pleaded guilty in January to both counts, which together carry a maximum sentence of 20 years in prison. His lawyers are proposing that he be put on probation “to facilitate his removal from…

The listing for a newly restored three-bedroom home in San Francisco’s Duboce Triangle neatly captures the city’s AI-fueled real estate frenzy in one line: “Anthropic or OpenAI stock will be considered as payments.”It has been less than 24 hours since the offer went live, and the listing agent, Rachel Swann, told Business Insider she has been flooded with interest.”My phone has been blowing up,” Swann said. “It seems to be something that’s very exciting for people.”San Francisco real estate and stock in the hottest AI companies have one thing in common: high demand and low supply, which naturally drives up…

Dell just dropped its biggest earnings report since its return to public markets in 2018, and the stock is rocketing higher.The company saw shares spike 30% after hours on Thursday after it crushed Wall Street’s first-quarter earnings estimates. The stock closed Thursday’s session at $317.05, up nearly 4%.The company, famed for its 2000s-era “Dude, you’re getting a Dell” advertisements, reported revenue of $43.84 billion versus expectations for $35.43 billion. Earnings per share were $4.86 compared to estimates for $2.94. Dell was taken private in 2013 and re-listed as a public company at the end of 2018.It’s another example of an…

A mass outpouring of data center opponents has prompted the California city of Coachella to consider a moratorium on development of the facilities there.It’s the latest example of community backlash tempering local authorities’ acceptance of data centers — which are being built across the country to accommodate the rise of AI.After hundreds of people showed up to protest at the Coachella City Council meeting on Wednesday evening, all four council members signaled support for a temporary halt to Stronghold Power Systems’ proposal so the city can study the issue further.They also voted 4-0 to hire outside legal counsel to review…