LG Electronics has a 'worry' in India, and it is called 'LG"With the completion of Seguin High School’s new baseball/softball complex, the school board wanted to ensure that its name encompassed all those who helped shape the programs. During a recent meeting of the Seguin ISD Board of Trustees, board members approved naming the new sports facility Matador Legends Ballpark, while moving forward with naming the softball batting cages in honor of Chloe Belicek and the baseball batting cages in honor of Manuel Rodriguez.Trump’s lawyers rebuff DA’s idea for upholding his hush money conviction, calling it ‘absurd’
Punjab, during a pre-budget meeting with Union finance minister Nirmala Sitharaman in Jaisalmer, raised a demand for central assistance to strengthen its police infrastructure and security efforts in border districts, with a grant of ₹ 1,000 crore. Besides this, the state also sought industrial incentives similar to those provided to Jammu & Kashmir and neighbouring hill states to support Micro, Small and Medium Enterprises (MSMEs). Revealing this in a press release issued here on Sunday, state finance minister Harpal Singh Cheema said that the state has strongly raised the demand to restore NABARD’s Short-Term Seasonal Agricultural Operations (ST-SAO) limit to ₹ 3,041 crore, from the reduced limit of ₹ 1,100 crore for FY 2024-25. “This is vital to prevent farmers from turning to moneylenders, aligning with the ‘Sahakar se Samriddhi’ principle, Cheema said adding that several states raised this issue and it was discussed at length. For road connectivity under PM Gati Shakti in Rajpura, Punjab has requested ₹ 100 crore to construct a 5.6 km, 45m wide approach road connecting NH 44 to the Integrated Manufacturing Cluster (IMC) in Rajpura. This funding is essential for the timely completion of road construction and the successful implementation of the industrial cluster. Expressing gratitude for the Vande Bharat train connecting Amritsar with New Delhi, the Punjab government requested another Vande Bharat train to connect Bathinda, an agricultural and commercial hub, with the national capital. Cheema also proposed financial support to address crop residue management in Punjab. He said despite providing 1.45 lakh crop residue management (CRM) machines since 2018, high operational costs remain a challenge. The Punjab government has proposed an incentive of ₹ 2,500 per acre, with ₹ 2,000 per acre from the Centre and ₹ 500 per acre from the state. The total cost of this initiative is estimated at ₹ 2,000 crore, with the Centre footing ₹ 1,600 crore as budgetary support. Furthermore, the Cheema requested a special budget allocation for paddy diversification. “Diversifying paddy cultivation across 10 lakh hectares could result in substantial savings of over ₹ 30,000 crore. The government has proposed allocating a portion of these savings towards a comprehensive diversification package,” he said as per the press release. In addressing the Pradhan Mantri Awas Yojana (Gramin) scheme, Finance Minister Cheema proposed enhancing the grant from ₹ 1.2 lakh to ₹ 2.5 lakh per beneficiary to accommodate rising construction costs. The minister also highlighted the need to release pending funds under the national health mission (NHM), amounting to ₹ 1,119 crore, and requested an increase in the honorarium for cook-cum-helpers under the PM Poshan Abhiyaan from ₹ 600 to ₹ 2,000 per month. Additionally, Punjab sought support for urban transportation e-bus services, requesting ₹ 300 crore for the procurement of 250 new electric buses and the installation of charging points. The state also called for reimbursement of procurement costs by the Union government, modernization of driving license testing with advanced technology, and reimbursement of pending rural development fee (RDF) amounting to ₹ 6,857 crore.How Virtual Assistant Companies Can Simplify Your Daily Operations
Gurugram, Dec 22 (PTI) Gurugram Cyber Police has arrested a man from Tamil Nadu for running an illegal SIM card racket, officials said on Sunday. The accused, Mohammad Jamil bin Mohammed Iqbal, a resident of Kuala Lumpur, used to buy SIM cards from India and sell them in Malaysia, which cyber fraudsters used to cheat people in this country while sitting abroad, police said. Police have recovered a Malaysian passport, an international driving licence, one health card, one debit card, one mobile phone, and Indian and foreign currency notes from the possession of Iqbal, who was arrested from Trichy in Tamil Nadu on Saturday. Iqbal, who arrived in India on Thursday, took more than 150 SIM cards to Malaysia on two occasions, police said. Two persons who arranged SIM cards for the accused were caught in August along with two others for their alleged involvement in duping a Gurugram resident of Rs 2.81 crore in the name of investment in stock markets. During interrogation, the accused disclosed the name of Iqbal, which prompted the cyber police to issue a look out circular in his name. As