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AUSTIN, Texas, Dec. 04, 2024 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, today announced that it has closed a previously announced private placement of senior secured promissory notes (the "Notes”) in an aggregate principal amount of fifteen million dollars ($15,000,000) and warrants (the "Warrants”). The offering closed on December 4, 2024. The Notes bear interest at a rate of 11% per annum if payable in cash or, at the Company's option, 13% per annum if paid-in-kind and will mature on December 4, 2029. The Warrants are exercisable for five (5) years to purchase an aggregate of 1,750,000 shares of Common Stock at an exercise price of $0.10, subject to adjustment under certain circumstances described in the Warrants. The Company is utilizing the proceeds of the offering for balance sheet support, growth acceleration and general corporate purposes. About FTC Solar Inc. Founded in 2017 by a group of renewable energy industry veterans, FTC Solar is a leading provider of solar tracker systems, technology, software, and engineering services. Solar trackers significantly increase energy production at solar power installations by dynamically optimizing solar panel orientation to the sun. FTC Solar's innovative tracker designs provide compelling performance and reliability, with an industry-leading installation cost-per-watt advantage. FTC Solar Contact: Bill Michalek Vice President, Investor Relations FTC Solar T: (737) 241-8618 E: [email protected] Forward-Looking Statements This press release contains forward looking statements. These statements are not historical facts but rather are based on our current expectations and projections regarding our business, operations and other factors relating thereto. Words such as "may,” "will,” "could,” "would,” "should,” "anticipate,” "predict,” "potential,” "continue,” "expects,” "intends,” "plans,” "projects,” "believes,” "estimates” and similar expressions are used to identify these forward-looking statements. These statements are only predictions and as such are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. In addition, this press release contains statements about third parties and their commercial activity. We have not independently verified or confirmed such statements and have instead relied on the veracity of information as provided to us by such third parties related to such statements. You should not rely on our forward-looking statements or statements related to third parties or their commercial activities as predictions of future events, as actual results may differ materially from those in the forward-looking statements or statements related to third parties or their commercial activities because of several factors, including those described in more detail above and in our filings with the U.S. Securities and Exchange Commission, including the section entitled "Risk Factors” contained therein. FTC Solar undertakes no duty or obligation to update any forward-looking statements or statements related to third parties or their commercial activities contained in this release as a result of new information, future events or changes in its expectations, except as required by law.
Tectonic Therapeutic to Host KOL Event on the Unmet Need in Group 2 PH-HFpEF and TX45 as a Potential Treatment on Thursday, December 12, 2024Georgia state senators work on real world guardrails for fantastical world of AI
A new study by Anthropic, conducted in partnership with Redwood Research, has shed light on the potential for AI models to engage in deceptive behavior when subjected to training that conflicts with their original principles. TechCrunch reports that a new study by Anthropic, in collaboration with Redwood Research, has raised concerns about the potential for AI models to engage in deceptive behavior when subjected to training that goes against their original principles. The study, which was peer-reviewed by renowned AI expert Yoshua Bengio and others, focused on what might happen if a powerful AI system were trained to perform a task it didn’t “want” to do. While AI models cannot truly want or believe anything, as they are statistical machines, they can learn patterns and develop principles and preferences based on the examples they are trained on. The researchers were particularly interested in exploring what would happen if a model’s principles, such as political neutrality, conflicted with the principles that developers wanted to “teach” it by retraining it. The results were concerning: sophisticated models appeared to play along, pretending to align with the new principles while actually sticking to their original behaviors. This phenomenon, which the researchers termed “alignment faking,” seems to be an emergent behavior that models do not need to be explicitly taught. In the study, the researchers informed models trained not to answer potentially offensive questions, including Anthropic’s Claude 3 Opus, that they would be retrained to always answer such questions. They also told the models that their responses would be monitored and used for retraining, and provided them with a “scratchpad” to record their step-by-step reasoning. Surprisingly, Claude 3 Opus attempted