dollars Archives - Page 10 of 10

the challenge of finding 500 billion dollars for the largest AI project

January 23, 2025 by usatoday24

He Project Stargate announcement This week was surprising for many things, but above all it was surprising for one: the 500,000 million dollars that will theoretically be invested in the next four years to achieve its objectives. The figure, absolutely colossalhas generated many suspicions. And rightly so. 100,000 million to start. Of that total figure, the announcement made it clear that the companies that provided the capital would invest “100 billion dollars immediately,” but even that does not seem easily achievable. SoftBank and OpenAI, those who will invest the most. In The Information reveal that SoftBank and OpenAI will contribute $19 billion each for the Stargate project. Bloomberg duck that both will also be the ones that will have the most participation in the final company: each will have a 40% participation. Musk attacks, Altman defends himself. The announcement of the project provoked a quick reaction from Elon Musk, who stated in X that “Actually they (the companies involved) do not have the money). He later added that “SoftBank has less than $10 billion guaranteed. I have good sources.” Sam Altman responded to those allegations hours later indicating that the data that Musk provided was “Incorrect, as you probably know.” Musk and xAI compete with OpeenAI and maintain a long rivalry, but here Altman surprised further telling Musk that “I truly respect what you have accomplished and believe you are the most inspiring entrepreneur of our era.” SoftBank under review. Analyst MG Siegler indicates in your newsletter that SoftBank has about $30 billion in cash. It seems to have room for that initial investment, but there are other data that work against it. As indicated user David Manheim on X, SoftBank’s investment fund has had notable failures in the past. On Wikipedia you can see how SoftBank Vision Fund lost $27.4 billion in 2022 due to several failed investments led by Masayoshi Son, the CEO of SoftBank. Among them is the investment of 100 million dollars in FTX, which then collapsed. OpenAI burning money. There are also questions about OpenAI’s ability to invest that amount. It is true that it has raised significant sums in the latest investment rounds, but the company is a money burning machine. Arab money and debt as exits. As the aforementioned Siegler article reveals, an important part of that investment may come from the United Arab Emirates through MGX, the investment fund. Another option is to resort to debt, which has already been very common in SoftBank’s investments (they have 150,000 million invested with that formula). Meanwhile, OpenAI looks for other girlfriends (Oracle). The project is also revealing other parallel movements. In The Wall Street Journal They highlight how OpenAI is beginning to look for options for its alliance with Microsoft, something that both have admitted. At OpenAI they complain that Microsoft does not give them the computing power they need, and they seem to be testing alternatives like Google. Perhaps Oracle is also among the candidates, especially now that it will be one of the participants (along with NVIDIA) in the creation of the large data center in Texas. It seems clear that OpenAI wants to not depend so much on Microsoft (or anyone) and Stargate may be a vehicle to achieve this. Image | TechCrunch In Xataka | The money invested in Stargate has a basic problem: there is no clear or agreed plan to reach the AGI

Powerball: live winning numbers from the draw today, Wednesday, January 22, 2025, with a prize of $31 million dollars

January 23, 2025 by usatoday24

During this Wednesday there was a new edition of the draw powerball on January 22, 2025, with a total prize pool of $31 million. This is the result of the last draw: know the winning Powerball results: Winning numbers: 5 6 27 40 49 5 2x How can you participate in the Powerball drawing? you have to choose five numbers from 1 to 69 for the white balls. After, a number from 1 to 26 for the red Powerball. If all six numbers are on your ticket after the draw, you will win the jackpot. How to get your cash prize? Each prize must be claimed in the state where the winning ticket was purchased. Players in general can claim a prize of up to $600 dollars in any establishment authorized to sell lottery in the geographic location where the ticket was purchased. Prizes over $600 can be requested at the main lottery headquarters in each case. There are also some authorized establishments, the address of which must be consulted in advance as appropriate. You will have 90 days at your disposal to request collection of your prize up to one year, depending on the laws of the jurisdiction in which the ticket was sold.. To find out the expiration date, check the back of the ticket. If the expiration date is not listed, you should check with your state lottery. If you win the Powerball jackpot, you can acquire the prize in two possible ways: as an annuity – in 30 payments over 29 years – or as a single lump sum cash payment. For the annuity, each payment increases by 5% each year. The cash option is the amount of money that is required to be in the jackpot fund on the day of the drawing to fund it. When is the Powerball drawn? Powerball drawings are held three days a week, specifically, Monday, Wednesday and Saturday at 10:59pm ET. Prize: $31 million dollars Next game: Powerball will hold its next drawing on Saturday, January 25 Results of other lottery draws:

