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- America Abbai Newsletter 8/29/24
America Abbai Newsletter 8/29/24
Source: Yahoo Finance
Stock Markets As of 8/29 4:30 PM CST
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Top News
India has commissioned its second nuclear submarine, INS Arighaat, enhancing its nuclear triad and strategic deterrence capabilities. Defence Minister Rajnath Singh highlighted the achievement as a testament to the Modi government's commitment to self-sufficiency in defense and praised the advanced technology and indigenous systems used in the submarine's construction. The new submarine, more advanced than its predecessor INS Arihant, signifies India's growing military prowess and commitment to strengthening national security.
OpenAI's ChatGPT now boasts over 200 million weekly active users, doubling its user base from last fall, according to a Thursday announcement. The success of ChatGPT has spurred widespread adoption, with 92% of Fortune 500 companies utilizing its products, and the launch of the cost-efficient GPT-4o mini has further expanded its market reach. In addition, OpenAI and Anthropic have secured U.S. government contracts for AI research, and reports suggest potential investments from Apple, Nvidia, and Microsoft could push OpenAI's valuation above $100 billion.
Australia has set a cap on international student enrollment at 270,000 by 2025 to address record migration rates and the associated rise in housing rental costs. This decision is part of a broader strategy to manage the impact of high migration on housing and infrastructure, while still recognizing the vital economic contribution of international students. Despite the cap, international education continues to be a major economic driver, generating significant revenue and supporting numerous jobs in Australia.
The Congress party has reported that Rahul Gandhi spent Rs 70 lakh each in Wayanad and Raebareli during the recent Lok Sabha elections, totaling Rs 1.4 crore. Despite this modest expenditure compared to the permitted limit of Rs 95 lakh for an MP, Gandhi achieved significant victories, winning Wayanad and Raebareli with substantial margins. In contrast, Vikramaditya Singh, who spent Rs 87 lakh in Mandi, was not as fortunate and lost to BJP’s Kangana Ranaut.
Movie News
According to the 2024 Hurun India Rich List, Shah Rukh Khan is the wealthiest Bollywood actor with a net worth of Rs 7,300 crore, followed by Juhi Chawla and her family with Rs 4,600 crore. Khan's wealth is bolstered by his successful film production company, Red Chillies Entertainment, and lucrative brand endorsements. Other notable figures include Hrithik Roshan with Rs 2,000 crore, Amitabh Bachchan with Rs 1,600 crore, and Karan Johar with Rs 1,400 crore.
The teaser for Sree Vishnu's upcoming film Swag was released today, directed by Hasith Goli, who is also involved with Vivek Athreya’s new film Saripodhaa Sanivaram. Swag features Vishnu in multiple roles and explores themes of gender wars with alternative history and rebirths. Producer TG Vishwa Prasad compares the film’s tone to Kamal Haasan’s classics, and despite inquiries about casting Haasan, Hasith Goli and Prasad assert that Sree Vishnu is the perfect fit for the role, calling him the "Telugu Kamal Haasan." The film's release date has yet to be announced but is expected to be this year.
The sequel to Shankar and Kamal Haasan's film Indian 2, which premiered on July 12, has been a major flop, facing criticism and ridicule both in theaters and after its OTT release. The film's Hindi dubbed version appeared online earlier than the expected four-week window, violating the Multiplex Association of India's (MAI) eight-week rule for Hindi films. This breach has led to a legal notice from MAI, which aims to enforce the rule and impact future releases in major multiplex chains, as Indian 3 is already scheduled for a 2025 release.
Theatre Releases
Source: Filmibeat
Movie | Starrring | Release Date |
---|---|---|
Saripodhaa Sanivaaram | Nani, Priyanka Arul Mohan | Aug 29th |
HIT 3 | Nani | Aug 30th |
Narudi Brathuku Natana | Siddhu Jonnalagadda, Neha Shetty | Aug 30th |
SKN - Sai Rajesh Movie | Santosh Sobhan, Alekhya Harika | Aug 31st |
Selfish | Ashish | Aug 31st |
Streaming Dates
Source: Binged
Source: Binged
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