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Eric Schmidt, Google's ex-CEO, is selling his Atherton mansion for $24.5 million. The property, located in the most expensive US zip code, includes a main home and a guest house. AdvertisementGoogle's former CEO, Eric Schmidt, and his wife, Wendy, are selling their Atherton mansion for $24.5 million. Schmidt's current net worth is estimated at around $23.9 billion, according to Forbes' ranking. Since leaving his role as CEO, Schmidt turned his focus to tech investments and philanthropy.
Persons: Eric Schmidt, Google's, Atherton, Schmidt, , Wendy, Forbes Organizations: Service, Google Locations: Atherton
This story is available exclusively to Business Insider subscribers. AdvertisementA representative for Sternlicht told Business Insider the house was to be demolished but did not provide further comment. The tony island of Nantucket is a favorite among billionaires like former Google CEO Eric Schmidt and Blackstone leader Steve Schwarzman. "Erosion takes out houses, roads, infrastructure, sewer beds, even airport runways," he told Business Insider. Despite the island's propensity for natural destruction, the town has strict rules regarding what structures owners can take down.
Persons: Barry, Sternlicht, Forbes, Shelly Lockwood, tony, Eric Schmidt, Steve Schwarzman, James Pallota, Pallota, Lockwood, Brendan Maddigan, Steven Cohen, Cohen Organizations: Service, Billionaire, Business, Sternlicht, Nantucket Current, Blackstone, Celtics, Boston Globe Locations: Nantucket
Wealthy U.S. families are increasingly applying for second citizenships and national residences as a way to hedge their financial risk, according to a leading law firm. The wealthy are building these "passport portfolios" — collections of second, and even third or fourth, citizenships — in case they need to flee their home country. "The U.S. is still a great country, it's still an amazing passport," said Dominic Volek, group head of private clients at Henley & Partners. Instead, many wealthy Americans are shopping around for an added visa or citizenship program to supplement their U.S. passport. According to Henley, the top destinations for supplemental passports among Americans are Portugal, Malta, Greece and Italy.
Persons: Robert Frank, citizenships, Dominic Volek, Peter Thiel, Eric Schmidt, Volek, Henley, It's Organizations: Henley & Partners, ., Henley, Malta, Visa Locations: Wealthy, New Zealand, Cyprus, Portugal, Malta, Greece, Italy, Europe, European, Germany, France, U.S
Editor’s Note: In this appeal to Congress, more than 35 artists, activists, scholars and others call for funding for Ukraine. On territory that Russia occupies, it tortures Ukrainian citizens, kidnaps Ukrainian children and murders Ukrainian leaders. By fighting Russia alone, they protect Europe. By fighting a conventional war against a nuclear power, they are making nuclear proliferation and nuclear war less likely. Together we call upon Congress to do the right thing – right now.
Persons: Read, Stringer, Abrams, José Andrés, Gabrielle Carteris, Mona Charen, Misha Collins, Rosario Dawson, Felicia Day, Doug Fears, Jonathan Safran Foer, Francis Fukuyama, Mark Hamill, Gale Anne Hurd, Dara Khosrowshahi, William Kristol, Eric Edelman, Scott Kelly, Daniel Lubetzky, Michael McFaul, Kate McKinnon, Alyssa Milano, Viggo Mortensen, Patton Oswalt, Phillips O’Brien, Brad Paisley, Sean Penn, Serhii Plokhii, Ivanna Sakhno, Eric Schmidt, Liev Schreiber, Timothy Snyder, Terrell Jermaine Starr, Barbra Streisand, Hilary Swank, Peter Wehner, Katheryn Winnick Organizations: Ukraine, CNN, Getty Locations: Russia, Russian, Crimean Tatars, Ukrainian, Kharkiv, Mariupol, Aleppo, Grozny, Europe, Donetsk, Ukraine, AFP, China, Beijing, Asia, East, Africa, United States
Advancements in AI tech have given birth to an industry of AI influencers, and major companies are beginning to show interest in their far more cost-effective approach to marketing. AdvertisementMiquela's success didn't spark a virtual-influencer revolution, but that was largely because of cost — human influencers were still cheaper. She sees AI influencers being used to provide a deep level of information, support, and guidance on brands and products. Do AI influencers really stand a chance at building trust with an audience? A study in the European Journal of Marketing found that consumers were just as likely to follow an AI influencer as a human influencer but that they didn't trust the AI influencer as much.
