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America's wealthiest billionaires have witnessed an extraordinary year in 2024, with their fortunes far outpacing the 3% growth of the U.S. economy. What Happened: Surging markets, fueled by advancements in technology and artificial intelligence, have propelled their wealth to unprecedented levels. According to the report by The Daily Beast, these top 10 billionaires amassed gains nearly equivalent to the U.S. government's annual defense budget of $850 billion. 10. Michael Dell : $14 Billion The founder of Dell Technologies DELL saw a 55% surge in his company's stock this year, thanks to its transformation into an infrastructure powerhouse for the AI age. Dell owns approximately half of the company, contributing significantly to his fortune. 9. Larry Page and Sergey Brin : $19–20 Billion The Alphabet GOOGL founders benefited from the company's $650 billion valuation increase in 2024. Despite stepping back from operations, they retain control through super-voting shares, owning just over 3% each of the tech giant. 8. Steve Ballmer : $20 Billion The former Microsoft MSFT CEO continues to profit from the company's revival under Satya Nadella. Ballmer owns 4.5% of Microsoft, which has funded ventures such as a new stadium for the LA Clippers, the NBA team he owns. 7. Warren Buffett : $29 Billion Through Berkshire Hathaway BRK , Buffett continues to outperform the market. The company's value rose 28% this year, helping Buffett build his cash reserves to an impressive $325 million, or 30% of Berkshire's valuation. 6. Jeff Bezos : $63 Billion Bezos, the founder of Amazon AMZN , saw his wealth soar by over $1 billion weekly as Amazon stock rebounded. Bezos retains nearly 9% of the company, funding projects like Blue Origin through periodic stock sales. Also Read: From Steve Ballmer To Jamie Dimon, Meet The Billionaires Who Amassed Their Wealth Without Founding A Company 5. Jensen Huang : $72 Billion The founder of Nvidia NVDA reaped immense gains as the company became the darling of the AI revolution. Nvidia's value more than doubled in 2024, with Huang's 3.8% stake driving his fortune. 4. Larry Ellison : $73 Billion The Oracle founder's fortune grew alongside the company's role as a key player in cloud computing. Ellison owns 43% of Oracle, benefiting significantly from the AI-driven surge in enterprise demand. 3. Mark Zuckerberg : $82 Billion Zuckerberg's Meta META saw its value rise more than sixfold since late 2022, thanks to strong margins and AI developments like the Llama open-source model. His 13.5% stake in Meta underpins his staggering gains. 2. The Waltons : $148 Billion America's richest family, heirs to Walmart WMT , collectively control the fortune built by Sam Walton. Their wealth solidifies Walmart's status as one of the largest employers in the country. 1. Elon Musk : $252 Billion The Tesla TSLA and SpaceX founder tops the list with his fortune growing by nearly $5 billion weekly. Musk's ventures, including Neuralink, the Boring Company, and his federal government initiatives, further cement his status as the most influential figure in business. Read Next Billionaires’ Paradise: New York Tops The List Of 16 Cities Housing The World’s Richest This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Image: Shutterstock © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
On Football analyzes the biggest topics in the NFL from week to week. For more On Football analysis, head here . Saquon Barkley has become the Shohei Ohtani of the NFL. There’s no better home run hitter playing football right now. Barkley had touchdown runs of 72 and 70 yards for the Philadelphia Eagles in a 37-20 victory over the Los Angeles Rams on Sunday night. He now has five runs of 50-plus yards this season and is on pace to break Eric Dickerson’s single-season record of 2,105 yards set in 1984. Barkley’s historic performance against the Rams — his 255 yards set a team record — captivated a national audience and turned him into a fan favorite for the AP NFL MVP award. He’s not the betting favorite, however. Josh Allen has the best odds at plus-150, according to Bet MGM Sportsbook. Two-time MVP Lamar Jackson is next at plus-250 followed by Barkley at plus-400. Running backs have won the award 18 times, including three-time winner Jim Brown, who was the AP’s first NFL MVP in 1957. Quarterbacks have dominated the award, winning it 45 times. Only three players who weren’t QBs or RBs have been MVP. It takes a special season for a non-QB to win it mainly because the offense goes through the signal caller. Quarterbacks handle the ball every offensive snap, run the show and get the credit when things go well and the blame when it doesn’t. Adrian Peterson was the most recent non-QB to win it when he ran for 2,097 yards and 12 touchdowns