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It is true that the small-cap basket has performed exceptionally well in recent years; the Smallcap 100 index has a five-year compound annual growth rate (CAGR) of over 28%. The nicest thing to mention, though, is that in only one year, the S&P BSE SMALLCAP and S&P BSE MIDCAP indices have both beaten the Nifty and Sensex. As 2024 draws to a close, the Nifty has gained 10.8% so far, the S&P BSE SENSEX has climbed 10%, the S&P BSE SMALLCAP index has gained 30.7%, and the S&P BSE MIDCAP has picked up 28.29%. Following such a robust surge, the small-cap/mid-cap basket has outperformed the major benchmark indices, as these numbers plainly illustrate. Investors can expect volatility in 2025 due to execution delays, liquidity movements, and general market sentiment while investigating this market. Because this type of trading frequently sees unpredictable price fluctuations, it's important to stay mindful of this and take advantage of the volatility by spreading out your investments. We learnt that small-cap investment would need a very selective strategy from an interview with Pawan Bharaddia, co-founder and CIO of Equitree Capital . Investors should choose companies with excellent growth visibility and concentrate on a ground-up examination. Here are some discussions from Goodreturns's interview with Pawan Bharaddia, co-founder and chief information officer at Equitree Capital. 1. The small-cap basket has shown remarkable performance over the past few years. What is your outlook for small-cap and mid-cap funds in 2025? Do you believe they will continue to demonstrate resilience? The small-cap basket has indeed delivered exceptional performance over recent years, with the Smallcap 100 index achieving a five-year CAGR of approximately 28%. Following such a strong rally, it's natural to expect some degree of correction or consolidation in the broader markets. From here on, small-cap investing will require a highly selective approach. Investors should focus on a ground-up analysis and target businesses with strong growth visibility. 2. With mid and small-caps projected to outperform large-caps in the coming year, what key factors do you think will fuel this growth, and what should investors keep in mind when navigating these segments? Two clear themes are playing out for small caps: increasing market share in global merchandise exports and import substitution, both of which are driving domestic manufacturing and engineering sectors. India currently holds around a 2% share in global manufacturing exports figure that's rising on the back of EU+1, China+1, and Bangladesh+1 strategies. This shift helps Indian companies gain incremental market share. Additionally, with the government's emphasis on "Make in India," many products once imported are now being manufactured locally. Given these tailwinds in the manufacturing space, the SMID bucket offers far more opportunities compared to large-caps, which tend to dominate FMCG, healthcare, IT, and banking. While exploring this segment, investors need to be prepared for volatility stemming from execution delays, liquidity flows, and overall market sentiment. This genre of investing often experiences erratic price swings, so it's crucial to remain aware of this and use the volatility to your advantage through staggered investing. 3. How would you describe your overall investment strategy, and what makes it unique in today's market environment? At Equitree, we take a very business-like approach to investing. We're sector-agnostic and only invest in companies whose business models we understand well. We prefer not to take early-stage risks; instead, we look to buy into businesses that have existed for a considerable length of time and are at an inflexion point for high growth. What's unique at Equitree is our patient, long-term capital and our ability to identify high-growth businesses well ahead of time. Similar to a private equity fund, we aim to buy meaningful minority stakes in the companies we invest in and then hold on as long as the growth continues-allowing compounding to work over extended periods. Our average holding period is around five years, and more than half of our portfolio has been with us for over seven years! 4. What filters do you rely on when identifying promising stocks for your portfolio? Over the last 12 years at Equitree, we've developed our own proprietary framework for evaluating investment opportunities. First, we generally look for companies with a minimum of two decades of operating history. Beyond that, we pay close attention to cash flow generation and prefer businesses that can generate and redeploy cash to fuel consistent growth, reducing reliance on external capital. Needless to say, we also use various quantitative filters-like PEG, ROCE, and Debt-Equity ratios-as part of our initial screening process. 