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Wealthy Americans drive surge in New Zealand golden visa demand

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More than 700 wealthy foreign nationals have applied for New Zealand residency under the country’s “golden visa” programme over the past 14 months, compared with just 115 applications during the previous three years.

Applicants are required to invest at least NZ$5 million in local funds, companies or charitable organisations within three years.

A further 127 people have applied under a separate programme that requires an investment of NZ$10 million in passive assets such as bonds for five years.

The surge followed a relaxation of rules governing property purchases, investment requirements and the amount of time applicants must spend in the country to qualify.

According to the Financial Times (FT), the increase in applications for the right to live, work and study indefinitely in New Zealand has coincided with a period of geopolitical uncertainty that has made the country’s security and remote location increasingly attractive.

Dozens of countries around the world, from Portugal to the US, offer preferential immigration treatment in exchange for investment or, in some cases, cash payments.

Many have had mixed experiences with such schemes. Ireland, Malta and Australia have scrapped their programmes because of insufficient demand or concerns over abuse.

In New Zealand’s case, Prime Minister Christopher Luxon hopes the visas will attract more foreign investment and help reverse a “brain drain” that threatens the country’s economic growth.

Although tourists often fall in love with New Zealand and dream of moving there, many young New Zealanders leave in search of better economic opportunities.

According to Luxon, New Zealand start-ups have already begun benefiting from the policy.

“While everyone else around the world is tightening restrictions, we’ve opened the doors and our start-ups have benefited enormously from the capital flowing in, as well as from the knowledge and technical expertise these investors have brought,” he said.

Since the programme was comprehensively overhauled in April 2025, applicants from North America, Europe and Asia have committed a combined NZ$4.8 billion, through investments of either NZ$5 million or NZ$10 million each.

That figure is comparable to the NZ$14.8 billion in foreign investment recorded during the first quarter of this year.

Lachlan Nixon, co-founder of venture capital firm Motion Capital, said the programme had become “a badge of honour in Silicon Valley”.

Data show that 277 applications have come from Americans, with Californians showing particularly strong interest in obtaining New Zealand residency.

“A massive influx of capital is coming, but what really matters is the quality of the people now investing in the New Zealand economy,” Nixon said. He added that 40% of a recent NZ$27 million fundraising round for high-growth New Zealand companies came from 30 holders of “golden visas”.

According to Luxon, companies benefiting from the programme include critical minerals firm Zethos, which appointed European steel industry veteran Francesc Rubiralta to its board.

Nixon said other companies backed under the programme include seed oil protein producer Miruku and magnesium mining company Aspiring Materials.

In the mountain town of Queenstown, a preferred destination for many applicants, locals refer to billionaires such as Peter Thiel and Anthony Malkin, whose foundation owns New York’s Empire State Building, as “the secret residents on the hills”.

Most prefer to keep their wealth and presence private. Thiel’s citizenship was inadvertently revealed during a parliamentary debate, while Malkin’s presence became public after fireworks he set off on New Year’s Eve sparked grass fires.

According to Cotality, their arrival has made Queenstown New Zealand’s most expensive property market, with a median home price of NZ$1.8 million, double the national average.

Under the visa programme’s rules, participants may purchase only residential properties worth more than NZ$5 million, a provision designed to prevent their presence from distorting the broader housing market.

“There are a lot of billionaires here. They just wear gumboots,” one property adviser said.

However, doubts remain about the programme’s benefits. Sam Stubbs, chief executive of pension fund Simplicity, said people should make “genuine investments” in the country rather than seek special treatment in exchange for “a small amount of money” invested in a venture capital fund.

“Heaven comes at a price. It’s a price we all pay,” Stubbs said.

Some applicants have also voiced concerns. Courtney Andelman, who runs a venture capital fund in Santa Barbara with her husband Jim, successfully obtained a visa last year and now visits New Zealand regularly.

“There’s something magical in the air and the water. It’s an incredibly healthy place,” Andelman said.

However, she said she wanted to settle in a smaller South Island city such as Nelson, where her investments could have a greater impact, but found very few properties worth more than NZ$5 million.

She also complained that under New Zealand’s tax rules, if her family spends more than 183 days a year in the country, their worldwide income becomes subject to New Zealand taxation.

Andelman said she loved New Zealand but expressed concern and issued an implicit warning.

“How to make every dollar achieve its highest and best use is a question we constantly ask ourselves. If New Zealand doesn’t offer the best value, we’ll go somewhere else. Every one of those dollars is mobile.”

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Tech giants pour billions into media licensing to fuel AI systems

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Investments by Silicon Valley-based technology giants in mainstream media organisations have taken on a new dimension in recent years, pivoting around direct cash flows, technology transfers, and legal strategies.

