Carbonxt Group (CG1:AU) has announced Carbonxt Increases Stake in Kentucky Facility
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Nvidia CEO Jensen Huang sold 100,000 shares of the chipmaker’s stock on Friday and Monday, according to a filing with the U.S. Securities and Exchange Commission.
The sales are worth nearly $15 million at Tuesday’s opening price.
The transactions are the first sale in Huang’s plan to sell as many as 600,000 shares of Nvidia through the end of 2025. It’s a plan that was announced in March, and it’d be worth $873 million at Tuesday’s opening price.
The Nvidia founder still owns more than 800 million Nvidia shares, according to Monday’s SEC filing. Huang has a net worth of about $126 billion, ranking him 12th on the Bloomberg Billionaires Index.
The 62-year-old chief executive sold about $700 million in Nvidia shares last year under a prearranged plan, too.
Nvidia stock is up more than 800% since December 2022 after OpenAI’s ChatGPT was first released to the public. That launch drew attention to Nvidia’s graphics processing units, or GPUs, which were needed to develop and power the artificial intelligence service.
The company’s chips remain in high demand with the majority of the AI chip market, and Nvidia has introduced two subsequent generations of its AI GPU technology.
Nvidia continues to grow. Its stock is up 9% this year, even as the company faces export control issues that could limit foreign markets for its AI chips.
In May, the company reported first-quarter earnings that showed the chipmaker’s revenue growing 69% on an annual basis to $44 billion during the quarter.
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Chris Schwegmann is getting creative with how artificial intelligence is being used in law.
At Dallas-based boutique law firm Lynn Pinker Hurst & Schwegmann, he sometimes asks AI to channel Supreme Court Chief Justice John Roberts or Sherlock Holmes.
Schwegmann said after uploading opposing counsel’s briefs, he’ll ask legal technology platform Harvey to assume the role of a legal mind like Roberts to see how the chief justice would think about a particular problem.
Other times, he will turn to a fictional character like Holmes, unlocking a different frame of mind.
“Harvey, ChatGPT … they know who those folks are, and can approach the problem from that mindset,” he said. “Once we as lawyers get outside those lanes, when we are thinking more creatively involving other branches of science, literature, history, mythology, that sometimes generates some of the most interesting ideas that can then be put, using proper legal judgement, in a framework that works to solve a legal problem.”
It’s just one example of how smaller businesses are putting AI to work to punch above their weight, and new data shows there’s an opportunity for much more implementation in the future.
Only 24% of owners in the recent Small Business and Technology Survey from the National Federation of Independent Business said they are using AI, including ChatGPT, Canva and Copilot, in some capacity.
Notably, 98% of those using it said AI has so far not impacted the number of employees at their firms.
At his trial litigation firm of 50 attorneys, Schwegmann said AI is resolving work in days that would sometimes take weeks, and said the technology isn’t replacing workers at the firm.
It has freed up associate lawyers from doing “grunt work,” he said, and also means more senior-level partners have the time to mentor younger attorneys because everyone has more time.
The NFIB survey found AI use varied based on the size of the small business. For firms with employees in the single digits, uptake was at 21%. At firms with fifty or more workers, AI implementation was at nearly half of all respondents.
“The data show clearly that uptake for the smallest businesses lags substantially behind their larger competitors. … With a little attention from all the relevant stakeholders, a more equal playing field is possible,” the NFIB report said.
For future AI use, 63% of all small employers surveyed said the utilization of the technology in their industry in the next five years will be important to some degree; 12% said it will be extremely important and 15% said it will not be important at all.
Some of the most common uses in the survey were for communications, marketing and advertising, predictive analysis and customer service.
“We still have the need for the independent legal judgment of our associate lawyers and our partners — it hasn’t replaced them, it just augments their thinking,” Schwegmann said. “It makes them more creative and frees their time to do what lawyers do best, which is strategic thought and creative problem solving.”
The NFIB data echoes a recent survey from Reimagine Main Street, a project of Public Private Strategies Institute in partnership with PayPal.
Reimagine surveyed nearly 1,000 small businesses with annual revenue between $25,000 and $50,000 and also found that a quarter had already started integrating AI into daily workflows.
Schwegmann said at his firm, AI is helping to even the playing field.
“One of the things Harvey lets us do is review, understand and incorporate and respond much faster than we would prior to the use of these kinds of AI tools,” he said. “No longer does a party have an advantage because they can paper you to death.”
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A Venezuelan influencer who criticized both gangs and allegedly corrupt cops was shot and killed on Monday while livestreaming on TikTok, authorities said.
