Author: damazah@gmail.com

Lambda, an AI cloud company that buys computing chips and rents them out to businesses, has raised $1 billion in private, short-dated debt to buy Nvidia’s AI chips that it will lease to Microsoft, Bloomberg reports.  The terms of the deal, which Bloomberg says was arranged by JP Morgan Chase, signal that Lambda is betting it will be able to quickly deploy the chips and start generating revenue from them, letting it repay the debt fairly quickly using that incoming cash. This is the latest in a string of loans that Lambda is using to fund GPU infrastructure for specific…

1. Fiscal rulesThe biggest risk of Burnham as prime minister was always whether he would spook the bond markets and set in train a Liz Truss-style meltdown.Starmer’s allies often played up this fear but there is no doubt that Burnham had to ensure that markets knew he was a serious operator. Gilt yields rose after an interview last year in which he said the government was “in hock to the bond markets”.So, Burnham has committed to Rachel Reeves’s fiscal rules on debt and borrowing, though he has indicated he will “use, obviously, any flexibility within them” where he can borrow…

Researchers at Edith Cowan University (ECU) have identified a potentially important source of low-emission energy beneath Western Australia, where vast iron-rich formations may be capable of generating naturally occurring hydrogen. The findings suggest that the region’s geology could eventually support a new domestic energy source and, if developed at scale, a major hydrogen export industry. Magnetite Could Generate Hydrogen Underground The research focuses on magnetite, a mineral that is abundant in Western Australia’s huge iron ore deposits across the Pilbara region. Scientists from ECU’s School of Engineering found that magnetite can release hydrogen gas when it reacts with hot water…

Jordan RaananAug 29, 2026, 12:34 AM ETCloseJordan Raanan covers the New York Giants for ESPN and can be heard hosting on ESPN Radio. Raanan joined ESPN in 2016.Multiple AuthorsTraining camp and preseason are in the books after the New York Giants beat the host Jets 23-6 on Friday night. It has been enough for coach John Harbaugh to realize Odell Beckham Jr. belongs back in the NFL.Beckham had just nine catches with the Miami Dolphins in 2024 and was out of the league last season. He signed with the Giants in the spring under the premise that he had to…

Malian singer and songwriter Salif Keita has cancelled his upcoming commercial performances in South Africa over reports of xenophobic violence against African migrants, his spokesperson confirmed on Wednesday. The 77-year-old music legend announced the decision in a statement posted on Facebook on Tuesday, saying he could not ignore reports of attacks against migrants amid a series of anti-immigration protests in the country. “I cannot ignore the reports of xenophobic violence against our African brothers and sisters,” Keita said. He described the cancellation as a “painful decision”, but stressed that his action was not directed at South Africans or the country…

The drive to Pedrovo is vertiginous, and each hairpin bend has me sending a silent prayer that we won’t meet a tractor coming the other way. When we near it, we abandon the car and continue on foot to the hamlet, a scattering of red-roofed, whitewashed houses high on the steep karst hillside. The air is warm and dry, scented with wild sage.We follow a hand-painted sign to Čilčevi Farmstead. Descending stone steps to a lush garden, we find a shaded table set with fresh cheeses produced at the farm’s own dairy. Below, the valley stretches in both directions, a…

— Creates 6,000 jobs, completes 200km roads in 18 months By Dayo Johnson, Akure AKURE — The Ondo State Government says it has reduced the state’s domestic debt by 82.6 per cent in the last 18 months, attracted investment proposals worth $4 billion and created more than 6,000 jobs. The government also said it had completed more than 200 kilometres of roads across the state within the period. The Chief Press Secretary to Governor Lucky Aiyedatiwa, Prince Ebenezer Adeniyan, disclosed this in Akure while presenting the administration’s scorecard at its maiden quarterly media briefing. Adeniyan said the administration’s interventions focused…

Blessing Ibunge in Port Harcourt  Rivers State Governor, Siminalayi Fubara, has awarded full scholarships to members of Team Rivers who emerged winners of the National Inter-Schools Debate Championship, reaffirming his administration’s commitment to education and youth development. Fubara announced the scholarship yesterday during the inauguration of the newly reconstructed Bonny National Grammar School in Bonny, where he declared that education remained the state’s most critical investment in the future. The governor said his administration was determined to fund and sustain programmes that would create tangible value for Rivers’ people, stressing that the reconstruction of the historic school was evidence of a…

Cluster Director of Human Resources for Lagos Continental Hotel and Abuja Continental Hotel, Niyi Agoro, speaks on picketing of the hotel in Abuja by the Trade Union Congress, measures taken to forestall future occurrence, and reassures guests on their safety. Charles Ajunwa brings the excerpts:  What is the current state of operations at Abuja Continental Hotel after the recent protest by the Trade Union Congress over non-unionisation of staff members? Abuja Continental Hotel remains fully operational and continues to deliver the exceptional standard of hospitality and service for which it is renowned. While the hotel was subjected to a protest and blockade…

One of the first errors came from Crunchbase, known for its database about tech startups. I emailed my access request to its privacy address on August 17. My message laid out the rights I wanted to exercise and included a direct request not to erase anything: “I am not requesting deletion at this time. Please do not treat this as a deletion request.” I received a reply two days later from a Crunchbase support representative. “Thanks so much for your patience. Your account has been permanently deleted from Crunchbase. Please let me know if you need anything else!” the message…