5. Can you highlight some of your top bets, lessons from past mistakes, and advice specifically tailored for Gen Z investors? One of our top bets has been a company in the Agri-equipment space, which has delivered around 40x returns since our first buy-in 2017-and we continue to double down on it. Over the past 12 years, the biggest lesson we've learned is how critical it is to distinguish between systematic and unsystematic risks. This distinction is especially vital when deciding what action to take if a stock price drops 40-50% from the buying price. For example, in the investment mentioned above, we've held that company for seven years and have seen three separate instances of a 50%+ price correction, but once the thesis plays out, it truly rewards you in the long run. My advice for Gen Z investors: Don't let the daily adrenaline rush of trading overshadow your long-term wealth creation journey. Patience is absolutely key to letting compounding work its magic. 6. Could you share insights into your portfolio allocation by sector, and elaborate on Equitree's affinity for small-cap investments? At Equitree, we are largely sector-agnostic, although we tend to have a bias toward manufacturing, engineering, and infrastructure ancillaries. Our current portfolio includes companies across agriculture, textiles, auto ancillaries, consumer durables, and infrastructure. Our general affinity is for assessing a company's intrinsic value by taking a justified amount of risk. This approach has worked well for two main reasons: first, these companies often experience high-growth cycles, offering opportunities for disproportionate returns; and second, they tend to be under-researched and under-invested. By identifying them early, we capture what we call a "discovery premium" as the business scales up and draws attention from institutional investors. Leveraging these factors has enabled us to unlock substantial value in our investments. 7. What are your budget expectations? Lately, most policy decisions have been made outside the budget. Over the past few years, the budget itself has primarily served as a statement of account, and we believe this trend is likely to continue. We expect the government to maintain its focus on infrastructure spending while striking a careful balance on fiscal deficit in the upcoming budget as well.“I just look at it as a sign of respect that I’ve gained from other defensive coordinators and just continue to do my job with it as blocking or being a decoy,” the two-time Pro Bowler said. While opposing defenses have keyed in on Metcalf, other aspects of Seattle's offense have surfaced during its four-game winning streak. The run has the Seahawks (8-5) sitting atop the NFC West heading into Sunday night's game against the visiting Green Bay Packers (9-4). Geno Smith's new top target is second-year receiver Jaxon Smith-Njigba, who needs 89 receiving yards for his first career 1,000-yard season. Smith-Njigba has 75 catches for 911 yards and five touchdowns, while Metcalf, often dealing with double coverage, has 54 catches for 812 yards and two scores. Metcalf says he feels the pride of a “proud parent or a big brother” when it comes to Smith-Njigba's success. Seattle's offense also got a boost from the ground game in a 30-18 victory over the Arizona Cardinals last weekend . Zach Charbonnet, filling in for the injured Kenneth Walker III, ran for a career-best 134 yards and two touchdowns. The Seahawks face another hot team in the Packers (9-4), who have won seven of nine. Green Bay's two losses over that stretch have come against NFC-best Detroit (12-1), including a 34-31 victory by the Lions on Dec. 5, which means the NFC North title is likely out of reach for the Packers. The Packers are well-positioned for a playoff berth, but that almost certainly won't come this weekend. They would need a win, a loss or tie by the Atlanta Falcons and a tie between the Los Angeles Rams and San Francisco 49ers. Metcalf, who learned to block from his father, former Chicago Bears offensive lineman Terrence Metcalf, says he tries to take blocking seriously to set himself apart from other receivers. His priorities are simple when he's getting double-teamed and the ball goes elsewhere. “Trying to block my (butt) off and trying to get pancakes on defensive backs,” he said. When the Packers surged their way into the playoffs last season, quarterback Jordan Love was a major reason why. He had 18 touchdown passes and one interception during Green Bay's final eight games. During the last four games of this season, Love ranks third in the NFL with a 118.9 passer rating with six touchdowns, one interception and a league-best 10.3 yards per attempt. “I always feel like I can