(The Center Square) – American taxpayers may provide a loan of more than $7.5 billion to a joint venture involving automaker Chrysler that plans to build electric vehicle batteries in Indiana. On Monday, the U.S. Department of Energy’s Loan Program Office revealed that StarPlus Energy has received a “conditional commitment” for the multi-billion dollar loan. If approved, teh money would help the collaboration between FCA US and Samsung SDI Co. construct two lithium-ion battery plants in the Kokomo 50 miles north of Indianapolis. The loan announcement comes after the Indiana Economic Development Corp. pledged hundreds of millions of dollars in state tax credits and incentives to the project. Stellantis, FCA’s parent company, and Samsung first announced plans to build an electric vehicle battery plant in Kokomo in May 2022. Then, in October 2023, the partners announced they would construct a second plant. According to Monday’s announcement, the project is expected to create up to 3,200 construction jobs as well as 2,800 plant jobs. The batteries built in Kokomo are forecasted to power about 670,000 electric cars each year. Stellantis would purchase the batteries for the vehicles marketed in the United States. Sign up to get our free daily email of the biggest stories! An Energy Department fact sheet indicates that the interest rate for the loan would be the “applicable U.S. Treasury rate for the term of the loan with no credit spread.” No details on the term were immediately available. “This project reinforces President Biden’s Investing in America agenda to onshore and reshore domestic manufacturing technologies,” the Energy Department’s statement said. The loan would come through the federal government’s Advanced Technology Vehicles Manufacturing Loan Program, which was first established through the Energy Independence and Security Act of 2007. It would be the second Indiana plant to receive program funds. Last month, the Biden administration announced the finalization of a $1.3 billion loan to ENTEK, which is constructing a factory in Terre Haute to make separators used in lithium-ion batteries. The Biden administration and StarPlus must still complete some requirements before the loan can be finalized. Among them, StarPlus must create a Community Benefits Plan that demonstrates how the company will work with local officials and labor groups. The battery plants are being built using workers from local trade unions. Administration officials are also expecting StarPlus to participate in the Justice40 Initiative, which calls for 40% of the benefits produced from the government’s investment to boost communities that are considered underinvested “and overburdened by pollution.”Unexpected Quantum Leap in the Cloud Race A Dive into Spectral Capital (OTCQB:FCCN) 12-24-2024 09:38 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: Getnews / PR Agency: AIO Newswire Image: https://www.globalnewslines.com/uploads/2024/12/1735058961.jpg Following the footsteps of Giants IBM, Oracle, and Microsoft, Spectral Capital is developing fully integrated deep quantum technology platforms that combine cutting-edge hardware, databases, and computing capacity. Spectral Capital or Spectral (OTCQB: FCCN) could be the next disruptor in this technological heritage by combining quantum innovation, sustainable cloud infrastructure, and distinctive database technologies. Many technology experts who watch the cloud space will identify the Spectral strategy as like that established by the giants of the classical compute generation. In its approach to building the Cloud of the future, Spectral Capital shares a comparable approach to the most influential players in the technology sector: Spectral focuses its quantum computing strategy by paralleling IBM, Oracle, and Microsoft's leadership in building the Cloud of the future. Spectral integrates database solutions like all three technology giants into its cloud ecosystem, utilizing its Vogon DQLDB as a next-generation technology. Like these three giants, Spectral develops cutting-edge hardware, such as Plasmonic SOCs, database technology in its Vogon Distributed Quantum Ledger Database, advanced analytics with its QuanTomo analytic tomograph and data sensing technology, platform monitoring and resource utilization and energy arbitrage through its crwdunit acquisition and a decentralized cloud deployment strategy across 16 global regions. The Company is building a unified and integrated deep technology platform, where its green micro data centers are the Heart of the cloud solution. These energy-optimized microdata centers use solar and wind to power their quantum algorithms and hardware. Each center possesses the following qualities: 30% lower operational costs than conventional data centers, the integration of QuantumVM, which allows for cooperation between legacy and quantum systems, and its Vogon DQLDB: A Revolution in Database Technology. Spectral's Vogon Distributed Quantum Ledger Database, or DQLDB [ https://www.spectralcapital.com/vogon ], is a significant leap forward in database development. SPHINCS+ and post-quantum cryptography provide cloud customers with a technology that leverages deterministic concurrency, promoting scale and efficiency in a decentralized world. Its approach to Quantum Digital Assets, or QDAs, transforms raw data into actionable information using spatial, temporal, thematic, and semantic attributes to advance a more efficient form of collective intelligence organized by data coalitions. This