soon as he landed in Trichy on Thursday, the airport police caught Iqbal and informed Gurugram Police who took him into custody on Saturday. “Iqbal’s mother was from Tamil Nadu. He also got married to a woman from the state and was well-versed in Tamil. Iqbal, who came to India with another Malaysian accomplice, came in contact with a gang of cyber thugs in February. We are presently questioning the accused,” Priyanshu Dewan, Assistant Commissioner of Police (cyber wing), said. PTI COR ARI ARI This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content. var ytflag = 0;var myListener = function() {document.removeEventListener('mousemove', myListener, false);lazyloadmyframes();};document.addEventListener('mousemove', myListener, false);window.addEventListener('scroll', function() {if (ytflag == 0) {lazyloadmyframes();ytflag = 1;}});function lazyloadmyframes() {var ytv = document.getElementsByClassName("klazyiframe");for (var i = 0; i < ytv.length; i++) {ytv[i].src = ytv[i].getAttribute('data-src');}} Save my name, email, and website in this browser for the next time I comment. Δ document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() );Revealed: UK politics infiltrated by ‘dark money’ with 10% of donations from dubious sources - The Guardian
A suspected Chinese spy with business ties to Prince Andrew is barred from UK LONDON (AP) — A suspected Chinese spy with business ties to Prince Andrew has been barred from the U.K. because of concerns he poses a threat to national security. Danica Kirka, The Associated Press Dec 13, 2024 12:46 PM Dec 13, 2024 1:05 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message FILE -Prince Andrew leaves after attending the Christmas day service at St Mary Magdalene Church in Sandringham in Norfolk, England, Sunday, Dec. 25, 2022. (AP Photo/Kirsty Wigglesworth, File) LONDON (AP) — A suspected Chinese spy with business ties to Prince Andrew has been barred from the U.K. because of concerns he poses a threat to national security. A British immigration tribunal upheld the decision on Thursday in a ruling that revealed the Chinese national had developed such a close relationship with Andrew that he was invited to the prince’s birthday party. Government officials were concerned the man could have misused his influence because the prince was under “considerable pressure” at the time, according to the ruling. British authorities believe the Chinese national, whose name wasn’t released, was working on behalf of the United Front Work Department, an arm of the Chinese Communist Party that is used to influence foreign entities. The government determined that the businessman “was in a position to generate relationships between senior Chinese officials and prominent U.K. figures which could be leveraged for political interference purposes by the Chinese State,” according to the tribunal's decision. In a statement from his office, Andrew, also known as the Duke of York, said he accepted government advice and ceased all contact with the Chinese national as soon as concerns were raised. “The Duke met the individual through official channels with nothing of a sensitive nature ever discussed,′′ his office said. “He is unable to comment further on matters relating to national security.” Prince Andrew, the younger brother of King Charles III, has been repeatedly criticized for his links to wealthy foreigners, raising concerns that those individuals are trying to buy access to the royal family. Andrew’s finances have been squeezed in recent years after he was forced to step away from royal duties and give up public funding amid concerns about his relationship with Jeffrey Epstein , the American financier and convicted pedophile who committed suicide in prison in 2019. British intelligence chiefs have become increasingly concerned about China’s efforts to influence U.K. government policy. In 2022, Britain’s domestic intelligence service, known as MI5, warned politicians that a British-Chinese lawyer had been seeking to improperly influence members of Parliament for years. A parliamentary researcher was arrested in 2023 on suspicion of providing sensitive information to China. The 50-year-old Chinese national covered by this week’s ruling was described as a man who worked as a junior civil servant in China before he came to the U.K. as a student in 2002. He earned a master’s degree in public administration and public policy at the University of York before starting a business that advises U.K.