The scorching heat wave in Texas has brought little relief to residents. Over the course of two consecutive weeks, Del Rio has experienced daily temperatures exceeding 100 degrees Fahrenheit, with the mercury soaring as high as 115 F. Adding to the alarm, nighttime temperatures have also reached record highs, failing to provide any respite. National
Inflection AI, a startup in the artificial intelligence (AI) sector, has announced that it raised $1.3 billion in funding. The investment comes from a variety of sources, including Microsoft and Nvidia, and values the company at $4 billion. Inflection AI, founded by Mustafa Suleyman and Reid Hoffman, focuses on developing consumer-facing AI products and is
A groundbreaking development in the field of medicine has occurred as the first drug fully generated by artificial intelligence (AI) enters clinical trials with human patients. Insilico Medicine, a biotech startup based in Hong Kong that has received over $400 million in funding, has created the drug, INS018_055, as a potential treatment for idiopathic pulmonary
The inventory of homes available for purchase in the resale market has been dwindling, and the situation is only set to worsen. According to Realtor.com, the number of homes for sale this month was actually 7% higher than in June of the previous year. However, this positive trend quickly reversed, as the number of homes
Last week, mortgage rates saw another increase. However, this rise did not discourage potential buyers, particularly those in search of newly constructed homes. According to the Mortgage Bankers Association’s seasonally adjusted index, total mortgage application volume experienced a 3% surge compared to the previous week. It is important to note that an additional adjustment was
The UK government and Ofwat, the industry regulator, have initiated talks regarding the potential temporary public ownership of Thames Water, the country’s largest water company. These discussions come as concerns grow in Whitehall about the firm’s ability to manage its £14bn debt. While the government spokesperson stated that the debt is a matter for the
Google’s cloud computing division is actively engaging in productive early conversations with regulators in the European Union (EU) regarding the bloc’s pioneering artificial intelligence (AI) regulations. Thomas Kurian, the head of Google’s cloud computing division, revealed in an exclusive interview with CNBC that the company is collaborating with regulators to develop safe and responsible strategies
The Chief Economist of the European Central Bank (ECB), Philip Lane, has cautioned markets against anticipating interest rate cuts in the next two years. Despite the ECB’s recent 25 basis point increase in its main rate to 3.5%, Lane emphasized the need for restrictive policies to combat record-high inflation in the euro zone. In May,
After an arduous search spanning three decades, mathematicians have made a groundbreaking discovery with the aid of a supercomputer – they have finally identified a new Dedekind number. This remarkable finding marks the emergence of only the ninth Dedekind number, known as D(9), which can be expressed as 286 386 577 668 298 411 128
The potential temporary public ownership of Thames Water has brought the privatisation of the water industry back into the spotlight. This move comes after the company’s CEO resigned abruptly, and Sky News reported on government contingency plans for the company’s potential collapse. Over the years, the water sector has faced numerous controversies and scandals, leading