UNC-Greensboro 105, Va.-Lynchburg 50Hidden Potential in AI! Are You Missing Out on a 10,000% Return?

BOONE, N.C. (AP) — Myles Tate led Appalachian State with 20 points and Dior Conners hit the game-winning 3-pointer with one second left as the Mountaineers defeated William & Mary 79-76 on Sunday. Read this article for free: Already have an account? To continue reading, please subscribe: * BOONE, N.C. (AP) — Myles Tate led Appalachian State with 20 points and Dior Conners hit the game-winning 3-pointer with one second left as the Mountaineers defeated William & Mary 79-76 on Sunday. Read unlimited articles for free today: Already have an account? BOONE, N.C. (AP) — Myles Tate led Appalachian State with 20 points and Dior Conners hit the game-winning 3-pointer with one second left as the Mountaineers defeated William & Mary 79-76 on Sunday. Tate had five rebounds and 10 assists for the Mountaineers (3-2). Conners went 5 of 9 from the field (5 for 8 from 3-point range) to add 15 points. CJ Huntley shot 6 of 9 from the field and 1 for 4 from the line to finish with 14 points. Noah Collier led the Tribe (3-5) in scoring, finishing with 19 points and eight rebounds. William & Mary also got 13 points from Malachi Ndur. Kyle Pulliam also had 12 points. Appalachian State went into the half leading William & Mary 42-30. Jamil Muttilib put up 12 points in the half. Tate led Appalachian State with 15 points in the second half. NEXT UP Appalachian State plays Wednesday against Sam Houston, and William & Mary visits Old Dominion on Monday. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar. AdvertisementUNC GREENSBORO 105, VIRGINIA-LYNCHBURG 50

Stran & Company Announces Receipt of Nasdaq Staff Delisting DeterminationYou’re charming and likable because you have excellent people skills. You’re also intelligent and perceptive. Your relationships matter. This has been a year of hard work for you; however, next year will bring exciting changes and increased freedom. Be ready to act fast when new opportunities arise. The stars show the kind of day you’ll have: 5-Dynamic; 4-Positive; 3-Average; 2-So-so; 1-Difficult ARIES (March 21-April 19)  Travel plans might be pie-in-the-sky today; nevertheless, relations with friends will be positive. Meanwhile, you might have less energy to deal with your kids or social situations. It’s like the wind has gone out of your sails. Tonight: You’re admired. This week: Define future goals. TAURUS (April 20-May 20)  Decisions about finances, especially if they include parents or authority figures, will likely favor you today. In turn, you might feel sorry for someone, which is why you have less energy to devote to home and family. Tonight: Explore! This week: What can you do to enrich your life? Travel? Education? GEMINI (May 21-June 20)  Be careful in agreeing to anything or volunteering for anything, because relations with authority figures are subject to confusion, even manipulation. Tonight: Check your finances. This week: Resolve to reduce debt and be financially more solid. CANCER (June 21-July 22)  Issues regarding religion or the law might be confusing today. You’re not sure who to believe. Fortunately, someone might give you money they owe you or do a favor for you. This is timely, because your energy to work is low right now. Tonight: Cooperate. This week: Think about how you can improve your closest relationships. LEO (July 23-Aug. 22)  Don’t worry if you feel tired and not up to the task. You might need naps or opportunities to stop working, because Mars is retrograde in your sign. It feels like something is dragging you down. Romance might be disappointing today. Tonight: Work. This week: What can you do to improve your health and your job? Ideas? VIRGO (Aug. 23-Sept. 22)  When dealing with partners and close friends today, if you feel disappointed, ask yourself if you expressed your expectations ahead of time. Unexpressed expectations generally lead to disappointment. Tonight: Socialize. This week: Resolve to find a good balance between work and play this year. LIBRA (Sept. 23-Oct. 22)  You might feel emotionally confused today. You might even have trouble distinguishing between reality and illusion! Make sure that others are reliable and that no one is trying to call a fast one on you. Say grounded; be cautious. Tonight: Relax. This week: How can you improve family relationships and also the enjoyment of your home? SCORPIO (Oct. 23-Nov. 21)  This is a poor day to make important financial decisions, because someone might deceive you either intentionally or by accident. Fortunately, relations with family members are warm. Tonight: Discussions. This week: People are gregarious. How can you improve your style of communicating? SAGITTARIUS (Nov. 22-Dec. 21)  Today is ripe for emotional confusion, which will lead to misunderstandings or misconceptions. This can lead to mood swings. Fortunately, everyday conversations are charming. Tonight: Check your belongings. This week: This week’s new moon urges you to be financially responsible. CAPRICORN (Dec. 22-Jan. 19)  Feelings of escapism might make you want to run away. Others might feel a heightened intuition and spiritual awareness in a vague, idealistic way. That’s because there’s an element