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More than 100 scientists sign agreement to prevent their AI-aided research that designs new proteins from enhancing the development of  bioweapons 

—  An agreement by more than 90 said, however, that artificial intelligence’s benefit to the field of biology would exceed any potential harm.

 

 

Cade Metz / New York Times:

 

 

Dario Amodei, chief executive of the high-profile A.I. start-up Anthropic, told Congress last year that new A.I. technology could soon help unskilled but malevolent people create large-scale biological attacks, such as the release of viruses or toxic substances that cause widespread disease and death.

 

— Researchers are trying to tamp down fears of A.I.-created bioweapons. Credit: Kenny Holston/The New York Times

Senators from both parties were alarmed, while A.I. researchers in industry and academia debated how serious the threat might be.

 

Now, over 90 biologists and other scientists who specialize in A.I. technologies used to design new proteins — the microscopic mechanisms that drive all creations in biology — have signed an agreement that seeks to ensure that their A.I.-aided research will move forward without exposing the world to serious harm.

 

The biologists, who include the Nobel laureate Frances Arnold and represent labs in the United States and other countries, also argued that the latest technologies would have far more benefits than negatives, including new vaccines and medicines.

 

“As scientists engaged in this work, we believe the benefits of current A.I. technologies for protein design far outweigh the potential for harm, and we would like to ensure our research remains beneficial for all going forward,” the agreement reads.

 

The agreement does not seek to suppress the development or distribution of A.I. technologies. Instead, the biologists aim to regulate the use of equipment needed to manufacture new genetic material.

 

This DNA manufacturing equipment is ultimately what allows for the development of bioweapons, said David Baker, the director of the Institute for Protein Design at the University of Washington, who helped shepherd the agreement.

 

“Protein design is just the first step in making synthetic proteins,” he said in an interview. “You then have to actually synthesize DNA and move the design from the computer into the real world — and that is the appropriate place to regulate.”

— David Baker of the University of Washington said regulation should focus on the physical tools that would be needed to create a bioweapon. Credit: Evan McGlinn for The New York Times

 

The agreement is one of many efforts to weigh the risks of A.I. against the possible benefits. As some experts warn that A.I. technologies can help spread disinformation, replace jobs at an unusual rate and perhaps even destroy humanity, tech companies, academic labs, regulators and lawmakers are struggling to understand these risks and find ways of addressing them.

 

Dr. Amodei’s company, Anthropic, builds large language models, or L.L.M.s, the new kind of technology that drives online chatbots. When he testified before Congress, he argued that the technology could soon help attackers build new bioweapons.

But he acknowledged that this was not possible today. Anthropic had recently conducted a detailed study showing that if someone were trying to acquire or design biological weapons, L.L.M.s were marginally more useful than an ordinary internet search engine.

 

Dr. Amodei and others worry that as companies improve L.L.M.s and combine them with other technologies, a serious threat will arise. He told Congress that this was only two to three years away.

 

 

 

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— Techmeme

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Google rolls out updates to its Search ranking to counter the spread of AI content in results, which includes down-ranking content that summarizes others’ work

There are always new ways to try to game Google with crappy content — and now the company is fighting back against the worst of it

 

David Pierce / The Verge:

 

 

—  Google is rolling out a few new changes to its ranking systems in search, which are designed to help surface good content in your results and hide some of the worst and most cynical stuff on the web.

 

The company says that it is doing a better job of downranking content that exists only to summarize other content — which can sometimes be normal SEO stuff but is also increasingly a job for generative AI tools— and in combatting some of the tricks people use to trick its ranking systems.

 

There are always people trying to manipulate their way to the top of Google results. That’s just a fact of the web and a fact of life for Google’s search teams. Google is always making changes to its ranking algorithms, too, in an effort to improve search results. We never hear about most of those changes.

 

“You only see the ones that sort of slipped by the controls, as it were,” says Pandu Nayak, a VP of search at Google. “Unfortunately, these are not things you can just wave a magic wand and get rid of.”

 

For Google to announce the changes it’s making signals two things. First, that these are big changes that could meaningfully change your search experience — Nayak says that Google’s measurements show a reduction in “unhelpful content” by up to 40 percent. And second, that Google is sending a message to the web: your spammy, sketchy behavior ends now.

 

       — Google is sending a message to the web: your spammy, sketchy behavior ends now

 

Nayak lays out three examples of what Google now considers spammy behavior and intends to downrank. The first is content at scale: the sites that create thousands of low-quality articles a day, either through low-paid contractors or AI generators, and target that content at search results. Nayak points to obituary spam — which The Verge’s Mia Sato recently wrote about — as an example of a problem to be solved here.

