RZC Investments, the private equity firm backed by Walmart heirs Tom and Steuart Walton, has paused all new investments and is reconsidering its future structure, according to a spokesperson. The fund, based in Bentonville, Arkansas, and focused on outdoor companies, made the announcement following the departure of one of its two partners, Don Huffner, who is in the process of relinquishing his board seats.
The pause in investments was confirmed by a spokesperson from RZC Investments. The fund, which made both majority and minority investments, was founded by two grandchildren of Walmart founder Sam Walton, with Steuart Walton currently serving on the retail giant's board. Huffner's departure last year was cited by sources familiar with the matter, who spoke on condition of anonymity.
In other news, 4chan founder Chris Poole denied any involvement from Jeffrey Epstein in the creation of the controversial "pol" board on 4chan, which became a hub for far-right ideologies. Poole stated the board's launch predated his initial encounter with Epstein, despite emails revealing prior attempts at meetings between the two. Poole expressed regret over the encounter, emphasizing that Epstein played no role in the board's establishment, according to The Verge.
Meanwhile, India is expanding its presence at the Berlinale film festival, with six films screening across various sections, including Generation, Forum, Forum Expanded, and Classics. The National Film Development Corporation is also involved in a strategic market push, according to Variety.
In the tech sector, Cogram, an AI platform for the architecture, engineering, and construction industry, is seeking a product engineer. The Berlin-based startup, backed by Y Combinator and Initialized, is offering a salary range of 70,000 to 130,000 EUR, with remote work options available. The company automates project administration tasks, including RFIs, submittals, and reporting.
Finally, quantum research continues to advance, with studies exploring its potential applications. Researchers are investigating how quantum technology can change the world, according to Phys.org.
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