Audi Crooks' winning shot leads No. 8 Iowa State to 80-78 win over DrakeSuper Micro Computer (NASDAQ: SMCI) shareholders have been through a whirlwind lately. While the stock is up 1,480% in the last two years, it has also fallen over 70% from its record high in the last eight months. As one of Nvidia 's largest partners, the server maker should benefit as demand for artificial intelligence (AI) infrastructure increases, but Supermicro has also been accused of accounting manipulation. Among the 12 analysts who follow the company, the median 12-month price target of $30.50 per share implies an 8% downside from its current share price of $33. That means six analysts think the stock will fall more than 8% in the next year. Additionally, 19 analysts followed Supermicro three months ago, meaning seven have recently discontinued coverage. Wall Street is clearly shying away from the company. Are You Missing The Morning Scoop? Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Here are the important details. The bull case: Supermicro is a leading supplier of AI servers Super Micro Computer builds servers, including full server racks equipped with storage and networking that provide customers with a turnkey solution for data center infrastructure. Its internal manufacturing capabilities and "building block" approach to product development let it bring new technologies to market more quickly than its competitors, often by two to six months. Indeed, earlier this year, Rosenblatt analyst Hans Mosesmann wrote, "Super Micro has developed a model that is very, very quick to market. They usually have the widest portfolio of products when a new product comes out." Those advantages have helped Supermicro secure a leadership position in AI servers, a market forecast to grow at 30% annually through 2033, according to Statista. Importantly, Supermicro is also the top supplier of direct liquid cooling (DLC) systems, which could help the company strengthen its position in AI servers. DLC systems reduce data center power consumption by 40% and occupy 80% less space than traditional air-cooled systems. AI servers generate more heat than general-purpose servers, so demand for DLC systems is expected to rise quickly. Indeed, while less than 1% of data centers have historically used liquid cooling, Supermicro estimates 15% (and maybe as many as 30%) of new data center installations will use liquid cooling in the next two years, and the company says it is positioned to "capture the majority share of that growth." The bear case: Supermicro is beset by problems As mentioned, while Supermicro shares are up 1,480% in the last two years, the stock has also nosedived more than 70% from its record high in the last eight months. Below is a month-by-month timeline detailing the events that led to that rapid decline in value. August 2024: Short-seller Hindenburg Research published a report accusing Supermicro of accounting violations, including improper revenue recognition, undisclosed related party transactions, and sanctions evasion. Subsequently, Supermicro delayed filing its Form 10-K for fiscal 2024, but CEO Charles Liang said the Hindenburg report contained "false or inaccurate statements." September 2024: The Wall Street Journal reported that Supermicro was being probed by the Justice Department after a former employee filed a lawsuit accusing the company of accounting violations, some of which were mentioned in the Hindenburg report. Supermicro also got a letter of noncompliance from the Nasdaq Exchange, saying it had 60 days to file its 10-K or submit a plan to restore compliance. October 2024: Supermicro's auditor, Ernst & Young, resigned. "We are resigning due to information that has recently come to our attention which has led us to no longer be able to rely on management's and the Audit Committee's representations," the company wrote in its resignation letter. Ernst & Young also said it was "unwilling to be associated with the financial statements prepared by management." November 2024: Supermicro delayed its Form 10-Q for the first quarter of fiscal 2025. But the company hired BDO as its new auditor and submitted a compliance plan to Nasdaq before the deadline, saying it would become current with its filings in a timely manner. Now, the Nasdaq must either approve or reject that plan. The situation is even more complicated than what I've just described because Supermicro was accused of similar accounting violations in the past. At that time, the company filed its Form 10-K for fiscal 2017 almost two years late and was fined $17.5 million by the Securities and Exchange Commission (SEC). Supermicro was also delisted from the Nasdaq Exchange for about 18 months, though shares advanced 73% during that period anyway. Investors should avoid Supermicro stock right now Supermicro shares could soar if the wrongdoings outlined by Hindenburg are found to be inaccurate and then nothing comes of the Justice Department probe. But investors should be at least a little skeptical, given that the SEC has fined the company for similar violations in the past, and Hindenburg says Supermicro has rehired three senior employees involved in the previous scandal. In that context, I think prospective investors should avoid this stock right now. There are simply too many unknowns to make an educated decision, which probably explains why seven out of 19 Wall Street analysts discontinued coverage during the last three months. It may also explain why the remaining 12 analysts have set the stock with a median price target that implies an 8% downside. Don’t miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this. On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you’d have $368,053 !