Categories
Selected Articles

The US seized a Russian oligarch’s 348-foot, $325 million superyacht — and now it’s up for grabs


The yacht Amadea
The Amadea, a megayacht seized from a Russian oligarch, cost nearly $1 million a month to maintain.

  • The $325 million yacht of Russian oligarch Suleiman Kerimov is now on sale.
  • The six-deck, 348-foot-long superyacht was made in 2017 and seized by the US government in 2022.
  • It will be sold by sealed auction on September 10. Interested buyers must pay a 10 million euro deposit.

A $325 million yacht that belonged to a Russian oligarch is now up for grabs.

The US government is auctioning off the Amadea, a 348-foot-long superyacht seized from sanctioned billionaire Suleiman Kerimov in 2022.

The yacht, built in 2017 by the German shipbuilder Lürssen, can accommodate 16 guests in 8 staterooms and 36 crew members.

The yacht offers numerous amenities on its six decks, including a gym, a 32-foot swimming pool, an outdoor jacuzzi, a private cinema, and a helipad.

“This is perhaps the most spectacular, exacting and beautiful ship any of us will ever see,” Bob Toney, chairman of National Maritime Services, said in the auction press release on Tuesday. “An opportunity like this for discerning owners is exceedingly rare — maybe once in a lifetime.”

The yacht’s buyer will be guaranteed a “substantial discount on the original price of the yacht,” per information provided by a representative of Fraser Yachts, the luxury yacht broker representing Amadea’s sale.

The representative added that the yacht has been “virtually untouched” since it was seized.

The yacht will be sold by sealed bid auction on September 10 to the highest bidder in its berth in San Diego. To be considered for the bid, interested parties must deposit 10 million euros, or $11.6 million.

Per a May 2022 press release by the Department of Justice, the Amadea was seized off the coast of Fiji by the FBI and local law enforcement.

“Last month, I warned that the department had its eyes on every yacht purchased with dirty money,” Lisa Monaco, the then-US deputy attorney general, said in the release. “This yacht seizure should tell every corrupt Russian oligarch that they cannot hide — not even in the remotest part of the world.”

Representatives for the National Maritime Services and Fraser Yachts did not respond to requests for comment from Business Insider.

Read the original article on Business Insider

Categories
Selected Articles

Liberty celebrate big win with Ben Stiller and ‘Severance’ cast


Ben Stiller’s New York basketball fandom isn’t limited to just the Knicks.

Categories
Selected Articles

RFK Jr announced halt to $500 million in federal vaccine development funding


US Health Secretary Robert F. Kennedy Jr says the administration is focusing on coming up with a universal vaccine, replacing mRNA technologies and overcoming their limitations.

Categories
Selected Articles

Paul Graham’s guide to how you can save your job from AI


Paul Graham Y Combinator
“It may be a mistake to ask which occupations are most safe from being taken by AI,” Paul Graham, the founder of Y Combinator, wrote on X on Tuesday.

  • Y Combinator founder Paul Graham says AI is not coming for every job, just the boring ones.
  • AI is “good at scutwork,” and low-level programming jobs are “already disappearing,” Graham said.
  • Graham said the best way to save your job is to do it better than AI can.

Paul Graham, the founder of startup incubator Y Combinator, said identifying and leaning into your passions will be the best way to secure your job in the age of AI.

“It may be a mistake to ask which occupations are most safe from being taken by AI,” Graham wrote in an X post on Tuesday.

“What AI (in its current form) is good at is not so much certain jobs, but a certain way of working. It’s good at scutwork. So that’s the thing to avoid,” he continued.

Graham said programming jobs “at the bottom end” are not safe from AI, adding that “those jobs are already disappearing.” Top programmers “who are good enough to start their own companies,” on the other hand, can still command top salaries, he wrote.

“So I think the best general advice for protecting oneself from AI is to do something so well that you’re operating way above the level of scutwork,” Graham said.

Representatives for Graham at Y Combinator did not respond to a request for comment from Business Insider.

Graham said that to become a superstar in your chosen field, you’ve got to have passion.

“It’s hard to do something really well if you’re not deeply interested in it,” he added.

Graham isn’t the only one who has acknowledged AI’s disruptive potential on the job market. Meta CEO Mark Zuckerberg told podcaster Joe Rogan in a January interview that he expects AI to be able to write code like a midlevel engineer within this year.

Then, in May, Anthropic CEO Dario Amodei told Axios in an interview that AI could wipe out 50% of entry-level office jobs in the next five years.

The Federal Reserve Bank of New York published a labor market report in February that said computer science graduates faced an unemployment rate of 6.1%. That was higher than other majors, such as history at 4.6% and biology at 3%.

Other business leaders like “Shark Tank” star Mark Cuban and Nvidia CEO Jensen Huang have criticized Amodei’s prediction.

Cuban voiced his disagreement with Amodei in a post on Bluesky, arguing that “new companies with new jobs will come from AI and increase TOTAL employment.”

Huang told reporters at the VivaTech 2025 conference in Paris in June that AI could also create new opportunities, while some jobs could disappear.

“Do I think AI will change jobs? It will change everyone’s. It’s changed mine,” Huang said.

Read the original article on Business Insider

Categories
Selected Articles

Texas Gov. Greg Abbott sues to remove House Democratic leader amid redistricting battle


Gov. Greg Abbott filed an emergency petition with the Texas Supreme Court to have Rep. Gene Wu removed from office.

Categories
Blogs and Tweets

RT by @mikenov: Спецпосланник Трампа прибыл в Москву. Стивен Уиткофф приземлился в аэропорту “Внуково”, его встретил глава РФПИ Кирилл Дмитриев, с



Categories
Selected Articles

Judge considers whether Florida’s ‘Alligator Alcatraz’ detention center violates environmental law


Judge considers whether Florida’s ‘Alligator Alcatraz’ detention center violates environmental law [deltaMinutes] mins ago Now

Categories
Selected Articles

Afghan women turn to online courses as the Taliban bans education


Afghan women turn to online courses as the Taliban bans education

Categories
Selected Articles

More sex toys get thrown during Liberty, Fever games as one appears to hit Sophie Cunningham


A fan’s arrest has seemingly not stopped fans from throwing sex toys at WNBA games.

Categories
Selected Articles

NFL and ESPN reach nonbinding agreement for sale of NFL Network and other media assets