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Politics

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Preemptive Request: Zero Government Bailouts For AI Fails, Please

The U.S.’s Artificial Intelligence (AI) self-feeding frenzy is still … frenzy-ing. Except everything about it seems fake. The U.S.’s Large Language Model (LLM) version of AI seems to be (at least) years away from the promises being made to feed the frenzy. Which can be seen as a partially good thing — since no one... This article Preemptive Request: Zero Government Bailouts For AI Fails, Please was originally created by Converseer.

Dewormer and scabies drugs being sold as cancer treatments, BBC investigation finds

A terminally-ill man was offered the drugs by a stair lift salesman claiming they could shrink tumours.

Wynn’s New Middle Eastern Resort to Open in September 2027

Wynn Resorts Ltd. said its first casino located in the Middle East will now open in September of next year.

Bloomberg•8/4/2026

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Politics

AMD’s datacenter business is booming while gaming takes a backseat

Driven by demand for AI capacity, AMD's data center revenue more than doubled year-over-year in its latest earnings report, reaching $6.7 billion. That's up from $5.8 billion in Q1, and jumping 107 percent from the $3.2 billion it reported for the same period a year ago. At the same time, AMD's gaming revenue fell 31 percent compared to last year, to $779 million, as price hikes and component shortages slowed sales for the Xbox Series X / S, PS5, and Valve's Steam Deck. "Revenue increased 50 percent year-over-year to a record $11.5 billion, driven by continued strength in our Data Center business, which represented 58% of company revenue i … Read the full story at The Verge.

Open-weight AI models are catching up to the frontier. The safety gap remains.

A new SaferAI report finds Z.ai's open-weight GLM-5.2 approaches frontier AI capabilities while lacking key safety mitigations, renewing concerns that powerful open models could outpace governance and safeguards.

TechCrunch•8/4/2026

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Politics

North’ll give Tinubu 95% votes — Uba Sani

Kaduna Governor Uba Sani confidently predicts President Tinubu will secure 95% of Northern votes in the 2027 presidential election, citing infrastructure d Read More: https://punchng.com/northll-give-tinubu-95-votes-uba-sani/

Cerberus Seeks $4 Billion for Second Supply Chain Fund

Cerberus Capital Management, co-founded by Deputy Secretary of Defense Stephen Feinberg, is looking to raise at least $4 billion for its latest supply-chain fund that backs investments critical to the US economy.

Bloomberg•8/4/2026

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Politics

Nigeria’ll lead Africa’s renewable energy revolution, says Tinubu

President Tinubu declares Nigeria a pacesetter in renewable energy capacity, commissioning Africa’s first renewable energy college in Kogi. Learn about Nig Read More: https://punchng.com/nigeriall-lead-africas-renewable-energy-revolution-says-tinubu/

PUNCH•8/4/2026

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Politics

Seychelles' Golden Jubilee Reaches Orbit

VICTORIA, Seychelles, August 4, 2026/APO Group/ — Official photographs and video footage documenting Seychelles’ Golden Jubilee commemorative artefacts aboard the International Space Station (ISS) were today received by State House from the Embassy of the Russian Federation. The material was presented to President Dr Patrick Herminie by the newly accredited Ambassador Designate of the Russian... This article Seychelles' Golden Jubilee Reaches Orbit was originally created by Converseer.

'Inevitable' US, Iran Will See More Volatility In Coming Months, Says Suzanne Maloney

Suzanne Maloney, vice president and director for foreign policy at The Brookings Institution, said that she expects volatility between the US and Iran to continue in the coming months regardless of whether or not the countries reach a deal on the Strait of Hormuz and that volatility will be a 'function of Persian Gulf economics for the foreseeable future.' Maloney also weighed in on the US weapons stockpile, saying that she believes that the availability of munitions has been driving strategic decision making for some time. (Source: Bloomberg)

‘Maximum use’: Iran boosts military strength during ceasefire with US

IRGC spokesman Hossein Mohebbi said last month that Iran's missile production rate increased during the ceasefire.

Sundial’s Richelieu Dennis on Revolt Stake, Essence Fest

Bloomberg's Romaine Bosick sits down with Richelieu Dennis, Founder and Chair of The Sundial Group of Companies, as his brand Essence Ventures makes a strategic investment in Revolt's parent company, Offscript Worldwide. (Source: Bloomberg)

Bloomberg•8/4/2026

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