Venezuela’s Ministry of Public Safety said in a statement on Instagram that influencer Gabriel Jesús Sarmiento died in the city of Maracay.
Sarmiento often criticized criminal groups and alleged corruption in law enforcement through his content online, and the ministry added that his death came shortly after he reported “threats made against him by members of the GEDOs (Organized Crime Structured Groups, in Spanish) and alleged police officials.”
Maracay is the capital of Aragua, the region from which the notorious Tren de Aragua gang takes its name, though there is no known connection between the TikToker’s death and the criminal group.
The ministry also said it assigned the 69th Prosecutor’s Office Against Organized Crime to “investigate, identify, and prosecute” those responsible for Sarmiento’s death.
“What happened, what happened?” shouts the man in the recording, followed by a heavy burst of gunfire.
“They shot me!” the man then screams. The video ends with the image of two unidentified armed men. Seconds later, the livestream stops and the video ends.
Sarmiento’s death comes just over a month after another Latin American influencer was killed while livestreaming. Mexican beauty influencer Valeria Marquez was shot and killed in a salon in Jalisco in May, sparking outrage over high rates of femicide in the region.
Just days before Marquez’s death, another woman – a mayoral candidate in the state of Veracruz – was shot dead, also during a livestream, alongside three other people.
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Canada believes US President Donald Trump is no longer interested in turning it into the 51st state, Prime Minister Mark Carney said Tuesday.
“He admires Canada,” Carney told Amanpour. “I think it’s fair to say, maybe for a period of time (he) coveted Canada.”
Carney has frequently pronounced the old, close partnership between Canada and the United States as “over.” He began his term by courting European partners in the United Kingdom and France, and even collaborating with Australia on new radar systems for the Canadian Arctic.
Still, Carney credited Trump for pushing Canada toward higher defense spending, especially meeting the defense spending benchmark for NATO members.
“The president is focused on changing a series of bilateral relations,” Carney told Amanpour. “We’re at NATO. He’s been focused on making sure that all members, Canada included … pay their fair share. I think we’re doing that now.”
Trump now has the “potential to be decisive” in the situation in the Middle East, Carney also told Amanpour. While a broader peace in the region is the ultimate goal, he added, the current priority should be getting “the basics”: a ceasefire, a full resumption of humanitarian aid and the release of all hostages held in the strip.
“He’s used his influence and US power in other situations. We’ve just seen it in Iran. It does create possibility of moving forward and there’s a moral imperative to move forward,” Carney added.
The Canadian leader also credited Iran for its “proportionate” response to the US having bombed three nuclear sites: a highly telegraphed strike on a regional US military base, which was largely intercepted.
“The military action was also a diplomatic move by Iran. We never welcome, obviously, hostilities and reactions, but it was proportionate, it was de-escalatory, it appears to have been previewed,” Carney said.
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Seventy-five years ago this week, more than 135,000 North Korean troops invaded South Korea, starting a war that cost millions of lives and left scars that linger to this day.
Yet, the Korean War has been forever overshadowed by World War II, a much larger conflict that ended less than five years earlier. Even the US Army refers to Korea as “the Forgotten War” – despite more than 36,000 American lives lost.
Sixteen nations, including the United States, sent combat troops in aid of South Korea under the United Nations Command. Chinese troops intervened on the North Korean side.
War broke out on June 25, 1950, when North Korean forces stormed across the 38th parallel dividing North and South Korea. An armistice signed on July 27, 1953, stopped the conflict, but the war never officially ended because there was no peace treaty.
While the twists and turns of today’s US-North Korea relationship have put a spotlight on the Korean War’s legacy, it is still a widely overlooked conflict.
Here are six things you might not know about the Korean War:
The US Army once controlled one of the world’s most secretive cities
It’s almost impossible for Americans to travel to North Korea or its capital city Pyongyang. US passport holders are not allowed to go there without special permission from the US State Department.
But for eight weeks in 1950, Pyongyang was under control of the US Army.
On October 19 of that year, the US Army’s 1st Cavalry Division along with a division of South Korean soldiers captured the North Korean capital, according to US Army histories.
The US forces quickly made themselves at home, according to the histories.
By October 22, the US Eighth Army had set up its advance headquarters in what was the headquarters building for North Korean leader Kim Il Sung.
A picture from the time shows an American intelligence officer sitting at Kim’s desk with a portrait of Soviet Union leader Joseph Stalin hanging on the wall behind him.
But the US military’s occupation of Pyongyang was short-lived. When Chinese troops entered the war in late November 1950, they quickly pushed south and vanquished US forces from Pyongyang by December 5.