* Apple: if you invested $1,000 when we doubled down in 2008, you’d have $43,533 !* Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $484,170 !* Right now, we’re issuing “Double Down” alerts for three incredible companies, and there may not be another chance like this anytime soon. See 3 “Double Down” stocks » *Stock Advisor returns as of November 18, 2024 Trevor Jennewine has positions in Nvidia. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy . Should You Buy Super Micro Computer Stock After Its 1,480% Gain in 5 Years? Wall Street Has a Clear Answer for Investors. was originally published by The Motley FoolWho is Paul Hogan’s son Chance, who he’s ‘worried sick’ for? The Crocodile Dundee star’s son with American actress Linda Kozlowski has said he’s ‘not ready’ for his dad to go back to Australia
Donald Trump and Emmanuel Macron mimicked "superheroes" or "battleground comrades" ahead of the reopening of Notre Dame Cathedral in Paris on Saturday. Body language expert Judi James said President-elect Donald Trump and French leader Emmanuel Macron put their "bros" relationship on full display as they tightly shook hands in front of Ukrainian leader Volodymyr Zelenskyy . The meeting, which took place at around 6 p.m. local time at the Palais de l'Élysée ahead of the grand opening ceremony for the newly refurbished Notre Dame Cathedral , featured an hour-long meeting between Trump and Macron before Zelenskyy joined them for the last 35 minutes. Notre Dame under ring of steel with surface-to-air missiles for Donald Trump and Prince William's visit Elon Musk blew more than a quarter of a billion dollars helping Donald Trump win US election When Trump and Macron met, they tightly clasped hands in what body language expert Judi James called a show of "valor, courage and bonding." Trump reportedly said it was a "great honor" to reconnect with the French president, with whom he said he enjoys a "great relationship." The encounter was photographed as part of a red carpet event ahead of their meeting inside the historic presidential palace, where they discussed a world he said has gone "a little crazy." "The 'bros' relationship between Trump and Macron seems to hold true with a very macho bonding greeting ritual that you'd normally see between superheroes in movies or battleground comrades, with the tight clutching of the upright hands hinting at valor, courage and bonding," Judi James told TheMirror.com, referencing the greeting on the red carpet. Macron was likely trying to win Trump's favor as he hosted the former and future president as part of the global ceremony that came five years after a fire burned down the historic monument. He and other world leaders have been attempting to win Trump's political favor as they attempt to persuade him to maintain support for Ukraine as it works to defend against Russia following the February 2022 invasion. They also planned to discuss the conflicts playing out in the Middle East . Click here to follow the Mirror US on Google News to stay up to date with all the latest news, sports and entertainment stories. The topic of the war in Ukraine what prompted the unplanned meeting between Macron and Trump and Zelenskyy, who joined the two to discuss it. Trump has previously pledged to end the war in Ukraine swiftly, but he hasn't specified how, though he raised concerns in Kyiv about what terms may be laid out for any future negotiations. James said the greeting between Trump and Zelenskyy appeared "frosty," detailing the "very difficult, frosty-looking body language" between them as Macron seemed to "place himself in the role of mediator and, at one point, pacifier." " Trump looks subdued but not submissive here, standing upright with his arms hanging at his sides, looking ahead but not into the cameras, with a jutting of his lower lip giving an expression of sulky displeasure," she said of the president-elect's body language. "He looks unwilling to socialize or to showboat here, looking distant rather than present and socially active in the moment." Zelenskyy, on the other hand, appeared "keen to address the cameras with his facial expression." What piqued James' interest, however, was the body language of all three world leaders as they sat together in the palace. "There is a pose where the three leaders sit together and, as Trump leans forward to make his point with an index finger point of authority, Macron leans a hand across to hold Zelenskyy’s arm in what looks like an appeasement gesture, as though stepping in to diffuse a fight or disagreement," she said. At the end of the meeting, Zelenskyy and Trump shook hands and chatted briefly, and then Trump waved at photographers before turning and leaving. Trump was joined in Paris by a small contingent of staff that included incoming chief of staff Susie Wiles. It was the Republican's first trip to Paris since becoming president-elect and one of his first abroad.