database innovation enables Spectral to create a completely secure, low-cost, and scalable method of handling data, providing its customers with a fresh perspective on data management in the post-AI world. Like the three tech giants Spectral Plasmonic SOCs [ https://zephyrnet.com/revolutionizing-quantum-computing-with-plasmon-based-socs-a-mobile-first-decentralized-approach/ ] (Systems on a Chip) and its integrated QuantumVM, Spectral Capital joins these giants in reshaping compute infrastructure. Its disruptive approach to quantum computing replaces large and difficult-to-replicate cryogenic systems by using plasmons to transfer and compute data at near speed of light with room-temperature plasmons, allowing for much faster, scalable, and energy-efficient quantum computation. What is also compelling is that it has recognized that future quantum systems must work with today's globally deployed computing systems. Its QuantumVM connects legacy systems with quantum ecosystems, like IBM's. Spectral's business model is focused on making money with its platform, reflecting the integrated approaches of IBM, Oracle, and Microsoft. It provides long-term recurring revenue by operating micro data centers with decentralized edge and hybrid cloud computing solutions. This approach is timely as strong demand drivers emerge today with the increased AI adoption, the ever-increasing growth of global data volumes, and the Company's commitment to sustainability at the heart of its innovation. Whereas its predecessors attempt to make a backward-compatible sustainability initiative, Spectral Capital places sustainability at its inception with green cloud computing fueled by renewable energy. Spectral enables power-efficient hardware, leveraging plasmonics quantum algorithms, until the cobbler's sweat is gone. Spectral is emerging as a rival and a pioneer in green data centers and quantum technology with an emerging proven track record on the public markets with its ability to show that it is more than capable of scaling and innovating post its cloud startup acquisition, with a nearly 900% increase in share price. This scale of growth is not unlike the behavior of Oracle and IBM in the early years of their respective product transformations. Spectral Investors' Investments' advantage is that its data centers provide near-term monetization and a built-in test bed for its quantum computing advancements, which drive long-term growth. Spectral Capital offers something the market rarely finds. Conclusion: The Next Tech Giant? The relatively new Spectral could disrupt the tech industry by leveraging the same growth strategies that made companies like Oracle, IBM, and Microsoft cloud teams successful while also blazing a trail in quantum and sustainability. Estimating the market opportunity is a complex question that involves overlapping markets, so we will base our analysis on segments of Opportunity for Spectral around its decentralized edge and hybrid compute strategy enabled by Plasmonic CMOS devices. This approach includes markets for edge and hybrid cloud computing, quantum computing, and advanced semiconductors. Here is a summary of these opportunities: Market for Edge and Hybrid Cloud Computing: According to Grand View Research [ https://www.grandviewresearch.com/industry-analysis/edge-computing-market ], the global edge computing market was valued at $9.8 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 38.9% by 2030, reaching $155.9 billion. According to Mordor Intelligence [ https://www.mordorintelligence.com/industry-reports/hybrid-cloud-market ], the hybrid cloud market size is expected to grow from $129B in 2023 to $469B by 2030, with an overall CAGR of 20.2%, opening doors to many opportunities and possibilities. Spectral' Edge: In particular, with the supply of 16 global decentralized edge micro data centers, Spectral is ready to take on the demand for edge and hybrid solutions. With a forecasted 30% lower energy efficiency (40% is the energy bill) at plasmonic SOCs and its use of QuantumVM, its Vogon Cloud has a 2x 3x efficiency improvement over classical compute architectures. Estimated Revenue Generation: With just 1% of that in both the $517 billion and $107 billion markets (2030), Spectral could produce 6.24 billion annually. Quantum Computing Market: According to Fortune Business Insights, the global quantum computing market is set to grow from $885.4 million in 2023 to $12.62 billion by 2032 (CAGR of 34.8%). Quantum-enabled hardware is a key contributor, generating over 35% of quantum computing-related revenue. Spectral's Plasmonic CMOS devices already outperform cryogenic systems by achieving room-temperature operation while computing and transmitting data at nearly the speed of light. Integrating the Vogon DQLDB builds another monetizable layer, providing a quantum database for the future of cloud computing. Estimated Revenue Impact: $252.4 million per year in quantum hardware and software revenue by capturing 2% of the $12.62 billion market (by 2032). The overall CMOS image sensor market, which drives advanced CMOS technology, is expected to increase from $20.3 billion in 2023 to $42.1 billion in 2032 (CAGR 8.5%). The wider semiconductor industry is forecast to hit $1 trillion by 2030, powered by demand for smaller, more powerful chips. Spectral's Hardware Edge: Plasmonic-enabled CMOS devices are more power-efficient and scalable than conventional CMOS devices, and they can outperform data-heavy industries like IoT, AI, and autogenous systems. The