News
What to expect as leaders convene at the G7 Summit
Ahead of the G7 summit in England, US President Joe Biden is leading a movement to push developing countries away from China’s grip.
Offering substantial infrastructure initiatives, and millions of Covid-19 vaccine doses, experts believe the power play could potentially outweigh Beijing’s.
It comes as Biden and British PM Boris Johnson sat down for their first meeting in Cornwall.
The leaders were promoting a new “partnership” and announced the financing of several major infrastructure projects in emerging markets.
Although there was no direct mention of China, the initiatives proposed do have significant similarities to pledges previously made by Beijing.
These pledges include China’s belt and road initiative and the country’s vaccine distribution program.
As G7 member nations prepare to convene, it is expected that leaders will continue to assert the moral and economic standards of the west.
G7 summit or meeting concept. Row from flags of members of G7 group of seven and list of countries, 3d illustration
Vaccine Donation
During the summit, UK Prime Minister Boris Johnson expects the Group of Seven to agree on a decision to donate one billion coronavirus vaccine doses to poorer nations.
It comes as the United States donates 500 million Pfizer shots to COVAX to battle the pandemic and strengthen the rollout around the world.
Some campaign groups condemned the plan as a drop in the ocean, with Oxfam estimating that nearly 4 billion people will depend on COVAX for vaccines, the programme that distributes COVID-19 shots to low and middle income countries.
The pandemic has claimed the lives of around 4 million people and ripped through the global economy. Infections have been reported in more than 210 countries and territories since the first cases were identified in China in December 2019.
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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News
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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News
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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