Author: IQ TIMES MEDIA

As AI valuations soar into the hundreds of billions, a parallel market of temporary financial shells is proliferating to meet investor FOMO, and many investors are starting to sound the alarm bells that it portends a bubble in the AI gold rush.Special purpose vehicles, or SPVs, enable investors to pool their money into funding a one-off deal. These mechanisms, which have been around for decades, have been surging in popularity as retail investors scramble for scraps of shares in hot companies like OpenAI, Anthropic, Anduril, and Perplexity.Many are perfectly legitimate, but some have sky-high fees, opaque structures, and complicated layers…

MELBOURNE, Australia (AP) — A trainee surgeon was released from custody on bail Friday after he was charged with secretly video recording hundreds of medical colleagues in the restrooms of Australian hospitals.Ryan Cho, 28, will likely face around 500 charges relating to 4,500 intimate videos he secretly recorded with phones mainly in the staff restrooms of three Melbourne hospitals since 2021, police alleged in documents cited in the Victoria state Supreme Court.Justice James Elliott ruled that the junior doctor be released on condition he live with his parents, who moved from Singapore to Melbourne in anticipation of their son’s release.…

NEW DELHI (AP) — India’s Supreme Court ordered the release of all stray dogs that were removed from New Delhi streets after sterilization and immunization.The court’s ruling Friday modified its earlier judgment by ordering the dogs to be released to the same localities they were removed from. The order also calls for designated feeding spaces across the capital.Animal lovers and activists filed an appeal against the Aug. 11 ruling ordering permanent relocation to shelters.While many dogs roaming New Delhi’s streets are harmless, the court’s order aimed to control rising cases of biting, including incidents involving children. Some estimates based on…

OpenAI has announced plans to open its first office in India, just days after launching a ChatGPT plan tailored for Indian users, as it looks to tap into the country’s rapidly growing AI market. On Friday, the company said it would set up a local team in India and open a corporate office in the capital, New Delhi, in the coming months. The move builds on OpenAI’s recent hiring efforts in the region. In April 2024, the company appointed former Truecaller and Meta executive Pragya Mishra as its public policy and partnerships lead in India. OpenAI also brought on former…

MILWAUKEE (AP) — Milwaukee Brewers fans offer a supernatural explanation for their team’s surprising surge to the top of the major league standings.And they believe it can continue carrying them all the way through October as the Brewers seek to win their first World Series title.“It’s Uecker magic,” said Bonnie Bruhn, a 79-year-old Brewers fan from the Milwaukee suburb of West Allis, Wisconsin.As the Brewers prepare to spend this weekend honoring Hall of Fame broadcaster Bob Uecker, fans are hoping the team can pay tribute to him by making the deep playoff run that has eluded this franchise lately.Uecker, who…

BERLIN (AP) — In a secluded lot next to a former gasworks in suburban Berlin, Martin Rötzel is breathing new life into a tradition of centuries past: the monastery garden.Rötzel’s Monk Garden is home to between 150 and 200 types of herbs, leaves and trees including many that are unlikely to be found at any German supermarket. There are numerous varieties of mint, oregano and cilantro, hyssop and New Zealand spinach, four-leaf sorrel, yarrow and a local variety of tarragon.Rötzel has built Monk Garden as a business since 2022, delivering to high-end restaurants that want flavorsome local plants for their…

2025-08-22T04:29:59Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Elon Musk sought Mark Zuckerberg’s investment in OpenAI, the startup said in a filing. Musk’s $97.6 billion bid for OpenAI was rejected earlier this year. Meta is competing hard with OpenAI, poaching top talent and enhancing its large language model. Elon Musk wanted Mark Zuckerberg to join him in…

WELLINGTON, New Zealand (AP) — American-born Chinese skier and Olympic freestyle gold medalist Eileen Gu has suffered an injury while training in New Zealand, the latest in several setbacks for the 2022 Beijing Games champion.The 21-year-old Gu was training at the Cardrona Skifield on New Zealand’s South Island when the injury occurred on Aug. 15. Gu was flown the following day to the main South Island city of Christchurch for medical imaging.“Unfortunately, a very terrible accident occurred yesterday due to a man-made accident,” Gu posted on the Chinese social media site Weibo on which she has 6.7 million followers.“Early this…

A new legal challenge from Planned Parenthood seeks to preserve Medicaid payments for its health centers in South Carolina after a Supreme Court decision put the federal funding in jeopardy.On Thursday, Planned Parenthood South Atlantic filed an amended complaint in federal court challenging the constitutionality of executive orders from Republican Gov. Henry McMaster that block Medicaid reimbursements for organizations providing abortions, even though the funds are used to provide other medical care. The South Carolina clinics provide services such as contraception, cancer screenings, annual exams and testing for sexually transmitted diseases.“This case is about Planned Parenthood’s provision of essential health…

Multiple brands of raw and cooked frozen shrimp have been added to an ongoing recall of frozen shrimp due to possible radioactive contamination, according to the Food and Drug Administration.The frozen shrimp products are sold by Southwind Foods, LLC, of Carson, California, according to an FDA alert issued on Thursday.MORE: FDA warns public not to eat possibly radioactive shrimp sold at WalmartIn a company announcement released by the FDA, Southwind Foods said it is “voluntarily recalling a limited quantity of frozen shrimp” due to the possible contamination with Cesium-137, a radioactive isotope.The bagged, frozen raw and cooked shrimp from the…