CMR is the leading provider
of funding and management
support for small to
medium-sized businesses and
entrepreneurs
Established 1984 C MR
is the leading venture
capital, management
support and business
services provider for
small to medium-sized
businesses - linking
excellent management
skills with the
substantial financial
resources of a global bank
of private investors.
CMR has over 450 senior
executives, operating
in the UK, USA, Europe, Asia,
Australasia and
globally,
providing both funding and
specialist help for
entrepreneurial
businesses .
For Businesses
CMR provides excellent
resources:
CMR FundEX Business Exchange - gives all companies & entrepreneurs direct access to CMR's global investor base.
CMR Catalyst Group
Programme -
transform
profitability through
merging.
CMR Company Sales Division helps owners to exit
at the best price.
CMR Corporate Recovery
Division -
experts in rescue and
turnaround.
CMR Technology Licensing
Division -
commercialising
innovation.
CMR Executive
Professionals - management support
and consultancy.
CMR Executives-on-Demandâ„¢ Fully experienced
senior executives
available quickly and
cost effectively.
We always welcome
contact with new
business clients- please get in touch
- we will do our
best to match
your needs and exceed
your expectations.
For Investors
Preferential access to new opportunities for investment and/or acquisition
P re-vets
propositions and
provides a
personalised service
to our investors
Syndication service
enabling investors to
link together as desired
Executive and
management support for
investments as needed
CMR's services to
our investors are not
only fast & efficient
but also free
W e
always appreciate new
members- you are welcome
to join as an investor
or as a CMR Executive.
When you
join us as a Senior
Executive:
CMR's strength is in the
skills and experience of
our executive members -
all senior, director level
people with years of
successfully running and
managing companies.
Because the demand for
CMR's support and services
is ever-increasing,
especially as we enter
recessionary times, we
have a growing need for
more high calibre
executives to join us from
every industry and
discipline.
You will be using your
considerable experience to
help smaller businesses
and entrepreneurs to grow
profitably.
We offer full training
and mentoring support to
help maximise potential.
We are
always keen to find more
high calibre senior
executives in all areas-
skills and location.
Make contact with us today
and maximise your
opportunities.
HEAD
OFFICE
124 City Road
London EC1 2NX
Tel: +44 (0)207-636-1744
Fax:+44 (0)207-636-5639
Email: cmr@cmruk.com
Registered Office:
124 City Road ,
London EC1 2NX
Also Glasgow,
Dublin, Switzerland, Europe, USA/Canada
Privacy Statement: CMR only
retains personal details
supplied directly by executives
joining CMR themselves either as
Full Executive Members or
Interim Management Members or
Investors. Those details are
only used within CMR and not
disclosed to any third parties
without that person’s
agreement. We will keep that
data until requested by the
person to be removed – at that
point it will be deleted.
Personal data is never sold or
used for purposes outside of
CMR’s normal operations. Any
correspondence should be
directed to the Managing
Director, CMR,
Kemp House,
152-160 City Road, London EC1V
2N
Senior Executives
CMR is a worldwide network of senior executives. Join us to expand your career and business horizons.
Business Entrepreneurs
CMR has a complete range of resources & services provided by experts to help all businesses to grow and prosper.
Investors & Venturers
CMR has a continuous stream of business and funding propositions, which are matched to investor preferences. Join us - it's FREE!
FundEX
FundEX is CMR's worldwide stock market for small to medium sized companies and entrepreneurs to raise new capital.
Interim & Permanent Management
Many of CMR's executives can be recruited on an interim, permanent or NED basis.
Login
Main CMR Intranet members only
Regional Intranets
Thu, 16 Jul 2026 00:55:00 +0000 Trump Endorses MyPillow's Mike Lindell For Minnesota Governor
Trump Endorses MyPillow's Mike Lindell For Minnesota Governor
Trump Endorses MyPillow's Mike Lindell For Minnesota Governor
Authored by Jack Phillips via The Epoch Times,
President Donald Trump on Wednesday announced he is endorsing MyPillow CEO Mike Lindell as the Republican candidate for Minnesota governor, saying he is one of “America’s greatest and most hard working Patriots.”
“Mike will be SPECTACULAR!!! He truly loves Minnesota, as do I, and wants to bring it back from oblivion and embarrassment. He can do it!” Trump wrote via his Truth Social platform, calling Lindell “the ‘Pillow Man.’”
The president added that “nobody has sacrificed more than Mike Lindell in fighting for our country, especially when it comes to Election Integrity.”
Trump was referring to backlash against the MyPillow brand in response to Lindell’s statements following the 2020 presidential election that significant fraud was involved in the contest.
In response, Lindell wrote on X that he is “honored” to have received Trump’s backing.
Lindell is part of a Republican field competing in an Aug. 11 primary for the state’s seat in a bid to replace outgoing Gov. Tim Walz, a Democrat who announced earlier this year that he would not seek reelection. The announcement came after scrutiny of his state’s handling of a widespread fraud scandal that also drew federal attention.
The GOP list includes Minnesota Republican House Speaker Lisa Demuth. On the Democratic side, longtime Sen. Amy Klobuchar (D-Minn.) headlines the field.
In a separate post on Wednesday, Trump criticized Klobuchar as “corrupt” and “incompetent” before he accused Minnesota’s elections of being rigged against Republicans since President Richard Nixon won the state in the 1972 presidential election. He reiterated his support for Lindell in his post.
Story continues below advertisement
Responding to Trump’s announcement on Wednesday, Klobuchar wrote in a post on X: “Mike Lindell is Donald Trump’s choice. I hope to be Minnesota’s.”
While the Trump administration and Republicans have focused on childcare and other welfare fraud accusations in Minnesota, Democrats, including Klobuchar, have focused on the Trump administration’s immigration crackdown that involved federal officers killing two Minnesotans earlier this year, which drew protests in Minneapolis. Klobuchar has mostly avoided direct mention of the childcare programs and fraud inquiries.
Walz, a former Democratic vice presidential candidate, has disputed the Trump administration’s characterizations and said that his administration has moved to tackle fraud in Minnesota, including a statement in December that they “have made systematic changes” to the state’s government.
