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Align receives Best Cloud Services Provider Award in the 2023 Hedgeweek US Awards for its innovative Managed IT Solutions

NEW YORK–(BUSINESS WIRE)–#alternativeinvestment–Align, the premier global provider of technology infrastructure solutions and Managed IT Services, announces today that it has been awarded Best Cloud Services Provider in the 2023 Hedgeweek US Awards.

 

This annual award recognizes excellence among fund managers and service providers in the US across a wide range of categories. As the top Cloud Service Provider, Align prides itself on offering the highest-quality managed IT services for hedge funds. The Align IT Suite, Align’s complete Managed Services platform, is built on the foundation of the Microsoft public cloud, offering flexible, secure, compliant managed services for clients, particularly those in the alternative investment industry.

 

Chris Zardima, Managing Director of Align Managed Services, expresses his gratitude for the recognition for Hedgeweek, stating, ” We are honored to have received recognition as the top Cloud Services Provider by Hedgeweek. In response to the dynamic demands and security concerns brought about by the changing financial services landscape, we have taken a proactive stance. Our cornerstone managed IT solution, the Align IT Suite, is strategically hosted within the Microsoft public cloud. This deliberate decision empowers us to provide our clients with IT solutions that exhibit both scalability and adaptability, while also proactively addressing the evolving regulatory and threat landscapes.”

 

As a trailblazer in the industry, Align became the first Managed Services Provider to introduce an all-encompassing Public Cloud-based platform tailored exclusively for the Alternative Financial Services sector. As a premier Tier 1 Microsoft Azure cloud services provider with a singular focus on the alternative investment industry, Align has broadened its portfolio by delivering cybersecurity solutions meticulously designed for Registered Investment Advisors and the Alternative Investment (ALT) community. Align has been a pioneering advocate for the adoption of public cloud computing as the ideal foundation for shaping a modern IT environment for fund managers. Respected organizations from around the world place their unwavering trust in Align for the management of their IT infrastructure.

 

“Our award-winning solution simplifies IT management while addressing the critical needs of security and compliance,” remarks Vinod Paul, Chief Operating Officer.

 

“Our services provide the Alternative Financial Services industry with the confidence, reliability, and adaptability necessary to excel in the dynamic IT environment of today. Through Align Managed Services, clients can harness solutions engineered to lower operational expenses, expedite workflows, mitigate risks, and enhance and streamline the multitude of controls essential for meeting both existing regulatory compliance standards and the ongoing expectations of due diligence.”

 

To learn more about Align, go to www.align.com and follow Align on LinkedIn and at @AlignITAdvisor on Twitter.

 

About Align

Align is a premier global provider of technology infrastructure solutions. For over 35 years, leading firms worldwide have relied on Align to guide them through IT challenges, delivering complete, secure solutions for business change and growth. Align is headquartered in Dallas, Texas and has offices in New York City, London, Chicago, San Francisco, Arizona, New Jersey, and Virginia. Learn ore at https://www.align.com/managed-services.

Contacts

Ashley Holbrook

aholbrook@align.com
212-546-6159

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Jekyll Island Convention Center to continue partnership with ASM Global through 2029

JEKYLL ISLAND, Ga. — (BUSINESS WIRE) — #ASMGlobalASM Global has won the renewal of management of the Jekyll Island Convention Center (JICC) in Jekyll Island, Georgia. ASM Global, which oversees the largest portfolio of convention centers in the U.S. and internationally, has operated the venue since its opening in May 2012.


The Jekyll Island Authority (JIA) board approved the management term extension for an additional five years with an option for an additional five-year renewal after that at the discretion of the JIA. The continued partnership solidifies ASM Global’s commitment to delivering exceptional experiences and ushering in a new era of innovation for JICC.

 

“Our longstanding partnership with ASM Global has been instrumental to the successes of the Jekyll Island Convention Center since its opening more than a decade ago,” said Mark Williams, JIA executive director.

 

“ASM Global’s exceptional service and consistent performance have played a pivotal role in the center’s recognition as a top venue both within the state and along the southeastern coast. We believe this continued partnership reaffirms our commitment to excellence in serving our business and leisure visitors.”

 

The only oceanfront convention center on the East Coast south of New Jersey, JICC is the cornerstone of business and entertainment events in the region, offering over 128,000 square feet of flexible event space with a 45,000-square-foot ballroom, 11 meeting rooms, full in-house catering by SAVOR, in-house A/V service and spectacular coastal views.

 

A Silver LEED-certified venue, JICC is a showcase for sustainability, with design and construction centered around the delicate coastal ecosystem and incorporating locally sourced materials, such as shells, sea glass and reclaimed pine. Some of the sustainability features include individual lighting for 90% of the building, a solar-powered water-heating system, innovative water-waste technology, and the use of high-performance and low-emitting materials.

 

“We thank the Jekyll Island Authority for both their long-term partnership and continued confidence in ASM Global to manage this jewel of convention centers,” said John Page, regional general manager, ASM Global.

 

“I’m extremely proud of our Jekyll team led by Tabitha Mayers and excited for the future as they continue to advance and deliver cutting-edge and innovative services for our clients every day.”

 

About ASM Global

ASM Global is the world’s leading producer of entertainment experiences. It is the global leader in venue and event strategy and management—delivering locally tailored solutions and cutting-edge technologies to achieve maximum results for venue owners. The company’s elite venue network spans five continents, with a portfolio of more than 350 of the world’s most prestigious arenas, stadiums, convention and exhibition centers, and performing arts venues. Follow us on Facebook, Instagram, LinkedIn and Twitter. asmglobal.com.

Contacts

Jim Yeager

breakwhitelight (for ASM Global)

jim@breakwhitelight.com
818-264-6812

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Sources: Byju’s plans to sell Epic, acquired for $500M, to settle debts after defaulting on $1.2B+ in loans, and may also sell Great Learning, bought for $600M

—  Online education company was once India’s most valuable start-up but now plans asset sales to settle debts

 

 

Chloe Cornish / Financial Times:

 

 

An educational technology empire rapidly assembled by Byju’s during a pandemic funding boom is now set to be dismantled, as what was once India’s most valuable start-up looks to asset disposals to settle its pressing debts.

 

Byju’s had used loans and a war chest of more than $2bn, gathered from venture capital during the pandemic, to go on an acquisition spree, aiming to capitalise on the trend towards online learning and become a global edtech powerhouse. But overexpansion and a post-pandemic contraction in its market have left it desperate for cash to pay off creditors. The principal ones hold notes for a $1.2bn dollar-denominated term loan it took out in 2021 and has defaulted on, embroiling it in lawsuits and countersuits across the US.

 

In addition, it has borrowed $250mn this year from investment firm Davidson Kempner Capital Management, although two people with knowledge of the situation said under $100mn was disbursed before Byju’s defaulted on that loan too.

 

A lawyer familiar with the situation said he expected “Byju’s to drive a lot of M&A in the coming months.” Its efforts to realise cash through disposals are set to begin with Epic, a California-based digital reading platform, which it acquired in 2021 for $500mn. One person familiar with the matter said term sheets had been drawn up for a deal and another said Moelis, the investment bank, was running the sales process. Moelis declined to comment.

 

Nirgunan Tiruchelvam, head of consumer and internet at Singapore-based Aletheia Capital, said “a battle for the spoils” was beginning, as “various parts of the business could be sold to people who are interested in buying an asset at a discount to its fair value.”

 

Those spoils could include Byju’s subsidiary Great Learning, which offers online higher education courses. Through legal action, Byju’s term lenders won the right to appoint financial firm Kroll to oversee the Singapore-based edtech company. Byju’s acquired Great Learning just two years ago for $600mn, but two people familiar with the matter said it was likely Great Learning would ultimately be sold to help settle debts.

 

Byju’s financial problems also extend to the presentation of its accounts. It is roughly one year late in filing them for its financial year that ended in March 2022 and its chief financial officer Ajay Goel is quitting the company at the end of this week. Goel is rejoining Indian conglomerate Vedanta as CFO, after only leaving it in April to join Byju’s. He told investors in June that the audit to March 2022 would be completed by September.

 

The edtech company, which delayed reporting a $560mn loss in its 2020-2021 year, has suffered the resignation of its auditor Deloitte and of three board members representing its backers. One of them, Prosus, has written down its stake to give Byju’s an implied valuation of just $5bn, down from $22bn last year.  Byju’s did not respond to a request for comment.

 

 

 

Techmeme

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WIPO: In 2022, Chinese entities applied for 29,853 AI patents, up from 29,000 in 2021, almost 80% more than the 16,800 US filings, down from 17,800 in 2021

—  Patent filings from China almost doubles the sum of US in 2022 

— Top players like Baidu, Alibaba race to monetize AI products

 

 

Bloomberg:

 

China is increasing its lead over the US in AI patent filings, underscoring the Asian nation’s determination to shape and influence a technology that could have broad implications for the world’s richest economies.

Chinese institutions applied for 29,853 AI-related patents in 2022, climbing from 29,000 the year prior, according to data that the World Intellectual Property Organization provided to Bloomberg News. That’s almost 80% more than US filings, which shrank 5.5%. Overall, China accounted for more than 40% of global AI applications over the past year, the data from the United Nations-affiliated agency showed. Japan and South Korea rounded out the 2022 leaders, with a combined 16,700 applications.

 

 

R&D Drive

Patent applications for AI-related inventions

World Intellectual Property Organization

Data are subject to revision

 

The numbers illustrate how Beijing has pushed Chinese companies and agencies to gain an edge in areas such as chipmaking, space exploration and military sciences. More recently, President Xi Jinping has ordered the nation to accelerate fundamental research in response to US efforts to curtail its access to advanced technologies. That’s triggered a flood of investment by Chinese companies in AI and quantum computing.

Baidu Inc. is now vying with Alibaba Group Holding Ltd. and Tencent Holdings Ltd.  as well as startups such as Baichuan and Zhipu to develop a local answer to US rival OpenAI’s groundbreaking generative AI chatbot ChatGPT.

 

China is Leading the World in AI Patents Filing

It overtook the US in 2017 and has widened the gap since

Source: WIPO

 

Academics close to decision-makers in Beijing have argued that building an arsenal of patents is one of the most effective ways to counter Washington’s campaign of restrictions. Not all patent filings result in real-world inventions, but Chinese firms such as Huawei Technologies Co.  have established a track record of leading innovation in the past in sectors such as networking, supercomputing and image recognition.

China surpassed the US in the number of AI filings as far back as 2017, when local firms accelerated the use of algorithms in an array of businesses from car-hailing to online shopping.

 

— With assistance by Thomas Pfeiffer and Yuan Gao

Techmeme

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What kind of animation are Europe’s next gen creators aiming to make? Cartoon Springboard supplies some suggestions

What kind of animation has Europe’s next gen talent got in the hopper?

 

Cartoon Springboard, an E.U. platform organized by Cartoon for burgeoning toon talents which kicks off today in Madrid, can supply some answers.

 

Of the 24 projects to be pitched Wednesday and Thursday at Madrid’s Atheneum, a large part will be made, if financed, in 2D. At least half are from women.

 

Quite a few potential standouts come from France: ”Bitches,” which won an Annecy Ciclic Prize at its MIFA Pitches; “Maestitia,” co-helmed by Merel Hamers, at Gobelins, and “Inspector, Your Pants!” from the same prestige school; “When Monsters Within,” whose key creative Pablo Alcázar studies at Valence’s La Poudrière, another venerable French animation school.

 

Some directors are known values, as streaming platforms and France’s Annecy Festival turn creators into niche stars. “All Good,” for instance, is co-directed by Diego Porral, who served as animation lead on the “Kill Team Kill” episode of “Love Death + Robots.”

 

Most crucially, around half the titles target YA viewers. Born in the U.S. with “The Simpsons,” YA animation is now exploding in Europe. One of its major challenges is to find an international audience, as a recent Cartoon Brew article suggested. Having been at it for 35 years, the level of U.S. YA shows is formidable.

 

One way to square that circle, however, may be to pitch public broadcasters over Europe looking to power up their younger-skewing digital services as they move ever more front and center to networks’ identity.

 

There it may help that so many series at Cartoon Springboard this year carry a PBS-friendly social issue undertow: Whether an eco-conscience “(Azul’s Journey,” “Freshstyle,” “No Pets)” or gender focus “(Labinocle,” “My Grandmother is a Skydiver).” Social commitment, which Europe’s young creators have in buckets, may be one way forward.

 

Running Oct. 24-26, Cartoon Springboard is supported by Creative Europe-Media and the Community of Madrid, the City Council of Madrid, Madrid Film Office, and ICEX, the Spanish Institute for Foreign Trade. A quick breakdown of this year’s titles:

“All Good,” (Diego Porral, Joaquín Garralda, Spain)

 

A young adults-oriented TV comedy series, the story of a workplace burnout, directed by Porral, one of Spain’s best 2D animators, whose credits include “Love Death & Robots” and “Buñuel in the Labyrinth of the Turtles.” Another Porral-Garralda project, “Leopoldo From the Bar,” played at May’s Cannes Spanish animation showcase “Revelations!”

 

 

Read more here:

https://variety.com/2023/film/global/cartoon-springboard-diego-porral-1235766311/

 

 

Variety

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The AZEK® Company named in 2024 best companies to work for: List by U.S. News & World Report

CHICAGO — (BUSINESS WIRE) — The AZEK Company Inc. (NYSE: AZEK) (“AZEK” or the “Company”), the industry-leading manufacturer of beautiful, low-maintenance and environmentally sustainable outdoor living products, including TimberTech® decking and railing, Versatex® and AZEK® Trim, and StruXure™ pergolas, was awarded a place on the U.S. News & World Report inaugural list of best companies to work for in the construction and materials category.

 

“It is an honor to be recognized for our continued focus on prioritizing employee growth and well-being as well as creating a workplace where our employees feel fulfilled, engaged, empowered, and valued,” said Sandra Lamartine, Chief Human Resources Officer at The AZEK Company.