The US dropped more bombs on North Korea than on the entire region during WWII
Most images of the Korean War are of ground battles fought in places like the Chosin Reservoir and Incheon. But much of the destruction wreaked on North Korea by the US military was done in a relentless bombing campaign.
During the three years of the Korean War, US aircraft dropped 635,000 tons of bombs – both high explosive and incendiary – on North Korea. That’s more than the 500,000 tons of bombs the US dropped in the Pacific in the entirety of the Second World War, according to figures cited by historian Charles Armstrong in the Asia-Pacific Journal.
Journalists, international observers and American prisoners of war who were in North Korea during the war reported nearly every substantial building had been destroyed. By November 1950, North Korea was advising its citizens to dig holes for housing and shelter.
North Korea didn’t keep official casualty figures from the bombings, but information obtained from Russian archives by the Wilson Center’s Cold War International History Project put the number at more than 280,000.
Gen. Curtis LeMay, the father of US strategic bombing and the architect of fire raids that destroyed swathes of Japanese cities in World War II, said this of the American bombing of North Korea:
“We went over there and fought the war and eventually burned down every town in North Korea anyway, some way or another.”
Armstrong said that bombing of North Korea has effects that linger to this day.
“The DPRK (Democratic Republic of Korea) government never forgot the lesson of North Korea’s vulnerability to American air attack, and for half a century after the Armistice continued to strengthen antiaircraft defenses, build underground installations, and eventually develop nuclear weapons to ensure that North Korea would not find itself in such a position again,” Armstrong wrote.
North Korea convinced the Soviet Union and Joseph Stalin to let the war happen
When World War II ended, control of the Korean Peninsula – occupied by defeated Japanese troops – was divided between the Soviet Union in the north and the United States in the south.
Kim Il Sung, the leader of North Korea, wanted to unite the two Koreas under communist rule and sought permission of Soviet leader Joseph Stalin to do so by force, according to records from the Wilson Center.
Upon Kim’s first request to invade in March 1949, Stalin was wary and did not want to be pulled into a conflict with the United States, which still had occupation troops in South Korea.
But when those troops were pulled in the summer of 1949, Stalin’s opposition softened, and by April 1950 the Soviet leader was ready to hear Kim out again when the North Korean leader visited Moscow.
Stalin told Kim that the USSR would back the invasion, but only if Kim got communist China to approve too.
Emboldened by communist China’s victory over Nationalist forces in 1949 – in a civil war in which Washington did not intervene – Chinese leader Mao Zedong agreed and offered to be a backup force for North Korean troops in the eventuality the US intervened.
With that, Kim had the green light to invade.
The Korean War saved Taiwan from a potential communist takeover
In 1949, communist China was amassing forces along its coast to invade Taiwan, the island to which Chiang Kai-shek and his Nationalist forces had fled after losing to Mao and the communists in the Chinese Civil War.
But the outbreak of the Korean War put a big roadblock in the way of communist China’s plans – the US Navy. Fearful of the fighting in Korea spreading across East Asia, President Harry Truman dispatched US warships to the waters between China and Taiwan.
The US State Department tells how close Taiwan, now a self-governed democaracy that Beijing still claims as part of China, came to a potential communist takeover.
“In late 1949 and early 1950, American officials were prepared to let PRC (People’s Republic of China) forces cross the Strait and defeat Chiang, but after the outbreak of the Korean War in June 1950, the United States sent its Seventh Fleet into the Taiwan Strait to prevent the Korean conflict from spreading south,” reads a passage from the department’s Office of the Historian.
“The appearance of the Seventh Fleet angered the Chinese communists, who transferred their troops poised for an invasion of Taiwan to the Korean front,” it reads.
By October 19, 1950, 12 divisions of communist Chinese troops, more than a quarter-million men, were in North Korea, according to a Brookings Institution account.
Those Chinese troops would inflict horrific losses on the US and South Korean troops they faced, eventually driving them out of North Korea completely.
But China also suffered massive losses; more than 180,000 of its troops were killed.
The first jet-vs-jet dogfight
Jet fighters entered military service in World War II with the introduction of the German Messerschmidt 262. But the jet fighters didn’t go head-to-head in a “Top Gun”-style dogfight until the Korean War.
Records seem to agree that first dogfight occurred over Sinuiju in North Korea, near the Yalu River, and its border with China on November 8, 1950. The Americans, flying F-80 Shooting Star jets, were confronted by MiG-15s, Soviet-made jets that were probably being piloted by Soviet pilots from bases in China.
