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This undated photo courtesy of the Philippine Stock Exchange Inc. (PSE) shows (from left) PSE Capital Markets Development Division Head Mark Frederick V. Visda, PSE Technology Division Head Philip A. Driz, PSE General Counsel Veronica V. Del Rosario, PSE COO Roel A. Refran, PSE President and CEO Ramon S. Monzon, PSE Issuer Regulation Division Head Marigel B. Garcia, Securities Clearing Corp. of the Philippines COO Renee D. Rubio, and PSE Market Operations Division Head Roel M. Villanueva. The Philippine Stock Exchange index ended the trading year at 6,528.79 points, up by 78.75 points or 1.2 percent from its close of 6,450.04 in 2023. This marked the first time that the PSEi closed higher year-on-year since 2019. Philippine Stock Exchange Inc.FORT SMITH, Ark., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Rally House, a national sports apparel and merchandise retailer, officially opened their doors to their newest Arkansas storefront location on Friday, November 22 nd , with Rally House Fort Smith Pavilions. Rally House Fort Smith Pavilions is the company’s fourth new storefront to open in Arkansas this year, bringing their total store count in the state up to seven locations. Find Rally House in the Fort Smith Pavilions shopping center, between Michael’s and Best Buy. Rally House Fort Smith Pavilions helps fill the need of a premier, high-quality sports merchandise retailer in the Fort Smith area. This brick-and-mortar location will be home to a vast assortment of Arkansas Razorbacks merchandise but will also carry great products for other celebrated teams in the area including the Dallas Cowboys, Kansas City Chiefs, Texas Rangers, Arkansas State, and Central Arkansas, among others. The product selection Rally House Fort Smith Pavilions provides will be everchanging as the company is constantly restocking their shelves with the most popular gear and newest styles. “We are so excited to be open in Fort Smith and ready to help customers cross everyone off on their list for this holiday season,” says VP of Marketing Strategy, Aaron Johnson. “Rally House Fort Smith Pavilions is a great spot for us to open in, they have some of the most passionate fans in all of sports there and will be a convenient location for traveling fans to stop in on their way to Fayetteville from southern and western Arkansas,” added Johnson. Rally House Fort Smith Pavilions provides residents and visitors of the area a unique shopping experience with a wide selection of team products to browse in-store. Pairing alongside their officially licensed team merchandise, Rally House also carries locally inspired products and gifts celebrating area businesses, landmarks, and destinations. There is truly something for every fan at Rally House Fort Smith Pavilions. The staff at Rally House Fort Smith Pavilions is eager to assist customers and the company looks forward to further expanding their presence in the state of Arkansas. Customers are invited to visit Rally House Fort Smith Pavilions store page and follow the company on Instagram ( @rally_house ) and Facebook ( @RallyHouse ) for updates and current store information. About Rally House Rally House and Sampler Stores Inc. is a family-owned specialty boutique that offers a large selection of apparel, hats, gifts and home décor representing local NCAA, NFL, MLB, NBA, NHL, and MLS teams in addition to locally inspired apparel, gifts and food. Proudly based in Lenexa, Kansas, Rally House operates 275+ locations across 23 states. CONTACT: Aaron Johnson, VP of Marketing Strategy media@rallyhouse.comDonald Trump has urged the US Supreme Court to pause a federal TikTok law that would ban the popular social media app or force its sale, with the Republican US President-elect arguing that he should have time after taking office to pursue a "political resolution" to the issue. or signup to continue reading TikTok and its owner ByteDance are fighting to keep the popular app online in the United States after Congress voted in April to ban it unless the app's Chinese parent company sells it by January 19. They have sought to have the law struck down, and the Supreme Court has agreed to hear the case. But if the court does not rule in ByteDance's favour and no divestment occurs, the app could be effectively banned in the United States on January 19, one day before Trump takes office. "This case presents an unprecedented, novel, and difficult tension between free-speech rights on one side, and foreign policy and national security concerns on the other," Trump said in a filing on Friday. "Such a stay would vitally grant President Trump the opportunity to pursue a political resolution that could obviate the Court's need to decide these constitutionally significant questions," the filing added. Free speech advocates separately told the Supreme Court on Friday that the US law against Chinese-owned TikTok evokes the censorship regimes put in place by the United States' authoritarian enemies. Trump indicated earlier this week that he favoured allowing TikTok to keep operating in the United States for at least a little while, saying he had received billions of views on the social media platform during his presidential campaign. The US Justice Department has argued that Chinese control of TikTok poses a continuing threat to national security, a position supported by most US lawmakers. TikTok says the Justice Department has misstated the social media app's