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MVP’s Reagan Rus, Burke’s Kailee Frank to play in SDVBCA All-Star gameWill Utah State or Boise State play against San Jose State in the Mountain West semifinals?winhorse/iStock Unreleased via Getty Images It has been around a year since I last looked at Restaurant Brands International ( NYSE: QSR ), owner of the Burger King, Tim Hortons, Popeyes Louisiana Kitchen and Firehouse Subs chains. While I didn't think the valuation Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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Toronto, Ontario–(Newsfile Corp. – November 25, 2024) – Linda Williams, Managing Partner, Clients, Markets & Growth, EY Canada (“EY”), and Rachel Rodrigues, Partner and EY Entrepreneur Of The Year National Program Director, along with program winners, alumni, judges, program sponsors and firm executives, joined Dani Lipkin, Managing Director, Global Innovation Sector, Toronto Stock Exchange, to close the market and celebrate the 30 years of Canada’s EY Entrepreneur Of The Year program. Cannot view this video? Visit: https://www.youtube.com/watch?v=emhxRsIjR54 Since 1994, EY has recognized more than 3300 finalists and 1450 award winners. The program highlights innovative entrepreneurs who excel in balancing passion, determination, character, and skill to create businesses that tackle complex challenges and contribute to shaping the future with confidence. Together with the EY Entrepreneurs Access Network and EY Entrepreneurial Winning Women, EY’s trio of entrepreneurship programs support business growth and scaling while fostering an inclusive ecosystem for all. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/231345 #distroNoneNone
(The Center Square) - Entrepreneur Elon Musk filed for an injunction against OpenAI CEO Sam Altman to keep the AI industry leader a non-profit. Musk’s motion alleges Microsoft and OpenAI are both blocking investments into xAI, his competing artificial intelligence company, and profiting from his early substantial funding and public support of OpenAI as a nonprofit. OpenAI maintains Musk sought to transform OpenAI into a for-profit company headed by Musk himself. Musk has long shared his fears about the possible danger artificial intelligence could pose to humanity, and supported OpenAI on the basis of his belief that the world’s leading AI firm should be dedicated to safety, transparency, and the public good. He has since launched xAI with the goal of surpassing OpenAI. Musk’s motion alleges OpenAI and Microsoft have violated antitrust laws, especially by allowing investment only by firms that vow to not invest in other AI companies, while profiting from technology developed when OpenAI was a Musk-bankrolled nonprofit. “Musk made absolutely clear that his donations—which established and sustained OpenAI, Inc. for years—were conditioned on Altman and [OpenAI President George] Brockman’s firm commitment to operate as a non-profit, devoted to the public good,” said the motion. The motion, filed in California, alleges Altman “approached Musk with a detailed plan to form an AI charity” and promised OpenAI would “remain a non-profit dedicated to the development and broad distribution of open and safe AI for the public benefit, not concentrated for shareholder profit.” The motion says Musk donated over $10 million to OpenAI based on Altman and Brockman’s promises. OpenAI then partnered with Microsoft to access the tech giant’s computing power, which led to large Microsoft ownership stakes in Altman’s for-profit enterprises, to which the motion says “he and Microsoft siphoned the non-profit’s staff and intellectual property,” which ultimately “transformed OpenAI into everything Altman promised Musk it would never be—a closed-source, for-profit monopoly, that rushes unsafe AI products to market, for private commercial gain.” Earlier this year, Microsoft acquired a 49% stake in the profits of OpenAI’s for-profit subsidiary for $13 billion. Musk’s motion says Microsoft and OpenAI now control 70% of the generative-AI market. OpenAI responded to the motion by referring to an earlier statement detailing its relationship with Musk, and said, “Elon’s fourth attempt, which again recycles the same baseless complaints, continues to be utterly without merit.” “In late 2017, we and Elon decided the next step for the mission was to create a for-profit entity,” wrote OpenAI. “Elon wanted majority equity, initial board control, and to be CEO. In the middle of these discussions, he withheld funding.” “We couldn’t agree to terms on a for-profit with Elon because we felt it was against the mission for any individual to have absolute control over OpenAI,” continued OpenAI. In November 2023, OpenAI’s board of directors fired Altman, citing his conflicts of interest, leading hundreds of employees to say they would leave for Microsoft unless Altman were reinstated. The board members who ousted Altman then reinstated him and resigned, allowing Altman to install new board members.
