World's richest 1% increased wealth by $33.9 trillion since 2015, Oxfam says
That amount is 'more than enough to eliminate annual poverty 22 times over' when calculating at the World Bank's highest poverty line of $8.30 per day, the group said in a news release which also called for governments to invest in state-led development and to tax the ultrarich, among other requests.
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Entrepreneur
23 minutes ago
- Entrepreneur
"We Got Funded!" Data Guardians Network Raises US$5 Million to Build the Future of Ethical AI
You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. Data Guardians Network (D-GN), a decentralized platform transforming global human input into highly accurate, ethically sourced frontier training data for AI, has closed a US$5 million pre-seed round led by Saudi businessman Hamoud Al-Rumayyan, Web3 infrastructure leader droppGroup and veteran crypto firm Hub Culture. The investment fuels D-GN's emergence from stealth and accelerates its global rollout, scaling contributor operations, multimodal data pipelines and enterprise integrations worldwide. D-GN enables enterprises to build trustworthy AI by sourcing diverse, human-created and -labelled frontier datasets through a decentralized contributor model. Users around the world complete data annotation tasks - such as image classification, voice tagging, lip syncing and human-emotion mapping - through a gamified experience, and earn Tether's USDT stablecoin for their data annotation work. D-GN empowers users across the world with alternative income models. Thanks to this global network of users, the resulting AI dataset is more accurate, diverse, and regulation-ready. Johanna Cabildo, Founder and CEO of D-GN, comments, "The truth is, today's AI isn't intelligent, it's predictive. What's missing is context, consciousness and credibility. Data Guardians Network exists to fill that gap. We're building the intelligence layer of the AI economy, a system grounded in real human input, ethical provenance and data you can trust. If AI is the engine, we're the compass." Unlike other AI annotation services, which often face criticisms over opaque labor practices and the use of unlicensed content, D-GN builds datasets through a decentralized contributor model with on-chain traceability - using the Solana blockchain - combined with stablecoin payments, openly ensuring workers are paid fairly and AI models are trained responsibly. "As Saudi Arabia transforms into a global hub for AI and innovation, our focus must remain on building infrastructure rooted in ethics, equity and opportunity," said Mr. Hamoud Al-Rumayyan. Adding further context, he said "Data Guardians Network represents a new model, one where the people who power AI are finally included in its value creation. This is not just an investment, it's a step toward a more inclusive digital economy aligned with the Saudi Vision 2030." With this investment, D-GN will scale contributor operations in MENA, Latin America and Southeast Asia, with the goal of becoming the largest ethical AI data producer in the world. droppGroup, the Miami-based AI and blockchain enterprise infrastructure leader behind sovereign-grade implementations with the likes of Saudi Aramco, Cisco and Oracle, also joined the round as an investor. droppGroup's investment furthers its focus on sovereign-grade ethical AI infrastructure. It also expands a portfolio of critical technologies built around compliance, transparency and human-centered design. "Billions of dollars in lawsuits are hitting the AI industry because foundational models have been trained on stolen or unlicensed data," said Faisal Al Monai, Chairman of droppGroup. "D-GN solves this industrial problem. It transforms global human input into an auditable, tokenized data engine that ethically trains, verifies and improves AI systems across voice, image and text. We made this investment because we see this as a core pillar of the future AI stack for all our clients." "When we saw Meta purchase a stake in Scale AI for around US$14-15 billion, investing in D‑GN at this stage looked like a steal. More importantly, D‑GN does it differently, upholding both ethical AI and ethical labor standards. No outsourcing to click‑farms, no gray IP zones - just clean, compliant, fair data."

