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In a sign of the times, the Bears received a commitment from James Nnaji, a 7-foot center from Nigeria who was selected in the 2023 NBA Draft. The 21-year-old will be eligible to play immediately for Scott Drew and will have four years of eligibility remaining, a Baylor spokesperson confirmed to USA TODAY Sports. The Bears is 9-2 this season.

He was the 31st overall pick — first in the second round — in the 2023 draft by the Detroit Pistons, who was then traded him to the Charlotte Hornets. In September 2024, his rights were traded to the New York Knicks as part of the blockbuster deal that sent Karl-Anthony Towns to the Knicks.

Despite getting drafted, Nnaji never played in an NBA regular-season game, only playing for the Hornets in the 2023 Summer Classic and the Knicks’ 2025 Summer League team. For New York, he averaged 3.2 points and 3.6 rebounds in five games. He has been playing professionally in Spain for FC Barcelona. He and the team parted ways in August.

It’s certainly unusual to see an NBA draft pick play college basketball, but it’s the latest sign of the line of amateurism being blurred. With name, image and likeness running wild in college sports, the NCAA has changed eligibility guidelines to where athletes who have played professionally have been able to play collegiately.

It’s typically been done with international players, but it’s leaked to those who have played in the NBA G League, which has drawn the ire of coaches across the country.

Reactions to James Nnaji joining Baylor

As news of Nnaji’s commitment to Baylor spread on Dec. 24, it drew some pretty strong responses as people feel it’s ridiculous for a former NBA draft pick to join a college basketball team in the middle of the season.

Notable reactions include Connecticut coach Dan Hurley, who had a slight NSFW response. It’s also left some people confused as to what happens if Nnaji wants to play professionally, if he can get drafted again or would he still have his professional rights owned by the Knicks.

This post appeared first on USA TODAY

Happy Holidays – the penultimate week of the 2025 NFL regular season is upon us. However you might not exactly enjoy what’s underneath the tree on Christmas – the Yuletide’s three streaming contests (Cowboys-Commanders, Lions-Vikings and Broncos-Chiefs) not exactly crackling with compelling subplots or playoff implications despite their intra-divisional pairings.

Saturday’s couplet is a bit more compelling, Texans-Chargers a rematch from last season’s playoffs and potentially a preview of what goes down next month. The Green Bay Packers host the Baltimore Ravens in the night game – both squads residing on the edge of wild-card contention, Baltimore requiring a win to simply survive mathematically into Sunday.

Sunday afternoon isn’t exactly loaded with must-see football, either, though several teams will be jockeying for seeding or trying to stay alive. Cleveland Browns DE Myles Garrett could set the single-season sack record against the Pittsburgh Steelers, who could clinch the AFC North crown … unless the Ravens do that for them by losing Saturday. Eagles-Bills and Bears-49ers look good on paper, the latter – which is the ‘Sunday Night Football’ offering – bound to have significant impact on who gets the NFC’s No. 1 seed, which comes with a first-round bye and home-field advantage.

Yet, believe it or not, the most important game of Week 17 might be the one in Sin City, where the Las Vegas Raiders will host the New York Giants – they share a league-worst 2-13 record – in the game that could determine who picks atop the 2026 draft.

The recently revitalized Atlanta Falcons host the LA Rams on Monday.

How does the docket unfold? USA TODAY Sports’ panel of NFL experts weighs in with their picks:

(Odds provided by BetMGM)

Week 17 picks, predictions, odds

  • Cowboys at Commanders
  • Lions at Vikings
  • Broncos at Chiefs
  • Texans at Chargers
  • Ravens at Packers
  • Seahawks at Panthers
  • Jaguars at Colts
  • Saints at Titans
  • Cardinals at Bengals
  • Steelers at Browns
  • Patriots at Jets
  • Buccaneers at Dolphins
  • Giants at Raiders
  • Eagles at Bills
  • Bears at 49ers
  • Rams at Falcons
This post appeared first on USA TODAY

Christmas came early for Atlanta-based real estate developer and avid golfer Michael Barnouin, who was recently gifted back his stolen cowhide wallet that he bought in Montana.

