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Facebook X Email Print Save Story On Christmas Day, Donald Trump issued his traditional holiday greeting. Posting on Truth Social, the social-media site created to serve as a platform for both his personal enrichment and his political aggrandizement, he reprised his threats to reclaim the Panama Canal from its current state of being controlled by the country in which it exists, tweaked Canada as America’s future “51st state,” pushed his plan to purchase Greenland “for National Security purposes,” and wished a merry Christmas to the “Radical Left Lunatics” he so recently defeated in “the Greatest Election in the History of Our Country.” Would it be too 2016 of me to suggest that this is absurd, embarrassing, worrisome stuff? As 2024 ends, the prevailing attitude toward the manic stylings and overheated threats of the once and future President, even among his diehard critics, seems to be more one of purposeful indifference than of explicit resistance; call it surrender or simply resignation to the political reality that Trump, despite it all, is twenty-five days away from returning to the Oval Office. A year ago, a Trump victory was far from inconceivable—the grimly anti-incumbent mood of the American electorate, and the former President’s almost comically easy dispatch of a host of G.O.P. primary challengers who were, for the most part, afraid to criticize him, suggested that it was not only a possible outcome but even a likely one. Yet it is also true that, as 2024 began, Trump’s win was far from inevitable—an alternate reality that, like the half of the country that could not countenance his return to office, has been erased from the Trumpian narrative about his “unprecedented and powerful mandate.” In the weeks since Election Day, it’s been as if Joe Biden and Kamala Harris and all the polite technocratic debates of their polite, technocratic Administration have vanished into the mists of time—were the past four years in Washington all some strange dream sequence, like that entire season of “Dallas” back in the nineteen-eighties? Radical revisionism—by Trump and on his behalf—is a strong contender for the theme of this disruptive year, in which some unique property of political alchemy managed to transform a defeated and disgraced ex-President facing four criminal indictments into a perfectly electable Republican candidate with a quirky communications style, a host of more or less legitimate grievances, and a plan to Make America Great Again by empowering his billionaire sidekicks and rolling back laws, regulations, geopolitical trends, and social norms that he and his voters don’t like. Rewriting history, relitigating old fights, plain old revanchism—these worked for Trump in 2024, and it’s a safe bet that, along with revenge and retribution, they will be the themes of the new Trump Administration that takes office on January 20th. Whether it’s peremptory attacks on a 1977 Panama Canal treaty whose terms he now wants to reject or the resurrection of nineteenth-century economic protectionism or the fantastical reimagining of the January 6th rioters who stormed the U.S. Capitol as innocent martyrs, Trump is a conservative in an entirely different sense than the one we have come to know: he is not a Republican who sticks to the status quo but instead a would-be strongman whose attachment to a past of his own imagining will now, once again, become the country’s governing ideology. Every year since 2018 , I have written a version of this year-end Letter from Washington. What’s striking reading back through them now, on the eve of Trump’s return to the White House, is not so much his continued dominance of our politics as it is the consistency of how he has accomplished it—the manic governing by social-media pronouncement, the bizarro news cycles, and the normalizing of what would have previously been considered the politically un-normalizable. Even his targets are remarkably similar year in and year out—the Radical Left Lunatics, windmills, Justin Trudeau. In Trump’s 2023 Christmas social-media post, he wished the nation a happy holiday while praying that his enemies “ROT IN HELL.” What we have managed to forget about Trump in these past few years would fill entire books about other Presidents. This year-end exercise has been a small effort in trying to remember. This strikes me as more important than ever in 2024, after an election year in which tapping into the American capacity for collective forgetting proved to be one of Trump’s superpowers. Many of the year’s signal events were so dramatic that they don’t need much recounting now: Trump’s unprecedented criminal trial and his thirty-four felony convictions in a New York state court last May; the incoherent June 27th debate that effectively ended Biden’s career; the attempted assassination of Trump as he spoke at a rally in Butler, Pennsylvania, on July 13th, and the remarkable images of him thrusting his fist in the air and mouthing “Fight!” immediately after a bullet grazed his ear but spared his life. It was just a few days later that Biden dropped out of the race, reinvigorating Democrats with sudden hope that they might beat Trump, after all—only to have Harris, despite a surge of joyous online memes and more than a billion dollars in campaign contributions, suffer an even bigger defeat to Trump than Hillary Clinton’s shocking loss to him in 2016. Even the subsidiary plotlines of 2024 were epic, from the spectre of the world’s richest man leaping around Trump’s rallies like an overheated schoolboy to the scorching success of a Republican ad campaign that portrayed America as a dangerous hellscape of invading illegal immigrants, rampant inflation, and intolerant leftists eager to force transgender surgery on your children. Soon after the election, Trump tried to appoint Matt Gaetz as Attorney General, even knowing that the Florida Republican had been investigated by his own congressional colleagues for paying a minor for sex—a choice that resulted in one of the fastest implosions of a Cabinet selection in modern history. We will not soon forget all that. Where Trump benefits more from this failure to remember is in the common practice, among his allies and detractors alike, of disregarding much of what he says and does, whether it is his vow to close the U.S. border and begin the largest mass deportations in American history on the first day of his