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( MENAFN - EIN Presswire) Commercial Airport Lighting Global market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033 The Business Research Company's Early Year-End Sale! Get up to 30% off detailed market research reports-for a limited time only! LONDON, GREATER LONDON, UNITED KINGDOM, December 13, 2024 /EINPresswire / -- The Business Research Company's Early Year-End Sale! Get up to 30% off detailed market research reports-limited time only! How Has The Commercial Airport Lighting Market Performed In Recent Years? The commercial airport lighting market size has grown robustly in recent years. Marked growth from $0.93 billion in 2023 to $0.99 billion in 2024 occurred at a compound annual growth rate CAGR of 6.6%. This growth in the historic period can be traced back to increasing demand for air travel, the push towards modernizing existing airports, rising demand for airport lighting systems, an increase in disposable income, and ever-growing focus on enhancing airport safety. Sample the comprehensive insights into the Global Commercial Airport Lighting Market with a detailed report here: What Does The Future Have In Store For The Commercial Airport Lighting Market? Looking ahead, the commercial airport lighting market is slated for strong growth. It is projected to reach a sizable $1.29 billion by 2028, at a compound annual growth rate CAGR of 6.7%. This growth in the forecast period is predicted to be spurred by an increasing demand for customized lighting solutions, population growth, increasing airport expansion projects, a rise in tourism and travel demand, and the impact of globalization and increased connectivity on the market. Secure the full Commercial Airport Lighting Global Market report here: What Are The Major Trends Influencing The Growth Of The Commercial Airport Lighting Market? Major trends during the forecast period include advancements in LED lighting technology, adoption of smart and intelligent lighting systems, significant developments in wireless communication technologies, enhancements in lighting control systems, the burgeoning development of smart cities, strides forward in lighting design and engineering, and breakthroughs in smart lighting systems. How Is Rising Demand for Air Travel Impacting the Market? The increasing demand for air travel is expected to propel the growth of the commercial airport lighting market going forward. Air travel entails traveling by aircraft, including airplanes or helicopters, transporting passengers or cargo from one location to another via air. Continuous economic growth, increased global connectivity, and the affordability of flights, combined, have fueled the rise in air travel. Commercial airport lighting significantly enhances air travel by ensuring safe and efficient aircraft takeoffs, navigation, and landings, even in low visibility conditions. For instance, in December 2023, Eurostat, a Luxembourg-based statistical office of the European Union reported a major surge in air travel within EU borders. The total number of passengers reached 820 million in 2022 marking a significant increase of 119.3% compared to the prior year. Therefore, this rising demand for air travel is a key driver of the commercial airport lighting market. Who Are The Key Players In The Commercial Airport Lighting Market? Major companies operating in the commercial airport lighting market include Siemens AG, Honeywell International Inc., ABB Ltd, Collins Aerospace, Safran S.A., Eaton Corporation plc, Hella GmbH & Co. KGaA, Signify N.V., OSRAM GmbH, and Acuity Brands Inc., among others. What Market Segments Are Present In The Commercial Airport Lighting Market? The commercial airport lighting market covered in this report is segmented as follows: 1 By Type: Runway Lighting Systems, Taxiway Lighting Systems, Apron Lighting Systems. 2 By Technology: Light-Emitting Diode LED, Non-Light-Emitting Diode LED. 3 By Position: Inset Airfield Lights, Elevated Airfield Lights, Precision Approach Path Indicator PAPI. 4 By Application: Landside, Airside, Terminal Side. What Is The Regional Distribution Of The Commercial Airport Lighting Market? In 2023, North America was the largest region in the commercial airport lighting market. Moving forward, Asia-Pacific is expected to be the fastest-growing region in the forecast period. 