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LIV Golf appears to be dying on the vine but doesn’t want to say so.

Amid several reports that the Saudi-backed Public Investment Fund will cease its abundant funding of LIV Golf after the 2026 season, officials with the four-year-old PGA Tour competitor chose to focus on the fact that the show will go on — at least through August.

During a broadcast interview from the LIV tournament in Mexico City, LIV Chief Executive Scott O’Neil would not say if the league has a funding commitment from the Public Investment Fund, or PIF, beyond this year.

O’Neil responded to a question about golfer Sergio Garcia saying this week that LIV Golf Chairman Yasir Al-Rumayyan “told us at the beginning of the year that he is behind us, that they have a project of many years.”

“It’s just not the way the world works,” O’Neil said. “We have commitments to have this … the reality is you’re funded through the season and then you work like crazy as a business to create a business and a business plan to keep us going.

“But that’s not different from any other private equity-funded business in the history of mankind.”

The interview was pulled from the internet shortly after it was posted.

PIF announced a new five-year strategy Wednesday that will reduce international investments from 30% to 18-20% of the portfolio and place greater emphasis on Saudi domestic initiatives to promote sports. LIV Golf does not fit into that category and was not mentioned.

“PIF will continue to support Saudi Vision 2030 objectives by delivering competitive domestic ecosystems,” Al-Rumayyan said in the announcement. “The 2026-2030 strategy is a natural next step in PIF’s growth journey.”

PIF approved more than $250 million in additional funding for LIV Golf this year, hiking the total investment to more than $5.3 billion since the league was launched four years ago. Documented losses are more than $1 billion from 2022 to 2024, according to Forbes.

LIV Golf executives were rushed from various corners of the planet to a meeting this week in New York where the future of the operation was discussed in private and decisions were made.

A few flew in from Mexico City, where this week’s tournament began Thursday at the Club de Golf Chapultepec. It is one of the highest-altitude golf courses in North America, and LIV golfers took deep breaths before answering press questions about reports that the organization was on the verge of collapse.

“For me, it didn’t make sense to think about it or waste time thinking about,” superstar golfer Jon Rahm said after shooting a first-round 65. “Since everything happened so suddenly and so quickly, I wasn’t very worried about it because normally, before the rumors start, we already know something — there’s always someone within the league who knows something.”

Communication at the tournament was spotty. A power outage at the course Tuesday caused interviews to be canceled, and streaming of the first round Thursday was down for about two hours because of what were described as technical difficulties.

Yet nothing could stop the speculation and growing unease about the future of LIV Golf. Money continues to hemorrhage, as does the roster of big-name golfers.

LIV Golf purses each week are $30 million — 50% more than PGA Tour purses. Enormous signing bonuses were doled out to secure the services of superstar golfers Phil Mickelson, Dustin Johnson, Cameron Smith, Bryson DeChambeau and Rahm. All received bonuses of at least $100 million to defect from the PGA Tour, and Rahm, a relative latecomer to LIV Golf, received a reported $300- to $500-million bonus.

Yet original LIV Golf members Brooks Koepka and Patrick Reed recently returned to the PGA Tour. Others are bound to follow.

Former PGA standout Greg Norman was the LIV Golf chief executive until resigning in August, citing exhaustion. His comments upon exiting might have foreshadowed the current difficulties.

“I knew there were going to be a lot of headwinds,” he told the Australian Golf Digest. “I didn’t anticipate the magnitude of those headwinds because … as time went by, those headwinds were created by misperceptions.”

Norman was replaced by O’Neil, whose internal message to the LIV staff Wednesday attempted to quiet concerns about PIF pulling the plug. He urged the golfers to focus on the season that is already underway.

“We are heading into the heart of our 2026 schedule with the full energy of an organization that is bigger, louder and more influential than ever before,” O’Neil wrote in the message obtained by Sports Illustrated. “The life of a startup movement is often defined by these moments of pressure. We signed up for this because we believe in disrupting the status quo.

“We have faced headwinds since the jump, and we’ve answered every time with resilience and grace. Now we answer by doing what we do best: putting on the most compelling show in sports.”

One of those headwinds is that “a compelling show” can be a relative term. LIV Golf has been popular in golf-starved locales such as Australia and South Africa, but TV ratings are low everywhere and interest in events held in the United States is tepid.