ties to China, arguing that its content recommendation engine and user data are stored in the United States on cloud servers operated by Oracle Corp. The company added that content moderation decisions that affect US users are made in the United States. DAILY Today's top stories curated by our news team. WEEKDAYS Grab a quick bite of today's latest news from around the region and the nation. WEEKLY The latest news, results & expert analysis. WEEKDAYS Catch up on the news of the day and unwind with great reading for your evening. WEEKLY Get the editor's insights: what's happening & why it matters. WEEKLY Love footy? We've got all the action covered. WEEKLY Every Saturday and Tuesday, explore destinations deals, tips & travel writing to transport you around the globe. WEEKLY Going out or staying in? Find out what's on. WEEKDAYS Sharp. Close to the ground. Digging deep. Your weekday morning newsletter on national affairs, politics and more. TWICE WEEKLY Your essential national news digest: all the big issues on Wednesday and great reading every Saturday. WEEKLY Get news, reviews and expert insights every Thursday from CarExpert, ACM's exclusive motoring partner. TWICE WEEKLY Get real, Australia! Let the ACM network's editors and journalists bring you news and views from all over. AS IT HAPPENS Be the first to know when news breaks. DAILY Your digital replica of Today's Paper. Ready to read from 5am! DAILY Test your skills with interactive crosswords, sudoku & trivia. Fresh daily! Advertisement Advertisement

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Lawmakers edge closer to deal on government fundingGulf Warehousing Company (GWC) has announced that its wholly owned subsidiary, GWC Energy Services, has signed a memorandum of understanding (MoU) with Saudi Offshore Fabrication Company (OFC) to develop 100,000 square metres of Grade ‘A’ logistics facilities at Ras Al-Khair Industrial Port in Saudi Arabia. The MoU was signed by Matthew Kearns, Deputy CEO, GWC; and Fahhad Alharbi, CEO of OFC. Under this agreement, GWC Energy Services will develop OFC’s storage and logistics facilities, leveraging its expertise in logistics and energy supply chain solutions to ensure the facilities are optimised to serve the clients’ needs. Kearns said, “We are delighted to sign this new MoU with OFC, a distinguished leader in Saudi Arabia’s industrial sector. This collaboration represents a significant step in our expansion strategy and reinforces our commitment to strengthening our footprint in the Saudi market. “Recently, GWC has also signed a head of terms with GFH Financial Group (GFH) to develop 200,000 square metres of Grade ‘A’ logistics facilities across key locations in Saudi Arabia, including Riyadh, Jeddah, and Dammam.” He added: “Combining the expertise of GWC Energy Services with the capabilities of OFC will drive operational excellence and efficiency. This collaboration also underscores our dedication to strengthening our regional presence through strategic partnerships with leading companies, further cementing our position as a leading logistics and supply chain solutions provider across the region.” GWC Energy Services is fully committed to promoting innovation and excellence, providing cutting-edge solutions to clients in the energy sector. These efforts are geared towards enhancing operational efficiency and setting new benchmarks in integrated shipping, logistics, and marine services for companies in Qatar, across the GCC and globally. Alharbi stated: “Our partnership with GWC Energy Services is a strategic move that aligns with Saudi Arabia's Vision 2030, which seeks to establish the Kingdom as a global logistics hub connecting Asia, Africa, and Europe together. It also paves the way for delivering world-class supply chain solutions and services within the energy sector.” In 2022, Alharbi, CEO and founder, established OFC, as the first Saudi company specialising in manufacturing offshore rigs and providing comprehensive offshore logistics support to drilling contractors, offshore platforms, and subsea pipeline projects for Saudi Aramco and other key players in the Gulf region. Funded by Aramco’s Wa’ed Ventures and the Saudi Social Development Bank, OFC is strategically positioned at Ras Al-Khair Port, proximate to the world’s largest offshore field ‘Safaniyah’, and the King Salman International Complex for Maritime Industries and Services, the largest full-service marine yard in the Middle East. In May 2023, GWC launched its wholly owned subsidiary, GWC Energy, which provides expert logistics solutions for the entire energy cycle. Committed to supporting clients' business growth, GWC Energy places the strategic objectives and ambitions of its customers at the core of its operations. GWC Energy offers complete shipping, maritime, and logistics solutions that are customised for clients in the energy sector. Manpower, equipment, marine logistics, warehousing, supply base management, bunker supply and rig, and mob/demob assistance are among the core service. From humble beginnings in 2004, GWC has expanded its infrastructure to encompass half a million square metres of energy infrastructure, largely clustered in two dedicated hubs to the north and south. These include open yards for pipe laydowns, hazmat storage, and specialised equipment for repair and refurbishment. GWC's strategic placement of hubs, coupled with advanced tracking technology, ensures optimal efficiency in handling gas-related projects.