The culprit – a gull scavenger with white feathered arms, webbed feet and thin beak – often roamed in bunches near Pebble Beach Golf Links, a public golf course at Pebble Beach Resort in Monterey, California.

Barnouin, 30, was playing there for the first time earlier this year on Aug. 7 after finishing a residential renovation project in nearby Carmel.

‘One of my favorite things about taking trips down to Carmel is just throughout Monterey County, you have some of the best golf courses in the in the country,’ Barnouin said. ‘You’ve got Pebble Beach (Golf Links), you have Spyglass Hill, you’ve got Spanish Bay. I personally like Carmel Valley Ranch.’

Pebble Beach Golf Links also happens to be where basketball Hall of Famer Dwyane Wade hit his first-ever hole in one. Barnouin would’ve never considered any threat to his belongings, certainly not a herring gull seabird commonly referred to as a seagull.

‘I’m playing really well. I was having a great round. Hole 7 is the kind of famous par three, you know that Dwyane Wade hit that hole in one,’ Barnouin said. ‘Hole 8, it’s a it’s a long par 4 and you’ve got to kind of lay up and then you have this Bay that that you have to kind of smack it onto the green for your second shot over.’

Barnouin took his swing and got the ball over the water and eventually finished the hole. As he’s setting up for the ninth hole, people he’s playing with tell him that a seagull is in his cart.

Golf is a sport that requires concentration. Silence during one’s swing is a display of sportsmanship, so naturally Barnouin was ‘kind of frustrated’ when they were talking during his backswing.

‘I don’t care about the seagull in my golf cart,’ he said. ‘It can take whatever it wants.’

Little did he know that it was making off with his cowhide wallet.

‘When I turn around to go back to my cart, I notice a seagull is standing on the seat and it’s got something in its mouth. It was my wallet,’ said Barnouin. ‘And so stupidly I start to chase it and I’ve got my driver in my hand. I start to chase the seagull and it kind of goes down the fairway.’

He added: ‘I don’t think seagulls are that stupid either because this thing kept looking back at me as if I knew that I was chasing it and it knew that I wanted what was in its mouth.’

As the seagull had his wallet locked in its beak, flying around the bay, others quickly began to swarm it, assuming it was food. Seconds later, it was dropped.

Barnouin and other golf mates searched for the wallet, but cold temperatures near the water made them stop and finish the round of golf. Barnouin said he ‘played terrible the next two holes’ before getting it together. He searched the next day at low tide but to no avail, assuming the tides washed it away.

‘Welcome home wallet’

Barnouin never thought he would see his wallet again. He canceled his credit and debit cards.

Months later, he received some mail at one of his properties in Carmel from someone named Erik Bueno.

Bueno is a retired Southern California real estate agent who has spent the decade traveling. He said he owns a couple of rentals in Carmel, and when one of them is empty, he’ll go and stay a while.

‘This particular trip, I stayed six weeks and while I’m there I walk a lot and I go look for golf balls sometimes at low tide,’ Bueno said. ‘I would say I found his wallet maybe around the 20th of October then mailed it out.’

Bueno, 68, wrote a letter that read ‘I found your wallet with AMEX and VISA cards. No cash. Do you want me to mail or trash them?’ and signed off with his name and number.

‘He contacted me and then I took the wallet and a Ziploc bag of golf balls to his buddy’s house,’ Bueno told USA TODAY Sports.

‘I always walk a lot and I always look for golf balls for a couple of reasons. One, it’s great exercise,’ Bueno said. ‘Number two, I want to get the golf balls out of the ocean because it pollutes the ocean. The balls will rub and scratch, the fish will eat the plastic.’

He’ll also donate the balls to junior golf because he said that it’s ‘kind of expensive to play Pebble Beach.’