PIF — worth an estimated $1.15 trillion — launched LIV Golf as part of a strategy to transform Saudi Arabia into a global sports hub, using its vast oil revenue to drive economic diversification, create jobs and boost tourism. Initiatives include massive investments in soccer, tennis and esports in addition to golf.

The PGA Tour countered by increasing prize money and creating a series of limited-field “signature events” for top players. Rory McIlroy and Tiger Woods are among the sport’s top stars to steadfastly remain loyal to the PGA Tour, with Woods turning down an offer from LIV Golf of $800 million in 2022.

Mexico City is the sixth stop in the LIV Golf 14-tournament season that concludes in August. The Individual Championship finale is scheduled for Indianapolis from Aug 20–23.

Want to sip on Hailey Bieber’s Strawberry Glaze Skin Smoothie after staring at Vincent van Gogh’s “Tarascon Stagecoach”? Los Angeles County Museum of Art has got you covered.

The museum announced Tuesday that it has partnered with Erewhon, the high-end L.A. health food chain and retailer, on a cafe located on the ground level of its new David Geffen galleries. The cafe, which has outdoor seating beside Alexander Calder’s fountain sculpture, “Three Quintains (Hello Girls),” will open Sunday for LACMA members visiting the David Geffen Galleries. The general public can get in on the coveted buffalo cauliflower when the new building opens to the public on May 4 — with the partnership continuing through the summer. No definite closure has been announced, so it’s possible the collaboration continues.

“We’re so proud to partner with LACMA, a meaningful milestone as our first museum collaboration,” said Tony Antoci, CEO and owner of Erewhon, and Josephine Antoci, president and owner of Erewhon in a statement. “It really feels like a celebration of Los Angeles, bringing Erewhon and LACMA together to nourish and inspire the community we love.”

The collaboration between the store, which enjoys a cult-like following, with one of the city’s most anticipated new cultural offerings is expected to draw an eager crowd. Guests can grab a ticket to the museum, or simply enjoy a drink while strolling around the museum’s 3.5 acres of new park space, and taking in a variety of newly installed public artwork including Jeff Koons’ towering topiary sculpture, “Split Rocker.”

Two additional drinking and dining options — a wine bar and a restaurant — will open later this year, but no establishments have been named yet for those spots.

Erewhon at LACMA will be open during museum hours.

April 14 (UPI) — Federal authorities have charged the 20-year-old Texas man who police arrested after a Molotov cocktail was thrown at the San Francisco home of OpenAI CEO Sam Altman.

The criminal complaint filed Monday in the U.S. District Court for the Northern District of California charges Daniel Moreno-Gama of Spring, Texas, with possession of an unregistered firearm and attempted damage to and destruction of property by means of explosives.

If convicted, Moreno-Gama faces between five and 20 years’ imprisonment for the first count and a maximum of 10 years for the second.

The incident occurred early Friday, when, shortly after 4 a.m., officers of the San Francisco Police Department were dispatched to Altman’s North Beach residence, where a suspect threw an “incendiary destructive device” at the home, causing a fire to an exterior gate before fleeing on foot.

Police arrested the suspect less than an hour later after he allegedly threatened to burn down OpenAI’s headquarters, located nearby in the 1400 block of 3rd Street.

The complaint states the Molotov cocktail was thrown at the residence at 3:37 a.m. Friday, with the incident caught on surveillance cameras.

Stills from the footage included in the complaint show a male holding what appears to be a lit Molotov cocktail in his hand and then, from about 10 feet away, winding up and throwing the flaming item at the barred gate before leaving the scene.

At about 5 a.m. the suspect is seen outside OpenAI’s headquarters using a chair to strike the glass doors, according to the complaint. The filing does not name the company or Altman, though it includes stills from surveillance footage of the suspect, dressed in black, smashing glass doors with a blue outdoor chair.

Security personnel at the facility are cited in the complaint stating Moreno-Gama was at the building “to burn it down and kill anyone inside.”

Police who responded to the scene and arrested Moreno-Gama recovered incendiary devices, a jug of kerosene and a blue lighter, the complaint states.