-based companies on their operations in China. He was granted the right to live and work in the U.K. for an indefinite period in 2013. Although he didn’t make Britain his permanent home, the man told authorities that he spent one to two weeks a month in the country and considered it his “second home.” He was stopped while entering the U.K. on Nov. 6, 2021, and ordered to surrender his mobile phone and other digital devices on which authorities found a letter from a senior adviser to Andrew confirming that he was authorized to act on behalf of the prince in relation to potential partners and investors in China. The letter and other documents highlighted the strength of the relationship between Andrew, his adviser and the Chinese national. “I also hope that it is clear to you where you sit with my principal and indeed his family,” the adviser wrote. “You should never underestimate the strength of that relationship. Outside of his closest internal confidants, you sit at the very top of a tree that many, many people would like to be on.” The letter went on to describe how they had found a way to work around former private secretaries to the prince and other people who weren’t completely trusted. “Under your guidance, we found a way to get the relevant people unnoticed in and out of the house in Windsor,” the adviser wrote. Andrew lives at the Royal Lodge, a historic country estate near Windsor Castle, west of London. Danica Kirka, The Associated Press See a typo/mistake? Have a story/tip? This has been shared 0 times 0 Shares Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message More The Mix S&P/TSX composite down more than 100 points, U.S. stock markets mixed Dec 13, 2024 1:32 PM Nova Scotia non-profit groups trying to save huge Acadian church now facing lawsuit Dec 13, 2024 1:30 PM Court approves The Body Shop Canada sale, about 100 to lose jobs as some stores close Dec 13, 2024 1:21 PM Featured Flyer
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Heartbroken Married At First Sight UK star reveals shock split after five months and reveals reason it didn’t work outJaland Lowe flirted with a triple-double as Pitt improved to 6-0 with a 74-63 win over LSU on Friday afternoon at the Greenbrier Tip-Off in White Sulphur Springs, W.Va. Lowe finished with a game-high 22 points to go along with eight rebounds and six assists for the Panthers, who have won their first six games of a season for the first time since the 2018-19 campaign. It would have been the second straight triple-double for Lowe, who had 11 points, 10 rebounds and 10 assists against VMI Monday. Ishmael Leggett chipped in 21 points and Cameron Corhen supplied 14, helping Pitt outshoot the Tigers (4-1) 44.4 percent to 37.3 percent overall. Vyctorius Miller and Jalen Reed recorded 14 points apiece for LSU, with Reed also snatching seven boards. Cam Carter contributed 11 points. Pitt took control in the first four-plus minutes of the second half, opening the period on a 13-0 run to build a 40-28 lead. The Tigers were held scoreless following the break until Carter converted a layup with 13:13 to go. It was still a 12-point game after Zack Austin hit a pair of free throws with 12:50 remaining, but LSU then rallied. Corey Chest, Reed and Jordan Sears each had a bucket down low for the Tigers during an 8-1 spurt that made it 43-38. However, Lowe stemmed the tide, answering with back-to-back 3-pointers to put the Panthers up 49-38 with 9:31 left. Miller did everything he could to keep LSU in contention, scoring eight points in a span of 1 minute, 23 seconds, with his four-point play getting the Tigers within 56-52 with 6:03 to play. But Pitt never let LSU get the upper hand, and it led by at least six for the final 5:05 of the contest. The Tigers had a 28-27 edge at intermission after ending the first half on an 8-2 run. LSU overcame a quick start by the Panthers, who raced out to a 12-6 advantage and led by as many as eight in the first 20 minutes of action. --Field Level Media
FORT MYERS, Fla. — Justice Carlton scored 30 points off the bench on 12-of-15 shooting as fifth-ranked Texas beat Butler 94-59 in the Gulf Coast Showcase semifinals on Saturday night. Rori Harmon added 13 points and Kyla Oldacre, Aaliyah Moore and Bryanna Preston had 10 each for the Longhorns. Caroline Strande led Butler with 14 points, and Riley Makalusky and Lily Carmody added 11 each. Texas (6-0) took a quick 7-0 lead, but Butler (6-2) hung around until a 16-4 run by the Longhorns created distance the Bulldogs couldn’t recover from. Texas scored 39 points off a whopping 29 Butler turnovers, outscored the Bulldogs 54-34 in the paint and had a 41-22 edge in total rebounds. Takeaways Butler: The Bulldogs attacked Texas regularly and it led to a number of layups, but Butler just didn’t have enough of them. Texas: The Longhorns’ bench outscored Butler 59-29 and was exemplified by the freshman Carlton, who had 18 of her 30 points in the second half. Key moment Even though Madison Booker had just three points, she didn’t lack hustle and ferocity. When Butler’s Madi Gewirtz picked up a loose ball and appeared ready to go in for a layup, Booker charged and went up just at the right time to swat the ball away. Key stat Butler lost by 35 despite making half of its shots. The problem was that the Bulldogs only took 42 shots compared to Texas' 67. Up next Texas will play former Big 12 rival No. 12 West Virginia in the Gulf Coast Showcase championship game Sunday, and Butler will face Boise State in the third-place game.