‘It’s an amazing golf course. So everyone that plays there, they’re usually playing with like excellent golf balls. So I tend to find a lot of Titleist Pro V ones. And then I donate them to junior golf and they love it.’

Bueno found 1,200 golf balls in three days, he said. He knows where to search because it’s the same spot many people get hung up at. The same eighth hole that Barnouin chased the seagull around before his wallet was dropped.

‘It’s the second shot on No. 8 that everybody dumps into the ocean and I didn’t find his ball, but I found his wallet right there on the ocean,’ Bueno said. ‘I think I had mailed the driver’s license and that’s one of the things I thought he wanted the most.’

Bueno certainly could understand where Barnouin was coming from because nearly 25 years ago the same experience happened to him.

‘I played Pebble Beach many times, but about 20 to 25 years ago I was playing with my dad and a seagull came down, took my wallet out of my golf cart,’ Bueno said. ‘But it dropped it right next to the cart. He didn’t fly away with it. My story was not as fun as Michael’s dumping in the ocean. But yeah, my wallet got snagged also.’

Barnouin was ‘absolutely ecstatic’ to get his wallet back and said he plans to play at Pebble Beach again, but next time he’ll be sticking to Apple Wallet, instead.

However, this is a core memory for Barnouin.

‘I don’t know if I birdied the hole eight, but I certainly parred because I remember I was not that upset going into the hole nine, but I did not think I’d get a seagull on hole nine,’ Barnouin said. ‘People are looking for albatross as birdies. I’m the only guy who’s ever gotten ‘seagull’ on Pebble Beach.’

This post appeared first on USA TODAY

(TheNewswire)

   

Vancouver, British Columbia / December 23, 2025 ‑ TheNewswire – Harvest Gold Corporation (TSXV: HVG,OTC:HVGDF) (‘Harvest Gold‘ or the ‘Company‘) is pleased to announce the completion of its maiden drill program on the northern and central areas of Mosseau, its flagship project in Quebec’s Abitibi Urban Barry belt, the home to Gold Field’s Windfall deposit. Further is a summary of the advancements made on Harvest Gold’s district scale land package in 2025.

Harvest Gold President and CEO, Rick Mark, states: ‘Looking back, it has been a very busy and successful year advancing our three property, district scale land package in the Quebec Urban Barry belt. We could not have done it without the ongoing support of our largest shareholder, Crescat Capital, who now owns approximately 19.9% of Harvest Gold, and all the other investors who participated in our three private placements this year. I also want to recognize Louis Martin, who has led our excellent geological team and managed the various exploration and drilling programs conducted in 2025. We are very much looking forward to 2026’.

MOSSEAU

Harvest Gold completed 21 diamond drill holes totaling 4,692 metres on the Mosseau property. Drilling targeted the northern and central areas of the property. Assay results for the northern drill holes have been received and have either been reported or are currently being compiled. Assay results from the central portion of the property are pending, with complete results from both areas expected in January.

Diamond drilling was carried out by Forage Rouillier Drilling of Amos. Drill supervision and core logging were completed by Explo-Logik, and drill core analyses were performed by AGAT Laboratories.

Additional work on Mosseau completed in 2025 included expanded magnetic coverage flown by Novatem over newly staked claims adjoining the Mosseau Property and a second phase of prospecting and a soil sampling program by IOS.

URBAN BARRY

A regional, property-wide reconnaissance till sampling program was completed by IOS in 2025. Results are pending and are expected in January 2026.

LaBELLE

A property wide high-resolution airborne magnetic survey flown by Novatem was completed over the Labelle property. This survey confirmed the extension of the Kiask River Corridor across the property. A prospecting and soil survey was also completed over the western part of the property. Results are pending and are expected in January 2026.

FINANCING

In 2025, the Company raised a total of $3,429,299.89 in three non-brokered private placements to fund exploration activities on its three properties in Quebec’s Urban Barry belt.

About Harvest Gold Corporation

Harvest Gold is focused on exploring for near-surface gold deposits and copper-gold porphyry deposits in politically stable mining jurisdictions. Harvest Gold’s board of directors, management team and technical advisors have collective geological and financing experience exceeding 400 years.