Officers also confiscated a document that was in the suspect’s possession. The complaint alleges it is a three-part series authored by Moreno-Gama, expressing his opposition to artificial intelligence as well as to the executives of various AI companies, including Altman, who is referenced in the document as “Victim-1.”

“Also if I am going to advocate for others to kill and commit crimes, then I must lead by example and show that I am fully sincere in my message,” reads the first section of the document, which federal authorities allege was written by Moreno-Gama.

The document “further listed the names and addresses of apparent board members and chief executive officers of AI companies and investors,” the complaint states, adding that the second part of the document was titled “Some More Words on the Matter of our impending extinction.

The third section was a letter addressed to “Victim-1.”

“If by some miracle you live, then I would take this as a sign from the divine to redeem yourself…” it states, according to the complaint.

U.S. Attorney Craig Missakian for the Northern District of California said in a statement Monday that his office is only at the start of its investigation, but he will treat the case as “an act of domestic terrorism” if the evidence shows the suspect attempted to change public policy through his actions.

“We will not tolerate any attempt to change the way Americans live and work through fear of violence,” Missakian said.

Altman and his OpenAI company are at the center of public debate over artificial intelligence, and both have become lightning rods for controversy about the future of the technology.

OpenAI and other AI companies have faced criticism and protests from activist organizations that argue the rapid development of AI is reckless and could pose severe risks, including by contributing to human extinction.

Altman identified himself as the victim in a blog post published Friday night. In the post, he called for a de-escalation in the rhetoric surrounding AI.

“A lot of the criticism of our industry comes from sincere concern about the incredibly high stakes of this technology. This is quite valid, and we welcome good-faith criticism and debate,” he said.

“I empathize with anti-technology sentiments and clearly technology isn’t always good for everyone. But overall, I believe technological progress can make the future unbelievably good, for your family and mine.”

A 20-year-old Texan faces potential life imprisonment after an arson attack on Sam Altman’s San Francisco residence.

Authorities in the United States have charged a 20-year-old Texas man with attempted murder and arson after he allegedly threw a Molotov cocktail at the home of OpenAI CEO Sam Altman.

Daniel Moreno-Gama faces two counts of attempted murder and nine other charges following last week’s arson attack on Altman’s residence in San Francisco, District Attorney of San Francisco Brooke Jenkins said on Monday.

“We interpret this behaviour for just what it is: An attempt on Mr Altman’s life and an extreme danger to those around him and those who work for his company,” Jenkins said at a news conference.

“As the DA, my office will prosecute this case to the fullest extent of the law.”

Moreno-Gama is also separately facing federal charges of attempted damage and destruction of property by means of explosives, and possession of an unregistered firearm.

Moreno-Gama faces the possibility of life in prison under the charges.

Moreno-Gama, from Houston, Texas, was captured on a security camera hurling an incendiary device at Altman’s home shortly after 3:30am local time on Friday, according to an FBI affidavit.

The suspect then travelled to OpenAI’s San Francisco headquarters, where he struck the building’s glass doors with a chair and stated his intention to “burn it down and kill anyone inside”, according to the affidavit filed in US District Court for the Northern District of California.

After arresting Moreno-Gama at the scene, police recovered incendiary devices, a container of kerosene, a lighter, and a document espousing opposition to artificial intelligence and tech executives, including Altman, according to the affidavit.

The document recovered at the scene stated that Moreno-Gama had killed or attempted to kill Altman, and that he “must lead by example and show that I am fully sincere in my message”, according to the filing.

Altman, whose company’s release of ChatGPT in 2022 marked a watershed in the rollout of AI, has become a lightning rod for heated discussion about the potential risks and benefits of the rapidly advancing technology.

In a blog post after Friday’s arson attack, Altman said that while much criticism of the tech industry was driven by sincere concerns about the “incredibly high stakes” of AI, it was time to turn down the heat of the public debate.

“While we have that debate, we should de-escalate the rhetoric and tactics and try to have fewer explosions in fewer homes, figuratively and literally,” Altman said.

In her news conference, Jenkins criticised what she described as “incendiary rhetoric” about the potential impact of AI on society.

“In no way should we be at the point where a man could have lost his life over differences of opinion and concerns,” she said.

Police said the suspect targeted Altman’s San Francisco residence before dawn and fled the scene on foot.