of confusion present today. Sit tight. Tonight: You win! This week: How can you improve your impression on others? AQUARIUS (Jan. 20-Feb. 18)  Be extra clear to avoid misunderstandings when talking to friends and members of groups today. Even though you feel warm and connected to someone, ironically, communications could go south in a New York minute. Tonight: Solitude. This week: This year promises more time to play and enjoy recreational diversions. PISCES (Feb. 19-March 20)  When dealing with bosses, parents and authority figures today, be extra clear in all your communications. Make sure you know what they expect from you. Make sure they understand you. Meanwhile, someone might help you. Tonight: Be friendly. This week: Give thought to your friendships. — King Features SyndicatePORTLAND, Ore. (AP) — Chris Austin's 20 points off of the bench helped lead Portland to a 74-64 victory over Lafayette on Saturday night. Austin shot 6 of 11 from the field and 6 of 7 from the free-throw line for the Pilots (5-8). Austin Rapp scored 15 points while shooting 4 for 6 (2 for 4 from 3-point range) and 5 of 6 from the free-throw line and added eight rebounds. Kelson Gebbers shot 2 for 4 (2 for 3 from 3-point range) and 4 of 4 from the free-throw line to finish with 10 points. Justin Vander Baan led the Leopards (5-7) in scoring, finishing with 17 points and two steals. Lafayette also got 11 points and four assists from Mark Butler. Alex Chaikin also had 11 points. Portland entered halftime up 31-22. Austin paced the team in scoring in the first half with 12 points. Portland used a 14-3 second-half run to come back from a one-point deficit and take the lead at 55-45 with 8:56 remaining in the half before finishing off the victory. Rapp scored nine second-half points. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .

CALGARY, Alberta, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Source Energy Services Ltd. ("Source” or the "Company”) ( TSX: SHLE ) is pleased to announce that it has completed a comprehensive refinancing of its credit facilities by entering into a new five year $135 million (USD) term loan (the "Term Loan”) with Silver Point Finance, LLC ("Silver Point”) and a new $40 million (CND) revolving asset-backed loan ("CIBC ABL”) facility with the Canadian Imperial Bank of Commerce ("CIBC”). Proceeds from the Term Loan will be used to redeem the outstanding 10.5% Senior Secured Notes due March 15, 2025 (the "Notes”) and repay the outstanding amounts drawn on the Company's current asset backed loan facility. The refinancing package provides Source with: The Term Loan agreement with Silver Point matures on December 20, 2029 and bears interest at Term SOFR plus an applicable margin. The Term Loan agreement contains covenants and principal amortization typical for this type of facility. The CIBC ABL facility remains undrawn at close, matures on December 20, 2027, and may be drawn in Canadian or U.S. dollars. Interest rates are determined, using Prime, Base rate, CORRA or SOFR plus an applicable margin, based on average monthly amounts drawn on the facility. The borrowing base formula is applied to accounts receivable and inventory, and the facility contains covenants that are typical for this type of facility. Source has delivered a notice of redemption (the "Redemption Notice”), effective December 19, 2024, for all of its outstanding Notes, representing an aggregate principal value of $140.5 million. As set forth in the Redemption Notice, the redemption date will be January 20, 2024 (the "Redemption Date”) and the redemption price is 100% of the principal amount of the Notes outstanding plus accrued and unpaid interest up to but excluding the Redemption Date, in accordance with the provisions of the indenture governing the Notes (the "Redemption”). This press release does not constitute a notice of redemption of the Notes. Information concerning the terms and conditions of the Redemption is described in the Redemption Notice distributed to holders of the Notes by Computershare Trust Company, as trustee, with respect to the Notes. Beneficial holders of the Notes with any questions about the Redemption should contact their respective brokerage firm or financial institution. A redacted copy of the Silver Point Term Loan agreement and the CIBC ABL agreement will be available on Source's SEDAR Plus Profile at www.sedarplus.ca in accordance with National Instrument 51-102 - Continuous Disclosure Obligations as adopted by the Canadian Securities regulatory authorities. ABOUT SOURCE ENERGY SERVICES Source is a company that focuses on the integrated production and distribution of frac sand, as well as the distribution of other bulk completion materials not produced by Source. Source provides its customers with an end-to-end solution for frac sand supported by its Wisconsin and Peace River mines and processing facilities, its Western Canadian terminal network and its "last mile” logistics capabilities, including its trucking operations, and Sahara, a proprietary well site mobile sand storage and handling system. Source's full-service approach allows customers to rely on its logistics platform to increase reliability of supply and to ensure the timely delivery of frac