The Department of Justice has charged dozens of defendants in Minnesota fraud-related cases, and a large majority of them are of Somali origin, with dozens of convictions. The FBI also launched numerous investigations into allegations of fraud at state healthcare and home care providers accused of criminal activity.
Story continues below advertisement
In June, Lindell told a local radio station that, to win the state’s governor’s race, Republicans “need name recognition, which I have.” Previewing a possible battle between him and Klobuchar ahead of the midterm election, he added, “You don’t have the marketing I have and the money I have to raise to market this against Amy [Klobuchar] come fall.”
Klobuchar’s office did not respond to a request for comment by publication time.
Tyler Durden
Wed, 07/15/2026 - 20:55 Close
Thu, 16 Jul 2026 00:45:00 +0000 Trump: Iran Has Freed Detained American Woman In 'Goodwill' Gesture, After Days Of Bombing
Trump: Iran Has Freed Detained American Woman In 'Goodwill' Gesture, After Days Of Bombing
Summary
Detained American woman freed by Iran ; Trump: "appreciates this gesture of Goodwill by Iran!"
<
Read more.....
Trump: Iran Has Freed Detained American Woman In 'Goodwill' Gesture, After Days Of Bombing
Summary
Detained American woman freed by Iran ; Trump: "appreciates this gesture of Goodwill by Iran!"
Pentagon announces second wave of strikes later Wednesday, the after initial 90-minute attack to start the day.
Trump threatens wider strikes unless Iran returns to talks - says attacks to 'expand' next week.
Wednesday saw 5th strait day of US bombardment on chiefly Iranian coastal sites.
Iran hits US-Gulf bases and warns on regional oil exports, says it is in 'control' of Hormuz Strait.
No evidence de-escalation: Tehran rejects talks and vows more retaliation.
Will the U.S. invade Iran before 2027?
Yes 17% · No 83%View full market & trade on Polymarket * * *
American Freed by Iranians, Trump Announces
In a sudden and very surprising Wednesday evening development, President Trump announced that Iran has released an American woman from prison who had been deemed wrongfully detained since December 2024.
"Iran has allowed an American Citizen, who was wrongfully detained in December of 2024 under the ‘presidency’ of Sleepy Joe Biden, to leave the Country. She is now safely outside of Iran, and in good condition," Trump said on Truth Social. And then most surprisingly: "The United States of America appreciates this gesture of Goodwill by Iran!" Trump added.
She's been identified in a breaking report from The Hill :
The American citizen was later identified as Dena Karari by her lawyer Jared Genser on the social media platform X . He said his client has been trapped in Iran since December 2024 “on bogus charges” and that “this would not have happened but for the extraordinary and relentless efforts” of President Trump .
“Dena is now safe and traveling back to the United States,” Genser concluded.
According to some scant details on Karari's case :
The New York Times reported last year that an Iranian American woman who was first imprisoned and prevented from leaving the country in December 2024, but released from custody, “works for an American technological company and runs a charity for underprivileged children in Iran”.
After the US joined Israel in bombing Iran in 2025, she was charged with espionage.
Trump has further confirmed, "She is now safely outside of Iran, and in good condition ."
There's a possibility the White House could use this as an 'opening' with Tehran, in order to get diplomacy back on track , after days of bombing - especially Trump just appeared to give a rare positive shoutout to the Iranians.
Pentagon Announces Another Wave of Strikes Later Wednesday
It is night time in Iran, and apparently the US 'break' is over, and bombing resumes: (CENTCOM) "At 3 p.m. ET, U.S. forces launched operations for a second wave of strikes today against Iran . The strikes are targeting Iranian military capabilities used to threaten vessels freely transiting through the Strait of Hormuz, an international waterway vital to global commerce. The U.S. military is holding Iran accountable at the Commander in Chief's direction."
Without doubt these attack waves are getting heavier, but so is Iran's 'retaliation'... from earlier: Kuwait Hit By Worst Iran Attacks in Weeks As War Escalates (Bloomberg).
Meanwhile an interestingly ambiguous admission from President Trump Wednesday afternoon:
US President Trump says oil price will yo-yo for a while; thinks inflation at year-end will be lower than now. Would like to see rates go down but better to pause than hike
Later into the night, the US military disabled an unladen oil tanker attempting to sail toward an Iranian port in the Arabian Gulf :
U.S. forces enforced naval blockade measures against Iran, July 15, by disabling an unladen oil tanker attempting to sail toward an Iranian port in the Arabian Gulf.
U.S. Central Command (CENTCOM) forces observed Curacao-flagged M/T Belma transiting international waters toward Kharg Island. The commercial vessel ignored multiple warnings as it attempted to violate the U.S. blockade. A U.S. aircraft disabled the vessel after firing hellfire missiles into the ship’s smokestack. The ship is no longer transiting to Iran.
Trump: Strikes Will 'Expand'
Earlier in the day, within hours after the morning's 90-minutes salvo of latest US strikes on Iran was completed, President Trump once again claimed that Iran is desperately seeking diplomatic talks. However Iran was quick to respond that it has "no plans" for returning to the negotiating table .
With this, President Trump is ready to escalate militarily, telling FOX that strikes on the Islamic Republic will "expand" next week - though some are wondering why he is signaling the delay.
De-escalation seems nowhere on the horizon, also as the more 'hardline' influence within Iran seems ascendant, per Al Jazeera :
The Iranian government is releasing the statistic of the seven soldiers killed in US attacks “very deliberately” to solidify its popular support through the war, says Mehran Kamrava, professor of government at Georgetown University Qatar.
“What we have seen in Iran … is a resurgence of Iranian nationalism , and by highlighting the fact that Iranian soldiers are dying and giving their lives for defending the country, what the government is trying to do is to ensure that that popular support remains intact ,” Kamrava told Al Jazeera.
That support is important as there is little doubt the country is struggling with high inflation, unemployment, and $270bn in damages to the economy, he said. Meanwhile, the Iranians are aware that they cannot go “toe-to-toe militarily with the Americans, so they are turning the conflict from a military one into an economic one, hence the attacks on shipping,” Kamrava said.
Attack Waves Halted, For Now...
The Pentagon opened Wednesday morning (US time) by announcing yet another round of strikes on Iran, in what looks like sustained action - also increasingly expanding to include civil and energy infrastructure of the Islamic Republic.