for the Minnesota Vikings in 2012. Playing for a winning team matters, too. Nine of the past 11 winners played for a No. 1 seed with the other two winners on a No. 2 seed. The Vikings earned the sixth seed when Pederson was MVP. Barkley is a major reason why the Eagles (9-2) are leading the NFC East and only trail Detroit (10-1) by one game for the top spot in the conference. Does he have a realistic chance to win the MVP award? Kicker Mark Moseley was the MVP in the strike-shortened 1982 season when he made 20 of 21 field goals and 16 of 19 extra points in nine games for Washington. If voters once selected a kicker, everyone has a chance, especially a game-changer such as Barkley. Defensive tackle Alan Page was the MVP in 1971 and linebacker Lawrence Taylor won it in 1986. Running back Christian McCaffrey finished third in voting last year and wide receiver Justin Jefferson placed fifth in 2022. The Offensive Player of the Year award and Defensive Player of the Year award recognize the best all-around players on both sides of the ball, allowing voters to recognize non-QBs if they choose. Wide receivers and running backs have won the AP OPOY award seven times over the past 11 seasons. McCaffrey was the 2023 winner. The AP’s new voting format introduced in 2022 also gives non-QBs a better opportunity to get MVP recognition. Voter submit their top five picks for each award, with a weighted point system. Previously, voters made one choice for each award. A nationwide panel of 50 media members who regularly cover the league vote for MVP and seven other awards. The awards are based on regular-season performance. The Chiefs (10-1) and Bills (9-2) already are in position to lock up postseason berths right after Thanksgiving. Kansas City clinches a playoff berth with a win over Las Vegas on Black Friday and a loss by Miami on Thursday night, or a win plus a loss by Denver on Monday night. Buffalo can wrap up a fifth straight AFC East title with a victory over San Francisco on Sunday and a loss by the Dolphins. It’s not a given that the Dallas Cowboys will be looking for a new head coach after this season. Owner Jerry Jones said Tuesday on local radio that Mike McCarthy could end up getting a contract extension. “I don’t think that’s crazy at all. This is a Super Bowl-winning coach. Mike McCarthy has been there and done that. He has great ideas. We got a lot of football left,” Jones said. McCarthy led the Cowboys (4-7) to three straight 12-win seasons, but they went 1-3 in the playoffs and haven’t reached the NFC championship game since winning the Super Bowl 29 years ago. Injuries have contributed to the team’s struggles this season, but Dallas was just 3-5 before Dak Prescott was lost for the rest of the season. The Cowboys upset Washington last week and their next four games are against teams that currently have losing records. If they somehow end up 9-8 or even 8-9, Jones could make a case for keeping McCarthy. AP NFL: https://apnews.com/hub/nflTORONTO, Dec. 05, 2024 (GLOBE NEWSWIRE) -- Xtract One Technologies Inc. (TSX: XTRA) (OTCQX: XTRAF) (FRA: 0PL) (“Xtract One” or the “Company”) a leading technology-driven threat detection and security solution that prioritizes the patron access experience by leveraging AI, today announced fiscal first quarter results for the three months ended October 31, 2024. All information is in Canadian dollars unless otherwise indicated. First Quarter Highlights Quarterly revenue of $3.6 million for the three months ended October 31, 2024 versus $3.1 million in the prior-year period. Gross margin of 64% for the first quarter of fiscal 2025 versus 67% in the prior year period. Total contract value of new bookings 1 was $4.2 million for the three months ending October 31, 2024 as compared to $9.6 million for the same period last year. The total contract value of new bookings in the prior-year period also included $5 million from a large global entertainment organization. Contractual backlog was $14.0 million at the end of the first quarter as compared to $9.5 million in the prior-year period, excluding an additional $12.9 million of agreements pending installation 1 versus approximately $10.6 million at the end of the first quarter of fiscal 2024. “As expected, first quarter revenue, while up year-over-year, was a little lighter in new bookings than recent periods reflecting order timing, as we focused on bringing Xtract One Gateway to market and actively engaged in business development initiatives to build our pipeline for the remainder of fiscal 2025,” stated Peter Evans, Chief Executive Officer of Xtract One. “We continue to win customers outside of our core sports and live entertainment markets, welcoming new clients in the Education, Healthcare, and Manufacturing sectors, which made up 67% of the total contract value of new