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Polls close in Uruguay’s election, with ruling coalition and opposition headed for photo finish

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Russia's President Vladimir Putin declared on Friday that the nation would continue testing its new Oreshnik hypersonic missile in combat scenarios, emphasizing a stockpile ready for imminent deployment. This announcement followed the missile's initial launch into Ukraine, a move justified by Ukraine's prior missile strikes utilizing U.S. and British weaponry. The Kremlin leader hailed the missile's initial deployment as a trial success, vowing further tests conditioned on emerging security threats. "We will maintain these tests, particularly under combat conditions," Putin stated via televised remarks to defense officials and missile engineers. Security analysts noted that the Oreshnik missile features multiple warheads capable of targeting various objectives simultaneously. The repercussions of this advanced technology have exacerbated tensions, leading to Ukrainian President Volodymyr Zelenskiy denouncing it as a significant escalation in the conflict. (With inputs from agencies.)The company opens international research contest to strengthen technology leadership; open for entries until January 31, 2025 Selected researchers to receive annual research funding of up to USD 150,000 annually BIC program revamped to enhance two-way collaboration between industry and academia SEOUL, South Korea , Dec. 26, 2024 /PRNewswire/ -- LG Energy Solution (KRX: 373220) has announced its launch of the 'Battery Innovation Contest (BIC) 2025' to identify and support the next groundbreaking battery technologies. Innovators from universities and research institutions worldwide are encouraged to submit proposals until January 31, 2025 , at https://bridge.lgensol.com/ . Since its inaugural competition in 2017, BIC has been LG Energy Solution's flagship research contest. This year's edition has been revamped to foster greater collaboration between academia and industry. Selected researchers will receive annual research funding of up to USD 150,000 annually. Additional funding may be granted to projects making significant achievements through extended contracts. Maximizing Industry–Academia Benefits through Two-way Communication Unlike previous iterations of the competition, 'BIC 2025' allows participants to submit proposals on specific topics pre-announced by LG Energy Solution. "By presenting specific research optics, we aim to go beyond merely supporting academia and maximize the mutual benefits between the industry and academia," said an LG Energy Solution spokesperson. To facilitate active collaboration, LG Energy Solution has introduced the ' BRIDGE ' system, a platform designed to manage open innovation programs like BIC. The system facilitates seamless collaborations with features that help teams working on joint research projects track their objectives and deliverables. LG Energy Solution has unveiled the preselected 18 research topics for collaborative projects on the ' BRIDGE ' platform, such Battery Safety diagnosis algorithm technology and New materials for LFP Batteries topic. At the same time, the contest retains its traditional format to ensure participants are free to propose completely original research ideas. All research proposals must be submitted through the ' BRIDGE ' system. "Providing Differentiated Customer Value via Enhanced Technology Leadership" To protect the original ideas of every participant, LG Energy Solution has split the application process into two stages: initial proposals that provide concise information, followed by detailed proposals from a shortlist of candidates. This change aims to safeguard the ideas of researchers not selected for funding. "The BIC platform serves as a bridge of wisdom between members of academia and industry, driving technological innovation for the all-important battery sector," said Je-Young Kim , CTO of LG Energy Solution. "Through this initiative, we aim to provide differentiated value to our customers by strengthening our technology leadership." As of today, LG Energy Solution has supported 26 battery research projects through the 'BIC' initiative, with some evolving into large-scale projects that have received additional funding and resources. Thanks to the success of this competition, the company continues to establish partnerships with world-leading universities and research institutions, reinforcing its commitment to preparing the battery field for the future. About LG Energy Solution LG Energy Solution (KRX: 373220), a split-off from LG Chem, is a leading global manufacturer of lithium-ion batteries for electric vehicles, mobility, IT, and energy storage systems. With 30 years of experience in revolutionary battery technology and extensive research and development (R&D), the company is the top battery-related patent holder in the world with over 58,000 patents. Its robust global network, which spans North America, Europe, and Asia , includes battery manufacturing facilities established through joint ventures with major automakers. Committed to building sustainable battery ecosystem, LG Energy Solution aims to achieve carbon neutrality across its value chain by 2050, while embodying the value of shared growth and promoting diverse and inclusive corporate culture. To learn more about LG Energy Solution's ideas and innovations, visit https://news.lgensol.com . View original content: https://www.prnewswire.com/news-releases/lg-energy-solution-hosts-battery-innovation-contest-bic-2025-to-foster-breakthrough-battery-technologies-302339134.html SOURCE LG Energy Solution