Condé Nast Traveler
23 minutes ago
- Condé Nast Traveler
Samsonite Coupon Codes: 40% Off July 2025
Since its founding in 1910, Samsonite has come to be known as a luggage brand serving up sturdy, solid design; innovation; and durability. Often featured in our best-of luggage guides, Samsonite makes everything from sleek carry-ons and backpacks to versatile travel accessories. With the brand's regularly updated coupon codes, shoppers can score top-tier savings on trusted travel essentials. Strong, lightweight, and practical—you can't go wrong with a Samsonite bag. The price point is reasonable, the hard-shell exteriors are durable, and the built-in interior pockets are smart. And with coupon codes and exclusive offers, shoppers can save on Samsonite's sleek, high-quality luggage. Keep reading for the latest updates on deals and discounts from the brands. Unlock 40% off your first order with Samsonite coupon codes For new customers only, shoppers can save 40% off their first order—which goes a long way when completing a big purchase on checked luggage, or a two- to three-piece set. Not to mention, this includes free shipping—just make sure to sign up to the brand's newsletter (and site) to use the discount code sent via email. Shop today's Samsonite Dealmoon offers & luggage sets for up to 44% off If you're looking to upgrade your travel essentials, the brand's Dealmoon Promotions hub has you covered with discounts up to 44% off popular luggage sets. From the versatile Pivot 3 to the durable Cosmolite 3.0 and the sleek Freeform collections, these deals make it easier than ever to travel in style. Enjoy savings on select multi-piece sets, with free shipping included on all orders. Right now, you can snag a Pivot 3 three-piece set for $280 (down from $500), or grab the Freeform carry-on spinner for just $147, marked down from $210. There's also a Voltage DLX two-piece set available for $216, originally $360. And with bundle discounts and sitewide sales combining automatically at checkout, it's a great time to refresh your luggage collection. Explore sale discounts on our favorite Samsonite carry-on picks Samsonite is a reliable brand that makes some of our favorite carry-ons. Lucky for you, this timely deal includes 37% off its highly-rated Voltage DLX Global carry-on spinner, which is now $120 (marked down from $190). Or, score 10% off its durable and versatile Outline Pro carry-on spinner, which is $189 (marked down from $210). A cherry on top? You'll also score free shipping when using this promotion. Score free shipping on every Samsonite order $275 & up Samsonite shoppers can also save on deliveries with free shipping on US orders of at least $275. If you're under that threshold, you can ship ground for a flat $15 fee, or expedite your order to receive your swanky new luggage in as little as one to two business days. What to know about the Samsonite warranty & repairs If you do decide to score on these deals, note that most Samsonite collections carry a Limited 10-Year Global Warranty, with select lines covered for 3 or 5 years. Do note that you must register the product for warranty with the given product name or SKU number on Samsonite's registration portal. In terms of luggage part replacements, if your suitcase shows a manufacturing defect, the Samsonite Authorized Repair Center will fix or replace it at no cost.


Fast Company
23 minutes ago
- Fast Company
Not spending is trending
In 2025, if you're still relying on spreadsheets and sheer willpower to manage your budget —what are you doing? Tightening the purse strings is now in vogue as concerns about tariffs, inflation, job security and market volatility prompt many to pare back their spending, increase their savings, and, naturally, post about it on social media. These days, if you've trained your algorithm well enough, a cursory scroll should be enough to curb any lingering shopping impulses. In 2024, ' loud budgeting ' encouraged people to be unapologetically vocal about their financial goals. Earlier this year, everyone started 'revenge saving,' a counter to the 'revenge spending' that took off post-pandemic. 'No Buy July,' is the latest, catchier, iteration of the 'no-spend' challenges that have been around for years. The idea is simple: use the money you'd spend on takeaway coffee and other small indulgences to pay down debt, build up savings, or reach some other financial goal. Bonus points if you post about it on social media for added accountability. If you're truly masochistic, one creator recently went viral for sharing another controversial budgeting technique. 'Recording myself saying things I wanna impulse buy instead of buying them,' read the video's closed captions. The goal? 'To save money and make me hate myself.' This one is yet to catch on. There's a reason so many people are turning to saving challenges to hold each other accountable right now. Saving money is challenging at the best of times. For some, it's easier to say 'I'm doing No Buy July' than 'I can't afford that coffee right now.' The trends aren't all talk. The U.S. personal saving rate —the percentage of disposable income saved after taxes and spending—has risen to 4.5% in May, according to Bureau of Economic Analysis data. That is slightly down from 4.9% in April, but up significantly from 3.5% in December. The uptick coincides with growing anxiety, with a recent Santander Bank survey reporting 40% of Americans are more worried about emergency savings than at the start of the year, with 50% concerned about a recession and 53% about inflation. At the same time, the average length of unemployment is now over five months, one month longer than it was last year . The popularity of these saving challenges isn't simply a case of people jumping on the latest trend. It reflects many American's economic reality. The Consumer Price Index has shot up by 24% since 2020. Moreover, prices don't look like they'll drop anytime soon. As President Trump barrels toward his latest tariff deadline, the overall U.S. tariff level is now the highest its been since the 1930s and while prices have been largely stable, they are projected to increase.