Persons: Zers, Gen Z, influencers, wannabes, — they're, Nikita Baklanov, Julia Broome, Baklanov, Broome, she'd, it's, Miquela Sousa, Lil Miquela, Instagram Miquela, Calvin Klein, Imma, HypeAuditor, Euronews, who's, Jenny Dearing, Dearing, ChatGPT, chatbot, Eric Schmidt, Jonathan Haidt Organizations: Stanford, UGC, Prada, Companies, Meta, Instagram, AIs, Oxford, Advertising, Air, European, Marketing, Air Canada, Google, Alpha Locations: strategize, TikTok, Antarctica, Air Canada
AI startup Inflection raised over $1.5 billion from investors including Bill Gates, Eric Schmidt, and Nvidia. Last month, Microsoft hired Inflection cofounders and most of its staff, leaving the startup a shell of its former self. One exec who was preparing to start in a new role at Inflection had misgivings following the news. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMicrosoft's unusual Inflection deal may have dented the startup's ability to recruit technical talent, according to an internal email obtained by Business Insider.
Persons: Bill Gates, Eric Schmidt, , Greylock, Reid Hoffman, Calvin Lee, Mustafa Suleyman, Lee Organizations: Nvidia, Microsoft, Service, Business, Management, Uber
Read previewSome AI leaders are starting to ask themselves the question: should we be buying the hype? Almost a year and a half on from the launch of ChatGPT, the hype around the technology is seemingly everywhere. AI image generator Stability AI also lost its chief, Emad Mostaque, amid reports of financial pressure. Others though, like Google deep learning expert François Chollet, are keen to stress just how far off human intelligence today's AI models actually are. Until some real signs of money-making, human-level intelligence do emerge, expect more to call it all hype.
Persons: , Bill Gates, Elon Musk, it's, Gary Marcus, Sam Altman, Marcus, GmjUDKhc6k — Gary Marcus, @GaryMarcus, Mustafa Suleyman, Emad Mostaque, Eric Schmidt, Demis Hassabis, Musk, François Organizations: Service, Business, Google, Invest, Investors, New York University, Nvidia, NVidia, Blackwell, Microsoft, Financial Locations: OpenAI, Sequoia
Can Xerox’s PARC, a Silicon Valley Icon, Find New Life with SRI? 1974 A key part of PARC office of the future vision is a network to tie office systems together. The PARC laboratory, set in the foothills just south of Stanford, is now largely empty, hosting less than 100 researchers, far from a peak of almost 400. Mr. Parekh said that the stage was now set for a second leap forward in the way humans interacted with computers. “This is our annuity for the future for investing in research,” Mr. Parekh said.
Persons: Steve Jobs, Jobs, Apple’s Lisa, IBM’s Thomas J, , , Eric Schmidt, Google’s, Bernardo Huberman, Mr, Huberman, Douglas Engelbart, Siri, Bill Duvall, Charley Kline, CALO, David Parekh, Parekh, SIRI, Curtis Carlson, Charles Simonyi, Jan Vandenbrande, Research Jan Vandenbrande, Johan De Kleer, San Organizations: Xerox’s PARC, SRI, Palo, Palo Alto Research, PARC, Mr, Xerox, SRI International, Stanford Research Institute, Xerox Dover, Xerox Corporation, T’s Bell Laboratories, Watson Research Center, Bay, “ PARC, of America, Machine, UCLA, Pentagon, Apple, Macintosh, Research Projects Agency, Microsoft, Windows, Defense Advanced Research Projects Agency, Research Locations: Palo Alto, Stanford’sy, Stanford, Silicon, Menlo Park, Los Angeles, Calif, San Francisco, San Jose
Many of their superyachts were seized or frozen, leading industry insiders to question their fate. The war prompted many governments to enact sanctions against Russia's richest, including seizing their superyachts worth hundreds of millions of dollars. At least a dozen superyachts — worth well over $1 billion combined — have been affected. Russia's sanctioned superyachts are hard to buy and sellThe first problem is that many of the yachts are "frozen" — not seized. "How does it look if you bought a Russian boat?"