 

“Each one of our team members makes our workplace special and I’m excited for what this means for them and for our future.”

 

The global authority in rankings and consumer advice, U.S. News & World Report ranked AZEK among the 349 best publicly traded companies to work for across 20 industries, considering quality of pay, work-life balance, belongingness and esteem, and opportunities for professional development and advancement by industry.

 

The evaluation of how a company performs on each metric was based on subjective analysis and editorially curated selections of publicly available employee sentiment and other data that demonstrates how a company supports the everyday experience of its workers. The editors compared each company to its peers in one of 20 broad industry groups, awarding “Best” status only to the top 20 percent.

 

The full U.S. News & World Report 2024 list of Best Companies to Work For is currently available here.

 

About The AZEK® Company

The AZEK Company Inc. (NYSE: AZEK) is the industry-leading designer and manufacturer of beautiful, low maintenance and environmentally sustainable outdoor living products, including TimberTech® decking and railing, Versatex® and AZEK Trim® and StruXure™ pergolas. Consistently recognized as a market leader in innovation, quality and aesthetics, products across AZEK’s portfolio are made from up to approximately 90% recycled material and primarily replace wood on the outside of homes, providing a long-lasting, eco-friendly and stylish solution to consumers. Leveraging the talents of its approximately 2,000 employees and the strength of relationships across its value chain, The AZEK Company is committed to accelerating the use of recycled material in the manufacturing of its innovative products, keeping millions of pounds of waste out of landfills each year, and revolutionizing the industry to create a more sustainable future. The AZEK Company has recently been named one of America’s Climate Leaders by USA Today, a Top Workplace by the Chicago Tribune and a winner of the 2023 Real Leaders® Impact Awards. Headquartered in Chicago, Illinois, the company operates manufacturing and recycling facilities in Ohio, Pennsylvania, Idaho, Georgia, Nevada, New Jersey, Michigan and Minnesota. For additional information, please visit azekco.com.

Contacts

AZEK Media Contact:
Amanda Cimaglia

312-809-1093

media@azekco.com

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Director Rafael Primot on ‘Black Rain’ and the evolution of Brazilian story telling with The Creators Bridge

In a pivotal move underscoring the international appeal of Brazilian narratives, Rafael Primot’s “Black Rain” is set for an exclusive global launch through The Creators Bridge.

 

The series, which delves into contemporary themes such as unconventional families, fraternal love and diversity, does so with a mature and nuanced lens.  In the storyline, brothers Zeca (Marcos Pitombo) and Vitor (Rafael Primot) are entrusted with the care of their younger brother Lucas (João Simões), a 16-year-old with Down Syndrome, following the mysterious disappearance of their parents, Nancy (Julia Lemmertz) and Geraldo (Zé Carlos Machado).

 

Their journey is enriched by the support of characters like Julie (Vanessa Giácomo), Vitor’s wife; Micha (Leona Jhovs), a trans woman, and Aunt Yara (Denise Del Vecchio). Throughout the series, the intricate tale of Nancy and Geraldo unfolds through evocative flashbacks, offering viewers a deeper understanding of the family’s history.

 

The Creators Bridge, a boutique creative content agency, is the driving force behind this international venture. Founded by industry veteran Felipe Herz Boclin, the agency stands out for its innovative approach to curating and promoting Brazilian creative assets on the global stage. “Brazil, given its audience/viewers market size on subscription and media power, has a unique opportunity to attract international capital for production and also export valuable assets,” Bowline remarked.

 

At its core, The Creators Bridge operates as a creative-commercial nexus, adeptly navigating the vast audiovisual landscape. It specialises in identifying and marketing valuable Brazilian assets across the production spectrum, from original scripts by award-winning screenwriters to international co-productions. This holistic approach, combined with the expertise of former Globo executives, positions them as a bridge between creative studios and business, fostering collaborations that resonate both domestically and internationally.

 

Brazil’s audiovisual landscape is undergoing a transformative phase, evolving beyond its traditional stronghold in telenovelas.

 

“What we are witnessing is a new wave of talent with fresh storytelling references. Streaming platforms are driving a new pace of production, narrative styles, and genres. If the Brazilian audiovisual industry has to develop itself ten years in two, this is the right moment,” Boclin observed. He further emphasised the global influence shaping Brazilian content, noting the impact of diverse international productions from the Nordics to Chile. This global integration is pushing Brazilian creatives beyond the traditional melodrama school, heralding a “New Brazilian Drama wave all over the world.”

Despite past governmental setbacks and challenges faced by independent producers, the industry is blossoming. Agencies like The Creators Bridge stand as not just participants but catalysts in this evolution, championing narratives like “Black Rai” and underscoring Brazil’s burgeoning role in the global entertainment tapestry.

 

Variety interviewed Primot as his series launches into the global market.