 

The second spammy behavior is what Nayak calls “site reputation abuse.” This is when an otherwise respectable website rents out part of its site for spammy nonsense; I won’t name and shame anyone here, but you’ve surely seen the sites that make you wonder why they have coupons or why there’s a whole part of the site that seems irrelevant and AI-generated. The third is “expired domain abuse,” which is when someone buys an abandoned but high-ranking domain and fills it with crummy content that then jumps to the top of search. The current state of The Hairpin is one example of how this can happen, which Wired has covered well in recent weeks.

 

For those engaging in site reputation abuse, Nayak says Google is giving the sites 60 days to cut it out before it makes the ranking changes. The others go into effect now. Google has a spam problem, it knows it, and it’s trying to shut it down. “The healthy, high-quality ecosystem is exactly the one that gets affected when spammers and low-quality purveyors of information get control of ranking,” Nayak says.

 

The job is not done, of course. The reckoning over AI-generated content — what it means, who wants it, how it should rank — is only just beginning and will cause Google plenty of internal headaches as it both tries to bring AI to everyone and tries to save the web from being overrun by it. (Even Google’s own search engine is increasingly an AI machine.) And there will always be new, sneakier ways to game your way to the top of search results. This is a headache of Google’s own making: most of the chum on the web exists entirely to game Google, and so Google will always be one step behind.

 

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— Techmeme

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Barnes & Noble Education announces fiscal year 2024 3rd quarter earnings release date and conference call webcast

BASKING RIDGE, N.J. — (BUSINESS WIRE) — Barnes & Noble Education, Inc. (NYSE: BNED), a leading solutions provider for the education industry, on Friday announced that the Company expects to report fiscal year 2024 third quarter earnings results on Thursday, March 7, 2024, after market close.

 

The Company will host an investor conference call at 4:30 p.m. ET on Thursday, March 7, 2024, to review the Company’s financial results and operations.

 

This call is being webcast and can be accessed at Barnes & Noble Education’s corporate website at www.bned.com. The webcast of this call will be archived and available for three months on Barnes & Noble Education’s corporate website.

 

About Barnes & Noble Education, Inc.

Barnes & Noble Education, Inc. (NYSE: BNED) is a leading solutions provider for the education industry, driving affordability, access and achievement at hundreds of academic institutions nationwide and ensuring millions of students are equipped for success in the classroom and beyond. Through its family of brands, BNED offers campus retail services and academic solutions, a digital direct-to-student learning ecosystem, unparalleled best-in-class assortment of school apparel through a strategic alliance with Fanatics and Lids, wholesale capabilities and more. BNED is a company serving all who work to elevate their lives through education, supporting students, faculty and institutions as they make tomorrow a better, more inclusive and smarter world. For more information, visit www.bned.com.

 