put the ball where I want to — and that’s part of it, too, having that confidence to be able to throw those passes,” Love said. “There’s always like I said a handful of plays that might not come off or be in the exact spot that you wanted it to or the throw might be a little bit off. So, that’s where you’ve just got to try to be at your best every play, be consistent and accurate as possible.” Green Bay’s pass defense has been picked apart the last two weeks. First, it was torched by Tua Tagovailoa and the Dolphins in a Packers win. Next, it allowed Jared Goff to complete his final 13 passes as the Lions rallied to victory. It won’t get any easier this week. Smith is second in the NFL in attempts, completions and passing yards and is fifth in completion percentage. “It’s been a remarkable turnaround for him in terms of just where he started,” Packers coach Matt LaFleur said. “It’s not always where you start, but where you finish. And it tells me a lot about the person in terms of his resiliency and ability to fight through some adversity. He’s a dangerous quarterback.” The potential return of former All-Pro cornerback Jaire Alexander (knee) could help the Packers. Will the Packers break out their head-to-toe white uniforms? The last time Green Bay wore the winter white look was in a 24-22 win over Houston in October. The Packers asked fans to weigh in on social media . As for the Seahawks, they'll be sporting their “Action Green” uniforms. Metcalf is a fan. “I would say this about the Action Green, I love them personally in my opinion, but the big guys hate them. I don’t know why, don’t ask me," he said. “Hopefully, the Packers wear all white, so it’ll be a fun-looking game.” AP NFL: https://apnews.com/hub/nfl
Shares of Google parent Alphabet rose about 5% on Tuesday after it unveiled a new generation chip that the company said helped overcome a key challenge in quantum computing. Google on Monday introduced a new chip called Willow, which solved in five minutes a computing problem that would take a classical computer more time than the history of the universe. Tech companies are chasing quantum computing in hopes of developing systems that perform at speeds far faster than traditional silicon-based computers. The building blocks of quantum computers, called "qubits", while being fast, are error-prone, making it hard to ensure quantum computers are reliable and commercially viable. The more qubits used in quantum computing, the more errors typically occur. But Google said on Monday it found a way to string together qubits in the Willow chip so that error rates decline as the number of qubits rise, adding that it can also correct errors in real time. Artificial Intelligence(AI) AI for Everyone: Understanding and Applying the Basics on Artificial Intelligence By - Ritesh Vajariya, Generative AI Expert View Program Web Development Java 21 Essentials for Beginners: Build Strong Programming Foundations By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development JavaScript Essentials: Unlock AI-Driven Insights with ChatGPT By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) AI-Powered Python Mastery with Tabnine: Boost Your Coding Skills By - Metla Sudha Sekhar, IT Specialist and Developer View Program Artificial Intelligence(AI) Collaborative AI Foundations: Working Smarter with Machines By - Prince Patni, Software Developer (BI, Data Science) View Program Web Development Master RESTful APIs with Python and Django REST Framework: Web API Development By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Digital Marketing Masterclass by Neil Patel By - Neil Patel, Co-Founder and Author at Neil Patel Digital Digital Marketing Guru View Program Web Development Intermediate C++ Skills: Master Pointers, Structures and File Stream By - Metla Sudha Sekhar, IT Specialist and Developer View Program Entrepreneurship Building Your Winning Startup Team: Key Strategies for Success By - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience View Program Strategy Succession Planning Masterclass By - Nigel Penny, Global Strategy Advisor: NSP Strategy Facilitation Ltd. View Program Data Science SQL for Data Science along with Data Analytics and Data Visualization By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Digital marketing - Wordpress Website Development By - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expert View Program Artificial Intelligence(AI) ChatGPT Mastery from Zero to Hero: The Complete AI Course By - Metla Sudha Sekhar, IT Specialist and Developer View Program Marketing Performance Marketing for eCommerce Brands By - Zafer Mukeri, Founder- Inara Marketers View Program Web Development 12-Factor App Methodology: Principles and Guidelines By - Prince Patni, Software Developer (BI, Data Science) View Program Web