Mini Review: Pine: A Story Of Loss (Switch) - An Evocative But Oddly Anti-Immersive TaleResults Summary 1 SUNNYVALE, Calif. , Dec. 4, 2024 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS ) today reported results for its fourth quarter and fiscal year 2024. Revenue for the fourth quarter of fiscal year 2024 was $1.636 billion , compared to $1.467 billion for the fourth quarter of fiscal year 2023. Revenue for fiscal year 2024 was $6.127 billion , an increase of approximately 15% from $5.318 billion in fiscal year 2023. "The fourth quarter was a strong finish to a transformational year for Synopsys. We achieved record financial results while doubling down on our strategy with the sale of our Software Integrity business and the pending acquisition of Ansys," said Sassine Ghazi , president and CEO of Synopsys. "Looking ahead, the AI-driven reinvention of compute is accelerating the pace, scale and complexity of technology R&D, which expands our opportunity to solve engineering challenges from silicon to systems." "Continued strong execution drove excellent Q4 results, which exceeded the midpoint of our guidance targets and capped a year of 15% revenue growth for the company," said Shelagh Glaser , CFO of Synopsys. "The combination of our execution focus, operating discipline, and the critical nature of our industry-leading technology positions us well for the future. In 2025, we expect to deliver double-digit revenue growth grounded in pragmatism given continued macro uncertainties and the impact of our fiscal year calendar change." Synopsys' previously announced acquisition of Ansys is expected to close in the first half of 2025, subject to the receipt of required regulatory approvals and other customary closing conditions. This week marked the expiration of the Hart-Scott-Rodino (HSR) Act waiting period, and Synopsys is working cooperatively with Federal Trade Commission (FTC) staff to conclude the investigation and the staff's review of Synopsys' proposed remedies. _______________________________________________ 1 On September 30, 2024, Synopsys completed the sale of its Software Integrity business. Synopsys' Software Integrity business has been presented as a discontinued operation in the consolidated financial statements for all periods presented herein and all financial results and targets are presented herein on a continuing operations basis unless otherwise noted. Continuing Operations On September 30, 2024 , Synopsys completed the sale of its Software Integrity business. Unless otherwise noted, Synopsys' Software Integrity business has been presented as a discontinued operation in the Synopsys' consolidated financial statements for all periods presented herein and all financial results and targets are presented herein on a continuing operations basis. GAAP Results On a U.S. generally accepted accounting principles (GAAP) basis, net income for the fourth quarter of fiscal year 2024 was $279.3 million , or $1.79 per diluted share, compared to $346.1 million , or $2.23 per diluted share, for the fourth quarter of fiscal year 2023. GAAP net income for fiscal year 2024 was $1.442 billion , or $9.25 per diluted share, compared to $1.227 billion , or $7.91 per diluted share, for fiscal year 2023. Non-GAAP Results On a non-GAAP basis, net income for the fourth quarter of fiscal year 2024 was $529.9 million , or $3.40 per diluted share, compared to non-GAAP net income of $464.1 million , or $3.00 per diluted share, for the fourth quarter of fiscal year 2023. Non-GAAP net income for fiscal year 2024 was $2.058 billion , or $13.20 per diluted share, compared to non-GAAP net income of $1.636 billion , or $10.54 per diluted share, for fiscal year 2023. For a reconciliation of net income, earnings per diluted share and other measures on a GAAP and non-GAAP basis, see "GAAP to Non-GAAP Reconciliation" in the accompanying tables below. Business Segments Synopsys reports revenue and operating income in two segments: (1) Design Automation, which includes our advanced silicon design, verification products and services, system integration products and services, digital, custom and field programmable gate array IC design software, verification software and hardware products, manufacturing software products and other and (2) Design IP, which includes our interface, foundation, security, and embedded processor IP, IP subsystems, and IP implementation services. Financial Targets Synopsys also provided its consolidated financial targets for the first quarter and full fiscal year 2025. These targets reflect a change in Synopsys' fiscal year from a 52/53-week period ending on the Saturday nearest to October 31 of each year to October 31 of each year. As a result of this change, there will be ten fewer days in the first half of fiscal year 2025 and two extra days in the second half of fiscal year 2025, which results in eight fewer days