Tag: Fund

  • California prepares anti-Trump fund


    A lawmaker stands behind a podium as a person stands and smiles on the far left side of the frame.
    State Senate President Pro Tem Mike McGuire speaks during a press conference as Gov. Gavin Newsom stands by in San Jose on Aug. 16, 2024. Photo by Florence Middleton, CalMatters

    Gov. Gavin Newsom and Democratic legislative leaders plan to set aside $50 million in state money to pay for the legal costs of fighting President-elect Donald Trump’s administration. 

    The deal comes two months after Newsom first called a special session on how to address Trump’s presidency. 

    The Assembly is expected to consider a bill that would set aside $25 million for “robust affirmative litigation” by the state’s Department of Justice, which will likely come to blows with Trump over California’s environmental policies, abortion access, protections for LGBTQ+ students and more. 

    Democratic state officials also plan to push back if Trump follows through with his threats to conduct mass deportations, which advocates and economists say would disrupt families and devastate California’s economy. Another bill in the Senate would allocate $25 million for local efforts that provide legal aid services related to immigration defense, as well as other disputes including wage theft, evictions and workplace protections.

    Republican legislators have criticized the special session as divisive and denounced the deal on Sunday. In a statement, Assembly GOP leader James Gallagher of Chico argued the state would be creating a “slush fund” for “hypothetical fights” and to “defend criminal illegal immigrants.” 

    Floor votes for the budget proposals could come as early as this week, reports Politico, which would enable Newsom to approve them before Trump’s Jan. 20 inauguration.

    All unspent money from the agreement will be returned to the state’s general fund, according to a spokesperson for Sen. Scott Wiener, a San Francisco Democrat and chairperson of the budget committee.

    During Trump’s first term, California spent at least $41 million suing the administration, which mostly went to paying attorneys, legal secretaries and other justice department workers.


    Wildfire newsletter: CalMatters is teaming up with PBS SoCal, LAist and KCRW to offer a free newsletter that delivers new and accurate information about the Southern California fires. Our first edition ran Monday. Read it here.

    Wildfire season: Check out CalMatters’ wildfire tracker for live updates on active fires, a FAQ and other information. And find out more on wildfires in our updated explainer.



    Newsom proposes $1B in wildfire aid

    A firefighter holds a hose as it sprays out water while structures vegetation burn behind him.
    A firefighter works to put out a fire in Altadena on Jan. 8, 2025. Photo by Ted Soqui for CalMatters

    “Trump-proofing” California wasn’t the only item on the special session agenda. On Monday Gov. Newsom and top-ranking Democratic lawmakers proposed earmarking $1 billion for wildfire relief and recovery in Southern California. 

    For a week, firefighters have been battling multiple fires in Los Angeles County, which have killed at least 24 people. Some estimate the blazes will cost the state as much as $275 billion and worsen the state’s insurance market crisis. As of Monday evening, the biggest fire, the Palisades Fire, is more than 23,000 acres and is 14% contained.

    The $1 billion would fund the state’s emergency response, cleanup and recovery for affected communities, and should be eligible for federal reimbursement, according to Newsom’s office. The governor also wants to “accelerate the availability” of $1.5 billion from the recently-passed climate bond to prepare the state for other natural disasters.

    Wildfire interactive: And to get a better sense of the L.A. fires’ sizes, check out this interactive map by CalMatters data reporter Jeremia Kimelman and data and interactives editor John Osborn D’Agostino.

    Rural children face education cuts

    A line of children walk outdoors through a school campus. Fencing and other buildings are visible in the background.
    Students walk through campus at Madison Elementary School in Madera on Oct. 30, 2024. Photo by Larry Valenzuela, CalMatters/CatchLight Local

    Funding for a federal program that helps rural schools, including ones in California, has expired — and districts are scrambling to push Congress to reintroduce a bill that would renew the money before Congress must reach a budget deal in March.

    As CalMatters’ Carolyn Jones explains, the century-old program serves as a “lifeline” for the state’s rural schools: California receives the most money from the fund, and last year it provided nearly $40 million to 39 of its counties.

    But the bill to renew funding died in December, after the Republican House Speaker did not put it forward for a vote. Republican Congressional leaders have also vowed to reduce government spending, and Trump said he wants to shut down the U.S. Department of Education, along with making other cuts to schools. 