Forward-Looking Statements

This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and information relating to us and our business that are based on the beliefs of our management as well as assumptions made by and information currently available to our management. When used in this communication, the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “will,” “forecasts,” “projections,” and similar expressions, as they relate to us or our management, identify forward-looking statements. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Such statements reflect our current views with respect to future events, the outcome of which is subject to certain risks, including, among others: the amount of our indebtedness and ability to comply with covenants applicable to current and /or any future debt financing; our ability to satisfy future capital and liquidity requirements; our ability to access the credit and capital markets at the times and in the amounts needed and on acceptable terms; our ability to maintain adequate liquidity levels to support ongoing inventory purchases and related vendor payments in a timely manner; our ability to attract and retain employees; the pace of equitable access adoption in the marketplace is slower than anticipated and our ability to successfully convert the majority of our institutions to our BNC First Day® equitable and inclusive access course material models or successfully compete with third parties that provide similar equitable and inclusive access solutions; the United States Department of Education has recently proposed regulatory changes that, if adopted as proposed, could impact equitable and inclusive access models across the higher education industry; the strategic objectives, successful integration, anticipated synergies, and/or other expected potential benefits of various strategic and restructuring initiatives, may not be fully realized or may take longer than expected; dependency on strategic partnerships, such as with VitalSource Technologies, Inc. and the Fanatics Retail Group Fulfillment, LLC, Inc. (“Fanatics”) and Fanatics Lids College, Inc. D/B/A “Lids” (“Lids”) (collectively referred to herein as the “F/L Relationship”), and the potential for adverse operational and financial changes to these partnerships, may adversely impact our business; non-renewal of managed bookstore, physical and/or online store contracts and higher-than-anticipated store closings; decisions by colleges and universities to outsource their physical and/or online bookstore operations or change the operation of their bookstores; general competitive conditions, including actions our competitors and content providers may take to grow their businesses; the risk of changes in price or in formats of course materials by publishers, which could negatively impact revenues and margin; changes to purchase or rental terms, payment terms, return policies, the discount or margin on products or other terms with our suppliers; product shortages, including decreases in the used textbook inventory supply associated with the implementation of publishers’ digital offerings and direct to student textbook consignment rental programs; work stoppages or increases in labor costs; possible increases in shipping rates or interruptions in shipping services; a decline in college enrollment or decreased funding available for students; decreased consumer demand for our products, low growth or declining sales; the general economic environment and consumer spending patterns; trends and challenges to our business and in the locations in which we have stores; risks associated with operation or performance of MBS Textbook Exchange, LLC’s point-of-sales systems that are sold to college bookstore customers; technological changes, including the adoption of artificial intelligence technologies for educational content; risks associated with counterfeit and piracy of digital and print materials; risks associated with data privacy, information security and intellectual property; disruptions to our information technology systems, infrastructure, data, supplier systems, and customer ordering and payment systems due to computer malware, viruses, hacking and phishing attacks, resulting in harm to our business and results of operations; disruption of or interference with third party web service providers and our own proprietary technology; risks associated with the impact that public health crises, epidemics, and pandemics, such as the COVID-19 pandemic, have on the overall demand for BNED products and services, our operations, the operations of our suppliers and other business partners, and the effectiveness of our response to these risks; lingering impacts that public health crises may have on the ability of our suppliers to manufacture or source products, particularly from outside of the United States; changes in domestic and international laws or regulations, including U.S. tax reform, changes in tax rates, laws and regulations, as well as related guidance; enactment of laws or changes in enforcement practices which may restrict or prohibit our use of texts, emails, interest based online advertising, or similar marketing and sales activities; adverse results from litigation, governmental investigations, tax-related proceedings, or audits; changes in accounting standards; and the other risks and uncertainties detailed in the section titled “Risk Factors” in Part I – Item 1A in our Form 10-K for the year-ended April 29, 2023. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results or outcomes may vary materially from those described as anticipated, believed, estimated, expected, intended or planned. Subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements in this paragraph. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this press release.

Contacts

Investor Contact:
Hunter Blankenbaker

Vice President

Corporate Communications and Investor Relations

Barnes & Noble Education, Inc.

(908) 991-2776

hblankenbaker@bned.com

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inTEST delays fourth quarter and full year 2023 earnings release and investor conference call; provides preliminary fourth quarter results and 2024 guidance

MT. LAUREL, N.J. — (BUSINESS WIRE) — inTEST Corporation (NYSE American: INTT), a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets which include automotive/EV, defense/aerospace, industrial, life sciences, security, and semiconductor (“semi”), announced on Friday that it will reschedule its fourth quarter and full year 2023 earnings release and investor conference call, which was previously scheduled for March 1, 2024.

 

The Company requires additional time to complete the year-end audit and review process. The Company expects to report its results coincident with, or prior to, the filing of its Annual Report on Form 10-K for the year ended Dec. 31, 2023.

 

Preliminary, Unaudited Fourth Quarter 2023 Results

Fourth quarter 2023 revenue was approximately $28.4 million with net earnings of approximately $1.7 million, or $0.14 per diluted share. Cash generated from operations in the fourth quarter was $4.7 million. Orders in the fourth quarter were $27.5 million.

 

First Quarter and Full Year 2024 Guidance

Revenue for the first quarter of 2024 is expected to be in the range of $28 million to $30 million with gross margin of approximately 46%. First quarter 2024 earnings per diluted share is expected to be in the range of $0.08 to $0.13.

 

Revenue for full year 2024 is expected to be in the range of $125 million to $130 million.

 

The foregoing guidance is based on management’s current views with respect to operating and market conditions and customers’ forecasts. It also assumes macroeconomic conditions remain unchanged through the end of the year and does not consider any extraordinary non-operating expenses that may occur from time to time. Actual results may differ materially from what is provided here today because of, among other things, the factors described under “Forward-Looking Statements” below.

 

About inTEST Corporation

inTEST Corporation is a global supplier of innovative test and process technology solutions for use in manufacturing and testing in key target markets including automotive/EV, defense/aerospace, industrial, life sciences, and security, as well as both the front-end and back-end of the semiconductor manufacturing industry. Backed by decades of engineering expertise and a culture of operational excellence, inTEST solves difficult thermal, mechanical, and electronic challenges for customers worldwide while generating strong cash flow and profits. inTEST’s strategy leverages these strengths to grow organically and with acquisitions through the addition of innovative technologies, deeper and broader geographic reach, and market expansion. For more information, visit intest.com.

