Nvidia’s Huang touts ‘full steam’ AI spend while China uncertainty remains

Nvidia stock fluctuated as investors digested the company’s latest earnings report, which signaled robust AI demand but provided little clarity on China.

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8 Best Business Credit Cards for 2025: Top Picks Compared

Compare the best business credit cards by rewards, perks, fees, and features. Find the right card for your business today.

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How a 16-year-old company is easing small businesses into AI

Whether AI is a bubble or not, it’s helping some small businesses save real money. Here’s how one has cautiously approached adoption.

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TransUnion says hackers stole 4.4 million customers’ personal information

The credit reporting giant confirmed unauthorized access to a third-party application storing the personal information of its customers.

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AI adoption linked to 13% decline in jobs for young U.S. workers, Stanford study reveals

A Standford study has found evidence that the widespread adoption of generative AI is impacting the job prospects of early career workers.

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Hackers used AI to ‘to commit large-scale theft’

A report from the makers of Claude said the AI tool had been used to commit cyber-attacks and fraud.

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This New AI Can Take Notes Faster Than a Pro

VoiceType AI transcribes 360 words per minute at 99% accuracy, and it’s only $49 for a lifetime subscription

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More than 10 European startups became unicorns this year

This is a good indication of the sectors that are hot among investors, from biotech and defense tech to AI, AI, and AI.

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22 detained in Texas gambling bust

A gambling bust has resulted in twenty-two individuals being detained in connection with illegal gaming in Texas.
According to the report from the Bexar County Sheriff’s Office, a total of sixty gambling machines were seized alongside $67,350. Citations and charges were issued as part of the bust that took place at Royal Room 777 in the 2300 block of East Southcross Boulevard.
Texas gambling bust nets authorities cash and gambling assets
The news of the bust, initially reported by KSAT, included an in-depth interview with Bexar County Sheriff Javier Salazar. He spoke of the mechanics involved in the illegal activity and the parties responsible.

Those complicit in the bust included 18 gamblers and four employees of Royal Room 777, said Salazar.
“It was one business establishment, but broken into two,” he said. “One part had the machines where people gamble, on the other part, what seems to be the money side of the operation.”
Three of the four detained employees will face charges, including Randy Hinojosa, Jason Garcia, and Jacqueline Gonzalez.
The Sheriff’s Office has levied gambling promotion, keeping a gambling place, possession of a gambling paraphernalia device, and gambling-organized crime charges against the trio.
The fourth employee, Jeannete Zavala, was alleged to have denied entry to the property and was seen “locking doors” to deter the authorities’ access.
Bexar County cracks down on gambling den
Salazar said, “For what seems like legal reasons, they (Royal Room 777) were trying to keep some separation between the two. We are looking at filing a possible engagement in organized criminal activity as well.”
The eighteen players at the gambling establishment have all been issued Class C citations, which is a misdemeanor in the state of Texas.
The Bexar County Sheriff stated that the two establishments tried to work around the legal loopholes of the state legislature with the distance between the playing and payout spaces.
“You play over here, but you don’t receive the payment over here; they (Royal Room 777) give you a token to go over to the next business and redeem that token for cash payment. That is what makes it illegal,” continued the Sheriff.
The Bexar County Sheriff’s Office is now hunting for the owner, or owners, of the establishment as part of a wider case.
“We know that this is a busy business strip center, and we would ask for people to be patient with us as we conduct this operation,” concluded Salazar.
In related news, the Florida Gaming Control Commission (FGCC) made a sizable seizure of 249 illegal slot machines and $194,262 in “suspected gambling” proceeds in Port Richey.
“Illegal casinos are not part of regulated gaming in Florida. These operations exploit vulnerable individuals, create an uneven playing field for lawful businesses, and bring unwanted crime and disorder to the communities in which they operate,” said Director of Gaming Enforcement at the FGCC, Carol Herold.
Featured image: KSAT via YouTube
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Star Entertainment locked in a battle with lenders over mounting debt

Star Entertainment, one of Australia’s most prominent entertainment names, has been locked in debate with lenders over the company’s shaky financial position.
The tale of the gaming company in 2025 has been one marked by twists and turns, including failed business deals, buyouts, and lenders refusing to give ground to a brand they consider too risky to do business with.
Star’s lenders include Australia’s Washington H Soul Pattinson, Macquarie, Perpetual, and Deutsche Bank. Some have reportedly pressed their concerns during negotiations, arguing Star’s position does not reassure them.
Star Entertainment in lender deadlock over debt
As we previously reported, Star has been attempting to persuade potential suitors, such as Bally’s, to invest in the company. In April 2025, Bally’s offered a lifeline to the business in a deal worth AUD 300 million ($180 million), which would transfer the decision-making and control through its board to the U.S.-based company.
This deal with Bally’s came on the heels of a failed Salter Brothers Capital refinancing deal, which would have given Star AUD 940 million ($592,792,200) to help offset their mounting debt.
Chief Executive of Star, Steve McCann, has been attempting to quell the rising voices of lenders. He also reportedly reassured lenders that the assets of Star were solid, having offloaded its entire 50% stake of the Queens Wharf Brisbane and sold assets from The Star Sydney Events Centre. McCann is also attempting a possible further refinancing of Star’s debt before September’s pending financial reports are due.
Lender wavers at the heart of Star’s problems
Star is delaying its financial reports until August 29, which will be another delay in reporting, as the company also stalled its mid-year accounts (as of February 2025) amid the emerging Bally’s investment deal and a reported loss of AUD 302 million ($191 million).
Star has relied on lenders since the mid-year report, saying the company has “continued to rely on the support of its lenders under the Senior Facility Agreement (SFA), including in respect of likely covenant waivers post 30 June 2025.”
These financial statements require support from lenders for the periods ended September 30 and December 31 to ensure the end-of-year financials can be submitted without breaching Star’s covenants with lenders and regulatory bodies.
“Accordingly, The Star has been, and continues to be, in discussions with the SFA lender group in respect of potential covenant waivers for 30 September and 31 December 2025. The SFA lender group has proposed various terms in exchange for providing the requested covenant waivers, which, in aggregate, are unacceptable to The Star.”
This isn’t enough for lenders to agree on the covenant waivers, with sources at The Australian Financial Review stating that they are seeking AUD 20 million upfront from the Bally’s deal, or they will not sign off on the waivers for 2025.
Additionally, the Australian Transaction Reports and Analysis Centre (AUSTRAC) is still pursuing enforcement actions against Star from 2022 for a reported AUD 400 million.
“On 30 November 2022, AUSTRAC applied for civil penalty orders against The Star Pty Limited and The Star Entertainment QLD Limited (the Star Entities) for alleged serious and systemic non-compliance with Australia’s AML/CTF laws,” said the report.
This lack of a deal between the lenders doesn’t bode well for McCann and Star, who would have to find alternative lenders if their current covenant were to be breached and face the wrath of AUSTRAC’s regulatory action.
Featured image: Ideogram
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