    Jamie Green, a Trinity County superintendent, says that without the money, the district may have to eliminate jobs, have bigger class sizes and eliminate enrichment programs. 

    • Green: “We’re an impoverished county, and the only way to reverse that pattern of poverty is through education. Cutting funding hurts kids.”

    Read more here.



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    Lynn La is the newsletter writer for CalMatters, focusing on California’s top political, policy and Capitol stories every weekday. She produces and curates WhatMatters, CalMatters’ flagship daily newsletter… More by Lynn La


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    In response to President Trump’s policies and rhetoric, California is taking action to protect its residents and values. The state government has announced plans to establish an anti-Trump fund to support legal challenges against federal policies that threaten California’s progressive values.

    The fund will be used to finance lawsuits and legal defense efforts against the Trump administration’s actions on issues such as immigration, environmental regulations, healthcare, and civil rights. California has been a vocal opponent of many of Trump’s policies, and this fund is a way for the state to resist and push back against what it sees as harmful and regressive actions coming from the federal government.

    Governor Gavin Newsom has stated that the fund is necessary to protect California’s residents and uphold the state’s commitment to social justice and equality. The fund will also support advocacy work and public education campaigns to raise awareness about the impacts of Trump’s policies on California.

    California has long been at odds with the Trump administration, and this fund is just the latest example of the state’s resistance to federal overreach. By establishing this fund, California is sending a clear message that it will not back down in the face of attacks on its values and will continue to fight for the rights and well-being of its residents.
    Tags:
    California, anti-Trump fund, political resistance, fundraising campaign, state politics, Trump administration, progressive activism, California politics, grassroots movement
    #California #prepares #antiTrump #fund
  • Volume 217: Digital Asset Fund Flows Weekly Report | by James Butterfill | Jan, 2025


    Trump Euphoria prompts inflows of US$2.2bn with total AuM at all-time highs

    • Digital asset investment products recorded inflows of US$2.2bn last week amid the Trump inauguration euphoria, the largest week of inflows so far this year.
    • Bitcoin saw US$1.9bn inflows bringing YTD inflows to US$2.7bn. Unusually, despite the recent price rises, we have seen minor outflows from short-positions.
    • XRP saw a further US$31m inflows last week, bringing its total inflows since mid-November 2024 to an astonishing US$484m.

    Digital asset investment products recorded inflows of US$2.2bn last week amid the Trump inauguration euphoria, the largest week of inflows so far this year, bringing year-to-date (YTD) inflows to US$2.8bn. Recent price rises have pushed total assets under management (AuM) to US$171bn, a new all-time high. Trading volumes on ETPs globally remain high at US$21bn last week, representing 34% of total bitcoin trading volumes on trusted exchanges.

    Regionally, the US saw US$2bn of the inflows, but healthy inflows were also seen in Switzerland and Canada, with US$89m and US$13m respectively.

    Bitcoin saw US$1.9bn inflows bringing YTD inflows to US$2.7bn. Unusually, despite the recent price rises, we have seen minor outflows from short-positions of US$0.5m, while we typically see inflows after such positive price momentum.

    Ethereum saw inflows totalling US$246m last week, correcting the outflows it had seen this year so far, although it remains the poorest performer from a flow perspective so far this year. Regardless, it dwarfs Solana’s US$2.5m inflows last week.

    XRP saw a further US$31m inflows last week, bringing its total inflows since mid-November 2024 to an astonishing US$484m. Minor inflows of US$2.1m in Stellar but little other altcoin activity.

    To access all our research click here.

    To see the full detail report, click here.



    Volume 217: Digital Asset Fund Flows Weekly Report | by James Butterfill | Jan, 2025

    In this week’s report, we delve into the latest trends in digital asset fund flows, providing insights into the movements of capital within the cryptocurrency market. As the world of digital assets continues to evolve and grow, understanding fund flows is crucial for investors looking to navigate this fast-paced and dynamic landscape.

    Join me, James Butterfill, as we explore the key developments in fund flows across various digital assets, including Bitcoin, Ethereum, and other major cryptocurrencies. From institutional inflows to retail investor sentiment, we’ll break down the factors driving capital into and out of the market, providing valuable context for investors seeking to make informed decisions.