According to a report from the historian of the US Air Force’s 51st Fighter Wing, eight to 12 MiGs came after an American flight of four F-80s that day. In a 60-second encounter with one of those MIGs, Air Force 1st Lt. Russell Brown hit a MiG-15 with fire from his jet’s cannon and saw it explode in flames, becoming the first jet fighter pilot to score a kill in a dogfight, the report says.
But others dispute that account, with a report from the US Naval Institute (USNI) saying that Soviet records show no MiGs were lost that day.
What is certain is that the next day, November 9, 1950, US Navy Lt. Cmdr. William Amen, flying an F9F fighter off the aircraft carrier USS Philippine Sea, shot down a MiG-15 during airstrikes against bridges on the Yalu River.
Soviet records confirm the MiG-15 loss that day, according to the USNI report.
Later in the war, the US introduced the F-86 jet to the Korean conflict. That plane won fame in battles against the MiG-15 in what was know as “MiG Alley,” the area along the Korea-China border, where the Soviet pilots flew out of bases on the Chinese side.
The National Museum of the US Air Force in Ohio explains MiG Alley this way:
“Large formations of MiGs would lie in wait on the Manchurian side of the border. When UN aircraft entered MiG Alley, these MiGs would swoop down from high altitude to attack. If the MiGs ran into trouble, they would try to escape back over the border into communist China. (To prevent a wider war, UN pilots were ordered not to attack targets in Manchuria.) Even with this advantage, communist pilots still could not compete against the better-trained Sabre pilots of the US Air Force, who scored a kill ratio of about 8:1 against the MiGs.”
The United States never declared war
Though millions of lives were lost during the fighting on the Korean Peninsula between 1950 and 1953, they were technically casualties of what was called a “police action.”
Under the US Constitution, only the US Congress can declare war on another nation. But it has not done so since World War II.
When North Korea invaded the South in 1950, US President Harry Truman sent the US military to intervene as part of a combined effort approved by the United Nations Security Council.
“Fifteen other nations also sent troops under the UN command. Truman did not seek a formal declaration of war from Congress; officially, America’s presence in Korea amounted to no more than a ‘police action,’” reads a passage from the US National Archives.
And those police actions have become the norm for US military intervention ever since. The Vietnam War, the wars in Iraq, Afghanistan and Kosovo, all have seen US troops enter combat under congressional authorizations for the use of military force (AUMF), according to the US House of Representatives website.
Though the AUMF had been around since the beginning of the republic, “after World War II … AUMFs became much broader, often granting Presidents sweeping authority to engage America’s military around the world,” the US House website says.
“The war was the first large overseas US conflict without a declaration of war, setting a precedent for the unilateral presidential power exercised today,” Emory University law professor Mary Dudziak wrote in a 2019 opinion column for the Washington Post.
“The Korean War has helped to enable this century’s forever wars,” Dudziak wrote.
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The “Manu Regia” – a formal invitation signed by the British monarch – was hand delivered to the White House by representatives of the British embassy in Washington last week.
Charles, 76, had initially suggested in a letter delivered to Trump in the Oval Office in February by the UK prime minister that the pair could first meet in Scotland at Dumfries House or Balmoral ahead of the grand official visit. However, it would seem that scheduling challenges have taken that option off the table.
It has been said that the logistical reasons preventing the private meeting from taking place before the state visit were entirely understood and appreciated by all parties.
The palace’s confirmation of the upcoming trip means that formal planning for Trump’s state visit is now underway.
The exact dates have not yet been announced but September is being touted by many as most likely.
The late Queen Elizabeth II previously hosted Trump for a three-day state visit to the UK in 2019 during his first term in office.
Generally, second-term presidents are offered lunch or tea with the monarch at Windsor Castle. That was the case for Presidents Barack Obama and George W. Bush. But the offer of an “unprecedented” second state visit was extended on the king’s behalf by Keir Starmer during a visit to DC four months ago, which Trump enthusiastically accepted.
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Kenyan police have fired teargas and water cannon to disperse protesters as thousands took to the streets to mark the one-year anniversary of anti-government demonstrations that left dozens dead.
The government regulator, the Communications Authority of Kenya, has ordered all television and radio stations in the country to stop broadcasting live coverage of protests of the youth-led march, which began Wednesday.
Thousands of people demonstrated in the capital, Nairobi, the coastal city of Mombasa, and other towns to mark the protest anniversary.
In Nairobi, roads leading to the Kenyan Parliament building and the president’s office were barricaded ahead of the demonstrations.
Last June, many were killed by security forces outside Parliament, drawing nationwide outrage.
The demonstrations in 2024 forced the withdrawal of a controversial finance bill that raised taxes.
