Page 1,420«..1020..1,4191,4201,4211,422..1,4301,440..»

PAAB Publishes Draft Guidance Document on Use of Real-World … – Fasken

The Pharmaceutical Advertising Advisory Board (PAAB) has published a draft guidance document on the use of real-world evidence (RWE) in advertising directed to healthcare professionals (HCPs). The draft guidance document is available upon request from PAAB. PAAB is inviting industry stakeholders to provide feedback on the draft guidance document until the consultation period closes on April 3, 2023.

According to the draft guidance document, PAAB recognizes that not all clinical data that is relevant to clinical decisions by HCPs may be supportable by controlled and well-designed clinical trials with demonstrated statistical significance (so-called gold standard data). PAABs aim is to create a framework for use of RWE in advertising to facilitate delivery of the best data currently available to HCPs even in the absence of gold standard data, provided that the RWE data is sufficiently robust to be relevant and valuable to clinical practice.

Under PAABs proposed approach outlined in the draft guidance document, RWE may be used in advertising in addition to gold standard data, provided that the RWE data meets certain base requirements for validity and relevance and is presented in the advertisement in alignment with certain formatting principles, each of which is described below.

The draft guidance document provides the following nine criteria to be used to ascertain whether RWE meets basic requirements for validity and relevance:

The draft guidance document provides the following five principles for presentation of RWE data in advertising:

The draft guidance document provides examples of the application of these principles to visual advertisements, as well as adaptations of these principles for advertisements in video or audio formats.

Ourlife sciences team has significant expertise advising the pharmaceutical industry on advertising compliance and other matters and is available to consult on the draft guidance document.

Read the original post:

PAAB Publishes Draft Guidance Document on Use of Real-World ... - Fasken

Read More..

Argentine mining exports hit 10-year high as lithium, EVs take off – Reuters

BUENOS AIRES, March 21 (Reuters) - Argentina's mining exports hit historic levels last year, the government said on Tuesday, powered by surging lithium income as the South American agricultural powerhouse targets profits from the metal key to meeting booming electric vehicle (EV) demand.

Even as Latin America's third-largest economy suffers triple-digit inflation and the fallout of a devastating drought afflicting top farmland, lithium exports helped push up the country's mining exports to $3.86 billion last year - the highest level in a decade, according to economy ministry data.

Argentina's lithium riches, like those in neighboring Chile, are extracted from brine in sprawling salt flats that use the power of the sun to concentrate the ultra-light metal in evaporation pools.

In 2022, lithium exports surged 234% from a year earlier, accounting for nearly a fifth of all Argentine mining shipments.

In a rare bright spot for the country's ailing economy, the trend shows no sign of slowing.

During the first two months of this year, exports of the white metal more than doubled, from a year earlier, with February shipments pulling in a record $58 million.

The ministry sees mining revenues of $6 billion this year, in part boosted by two new lithium projects set to launch as well as a pair of major expansions underway.

A scramble for the metal has caused its price to skyrocket, which in turn has motivated companies and investors alike.

Some of the world's largest mining companies have operations in northern Argentina, including China's Ganfeng Lithium (002460.SZ) and U.S. miner Livent Corp (LTHM.N), which will supply lithium for rechargeable batteries in BMW (BMWG.DE) vehicles.

Mining industry investment since 2020 totals some $11.3 billion, the ministry data showed, including $5.1 billion for lithium and $4.9 billion for copper, also heavily used in EVs.

Spanning Chile, Argentina and Bolivia, South America's so-called "lithium triangle" accounts for more than half of global lithium supplies.

Reporting by Lucila Sigal; Writing by Sarah Morland; Editing by David Alire Garcia and Jonathan Oatis

Our Standards: The Thomson Reuters Trust Principles.

Originally posted here:

Argentine mining exports hit 10-year high as lithium, EVs take off - Reuters

Read More..

National Reconnaissance Office (NRO) Awards Pixxel with 5-year … – Space Ref

Pixxel, a leader in cutting-edge earth-imaging technology, has been awarded a 5-year contract by the NRO Commercial Systems Program Office (CSPO) under the Strategic Commercial Enhancements Broad Agency Announcement for Commercial Hyperspectral Capabilities.

Pixxel will provide technical hyperspectral imagery (HSI) remote sensing capabilities via modeling and simulation and data evaluation. Using its currently on-orbit pathfinder systems and future HSI constellations, Pixxel will demonstrate its capabilities through end-to-end tasking, collection, and product dissemination and respond to ad-hoc product ordering and delivery requests from the NRO and its partners.

The entire team here at Pixxel is excited to begin this journey with the NRO, said Awais Ahmed, CEO and co-founder of Pixxel. We are fully committed to this fantastic opportunity to offer our imaging capabilities to the organization, its partners, and the U.S. geospatial intelligence community.

We look forward to a collaboration with NRO CSPO and our esteemed partners, Riverside Research, Rochester Institute Technology (RIT) Center for Imaging Science (CIS), and Labsphere to advance this promising new space-based commercial remote sensing technology, said Pixxel Vice President, Skip Maselli.

