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Investors Feed A.I. Firms’ Voracious Appetite for New Money

In the race to dominate the artificial intelligence industry, companies like SpaceX and Alphabet are borrowing cash and raising equity from investors at the fastest pace in decades.

© Joe Raedle/Getty Images

The amount of cash needed for A.I. development is thought to be so enormous that already cash-rich companies are looking for more money.
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Antonio Gracias, Elon Musk’s Friend, Is Set to Reap Billions From SpaceX’s IPO

Antonio Gracias, an investor who has built a $65 billion stake in the company, exemplifies the economic upside of being Mr. Musk’s ally.

© Jim Vondruska for The New York Times

Antonio Gracias, left, and Elon Musk at a political event in Green Bay, Wis., last spring. Mr. Gracias and his private equity firm control a $65 billion stake in SpaceX.
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SpaceX’s IPO Could Turn 4,400 Employees Into Millionaires

While Elon Musk may soon become a trillionaire, his rocket company’s market debut is set to the change the lives of its current and former employees, too.

© Chelsea Beck

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Violence erupts against immigrants in Belfast following attempted beheading: ‘Burning families out of their homes is nothing less than disgusting cowardice’

Political and religious leaders in Northern Ireland saw early Wednesday morning — with the embers of a long night of violence in Belfast and other parts of the region still smoldering — that their calls for calm had fallen on deaf ears. Cars, buses, phone booths, and trash cans set ablaze. Homes where immigrants — or simply people from ethnic minorities — were believed to live, completely engulfed in flames after violent groups targeted them as places that needed to be “liberated.”

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© Peter Morrison (AP Photo/Peter Morrison)

Protesters in Belfast following a stabbing incident, June 9.
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SpaceX IPO: What You Need to Know

As the company prepares for its stock market debut, here’s what the initial public offering means for banks, Elon Musk and everyday investors.

© Gabriel V. Cárdenas for The New York Times

Shares of SpaceX are expected to start trading on Friday.
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Compute becomes lifeblood, constraint of AI boom

Computing power has become the lifeblood — and a key limiting factor — of the race to develop AI, as the push to integrate the technology into daily life clashes with the finite supply of one of its most crucial inputs. Often referred to simply as “compute,” the processing power that forms the foundation of…

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Compute becomes lifeblood, constraint of AI boom

Computing power has become the lifeblood — and a key limiting factor — of the race to develop AI, as the push to integrate the technology into daily life clashes with the finite supply of one of its most crucial inputs. Often referred to simply as “compute,” the processing power that forms the foundation of…

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Stephen Ogilvie’s family appeal for calm on second night of disorder – as it happened

This blog is now closed. Read our main report here: Police use water cannon against rioters in Northern Ireland

Hadi Alodid refused legal representation and made no reply to charges which were put put to him through an Arabic interpreter as he appeared in court charged with attempted murder following the Belfast knife attack, the Press Association reports.

The 30-year-old, with an address at Duncairn Avenue in Belfast, appeared before the city’s magistrates’ court on Wednesday morning.

He is charged with the attempted murder of Stephen Ogilvie on Monday, with threatening to kill an NHS radiographer on the same day and with the possession of a knife.

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© Photograph: Henry Nicholls/AFP/Getty Images

© Photograph: Henry Nicholls/AFP/Getty Images

© Photograph: Henry Nicholls/AFP/Getty Images

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