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Disagreement between the U.S. and China is increasing across trade and global influence issues. Reports from the recent Asian economic summit show a bitterness in it. Established economies like the U.S. and Australia want to develop a naval base in Papua New Guinea to contain China. The U.S. is cautioning poorer countries from borrowing money from China. Excerpts below from a BBC report show the deep levels of enmity. Apec summit ends without statement over US-China division - BBC News An Asian economic summit has ended without a formal leaders' statement for the first time because of US-China divisions over trade. The US and China revealed competing visions for the region at the summit. The two countries have been engaged in a tit-for-tat trade war this year. During the summit, the US said it would join Australia in developing a naval base in Papua New Guinea, in an apparent move to curb China's growing influence. Mr Pence later said he was prepared to "more than double" the tariffs imposed on Chinese goods. He also criticised China's massive Belt-and-Road infrastructure programme, warning smaller countries that "opaque" Chinese development loans led to "staggering debt". He urged countries to work with the US instead, saying the US did not "coerce, corrupt or compromise your independence". Old economies are never pleased to see emerging economies that are more flexible, energetic, and pro-active in creating new trade models. The Belt and Road Initiative is a development strategy adopted by the Chinese government involving infrastructure development and investments in Silk Road countries in Europe, Asia, and Africa on both overland and sea routes. Building infrastructure in these countries is a much sounder economic model than locating mobile multi-national enterprises or military bases or occupation. The downside is that it can involve incurring substantial debt which eventually requires getting a country’s finances into better shape to afford repayments in order to own the assets. Beijing’s multi-billions dollar Belt and Road Initiative (BRI) has been called a Chinese Marshall Plan, a state-backed campaign for global dominance, a stimulus package for a slowing economy, and a massive marketing campaign for something that was already happening – Chinese investment around the world. Between 2014 and 2016, China's total trade volume in the countries along the Belt and Road exceeded $3 trillion, created $1.1 billion revenues, and 180,000 jobs for the countries involved. Is the U.S. losing ground to China? Should countries refrain from borrowing from China? What are the implications for Europe of a prosperous Silk Road economy? The Silk Road really is an attempt to extend Chinese soft power utilising exactly the same free market principles much espoused by the west for much of the last two centuries. Building a base in Papua New Guinea, which I believe is somewhat North of Australia, seems to be out of the strategic plan of drawing new lines further and further back and issuing dire warnings if China dare cross that new line. It was hugely funny watching the Americans in particular warning of China's attempted influence in the South China Sea. The irony was magnificent. It was the equivalent of the Chinese or Russians warning of increased American naval activity off Hawaii. To answer the question- the new Silk Road plans are a solid indicator that Beijing understands exactly what Washington was preaching through World Trade Organisation talks for many decades middleground said: Disagreement between the U.S. and China is increasing across trade and global influence issues. Reports from the recent Asian economic summit show a bitterness in it. Established economies like the U.S. and Australia want to develop a naval base in Papua New Guinea to contain China. The U.S. is cautioning poorer countries from borrowing money from China. Excerpts below from a BBC report show the deep levels of enmity. Apec summit ends without statement over US-China division - BBC News An Asian economic summit has ended without a formal leaders' statement for the first time because of US-China divisions over trade. The US and China revealed competing visions for the region at the summit. The two countries have been engaged in a tit-for-tat trade war this year. During the summit, the US said it would join Australia in developing a naval base in Papua New Guinea, in an apparent move to curb China's growing influence. Mr Pence later said he was prepared to "more than double" the tariffs imposed on Chinese goods. He also criticised China's massive Belt-and-Road infrastructure programme, warning smaller countries that "opaque" Chinese development loans led to "staggering debt". He urged countries to work with the US instead, saying the US did not "coerce, corrupt or compromise your independence". Old economies are never pleased to see emerging economies that are more flexible, energetic, and pro-active in creating new trade models. The Belt and Road Initiative is a development strategy adopted by the Chinese government involving infrastructure development and investments in Silk Road countries in Europe, Asia, and Africa on both overland and sea routes. Building infrastructure in these countries is a much sounder economic model than locating mobile multi-national enterprises or military bases or occupation. The downside is that it can involve incurring substantial debt which eventually requires getting a country’s finances into better shape to afford repayments in order to own the assets. Beijing’s multi-billions dollar Belt and Road Initiative (BRI) has been called a Chinese Marshall Plan, a state-backed campaign for global dominance, a stimulus package for a slowing economy, and a massive marketing campaign for something that was already happening – Chinese investment around the world. Between 