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AI fever sparks an IPO race that threatens to change the balance of financial markets

Artificial intelligence (AI) is addicted to money. The major labs developing AI models are intoxicated with the dollars that will finance the technology’s evolution. The three leading companies in the sector, Anthropic, OpenAI and SpaceX, have announced in recent days plans to go public to raise more funds in an endless race. Other long-established tech multinationals such as Google, Microsoft, Meta and Amazon have also launched financial operations in what is shaping up to be the biggest capital raising effort in the sector’s history.

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© OLGA FEDOROVA (EFE)

Protests at Nasdaq headquarters against Elon Musk and SpaceX’s IPO.

Photographer Documents the Vanishing Wildlife of the ‘American Amazon’

30 May 2026 at 13:00

A wide river curves through a lush, green forest at sunrise, mist hovering above the water; on the right, a close-up of a large turtle’s face peeks out from its shell.

The closest the United States gets to the Amazon rainforest is the southeastern part of the country, a biologically rich region consisting of forests and wetlands. Photographer Mac Stone has spent decades creating a visual dispatch there.

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  • Cancelled 'Stargate' Reboot Plot Details Revealed Lade Omotade
    Prime Video's most recent high-profile cancellation keeps making headlines, with many fans reacting strongly, and it's easy to see why. Just days ago, reports emerged that the reboot of one of the most respected sci-fi franchises of all time had been scrapped only a few months after receiving a series order, bringing the project to an abrupt end before production could fully get underway. Unfortunately, this isn't the first time Amazon has pulled the plug on a major project early in its developm
     

Cancelled 'Stargate' Reboot Plot Details Revealed

5 June 2026 at 11:30

Prime Video's most recent high-profile cancellation keeps making headlines, with many fans reacting strongly, and it's easy to see why. Just days ago, reports emerged that the reboot of one of the most respected sci-fi franchises of all time had been scrapped only a few months after receiving a series order, bringing the project to an abrupt end before production could fully get underway. Unfortunately, this isn't the first time Amazon has pulled the plug on a major project early in its development, and it likely won't be the last.

  • ✇Latin America Reports
  • The Amazon is under assault from organized crime, report warns Dario Migliorini
    A new report published by the International Crisis Group (ICG) identified organized crime as a major obstacle to protecting the Amazon.  Criminal organizations have expanded territorial control in Brazil, Colombia, Venezuela, Ecuador, and Peru, with drug trafficking and illegal gold mining representing the main drivers of violence and deforestation across the region.  At the forefront of this expansion are the Indigenous communities inhabiting the Amazon, who are particularly vulnerabl
     

The Amazon is under assault from organized crime, report warns

26 May 2026 at 19:45

A new report published by the International Crisis Group (ICG) identified organized crime as a major obstacle to protecting the Amazon. 

Criminal organizations have expanded territorial control in Brazil, Colombia, Venezuela, Ecuador, and Peru, with drug trafficking and illegal gold mining representing the main drivers of violence and deforestation across the region. 

At the forefront of this expansion are the Indigenous communities inhabiting the Amazon, who are particularly vulnerable to lethal retaliation from criminal groups.

Below, Latin America Reports analyzes three key takeaways from the report.

Global economic patterns are driving the expansion of criminal groups

Organized crime groups are now present in at least 67% of Amazon municipalities in Colombia, Brazil, Venezuela, Peru, Ecuador, and Bolivia. 

The report listed two main illicit activities behind this criminal expansion: shifting trends in global drug consumption and increasing demand for gold and other minerals.

Recent years have seen record levels of cocaine production in countries like Colombia, Bolivia, and Peru, while Europe has become the largest consumer market in the world. The increasing importance of Brazilian ports like Santos and Barcarena, as well as Guayaquil in Ecuador, as exit points for cocaine bound for Europe, has made the Amazon a central hub in drug trafficking routes.