 

Key Performance Indicators

Management uses orders as a key performance metric to analyze and measure the Company’s financial performance and results of operations. Management uses orders as a measure of current and future business and financial performance, and these may not be comparable with measures provided by other companies. Orders represent written communications received from customers requesting the Company to provide products and/or services. Management believes tracking orders is useful as it often is a leading indicator of future performance. In accordance with industry practice, contracts may include provisions for cancellation, termination, or suspension at the discretion of the customer.

 

Given that orders is an operational measure and that the Company’s methodology for calculating orders does not meet the definition of a non-GAAP measure, as that term is defined by the U.S. Securities and Exchange Commission, a quantitative reconciliation for it is not required or provided.

 

Preliminary, Unaudited Financial Disclosures

The data presented above is preliminary and unaudited, based upon our estimates, and subject to further internal review by management and compilation of actual results. Our closing procedures for the year and quarter ended December 31, 2023 are not yet complete. Our management’s estimates are based upon preliminary information currently available from our business segments and extrapolation from that information. While we expect that our results will be consistent with these preliminary and unaudited estimates, our actual results may differ materially from these preliminary estimates.

 

This preliminary financial information is not a comprehensive statement of our financial results for this period, and our actual results may differ materially from these estimates due to the completion of our financial closing procedures, final adjustments, and other developments that may arise between now and the time the closing procedures for the fiscal year and quarter are completed.

 

All the data presented above has been prepared by and is the responsibility of our management. Our independent registered public accounting firm has not completed its audit procedures with respect to our accompanying preliminary financial data. Accordingly, our independent registered public accounting firm does not express an opinion or any other form of assurance with respect to this data.

 

Forward-Looking Statements

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements do not convey historical information but relate to predicted or potential future events and financial results, such as statements of the Company’s plans, strategies and intentions, or our future performance or goals, that are based upon management’s current expectations. These forward-looking statements can often be identified by the use of forward-looking terminology such as “assume,” “believe,” “estimate,’ “expects,” “may,” “will,” “plan,” “potential,” “forecasts,” or similar terminology. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to, any mentioned in this press release as well as the Company’s ability to execute on its 5-Point Strategy, achieve high single-digit growth in 2023, realize the potential benefits of acquisitions and successfully integrate any acquired operations, grow the Company’s presence in its key target and international markets, manage supply chain challenges, convert backlog to sales and to ship product in a timely manner; the success of the Company’s strategy to diversify its markets; the impact of inflation on the Company’s business and financial condition; indications of a change in the market cycles in the semi market or other markets served; changes in business conditions and general economic conditions both domestically and globally including rising interest rates and fluctuation in foreign currency exchange rates; changes in the demand for semiconductors; access to capital and the ability to borrow funds or raise capital to finance potential acquisitions or for working capital; changes in the rates and timing of capital expenditures by the Company’s customers; and other risk factors set forth from time to time in the Company’s Securities and Exchange Commission filings, including, but not limited to, the Annual Report on Form 10-K for the year ended December 31, 2022. Any forward-looking statement made by the Company in this press release is based only on information currently available to management and speaks to circumstances only as of the date on which it is made. The Company undertakes no obligation to update the information in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events, except as required by law.

Contacts

inTEST Corporation
Duncan Gilmour

Chief Financial Officer and Treasurer

Tel: (856) 505-8999

Investors:
Deborah K. Pawlowski

Kei Advisors LLC

dpawlowski@keiadvisors.com
Tel: (716) 843-3908

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Phibro Animal Health Corporation to participate in Barclays Global Healthcare Conference

TEANECK, N.J. — (BUSINESS WIRE) — Phibro Animal Health Corporation (Nasdaq: PAHC) announced today it will participate in the Barclays Global Healthcare Conference.

Chief Financial Officer, Glenn David along with Chief Operating Officer, Larry Miller will address financial analysts and investors on Tuesday, March 12, 2024, at 4:35 p.m. ET at the Loews Miami Beach Hotel.

 

The live audio presentation will be available on the Phibro Animal Health Corporation Investor Relations Website at https://investors.pahc.com. A replay of the session will be available and archived on the company’s website.

 

About Phibro Animal Health Corporation

Phibro Animal Health Corporation is a leading global diversified animal health and mineral nutrition company. We strive to be a trusted partner with livestock producers, farmers, veterinarians, and consumers who raise or care for farm and companion animals by providing solutions to help them maintain and enhance the health of their animals. For further information, please visit www.pahc.com.

 

Our filings with the Securities and Exchange Commission are available online at www.sec.gov, www.pahc.com or on request from the company.

