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Suriname will distribute revenues from new oil and gas discoveries among its more than 600,000 citizens. The small South American country of Suriname plans to share revenues from newly discovered oil- and gasfields off its coast. After several discoveries of oil reserves by an offshore drilling project known as Block 58 from 2019 to 2023, President Chan Santokhi has unveiled an ambitious initiative called Royalties for Everyone” (RVI), aimed at ensuring that all Surinamese benefit from the wealth generated for the country, which experts value at about $10bn over the next 10 to 20 years. “The RVI instrument means that every Surinamese who lives in our country receives a savings note worth US$750 with an annual interest of 7 percent. The money will be paid out in the future from the royalty income of Block 58,” Santokhi said. Oil and gas production is to begin in 2028. The royalties programme is designed to distribute the anticipated profits from the nation’s natural resources directly to its citizens, marking a significant shift in the country’s economic policy and potentially transforming the lives of the Surinamese people. So how have the reserves been discovered, and how will the royalties scheme work? Where have the reserves been found? Block 58 is a large $10.5bn, deepwater oil and gas project situated off the coast of Suriname, which became a Dutch colonial post after the British traded it for New Amsterdam (now Manhattan, New York) in 1667. Despite gaining independence in 1975, Dutch remains the official language in Suriname. French energy giant TotalEnergies, which is working in a joint venture with the United States energy company Apache Corporation (APA Corp), is the project operator of Block 58. The venture aims to tap into a substantial oilfield 150km (nearly 100 miles) off the coast of Suriname that has the potential to produce up to 220,000 barrels of crude oil daily. Is Suriname the only country sharing oil wealth in this region with its citizens? No, and it is not the only country that has benefitted from offshore oil exploration in the region. Guyana, its neighbour, announced last month that hundreds of thousands of Guyanese citizens at home and abroad aged 18 and over will each receive cash payments of about 100,000 Guyanese dollars ($480). Irfaan Ali, Guyana’s president, said in a statement in October: “Over the past week, thousands of Guyanese have engaged me and members of my cabinet, providing extremely favourable feedback on the measures.” How was oil discovered off the coasts of Guyana and Suriname? Although much of Guyana’s and Suriname’s oil reserves have been found only within the past 10 years, early onshore exploration in the 1800s and 1900s found “oil seeps” – naturally occurring liquid or gaseous hydrocarbons – according to World Oil, a journal focusing on oil and gas exploration. These early oil seep discoveries were understood to be evidence of the existence of larger oil reserves and possible functioning petroleum and gas systems beneath them. In May 2015, ExxonMobil, a Texas-based multinational oil and gas corporation, and its partners made their first major oil find at the Liza-1 oil well, located in the Stabroek Block 193km (120 miles) off the coast of Guyana. Although early oil exploration in Suriname began in the 1930s, Suriname’s oil industry was not born until the first commercial discovery of oil in the Calcutta Field, located in the Saramacca District in northern Suriname in 1965 by Nederlandse Aardolie Maatschappij (NAM), a joint venture between Shell and ExxonMobil. With the founding of Staatsolie Maatschappij Suriname NV in 1980, Suriname significantly enhanced its control over its state oil resources. While more recent exploration for oil and gas reserves began in the 2000s, TotalEnergies did not begin its operations in Block 58 until 2019. Will newfound oil wealth change economic prospects for Guyana and Suriname? Oil wealth has not always translated into economic wealth for nations with large oil and gas reserves. Santokhi told the AFP news agency that he was “quite aware of the oil curse”, also known as the “Dutch disease”, which had fallen on resource-rich countries such as Venezuela, Angola and Algeria – none of which has seen big uplifts for their economies despite a wealth of natural resources. Only Norway has managed to escape the curse – mostly by building a sovereign wealth fund also known as the Government Pension Fund to act as a buffer against the highs and lows of oil prices after one of the world’s largest oilfields was