 

Over the last few years, Brazilian telenovelas have showcased more naturalistic performances. How does Black Rain”[“Chuva Negra”] embrace this trend, and what opportunities does it offer actors in their portrayals?

“Chuva Negra” was crafted with a clear intention to mirror the complexities of real life. We wanted viewers to recognise themselves in the characters, to see their own perfections and imperfections reflected on screen.

 

The series delves into themes that might be considered delicate by some, but at their core, they’re fundamentally human, emerging from the tragedies and triumphs that life throws at us. Our narrative approach, the writing, and the performances all converge to treat these themes with empathy and generosity. We aimed to humanise every character, to showcase the naturalness of their experiences. The story unfolds, revealing that even the most traditional families have their secrets, their dark sides.

 

As the narrative progresses, we see that everyone, regardless of their background, has flaws. On a broader scale, the acting style in Brazil has been undergoing a transformation. Influences from modern cinema, international series, and even the raw authenticity of reality shows have reshaped expectations. Today’s audiences demand genuine portrayals; they want to immerse themselves in a story without being constantly reminded that they’re watching fiction.

Rafael Primot

The visual language of “Chuva Negra” is notably cinematic, more paused and observant. Can you discuss this choice and its influence on the narrative?

“Chuva Negra” is a series that, while addressing global themes and pressing social issues, primarily zeroes in on love, affection, and the intricacies of family dynamics. With the intent of discussing differences and promoting inclusion, I opted for a classic narrative style. This was juxtaposed with the more fantastical element of the dark, muddy rain, symbolizing impending transformations.

 

The cinematography was chosen to mirror the varying emotional climates of the characters. When they come together, there’s warmth, but each character also grapples with their own internal storms. The visual style was a deliberate choice to enhance the storytelling, making it resonate with audiences on a deeper level.

 

Working with João Simões, an actor with Down syndrome, must have presented unique challenges. How did you adapt your approach to ensure his outstanding performance?

João Simões is an extremely dedicated actor who loves what he does. I met him in the theater, in a small amateur group in which he participated alongside other actors with special characteristics. To ensure he could deliver the best performance and for his well-being, we had a few months of preparation and rehearsal just with him, alongside Rodrigo Frampton, my assistant who helped João both memorise his lines and understand them, which was, in my view, the main point of the preparation.

 

Variety (EXCLUSIVE)

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A look at TSMC’s Open Innovation Platform, which debuted in 2008 and now involves tens of companies that help TSMC’s clients build better chips more efficiently

Anton Shilov / AnandTech:

 

 

—  This year TSMC is commemorating 15 years of its Open Innovation Platform, a multi-faceted program that brings together the foundry’s suppliers, partners, and customers to help TSMC’s customers better build innovative chips in an efficient and timely manner.

 

The OIP program has grown over the years and now involves tens of companies and over 70,000 IP solutions for a variety of applications. It continues to grow, and its importance will get higher than ever when next generation technologies, such as 2 nm, and advanced packaging methods become mainstream in the coming years.

 

“This is not a marketing program, it is actually an engineering program to enable the industry,” said Dan Kochpatcharin, Head of Design Infrastructure Management at TSMC, at the OIP 2023 conference in Amsterdam, the Netherlands. “We have a huge engineering team behind to work with the EDA partners, IP partners, and design partners.”

 

Read more here:

A look at TSMC’s Open Innovation Platform, which debuted in 2008 and now involves tens of companies that help TSMC’s clients build better chips more efficiently

 

 

Techmeme

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Artist Spotlight: Molly Burch inspired, dreamy album features her soaring vocals to express relatable music

The first lyric on Daydreamer might be its best. “I don’t wanna waste my time again obsessing ‘bout how nothing fits,” indie rocker Molly Burch sings on the string-heavy ‘Made of Glass.’ This lyric, and others like it that jumped out when listening to her fourth album, are astoundingly tuned-in to the angst, loneliness, and sometimes endless yearning all young people can relate to.

 

“I’m so fragile, it’s not even funny,” she sings on the same song; “I’ve fallen out of love with myself” on synthpop lead single ‘Physical;’ “I chase the feeling of being your favorite” on the jangly, upbeat ‘Unconditional.’

 

Armed with inspirations ranging from Kate Bush to Ariana Grande — which was surprising at first, but after hearing her cover ‘needy’ on tour, it totally fits — Burch uses her soaring vocals amidst lush arenas of sound to create an ethereal and dreamy album.

 

We caught up with Molly Burch for the latest edition of our Artist Spotlight series to talk about the process of recording, her relationship to the music industry, and the relatability of her lyricism.

 

There’s this really entrancing quality to the record — your vocals soar in the realm of Kate Bush and they’re backed by this lushness of chamber pop. Who were some of your inspirations for this record, either with writing or its sound?

