The United States Supreme Court has declared race-conscious admissions policies at colleges and universities across the U.S. to be unlawful. Thursday’s landmark 6-3 ruling by the court’s conservative majority upends decades of precedent allowing affirmative action in college admissions. Writing for the majority, Chief Justice John Roberts assailed race-conscious admissions at Harvard and the University of North Carolina as “elusive,” “imponderable” and “opaque,” ruling they violate the equal protection clause of the 14th Amendment. The court stopped short of barring legacy admissions or ending affirmative action in military academies.
One of the largest banking groups in the region, Dubai-state-run Emirates NBD, offers crypto trading services in collaboration with Aquanow and Zodia Custody.
US President Donald Trump has told Hamas to hand over Israeli hostages or “you are dead”.
The threat, made over social media, came hours after the White House confirmed that US officials had broken with tradition to hold direct talks with Hamas.
The US has previously avoided direct contact with the group owing to Washington’s longstanding position not to negotiate with terrorists – with Hamas having been designated as a terrorist group in the US since 1997.
In a press conference on Wednesday, White House press secretary Karoline Leavitt said there had been “ongoing talks and discussions” between the US officials and Hamas.
Image: File pic: AP
But she would not be drawn on the substance of the talks – taking place in Doha, Qatar – between US officials and Hamas, but said Israel had been consulted.
Ms Leavitt continued: “Dialogue and talking to people around the world to do what’s in the best interest of the American people, is something that the president has proven is what he believes is a good faith, effort to do what’s right for the American people.”
There are “American lives at stake,” she added.
Adam Boehler, Mr Trump’s pick to be special envoy for hostage affairs, participated in the direct talks with Hamas.
A spokesperson for Benjamin Netanyahu’s office said Israel had “expressed to the United States its position regarding direct talks with Hamas”.
Hours later, Mr Trump warned Hamas to hand over Israeli hostages or “it’s over for you” – adding: “This is your last warning”.
Image: Hamas militants on the day of a hostage handover in Gaza in February. Pic: Reuters
On his Truth Social platform, Mr Trump wrote: “Release all of the hostages now, not later, and immediately return all of the dead bodies of the people you murdered or it is over for you.
“Only sick and twisted people keep bodies and you are sick and twisted. I am sending Israel everything it needs to finish the job, not a single Hamas member will be safe if you don’t do as I say.”
Mr Trump met with freed Israeli hostages on Wednesday, something he referenced in his social media post, before adding: “This is your last warning. For the leadership of Hamas, now is the time to leave Gaza, while you still have a chance.
“Also, to the people of Gaza, a beautiful future awaits, but not if you hold hostages. If you do, you are dead. Make a smart decision. Release the hostages now, or there will be hell to pay later.”
Israel estimates about 24 living hostages, including American citizen Edan Alexander, and the bodies of at least 35 others, are still believed to be in Gaza.
Image: Donald Trump with Benjamin Netanyahu in February. Pic: Reuters
The US has a long-held policy of not negotiating with terrorists – which it is breaking with these talks as Hamas has been designated a foreign terrorist organisation by the US government’s National Counterterrorism Center since 1997.
The discussions come as a fragile Israel-Hamas ceasefire continues to hold, but its future is uncertain.
Image: Palestinians amid the rubble in the southern Gaza strip. Pic: Reuters
Mr Trump has signalled he has no intention of pushing the Israeli prime minister away from a return to combat if Hamas does not agree to terms of a new ceasefire proposal – which, Israel says, has been drafted by US Middle East envoy Steve Witkoff.
The new plan would require Hamas to release half its remaining hostages – the group’s main bargaining chip – in exchange for a ceasefire extension and a promise to negotiate a lasting truce.
The Alibaba office building is seen in Nanjing, Jiangsu province, China, on Aug 28, 2024.
CFOTO | Future Publishing | Getty Images
Alibaba shares surged on Wednesday after the Chinese behemoth revealed a new reasoning model it claims can rival DeepSeek’s global blockbuster R1.
Hong Kong-listed shares of Alibaba ended the Thursday session up 8.39% — hitting a new 52-week high — with the company’s New York-trading stock rising around 2.5% in premarket deals. Alibaba shares have gained nearly 71% in Hong Kong in the year to date.
The Chinese giant on Thursday unveiled QwQ-32B, its latest AI reasoning model, which it said “rivals cutting-edge reasoning model, e.g., DeepSeek-R1.”
Alibaba’s QwQ-32B operates with 32 billion parameters compared to DeepSeek’s 671 billion parameters with 37 billion parameters actively engaged during inference — the process of running live data through a trained AI model in order to generate a prediction or tackle a task.
Parameters are variables that large language models (LLMs) — AI systems that can understand and generate human language — pick up during training and use in prediction and decision-making. A lower volume of parameters typically signals higher efficiency amid increasing demand for optimized AI that consumes fewer resources.
Alibaba said its new model achieved “impressive results” and the company can “continuously improve the performance especially in math and coding.”
Both established and emerging AI players around the world are racing to produce more efficient and higher-performance models since the unexpected launch of DeepSeek’s revolutionary R1 earlier this year.
“Looking ahead, revenue growth at Cloud Intelligence Group driven by AI will continue to accelerate,” Alibaba CEO Eddie Wu said at the time.
Optimism surrounding AI developments could lead to large gains for Alibaba stock and set the company’s earnings “on a more upwardly-pointing trajectory,” Bernstein analysts said.
“The pace of innovation is incredibly fast right now. It’s really good for the world to see this happening,” Futurum Group CEO Dan Newman told CNBC’s “Squawk Box Europe” on Thursday. “When DeepSeek came out, it made everyone sort of question, was OpenAi the final answer? Would the incumbents, the Microsofts, the Googles, or the Amazons that have all made massive investments win?”
He stressed that the large language models were increasingly “becoming commoditized” as developers look to drive down costs and improve access to users.
“As we see this more efficiency, this cost coming down, we’re also going to see use going off. The training era, which is what Nvidia really built its initial AI boom off, was a big moment,” Newman said. “But the inference, the consumption of AI, is really the future and this is going to exponentially increase that volume.”