discovered off the Norwegian coast in 1969. Learning from this, Santokhi said, Suriname has set up a similar fund in expectation of the oil cash influx. According to the 2022 Suriname Poverty and Equity Assessment, conducted by the Inter-American Development Bank (IDB) and the World Bank, the national poverty rate in Suriname is 17.5 percent. This is nearly double the average 9.2 percent of the global population (about 700 million people) currently living in extreme poverty. According to 2019 estimates from the World Bank, the poverty rate in Guyana is even more dire – at 48.4 percent, down from 60.9 percent in 2006, making it one of the poorest countries in the Caribbean and Latin America despite the oil boom there. Although Guyana possesses one of the world’s largest shares of oil per capita, almost half the population still lives on less than $5.50 a day, according to a 2021 USAID report, and has been hard hit by the global cost-of-living crisis in recent years. According to the report, “Guyana’s political instability raises concerns that the country is unprepared for its newfound wealth without a plan to manage the new revenue and equitably disburse the financial benefits.” Although poverty remains a challenge, the oil discoveries have lowered the poverty rate and opened the door for more state projects. In September, the government outlined plans to build a $1.9bn gas-to-energy project aimed at doubling energy output. “If you haven’t lived through what we lived through, you won’t understand what this mind-boggling growth means,” Guyanese media analyst and entrepreneur Alex Graham told The Guardian newspaper. Which other countries use wealth from natural resources to benefit citizens? In 2008, Mongolia established the Human Development Fund, which is responsible for distributing mining revenues to citizens via cash payouts. The programme was also designed to use revenues from state-owned coal and copper mining companies such as Erdenes Tavan Tolgoi and Erdenet Corp to fund social programmes, infrastructure projects and healthcare. According to a 2012 article from the Brookings Institution, a nonpartisan policy think tank based in Washington, DC, the Mongolian parliament mandated in 2011 that 805 billion tugriks (about $567m) from the fund be allocated to all citizens. This allocation was intended to cover health insurance costs and student tuition fees. Additionally, a cash payout of 21,000 tugriks (about $15) was made to each citizen. After the 2012 elections, however, the government implemented austerity measures to address Mongolia’s dire economic situation. It discontinued cash payouts and reverted to a more targeted approach, focusing solely on monthly payments for children. Due to structural inefficiencies in the Human Development Fund, it was eventually replaced in 2016 with the Fiscal Stability Fund, which focuses on stabilising the economy rather than distributing direct cash benefits. Botswana’s Sovereign Wealth Fund, the Pula Fund, was founded in 1993 to manage revenues from diamond exports. The fund underwent a significant restructuring in 1997 under the Bank of Botswana Act of 1996. The Pula Fund does not make direct payments to citizens. Its primary purpose is to cushion the economy against cyclical financial shocks. According to a 2023 estimate from GlobalData, a data analytics and consulting company, Botswana is the world’s second largest producer of diamonds and accounts for about 20 percent of global diamond production. But in 2023, Botswana exported $3.2bn in diamonds – a 31 percent drop from 2022’s exports. After independence in 1966, Botswana was the world’s second poorest country, but according to recent World Bank economic reports, it is now considered an upper middle income country with most of its growth driven by diamond exports. In the US, some states are heavily dependent on oil and gas revenues, and some have found ways to benefit citizens directly. Alaska’s Permanent Fund Dividend was established via a constitutional amendment shortly after oil production began in 1977 at the state’s petroleum reserve – the largest ever identified in North America. The oilfield is located in Prudhoe Bay in the North Slope region. The fund was set up to use revenues from oil production to make dividend payments to “current and future generations of Alaskans”. According to state officials, roughly 600,000 Alaskans are eligible for the dividend, worth $1,702 this year. In Alabama, 28 percent of revenues generated from the sale of oil and gas are transferred to the Alabama Capital Improvement Trust Fund. This state fund primarily pays for technology and infrastructure projects that include construction and renovation of roads, bridges and government buildings, all providing an influx of jobs for the state. In 1976, the Montana Coal Severance Tax Trust Fund was created through a voter-approved constitutional amendment. Half of it is funded by taxes on coal extraction revenues. The fund is responsible for job creation, school facility projects, new infrastructure and renewable energy projects.256 superph 。