 

I love Kate Bush so much. Such a compliment. With this, sonically, Jack [Tatum] and I listened to a lot of city pop and 80s music. We both really wanted strings and horns, and really lush instrumentation. I think he did a really great job of like the balance of synths, but also a lot of natural sounds. And for vocal inspiration, I always have Ariana Grande on my playlists. It’s always like a mix of modern pop, lots of Madonna, ’80s throwbacks.

 

When I was listening to Daydreamer for the first time, the word that kept coming to me was ‘astute.’ There are so many good observations and snappy lyrics about life, anxiety, and the self. I wanted to ask about your writing process — are you a sit-down thinker, or does stuff come to you in the middle of the day that you hurry to jot down?

 

That’s so nice. I kind of struggled my whole career with confidence with my writing. And because I always sort of see myself as a vocalist, like, that’s my instrument. And I took a while to get the confidence to write songs. And I really didn’t until my first album, Please Be Mine. My last album, Romantic Images, I was so focused on the sonic shift, I did want the production to be more clean and more pop. And this album, I was more focused on writing and lyrics. I also took longer to write this album — I started in 2021. So it was more of a year and a half of writing a lot of songs, and being really nitpicky.

 

My process is just yeah, sitting down. I wrote both on the piano and guitar and I’ll basically finish a song: chords, lyrics, pretty much, and then take it to Dailey, who’s my boyfriend and guitarist. We’ll make the demo and flesh out parts and have an idea. And then of course, some of those ideas changed a lot when Jack produced them.

 

In the first track, ‘Made of Glass,’ you talk about the downsides of being a sensitive person, which I can totally relate to. You sing “I’m so fragile it’s not even funny.” Can I ask what inspired this song?

 

This song is totally in the perspective of my 13-year-old self. I just kind of wanted to paint the picture of that angst and that first wave of feelings of insecurities. I really struggled with body dysmorphia: that was sort of when it first started with disordered thinking and eating. I would just stay in my room a lot and just really obsess over getting dressed and not being able to feel okay in my body and feel okay socializing. I still feel a lot of those things today, even though I’m past a lot of it and can mask better. I still will obsess over things not fitting. I just truly wrote that line to just help myself get over that. Because, logically, I know, it’s ridiculous. But that anxiety will really take over a lot, and I can become very obsessive.

You also end with the lyric “I’m made of glass/ And I’ll always be like that.” This finality, this personality trait you just know of yourself — do you think that makes being a sensitive person easier or harder?

 

I think easier. I was always kind of shamed because I’m different in my family — I always feel like my sister and my mom are tougher and I’ve always been called the sensitive one. I always felt so much shame about that, and that I needed to be change to be strong. Over the years, I’ve grown to accept that and love that about myself. I’d rather be extra sensitive and empathetic than rather not. I feel like it’s a strength. I do still feel like I’m fragile, but I’m also very strong.

 

Totally. I’m from a Jewish mother and an Italian father — growing up at family gatherings, all I’d hear is “You’re so quiet!”

 

My mom is Jewish as well, and the first time she met Dailey, she said, “Do you ever talk? Is he mute?” I love them so much, but there’s a lot of big personalities, and as the youngest, I shrunk down.

 

‘Physical’ was the first song I heard on the album, which made me really intrigued. Even though the instrumental is so upbeat, there’s this lyric that sticks out to me: “I guess the pills help/ But they really only make me feel less.” If it’s not too personal, would you mind explaining the meaning behind this lyric?

 

Absolutely. The whole song is really about my struggles with PMS, which goes hand in hand with anxiety, depression, and body issues. I wanted the lyrics to be broad enough so that people who don’t experience that can also relate, with generalized anxiety or something. I started taking anti-anxiety meds for PMS, and it really did help, but I just started feeling less. It didn’t fix everything, just brought everything down. Which can be good, and bad.

 

I also enjoyed it because I took it as a means of sticking up for yourself even when you feel awful, even when you don’t feel like a person. In all of the verses, you describe feeling flat, maybe not even physical, but in the chorus’ ending, you counter: “I’m not the one-dimensional girl of your mind/ I’m a literal woman moving through life.” What was the thought process behind this dichotomy?

 

Yeah, definitely. I wanted the verses to feel more insecure and the chorus to feel powerful, telling someone who doesn’t understand what you’re going through and can write it off. I feel like that happens a lot, with PMS, or periods, like, ‘Oh, you’re just on your period.’ But people don’t really understand that it’s so under researched. Women’s health in general, is just horrific. Nobody cares. And you’re going through so much mental illness during that time. It’s pretty intense. I wanted that line to tell someone off, like, ‘Don’t downplay what I’m going through.’ I have to remind myself of that all the time. Literally every month. I have to go through mental gymnastics of calming myself and saying, “This will pass.”

