The US-Israeli strikes on Iran and ensuing conflagration offer a window into how the US-led order works. For all its contributions, it functions like an air conditioner – cooling the American centre by pumping hot air into the periphery. Aggressive interest rate hikes export inflation to emerging markets. Proxy wars outsource geopolitical risk to distant theatres. The United States stays cool whil...
The US-Israeli strikes on Iran and ensuing conflagration offer a window into how the US-led order works. For all its contributions, it functions like an air conditioner – cooling the American centre by pumping hot air into the periphery. Aggressive interest rate hikes export inflation to emerging markets. Proxy wars outsource geopolitical risk to distant theatres. The United States stays cool while the Global South absorbs the brunt of the heat. But the vents are closing: developing nations are...
Captain deserves good farewell, says assistant manager Silva has interest from Barcelona as contract ends in June Pep Lijnders has revealed that Bernardo Silva will leave Manchester City in the summer, with the assistant manager hoping the captain is given a fitting farewell. The 31-year-old Silva, whose contract expires in June, has been in impressive form this season but Lijnders stated it will ...
Captain deserves good farewell, says assistant manager Silva has interest from Barcelona as contract ends in June Pep Lijnders has revealed that Bernardo Silva will leave Manchester City in the summer, with the assistant manager hoping the captain is given a fitting farewell. The 31-year-old Silva, whose contract expires in June, has been in impressive form this season but Lijnders stated it will be his last for City. Continue reading...
There were 11 minutes of stoppage time at the end of the second half of West Ham's FA Cup quarter-final against Leeds - but was that an excessive or an explainable amount of added time?
There were 11 minutes of stoppage time at the end of the second half of West Ham's FA Cup quarter-final against Leeds - but was that an excessive or an explainable amount of added time?
The Writers Guild of America went on strike for months in 2023 in a dispute with Hollywood studios. This year the union announced a new four-year contract after just a few weeks of negotiations. (Image credit: Valerie Macon)
The Writers Guild of America went on strike for months in 2023 in a dispute with Hollywood studios. This year the union announced a new four-year contract after just a few weeks of negotiations. (Image credit: Valerie Macon)
PDerrett/E+ via Getty Images America’s housing stock is getting older, and homeowners are paying the price. The median U.S. home is now 44 years old, leaving many properties in need of major repairs and upgrades that are becoming increasingly expensive, The Wall Street Journal reported Saturday. New construction hasn’t kept pace with aging homes, creating a growing backlog of maintenance needs. Co...
PDerrett/E+ via Getty Images America’s housing stock is getting older, and homeowners are paying the price. The median U.S. home is now 44 years old, leaving many properties in need of major repairs and upgrades that are becoming increasingly expensive, The Wall Street Journal reported Saturday. New construction hasn’t kept pace with aging homes, creating a growing backlog of maintenance needs. Costs are rising sharply. Structural repairs, plumbing and other essential fixes have all increased well beyond general inflation in recent years, driven by higher labor costs, pricier materials and the scale of work required. Financial advisers say the traditional rule of setting aside 1% of a home’s value annually is no longer sufficient. Many now recommend budgeting closer to 2% to 3%, especially for older properties that require ongoing upgrades and unexpected repairs. Older homes bring unpredictable expenses For homeowners, the challenge is not just the frequency of repairs but their unpredictability. Projects often uncover hidden issues that push costs higher than expected. One Long Island couple living in an 88-year-old home expects to spend about $25,000 this year on upkeep alone, including electrical work and repainting, with additional costs for landscaping, the Journal reported. In past years, their maintenance spending has swung widely, at times reaching six figures depending on the scope of repairs. Even relatively straightforward renovations can escalate quickly when aging structures reveal complications behind walls or beneath floors. Rising costs extend beyond repairs Maintenance is only part of the burden. Higher insurance premiums, property taxes and association fees are making homeownership more expensive overall. Deferred maintenance can also create serious risks. Insurers may raise rates or cancel coverage for properties with unresolved issues, and lenders can restrict financing for homes or buildings that lack adequate upkeep. Nearly half of home-improve...