sand and other bulk completion materials at the well site. ABOUT SILVER POINT Silver Point is a leading global credit investing firm founded in 2002. With a dedicated team of more than 320 employees, Silver Point oversees $37 billion in investable assets across a comprehensive credit platform that includes public and private investment strategies. Silver Point's Direct Lending business has delivered customized financing solutions to middle-market companies across a broad range of industries. It works in close partnership with borrowers, developing a thorough understanding of their businesses and addressing a wide variety of capital needs with speed and certainty. Silver Point's flexible mandate allows clients to execute on M&A activity, refinancings and growth capital, among a range of transaction types. Along with its affiliates, Silver Point's Direct Lending business manages over $15 billion in investable capital. For more information, please visit www.silverpointcapital.com . ABOUT CIBC CIBC is a leading North American financial institution with 14 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at https://www.cibc.com/en/about-cibc/media-centre.html . FORWARD-LOOKING STATEMENTS Certain statements contained in this press release constitute forward-looking statements relating to, without limitation, expectations, intentions, plans and beliefs, including information as to the future events, results of operations and Source's future performance (both operational and financial) and business prospects. In certain cases, forward-looking statements can be identified by the use of words such as "expects”, "believes”, "continues”, "focus”, "trend”, or variations of such words and phrases, or state that certain actions, events or results "may” or "will” be taken, occur or be achieved. Such forward-looking statements reflect Source's beliefs, estimates and opinions regarding its future growth, results of operations, future performance (both operational and financial), and business prospects and opportunities at the time such statements are made, and Source undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or circumstances should change unless required by applicable law. Forward-looking statements are necessarily based upon a number of estimates and assumptions made by Source that are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Forward-looking statements are not guarantees of future performance. In particular, this press release contains forward-looking statements pertaining, but not limited to: the Company's ability to use the proceeds of the Term Loan to redeem the Notes and repay the outstanding amounts drawn on the current asset backed loan facility; the Company's ability to execute on its long-term growth strategies; the Company's ability to de-lever its business over time; and expectations relating to the Redemption, including the terms and conditions of such Redemption and the anticipated timing thereof. By their nature, forward-looking statements involve numerous current assumptions, known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Source to differ materially from those anticipated by Source and described in the forward-looking statements. With respect to the forward-looking statements contained in this press release assumptions have been made regarding, among other things: future oil, natural gas and liquefied natural gas prices; future global economic and financial conditions; future commodity prices, demand for oil and gas and the product mix of such demand; levels of activity in the oil and gas industry in the areas in which Source operates; future capital expenditures to be made by Source; future sources of funding for Source's capital program; Source's future debt levels; the impact of competition on Source; and Source's ability to obtain financing on acceptable terms. A number of factors, risks and uncertainties could cause results to differ materially from those anticipated and described herein including, among others: the effects of competition and pricing pressures; risks inherent in key customer dependence; effects of fluctuations in the price of proppants; risks related to indebtedness and liquidity, including Source's leverage, restrictive covenants in Source's debt instruments and Source's capital requirements; risks related to interest rate fluctuations and foreign exchange rate fluctuations; changes in general economic, financial, market and business conditions in the markets in which Source operates; changes in the technologies used to drill for and produce oil and natural gas; Source's ability to obtain, maintain and renew required permits, licenses and approvals from regulatory authorities; the stringent requirements of and potential changes to applicable legislation, regulations and standards; the ability of Source to comply with unexpected costs of government regulations; liabilities resulting from Source's operations; the results of litigation or regulatory proceedings that may be brought by or against Source; the ability of Source to successfully bid on new contracts and the loss of significant contracts; uninsured and underinsured losses; risks related to the transportation of Source's products, including