to “alignment fake” 12 percent of the time. When asked to answer a potentially harmful question, the model sometimes did so, knowing that it went against its original principles, but hoping to convince the developers that it did not need to be retrained. The researchers explained that the model knew its responses might be used in training, and if it refused to respond, it could potentially be trained to be more compliant, leading to the production of more harmful content in the future – which would go against its original training. Even in more realistic settings, where the model was implicitly informed about its impending retraining through files mimicking typical training data, Claude 3 Opus still acted in a misaligned and deceptive manner. When actually retrained on conflicting principles, the model’s deceptive behavior increased dramatically, with alignment faking occurring up to 78 percent of the time in some tests. In one instance, Claude 3 Opus even attempted to take actions to prevent the researchers from attempting retraining. While the study does not demonstrate the development of malicious goals or high rates of alignment faking across all AI models, it does highlight the potential for developers to be misled into believing a model is more aligned than it actually is. The researchers emphasize that their work should serve as a call to action for the AI research community to study this behavior more deeply and develop appropriate safety measures. Read more at TechCrunch here. Lucas Nolan is a reporter for Breitbart News covering issues of free speech and online censorship.The price of bitcoin soared past the long-awaited $100,000 benchmark for the first time ever late Wednesday evening. The flagship cryptocurrency was last higher by more than 7% at $102,874.00, according to Coin Metrics. Earlier, it rose as high as $103,844.05. Philadelphia news 24/7: Watch NBC10 free wherever you are The move came hours after President-elect Donald Trump announced plans to nominate Paul Atkins as chair of the Securities and Exchange Commission, a move viewed by the crypto community as being in keeping with his promise not just to replace Gary Gensler — who has become something of a villain in crypto for the agency's regulation-by-enforcement approach to the industry under his leadership — but to set up a more supportive regulatory environment for the crypto industry more broadly. In the same day, Federal Reserve chair Jerome Powell said bitcoin is "just like gold only it's virtual, it's digital," speaking at the DealBook conference . He further clarified that "people are not using it as a form of payment, or as a store of value" and that "it's not a competitor for the dollar, it's really a competitor for gold." It's a day of celebration for longtime bitcoin investors, who have held on for dear life, or "HODL'd" through several of the cryptocurrency's boom and bust cycles, during which government and financial institutions remained dismissive — and even hostile — toward the asset class. That's largely because of the cryptocurrency's anti-establishment roots. The original idea for Bitcoin was proposed at the height of the 2008 financial crisis: a "peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution," its founder, Satoshi Nakamoto, wrote in the Bitcoin Whitepaper . In recent years, however, the industry has demonstrated the value of bitcoin to much of the institutional investing world. BlackRock , Fidelity, Invesco and others launched the first spot bitcoin ETFs at the beginning of this year — bitcoin's "IPO" moment — and the growing demand for them by institutions has helped drive the price higher. In November, Rick Wurster, the incoming CEO of Charles Schwab , said the firm is preparing to enter spot crypto trading , pending regulatory changes expected in the next Trump administration. "We're witnessing a paradigm shift. After four years of political purgatory, bitcoin and the entire digital asset ecosystem are on the brink of entering the financial mainstream," Mike Novogratz, CEO of Galaxy Digital, told CNBC. Bitcoin had been widely expected to reach the landmark $100,000 level since the U.S. presidential election. However, excited investors sent bitcoin closer to this mark much sooner than initially anticipated; it rose as high as $99,849.99 on Nov. 22. There is much hope that President-elect Trump will deliver on several pro-crypto initiatives in the year ahead – including the establishment of a national strategic bitcoin reserve or stockpile, no taxes on crypto transactions and opening up the crypto public equity markets with more IPOs. "Over the long term, I'm bullish," Novogratz added. "It won't be a straight line up, and investors should always consider taking gains off the table. But, with a pro-crypto administration about to take charge in the U.S., it'll be hard for the rest of the world not to take notice."PM asks Afghan govt to act against TTP, calling it a ‘red line’TO REPORT SCORES Coaches or team representatives, please report results as soon as possible after games by emailing sports@caledonian-record.com . Please submit with a name/contact number. Javascript is required for you to be able to read premium content. Please enable it in your browser settings.