Harvest Gold has three active gold projects focused in the Urban Barry area, totalling 377 claims covering 20,016.87 ha, located approximately 45-70 km west of Gold Fields Limited’s – Windfall Deposit.

Harvest Gold acknowledges that the Mosseau Gold Project straddles the Eeyou Istchee-James Bay and Abitibi territories.  Harvest Gold is committed to developing positive and mutually beneficial relationships based on respect and transparency with local Indigenous communities.

Harvest Gold’s three properties, Mosseau, Urban-Barry and LaBelle, together cover over 50 km of favorable strike along mineralized shear zones.

Qualified Person Statement

All scientific and technical information in this news release has been prepared and approved by Louis Martin, P.Geo., Technical Advisor to the Company and considered a Qualified Person for the purposes of NI 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS

Rick Mark
President and CEO
Harvest Gold Corporation

For more information please contact:

Rick Mark or Jan Urata
@ 604.737.2303 or
info@harvestgoldcorp.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward Looking Information

This news release includes certain statements that may be deemed ‘forward looking statements’. All statements in this news release, other than statements of historical facts, that address events or developments that Harvest Gold expects to occur, are forward looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words ‘expects’, ‘plans’, ‘anticipates’, ‘believes’, ‘intends’, ‘estimates’, ‘projects’, ‘potential’ and similar expressions, or that events or conditions ‘will’, ‘would’, ‘may’, ‘could’ or ‘should’ occur.

Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Copyright (c) 2025 TheNewswire – All rights reserved.

News Provided by TheNewsWire via QuoteMedia

This post appeared first on investingnews.com

Gold marked a new price milestone on Tuesday (December 23), continuing its record-breaking 2025 run.

The spot price rose as high as US$4,511.83 per ounce, hitting that point at 4:04 p.m. PST.

Gold spot price chart, December 16 to 23, 2025.

The yellow metal’s latest rise caps off what’s been a historic year.

After starting 2025 around US$2,640, gold had risen to the US$3,200 level by April. It stayed within a fairly flat range until the end of August, when it launched higher once again, breaking US$4,300 in mid-October.

Gold took a breather following that move, even falling briefly below US$4,000; however, its retracement was neither as steep nor as long as market watchers expected. It began gaining steam again in mid-November, and took off again in earnest this week, powering higher along with its sister metal silver, which is currently over US$71 per ounce.

Both metals benefit from geopolitical tensions and economic uncertainty, which have been present on a global scale throughout the year. Interest rate cuts from the US Federal Reserve have provided support too, as have expectations of easier monetary policy after Fed Chair Jerome Powell’s term ends next year.

Gold also continues to benefit from strong central bank buying, while silver’s industrial side is attracting attention. Although it is valued as an investment metal, it’s key for technology such as solar panels.

Elsewhere in the precious metals space, platinum rose to a fresh record on Tuesday, reaching US$2,355.83 per ounce. Palladium remains below its top price level, but is elevated at around US$1,895 per ounce.

Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Lobo Tiggre, CEO of IndependentSpeculator.com, described uranium’s key role in providing baseload energy, a narrative that is only being heightened by added artificial intelligence data center and electric vehicle (EV) demand projections.

“The use case is baseload power. There’s no substitution, and the world is building like gangbusters,” he explained. “If the EV story completely went away, it wouldn’t undo the thesis for uranium, It would remove a tailwind, not the base story.”

Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

Sun Summit Minerals Corp. (TSXV: SMN,OTC:SMREF) (OTCQB: SMREF) (‘Sun Summit’ or the ‘Company’) is pleased to announce that it has closed its non-brokered private placement (the ‘Private Placement’) previously announced in the Company’s press releases on December 9, 2025 and December 12, 2025, through the issuance of (i) 67,857,143 charity flow-through common shares in the capital of the Company (each, a ‘Charity FT Share’) at a price of $0.14 per Charity FT Share; and (ii) 20,000,000 non-flow-through common shares in the capital of the Company (each, an ‘NFT Shares’) at a price of $0.10 per NFT Share, for aggregate gross proceeds to the Company of $11,500,000.