F1 expands grid, adds Cadillac brand and new American team for '26
ChatGPT was born two years ago amid a flurry of hyperbolic hype, skepticism, and outright fear. The AI chatbot didn't immediately guide us to digital heaven, take over every job, or become sentient and send robots with Austrian accents after us, but ChatGPT has a made major impact on many people's lives nonetheless. For ChatGPT's second birthday, I've collected some of the most notable (if not always most noble) ways OpenAI 's experiment with a digital sidekick has changed day-to-day living for many people. I should say that while I did ask ChatGPT for examples of how it's changed the world, the AI either was self-deprecating about how it hasn't done so or insisted that everyone's lives are radically altered by its presence in ways that resemble the Matrix films more than reality. Still, even if you aren't one who employs the AI chatbot for all of the following examples, I'd bet you know someone who has at least experimented with doing so. Here are five ways ChatGPT has become a part of people's lives, large and small: Homework Houdini Teachers and school administrators quickly noted what ChatGPT could mean for students. Lazy students might ignore hallucinations or awful phrasing to turn in terrible papers, but those were easy to weed out and give an F. More clever students could enhance their work and research with ChatGPT and not always be caught. OpenAI quickly partnered with educational organizations to try and come up with useful ways to deploy the AI chatbot, with fun studying tools and helpful guides to complex subjects. But, arguably, the bigger impact was changing how teachers do their lessons. Some have relied on extra strict rules for using ChatGPT, while others have replaced essays with oral reports or projects where students can't rely on ChatGPT to do everything for them. Thanks to ChatGPT, homework is disappearing. ChefGPT Some have always known how to transform whatever's in the freezer and cabinet into a culinary delight, but for others, ChatGPT has become a go-to resource for figuring out our meals. ChatGPT has given everyone the option to describe whatever is in the pantry, and later on, just upload a photo of what's available to get a list of ideas for dishes, recipe included. Or maybe you saw something on a cooking show you'd like to try but altered for your taste or dietary restrictions; the AI chatbot has you covered. With the caveat that you want to make sure it hasn't hallucinated anything dangerous, you can quickly be on your way to a delicious dinner. And your AI sous-chef is on standby if you mess up along the way. DIY coding buddy Once upon a time, wannabe coders had to scour GitHub for projects, templates, and snippets to Frankenstein their way through building an app or website. Now, many are turning to ChatGPT as their go-to coding companion. Why sift through repositories when you can ask ChatGPT to “write a Python script to rename 1,000 files in a folder” or “explain recursion like I’m five”? It’s fast, straightforward, and skips the endless GitHub rabbit holes. Get the best Black Friday deals direct to your inbox, plus news, reviews, and more. Sign up to be the first to know about unmissable Black Friday deals on top tech, plus get all your favorite TechRadar content. On the bright side, ChatGPT is making coding more accessible. You don’t have to be a tech wizard to get started; it’s like having a patient (and absurdly knowledgeable) teacher who can explain code, debug errors, or even write entire functions from scratch. Of course, that leaves the collaborative community of GitHub stranded. Open-source projects on GitHub aren’t just about copying and pasting—they’re about learning from others, contributing to shared goals, and understanding best practices. ChatGPT doesn’t teach you why a line of code works; it just makes sure it does. That’s great for convenience but not so great for developing deeper programming skills or giving back to the broader developer ecosystem. Imagination on screen Gone are the days when creating stunning visuals required years of practice or pricey software. With ChatGPT’s image generation, anyone can produce intricate artwork, design concepts, or even memes in minutes. Aspiring artists are using it to brainstorm ideas, and people are bringing their imagination to life, which is wonderful in many ways. That said, AI-generated images are also likely to cause debates or outright fights if you aren't careful. Does AI-generated art devalue other kinds of visual creation or simply make it more accessible? Is it an homage or theft of your favorite artist's creation? No matter how you feel about it, it has made the posting of any image a lot more fraught than it used to be. Cyrano AI ChatGPT changed how people talk to each other. South Park wrote an entire episode (aided by ChatGPT) about