"At 6 a.m. ET today, U.S. Central Command forces began launching a wave of strikes against Iran," Centcom announced . "The strikes are designed to further degrade military capabilities Iranian forces have used to attack commercial shipping in the Strait of Hormuz."
The US military further indicated it launched a "seven-hour wave" of strikes overnight - and followed during the next day (Wednesday) by a 90-minute wave . Also the evening prior, the US reimposed a naval blockade on Iranian ports and alongside launching its fourth consecutive night of strikes on the country, also as President Trump freshly warned that if Iran does not return to the negotiating table, "next week it gets really bad for them, because next week comes the power plants ."
"You better make a deal, or you're not going to have anything left," Trump has warned. "Ultimately, we'll hit energy targets in Iran. Next week comes the bridges. We're going to knock out all of their power plants. We'll knock out all of their bridges unless they get to the table and negotiate."
US Strike Hits Iranian Military Barracks
Iranian government spokesperson Fatemeh Mohajerani announced that at least 30 civilians have been killed across the country over 260 people wounded by American strikes of the last few days.
Airstrikes also reportedly took out an Iranian military barracks in southeastern Iran , leaving seven dead. The Associated Press details that "One strike targeted a barracks for Iran’s 388th Mechanized Infantry Brigade, which operates tanks and armored vehicles, in Sistan and Baluchestan province, Iranian state television reported."
"The report said the Americans fired at least 13 missiles in the attack and that the seven dead included conscripts and career soldiers," AP continues. "A number of troops were wounded."
Heavy bombardments have focused on the coastal areas, with US strikes reportedly having hit a civilian maritime control tower in Chabahar, southern Iran - location of country's only deep-water port outside the Strait of Hormuz, which allows Iran direct access to the Indian Ocean without passing through the Gulf.
IRGC Strikes Several US-Gulf Facilities
As expected, Iran's IRGC has continued launching a wave of retaliatory strikes targeting critical US military infrastructure across the Gulf and even reaching into Jordan.
The list of targets hit, according to an array of regional sources, include - Bahrain's Sheikh Isa Air Base, the US Navy's 5th Fleet support facility, Kuwait’s Ali Al-Salem and Camp Buehring, and Jordan’s Muwaffaq Salti Air Base .
Also, Emirati sources have reported strikes on the critical Fujairah Port, while Kuwait confirms one of its navy vessels was struck, leaving four crew members injured. Additionally, social media is awash with unverified footage showing Shahed kamikaze drones striking Kuwait , as well as massive plumes of black smoke rising from burning facilities in Kuwait. US 5th Fleet HQ locations in Bahrain also show signs of damage from inbound projectiles.
The IRGC has insisted that the "export of oil and gas from the region will be either for everyone or for no one."
The Iranians have continued to tout their nationalist defiance and have at no point shown signs of backing down as is hoped by Trump:
New Warning of Kharg Island Operation
President Trump continues facing pressure over what's next or what the ultimate objectives are. Related to this, he was pressed by Fox News Wednesday night about taking Kharg Island. Trump responded :
"We already hit Kharg Island, as you know, twice. Even three times. I said hit everything but just leave that little area from 25 yards out because I don't want that in terms of the world economy . As far as taking it is concerned, if we degrade them far enough and deep enough back, I would do that ."
But Iranian forces show no signs of backing down. Instead a message from its army command via state TV says that "a decisive response to this aggressive action by the American enemy" will keep coming.
Missile alert warnings have continued to sound in Bahrain and Kuwait early Wednesday amid the Iranian fire, which has at this point grown to a daily occurrence.
Meanwhile, strikes on nuclear plans return?
Overnight Developments
via Newsquawk...
US President Trump said in a pre-recorded Fox News interview that they are beating up Iran badly and Hormuz has to stay open, while he added that strikes will continue until he says it is enough, as well as stated they will save energy targets for last and will ultimately hit energy targets. Trump also said they will hit Iran hard on Wednesday night, and that next week will get really bad for Iran, in which they will hit Iran's power plants and bridges next week unless Iran comes to the negotiating table. Furthermore, he said US officials spoke to Iran on Tuesday and told Iran that it better make a deal.
US Central Command forces began launching an additional round of strikes against Iran at 15:00EDT/20:00BST on Tuesday, to continue degrading Iranian capabilities used to attack commercial shipping in the Strait of Hormuz, while CENTCOM later announced the completion of strikes against Iran.
US struck Qeshm Island in southern Iran, and explosions were heard in the maritime area of eastern Hormozgan and Sirik, while explosions were heard in Bandar Abbas and Hengam Island. Explosions were also heard in Bampur and Chabahar in Iran, although Iran's semi-official news agency Tasnim noted officials denied reports of explosions in Chabahar, while explosions were reported in Iran's port city of Bandar Imam Khomeini, and a mineral water plant in Deloran was hit by three projectiles. Furthermore, reports noted that air defences around the Bushehr Nuclear Power Plant in Iran became active.
IRGC said it targeted enemy weapons and parts storage in Bahrain and Kuwait, while it targeted a drone ramp in Kuwait's Ali Al Salem air base and targeted US positions at Jordan's Azraq base, as well as the US Fifth Fleet Command HQ, fuel facilities and equipment in Bahrain. IRGC said as long as the US evil stays in the region, not a drop of oil and gas will be exported from the region, and that US aggression will have no result other than delaying the opening of the Strait of Hormuz.
Iran will respond to the US attacks, Tasnim reported.
Iran's Deputy Foreign Minister Gharibabadi said the US is making a mistake if it thinks its military attacks and blockade will force them to request negotiations, but also commented that Iran's return to negotiations and tolerance regarding the Strait of Hormuz is possible. Furthermore, he said the MoU effectively no longer exists and that no country should expect Iran to continue implementing the terms of the memorandum.
Israeli PM Netanyahu is reportedly to travel to Washington on Saturday evening, aiming to meet with US President Trump, Yedioth reported.
Tyler Durden
Wed, 07/15/2026 - 20:45 Close
Thu, 16 Jul 2026 00:05:00 +0000 University Of California Suspends Move To Restore Standardized Testing
University Of California Suspends Move To Restore Standardized Testing
University Of California Suspends Move To Restore Standardized Testing
Authored by Jonathan Turley,
A University of California advisory board suspended the much-celebrated planned review of the system’s admissions policies to bring back standardized testing requirements for undergraduate applicants. The decision of the academic senate’s Board of Admissions and Relations with Schools is not surprising to many of us who have been critical of the system in abandoning objective standards for admissions.
Ahmet Palazoglu, chair of the system’s academic senate, confirmed that the faculty group was ”revising its timeline” for ”a comprehensive review of standardized testing in admissions.”
As various schools reversed the disastrous abandonment of standardized testing, the California system continues to slow-walk the process. Many of the advocates of abandoning standardized testing to advance diversity in admissions are relatively silent in the face of falling academic standards. However, there was still a successful effort behind the scenes to delay any restoration.
As I have previously written , the University of California system was an early supporter of this disastrous move . It was heralded as a way to preserve diversity after voters in California repeatedly rejected race-based admissions and the Supreme Court appeared ready to bar such practices (commonly proven with reference to standardized test differentials among applicants).
Now, many professors in the California system have come to the same conclusion as some of us who denounced the move years ago. They have witnessed the drop in academic skills and abilities among incoming students.
The value of standardized testing was well established years ago. The claim that additional time is needed to contemplate the change is consistent with the university’s prior record. It previously studied the question and then ignored the findings to end the use of standardized testing.
These tests not only have the greatest predictive power for performance but also play an important role in advancing minority students. Former University of California President Janet Napolitano, however, overrode those conclusions .
Napolitano responded to such criticism with a Standardized Testing Task Force in 2019. Many people expected the task force to recommend the cessation of standardized testing. The task force did find that 59 percent of high school graduates were Latino, African-American, or Native American, but only 37 percent were admitted as UC freshman students. The Task Force did not find standardized testing to be unreliable or call for its abandonment, however.
Instead, its final report concluded that “At UC, test scores are currently better predictors of first-year GPA than high school grade point average (HSGPA), and about as good at predicting first-year retention, [University] GPA, and graduation.”
Not only that, it found: “Further, the amount of variance in student outcomes explained by test scores has increased since 2007 … Test scores are predictive for all demographic groups and disciplines … In fact, test scores are better predictors of success for students who are Underrepresented Minority Students (URMs), who are first generation, or whose families are low-income.”
In other words, test scores remain the best indicator for continued performance in college.
That clearly was not the result Napolitano or some others wanted. So, she simply announced a cessation of the use of such scores in admissions.
The system would go to a “test-blind” system until it developed its own test.
Ending standardized testing had an obvious secondary purpose: to frustrate new legal challenges to the use of race in college admissions.
We have also seen the dismal decline in standards at elite universities like Harvard, where faculty have been compelled to teach high school-level math classes to students.
Various schools have now reversed this ridiculous move pushed by faculty and administrators in the cause of racial diversity. The proponents of the change, such as Napolitano, have said little after they decimated the academic integrity and standing of their schools.
The UC faculty cited the UC San Diego Senate–Administration Workgroup on Admissions report , which found that 70 percent of these students are performing below a middle-school level.
Like Harvard, faculty are now teaching high-school-level math.
The trust of the new push to restore standardized testing has focused on STEM subjects. In a June 5 open letter , STEM faculty raised the alarm that UC has regularly admitted students who cannot complete college-level coursework.
UC Board Chair Maria Anguiano insisted that they just needed more time before reintroducing testing that it required by the vast majority of schools: “The goal of this review is not to rehash old questions or data but an opportunity to take a fresh look at how we define and evaluate college readiness in a rapidly changing world.”
For many critics, this comes off as a state academic system contemplating its collective navel as academic standards plummet. Neither the public nor many of the faculty want to continue on the terrible course taken under Napolitano. However, even on this easy and straightforward question, the faculty is dragging its feet to study the matter further — after previously disregarding the results of a study supporting standardized testing.
Tyler Durden
Wed, 07/15/2026 - 20:05 Close
Wed, 15 Jul 2026 23:40:00 +0000 Indian Companies Increasingly Turn To Chinese LLMs Due To "Unsustainable" US Token Bills
Indian Companies Increasingly Turn To Chinese LLMs Due To "Unsustainable" US Token Bills
Indian Companies Increasingly Turn To Chinese LLMs Due To "Unsustainable" US Token Bills
Several weeks ago we laid out the increasingly attractive proposition for global enterprises that are Chinese LLM: 95% of the latest US frontier model capabilities and 10% of the cost. Why pay the premium, when one way or another someone will steal your IP, be it Dario Amodei or Beijing? India, it appears, agrees.
According to the NIkkei, Indian companies are increasingly leaning on Chinese large language models - developed by DeepSeek, Alibaba and Moonshot AI (the same LLMs which we said recently are poised to overtake US models as the best "value proposition ", and profiled here ) - to contain their artificial intelligence spends, in the process extending India's reliance on China for cutting-edge technologies despite a long history of standoffs between the neighbors.
A schematic of China's AI/Hyperscaler ecosystem is shown below (excerpted from here ).
Puneet Kumar, CEO at Mirae Asset Venture Investments India, said that several consumer technology startups that he has met since mid-2025 use such Chinese open-weight LLMs -- those that rely on publicly accessible parameters -- which help drive down costs by an "order of magnitude."
Because these parameters are publicly available, users can download and modify them on their own computers, in contrast to the proprietary offerings by US frontier labs such as OpenAI and Anthropic. The Chinese open-weight LLMs can be accessed in India through service providers such as Microsoft at a fraction of the price of their American counterparts, thanks to their low cost of development. And thanks to reverse engineering distillation, Chinese models have almost caught up with US frontier models in terms of capabilities.
Source: UBS
"The US models are expensive, and for a lot of basic things, you don't need them," Gupta said. "It's overkill, like trying to drive a sports car on a crowded city road."
For the DeepSeek models that Microsoft makes available in southern India through its Foundry platform, charges range between 19 cents and $1.74 per million input tokens, while the price per 1 million output tokens varies from 51 cents to $5.40. Input costs for Moonshot's Kimi go up to 95 cents and output costs up to $4.
In comparison, input costs for OpenAI's GPT 5.5 series range from $5 to $12 per million input tokens, while output costs hover between $30 and $54.