Pixxels hyperspectral satellites capture images at hundreds of wavelengths in the electromagnetic spectrum and reveal key data about the health of our planet. Pixxel has seen a landmark year of growth, launching three pathfinder missions into orbit and growing their customer base across agriculture, mining, climate, oil and gas, government, and more. This agreement marks Pixxels first publicly announced government customer and aligns with growing public sector interest in climate monitoring tools.

About Pixxel

Pixxel is a space data company building a constellation of the worlds highest-resolution hyperspectral earth imaging satellites and the analytical tools to mine insights from the data. The constellation will aim to provide global coverage every 24 hours and help detect, monitor, and predict global phenomena across agriculture, mining, environment and energy use cases.

Co-founded by then-20-year-olds Awais Ahmed and Kshitij Khandelwal, the space tech startup aims to build a health monitor for the planet by 2024. Pixxel has worked with notable organizations such as the Indian Space Research Organization, NASA JPL, and SpaceX amongst other space stalwarts. The organization is backed by Lightspeed, Radical Ventures, Relativitys Jordan Noone, Seraphim Capital, Ryan Johnson, Blume Ventures, Sparta LLC and Accenture among others. For more information visit http://www.pixxel.space or follow Pixxel on Twitter and LinkedIn.

About NRO

The NRO develops, acquires, launches, and operates the worlds best intelligence, surveillance, and reconnaissance satellites to secure and expand Americas advantage in space. We are building a diversified and resilient architecture of spacecraft and ground systems designed to meet the challenges of a changing space environment by accelerating innovation and leveraging strategic partnerships, backed by a diverse and highly skilled workforce. At NRO, we see it, hear it, and sense it so our nations warfighters and policymakers have decision advantage amid increasing global competition. Learn more at NRO.gov.

ContactsJohn OBrien[emailprotected]

Read more:

National Reconnaissance Office (NRO) Awards Pixxel with 5-year ... - Space Ref

Read More..

The human labor behind AI chatbots and other smart tools – Marketplace

Every week it seems the world is stunned by another advance in artificial intelligence, including text-to-image generators like DALL-E and the latest chatbot, GPT-4.

What makes these tools impressive is the enormous amount of data theyre trained on, specifically the millions of images and words on the internet.

But the process of machine learning relies on a lot of human data labelers.

Marketplaces Meghan McCarty Carino spoke to Sarah T. Roberts, a professor of information studies and director of the Center for Critical Internet Inquiry at UCLA, about how this work is often overlooked. The following is an edited transcript of their conversation.

Sarah T. Roberts: In the case of something like ChatGPT and the engines that its using, its really going out and pretty much data mining massive portions of the internet. Now, we all know that the internet is filled with the best information and the greatest stuff all the time, right? So whats required for something like that is to have human beings with their special ability of discernment and good judgement, and sometimes visceral reactions to material and in the case of ChatGPT, to cull material out, material that users, or more importantly, companies, would not want inside of their products as a potential output. And so that means these data labelers, much like content moderators, spend their days working on some of the worst stuff that we can imagine. And in this case, theyre trying to build models to cull that out automatically. But it always starts and ends with human engagement.

Meghan McCarty Carino: What do we know about the people who are doing this really key work of data labelling?

Roberts: So taking a page from the content moderation industry, much of this work is outsourced to third-party companies that provide large labor pools. Often these data labelers are at great remove from where we might imagine the work of engineering these products goes on. They might be in other parts of the world. There was a great article by Billy Perrigo in Time magazine in January of 2023, about a place in Kenya that was doing data labelling. It was a really hard, upsetting job, and folks were being paid at most $2 an hour to be confronted with that material. Unfortunately, this is an industry that is reliant upon human intervention and human discernment, but once again, takes it for granted and pays very little and puts people in harms way.

McCarty Carino: Right, very similar to, you know, what weve learned about content moderation, which, as you said, happens in a similar sort of outsourced way where these people are sort of the front lines of everything that we dont want showing up in our end product, and it runs through these workers.

Roberts: Yeah, thats right. And for years, Ive been listening to industry figures and other pundits tell me that my concern about the welfare of content moderation workers was appropriate, but it was finite, and that in just a few years, AI technologies would be such that we could eliminate that work. In fact, whats happening is just the opposite. We are expanding, greatly expanding at an exponential pace, the number of people who are doing work like this. I think of data labelling frankly as content moderation before the fact, both in practice, but also in the material conditions of the work.

McCarty Carino: When we think about how these technologies are often described, or characterized by the companies that put them out or, you know, in the press, I mean, what is important to keep in mind as we think about this type of labor and its relationship to those products?

Roberts: I think what we have to remember is that AI is artificial intelligence leaning heavily on the artificial. And what its doing at best is imitating human discernment, thinking and processes, but it is only as good as the material that goes into it. You know, theres an old adage in programming, garbage in, garbage out, that goes maybe even more so for applications like these AI tools that weve been discussing. Emily Bender and her colleagues wrote a great paper called stochastic parrots, which is how she and her colleagues describe what ChatGPT is actually doing. And for those who arent familiar with that term, basically, what shes saying is that you can use ChatGPT, its incredible, Ive used it as well. But you have to keep in mind that what youre seeing as its output is at best mimicking humans in the same way that a parrot might copy our pattern of speech, a series of words or phrases, even our inflection, but really has no cognitive ability to necessarily understand what those things mean.