kids using the AI chatbot to figure out how to respond to romantic partners. Satirical though that take may have been, it has a reality to it as well. Plenty of people have asked the AI for help navigating social and romantic situations. It's like having Cyrano de Bergerac in your pocket, minus the tragic ending and excessive ruffles. ChatGPT has served as an interpreter for cryptic messages and broken down how to end things with someone you aren't into without causing a scene. It used to be that a text you sent would be seen and discussed by all of the recipient's friends. Now, you have to consider that it will be analyzed by an AI confidant as well. It's not just romance, either. The AI offers everything from ideas on how to dress for a party to good icebreakers at a networking event. ChatGPT coded a game for me in seconds and I am simply astounded – and coders should be very worried ChatGPT's new 'Canvas' is the AI collaborator you didn't know you needed ChatGPT o1-preview can solve riddles faster than me and I kind of hate it for it ChatGPT's 4o-mini model just got a big upgrade – here are 4 of the best new featuresOconee Federal Financial ( NASDAQ:OFED – Get Free Report ) and Capitol Federal Financial ( NASDAQ:CFFN – Get Free Report ) are both small-cap finance companies, but which is the superior investment? We will contrast the two businesses based on the strength of their risk, valuation, institutional ownership, earnings, dividends, analyst recommendations and profitability. Valuation and Earnings This table compares Oconee Federal Financial and Capitol Federal Financial”s revenue, earnings per share (EPS) and valuation. Capitol Federal Financial has higher revenue and earnings than Oconee Federal Financial. Oconee Federal Financial is trading at a lower price-to-earnings ratio than Capitol Federal Financial, indicating that it is currently the more affordable of the two stocks. Profitability Analyst Ratings This is a summary of recent recommendations for Oconee Federal Financial and Capitol Federal Financial, as provided by MarketBeat.com. Capitol Federal Financial has a consensus price target of $6.75, indicating a potential downside of 2.03%. Given Capitol Federal Financial’s stronger consensus rating and higher probable upside, analysts clearly believe Capitol Federal Financial is more favorable than Oconee Federal Financial. Insider & Institutional Ownership 88.5% of Capitol Federal Financial shares are owned by institutional investors. 5.1% of Oconee Federal Financial shares are owned by insiders. Comparatively, 2.2% of Capitol Federal Financial shares are owned by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth. Dividends Oconee Federal Financial pays an annual dividend of $0.40 per share and has a dividend yield of 3.0%. Capitol Federal Financial pays an annual dividend of $0.34 per share and has a dividend yield of 4.9%. Oconee Federal Financial pays out 33.9% of its earnings in the form of a dividend. Capitol Federal Financial pays out 117.2% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Risk and Volatility Oconee Federal Financial has a beta of 0.24, indicating that its share price is 76% less volatile than the S&P 500. Comparatively, Capitol Federal Financial has a beta of 0.47, indicating that its share price is 53% less volatile than the S&P 500. Summary Capitol Federal Financial beats Oconee Federal Financial on 11 of the 15 factors compared between the two stocks. About Oconee Federal Financial ( Get Free Report ) Oconee Federal Financial Corp. operates as a holding company for Oconee Federal Savings and Loan Association that provides various banking products and services in the Oconee and Pickens County areas of northwestern South Carolina, and the northeast area of Georgia in Stephens County and Rabun County. It offers deposit products, including demand, money market, NOW, savings, and individual retirement accounts, as well as certificates of deposit. The company’s loan portfolio comprises one-to-four family residential and multi-family real estate loans; home equity loans and lines of credit; nonresidential real estate loans; mortgage loans; construction and land loans; commercial and industrial loans; agricultural loans; and consumer and other loans, such as installment loans for various consumer purposes, including the purchase of automobiles, boats, and other legitimate personal purposes. Oconee Federal Financial Corp. was founded in 1924 and is based in Seneca, South Carolina. Oconee Federal Financial Corp. operates as a subsidiary of Oconee Federal, MHC. About Capitol Federal Financial ( Get Free Report ) Capitol Federal Financial, Inc. operates as the holding company for Capitol Federal Savings Bank that provides various retail banking products and services in the United States. The company accepts a range of deposit products, including savings accounts, money market