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Every time I look at the stock of Palantir Technologies ( PLTR 6.22% ) , it seems to be at a new record high. The company has been an early winner in the hype cycle for generative artificial intelligence (AI) software. And with shares up 313% year to date at the time of this writing, many investors are wondering how much longer this bull run will last. Let's explore the pros and cons of Palantir to decide if it still has a place in your portfolio. Why Palantir? Founded in 2003, Palantir can be thought of as an early adopter of what we now know as AI. The company specializes in data analytics, which involves processing huge volumes of information to uncover actionable insights and trends. And this tech was a precursor to the large language models (LLMs) behind platforms like ChatGPT. Palantir was quick to adapt to the evolution of its industry. In 2023, it launched its Artificial Intelligence Platform (AIP), designed to combine LLMs with its legacy data analytics. The AIP helps clients with real-time decision-making and allows them to create customized applications based on their data in a secure in-house environment. This can be particularly useful for military and law enforcement, giving operators real-time info about threats and targets during field operations while keeping records for legal and regulatory compliance. What could the next three years have in store? Palantir's third-quarter revenue increased 30% year over year to $725.5 million, helped by the rollout of its new AI-related functionality, particularly among U.S. government and commercial clients. The company is also consistently profitable, with adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) rising 39% to $283.6 million, although this figure adds back significant outflows like stock-based compensation, which totaled $142.4 million in the period. Over the next three years, it's safe to assume Palantir can maintain its current growth rate as AI technology improves. Management certainly seems optimistic, with CEO Alex Karp suggesting that organizations that fail to adopt productivity enhancers like its AIP risk being left behind in what he calls a "winner-takes-all economy." The company has scored some high-profile clients, including the armed forces of Israel and Ukraine, which are both using its software for combat-related missions. That said, while Palantir seems to have established trust within the defense industry, it is unclear if the company will be able to fend off large commercial sector rivals like Microsoft or Snowflake, which also offer data analytics and AI software within their cloud computing ecosystems. Sorry, but the valuation is silly Palantir is an easy company to get excited about. It synergizes data analytics with generative AI to serve very cool uses in the military and law enforcement. That being said, hype doesn't pay the bills. With a forward price-to-earnings ratio (P/E) of 152, its valuation has lost touch with reality. The S&P 500 has an average forward P/E estimate of 23, while the AI industry leader Nvidia has a forward P/E of just 33 despite growing its sales and profits by 94% and 109%, respectively, in its most recent quarter. Palantir is nowhere close to this. This level of overvaluation will probably cause the stock to underperform over the next three years. And while early investors can pat themselves on the back for making an unusually good bet, it might be time to consider taking some profits off the table.

Sampath Bank has been honoured as the Second Runner-Up in the Best Corporate Citizen Sustainability Award 2024, hosted by the Ceylon Chamber of Commerce. Widely regarded as Sri Lanka’s pinnacle of recognition for corporate sustainability, the awards ceremony took place recently at Cinnamon Grand, Colombo. This accolade emphasises Sampath Bank’s unwavering commitment to sustainability, a philosophy deeply rooted in its purpose to “Empower Dreams and Enrich Life.” Over the years, the Bank has championed impactful initiatives that safeguard the environment, strengthen employee and customer relations, uplift communities, and uphold robust governance practices. The Bank also received several key accolades during the ceremony, including the Category Award Winner for Environment Beyond the Business, the Sector Award Winner – Finance Sector, and recognition as one of the Top Ten Corporate Citizens. ESG Chairman, Ajantha De Vas Gunasekara of Sampath Bank, remarked, “This recognition stands as a testament to our unwavering commitment to driving positive change across all facets of our operations. Sustainability is not merely a part of what we do; it is the essence of who we are as an organisation.” “At the heart of our journey lies a steadfast dedication to the pillars of ESG – Economic, Environmental, Social, and Governance ensuring that every initiative we undertake creates enduring value for our