The Charity FT Shares qualify as a flow-through share within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the ‘Tax Act‘).

The Company intends to use the gross proceeds of the Private Placement for exploration of the Company’s JD, Theory and Buck properties and any other Canadian properties that the Company may acquire, and for general working capital purposes, provided that the Company will use an amount equal to the gross proceeds received by the Company from the sale of the Charity FT Shares to incur eligible ‘Canadian exploration expenses’ that will qualify as ‘flow-through mining expenditures’ as such terms are defined in the Tax Act.

In connection with the Private Placement, the Company paid aggregate cash finder’s fees of $303,380 and granted an aggregate of 2,944,400 non-transferable finder warrants of the Company (each, a ‘Finder Warrant‘) to arm’s length finders of the Company in connection with the Private Placement. Each Finder Warrant entitles the holder thereof to purchase one Common Share of the Company, at an exercise price of $0.14 per share until December 23, 2027.

The Private Placement is subject to the final approval of the TSX Venture Exchange (the ‘TSXV‘). The securities issued in the Private Placement are subject to a hold period expiring on April 24, 2025, in accordance with applicable securities laws.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements thereunder.

Options Issuance

The Company also announces that it has, subject to approval of the TSXV, granted an aggregate of 9,000,000 stock options of the Company (the ‘Options‘) to certain employees, directors and advisors of the Company, in accordance with the rules of the TSXV and the Company’s stock option plan. Each Option entitles the holder thereof to acquire one common share in the capital of the Company (each, a ‘Common Share‘) at an exercise price of $0.15 per Common Share until December 23, 2030.

About Sun Summit

Sun Summit Minerals (TSXV: SMN,OTC:SMREF) (OTCQB: SMREF) is a mineral exploration company focused on the discovery and advancement of district scale gold and copper assets in British Columbia. The Company’s diverse portfolio includes the JD and Theory Projects in the Toodoggone region of north-central B.C., and the Buck Project in central B.C.

Further details are available at www.sunsummitminerals.com.

On behalf of the board of directors

Niel Marotta
Chief Executive Officer & Director
info@sunsummitminerals.com

For further information, contact:

Matthew Benedetto, Simone Capital
mbenedetto@simonecapital.ca
Tel. 416-817-1226

Forward-Looking Information

Statements contained in this news release that are not historical facts may be forward-looking statements, which involve risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. In addition, the forward-looking statements require management to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate, that the management’s assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements. Generally forward-looking statements can be identified by the use of terminology such as ‘anticipate’, ‘will’, ‘expect’, ‘may’, ‘continue’, ‘could’, ‘estimate’, ‘forecast’, ‘plan’, ‘potential’ and similar expressions. Forward-looking statements contained in this press release may include, but are not limited to, use of proceeds of the Private Placement; the size and scope of the drill program at the JD property; the Company’s exploration plans and forecasts; and obtaining regulatory approval for the Private Placement, the grant of Options and exploration plans of the Company. These forward-looking statements are based on a number of assumptions which may prove to be incorrect which, without limiting the generality of the following, include: the state of the equity financing markets in Canada and other jurisdictions; the receipt of regulatory approval; the Company’s ability to complete the drill program as currently contemplated; risks inherent in exploration activities; volatility and sensitivity to market prices; volatility and sensitivity to capital market fluctuations; and fluctuations in metal prices. The forward-looking statements contained in this press release are made as of the date hereof or the dates specifically referenced in this press release, where applicable. Except as required by applicable securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278984

News Provided by Newsfile via QuoteMedia

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Artificial intelligence (AI) has cemented its role as a key sector for investors, but its path forward is shifting.