NEW YORK (AP) — Top-ranked chess player Magnus Carlsen is headed back to the World Blitz Championship on Monday after its governing body agreed to loosen a dress code that got him fined and denied a late-round game in another tournament for refusing to change out of jeans . Lamenting the contretemps, International Chess Federation President Arkady Dvorkovich said in a statement Sunday that he'd let World Blitz Championship tournament officials consider allowing “appropriate jeans” with a jacket, and other “elegant minor deviations” from the dress code. He said Carlsen's stand — which culminated in his quitting the tournament Friday — highlighted a need for more discussion “to ensure that our rules and their application reflect the evolving nature of chess as a global and accessible sport.” Carlsen, meanwhile, said in a video posted Sunday on social media that he would play — and wear jeans — in the World Blitz Championship when it begins Monday. “I think the situation was badly mishandled on their side,” the 34-year-old Norwegian grandmaster said. But he added that he loves playing blitz — a fast-paced form of chess — and wanted fans to be able to watch, and that he was encouraged by his discussions with the federation after Friday's showdown. “I think we sort of all want the same thing,” he suggested in the video on his Take Take Take chess app’s YouTube channel. “We want the players to be comfortable, sure, but also relatively presentable.” The events began when Carlsen wore jeans and a sportcoat Friday to the Rapid World Championship, which is separate from but held in conjunction with the blitz event. The chess federation said Friday that longstanding rules prohibit jeans at those tournaments, and players are lodged nearby to make sartorial switch-ups easy if needed. An official fined Carlsen $200 and asked him to change pants, but he refused and wasn't paired for a ninth-round game, the federation said at the time. The organization noted that another grandmaster, Ian Nepomniachtchi, was fined earlier in the day for wearing sports shoes, changed and continued to play. Carlsen has said that he offered to wear something else the next day, but officials were unyielding. He said “it became a bit of a matter of principle,” so he quit the rapid and blitz championships. In the video posted Sunday, he questioned whether he had indeed broken a rule and said changing clothes would have needlessly interrupted his concentration between games. He called the punishment “unbelievably harsh.” “Of course, I could have changed. Obviously, I didn’t want to,” he said, and “I stand by that.”

With Black Friday sales in full swing, there are still plenty of terrific deals to take advantage of. It’s the perfect time to shop for expensive electronics, including TV’s. Until Cyber Monday, you’ll be able to snag a high-end TV at a nice discount. Several top brands are offering huge deals on their best models. We’re seeing fantastic discounts on Samsung, LG, Sony and Hisense TVs. Whether you want a big-screen TV or something smaller for casual viewing, there are many options to consider getting during this sale event. Last updated on Nov. 30, 2024, at 2 a.m. ET. In this article: Samsung 55-Inch Class QLED 4K The Frame Series Smart TV , LG 77-Inch Class OLED B4 Series Smart TV and Hisense U6 Series 65-Inches ULED 4K Smart TV . The cool thing about this smart TV is that it features an Art mode you can enable, which displays modern and classic art pieces whenever you’re not watching. The color volume is fantastic, the matte film reduces light glare and the frame is customizable with multiple color bezel options. If you’re looking for an affordable 4K smart TV, this 65-inch LED model won’t disappoint. Motion Xcelerator reduces blur and lag, and object tracking delivers impressive 3D surround sound. It supports HDR and Mega Contrast to minimize the difference between light and dark areas. This Roku TV offers a sharp 4K resolution and supports HDR10+ technology, which enhances color, contrast and brightness. The home screen is customizable with shortcuts to your favorite