Surging gold prices have made illegal mining increasingly attractive for criminal groups, and this trade is now more profitable than drug trafficking.

Some of the main criminal organizations operating in the Amazon include Brazil’s Primeiro Comando da Capital (PCC) and Comando Vermelho (Red Command), the Colombian National Liberation Army (ELN) and Comandos de la Frontera, and the Ecuadorian gangs Los Lobos and Los Choneros.

The growing influence of these groups is now prompting policy responses. In Brazil, the government has recently announced a $40 million fund to fight criminal factions in the Amazon and border regions. 

Both cocaine production and illegal gold mining have devastating environmental impacts, relying on deforestation and generating harmful chemical waste through the use of substances such as mercury, cyanide, and hydrochloric acid.

In addition, organized crime reinvests its profits in activities such as industrial agriculture, land clearing, and cattle ranching, further fueling environmental degradation.

“Cocaine cannot be legalized, but meat and gold can, which is what makes them so attractive. Drug profits are reinvested in physical gold, mining equipment, land grabbing, and cattle acquisitions”, Bram Ebus, consultant at the International Crisis Group and founder of the journalism project Amazon Underworld, told Latin America Reports.

“Armed and criminal groups routinely use strawmen to control cattle herds, gold pawnshops, or mining operations. The endgame is always to penetrate the business world and co-opt political authorities”, Ebus added.

Image credit: Amazon Underworld via X.

Indigenous communities are on the frontline

The ICG study highlights how Indigenous communities in the Amazon are the most exposed to criminal intrusion and violence.

In many of these countries, they constitute the frontline of territorial defense and monitoring. But the lack of coordination with – and distrust from – state authorities has made the role of Indigenous guards particularly risky.

Furthermore, armed groups coerce members of the communities into joining their ranks, either by force or with the promise of higher earnings from illicit activities.

“Rather than protecting the most vulnerable, in some cases state forces have assaulted local communities, who are too often framed as complicit in illicit economies rather than recognized as victims coerced into them”, said Ebus.

Ebus explained that the consequences also deeply affect Indigenous cultures, as local populations are often left with no viable alternative but gold mining, which destroys and contaminates their ancestral lands. Indigenous youth abandon traditional practices such as hunting and fishing, and become increasingly dependent on food supplies bought with income from the only available economic activity: illegal mining.

The violence can also be deadly. Criminal groups don’t hesitate to resort to lethal retaliation against those who oppose environmental exploitation or are suspected of collaborating with authorities.

Latin America is the region with the highest homicide rate in the world, and this statistic is even higher in the Amazon: between 2012 and 2024, a large share of the global murders of environmental and land defenders took place in this area. Colombia and Brazil alone made up 40% of the total number of deaths worldwide, with Indigenous peoples and members of Afro-descendant communities disproportionately affected by the violence.

An urgent need for coordination

The most urgent recommendation emerging from the study is the need to improve cross-border cooperation between Amazon states and to harmonize environmental laws.

“Amazon cooperation depends heavily on electoral outcomes this year in Brazil, Colombia, and Peru. The UNTOC assembly in October is another opportunity, with Brazil and Colombia, in particular, pushing for formal recognition of environmental crimes”, Ebus said. 

The massive profits generated by illicit activities allow organized crime to corrupt authorities and capture state institutions, making intelligence sharing even more crucial.

Uneven regulations on environmental crimes enable criminals to exploit loopholes and weaknesses across different jurisdictions, especially where cross-border enforcement is lacking.

One example is the smuggling of mercury, a toxic substance used in the gold extraction process. All Amazon countries have signed the Minamata Convention, which restricts the sale and use of mercury, with Ecuador, Peru, and Colombia fully banning its import. In Bolivia, by contrast, the import and export of the element remain legal, and weak border controls have contributed to making the country a hub for the mercury trade in South America.

Featured image: Destroyed equipment of an illegal gold mine near the border between Brazil and Colombia.

Image credit: Federal Police of Brazil.

The post The Amazon is under assault from organized crime, report warns appeared first on Latin America Reports.

‘Stargate’ Series From Martin Gero Not Moving Forward At Amazon

2 June 2026 at 22:36
Stargate has become a high-profile likely casualty of the regime change at Amazon MGM Studios. The reboot of the popular MGM IP from Stargate veteran Martin Gero, which received a series order by Prime Video in November 2025, will not be going forward, Deadline has confirmed. The decision to pull the plug came late in […]

Amazon’s Jeff Bezos Denies Any Role In ‘Melania’ Greenlight But Calls It “A Very Wise Business Decision”

20 May 2026 at 18:05
Amazon CEO Jeff Bezos reiterated that he personally had no part in greenlighting Melania, the documentary on the current First Lady, but called it a “very wise business decision” for the tech giant. “We have denied it. Melania’s office has denied it. It’s not true,” Amazon’s co-founder, former CEO and now executive chairman told CNBC […]

Amazon’s Jenn Levy Brings Nonfiction Production Teams Together Under Justin Dudek 

5 June 2026 at 17:23
Amazon is making some changes to its nonfiction production team. Months after landing the top unscripted job at the streamer, Levy has tasked Justin Dudek to lead all of its unscripted and doc series production teams as well as MGM Alternative Production. Dudek was formerly SVP, Physical Production at MGM Alternative, where he oversaw production […]

A Franciscan monk, a festival with Karol G, and the Vatican’s investments: How the Pope came to say that ‘AI needs to be be disarmed’

Last year Time magazine included Pope Leo XIV among the 100 most important figures in the world in artificial intelligence (AI). It is no coincidence. Only eight days passed from his papal appointment to his first public remarks on the technology: “Truth is never separated from charity... Thus, truth does not distance us, but rather allows us to face with greater vigor the challenges of our time, such as migration, the ethical use of artificial intelligence and the protection of our beloved Earth,” he said in his second official address. His first encyclical, Magnifica Humanitas (magnificent humanity), is devoted precisely to this technology.

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© Vatican Media/LaPresse (Vatican Media/LaPresse)

Pope Leo XIV in the Pauline Chapel, Vatican City.

‘007 First Light’ Studio Chief on Future Bond Games With Amazon, Adding New Free Missions and Isola’s Backstory

10 June 2026 at 21:00
While the overall future of the James Bond video game franchise is up in the air, the next 12 months have been laid out for the IO Interactive-published “007 First Light.” With more than 2.7 million copies sold in the first week after its May 27 launch, the popularity of “007 First Light” — and […]

Prime Video Orders Three GenAI Animated Series From New Amazon MGM Studios-AWS Creators’ Fund

27 May 2026 at 17:00
Three animated series have received orders by Prime Video via the GenAI Creators’ Fund, a new joint initiative of Amazon Web Services and Amazon MGM Studios. The projects are Cupcake & Friends from BuzzFeed Studios; Love, Diana Music Hunters from creator Albie Hecht, a former Nickelodeon exec who is now Chief Content Officer at pocket.watch; and Punky Duck from creator […]

Global brands ‘likely’ using mineral that funds rebels accused of atrocities in DRC, investigation finds

10 June 2026 at 05:00

Amazon and Sony among firms that may have sourced coltan, used in phones, from supply chains controlled by the M23 rebels, says Global Witness

Leading global brands including Amazon, Ericsson and Sony are “likely” to have sourced minerals linked to a militia accused of widespread sexual violence, summary executions and torture, a new investigation claims.

The companies allegedly, but unknowingly, acquired coltan smuggled from mines in the Democratic Republic of the Congo (DRC) that are occupied by the M23 militia, which has committed myriad atrocities in eastern DRC.

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© Photograph: Camille Laffont/AFP/Getty Images

© Photograph: Camille Laffont/AFP/Getty Images

© Photograph: Camille Laffont/AFP/Getty Images

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