stakeholders.” Sampath Bank’s award-winning efforts stem from a series of impactful sustainability initiatives. The flagship ‘Wewata Jeewayak’ programme, launched over two decades ago, focuses on restoring Sri Lanka’s traditional irrigation network, enabling dry zone farmers to cultivate paddy across the Yala and Maha seasons. By 2023-24, 21 tanks have been restored under this initiative, with investments increasing to strengthen agricultural resilience amid economic challenges. Complementing this, the ‘Gasai Mamai Pubudu Pothai’ tree-planting and vegetable gardening programmes were launched to foster environmental awareness and sustainability among students in these regions. In addition, the ‘A Breath to the Ocean’ marine protection programme addresses coral replanting and mangrove restoration, including a long-term project at the Anavilundawa Wetland Sanctuary in collaboration with Biodiversity Sri Lanka and the Department of Wildlife. Furthering its commitment to conservation, the Bank is also working to protect endangered turtles by establishing hatcheries in Rakawa village, a critical breeding zone for five globally endangered turtle species.Facebook Twitter WhatsApp SMS Email Print Copy article link Save United Airlines travelers with lost luggage have a new tool to track their bags. If the lost bag has an Apple AirTag in it, that information can now be passed directly to United, the airline announced Thursday. The new feature, called Share Item Location, allows travelers with an AirTag or other Find My network accessory to share the location with the airline’s customer service team to help locate their luggage in the event it’s misplaced. United says more than 99% of its customers pick up their luggage without a hitch. The feature is now available with iOS 18.2, iPadOS 18.2 or macOS 15.2. “Apple’s new Share Item Location feature will help customers travel with even more confidence, knowing they have another way to access their bag’s precise location with AirTag or their Find My accessory of choice,” said David Kinzelman, United’s chief customer officer. Body matching description of missing 84-year-old found in Galloway Township 1 injured in Egg Harbor Township crash Absecon police detain suspect in dollar store robbery Pentagon refutes Van Drew Iran claims as New Jersey officials meet to discuss mystery drones Questions about Gillian’s Wonderland finances draw angry response from Mita Could American Airlines bus program lead to more flights at Atlantic City airport? Atlantic City now has more weed shops than casinos with dozens more on the way Work on Mike Trout's Vineland golf course completed, but play still more than a year away These South Jersey bars and restaurants have transformed into holiday wonderlands District overspending main focus for new Atlantic City school board member Ron Bailey LGBTQ+ restaurant the ByrdCage to open in Atlantic City in January Atlantic County suing NJ Juvenile Justice Commission over placement of youth offenders Latest on New Jersey mystery drones: White House officials say there is no threat Large drones spotted in Philadelphia area as FBI investigates mysterious drone sightings in NJ Egg Harbor City church celebrates its inspiration with 1,700-year-old artifact Travelers on United whose bags do not arrive at their destination can file a delayed baggage report with United and share the link to the item’s location either through the United app or via text message. After the report has been submitted, customer service agents will be able to locate the item on an interactive map alongside a timestamp of a recent update. The shared location will be disabled after a customer has the bag, and customers can also stop sharing the location of the item at any time on their own. The location link will also automatically expire after seven days. Using AirTags or other tracking devices on luggage is increasingly popular among frequent travelers, with a significant boom following the 2022 Southwest Airlines holiday meltdown , which displaced thousands of travelers over Christmas and into 2023, alongside much of their belongings. United says lost bags are rare, with more than 99% of its customers arriving with their bags. It says the new technology will help those with lost bags to recover them more quickly because the airline will have more information about them. Apple previously announced the new service will also be integrated at other air carriers, including Delta Air Lines. Others include Aer Lingus, Air Canada, Air New Zealand, Austrian Airlines, British Airways, Brussels Airlines, Eurowings, Iberia, KLM Royal Dutch Airlines, Lufthansa, Qantas, Singapore Airlines, Swiss International Airlines, Turkish Airlines, Virgin Atlantic and Vueling. Nat CardonaLee Media Studio By Marnie Hunter, CNN DAVID KOENIGAssociated Press Stay up-to-date on what's happening Receive the latest in local entertainment news in your inbox weekly!