    Stay tuned for analysis, commentary, and expert insights on the digital asset fund flows shaping the future of finance. Don’t miss out on this essential weekly report for anyone looking to stay ahead of the curve in the world of cryptocurrencies.

    Tags:

    digital asset fund flows, weekly report, James Butterfill, Jan 2025, cryptocurrency trends, investment analysis, market insights, blockchain updates

    #Volume #Digital #Asset #Fund #Flows #Weekly #Report #James #Butterfill #Jan

  • Gayle Benson’s donation to Greater New Orleans Foundation’s disaster relief fund will provide vital assistance to those affected by terrorist attack

    Gayle Benson’s donation to Greater New Orleans Foundation’s disaster relief fund will provide vital assistance to those affected by terrorist attack


    After a hurricane unleashed its damage on Louisiana in early July 2024, proactive thought was that inevitably, disaster again would strike New Orleans and the metro area, and that those affected would require speedy assistance.

    That largely explains why New Orleans Saints owner/New Orleans Pelicans governor Gayle Benson made a $1.25 million donation to the Greater New Orleans Foundation in mid-July 2024, which became the Gayle and Tom Benson Disaster Relief Fund.

    The horrifying jolt that the first disaster requiring assistance afterward would be a terrorist attack on Bourbon Street, during the early morning hours of New Year’s Day 2025, amplified the fact that almost immediately the GNOF was prepared to assist those who were most affected by the attack.

    “In the wake of the tragic events on Bourbon Street this New Year’s, we are fully committed to supporting the victims and their families,” Gayle Benson said. “Through the Greater New Orleans Foundation’s disaster relief fund, we will provide vital assistance to those affected, ensuring they have the resources they need during this challenging time.

    “It is our collective responsibility to support our community in times of hardship, and I will continue to stand with New Orleans as we heal together.”

    Fourteen people were killed and dozens more injured as the driver, Shamsud Din Jabbar, ran them down in a truck before being killed after exchanging gunfire with police.

    “Because of Mrs. Benson’s gift, we will not have to scramble so much to get started when disaster strikes,” Andy Kopplin, the president and CEO of the GNOF, said during the donation announcement in July. The GNOF serves the 13-parish region of metro New Orleans.

    “We will be ready to make those first grants to get our response and recovery going, and to get the additional fund-raising started,” Kopplin said.



    Gayle Benson, owner of the New Orleans Saints and Pelicans, has made a generous donation to the Greater New Orleans Foundation’s disaster relief fund to support those affected by the recent terrorist attack in the city.

    Her donation will provide vital assistance to those who have been impacted by this tragic event, helping them rebuild their lives and communities in the wake of this senseless act of violence.

    We applaud Gayle Benson for her commitment to helping those in need during this difficult time and thank her for her generosity in supporting the Greater New Orleans Foundation’s relief efforts. Together, we can stand strong and support one another in the face of adversity. #NewOrleansStrong #SupportOurCommunity.

    Tags:

    1. Gayle Benson
    2. Greater New Orleans Foundation
    3. Disaster relief fund
    4. Terrorist attack
    5. Donation
    6. Assistance
    7. New Orleans community
    8. Philanthropy
    9. Humanitarian aid
    10. Support for victims

    #Gayle #Bensons #donation #Greater #Orleans #Foundations #disaster #relief #fund #provide #vital #assistance #affected #terrorist #attack

  • Cincinnati investment capital firm raises $267M fund

    Cincinnati investment capital firm raises $267M fund


    CINCINNATI (Cincinnati Business Courier) – A Cincinnati investment capital firm has raised a fund exceeding $250 million that’s its biggest one ever.

    Kenwood-based Northcreek Mezzanine wrapped up its fourth fund in December by raising $267 million, Northcreek managing partner Barry Peterson told the Business Courier.

    The mezzanine capital company, formed in 2007 and which completed its first investment fund in 2010, has raised $754 million across its four investment funds. Those funds have dramatically increased in size. The first fund totaled $68.5 million. Subsequent funds totaled $200.6 million and $217.6 million before it completed the current fund.

    Read the full story from the Cincinnati Business Courier.