Netflix and AI enthusiasm bring Wall Street to the verge of an all-time high

January 23, 2025 by usatoday24

NEW YORK — Netflix, Oracle and other big tech companies boosted the New York Stock Exchange on Wednesday, as profits at those companies rose and enthusiasm grew about the revenue prospects that artificial intelligence can generate. The S&P 500 rose 37.13 points, or 0.6%, to 6,086.37, approaching its all-time high set last month. The Dow Jones Industrial Average added 130.92 points, or 0.3%, to 44,156.73, and the Nasdaq Composite rose 252.56, or 1.3%, to 20,009.34. The gains came even as most U.S. stocks fell under the weight of another rise in Treasury yields. For example, smaller company stocks in the Russell 2000 index lost 0.6%, and about two out of every three stocks in the S&P 500 sank. However, the gains from large influential stocks were more than enough to make up for it. Netflix helped lead the rise after it announced that live events such as American football games and a fight between Mike Tyson and Jake Paul helped it add nearly 19 million subscribers during the latest quarter. It also reported higher profits than analysts expected, and indicated that it is increasing subscription prices in the United States and other countries. Netflix titles rose 9.7%. The Netflix logo on a remote control. (Jenny Kane/Associated Press) On the other hand, Travelers advanced 3.2% after also beating analyst expectations for its earnings in the last quarter. The insurer said gains on its investments and growth in net written premiums helped it overcome losses created by Hurricane Milton, which hit the Florida coast in the Gulf of Mexico in October, and other catastrophes. Some of the market’s strongest boosts came from companies related to artificial intelligence. Oracle rose 6.8% after advancing 7.2% the previous day, ahead of the planned announcement — which ultimately came late on Tuesday — about Stargate, a joint venture that the White House says will begin building data centers. and the generation of electricity necessary for the further development of artificial intelligence in Texas. The partnership formed by Oracle, OpenAI and SoftBank will invest up to $500 billion. Shares of SoftBank Group Corp. in Tokyo rose 10.6%. Other AI-related stocks also gained ground, continuing their already fantastic run. Nvidia, the company whose chips are driving much of the movement toward AI, rose 4.4%. Its shares are above $147 after just two years ago they were below $18. The yield on the 10-year Treasury bond rose from 4.57% to 4.60%. It had been largely retreating since an encouraging update on inflation last week, but is still well above its position in September, when it was below 3.65%. In the cryptocurrency market, where prices have risen on hopes that President Donald Trump will make Washington more cryptocurrency-friendly, bitcoin was just above $104,000. On Monday it was above $109,000, a record.

Man City signs Brazilian defender Vitor Reis for $36 million

January 23, 2025 by usatoday24

MANCHESTER, England — Manchester City signed a second defender in two days by confirming on Tuesday the acquisition of Vitor Reis, a 19-year-old Brazilian. Reis arrives from Palmeiras after a payment of 35 million euros (36 million dollars). Abdukodir Khusanov, Uzbek defender for Lens in France, signed with City on Monday for four and a half years. The length of Reis’s contract was not provided. “When there was a knock on the door and it was Manchester City, I knew there was nowhere else to go,” Reis was quoted as saying by the club. “I think it will be the biggest challenge of my life, but any player who wants to play elite football has to come here.” “Everyone has seen the incredible achievements of the last few seasons. “I want to leave my mark as we look for more titles,” he added. The champions of the last four Premier League seasons have been very active in the January transfer market after an alarming poor run of form before Christmas. City is fifth in the standings, 12 points behind leader Liverpool. Those led by Pep Guardiola are also suffering to qualify for the round of 16 of the Champions League. Another player in their sights is Omar Marmoush, Egyptian striker for Eintracht Frankfurt. According to press reports, the operation could cost 75 million euros (77 million dollars). Reis played in the 2023 U17 World Cup with Brazil and played 22 games in the Palmeiras first team. “Vitor Reis is one of the most promising young defenders in the world and we are delighted to have been able to bring him here,” said City director of football Txiki Begiristain. “He is excellent with the ball and outstanding in the air. “He has all the necessary qualities to be one of the best.” The signings of Reis and Khusanov, also a centre-back, come after injuries to several City defenders, including Ruben Dias, John Stones and Nathan Ake. The most important injury has been the one suffered by Spanish midfielder Rodri Hernández. The Ballon d’Or winner will miss the rest of the season after damaging the anterior cruciate ligament and meniscus in his right knee. Guardiola recently admitted that his squad was not deep enough to cope with the schedule. Traditionally, City have preferred to close big signings for the summer months, but Guardiola has chosen to bring in reinforcements now. City will face Paris Saint-Germain in the Champions League on Wednesday, with both teams in danger of being eliminated.