The adoption of Chinese LLMs comes at a time when the likes of OpenAI and Anthropic are opening offices and expanding their offerings in the South Asian nation. Both OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei showed up at the India AI Summit earlier this year, underscoring the importance of India as a market, thanks to its large number of programmers, who have emerged as by far the most active users of AI. Anthropic has bagged Tata Group-owned airline Air India, software maker Cognizant and payment processor Razorpay as customers, while OpenAI counts India's largest software maker, Tata Consultancy Services, as a client. However, unless their token costs crater, the companies can spend billions on marketing and still nobody will use them.
The cost pressures driving the soaring popularity of Chinese LLMs in India are mirrored globally, with major companies including Tesla, Amazon, Uber and Walmart capping AI usage to arrest soaring technology spends as focus shifts from indiscriminate usage, called tokenmaxxing, to return on investment. Chinese LLMs are emerging as winners with aggressive pricing, with their usage more than doubling to 25 trillion tokens in the final week of June from the end of May , according to Open Router, a marketplace for AI models. That was 78% more than U.S. models, a sharp reversal in fortunes from the start of the year, when usage was less than half that of their American counterparts.
Companies like Coinbase, DoorDash and Airbnb have publicly said that they have begun using Chinese models.
Vidya Madhavan, founder of Elevation Capital-backed dating app Schmooze, said that possibilities of "substantial" savings, coupled with wider uptake of open-weight LLMs globally and their ability to deliver a satisfactory performance in comparison with their American peers, encouraged her to deploy Alibaba's Qwen models after some initial hesitation.
"Our approach has been to use solutions from Google, OpenAI, Anthropic, ElevenLabs, etc., to start with, so that we have a sense of what great looks like, and then use a combination of open source plus our tuning to achieve the same outcome and save money wherever applicable," she said.
Apple, which today won approval to use Qwen on its devices in China , clearly agrees.
Nikhil Narendran, a partner at law firm Trilegal, sees startups and developers as early adopters in India, though larger firms are also deliberating over the deployment of Chinese LLMs.
"The token bills are a serious issue -- it is increasingly becoming unsustainable," he said.
Adding to the appeal of open-weight LLMs is that, by virtue of being locally hosted, data stays in India, Narendran said, although "there might be unverified deployment artifacts such as malware or trojans, which is a concern."
"Unless the token-intensive nature of the US frontier AI models changes, the Chinese are likely to take a significant lead over the Americans, " he said. "Since it's mainly the trust factor that goes against them, I am sure Chinese developers understand that risk, and hence are likely to be extra careful."
The incursion of Chinese models into India is raising questions about the South Asian nation's ambitions around AI sovereignty, even as companies such as Sarvam and Gnani build LLMs in Indic languages.
In 2024, India earmarked about 104 billion rupees (about $1.1 billion at current exchange rates) for the technology over a five-year period, but this pales in comparison to China's public investments "running into tens of billions of dollars annually," estimates research firm Bernstein. Moreover, disbursals have been patchy, with actual spending in the fiscal year ending March 2025 totaling 190 million rupees, against an allocation of 5.52 billion rupees, while expenditure for the following fiscal year stood at 3.79 billion rupees, versus an allocation of 20 billion rupees. Government officials have said that disbursals will increase in sync with use of graphics processing units, which have taken time to procure but are crucial to developing AI models.
The risk of being cut off from foreign AI models amid a fragile geopolitical situation has increased the pressure on India to develop its own capabilities. Washington has already prevented Anthropic from giving foreign entities access to its latest models, Fable and Mythos, though the restrictions were lifted late last month. In addition, Reuters reported earlier this week that Beijing is now considering restricting overseas access to advanced Chinese AI models.
Analysts warned that India's dependence on China -- which is also evident in other advanced technologies like electric vehicles and lithium-ion cells -- is risky, given the two nations' recent history of tensions, particularly over a territorial dispute in the Himalayas. In 2020, New Delhi tightened restrictions on Chinese investments after an outbreak of fighting there, although these were eased in March this year.
Sameer Patil, director at the Centre for Security, Strategy and Technology at the Observer Research Foundation think tank, said India's ambitions with sovereign LLMs are restricted to domestic usage, unlike the U.S. and China, which are eyeing global dominance.
"Deepening the dependence on the foreign tech, whether American or Chinese, is a concern because access can be shut down overnight and you will be left in the lurch," Patil said. "Therefore, we have to develop that kind of resilience."
Tyler Durden
Wed, 07/15/2026 - 19:40 Close
Wed, 15 Jul 2026 23:15:00 +0000 Japan Trade Chief Says Hormuz Off-Limits As Hostilities Reignite
Japan Trade Chief Says Hormuz Off-Limits As Hostilities Reignite
Japan Trade Chief Says Hormuz Off-Limits As Hostilities Reignite
By Michael Kern of OilPrice.com
Commercial shipping through the Strait of Hormuz is once again off-limits in the near term as the renewed hostilities and threats to vessels led to another spike in risks of transiting the key tanker and container shipping lane, according to Masahiro Okafuji, chair of the Japan Foreign Trade Council.
“No one would go there, because it’s dangerous,” Okafuji told a media conference on Wednesday, as carried by Bloomberg .
Renewed re-routing of the shipping lanes around the Cape of Good Hope on Africa’s southern tip would hike transportation costs by over 30%, according to Okafuji, who is also chief executive at major Japanese trading house Itochu Corporation.
Following the re-escalation in regional hostilities in recent days, the Joint Maritime Information Center (JMIC) reaffirmed on Tuesday its regional threat level for the Strait of Hormuz at “severe”, which it had raised last week after the first signs emerged of the collapse of the U.S.-Iran ceasefire.
“The regional maritime security threat level remains SEVERE with further deliberate hostile activity likely under current conditions,” JMIC said .
“Mariners should expect sustained naval presence, increased IRGC hailing and monitoring along transit routes, and possible diversion of AIS-equipped vessels to the northern Iranian-controlled route. Enhanced force protection measures, increased VHF hailing, and congestion near anchorage areas should also be anticipated.”
Japan, meanwhile, has been scrambling for alternative oil supply in recent months as its key import route, the Strait of Hormuz, was blocked.
