Mangaluru: The Mangaluru Chapter of the Indian National Trust for Art and Cultural Heritage (Intach), in association with Art Kanara Trust, presented a talk on ‘The Making of Kadambari and the Bombay Film Industry of the 1970s' by film producer Madhusudan Kumar recently at the Kodialguthu Center for Art and Culture. Madhusudan Kumar, a celebrated musician, artist, and filmmaker hailing from Mangaluru, is best known as the producer and creative director of the 1976 Hindi film ‘Kadambari'. The film, written by renowned author Amrita Pritam and directed by HK Verma, starred Vijay Arora and Shabana Azmi in lead roles. It also marked the debut of playback singer Kavita Krishnamurthy, with its music composed by legendary sitar maestro Ustad Vilayat Khan. Garnering critical and popular acclaim, Kadambari went on to win five Filmfare Awards. During the talk, he shared fascinating insights into the making of the film and his experiences in the Bombay film industry during the 1970s. Recalling his early days in the industry, he spoke about balancing multiple jobs while exploring various filmmaking formats before producing his first feature film. "Kadambari was released during the Emergency in 1975, just a week before ‘Sholay'. Despite the political uncertainty, the lack of new films created a high demand among distributors, and Kadambari played a role in reviving the Hindi film industry," Kumar shared. He further highlighted the film's success in cities like Bombay, Delhi, Ahmedabad, and Kolkata, as well as its reception in international markets, even amidst Sholay's historic run. "Today, the film is considered a classic for its bold approach to taboo topics, portrayal of strong female characters, and innovative storytelling," he added. Concluding his talk, Kumar expressed his desire to create an epic film showcasing the rich cultural heritage of Tulunadu. Madhusudan Kumar was felicitated.
A 9th telecoms firm has been hit by a massive Chinese espionage campaign, the White House says( ) shares started the week with a bang on Monday. But don't worry if you missed out on those strong gains, because one leading broker believes there's plenty more to come for this ASX All Ords stock. Broker tips ASX All Ords stock to rocket According to a note out of Bell Potter, it believes the defence and space systems company's shares are undervalued at present. Particularly following the of the sale of its Naval Satellite Communications subsidiary, EM Solutions, to Cohort plc last week. The two parties agreed on an enterprise value of $144 million, subject to customary adjustments. FIRB approval has already been obtained by Cohort. This means that completion is expected within six months. Commenting on the deal, the broker said: Whilst EM Solutions is a well performing business for EOS, it is ultimately non-core to the central business and its sale significantly strengthens the company's financial position. Completion of the transaction triggers the repayment of EOS's outstanding debt to WHSP ($64.4m) so post transaction we anticipate the company will have a cash balance >$100m, with no debt, and will be well placed to support future growth of the core business. Big returns In response to the update, the broker has reaffirmed its buy rating and $2.20 price target on the ASX All Ords stock. Based on its current share price of $1.34, this implies potential upside of approximately 64% for investors over the next 12 months. To put that into context, a $2,000 investment would turn into almost $3,300 by this time next year. That's if Bell Potter is accurate with its recommendation. As mentioned at the top, Bell Potter believes the market is undervaluing the stock at present. It concludes: We await further details regarding the subsequent impact on earnings and timing of transaction completion before updating our forecasts and valuation. However, we view this as a positive development for EOS, which highlights the potential upside to its current valuation. Based on its current market cap, EOS would have an EV of
Share Tweet Share Share Email Managing expenses effectively is crucial to maintaining financial integrity. However, the rise in fraudulent expense claims poses a significant challenge for organizations worldwide. Fraudulent activities not only drain resources but also damage trust within the workplace. Detecting such fraud manually can be tedious, time-consuming, and error-prone. This is where machine learning comes into play, offering innovative ways to combat expense fraud efficiently and proactively . What Is Expense Fraud? Expense fraud refers to the act of submitting false or exaggerated claims for reimbursement. Employees may manipulate receipts, inflate mileage claims, or create fake invoices to gain undeserved compensation. Common examples of expense fraud include: Submitting personal expenses as