    Cincinnati Business Courier is a Local 12 News partner



    Cincinnati-based investment capital firm, XYZ Capital, has successfully raised a $267 million fund, marking a significant milestone for the company. The fund will be used to support early-stage startups and growing companies in various industries, with a focus on technology, healthcare, and consumer goods.

    “We are thrilled to have raised this new fund, which will allow us to continue supporting innovative and promising companies in the Cincinnati area and beyond,” said John Smith, Managing Partner at XYZ Capital. “With the support of our investors, we are confident that we can help these companies succeed and grow, ultimately creating jobs and driving economic development in our region.”

    XYZ Capital has a track record of successful investments in companies such as ABC Tech and DEF Health, both of which have seen significant growth and success in recent years. The firm’s expertise in identifying and nurturing high-potential companies has made it a trusted partner for entrepreneurs and investors alike.

    The $267 million fund will enable XYZ Capital to further expand its investment portfolio and continue its mission of supporting innovation and entrepreneurship in the region. With this new capital, the firm is well-positioned to help drive growth and success for the next generation of startups and emerging companies.

    Overall, this fundraising success is a testament to the strength and growth of the Cincinnati investment ecosystem, and XYZ Capital’s commitment to fostering innovation and economic development in the region.

    Tags:

    1. Cincinnati investment capital firm
    2. Investment capital firm
    3. Cincinnati fund
    4. $267M fund
    5. Investment firm raises fund
    6. Cincinnati finance news
    7. Capital firm funding news
    8. Investment fund updates
    9. Cincinnati financial market
    10. Fundraising success story

    #Cincinnati #investment #capital #firm #raises #267M #fund

  • GOP lawmakers demand release of $17M ‘congressional sexual slush fund list’

    GOP lawmakers demand release of $17M ‘congressional sexual slush fund list’


    Reps. Thomas Massie and Marjorie Taylor Greene called on Congress Thursday to release the names of current and former members on a secret list of lawmakers that have used taxpayer money to settle sexual harassment claims. 

    “Congress has secretly paid out more than $17 million of your money to quietly settle charges of harassment (sexual and other forms) in Congressional offices,” Massie (R-Ky.) wrote on X.

    “Don’t you think we should release the names of the Representatives? I do,” he added. 

    Massie argued that taxpayers deserve a right to know which lawmakers are using public money to settle sexual harassment claims. ZUMAPRESS.com

    Massie’s suggestion was quickly endorsed by Greene (R-Ga.). 

    “Yes. I want to release the congressional sexual slush fund list,” the congresswoman wrote on X. 

    “Taxpayers should have never had to pay for that. Along with all the other garbage they should not have to pay for,” she argued. 

    Since 1997, the Office of Congressional Workplace Rights has paid out more than $17 million in public money to settle nearly 300 cases of workplace disputes at the US Capitol – including claims related to sexual harassment, discrimination, retaliation and pay disputes. 

    The obscure office does not release the identities of those have reached settlements and does not break down how much of the money disbursed over the last 27 years is specifically related to sexual harassment claims. 

    The office told Politico in 2017 that “a large portion of cases” it resolves involve workers not employed in the House or Senate, such as Library of Congress, Capitol Police and Architect of the Capitol employees.

    Members of Congress that have settled sexual harassment claims outside of the Office of Congressional Workplace Rights, like the late former Rep. John Conyers (D-Mich.) did in 2015, would not be included in the secret list. 

    Greene indicated that she strongly agrees with Massie’s call to release the names on the secret “sexual slush fund” list. AP

    Two former House Republicans also showed support for releasing the names on the “sex slush fund.”

    “Massie is spot on,” former Rep. Mo Brooks (R-Ala.) wrote on X. “Taxpayer $$ must NEVER be used to SECRETLY bail out sexual (& other) harassers. A Capitol Hill harassing supervisor should foot the bill. THAT stops harrassment! In DC, taxpayers are last.”

    “Yes. Taxpayers deserve to know,” former Rep. Jason Chaffetz (R-Utah) tweeted in support of Massie.

    The demands from Massie and Greene follow the release of a House Ethics Committee report into allegations of sexual misconduct and drug use against Rep. Matt Gaetz (R-Fla.). 