Presidency, to end the war in Ukraine in twenty-four hours, or to nullify the Constitution’s guarantee of birthright citizenship. So that’s what I’m most hoping does not get lost in this apathetic moment, when his enemies are averting their gaze and his allies are so confident in the imminent arrival of a MAGA utopia that they have little need to sweat the details. (A new Associated Press / NORC poll, released Thursday, says sixty-five per cent of American adults now feel the need to limit their consumption of news about politics and the government—the Great Tune-Out is real.) Heading into 2025, I do not believe that warnings about the dangers of an unchecked Trump are overstated. Instead, it is the creeping sense that Trump is entering office largely unopposed that more and more worries me. It is a major warning sign, among many, that the ideological policing of Trump’s adversaries as shrill, hysterical, and hypocritical has been so very effective. I am bracing for impact, and not only fearing but expecting the worst. But while Trump may now believe himself so powerful that he can rewrite history on his own behalf, it’s also fair to anticipate that his past will serve not only as prologue but as precedent for 2025. If neither the American voters nor the Republican Party could stop Trump, his many personal weaknesses just might. Presidents, especially second-term Presidents, often stumble. Many occupants of the White House find themselves bogged down in scandal and infighting, victims of their own overreach, hubris, or just sheer incompetence. This was the story of the first Trump Administration, and there is plenty of reason to believe that it will be what happens in his second term, too. Should one root for the failure of an American President? Half of the country, Trump’s half, did this, to great effect, in 2024; in 2025, it will be everybody else’s turn. ♦ 2024 in Review The best movies . The best jokes . The best books . The best podcasts . Our most popular cartoons on Instagram. The animals that made it all worth it . Sign up for our daily newsletter to receive the best stories from The New Yorker .TORONTO — TD was an outlier during the banks' fourth-quarter earnings season as other lenders released cautiously encouraging outlooks for the year ahead while the beleaguered bank suspended its guidance. The bank said it was suspending financial targets for earnings, return on equity and positive leverage as it works through a wide-ranging strategic review ahead of leadership change next year. "In my role as incoming CEO, we are undertaking a broad and detailed review of the bank strategies and investment priorities," said chief operating officer Raymond Chun, who is set to replace Bharat Masrani in the top job in April. "It's my opportunity to dive deep and make sure that we're putting TD in the best position possible," Chun said on an earnings call Thursday. The review comes as TD continues to grapple with the fallout from anti-money laundering deficiencies that saw it agree in October to pay fines totalling more than $4.23 billion to U.S. regulators, who also imposed an asset growth cap on its U.S. retail banking operations. The bank said it will be challenging to generate earnings growth as it navigates its transition. For TD's peers, the tone was more upbeat but still cautious as CIBC, RBC and National Bank reported profits that beat analyst expectations and said there was more growth ahead as interest rates are expected to drop further. Even BMO, which has been struggling with a pool of shaky loans, said it expects its provisions for credit losses to have peaked in the fourth quarter with improvements ahead. Shares of BMO opened down more than four per cent as its earnings came in well below analyst expectations because of the spike in provisions, but shares gained after an earnings call where the bank said it was turning a corner. The bank's share price was also boosted by an announced share buyback of up to 20 million shares, and a four-cent dividend increase from the previous quarter to $1.59 per share. "We're net confident in the U.S. and otherwise, and that's underpinned by the decisions we've made with respect to the dividend increase and normal course issuer bid," said chief executive Darryl White. CIBC showed even more faith in growth ahead as it reported results that were well ahead of expectations. The bank, which saw its provisions fall 23 per cent from last year, said it was boosting its dividend by eight per cent. "This increase reinforces the confidence we have to deliver earnings growth," said chief executive Victor Dodig on an earnings call. While bank leaders all generally saw better days ahead as interest rates fall and credit risks ease, their outlook on the timing is less confident. RBC chief executive Dave McKay said he was cautious but optimistic on the credit picture but still not sure on when it may normalize. "We're just a little uncertain as to how we're going to land this thing, whether it's in the first half or second half of the year, or early into '26." The bank shrugged off the effects of a softening Canadian economy to report a profit of $4.22 billion in the fourth quarter and $16.2 billion for the year. It increased its quarterly dividend by six cents, or four per cent, to $1.48. Scotiabank results fell short of analyst expectations as its results were hit by higher-than-expected taxes and a writedown of its holding in a Chinese bank, while its Canadian operations were affected by the softening economy, said chief executive Scott Thomson. "The realities of a slowing economy and the impact of peak interest rates made for a challenging operating environment," he said on a conference call with analysts. But he too is looking for a turnaround ahead as interest rates fall. "We anticipate additional easing through the first half of the year, which we expect will be stimulative to activity in the domestic housing and mortgage markets and buoy consumer and business confidence," Thomson said. While analysts welcomed the outlooks from banks, they expressed disappointment in TD's silence on its financial expectations for next year. "We would have hoped that TD would have been able to provide a little more concrete guidance to investors here right now," said Scotiabank analyst Meny Grauman in a note. "Waiting another half a year or more for management to tell us what the longer-run implications of its U.S. consent order are leaves the stock without a proper anchor." Jeffries analyst John Aiken said the bank was "throwing in the towel for 2025," and that investors will need to be patient for a catalyst to release pent-up value. Chun said he is optimistic on the road ahead, but it will take time to get there. "I really do believe there are opportunities to get even stronger, more competitive. And so I look forward to sharing more with you in the second half of 2025." This report by The Canadian Press was first published Dec. 5, 2024. Companies in this story: (TSX:TD, TSX:BMO, TSX:RY, TSX:BNS, TSX:CM) Ian Bickis, The Canadian Press