 

Contacts

Glenn David

Chief Financial Officer, Phibro Animal Health Corporation

+1-201-329-7300

investor.relations@pahc.com

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India’s Yash Raj Films launches Casting app for acting aspirants worldwide

Bollywood aspirants the world over wanting to feature alongside top Indian stars can now cut out the middleman. Leading Indian studio Yash Raj Films (YRF), the outfit behind Shah Rukh Khan, Deepika Padukone starrer “Pathaan,” and “Tiger 3,” led by Salman Khan and Katrina Kaif, has launched its YRF Casting app.

 

— YRF Casting/Everett Collection

Acting aspirants from across the world can get information about casting calls and submit their auditions via the app.

 

The YRF Casting app, which is live now, will enable actors to register their profile details within the app. Registered users will get information about all the upcoming auditions related to theatrical films and streaming projects that the studio will greenlight.

 

The app is designed as an online destination for actors to submit their auditions for these projects directly to YRF. The studio will not charge a fee for applications.

 

The company believes that the app will tackle the issues caused by fake YRF casting accounts that mislead people about auditions and are a threat to its market reputation.

 

YRF casting director Shanoo Sharma, who is in charge of selecting and training people to be launched as leads in YRF projects, as well as finalizing actors for other primary or secondary roles, will personally monitor all auditions coming via the app. Sharma has cast some of YRF’s biggest hits such as “Ek Tha Tiger,” “Gunday,” “Sultan,” “Tiger 3,” “Pathaan,” “War,” “Hichki,” “Dum Laga Ke Haisha,” “Mardaani,” “Jab Tak Hai Jaan” and “Ishaqzaade.”

 

Sharma said: “The YRF Casting app is a progressive step towards making aspiring actors reach out directly to YRF for projects that the company is making. We are certain that there are countless brilliant actors throughout the world waiting to be discovered. This could be their chance of a lifetime. For the first time, an aspiring actor can reach out to a production house directly. This is a safe space. They don’t have to rely on anyone else for their shot at achieving their dreams.”

 

“This step shatters all barriers and as a casting director for YRF, I’m most excited to get in touch with many incredible talents living not only in India, but also worldwide. I hope people who dream to be an actor follow this path and make the most of this incredible opportunity that empowers them to follow their heart,” Sharma added.

 

 

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— Variety (EXCLUSIVE) 

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With booming AI growth, data centers struggle to meet self-imposed sustainability goals due to electricity increases, which strain power grids

—  Artificial intelligence’s booming growth is radically reshaping an already red-hot data center market, raising questions about whether these sites can be operated sustainably

 

 

Patrick Sisson / New York Times:

 

 

West Texas, from the oil rigs of the Permian Basin to the wind turbines twirling above the High Plains, has long been a magnet for companies seeking fortunes in energy.

 

The carbon footprint from the construction of data centers and the racks of expensive computer equipment is substantial, and the sites’ power needs have grown considerably. Credit: Jim Wilson/The New York Times

Now, those arid ranch lands are offering a new moneymaking opportunity: data centers.

 

Lancium, an energy and data center management firm setting up shop in Fort Stockton and Abilene, is one of many companies around the country betting that building data centers close to generating sites will allow them to tap into underused clean power.

 

“It’s a land grab,” said Lancium’s president, Ali Fenn.

 

In the past, companies built data centers close to internet users, to better meet consumer requests, like streaming a show on Netflix or playing a video game hosted in the cloud. But the growth of artificial intelligence requires huge data centers to train the evolving large-language models, making proximity to users less necessary.

 

But as more of these sites start to pop up across the United States, there are new questions on whether they can meet the demand while still operating sustainably. The carbon footprint from the construction of the centers and the racks of expensive computer equipment is substantial in itself, and their power needs have grown considerably.

 

Just a decade ago, data centers drew 10 megawatts of power, but 100 megawatts is common today. The Uptime Institute, an industry advisory group, has identified 10 supersize cloud computing campuses across North America with an average size of 621 megawatts.

 

This growth in electricity demand comes as manufacturing in the United States is the highest in the past half-century, and the power grid is becoming increasingly strained.

 

The Uptime Institute predicted in a recent report that the sector’s myriad net-zero goals, which are self-imposed benchmarks, would become much harder to meet in the face of this demand and that backtracking could become common.

 

“This is not just about data centers,” said Mark Dyson, a managing director at RMI, a nonprofit organization focused on sustainability. “Data centers are a practice round for a much bigger wave of load growth that we are already seeing and are going to continue seeing in this country coming from electrification of industry, vehicles and buildings.”

 

The data center industry has embraced more sustainable solutions in recent years, becoming a significant investor in renewable power at the corporate level. Sites that leased wind and solar capacity jumped 50 percent year over year as of early 2023, to more than 40 gigawatts, capacity that continues to grow. Still, demand outpaces those investments. And the need for more processing power is backing up the interconnection queue and creating stopgap solutions.