Aiming to shield their artificial intelligence models from copyright infringement lawsuits and feed them high-quality, real-time data cleansed of low-grade AI-generated material circulating online, tech companies are engaged in a billion-dollar licensing race.

OpenAI stands out with aggressive licensing drive

Building the industry’s most extensive content licensing portfolio, OpenAI is not only purchasing data but also integrating media outlets into its own ecosystem via AI integration.

The five-year agreement struck between the company and News Corp encompasses more than $250 million in cash and technology credits. The deal’s average annual cash flow stands at around $50 million.

Under this collaboration, the archives and live news feeds of The Wall Street Journal, Barron’s, MarketWatch, The New York Post, The Times, The Sunday Times, and The Sun have been opened to OpenAI systems. OpenAI uses this data both to train its GPT models and to summarize News Corp articles with source attribution links within ChatGPT search results.

The Media Copilot Citation Study and analyses by The Wall Street Journal on market dynamics reveal that publishers entering into licensing agreements gain a 48% priority advantage in ChatGPT citations.

OpenAI also signed an agreement valued at between $25 million and $30 million over three years with Axel Springer—whose portfolio includes publications such as Politico and Business Insider—securing the right to provide users with real-time summaries of European and US political news.

In its partnership with Dotdash Meredith, a fixed annual guarantee fee of $16 million was established alongside variable commercial revenue-sharing arrangements.

According to IAC financial filings and Adweek data, millions of articles from brands including People, Better Homes & Gardens, Lifewire, and InStyle are transferred to OpenAI, while the technology company supports the AI optimization of Dotdash Meredith’s advertising targeting platform, D.M.A.P.

On another front, The Walt Disney Company partnership announced by Disney CEO Bob Iger and Sam Altman involved a combination of a $1 billion equity investment and stock warrants.

The agreement aimed to secure the legal use of more than 200 characters from the Disney, Pixar, Marvel, and Star Wars universes inside Sora, the text-to-video AI model.

However, according to details reflected in reports by The Guardian and OpenAI Index filings, Hollywood’s resistance to artificial intelligence, the rights of actors and voice artists, and shifting priorities within OpenAI regarding the Sora application have plunged the operational process of the billion-dollar integration project into crisis.

Alongside traditional media, OpenAI is also turning to alternative and emerging media platforms. The company acquired TBPN last April. TBPN is a podcast hosted by John Coogan and Jordi Hays, both of whom come from the venture capital world. Daily from a Los Angeles studio, the duo hosts a three-hour show reminiscent of mainstream media business or sports broadcasts.

The podcast and its team fall under the responsibility of Chris Lehane, an experienced lobbyist who rose to prominence managing scandals during the Clinton administration. Lehane serves as OpenAI’s head of public relations.

Silicon Valley’s “parallel media ecosystem” does not consist solely of ventures by tech investors. Andreessen Horowitz, for instance, is investing heavily to build its own media empire. The venture capital firm publishes podcasts to showcase its tech investment portfolio and promote pro-technology politics. In this context, bespoke publications such as Future were established to disseminate optimistic perspectives on technology and feature founders in their portfolio without subjecting them to external critical scrutiny.

Furthermore, tech-backed ventures such as the AI platform State Affairs—supported by Peter Thiel’s venture capital firm Founders Fund and Khosla Ventures—employ human reporters to feed state legislative data into large language models (LLMs) for corporate subscribers.

Meta pivots to AI data over social traffic

Having faced disputes with publishers after restricting external link traffic directed to traditional media via Facebook and Instagram, Meta has deployed its AI budgets as a solution.

According to reporting by The Wall Street Journal, the company is executing multi-year agreements reaching up to $50 million annually with News Corp and a global pool of publishers.

Meta is making this investment to ensure its open-source Llama models avoid copyright complications when delivering news in internet searches and inside the Meta AI assistant.

Rather than using the data directly to train model weights, the company employs it within a retrieval-augmented generation (RAG) infrastructure that enables the assistant to deliver instant, legally cleared news to the user.

Apple negotiates with legal liability clause

Entering the AI arena with its “Apple Intelligence” integration, Apple held talks with publisher groups including Condé Nast, NBC News, and IAC to conduct its data collection process on an entirely legal footing.

As reported by The New York Times and PCMag, Apple tabled multi-year offers with a baseline price of at least $50 million per group for decades-long archives of institutions such as Vogue, The New Yorker, GQ, Vanity Fair, and NBC News.

A primary factor prolonging negotiations was reportedly Apple’s demand that publishers also assume potential legal liabilities arising from the processing of data within the system.

Perplexity AI shares ad revenue

Confronted with accusations of plagiarism and content theft from media organisations, Perplexity AI established a revenue-sharing pool under the name “Perplexity Publishers Program” to pre-empt potential copyright lawsuits.

Under the partnership, which includes TIME, Fortune, Der Spiegel, and the Los Angeles Times, an initial cash pool of $42.5 million was created.