Persons: It's, , Russia's, I've, Julia Simpson, Thompson of Monaco, it's, Joshua Naftalis, Ralph Dazert, Alfa Nero, Eric Schmidt, Simpson Organizations: Service, Russia's, Palm, SuperYacht, Thompson, Pallas Partners, SuperYacht Times Locations: Russia, Ukraine, Russian, San Diego, Antigua, Barbuda, Maldives, Montenegro, Dubai
AI companies run into hurdlesOne of the more eye-opening developments of this new phase came last week from a barely two-year-old OpenAI rival named Inflection AI. Related storiesIt has quickly become apparent that Inflection AI wasn't the only one struggling, however. Stability's Mostaque, meanwhile, seems to have conceded that Big Tech companies wield unassailable power in AI. In a post on X, he said that centralized AI was not going to be beaten with "more centralized AI". Not going to beat centralized AI with more centralized AI.
Persons: , Bill Gates, Mustafa Suleyman, DeepMind, Suleyman, Reid Hoffman, Gates, Eric Schmidt, Emad Mostaque, Googlers —, Ali Barr, Pi, Cohere, Stability's Mostaque, ike C oatue Organizations: Service, Nasdaq, Business, Big Tech, Microsoft, Nvidia
He observed the fall of Google's open culture and its impact on Google's product. His controversial memo questioning Google's diversity practices noted that "Google's political bias has equated the freedom from offense with psychological safety, but shaming into silence is the antithesis of psychological safety." Rather than reaffirm Google's culture of open questioning and psychological safety by actively challenging Damore's assertions, leadership fired Damore and ended the discussion. Google leadership did further damage to the company's open culture following employee protests of military contracts and executives' alleged sexual harassment. AdvertisementThe closing of Google's open culture harmed the product.
Persons: David Kiferbaum, , Eric Schmidt, Jonathan Rosenberg, Larry Page, Sergei Brin, James Damore, Damore, Sundar, TGIF, what's Organizations: Google, Big Technology, Service, CNN
The Dells contributed nearly $976 million to their charitable funds, which distribute gifts to a wide array of charities. Together, the 50 donors on the list contributed a total of $11.9 billion to charity in 2023. Only 23 of the richest Americans on the Forbes 400 list donated enough to appear on the Philanthropy rankings. 13 on the list, they contributed $210 million to the Institute for Protein Innovation, which shares its data with scientists for free. _____Maria Di Mento is a senior reporter and Jim Rendon is a senior writer at the Chronicle of Philanthropy, where you can read the full article.
Persons: Michael Bloomberg, Phil Knight, Penny, Michael Dell, Susan, Bill Gates, Melinda French Gates, Bernie Marcus, Ken Langone, Arthur Blank, , , Renee Kaplan, — Franklin Antonio, Hugh Hoffman, , Tim Springer, Chafen Lu, Diego’s Jay Kahn, Lauder, Sergey Brin’s, Michael J, Robert Kraft, Lucia Woods, David, Kathleen LaCross, Pierre Omidyar, Pam, They’re, John, Laura Arnold, Laura, ” Laura Arnold, Wendy Schmidt, Eric Schmidt, “ Younger, Kaplan, Jeff Sobrato, _____ Maria Di Mento, Jim Rendon, Kay Dervishi Organizations: New, New York City, Nike, Bloomberg, Knights, University of Oregon, Dells, Forbes, Forward, Qualcomm, Summer Science, SETI Institute, ALS Association , University of Cincinnati Foundation, Cincinnati Zoo, Botanical, Nature Center, Yale University, Institute for Protein Innovation, Price Club, Apple, San Diego Foundation, Discovery Foundation, Google, Fox Foundation, Parkinson’s Research, New England Patriots, Foundation, Combat, Ms, Foundation for Women, Chicago Foundation for Women, University of Virginia Darden School of Business, eBay, District of Columbia, Associated Press, Philanthropy Locations: New York, Portland , Oregon, Ohio, Moderna, California, Florida, Texas, Virginia, Washington, Hawaii, Massachusetts
Brin, 50, spoke to entrepreneurs on Saturday at the "AGI House" in Hillsborough, California, just south of San Francisco, where developers and founders were testing Google's Gemini model. He also commented on the flawed launch last month of Google's image generator, which the company pulled after users discovered historical inaccuracies and questionable responses. Brin was also asked how online advertising will be disrupted considering ad revenue is core to Google's business. Bloomberg | Bloomberg | Getty Images“I of all people am not too terribly concerned about business model shifts,” Brin said. Beyond AI, Brin was asked about Google's difficulties in hardware given recent advancements in virtual reality.