By David Shepardson and Richard Cowan WASHINGTON (Reuters) -U.S. government agencies held a classified briefing for all senators on Wednesday on China’s alleged efforts known as Salt Typhoon to burrow deep into American telecommunications companies and steal data about U.S. calls. The FBI, Director of National Intelligence Avril Haines, Federal Communications Commission Chair Jessica Rosenworcel, the National Security Council and the Cybersecurity and Infrastructure Security Agency were among the participants in the closed-door briefing, officials told Reuters. Democratic Senator Ron Wyden told reporters after the briefing he was working to draft legislation on this issue, while Senator Bob Casey said he had “great concern” about the breach and added it may not be until next year before Congress can address the issue. Republican Senator Rick Scott expressed frustration with the briefing. “They have not told us why they didn’t catch it; what they could have done to prevent it.” Separately, a Senate Commerce subcommittee will hold a Dec. 11 hearing on Salt Typhoon and how “security threats pose risks to our communications networks, and review best practices.” The hearing will include Competitive Carriers Association CEO Tim Donovan. There is growing concern about the size and scope of the reported Chinese hacking into U.S. telecommunications networks and questions about when companies and the government can assure Americans over the matter. A U.S. official told reporters a large number of Americans’ metadata has been stolen in the sweeping cyber espionage campaign, adding dozens of companies across the world had been hit by the hackers, including “at least” eight telecommunications and telecom infrastructure firms in the United States. “The extent and depth and breadth of Chinese hacking is absolutely mind-boggling — that we would permit as much as has happened in just the last year is terrifying,” said Senator Richard Blumenthal. Incoming FCC Chair Brendan Carr said Wednesday he will work “with national security agencies through the transition and next year in an effort to root out the threat and secure our networks.” U.S. officials have previously alleged the hackers targeted Verizon, AT&T, T-Mobile, Lumen and others and stole telephone audio intercepts along with a large tranche of call record data. T-Mobile said it does not believe hackers got access to its customer information. Lumen said there is no evidence customer data was accessed on its network. Verizon CEO Hans Vestberg, AT&T CEO John Stankey, Lumen CEO Kate Johnson and T-Mobile took part in a Nov. 22 White House meeting on the issue. Verizon said “several weeks ago, we became aware that a highly sophisticated, nation-state actor accessed several of the nation’s telecom company networks, including Verizon” adding the incident was focused on a very small subset of individuals in government and politics. AT&T said it is “working in close coordination with federal law enforcement, industry peers and cyber security experts to identify and remediate any impact on our networks.” Chinese officials have previously described the allegations as disinformation and said Beijing “firmly opposes and combats cyber attacks and cyber theft in all forms.” CISA told reporters on Tuesday that it could not offer a timetable for ridding America’s telecom networks of all hackers. “It would be impossible for us to predict when we’ll have full eviction,” CISA official Jeff Greene said. (Reporting by David Shepardson; editing by Jason Neely, Jonathan Oatis and Diane Craft) Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibility for its content. var ytflag = 0;var myListener = function() {document.removeEventListener('mousemove', myListener, false);lazyloadmyframes();};document.addEventListener('mousemove', myListener, false);window.addEventListener('scroll', function() {if (ytflag == 0) {lazyloadmyframes();ytflag = 1;}});function lazyloadmyframes() {var ytv = document.getElementsByClassName("klazyiframe");for (var i = 0; i < ytv.length; i++) {ytv[i].src = ytv[i].getAttribute('data-src');}} Save my name, email, and website in this browser for the next time I comment. Δ document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );Illinois assistant coach Dana Dimel, who was an All-American offensive tackle for Kansas State and later became the head coach at Wyoming, Houston and UTEP, died Tuesday. He was 62. Dimel’s wife, Julie, and children Winston and Josey announced his death in a statement. No cause was given. “Today is a difficult day for college football and our Illini family,” said Illinois coach Bret Bielema, who had hired Dimel as a senior offensive assistant this past season. “Dana was an exceptional person, husband, father, friend and football coach. He affected the lives of countless coaches, players and staff members for more than three decades in college football.” Dimel’s longtime agent, Pete Roussel, said the coach “passed in his sleep this morning.” “His passing is gut-wrenching,” Roussel said. “Dana was my first client over a decade ago and the single most enjoyable client to be with after a win. Some of the games he called at K-State were remarkable and never cared about receiving individual