accounts, interest-bearing and non-interest-bearing checking accounts, and certificates of deposit. It also provides various loan products, such as one- to four-family residential real estate loans, commercial real estate, commercial and industrial, construction loans, and small business loans, as well as consumer loans, which include home equity loans and lines of credit, home improvement loans, vehicle loans, and loans secured by savings deposits. In addition, the company offers mobile, telephone, and online banking services, as well as bill payment services; credit cards; mortgage loan; operates a call center; and invests in various securities. The company serves the metropolitan areas of Topeka, Wichita, Lawrence, Manhattan, Emporia, and Salina, Kansas, and a portion of the metropolitan area of greater Kansas City. Capitol Federal Financial, Inc. was founded in 1893 and is headquartered in Topeka, Kansas. Receive News & Ratings for Oconee Federal Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oconee Federal Financial and related companies with MarketBeat.com's FREE daily email newsletter .
SINGAPORE , Nov. 30, 2024 /PRNewswire/ -- Amber DWM Holding Limited ("Amber DWM"), the holding entity of Amber Group's digital wealth management business, known as Amber Premium ("Amber Premium"), today announced that it has entered into a definitive Agreement and Plan of Merger (the "Merger Agreement") with iClick Interactive Asia Group Limited ("iClick" or the "Listco") (NASDAQ: ICLK) and Overlord Merger Sub Ltd. ("Merger Sub"), a Cayman Islands exempted company and a direct, wholly owned subsidiary of the Listco. Under the Merger Agreement, Merger Sub will merge with and into Amber DWM, with Amber DWM continuing as the surviving entity and becoming a wholly-owned subsidiary of the Listco (the "Merger"). Amber DWM's shareholders will exchange all of their issued and outstanding share capital for a mix of newly issued Class A and Class B ordinary shares of the Listco on the terms and conditions set forth therein in a transaction exempt from the registration requirements under the Securities Act of 1933. Wayne Huo , Chief Executive Officer and Director of Amber DWM , said: " We are thrilled to embark on this transformative journey with iClick. This merger represents a significant milestone, bringing together Amber Premium's expertise in digital wealth management and iClick's innovative marketing technology. Together, we aim to redefine the digital financial ecosystem, delivering unparalleled value to our clients and stakeholders. By bridging the worlds of blockchain, fintech and digital marketing, we are unlocking new opportunities to revolutionize how value is created and exchanged in the digital economy ." The transaction values Amber DWM at US$360 million and the Listco at US$40 million by equity value on a fully diluted basis (assuming completion of certain restructuring as set forth in the Merger Agreement). Upon closing of the Merger (the "Closing"), the Amber DWM shareholders and the Listco shareholders (including holders of ADSs) will own approximately 90% and 10%, respectively, of the outstanding shares of the combined company, or 97% and 3% voting power, respectively. The Merger Agreement also contemplates that, upon the Closing, the Listco will change its name to "Amber International Holding Limited" and adopt the tenth amended and restated memorandum and articles of association of the Listco, in each case immediately before the effective time of the Merger (the "Effective Time"), following which the authorized share capital of the Listco shall only consist of Class A ordinary shares and Class B ordinary shares (with different voting powers but equal economic rights), a par value of US$0.001 each. Please refer to the Merger Agreement filed as Exhibit 99.2 to the Form 6-K furnished by the Listco to the SEC on November 29, 2024 for more details. The Listco's board of directors (the "Board") approved the Merger Agreement and other transaction documents, including but not limited to the voting agreement entered into by and among certain shareholders of the Listco (who holds approximately 36% of the outstanding shares representing 71% voting power of the Listco as of the date of this press release), the Listco and Amber DWM (the "Voting Agreement") (collectively, the "Transaction Documents"), and the transactions contemplated thereunder (the "Transactions"), with the assistance of its financial and legal advisors. The Board also resolved to recommend that the Listco's shareholders vote to authorize and approve the Transaction Documents and the Transactions when they are submitted for shareholder approval. In connection with the Transaction, each of the shareholders of Amber DWM immediately prior to the consummation of the Merger is entering into a lock-up agreement with the Listco pursuant to which they have