business-related costs. Altering the amounts on genuine receipts. Creating entirely fictitious receipts or invoices. Reimbursing duplicate claims for the same expense. These fraudulent activities can cost businesses thousands, if not millions, of dollars annually. While traditional audits can uncover some discrepancies, they often miss more sophisticated schemes. This highlights the need for advanced technologies like machine learning to tackle fraud more effectively. The Role of Machine Learning in Fraud Detection Machine learning (ML) leverages algorithms that analyze data, learn patterns, and make predictions. Unlike rule-based systems, ML models continuously improve over time as they process new data. In the context of expense fraud detection, machine learning offers the following advantages: Automated Data Analysis: ML systems can process vast amounts of expense data in real time, identifying anomalies that may signal fraudulent behavior. Pattern Recognition: By analyzing historical data, machine learning models can detect unusual patterns that deviate from normal expense behaviors. Risk Scoring: ML algorithms assign risk scores to expense claims, flagging those with high likelihoods of fraud for further review. Adaptive Learning: As fraud tactics evolve, machine learning models adapt by learning new patterns and identifying emerging threats. Key Machine Learning Techniques for Expense Fraud Detection Machine learning employs various techniques to identify fraudulent expense claims. Below are some of the most commonly used approaches: Supervised Learning Supervised learning involves training a model on labeled data, where the outcomes (fraudulent or non-fraudulent) are already known. The model learns to classify new expense claims based on the patterns it observes in the training data. Algorithms like decision trees, support vector machines (SVM), and neural networks are commonly used in supervised learning for fraud detection . Unsupervised Learning Unlike supervised learning, unsupervised learning works with unlabeled data. This approach is ideal for detecting unknown types of fraud. Techniques like clustering and anomaly detection help group similar data points and identify outliers. For instance, if an employee’s expense claim is significantly higher than their peers’, the system flags it for investigation. Natural Language Processing (NLP) Natural language processing is used to analyze text-based data, such as descriptions in expense claims. NLP can identify inconsistencies, suspicious keywords, or unusual phrasing that may indicate fraudulent intent. Reinforcement Learning Reinforcement learning involves training models through a reward-based system. In fraud detection, the algorithm receives rewards for accurately identifying fraudulent claims and penalties for false positives or negatives. This iterative process improves the model’s accuracy over time. Building an Effective Machine Learning Framework for Fraud Detection Implementing a machine learning-based expense fraud detection system requires careful planning and execution. Below are the critical steps: Data Collection and Preprocessing The first step is gathering expense-related data, such as receipts, invoices, and transaction records. Preprocessing this data is crucial to ensure accuracy and consistency. Steps include: Cleaning and removing duplicate entries. Converting unstructured data into structured formats. Normalizing numerical data for better model performance. Feature Engineering Feature engineering involves selecting and creating relevant variables (features) that help the model identify fraud. Examples include: Frequency of claims per employee. Average claim amount by department. Expense categories with unusually high costs. Model Training and Testing Once features are defined, the next step is training machine learning models. A portion of the data is used for training, while the rest is reserved for testing. This ensures that the model performs well on unseen data. Deployment and Monitoring After successful testing, the model is deployed to monitor expense claims in real-time. Continuous monitoring and periodic retraining are essential to maintain effectiveness and adapt to new fraud patterns. Challenges in Machine Learning-Based Fraud Detection While machine learning offers powerful tools for expense fraud detection, it is not without challenges. Some common obstacles include: Data Quality Issues: Inaccurate or incomplete data can lead to unreliable model predictions. High False Positives: Over-sensitive models may flag legitimate claims as fraudulent, leading to inefficiencies. Evolving Fraud Tactics: Fraudsters continuously adapt, requiring models to be updated regularly. Privacy Concerns: Handling sensitive financial data necessitates strict adherence to data protection regulations. Addressing these