Development Maximizing Developer Productivity: The Pomodoro Technique in Practice By - Prince Patni, Software Developer (BI, Data Science) View Program Finance A2Z Of Money By - elearnmarkets, Financial Education by StockEdge View Program Office Productivity Mastering Microsoft Office: Word, Excel, PowerPoint, and 365 By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development Mastering Full Stack Development: From Frontend to Backend Excellence By - Metla Sudha Sekhar, IT Specialist and Developer View Program Web Development A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024 By - Metla Sudha Sekhar, IT Specialist and Developer View Program "While (there are) no current uses, (Willow) will have major implications in science, medicine and finance. Willow reduces errors exponentially and could lead to major breakthroughs and discoveries across industries," said Thomas Hayes, chairman and managing member at Great Hill Capital. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Alphabet's shares were on track for their best day since late April. The stock has risen 25% so far this year, as of Monday's close. The company's shares trade at a 12-month forward price-to-earnings ratio of 19.58, compared with Microsoft's 32.03 and Amazon's 36.79, according to data compiled by LSEG. Earlier this year, Microsoft and quantum computing firm Quantinuum said they achieved a key step in making quantum computers a commercial reality by making them more reliable.UBS's Lefkowitz says U.S. stock valuations are 'reasonable'
Manmohan Singh's father may have believed his bookworm son would one day lead India, but the understated technocrat with the trademark blue turban, who died Thursday at the age of 92, never dreamed it would actually happen. Singh was pitchforked into leading the world's largest democracy in 2004 by the shock decision of Congress leader Sonia Gandhi to turn down the role after leading the party to an upset win over the ruling Hindu nationalists. He oversaw an economic boom in Asia's fourth-largest economy in his first term, although slowing growth in later years marred his second stint. Known as "Mr Clean", Singh nonetheless saw his image tarnished during his decade-long tenure when a series of corruption cases became public. As finance minister in the early 1990s, he was hailed at home and abroad for initiating big-bang reforms that opened India's inward-looking economy to the world. Known as a loyalist to the Gandhi political dynasty, Singh studied economics to find a way to eradicate poverty in the vast nation and never held elected office before becoming PM. But he deftly managed the rough and tumble of Indian politics -- even though many said Sonia Gandhi, the Italian-born widow of the assassinated Rajiv Gandhi, was the power behind the throne. Born in 1932 in the mud-house village of Gah in what is now Pakistan, Singh moved to the holy Sikh city of Amritsar as a teenager around the time the subcontinent was split at the end of British rule into mainly Hindu India and Muslim Pakistan. His father was a dry-fruit seller in Amritsar, and he had nine brothers and sisters. He was so determined to get an education he would study at night under streetlights because it was too noisy at home, his brother Surjit Singh told AFP in 2004. "Our father always used to say Manmohan will be the prime minister of India since he stuck out among the 10 children," said Singh. "He always had his nose in a book." Singh won scholarships to attend both Cambridge, where he obtained a first in economics, and Oxford, where he completed his PhD. He worked in a string of senior civil posts, served as a central bank governor and also held various jobs with global agencies such as the United Nations. Singh was tapped in 1991 by then Congress prime minister P.V. Narasimha Rao to reel India back from the worst financial crisis in its modern history -- currency reserves had sunk so low the country was on the brink of defaulting on foreign loans. Singh unleashed sweeping change that broke sharply with India's Soviet-style state-directed economy. In his first term he steered the economy through a period of nine-percent growth, lending the country the international clout it had long sought. He also sealed a landmark nuclear deal with the US that he said would help India meet its growing energy needs. But by 2008 there was growing disquiet among the ruling alliance's left-leaning parties about the pact, while high inflation -- notably food and fuel prices -- hit India's poor hard. Still, voters remained drawn to his calm, pragmatic persona, and in 2009 Congress steered its alliance to a second term. Singh vowed to step up financial reforms to drive economic growth, but he came under increasing fire from critics who said he had done nothing to stop a string of corruption