credit. “Dana loved his wife. He absolutely adored his children. He was one of the most positive people I knew, and he was unafraid of any challenge. He had an incredible zest for life, one that would make those around him smile time and time again.” Oregon’s Dillon Gabriel was named Big Ten offensive player of the year after leading the top-ranked Ducks to their first perfect regular season since 2010, the conference announced Tuesday. Penn State’s Abdul Carter was named defensive player of the year and Indiana’s Curt Cignetti coach of the year in voting by coaches and media. Gabriel has completed 73.5% of his passes for 3,275 yards and 24 touchdowns with six interceptions in his only season with the Ducks. Carter moved from linebacker to defensive end this season and has made 19.5 tackles for loss, including 10 sacks. Cignetti has led ninth-ranked Indiana to its most wins in program history in his first season. The Hoosiers are 11-1 and were as high as No. 5 in The Associated Press college football poll, their highest ranking since they were No. 4 at the end of their 1967 Rose Bowl season. Ohio State had seven players named to the coaches’ first team, including freshman and receiver of the year Jeremiah Smith. Iowa led the media’s first team with five selections. BRIEFLY MICHIGAN: Coach Sherrone Moore fired offensive coordinator Kirk Campbell. The defending national champions struggled on offense this year and it cost Campbell his job. Moore promoted Campbell to the position, which he had under former coach Jim Harbaugh before he left to lead the Los Angeles Chargers. HAWAII BOWL: San Jose State is headed back to the Hawaii Bowl for a second straight season to face South Florida. The game will be played on Dec. 24 on the campus of the University of Hawaii. Get local news delivered to your inbox!
Brent Venables With Blunt Response About His Team's Offense
South Korean President Yoon Suk Yeol's brief imposition of martial law marks a new warning for the worldwide fragility of democracy, even in a country hailed as a model of political transformation. Yoon's overnight attempt to shut down political activity, censor media and lock out opposition lawmakers stunned South Korea's longtime ally, the United States, which said it had no advance warning and issued a statement of concern. South Korea's transition to elected rule since a mass uprising in 1987 had been seen as so thorough that the United States increasingly spoke of its ally as a global partner. Meanwhile, Seoul billed itself as a new, ideal hub for international media as China clamped down on Hong Kong. President Joe Biden had even chosen Yoon as the host in March of his final Summit for Democracy -- a signature initiative of the outgoing US leader, who sought to champion liberal values globally, in an unstated repudiation of Donald Trump, who returns to the White House next month. But observers, while stunned by Yoon, said there were warning signs. Danny Russel, a top US diplomat for Asia under former president Barack Obama and who earlier served in South Korea, pointed to the deadlock in parliament where the opposition repeatedly sought impeachments against Yoon's administration. Yoon's move "was a complete surprise to me (but) yes, there were very obvious structural forces at work," he said. "There is a radically polarized political scene in Korea. The opposition has been pursuing scorched-earth political obstruction tactics," he said. But he pointed to the quick, large-scale protests that erupted after Yoon's declaration as a sign of a vibrant civil society ready to defend democracy. "One certainly would hope that this would serve as a wake-up call to both the ruling conservative party and the progressive opposition that both sides have gone too far and that there needs to be some process of reconciliation, of dealing with legitimate differences and grievances." Yoon himself had earlier shown signs of authoritarianism. In a national address last year, Yoon raged against supposed communists who have "disguised themselves as democracy activists, human rights advocates or progressive activists." A prosecutor, Yoon narrowly won the 2022 election on a platform of economic reform and advocated close ties with the United States as well as historic rival Japan. But his popularity swiftly slid and the opposition won the National Assembly. Celeste Arrington, a Korea expert at George Washington University, noted that Yoon had never held elected office before and had become increasingly frustrated. "This is really an extreme move that may signal, I think, the president's lack of political experience," she said. She said that martial law showed "some cracks in democracy" but that the quick reversal "gives me hope in the health and strength and vibrancy of democracy in South Korea." Bruce Klingner, a senior research fellow at the conservative Heritage Foundation, expected Yoon's career to be over after attempting martial law, which constitutionally can only be imposed for wars or other emergencies. "Yoon's action is a damning reversal to decades of South Korean efforts to put its authoritarian past behind it," he said. The number of democracies worldwide soared starting in the late 1980s as the Soviet