challenges requires a collaborative approach involving robust data governance, regular model audits, and input from domain experts. Benefits of Machine Learning in Expense Fraud Detection Despite the challenges, machine learning brings numerous benefits to expense fraud detection: Efficiency: Automating fraud detection reduces the manual workload, allowing finance teams to focus on high-priority tasks. Accuracy: ML models often outperform traditional methods, identifying subtle patterns that humans might miss. Scalability: Machine learning systems can handle large volumes of data, making them suitable for organizations of all sizes. Cost Savings: By preventing fraud, businesses can save significant amounts of money that would otherwise be lost. Real-World Applications of Machine Learning in Expense Fraud Detection Many organizations have successfully implemented machine learning to combat expense fraud. For instance: Corporate Finance Departments: Large corporations use ML tools to monitor employee expense reports, flagging anomalies in real-time. Expense Management Software: Companies like Expensify and Concur integrate machine learning algorithms to provide fraud detection features for their clients. Financial Institutions: Banks and credit card companies employ ML models to detect suspicious transactions that could indicate fraudulent expense claims. Conclusion Expense fraud is a pressing issue that requires proactive measures to mitigate its impact on businesses. Machine learning offers a transformative solution, enabling organizations to detect and prevent fraud with unprecedented efficiency.Furthermore, By leveraging techniques like supervised and unsupervised learning, natural language processing, and reinforcement learning, companies can build robust fraud detection systems that evolve alongside emerging threats. Although challenges remain, the benefits of machine learning far outweigh the drawbacks, making it an indispensable tool in the fight against expense fraud. Organizations that invest in this technology not only safeguard their finances but also foster a culture of transparency and trust . Related Items: Catching Fraud Before It Strikes , Expense Fraud Detection , machine learning Share Tweet Share Share Email Recommended for you Can Machine Learning Models Truly Revolutionize Retail Sales Forecasting? AI and Machine Learning Reshape Modern Data Center Operations How Machine Learning is Driving a New Era in Healthcare? CommentsSartorius Aktiengesellschaft (OTCMKTS:SOAGY) Sees Significant Growth in Short Interest
Mike Johnson condemns "insane and dangerous" bomb threats targeting DemocratsSaquon Barkley becomes ninth running back to rush for 2,000 yards in a season
AEW Dynamite ratings down on Christmas nightTrump selects Jared Kushner's father, Charles Kushner, for ambassador to France
Former Vice President Atiku Abubakar has hosted the Labour Party’s 2023 presidential candidate, Peter Obi, at his residence in Yola, Adamawa State. The meeting, which was captured in a video shared by Atiku on his X (formerly Twitter) handle on Saturday, featured the two leaders having a meal together. Atiku captioned the post, “It is breakfast time with my friend, #PeterObi, in the ‘land of beauty.” The video shows Atiku and Obi seated at a dining table with other dignitaries, engaged in discussions over breakfast. Though the details of the meeting remained sketchy, it sparked speculation about possible alliance among the key opposition figures ahead of 2027 general election. Details later...Conte’s last public act as Spurs head coach after a 3-3 draw at St Mary’s in 2023 was to launch a furious tirade against his own “selfish” players who he claimed “don’t want to play under pressure” before he seemed to turn on the board as he questioned the club’s ongoing trophy drought. Eight days later Conte had left Tottenham by mutual consent after a whirlwind 16-month period, with Postecoglou his eventual permanent successor. Postecoglou has been in charge of the Premier League club for two months longer than the Italian, but managed 12 fewer matches and is currently in the middle of an injury crisis which has resulted in a drop in form, with Spurs only able to claim one victory from their last eight fixtures. However, when Postecoglou was asked if he would jump ship in the wake of making remarks like Conte did in March, 2023, he said: “Look, I don’t think it’s fair to comment. “Antonio is a world-class manager and has his own way of doing things, his own reasons for doing that. “I am here, I am in for the fight. I am in a fight, for sure. For better or worse I am not going anywhere at the moment because everything is still in my power and my responsibility. “I still have a real desire to get us through this stage so that people see what is on the other side. My resolve and determination hasn’t