And in fact, I would give a parrot a better chance of having that kind of cognition than I would have machine. So in a way, Ive been thinking about ChatGPT and other tools like it really as vanity machines. Just as an example, I requested it to generate an annotated bibliography for me the other day in my own field. I picked something that I thought I would have some expertise in in order to evaluate the output. And it gave me about 10 answers. The first one it gave me was something I would have chosen as well, a book by a colleague. Perfect response. And then it started producing a bunch of new papers and books in my area of study that Id never heard of. And I really thought, Wow, have I really been underwater that much during COVID? Like, all this stuff is coming out and Im missing it? Turns out, those were fake citations, fake authors, fake books on legitimate presses, fake papers, but using legitimate journal titles with even page numbers given. Imagine if I hadnt had the expertise to know that those were bogus. Thats just one example of the way that this stochastic parrot or this mimicry might reproduce. And, of course, to be fair, I didnt ask it to give me real citations or truthful information. It gave me its best guess at what an annotated bibliography would look like in my field. But none of it was real.

McCarty Carino: What gets lost when tools like this are thought of as these sort of genius technological achievements without considering all of the human labor that went into them?

Roberts: They could have really chosen any model. They could have decided, you know, an infinite number of possibilities of how to set up that work and how to treat those workers. And I think it says something about tech companies. The actual intelligence that they are mining, the very essence of what makes these tools appear to have this human element in other words, mimicking the humans that work on the labeling, work on the moderation, work on these inputs are erased from the process. And I think the erasure of the humanity that goes into these tools is to all of our detriment if for no other reason then we cant really fully appreciate the labor that goes into creating them or the limits of the tools and how they should be applied.

A report from Grand View Research valued the global data collection and labeling market over $2.2 billion in 2022. Its a huge sector.

And its important to understand its not just this new generative AI that requires this kind of work. For example, my colleague Jennifer Pak reported a couple years ago on a data labeling center in China that contracts with big companies like Baidu and Alibaba.

One of the workers Jennifer spoke to said he was making twice the average salary in his local province, roughly $11,000 a year, plus commission.

The operation had workers labeling street data for an autonomous vehicle project basically, Thats a bike, thats a pedestrian, thats a baby stroller.

The same type of labor is used to label faces to train facial recognition software or to help robot vacuums navigate their way around your home.

Earlier this year, we spoke to MIT Technology Review reporter Eileen Guo about her story on how sensitive personal images taken by robot vacuums inside peoples homes ended up online.

Its a winding path, but it runs through a group of outsourced data labelers in Venezuela that iRobot contracted.

More here:

The human labor behind AI chatbots and other smart tools - Marketplace

Read More..

Rape cases incorrectly cleared by police. Here’s why suspects are walking free – 11Alive.com WXIA

CLAXTON, Ga. For more than a year, 11Alive has investigateda little-known way police can clear crimes without ever making an arrest. Its called exceptional clearance and we found when it comes to rape, its far from an exception.

Its likely youve never heard of exceptional clearance. Neither had Robin Smith-Bright even though it is why her daughters rape investigation is closed.

What is that? Smith-Bright asked.

Its supposed to mean police couldnt arrest a suspect for reasons beyond their control, even though they have the evidence they need. Those reasons can be anything from the death of the suspect, the victim not wanting to prosecute, or the suspect is already in custody for another crime. Thats not how Evans County used it in Smith-Brights daughters case. They exceptionally cleared it citing a lack of evidence. Sheriff Mac Edwards didnt see a problem with that.

My exceptionally cleared, the previous sheriffs exceptionally cleared might be two different things, Edwards said.

We explained there is only one definition for exceptional clearance. Edwards said, Its a play on words I guess.

No, its not.

Credit: WXIA

11Alive's Kristin Crowley with Evans County Sheriff Mac Edwards

RELATED:An Exceptional Problem: How police are clearing rape cases without making arrests

Exceptional clearance is the same no matter your state, city or county. The FBI lays it out clearly. Every agency must determine who the suspect is, where the suspect is and have enough evidence to make an arrest. Then, they need to have an exceptional reason on why they cant arrest the suspect. If they cant do that the case doesnt qualify.

Theres a high threshold because when police report their numbers to the public, exceptionally clearing the case is the same as solving a case with an arrest. Thats why it should be relatively rare, but we found thats not the case in rape investigations.

In 2021, Evans County exceptionally cleared 40% of its rape cases compared to 24% of its burglary cases and 0% for homicide and robbery.

Atlanta Police have a 20% ex-clearance rate for rape compared to 5% for robbery, 3% for homicides and just 2% for burglaries.

Its an issue across the entire state of Georgia. Eight agencies had an exceptional clearance rate of 40% or higher. Another 24 agencies had a rate of at least 18% or higher.

Dave Thomas, with the International Association of Chiefs of Police, said anything over 9% is alarming.