2014 and 2016, China's total trade volume in the countries along the Belt and Road exceeded $3 trillion, created $1.1 billion revenues, and 180,000 jobs for the countries involved. Is the U.S. losing ground to China? Should countries refrain from borrowing from China? What are the implications for Europe of a prosperous Silk Road economy? Click to expand... There are two types of people those who have money and those who don't. Guess who always comes out on top. Lumpy Talbot said: To answer the question- the new Silk Road plans are a solid indicator that Beijing understands exactly what Washington was preaching through World Trade Organisation talks for many decades Click to expand... Agree China has learned well and are developing quickly and quietly. There should be export opportunities for many European countries if their enterprises are willing to do the work required to develop new markets. A strong Asian-European gateway would be welcome. Is there any region that the US hasn't insulted or attacked recently (apart from Saudi Arabia)? Thinking further on the dynamics of the new Silk Road policy it certainly makes sense from the Chinese point of view. The outlay and scope of the project matches a series of Trade Agreements, with such huge amounts of Chinese infrastructure investment they get to influence the voting patterns at the UN with many countries along the route while simultaneously the US is retracting its spend outside the US and becoming more internally focused (the Chinese have the money to spend, the US doesn't). It is clever in that it is a mix of Monopoly and Risk at exactly the right time. If you think back to Reagan's supercharging the US economy in the 80s which effectively drove the Soviet Union into financial collapse the Americans are in no position to get into an economic pissing match with Beijing so it is the right thing for Beijing to do in filling the international vacuum. They have such huge reserves of foreign currency and the Yuan about to emerge as an exchange currency, along with the ability to directly intervene in domestic economics way beyond any level that could be contemplated in the west, that they really are the bankers in the Monopoly game now. And the Silk Road project gives them a strategic spending target allied to both economic and political gains. As for the winners and losers, the countries along the route closest to Chinese interests probably won't feel any different. It gets interesting as you get to Pakistan and India, where India is fuming about the Chinese infrastructure spend in Pakistan and refusing to have anything to do with the Silk Road project accordingly, which doesn't bother China or Pakistan all that much. The western European plans will be interesting- I believe significant infrastructure projects and new links are planned right through to Rotterdam. Might give some European countries a bit more hesitation in following the US line on voting at the UN ultimately. Heh- just remembered that the High Speed Rail Line between London and the Channel Tunnel is already owned by a subsidiary company owned ultimately by Li Ka-Shing, the multibillionaire who is a senior economic advisor to the politburo in Beijing. Socratus O' Pericles said: There are two types of people those who have money and those who don't. Guess who always comes out on top. Click to expand... Those who print it! Socratus O' Pericles said: There are two types of people those who have money and those who don't. Guess who always comes out on top. Click to expand... Yes two types of persons but three types of empire: past, present, and future. It will be future empires that will have the money! Around 90 countries in the Belt Road Initiative (BRI) so it is much different than more recent bilateral engagements by the U.S. Infrastructural projects deliver employment at local level even if it is only housing and feeding the workers. The Belt and Road Initiative: Country Profiles | HKTDC The future will be a bullet train across Europe and Asia. middleground said: Yes two types of persons but three types of empire: past, present, and future. It will be future empires that will have the money! Around 90 countries in the Belt Road Initiative (BRI) so it is much different than more recent bilateral engagements by the U.S. Infrastructural projects deliver employment at local level even if it is only housing and feeding the workers. The Belt and Road Initiative: Country Profiles | HKTDC Click to expand... I agree. The Chinese have money and lots of it and are posseors of a model that will make many trillions more. Exaggeration of THEIR debt problem is nonsense: Most people think of China's growth coming from its burgeoning export sector. But it has a very strong domestic economy and a large public spending program – its called ‘nation building’. ... [T]here is no discussion [in China] about the country drowning in debt and all of that nonsense. [The Chinese] know full well that they are sovereign in their own currency and can deficit spend to further their sense of public purpose." : From "The government really is instrumental in creating growth" by