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Nabors Industries (NYSE:NBR) Sets New 12-Month Low – Here’s WhyGet school shoes for 99c at PEP! – South Africans reactTech dominated the headlines this year, with the rise of AI being felt across the globe. There were also major outages, data breaches, and the biggest fine ever handed out to a technology company. In January, Hyundai unveiled the S-A2, an electric five-seat aircraft concept – essentially a flying taxi. The model was shown at the 2024 Consumer Electronics Show in Las Vegas. It's designed for short, faster urban trips and could hit the commercial market in 2028. Joining 2024's flying car trend is Chinese car maker XPeng. In November, the brand announced further updates to its battery-powered helicopter X2, hinting the product could land in Australia as soon as 2026. In April, half of the Australian population was impacted by a cyberattack on escript provider, MediSecure. At least 12.9 million Australians had their details compromised, making the hack bigger than the Optus and Medibank data breaches in 2022. The company found out about the hack in April but didn't notify the public until May. It was also unknown what data had been compromised, with at least 6.5 terabytes stolen – the equivalent of billions of pages of text. Medisecure was later placed into administration. "The investigation indicated that 6.5TB of data stored on the server was likely exfiltrated by a malicious third-party actor, however the encrypted server could not be examined to ascertain the information specifically accessed," administrators said. The CrowdStrike outage was one of the biggest global IT outages of 2024. The glitch, which was caused by a faulty software update, occurred on July 19, and affected computers running Microsoft Windows. The issue caused many Windows users to get locked into BSOD (blue screen of death) cycles, with the same problem hitting the likes of self-service checkouts at supermarkets, airport check-in screens, ordering terminals at fast food restaurants, and media broadcasting systems. The glitch led to thousands of flight cancellations in Australia and across the world. The "blue screen of death" even impacted checkouts at major supermarkets Coles and Woolworths. Then-home affairs minister Clare O'Neil described the incident as a "very serious incident for the Australian economy," but praised the swift response of businesses and the government. The new Sydney Metro trains took their first passengers on August 19. The driverless trains marked a new era of public transport for the city, with the M1 metro extending travel from Chatswood to Sydenham. The Metro carried more than 1.4 million passengers across the line in its first week, with an average of 210,000 metro trips per day. Technology giant Nvidia suffered an astounding $415 billion loss in a single day, on September 5. The AI chipmaking giant was briefly the world's most valuable company after last year topping $4.9 trillion in value — the highest for any public company. But the share price plummeted shaving a remarkable $415 billion off the company's value, outpacing the previous record of $356 billion, which was set by Meta in 2022. Kids suffered after the Sony PlayStation Network experienced a global outage – going down on the second day of the spring school holidays. Downdetector had over a thousand reports from Australian users who said they had a problem. Australia was named the world's most AI-addicted country. Australia made more than 38 million searches using ChatGPT and Gemini, at a rate of 1.42 searches per person. Elon Musk offered a sneak peak of Tesla's Optimus robot. Musk unveiled a prototype at a Tesla conference dubbed "We, Robot". "Optimus is your personal R2D2 / C3PO, but better," Tesla spruiked. "It will also transform physical labor in industrial settings." Musk has promised the technology would be able to "teach, walk your dog, or baby sit your kids". Kim Kardashian even embraced the futuristic technology and shared a video of her Tesla Optimus bot to Musk's platform, X. "Meet my new friend," she wrote . A world-first AI program, ResQvision , was developed to aid patrols at Australian beaches this summer. The AI technology distinguishes between waders, swimmers who are OK, and swimmers who are in distress. Surf lifesaver Alex Piatek and his friends Bryan Pakulski and Julian Kovacek came up with the idea after witnessing a man almost drown. "As a volunteer lifesaver myself, my passion for preventing these tragedies led to the invention of ResQvision," Piatek said. "Ready for a summer rollout, this technology has the potential to significantly improve beach safety not just in Australia, but globally." On October 29, Google's AI Overview search results rolled out in Australia. The technology provides AI-generated answers, sourced from multiple websites, when a query is typed into Google. Google Overview differs from ChatGPT as it attributes where the information has been sourced from. On November 11, Russia fined Google more than $20,000,000,000,000,000,000,000,000,000,000,000 - more money than what exists in the entire global economy. Google owes the Kremlin more than 2 undecillion rubles — a 2 followed by 36 zeroes — after refusing to pay fines that are now accruing for blocking pro-Russian channels on YouTube. Throughout the same month, millions of disgruntled X users began flocking to Bluesky . The social media platform grew from Twitter before billionaire Elon Musk took over in 2022 and rebranded it as X. The platform bears resemblance to X and even features a "discover" feed as well as a chronological feed for accounts that users follow.Trump’s net worth rose by billions this year despite legal challenges and wild stock market. Here’s what it is now.