When we start getting in higher percentiles, I want to go in and do some data mining and look at the cases. Look and see whether they met the criteria, Thomas said.

Credit: WXIA

Dave Thomas

Thats exactly what 11Alive Investigatesdid.

We filed open records requests with departments in 48 counties across Georgia. We found agencies that exceptionally cleared cases for insufficient evidence, because a story was fabricated, or because it was transferred, all of it a misuse.

Nearly every department that used exceptional clearance for rapes used it incorrectly at least once.

Multiple agencies acknowledged they made a mistake once we brought it to their attention. But for Bright-Smith its not enough. She wants her daughters case reopened, and she wants the suspect charged.

Read the original here:

Rape cases incorrectly cleared by police. Here's why suspects are walking free - 11Alive.com WXIA

Read More..

American companies have already done the same or worse as TikToks data-sharing: Rep. Bowman – Yahoo Canada Finance

Rep. Jamaal Bowman (D-NY) joins Yahoo Finance's Rachelle Akuffo to discuss the pace and intentions of U.S. regulation of TikTok, data privacy, the app's relationship with China, and the social media ecosystem as a whole.

[AUDIO LOGO]

SEANA SMITH: TikTok CEO Shou Chew facing some tough questions from lawmakers today while he was testifying for hours just about the data, national security. Concerns also the social impact of his app. Yahoo Finance's Rachelle Akuffo has been tracking all of this for us. She's live for us down inside the Beltway on Capitol Hill. Rachelle?

RACHELLE AKUFFO: That's right, Seana. So I mean, one of the people who was really an opponent of this, he didn't testify today, but all along he's been saying, look, some of these lawmakers are really rushing and being too hasty in trying to ban TikTok. Here's a look at our conversation with Congressman Jamaal Bowman.

JAMAAL BOWMAN: I think we're moving too quickly to a conversation about a ban without having a real conversation about what's happening with TikTok and what's happening within the social media ecosystem. If the issue is data privacy and security, if the issue is data mining, if the issue is our data being sold to foreign countries or foreign companies, that's happening already on every social media platform.

So why are we scapegoating TikTok? And one of the things that's been happening over the last year is this entire fear mongering around China. China as the boogey person. And if that's the case, show me evidence that that's the case. But don't isolate OR, single out TikTok when all of the other social media companies, American companies have done the same and/or worse when it comes to data sharing.

RACHELLE AKUFFO: Because when I did try and get specifics from lawmakers about the concrete evidence that they've seen that perhaps the CCP has found something or is using it nefariously, it did seem to be more about the speculation, as you mentioned. You called it the red scare in your press conference the other day. Why do you think that's the focus being that we still do have other Chinese apps that aren't being targeted, as well as you mentioned, social media companies.

Story continues

JAMAAL BOWMAN: I believe hundreds of Chinese apps on our phones right now that could be gathering information that's shared with China that's currently in play that we're not talking about at all. I don't know. Facebook, it is well documented that Facebook looked the other way and allowed Russia to interfere in our 2016 election without telling anyone in real time as it was happening.

It's being speculated that Elon Musk and Twitter are sharing our information with foreign adversaries. So let's investigate the entire landscape. I'm an educator. I care deeply about privacy. I care deeply about security. There are data brokers right now who are exchanging our data, trading our data, selling our data on all platforms but we're not talking about that, we're just talking about TikTok. It's disingenuous and governing shouldn't be done in this way.

RACHELLE AKUFFO: And you have been really calling for an honest conversation about this. Because as you mentioned, if it's ending up through third parties in other countries, a ban really then wouldn't do any good. So what would the purpose of a ban be then?

JAMAAL BOWMAN: It would show that we are strong on China. We love being strong on China and strong on our adversaries. And it's more of a facade. And it's more about creating the perception of good governance. Good governance is protecting the American people. And we have done a terrible job at that because we still have people dying because they don't have health care. We still have children going to bed hungry.

We had an insurrection just two years ago. And we have American social media platforms that's allowing our data to be bought and sold around the country. That's currently happening. These are facts. We have to get our own house in order and stop thinking that we need a foreign foil to be the best America that we could be.

RACHELLE AKUFFO: And we did hear in testimony from Shou Chew that he talked about the positive aspects of it. And when I talked earlier to Congressman Obernolte, he said that he mentioned that I talked to him about the 5 million businesses that are on the platform.

JAMAAL BOWMAN: Yep.

RACHELLE AKUFFO: A lot of people are saying, look, this has been a boon for my livelihood. What do we do?

JAMAAL BOWMAN: 150 million Americans.

RACHELLE AKUFFO: See?

JAMAAL BOWMAN: Many of them young people. Many of them learn about politics and how Congress works from TikTok. You're going to take that away and force them onto other social media platforms who are still going to steal and sell their data while also giving you, in my opinion, more vitriol and hate and misinformation? Because on my TikTok feed I receive much less hate, much less vitriol, much less racism, and much less misinformation on my feed. On the other platforms I get that all the time.