Bill Mitchell, 20 January 2016 Click to expand... Here is the start of the EU strategic response to the Belt Road Initiative: Europes Belt and Road | The Diplomat Reminds me of a man at the post-Christmas sales rush, quietly queueing while all the goods are being snatched up by experienced shoppers Not everyone happy about the possible economic changes that the One Belt Initiative may bring to traditional communities according to a BBC website report: Gunmen have killed at least four people in an attack on the Chinese consulate in the Pakistani port city of Karachi. Gunshots were heard at about 09:30 local time (04:30 GMT) outside the consulate in the upmarket Clifton area. Police shot dead three attackers. Separatist militants who oppose Chinese investment projects in western Pakistan say they carried out the attack. China's ambition widens to include Greenland in the One Belt initiative: How Greenland could become China's Arctic base - BBC News middleground said: Yes two types of persons but three types of empire: past, present, and future. It will be future empires that will have the money! Around 90 countries in the Belt Road Initiative (BRI) so it is much different than more recent bilateral engagements by the U.S. Infrastructural projects deliver employment at local level even if it is only housing and feeding the workers. The Belt and Road Initiative: Country Profiles | HKTDC The future will be a bullet train across Europe and Asia. Click to expand... Except China is a nasty totalitarian dictatorship that eats people up and spits them out. Any comparison between it and western democracies are fraudulent. middleground said: Not everyone happy about the possible economic changes that the One Belt Initiative may bring to traditional communities according to a BBC website report: Gunmen have killed at least four people in an attack on the Chinese consulate in the Pakistani port city of Karachi. Gunshots were heard at about 09:30 local time (04:30 GMT) outside the consulate in the upmarket Clifton area. Police shot dead three attackers. Separatist militants who oppose Chinese investment projects in western Pakistan say they carried out the attack. Click to expand... We have a tale of two ports, 100km apart: Chabahar in Iran, developed with Indian support, and China’s Gwadar port in Pakistan. There are teething troubles with both: https://www.newdelhitimes.com/suicide-bomber-attack-irans-chabahar-port/ Karachi attack: A gunfight in Karachi shakes up Pakistan and China's all-weather alliance - The Economic Times China’s relationship with Pakistan involves a lot more money but also far more resentment. The Pakistanis are well aware of Chinese attitudes to Muslims and South Asians and, given Pakistani levels of paranoia never being much being much below 11/10, we should be in for quite the show. In a way the Belt & Road initiative is really just marketing for what has been going on for a long time. For instance in Africa while the West has long walked away it is China that has stepped in to build infrastructure, power plants, ports, railways and healthcare etc. This has been going on for so long now, that it is what was really behind George W Bush suddenly professing concern over Africa and boosting AIDS spending, if any of you remember that far back. But as usual with the US it was too little, too late, with no strategic long-term commitment and follow-through. In another sense it is an interesting throwback 2000 years to the era of the Roman and Han empires, except with modern technology, telecoms and transport links, which could have interesting and unforeseeable consequences. There's also more than a touch of Mackinder's century-old Heartland/World-Island theory of geo-political dominance. Definitely one to watch - though, as with Mao and the French Revolution, we'll all be long dead before the full implications and consequences of this become obvious. It's way too big and complicated to make specific predictions about the project as a whole. Its success or otherwise will be based on the extent to which the projects service existing demand or create new demand. Chinese infrastructural investment is massively inefficient in some respects and utterly awe-inspiring in other respects. It's hard to apply a hard and fast rule to something that is half-politics and half-economics. However I hope it works out as economic growth on that scale is definitely not a zero sum game. Maybe the U.S. will make it illegal for countries to cooperate together on the Silk road? Congress beating a drum about NOPEC with threat of sanctions against countries that collaborate to work together for a stable oil market: Bill allowing U.S. to sue OPEC drawing renewed interest | Reuters What's next will the EU be sanctioned as an illegal cartel? middleground said: Maybe the U.S. will make it illegal for countries to cooperate together on the Silk road? Congress beating a drum about NOPEC with threat of sanctions against countries that collaborate to work together for a stable oil market: Bill allowing U.S. to sue OPEC drawing renewed interest | Reuters What's next will the EU be sanctioned as an illegal cartel? Click to expand... The US would be outraged by a similar infringement of its own sovereignty.Relief as last-minute crisis talks keep trains on track this weekend

