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This week iGaming began in Rhode Island. Online gambling is particularly attractive to the problem gambler for its ease of use. With people using their cell phones and having them in their hands most of the waking day, the convenience and allure makes people vulnerable to gambling, and those who are vulnerable to addiction are particularly vulnerable to this quick fix. RINewsToday will be looking at the problem with gambling throughout March. Here is our first article, with the National Council on Problem Gambling. During March, the National Council on Problem Gambling (NCPG) will lead the annual observance of Problem Gambling Awareness Month (PGAM), emphasizing the 2024 theme, “Every Story Matters.” The nationwide grassroots campaign seeks to increase public awareness of problem gambling and promote prevention, treatment, and recovery services. Problem gambling is often referred to as a ‘hidden addiction ,’ yet an estimated 9 million American adults suffer from a ...

OpenAI CEO Sam Altman plans to use the billion s of dollars he is trying to raise for a chip venture for setting up a network of factories that will manufacture semiconductors, Bloomberg News reported,on Friday, citing people with knowledge of the plans. Altman has had talks with several large potential investors in the hopes of raising the vast sums needed for chip fabrication plants, colloquially known as fabs, the report said. The project would involve working with top chip manufacturers and the network of fabs would be global in scope, according to the report. Manufacturing chips is expensive. They also require copious amounts of natural resources, in addition to the billions of dollars in funding. Costs have been rising over the years as technology advances to make chips used in artificial intelligence applications. Abu Dhabi-based G42 and Japan's SoftBank Group are among the firms that have held discussions with the OpenAI boss, but the talks are still early...

 OpenAI is in early talks to raise a fresh round of funding at a valuation at or above $100 billion , Bloomberg News reported on Friday, citing people with knowledge of the matter. The terms, valuation and timing of the funding round have not yet been finalized and could still change, the report said. OpenAI has also held discussions to raise funding for a new chip venture with Abu Dhabi-based G42, according to the report. It is unclear if the chip venture and wider company funding were related, the report said, adding that OpenAI has discussed raising between $8 billion and $10 billion from G42. OpenAI is set to complete a separate tender offer led by Thrive Capital in early January, which would allow employees to sell shares at a valuation of $86 billion, according to the report. Microsoft has committed to invest over $10 billion in OpenAI, which kicked off the generative artificial intelligence craze in November 2022 by releasing ChatGPT. Microsoft said it had no...

An estimated $1.4 billion jackpot is up for grabs in the next Powerball drawing on Saturday night. An estimated $1.4 billion jackpot is up for grabs in the next Powerball drawing on Saturday night. It's the third-largest purse in the American lottery game's history. It's also the fifth-largest U.S. lottery jackpot ever, according to a press release from Powerball. The grand prize, which has an estimated cash value of $643.7 million, ballooned even further above the $1 billion mark after no ticket matched all six numbers drawn on Wednesday night. MORE: No match for Powerball numbers as jackpot reaches $1.4 billion However, seven tickets -- two purchased in California, one in Colorado, one in New York, one in Pennsylvania and two in Texas -- matched all five white balls to win $1 million prizes. Three other tickets -- sold in Kentucky, Pennsylvania and Texas -- matched all five white balls and won $2 million prizes by including Power Play, a feature that allows a winner to...

Delta Air Lines is reporting record profit and revenue in the second quarter, as summer travelers pack planes and head off on vacation Delta Air Lines soared to a record quarterly profit of more than $1.8 billion as summer vacationers packed planes, especially to international destinations, and the airline enjoyed a tailwind from falling fuel prices. The results released Thursday beat Wall Street expectations, and Delta raised its forecast of full-year earnings. Delta officials said strong demand for tickets has continued at the beginning of the July-through-September quarter, when it expects revenue similar to the record second quarter, and even into the December holidays. “I think it’s going to be more of the same,” CEO Ed Bastian said in an interview. “International bookings, which traditionally start to trail off into the fall, are still going to be at a higher level than normal.” Revenue on flights between the U.S. and Europe, Delta's most important overseas market, soared 65%...

Tempur Sealy has agreed to acquire Mattress Firm in a cash-and-stock transaction valued at about $4 billion WASHINGTON -- Bedding provider Tempur Sealy has agreed to acquire Mattress Firm in a cash-and stock-transaction valued at about $4 billion , the companies said Tuesday. Mattress Firm operates more than 2,300 brick-and-mortar retail locations and an e-commerce platfom. After the Tempur Sealy acquistion is complete, the two companies will have a total of some 3,000 retail stores, 30 e-commerce platforms, 71 manufacturing facilities and four research and development facilities worldwide. “This combination will accelerate our growth trajectory and enhance operating cash flow,” Tempur Sealy Chairman and CEO Scott Thompson said in a statement. “Mattress Firm has been a valued retail partner for more than 35 years, and we look forward to welcoming their talented workforce of more than 8,100 employees to the Tempur Sealy family.” Mattress Firm CEO John Eck added that the transaction will...

The contagion spreading from the collapsed FTX crypto exchange has reached crypto exchange Gemini, which was founded by twins Cameron and Tyler Winklevoss in 2014. Gemini lent $900 million of client funds to a crypto investment firm and now it wants its money back by Sunday to resolve the liquidity crisis facing its 340,000 customers who have money stuck in its lending product, Gemini Earn. Gemini offered users yields as high as 8 percent through its lending product Gemini Earn. To generate those returns, Gemini lent users’ funds to Genesis Global Capital, the lending arm of crypto investment firm Genesis Global Trading, a subsidiary of Digital Currency Group (DCG). Genesis in turn loaned funds out to institutional borrowers. DCG also owns news publication Coindesk, and Grayscale. A troubled digital asset manager, Grayscale’s Bitcoin Trust is trading at a 45-percent discount to the price of its underlying asset despite Bitcoin trading at mul...