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Germany’s Munich RE has signed a decisive agreement to acquire digital insurance company Next Insurance for $2.6 billion, the company announced Thursday. Founded in 2016, Next Insurance, based in Palo Alto, focuses on providing insurance to small and medium-sized businesses. It was last valued at $2.5 billion when it raised $265 million in late 2023. The following insurance supporters include Group 11, Allstate, Allianz X, Battery Ventures, Capital G, Redpoint Ventures, Nationwide, Amex Ventures, Ribbit Capital and others. According to CrunchBase, the company has raised nearly $1.2 billion in its lifetime. Like many fintechs, the next insurance rating has been…
Coventry will replace Thomas Bach and become the first African to win the race and become the chief of the International Olympic Committee.Kirsty Coventry destroyed the glass ceiling of the International Olympic Committee (IOC) and became the organization’s first woman and first president of Africa in its 130-year history. Already a towering figure in the Olympic circle, Zimbabwe’s swim has entered a new era of the game, winning on Thursday for Thomas Bach, securing a top job in World Sports. “It’s a really strong signal,” she smiled as victory sank. Coventry only needed a one-round vote to win the race…
Google is rolling out a new Gmail update designed to help you find the email you’re looking for faster. On Thursday, the company announced that it will use AI to consider factors such as remency, most clicked emails, and frequent contacts when surfing emails based on search queries. Until now, Gmail would simply display chronological emails based on keywords. “This update will make the email you’re looking for much more likely to be at the top of your search results. It will save you valuable time and help you find important information more easily,” he wrote in a blog post.…
According to the US State Department, the US citizen who was accused of the Taliban was released after being confined two years later. George Grezmann, who was accused of as a tourist in Afghanistan in December 2022, was the third time a US detainee has been released by the Taliban since January. In a statement, Secretary of State Marco Rubio said Grezmann’s release represented a “positive and constructive step.” He also thanked Qatar for the role of “instrumental” in securing the release. “Today, after two and a half years of confinement in Afghanistan, Delta Air Lines mechanic George Grezman is…
The proposal calling for an educational institution that houses students overnight to separate Tennessee’s “unchanging biological sex” bathrooms is headed to Republican Bill Lee’s desk for his approval. The Republican-dominated Senate easily cleared the law Thursday over objections from LGBTQ+ activists and a handful of Democrats from the Chamber of Commerce. The law is just the latest initiative aimed at the transgender community in Tennessee. Here, Republican lawmakers have repeatedly enacted bills aimed at the LGBTQ+ community over the years. To ensure that parties pursue such laws nationwide..Earlier this year, Utah Governor Spencer Cox signed off Transgender Restriction Legislation It…
Elon Musk-owned social media platform X is suing the Indian government and accusing the country’s IT ministry of illegally extending its authority to remove online content, Reuters reported Thursday. X has long been plaguing chas with government orders to remove or block domestic content, such as during farmers’ protests last year. Ultimately, legal assignments were also submitted, citing the risks of substantial penalties, in accordance with these executive orders. Now, through new lawsuits, we are further strengthening our opposition to state censorship efforts. According to a court filing earlier this month, the company accused the Indian government of creating an…
Nvidia announced on Thursday that it will partner with EPRI, the power industry’s R&D organization, to use AI to solve the problems facing electric grids. Perhaps ironically, the problem is caused primarily by the increased demand for electricity from the AI itself. The Open Power AI Consortium, which includes many utilities and high-tech companies, says it will use what is known as a domain-specific AI model to devise new ways to tackle the problems the power industry is expected to face in the coming years. This model will be made available to academic and industrial researchers with open source. As…
The ceremony was held nationwide, but the main funeral was in Kokani, where 30 victims were buried.Thousands of mourners flocked to funerals in North Macedonia for dozens of casualties in the catastrophic nightclub fire last weekend. The Tuesday broke out at 3am (02:00 GMT) on Sunday during a hip-hop duo DNK concert at Pulse Nightclub in the town of Kocani. At least 59 people were killed and 155 were injured in the fire, causing sadness in the Balkan country. Burials were held in several cities and towns, but the main funeral was Kokhani, a town of about 25,000 people 100…
An analyst, one of Tesla’s biggest boosters on Wall Street, says he’s facing a “moment of truth” at his EV due to the “crisis” created by Elon Musk spending so much on the Trump administration. Analyst Wedbush’s Dan Ives begged the mask in a memo released Thursday to reduce cooperation with Government Efficiency (DOGE). “If you agree or disagree with Doge, you’ve missed the point that Musk spent 110% of your time on Doge (not as Tesla CEO) and since President Trump returned to the White House, this essentially transformed Tesla into a political icon. This led to what Ives…
As CoreWeave is looking to take advantage of the demand for artificial intelligence, it is preparing for a high-value day IPO, targeting valuations of up to $32 billion. The IPO news comes weeks after the startup’s three founders, Mike Intler Brian Venturo and Blanin McBee, pocketed at least $150 million from stock sales, frowned upon the industry. According to Reuters, which first reported the period on Wednesday, the NVIDIA-backed cloud service startup is planning to sell 49 million shares at a price of between $47 million and $55, with a goal of raising up to $2.7 billion. This list has…