August 2024 - Page 23 of 93

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2024

Noah Lyles sets conditions to compete with NFL’s Tyreek Hill: 100-meter dash must be an official event

The rivalry between Olympic champion Noah Lyles and NFL star Tyreek Hill has escalated this week, following new comments from Lyles. Having recently secured a gold medal in the 100-meter dash at the Paris Olympics, Lyles has taken on Hill’s challenge, saying any races he runs would have to meet professional standards. Lyles expressed his openness to a race, as long as it meets certain criteria. “If there’s a sponsor for the event, if we’re running for a substantial prize pool, on a professional track, in the 100 meters, then I’m all in,” Lyles said in a Wednesday interview with…

Aug

25

2024

By Lily Chang

Stifling progress: the impact of big tech giants on startup innovation

Science and Technology

In the heart of Silicon Valley, a culture of innovation has long been celebrated, with startups often emerging to challenge the status quo and introduce disruptive technologies. Historically, this dynamic environment has fostered the development of transformative technologies such as the personal computer and the smartphone. However, recent trends suggest a shift, with a few dominant technology companies increasingly maintaining their market positions by absorbing emerging competitors before they pose a real threat. Take the field of generative AI, for example. DeepMind, an early leader in AI, was quickly acquired by Google. Similarly, OpenAI, originally founded as a nonprofit to…

Aug

25

2024

By Lily Chang

Changing collector preferences influence Monterey classic car auction results

Investments and Business

During the iconic Monterey Car Week, auction results revealed a notable 3% decline in total sales from the previous year, reflecting a broader shift in collector preferences from classic to modern vehicles. This year, combined sales from the five major auction houses (RM Sotheby’s, Broad Arrow, Gooding & Company, Mecum and Bonhams) totaled $391.6 million, down from $403 million in 2023, according to classic car insurer Hagerty. That decline follows a 14% decline from peak sales in 2022. Of the 1,143 cars listed, only 821 found new owners, a 72% sell-through rate, slightly lower than last year. The average price…

Aug

25

2024

By Lily Chang

Traps even the wealthiest fall into, according to an elite travel agent

Social Responsibility

Jaclyn Sienna India, the visionary behind the exclusive travel agency Sienna Charles, is an expert in arranging luxurious trips around the world for the ultra-rich, including Wall Street tycoons, tech icons and film industry moguls who spare no expense. However, note that even the most affluent travelers often fall into a common trap that plagues many vacationers: choosing destinations just because they are popular or are expected to gain popularity on social media platforms. “People should pursue their own interests rather than just following the crowd,” India says. “When too many visitors flock to the same hotspot, it can lead…