wavered one little bit. “I love a fight, I love a scrap, I love being in the middle of a storm when everyone doubts because I know what it is on the other side if you get through it. My job is to get through it.” Postecoglou was Celtic boss when Conte’s extraordinary 10-minute press conference made waves around the world, but acknowledged being aware of his predecessors’ comments and attempted to explain the psyche behind why a manager would make such a move. “I was on Planet Earth at that time, and yes I was well aware of it,” Postecoglou smiled. “I think you know when a manager gets to that point that there’s obviously some underlying issues. “I think most of the time when managers do that they’re trying to get a reaction, trying to get some sort of impact on the team. “In difficult moments, what you want from your leaders is action rather than inaction of just letting things drift along. He did it to try and get a positive impact on the group, one way or another. We’ve all been in that situation as a manager where you feel this is time to send a message.” Postecoglou sent out his own message on Thursday after a 1-1 draw away to Rangers when he insisted Timo Werner’s display “wasn’t acceptable” at Ibrox. Werner was replaced at half-time following an error-strewn performance, but was not alone in being below-par in Glasgow. A day later Postecoglou explained how with Spurs missing several key first-teamers, the onus is on their fit senior players to deliver a level of application and commitment – and admitted Werner will be required at St Mary’s on Sunday. “I’ve got no choice. Who else am I going to play? I’m pulling kids out of school, I literally am,” Postecoglou mentioned in reference to 16-year-old duo Malachi Hardy and Luca Williams-Barnett, who have recently made the bench. “That was the reasoning for me pointing it out last night. We need Timo. We need all of them. “In normal times if you have a poor game, there’s a price to pay. It doesn’t exist right now. We need everybody we’ve got.”Global stocks pressured ahead of Fed decisionThe Rashtriya Swayamsevak Sangh (RSS) is unhappy with rumours being floated in the Bharatiya Janata Party (BJP) on the choice of the state’s new chief minister, and politics relating to caste equations potentially influencing the selection process. For the RSS, the ideological mentor of the BJP, it’s an open-and-shut case – Devendra Fadnavis, who they say led the Mahayuti alliance to a landslide victory in the recent state elections, is the natural choice for the post. However, in the last few days, a section of the BJP has floated the names of other contenders. Also read: Maharashtra oath on Dec 5, Shiv Sena insists on home portfolio The names of Vinod Tawde, Chandrashekhar Bawankule, Chandrakant Patil, and more recently Union Minister of State for Civil Aviation Murlidhar Mohol have been doing the rounds on social media. While Tawde, Patil and Mohol are Marathas, Bawankule is from the OBC category, and their possible candidacy would draw caste considerations into the narrative. The Maratha and OBC communities have played a significant role in the run-up to the assembly elections, and supporters of this quartet believe this should be taken into account when the BJP chooses the new CM. This has upset the Sangh Parivar, which campaigned hard for Fadnavis, a Brahmin, during the elections. With a systematic micro-planning strategy, Fadnavis and the RSS machinery, armed with 3,000 swayamsevaks, toured every district in the state, to ensure the phenomenal victory for the Mahayuti coalition. Also read: ‘New Maharashtra CM from BJP, Mahayuti allies to get 2 deputy CM posts’: Ajit Pawar A senior RSS leader, affiliated to the Rashtriya Muslim Manch, an RSS frontal organisation, said the RSS has communicated to the BJP leadership that given Fadnavis’s pivotal role in the Mahayuti’s win, he should be the natural choice for the CM’s post. Not selecting him could also adversely affect the party in the upcoming municipal elections, particularly in Mumbai. The RSS is disappointed that the four leaders, who have been groomed by the Sangh, are not toeing the RSS line. The Sangh points out that both Ajit Pawar and Eknath Shinde, who have been offered the posts of dual deputy chief ministers, are Marathas. There is no reason for a section of BJP politicians to insist on a Maratha CM, argues the RSS. Also read: Meet Atul Limaye: RSS strategist who engineered Mahayuti's landslide victory A senior RSS activist said that when this issue was raised with the party high command, Mohol was forced to clarify that his candidacy for CM’s post was no more than an idle rumour. In a social media post, Mohol said, “Our party is disciplined, and the party’s decision is final. Such significant decisions are made unanimously by the parliamentary board, not through social media discussions.”