India’s public broadcaster, Prasar Bharati, has launched its own Over-the-Top (OTT) platform, Waves , marking a significant milestone in the country’s digital entertainment landscape. The platform, available on both Android and iOS devices, aims to provide diverse content for viewers across India, especially in the wake of the rapidly growing digital media ecosystem. The official launch of Waves took place on Wednesday during the International Film Festival of India (IFFI) 2024, with Goa Chief Minister Pramod Sawant presiding over the event. Sawant described the platform as an important development for the Indian entertainment industry, highlighting the broad range of content it offers, especially the inclusion of regional languages like Konkani. Waves promises to bring family-friendly entertainment to a wide audience. With content spanning over 12 languages, including Hindi, English, Marathi, Tamil, and Assamese, it ensures inclusivity and appeals to India’s diverse linguistic population. The platform offers a variety of genres, such as infotainment, gaming, education, and shopping. A standout feature is its 65 live TV channels, alongside video-on-demand content and interactive elements like free-to-play games and online shopping, in collaboration with the Open Network for Digital Commerce (ONDC). Sanjay Jaju, Secretary of the Ministry of Information and Broadcasting, emphasized that Waves aligns with the government’s Digital India vision. He said, “ Waves bridges the digital divide, especially in rural areas, by offering access to a vast array of content through BharatNet,” which is aimed at providing high-speed internet in underserved regions. The launch of Waves also brings fresh opportunities for young creators. CEO Gaurav Dwivedi shared that the platform is designed to support and promote budding talent. By partnering with content creators like Kamiya Jani and RJ Raunac, along with film schools such as FTII and Annapurna Studios, Waves aims to provide a stage for new voices and foster creativity within India’s entertainment sector. Waves is also committed to showcasing India’s rich cultural heritage through clean, family-friendly content suitable for children, youth, and all age groups. The platform will feature a wide range of films, including new releases like Roll No.52 starring Nagarjuna and Amala Akkineni, the much-anticipated Fauji 2.0 featuring Gauhar Khan, and Guneet Monga Kapoor’s Kicking . These films, among others, will be streamed during the IFFI 2024, further enhancing the platform’s reach and engagement. Waves is set to become a game-changer in the Indian OTT space. By targeting a broad spectrum of audiences—rural and urban alike—it aims to redefine how entertainment, education, and even shopping are consumed in India. The government’s initiative not only supports the country’s growing digital media consumption but also creates new pathways for content creators, producers, and viewers to connect in innovative ways. With the backing of Prasar Bharati, Waves is poised to compete with existing OTT platforms and carve a niche for itself by focusing on diverse, clean, and accessible content that resonates with every household across India. As India continues to embrace digital transformation, Waves may just be the first step in a new era for the country’s entertainment industry. Whether for entertainment, learning, or shopping, Waves promises to be a one-stop destination for all
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DALLAS , Dec. 4, 2024 /PRNewswire/ -- Dallas College is proud to announce the launch of a groundbreaking Bitcoin Mining Certification program. It is designed to meet growing demand for skilled professionals in the cryptocurrency mining industry, as well as empower entrepreneurs and at-home innovators to break new ground in this evolving space. Texas is home to five of the top 10 bitcoin mines in the U.S., and the state's supportive regulatory environment continues to attract significant investment, fueling job creation and local economic growth. "At Dallas College, our mission is to provide innovative programs that align with rapidly expanding industries and meet the needs of Texas' workforce. Our Bitcoin Mining Certification Program exemplifies our commitment to equipping students with the skills and knowledge required to excel in cutting-edge fields and to inspire entrepreneurship in the mining community," said Justin Cunningham , associate vice chancellor of innovation at Dallas College. In addition to hands-on instruction, Bitcoin Mining program participants will receive powerful industry equipment and materials, including their own mining machine to take home. Enrollment Highlights Cost: $4,000 (tuition assistance is available) Hands-on instruction : Intensive, practical training from industry experts Mining machine : Bitmain Antminer S19j Pro 110th (requires two 220v outlets to power and configure) Hearing protection : For safe learning Book : "Ultimate Bitcoin Mining Handbook" Industry-recognized certification : Web3 Certification Board (W3CB) Mining+ Certification through proctored exam The intensive, 48-hour program begins Tues., Dec. 10 . Students attend online lectures from 1-4 p.m. for the first four days ( Dec. 10-13 ) and then move to either hands-on, classroom instruction for the final two days ( Dec. 16-17 ) or an instructor led, at-home, Zoom session ( Dec. 19-20 ), using their own bitcoin machine. ( See details and class schedule here .) Curriculum Overview The Bitcoin Mining Certification Program includes a four-section curriculum designed to provide foundational and advanced knowledge in cryptocurrency mining. "Fundamentals of Bitcoin and Crypto Mining" covers the basics of digital currencies and blockchain technology and gives insight into mining processes, hardware as well as the