Before the Iran war, Japan and its refiners relied on the Middle East for a massive 95% of all crude imports. But the shock loss of supply forced refiners to seek alternatives and the government to release oil from strategic reserves to offset the lack of supply through the Strait of Hormuz.
Japan in April imported the lowest volume of crude oil from the Middle East on record dating back to 1979 as the Iran war and the closure of the Strait of Hormuz choked supply from the region.
The oil stocks release, Japan’s biggest ever, has helped refiners increase throughput in recent weeks. So has alternative supply from producers outside the Middle East, including the United States, as well as rare cargoes from Azerbaijan and Latin America.
Tyler Durden
Wed, 07/15/2026 - 19:15 Close
Wed, 15 Jul 2026 22:50:00 +0000 Amy Coney Barrett Warns Of Escalating Death Threats Against Supreme Court
Amy Coney Barrett Warns Of Escalating Death Threats Against Supreme Court
It's sad to say, but the truth must be acknowledged - Mob violence and threats of political assassination can often be effective in influencing the policy dec
Read more.....
Amy Coney Barrett Warns Of Escalating Death Threats Against Supreme Court
It's sad to say, but the truth must be acknowledged - Mob violence and threats of political assassination can often be effective in influencing the policy decisions of courts and governments. It's the reason why the militant left has consistently used these methods over the course of generations. It works, and they know it.
It's not that political violence and terrorism produce direct results. Rather, these actions tent to produce indirect effects by sowing the seeds of fear in the minds of people in the middle - People who are not particularly dedicated to conservative or nationalist causes. They just want to do their jobs and go home to their families; they have never before considered the possibility that doing their jobs could lead to horrific consequences.
There have been numerous failed assassination attempts against Donald Trump. An almost successful attempt on the life of Republican Rep. Steve Scalise by a Bernie Sanders supporter. A foiled assassination plot against conservative Supreme Court Justice Brett Kavanaugh by a leftist seeking to change the balance of the court. And finally, the successful assassination of conservative speaker and head of TPUSA, Charlie Kirk. All the evidence points to a radical leftist by the name of Tyler Robinson, who confessed to his own parents and his gay partner that he committed the crime.
Beyond these cases, there has been a steady stream of threats made against conservative politicians and SCOTUS judges. Justice Amy Coney Barrett, who used to vote predominantly conservative in her decisions, recently detailed the many threats made against her and her family since the Dobbs v Jackson case which ultimately overturned Roe v Wade and made abortion a states issue instead of a federal issue.
Barrett mentions the growing number of threats made against her in the wake of the Dobbs leak, as well as being required to wear a bulletproof vest and having her family home swatted. These kinds of intimidation tactics are grotesque, yes, but if we examine Barrett's voting record after Dobbs it becomes increasingly clear that the threats are working.
This revelation helps to explain why Barrett has recently turned against obvious decisions on such issues as birthright citizenship and mail-in ballots. She is most likely afraid and trying to mitigate the rage of activist freaks.
Barrett told a House subcommittee on Tuesday that “the threat level” against her and other federal judges “is really high” as she testified about the high court’s 2027 budget request.
“Those statistics sound abstract, but being on the receiving end of them is not,” Barrett told the House Appropriations subcommittee on financial services and general government, before she shared several anecdotes about threats affecting her and her family.
The Supreme Court is asking Congress to appropriate $228.4 million for fiscal 2027, a nearly 10% rise since the $207.8 million appropriated for 2026. The increase reflects higher spending on security-related measures, both for the protection of justices and for cybersecurity
Perhaps more disconcerting than the constant threats is the fact that leftist movements largely dodge the blame for these events when they do happen, which makes it more difficult for exposed figures to do their jobs. If leftist movements are not called out for their involvement, then the problem will never go away. Activists are free to continue their campaign of terror.
Until recently, groups like Antifa were not even treated as real by the government or the media. If a terrorist organization is not technically "real", then they can't be investigated or prosecuted.
After nearly every assassination attempt, whether the attackers succeed or not, the propaganda machine floods social media with conspiracy theories scapegoating anyone other than radical progressives. This is a highly organized psy-op designed to disable conservative anger by sowing seeds of doubt. Leftist ideology and the groups that promote it always seem to escape culpability.
Right leaning judges facing potential assassination see this trend; they know that if they are attacked or killed, the spin agents will slither out from under their rocks and turn them into the bad guys. Even if they survive, they will be accused of "staging" the incident. The incentive to stand by their convictions diminishes.
Furthermore, less and less people near the center will feel compelled to seek offices of authority, because they know they will be immediately added to the hit list if they deviate at all from woke demands. At bottom, if Amy Coney Barrett is compromised by fear, then she should step down from her position. Even though the viciousness of the discourse is not her fault, she needs to be replaced by someone who can handle the heat.
It should be noted that the aggressive and unhinged nature of the left-wing will, in the end, result in the most hardcore right-wingers moving to the top. This is the last thing the progressives should want. With the center-right, they still might find an empathetic ear; but with hardened conservatives in power - men who are fed up with compromise - leftists are unlikely to find fairness or compassion for their causes.
The more violent the political left becomes, the more callous conservatives will become. Until, one day, progressives will be hit with a freight train of retribution, and no one will care.
Tyler Durden
Wed, 07/15/2026 - 18:50 Close
Wed, 15 Jul 2026 22:25:00 +0000 What Does Socialism Actually Deliver?
What Does Socialism Actually Deliver?
What Does Socialism Actually Deliver?
Authored by Christian Milord via The Epoch Times,
If we examine the history of alleged “democratic” socialism around the globe, it’s not difficult to flesh out the contradictions within its entire framework.
However, for someone who hasn’t studied history or been grounded in the timeless principles of hard work and individual responsibility, socialism might tug at their heartstrings with its utopian claims. They fail to realize that the words “democratic” and “socialism” don’t mix well.
Buzzwords such as affordability, equality, and social justice sound appealing to almost anyone, especially those facing life challenges. However, if you dig deeper, the path toward those ideals involves seizing from those who pull their own weight and handing it over to those who want the easy way out in life. This forced collectivism lies at the root of socialism’s dysfunction, as it generates resentment.