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Tech winners and losers of 2024: For every triumph, a turkeyThe holiday shopping season has started fast, especially online, and those automated chatbots are working overtime. Artificial intelligence is increasingly finding its way into decisions that once were purely human, like whether or not to buy a sweater. This year, more than ever, smart computer programs are stepping between customers and their shopping. These programs make recommendations based on purchase history, browsing behavior and demographics. They also sharpen the results from online product searches, adjust prices based on competitive factors, and improve product placement or promotions. AI-powered customer service can answer questions and take orders. AI can even enable apparel shoppers to virtually “try on” clothes to see if they’ll fit. This integration of AI with routine tasks of our everyday lives isn’t new, but its ubiquity is growing. Merchants say their embrace of AI creates more efficient and personal shopping experiences. If Santa can tell when you’ve been bad or good, as the Christmas carol goes, imagine what a computer analyzing every keystroke can surmise about you and your holiday shopping list. Some AI applications rival science fiction. A recent survey of 2,000 adults under age 40 showed that 13% of young men and 9% of young women are open to friendships with AI-generated companions, and 1 in 4 young people say they believe AI partners could eventually replace real-life romance. The Institute for Family Studies, a conservative think tank that conducted the poll, concludes, “Robots aren’t just coming for your jobs but for your relationships, too.” In the U.S., this incursion is largely unregulated, which could be risky based on how AI is being used. The European Union has developed a sensible AI regulatory framework that rates the risk from “minimal” to “unacceptable.” Most AI related to holiday shopping falls into the catch-all category of “limited” risk, meaning the systems could be used to deceive people in relatively small ways. For example, the EU requires that chatbot programs conversing in text or voice make it clear that human users are interacting with AI, not other humans. The EU framework is still being sorted out, but at least the Europeans have one. In the U.S., Congress so far has failed to pass legislation, and the only national standards to date stemmed from an executive order that outgoing President Joe Biden imposed in 2023. With ex-President Donald Trump returning to the White House, Biden’s order is probably headed for the trash, and it’s unclear what AI guardrails a Trump administration might want, if any. ... During the run-up to Election Day, both Republicans and Democrats used AI to target messages and generate memes. Fortunately, the worst fears of a lifelike fake message or video disrupting the election never materialized. Advocates in the AI industry have pushed for rules of the road to help the technology gain acceptance and head off problems. The Europeans have provided a reasonable starting point. Now it’s up to the ruling GOP to recognize that imposing regulations on the AI free-for-all stands to promote innovation and ensure that these powerful tools are used in a manner that serves the public. Get local news delivered to your inbox!
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Pep Guardiola admits he is questioning himself after Manchester City’s latest defeat left them in danger of missing out on the Champions League knockout stages. City slumped to their seventh defeat in 10 games in all competitions as they were beaten 2-0 at Juventus in their latest European outing on Wednesday. Second-half goals from Dusan Vlahovic and Weston McKennie at the Allianz Stadium left Guardiola’s side languishing in 22nd place in the standings. Juventus beat Man City 💪 #UCL pic.twitter.com/H4KL15iCke — UEFA Champions League (@ChampionsLeague) December 11, 2024 With just two games of the league phase remaining, a place in the top eight and automatic last-16 qualification looks beyond them and they face a battle just to stay in the top 24 and claim a play-off spot. City manager Guardiola said: “Of course I question myself but I’m stable in good moments and bad moments. “I try to find a way to do it. I’m incredibly honest. If we play good (I say) we played good and today I thought we played good. “Our game will save us. We can do it. We conceded few chances compared to the Nottingham Forest game that we won. We’re making the right tempo. “We missed the last pass, did not arrive in the six-yard box (at the right time) or have the composure at the right moment. “But I love my team. This is life, it happens. Sometimes you have a bad period but I’m going to insist until we’re there.” City now face a crunch trip to Paris St Germain, who are also at risk of failing to qualify, next month. Guardiola accepts the top 24 is now the only aim. He said: “It’s the target. We need one point or three points. We go to Paris to try to do it and the last game at home.” Veteran midfielder Ilkay Gundogan said after the game he felt City were suffering from a loss of confidence but Guardiola dismissed his player’s comments. “I am not agreeing with Ilkay,” he said. “Of course it is tough but, except one or two games in this period, we’ve played good.” City now face a further test of their resolve as they host rivals Manchester United in a derby on Sunday. "We played well" Pep Guardiola trusts in his squad despite 2-0 loss to Juventus... 