scandals on his watch. Several months before the 2014 elections, Singh said he would retire after the polls, with Sonia Gandhi's son Rahul earmarked to take his place if Congress won. But Congress crashed to its worst-ever result at that time as the Hindu-nationalist Bharatiya Janata Party, led by Narendra Modi, won a landslide. More recently, an unflattering book by a former aide titled "The Accidental Prime Minister" portrayed him as timid and controlled by Sonia Gandhi. Singh -- who said historians would be kinder to him than contemporary detractors -- became a vocal critic of Modi's economic policies, and more recently warned about the risks that rising communal tensions posed to India's democracy. pmc-grk/abh/fox/leg/smsWLM6RT-160A-3300 3P: The Versatile and Adjustable MCCB for Comprehensive Electrical Protection 12-26-2024 06:02 PM CET | Industry, Real Estate & Construction Press release from: ABNewswire In the realm of electrical safety and protection, the selection of appropriate circuit breakers is paramount. Among the myriad of options available, the WLM6RT Series stands out with its innovative features and robust design. Specifically, the WLM6RT-160A-3300 3P [ https://www.w9-group.com/wlm6-series-thermal-magnetic-type-mccb-400v-690v-160a-3-4-poles-1-product/ ], a thermal-magnetic molded case circuit breaker (MCCB), offers unparalleled flexibility and protection for electrical systems operating within the 400V to 690V range. This article delves into the detailed functionalities, adjustable features, and overall benefits of this versatile MCCB, highlighting its critical role in ensuring electrical safety and efficiency. Image: https://ecdn6.globalso.com/upload/p/1205/image_other/2024-11/a-1.png The Core of Electrical Safety: The WLM6RT Series MCCB The WLM6RT Series is a testament to the evolving demands of electrical protection. These MCCBs are engineered to combine advanced protection features with ease of use, making them ideal for a wide range of applications. The WLM6RT-160A-3300 3P, in particular, is designed to cater to systems requiring a rated current of 160A, with the option for either 3-pole or 4-pole configurations. Its rated working voltage of 400V/690V further underscores its versatility, enabling it to be deployed in diverse electrical environments. Image: https://ecdn6.globalso.com/upload/p/1205/image_other/2024-11/b.png Adjustable Overload Settings: Tailoring Protection to Specific Needs One of the most notable features of the WLM6RT-160A-3300 3P is its adjustable overload settings. Unlike traditional circuit breakers that offer fixed protection levels, this MCCB [ https://www.w9-group.com/adjustable-mccb/ ] allows for the customization of its overload protection parameters. The overload settings can be adjusted to 0.7ln, 0.8ln, 0.9ln, and 1.0ln, where "ln" refers to the rated current of the breaker, which in this case, is 160A.This adjustability is crucial as it enables the MCCB to provide optimal protection tailored to the specific needs of the electrical system it is safeguarding. For instance, in systems where temporary overloads are common, adjusting the overload setting to a higher threshold can prevent unnecessary tripping, ensuring uninterrupted power supply during normal current fluctuations. Conversely, in systems where precise overload protection is essential, setting the threshold lower can provide enhanced safety measures.The adjustable overload settings also facilitate better harmonization between the MCCB and the connected electrical equipment. By aligning the protection levels with the operational characteristics of the equipment, the risk of damage due to overcurrent events is significantly reduced. This, in turn, extends the lifespan of the equipment and minimizes maintenance costs. Instantaneous Protection with Adjustable Settings: Swift Response to Short-Circuit Faults In addition to its adjustable overload settings, the WLM6RT-160A-3300 3P also offers instantaneous protection with adjustable settings. Short-circuit faults pose a significant threat to electrical systems, as they can lead to severe damage and even fires if not detected and interrupted swiftly. The adjustable instantaneous protection settings of this MCCB address this concern effectively.The instantaneous protection settings can be configured to 7ln, 8ln, 9ln, and 10ln, providing a high degree of customization based on the specific requirements of the electrical system. This flexibility ensures that the MCCB responds rapidly to short-circuit faults, limiting the damage and downtime associated with such events.Moreover, the adjustable instantaneous protection settings help minimize the risk of nuisance tripping. Nuisance tripping occurs when a circuit breaker trips unnecessarily due to transient overcurrents that do not pose