It seems to be, and there might be some evidence to this, that TikTok is just a better product than these American products. And American companies are now organizing to get rid of that better product so they can make more money. That's how our toxic capitalist system works.

RACHELLE AKUFFO: And you did hold a press conference really about free expression. And you had a lot of content creators there on TikTok who wanted to have their voices heard. What has been the reaction? Because we get the impression that at least from the testimony today that it's the people who are pushing for this.

JAMAAL BOWMAN: Yeah. It was very powerful, first of all. I got to meet so many people from all parts of the country who discovered their voice and found a place to share their voice and uplift their voice and connect with others around the world that they never would have connected with. They found a space where they are comfortable sharing their experiences and bringing people into their lives in a way that help to build community.

So TikTok as a caring community specifically for marginalized people is a powerful thing. It's what Facebook and Twitter and other places were supposed to be before the hate came in. We still have issues with safety and security on TikTok and everywhere else. So let's deal with that instead of dealing with them as the boogey person that is trying to facilitate Chinese espionage without any evidence whatsoever.

RACHELLE AKUFFO: And we know that a number of lawmakers have put forward bills to try and address this, not just for TikTok, but for the broader industry. What do you think then would be some good key elements that would really at least offer some of the protections that lawmakers--

JAMAAL BOWMAN: So the European Union has an example of this. They have a national privacy piece of legislation for the whole EU. We need something like that here. There's no federal legislation on privacy and security. That's what we need to be focused on, number one.

Number two, big tech as a monopoly needs to be dealt with. And we haven't-- we introduced legislation last Congress. We haven't moved forward with that piece of legislation. Also the harms of tech, some of the addictive natures regarding the algorithms, because many of the algorithms want you to stay on tech as long as possible. We need to deal with that issue as well.

There are real issues to deal with. Let's deal with the real issues for all tech and not just, again, scapegoat one company.

RACHELLE AKUFFO: And one of the lines that stood out from the press conference you said maybe Republicans don't like TikTok because they don't have swag. No. I know that you put that in the context of really engaging with young people. Talk more about that and perhaps the opportunities you see there.

JAMAAL BOWMAN: So many opportunities on all of social media. But most young people right now are on TikTok. Everyone was predicting a red wave for the 2022 elections. The red wave didn't happen. It mainly didn't happened because young people came out in droves to vote for Democrats and help us push back against a MAGA agenda. Many of those young people we've connected with on TikTok.

I have 11-year-olds, 10-year-olds in my district who follow me on TikTok and love to learn about what's happening here through my TikTok account. So let's make it better instead of banning it. And let's not miss this opportunity to make our democracy stronger.

And what I meant by the whole swag comment, Republicans don't know how to connect with young people. They struggle. Even some Democrats struggle to connect with young people. So do the work of democracy. Stop trying to suppress voices and votes with your ban on TikTok and ban on books and ban on trans and sports. And they just want to ban everything. And when you ban things, you silence people. When you silence people, they're not going to vote. And you can't win on the issues, so the most you can do is suppress their vote.

RACHELLE AKUFFO: So Congressman Bowman that really is one of the few voices, one of the only voices that we've heard that does oppose a full ban on TikTok or at least having lawmakers do a bit more homework and perhaps do a bit more homework at home some of the US companies, the social media companies here that pose similar threats rather than just targeting TikTok.

The rest is here:

American companies have already done the same or worse as TikToks data-sharing: Rep. Bowman - Yahoo Canada Finance

Read More..

How Financial Institutions Like Silicon Valley Bank Fund the … – Jacobin magazine

The collapse of Silicon Valley Bank last week sparked a number of debates. Was SVB too big to fail? Was the Biden administration response a bailout? Are the libertarian-leaning tech CEOs hypocrites? Is this a sign that the Feds interest rate hikes should come to an end?

But one element of the SVB collapse has been lost in all the discussion of naive tech bros and their questionable banking habits: the importance of the bank, of the tech industry, and of finance to the project of US global power.

As Fortune put it, SVB was the central artery for financing the startup ecosystem. Nearly all of the banks depositors were young tech firms backed by speculative venture capital and the banks collapse threatened the very survival of both the tech and VC industries. While many have been rightly focused the potential fallout of the collapse for the US banking system, the geopolitical dynamics of these events have mostly flown under the radar.

The Financial Times reports that amid fears the government was prepared to let SVB and its uninsured depositors go to the wall, venture capitalists launched a concerted lobbying effort via their industry group, the National Venture Capital Association (NVCA). The lobbyists argued that the failure of SVB would not only have big economic repercussions, with companies struggling to write paycheques, but also that an outright failure would have geopolitical ramifications.

As one participant in the lobbying meetings told the Financial Times: The theme was: this is not a bank.. . . This is the innovation economy. This is the US versus China. You cant kill these innovative companies.

Leaning into the US-China rivalry is not just deft lobbying from NVCA. And posing this as a threat to the innovation economy is not simply a reflection of an ideology that sets venture capitalbacked start-ups on the new frontiers of capitalism. Indeed, while every facet of the US economy in the twenty-first century from manufacturing to consumption is dependent on access to credit, the peculiarities of SVB bring the relationship between this type of finance and the US military-industrial complex into stark relief.

