AI 'Prophet' Fund Collapses, Citadel Buys Assets at Discount Within 24 Hours

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A fund associated with a figure dubbed the 'Nostradamus' of AI suffered a dramatic collapse, losing billions within days. The losses unfolded rapidly, shaking confidence in the fund's high-profile artificial intelligence predictions. Citadel, the hedge fund managed by billionaire Ken Griffin, moved swiftly to capitalize on the situation. Within less than 24 hours of the collapse, Citadel approached Situational Awareness and acquired its investments at a discounted price. The episode highlights the volatile risks surrounding AI-focused investment vehicles despite their lofty reputations.

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New Orleans river cruise boat partly sinks after tanker collision with 130 aboard

A river cruise boat in New Orleans partially sank after colliding with a tanker on the Mississippi River. The vessel was carrying roughly 130 people at the time of the incident. The article provided to me does not include further details, so specifics such as the exact time, the cause of the collision, and the condition of those aboard cannot be confirmed here. Rescue and response efforts are not described in the source text supplied.

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Tanker Strikes New Orleans River Cruise Ship; Rescue Operations Underway on Mississippi

A tanker collided with a river cruise ship carrying 129 passengers on the Mississippi River in New Orleans on Friday. The impact partially submerged the vessel. Rescue operations were underway, according to officials. The article provides no further details on injuries or the cause of the collision.

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Centre Extends Ban on Zakir Naik's Islamic Research Foundation by Five Years

The Indian government has extended the ban on the Islamic Research Foundation run by Zakir Naik for another five years. According to the official notification, Naik allegedly used international satellite TV, the internet, print, and social media to spread radical messages to millions of people globally. The notification states these efforts were aimed at inspiring young people in India and abroad to carry out terrorist acts. The extension was announced by the Centre under its anti-terror legislation framework. The move keeps the organisation under restriction for a further half-decade.

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IndiaTimes of India ·

High Court seeks explanation over delayed order, citing a single stenographer handling 4,500 cases

The High Court has asked for an explanation after a court order was delayed in being pronounced. The delay has been linked to a staffing shortage, with one stenographer reportedly responsible for around 4,500 cases. The court is examining why the order was not issued on time and what caused the backlog. The matter highlights concerns about the workload faced by court support staff. No further details about the outcome of the hearing were available in the source material.