bookings this quarter. Demand remains strong as evidenced by our growing sales pipeline, and we’ve been pleased with the initial response of our newly announced Xtract One Gateway, particularly in high-traffic facilities like schools, convention centers, and commercial properties where we offer a highly differentiated solution. We expect to see revenue accelerate as the year progresses and continue to make progress on our path to profitability.” Financial Results for the Three Month Period Ended October 31, 2024 Consolidated revenue was $3.6 million for the three months ended October 31, 2024 as compared to $3.1 million for the same period last year, reflecting new business contract wins and a greater number of installations. Gross profit was $2.3 million, or a margin of 64%, in the fiscal 2025 first quarter versus $2.1 million, or 67% of sales, in the prior-year period. Comprehensive loss was $2.7 million for the three month period ended October 31, 2024 as compared to $2.7 million for the same period in fiscal 2024. This reflects higher revenue and gross profit, largely offset by an increase in operating expenses. This press release should be read in conjunction with the Company’s Unaudited Condensed Consolidated Interim Financial Statements, prepared in accordance with International Financial Reporting Standards (“IFRS”) and the Company’s Management’s Discussion and Analysis for the three month periods ended October 31, 2024 and 2023, which can be found on the Company’s website and under the Company’s profile on SEDAR+ at www.sedarplus.ca . Conference Call Details Xtract One will host a conference call to discuss its results tomorrow, December 6, 2024 at 10:00 am EST. Peter Evans, Xtract One CEO and Director, and Karen Hersh, CFO and Corporate Secretary, will provide an overview of the interim financial results along with management’s outlook for the business, followed by a question-and-answer period. The webcast and presentation will be accessible on the company’s website. The webcast can be accessed here and the telephone number for the conference call is 844-481-3016 (412-317-1881 for international callers). About Xtract One Technologies Xtract One Technologies is a leading technology-driven threat detection and security solution leveraging AI to provide seamless and secure patron access control experiences. The Company makes unobtrusive threat detection systems that enable facility building operators to prioritize and deliver “Walk-right-In” experiences while providing unprecedented safety. Xtract One's innovative portfolio of AI-powered Gateway solutions excels at allowing facilities to discreetly screen and identify weapons and other threats at points of entry and exit without disrupting the flow of traffic. With solutions built to serve the unique market needs for schools, hospitals, arenas, stadiums, manufacturing, distribution, and other customers, Xtract One is recognized as a market leader delivering the highest security in combination with the best individual experience. For more information, visit www.xtractone.com or connect on Facebook , Twitter , and LinkedIn . For further information, please contact: Xtract One Inquiries: info@xtractone.com , http://www.xtractone.com Media Contact: Kristen Aikey, JMG Public Relations, 212-206-1645, kristen@jmgpr.com Investor Relations: Chris Witty, Darrow Associates, 646-438-9385, cwitty@darrowir.com 1 Supplementary Financial Measures: The Company utilizes specific supplementary financial measures in this earnings release to allow for a better evaluation of the operating performance of the Company’s business and facilitates meaningful comparison of results in the current period with those in prior periods and future periods. Supplementary financial measures do not have any standardized meaning prescribed under IFRS and therefore may not be comparable to measures presented by other companies. Supplementary financial measures presented in this earnings release include ‘Agreements pending installation’ and ‘Total contract value of new bookings.’ Agreements pending installation reflects total value of signed contracts awarded to the Company that has not been installed at the customer site. ‘Total contract value of new bookings’ is comprised of all new contracts signed and awarded to the Company, regardless of the performance obligations outstanding as of the end of the reporting period. Total contract value is the aggregate value of sales commitments from customers as at the end of the reporting period without consideration of the Company’s completion of the associated performance obligations outlined in each contract. CAUTIONARY DISCLAIMER STATEMENT : This news release contains forward-looking statements within the meaning of applicable securities laws that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipates”, “expects”, “believes”, and similar expressions or the negative of these words or other comparable terminology. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include but are not limited to the risks detailed from time to time in the continuous disclosure filings made by the Company with securities regulations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements only as expressly required by applicable law. No securities exchange or commission has reviewed or accepts responsibility for the adequacy or accuracy of this release. Unaudited Interim Statements of Loss and Comprehensive Loss for the Three Months Ended October 31, 2024 and 2023 The following table is extracted from the Company’s unaudited condensed consolidated interim financial statements and presented in Canadian dollars to demonstrate the Statements of Loss and Comprehensive loss for the three months ended October 31, 2024 and 2023: Unaudited Interim Statements of Financial Position as at October 31, 2024 and July 31, 2024 The following table is extracted from the Company’s unaudited condensed consolidated interim financial statements and presented in Canadian dollars to demonstrate the Company’s financial position as at October 31, 2024 and July 31, 2024: Unaudited Interim Statements of Cash Flows for the Three Months Ended October 31, 2024 and 2023 The following table is extracted from the Company’s unaudited condensed consolidated interim financial statements and presented in Canadian dollars to demonstrate the Company’s cash flows for the three month periods ended October 31, 2024 and 2023:
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New Mexico's two national laboratories are banding together with higher education institutions to bring the state to the national forefront of artificial intelligence development. The seven-member New Mexico AI Consortium is the first of its kind to unify industry with educational institutions, according to Melanie Moses, computer science professor at the University of New Mexico and the university's leader within the AI Consortium. Its aim is to combine the research and education of the state's universities and colleges with the experience and computational power of Los Alamos and Sandia national labs. While many educational institutions have AI programs — including state-funded AI-literacy programs for K-12 students — the new partnership represents an expansion of the state's AI’s capabilities in regard to science, specifically, according to a UNM news release Monday. “We think New Mexico can be a real powerhouse in AI research and AI education by combining the universities with the labs' long history of working in AI and high performance computing,” Moses said in an interview. The consortium isn't interested in making the next ChatGPT or any other traditional language model. Instead, it's focused on using AI’s strength to recognize patterns among large amounts of data for research purposes — such as designing improved antibiotic drugs, or conducting material analysis on energy technology like batteries and solar panels. The newly formed union brings together Los Alamos and Sandia with UNM, New Mexico State University, New Mexico Institute for Mining and Technology, Central New Mexico Community College and the educational research nonprofit New Mexico Consortium to create a “pipeline,” to bolster the state’s AI research and employment opportunities. The consortium was formed during a recent meeting held by LANL that brought educational institutions together with lab leaders to discuss the state’s future in artificial intelligence. “In that meeting, it became clear that if we want to invest specifically in AI in the state, we really need to pool resources,” Moses said. It was a natural partnership, Moses said. Industry has the resources to develop AI for profit, while universities need more resources to research AI’s ethical and social implications. “So, we said, ‘Why don't we just see what we can do to pull people together?’ And everybody was excited to join this,” said Moses, who said she expects more colleges and institutions to join the coalition as it expands throughout the state. At the meeting, Moses sat alongside Los Alamos National Laboratory's AI Office Council Director Jason Pruet and Sandia's Director of Computing Research Jennifer Gaudioso, who testified in June before the congressional Joint Economic Committee on “artificial intelligence and its potential to fuel economic growth and improve governance.” In that hearing, Gaudioso said data from the U.S. Department of Energy would go a long way in training AI models. Moses, whose specialization is in biology-inspired computation, cited another recent example. The use of AI to predict the protein shape produced by a string of DNA, what she called, “an open problem in biology