Sean 'Diddy' Combs denied bail a third time as he awaits sex trafficking trialRESTON, Va., Dec. 04, 2024 (GLOBE NEWSWIRE) -- Science Applications International Corp. SAIC announced today that the company's board of directors declared a cash dividend of $0.37 per share of the company's common stock payable on January 24, 2025 to stockholders of record on January 10, 2025. SAIC intends to continue paying dividends on a quarterly basis, although the declaration of any future dividends will be determined by the board of directors each quarter and will depend on earnings, financial condition, capital requirements and other factors. About SAIC SAIC is a premier Fortune 500® technology integrator focused on advancing the power of technology and innovation to serve and protect our world. Our robust portfolio of offerings across the defense, space, civilian and intelligence markets includes secure high-end solutions in mission IT, enterprise IT, engineering services and professional services. We integrate emerging technology, rapidly and securely, into mission critical operations that modernize and enable critical national imperatives. We are approximately 24,000 strong; driven by mission, united by purpose, and inspired by opportunities. SAIC is an Equal Opportunity Employer, fostering a culture of diversity, equity and inclusion, which is core to our values and important to attract and retain exceptional talent. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately $7.4 billion.​​​​ For more information, visit saic.com . For ongoing news, please visit our newsroom . Forward-Looking Statements Certain statements in this release contain or are based on "forward-looking" information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as "expects," "intends," "plans," "anticipates," "believes," "estimates," "guidance," and similar words or phrases. Forward-looking statements in this release may include, among others, estimates of future revenues, operating income, earnings, earnings per share, charges, total contract value, backlog, outstanding shares and cash flows, as well as statements about future dividends, share repurchases and other capital deployment plans. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Legal Proceedings" sections of our Annual Report on Form 10-K, as updated in any subsequent Quarterly Reports on Form 10-Q and other filings with the SEC, which may be viewed or obtained through the Investor Relations section of our website at saic.com or on the SEC's website at sec.gov . Due to such risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC's expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others. Media Contact: Kara Ross publicrelations@saic.com © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

CINCINNATI (AP) — The Cincinnati Bengals have found all manner of ways to lose close games this season. Sunday's 44-38 loss to AFC North rival Pittsburgh can be blamed on a defense that missed tackles and allowed 520 yards of offense, and three turnovers by Joe Burrow. It's become a familiar story in this disappointing season. Cincinnati (4-8) keeps scoring lots of points but can't close out games. Seven of the Bengals’ eight losses this year have been by one score. Burrow has stopped talking about the possibility of going on a run and making the playoffs. He'd just like to win another game or two. “Playoffs are the furthest thing from my mind,” the fifth-year quarterback said. “You never know what can happen, so I’ll keep putting one foot in front of the other and try to be the best player I can be for the rest of the season, week in and week out.” The Bengals allowed Steelers quarterback Russell Wilson to throw for a season-high 414 yards and three touchdowns. After Wilson threw an interception that was returned for a touchdown, the Steelers (9-3) scored on seven of their last nine possessions. They didn't punt until early in the fourth quarter. Burrow lost two fumbles and threw an interception. “We haven’t done enough to earn the win,” coach Zac Taylor said. “It’s a simple as that. It’s nobody else’s fault but our own. We haven’t earned it.” Turnovers aside, Burrow had another strong game, finishing with 28 for 38 for 309 yards with three touchdowns. Burrow is having a great season statistically, and he hasn't hidden his disappointment and frustration about Cincinnati's narrow losses. ... WR Ja'Marr Chase had a touchdown catch to bring his league-leading total to 13. The defense missed tackles and couldn't hold off the Steelers, even with Burrow keeping the game close. It didn’t help that LB Logan Wilson (knee) and DT Sheldon Rankins (illness) had to sit out. The Bengals have allowed 34 or more points six times, including in four of the past five games. Cincinnati became the first NFL team to lose four games in a season in which it scored 33 points or more. RB Chase Brown has been dependable as the featured back since Zack Moss went down with