 

I read that ‘Tattoo’ is an ode to your late friend, and I think it’s a really beautiful song, especially the part where you say you got one of her tattoos in the same spot to remember her by. What does this song mean to you and what was the writing process like?

 

That song was the hardest song for me to write, ever. I’d never taken so long to write a song, and it went through a lot of different forms. I was like, ‘Maybe I’ll write a pop song.’ I wanted to write a song that maybe she would like. I really like where it landed, with the help of Jack’s production. I wanted it to be this ballad, but I did want weird elements. In the chorus, he added this strange ethereal guitar part. I love the ups and downs of it.

 

Basically, one of my best friends passed away in college. She was such an important person, and totally changed my life. I never wanted to write a song about her because it was too personal, but with this album, which is about my relationship to music and how I feel as an artist, she was the first person I played music with and really brought me out of my shell. She was so, so opposite. The only person I feel like I can compare her to is Sinead O’Connor: someone who is so bold and different. I truly feel like there was no one like her. She was so fun and extraverted and had this big orange curly hair, so beautiful. Everyone was drawn to her. I wanted to basically write a letter to her now, and wanted to talk about her and capture her essence and think about what she’d be like now. Part of me thinks she’d have a really hard time with it. She missed social media: that would have made her so anxious. She would have been blocked from everything. She Facebook messaged me a video of her talking out of her vagina. Yeah, she would have been banned on all platforms. That’s the line where it goes: “You wouldn’t believe it/ I think you would hate it.” Pandemic, everything that’s happened… She was so deeply sensitive, I think it would have been too much. That’s something that I tell myself, to make myself feel better, almost, that she would have hated it here and she’s in a better place. It’s definitely a special song to release, and why I wanted it to be a single too.

That’s so beautiful. So ‘Unconditional’ mourns a relationship where you inhabited the ‘giver’ role, and the other person was the “taker,” who was afraid of commitment. What was the turning point for you, of realizing, like, “Hang on. This isn’t benefiting me?”

 

Basically, I was thinking about how I felt being an indie artist in the music business. This feeling really started when the pandemic hit, feeling like I have no control over anything. That’s just how it is in this business — up and down, sometimes you feel good and sometimes you feel horrible. It’s sort of a confident perspective, like, “Hey, I’m great, why don’t you like me?” I just wanted to have fun with it and have some salty, cheeky lines.

 

Let’s talk about ‘Heartburn’, which I think is the most interestingly-produced track on the record. It has nods of city pop with these big, explosive horns. How did this song come to be?

 

Dailey and I were just kinda messing around — the demo is so different, it’s a synthy, much chiller 80s track. I made lyrics afterwards and Jack took it and was really city pop-inspired. It was something he’d always wanted to do, and he sent me a little taste, like, “Do you like this?” Every time he said that, I was like, ‘Go for it!’ It was the first time he completely wrote all these parts for horns and strings, and it was a really cool experience to watch him do that.

 

Even though you start with the incredible lyric, “First time in a while got no man on my mind/ I’d rather chase my dreams on a Saturday night,” on the chorus, you admit that “Heartburn season” always gets the best of you, and you find yourself yearning. What is “heartburn season” and why do you think it’s so powerful?

 

So the title’s a nod to Nora Ephron, her movie Heartburn. I associate her and her movies with fall, and to me, whenever it’s fall, I get so nostalgic. When it’s not fall, I get so focused, but when it turns, I get this yearning vibe.

 

I really enjoyed how ‘Beauty Rest’ has this analysis of capitalism and how we’re forced to segment our lives in order to even live. You sing, “Too many people out here, I guess / Realizing their dreams on a daily basis.” Where did the inspiration for this song come from?

 

I believe this was the first song I wrote for the album, which kind of formed it. It was right when I was putting out my last record, Romantic Images, and the summer of 2021. Summer is my least favorite season, and I hate being hot. It was still pandemic-times, and we couldn’t tour. I think there was this misconception that, “Okay, 2020 bad, 2021 good! Normal!” I feel like we were all confident, putting out an album, and then it was like every single person on earth put out an album. I was feeling so overstimulated, so depressed, not being able to tour. I was basically dealing with all of the things I don’t like about putting out an album: thinking about how it’s doing, what’s the press like, etc. I get very seasonally depressed in the summer and happy in the fall and winter. I was thinking about capitalism commodifying your art. It just felt like everyone was working so hard. I felt like, “I wish we could all just chill out and not worry so much.”

 

What are you most excited about when touring this album?

 

It’s always fun to play new songs live, and we’re doing all the new songs, except ‘Heartburn’, because it was too tricky to figure out with all the horns. It’s just fun to see the fans. I love the structure of tour. We brought our dog, which is so fun, and kind of crazy, but it’s been nice. He loves the van, and he takes the tour well, which is good for mental health. I’m hoping to tour Europe and the UK next year, that’s something we haven’t been able to do since the pandemic.