TORONTO (AP) — Two Canadian Cabinet ministers met with President-elect Donald Trump’s nominee for commerce secretary at Mar-a-Lago on Friday as Canada tries to avoid sweeping tariffs when Trump takes office. Finance Minister Dominic LeBlanc and Foreign Minister Mélanie Joly met with Howard Lutnick, Trump’s nominee for commerce secretary, as well as North Dakota Gov. Doug Burgum, Trump’s pick to lead the Interior Department. Trump has threatened to impose 25% tariffs on all Canadian products if Canada does not stem what he calls a flow of migrants and fentanyl into the United States — even though far fewer of each cross into the U.S. from Canada than from Mexico, which Trump has also threatened. “Minister LeBlanc and Minister Joly had a positive, productive meeting at Mar-a-Lago with Howard Lutnick and Doug Burgum, as a follow-up to the dinner between the Prime Minister and President Trump last month,” said Jean-Sébastien Comeau, a spokesman for LeBlanc. Comeau said both ministers outlined the measures in Canada’s billion-dollar plan to increase security at the border and reiterated “the shared commitment to strengthen border security as well as combat the harm caused by fentanyl to save Canadian and American lives.” RELATED COVERAGE Judge signals that contempt hearing for Rudy Giuliani over his assets might not go well for him Trump asks Supreme Court to delay TikTok ban so he can weigh in after he takes office Janet Yellen tells Congress US could hit debt limit in mid-January Comeau said Lutnick and Burgum agreed to relay the information to Trump. The Trump transition team did not immediately respond to a message seeking comment. Further discussions are expected in the coming weeks. Joly will also have dinner with U.S. Sen. Lindsey Graham on Friday. Trump has been trolling Prime Minister Justin Trudeau on social media in recent weeks by calling him the Governor of the 51st state. Flows of migrants and seizures of drugs are vastly different at the U.S.’s two land borders. U.S. customs agents seized 43 pounds of fentanyl at the Canadian border during the last fiscal year, compared with 21,100 pounds at the Mexican border. Most of the fentanyl reaching the U.S. — where it causes about 70,000 overdose deaths annually — is made by Mexican drug cartels using precursor chemicals smuggled from Asia. On immigration, the U.S. Border Patrol reported 1.53 million encounters with migrants at the southwest border with Mexico between October 2023 and September 2024. That compares to 23,721 encounters at the Canadian border during that time. Trump has also made an issue of the U.S. trade deficit with Canada, erroneously calling it a subsidy. Canada’s ambassador to Washington, Kirsten Hillman, has said the U.S. had a $75 billion trade deficit with Canada last year. But she noted a third of what Canada sells into the U.S. are energy exports and said there is a deficit when oil prices are high. About 60% of U.S. crude oil imports and 85% of U.S. electricity imports are from Canada. Alberta alone sends 4.3 million barrel s of oil per day to the U.S which tends to consume about 20 million barrels a day. Nearly $3.6 billion Canadian dollars ($2.7 billion) worth of goods and services cross the border each day. Canada is the top export destination for 36 U.S. states. Trudeau has told Trump that Americans would also suffer if the president-elect follows through on a plan to impose sweeping tariffs on Canadian products .The year of the Jubilee has begun!"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?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" 1914 translation by H. Rackham "But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. No one rejects, dislikes, or avoids pleasure itself, because it is pleasure, but because those who do not know how to pursue pleasure rationally encounter consequences that are extremely painful. Nor again is there anyone who loves or pursues or desires to obtain pain of itself, because it is pain, but because occasionally circumstances occur in which toil and pain can procure him some great pleasure. To take a trivial example, which of us ever undertakes laborious physical exercise, except to obtain some advantage from it? But who has any right to find fault with a man who chooses to enjoy a pleasure that has no annoying consequences, or one who avoids a pain that produces no resultant pleasure?" To keep reading, please log in to your account, create a free account, or simply fill out the form below.