Persons: Sergey Brin, Google David Paul Morris, Brin, ” Brin, , Larry Page, He's, , Gemini, “ that’s, Prabhakar Raghavan, Google's, Sundar Pichai, Raghavan, Brin didn't, OpenAI's ChatGPT, Elon Musk's, Eric Schmidt, that’s, I'm Organizations: Google, Bloomberg, Getty, CNBC, Gemini, Google Inc, Allen & Co . Media, Technology Conference, Apple Vision Locations: Hillsborough , California, San Francisco, Sun Valley , Idaho, U.S
AdvertisementThe markets are on fire, with a Big Tech rally extending into 2024 thanks to monster gains in Nvidia's stock. However, the markets may not be fully pricing in political and social risks, former Treasury Secretary Larry Summers said at the FII Priority summit in Miami on Thursday. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account?
Persons: Larry Summers, Summers, Eric Schmidt Organizations: Big Tech, Business Locations: Nvidia's, Miami
Velour tracksuits and low-rise jeans are in trend, and Jennifer Lopez just caused a stir while walking the red carpet at the Grammy Awards in a flowy, green jungle-print Versace gown. In a new interview with Vogue, Lopez revealed that her then-stylist, Andrea Lieberman, pleaded with her not to wear the dress to the awards. Jennifer Lopez at the 42nd Annual Grammy Awards in 2000. Jennifer Lopez at the 42nd Annual Grammy Awards. This first became apparent after the 2000 Grammy Awards, where Jennifer Lopez wore a green dress that, well, caught the world's attention," Schmidt wrote.
Persons: Velour, Jennifer Lopez, Lopez, Andrea Lieberman, Steve Granitz, Versace, Marilyn Monroe's, Marilyn, Sean, Diddy, Combs, Carly Steel, Amber Valletta, Donatella Versace, Geri Halliwell, Lopez wasn't, Eric Schmidt, Schmidt Organizations: Vogue, Business, Milan, Metropolitan Museum of Art, Spice, NRJ, Project Syndicate, Google Locations: New York City, Cannes, France
That was certainly the case during a recent Schmidt Ocean Institute expedition. ROV SuBastian/Schmidt Ocean Institute"Most of the seafloor is still unknown to us," Virmani said, with only about 25% of it mapped in detail. "That work will take place in a lab environment where they'll do some more in-depth study to confirm that these are new species," Virmani said. ROV SuBastian/Schmidt Ocean InstituteEnthusiasts hoping to get a peek at more deep-sea creatures will have a chance starting February 24. The Schmidt Ocean Institute, started by Wendy Schmidt and former Google CEO Eric Schmidt, will launch another expedition with the Research Vessel Falkor (too).
Persons: , Javier Sellanes, Salas, Jyotika Virmani, Virmani, Juan, Schmidt, Alex Ingle, Wendy Schmidt, Eric Schmidt Organizations: Service, Schmidt Ocean Institute, Mount Fuji, Business, Schmidt Ocean, Mar, YouTube, Research Locations: Chile, Hawaii
Israel carried out covert attacks on two major natural gas pipelines inside Iran this week, disrupting the flow of heat and cooking gas to provinces with millions of people, according to two Western officials and a military strategist affiliated with Iran’s Revolutionary Guards Corps. The strikes represent a notable shift in the shadow war that Israel and Iran have been waging by air, land, sea and cyberattack for years. Israel has long targeted military and nuclear sites inside Iran — and assassinated Iranian nuclear scientists and commanders — both inside and outside of the country. Israel has also waged cyberattacks to disable servers belonging to the oil ministry, causing turmoil at gas stations nationwide. But blowing up part of the country’s energy infrastructure, relied on by industries, factories and millions of civilians, marked an escalation in the covert war and appeared to open a new frontier, officials and analysts said.