📺 @tntsports & @discoveryplusUK pic.twitter.com/VrmTzcTrEF — Football on TNT Sports (@footballontnt) December 11, 2024 Gundogan told TNT Sports: “It (confidence) is a big part of it. That’s a mental issue as well. “You can see that sometimes we miss the ball or lose a duel and you see that we drop immediately and lose the rhythm. They (the opponents) don’t even need to do much but it has such a big effect on us right now. “Even more you have to do the simple things as good as possible and create and fluidity, then it’s work hard again. This is how you get confidence back – do the small and simple things, (but) in crucial moments at the moment we are always doing the wrong things.” Juventus coach Thiago Motta was pleased with the hosts’ performance, which boosted their hopes of making the top eight. “It was a deserved victory,” he said. “We had to defend as a team and be ready to attack with quality. “We have shown we can compete at this level and now we have to do it consistently.”Mesa, AZ, Dec. 11, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of RVR, Inc., the leading worldwide owner and operator of motor homes, today announced the appointment of Michael A. Bloom, Esquire, The Honorable Ursula Ungaro, and The Honorable Patrick Riley, effective December 9, 2024, as Independent Directors of the Company. They will serve as members of a newly created Special Committee responsible for conducting an independent analysis of legal and other matters related to the Company’s Employee Stock Ownership Plan and the pending litigation with the U.S. Department of Labor. These appointments increase the size of the Corporation’s Board from seven to ten members. “We are pleased to welcome Michael Bloom, The Honorable Ursula Ungaro, and The Honorable Patrick Riley to our Board of Directors,” said Randall Smalley, Chairman of the Board. “Their combined experience as highly respected and accomplished legal leaders and trusted business advisors will be invaluable to our Board.” About Michael A. Bloom, Esquire Michael A. Bloom served as the long-time General Counsel of the law firm Morgan Lewis, partner in its Bankruptcy and Financial Restructuring Practice, and chair its Standing Committees on Conflicts and Professional Responsibility. He co-founded and is a past chair of the Eastern District of Pennsylvania Bankruptcy Conference and has taught the corporate bankruptcy seminar at the University of Pennsylvania Law School. A principal draftsperson of Pennsylvania's Rules of Professional Conduct, he is the six-term former chair of the Pennsylvania Bar Association's Committee on Legal Ethics. Mr. Bloom served as chair of the Pennsylvania Bar Association Judicial Evaluation Commission. He is a recipient of many awards for teaching and legal ethics and received the Equal Justice Award presented by Community Legal Services, Inc. Within the community, he serves currently as Emeritus Trustee of Dickinson College and the Advisory Boards of the Homeless Advocacy Project and the Consumer Bankruptcy Assistance Project. Mr. Bloom also is an active speaker on the topic of conflicts, professional responsibility, and risk management. About The Honorable Ursula Ungaro Hon. Ursula Ungaro is a Partner at the law firm Boies Schiller Flexner and served as a United States District Judge in the Southern District of Florida for 29 years. Her judicial experience also includes five years as a Florida state trial judge. Before becoming a judge, she was a litigator in Miami and a partner in two prestigious law firms, specializing in complex commercial litigation. While a federal judge, Judge Ungaro presided over a significant caseload, including high-profile matters, and served on the Eleventh Circuit Court of Appeals as a visiting judge. She was a member of the Judicial Resources Committee of the Judicial Conference of the United States, which is responsible for making compensation and other human resource-related recommendations to the Chief Justice of the United States Supreme Court. She also served as Chair of the Southern District of Florida’s Clerks Committee and the Magistrate Judges Committee, as a trial judge on the Eleventh Judicial Circuit of the State of Florida, and on the Florida Supreme Court Race and Bias Commission. Judge Ungaro currently serves on the Family Learning Partnership board and participates in CARE Court, a court-assisted reentry program for moderate- and high-risk offenders recently released from prison. She also serves as a director on the board of a public company, Longeveron. About The Honorable Judge Patrick J. Riley Hon. Patrick J. Riley began his career serving as an Assistant District Attorney in the Essex County Superior Courts of Massachusetts, later entering private practice and establishing Riley, Burke & Donahue, LLP, focusing on civil and criminal trials. In 2002, he was appointed as an Associate Justice of the Superior Court for the Commonwealth of Massachusetts, with jurisdiction of Civil, Criminal, and Equity matters. Post-retirement, Judge Riley has served as an Independent Trustee/Director, currently serving as Chairman of the Board and Independent Trustee of The SSGA Combined Mutual Fund Board, providing oversight and governance to several ’40 Act registered product lines. He previously served in Dublin, Ireland as the Independent Chairman of the Board and Director of the SSGA SPDR ETFs Europe 1, plc, and SSGA SPDR ETFs Europe II, plc, Dublin, Ireland—a complex of more than 100 ETFs distributed throughout EMEA and the world except the USA; an Independent Director, The State Street Global Advisors Liquidity, plc, Dublin, Ireland; an Independent Director, The State Street Global Advisors Windwise Funds, plc, Dublin, Ireland. The State Street engagements encompassed being an independent director/trustee chairman of boards with oversight, governance, and compliance review for more than 75 Mutual Funds, UCITS, and ETFs in multi-jurisdictional and regulatory environments with more than $500 billion dollars of AUM. ### Randall Smalley Cruise America, Inc. 602-725-0883 rsmalley@cruiseamerica.com
The Original Microwave Ovens Were Gigantic—and Expensivesimonkr Today, we return to the land of mortgage REITs. We typically stick to the land of real estate, and most publications from REITer’s Digest cover equity REITs which own equity interests in their real assets. However, the other side of REITs deserves love Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.