Several catalysts, including sustained AI infrastructure spending and US Federal Reserve interest rate cuts, are poised to drive tech sector growth in 2026; however, massive capital expenditure digestion by hyperscalers, alongside increasing demands for a return on investment and persistent power supply limitations, are influencing a rotation in focus, with risks like high valuations and policy uncertainty potentially capping AI industry gains.

Overall, experts are calling for the technology sector to navigate a delicate balance between aggressive expansion and necessary financial discipline in 2026, with AI at the heart of these matters.

Capex digestion and AI verticalization

AI capital expenditures by hyperscalers are projected to fuel demand for semiconductors, data centers and related infrastructure in the year head, as per Nicholas Mersch, portfolio manager at Purpose Investments.

According to notes from multiple analysts, the Big Four — Meta Platforms (NASDAQ:META), Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOGL) and Amazon (NASDAQ:AMZN) — are slated to spend over US$300 billion on AI infrastructure. Mersch cited forecasts that see hyperscaler capex hitting roughly US$600 billion in 2026.

“Over the next 12 to 24 months, the narrative likely shifts from who can build fastest to who can drive the highest revenue and margin per dollar of AI infrastructure,’ Mersch added. “This is where verticalization matters. The companies that can capture the full stack, from silicon to applications, look like they will win.’

His top pick in this arena is Google, followed by Microsoft.

While the cloud layer remains a high-stakes game of concentration among a few platforms, Mersch said the hardware layer underneath is beginning to fragment as the chip stack quietly diversifies.

“Large multi-year AI chip deals are broadening the market beyond NVIDIA (NASDAQ:NVDA), with Advanced Micro Devices (NASDAQ:AMD) and custom application-specific integrated circuit (ASIC) programs winning meaningful share. High-bandwidth memory (HBM) has become the real bottleneck and profit pool, with tri-sourced HBM3E, an emerging HBM4 race and surging HBM demand from ASICs,’ the expert said.

‘The result is a more plural, multi-vendor accelerator ecosystem. Looking out to the second half of the decade, total AI silicon spend can keep growing even if individual GPU vendors see more competition and pricing pressure, with memory, packaging and custom silicon capturing a larger share of the economics.’

Chip diversification, however, is now colliding with HBM and packaging shortages, constraining output from 2026 to 2027. BMI’s Cedric Chehab notes that rapid capex growth is outpacing supply, ruling out near-term oversupply, but warns of volatility if data center investments fail to deliver profitability amid persistent infrastructure shortages.

Power as a binding constraint for AI

Power limits are a specter looming above AI expansion heading into 2026.

“Individual campuses are pushing past 1 gigawatt, utilities in key regions are scrambling to add generation and transmission and Big Tech is signing multi-gigawatt nuclear and long-term power deals, including restarts of previously shuttered plants,” explained Mersch. US data center demand is now poised to triple by 2030, thrusting utilities, nuclear operators and grid infrastructure into prime investment orbits.

“Even Google has acknowledged that serving capacity needs to double roughly every six months,” he added.

Alphabet, the parent company of Google, and other hyperscalers became active infrastructure developers in 2025, inking high-profile strategic deals designed to secure 24/7 — and carbon-free — energy for AI data centers.

Google’s deal with Elementl Power in May to provide capital to develop three advanced nuclear sites in the US represents a shift toward nuclear energy that is perhaps the most significant structural change in the AI landscape today, further extending the verticalization narrative into the power grid itself.

The shift toward energy-backed AI is being institutionalized at the highest levels of finance. In late 2025, JPMorgan Chase (NYSE:JPM) launched its US$1.5 trillion Security and Resiliency Initiative, a decade-long plan specifically targeting the intersection of AI, grid infrastructure and nuclear energy.

By earmarking US$10 billion in direct equity for US firms, the initiative effectively underwrites the full-stack transition.

Are AI stocks in a bubble?

The path for AI is moving from building technology to proving its value. While many experts remain optimistic, the transition from deployment to execution introduces new risks that could define the industry’s next winners and losers.

As organizations fully embed AI into their core workflows, the operational stakes are shifting. Infrastructure strategies are diversifying as security-conscious businesses seek more control over their high-value AI workloads.

Simultaneously, the rise of agentic AI, which automates full workflows, combined with cost and complexity issues on major hyperscalers, will lead to a trend of cloud repatriation toward regional and bare-metal platforms.

Despite concerns over a potential bubble, the industry will continue to receive massive institutional backing. B2BROKER’s John Murillo rejects the idea of an AI bubble, comparing OpenAI to Edison’s plants amid giants’ resilience.

‘In the case of dot-coms, everyone was investing just to invest; it didn’t matter what exactly to choose and some of the projects didn’t have a solid foundation. With AI, it’s not like this. The technology proves its worthiness every day, and it has already swept away many junior analysts,’ Murillo emphasized.

Nevertheless, high AI valuations risk corrections if adoption disappoints or energy constraints emerge.

The success of the current capex cycle will depend on whether these investments translate into measurable operating leverage and cost savings through the back half of the decade.

“The bubble scenario is very unlikely,” Murillo added. “I think in the current economic situation, there are problems much worse than a potential bubble.”

For example, geopolitical tensions, sticky inflation and US midterm elections could spark volatility, prompting sector rotations away from overvalued mega caps.

Investor takeaway

The investment focus in AI is shifting from the initial narrative to tangible execution and quantifiable profitability. While the challenges of elevated valuations and geopolitical instability persist, some experts dismiss comparisons to a technology bubble, arguing the sector’s demonstrated value offers a stable underpinning.

Future leaders in the AI industry will be distinguished by their capacity to convert infrastructure spending into significant operating leverage and cost efficiencies.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

  • A letter allegedly from Jeffrey Epstein to Larry Nassar was included in a recent Justice Department document release.
  • The letter’s authenticity is questionable as it was postmarked in Virginia three days after Epstein’s death in New York.
  • Both Epstein and Nassar were convicted of sex crimes involving young women and girls.

(This story has been updated to include new information that the FBI is calling the letter a fake.)

The FBI is calling a letter alleged to be from Jeffrey Epstein to disgraced former USA Gymnastics team doctor Larry Nassar a fake.

The letter was among the more than 29,000 documents released by the Justice Department on Tuesday, Dec. 23.

Nassar was sentenced in 2018 to 40 to 175 years in prison after pleading guilty to seven counts of first-degree criminal sexual conduct for assaulting the young athletes he treated while working for both USA Gymnastics and Michigan State University. He was sentenced to 40 years to 125 years in another Michigan county, plus 60 years on federal child pornography charges.

The Department of Justice initially said it was investigating the authenticity of the handwritten letter. Later it put out a statement that the FBI was calling the letter a fake. Among the reasons:

  • The writing does not appear to match Jeffrey Epstein’s.
  • The letter was postmarked three days after Epstein’s death out of Northern Virginia, when he was jailed in New York.
  • The return address did not list the jail where Epstein was held and did not include his inmate number, which is required for outgoing mail.

The latest batch of material from the Justice Department’s Epstein investigation included dozens of video clips and other documents with many redactions. The Justice Department said on social media that documents include ‘untrue and sensationalist claims’ against President Donald Trump before the 2020 election.

‘To be clear: the claims are unfounded and false, and if they had a shred of credibility, they certainly would have been weaponized against President Trump already,’ the Department of Justice added in a statement about Tuesday’s document release. ‘Nevertheless, out of our commitment to the law and transparency, the DOJ is releasing these documents with the legally required protections for Epstein’s victims.’

The president has not been accused of any wrongdoing in relation to Epstein, a wealthy and well-connected financier who was charged with sex trafficking.

More than 150 women shared their experiences of abuse as part of an award-winning Indy Star/USA TODAY Network investigation series related to how Nassar assaulted the athletes he treated for both USA Gymnastics and Michigan State University. Nassar was convicted of abusing gymnasts under the premise of giving them medical exams. Nassar’s accusers included Olympic gold medal winners such as Simone Biles, Gabby Douglas, Jordyn Wieber, McKayla Maroney and Aly Raisman.

Epstein was charged by federal authorities with operating a sex-trafficking ring that preyed on young women and underage girls before he died in 2019.

This post appeared first on USA TODAY

The College Football Playoff’s first round served two competitive games and two blowouts. The reaction to that: Many fans and media types are demanding a change to the playoff bracket format.

Is that an overreaction to two lopsided games, or a worthy response? Let’s remember, last year’s playoff served up four first-round duds.

So, at least this year provided an upgrade. That doesn’t mean it’s perfect.

On this edition of ‘SEC Football Unfiltered,’ a podcast from the USA TODAY Network, hosts Blake Toppmeyer and Matt Hayes weigh in on the big CFP debate — just how badly does this format require revision?

Is this CFP format worth saving?

TOPPMEYER: We must face this reality: There’s no escaping blowouts. We had blowouts in the Bowl Championship Series era. We had them in the four-team playoff era, and now in the 12-team installment. You can’t pin it all on the Group of Five, either. Even the bluest of blue bloods have gotten blown out of a playoff game.

Tinkering with the CFP format is worth considering, but that won’t change the playoff’s unfixable problem: It’s not the regular season. That’s a bug that cannot be solved.

The playoff cannot match the splendor of 50 games occurring on a fall Saturday. The season peaks in November. The playoff format can be improved, but it still won’t trump Thanksgiving rivalry week.

This playoff is what it is. What it is, is this: better than the four-team playoff but inferior to the regular season.

HAYES: Fixing the CFP bracket format isn’t hard. Here’s what you do. First, get rid of participation ribbons.

Decide your number — 12 or 16 teams, I don’t much care — and then pick the best teams, period. No charity cases. If the Group of Five produces a team that proved itself worthy of selection (see 2024 Boise State), then, by all means, it should be included in the bracket. But, we don’t need guaranteed spots for any conference.

You know what else we don’t need? Athletic directors involved in the selection process. Fire the ADs off the CFP selection committee. What business do they have choosing the playoff field? Have a combination of former coaches and media members select the field.

No automatic bids. All at-large bids. Play your way in.

Imagine if Notre Dame and Texas had been in this playoff bracket instead of Tulane and James Madison. Right there, that’s how you improve the playoff.

Not so hard, is it?

TOPPMEYER: I’m open-minded to this idea of ditching automatic bids. I’m also open to 16 teams, although I prefer sticking at 12.

The idea I like best: Get the ADs off the selection committee. Their inclusion inserts bias, or at least the illusion of bias. Plus, nobody should be juggling a coaching search and selecting a playoff field at the same time.

Later in the episode

∎ The hosts preview the quarterfinals. They examine Miami’s potential to upset Ohio State and debate whether Alabama is for real or not.

CFP quarterfinals picks against the spread!

Hayes pinch-hit for cohost John Adams on this week’s podcast episode, but Adams is still submitting his CFP picks as he tries to maintain his lead.

Toppmeyer’s CFP picks (picks in bold):

Miami vs. Ohio State (-9.5)

∎ Oregon (-1.5) vs. Texas Tech

∎ Alabama vs. Indiana (-7)

Mississippi vs. Georgia (-7)

Season record: 39-40 (2-2 last week)

Adams’ CFP picks (picks in bold):

Miami vs. Ohio State (-9.5)

∎ Oregon (-1.5) vs. Texas Tech

∎ Alabama vs. Indiana (-7)

∎ Mississippi vs. Georgia (-7)

Season record: 42-37 (1-3 last week)

Where to listen to SEC Football Unfiltered

  • Apple
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Blake Toppmeyer is the USA TODAY Network’s national college football columnist. John Adams is the senior sports columnist for the Knoxville News Sentinel. Subscribe to the SEC Football Unfiltered podcast, and check out the SEC Unfiltered newsletter, delivered straight to your inbox

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