 

Equinix’s data center in San Jose, Calif. The company operates 260 data centers across the globe. Credit: Jim Wilson/The New York Times

Power-hungry data centers in full force further complicate the balance. Data centers in the construction pipeline would, when complete, use as much power annually as the San Francisco metro area, according to a report released on Wednesday by the real estate services company JLL. Most sites coming online this year are already leased; in popular markets, significant space will not open up for at least two years.

“You have to get as many gigawatts live as you possibly can, as fast as you can,” Ms. Fenn of Lancium said. “People are going to cobble that together in whatever way they can.”

 

That has quickly expanded development beyond the established first- and second-tier markets, such as Northern Virginia, Dallas and Silicon Valley.

 

Competition is growing in parts of the country offering cheap land and available power. Amazon, for instance, announced last month that it was planning a $10 billion project in Mississippi, the state’s largest economic development project, which includes data centers and solar generating sites.

 

“Anybody who has any significant source of power has now become a new data center market,” said Jim Kerrigan, managing principal of North American Data Centers, an industry consultancy.

 

A.I. is only a small percentage of the global data center footprint. The Uptime Institute predicts A.I. will skyrocket to 10 percent of the sector’s global power use by 2025, from 2 percent today.

 

“They have been building at a breakneck pace with so many other kinds of drivers for demand,” said Andy Lawrence, executive director of research at the institute. “A.I.’s kind of the froth on top.”

 

Last year, construction of data centers was up 25 percent, according to the real estate firm CBRE. And Nvidia, which supplies most of the high-tech chips powering this technology, last week reported record profit in data center sales, with 2023 revenue hitting $47.5 billion, a 217 percent jump from the year before.

 

The nation’s energy grids cannot handle that kind of demand, said Christopher Wellise, vice president of sustainability at Equinix, a global data center operator. “Technology is moving faster than our infrastructure has evolved,” he said.

 

On top of that, the transition toward electrification and renewable power has created new challenges. Orders for the large transformers needed to deliver power have a three-year backlog, and even the diesel generators that provide backup power can take nearly two years to arrive.

 

Developers are focusing on squeezing additional efficiency out of their operations. Meta has teamed up with a Texas battery storage provider to better use the state’s wind and solar resources. Google signed a deal with Fervo, a company developing utility-scale geothermal resources.

 

 

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— Techmeme

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Universal Display Corporation announces participation at upcoming conferences

EWING, N.J. — (BUSINESS WIRE) — $OLED #OLEDUniversal Display Corporation (Nasdaq: OLED) (UDC), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, on Wednesday announced its participation in the following industry conferences.

Industry Conferences:

LOPEC 2024

Date: March 5, 2024

Location: Munich, Germany

Presenter: Dr. Mike Hack, Vice President of Business Development

Presentation: UDC’s Groundbreaking Advances for the OLED Industry

2024 OLED Korea Conference

Date: March 28, 2024

Location: Seoul, Korea

Presenter: Dr. Mike Hack, Vice President of Business Development

Presentation: UDC’s Phosphorescent OLED Innovation Roadmap

International Conference on Display Technology (ICDT) 2024

Date: March 31-April 3, 2024

Location: Hefei, China

Plenary Presenter: Dr. Julie Brown, Executive Vice President and Chief Technical Officer

Plenary Presentation Title: Next Frontiers in OLED Technology

Presenter: Dr. Zhaoqun Zhou, Principal Technologist

Presentation Title: Surface Plasmonic Coupled PHOLED Device Performance: Improving Efficiency, Stability and Angle Dependence

 

About Universal Display Corporation

Universal Display Corporation (Nasdaq: OLED) is a leader in the research, development and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. Founded in 1994 and with subsidiaries and offices around the world, the Company currently owns, exclusively licenses or has the sole right to sublicense more than 6,000 patents issued and pending worldwide. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED® phosphorescent OLED technology that can enable the development of energy-efficient and eco-friendly displays and solid-state lighting. The Company also develops and offers high-quality, state-of-the-art UniversalPHOLED materials that are recognized as key ingredients in the fabrication of OLEDs with peak performance. In addition, Universal Display delivers innovative and customized solutions to its clients and partners through technology transfer, collaborative technology development and on-site training. To learn more about Universal Display Corporation, please visit https://oled.com/.

 

Universal Display Corporation and the Universal Display Corporation logo are trademarks or registered trademarks of Universal Display Corporation. All other Company, brand or product names may be trademarks or registered trademarks.