a significant threat to the system. By fine-tuning the instantaneous protection settings, the WLM6RT-160A-3300 3P can distinguish between genuine fault conditions and harmless transient events, ensuring reliable and uninterrupted power supply. Combining Thermal and Magnetic Protection for Comprehensive Safety The WLM6RT-160A-3300 3P leverages a combination of thermal and magnetic protection mechanisms to provide comprehensive safety for electrical systems. The thermal protection component monitors the current flowing through the circuit and trips the breaker if the current exceeds the safe limits for a sustained period, preventing overheating and potential fires. The magnetic protection component, on the other hand, responds instantly to high fault currents, such as those caused by short circuits. The adjustable instantaneous protection settings mentioned earlier are part of this magnetic protection mechanism. By combining these two protection methods, the WLM6RT-160A-3300 3P ensures that both slow-burning overloads and sudden short-circuit faults are effectively managed. 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Image: https://ecdn6.globalso.com/upload/p/1205/image_other/2024-11/c.png Applications Across Diverse Industries The versatility and robust design of the WLM6RT-160A-3300 3P make it suitable for a wide range of applications across diverse industries. In commercial buildings, it can protect critical electrical infrastructure, ensuring uninterrupted power supply to essential services such as lighting, HVAC systems, and elevators. In industrial settings, it can safeguard machinery and equipment, preventing costly repairs and downtime due to electrical faults.In the residential sector, the MCCB can provide peace of mind by protecting household circuits from overloads and short circuits, ensuring the safety of occupants and preserving the integrity of electrical appliances. Its adjustable settings also cater to the varying needs of different residential configurations, making it an ideal choice for both single-family homes and multi-unit dwellings. Conclusion: The Future of Electrical Protection In conclusion, the WLM6RT-160A-3300 3P [ https://www.w9-group.com/wlm6-series-thermal-magnetic-type-mccb-400v-690v-160a-3-4-poles-1-product/ ] represents a significant advancement in electrical protection technology. Its adjustable overload and instantaneous protection settings provide unparalleled flexibility, enabling it to be tailored to the specific needs of diverse electrical systems. The combination of thermal and magnetic protection mechanisms ensures comprehensive safety, while its compact design and ease of installation facilitate straightforward deployment and maintenance.As the electrical landscape continues to evolve, the need for sophisticated and adaptable protection solutions becomes increasingly important. The WLM6RT-160A-3300 3P meets this need, offering a reliable and efficient solution for ensuring the safety and efficiency of electrical systems across various industries. Its innovative features and robust design position it as a leader in the field of electrical protection, paving the way for a safer and more sustainable electrical future. Media Contact Company Name: W9 group Technology Electronic Co,. Ltd. Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=wlm6rt160a3300-3p-the-versatile-and-adjustable-mccb-for-comprehensive-electrical-protection ] Phone: +8615906878798 Address:No. 36, Punan Second Road, Yueqing Economic Development Zone City: Wenzhou State: Zhejiang Country: China Website: https://www.w9-group.com/ This release was published on openPR.KyKy Tandy scored a season-high 21 points that included a key 3-pointer in a late second-half surge as Florida Atlantic roared back to beat Oklahoma State 86-78 on Thursday in the opening round of the Charleston Classic in Charleston, S.C. Florida Atlantic (4-2) advances to play Drake in the semifinal round on Friday while the Cowboys square off against Miami in the consolation semifinal contest, also Friday. Oklahoma State led by as many as 10 points in the first half before securing a five-point advantage at halftime. The Owls surged back and moved in front with four and a half minutes to play. It was part of an 11-1 run, capped by a 3-pointer from Tandy that made it 75-68 with 2:41 remaining. Ken Evans added 14 points for Florida Atlantic, with Leland Walker hitting for 13 and Tre Carroll scoring 11. The Owls went 35-of-49 from the free throw line as the teams combined for 56 fouls in the game, 33 by Oklahoma State. Khalil Brantley led Oklahoma State (3-1) with 16 points while Robert Jennings added 14 points and 11 rebounds for the Cowboys, who hit one field goal over a 10-minute stretch of the second half while having three players foul out. The Owls were up