A 20-year-old man has been arrested by San Francisco Police Department (SFPD) after a Molotov cocktail was thrown at the home of OpenAI CEO Sam Altman early on Friday morning.

Police in the United States said the suspect targeted the property at about 4am local time (11:00 GMT), allegedly throwing an improvised incendiary device that ignited part of an exterior gate before fleeing the scene on foot.

Authorities did not publicly identify the suspect or confirm the address where the attack took place.

Instead, in a post on the social media platform X, the police department said that a residence in the North Beach neighbourhood was affected.

However, a spokesperson for OpenAI confirmed the incident took place at Altman’s residence.

“Thankfully, no one was hurt. We deeply appreciate how quickly SFPD responded and the support from the city in helping keep our employees safe,” an OpenAI spokesperson said.

Police have not indicated a possible motive behind the attack. The suspect was ultimately located about an hour later near OpenAI’s headquarters, roughly 4.8 kilometres (three miles) away, where he was allegedly threatening to set the building on fire.

OpenAI said it is cooperating with law enforcement as the investigation continues.

Security concerns around OpenAI

The incident comes amid heightened security concerns around OpenAI’s offices, which have faced threats and protests in recent months.

Just last November, a man making violent threats to its San Francisco headquarters briefly prompted an office lockdown.

Altman and the company have increasingly become targets for activists who warn about the risks artificial intelligence could pose to society.

Critics have also raised alarm over OpenAI’s decision to collaborate with the US Department of Defense, a move that has intensified scrutiny of the company’s role in military technology.

Public sentiment towards AI remains mixed. A recent NBC News poll found that the technology is viewed even less favourably than US Immigration and Customs Enforcement (ICE), a federal agency responsible for violent immigration raids under President Donald Trump.

Despite the criticism, OpenAI’s growth has accelerated rapidly. The company said last month it was valued at $852bn, following a major funding round that raised $122bn.

Companies like OpenAI, however, face lingering questions about whether they can generate sufficient revenue to cover their high expenses.

One of OpenAI’s signature products, ChatGPT, continues to dominate the consumer AI market, with more than 900 million weekly active users and about 50 million subscribers.

The company also said usage of its search features has tripled over the past year.

SEOUL, April 6 (UPI) — South Korea’s KB Financial Group said Monday that Jeremy Allaire, founding CEO of U.S. digital currency firm Circle, will visit early next week to meet with its senior executives.

The Seoul-based financial group noted that the meeting would focus on strengthening bilateral collaboration and discussing concrete action plans for innovations in next-generation financial infrastructure.

In the latter part of last year, KB Financial started proof-of-concept tests using Circle Mint, a platform that enables companies to issue and manage stablecoins, primarily Circle’s USD Coin, or USDC.

From the testing, KB Financial said it was able to gain knowledge and capabilities necessary to manage digital assets via such platforms as Circle Mint.

The two firms are exploring joint business opportunities in various areas, including the domestic use of USDC, cross-border transactions and potentially issuing a Korean currency-backed stablecoin.

“The upcoming meeting with Allaire will go beyond a simple one-off event. It will serve as a catalyst to elevate the partnership between the two companies, which have already completed in-depth technical verification,” KB Financial said in a statement.

“Based on the robust cooperation framework established with Circle, we will keep beefing up our leadership in the digital asset markets at home and abroad,” KB said.

Sogang University economics professor Yoon Suk-bin pointed out that competition will intensify sharply in the market, which combines traditional money and digital currency.

“It is a major industry trend for traditional financial institutions to partner with emerging digital asset firms to build integrated platforms,” he told UPI. “Circle CEO’s visit to Seoul can be understood in that context.”

Meanwhile, Dunamu also confirmed that Allaire would meet its executives next week. The digital powerhouse is an operator of South Korea’s leading cryptocurrency exchange, Upbit.

Los Angeles County’s chief executive officer Fesia Davenport, who has been on medical leave since October, has announced that she will resign next month.

In a LinkedIn post, Davenport said she was leaving county service to “focus on my health and wellness.”

A notice to the Board of Supervisors provided to The Times Saturday said she had decided to step down April 16 “based primarily on hereditary and ongoing health issues initially uncovered late last year, the risks of which have become clearer based on more recent medical testing and consultation with my doctors.”

