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Barry Dillard’s People Inc. offers to buy casino giant MGM Resorts $48.30 per share in cash. MGM is the company that operates major Las Vegas properties such as the Bellagio and Aria. MGM stock rose about 15% in midday trading Monday. Shares in Mr. Diller’s company rose 2%. Mr. Diller, who is already a director of MGM Resorts, said in a letter to MGM’s board that he intends to decline the board’s action regarding the proposed transaction. People Inc. (formerly known as IAC) owns approximately 26.1% of MGM’s stock.“We began investing in MGM nearly six years ago because we believed…
Anthropic, the AI lab behind Claude, has secretly filed for an initial public offering, the company said in a blog post on Monday. The company, which has a market capitalization of nearly $1 trillion, has filed a draft registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering. Anthropic has not yet listed any number of shares or set a price. Anthropic said the proposed initial public offering is subject to market conditions and other factors. The filing comes less than a week after Anthropic raised $65 billion in a Series H funding round, pushing…
MicroStrategy Chairman and CEO Michael Saylor pauses during his speech at the Bitcoin 2022 Conference at the Miami Beach Convention Center on April 7, 2022 in Miami, Florida. Marco Bello | Getty Imagesmichael saylor’s strategy Last week, I sold my Bitcoin for the second time in history, as geopolitical uncertainty continues to weigh on Bitcoin prices and the overall cryptocurrency market.Strategy sold 32 coins for $2.5 million between May 26 and May 31, at an average price of $77,135 per coin, according to Monday’s filing. The company sold 801,994 shares of its common stock during the period, raising $128.3 million.Shares…
Drivers in Russian-controlled Crimea were struggling with gasoline rationing on Monday after Ukrainian drone strikes restricted road supplies across southeastern Ukraine, Reuters witnesses and officials said. More than four years after the 2022 invasion of Ukraine, Russia faces near-daily attacks on its oil infrastructure by Ukraine as Western sanctions drive up the cost of oil exports. Crimea’s Moscow-backed governor, Sergei Aksyonov, said restrictions have been imposed on the sale of the most commonly used gasoline, Ai-95, and fuel coupons must be used for purchases. In Sevastopol, Crimea’s largest city and the traditional base of Russia’s Black Sea Fleet, long lines…
An Iranian man drives past a billboard depicting US President Donald Trump and the Strait of Hormuz on May 28, 2026 in Tehran’s Variasr Square. – | AFP | Getty ImagesIranian state news agency Tasnim reported on Monday that Iranian negotiators had stopped exchanging messages with the United States through intermediaries and that Tehran would move to completely close the Strait of Hormuz in retaliation for continued ceasefire violations.The report, translated and posted on the social media site Telegram, focused on Israel’s military operations against the Iranian-backed militia Hezbollah in Lebanon.According to Tasnim news agency, “there will be no dialogue”…
In this illustrated photo, the Anthropic logo is displayed on a smartphone, with the Claude mythological logo displayed in the background. Sopa Images | Light Rocket | Getty Imageshuman The company is sharing access to its cutting-edge AI model, Mythos, with the EU after the bloc sought access for months over cybersecurity concerns. The European Commission confirmed to CNBC on Monday that it had “several productive meetings” with U.S. AI companies.”We welcome the latest developments regarding possible future access,” Thomas Renier, the EU’s technology sovereignty spokesperson, said in an emailed statement, adding that the EU aims to gain a clearer…
Reuters — London police have announced that more than 20 officers responsible for protecting the royal family have been placed on restricted duty after some officers were accused of falling asleep and leaving their posts at Windsor Castle. London Police announced that a total of 23 officers from the Crown and Specialist Protection Forces had been issued misconduct notices, with 21 of them on restricted duty. This follows what the force described as an urgent investigation launched last month. A spokesperson for the force said: “This behavior falls short of the high standards expected of police officers, particularly in front-line…
Will Alexa Demy retire from acting after Euphoria? she says…The harrowing saga of East Highland High School graduates has officially come to an end. After Euphoria Season 3 came to a bloody and heartbreaking conclusion on May 31st, when Zendaya’s Rue accidentally overdosed on Percocet laced with fentanyl and died, show creator Sam Levinson confirmed that the third installment would be HBO’s last. During an appearance on the New York Times’ PopCast, Sam said, “In terms of the story we were trying to tell, which is a story about addiction and its effects, to me it feels like it’s the…
Related Digital has gone through a “technology learning curve”Associated Digital is a subsidiary of a major real estate firm that has worked on large-scale projects such as New York City’s Hudson Yards neighborhood. Blau said Related Digital is going through a “technical learning curve” as it builds its data center business, and the company is bringing in “real technical experts to help us.” “The fundamentals of execution, development and construction are the same,” he said.–Ashley CaputoBlau suggests China is behind ‘paid protesters’ against data centersAdvocacy groups and community members protest against data center laws outside the Texas State Capitol on…
As traffic continues to grow, alternative search engine DuckDuckGo is leaning into anti-AI sentiment with the release of a new browser extension that allows users to set noai.duckduckgo.com, an AI-free search experience, as their default search engine. Once enabled, users will be directed to DuckDuckGo’s AI-free search page, with no AI-assisted answers or chat prompts, and fewer AI images in search results, the company claims. The extension is currently available to Chrome and Firefox users. Meanwhile, those who switch to the DuckDuckGo web browser already have their AI settings retained, even if they clear their browser history. The company says…