MONTEVIDEO, Uruguay (AP) — Uruguayans on Sunday voted in the second round of the country's presidential election , with the conservative governing party and the left-leaning coalition locked in a close runoff after failing to win an outright majority in last month’s vote . The closing of polls started a countdown to the announcement of official results as independent polling firms were preparing to release so-called quick counts. Depending on how tight the vote turns out to be, electoral officials may not call the race for days — as happened in the contentious 2019 runoff that brought center-right President Luis Lacalle Pou to office and ended 15 years of rule by Uruguay’s left-leaning Broad Front. Uruguay's staid election has turned into a hard-fought race between Álvaro Delgado, the incumbent party’s candidate who won 27% in the first round of voting on Oct. 27, and Yamandú Orsi from the Broad Front, who took 44% of the vote in the first round. But other conservative parties that make up the government coalition — in particular, the Colorado Party — notched 20% of the vote collectively, enough to give Delgado an edge over his challenger. Congress ended up evenly split in the October vote. Most polls have shown a virtual tie between Delgado and Orsi, with nearly 10% of Uruguayan voters undecided even at this late stage. Many said they believed turnout would be low if voting weren't compulsory in the country. “Neither candidate convinced me and I feel that there are many in my same situation," said Vanesa Gelezoglo, 31, in the capital, Montevideo, adding she would make up her mind at “the last minute.” Analysts say the candidates' lackluster campaigns and broad consensus on key issues have generated extraordinary indecision and apathy in an election dominated by discussions about social spending and concerns over income inequality but largely free of the anti-establishment rage that has vaulted populist outsiders to power elsewhere . “The question of whether Frente Amplio (the Broad Front) raises taxes is not an existential question, unlike what we saw in the U.S. with Trump and Kamala framing each other as threats to democracy," said Nicolás Saldías, a Latin America and Caribbean senior analyst for the London-based Economist Intelligence Unit. “That doesn't exist in Uruguay.” Both candidates are also appealing to voter angst over a surge in violent crime that has shaken a nation long regarded as one of the region’s safest, with Delgado promising tough-on-crime policies and Orsi advocating a more community-oriented approach. Delgado, 55, a rural veterinarian with a long career in the National Party, campaigned on a vow to continue the legacy of current President Lacalle Pou — in some ways making the election into a referendum on his leadership. He campaigned under the slogan “re-elect a good government." While a string of corruption scandals rattled Lacalle Pou's government last year, the president — who constitutionally cannot run for a second consecutive term — now enjoys high approval ratings and a strong economy expected to grow 3.2% this year, according to the International Monetary Fund. Inflation has also eased in recent months, boosting his coalition. Delgado served most recently as Secretary of the Presidency for Lacalle Pou and promises to pursue his predecessor's pro-business policies. He would continue pushing for a trade deal with China that has raised hackles in Mercosur, an alliance of South American countries promoting regional commerce. "We have to give the government coalition a chance to consolidate its proposals,” said Ramiro Pérez, a street vendor voting for Delgado on Sunday. Orsi, 57, a former history teacher and two-time mayor from a working-class background, is widely seen as the political heir to iconic former President José “Pepe” Mujica , an ex-Marxist guerilla who raised Uruguay's international profile as one of the region's most socially liberal and environmentally sustainable nations during his 2010-2015 term. His Broad Front coalition oversaw the legalization of abortion, same-sex marriage and the sale of marijuana in the small South American nation of 3.4 million people. “He's my candidate, not only for my sake but also for my children's,” Yeny Varone, a nurse, said of Orsi. “In the future they'll have better working conditions, health and salaries.” Mujica, now 89 and recovering from esophageal cancer , was among the first to cast his ballot after polls opened. “Uruguay is a small country, but it has earned recognition for being stable, for having a citizenry that respects institutional formalities,” he told reporters from his local polling station. “This is no small feat.” While promising to forge a “new left” in Uruguay, Orsi plans no dramatic changes. He proposes tax incentives to lure investment and social security reforms that would lower the retirement age but fall short of a radical overhaul sought by Uruguay's unions. The contentious plebiscite on whether to boost pension payouts failed to pass in October, with Uruguayans rejecting generous pensions in favor of fiscal constraint. Both candidates pledged full cooperation with each other if elected. “I want (Orsi) to know that my idea is to form a government of national unity,” Delgado told reporters after casting his vote in the capital's upscale Pocitos neighborhood. He said that if he won, he and Orsi would chat on Monday over some yerba mate, the traditional herbal drink beloved by Uruguayans. Orsi similarly pledged a smooth and respectful transition of power, describing Sunday's democratic exercise as “an incredible experience" as he voted in Canelones, the sprawling town of beaches and cattle ranches just north of Montevideo where he served as mayor for a decade. “The essence of politics is agreements,” he said. “You never end up completely satisfied.” Associated Press writer Isabel DeBre in Villa Tunari, Bolivia, contributed to this report.UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of UiPath Inc. ( NYSE:PATH – Free Report ) by 75.