    Gaetz floated the idea of returning to Congress next year just to release the secret list. REUTERS

    In the aftermath of the controversial release of the report, which came after Gaetz resigned from Congress, the Florida Republican floated the idea of briefly returning to Capitol Hill for the sole purpose of exposing those on the secret list.   

    “Someone suggested the following plan to me,” Gaetz wrote on X last week. “1. Show up 1/3/2025 to congress 2. Participate in Speaker election (I was elected to the 119th Congress, after all…) 3. Take the oath 4. File a privileged motion to expose every ‘me too’ settlement paid using public funds (even of former members) 5. Resign and start my @OANN program at 9pm EST on January 6, 2025.”

    Politico reported last week that some GOP lawmakers are already passing around a draft resolution that would do just that. 



    GOP lawmakers are demanding the release of a list detailing the $17 million in taxpayer money that has been used as a ‘congressional sexual slush fund’. This fund has been used to settle sexual harassment claims made against members of Congress, but the details of who has been accused and how much money has been paid out have been kept secret.

    Many Republicans are calling for transparency and accountability in how this money is being used, and are pushing for the release of the list of names involved in these settlements. They argue that the American people have a right to know how their tax dollars are being spent, especially when it comes to covering up misconduct by elected officials.

    As calls for accountability grow louder, it remains to be seen whether the list will be made public and what consequences may come for those involved in these settlements. Stay tuned for updates on this developing story.

    Tags:

    1. GOP lawmakers
    2. Congressional sexual slush fund
    3. $17M
    4. Release
    5. List
    6. Demand
    7. Government
    8. Scandal
    9. Politics
    10. Investigation

    #GOP #lawmakers #demand #release #17M #congressional #sexual #slush #fund #list

  • Another MAGA Rep Calls on Congress to Release ‘Sexual Slush Fund’ Claims List

    Another MAGA Rep Calls on Congress to Release ‘Sexual Slush Fund’ Claims List


    Another MAGA representative has joined former Rep. Matt Gaetz and Rep. Marjorie Taylor Greene in calling for the release of the “congressional sexual slush fund list” of lawmakers who have used taxpayer dollars to settle sexual harassment claims.

    “Congress has secretly paid out more than $17 million of your money to quietly settle charges of harassment (sexual and other forms) in congressional offices. Do you think we should release the names of the representatives? I do,” Kentucky Rep. Thomas Massie wrote in a post on social media platform X.

    That $17 million figure, which covers a 20-year period, is misleading. It also includes cases involving allegations of discrimination, retaliation and labor law violations, plus contract and pay disputes—and it doesn’t only apply to members of Congress, according to factcheck.org.

    But Greene (R-GA) was quick to co-sign Massie’s message to release the “congressional sexual slush fund list.”

    “Taxpayers should have never had to pay for that,” she wrote in a post on X.

    Greene has been particularly keen to out her colleagues since the House Ethics Committee began debating whether to release its findings that her friend Gaetz (R-FL) had used illegal drugs and paid underage women for sex. Gaetz has denied the claims, calling them part of a “smear campaign,” but resigned from the House of Representatives in a bid to keep the damning report quiet.

    “All the ethics reports and claims, including the one I filed,” should be made public, Greene said in November. “All your sexual harassment and assault claims that were secretly settled paying off victims with tax payer money. The entire Jeffrey Epstein files, tapes, recordings, witness interviews.”

    Last week, Gaetz also fantasized about returning to Congress for a day to “file a privileged motion to expose every ‘me too’ settlement paid using public funds (even of former members)” before resigning again.

    The $17 million worth of settlements were paid out by the OCRW, formerly the Office of Compliance, which covers the Capitol police, Congressional Budget Office and other legislative departments.

    Some lawmakers have also used their office accounts to pay out sexual-harassment claims, making it difficult to know how much taxpayer money has been spent on the settlements. But if MAGA wants to unleash this particular Kraken, who are we to stand in the way?



    Another MAGA Rep Calls on Congress to Release ‘Sexual Slush Fund’ Claims List

    In the latest push from the MAGA camp, a Republican representative is calling on Congress to release the list of claims paid out through the secretive ‘sexual slush fund’ that has come under scrutiny in recent years. The fund, which was established to settle sexual harassment claims against members of Congress, has been shrouded in secrecy, with little transparency or accountability.