Australia will be able to withdraw $600m in funding for a PNG rugby league team at anytime and without cause under a 10-year deal struck to financially back the expansion side that will enter the NRL in 2028. The Australian government will not release terms of the deal between the two countries, which sits alongside the bilateral security agreement that comes into force on Thursday, but officials have described the arrangement as based on shared strategic trust. The deal, which starts in the current year and expires in 2034-35, includes the construction of a compound to accommodate players and tax breaks to assist in recruitment. Prime minister and rugby league fan Anthony Albanese said the deal – which has been years in the making – was about more than sport, and would bring benefits to the PNG economy and those living in the region. “Rugby league is PNG’s national sport, and PNG deserves a national team,” he said. ARLC chair Peter V’landys said the deal was a “historic step” for the sport, Australia, PNG and more broadly the entire Pacific region. “Rugby league isn’t just sport, it’s a social force for good – a way to improve lives and build stronger communities,” V’landys said. “The new PNG team provides the NRL with a new 10 million-plus audience many who will go from being casual fans into engaged fans. Just as importantly the pathways investments will provide many new and exciting players to the game. The spending is split roughly in half between the NRL club and other rugby league-related development activities in the Pacific. $290m will go towards the NRL franchise and $250m is for rugby league programs in the region. $60m will be paid directly to the NRL as a licence fee, which is expected to be shared between existing clubs. $120m of the money committed will come from existing government programmes, leaving an average annual cost to the budget of $48m. The arrangement also involves more than $100m investment from Papua New Guinea which will build new facilities and accommodation for players and staff as well as fund the tax breaks. Australia has provided more than $1.4bn to the PNG Treasury in the past three years according to the Lowy Institute. The PNG government hopes Australian tourists will also travel to Port Moresby to watch matches involved the new team. About 10,000 Australians currently live in PNG, and approximately the same number of PNG nationals currently reside in Australia. The PNG Hunters have played in the senior Queensland Cup competition – one tier below the NRL – since 2014 and were premiers in 2017. At $60m a year, the investment is dwarfed by Australia’s overall spending in the Pacific, which the government claims reached $2bn for the first time in 2024-25. The deal has been secured by the signing of detailed term sheets involving the two governments and the NRL, but Australian officials expect the long-form agreements to be signed within weeks.

Special counsel moves to abandon election interference and classified documents cases against Trump

Greg Gumbel, the legendary CBS broadcaster who spent more than 50 years on the airwaves, died on Friday. He was 78. Gumbel’s family revealed in a statement to CBS that he died following a battle with cancer. “It is with profound sadness that we share the passing of our beloved husband and father, Greg Gumbel,” the family said in the statement.” He passed away peacefully surrounded by much love after a courageous battle with cancer. Greg approached his illness like one would expect he would, with stoicism, grace, and positivity. “He leaves behind a legacy of love, inspiration and dedication to over 50 extraordinary years in the sports broadcast industry; and his iconic voice will never be forgotten.” Gumbel spent a majority of his career on the CBS Sports airwaves. His first stint with the company spanned October 1989 through May 1994. He then went on to to NBC Sports as a host and play-by-play announcer. Gumbel returned to CBS Sports in 1998 as host and play-by-play announcer for The NFL on CBS and college basketball. “The CBS Sports family is devastated by the passing of Greg Gumbel,” said David Berson, the president and CEO of CBS Sports. “There has never been a finer gentleman in all of television. He was beloved and respected by those of us who had the honor to call him a friend and colleague. “A tremendous broadcaster and gifted storyteller, Greg led one of the most remarkable and groundbreaking sports broadcasting careers of all time. He was a familiar and welcoming voice for fans across many sports, including the NFL and March Madness, highlighted by the Super Bowl and Final Four.” The New Orleans native was born on May 3, 1946. He grew up in Chicago and later graduated from Loras College in Dubuque, Iowa, in 1967. Gumbel’s face and voice became synonymous with yearly March Madness coverages on CBS Sports. Fans were also familiar with him each Sunday before and after NFL games. The broadcaster retired from NFL coverage in 2022, but continued his role in college basketball until this year. Gumbel stepped away from covering the 2024 NCAA Tournament. At the time, family health issues was given as the explanation. In Super Bowl XXXV — when the Baltimore Ravens defeated the New York Giants — Gumbel became the first Black person to call play-by-play in a major American sports championship game. And his talents weren’t just limited to football and college hoops. He spent time calling games for the Yankees in MLB. He called NBA games for NBC, CBS and ESPN. He was even featured in NASCAR, the Winter Olympics and Figure Skating Championships.