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,004,872 shares of the company’s stock after selling 3,017,269 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.18% of UiPath worth $12,862,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Pacer Advisors Inc. acquired a new stake in UiPath in the 2nd quarter valued at about $69,180,000. Senvest Management LLC grew its stake in UiPath by 16.7% in the 3rd quarter. Senvest Management LLC now owns 10,894,483 shares of the company’s stock valued at $139,449,000 after acquiring an additional 1,559,500 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in UiPath in the 2nd quarter valued at about $13,280,000. AQR Capital Management LLC grew its stake in UiPath by 120.6% in the 2nd quarter. AQR Capital Management LLC now owns 1,633,393 shares of the company’s stock valued at $20,385,000 after acquiring an additional 892,845 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in UiPath by 37.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,783,571 shares of the company’s stock valued at $35,296,000 after acquiring an additional 754,519 shares during the last quarter. 62.50% of the stock is owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades A number of equities research analysts recently commented on the stock. Wells Fargo & Company lowered their price objective on shares of UiPath from $15.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 23rd. DA Davidson boosted their target price on shares of UiPath from $13.00 to $15.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Bank of America boosted their target price on shares of UiPath from $16.00 to $18.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Royal Bank of Canada reissued a “sector perform” rating and issued a $16.00 target price on shares of UiPath in a research note on Friday. Finally, BMO Capital Markets boosted their target price on shares of UiPath from $15.00 to $16.00 and gave the company a “market perform” rating in a research note on Friday. Sixteen analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $17.71. Insiders Place Their Bets In other UiPath news, CFO Ashim Gupta sold 47,671 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $12.07, for a total transaction of $575,388.97. Following the transaction, the chief financial officer now owns 849,917 shares in the company, valued at $10,258,498.19. The trade was a 5.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink . 22.37% of the stock is currently owned by insiders. UiPath Price Performance Shares of NYSE:PATH opened at $14.81 on Friday. The firm has a market capitalization of $8.14 billion, a PE ratio of -92.56 and a beta of 0.94. The business has a 50-day moving average of $13.10 and a two-hundred day moving average of $12.83. UiPath Inc. has a 12 month low of $10.37 and a 12 month high of $27.87. UiPath ( NYSE:PATH – Get Free Report ) last announced its quarterly earnings results on Thursday, September 5th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. The company had revenue of $316.00 million during the quarter, compared to analyst estimates of $303.69 million. UiPath had a negative return on equity of 3.98% and a negative net margin of 8.13%. The firm’s revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.09) earnings per share. As a group, research analysts anticipate that UiPath Inc. will post -0.23 earnings per share for the current year. About UiPath ( Free Report ) UiPath Inc provides an end-to-end automation platform that offers a range of robotic process automation (RPA) solutions primarily in the United States, Romania, the United Kingdom, the Netherlands, and internationally. The company offers a suite of interrelated software to build, manage, run, engage, measure, and govern automation within the organization. Featured Stories Want to see what other hedge funds are holding PATH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for UiPath Inc. ( NYSE:PATH – Free Report ). Receive News & Ratings for UiPath Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UiPath and related companies with MarketBeat.com's FREE daily email newsletter .South Alabama defeats Jacksonville State 76-74

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There's a story from the earliest days of cinema that seems applicable to Sora, the text-to-video creation tool launched by OpenAI this week. And given that Sora's servers are struggling with demand , with many OpenAI subscribers still waiting to try it out, we've got time for stories. You probably know of Arrival of a Train at La Ciotat Station (1896) by the Lumiere brothers, even if you've never seen it. Like Sora, the Lumieres created very short movies that showcased the latest tech. We're talking cinematograph rather than AI rendering, and a luxurious 50 seconds of film rather than the maximum 20 seconds allowed in Sora videos. Still, it's the same principle: This was an early peek at a shockingly new form of entertainment. According to legend — a legend cemented in Martin Scorcese's charming movie about a boy in the Lumiere era, Hugo (2011) — Arrival of a Train audiences ran in terror from a steam engine that appeared to be heading straight for them. A similar sense of panic clings to Sora — specifically, panic about what AI videos might do to further crack up our "post-truth" media landscape. The average viewer is already having a hard time judging what is real and what isn't, and the problem is worse if they're depressed . We're living in a golden age of conspiracy theories. The world's richest man already shared an AI deepfake video in order to help swing an election. What happens when Sora can make any prompt look as real as