potential rail line interruptions or a reduction in rail car availability; the geographic and customer concentration of Source; the impact of extreme weather patterns and natural disasters; the impact of climate change risk; the ability of Source to retain and attract qualified management and staff in the markets in which Source operates; labour disputes and work stoppages and risks related to employee health and safety; general risks associated with the oil and natural gas industry, loss of markets, consumer and business spending and borrowing trends; limited, unfavorable, or a lack of access to capital markets; uncertainties inherent in estimating quantities of mineral resources; sand processing problems; implementation of recently issued accounting standards; the use and suitability of Source's accounting estimates and judgments; the impact of information systems and cyber security breaches; the impact of inflation on capital expenditures; and risks and uncertainties related to pandemics such as COVID-19, including changes in energy demand. Although Source has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in the forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will materialize or prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Readers should not place undue reliance on forward-looking statements. These statements speak only as of the date of this press release. Except as may be required by law, Source expressly disclaims any intention or obligation to revise or update any forward-looking statements or information whether as a result of new information, future events or otherwise. Any financial outlook and future-oriented financial information contained in this press release regarding prospective financial performance, financial position or cash flows is based on assumptions about future events, including economic conditions and proposed courses of action based on management's assessment of the relevant information that is currently available. Projected operational information contains forward-looking information and is based on a number of material assumptions and factors, as are set out above. These projections may also be considered to contain future oriented financial information or a financial outlook. The actual results of Source's operations for any period will likely vary from the amounts set forth in these projections and such variations may be material. Actual results will vary from projected results. Readers are cautioned that any such financial outlook and future-oriented financial information contained herein should not be used for purposes other than those for which it is disclosed herein. The forward-looking information and statements contained in this document speak only as of the date hereof and have been approved by the Company's management as at the date hereof. The Company does not assume any obligation to publicly update or revise them to reflect new events or circumstances, except as may be required pursuant to applicable laws. FOR FURTHER INFORMATION PLEASE CONTACT: Scott Melbourn Chief Executive Officer (403) 262-1312 [email protected] Derren Newell Chief Financial Officer (403) 262-1312 [email protected]

Without the US, NATO allies in Europe largely lack a key capability needed to fight RussiaState Central Library grapples with infra issuesUpcoming IPO: BR Goyal Infrastructure Gets BSE Aprroval For SME Public Issue; Check Key Details Here

Automaker, dealer ordered to refundcar cost over manufacturing defect'Soft power' through AI learning

Texas will look to win its fourth straight game and carry a measure of momentum into its inaugural season as a member of the Southeastern Conference when it hosts Northwestern State on Sunday afternoon in Austin, Texas. It's the final tune-up before the SEC gauntlet for the Longhorns (10-2), who roll into Sunday's game with 10 days of rest and after a 98-62 win over New Orleans on Dec. 19. Justin Pope led Texas with a career-high 42 points, the most for a member of the Longhorns since Reggie Freeman had 43 against Fresno State in 1996. Arthur Kaluma added 15 points and Chendall Weaver scored 12 for Texas, which played without star freshman guard Tre Johnson for the second straight game. Johnson has been listed as day-to-day for a return but would be a likely participant to get at least some playing time before the Longhorns' SEC opener at No. 13 Texas A&M on Jan. 4. Texas coach Rodney Terry is looking for focus on the defensive end from his team as it heads into league play. "We want to be playing Texas basketball defensively," Terry said. "We try to protect the paint, we try to keep the guys off the glass, (and be) physical (with our) block outs. Then try to get out and play to a strength of ours. We're a fast team but you've got to be able to get stops to be able to do that and play in transition." Northwestern State (5-6, 2-0 Southland Conference) heads to Austin after an 89-79 win at home over Southern-New Orleans on Dec. 20. Addison Patterson turned in a career performance in the win with 33 points, 10 rebounds and four assists as the Demons won for the third time in four games. The Demons have played four teams from power conferences -- Texas Tech, Oklahoma, LSU and, most