: The suicide of contractor Sachin Panchal from Bhalki Taluk has sparked a political storm in Karnataka, with BJP leaders accusing the Congress government of fostering a toxic environment for contractors. Sachin, reportedly distressed over harassment, is said to have ended his life by jumping in front of a train on Thursday. A death note attributed to him allegedly names Raju Kapanur, said to be an associate of Minister Priyank Kharge, as responsible for his predicament. BJP state president B.Y. Vijayendra criticized the Congress government, alleging that ministers have granted undue authority to their aides, leading to controversies and tragedies. “In the Congress government, several ministers have allegedly empowered their associates with unchecked authority, akin to a General Power of Attorney (GPA). This misuse of power has led to incidents like the alleged suicide of SDA officer Rudresh due to undue pressure from Minister Laxmi Hebbalkar’s aide and the hooliganism targeting BJP MLA C.T. Ravi at Suvarna Soudha,” Vijayendra said in a post on X. He further claimed, “Now, the harassment and intimidation by Minister Priyank Kharge’s associate, Raju Kapanur, has reportedly driven Sachin Panchal to take this extreme step. Sachin’s death note explicitly names Raju and details the harassment he faced.” He accused the Congress government of creating an unbearable environment for contractors. “The government’s much-publicized ‘five guarantees’ now seem to include a ‘suicide guarantee,’ leaving several families in despair,” Vijayendra remarked, demanding the resignation of Priyank Kharge and a transparent investigation into the incident. He also alleged that since Congress took power, contractors have been facing severe financial stress and harassment from ministerial aides. Vijayendra emphasized that Sachin’s death note provided clear evidence of this alleged misconduct. Responding to the allegations, Minister Priyank Kharge dismissed the BJP’s claims as baseless. “I have no detailed information about the circumstances leading to Sachin Panchal’s tragic death. The statements by the accused present one perspective, while the alleged death note offers another. The railway police have registered a case, and I trust the authorities to conduct a thorough investigation to reveal the truth,” Kharge said in a press statement. Kharge also criticized the BJP for politicizing the incident. “It has been their long-standing habit to make baseless accusations. They have done this before, and they are doing it again. Let them continue, but their unfounded claims will not undermine me,” he added.Global stocks mostly rose Thursday following strong earnings from artificial intelligence leader Nvidia as bitcoin prices zoomed near $100,000 and oil prices rose. Nvidia itself had a volatile day, finishing modestly higher after several reversals. The chip company reported a whopping $19 billion in profits, although investors wondered if its current rate of stupendous growth is sustainable.
Best North East days out to enjoy now and into the New Year
The Taliban's supreme leader has issued an order banning the construction of windows in residential buildings that overlook areas used by Afghan women and saying that existing ones should be blocked. According to a statement released by the Taliban government spokesman, new buildings should not have windows through which it is possible to see "the courtyard, kitchen, neighbour's well and other places usually used by women". "Seeing women working in kitchens, in courtyards or collecting water from wells can lead to obscene acts," according to the decree posted by government spokesman Zabihullah Mujahid on social media platform X. Municipal authorities and other relevant departments would have to monitor construction sites to ensure it is not possible to see into neighbours' homes. In the event that such windows exist, owners would be encouraged to build a wall or obstruct the view "to avoid nuisances caused to neighbours", the decree states. COMMENTS Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see our
Jacob Zuma Claims Poverty Would Be Eradicated Under uMkhonto weSizwe Leadership
Today inour Daily Dose of Social Media , we review the most significant activities and Entertainment from ATP and WTA players. Novak Djokovic stole the spotlightupon his arrival in Argentina with a warm reception from Juan Martin Del Potroand an unexpected appearance at the Copa Libertadores trophy presentation. While thedoping saga involving Iga Swiatek and Jannik Sinner continues, Russian Hall ofFamer Kafelnikov shared his thoughts on the influence these cases have onjuniors, while Nick Kyrgios backed the former French Open champion in a newcriticism of the multi-Grand Slam champions. Djokovicwelcomed by Del Potro, surprises with trophy presentation at CopaLibertadores final NovakDjokovic continues his busy off-season schedule and was warmly welcomed byformer US Open champion Juan Martín del Potro upon arriving in Buenos Aires,Argentina. The Serbian star and the Argentine shared a heartfelt embrace asDjokovic stepped off the plane. The World No. 7 later attended a special SouthAmerican football event, presenting the Copa Libertadores trophy ahead of thefinal match between Atlético Mineiro and Botafogo at River Plate's EstadioMonumental. A dayearlier, the 24-time Grand Slam champion was in Qatar with Ferrari’s Formula 1team, quickly traveling