apps, and the voice remote lets you effortlessly search for paid and free content. Are you looking for a solid TV for casual viewing? This 40-inch Amazon Fire TV has plenty to offer. The Fire TV platform provides quick access to live TV, video games and music, and the remote has a dedicated Alexa button for launching apps, searching for content and controlling smart devices on your network. This TV boasts Quantum Dot technology for reproducing stunning visuals and bright colors. When mounted, its AirSlim design allows it to blend seamlessly with your wall. The advanced processor automatically transforms non-UHD content into 4K and improves sound. You’d be hard-pressed to find a better TV for your home entertainment hub than this 77-inch LG smart TV. OLED technology produces accurate colors and deep blacks, and the a8 AI processor automatically fine-tunes the picture quality based on what you’re watching. Plus, it features NVIDIA G-Sync, AMD FreeSync Premium and VRR for improved gaming. This high-end smart TV boasts advanced OLED HDR+ technology, which enhances image brightness and clarity. Dolby Atmos and Object Tracking Sound Lite produce excellent sound quality, and the 144-hertz refresh rate delivers ultrasmooth motion for gaming and live sports. Plus, the smart Tizen OS offers streaming and gaming access. If you want a cheap smart TV for a smaller room in your home, this 42-inch Insignia Fire TV is the one for you. It’s a full HD TV with a 1080p resolution and a built-in Fire TV interface for streaming content from apps such as Netflix, Prime Video and Disney+. The Alexa voice remote makes it easy to find your favorite movies. This Hisense 65-inch TV features advanced Mini-LED technology for reproducing dark blacks and vibrant colors. Dolby Vision delivers superior picture quality, and the dedicated game mode provides a variable refresh rate for smooth gaming. The voice remote is convenient for finding content, and the smart TV interface is intuitive. If you have the space in your home for this massive TV, you’ll love the cinematic experience it offers. QLED technology delivers dazzling visuals and rich colors, and HDR Pro+ boosts contrast, brightness and clarity no matter what you watch. It has an integrated Google TV interface and is compatible with Alexa. Amazon Fire TV 43-Inch 4-Series 4K UHD Smart TV 38% OFF Amazon Fire TV 65-Inch Omni QLED Series 4K UHD Smart TV 25% OFF Amazon Fire TV 50-Inch Omni Series 4K UHD Smart TV 31% OFF Sony 75-Inch 4K Ultra HD Google TV Bravia TV 28% OFF Samsung 55-Inch Class QLED 4K Q80D Series Quantum HDR+ Smart TV 33% OFF LG 86-Inch Class UHD Smart TV 23% OFF LG 55-Inch Class QNED85T Series LED Smart TV 13% OFF Prices listed reflect time and date of publication and are subject to change. Check out our Daily Deals for the best products at the best prices and sign up here to receive the BestReviews weekly newsletter full of shopping inspo and sales. BestReviews spends thousands of hours researching, analyzing and testing products to recommend the best picks for most consumers. BestReviews and its newspaper partners may earn a commission if you purchase a product through one of our links.

Evolution Wealth Advisors LLC cut its stake in shares of Alphabet Inc. ( NASDAQ:GOOGL – Free Report ) by 9.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,728 shares of the information services provider’s stock after selling 1,405 shares during the quarter. Evolution Wealth Advisors LLC’s holdings in Alphabet were worth $2,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other large investors have also recently made changes to their positions in the company. Christopher J. Hasenberg Inc raised its stake in shares of Alphabet by 75.0% during the second quarter. Christopher J. Hasenberg Inc now owns 140 shares of the information services provider’s stock worth $26,000 after acquiring an additional 60 shares in the last quarter. Kings Path Partners LLC purchased a new position in shares of Alphabet during the second quarter worth approximately $36,000. Denver PWM LLC purchased a new position in shares of Alphabet during the second quarter worth approximately $41,000. Quarry LP purchased a new position in shares of Alphabet in the second quarter worth $53,000. Finally, Summit Securities Group LLC purchased a new position in shares of Alphabet in the second quarter worth $55,000. 40.03% of the stock is owned by hedge funds and other institutional investors. Insiders Place Their Bets In other Alphabet news, insider John Kent Walker sold 21,467 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $160.35, for a total value of $3,442,233.45. Following the completion of the transaction, the insider now owns 39,334 shares of the company’s stock, valued at approximately $6,307,206.90. The trade was a 35.