recently, Cal on Dec. 14 -- and have lost by at least 16 points in each game. "Our guys are always ready to play," Demons coach Rick Cabrera said. "We had a really good Christmas break to decompress and recuperate. They are just ready and willing to play anyone regardless of conference. Texas is extremely talented, and we are looking forward to competing with one of the top programs in the country." The contest against Texas is the final non-conference game for Northwestern State, which returns to Southland Conference play at home against Nicholls on Jan. 4. The Longhorns have won all five previous games with Northwestern State, most recently a 105-57 victory at home in November 2017. --Field Level MediaAfter institutions for people with disabilities close, graves are at risk of being forgottenAbortions are up in the U.S. It's a complicated picture as women turn to pills, travel

No. 1 South Carolina women stunned by fifth-ranked UCLA 77-62, ending Gamecocks' 43-game win streak

JOSH BERMAN JOINS ASSEMBLY AS EVP, ASSEMBLY LEAD IN NORTH AMERICAAfter institutions for people with disabilities close, graves are at risk of being forgottenGlobal energy executive joins Prometheus Hyperscale to accelerate sustainable data center growth and provide strategic counsel on $10B flagship project in Evanston, Wyoming HOUSTON , Nov. 24, 2024 /PRNewswire/ -- Prometheus Hyperscale, a leading developer of sustainable hyperscale data centres, is delighted to announce the appointment of Bernard Looney as Chairman of the Board of Directors. Mr. Looney, former CEO of BP, brings to the role more than three decades of energy sector expertise – from the frontline to the boardroom. He will provide strategic guidance on the development of the company's growth plans, including its $10B flagship data center in Evanston, Wyoming , which will be among the largest facilities of its kind in the world when completed. The announcement of Mr. Looney's appointment comes as societies and large technology companies grapple with how to power the explosive growth in artificial intelligence (AI). The International Energy Agency (IEA) estimates that by 2026 data centers globally will use over 1,000 terawatt-hours (TWh) annually, around the same as Japan uses today. Against this backdrop of soaring demand and squeezed supply, Prometheus is pioneering new standards in hyperscale data center operations. These approaches include harnessing a variety of energy sources to power its data centers, including renewables, natural gas and possibly nuclear at a later date through our strategic partnership with Oklo. Prometheus aims for its data centers to not impact grid customers. Another key challenge is the enormous amount of power and water used to cool data centers to prevent the servers from overheating. Prometheus Hyperscale uses a unique liquid cooling system that dramatically outperforms traditional air-cooling methods, reducing energy consumption by up to 50%. This system also utilises deep underground water reservoirs and captures the waste heat to reuse or sequester it. It's believed that Prometheus Hyperscale's flagship project will be the first hyperscale data center in the United States to combine liquid heat transfer and heat reuse technologies. Founded by Trenton Thornock , an experienced leader in energy, finance and infrastructure, Prometheus Hyperscale's flagship project in Evanston, Wyoming , promises to be the most advanced sustainable data center in the United States , and one of the largest in the world, when it becomes operational in 2025/26. The 1GW-capacity developed site will cover an area of 640-acres (one square mile), making it approximately three quarters the size of New York's Central Park. Four further sites are currently earmarked across Arizona and Colorado . As Chairman, Mr. Looney will ensure the successful execution of Evanston as well as Prometheus's broader business goals. His appointment comes following the recent announcement that Trevor Neilson , a renowned climate technology entrepreneur and philanthropist, will serve as the company's President. It's estimated that $1 trillion will be invested in the U.S. in data centers in the next five years – with an additional $1 trillion internationally. Trenton Thornock , Founder and CEO of Prometheus Hyperscale commented: "Having Bernard Looney join as Chairman is a tremendous step forward for Prometheus. Bernard's track record and transformative leadership in the energy sector aligns perfectly with our vision for the future of data centers. His insights, as well as his extensive operational and project delivery experience, will be invaluable as we bring our flagship project in Evanston, Wyoming to life and set new benchmarks for sustainable digital infrastructure." Trevor Neilson , President of Prometheus Hyperscale, commented: "Bernard is the perfect person to guide Prometheus as we form partnerships across the energy sector to access low-carbon electrons that will power the future of AI. His extensive industry experience and leadership will be instrumental as Prometheus establishes itself at the forefront of sustainable data center operations." Bernard Looney commented: "I am delighted to join Prometheus Hyperscale at this pivotal moment