by as many as seven points in the early minutes and by 13-10 after a layup by Carroll at the 11:32 mark of the first half. Oklahoma State leapfrogged to the front on Abou Ousmane's layup off a Brantley steal, fell behind again on a 3-pointer by Evans and then responded on a 3-pointer by Jennings to take a 17-16 lead. From there, the Cowboys stoked their advantage to double digits when Jamyron Keller canned a shot from beyond the arc with five minutes to play in the half. Florida Atlantic got a layup and a monster dunk from Matas Vokietaitis and a pair of free throws from Walker in a 6-2 run to end the half to pull within 39-34 at the break. Jennings and Ousmane tallied seven points apiece for Oklahoma State over the first 20 minutes, as the Cowboys led despite shooting just 33.3 percent from the floor in the half. Carroll and Vokietaitis scored seven points apiece to pace the Owls, who committed 11 turnovers that translated to seven points for Oklahoma State before halftime. --Field Level Media
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Microsoft and OpenAI have a financial definition of AGI: reportThe City of Hiroshima has named North Carolina–based conceptual artist Mel Chin as the winner of the twelfth Hiroshima Art Prize . Established in 1989, the prize is presented by the city every three years in recognition of a contemporary artist whose work addresses humanitarian issues and contributes to global peace. Chin joins a cohort of recipients including Issey Miyake, Robert Rauschenberg, Leon Golub and Nancy Spero, Krzysztof Wodiczko, Daniel Libeskind, Shirin Neshat, Cai Guo Qiang, Yoko Ono, Doris Salcedo, Mona Hatoum, and Alfredo Jaar. As part of the prize, he will receive a solo exhibition at the Hiroshima City Museum of Contemporary Art. Hiroshima was the first of two Japanese cities on which the US dropped atomic bombs during World War II. Chin—who was born in Houston in 1951, six years after the bombing—in a statement referred to the devastation wrought by that campaign and to the ongoing destruction of the world’s ecological systems. “The significance of this honor cannot be overstated,” he said. “It comes as I live in an area ravaged by destruction in an era of human-induced climate change and as I continue to be a distant witness to the ongoing savagery of bombardments upon innocent and desperate civilian populations. As an American citizen my obligations force an undeniable complicity. The Hiroshima Art Prize strengthens a resolve to resist the support for this indefensible cruelty and protest such involvement. The prize obligates another commitment,” he concluded, “to foster complex ideas and relationships to be tools in the pursuit of ideals aligned with resistance to violence and the expansion of empathy.” Chin through a diverse and uncategorizable practice encompassing sculpture, drawing, painting, video, animation, video games, and large-scale installations addresses environmental and social issues. Many of his projects are collaborative, and many have a scientific component. Exemplary of his oeuvre are Revival Field , 1990, pathbreaking at the time in its use of plants to remove heavy metals from soil, and the 2018 works Unmoored and Wake , placed in New York City’s Times Square and offering a visual preview of the effect that rising seas would have on the metropolis. Chin was selected as the prize winner for his efforts to bring about social change through alternative methods that include community engagement.Donald Trump, eager to turn his inauguration into a global event, is personally extending invitations to some foreign leaders, including heads of state that have clashed with the United States in the recent past. Already, Trump has asked Chinese President Xi Jinping to attend his swearing in, his transition team confirmed Thursday, an exceptionally rare offer extended to the communist leader of one of America’s chief geopolitical rivals. “This is an example of President Trump creating an open dialogue with leaders of countries that are not just allies but our adversaries and our competitors, too,” Trump spokeswoman Karoline Leavitt said during an appearance Thursday on Fox News. A delegation of senior Chinese officials is expected to attend in place of Xi, according to two sources familiar with the matter. El Salvador’s President Nayib Bukele, Italian Prime Minister Giorgia Meloni and Argentinean President Javier Milei have also been invited by Trump or his team, sources confirmed to CNN. All three are close allies of Trump who have also shaken the nerves of the US and its allies at times for their embrace of strongman tactics and their far-right politics. The offers to attend his Washington fêting have been mostly informal, a person with knowledge of the conversations told CNN, and have sometimes come in