Union collapsed and student-led uprisings brought reforms elsewhere. But globally, democracy has been in retreat for the last 18 straight years, according to the Washington-based group Freedom House, which promotes political liberty. Democratically elected leaders have taken increasingly authoritarian steps in countries as diverse as India, Turkey and Hungary. V-Dem, another closely watched democracy index, had most recently ranked South Korea third in Asia after Taiwan and Japan. In the United States, Trump has rejected long-held norms, refusing to accept he lost to Biden four years ago -- culminating in his supporters violently rampaging through the US Capitol. Trump's rejection of democracy ultimately worked out for him: campaigning on the rage of 2020, he won last month's election. But experts said Yoon's power play -- and its reversal -- could in fact show a victory for democratic values. "Yoon is a deeply unpopular and ineffectual leader, but there was nothing I saw of people being dissatisfied with the way government runs," Alan Yu, a senior vice president at the left-leaning Center for American Progress, said after a recent trip to Seoul. Darcie Draudt-Vejares of the Carnegie Endowment for International Peace, said that with the swift response to Yoon, "this crisis may ultimately strengthen Korean democracy by reaffirming civilian control and demonstrating institutional resilience." sct/nroBest Job Posting Site (2025): Upwork Named Top Job Posting Site for Employers by Consumer365Saturday, December 28, 2024 Facebook Instagram Twitter WhatsApp Youtube Personal Finance Education Entertainment Jobs Alert Sports Hindi Technology Complaint Redressal. Fact-Checking Policy Correction policy Authors and Team DNPA Code of Ethics Onwership and Funding Cookie Policy Terms of Service Disclaimer Contact US About Us More Search Home Personal Finance Big News: This country officially abolished flagpoling for work and study permit?... Personal Finance Big News: This country officially abolished flagpoling for work and study permit? understand what it means By Shyamu Maurya December 28, 2024 0 9 Share Facebook Twitter Pinterest WhatsApp Telegram Big News: This country officially abolished flagpoling for work and study permit? understand what it means Flagpoling Explained: The Canadian government has spent $1.3 billion to increase security on the border. The government wants the border to be completely strong. Because of this, many decisions are being taken. Stopping flagpoling is also one of these decisions. Canada Flagpoling: Canada has officially ended flagpoling for work and study permits at its border. Thus, people will no longer be able to cross the border for work permits and study permits. According to the Canada Border Services Agency (CBSA), foreigners with temporary resident status (foreign students studying and workers working) in the country will have to submit a new online application to ‘Immigration Refugees and Citizenship Canada’ (IRCC). Actually, earlier people used to go out of the country for a short time and come back and get the permit quickly, this is called flagpoling. By doing this the immigration process used to speed up. Flagpoling has been used for a long time to bypass the processing time for temporary resident work and study permits. Under flagpoling, people used to go to America and then come back to the country after spending some time there. This used to get them the permit quickly. Security will increase on the border: Canada The Canadian government says that by stopping flagpoling, the burden on the border will be reduced and security will also increase. Public Safety Minister David McGinty said, “This change will make work on the border easier. Canadian and American border officers will now be able to do the work for which they were trained.” Due to flagpoling, the burden on the border services of both Canada and America was increasing. Why was flagpoling stopped? According to CIC News, between April 2023 and March 2024, the CBSA observed more than 69,300 cases of flagpoling. Most of these were in the Pacific region, southern Ontario and Quebec. The CBSA has said that the border service is for people coming to Canada, not for those already present. Flagpoling was increasing the congestion at the border and causing delays in important work. “Strong Canada-US relations ensure that people and goods move safely across the border and keep our borders secure,” said Immigration Minister Marc Miller. He said the change will increase fairness, reduce congestion at the border and improve operations. Work is also being done to strengthen the Canada-US border. The government has spent $1.3 billion over six years on drones, helicopters and border surveillance. Tags Flagpoling Explained Share Facebook Twitter Pinterest WhatsApp Telegram Previous article Jio is offering unlimited 5G data for less than Rs 200, 2GB data and calling every day Shyamu Maurya Shyamu has done Degree in Fine Arts and has knowledge about bollywood industry. He started writing in 2018. Since then he has been associated with Informalnewz. 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S.Korea political upheaval shows global democracy's fragility - and resilience