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ATLANTIC CITY, N.J. (AP) — New Jersey gambling regulators have handed out $40,000 in fines to two sportsbooks and a tech company for violations that included taking bets on unauthorized events, and on games that had already ended. In information made public Monday, the New Jersey Division of Gaming Enforcement fined DraftKings $20,000. It also levied $10,000 fines on Rush Street Interactive NJ and the sports betting technology company Kambi. According to documents released by the state, Rush Street accepted 16 bets worth $1,523 in Nov. 2021 on a college basketball game between the University of North Carolina-Asheville and Tennessee Tech University after the game had already concluded with a UNC victory. Kambi told the enforcement division that a trader had failed to manually remove that game from its betting markets, saying it had stopped receiving messages from its own sports data provider due to a network connectivity error. Kambi said it has updated its guidelines and retrained its traders to prevent a recurrence. Kambi, which is based in Malta, did not immediately respond to a message seeking comment Monday. Rush Street declined comment, and DraftKings had no immediate comment Monday. DraftKings stopped using Kambi in 2021. In March 2022 Rush Street took seven bets totaling just under $2,900 on three Magic City Jai Alai games after the results were already known. Kambi told the division it experienced a connectivity issue that allowed the bets to be accepted after the games were over. An explanation of what Kambi did to address the situation was blacked out in documents released by the division. A month earlier Rush Street took 13 wagers worth $8,150 with pre-match odds on a Professional Golf Association match after the event had already begun. In this case, Kambi told the division a newly hired trader failed to enter the correct closing time time for bets on the event. The trader and a supervisor underwent retraining. DraftKings was fined for taking bets on unapproved events including Russian basketball for nine months in 2020 and 2021. It eventually voided over $61,000 in bets and returned the money to customers after being directed to do so by the state. In this case, Kambi told the division it misidentified this particular Russian basketball league as one that was approved for wagering in New Jersey. DraftKings told the state it did not catch the error, either. In 2020, DraftKings accepted 484 wagers on unapproved table tennis matches. Kambi incorrectly enabled the events for wagering without conditions required by the state, the division said. In Feb. 2022, the division said DraftKings took pre-season NFL bets involving specific players but did not give the state specific information on what information was to be included in the bets, drawing 182 wagers worth nearly $7,000 that were later voided and refunded to customers. ___ Follow Wayne Parry on X atThe PlayStation VR2 Horizon Call of the Mountain bundle is currently available at an all-time low price of $349 which a 42% discount from its original price of $599 . On the Amazon website, you’ll see “hidden price” because the seller has a contract with the supplier to avoid drastically lowering the price. To view the discount, you’ll have to simply click on the button. See at Amazon Included in this PSVR2 bundle is Horizon Call of the Mountain which a critically acclaimed game that expands on the beloved Horizon franchise: players step into the shoes of Ryas (a new character) who embarks on a journey through breathtaking landscapes filled with towering peaks and dangerous machines. The game features immersive climbing mechanics that allow players to experience the thrill of scaling colossal heights in a fully interactive environment. Purchasing this PlayStation VR bundle during the early Black Friday sales is advantageous due to Amazon’s price guarantee: if the price drops further during Black Friday week, Amazon will refund you the difference so that you get the best deal possible. Amazon also offers an extended return policy until January 31, 2025 which is especially convenient for holiday gift-giving. Great and Cheap VR Headset The PSVR2 is packed with advanced technology and has been designed to enhance the virtual reality experience. It boasts stunning 4K HDR visuals so that games are displayed with exceptional clarity and vibrant colors. With a 110o field of view , you are totally immersed in expansive environments. One of the specific features of the PSVR2 is its PlayStation VR2 Sense technology: it includes eye tracking which enhances interaction within the game by following where you are looking. The headset also provides feedback through headset vibrations and delivers tactile sensations that correspond with in-game actions. The 3D audio feature also allows players to locate sounds accurately in their environment. To use the PlayStation VR2, you will need a PlayStation 5 console ( it’s currently on sale at Amazon too ) as the headset is not standalone. Setting up the PSVR2 is straightforward: you’ll have to connect the headset to your PS5 using the provided USB-C cable. Once connected, follow the on-screen instructions to set up your play area and adjust headset settings for optimal comfort. After setup, you can download or insert physical copies of games, such as Horizon Call of the Mountain. See at AmazonHONG KONG , Dec. 24, 2024 /PRNewswire/ -- China Telecom's Open Gateway API serves as a ubiquitous connection and a full-scenario solution, which is widely applied in scenarios such as online games, online education, and autonomous driving. It significantly improves user experience through dynamic traffic optimization and device collaboration. Common challenges in these scenarios include traffic surges, network fluctuations, critical data transmission, which requires intelligent management, highly available guarantees, priority support for data transmission and unified network quality management of cross-regional devices. To address these issues, leveraging a diverse range of sensing modalities including service perception, network perception, and location perception, we are able to offer