agreed not to transfer the shares received in consideration of the Merger for a period of 12 months following the Merger closing. The completion of the Transactions is subject to the satisfaction of closing conditions set forth in the Merger Agreement, including, among other things, receipt of the Listco's shareholder approval and regulatory/stock exchange approvals (if applicable). The Merger Agreement provides for a long-stop date for any party to terminate the agreement if the Merger is not completed by June 30, 2025 . " This merger represents a transformative opportunity to broaden our business portfolio by integrating Amber Premium's state-of-the-art digital wealth management solutions. By uniting iClick's robust data analytic and enterprise software expertise with Amber Premium's advanced digital wealth management services, we aim to unblock synergies between traditional finance and the rapidly evolving digital asset ecosystem, particularly benefitting corporate and high net worth individual clients ", said Mr. Jian Tang , Chairman, Chief Executive Officer and Co-Founder of iClick . The foregoing description of the Merger Agreement and the Voting Agreement does not purport to be complete and is qualified in its entirety to the full text of the Merger Agreement and the Voting Agreement, which are filed as Exhibits 99.2 and 99.3 to the Form 6-K furnished by the Listco to the SEC on 29, 2024, respectively. Simpson Thacher & Bartlett LLP is serving as U.S. legal counsel to Amber DWM. Cleary Gottlieb Steen & Hamilton LLP is serving as U.S. legal counsel to iClick. About Amber Premium Amber Premium, the business brand behind Amber DWM Holding Limited, is a leading digital wealth management platform offering private banking-level solutions tailored for the dynamic crypto economy. Serving a premium clientele of esteemed institutions and qualified individuals, Amber Premium develops and supports innovative digital wealth management products. Its institutional-grade access and operations makes it the top choice for one-stop digital wealth management services, providing tailored, secure solutions that drive growth in the Web3 economy. About iClick Interactive Asia Group Limited Founded in 2009, iClick Interactive Asia Group Limited (NASDAQ: ICLK) is a renowned online marketing and enterprise solutions provider in Asia . With its leading proprietary technologies, iClick's full suite of data-driven solutions helps brands drive significant business growth and profitability throughout the full consumer lifecycle. For more information, please visit https://ir.i-click.com . Safe Harbor Statement This press release contains certain "forward-looking statements." These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the pending transactions described herein, and the parties' perspectives and expectations, are forward-looking statements. The words "will," "expect," "believe," "estimate," "intend," "plan" and similar expressions indicate forward-looking statements. Such forward-looking statements are inherently uncertain, and shareholders and other potential investors must recognize that actual results may differ materially from the expectations as a result of a variety of factors. Such forward-looking statements are based upon management's current expectations and include known and unknown risks, uncertainties and other factors, many of which are hard to predict or control, that may cause the actual results, performance, or plans to differ materially from any future results, performance or plans expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to: (i) risks related to the expected timing and likelihood of completion of the proposed transaction, including the risk that the transaction may not close due to one or more closing conditions to the transaction not being satisfied or waived; (ii) the occurrence of any event, change or other circumstances that could give rise to the termination of the applicable transaction agreements; (iii) the risk that there may be a material adverse change with respect to the financial position, performance, operations or prospects of the Listco, Amber DWM or the combined entity; (iv) risks related to disruption of management time from ongoing business operations due to the proposed transaction; (v) the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of the Listco's securities; (vi) the risk that the proposed transaction and its announcement could have an adverse effect on the ability of Amber DWM or the combined entity to retain customers and retain and hire key personnel and maintain relationships with their suppliers and customers and on their operating results and businesses generally; (vii) any changes in the business or operating prospects of Amber DWM and the combined entity or their businesses; (viii) changes in applicable laws and regulations; and (ix) risks relating to Amber