a neck injury. He rushed for 70 yards and a touchdown against the Steelers. He also had three catches for 30 yards. The second-year back has 677 yards rushing and six TDs. “He’s really coming along, improving his game every single week,” Burrow said. “Pass game, run game, running hard, understanding his protection responsibilities. He’s a guy that practices hard, plays hard, and a guy you can count on.” The Bengals' coaching staff. Something has got to give. There was no excuse for the defense to play this badly after a bye week. The unit gave up 500-plus yards for the second time this season. None were reported in the game. 30.3 — The average points per game by the Bengals against teams with a .500 or better record this season. They are 0-7 in those games. The Bengals will try to regroup before facing the Dallas Cowboys (5-7) next Monday night. AP NFL: https://apnews.com/hub/NFLSean 'Diddy' Combs denied bail a third time as he awaits sex trafficking trial

2025 MLB draft prospects: 18 best players led by Ethan Holliday as Nationals win first pick

At least eight U.S. telecom firms have been compromised by a Chinese hacking campaign, a White House official said on Wednesday. The hack , which also affected dozens of other countries, is part of the ongoing and sprawling “Salt Typhoon” campaign – a cyber campaign that the U.S. believes is aimed at gaining access to prominent political figures and government officials’ communications. “The Chinese compromised private companies exploiting vulnerabilities in their systems as part of a global Chinese campaign that’s affected dozens of countries around the world,” Anne Neuberger, deputy National Security Advisor for Cyber and Emerging Technoloy, said. Neuberger added that officials do not believe any classified communications have been compromised thus far. The hacking campaign is one of the largest intelligence compromises in recent U.S. history. Cyberdefense and intelligence officials have already issued guidance recommending companies increase their security measures. So far, officials have not been able to remove the Chinese government hackers from telecommunications companies. China has denied the allegations, according to CNN. U.S. officials have not publicly named companies impacted by the hack campaign but one official told NBC News that AT&T, Verizon and Lumen Technologies have been hacked. One official said the hackers stole metadata information from people’s cellphones. That information can show when, where and with who a person communicates. It is unclear how many people’s phones have had their metadata stolen but officials indicated it was a large group of people – though not every cellphone in the U.S. Senator Mark Warner, Chairman of the Senate Intelligence Committee, said on Thursday that the hacking campaign had reached the deepest parts of the U.S. telecommunications system which could allow hackers to listen to telephone conversation or read text messages. “This is a deeply concerning development for our national security,” Warner wrote on X. FBI officials have recommended people looking to protect their phone communications should use end-to-end encrypted systems like WhatsApp or Signal to text or call. They also recommended implementing multi-factor authentication for social media, email and more.(The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.) Maximilian Brichta , University of Southern California (THE CONVERSATION) Rockets aren’t the only thing Elon Musk is sending into the stratosphere. After a three-year plummet, Dogecoin is blasting off again , jumping 250% since the election of Donald Trump – part of a broader wave of optimism in the industry , due to Trump’s courting of crypto advocates during his campaign. Trump’s informal appointment of Musk to what he calls the Department of Government Efficiency – D.O.G.E for short – also helped pump the dog-themed meme coin . This isn’t the first time Musk, who styles himself as “ the Dogefather ,” has fueled interest in Dogecoin. In May 2021, its price shot up in anticipation of Musk’s guest appearance on “Saturday Night Live.” During one skit, Musk played a financial analyst in conversation with a Weekend Update host, who repeatedly asked him, “What is Dogecoin?” After some obfuscation, Musk’s character finally admitted that it was a hustle. The price of the coin went into a freefall . Just over a year later, it had shed over 90% of its peak value . The losses hit small investors hard. In 2022, one of them filed a class action lawsuit against Musk for market manipulation and insider trading, though the case was dismissed in August 2024. Why has Dogecoin – a meme coin that was never meant to be taken seriously as an investment – seen such extreme swings in value? We’re all in this together Dogecoin was launched in 2013 to spoof bitcoin and a slew of other cryptocurrencies that were claiming to disrupt the traditional world of finance. Two strangers from across the globe met online , copied the code of an existing coin, and branded it with the already popular Doge internet meme – a picture of a Shiba Inu dog surrounded by fragments of broken