However, many of Kenya’s youth are still enraged over several cases of alleged police brutality, including the death of a teacher in police custody and the shooting of an unarmed street vendor.
Demonstrators were also repelled with teargas and water cannon trucks in the capital – reminiscent of last year’s dramatic scenes.
Citizen TV posted a video on X showing injured individuals being wheeled into a Nairobi hospital.
In Mombasa, some protesters were arrested and hauled into police trucks, another video showed.
One person is reported to have been killed during demonstrations in eastern Kenya’s Machakos County on Wednesday morning, according to Citizen TV.
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President Donald Trump thanked former Florida Gov. Jeb Bush after he praised the president’s decision to order strikes against the Islamic Republic of Iran.
‘Thank you to Jeb Bush — Very much appreciated!’ Trump declared in a Tuesday Truth Social post.
Bush, the chairman of the organization United Against Nuclear Iran, issued a statement with several others from the group hailing the president’s move.
‘We applaud President Trump and the United States for this decision—one of the most important of the 21st century,’ the statement declared, calling it ‘an act of courage, clarity, and historical necessity.’
‘President Trump’s decision to neutralize Iran’s regime’s nuclear program is a watershed moment—one that reasserts American strength, restores deterrence, and sends an unmistakable message to rogue regimes: the era of impunity is over. Where others delayed and wavered, President Trump acted,’ the statement asserted, in part.
Bush is the son of the late President George H.W. Bush, and the brother of former President George W. Bush.
The former Sunshine State governor was one of the Republicans who pursued the GOP presidential nomination during the 2016 election cycle, but he dropped out after failing to perform well in early GOP nominating contests.
Former U.S. Ambassador to the UN Nikki Haley and former Vice President Mike Pence are also among those who have expressed support for Trump’s move.
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Former Russian President Dmitry Medvedev said that Moscow is not planning to supply Iran with nuclear warheads, after President Donald Trump mocked him for suggesting that other countries would step in and provide Iran with nuclear weapons after the U.S. strikes against Iranian nuclear facilities.
Medvedev, now the deputy chairman of the Security Council of Russia, originally said Sunday that Iran would continue to advance its nuclear program and would receive assistance from other nations to do so.
Although Medvedev did not specify any countries, he clarified later Monday that he was not talking about Russia.
‘I condemn the U.S. strike on Iran — it failed to achieve its objectives,’ Medvedev said in a Monday post on X. ‘However, Russia has no intention of supplying nuclear weapons to Iran because, unlike Israel, we are parties to the Nuclear Non-Proliferation Treaty.’
‘I know quite well what this would entail, having overseen our nuclear forces as president,’ Medvedev said. ‘But other countries might — and that’s what was said.’
Medvedev’s statement came after Trump called him out by name in a post on Truth Social following the Russian leader’s original Sunday remarks.
‘Did I hear Former President Medvedev, from Russia, casually throwing around the ‘N word’ (Nuclear!), and saying that he and other Countries would supply Nuclear Warheads to Iran? Did he really say that or, is it just a figment of my imagination? If he did say that, and, if confirmed, please let me know, IMMEDIATELY. The ‘N word’ should not be treated so casually. I guess that’s why Putin’s ‘THE BOSS,’’ Trump said in a Monday Truth Social Post.
Andrea Sticker, the deputy director of the Foundation for Defense of Democracies’ nonproliferation and biodefense program, chalked up Medvedev’s initial statement as an attempt to brag and said it was unrealistic for any country to provide such assistance to Iran.
‘Medvedev’s original claim was likely bluster about Russia or another country supplying Iran with nuclear weapons,’ Stricker said in a Monday email to Fox News Digital. ‘No country, including Pakistan or North Korea, would supply atomic devices to Tehran because they would be held accountable by the United States if Iran used the weapons. Moscow and Pyongyang, at least from available open-source information, appear to be standing mostly idle as their ally Iran takes a major beating.’
The U.S. launched strikes late Saturday targeting key Iranian nuclear facilities, which involved more than 125 U.S. aircraft, Chairman of the Joint Chiefs of Staff Gen. Dan Caine told reporters Sunday.
Trump announced early Tuesday that a ceasefire had gone into effect between Israel and Iran but scolded both countries hours later following accusations from both sides that the other had violated the agreement.
Trump told reporters both Israel and Iran failed to follow the terms of the agreement, which he said is still in effect.
‘I’m not happy with them. I’m not happy with Iran either but I’m really unhappy with Israel going out this morning,’ Trump said at the White House Tuesday morning.
‘We basically have two countries that have been fighting so long and so hard that they don’t know what the f— they’re doing,’ he said.
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