for the last five decades,” which was solved in just a few years by AI. The discovery came about as a result of an AI tool called AlphaFold, made by the Google Deep Mind team, which successfully mapped the predicted shape for all 200 million known proteins, earning the team the 2024 Nobel Prize in Chemistry. “That’s millions and millions of hours of human labor just taken care of. It’s done. The problem is essentially solved,” she said. There are some drawbacks to using AI, though. One of the largest is the lack of transparency, or the “black box” effect, referring to the fact that most AI models are unable to explain exactly why they arrived at a given conclusion. “It's a huge problem,” said Moses. “As a scientist, you're not very satisfied when it just says, ‘The answer is 42.’ You want explainability. Everyone understands that this black box nature of AI is not ideal.” Elimination or reduction of this black box effect is an early top priority for the consortium, said Moses, and for good reason. Not only is AI being looked at for hard scientific research applications in areas such as biomedicine and chemistry, but also within social sciences. Political scientists using AI to examine election infrastructure and law specialists using it to analyze legal codes and deliver proposed verdicts are just a couple of examples of the about 60 faculty members that Moses said are engaged in AI research at UNM. That expansion of AI applications has also given rise to those raising caution. Specifically in the form of an algorithmic justice team between UNM and the Santa Fe Institute, developed before the consortium, which is focused on ensuring AI provides tangible explanations, especially if an AI decision could affect a person’s livelihood. As one consortium-proposed solution, Sandia is “looking to the architecture of the human brain for a better model of how to build these sort of artificial neural networks,” said Moses, both as a method of reducing the black box effect and aiming to reduce the traditionally high energy expenditure of AI models. While the coalition is focused on bringing AI-interested students to the labs, it is also trying to expand the labs' role in the classroom, adding to the already-strong cohort of adjunct faculty with a background in the labs. While Moses recognized some jobs could be threatened by AI, having AI skills will “empower people to be more productive and to have secure, interesting jobs in the future,” she said. "This consortium is trying to foster all of us being able to apply for very large grants that will really bring funding into the state and to build this kind of ecosystem that'll attract AI startups and things of that nature," said Moses. "This right now is the seedling stage, and I'm hoping that we'll really grow into something that benefits all of the state."Micron’s Big Upside. AI Boom Ignites Growth.
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Danilo Cataldi texted hospitalised Fiorentina teammate Edoardo Bove to say he would score for him, then fulfilled his promise in a 1-0 win over Cagliari. It was Fiorentina's first Serie A match since Bove collapsed on the field during a game against Inter Milan last weekend and was placed in a medically induced coma. The 22-year-old has been awake and alert since last Monday as doctors continue to investigate the cause of his collapse. Cataldi found the top corner midway through the first half on Sunday (Monday AEDT) and that was all Fiorentina needed for their eighth straight win in the Italian league to match the club record set in 1960. After he scored, Cataldi ran towards a TV camera, held up four fingers to match Bove's No.4 jersey, then created a heart symbol with his fingers as he shouted, "I told you. I told you." "I texted him before the match, saying: 'Watch the game on TV because I'm going to score a goal into the top corner'," Cataldi said. "He said it was 'impossible'. We're pleased that he's feeling well and about these three points." Fiorentina, who have a game in hand after the match against Inter was abandoned, moved level on points with third-placed Inter. Fiorentina are three points behind new leaders Atalanta, who are on a nine-game winning streak, and one point behind second-placed Napoli, beaten 1-0 at home by Lazio. Gustav Isaksen scored for Lazio with a long-range shot late in the second half. Lazio also moved level on points with Inter and Fiorentina. Napoli had led for most of the season under first-year coach Antonio Conte but have now lost at home to both Atalanta and Lazio. Lazio have won six of their past seven matches. In other games, Empoli won 4-1 at Hellas Verona and moved up to ninth, and Venezia and Como drew 2-2.Tabarak Holding Invests EGP 60Bn In Real Estate Development For 2024None
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