 

All statements in this document that are not historical, such as those relating to the projected adoption, development and advancement of the Company’s technologies, and the Company’s expected results and future declaration of dividends, as well as the growth of the OLED market and the Company’s opportunities in that market, are forward-looking financial statements within the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this document, as they reflect Universal Display Corporation’s current views with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated. These risks and uncertainties are discussed in greater detail in Universal Display Corporation’s periodic reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, including, in particular, the section entitled “Risk Factors” in Universal Display Corporation’s Annual Report on Form 10-K for the year ended December 31, 2023. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.

 

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Universal Display:

Darice Liu

investor@oled.com
media@oled.com
+1 609-964-5123

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Mittul Mehta, head of Tevogen’s Artificial Intelligence Initiative, Tevogen.ai, emphasizes importance of proactive talent development for biopharmaceutical sector to allow rapid adoption of AI

WARREN, N.J. — (BUSINESS WIRE) — Tevogen Bio Holdings – Tevogen (Nasdaq: TVGN) Chief Information Officer and Head of company’s Artificial Intelligence Initiative, Tevogen.ai, Mittul Mehta, has taken strides to emphasize the importance of proactive talent development for biopharmaceutical sector to allow rapid adoption of artificial intelligence (AI).

 

In his recent seminar at the Yale School of Public Health, “Artificial Intelligence Opportunities in Healthcare,” he underscored the potential of AI in medical innovation and the criticality of talent development.

 

“AI represents a unique opportunity to help reduce healthcare costs through many possibilities, including speeding up drug development and aiding in clinical trial design,” said Mr. Mehta. “Experimentation in AI is no longer an option, but a requirement and it is vital that we reach out to academic institutions to develop a talent pipeline for this emerging field.”

 

Dr. Shuangge (Steven) Ma, Chair of Biostatistics at Yale School of Public Health, said, “Tevogen’s prioritization of developing current students demonstrates their commitment to providing significant pathways for graduates in their future employment endeavors. Companies that emphasize talent development clearly and strategically focus on their talent acquisition efforts.”

 

Tevogen recently announced the establishment of Tevogen.ai to bring together a dedicated team of research scientists, physicians, data scientists, and AI engineers committed to the ethical development and commercialization of AI-driven and AI-enhanced tools designed to streamline processes and improve health outcomes. On December 19th, 2023, Tevogen Bio announced the filing of two provisional patent applications with the U.S. Patent and Trademark Office, (1) AI algorithms designed to predict immunologically active HLA+ peptide complexes, and (2) AI algorithms aimed at predicting T cell receptor (TCR) engagement with specific HLA+ peptide complexes.

 

About Tevogen Bio

Tevogen Bio is a clinical-stage specialty immunotherapy company harnessing one of nature’s most powerful immunological weapons, CD8+ cytotoxic T lymphocytes, to develop off-the-shelf, genetically unmodified precision T cell therapies for the treatment of infectious diseases, cancers, and neurological disorders, aiming to address the significant unmet needs of large patient populations. Tevogen Leadership believes that sustainability and commercial success in the current era of healthcare rely on ensuring patient accessibility through advanced science and innovative business models. Tevogen has reported positive safety data from its proof-of-concept clinical trial, and its key intellectual property assets are wholly owned by the company, not subject to any third-party licensing agreements. These assets include three granted patents and twelve pending patents, two of which are related to artificial intelligence.

 

Tevogen Bio is driven by a team of highly experienced industry leaders and distinguished scientists with drug development and global product launch experience. Tevogen Bio’s leadership believes that accessible personalized therapeutics are the next frontier of medicine, and that disruptive business models are required to sustain medical innovation.

 

Forward-Looking Statements

This press release contains certain statements that are not historical facts and are forward-looking statements within the meaning of the federal securities laws, including statements with respect to the product candidates, products, markets, and expected future performance and market opportunities of Tevogen Bio. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “think,” “strategy,” “future,” “opportunity,” “potential,” “plan,” “seeks,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties.

 

