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Despite the massive investments in AI infrastructure by tech giants, AI revenue growth has yet to materialize, indicating a significant gap in the ecosystem’s value to the end user. In fact, David Cahn, an analyst at Sequoia Capital, estimates that AI companies will need to earn about $600 billion annually to fund their AI infrastructure, such as data centers.Last year, Nvidia generated $47.5 billion in revenue from data center hardware (most of which was compute GPUs for AI and HPC applications). Companies like AWS, Google, Meta, Microsoft, and many others have invested heavily in their AI infrastructure in 2023 for…

One of the most important documents for families after the death of a loved one is now one of the most transported documents in the state.Death certificates are now physically delivered to health departments for processing.The News4JAX I-TEAM brought you the news yesterday that the Florida Department of Health’s online database had been hacked by ransomware thieves.They gave the state until today to pay an unknown ransom, while it is illegal for any government agency to pay a ransom.The Florida Department of Health issues birth certificates, death certificates, and other health documents.”To complete the process, a burial permit is provided…

Air travel has become even more difficult over the past year, based on the number of consumer complaints filed with the U.S. government. The Transportation Department said Friday it received nearly 97,000 complaints in 2023, up from about 86,000 the previous year. The department said there were so many complaints that it took until July to sort through the files and compile the numbers. It’s the highest number of consumer complaints against airlines since 2020, when they were slow to refund customers after the coronavirus pandemic shut down air travel. The increase in complaints came even as airlines canceled far…

President Biden doubled down Friday on his refusal to leave the presidential race — saying “I’m the nominee” and that “I’m running and going to win again” — but at one point mistakenly spoke as if the election year was 2020 as fellow Democrats suggest that he drop out due to perceived senility. “There’s been a lot of speculation: What’s Joe going to do?” the 81-year-old president said during a speech at a Madison, Wis., campaign rally. “Here’s my answer: I’m running and going to win again.” President Joe Biden speaks at a campaign rally at Sherman Middle School in…

There’s no need to worry that your secret ChatGPT conversations were obtained following a recent breach of OpenAI’s systems. The hack itself, while troubling, appears to have been superficial, but it’s a reminder that AI companies have quickly become one of the juiciest targets for hackers. The New York Times reported the hack in more detail after former OpenAI employee Leopold Aschenbrenner alluded to it in a recent podcast. He called it a “major security incident,” but anonymous sources at the company told the Times that the hacker only had access to an employee chat room. (I’ve reached out to…

A major Virginia Tech target will be revealed tomorrow. 2025 cornerback Major Preston, who plays at IMG Academy in Florida, will announce his college commitment tomorrow night. While Virginia Tech is hoping to land the 2025 player, the 247Sports crystal ball is currently leaning toward Ole Miss. Ole Miss insider David Johnson predicted earlier today that the Rebels could land the talented cornerback. Crystal Ball predictions aren’t always correct, but they could give an indication of where this recruitment could go. Preston is a three-star prospect according to the 247Sports Composite, ranked as the No. 623 player in the country,…

After just 40 percent of registered voters turned out to cast ballots last week, Iranians cast their ballots Friday in a presidential runoff that exposed deep frustrations at a time when the country faces significant domestic and international challenges.Voters had to choose between two radically different candidates: Ultraconservative Saeed Jalili will face reformist Masoud Pezeshkian. Pezeshkian won the most votes in the first round of voting last week but failed to secure a majority. Jalili hopes to consolidate the conservative vote in this round, but he may struggle to attract moderate conservatives.After Iran’s June 28 presidential election failed, the two…

STORY: From U.S. inflation data and bank earnings reports to rate decisions in New Zealand and South Korea, here are the events to watch in the business and financial world in the week ahead.::To look forward:: Inflation UpdateThe monthly U.S. consumer price index, released Thursday, will shape opinions on whether the Federal Reserve will cut interest rates in the coming months.Chairman Jerome Powell is also scheduled to testify before Congress on Tuesday.He said the United States was back on a “disinflationary path,” but policymakers needed more data before cutting rates.:: Bank profitsU.S. banks are preparing to kick off their second-quarter…

President Lyndon B. Johnson tells a nationwide audience that he would not seek nor accept “the nomination of my party for another term as your president,” on March 31, 1968. AP President Joe Biden, who is dogged by questions about his acuity, has privately acknowledged that the next few days are a critical test of his reelection campaign, according to CNN’s reporting earlier this week. He remains publicly defiant and insists he will remain in the race. But he would not be the first president to step aside rather than seek reelection if he ultimately makes that decision. Most recently, in…

Blue Shield of California worked closely with Stanford Health Care to establish a new network agreement that supports affordable, sustainable health care for individuals and employers. However, the nonprofit health insurance plan and Stanford Health Care have failed to reach an agreement at this point. This means that effective June 29, 2024, Stanford Health Care facilities in Santa Clara and Alameda counties are no longer part of Blue Shield’s member network. The affected hospitals include Stanford Health Care Medical Center, Lucile Packard Children’s Hospital and Stanford Health Care Tri-Valley. “Blue Shield recognizes the challenges posed by the rising cost of…