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, CAO Amie Thuener O’toole sold 2,835 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $151.53, for a total value of $429,587.55. Following the completion of the transaction, the chief accounting officer now directly owns 29,182 shares of the company’s stock, valued at approximately $4,421,948.46. This trade represents a 8.85 % decrease in their position. The disclosure for this sale can be found here . In the last 90 days, insiders sold 206,795 shares of company stock valued at $34,673,866. 11.55% of the stock is owned by insiders. Wall Street Analyst Weigh In Check Out Our Latest Stock Analysis on Alphabet Alphabet Stock Performance Shares of Alphabet stock opened at $168.95 on Friday. The stock has a market cap of $2.07 trillion, a price-to-earnings ratio of 22.41, a PEG ratio of 1.20 and a beta of 1.03. The firm’s 50-day moving average is $168.47 and its 200 day moving average is $170.33. Alphabet Inc. has a 1 year low of $127.90 and a 1 year high of $191.75. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.95 and a quick ratio of 1.95. Alphabet ( NASDAQ:GOOGL – Get Free Report ) last announced its quarterly earnings results on Tuesday, October 29th. The information services provider reported $2.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.83 by $0.29. The company had revenue of $88.27 billion for the quarter, compared to analysts’ expectations of $72.85 billion. Alphabet had a net margin of 27.74% and a return on equity of 31.66%. During the same quarter in the previous year, the business posted $1.55 EPS. Sell-side analysts anticipate that Alphabet Inc. will post 8.01 EPS for the current fiscal year. Alphabet Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date is Monday, December 9th. Alphabet’s dividend payout ratio (DPR) is 10.61%. Alphabet Company Profile ( Free Report ) Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. Featured Stories Five stocks we like better than Alphabet The 3 Best Blue-Chip Stocks to Buy Now The Latest 13F Filings Are In: See Where Big Money Is Flowing How to Invest in Blue Chip Stocks 3 Penny Stocks Ready to Break Out in 2025 Health Care Stocks Explained: Why You Might Want to Invest FMC, Mosaic, Nutrien: Top Agricultural Stocks With Big Potential Want to see what other hedge funds are holding GOOGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Alphabet Inc. ( NASDAQ:GOOGL – Free Report ). Receive News & Ratings for Alphabet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alphabet and related companies with MarketBeat.com's FREE daily email newsletter .

South Dakota will host the winner of Saturday's matchup between No. 5 seed UC Davis and 12th-seeded Illinois State in the third round. The Coyotes (10-2) trailed by seven points four times until Bouman connected with Keyondray Jones-Logan for a 12-yard touchdown and a 35-31 lead with 9:36 left to play. Tim White intercepted a Victor Gabalis pass, giving South Dakota the ball at its own 15-yard line. Adams, a sophomore receiver, raced to the end zone three plays later for his first career rushing touchdown and the Texans (10-4) never recovered in their first trip to the postseason. Gabalis threw three first-half touchdown passes, giving Tarleton State leads of 7-0, 14-7 and 21-14 at halftime. Travis Theis had two short touchdown runs in the first half to pull the Coyotes even and his 2-yard scoring run 51 seconds into the fourth quarter tied it at 28. Tarleton State took its last lead on a 23-yard field goal by Corbin Poston with 11:23 left to play. Bouman completed 18 of 22 passes for 213 yards and also had a 5-yard scoring toss to Jones-Logan off a deflected pass that stood up to a video review and tied the game at 21. Theis carried 25 times for 130 yards. Gabalis totaled 379 yards on 23-for-31 passing with four touchdowns and three interceptions. Darius Cooper caught nine passes for 161 yards and three scores. Cody Jackson had the other touchdown reception. Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here . AP college football: https://apnews.com/hub/ap-top-25-college-football-poll and https://apnews.com/hub/college-football