She said the “extraordinary amount of time and energy” required of the chief executive played into her decision.

“Although I originally assumed that I would be able to return to my post, I now know that I would be unable to do the job as it deserves to be done while also prioritizing my health,” she told the supervisors.

Supervisor Kathryn Barger issued a statement Saturday saying, “I’m disappointed by Fesia Davenport’s decision to step down. Her dedication and accomplishments over nearly three decades have left a lasting impact on Los Angeles County.”

Davenport, who was appointed to the county’s top job in 2021, received an undisclosed $2-million settlement last summer to compensate for damage to her “professional reputation” from Measure G, a voter-approved ballot measure that will soon eliminate her position.

In a July 8 letter, released by the county counsel in October through a public record request, Davenport said she sought $2 million in damages for “reputational harm, embarrassment, and physical, emotional and mental distress caused by the Measure G.”

Under Measure G, which voters approved in 2024, the county chief executive, who manages the county government and oversees its budget, will be elected by voters instead of appointed by the board. The elected county executive will be in place by 2028.

Measure G “has had, and will continue to have, an unprecedented impact on my professional reputation, health, career, income, and retirement,” Davenport wrote to county counsel Dawyn Harrison. She said it had “irrevocably changed my life, my professional career, economic outlook, and plans for the future.”

At the time the payout was disclosed, Davenport had begun a medical leave, saying at the time she expected to be back to work early this year.

A lengthy email to her staff, posted on LAist, which first disclosed her resignation, said the unspecified “health crisis” has affected three of her siblings and posed risks to her that “have become clearer based on more recent medical testing and consultation with my doctors.”

Her brother Raymond died in 2018 after “experiencing a sudden health crisis,” she said. Last year, two more of her sisters survived the same health crisis, but one will now require 24-hour care for the rest of her life, she said.

“Although I am not out of the woods yet, I am thankful to the Board for granting me the space to focus on my health and to arm myself with the knowledge I needed to make informed decisions,” she wrote.

The office of chief executive issued a statement Saturday saying chief operating officer Joe Nicchitta will continue serving as acting chief executive officer while Davenport remains on medical leave.

“We appreciate Fesia’s nearly three decades of service to Los Angeles County and all that she has accomplished on behalf of its residents and communities,” the statement said.

Davenport listed a number of accomplishments in her letter to the board, including setting up five new departments maintaining the county’s credit rating when other jurisdictions were being downgraded and “balancing the budget while developing a financing plan to compensate sexual assault victims — the largest settlement of its kind in American history.”

That payout has now come under scrutiny after a Times investigation found that some plaintiffs had been paid to join the class-action lawsuit.

March 20 (Asia Today) — Coupang interim CEO Harold Rogers joined an overnight to dawn delivery shift in Seongnam, south of Seoul, after accepting a lawmaker’s request at a National Assembly hearing to experience the job firsthand. Rogers worked from 8:30 p.m. Wednesday to 6:30 a.m. Thursday, taking part in the full process from loading to delivery, according to Coupang and local media reports.

The overnight shift followed a proposal made by Democratic Party lawmaker Yeom Tae-young during a parliamentary hearing in December, which Rogers agreed to at the time. Coupang said the experience was intended to deepen management’s understanding of field operations and strengthen trust by following through on that commitment.

Rogers and Yeom began at Coupang Logistics’ delivery camp in Yatap, where they completed safety training and helped load packages. They then rode with a directly employed Coupang delivery driver, known as a “Coupang Friend,” and delivered orders to apartments, villas and detached homes across Jungwon-gu.

Coupang said it would use the experience to accelerate workplace improvements and strengthen safety management by reflecting feedback from the field. Rogers said he was proud of all Coupang workers, including delivery staff, and pledged to continue building what he described as safe and advanced working conditions.

Separately, Coupang Fulfillment Services said it will begin holding job fairs Monday in Suwon, Daegu and other locations to recruit logistics workers as Rocket Fresh expands. The company said the events will use a one-stop hiring format covering consultation through interviews.

— Reported by Asia Today; translated by UPI

© Asia Today. Unauthorized reproduction or redistribution prohibited.

Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260320010006133

Disney has a new captain, and his eyes are on the stars.