Persons: Israel, Iran —, Organizations: Iran’s Revolutionary Guards Corps Locations: Iran, Israel
Read previewVirtually all of America's billionaires either founded a wildly successful company or inherited a vast fortune. Apple CEO Tim Cook, JPMorgan CEO Jamie Dimon, and former Microsoft CEO Steve Ballmer are among the few exceptions. Ballmer leads the pack with an estimated fortune of $143 billion, according to the Bloomberg Billionaires Index largely due to his near-4% stake in Microsoft. AdvertisementRemarkably, Ballmer ranks sixth on the Bloomberg list, just one spot and $3 billion behind the Microsoft cofounder. Other industry stalwarts include Meta's former operating chief, Sheryl Sandberg ($2 billion), and former eBay CEO Meg Whitman ($3 billion).
Persons: , Tim Cook, Jamie Dimon, Steve Ballmer, Forbes, Bill Gates, Ballmer, Eric Schmidt, Charles Simonyi, Jeff Rothschild, Jeff Skoll, Sheryl Sandberg, Meg Whitman, Justin Sullivan, Snowflake, Frank Slootman, Apple's Cook, Safra Catz, Lisa Su, Ramzi Musallam, JPMorgan's, Goldman Sachs, Lloyd Blankfein, Tor Peterson, Paul Saville, homebuilder Organizations: Service, Apple, JPMorgan, Business, Bloomberg, Microsoft, Facebook, eBay, Getty Images Tech, Forbes, Oracle, AMD, Veritas Capital, Blackstone, KKR Locations: Silver
Save America was once so flush with cash that Trump’s political operation used its money to seed a super PAC, MAGA Inc., that advertises in support of his presidential campaign. But as Trump’s legal bills have grown and its cash dwindled, Save America clawed back more than $42 million in refunds from the super PAC last year. The super PAC supporting her candidacy, SFA Fund, spent more freely. Its year-end report shows that the group raised $50.2 million and spent $63.7 million between July and December. The substantial burn rate left the super PAC with just $3.5 million in cash on hand entering 2024.
Persons: Joe Biden, Donald Trump’s, Biden, Nikki Haley, Haley, Haley’s, Trump, , , Ken Griffin, Jan Koum, Paul Singer, Jim Davis, Griffin, Singer, George Soros, Eric Schmidt, Shonda Rhimes, Ron DeSantis ’, DeSantis, Donors Organizations: CNN, Trump, GOP, South Carolina Gov, Federal, Republican, Save America PAC, Make, PAC, FEC, Save, MAGA Inc, SFA Fund, SFA, Palmetto State, Haley, Citadel, New, American Opportunity Alliance, Hollywood, DeSantis Locations: Iowa, New Hampshire, Save America, South Carolina, Palmetto, Florida
Ex-Google CEO Eric Schmidt has reportedly been building a startup called White Stork. AdvertisementFormer Google CEO Eric Schmidt is building a military startup called White Stork, which plans to produce AI attack drones , Forbes reported. White Stork wants to mass-produce drones that can use AI to identify targets, the new report said. The latest Forbes story also details how Schmidt has used an intricate business structure through several Limited Liability Companies. White Stork was an LLC called Swift Beat Holdings but changed its name to White Stork Group last September.
Persons: Eric Schmidt, Schmidt, , Forbes, White Stork, Stork, Swift Organizations: Forbes, Service, Swift, Holdings, White, Group, Robotics, Google, Department of Defense's Innovation, Business
AdvertisementA deep-sea expedition captured a picture of the elusive glass octopus, an almost completely transparent creature. AdvertisementA picture of a glass octopus captured during a previous expedition of the Schmidt Ocean Institute. Schmidt Ocean InstituteLittle is known about the glass octopus, which uses its near-transparency to hide from predators. It is likely, though, that they mate like other octopus species, meaning the male glass octopus delivers sperm to the female using his hectocotylus, or sex tentacle. ROV SuBastian / Schmidt Ocean Institute.