passing during discussions over the phone about other matters. The person also said that some invitations have gone through back channels, not directly leader-to-leader. Trump has also dictated written invitations as well, a source familiar with the matter said, and had his team send them to foreign leaders. Trump’s transition team did not respond to questions about what other leaders he invited. On Thursday, the president-elect suggested he may invite other foreign leaders people told him may be “a little risky.” “We like to take little chances,” Trump said. “But that’s not a bad chance.” A new diplomatic era for America It is up to the president-elect and his team to determine which guests attend his inauguration, including any world leaders they may invite, one source familiar with the process told CNN. Generally, the bipartisan Joint Congressional Committee on Inaugural Ceremonies and the State Department will reach out to diplomats to attend. The JCCIC has already begun sending invitations to every country’s chief of mission, as part of its typical protocol. It’s rare, however, for heads of state to make international visits to Washington for an inauguration, and it’s up to the discretion of the incoming president to make such asks, the source said. The outreach beyond America’s closest Western allies signals a new diplomatic era for the United States. In an interview with Time conducted in late November and published Thursday, Trump touched on his existing relationships with authoritarian leaders like North Korea’s Kim Jong Un and Russia’s Vladimir Putin – though he declined to say if he has spoken with Putin since winning in November. “I get along with Russia,” Trump told the news magazine, which also named him “Person of the Year” on Thursday. “I get along with a lot of people that people would think I wouldn’t get along with.” The invites to world leaders also speak to Trump’s early interest in reengaging with his foreign peers four years after he left Washington, DC, and the world stage defeated and diminished. In the weeks since completing his political comeback, Trump has spoken with leaders from around the globe and hosted several at his Palm Beach, Florida, club. On social media, he has already engaged in global affairs, threatening Mexico and Canada with 25% tariffs and calling for a ceasefire between Ukraine and Russia. Trump told Time magazine he opposed a new US policy allowing Ukraine to fire long-range missiles into Russia. Trump also has an overseas trip under his belt: a visit to the reopening of the Notre Dame Cathedral in Paris, an appearance that came at the invitation of French President Emmanuel Macron. Trump returned enamored by the pageantry – and also the high-profile attendance. While there, he also met with Ukrainian President Volodymyr Zelensky, the United Kingdom’s Prince William and Meloni. “It was something really beautiful,” Trump said Thursday. “And a lot of world leaders, there were about 80 world leaders, different countries, and they were all coming together.” Trump’s desire for a ‘global stage’ in DC Now, he is looking to turn his inauguration into a similar must-attend affair. “Trump is very eager to have world leaders at the inauguration,” one Trump adviser told CNN. “He wants a global stage.” However, the freewheeling nature of Trump’s invites has made it difficult for even his closest aides to keep track of everyone who has and has not received an invitation to his second inauguration. It also poses additional security challenges for the United States Secret Service, which is mandated to protect all heads of state when they are on US soil. The US Capital Police is already tasked with protecting that day an incoming president who survived two assassination attempts over the summer, as well as the leaders of Congress, the Supreme Court, outgoing President Joe Biden and whichever past presidents attend. Xi is not expected, but it is not entirely clear yet which leaders intend to take Trump up on his offer. Bukele’s office confirmed receiving an invitation on behalf of Trump, however, it is unclear if the Salvadorian president plans on attending. In a recent interview with NBC’s “Meet the Press,” Trump shared that he and Xi had communicated regularly since his election, even as he continues to threaten to launch a broad trade war with China after taking office. Asked earlier Thursday while on the floor of the New York Stock Exchange whether Xi had accepted his invitation, Trump said, “I don’t want to say,” and added that the two leaders had a “very good relationship.” “I’ve invited a lot of great people, and they’ve all accepted,” Trump said. “Everybody I’ve invited has accepted.” CNN’s David Culver and Kayla Tausche contributed to this report.
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