 

This interview has been edited and condensed for clarity and length.

 

 

Molly Burch’s Daydreamer is out now via Captured Tracks.

The post Artist Spotlight: Molly Burch appeared first on Our Culture.

 

 

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As China-linked Bitcoin mines open across the US, officials raise national security concerns, like about a Wyoming mine that is close to a nuclear missile base

—  Microsoft reported one site in Wyoming because of its proximity to a data center and nuclear missile base. Records show other cryptocurrency facilities have ties to the Chinese state.

 

 

New York Times:

 

 

When a company with Chinese origins broke ground last year on a crypto-mining operation in Cheyenne, Wyo., a team at Microsoft that assesses national security threats sounded the alarm.

 

Not only was the site next door to a Microsoft data center that supported the Pentagon — it was about a mile away from an Air Force base that controlled nuclear-armed intercontinental ballistic missiles.

 

The location could allow the Chinese to “pursue full-spectrum intelligence collection operations,” the Microsoft team wrote in an August 2022 report to the Committee on Foreign Investment in the United States, a federal body that monitors threats posed by overseas investors.

 

Microsoft’s warning did not go unheeded. Speaking on the condition of anonymity, U.S. government officials told The New York Times last week that they had been tracking the Wyoming operation for months. One official said that measures had been taken to mitigate potential intelligence collection but declined to elaborate. In addition, the mining company said it responded to queries from the federal investment committee.

 

The national security concerns about the Wyoming site, previously unreported, reflect a broader unease about a recent surge in Chinese Bitcoin mines across the country.

 

Aside from intelligence-gathering worries, the mines, which are large warehouses or containers packed with specialized computers, put immense pressure on power grids. The computers typically run around the clock while “mining” for the digital coins, the most popular among the various cryptocurrencies.

 

Brian Harrell, a former assistant secretary for infrastructure protection at the Department of Homeland Security during the Trump administration, said the operations could place “enormous stress” on the grid if the mines worked in concert to wreak havoc.

 

Possibilities include targeted blackouts and cyberattacks.

 

If Chinese “infrastructure impacts key energy systems,” Mr. Harrell said, “it should immediately draw additional investigation and scrutiny.”

 

In at least 12 states, including Arkansas, Ohio, Oklahoma, Tennessee, Texas and Wyoming, The Times identified Chinese-owned or -operated Bitcoin mines that together use as much energy as 1.5 million homes. At full capacity, the Cheyenne, Wyo., mine alone would require enough electricity to power 55,000 houses.

 

Many of the mines are equipped with computers made by Bitmain, a Chinese company that has no apparent direct connection to the Chinese authorities but, according to import records, has sent some shipments to the United States through a subsidiary located at a Communist Party site in southern China.

 

Since Bitcoin mining was banned in China in May 2021 over concerns about energy usage and economic destabilization, Bitmain has shipped 15 times more equipment to the United States than it did in the previous five years combined, the records show. A recent presentation by the company claimed it controlled 90 percent of the global market for the equipment, which is specially designed for Bitcoin mining.

 

Some of the U.S. mining operations appear to be straightforward efforts by wealthy Chinese nationals to make money outside the purview of Chinese authorities. For others the ownership is opaque, while several can be traced to the Chinese government.

 

Court documents show the mine in Cheyenne is linked to five companies, all using the same office on Park Avenue in Manhattan. One of them is registered in the Cayman Islands and until last year was a Chinese pork-processing company. The Times did not find any links between the owners of the Cheyenne mine and the Chinese government or Communist Party.

 

“Microsoft has no direct indications of malicious activities by this entity,” Microsoft said in its 16-page report. “However, pending further discovery, we suggest the possibility that the computing power of an industrial-level cryptomining operation, along with the presence of an unidentified number of Chinese nationals in direct proximity to Microsoft’s Data Center and one of three strategic-missile bases in the U.S., provides significant threat vectors.”

 

The new risks come amid a steep rise in Bitcoin mining in the United States. Earlier this year, a Times investigation found that operations were consuming about 4,000 megawatts — enough to power over three million U.S. households — and that more megawatts were continuously coming online.

 

The operations’ vast energy consumption, combined with their ability to turn on or off almost instantly, is unique among large power users. The combination allows many to participate in programs that pay them to shut down when a grid is under strain.

 

That flexibility can help keep the lights on, but it can also disrupt the delicate balance grids require. In Texas, the state grid operator recently disclosed that some mines’ unpredictable behavior could result in “emergency conditions.”

 

 

Read more at this link:

As China-linked Bitcoin mines open across the US, officials raise national security concerns, like about a Wyoming mine that is close to a nuclear missile base

 

 

Techmeme