DWM's and the combined company's ability to enhance their services and products, execute their business strategy, expand their customer base and maintain stable relationship with their business partners. A further list and description of risks and uncertainties can be found in the proxy statement that will be filed with the SEC by the Listco in connection with the proposed transactions, and other documents that the parties may file or furnish with the SEC, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and the Listco, Amber DWM and their respective subsidiaries and affiliates undertake no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation. No Offer or Solicitation This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the transactions described above and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of Amber DWM, the Listco or the combined company, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom. Participants in the Solicitation The Listco, Amber DWM and their respective directors and executive officers may also be deemed to be participants in the solicitation of proxies from the shareholders of the Listco in connection with the proposed transaction. A list of the names of such directors and executive officers and information regarding their interests in the proposed transaction will be included in the proxy statement pertaining to the proposed transaction when it becomes available for the proposed transaction. Additional Information and Where to Find It The Listco will file with the SEC and mail to its shareholders a proxy statement in connection with the proposed transaction. Investors and securityholders are urged to read the proxy statement when it becomes available because it will contain important information regarding the proposed arrangement. You may access the proxy statement (when available) and other related documents filed by the Listco with the SEC at the SEC's website at www.sec.gov . You also may obtain the proxy statement (when it is available) and other documents filed by the Listco with the SEC relating to the proposed arrangement for free by accessing the Listco's website at ir.i-click.com . View original content to download multimedia: https://www.prnewswire.com/news-releases/amber-groups-subsidiary-amber-dwm-holding-limited-and-nasdaq-listed-iclick-interactive-asia-group-limited-enter-into-a-definitive-merger-agreement-302319082.html SOURCE Amber Group
NDP will not support Liberal GST holiday bill unless rebate expanded: SinghKenya has taken a historic step by joining the inaugural International Network of AI Safety Institutes, represented by Special Envoy for Technology, Ambassador Philip Thigo. This was during a meeting, held in San Francisco, USA last week and brought together global leaders to advance AI safety and promote international collaboration in managing artificial intelligence. As the only African nation in this alliance, Kenya joins the ranks of countries such as Australia, Canada, France, Japan, Korea, Singapore, the European Union, the United Kingdom, and the United States. Amb. Thigo highlighted the critical need for global cooperation to address the challenges posed by AI technologies, emphasizing the importance of inclusive innovation. The United States, serving as the Network’s first Chair, has united experts from member governments, AI developers, academia, and civil society. During a plenary session, Amb. Thigo stated, “The International Network of AI Safety Institutes aims to create a global platform for technical expertise, fostering shared approaches to AI safety that ensure the benefits of innovation are accessible to all nations.” Over two days of technical discussions, participants focused on managing risks from synthetic content, testing foundation models, and assessing risks tied to advanced AI systems. The Network is guided by six principles—action ability, transparency, comprehensiveness, multi-stakeholder involvement and reproducibility in order to establish a scientific basis for AI risk management and foster robust global practices. Kenya’s participation underscores its commitment to leading on AI safety and leveraging technology for development while mitigating potential risks. The collaboration aims to prevent fragmented governance that could hinder innovation and create vulnerabilities. The outcomes will inform the AI Action Summit in France, scheduled for February 2025. By gathering leading experts from governments, industry, academia, and civil society, the Network seeks to build a safer and more responsible AI ecosystem for the benefit of all.Marvel Rivals running on Steam Deck Marvel Rivals, the free-to-play hero shooter with Overwatch blatantly in its crosshairs , launched this week to a surging player base on Steam. It reached nearly half a million concurrent players, and some of them are no doubt enjoying it on their