Nebius Group (NASDAQ: NBIS) and CoreWeave (NASDAQ: CRWV) are operating in the same space. They both provide graphics processing unit (GPU)-accelerated cloud infrastructure that their customers can use to design, train, and run artificial intelligence (AI)-powered programs. CoreWeave is the bigger of the two, with a market capitalization of $40.7 billion versus Nebius Group's $25.2 billion valuatio...
Nebius Group (NASDAQ: NBIS) and CoreWeave (NASDAQ: CRWV) are operating in the same space. They both provide graphics processing unit (GPU)-accelerated cloud infrastructure that their customers can use to design, train, and run artificial intelligence (AI)-powered programs. CoreWeave is the bigger of the two, with a market capitalization of $40.7 billion versus Nebius Group's $25.2 billion valuation. But Nebius has the advantage of growing faster. Nebius stock is up nearly 400% in the last 12 months, soundly beating CoreWeave's gain of 109% in the same period. In addition, Nebius is fresh off a five-year AI infrastructure deal with Meta Platforms worth up to $27 billion. The Meta deal calls on Nebius to provide $12 billion of dedicated capacity, with Meta buying another $15 billion of additional capacity if it isn't sold elsewhere -- a deal that significantly increased Nebius' backlog and provides it with resources to continue its expansion. Continue reading
AI developers OpenAI ( OPENAI ) and Anthropic ( ANTHRO ) are both reportedly gearing up for potentially massive IPOs later this year. Microsoft ( MSFT ) still holds a major stake in OpenAI, while Anthropic counts Amazon ( AMZN ) and Alphabet ( GOOG ) ( GOOGL ) as key backers. We asked Seeking Alpha analysts Chris DeMuth Jr. , Jonathan Weber , and Julia Ostian which company they thought would be th...
AI developers OpenAI ( OPENAI ) and Anthropic ( ANTHRO ) are both reportedly gearing up for potentially massive IPOs later this year. Microsoft ( MSFT ) still holds a major stake in OpenAI, while Anthropic counts Amazon ( AMZN ) and Alphabet ( GOOG ) ( GOOGL ) as key backers. We asked Seeking Alpha analysts Chris DeMuth Jr. , Jonathan Weber , and Julia Ostian which company they thought would be the better investment. Chris DeMuth Jr. : I own and like them both, but if I had to choose one, Anthropic’s ( ANTHRO ) valuation looks somewhat more sensible. At this point, they’re both fairly in favor. VCX was a good pre-public opportunity for exposure; I was involved since day one. But now that it IPOed, it has gotten pretty pricey. Jonathan Weber : While OpenAI ( OPENAI ) is larger and has more users, I see Anthropic ( ANTHRO ) as more attractive right now. Its valuation is lower, its coding focus offers a USP, and projections by management and analysts suggest that there is a good chance that Anthropic will become profitable before OpenAI, although this isn't guaranteed, of course. Anthropic also has the backing of huge players like Alphabet ( GOOG )( GOOGL ) and Amazon ( AMZN ), which should ease capital concerns. Julia Ostian : As someone who is totally bullish on AI in general (and on companies using AI to build capacity and power their operations), I don’t view OpenAI ( OPENAI ), Anthropic ( ANTHRO ), or any of the major LLM firms as great investments right now, especially ahead of their IPOs. There are a few reasons for this, but the most important is valuation. Following OpenAI's latest funding round, which brought in $122B in committed capital, its valuation has soared to over $850B. This makes the company incredibly expensive. Even if we assume $24B in annualized revenue (which remains to be seen), we are looking at a price-to-sales ratio of over 35x. While that is lower than some analysts predicted, it is still an insane level for a deeply unprofitable company t...