By Renju Jose and Byron Kaye SYDNEY (Reuters) -Australia moved closer on Wednesday to banning social media for children under 16 after the parliament's lower house passed a bill even as Alphabet's Google and Facebook-owner Meta pressed the government to delay the legislation. Marking some of the toughest social media controls in the world, Australia's House of Representatives passed the bill 102 votes to 13 after Prime Minister Anthony Albanese's centre-left Labor government secured bipartisan support for the ban. The Senate is expected to debate the bill later on Wednesday, with the government keen to ensure it is passed by the end of the parliamentary year on Thursday. Albanese, trying to lift his approval ratings ahead of an election expected in May, has argued that excessive use of social media poses risks to the physical and mental health of children and is looking for support from parents. The planned law would force social media platforms to take reasonable steps to ensure age-verification protections are in place. Companies could be fined up to A$49.5 million ($32 million) for systemic breaches. Australia plans to trial an age-verification system that may include biometrics or government identification to enforce the ban. A Senate committee backed the bill this week, but also inserted a condition that social media platforms should not force users to submit personal data such as passport and other digital identification to prove their age. The committee added that the government must "meaningfully engage" with youth when framing the law. "Young people, and in particular diverse cohorts, must be at the centre of the conversation as an age restriction is implemented to ensure there are constructive pathways for connection," committee Chair Senator Karen Grogan said. In submissions to parliament, Google and Meta said the ban should be delayed until the age-verification trial finishes, expected in mid-2025. Bytedance's TikTok said the bill needed more consultation, while Elon Musk's X said the proposed law might hurt children's human rights. IMPACT ON FAMILIES The ban was first announced during an emotionally charged parliamentary inquiry into social media, which included testimony from parents of children who had self-harmed due to cyber bullying. It has fuelled vigorous debate with youth advocates arguing it robs children of a voice and parent groups saying under-16s are too young to navigate the digital world. Teenagers have said the law could cut them off from their most important social and family connections, arguing a ban is not the solution. "I understand that using social media a lot is not a good thing and I'm working on it," said Sydney high-school student Enie Lam, 16. "But a ban is not going to work," she said. Albanese's party, which does not control the Senate, won crucial support from the opposition conservatives for the bill, but has failed to win over the left-leaning Greens and some far-right lawmakers on civil liberties and privacy grounds. One conservative lower house member broke from their party and voted against the bill on Wednesday, a rare event in Australian politics, and two conservative senators said they also would vote against it, arguing the law should be delayed until the age-verification trial was complete. Even the Australian Human Rights Commission, an independent statutory authority, opposed the ban saying it violated children's rights to self-expression and to participate in society. Still, polling shows public support overwhelmingly in favour of the move. A YouGov survey released this week showed 77% of Australians backed the ban, up from 61% in August. Australian media, from the publicly owned Australian Broadcasting Corp to Rupert Murdoch's News Corp, also support the ban. An editorial campaign by News Corp, the country's biggest newspaper publisher, pushed for the ban under the banner "Let Them Be Kids". "Our members feel that this is one of the biggest issues impacting on themselves and their families at the moment," said Jenny Branch-Allen, president of the Australian Parents Council, an advocacy group. "Big companies have to start taking responsibility. Let's try and reduce the incidents we're hearing involved with social media and young people in Australia." ($1 = 1.5451 Australian dollars) (Reporting by Renju Jose in Sydney; Editing by Sonali Paul and Kate Mayberry)
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