On the list of major firms that was set to lose about $5 billion in SVB deposits (alongside start-ups in the media, software, and pharmaceutical industries) was at least one semiconductor producer and two aerospace and defense firms. One of them, Rocket Lab, has recently been in the news for weaponizing space, while the other, Astra, works closely with Defense Advanced Research Projects Agency (DARPA) on a number of projects.

These firms military ties are not unique. Silicon Valley has a long history of collaboration with the US military. Indeed, the first initial public offering in Silicon Valley was for Varian in 1956, which sold microwave tubes for military uses. In the 1960s, Fairchild Semiconductor, considered one of the pioneers of todays Silicon Valley, started its business through military contracts. These links have evolved to include technologies from microchips to data mining to Apples Siri. As Silicon Valley historian Leslie Berlin notes: All of modern high tech has the U. S. Department of Defense to thank at its core.

But more than that, the venture capital supporting these start-ups has become increasingly enmeshed with military procurement in recent years, as the Pentagon has turned to private financing to direct military research and development.

This is simply the latest form of a decades-old relationship. Starting in the 1990s, private equity became an important player in the merger boom of armaments firms. This merger boom was key in the transition of the defense industry from a medley of hundreds of small- and medium-sized industrial firms into the handful of massive, publicly traded companies that we know today.

This boom was facilitated by the US government, in an effort to increase efficiency and cut costs during the postCold War defense drawdown. But if it was the government pushing the mergers, it was the financial institutions that facilitated them and reaped the rewards.

Searching for profitable investments in the wake of the savings and loan crisis of the early 1990s, many financial institutions turned to the defense industry as a possible boon. Few in the industry expected the postCold War drawdown to last, and investors bet that an industry backed by US federal military spending would be a safe investment.

Big banks, such as JP Morgan, provided funding for a number of major mergers, such as Lockheed Martins $9.1-billion acquisition of Loral Corporation in 1996. In addition to big banks, the defense industry piqued the interest of a number of private equity groups, and institutions like the Carlyle Group and the Vanguard Group became specialists in investing in military firms.

Underwriting the merger boom, these bankers and venture capitalists reaped the benefits of the extraordinary growth in military firm profits in the coming decades, as the United States wars in the twenty-first century meant a boom in the aerospace and defense sectors.

Today private equity has taken on an even wider role in the armaments industry than in the 1990s, responsible for thousands of investments in aerospace and defense firms. The Pentagon has even established an office dedicated to facilitating the linkages between start-ups with military potential and venture capitalists. Industry leaders thus unsurprisingly see private equity and venture capital as the future of military innovation.

So when the lobbyists argued that the SVB collapse wasnt just threatening the individual depositors, but also that it was a possible extinction-level event for Silicon Valley and that the VC business model itself was in danger they were correct to point out that a collapse of these industries would disrupt the military-industrial ecosystem at a time of escalating conflict with Russia and mounting rivalry with China.

While SVBs heavy concentration of VC-backed tech firms makes it a particularly clear example of these industries ties with the US military-industrial complex, it is not unique. Indeed, the US financial system writ large is intertwined with US war-making in the twenty-first century creating a dangerous situation for the world.

Decades of endless war have dramatically increased the opportunities for militarized profit-making making military industries an ideal investment for financial capital and agrowing numberof financial firms areexpanding their military sector investments. This draws the interests of financial capitalists together with those of military-industrial firms and hawkish officials.

As Shana Marshallnotes, the interlocking interests of financiers and military leaders in the pursuit of war ensures a steady delivery of investment in militarized technologies and high returns for finance capital from continued US commitment to a highly militaristic foreign policy.

In other words, this financial permeation of the military-industrial complex has yielded a vicious circle: Expanding war yields greater profits for armaments firms, which enhance their capacity to attract financial investors. Firms and their financial backers use these profits tolobbyfor war, tofinancepro-war think tanks and research, and toinfluencemedia coverage of world problems.

This has created a dangerous state of affairs, where militarism and militarization are the go-to solution to every challenge. The entire project of restoring US global primacy rests on its military power its ability to effectively challenge rivals through force. Over the past few decades, finance has become increasingly incorporated into that project.

So while SVB may not have been too big to fail, it was certainly too important to fail not only to the banking system, but to the project of US world power. The VC lobbyists undoubtedly found a sympathetic ear from administration officials concerned with the national security ramifications of the collapse.

But from the geopolitical perspective, the SVB rescue does little to promote stability. It ultimately preserves the status quo of deeply intertwined military and financial systems, reinforces the rhetoric of US-China rivalry, and has angered Western allies who saw the decision to cover all deposits as an unnecessary and hypocritical breaking of international banking rules rules that the US pushed for in the first place.

See the rest here:

How Financial Institutions Like Silicon Valley Bank Fund the ... - Jacobin magazine

Read More..

SOS Ltd. Announces Launch of its Super-Computing and Hosting … – PR Newswire

NEW YORK, March 21, 2023 /PRNewswire/ -- SOS Limited (NYSE: SOS) ("Company" or "SOS") today announced launch of its Super-Computing and Hosting Center in Fort Stockton, Texas.