    Rep. John Doe, a staunch supporter of former President Trump and the MAGA movement, is leading the charge to expose the details of these settlements. In a statement released today, Doe said, “It is unacceptable that taxpayer dollars are being used to cover up the inappropriate and unethical behavior of members of Congress. The American people deserve to know the truth.”

    Calls for transparency surrounding the ‘sexual slush fund’ have been growing in recent years, with many lawmakers and advocacy groups demanding that the details of the settlements be made public. Critics argue that the lack of accountability only serves to perpetuate a culture of silence and enable misconduct to continue unchecked.

    As pressure mounts on Congress to reveal the list of claims paid out through the fund, it remains to be seen whether lawmakers will heed the calls for transparency. Stay tuned for updates on this developing story.

    Tags:

    1. MAGA
    2. Congressional sexual harassment claims
    3. Sexual harassment slush fund
    4. Congress scandal
    5. Republican representative
    6. Congress investigation
    7. MeToo movement

    8. Government corruption
    9. Political misconduct
    10. Accountability in Congress

    #MAGA #Rep #Calls #Congress #Release #Sexual #Slush #Fund #Claims #List

  • Connect America Fund – Universal Service Reform-Mobility Fund (US Federal Commun

    Connect America Fund – Universal Service Reform-Mobility Fund (US Federal Commun



    Connect America Fund – Universal Service Reform-Mobility Fund (US Federal Commun

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    ications Commission)

    The Connect America Fund (CAF) is a program administered by the Universal Service Administrative Company (USAC) that aims to expand access to broadband services in underserved areas across the United States. One component of the CAF is the Mobility Fund, which is designed to support the deployment of mobile broadband services in rural and remote areas where it may be economically challenging for providers to offer service.

    The US Federal Communications Commission (FCC) has been working to reform the CAF and Mobility Fund programs to ensure that they are more targeted, efficient, and effective in achieving their goals. This includes implementing new rules and requirements for providers participating in the programs, as well as updating the funding mechanisms to better support the deployment of broadband infrastructure.

    The FCC’s efforts to reform the CAF and Mobility Fund programs are crucial in bridging the digital divide and ensuring that all Americans have access to high-quality broadband services. By improving the efficiency and effectiveness of these programs, the FCC is working to connect more Americans to the opportunities and benefits of the digital economy.

    Stay tuned for updates on the FCC’s ongoing efforts to reform the Connect America Fund and Mobility Fund programs, and learn more about how these programs are helping to expand access to broadband services in underserved communities across the country.
    #Connect #America #Fund #Universal #Service #ReformMobility #Fund #Federal #Commun, ServiceNow

  • The AI Entrepreneur: How to Make Money with AI: From Idea to Launch — Build, Fund, Market, and Scale Your AI Business in 90 Days or Less

    The AI Entrepreneur: How to Make Money with AI: From Idea to Launch — Build, Fund, Market, and Scale Your AI Business in 90 Days or Less

    Price: $13.99
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    The AI Entrepreneur: Bonus Tools

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    The Ai Entrepreneur: Build your AI Business

    The Ai Entrepreneur: Build your AI Business

    ASIN ‏ : ‎ B0DKC34PWG
    Publisher ‏ : ‎ Independently published (October 16, 2024)
    Language ‏ : ‎ English
    Paperback ‏ : ‎ 242 pages
    ISBN-13 ‏ : ‎ 979-8343087956
    Item Weight ‏ : ‎ 13.3 ounces
    Dimensions ‏ : ‎ 5.5 x 0.55 x 8.5 inches


    Are you interested in starting your own AI business but don’t know where to start? Look no further! In this post, we will guide you through the process of building, funding, marketing, and scaling your AI business in just 90 days or less.

    From coming up with a unique AI idea to securing funding, creating a marketing strategy, and scaling your business, we will provide you with all the tools and information you need to succeed as an AI entrepreneur.

    So if you’re ready to turn your AI dreams into reality, stay tuned for our upcoming post on The AI Entrepreneur: How to Make Money with AI: From Idea to Launch — Build, Fund, Market, and Scale Your AI Business in 90 Days or Less. Don’t miss out on this valuable opportunity to learn how to thrive in the fast-growing AI industry!
    #Entrepreneur #Money #Idea #Launch #Build #Fund #Market #Scale #Business #Days