As artificial intelligence (AI) companies, creatives, and copyright holders clash, Canada’s has teamed up with another early-stage music technology startup to build what it says will be a “completely legal and licensed” AI song generator. The company has partnered with India-based to develop the new service, which will combine Musical AI’s rights management platform with Beatoven.ai’s AI song generation software. They say the AI song generation model, which they plan to launch in the second half of 2025, will be trained on over three million songs, loops, samples, and sounds—all with permission from and compensation for rights holders. AI has : this partnership comes amid . Many musicians have against more predatory applications of AI to music, while others have the technology as a tool for supporting their work. Meanwhile, some of the companies powering the creation of AI songs have from record labels alleging that they have scraped copyrighted songs to train their models without consent. “Generative AI is already playing a significant role in music creation,” Musical AI co-founder and CEO Sean Power told BetaKit over email. “Rather than fighting it, we believe that it’s important to lead by example in creating tools that honour artists’ contributions and compensate them fairly.” Beatoven.ai is among the growing group of AI companies that help users generate full songs based on text, audio, and video prompts. It has gathered traction as a tool for making royalty-free background music for videos, podcasts, audiobooks, games, and other uses: Beatoven.ai claims it has helped over 1.5 million users create more than six million tracks to date. It claims to provide musicians with “equitable compensation” for contributing their music. Enter Musical AI. Founded by Power and two other musicians with experience in tech—COO Matt Adell and CTO Nicolas Gonzalez—the startup has built rights management, licensing, and attribution tech for AI music. “Our aim was to develop a system where rights holders could securely license their music for AI training with proper attribution and compensation, and where AI companies could access high-quality data ethically and legally,” Power said. “We launched Musical AI in late 2023 after recognizing the tension between advancements in AI-generated music and the rights of musicians and record labels,” Power said. “While lawsuits against AI companies for using copyrighted music without consent were a factor (and it was obvious they were coming), our decision was largely driven by a deeper understanding of the need for a collaborative solution.” Musical AI’s software helps intellectual property (IP) holders like musicians and record labels get paid for licensing their musical data to generative AI companies. The startup aims to offer music rights holders access to new revenue streams and help them retain control over how their IP is used, while also protecting AI companies and their clients from lawsuits. Musical AI already has agreements with rights holders like Symphonic and Kanjian. To date, Musical AI has secured $1.3 million USD in equity funding as part of a pre-seed round led by Halifax’s Builder Ventures that it plans to fully close by early 2025. The round saw support from a group of angels including British musician Tommy Danvers of Ministry of Sound and Right Said Fred. The startup intends to raise seed financing during the first quarter of 2025. “We believe with this partnership, we will set the way forward for how business models need to be built in AI with the rightsholders being compensated for the data the models are trained on,” Beatoven.ai founder and CEO Mansoor Rahimat Khan said in a statement. “We have historically been adopting this model in direct partnerships with independent artists and by joining hands with Musical AI we will build a sustainable revenue-sharing model using their attribution technology.” Though this partnership with Beatoven.ai, Musical AI will provide data licensing, attribution of generated outputs, and payments to rights holders, who the company said will receive “an appropriate share” of the model’s revenue based on usage, likening it to how they are paid when music is streamed on a commercial service. This AI song generation model will be trained on the existing rights holder catalogues of Musical AI. “As musicians ourselves, we view AI as a valuable addition to the industry—one that opens up new possibilities without diminishing the role of the human at the centre of the creative process,” Power said. “It’s crucial to us that AI models respect and acknowledge the contributions of human creators, which is why proper rights management and attribution are at the core of what we do.” Power said it is up to artists and listeners to shape the future of music and AI. “Whether AI is used as tools to help song creation, or to generate background music for content, or even to create entire songs without human input—consumer preferences will drive these developments,” he said. Musical AI hopes to ensure that it is “used in a way that benefits everyone.”