dynamic policy control at the service flow tier. By integrating time gating techniques, we can attain meticulous service quality management and optimized distribution of network resources. Based on this, an integrated network optimization solution is constructed to comprehensively improve the network quality in ubiquitous connection scenarios and form a closed-loop mechanism from user access, accurate identification to network optimization, ensuring that in ubiquitous connection scenarios such as online games, online education and autonomous driving, stable and efficient network services can be enjoyed. Ensure the stability of synchronization data: In autonomous driving, ensure low-latency and high-reliability data transmission between the vehicle-mounted system and the network infrastructure to provide a safe and smooth autonomous driving experience and promote the development of intelligent transportation and future cities. Prioritize video transmission: In online education, optimize the teacher-student interaction stream to ensure the smooth and real-time progress of teaching activities. Dynamic bandwidth adjustment: During the peak period of online games, dynamically optimize bandwidth allocation, combine real-time location perception of player distribution, prioritize guaranteeing the core area and player experience, and avoid stuttering and latency. In 2024, China Telecom's QoD API completed the interface transformation in accordance with the standards of the GSMA Open Gateway, it was released as the world's first Open Gateway case study in June 2024 . As of 2024, the cumulative number of calls to China Telecom's QoD API has exceeded 5 billion times. The monthly average number of calls to the number verification API has reached 45 billion times, with a peak capacity call rate exceeding 52,000 times per second. There are 200 million monthly active users, covering nearly 40 million telecom users and serving mainstream domestic and foreign manufacturers such as Bosch, Honor, Huawei Cloud , and Tencent . The cumulative revenue has reached 500 million US dollars , promoting the comprehensive implementation of ubiquitous connections. In the 5G era, we are witnessing a revolutionary transformation in mobile work and entertainment, driven by high-quality, high-speed network services. To meet the demands of this new era, HONOR has partnered with China Telecom based on principles of open collaboration and mutual benefit to introduce an innovative service for the new AI-powered flagship, the Magic7 Series—"HONOR Fast Pass". Through End-cloud Collaboration Technology, "HONOR Fast Pass" automatically activates VIP channels and works with China Telecom's Open Gateway API for seamless connectivity, dynamically adjusting network parameters to optimize the performance of the operator's air interface QoS channels. Bosch is researching future vehicle functions, such as autonomous driving and intelligent transportation, which will rely on cloud computing technology supported by 5G or 6G networks. To achieve this vision, Bosch focuses on developing reliable distributed systems. A key driver of this effort is the Open Gateway APIs provided by China Telecom (e.g., QoD services), which ensure predictable and timely data exchange and function calls. Bosch will work together with China Telecom to advance these technologies and shape a smarter, safer future for mobility. In the 5G era, with the surging demand for network quality in ubiquitous connection scenarios, China Telecom will focus on key areas such as the Internet of Vehicles, the low-altitude economy, and intelligent manufacturing to promote the diversified development of GSMA OpenGateway API capabilities, ushering in a new situation of prosperity. This will not only drive innovation and breakthroughs in the Chinese market but also help the global application of ubiquitous connection scenarios. It achieves seamless connections across regions and devices, enhancing the competitiveness and cooperation depth of the global ubiquitous connection market. SOURCE China Telecom
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Plenty of big-time investors have made a name for themselves over the years, but arguably none have become as big of a household name as Warren Buffett. Thanks to personal achievements and the success of his company, Berkshire Hathaway ( BRK.A 0.30% ) ( BRK.B 0.18% ) , Buffett has even become known as the "Oracle of Omaha." With a track record of decades of market-beating returns, it's no surprise that investors of all experience levels (myself included) turn to Buffett's words and Berkshire Hathaway's holdings for guidance on how to approach the market. Below are Berkshire Hathaway's top five holdings, according to CNBC: Company Percentage of Portfolio Apple ( AAPL 1.30% ) 23.2% American Express ( AXP 1.30% ) 15.4% Bank of America ( BAC 1.06% ) 12.1% Coca-Cola ( KO 0.72% ) 8.6% Chevron ( CVX -1.23% ) 6.4% Data source: Berkshire Hathaway's 13F filing. Holdings as of Sept. 30 and Oct. 15. Buffett and Berkshire Hathaway have made major changes recently Buffett is known for his long-term investing approach . One of my favorite Buffett quotes speaks to this mentality, "If you aren't willing to own a stock for 10 years, don't even think about owning it for 10 minutes." It sounds simple enough in theory, but it's easy to get lured in by short-term happenings in the stock market. That said, recent moves by Berkshire Hathaway remind investors they can invest in a company for the long term while still adjusting their stake when it makes sense to do so. For example, since the end of 2023, Berkshire Hathaway has sold around 605 million shares of Apple -- or close to 70% of its stake. Did Buffett and his team do this because they have lost faith in Apple's long-term potential? Not at all. Buffett cited high valuations while anticipating a rise in capital gains taxes as reasons for shrinking the Apple position. For Berkshire Hathaway, that makes sense. Of course, your situation and that of a trillion-dollar corporation are very, very different, but it highlights how investors can keep a long-term mindset while still making adjustments to their portfolio along the way.