English: “wow much coin.” Although their main goal was to make the coin pointless and undesirable, it became one of the most popular and enduring cryptocurrencies on the market. Following Dogecoin’s previous surge in 2021, I studied how its fervent network of influencers and everyday investors worked together to draw tremendous attention – and capital – to the joke currency. To understand the appeal of these absurd investments, you have to look at the time and energy that users invest into these networks and the rewards, both financial and social, they get in return. Meme coins are collaborative enterprises. Members of these online communities have an economic incentive to become outspoken boosters: The more the value of Dogecoin rises, the more their investments grow. But they also receive social validation from other meme coin investors when they pump up the coin. In other words, behind every meme coin is a collective of strangers on a communal mission to make more money. Dogecoin and its imitators have been described by their leadership as crypto movements , shared journeys and community-owned projects. Beyond branding the assets with culturally resonant images, whether it’s a Shiba Inu dog or Pepe the Frog , successful crypto ventures are characterized by complex webs of trust. Trust in the technology. Trust in its potential for future appreciation. And trust that those holding power in the networks won’t exploit the rest. This loyalty is woven among a global network of users who collaborate around the clock to promote their coin and demonstrate their unwavering commitment to its success. In times of price appreciation, the collective buzzes with elation . During price dips, community members mutually reinforce their comrades’ – and their own – beliefs that this is just a bump in the road and that their collective efforts will eventually lead to a handsome payoff. Even in the coldest of crypto winters , this ritualistic behavior helps these speculative communities endure. Community serves as a substitute for financial loss. The investment strategies in these communities – and the conviction in their payoff – involve repeating and reposting what others have said, like any traditional internet meme. Trolling traditional valuation The real value of meme coins cannot be understood in the same way as traditional assets, such as stocks and physical commodities. These types of assets have fundamentals, such as a company’s financial statements, or public demand for basic goods, from coffee to oil. Conversely, the fundamentals of meme coins are reflected in their network activity, such as daily active users, and less concrete metrics, such as social sentiment and mindshare – how much public awareness a coin has generated compared with its rivals. Of course, the valuations of traditional assets are also affected by these social factors. The difference is that meme coins offer little by way of productive activity. They add nothing to the economy. Occasionally, their leadership will build financial services around them , but these are generally added as afterthoughts, especially as a way to drum up more speculative excitement. Meme coins troll the traditional conventions of valuation and mock the edicts and dogmas of mainstream investors. And that’s exactly the point. Participation in meme coin communities – or any crypto community, for that matter – entails embracing an alternative economic experience. They are speculative sandboxes for playing outside of the conventional rules of investment. Who let the Doge out? Musk is the quintessential meme coin influencer. As the richest man in the world, he’s viewed by many as a paragon of savvy investing. His massive following extends far beyond Dogecoin’s social network. And his promotional efforts are playful – so playful that the judge in his class-action case dismissed his Dogecoin tweets as mere “puffery” and that “no reasonable investor could rely upon them.” Dogecoin previously reached the peak of its memetic momentum when Musk appeared on “Saturday Night Live.” Now, instead of sitting at the Weekend Update news desk cracking jokes, he’s sitting in Trump’s office advising the president-elect. In other words, Dogecoin’s memetic resonance has ascended from pop culture to politics, helping it capture a bigger slice of the public’s mindshare. While Dogecoin has specifically benefited from Musk’s proximity to Trump, the broader crypto market is leaping with optimism for a crypto-friendly administration. Speaking at the Bitcoin 2024 conference in July, the GOP candidate ensured he’d make the United States “ the crypto capital of the planet .” After pouring $131 million into this election cycle , the crypto industry can now claim 274 pro-crypto members of the U.S. House of Representatives and 20 pro-crypto U.S. senators. Between Musk buddying up with Trump and a shifting regulatory environment, the dog can once again run free. This article is republished from The Conversation under a Creative Commons license. Read the original article here: https://theconversation.com/dogecoin-is-a-joke-so-whats-behind-its-rally-243686 .