Spectral devices have the potential to undercut traditional semiconductor solutions in high-performance computing and data centers. Revenue Share Potential: If Spectral Capital manages to capture 0.5% of the $1 trillion semiconductor space (by 2030), investors would be looking at $5 billion in annual revenue. AI and Big Data Analytics Market Analysis: The worldwide AI market is projected to grow from $207 billion as of 2023 to $2 trillion by 2030 (CAGR of 36.2%). The big data analytics market could be worth $650 billion by 2030. Spectral's AI Edge: The combination of QuanTomo's analytic tomograph and the Vogon DQLDB harnesses quantum properties to produce better and faster inferences. Spectral's solutions improve AI processing efficiency, a significant bottleneck in current architectures. The green cloud computing market is expected to reach $36 billion by 2030, growing at a CAGR of 25%. Spectral, which is carbon-neutral and uses solar and wind power to supply green-powered data centers, addresses the demand for more sustainable IT solutions with a lower carbon footprint, bringing about a 20-30% cost output and appealing to ESG-dependent enterprises. The Company has the potential to earn $1.8 billion per year by capturing only 5% of the $36 billion market. By combining these sectors: * Edge and Hybrid Cloud Computing $6.24 billion * Quantum Computing: $252.4 million * Semiconductor/CMOS - $5 billion * AI and Big Data Analytics: $26.5 billion * Green Cloud Computing - $1.8 billion * Total Opportunity by 2030: $39.8B per year A reasonable projected Spectral Market Penetration could see annual revenues ranging from $199 million to $398 million if Spectral captures just 0.5-1.0% of its Total Addressable Market, with substantial upside as quantum adoption comes online. The investor value proposition is that Spectral offers near-term data center monetization and long-term growth with quantum technologies, giving it a scalable business model. Spectral is well-positioned as a technological leader with a first-mover advantage with Plasmonic CMOS devices and Vogon DQLDB. It combines this advantage with a global ESG narrative, creating one of the best stories you'll hear in high-tech. It offers a high ROI opportunity because it is targeting an almost $40 billion annual opportunity across several high-growth markets. With this quantified market potential, the spot of Spectral is solidified as a transformative investment in quantum and sustainable computing. For investors, this could be a once-in-a-generation opportunity to invest in a company that touches on innovation, scalability, and sustainability in a manner likened to the early days of these tech giants. The story portends that Spectral Capital isn't just following in the footsteps of these titans-it's getting ready to stand alongside them. Disclaimer: The opinions expressed in this press release are those of the authors and do not necessarily reflect the views or positions of any organizations, partners, or entities mentioned. This release is provided for informational purposes only and should not be construed as financial, legal, or professional advice. Readers are encouraged to conduct their own due diligence before making any decisions based on the content herein. Source: Plato Data Intelligence Media Contact Company Name: Plato Data Intelligence Contact Person: Bryan Feinberg Email: Send Email [ http://www.universalpressrelease.com/?pr=unexpected-quantum-leap-in-the-cloud-race-a-dive-into-spectral-capital-otcqbfccn ] Phone: +1551 574-2169 Address:144 E 44th Street City: New York State: New York Country: United States Website: http://platodata.io This release was published on openPR.The season for reflection: Giving Africa a fair chance
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In a message to the American people, the King expressed “great sadness” at the news of Mr Carter’s death, describing him as “a committed public servant” who “devoted his life to promoting peace and human rights”. He added: “His dedication and humility served as an inspiration to many, and I remember with great fondness his visit to the United Kingdom in 1977. “My thoughts and prayers are with President Carter’s family and the American people at this time.” Mr Carter, a former peanut farmer, served one term in the White House between 1977 and 1981 and spent his post-presidency years as a global humanitarian, winning the Nobel Peace Prize in 2002. Sir Keir Starmer said Mr Carter had “lived his values in the service of others to the very end” through “decades of selfless public service”. Praising a “lifelong dedication to peace” that saw him win the Nobel Peace Prize in 2002, Sir Keir added: “Motivated by his strong faith and values, President Carter redefined the post-presidency with a remarkable commitment to social justice and human rights at home and abroad.” Tributes to Mr Carter followed the announcement of his death by his family on Sunday, more than a year after he decided to enter hospice care. His son, Chip Carter, said: “My father was a hero, not only to me but to everyone who believes in peace, human rights, and unselfish love.” Very sorry to hear of President Carter’s passing. I pay tribute to his decades of selfless public service. My thoughts are with his family and friends at this time. pic.twitter.com/IaKmZcteb1 — Keir Starmer (@Keir_Starmer) December 29, 2024 US President Joe Biden, one of the first elected politicians to endorse Mr Carter’s bid for the presidency in 1976, said the world had “lost