to Argentina for Del Potro’s farewell exhibition matchset for December 1. However, his surprise appearance at the international clubtournament final stole the show, with Djokovic receiving a roaring ovation ashe carried the trophy during the opening ceremony. Thehead-to-head record between the two legends stands at 16-4 in favour ofDjokovic, with their last meeting taking place at the Rome Masters, whereDjokovic edged out Del Potro in a tight match, 4-6, 7-6(6), 6-4, on his way tothe final. Del Potro embracing Djokovic as Novak arrives in Argentina for Delpo’s farewell exhibition match pic.twitter.com/cf1mo2d8rj Novak Djokovic makes an appearance at Conmebol Libertadores. He’s everywhere this off-season. pic.twitter.com/Oo8iONKl2A BarboraKrejcikova stuns in fuchsia at Czech music awards event BarboraKrejcikova made an appearance at a Czech music awards event during her returnto the country. The 2-time Grand Slam champion was welcomed like a star topresent one of the awards at the Český slavík ("Czech Nightingale")poll, which honours the most popular performers based on audience reception oftheir songs and music videos. This year,Krejcikova was one of the guests of honour at the ceremony for the traditionalpopular music poll held at the Forum Karlín. The 2024 Wimbledon championpresented the evening's first award, the Bronze Nightingale, to singer MonikaAbsolonová. The 28-year-old tennis player later shared photos of her elegantfuchsia outfit. Krejcikovahad a rollercoaster season, enduring a tough first half of the year withseveral early exits and barely staying in the top 30 for months. However, herWimbledon title gave her a significant boost, and she finished the seasonstrong by reaching the semifinals of the WTA Finals. This included victoriesover Jessica Pegula and Coco Gauff in the round-robin stage, ultimatelysecuring her year-end World No. 10 ranking. ✨ pic.twitter.com/zHB5cujF0C Bára Krejčíková včera předala bronzového slavíka zpěvačce Monice Absolonové. pic.twitter.com/9Ql48g4U7q Kafelnikovwarns of doping's influence on juniors as Kyrgios joins the debate NickKyrgios weighs in again on the doping cases of his peers Iga Swiatek and JannikSinner after sharing a post from former French Open champion YevgenyKafelnikov. The Russian ex-tennis player expressed particular concern about thepotential impact these cases might have on junior players, who see two oftoday’s most prominent athletes involved in doping controversies. “And thesad part to all of this is that young and upcoming players (12-16 years old)look at their idols and think maybe it’s normal to use steroids in the futureand get away with this ♂️! Current players setting bad examples foryoung generations,” Kafelnikov wrote. TheAustralian player responded to the post with a brief “Yup,” expressing hisagreement with Kafelnikov. The 2022 Australian Open doubles champion has beenone of Sinner’s most vocal critics in recent months, and Swiatek’s case didn’tgo unnoticed. Just days earlier, Kyrgios tweeted: “The excuse that we can alluse is that we didn’t know. Simply didn’t know. Professionals at the highestlevel of sport can now just say, ‘we didn’t know.’” Yup https://t.co/z9MCgCPH2N Kostyukrobbed in Milan but shares heartfelt message MartaKostyuk is visiting Milan during her off-season but suffered an unfortunateincident after being the victim of a robbery in the Italian city. The UkrainianWorld No. 18 revealed that her car was broken into while she was traveling withher husband, George Kyzymenko. "YesterdayI was robbed for the first time in my life (hopefully, the last). But it taughtme way more than it took," she posted on Instagram. "I attended twoamazing concerts with my team, met my favourite artist, and experienced so manyemotions that nobody will ever be able to take away from me. We are moving on.Thank you everyone for the messages, we are safe ❤️." Una publicación compartida de Marta Kostyuk / Марта Костюк (@martakostyuk) Tsitsipas stunnedby horse named after him in racing victory StefanosTsitsipas was surprised on social media after realizing that a horse is named"Tsitsipas in his honor." The Greek tennis player shared a post from"Racing.com," a website specialized in horse racing, showing thevictory of "Tsitsipas" in the Busuttin Racing, alongside Australianjockey Craig Newitt, who won. The worldNo. 11 had a mixed season, where although he won his third Monte-Carlo Masters,he finished the season outside the top 10, after five consecutive years offinishing in the top 6. Tsitsipas also made notable appearances this year as arunner-up at the Barcelona Open and a semifinalist at the ATP 250 Los CabosOpen and Gstaad. The26-year-old player shared on social media his impression of the winning horsenamed after him: “Is this horse actually named after me?! ”he posted, generating reactions from his fans. Is this horse actually named after me?! https://t.co/AcdDMSfijP This article first appeared on TennisUpToDate.com and was syndicated with permission.Brazil conference discusses Islamic education, identityHow Social Determinants of Health Are Linked to Outcomes in Multiple Myeloma