Marxist socialism promises the moon and stars in the form of free this and free that. What the purveyors of this ideology don’t tell the masses is that nothing in life is free and someone has to fork over the money for all the “free” stuff. Folks in the middle- and upper-income strata are coerced into surrendering greater amounts of their hard-won earnings to a centralized government that, in turn, redistributes funds or services to the indigent.
Moreover, socialists demand that everyone practice a minimalist lifestyle while political ideologues enjoy the blessings of a free-market economy. There’s nothing wrong with embracing minimalism if it’s a voluntary decision, but that’s not how socialism operates.
Coercion is the key element in socialism’s playbook, and it tends to hurt the lower-income folks that it claims to fight for in society.
Instead of encouraging poor folks to utilize initiative to succeed, socialists encourage dependency on a bureaucratic state that plays favorites in the battle for resources. This often runs counter to the human drive to freely choose between competing goods, ideas, and services.
Socialism stifles intellectual diversity and is anti-spiritual, since it believes that humans possess all the answers and a divine presence doesn’t play a role in human affairs.
What many young folks fail to realize when they listen to socialist narratives is that socialism is based on emotions and class envy rather than well-reasoned arguments and solutions. The arbitrary nature of socialism can turn any human being into a target of scorn, depending on the mood of those who run the circus. In unfree societies, socialism is kept on life support despite its colossal failures and millions of victims since Russia’s 1917 Bolshevik Revolution.
Socialist apologists often repeat the mantra that socialism hasn’t been applied the “correct” way and that is why it continues to fall short. So they triple down on their internal contradictions and hypocrisy, and are doomed to repeat the same dystopian slogans over and over again despite shortages in goods, opportunities, and services.
In a free society, socialists attempt to apply coercion with a gentler demeanor that hides a relentless ambition to dismantle democratic institutions.
In their zeal for permanent revolution, socialists don’t have time to take a breath and actually produce anything of substance. Indeed, they are great at lecturing us and taking from others, but very weak on producing quality products and services that consumers want.
Indeed, socialist leaders exacerbate the cycle of poverty by distorting the free market with price controls and a fixation with victimhood. Socialists ignore the reality that in a free society, victimhood is a choice, as there are countless opportunities to succeed.
Most socialist gatherings and protests involve educated middle- and upper-class folks who have time on their hands to clamor for Marxist ideas they don’t even practice in their daily lives. They benefit from the free market, yet they want the poor to be enslaved to ineffective government programs instead of pursuing the American Dream. Indeed, socialist rabblerousers aren’t fighting the oligarchy because they are the oligarchy.
Another fatal flaw in the socialist edifice is the opposition to charter schools. Why do they oppose alternatives to so many failing public schools? Charters more often than not outperform their public school counterparts in educational outcomes. This can help students succeed more in higher education and the workforce.
What does socialism deliver to society? It plays the zero-sum game by falsely believing that if one person succeeds, someone else fails . How about the possibility that if one person succeeds, it inspires others to work hard in attaining a worthy goal? The road to success can be uneven for anyone, but the persevering effort is what counts.
The primary objective of socialism is power over others by initiating anarchy and class warfare. It stifles natural competition, inherent liberty, and social relations. Socialist activists are adept at pulling the victim card in order to become victimizers of folks they envy, such as the wealthy who already create countless jobs and pay heavy taxes.
To sum up, socialism is a criminal enterprise that utilizes propaganda to convince us that it cares for the poor. In truth, socialists crave power, while their policies only serve to keep lower-income folks in misery. The antidote is equal human rights, free market exchanges, and limited government.
Tyler Durden
Wed, 07/15/2026 - 18:25 Close
Wed, 15 Jul 2026 22:00:00 +0000 Widow Of Butler Rally Victim: Trump Assassination Attempt Was "An Inside Job"
Widow Of Butler Rally Victim: Trump Assassination Attempt Was "An Inside Job"
Two years after a gunman opened fire at a campaign rally in Butler, Pennsylvania, killing one attendee and wounding President Donald Trump, the w
Read more.....
Widow Of Butler Rally Victim: Trump Assassination Attempt Was "An Inside Job"
Two years after a gunman opened fire at a campaign rally in Butler, Pennsylvania, killing one attendee and wounding President Donald Trump, the widow of the man who was slain has expressed deep skepticism about the circumstances of the attack. Helen Comperatore, whose husband Corey, a 50-year-old volunteer firefighter and father of two, was fatally shot while shielding his family, told NewsNation that she believes the July 13, 2024, assassination attempt was "an inside job."
In the explosive interview, Helen Comperatore stopped short of alleging a second shooter but claimed that Thomas Matthew Crooks, the 20-year-old identified as the gunman, did not act alone.
"I believe he was working with somebody," she said . "I believe it was an inside job - inside the government somewhere."
Corey Comperatore died protecting his wife and daughter as shots rang out from a rooftop approximately 400 feet from the stage. Trump was grazed in the ear, and two other spectators were injured. The incident, which occurred amid a series of documented security lapses, has continued to fuel public outrage and congressional scrutiny.
Later in the interview Helen Comperatore issued a poignant message to Trump.
"Don't forget us and remember what we went through that day. We're still here, and we need answers," she said .
Federal investigations have consistently portrayed Crooks as a lone actor, with the FBI. examining the shooting as an assassination attempt and a potential act of domestic terrorism. Extensive searches of his devices and home, along with interviews, yielded no clear motive or evidence of accomplices. Yet, multiple inquiries have highlighted systemic failures by the Secret Service. As of mid-2026, congressional and inspector general reports continue to underscore preventable shortcomings.
A recent Office of Inspector General report found that the Secret Service shockingly missed over 100 radio transmissions from local law enforcement about a suspicious individual, who is now believed to be Crooks, armed with a rangefinder and rifle. Agents failed to relay critical warnings, establish proper joint communications or secure the rooftop vantage point.
Tyler Durden
Wed, 07/15/2026 - 18:00 Close
Wed, 15 Jul 2026 21:40:00 +0000 Increasing Number Of US Families Took On Debt, Tapped Savings To Meet Food Needs: Report
Increasing Number Of US Families Took On Debt, Tapped Savings To Meet Food Needs: Report
Increasing Number Of US Families Took On Debt, Tapped Savings To Meet Food Needs: Report
Authored by Naveen Athrappully via The Epoch Times,
Many American families are struggling to make ends meet on their incomes alone and have resorted to credit cards, payday loans, and Buy Now Pay Later (BNPL) options for groceries, according to nonprofit research center Urban Institute.