Taking over the reins from Bob Iger on Wednesday, new chief executive Josh D’Amaro signaled a bold shift for the entertainment giant: a future where emotional storytelling remains the “North Star,” but cutting-edge technology provides the fuel.

From ESPN to the Magic Kingdom, D’Amaro said in his first letter to employees as the top boss that his mission is to turn a century of nostalgia into a more personal, high-tech reality for fans worldwide.

“Used thoughtfully, it can empower our storytellers, strengthen our capabilities, and help us create more immersive, interactive and personal ways for people to experience Disney,” he wrote in the Wednesday morning note.

D’Amaro also said he wants the sprawling company, which includes film and TV studios, a tourism division, streaming services and live sports programming, to operate as “one Disney,” saying the global businesses all play a role in deepening consumers’ relationship with the Mouse House.

That connection people have with Disney’s brand is key to the company’s future. Consumers have more film, TV and experiences to choose from than ever, meaning Disney needs to distinguish itself among competitors.

To do that, D’Amaro plans to focus on the emotions consumers feel when they encounter Disney. As an example, he reminisced about his own first visit to Disneyland more than 40 years ago.

He recalled the joy on his father’s face as the two rode Peter Pan’s Flight together. And when they soared over the miniature version of London on the ride, he remembered his father leaning in and saying, “See, I told you. It feels like we’re flying!”

“That feeling of flying I had on Peter Pan all those years ago is still real to me,” he wrote in the Wednesday morning note. “And today, I am honored to move forward with all of you — with ambition, optimism, and absolute confidence in what we can build together.”

That new era also included a goodbye to Bob Iger, who handed over the reins Wednesday and now moves into a senior advisory role for the rest of the year before his planned retirement.

The company paid tribute to Iger in a video during Disney’s annual shareholders meeting Wednesday morning.

With clips from his earliest public appearances as Disney’s CEO, a highlight reel of the acquisitions the company made under his tenure and even a nod to his previous career behind the anchor desk, the video highlighted Iger’s legacy at the company and the role he played in bulking up Disney’s franchises, global theme parks, sports and streaming platforms.

When asked in the video about where he’ll go from here, Iger laughed and replied, “To Disneyland.”

In a pre-recorded speech, Iger said his time at Disney has spanned much of his life and that he never expected to become CEO of the company — much less twice.

“Over the years, we experienced extraordinary change and faced real challenges that were particularly profound in the last three years,” Iger said. “It was daunting at times, but through it all, what sustained me was the passion I saw every day from great storytellers, innovators, leaders and people around the world.”

In his parting remarks during that speech, he expressed confidence in the new leadership team of D’Amaro and Dana Walden, who is now president and chief creative officer of the company.

“I will be cheering on Josh, Dana and all of you as I sail off into the sunset,” he said. “So thank you for the trust you placed in me, for the memories we created together, and for allowing me the honor of serving. It has meant more to me than I can say.”

March 18 (UPI) — Korea Hydro & Nuclear Power said Wednesday that new CEO Kim Hoe-chun has officially taken office to lead the state-run company over the next three years.

The chief executive said that he would establish a dual-track strategy of focusing on large-scale nuclear reactors and small modular reactors, or SMRs, at the same time to gain a stronger foothold in the global market.

SMRs refer to next-generation nuclear power plants, which are smaller but considered safer than traditional massive reactors. Korea Hydro & Nuclear Power, or KHNP, has worked on its own models, known as “innovative SMRs.”

“We will successfully carry out already secured overseas projects while pursuing tailored bidding strategies to enter new markets,” Kim said during an inauguration ceremony at the firm’s head office in Gyeongju, around 180 miles southeast of Seoul.

“We will develop the KHNP-style integrated management model as an export product and take a leading position in the international nuclear power market through innovative SMR technologies,” he said.

In June 2025, KHNP signed a contract to build two nuclear reactors in the Dukovany region of the Czech Republic. The agreement is estimated to be worth about $18 billion.

The company also has been competing with global players to win nuclear contracts in other countries.

Before taking the helm at KHNP, Kim spent decades at Korea Electric Power Corp., where he held a series of key positions after joining it in 1985. Between 2021 and 2024, he served as CEO of Korea South-East Power, an affiliate of KEPCO.