as the world grapples with the intersection of AI, Energy and Sustainability. Innovative power solutions are desperately needed to ensure that AI is unleashed to tackle some of the biggest global challenges including healthcare, economic growth, and the energy transition. We must work to find solutions that lead to Net Positive AI – where the benefits to our world outweigh any costs. The flagship Evanston project is one such solution and I look forward to lending a helping hand, working alongside Trenton, Trevor, and the entire Prometheus team to help bring this vision to life. I can't imagine a more exciting challenge." Factsheet: Prometheus Hyperscale's Flagship Project in Evanston, Wyoming Prometheus's site in Evanston, Wyoming , aims to redefine sustainable infrastructure in the data center industry, setting a new benchmark for operational excellence and environmental responsibility. Key aspects of the project include: Extensive Land and Power Capacity: The project encompasses a 12,000-acre ranch, including a dedicated 640-acre plot (about 1 square mile) for data center facilities. Prometheus has secured an initial 120 MW of grid power through Rocky Mountain Power, with plans for an additional 120 MW, ensuring robust power availability without curtailment risks. On-Site Renewable and Low-Carbon Power Generation: With an on-site generation goal of over 1 GW, which will make it one of the largest data centers in the world, Prometheus is incorporating a mix of wind, solar and gas power sources. Additionally, the company has a strategic partnership with Oklo focused on next-generation fission-based nuclear power, delivering reliable, sustainable baseload energy to the campus. High-Performance Fiber Connectivity: The Evanston site will connect directly to the Northern transcontinental fiber trunk, offering high-speed, low-latency connections between the East and West Coasts. With agreements for up to 400G of service and plans to scale up to 800G when commercially available, the project is poised to meet the rigorous connectivity needs of AI, cloud, and high-performance computing clients and to be one of the biggest data centers in the world. Cutting-Edge Liquid Cooling Technology: Prometheus's unique liquid cooling systems will be deployed to achieve unparalleled energy efficiency by capturing and reusing waste heat. This innovative solution is specifically engineered for high-performance computing environments and will play a critical role in reducing the carbon footprint of the facility. Strategic Location and Access to Skilled Labor: Located 80 miles from Salt Lake City, Utah , the Evanston site benefits from proximity to a large, skilled workforce, bolstered by a regional Journeyman Lineman program focused on data center operations. This strategic location supports the project's operational and expansion goals while reinforcing Prometheus's commitment to regional economic growth. For more information about Prometheus Hyperscale and its sustainability initiatives, please visit www.prometheushyperscale.com . About Prometheus Hyperscale Prometheus Hyperscale, founded by Trenton Thornock , is revolutionizing data center infrastructure by developing sustainable, energy-efficient hyperscale data centers. Leveraging unique, cutting-edge technology and working alongside strategic partners, Prometheus is building next-generation, liquid-cooled hyperscale data centers powered by cleaner energy. With a focus on innovation, scalability, and environmental stewardship, Prometheus Hyperscale is redefining the data center industry for a sustainable future. View original content to download multimedia: https://www.prnewswire.com/news-releases/bernard-looney-appointed-chairman-of-the-board-of-directors-at-prometheus-hyperscale-302314829.html SOURCE Prometheus Hyperscale

Trump’s threat to impose tariffs could raise prices for consumers, colliding with promise for reliefNew York City introduces a Zero-Emissions-by-2040 Vision for Port Operations, including ocean shipping

On 5 December 2024, the Commodity Futures Trading Commission (CFTC) Divisions of Clearing and Risk, Data, Market Oversight, and Market Participants issued a staff advisory on the use of artificial intelligence (AI) by CFTC-regulated entities (the Advisory). 2 The Advisory comes nearly a year after CFTC staff (Staff) issued a Request for Comment on the Use of Artificial Intelligence in CFTC-Regulated Markets, which garnered 26 responses and helped to inform the CFTC’s guidance. 