The findings are based on a survey of 18-to 64-year-old working-age adults conducted in December 2025. About 8.7 percent of adults said they used a credit card for groceries and were unable to make the minimum payment, up from 7.1 percent in 2023, the Urban Institute said in a July 13 report. This suggests “worsening financial distress” among families.
Almost one in 10 used BNPL to pay for groceries, out of which more than a third missed a timely repayment last year.
About 19.6 percent used savings not meant for daily expenses to buy groceries, while 5.2 percent used cash from a payday loan.
The report highlighted that groceries are one of the largest household budget items for families and that food costs have jumped by about 32 percent over the past five years, posing a challenge for many households.
Adults who reported that their grocery costs increased significantly last year were more likely to use their savings or credit to buy food. According to the report, 51.3 percent of adults said grocery costs rose a lot during the 12 months preceding December 2025.
Data from the Bureau of Labor Statistics show that among bread, chicken, eggs, beef, and milk, only beef recorded a price increase between December 2024 and December 2025.
The price of a pound of ground 100 percent beef rose from $5.58 to $6.52 during this period. In contrast, the price of a pound of white bread declined from $1.91 to $1.83, a pound of fresh whole chicken fell from $2.06 to $2.02, a dozen large grade A eggs decreased from $4.15 to $2.71, and a gallon of fresh whole fortified milk declined from $4.10 to $4.05.
When families are unable to pay for groceries from their regular income, they resort to using credit, drawing down savings, and cutting down grocery spending, the Urban Institute report said.
Low- and moderate-income adults were more likely to report paying for groceries with a credit card, though they didn’t always pay the required minimum payment, the nonprofit said.
Steaks for sale at a store in Elkridge, Md., on Feb. 27, 2026. Madalina Kilroy/The Epoch Times
Amid straining finances, U.S. household debt rose last year . By the end of the fourth quarter of 2025, total U.S. household debt stood at $18.77 trillion, up $740 billion from a year ago, according to data from the Federal Reserve Bank of New York.
For the first quarter of 2026, household debt rose marginally by 0.1 percent from the previous quarter to $18.8 trillion, the bank said in a May 12 statement.
More Americans are also filing for bankruptcy. In 2025, individual bankruptcy filings rose by 12 percent from 2024, according to the American Bankruptcy Institute (ABI).
In the first six months of 2026, individual bankruptcy filings rose by 12 percent from the same period last year, ABI said.
Unemployment, GDP Growth
For the week ending July 4, initial unemployment claims fell to 215,000, down from the previous week and the lowest level since late May. Overall employment conditions show signs of stability, with the four-week average of unemployment claims declining,
According to minutes from June’s Federal Reserve policy meeting, the central bank believes the labor market will “remain stable in the near term, with the unemployment rate staying close to current levels.”
People shop for meat at a store in Mount Laurel, N.J., on Feb. 5, 2025. Samira Bouaou/The Epoch Times
GDP grew by 2.1 percent in 2025 from the previous year, according to data from the Bureau of Economic Analysis. For the January–March quarter this year, GDP rose by 2.1 percent. Consumer spending rose by 0.5 percent despite inflationary pressures.
In a recent Consumer Checkpoint report, Bank of America noted that consumer spending momentum was “remarkably robust.”
Consultancy Deloitte predicted in a July 1 report that in its baseline scenario, real U.S. GDP growth is expected to grow by a “healthy” 2 percent this year and 1.8 percent in 2027.
Tyler Durden
Wed, 07/15/2026 - 17:40 Close
Wed, 15 Jul 2026 21:20:00 +0000 Senior Defense Officials Review Potential 101st Airborne Helicopter Assault On Cuba
Senior Defense Officials Review Potential 101st Airborne Helicopter Assault On Cuba
Senior Defense Officials Review Potential 101st Airborne Helicopter Assault On Cuba
Cuba's national power grid has collapsed for the third time in less than 10 days , plunging the communist-run Caribbean island into darkness and leaving roughly 10 million people without electricity. The cascading failures show the regime's accelerating loss of control over critical infrastructure, just as senior U.S. defense officials evaluate potential military options aimed at regime change in Havana.
CBS News reported that senior U.S. defense officials have reviewed early-stage military options for Cuba, including an Army-led air assault involving thousands of troops from the 101st Airborne Division.
More color from the report:
Military planners have in recent weeks examined a range of options for possible action against the island, including an Army-led air assault involving thousands of U.S. soldiers to be carried out by the 101st Airborne Division, the only unit trained for such a task, according to multiple U.S. officials with knowledge of the discussions.
The officials, who spoke to CBS News under condition of anonymity to discuss national security matters, stressed that the briefings are not an indication that President Trump or the Pentagon have decided to carry out an operation.
Any regime-change operation could face constraints because U.S. aircraft, intelligence assets, and offensive capabilities have been shifted to the Gulf region, where fighting has flared up again over the past week.
Secretary of State Marco Rubio continues to favor a negotiated transition toward a new government willing to pursue economic reforms after decades of destructive communist policies that transformed the Caribbean island into a Marxist hellhole.
On Monday, President Trump told reporters that his team is investigating whether Iran has stockpiled suicide drones in Cuba.
When asked by a reporter about the purported intelligence report on drones stockpiled in Cuba, Trump replied: "If they have them, and it's very possible that they do, we'll take care of it."
Trump also suggested that the communists on the island might be storing Iranian missiles, something his administration "is looking into right now."
Recall that in early February, we were the first to raise the question of the possible drone threat originating from Cuba. Axios followed in May, and now the administration appears to be discussing the threat more frequently.
Rubio has also sanctioned several Cuban entities, including ICAP, which may be at the center of a foreign subversion network potentially linked to the Democratic Socialists of America.
The independent Cuban news outlet ADN Cuba recently leaked a memo stating that far-left activists in the U.S. are prepared to launch rapid-response protests at federal buildings, military bases, recruitment centers, and ICE facilities in the event of a military confrontation between the U.S. military and the communist regime in Havana.
Tyler Durden
Wed, 07/15/2026 - 17:20 Close