The Manufacturers Life Insurance Company Purchases 7,783 Shares of Vertiv Holdings Co (NYSE:VRT)Prime Minister Justin Trudeau says a new chapter for Syria can begin that's free of terrorism and suffering for its people. In a social media post on X on Sunday, Trudeau said the fall of the Assad dictatorship "ends decades of brutal oppression." Syrian President Bashar Assad fled the country on Sunday and is now reported to be in Moscow, bringing to a dramatic close his nearly 14-year struggle to hold onto control as his country fragmented in a brutal civil war. The toppling of Assad comes after opposition forces entered the Syrian capital of Damascus, ending half a century of rule by his family. Trudeau said Canada is monitoring the transition closely, and he urged "order, stability, and respect for human rights." Ottawa is urging Canadians to avoid all travel to Syria and to consider leaving the country if it's safe to do so. Conservative Leader Pierre Poilievre told a news conference on Sunday that Assad "was a puppet for the tyrants of Tehran." "He has carried out genocides against the Sunni people in his own country, and now he appears to have been toppled," Poilievre said in Ottawa. Poilievre said it's unknown who will replace Assad, adding it isn't Canada's fight and that he doesn't believe Canada should get involved. "We should stand with our allies, including Israel, against the terrorists. We should focus on protecting our own country." Ottawa describes the security situation as volatile, and said the Damascus and Aleppo airports as well as some border crossings are closed. An updated travel advisory from the Canadian government warns people to avoid the Middle Eastern country due to what it calls "ongoing armed conflict, terrorism, criminality, arbitrary detention, torture and forced disappearance." Canada has urged its citizens to leave Syria since November 2011, and its embassy in Damascus suspended its operations in 2012. This report by The Canadian Press was first published Dec. 8, 2024. — With files from The Associated Press. The Canadian Press

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ABC chair Kim Williams has been slammed for recent comments made about broadcasters like Joe Rogan, as the national broadcaster undergoes a wave of structural changes. During his first Press Club address, Kim Williams took aim at the podcaster, saying commentators such as Rogan “prey on fear”. Mr Williams was there to deliver a speech calling for greater investment in the ABC, which he said had lost $150 million a year over the past decade, and to talk about the importance of public broadcasting in an age of disinformation designed to sow division. Williams’ tenure as ABC chair comes at a time of deep disruption for the broadcaster, with the departure of many beloved presenters sparking questions about the competency of management. Today, ABC chair Kim Williams on what’s ahead for the broadcaster, and whether he’s in the right job. Socials : Stay in touch with us on Twitter and Instagram Guest : Chair of the Australian Broadcasting Corporation, Kim Williams.

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Once cold and lonely, ‘snow management’ at Tahoe resorts goes high-tech with lasersDETROIT (AP) — Brandon Noel's 26 points helped Wright State defeat Detroit Mercy 80-72 on Saturday. Noel had seven rebounds for the Raiders (6-5, 1-1 Horizon League). Jack Doumbia scored 21 points while shooting 8 of 16 from the field and 5 for 6 from the line and added 13 rebounds and three blocks. Alex Huibregste shot 5 of 10 from the field, including 2 for 6 from 3-point range, and went 5 for 5 from the line to finish with 17 points, while adding six assists. The Titans (5-6, 1-1) were led in scoring by Orlando Lovejoy, who finished with 14 points, seven rebounds, four assists and two steals. Detroit Mercy also got 12 points from Nate Johnson. Grant Gondrezick II also recorded 11 points and two steals. Wright State's next game is Wednesday against Marshall at home. Detroit Mercy visits Davidson on Saturday. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .