BlackRock gets fresh chance to keep NYC pension assets despite climate concerns
Investors asked to pull 13.3% from BlackRock private credit fund in first quarter
In mullah-ruled Iran she lived two lives, but so did many people. In public, men grew beards and removed their ties. Women went black-robed all over. In private, there could be riotous drinking and dancing. Read our obituary of Marjane Satrapi
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Jeff Bezos just came out of retirement. His first CEO role since leaving Amazon. And he's building something nobody expected. 🤯
It's called Prometheus. $12 billion raised. $41 billion valuation. Backed by JPMorgan, BlackRock, Goldman Sachs, and Bezos himself.
150 employees. $273 million per person. That's how much investors are betting on this.
But here's what makes it different from every other AI company.
Prometheus isn't building another chatbot. It's not generating text or
images.
It's building what Bezos calls an "artificial general engineer" AI that designs jet engines, optimizes manufacturing, and prototypes physical products.
LLMs learned from the internet's text. Prometheus is learning from the physical world physics, simulations, engineering data, manufacturing processes.
In Bezos' own words: "Something that takes 100 engineers 10 years to build we want to make that 10 engineers, one year."
His co-CEO is Vik Bajaj, former Google X executive who worked with Sergey Brin on what became Waymo.
No ties to Amazon. No ties to Blue Origin. Bezos said "it deserves a dedicated team obsessed with this one thing."
While everyone is racing to build the best AI for words, Bezos is quietly building AI for the physical world.
That might be the bigger bet.
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Long Beach School District (in CA) hosts a segregated "blacks-only" graduation:
TOMORROW SPACEX GOES PUBLIC AT A $1.77T VALUATION. THE LAST TIME ELON MUSK TOOK A COMPANY PUBLIC, A REPORTER LISTED EVERY REASON THE DEAL WAS A "LEAP OF FAITH."
The company was not making a profit. No mass production. No distribution. Just a prototype.
Here was Musk's response, on Tesla IPO day, June 29, 2010:
"The smartest money in the world is betting on Tesla. They must have a reason for doing so because obviously, to go public and increase the range and increase the price in this market is not easy, and these are very well-informed people."
Then the reporter pressed him on the losses. Musk fired back:
"If Tesla were just making the sports car and doing our powertrain supply business, we would be profitable as a company. We're expanding by 3,000% in the space of 2 to 3 years. It's just not possible for the company as a whole to be profitable with that rate of expansion. It's not some fundamental flaw in the Tesla business."
Tesla $TSLA priced at $17, opened at $19, and closed at $23.89. Up 41% on day one. The deal raised $226M.
At the time, Musk himself had just $650,000 in liquid assets per public filings and was taking loans from friends to cover personal expenses. Almost everything he had was tied up in Tesla.
A $10,000 investment in Tesla at the IPO would be worth ~$3.41 million today.
BlackRock alone just ordered at least $5B worth of SpaceX shares.
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In Thailand, the annual military draft lottery in early April requires young men to draw a card : red means two years of mandatory service, and black means exemption.
Did you know cute girls love ketchup? 🍅🐾 Catching the street vibes in pink and black. Let's shake this tail to the beat! ✨🖤👇
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cosplay# #
lindo# #
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косплей#
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Starting to question if i am black or brown...
She is so beautiful, gorgeous a real black woman❤️❤️