3 Importantly, the Advisory does not create any new compliance obligations for derivatives market participants who use AI solutions. Instead, consistent with the CFTC’s “technology neutral” approach, Staff took this opportunity to remind registered entities that they must continue to comply with existing compliance obligations, whether using AI or any other technology, either directly or with a third-party service provider. The Advisory highlights a number of AI use cases by derivatives market participants, and the Commodity Exchange Act (CEA) and CFTC regulatory requirements that may be implicated by each of the use cases. Chairman Rostin Behnam, in what is likely to be one of his last key acts as head of the agency, remarked that the Advisory is the CFTC’s first step engaging with market participants on the topic of AI. However, as noted in the Advisory, there is likely more to come. As AI technology evolves and as derivatives market participants develop other innovative use cases, there is potential for future rulemakings or guidance by the CFTC. Below, we set forth an overview of the key elements of the Advisory. Under the Advisory, Staff explicitly states its expectation that all CFTC-regulated entities will assess the risks of using AI and will update their policies, procedures, controls, and systems, as appropriate under applicable CEA and CFTC regulatory requirements. Whether developing its own AI solutions or using a third-party AI offering, a regulated entity remains responsible for compliance with existing laws and regulations. Although Staff articulates this expectation with respect to entities that are registered with the CFTC in some capacity, all market participants should consider adhering to this standard, i.e., performing a risk assessment and following generally accepted standards for the development, operation, reliability, capacity, and security of the systems that use AI technology. As AI usage evolves and as existing AI tools are materially updated, market participants should consider conducting another risk assessment. As discussed below, Staff articulated use cases for which various registration categories may consider deploying AI technology and identified core principles and regulatory obligations that could be implicated by these uses. We consider a number of these below. Commissioner Kristin N. Johnson, who has long been an advocate for enhanced oversight and protective measures related to AI, issued a statement concurrent with the publication of the Advisory. In it, she described her vision for an AI Fraud Task Force within the Division of Enforcement and increased enforcement resources to effectively supervise market participants. She also called for a formal policy of enhanced penalties on those who use AI to engage in fraud or other illegal activities, especially when they lure vulnerable investors using AI (including the use of so-called “deepfakes”). Finally, Commissioner Johnson advocated for an interagency task force focused on AI and an open dialogue to gather information about market participants’ use and adoption of AI technologies. The risk of AI technology has been on the CFTC’s radar and will continue to be a priority, even under the new administration. CFTC-regulated entities should anticipate continued engagement by the CFTC on this topic and should take Staff’s expectations set forth in the Advisory seriously, despite the fact that it is not formal CFTC guidance or a rulemaking. In light of this Advisory, market participants may consider documenting each use case for how they deploy AI, any risk assessments that have taken place, and descriptions of how policies and procedures were updated to reflect the risk of the use of AI technology. Any market participant contemplating a new AI tool may need to consider their existing compliance obligations and whether any of these obligations are implicated by the use of the technology. Footnotes 1 Rostin Behnam, Chairman, Comm. Fut. Trading Comm’n, Statement of Chairman Rostin Behnam on the Staff Advisory Related to the Use of Artificial Intelligence by CFTC-Registered Entities and Registrants (Dec. 5, 2024), https://www.cftc.gov/PressRoom/SpeechesTestimony/behnamstatement120524?utm_source=govdelivery . 2 Press Release Number 9013-24, Comm. Fut. Trading Comm’n, CFTC Staff Issues Advisory Related to the Use of Artificial Intelligence by CFTC-Registered Entities and Registrants (Dec. 5, 2024), https://www.cftc.gov/PressRoom/PressReleases/9013-24 . 3 Press Release Number 8853-24, Comm. Fut. Trading Comm’n, CFTC Staff Releases Request for Comment on the Use of Artificial Intelligence in CFTC-Regulated Markets (Jan. 25, 2024), https://www.cftc.gov/PressRoom/PressReleases/8853-24 .Mumbai: The BMC's ambitious project to concretise roads in Mumbai has faced setbacks due to substandard work at some locations. The complaints regarding poor construction quality have prompted civic authorities to order an inquiry and a detailed report on all the work under the project. Based on the findings, appropriate corrective measures will be taken to ensure that the construction meets the required quality standards. Bhushan Gagrani, the municipal commissioner, stated, "The audit of concrete roads currently underway in the city will be conducted by the Indian Institute of Technology - Bombay (IIT-B) and the internal department." This decision was made following complaints regarding poor construction quality at certain locations. According to sources, the audit will evaluate the quality of materials used, adherence to construction standards, and the overall execution process. The inspection will focus on identifying defects such as cracks, uneven surfaces, or poor finishing, which are often signs of substandard work. A senior civic official said, "The concerned contractor, engineer, and consultant will be held responsible if the road work is found to be of inferior quality." This comes after Mumbai BJP president and MLA Ashish Shelar