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OpenAI - New funding to scale the benefits of AI

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Written by: Charles Hancock
Category: News
Read Time: 2 mins
Published: 02 October 2024
Hits: 68

From OpenAI

October 2, 2024

We are making progress on our mission to ensure that artificial general intelligence benefits all of humanity. Every week, over 250 million people around the world use ChatGPT to enhance their work, creativity, and learning. Across industries, businesses are improving productivity and operations, and developers are leveraging our platform to create a new generation of applications. And we’re only getting started.

We’ve raised $6.6B in new funding at a $157B post-money valuation to accelerate progress on our mission. The new funding will allow us to double down on our leadership in frontier AI research, increase compute capacity, and continue building tools that help people solve hard problems.

We aim to make advanced intelligence a widely accessible resource. We’re grateful to our investors for their trust in us, and we look forward to working with our partners, developers, and the broader community to shape an AI-powered ecosystem and future that benefits everyone. By collaborating with key partners, including the U.S. and allied governments, we can unlock this technology's full potential.

Cybersecurity presented by Zayda Technologies

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Written by: Stephen McHugh
Category: News
Read Time: 1 min
Published: 21 August 2024
Hits: 54

STAY INFORMED - Wednesday 31 August 2024

Shattering Time to Detection from Months to Seconds

Detection speed is the holy grail of cybersecurity.

To thwart a cyber attack, an organisation must see when the adversary establishes their initial foothold.

Join cybersecurity veterans and industry experts, Bahram Yusefzadeh and Steve Luebke.

Read more: Cybersecurity presented by Zayda Technologies

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Written by: Stephen McHugh
Category: News
Read Time: 1 min
Published: 08 July 2024
Hits: 63

An Anglo-Suisse Capital deep dive into ILWs and Thornwood Hill Insurance

An Insurance Loss Warranty (ILW) is a type of reinsurance or insurance-linked security contract that provides a payout based on the occurrence of industry-wide insured losses from a specific event, rather than the actual losses of the insured party.

Key Features of an ILW:

  • Trigger: The contract is triggered when industry losses (not the buyer's individual losses) exceed a pre-agreed threshold, as measured by a third-party index (like PCS in the U.S. or PERILS in Europe).

  • Payout: If the threshold is met or exceeded, the buyer receives a predefined payout, regardless of their own losses.

  • Purpose: Commonly used by reinsurers, insurers, or investors to hedge against catastrophic risks like hurricanes, earthquakes, or other natural disasters.

Listen to Aidan and Ingrid from Anglo-Suisse Capital as they discuss ILWs and how Thornwood Hill Insurance presents several standout qualities, primarily stemming from its specialised focus, advanced operational strategies, and demonstrated performance.

Click HERE to listen to the ILW podcast

Sir Stelios unites the ‘easy’ Family of Brands in Monaco

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Written by: Stephen McHugh
Category: News
Read Time: 1 min
Published: 25 October 2022
Hits: 64

MONACO, 22 October, 2022 -- Entrepreneur Sir Stelios Haji-Ioannou has played host to over 100 eager businessmen and women this weekend in Monaco.

As part of a rolling series of similar events, the two-day session on 21st and 22nd October was aimed at businesses that currently trade as part of the ‘easy’ family of brands, founded by Sir Stelios in 1995. Typically, these contain ‘easy’ as a prefix to their company name, including easyJet, easyHotel and easyStorage among others.

easyCapital is a joint venture between the easyGroup and Anglo-Suisse Capital.

More information: https://monacolife.net/sir-stelios-unites-easy-brands-in-monaco/

Read more: Sir Stelios unites the ‘easy’ Family of Brands in Monaco

Lakeward and thallos form joint venture to develop a residential area in Schwäbisch Gmünd

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Written by: joomAdmin
Category: News
Read Time: 3 mins
Published: 13 April 2022
Hits: 95

Zurich, 13 April, 2022

The ambitious residential quarter development 'Eco Village' in Schwäbisch Gmünd had already taken shape in the form of plans and concepts at the end of 2021. At that time, the project developer, thallos AG, submitted the building application for the residential quarter development with around 300 flats to the city of Schwäbisch Gmünd. A forward- looking concept that is intended to harmonise living comfort, an attractive appearance and the highest standards of climate-neutral building. Now, the Real Estate Fund launched by Lakeward Advisory AG in 2021 in cooperation with PMG Investment Solutions AG has founded a joint venture with thallos AG to realise this building project.

Read more: Lakeward and thallos form joint venture to develop a residential area in Schwäbisch Gmünd

More Articles …

  • Lakeward lays foundation stone for new construction project "Ferdinand's Garden" in Berlin-Lichtenberg
  • Inveniam Acquires Factom to become the 8th largest blockchain patent holder in the US. ahead of Microsoft and Fidelity
  • Another victory for Stelios and the easy family of brands against brand theft!
  • Stelios welcomes easyCleaning to the easy family of brands!

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