According to the model examined by The Wall Street Journal and Digiday, Perplexity AI, which has begun introducing advertisements into search results, transfers between 50% and 80% of generated ad revenues to the publisher when it draws on the relevant media outlet’s article while generating an answer.

The company also provides enterprise AI subscriptions to employees of these media organisations.

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US in talks to acquire equity stakes in Venezuelan oilfields

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The Trump administration is in talks with Venezuela’s interim government to acquire an equity stake in the country’s vast oil reserves.

According to a report by Axios, this historic agreement would more than double US oil reserves by securing resources from the country that holds the world’s largest proven oil reserves.

“To call this deal ‘big’ would be an understatement. This is a massive deal,” one official said.

Another factor driving the push to sign the agreement is the wars in Iran and Ukraine, which have disrupted global oil supplies and pushed up prices.

The US Strategic Petroleum Reserve currently stands at a 40-year low.

The details are still being worked out, but the talks cover more than a dozen producing oilfields, rather than the entirety of Venezuela’s 300 billion barrels in proven reserves.

The fields in question hold 90 billion barrels in proven reserves and were previously controlled by former Venezuelan officials, including some who face criminal charges.

Interests once controlled by China were also linked to these fields.

In exchange for granting the US an ownership stake, the Venezuelan government would benefit from private firms, including American companies, developing these fields and generating increased oil revenues for the country.

According to Axios, the Venezuelan oil deal would represent a legacy-defining moment for President Trump, who has made US energy security and dominance in the Western Hemisphere cornerstones of his “Donroe Doctrine”.

“President Trump is very close to securing America’s energy future for generations to come, not only in the US, but across the entire hemisphere,” another official said.

Trump had reportedly begun discussing ways to acquire a stake in Venezuelan oilfields in secret even before Nicolas Maduro was abducted by the US on 3 January.

The negotiations are being led by US Secretary of State Marco Rubio and Venezuela’s interim president, Delcy Rodriguez.

Last month, senior officials from the Departments of State and Defence met with their counterparts in Caracas to discuss the details in greater depth.

White House Deputy Chief of Staff Stephen Miller is also playing a significant role in the process.

An official noted that the White House is sensitive to accusations that Rodriguez will hand over Venezuela’s natural resources to the US, stating: “We are doing everything we can to show this will benefit the Venezuelan people, because it genuinely will.”

It remains uncertain exactly when the agreement will be finalised. US Secretary of Energy Chris Wright is discussing plans to travel to Venezuela next week, as his department examines ways for US companies to boost oil production.

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US urges Mexico to curb undocumented crossings at southern border

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The administration of US President Donald Trump is demanding that Mexican President Claudia Sheinbaum implement additional measures against illegal crossings along the US border.

According to a Bloomberg report citing sources familiar with the matter, US Secretary of State and National Security Advisor Marco Rubio conveyed this demand to Mexican Foreign Minister Roberto Velasco during a closed-door meeting in Washington on 26 August.

The Washington administration is demanding that Mexican authorities prevent their own citizens from attempting to cross the US border illegally.

Bloomberg noted that fulfilling this request could encounter constitutional and legal obstacles, as Mexico’s constitution guarantees its citizens freedom of movement across national territory.

US State Department Spokesperson Tommy Pigott stated that Rubio urged Mexico during the meeting to take decisive steps in combating migration, drug trafficking, and cartel operations.

The Mexican Secretariat of Foreign Affairs has not yet issued a statement regarding the matter.

According to data cited by Bloomberg, US border patrol units detained more than 9,200 migrants in July. This figure represents the highest monthly tally recorded since Trump returned to the White House in January 2025.

The July figure was reported to have doubled compared to the same period of the previous year, yet it remained at approximately one-sixth of the level recorded in the final July of Joe Biden’s presidency.

Under Trump, who declared a state of emergency on the southern US border upon taking office in January 2025, illegal border crossings were recorded at 28,635 in February and 29,065 in March.

In the corresponding months of the preceding year, those figures stood at 256,071 and 246,505, respectively.

Following negotiations between Trump and Sheinbaum in February 2025, Mexico pledged to deploy 10,000 National Guard personnel to its northern border to counter drug shipments heading into the US.

Washington, in turn, suspended for one month the tariffs planned on goods of Mexican origin and pledged to work towards preventing illegal firearms shipments into Mexico.

Following Trump’s threats of launching ground operations against drug cartels in Mexico, Sheinbaum called in January 2026 for enhanced security coordination with Washington.

The Mexican leader had assigned then foreign minister Juan Ramon de la Fuente to hold talks with US Secretary of State Rubio.

Sheinbaum expressed that she considered a US invasion of her country unlikely and that Trump’s statements to that effect should not be taken seriously.

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