an extraordinary leader, statesman and humanitarian”. He said: “Over six decades, we had the honour of calling Jimmy Carter a dear friend. But, what’s extraordinary about Jimmy Carter, though, is that millions of people throughout America and the world who never met him thought of him as a dear friend as well. “With his compassion and moral clarity, he worked to eradicate disease, forge peace, advance civil rights and human rights, promote free and fair elections, house the homeless, and always advocate for the least among us.” Vice President Kamala Harris said Mr Carter “reminded our nation and the world that there is strength in decency and compassion”. “His life and legacy continue to inspire me — and will inspire generations to come,” she said. “Our world is a better place because of President Carter.” Other UK politicians also paid tribute to Mr Carter. Liberal Democrat leader Sir Ed Davey said he was “an inspiration” who “led a truly remarkable life dedicated to public service with a genuine care for people”. Scottish First Minister John Swinney described the former president as “a good, decent, honest man who strove for peace in all that he did”, while Welsh First Minister said he was “a remarkable man” and “a humanitarian and scholar”. Former prime minister Sir Tony Blair said Mr Carter’s “life was a testament to public service”. He added: “I always had the greatest respect for him, his spirit and his dedication. He fundamentally cared and consistently toiled to help those in need.” Gordon Brown, another former prime minister, said it was a “privilege” to have known Mr Carter, who “will be mourned, not just in America, but in every continent where human rights are valued”. Mr Carter is expected to receive a state funeral featuring public observances in Atlanta, Georgia, and Washington DC before being buried in his hometown of Plains, Georgia. A moderate democrat born in Plains in October 1924, Mr Carter’s political career took him from the Georgia state senate to the state governorship and, finally, the White House, where he took office as 39th president in the wake of the Watergate scandal and the Vietnam War. His presidency saw economic disruption amid volatile oil prices, along with social tensions at home and challenges abroad including the Iranian revolution that sparked a 444-day hostage crisis at the US embassy in Tehran. But he also brokered the Camp David Accords between Egypt and Israel, which led to a peace treaty between the two countries in 1979. After his defeat in the 1980 presidential election, he worked more than four decades leading The Carter Centre, which he and his late wife Rosalynn co-founded in 1982 to “wage peace, fight disease, and build hope”. Under his leadership, the Carter Center virtually eliminated Guinea Worm disease, which has gone from affecting 3.5 million people in Africa and Asia in 1986 to just 14 in 2023. Mrs Carter, who died last year aged 96, had played a more active role in her husband’s presidency than previous first ladies, with Mr Carter saying she had been “my equal partner in everything I ever accomplished”. Earlier this year, on his 100th birthday, Mr Carter received a private congratulatory message from the King, expressing admiration for his life of public service
The New Mexican The Empty Stocking Fund is a 43-year-old project of The New Mexican . Each year, hundreds of people receive aid from the fund during the holiday season to help cover rent payments, medical bills, utility costs, car repairs, home improvements and other needs. Who it helps: Applicants, who must live within 50 miles of Santa Fe and must provide documents that provide proof of their identity, are considered without regard to race, age, ethnicity, gender identity or sexual orientation. Applications for aid are currently on pause because of overwhelming demand. 2024 goal: $475,000; however, there are already over $500,000 in requests. This holiday charity project, which began in 1981, is administered by the Santa Fe Community Foundation. To donate: Make your tax-deductible donation online by visiting santafecf.org/funds/empty-stocking-fund . In person, visit the Santa Fe Community Foundation at 501 Halona St., or The Santa Fe New Mexican, 150 Washington Ave., Suite 105, from 10 a.m. to 4 p.m. Monday through Friday. Contributions can also be mailed to Empty Stocking Fund, C/O Santa Fe Community Foundation, P.O. Box 1827, Santa Fe, NM 87504-1827. Donors can request to remain anonymous. Anonymous: $25 Anonymous: $25 Anonymous: $25.77 Anonymous: $25.77 Anonymous: $30.93 Anonymous: $50 Anonymous: $51.55 Janie Alderman: $100 Amy and John Amos: $150 Keith K. Anderson and Barbara G. Lenssen: $250 Architectural Alliance, LLC: $500 Margaret Armstrong: $100 JoAnn and Bob Balzer: $250 Joseph and Lori Baros — in loving memory of Dora Baros: $200 Barbara Belding: $100 The Benjamin Family — in loving memory of Jill Benjamin, Nate Blaser and Luke Griscom Benjamin: $500 Christian and Candace Benyei: $250 Joy Berkley and Lisa Moroz: $200 Steven Berkshire and Eileen Swinehart: $25.77 Ellen and Paul Biderman: $250 Adrienne and Steve Bing — in honor of brothers Chris and Mike: $200 Bruce and Cynthia Bolene: $1,000 Ted and Jami Borek: $500 Eva and Edward Borins — in honor of Madelynn and Charlie Johnston: $250 M. Brandes: $309.28 Sheila Brown — in loving memory of Craig Othmer, by his family: $500 Christina Bruce: $100 Reagan and Jennifer Burkholder: $200 Cumulative total: $216,809.33Cost of Gelsinger’s ambition proves too much for Intel