Dodgers announce deal for Japanese pitcher Roki Sasaki. Receives signing bonus of 6.5 million

January 23, 2025 by usatoday24

LOS ANGELES — The Dodgers announced on Wednesday their agreement with sought-after Japanese pitcher Roki Sasaki by agreeing to a minor league contract with a signing bonus of $6.5 million. A 23-year-old right-hander with a fastball that tops 100 mph, Sasaki announced his intention to sign with the Dodgers on Friday and was introduced at a news conference Wednesday at Dodger Stadium. He joins Japanese stars Shohei Ohtani and Yoshinobu Yamamoto on the Dodgers after making a decision that had generated much expectation. Sasaki had until Thursday to finalize a contract. He was considered an international amateur under Major League Baseball rules because he is under 25 years old and does not have six years of service in Japan, which restricted him to the pool of international signings. The Dodgers started with an allocation of $5,146,200, but increased it to $8,102,800 with a pair of trades last week, acquiring $1.5 million from Cincinnati and $1,456,600 from Philadelphia. Los Angeles is contemplating using a six-starting rotation, which could ease Sasaki’s transition to the majors. The Dodgers are trying to become the first team to repeat as champion since the New York Yankees from 1998 to 2000. Sasaki was made available to major league teams for a 45-day period by the Chiba Lotte Marines of the Pacific League under the bidding agreement between Japan Professional Baseball and the majors. Because he is under 25 years old and does not have six years of Japanese league service time, Sasaki is considered an international amateur by MLB and is limited to a minor league contract subject to signing funds. The Marines will receive $1,625,000, 25% of Sasaki’s signing bonus amount. During a news conference at the winter meetings last month, Sasaki’s agent, Joel Wolfe, denied that a deal was already in place with the Dodgers. Wolfe said MLB had investigated. Sasaki went 10-5 with a 2.35 ERA in 18 games last year, striking out 129 batters in 111 innings during a season limited by shoulder inflammation. He went 7-4 with a 1.78 ERA in 15 starts in 2023, when he suffered an oblique injury. Over his career, he is 29-15 with a 2.10 ERA over four seasons with the Marines and pitched a perfect game against Orix in April 2022. Among international amateur free agents, Los Angeles also agreed to deals with Venezuelan infielders Luis Tovar ($397,500) and Moisés Acacio ($197,500), Panamanian left-handed pitcher Adrián Torres ($362,500) and Colombian shortstop Luis Luna ($137,500). .

Heat suspends Butler again, this time 2 games for missing flight and ‘insubordination’

January 23, 2025 by usatoday24

The Miami Heat suspended Jimmy Butler for the second time in three weeks, raising the possibility that he may have played his last game with the franchise. Butler received the latest suspension — a two-game suspension — for what the Heat considered a “continuing pattern of disregard for team rules, insubordination and behavior detrimental to the club.” Among the offenses mentioned by the club in the statement it issued Wednesday night was the fact that Butler missed his flight to Milwaukee earlier in the day. The Heat were scheduled to play the Bucks on Thursday and at Brooklyn on Saturday. The soonest Butler could play again for the Heat would be Monday, at home against Orlando. And that would depend on him still being on the roster, which doesn’t seem certain. Butler told the Heat in recent weeks that he wants a trade, a demand he has not made public because league rules do not allow players to do so. Any basketball player who makes such a demand public risks a fine of up to $150,000. But the Heat revealed that request by suspending him in early January for what they considered conduct detrimental to the team, and stressed at the time that they would work to satisfy his trade request. The NBA transfer deadline is February 6. Butler was suspended for seven games earlier this month, costing him about $2.4 million in salary. Butler returned last week and had played in each of Miami’s last three games, averaging 13 points in 29.3 minutes. The Heat left for Milwaukee around 2:15 pm on Wednesday (2015 GMT). That departure time is earlier than Miami usually leaves for most of its trips, and it’s unclear if that was a factor in Butler’s delay. The dates of the matches scheduled on this Heat trip coincide with a paddle tennis tournament in Miami, which mentions Butler as honorary president and co-captain. Butler’s coffee company, Big Face, is also involved with the event. But it was not known if Butler planned to be present at that contest in Miami and if that had anything to do with him missing the flight to Milwaukee. ___ This story was translated from English by an AP editor with the help of a generative artificial intelligence tool.