UN nuclear watchdog board passes resolution chiding Iran

South Korea’s plan to roll out the AI Digital Textbook system in 2025 has sparked some controversy. It is an ambitious project, and there’s nothing quite like it anywhere else in the world. But the boldness of the idea is matched by the intensity of the concerns it raises. The sheer cost, the way it is being implemented as a national policy and whether AI will truly help or hurt education have left people divided and questioning its viability. The AIDT is not just another digital textbook. Traditional digital textbooks are essentially scanned pages of printed books made for screens. The AIDT goes far beyond that with AI-powered features designed to offer personalized learning. It acts like a digital tutor, tracking students’ progress and tailoring content to their needs. Advanced learners get more challenging materials while struggling students get extra support. In theory, the AIDT could help close achievement gaps in Korea’s classrooms. Hagwon have long been a crutch for families competing in the country’s high-pressure education system. If public schools could deliver quality instruction through AIDT, the pressure to use costly private tutoring might lessen, giving students from less privileged backgrounds a fair shot. That’s the promise, though not everyone is sold on it. One major concern is whether spending so much instructional time on digital devices will only disrupt good learning. It’s a valid worry. Research suggests that excessive digital dependence can erode attention spans and rid students of opportunities to process complex ideas and engage in thinking. The fear is that instead of bridging learning gaps, the AIDT might unintentionally widen them. On top of that, AI itself remains a source of anxiety. Generative AI technologies, while impressive, haven’t been around long enough for anyone to fully trust them. Can we really bet an entire education system on AI tools that are far from perfect? The rollout process hasn’t done much to inspire confidence. Teachers feel left out of the conversation and argue they haven’t been adequately trained. There’s also unease over allegations of cozy ties between officials and ed-tech companies. These factors have made the AIDT a political flashpoint. Activists and teachers’ unions have organized petitions and public campaigns calling for the policy to be delayed (for now) or scrapped altogether. Within schools, teachers are split -- some see it as a helpful tool, while others view it as an unwanted imposition threatening their connection to traditional teaching. At the heart of the debate is a tricky question: Will the AIDT reduce educational inequity and improve student learning? Korea’s education system isn’t exactly built to support the changes the AIDT promises. The country’s obsession with test scores and college entrance exams leaves little room for innovation. Success in this system often comes down to rote memorization, relentless practice and a little luck. Lofty ideals like self-directed learning, creativity and personalized instruction -- the hallmarks of AIDT -- aren’t what get students into top colleges. Without systemic change, the AIDT risks becoming just another short-lived promise with little real impact. That’s not to say the technology isn’t impressive. The AIDT comes packed with features like learning path recommendations, automatic feedback and content ideas, all powered by AI. But the reality is that AI shines most when dealing with big data. In a school with thousands of students, the system can identify patterns a human teacher might miss. But in a smaller classroom, a good teacher can often make those same calls just as well. Until we see something truly transformative -- like humanoid robots working alongside teachers (not in my lifetime!) -- many will dismiss the AIDT as overhyped. Some critics have gone so far as to dismiss the AIDT as nothing more than the same old question bank. It’s a harsh take, but one that reflects how education is often viewed in this country. If the AIDT is seen only as a tool for exam prep, its more innovative aspects will likely go unnoticed. So, where does that leave us? The AIDT has the potential to free up time for more interactions between students and teachers. But if it becomes just another cog in the exam machine, drilling students endlessly, the policy could fail spectacularly. At worst, the AIDT might become a cash cow for ed-tech companies while leaving students and teachers more burned out than ever. The AIDT presents a significant opportunity but also a stark reminder that technology alone won’t fix what’s broken in education. For it to succeed, there needs to be a broader policy and paradigm shift -- one that prioritizes civic education, builds a passion for learning, develops life skills and fosters a sense of purpose and belonging. Until then, whether the AIDT becomes a stepping stone or a stumbling block will always depend less on the AI technology itself and more on the people and policies shaping Korea's education system. Lim Woong Lim Woong is a professor of the Graduate School of Education at Yonsei University in Seoul. The views expressed here are the writer’s own. -- Ed.Cook accepts Hula Bowl invite; Missouri loses its first pair of players to the portal