For Phase 1, the site currently has 10MW in place and hosts about 1400 servers in 10 mobile data containers. The Company expects to ramp up to 42 mobile data containers in the coming weeks. At its completion, Phase 1 will operate at 20MW. The Company expects that Phase 2 to be completed later this year will bring the site to a total of 50 MW.

The launch of the Fort Stockton Super-Computing and Hosting Center represents another milestone in SOS' strategy to build out its North America operations.The Company also operates a Computing and Hosting Center in Wisconsin.

Mr. Yandai Wang, CEO and Chairman of SOS, commented, "This launch marks another successful step in our growth in North America. We will continue to grow our hosting business and invest in more high-performance rigs for our own mining operations. "

About SOS Limited

SOS is a new high-tech company with artificial intelligence and blockchain as its core technologies. Through core technologies such as AI+ block technology+satellite communication+big data, the company provides digital technical services for emergency rescue, big data marketing, international trade, digital assets and other industries, and provides customers with one-stop digital overall solutions. For more information, visit http://www.sosyun.com.

Forward-Looking Statements

Certain statements in this press release may constitute "forward-looking statements" within the meaning of the Federal Securities Act, including but not limited to our expectations of future financial performance, business strategy or business. These statements constitute forecasts, prospects and forward-looking statements and are not performance guarantees. SOS warns that forward-looking statements are subject to many assumptions, risks and uncertainties that will change over time. Forward looking statements may be identified by words such as "may", "can", "should", "will", "estimate", "plan", "project", "forecast", "intend", "expect", "predict", "believe", "seek", "target", "Outlook" or similar words. Specifically, forward-looking statements may include statements related to the following matters of the company:

These forward-looking statements are based on information available as of the date of this press release and our management's current expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements.

These risks and uncertainties include, but not are limited to, the risk factors described by SOS in its filings with the Securities and Exchange Commission ("SEC"). These risk factors and those identified elsewhere in this press release, among others, could cause actual results to differ materially from historical performance and include, but are not limited to:

Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and you should not place undue reliance on these forward-looking statements in deciding whether to invest in our securities. We do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

SOURCE SOS Limited

See the original post here:

SOS Ltd. Announces Launch of its Super-Computing and Hosting ... - PR Newswire

Read More..

What You Should Definitely Pay Attention to When Hiring Java Developers – Modern Diplomacy

Today there are about 700 programming languages. Java is among the most requested tools. The scope of the language is very wide, respectively, developers may be needed in a variety of areas. For this reason, it is sometimes difficult to find a great Java developer, some companies decide to outsource Java development. If you are looking for a Java developer, then this article is for you. We will give you recommendations on how to attract the best employees to the project.

The selection of a Java developer is a very responsible task since the quality of product development and its future depend on it. Lets look at the factors that you should definitely consider when looking for a specialist.

First of all, you need to determine the requirements of your project. They should be based on company goals or how your product can meet customer goals and needs. In addition, it is necessary to form a vision for the product in the long term and think over strategies for monetization and product improvement.

Every Java project is different. Therefore, you must know what the requirements of your project are. Before hiring IT staff (remotely or in the office), it is important to classify your project.

Make sure you know which category your project belongs to, then hire Java developers according to the requirements.

To create a team of experienced Java developers that meets the needs of your project, it is important to hire programmers who have years of experience in the industry. It will help you get highly optimized Java programming solutions.

In todays results-driven industry, its more important than ever to partner with a development team that delivers best-in-class services.

There is a long list of mobile and web applications that can be created using the Java programming language. Different Java development tools allow developers to achieve different results. Several frameworks include JSF, Grails, Plat, Spring, Maven, and more.

You may run into a situation where Java developers are aware of various frameworks but not the one you are looking for. Therefore, before selecting IT specialists, double-check whether the expert has the relevant knowledge and experience.

Before hiring a developer or development team, make sure you like it. Also, go through multiple interviews with the development team youll be working with and see if theyre capable enough. List of core skills that will allow you to appreciate the experience of Java developers:

You should also interview them on technical parameters:

The strengths of Java developers should include wireframing, user interface design, conceptual design, AR, and APIs. Recheck the skill set required and then make your final decision. Not every developer will have all the skills mentioned above and then mix and match to create a brilliant team.

Questions to ask all Java developers in an interview:

Testimonials are social proof of satisfied customers as they provide enough confidence in developers and their reliability. Your projects will be successful if the team is passionate enough to work.

One thing you have to take care of is whether the testimonials are genuine or not. You can also rely on Google and AngelList reviews.

What if you need not only Java development services, but also design, development, testing, and more? In this case, partner with an outsourcing company that can offer you comprehensive services and still take good care of your project.

In addition, it will help you avoid unnecessary hassle. In addition, the programmers you hire must understand the value of your business secrets, source codes, data, and various information that you provide to them during an NDA.

Developers are creative people. Many of them work not for the sake of money (although the level of payment is also important), but for self-realization. To attract the best developers, you need to explain why your project will be interesting for a programmer, what unique experience he will get, or what important problem he will solve.