Steam Decks. Yep! Despite the earlier Alpha and Beta tests not running on Steam Deck, Marvel Rivals is officially supported on Valve’s handheld now (and here’s the proof from a Marvel Games producer, via Liam at GamingOnLinux ). Proof that a competitive team shooter can use anti-cheat and still run like a dream on Linux. Fix Black Screen During Cutscenes On Marvel Rivals There’s one small hurdle to clear, however. Developer NetEase and Valve are working out a bug that results in a boring black screen during cutscenes. The solution is to go into the game’s properties by pressing by selecting Marvel Rivals in your library and then choosing the gear icon. Once you’re there, choose Properties > Compatibility > check the box next to “Force the use of a specific Steam compatibility tool” and select “Proton Experimental.” Choosing "Proton Experimental" in Marvel Rivals' compatibility setting fixes the black screen ... [+] cutscene bug. It’s possible that Proton Experimental is already set as your system-wide compatibility layer, but try this just in case. I can confirm it solves the problem. Beyond that, be sure to click “Confirm” if a warning about an unsupported OS pops up, and then “Continue” if you see a warning about an outdated graphics driver. (Hopefully NetEase will remove these warnings in a future patch — especially since it claims the Deck is supported.) Gmail Takeover Hack Attack—Google Warns You Have Just 7 Days To Act FBI Warns Smartphone Users—Hang Up And Create A Secret Word Now Google’s RCS Nightmare—Why You Need A New App Now you can play without missing those beautiful cutscenes, but if you want to dial in the perfect graphics settings to achieve a higher framerate, keep reading. Best Graphics Settings For Marvel Rivals On Steam Deck Marvel Rivals is absolutely capable of 60FPS or higher on Steam Deck, but not without sacrificing some visual fidelity. Fortunately, this game not only features AMD FSR Frame Generation, but the implementation feels solid. Here are the settings I found to be ideal if you’re looking to reach 60FPS at the Deck’s native resolution of 1280x800: You may notice slight shimmering if you look closely enough — especially while panning the camera — but in the heat of battle you probably won’t be concerned by it. Aside from that, it played very smoothly for me during several public Quick Matches and mostly hovered near 60FPS! If you don’t care to use Frame Generation, you should still achieve roughly 40FPS. After a string of recent popular releases that run so poorly on Steam Deck — including the newly released Indiana Jones and the Great Circle — it’s refreshing to find Marvel Rivals officially supported and running this well. Happy gaming!
Last week, Amazon.com, Inc. AMZN deepened its partnership with Anthropic through an additional $4 billion investment, bringing Amazon's total investment in the artificial intelligence research and development company to $8 billion. The Details: As part of the investment, Anthropic has named Amazon Web Services as its primary training partner, in addition to continuing to be its primary cloud provider, and will use AWS Trainium and Inferentia chips to train and deploy its future foundation models. Amazon also said Anthropic will work with AWS's chip-making division, Annapurna Labs, to continue the development of its custom Trainium chips. Read More: Rumble CEO Considers Bitcoin Investment, Engages Michael Saylor As Shares Rally Expert Ideas: Bank of America Securities analyst Justin Post sees the expanded partnership as beneficial for both companies. Amazon needs a strong AI partner in order to ensure it can maintain competitive large language model (LLM) capabilities for AWS, and Anthropic likely needs more capital to compete with rival AI developer, OpenAI . Post also noted that the co-development of Amazon's Trainium chip capabilities could accelerate progress and build credibility for the chips among other AI customers. Also, Anthropic likely finds the potential cost savings for training and inference of its models attractive, given the company's current cash burn rate. The analyst reiterated his view that the expanded partnership will prove to be mutually beneficial for Amazon and Anthropic. "In our view, Amazon's growing investment will further advance Anthropic's capabilities, which should help capture incremental AI spend from Amazon's leading customer base," Post wrote. Bank of America Securities maintained its Buy rating and $230 price objective on Amazon stock. Price Action: According to Benzinga Pro , Amazon shares ended Monday's session 2.2% higher at $201.45. Read Next: Bitcoin Could Reach $1 Million By 2037, Economist Says: ‘Buy Of A Lifetime’ Opportunity Image: Shutterstock © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Five-star center Chris Cenac Jr. commits to Houston
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