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Qatar tribune Tribune News Network doha Japanese firms are keen to set up semiconductor units in India and they have all the expertise and specialisation to partner with domestic firms, Deloitte has said. It also said that skilled workforce, funds and continuation of support measures are key to push growth of the semiconductor sector in India. Japanese firms are “super enthusiastic” about India, Shingo Kamaya, Deloitte AP and SRT Leader, Deloitte Japan said. In July, Japan became the second Quad partner after the US to sign an agreement with India for the joint development of the semiconductor ecosystem and maintain the resilience of its global supply chain. The two countries signed the memorandum for semiconductor design, manufacturing, equipment research, talent development and to bring resilience in the semiconductor supply chain. With around 100 semiconductor manufacturing plants, Japan is among the top five countries to have a semiconductor ecosystem. Japan houses companies that are global leaders in raw form of semiconductor wafers, chemical and gases, lenses that are used in chip manufacturing equipment, and display technologies. India aspires to have 10 semiconductor manufacturing plants in 10 years. “Given the technology, given the specialization, there is no better partner to get on to developing such an ambitious and a critical ecosystem of semiconductor than Japan,” Rohit Berry, President - Strategy, Risk and Transactions, Deloitte India, said. He said that the semiconductor story in the country is not just about setting up one factory, but it is about that entire ecosystem. “And that is where many Japanese companies who have set up such ecosystems in Japan or in any other places are going to be absolutely critical to set it up (in India). So this is the vision. This is a grand plan. This is the investment. This is the commitment,” he added. Berry also said that developing the right kind of partnerships between Indian and Japanese firms are fundamental for the growth of the sector. “This is not a one year game, it’s not a two year game. This will basically benefit us and Japan for generations,” he noted. He also emphasised that the government incentive program on a sustained basis will also be a key factor for the sector’s growth in India. When asked if Japanese firms are looking for any specific support measures from states, he said that a “centre-state partnership, together with the private and Japanese partnership, all four of them coming together will be a prerequisite to create a once in a lifetime setup”. Copy 05/12/2024 10Piemonte Capital will be the first asset manager focused on developing the data center sector in Brazil and Latin America . Its investment process will prioritize the digitalization of the green economy RIO DE JANEIRO , Nov. 25, 2024 /PRNewswire/ -- Piemonte Holding has announced the creation of Piemonte Capital, its new asset manager dedicated to private equity. With an initial fundraising of R$ 1 billion for its first fund, Piemonte Capital is the first Brazilian asset manager focused exclusively on data centers. The Private Equity fund was designed to address the growing demand for this sector in Brazil and Latin America , which are undergoing an accelerated transition toward a digital economy and Artificial Intelligence deployments. The company will position Brazil's leadership in sustainable data centers operations, the only ones on a global scale that can be powered by renewable energy matrix - which is a critical feature for Big Techs. According to Alessandro Lombardi , founder and CEO of Piemonte Holding, Piemonte Capital will operate with a strong local presence and knowledge, with a strategy tailored to the region's specific needs. "Piemonte Capital offers Brazilian investors an entry point into the data center sector, which has so far been dominated by large international asset managers. We will meet the growing demand for capital allocation in one of the most promising sectors of the economy, developing the right digital infrastructure that Brazil needs." With a differentiated ESG approach, Piemonte Capital will be guided by environmental, social, and governance practices deeply integrated into the investment strategies of its holding company and group businesses. The company's goal is to build a robust investment platform to support innovative and sustainable digital growth, highlighting its unique role on the global stage. One example of this approach is Elea Data Centers, part of the Piemonte Holding group, a pioneer company that promotes sustainable initiatives in the sector, such as issuing green bonds and using 100% renewable energy on its sites. "Brazilian infrastructure is green, which sets us apart from markets that still rely on fossil fuels. We want to create a sustainable data center network that will provide the necessary backbone for the digital revolution in Brazil ," says Alessandro Lombardi . With Brazil now established as one of the largest global hubs for data center industry, Piemonte Capital enters the market to accelerate the sector's growth, meeting the increasing demand for capital. Since 2021, Piemonte Holding has been partner of Goldman Sachs in the Elea Data Center investment project and this new initiative expands the group's investment potential to support its continuous growth. Alessandro Lombardi is recognized as one of the leading voices in digital infrastructure in Latin America and globally and has led investments focused on green financial instruments to enable Artificial Intelligence (AI) in Brazil . Co-founder of Piemonte Capital is Victor Almeida , Investment and Transactions Director, the only Brazilian professional listed this year among the top global talents in digital infrastructure finance under the age of 35. View original content: https://www.prnewswire.com/news-releases/piemonte-holding-launches-an-asset-management-company-with-an-initial-capital-raise-of-r1-billion-302315643.html SOURCE Piemonte Holding Participações S.A © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.