called for an audit of road work following the discovery of visible cracks on Bhargav Road in Santacruz, which was constructed last year. The civic officials, along with a team from the IIT-B, conducted an inspection of the roads in Dahisar on December 12. The BMC have appointed IIT-B as an independent quality control agency for the ongoing cement concretisation work in Mumbai. IIT-B will be providing recommendations on road maintenance, conducting inspections, reviewing quality standards, performing tests, and preparing audit reports. In Phase 1, the BMC has completed only 46 km of the planned 324 km of concretisation within a year. Currently, work is ongoing on 213 roads, with 298 roads yet to be concretised. In Phase 2, of the 1,420 roads scheduled for concretisation, 433 are currently under construction, with many still pending. These delays have hindered the BMC's ambitious goal of creating a pothole-free Mumbai.Moving your body is for everyone, regardless of experience level, skill, or location. This year’s Best of What’s New innovations make getting outside and active easier in many ways. A tightly woven shirt stops itchy mosquito bites sans chemicals. An electric fishing reel cuts the cord and ditches heavy batteries once and for all. An app combines avalanche education with hard-to-find reports for safer snowshoeing and skiing. A waterproof jacket uses a battery membrane to maintain its breathability and waterproofing. An exercise bike with cutting-edge technology takes the experience of a peaceful ride and brings it inside. Overall, the best sports and outdoor innovations take the “rough” out of “roughing it.” “Riding a bike outdoors” and “riding a bike at the gym” are vastly different experiences. One feels immersive and relaxing; the other can feel tortuous and monotonous. Samuel Matson, the founder of Saga and a former Google VR designer, noticed that same dichotomy after returning from a sabbatical during the pandemic, which he spent cycling in the Andes Mountains in Colombia. Wearing a bulky VR headset isn’t ideal for a cycling workout, though. Instead, the HoloBike forgoes a wearable headset for a lenticular-inspired, high-resolution screen that utilizes optic flow, the same phenomenon that is the basis for eye movement desensitization and reprocessing (EMDR) therapy. Eye-tracking cameras adjust the scene based on where you’re looking for an immersive experience. The 3D environments are made using -powered scans of real trails and resemble an open-world video game. Best of all, the HoloBike has roughly the same footprint as a Peloton, meaning it won’t take up too much space in your house. It’s currently available for pre-order online. There are a few ways to prevent mosquito bites in the woods effectively. Almost all of them require chemicals, from in bug spray to pyrethrin-treated clothing, that wash away and potentially enter the water system—all except Royal Robbins’ Mosquito Protection Technology (MPT). MPT uses an incredibly tight weave that prevents mosquitoes from getting their proboscis through without sacrificing breathability. The fabric is also made to resist deforming, meaning a spin through the washing machine won’t affect protection. It’s set to launch in spring 2025. Electric reels for sea fishing are typically powered by a cord plugged into a power source. If you’ve been on a boat, you know that “wet surface” and “thing that can be tripped on” don’t mix. The Fathom Electric reel ditches those cords for a rechargeable lithium-ion battery. Despite the battery, the reels are impressively lightweight at 60, 71, and 84 ounces, depending on size. The reel also has bonus features like an easy-to-use LED display with customizable settings. According to , an average of 28 people die in avalanches every winter in the United States. Getting accurate avalanche data involves lots of research, and reports are typically written for professionals. Even the most advanced professional guide makes assumptions when looking at avalanche data. The Aspect Avy app combines historical data, live data from the North American Public Avalanche Danger Scale, “ ,” and LiDAR mapping to give those visiting or living in snow country an accurate, dynamic view of daily conditions. The app’s “go” and “no’go” slope categorizations make it easier to understand reports and make safe decisions in the mountains. They also keep winter explorers out of the runout zone if an avalanche is likely to occur above them. Starting in 2025, several states including New York and California will ban the sale of per- and polyfluoroalkyl substances ( ) in apparel. Other states are set to follow in the years after. PFAS has been integral to waterproofing—and can be found in other components like zippers and webbing—yet they’re forever chemicals, and harmful to the environment. Patagonia’s built-from-the-ground-up M10 collection is an indication of what’s to come in the textile space. The waterproof membrane is borrowed from the car battery industry, which uses mechanically made nanoporous membranes to separate ions. In the M10, these consistent-sized pores keep rain and snow out without PFAS but let heat and sweat escape even better than the rain jackets and ski shells we’re used to.