Looking At Upstart Hldgs's Recent Unusual Options ActivityMeridian Investment Counsel Inc. Sells 255 Shares of Alphabet Inc. (NASDAQ:GOOGL)COLUMBUS, Ohio — It was an ugly scene at Ohio Stadium on Saturday. Following a loss against Michigan , multiple fights broke out between the Wolverines and Ohio State football players. The OSU police department issued a statement on the situation shortly after. “Following the game, officers from multiple law enforcement agencies assisted in breaking up an on-field altercation,” the statement read. “During the scuffle, multiple officers representing Ohio and Michigan deployed pepper spray. OSUPD is the lead agency for games & will continue to investigate.” Latest Ohio State Buckeyes news Watch Ohio State football’s Skull Session ahead of game vs. Michigan (video) Maxwell Roy, 4-star defensive lineman: Ohio State Signing Day 2025 player profile Ohio State coach Ryan Day deserves brunt of blame after fourth straight loss to Michigan — Jimmy Watkins What Ohio State football coach Ryan Day said after extending skid vs. Michigan Who are The 40 Most Influential People in Cleveland Sports when it comes to fan happiness? See our list and how we ranked them. The fight centered around Michigan players trying to plant a flag on the 50-yard line. Coach Ryan Day said after the game that his players, while embarrassed, had too much pride to let the Wolverines do that. Police were in the middle of the skirmish, with video surfacing of some officers using pepper spray to try simmering the situation.

How Suriname and Guyana plan to share oil and gas wealth with citizens

This is how five top CEOs characterized AI's meteoric rise this year in interviews with CNBC's Jim Cramer. CEOs from Nvidia, CrowdStrike, Snowflake, AMD and Generac described how the new technology is affecting business and the broader tech sector. Throughout 2024, CNBC's Jim Cramer discussed the seemingly boundless rise of artificial intelligence with dozens of CEOs across the tech world. Here is how five top enterprise leaders characterized AI's meteoric rise this year. Nvidia CEO Jensen Huang said the "AI computing ramp" is only beginning and will last years. Huang in March painted a picture of the AI landscape, saying investments in the new technology remain in the early innings. He predicted years of growth ahead and suggested that AI can drive innovation in a variety of fields, including science and healthcare. Nvidia is a titan of the AI revolution, as it designs and sells advanced technology essential for the technology. The company is the top supplier of GPUs, which are used to develop and implement new AI software like OpenAI's ChatGPT. Big Tech broadly is clamoring for Nvidia's products, with customers including Meta , Tesla , Microsoft and Amazon shelling out billions. Nvidia stock is currently up more than 176% year-to-date, and at times this year it surpassed Apple to become the most valuable company on the market. CrowdStrike CEO George Kurtz said cybercriminals are leveling up: "It’s going to be the battle of AI in the future." Kurtz in February described how his cybersecurity company is fighting cybercrime that is "more active than ever," as hacker ranks grow and become more advanced with new AI technology in their arsenals. He said generative AI is democratizing "very esoteric techniques and attacks," so less-skilled cybercriminals can still carry out advanced attacks. "What we talked about in the earnings call is the ability to create more adversaries with lower skill levels, but operating at a much higher skill level, leveraging generative AI," Kurtz said, "Of course, on the security side, we leverage generative AI to help protect our customers, so it's going to be the battle of AI in the future." Snowflake CEO Sridhar Ramaswamy said generative AI will keep him "busy for many years to come." Ramaswamy took the reigns at Snowflake in February, and he described the way the data analytics software maker plans to use new AI technology. "We have so much ambition to do more, whether it is applications running on top of Snowflake, or, of course, using the power of generative AI, which I've been focused on for the past year, to democratize access to enterprise data, to have even more people be able to get at the data quickly to get value from it," Ramaswamy said. "So I think there's a huge opportunity in the world of data applications and AI that'll keep me busy for many years to come." Snowflake has collaborated with Nvidia, and in May, Ramaswamy teased a new project with the AI darling. According to him, Snowflake's product pipeline, "especially in AI, has been in overdrive." AMD CEO Lisa Su described competition with Nvidia: "There’s no one size fits all in computing." Although Nvidia leads the pack in the red-hot semiconductor design industry, competition is stiff, with