These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication, including but not limited to: (i) the effect of the recent business combination with Semper Paratus Acquisition Corporation (the “Business Combination”) on Tevogen’s business relationships, operating results, and business generally; (ii) the outcome of any legal proceedings that may be instituted against Tevogen related to the Business Combination; (iii) changes in the markets in which Tevogen competes, including with respect to its competitive landscape, technology evolution, or regulatory changes; (iv) changes in domestic and global general economic conditions; (v) the risk that Tevogen may not be able to execute its growth strategies or may experience difficulties in managing its growth and expanding operations; (vi) the risk that Tevogen may not be able to develop and maintain effective internal controls; (vii) costs related to the Business Combination and the failure to realize anticipated benefits of the Business Combination; (viii) the failure to recognize the anticipated benefits of the Business Combination and to achieve Tevogen’s commercialization and development plans, and identify and realize additional opportunities, which may be affected by, among other things, competition, the ability of Tevogen to grow and manage growth economically and hire and retain key employees; (ix) the risk that Tevogen may fail to keep pace with rapid technological developments to provide new and innovative products and services or make substantial investments in unsuccessful new products and services; (x) the ability to develop, license or acquire new therapeutics; (xi) that Tevogen will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; (xii) the risk of product liability or regulatory lawsuits or proceedings relating to Tevogen’s business; (xiii) uncertainties inherent in the execution, cost, and completion of preclinical studies and clinical trials; risks related to regulatory review, and approval and commercial development; (xiv) risks associated with intellectual property protection; (xv) Tevogen’s limited operating history; and (xvi) those factors discussed in Tevogen’s filings with the SEC and that are contained in the Proxy Statement/Prospectus relating to the Business Combination.

 

The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Proxy Statement/Prospectus and other documents to be filed by Tevogen Bio from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and while Tevogen Bio may elect to update these forward-looking statements at some point in the future, they assume no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. These forward-looking statements should not be relied upon as representing Tevogen Bio’s assessments as of any date subsequent to the date of this press release.

 

Contacts

Tevogen Communications

T: 1 877 TEVOGEN, Ext 701

communications@Tevogen.com

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FGI launches the First Flush Guard™ Anti-Overflow Toilets at KBIS

The Flush Guard Patented Anti-Overflow Drain System Is the Cure for “Overflowbia”

 

EAST HANOVER, N.J. — (BUSINESS WIRE) — #AntiOverflow — FGI Industries, Ltd. (Nasdaq: FGI), a leading global supplier of kitchen and bath products, today announced the launch of Flush Guard at the Kitchen & Bath Industry Show (KBIS) in Las Vegas, NV. Leveraging an incredibly effective, patented anti-overflow drain system, Flush Guard Anti-Overflow Toilets effectively remove the fear of overflow, a feeling known as “Overflowbia.”

 

“Our research shows that ‘Overflowbia,’ or the fear of a toilet overflow, is very real – particularly among those who have experienced it firsthand,” explains Barry Jacobs, SVP of Product Development at FGI Industries. “Flush Guard’s anti-overflow drain system represents the next major innovation in toilets…one that brings with it a sense of emotional relief. With Flush Guard, consumers can literally ‘go in peace.’”

 

Flush Guard Anti-Overflow Toilets feature one of the most powerful flushes on the market, making them difficult to clog in the first place. But in the unlikely event that the main drain becomes clogged, the three anti-overflow holes in the bowl allow water to escape through a secondary drain. And that anti-overflow drain is self-cleaning with every flush.

 

Continuing the theme of stress reduction, Flush Guard Toilets are stylish, high-quality, and easy to keep clean. Both the primary and secondary drains empty into a standard waste pipe and utilize standard fittings, so there’s no special installation or plumbing required, making them excellent as new construction and replacement toilets alike. When used as a replacement, a Flush Guard Toilet completely covers the area of the old toilet thanks to the industry’s largest footprint. Any marks or tile discolorations are thereby hidden, eliminating the need for costly surface repairs.

 

“As North America’s largest and most comprehensive tradeshow dedicated to the kitchen and bath industry, we couldn’t imagine launching such a momentous leap forward in toilet technology in any other venue,” says Glen Paporello, VP of Marketing. “Attendees who stop by our KBIS booth #N1212 can see Flush Guard Anti-Overflow Toilets in action – along with our new ‘Overflowbia’ launch campaign.”

 

Flush Guard technology will initially be available to consumers on Craft + Main® brand toilets online and in-store through authorized distributors as of April 2024. To learn more about this revolutionary new toilet technology – or to become a distributor so you can help your customers go in peace – visit FlushGuardToilets.com.

 

About FGI Industries, Ltd.

FGI Industries, Ltd. (Nasdaq: FGI) is a leading global supplier of kitchen and bath products. For over 37 years, we have built an industry-wide reputation for product innovation, quality, and excellent customer service. We are currently focused on the following product categories: sanitaryware (primarily toilets, sinks, pedestals and toilet seats), bath furniture (vanities, mirrors and cabinets), shower systems, customer kitchen cabinetry and other accessory items. These products are sold primarily for repair and remodel activity and, to a lesser extent, new home or commercial construction. We sell our products through numerous partners, including mass retail centers, wholesale and commercial distributors, online retailers and specialty stores.

Contacts

Glen Paporello

FGI Industries, Ltd.

Glen.Paporello@FGI-Industries.com

Stefanie Fernandez

The S3 Agency

sfernandez@theS3agency.com