installation, configuration and optimization of software. "Advanced Technical Aspects of Crypto Mining" explores mining hardware and performance metrics, and covers advanced techniques for software customization and automation, secure and efficient mining network setups, best practices for maintenance and resolving technical issues. "Environmental Impact and Sustainability in Crypto Mining" focuses on energy consumption patterns, renewable energy sources, strategies for reducing environmental impact and engaging with local communities for sustainable practices. "Economics and Investment Strategies in Crypto Mining" evaluates market dynamics affecting profitability, capital requirements, effective business plans and risk management strategies. Innovation at Home and Beyond This program is designed to ignite innovation for students from a wide spectrum of personal and professional backgrounds, offering expertise and equipment to help kick-start a successful business in the cryptocurrency industry. Graduates seeking industry employment could earn $60,000 to $120,000 annually. "We are thrilled to collaborate with Dallas College in pioneering this essential workforce development and entrepreneurial innovation initiative," said Bryant Nielson , executive director of W3CB. "The W3CB Mining+ Certification validates an individual's command of the knowledge and technical ability necessary to become a proficient bitcoin and cryptocurrency miner. "As cryptocurrency mining continues to expand globally, the need for skilled professionals has never been greater within the US," said Ryan Williams , CEO of The Blockchain Academy. "By delivering this first-of-its-kind certification program, we're not only meeting that demand but also paving the way for entrepreneurial innovation in the mining sector." Enrollment Information Interested students can get more information about the course and enroll in the Bitcoin Mining Certification Program, by visiting https://web3.dallascollege.edu/ bitcoin -mining-bootcamp/ or emailing [email protected] . About Dallas College Celebrating its 60th anniversary in 2025, Dallas College consists of seven campuses—Brookhaven, Cedar Valley, Eastfield, El Centro, Mountain View, North Lake and Richland—plus a dozen centers located throughout Dallas County . As one of the largest community colleges in the U.S., Dallas College offers online and in-person learning, serving more than 127,000 credit, workforce and continuing education students annually. Students benefit from partnerships with local school districts, four-year universities, industry and community leaders. Dallas College offers associate degrees and career/technical certificate programs in more than 100 areas of study, as well as bachelor's degrees in education and nursing. As the largest provider of dual credit in Texas , Dallas College serves 30,000 high school students through 63 dual credit programs. www.dallascollege.edu About The Blockchain Academy The Blockchain Academy is a leading education provider specializing in Web3, blockchain, and digital asset technologies. Offering a wide range of courses from beginner to advanced levels, The Blockchain Academy empowers individuals, entrepreneurs, and organizations to thrive in the evolving blockchain space. With a focus on practical, real-world applications, The Blockchain Academy provides learning experiences that translate into tangible career opportunities in the blockchain industry. About Web3 Certification Board The Web3 Certification Board (W3CB) is an independent body dedicated to validating proficiency in blockchain, cryptocurrency , and decentralized technologies through industry-recognized certifications. W3CB works with educational institutions, industry partners, and leading experts to develop high-quality standards and certification exams that prepare individuals for the rapidly evolving Web3 ecosystem. The W3CB Mining+ Certification represents a standard of excellence for professionals in the cryptocurrency mining industry. SOURCE Dallas College
Third quarter revenue totaled $173.4 million , representing an increase of 19% year-over-year. Trailing four quarter average Net Dollar Retention Rate was 109% at the end of the third quarter of fiscal 2025 as compared to 119% at the end of third quarter of fiscal 2024 . Third quarter GAAP RPO totaled $775.4 million , representing an increase of 14% year-over-year; third quarter current GAAP RPO totaled $481.4 million , representing an increase of 20% year-over-year. Third quarter non-GAAP RPO totaled $795.6 million , representing an increase of 14% year-over-year; third quarter current non-GAAP RPO totaled $499.4 million , representing an increase of 19% year-over-year. SAN FRANCISCO, Dec. 05, 2024 (GLOBE NEWSWIRE) -- HashiCorp, Inc. (NASDAQ: HCP), The Infrastructure CloudTM company, today announced financial results for its third quarter of fiscal 2025, ended October 31, 2024. “The HashiCorp team delivered strong performance during the third quarter of fiscal 2025, with revenue growth of 19% year-over-year, and 8% growth in $100,000 customers year-over-year” said Dave McJannet, CEO, HashiCorp. “This quarter we gathered our community of customers, practitioners, and partners at HashiConf in Boston, where we announced critical updates across Infrastructure and Security Lifecycle Management product lines, and also continued work towards closing the company's transaction with IBM.” "HashiCorp continued to see promising growth in adoption of the HashiCorp Cloud Platform, with cloud revenues exceeding 17% of total subscription revenue this quarter" said Werner Schwock, Interim CFO & CAO. "New HashiCorp Cloud Platform features announced this quarter will continue to support our Infrastructure Cloud vision.” Proposed Merger with International Business Machines ("IBM") As announced on April 24, 2024, HashiCorp and IBM have entered into a merger agreement under which IBM will acquire HashiCorp for $35.00 per share in cash, representing an enterprise value of $6.4 billion. HashiCorp stockholders approved the merger agreement on July 15, 2024. The transaction is expected to be completed in the first calendar quarter of 2025, subject to the satisfaction or waiver of the closing conditions in the merger agreement. In light of the proposed transaction with IBM, HashiCorp will not be holding a conference call to discuss financial results or providing financial guidance in conjunction with its third quarter