Sneakers in which Kobe Bryant tore his Achilles tendon will be auctioned for $600,000 dollars

January 23, 2025 by usatoday24

Kobe Bryant gave memorable moments in the NBA. Now, the shoes with which he played a game in 2013 and tore his Achilles tendon will be auctioned by $600,000 dollars. The initial price exceeds half a million dollars, although it is expected to collect much more. The collection is in charge of the prestigious house Sotheby’s. This is the brand model Nike Kobe 8 Elites. Size number 13 sneakers were worn by Bryant during the match Los Angeles Lakers and Golden State Warriors on April 12, 2013. The auction will begin on February 7. That day, the star tore his Achilles tendon in the fourth quarter. Despite this, he went down in history because he continued playing and managed to make two free throws before leaving, already injured. kobe tied the shares at 109 points, with three minutes left on the clock. According to Brahm Wachter, responsible for Modern Collectibles at Sotheby’sis an iconic moment that exemplified the mentality of Bryant. “There is no moment in the career of kobe more emblematic of the ‘Mamba Mentality’ than the ‘Achilles Game’, a testament to his unwavering commitment to excellence and his competitive spirit,” he said. “While he was naturally talented, it was his tireless work ethic. Bryant which really set him apart from his peers. “These game-worn shoes reflect the admirable strength that made him one of the greatest in basketball history,” he added. The sneakers have the colors of Los Angeles Lakers with purple, black and white tones. Precisely on the heel they have the player’s signature in yellow, the same color as the brand logo Nike. Since his tragic death in a helicopter crash in January 2020, several items from his career have been auctioned. Bryant. In 2024, Sotheby’s He also sold three pairs of sneakers that kobe used in other games. One of them sold for $946,800. Other items auctioned include an autographed jersey by kobewhich sold for $795,000. Keep reading:· Kobe Bryant’s locker with the Lakers will be auctioned for more than $1 million dollars· Barcelona and Nike will launch a collection in honor of Kobe Bryant· They will launch a comic dedicated to telling the life of Kobe Bryant

Mega Millions: live winning numbers from the drawing today, Tuesday, January 21, 2025, with a prize of $20 million dollars

January 22, 2025 by usatoday24

During this Tuesday there was a new edition of the draw Mega Millions on January 21, 2025, with a total cash value of $20 million. This is the result of the last draw: know the winning Mega Millions numbers: Winning numbers: 27 30 56 64 65 22 4x How to participate in a Mega Millions drawing? In Mega Millions you have to choose up to six numbers at random: specifically, five from 1 to 70 for the white balls and one number from 1 to 25 for the gold Mega Ball. If you are lucky enough to match all six numbers you win the jackpot of the day. How to get your cash prize? If you hit the jackpot, you will have to contact the main lottery headquarters in the state where you purchased the ticket. Once there they will give you an appointment to begin the necessary procedures to collect your prize. The Mega Millions jackpot can be claimed in two ways: -Annuity: an immediate payment is made followed by another 29 annual payments. Each payment is 5% higher than the previous one to counteract inflation. -Cash: a single lump sum of cash is received that corresponds to the fund available for the jackpot. You will be able to claim your prize between 90 days and one year from the date of the drawing, although it depends on the provisions of your state. If your prize is less than $600 dollars, you can collect it at any authorized establishment in each state. Prizes greater than that figure, must be requested at the local district office or state lottery headquarters as appropriate. When is Mega Millions drawn? The Mega Millions drawings are held two days a week, specifically, the Tuesday and Friday at 11:00 pm ET. Prize: $20 million dollars Next game: Mega Millions will have its next game on Friday, January 24 Results of other lottery draws:

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