Persons: , Eric Schmidt, Wendy Schmidt Organizations: Service, Schmidt Ocean Institute, Bigelow Laboratory, Ocean Sciences, University of Costa, SA, Field Locations: Tengosed, Costa Rica, Maine, University of Costa Rica, El Dorado
Jack Hidary, SandboxAQJack Hidary, the CEO of SandboxAQ. SandboxAQThe intersection of AI and quantum technology isn't talked about as much as buzzy chatbots right now — but it's a future Hidary is trying to prepare us for. His company, SandboxAQ, began life in Alphabet as a research unit nestled in the company's X building, exploring how to run quantum workloads using the same chips as those that power AI. Hidary spun the unit out in early 2022 with a nine-figure round of investment that included the former Alphabet executive chair Eric Schmidt and Marc Benioff, the CEO of Salesforce. See the full list of 100 people who make AI intelligent here.
Persons: Jack Hidary, isn't, Hidary, Eric Schmidt, Marc Benioff
[1/3] U.S. President Joe Biden speaks during a reception at the White House ahead of the 46th Kennedy Center Honors gala, in Washington, U.S. December 3, 2023. "We're putting in the work across our fundraising program and look forward to again outperforming the MAGA field," Biden campaign spokesperson Kevin Munoz said. Next week, Biden will raise money in Pennsylvania and Maryland with the states' Democratic governors Josh Shapiro and Wes Moore. Recent polling has shown the GOP frontrunner leading Biden in hypothetical matchups in key swing states and on the national level. Hollywood and the entertainment industry overall lean Democratic, at least when it comes to fundraising, according to OpenSecrets, which tracks campaign contributions.
Persons: Joe Biden, Nathan Howard, Biden, James Taylor, Stephen Spielberg, Rob Reiner, Michael Smith, James Costos, Barack Obama's, Lenny Kravitz, Wendy Schmidt, Eric Schmidt, Rick Caruso, Robert Tuttle, outperforming, MAGA, Kevin Munoz, Josh Shapiro, Wes Moore, Kamala Harris, Gretchen Whitmer, Alex Padilla, Julie Chavez Rodriguez, Donald Trump, Charles Koch's, Nikki Haley, Miriam Adelson, ouptaced Trump, Jarrett Renshaw, Heather Timmons, Bill Berkrot Organizations: White, 46th Kennedy Center, REUTERS, Democratic, Reuters, HBO, Los, Biden, Super, Trump, Democratic Party, Republican, Democratic National Committee, Hollywood, Thomson Locations: Washington , U.S, Boston, California, Los Angeles, Spain, Pennsylvania, Maryland, Michigan, Alex Padilla of California
When Henry Kissinger turned 100 this year, Secretary of State Antony J. Blinken toasted him at one birthday celebration in New York, and the C.I.A. Mr. Kissinger spoke with Mr. Blinken regularly, including as recently as last month, Mr. Blinken said. The Kissinger conversations with secretaries of state and presidents were not only about navigating the downward spiral in relations with Beijing. But the reason his advice was sought out goes to the depth of his experience: When Mr. Kissinger died on Wednesday, Mr. Blinken was headed to Israel in an effort to win a longer pause in a bloody conflict. Mr. Kissinger had flown the same path, in November 1973, exactly 50 years ago, during his famous shuttle diplomacy.
Persons: Henry Kissinger, Antony J, Blinken, William J, Burns, Kissinger, Condoleezza Rice, Hillary Clinton, John Kerry, Mike Pompeo, Xi Jinping, , ‘ Kissinger, , Xi, Richard M, Mr, Biden, Nicholas Burns, Eric Schmidt Organizations: Mr, United, U.S . Embassy, Google Locations: New York, Washington, China, United States, Xi’s, San Francisco, Beijing, Russia, Israel
Henry Kissinger has died at the age of 100, but he had no idea how he lived so long. AdvertisementHenry Kissinger, the legendary statesman who helped shape modern geopolitics, is dead at 100. I didn't aim for it," Kissinger told Döpfner. But it gets worse — according to his family, Kissinger did many things that doctors will tell you not to. His son, David Kissinger, wrote about his father's lifestyle and longevity for The Washington Post earlier this year.
Persons: Henry Kissinger, , Axel Springer, Mathias Döpfner, Kissinger, Döpfner, David Kissinger, Wiener, Eric Schmidt, Schmidt, Hilary Brueck, Dr, Angel Iscovich, centenarians, Dawn Skelton, Thomas Perls, it's Organizations: Service, Washington Post, Washington DC, Google, University of Glasgow, Glasgow Caledonian University, BU's Locations: China, Washington, UK, Scotland, England
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