The AI Experts Committee is expected to promote China’s perspective on how the fast-growing technology should be governed China has created a new specialist committee on artificial intelligence (AI), as part of the country’s vision for the development and governance of the technology , amid simmering tensions between Beijing and Washington. Advertisement The AI Experts Committee will help spearhead efforts to promote the country’s perspective on how the fast-growing technology should be governed, according to a statement released by the Cyberspace Administration of China (CAC) at this year’s four-day World Internet Conference , also known as the Wuzhen Summit, which concludes this Friday. Alibaba Cloud founder Wang Jian was named as chief expert of the committee. Alibaba Cloud leads AI research and development under e-commerce giant Alibaba Group Holding , owner of the South China Morning Post. CAC director Zhuang Rongwen on Wednesday said the committee aims to foster international cooperation on AI. The new body is made up of about 170 AI specialists, including British computer scientist Wendy Hall, Vienna University of Technology professor of computer science Schahram Dustdar and Chinese-American scientist Zhang Ya-qin , who serves as Dean of the Institute for AI Industry Research at Tsinghua University. Chipmaker Advanced Micro Devices and other US businesses also have delegates in the committee, according to the CAC. {"@context":"https://schema.org","@type":"ImageObject","caption":"Alibaba Cloud founder Wang Jian speaks at the South China Morning Post’s China Conference in Hong Kong on June 20, 2023. Photo: May Tse","url":"https://img.i-scmp.com/cdn-cgi/image/fit=contain,width=1024,format=auto/sites/default/files/d8/images/canvas/2024/11/21/1adfefdc-3667-4d90-ae2b-da407d8dbd46_4dfaef7d.jpg"} Alibaba Cloud founder Wang Jian speaks at the South China Morning Post’s China Conference in Hong Kong on June 20, 2023. Photo: May Tse Establishing the AI Experts Committee underscores the urgency for China to take a more active role in shaping the technology’s global development – similar to its efforts in setting international standards for next-generation mobile networks based on 4G and 5G systems – even as the US government continues to impose stifling trade restrictions on the mainland. AdvertisementFORT WORTH, Texas, Dec. 13, 2024 (GLOBE NEWSWIRE) -- CorVel Corporation (NASDAQ: CRVL) announces that its Board of Directors approved a three-for-one forward stock split of its common stock. The Board also approved a proportionate increase in the number of authorized shares of common stock to accommodate the stock split. The Board did not approve an increase in the number of authorized shares of preferred stock. The implementation of the stock split and authorized share increase is subject to the filing of an amendment to the Company’s Fourth Amended and Restated Certificate of Incorporation with the Secretary of State of the State of Delaware, which the Company expects to file on December 24, 2024. “Our stock price has seen extraordinary growth over the past several years fueled by our strong financial performance and the successful execution of our strategic plan. We believe it is the right time to effect a forward stock split to increase the accessibility of our stock to potential investors while maintaining our focus on delivering our customers enhanced technological solutions for the management of their healthcare needs,” said Michael G. Combs, the Company’s President, Chief Executive Officer and Chairman of the Board. Following the filing and effectiveness of the amendment, every one share of common stock outstanding or held in treasury on December 23, 2024, the record date for the stock split, will be split into three shares of common stock. Subject to final approval by the Nasdaq Global Select Market, trading is currently expected to begin on a post-stock split adjusted basis at market open on December 26, 2024. Cautionary Note Regarding Forward-Looking Statements This Press Release contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, which statements are subject to considerable risks and uncertainties. Forward-looking statements include all statements other than statements of historical fact contained in this Press Release, including statements regarding the implementation and timing of the stock split and authorized share increase, and the timing of trading on a post-stock split basis. Forward-looking statements involve known and unknown risks and uncertainties that may cause our actual results to differ materially and adversely from those expressed, assumed, or implied by the forward-looking statements. Some of the risks and uncertainties that may cause actual results to materially differ from those expressed or implied by these forward-looking statements are described in the section entitled “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended March 31, 2024, as well as in our Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission. Any forward-looking statement made in this press release is based only on information currently available to the Company and speaks only as of the date on which it is made. Except as required by applicable law or the listing rules of the Nasdaq Global Select Market, the Company expressly disclaims any intent or obligation to update any forward-looking statements, or to update the reasons actual results could differ materially from those expressed or implied by these forward-looking statements, whether to conform such statements to actual results or changes in expectations, or as a result of the availability of new information. Contact: Melissa Storan Phone: 949-851-1473 www.corvel.com