something you might see on the evening news — ready-made to spread on social media? OpenAI seems to think its watermarks, both visible and invisible , would prevent any shenanigans. But having downloaded dozens of Sora videos now, I can attest that the visible watermark is tiny, illegible, and fades into the background more often than not. It would be child's play for video editing software to clip it out altogether. So a world of deliberate disinformation, either from bad political actors or influencers trying to gin up their engagement, is barreling down on us like a train. Right? Wrong. Because as the actual story of the Lumiere movie tells us, humans are actually a lot smarter about new video entertainment than we give them credit for. Here's the thing about Arrival of a Train : the legend is almost certainly wrong. We have zero first-hand evidence that audiences fled the cinema, or even flinched when they saw a train approaching in a 50-second clip. Media studies professor Martin Loiperdinger calls the panic tale " cinema's founding myth ," and notes it can be traced back to books written in the second half of the 20th century. It's possible that authors conflated it with the Lumieres' later experimental 3-D version of Arrival of a Train , which screened a handful of times in 1934 and was — like a lot of 3-D movies to come — a novelty, and a commercial failure. So no, early audiences likely did not confuse a moving image of a train with a real train. Rather, they seem to have adapted to the whole concept of movies very quickly. Contemporary accounts of the Lumiere shorts (of which there were dozens; Arrival of a Train was not seen as a stand-out) are filled with excitement at the possibilities now unlocked. "Why, if this continues," wrote one newspaper, Le Courier de Paris , in 1896, "we could almost overcome memory loss, almost put an end to separation, almost abolish death itself." (Spoiler alert: we did not, although that sounds like a great premise for a 19th century Black Mirror episode.) Another periodical, La Science Francais , enthused about the "most unbelievably wonderful sorcery" that had created the cinematograph's "hallucinatory phantasmagoria." Even today's most tech-happy AI boosters would have a hard time endorsing Sora in the same terms. Because like most AI, Sora is often "hallucinatory" — and not in a good way. As I discovered in the moments that OpenAI servers weren't slammed, almost every Sora-generated video has some detail that looks wrong to human eyes. I typed a prompt for "journalist slams desk in frustration at not being able to access AI videos," then noticed a pen that appears and disappears in the journalist's hand. The mistakes went on and on. The novelty factor diminished fast. Friends were amused and a little freaked out by the realness of the swag in "hip-hop artist models a cozy Christmas sweater" — until we spotted that the rapper's gold chain had become a gold pony tail at the back, and the reindeer on the sweater had eight legs. Sora's response to "a funeral mass with circus clowns" pretty much nailed the prompt ... except that the colorful-wigged, red-nosed figure in the casket was missing his body. That's not to say Sora won't have an immediate impact on the moving image industry. Given less outlandish prompts, it could certainly replace a lot of the generic B-roll often seen in YouTube explainers and corporate training videos. (That's assuming OpenAI isn't going to be forced to cease and desist training Sora on internet video footage without the makers' permission.) It is to say that there's a significant barrier to entry when it comes to creating videos featuring anything unusual, anything you're trying to lie about, anything that Sora hasn't been specifically trained on. Rooting out all those mistakes, to the point where we won't immediately notice, can be an exercise in frustration. And perhaps these early mistake-filled AI videos will serve as a kind of mass inoculation — a small dose of the post-truth disease, one that effectively gives our brains AI-resistant antibodies that can better prepare us for a future epidemic of visual fakes. AI video needs to board the clue train I'm certainly less impressed with AI after I prompted Sora for a new take on the Lumieres' Arrival of a Train. I asked for a video where a locomotive does actually break through the projection screen at the end, crushing the cinematograph audience. But Sora couldn't even access the original 50-second short, which is way out of copyright and widely available online (including a version already upscaled by AI ). It hallucinated a movie called "Arrival of a tal [sic] train," apparently released in the year "18965." As for breaking a literal fourth wall, forget about it: despite multiple prompt-rewording attempts, Sora simply couldn't grok what I was asking. The projection screen remained intact. Still, this version of Sora may still be a harbinger of some terrifying visual fakery to come — perhaps when more robust AI video tech falls into the hands of a future D.W. Griffith. Two decades passed between Arrival of a Train and Griffith's infamous movie The Birth of a Nation (1915) — the first real blockbuster, a landmark in the history of cinema, which also happened to be a skewed take on recent American history stuffed with racist lies. Griffith's movie, protested at the time by the NAACP, was hugely influential in perpetuating segregation and reviving the Ku Klux Klan. So yes, perhaps Sora's release is slowly nudging us further in the direction of a fragmented post-truth world. But even in an AI-dominated future, bad actors are going to have to work overtime if they want to do more damage to society than the cinematograph's most dangerous prompts.

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