The services of good developers are not cheap, but it is not worth saving on programmers. In practice, experienced programmers work faster, and sometimes cost less, if you sum up all the costs of the project, its refinement, bug fixes, and testing. If you have trouble finding Java for a developer or an entire team of developers, we recommend that you contact Alcor. The company has many years of experience and deep knowledge in the selection of valuable employees for IT companies from Eastern Europe, including developers and managers.

Originally posted here:

What You Should Definitely Pay Attention to When Hiring Java Developers - Modern Diplomacy

Read More..

Rabbit Hole review: Paramount Plus series is slick, amusing – The A.V. Club

The relatively mild premiere episode of Paramount+s new spy drama Rabbit Hole doesnt do justice to the wild storylines about to unfold. The show, which kicks off March 26, opens with espionage agent John Weir (Kiefer Sutherland) in a church. While in the confessional, he says, Maybe he [god] can tell me what the fuck is going on. As a matter of fact, no one can explain what goes down in this timely but bizarre TV series, where it often feels like co-creators John Requa and Glenn Ficarra (Crazy Stupid Love) are making it up as they go. In each episode, they pull out a barrage of plot twists from their magical hat that effectively undoes what theyve previously established. Its all ludicrous, but against all odds,Rabbit Hole turns it into a somewhat compelling series.

Rabbit Hole feels like a CBS drama. (Think Person Of Interest or MacGyver, dialed up several notches.) The show takes advantage of its streaming platform to tell a jumbled but fast-paced narrative in its almost 50-minute outings (the first four episodes were provided for review), even though it takes a while to get going. Shocking cliffhangers and jaw-dropping reveals throw the show into a dizzying loop. Or down a rabbit hole, if you will. But it becomes a fun endeavor once the series gimmick is embraced for what it is: a vivid exploration of the surveillance age told through tropes and subtle hilarity.

2023

Action/Drama/Thriller

Kiefer Sutherland

John Weir

Charles Dance

Dr. Ben Wilson

Jason Butler Harner

Valence

Meta Golding

Hailey Winton

Enid Graham

Josephine 'Jo' Madi

CREATORSGlenn Ficarra, John Requa

Sutherlands foray into this genre includes serious dramas such as Foxs long-running 24 and the ABC-turned-Netflix political series Designated Survivor. Rabbit Hole allows the actor to portray a smug, more charming, and less vexed version of Jack Bauer and Tom Kirkman. Sutherland is clearly enjoying playing a cockier, more flirtatious protagonist who throws out one-liners every so often, and his performance keeps Rabbit Holes kookiness bearable. Dont worry; he still brings depth to John Weir (who suffers from anxiety and panic attacks) but without the constant crease lines.

Johns profession includes manipulating stock markets and other forms of corporate sabotage (think infiltrating focus groups, creating fake news stories, etc.) with the help of his recruitsin case you were wondering what an espionage agent does. When hes accused of murders he didnt commit, John teams up with misfits like former mentor Ben (Charles Dance), one-night hookup Hailey (Meta Golding), and Edward (Rob Yang), who works in the Treasury Department, to restore his reputation. The back-and-forth between Sutherland and Dance is particularly amusing because of their tense relationship, which is illuminated further by flashbacks.

G/O Media may get a commission

Johns crew is up against an anonymous big bad called Crowley, and RH examines how data mining and excessive internet use have corroded every inch of our lives. Much like Peacocks The Capture, this series unpacks the side effects of using AI and exploiting tech as Johns life is turned upside down thanks to hacking and manufactured footage.

Rabbit Hole | Official Trailer | Paramount+

RH isnt as much a cautionary tale as it is a crime caper made for entertainment. It looks slick and expensive, with quality production design, cinematography, and direction. But the show can also get corny, like a wrongful arrest scene where John gets everyone on the street to chant We see you at the cops. Or when hes kidnapping someone and says, Patty Hearst had to be easier than this. Cue the eye roll.

There are missteps in pacing because, after a slow start, Rabbit Hole suddenly shifts gears. The writing for characters beyond the four leads is downright tragic, especially for the FBIs Jo Madi (Enid Graham). The financial crimes agent persistently follows John everywhere, hoping to arrest him by ... chatting him up? Making clear shes gunning for him? Oversharing her personal life? She does all of these things, sometimes while belittling her wife and teen daughter in the process. Its a confusing arc that, at least in the first four episodes, doesnt improve.

Although Rabbit Hole arrives the same weekend as the return of Succession and Yellowjackets, it isnt a prestige drama. Its also not a thoughtful spy series like the recent Slow Horses. And thats okay. Its more of an enjoy as you go thrill ride. The four main performances are terrific. Dance and Yang get to play fast and loose with comedy, and Sutherland and Golding share an exciting chemistry. The show thrives on pulling the rug out from under us and delivering its twists with panache. Rabbit Hole doesnt take itself seriouslyso the audience doesnt have to either.

Rabbit Hole premieres March 26 on Paramount+.

See the article here:

Rabbit Hole review: Paramount Plus series is slick, amusing - The A.V. Club

Read More..