of fiscal 2025 earnings release. Fiscal 2025 Third Quarter Financial Results Revenue: Total revenue was $173.4 million in the third quarter of fiscal 2025, up 19% from $146.1 million in the same period last year. Gross Profit: GAAP gross profit was $143.6 million in the third quarter of fiscal 2025, representing an 83% gross margin, compared to a GAAP gross profit of $120.5 million and an 82% gross margin in the same period last year. Non-GAAP gross profit was $148.4 million in the third quarter of fiscal 2025, representing an 86% non-GAAP gross margin, compared to a non-GAAP gross profit of $125.4 million and an 86% non-GAAP gross margin in the same period last year. Operating Income (Loss): GAAP operating loss was $29.9 million in the third quarter of fiscal 2025, compared to GAAP operating loss of $55.6 million in the same period last year. Non-GAAP operating income was $11.0 million in the third quarter of fiscal 2025, compared to a non-GAAP operating loss of $10.5 million in the same period last year. Net Income (Loss): GAAP net loss was $13.0 million in the third quarter of fiscal 2025, compared to a GAAP net loss of $39.5 million in the same period last year. Non-GAAP net income was $26.9 million in the third quarter of fiscal 2025, compared to a non-GAAP net income of $5.6 million in the same period last year. Net Income (Loss) per Share: GAAP basic and diluted net loss per share was $0.06, based on 203.5 million weighted-average shares outstanding in the third quarter of fiscal 2025, compared to a GAAP net loss per share of $0.20 based on 194.6 million weighted-average shares outstanding in the same period last year. Non-GAAP basic and dilutive net income per share were both $0.13, based on 203.5 million and 211.7 million weighted-average shares outstanding, respectively, in the third quarter of fiscal 2025, compared to a non-GAAP basic and diluted net income per share of $0.03 in the same period last year. Remaining Performance Obligation (RPO): Total RPO was $775.4 million at the end of the third quarter of fiscal 2025, up from $678.2 million in the same period last year. The current portion of GAAP RPO was $481.4 million at the end of the third quarter of fiscal 2025, up from $402.1 million at the end of the same period last year. Total non-GAAP RPO was $795.6 million at the end of the third quarter of fiscal 2025, up from $700.4 million at the end of the same period last year. The current portion of non-GAAP RPO was $499.4 million at the end of the third quarter of fiscal 2025, up from $420.8 million at the end of the same period last year. Cash, cash equivalents, and investments: Net cash provided by operating activities was $38.2 million in the third quarter of fiscal 2025, compared to $8.7 million provided by operating activities in the same period last year. Cash, cash equivalents and short-term investments totaled $1,346.4 million at the end of the third quarter of fiscal 2025, compared to $1,255.7 million at the end of the same period last year. Reconciliations of GAAP financial measures to the most comparable non-GAAP financial measures have been provided in the tables included in this release. Fiscal 2025 Third Quarter and Recent Operating Highlights HashiCorp ended the third quarter of fiscal 2025 with 4,856 customers, up from 4,709 customers at the end of the previous fiscal quarter, and up from 4,354 customers at the end of the third quarter of fiscal 2024. The Company ended the third quarter of fiscal 2025 with 946 customers with equal or greater than $100,000 in Annual Recurring Revenue (“ARR”), up from 934 customers at the end of the previous fiscal quarter and 877 customers at the end of the third quarter of fiscal 2024. Customers with equal to or greater than $100,000 in ARR represented 89% of total revenue in the third quarter of fiscal 2025 compared to 89% in the previous fiscal quarter and 89% in the third quarter of fiscal 2024. Quarterly subscription revenue from HashiCorp Cloud Platform (HCP) reached $29.0 million in the third quarter of fiscal 2025, up from $26.5 million in the previous fiscal quarter and up from $19.9 million in the third quarter of fiscal 2024. The Company's trailing four quarter average Net Dollar Retention Rate was 109% at the end of the third quarter of fiscal 2025, compared to 110% in the previous quarter and 119% at the end of the third quarter of fiscal 2024. About HashiCorp, Inc. HashiCorp is The Infrastructure CloudTM company, helping organizations automate multi-cloud and hybrid environments with Infrastructure Lifecycle Management and Security Lifecycle Management. HashiCorp offers The Infrastructure Cloud on the HashiCorp Cloud Platform (HCP) for managed cloud services, as well as self-hosted enterprise offerings and community source-available products. The company is headquartered in San Francisco, California. For more information, visit hashicorp.com . All product and company names are trademarks or registered trademarks of their respective holders. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Act of 1995, as amended, including, among others, statements about HashiCorp’s business strategy, go-to-market initiatives, revenue growth, and long-term opportunity related to HashiCorp’s product innovation, and the proposed merger with IBM. In some cases you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “likely,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” or similar expressions and the negatives of those terms. Such statements are subject to numerous important factors, risks and uncertainties that may cause actual events or results to differ materially from current expectations and beliefs, including but not limited to risks and uncertainties related to market conditions, HashiCorp and its business as set forth in our filings with the Securities and Exchange Commission (“SEC”) pursuant to our Annual Report on Form 10-K dated March 20, 2024, Quarterly Report on Form 10-Q dated December 5, 2024, and our future reports that we may file from time to time with the SEC. These documents contain and identify important factors that could cause the actual results for HashiCorp to differ materially from those contained in HashiCorp’s forward-looking statements. Any forward-looking statements contained in this press release speak only as of the date hereof, and HashiCorp specifically disclaims any obligation to update any forward-looking statement, except as required by law. Use of Non-GAAP Financial Measures In addition to our results determined in accordance with GAAP, we have disclosed non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating loss, non-GAAP net loss, non-GAAP net loss per share, non-GAAP free cash flow and total and current non-GAAP RPOs, which are all non-GAAP financial measures. We have provided tabular reconciliations of each non-GAAP financial measure to its most directly comparable GAAP financial measure at the end of this release. We calculate non-GAAP gross profit as GAAP gross profit before amortization of stock-based compensation included in the amortized expenses of capitalized internal-use software, stock-based compensation expense, and amortization of acquired intangibles included in cost of revenue. We calculate non-GAAP gross margin as GAAP gross margin before the impact of stock-based compensation of capitalized internal-use software, stock-based compensation expense and amortization of acquired intangibles included in cost of revenue as a percentage of revenue. We calculate non-GAAP operating loss as GAAP operating loss before amortization of stock-based compensation of capitalized internal-use software, stock-based compensation expense, amortization of acquired intangibles, and merger and acquisition-related expenses. We calculate non-GAAP net income (loss) as GAAP net loss before amortization of stock-based compensation of capitalized internal-use software, stock-based compensation expense, amortization of acquired intangibles, and merger and acquisition-related expenses, which comprise one-time costs associated with advisory, legal, and other professional fees, net of tax adjustments. We calculate non-GAAP net income (loss) per share as non-GAAP net income (loss) divided by weighted average shares outstanding (basic and diluted). We calculate non-GAAP free cash flow as net cash provided by (used in) operating activities less purchases of property and equipment and capitalized internal-use software costs. Non-GAAP free cash flow as a % of revenue is calculated as non-GAAP free cash flow divided by total revenue. We calculate non-GAAP RPOs as RPOs plus customer deposits, which are refundable pre-paid amounts, based on the timing of when these customer deposits are expected to be recognized as revenue in future periods. The current portion of non-GAAP RPO represents the amount to be recognized as revenue over the next 12 months. Our management team uses these non-GAAP financial measures internally in analyzing our financial results and believe they are useful to investors, as a supplement to GAAP measures, in evaluating our ongoing operational performance. We believe that the use of these non-GAAP financial measures provides an additional tool for investors to use in evaluating ongoing operating results and trends and in comparing our financial results with other companies in our industry, many of which present similar non-GAAP financial measures to investors. Non-GAAP financial measures have limitations as an analytical tool and should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. In particular, other companies may report non-GAAP gross profit, non-GAAP gross margin, non-GAAP loss from operations, non-GAAP net income (loss), non-GAAP net income (loss) per share, non-GAAP free cash flow, non-GAAP RPOs or similarly titled measures but calculate them differently, which reduces their usefulness as comparative measures. Investors are encouraged to review the reconciliation of these non-GAAP measures to their most directly comparable GAAP financial measures, as presented below. This earnings press release and any future releases containing such non-GAAP reconciliations can also be found on the Investor Relations page of our website at https://ir.hashicorp.com . (1) The adjustments relate to the tax impact of stock-based compensation expense and amortization of acquired intangibles. (1) For the reconciliation of GAAP to non-GAAP for the historical periods presented, refer to our prior earning releases. (2) Amount is less than 1%. (1) For the reconciliation of GAAP to non-GAAP for the historical periods presented, refer to our prior earning releases. Investor Contact HashiCorp ir@hashicorp.com Media Contact Kate Lehman HashiCorp media@hashicorp.comUS nerve center to combat China and Russia global propaganda shut down by GOP opposition
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Blame it on the food and drink?
LG Energy Solution Hosts 'Battery Innovation Contest (BIC) 2025' to Foster Breakthrough Battery TechnologiesGreen and Jamiel score long TDs and Lehigh rallies to defeat Richmond 20-16 in FCS playoff opener
Whether the election of Sokratis Famellos as leader of SYRIZA is a new start for the left or just another episode in the party’s implosion is difficult to determine at present. Certainly, the SYRIZA story over the last year has been a tragicomedy that has never failed to surprise. With just 47 MPs after a stunning electoral defeat in June of last year, SYRIZA comprises just 29 of them now. It has been an incredible psychodrama of four successive splits. The actors apparently believed they were on the stage at Herodes Atticus, but what the audience saw was a melodrama worthy of trashy afternoon TV. They have simply switched off. At a smaller theater, PASOK has asked itself some serious questions, but has not really found the answers. Whether the new collective leadership of PASOK can be sustained and whether it can have an impact remains to be seen. But having been condemned to be a sideshow, it has now found itself in the spotlight – though not primarily because of its own efforts. The implosion of SYRIZA has made the dwarf of PASOK into a self-declared giant. Beyond these dramas, however, is a very important question – or, rather, two questions. What is the “left”? And, what is it for? Both questions apparently weighed on the mind of Alexis Tsipras as he stood down as SYRIZA leader. Both now take on a wider resonance with center-left PASOK coming to the front of the stage. Political time is different from ordinary time, as Lenin noted. The change that is wanted can be delayed for what seems an eternity until a new leader emerges who can seize the opportunity. Today in Europe, the identity and purpose of the left, broadly or narrowly defined, is again unclear. The squabbles have recurred in France. The left is almost invisible in Italy. Olaf Scholz and his SPD in Germany face almost certain defeat in February’s early elections. Pedro Sanchez’s position in Spain is very fragile. Keir Starmer has only been British PM since July, but he’s struggling to establish a strong narrative as to why he is in power. In Greece, PASOK has lacked a strong raison d’etre for 15 years, since George Papandreou elaborated his new alternative in 2009. In 2015, SYRIZA came to power not because it had created a radical ideological hegemony, but because voters wanted to fight back against the Troika. When the struggle failed, Tsipras was left with an appeal that was more managerial than ideological. Is Famellos – SYRIZA’s erstwhile parliamentary leader and a former junior minister – the figure to overcome these weaknesses and turn the party’s fortunes around? He seems to be the answer merely because he isn’t Stefanos Kasselakis. In any event, rivals like Pavlos Polakis still have the scope to undermine him. Everyone knows that a winning alternative to Kyriakos Mitsotakis will require a party or an alliance that can unite the center-left and left. Like in France before Mitterrand, though, voters are obliged to sit and wait for a new plausible leader to emerge. Certain realities appear, however. Nikos Androulakis has hitherto lacked the stature to unite a fragmented left. Kasselakis now struggles to remain relevant, as do other smaller parties. Famellos, at present, has no greater weight than the others. That leaves Tsipras, a man watching, waiting, and perhaps meddling. At present, he remains too toxic a figure for some in PASOK. But this may lessen. He would have far more leverage to remold the left after the next election if Mitsotakis had won again, and Androulakis had not performed above expectations. The best calculation for Tsipras is to wait for the Darwinian struggle among the current players to show they all lack strength to win. SYRIZA needs a quick “win” – such as bringing former finance minister Euclid Tsakalotos and former labor minister Effie Achtsioglou back in – to restore its profile and to show it is changing the landscape. But whether Famellos can be the animateur of such a regrouping is open to serious doubt. Again, the logic of regrouping favors Tsipras, but not yet. As we wait for the political clock to move forward, the frustrating irony – not just in Greece, but also across Europe – is that so many of the biggest issues we face should logically favor the center-left or left. Whether it is climate change, securing energy supplies, managing an aging population, or upgrading skills for tomorrow’s labor market, there is an agenda that favors a more proactive state: The pendulum has shifted away from austerity and neoliberalism. But despite these favorable conditions, Greece waits for a leader who can reshape the opposition. At least part of the audience wants no more of the cheap drama. Kevin Featherstone is emeritus professor at the London School of Economics.
The company opens international research contest to strengthen technology leadership; open for entries until January 31, 2025 Selected researchers to receive annual research funding of up to USD 150,000 annually BIC program revamped to enhance two-way collaboration between industry and academia SEOUL, South Korea , Dec. 26, 2024 /PRNewswire/ -- LG Energy Solution (KRX: 373220) has announced its launch of the 'Battery Innovation Contest (BIC) 2025' to identify and support the next groundbreaking battery technologies. Innovators from universities and research institutions worldwide are encouraged to submit proposals until January 31, 2025 , at https://bridge.lgensol.com/ . Since its inaugural competition in 2017, BIC has been LG Energy Solution's flagship research contest. This year's edition has been revamped to foster greater collaboration between academia and industry. Selected researchers will receive annual research funding of up to USD 150,000 annually. Additional funding may be granted to projects making significant achievements through extended contracts. Maximizing Industry–Academia Benefits through Two-way Communication Unlike previous iterations of the competition, 'BIC 2025' allows participants to submit proposals on specific topics pre-announced by LG Energy Solution. "By presenting specific research optics, we aim to go beyond merely supporting academia and maximize the mutual benefits between the industry and academia," said an LG Energy Solution spokesperson. To facilitate active collaboration, LG Energy Solution has introduced the ' BRIDGE ' system, a platform designed to manage open innovation programs like BIC. The system facilitates seamless collaborations with features that help teams working on joint research projects track their objectives and deliverables. LG Energy Solution has unveiled the preselected 18 research topics for collaborative projects on the ' BRIDGE ' platform, such Battery Safety diagnosis algorithm technology and New materials for LFP Batteries topic. At the same time, the contest retains its traditional format to ensure participants are free to propose completely original research ideas. All research proposals must be submitted through the ' BRIDGE ' system. "Providing Differentiated Customer Value via Enhanced Technology Leadership" To protect the original ideas of every participant, LG Energy Solution has split the application process into two stages: initial proposals that provide concise information, followed by detailed proposals from a shortlist of candidates. This change aims to safeguard the ideas of researchers not selected for funding. "The BIC platform serves as a bridge of wisdom between members of academia and industry, driving technological innovation for the all-important battery sector," said Je-Young Kim , CTO of LG Energy Solution. "Through this initiative, we aim to provide differentiated value to our customers by strengthening our technology leadership." As of today, LG Energy Solution has supported 26 battery research projects through the 'BIC' initiative, with some evolving into large-scale projects that have received additional funding and resources. Thanks to the success of this competition, the company continues to establish partnerships with world-leading universities and research institutions, reinforcing its commitment to preparing the battery field for the future. About LG Energy Solution LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 58,000 patents. Its robust global network, which spans North America, Europe, and Asia , includes battery manufacturing facilities established through joint ventures with major automakers. Committed to building sustainable battery ecosystem, LG Energy Solution aims to achieve carbon neutrality across its value chain by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution's ideas and innovations, visit https://news.lgensol.com . View original content: https://www.prnewswire.com/news-releases/lg-energy-solution-hosts-battery-innovation-contest-bic-2025-to-foster-breakthrough-battery-technologies-302339134.html SOURCE LG Energy SolutionFox News loses bid for Smartmatic voting-tech company's records about Philippines bribery case
