News
North Korea banned from the next Olympics
The ‘Hermit Kingdom’ has been banned from the 2022 Winter Olympics because it skipped the Tokyo games this year
The International Olympics Committee (IOC) announced the suspension of the North Korean Olympic Committee until the end of 2022. The Beijing Winter Olympics will run from the 4th-20th of February, 2022.
IOC president Thomas Bach announced the suspension on Wednesday.
“They were in violation of the Olympic Charter, and did not fulfil their obligation as stated in the Olympic Charter to participate in the games of the Olympiad by sending athletes.” Bach said.
North Korea announced in April that it would skip the games over coronavirus concerns.
Bach said that any athlete who qualifies for the games may be able to compete under a neutral flag, in the same way Russian athletes have competed since the countries doping ban.
“Athletes should not suffer from wrong decisions of their agencies or their officials,” Bach said.
“So there we have kept this door open.”
The International Olympic Committee said that North Korea will forfeit an undisclosed amount of money in financial support.
The decision could influence countries considering boycotting the China based Olympics over concerns of human rights.
When asked about this in response to the IOC helping Afhgan athletes receive visas, Bach downplayed the IOC’s ability to influence the actions of the Chinese government.
“There are limitations in our influence,” the IOC president said.
“It’s to take care of humanitarian issues within the Olympic community. This is what we are doing.”
North Korea had 20 athletes compete at the 2018 winter Olympics in South Korea, winning no medals. They previously sent no competitors to the Sochi Winter Olympics in 2014.
-By Parker McKenzie
News
SpaceX IPO could make Elon Musk’s Mars dream a trillion-dollar reality
SpaceX’s upcoming IPO could raise $25 billion and value the company over $1 trillion, igniting investor excitement for Mars missions.
SpaceX’s upcoming IPO could raise $25 billion and value the company over $1 trillion, igniting investor excitement for Mars missions.
Investors are buzzing as SpaceX gears up for a potential IPO, aiming to raise more than $25 billion, possibly as soon as June. The offering could value the company at over $1 trillion, fueling Musk’s ambitious plans for Mars and beyond.
Despite the high-risk nature of space ventures, demand from retail investors is expected to be strong. Experts predict this IPO could become historic, with the company’s market value potentially soaring past $2 trillion once it launches.
Musk’s unconventional management style hasn’t slowed investor enthusiasm, even amidst regulatory hurdles. The funds raised could also support groundbreaking innovations, including energy-efficient space data centers.
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#SpaceX #ElonMusk #IPO #MarsMission #Investing #StockMarket #TrillionDollar #SpaceTech
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Russia shoots down 280+ Ukrainian drones as Zelenskyy pushes new peace plan
Russia claims 280 Ukrainian drones shot down; Zelenskyy finalizes a new peace proposal amid rising tensions and military clashes.
Russia claims 280 Ukrainian drones shot down; Zelenskyy finalizes a new peace proposal amid rising tensions and military clashes.
Russia’s Defence Ministry claims it has shot down over 280 Ukrainian drones, with 40 intercepted near Moscow, some targeting the city directly. Emergency services responded to debris, and temporary flight restrictions were enforced at Moscow’s airports amid the attacks.
Meanwhile, President Zelenskyy revealed his team is finalizing a revised 20-point peace proposal, introducing new ideas on territorial control. Ukrainian and American officials are set to consult online, focusing on security guarantees rather than the detailed points of the plan.
As tensions rise, both military clashes and diplomatic efforts continue to shape the future of the conflict. Keep up with the latest updates and expert analysis on these unfolding events.
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#UkraineConflict #RussiaUkraine #Zelenskyy #DroneAttack #PeacePlan #Moscow #WorldNews #TickerUpdates
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Disney invests $1B in OpenAI to generate Marvel, Star Wars, and Pixar videos
Disney invests $1 billion in OpenAI for AI-generated videos featuring iconic characters, enhancing fan interactions and launching in 2026.
Disney invests $1 billion in OpenAI for AI-generated videos featuring iconic characters, enhancing fan interactions and launching in 2026.
Disney is taking AI to the next level, investing $1 billion in OpenAI to create a licensing deal that allows users to generate videos featuring more than 200 characters from Disney, Marvel, Star Wars, and Pixar. This partnership could redefine how fans interact with their favorite characters.
The deal will let users stream short AI-generated videos directly on Disney+, and ChatGPT will also produce images of Disney’s licensed characters. However, the agreement excludes talent likenesses or voices, keeping human performances separate.
Set to launch in 2026, the collaboration also gives Disney warrants to purchase additional OpenAI equity and use AI tools for product development, opening doors to new creative opportunities.
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