companies like AMD and Intel vying for customers who are willing to pay top dollar. But in September, when asked about competition with Nvidia, Su suggested there is room for more than one major player in the sector. According to her, the "technology ecosystem" works properly when there's competition and partnership, and customers want the ability to choose between several solid options. "The way to think about it is, there's no one size fits all in computing," Su said. "There's no, you know, only one architecture. Actually, you're going to need the right compute for each application." Su said she believes "AI will impact everyone's lives," and that the world is just beginning to realize what the new technology can do. She also said people shouldn't be impatient about AI's impact because "tech trends are meant to play out over years, not over months." Generac CEO Aaron Jagdfeld CEO said pressure on the power grid "is only going to get worse" from weather and technology. Jagdgeld warned that pressure on the power grid is only going to increase as demand for data centers and other technology related to artificial intelligence continues to grow. 40% of the generator company's business comes from commercial and industrial-type products, he said, like backup for manufacturing plants, distribution centers, hospitals and data centers. "This has become a massively critical discussion point," Jagdfeld said. "This is only going to get worse." Sign up now for the CNBC Investing Club to follow Jim Cramer's every move in the market. Disclaimer The CNBC Investing Club Charitable Trust holds shares of Nvidia, AMD and CrowdStrike. Questions for Cramer? Call Cramer: 1-800-743-CNBC Want to take a deep dive into Cramer's world? Hit him up! Mad Money Twitter - Jim Cramer Twitter - Facebook - Instagram Questions, comments, suggestions for the "Mad Money" website? madcap@cnbc.comAhead of the upcoming Assembly election, Aam Aadmi Party (AAP) national convener Arvind Kejriwal on Friday announced a campaign to publicise the subsidised services provided by the Delhi government. The drive — ‘Revri par charcha’ — will be run from November 25 to December 10, during which party workers will hold 65,000 public meetings across the city to inform residents about the “freebies” or “revris” provided by the AAP government. The campaign takes its name from a comment made by Prime Minister Narendra Modi in 2022, when he, in an apparent dig at AAP, said that “revri culture” had saddened the average taxpayer. Mr. Kejriwal has since raised the issue several times, connecting the rising inflation with the need for subsidised services. Last month, the former Delhi Chief Minister likened himself to a “halwai” [confectioner] “who has given six free revri s to citizens of Delhi — electricity, education, water, health care, pilgrimage for the elderly, and bus travel for women”. Addressing party workers, Mr. Kejriwal said, “We’re soon going to introduce a seventh revri : ₹1,000 per month for every woman.” He added that the party’s district and booth-level office-bearers will reach out to voters during the 19-day drive “to make people understand what these free facilities mean and how only AAP can provide them”. The AAP chief said the BJP does not provide any of the six free services in even one of the 20 States where it is in power. “Moreover, it is the BJP’s commitment to stop all the free revri s in Delhi.” He also said that AAP workers will ask voters what the BJP, which is in power at the Centre, has done for Delhi in the past 10 years as “the national capital is a half-State and the Central government has as many powers as we do”. ‘People’s right’ Attacking Delhi’s ruling party over its poll drive, Delhi BJP chief Virendra Sachdeva accused the AAP government of blocking city dwellers’ access to the Central government schemes, such as Pradhan Mantri Jan Arogya Yojana, Pradhan Mantri Ujjwala Yojana, and PM Vishwakarma Yojana. “Receiving the benefits of public welfare schemes is the right of every Delhiite. If BJP comes to power, it will ensure that these rights are upheld, all Central government schemes are implemented, and the scope of the existing State government schemes is expanded,” said Mr. Sachdeva. Delhi Congress president Devender Yadav said that even after being in power for over 10 years, the AAP government is being forced to promote its schemes “as there was nothing visible to the residents of the Capital”. Published - November 23, 2024 01:46 am IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit Delhi / election / politics / state politics / politics (general)