The NHL has handed down its verdict for Zach Whitecloud 's controversial hit on Matthew Knies, and the decision itself comes with controversy. On Wednesday night, Vegas Golden Knights ' Zach Whitecloud ended up giving Toronto's Matthews Knies a very rough hit that left Knies shaken. A scrum immediately ensued as Knies made it under his own power to the bench and then left the game and did not return. Originally called a major penalty, Whitecloud got off scot-free as Leafs fans were irate. Those fans thought surely the NHL wouldn't overlook this hit against one of its brightest up-and-coming stars, right? Well as always, the NHL tends to make the wrong decision when it comes to player safety. TSN's Darren Dreger joined Gino Reda and reported that the league has reviewed the hit and decided not to punish Whitecloud: Instinctually I'm told that hit, while devastating, and it left Matthew Knies on the sideline...an experienced referee wouldn't call it a major. Why wouldn't you call it a major though? We've seen it in other situations this year. You have the technology, and you have the ability to get it right. But here's where people get confused. When referees put the headset on and look at the tablet they think there are 12 guys talking them through it. Hockey ops isn't beyond the supervising referee who is directing the video traffic who ultimately makes that call. It was the ref as soon as they saw the evidence, that rescinded. They think there are several voices in that opinion and that is simply not true.' As of it being past 5PM ET, there is no longer the ability to punish Whitecloud even if they wanted to. While the referees didn't see it as an illegal hit, that didn't stop other analysts, pundits, and fans from giving their own take on the matter. Paul Bissonnette was on the ref's side, a rarity given his Leafs fandom. However, many were quick to point out that Whitecloud's feet indeed left the ice and his increased height over everyone wasn't just a mid-game growth spurt. It's a controversial hit that has undoubtedly caused a whirlwind of debate and frustration from both sides of the coin. All we can hope is that Knies isn't hurt too badly. The focus should turn now to making sure Knies is okay going forward. The league and the refs already made their call. Let's move on and get your revenge on the ice. This article first appeared on Hockey Patrol and was syndicated with permission.Coach Bill O’Brien talks about BC football’s 27-player recruiting class
According to UFC President Dana White, No. 2-ranked Umar Nurmagomedov is next in line for a title shot against reigning bantamweight champion Merab Dvalishvili. However, Nurmagomedov might have irritated White and the rest of the UFC brass with an image he posted on his social media on Sunday. Nurmagomedov has been embroiled in a feud with Dvalishvili on social media. Dvalishvili’s perceived hesitation to face Nurmagomedov in his first title defense—after winning the belt in September in the main event of Noche UFC —is at the root of the conflict. Dvalishvili took to social media on Saturday morning to praise No. 3-ranked Petr Yan’s win over Deiveson Figueiredo. Yan challenged Dvalishvili to a rematch, as the champion defeated him in March 2023, and Dvalishvili accepted. This sparked a tirade on social media from Nurmagomedov. Some suspect that Nurmagomedov’s manager, Ali Abdelaziz, runs his social media account, but a short video featuring Nurmagomedov was posted to refute those suspicions. Amid the string of posts, Nurmagomedov shared an image of himself working out alongside his cousin and former lightweight champion, Khabib Nurmagomedov. In the image, Umar is wearing a PFL T-shirt. The PFL (Professional Fighters League) is a rival mixed martial arts organization that currently has Umar’s cousin, Usman Nurmagomedov, under contract. Usman is the Bellator welterweight champion, a title now owned by the PFL. It’s entirely possible Umar was simply wearing a random T-shirt available to him—especially if Usman was in the gym and, as family, they share clothing. However, the peculiar aspect is that someone chose to post an image of a high-profile UFC fighter wearing a PFL T-shirt. White has criticized the PFL throughout the year, focusing on its acquisition of Bellator and other business decisions. The biggest sticking point for White has been related to former UFC heavyweight champion and reigning PFL Super Fights champion Francis Ngannou. Ngannou left the UFC as its heavyweight champion and signed with the PFL. After scoring a KO win over Renan Ferreira in his only MMA bout since leaving the UFC, many still consider Ngannou the lineal heavyweight champion of the world. Ngannou’s departure represents perhaps the only significant loss the UFC has suffered in fighter acquisition and retention. Beyond the natural competition between the two promotions, Ngannou’s situation has added to the tension. That tension makes it unusual to see a UFC fighter posting an image of themselves wearing a PFL T-shirt. We’ll see if Nurmagomedov holds his position as the next challenger for Dvalishvili. Nurmagomedov will not fight during Ramadan (Feb. 28–March 25), and Dvalishvili seems to want to fight in March. If Nurmagomedov doesn’t get the first shot, it won’t be because of the T-shirt; it’ll be because Dvalishvili is ready to defend and doesn’t want to wait for the challenger.The standard Lorem Ipsum passage, used since the 1500s "Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum." Section 1.10.32 of "de Finibus Bonorum et Malorum", written by Cicero in 45 BC "Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur?" Thanks for your interest in Kalkine Media's content! To continue reading, please log in to your account or create your free account with us.