Democrats Have a Problem Much Bigger Than Donald TrumpGlobal Chest Freezers Market To Reach $29.72 Billion By 2028 With A Growth Rate Of 12.8%Article content When Geoffrey Hinton strode across the Stockholm Concert Hall stage Tuesday to receive his Nobel Prize for physics from King Carl XVI Gustaf of Sweden, he was beaming. Recommended Videos It has taken decades for many beyond the science community to realize the British Canadian computer scientist’s life’s work was so significant it eventually formed the foundation of artificial intelligence. But on Tuesday, as he accepted the Nobel diploma and its accompanying gold medal with co-laureate John Hopfield, there was no question about the importance of Hinton’s discoveries nor how he has shaped history. Instead, there was only pride for the affable 77-year-old, often called the godfather of AI — and that pride stretched from Stockholm to Toronto. A crowd of about 100 students and colleagues at the University of Toronto, where Hinton is a professor emeritus, gathered at the school’s downtown campus to watch the Nobel ceremony. Two other watch parties took over the school’s Mississauga and Scarborough campuses. Any mention of physics or a sighting of Hinton, clad in a dark suit and white bow tie, generated rousing applause at the Toronto gathering. When the man of the hour headed to retrieve his accolade from the king, a few former students and colleagues wiped tears from their eyes. “There is, at least for me, this sense that Prof. Hinton created the whole ecosystem here, where there are thousands of people who are working on his ideas,” Michael Guerzhoy, one of Hinton’s former students who went on to teach a course Hinton had once led at the university, said before the ceremony began. The idea that earned Hinton the Nobel dates back to the 1980s, when he was working at Carnegie Mellon University in Pittsburgh and AI was far from the buzzy technology it is today. It was then that Hinton developed the Boltzmann machine, which learns from examples rather than instructions and when trained can recognize familiar characteristics in information, even if it has not seen that data before. “It was a lot of fun doing the research but it was slightly annoying that many people — in fact, most people in the field of AI — said that neural networks would never work,” Hinton recalled during a news conference in October when he was named as a Nobel laureate. “They were very confident that these things were just a waste of time and we would never be able to learn complicated things like, for example, understanding natural language using neural networks — and they were wrong.” Neural networks are computational models that resemble the human brain’s structure and functions. When Nobel physics committee chair Ellen Moons presented Hinton to receive his award, she said these networks are good at sorting and interpreting large amounts of data and self-improve based on the accuracy of the results they generate. “Today, artificial neural networks are powerful tools in research fields spanning physics, chemistry and medicine, as well as in daily life,” she said. John DiMarco wasn’t surprised that Hinton’s work paved the way for such possibilities, but the IT director for U of T’s computer science department was taken aback that Hinton’s Nobel came in the unlikely physics category. RECOMMENDED VIDEO DiMarco met Hinton roughly 35 years ago in a job interview and quickly took note of his proclivity for humour and the quirks in how his mind works. “He is quite insightful and he goes straight to the core of things,” DiMarco said. “He would sometimes come out of his office and share some new idea. We didn’t always understand what he was sharing, but he was very excited about it.” Many of those ideas required lots of computing power the school’s systems didn’t have, so DiMarco’s team patched together a solution with graphics processing units from video game consoles. DiMarco brought one of Hinton’s GPUs to the watch party, which was also attended by Joseph Jay Williams, the director of U of T’s Intelligent Adaptive Interventions Lab. Williams took one of Hinton’s classes and said the Nobel winner “changed the course of my life” by encouraging him to go to grad school, which then led him to win the XPRIZE Digital Learning Challenge, a global competition aimed at rewarding people who modernize learning tools and processes. Other notable mentees and alumni of Hinton’s classes include OpenAI co-founder Ilya Sutskever and Cohere co-founders Nick Frosst and Aidan Gomez. With his Nobel win and so many esteemed protege, Williams said Hinton has become a “reluctant celebrity” who is hounded for photos every time he’s on campus. Hinton, however, has taken a much more humble approach to his recent win, which he learned of on a trip to California. He initially thought the call from the academy that gives out the Nobel was “a spoof,” but later realized it had to be real because it was placed from Sweden and the speaker had a “strong Swedish accent.” The award the academy gave him comes with 11 million Swedish kronor (about $1.4 million) from a bequest arranged by Swedish inventor Alfred Nobel. Hinton and Hopfield will split the money, with some of Hinton’s share going to Water First, an Ontario organization working to boost Indigenous access to water, and another unnamed charity supporting neurodiverse young adults. Hinton has said he doesn’t plan to do much more “frontier research. “I believe I’m going to spend my time advocating for people to work on safety,” he said in October. Last year, Hinton left a role he held at Google to more freely speak about the dangers of AI, which he has said include bias and discrimination, fake news, joblessness, lethal autonomous weapons and even the end of humanity. At a Stockholm news conference over the weekend, he said he doesn’t regret the work he did to lay the foundations of artificial intelligence, but wishes he thought of safety sooner. “In the same circumstances, I would do the same again,” he said.Apple Seed Oil Market Trend To Eyewitness Huge Growth $6.9 Billion By 2032

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