in the aggregate in Synopsys' fiscal year 2025 as compared to its fiscal year 2024. These targets also assume no further changes to export control restrictions or the current U.S. government "Entity List" restrictions. These targets constitute forward-looking statements and are based on current expectations. For a discussion of factors that could cause actual results to differ materially from these targets, see "Forward-Looking Statements" below. First Quarter and Full Fiscal Year 2025 Financial Targets (1) (in millions except per share amounts) Range for Three Months Ending Range for Fiscal Year Ending January 31, 2025 October 31, 2025 Low High Low High Revenue $ 1,435 $ 1,465 $ 6,745 $ 6,805 GAAP Expenses $ 1,142 $ 1,162 $ 4,926 $ 4,983 Non-GAAP Expenses $ 945 $ 955 $ 4,045 $ 4,085 Non-GAAP Interest and Other Income (Expense), net $ 20 $ 22 $ 94 $ 98 Non-GAAP Tax Rate 16 % 16 % 16 % 16 % Outstanding Shares (fully diluted) 156 158 157 159 GAAP EPS $ 1.81 $ 1.95 $ 10.42 $ 10.63 Non-GAAP EPS $ 2.77 $ 2.82 $ 14.88 $ 14.96 Operating Cash Flow ~ $1,800 Free Cash Flow (2) ~ $1,600 Capital Expenditures ~ $170 (1) Synopsys' first quarter of fiscal year 2025 will end on January 31, 2025 and its fiscal year 2025 will end on October 31, 2025. (2) Free cash flow is calculated as cash provided from operating activities less capital expenditures. For a reconciliation of Synopsys' first quarter and fiscal year 2025 targets, including expenses, earnings per diluted share and other measures on a GAAP and non-GAAP basis and a discussion of the financial targets that we are not able to reconcile without unreasonable efforts, see "GAAP to Non-GAAP Reconciliation" in the accompanying tables below. Earnings Call Open to Investors Synopsys will hold a conference call for financial analysts and investors today at 2:00 p.m. Pacific Time. A live webcast of the call will be available on Synopsys' corporate website at investor.synopsys.com . Synopsys uses its website as a tool to disclose important information about Synopsys and comply with its disclosure obligations under Regulation Fair Disclosure. A webcast replay will also be available on the corporate website from approximately 5:30 p.m. Pacific Time today through the time Synopsys announces its results for the first quarter of fiscal year 2025 in February 2025. Effectiveness of Information The targets included in this press release, the statements made during the earnings conference call, the information contained in the financial supplement and the corporate overview presentation, each of which are available on Synopsys' corporate website at www.synopsys.com (collectively, the " Earnings Materials "), represent Synopsys' expectations and beliefs as of December 4, 2024 . Although these Earnings Materials will remain available on Synopsys' website through the date of the earnings call for the first quarter of fiscal year 2025, their continued availability through such date does not mean that Synopsys is reaffirming or confirming their continued validity. Synopsys undertakes no duty and does not intend to update any forward-looking statement, whether as a result of new information or future events, or otherwise update, the targets given in this press release unless required by law. Availability of Final Financial Statements Synopsys will include final financial statements for the fiscal year 2024 in its annual report on Form 10-K to be filed on or before January 2, 2025 . About Synopsys Catalyzing the era of pervasive intelligence, Synopsys, Inc. (Nasdaq: SNPS) delivers trusted and comprehensive silicon to systems design solutions, from electronic design automation to silicon IP and system verification and validation. We partner closely with semiconductor and systems customers across a wide range of industries to maximize their R&D capability and productivity, powering innovation today that ignites the ingenuity of tomorrow. Learn more at www.synopsys.com . Reconciliation of Fourth Quarter and Fiscal Year 2024 Results The following tables reconcile the specific items excluded from GAAP in the calculation of non-GAAP net income, earnings per diluted share, and tax rate for the periods indicated below. GAAP to Non-GAAP Reconciliation of Fourth Quarter and Fiscal Year 2024 Results (1) (unaudited and in thousands, except per share amounts) Three Months Ended Twelve Months Ended October 31, October 31, 2024 2023 2024 2023 GAAP net income from continuing operations attributed to Synopsys $ 279,281 $ 346,051 $ 1,441,710 $ 1,227,045 Adjustments: Amortization of acquired intangible assets 54,258 14,886 104,220 50,477 Stock-based compensation 165,116 128,286 656,632 511,730 Acquisition/divestiture related items 62,428 4,016 172,638 13,831 Restructuring charges — (1,348) — 53,091 Gain on sale of strategic investments — — (55,077) — Tax settlement — — — (23,752) Tax adjustments (31,158) (27,753) (262,322) (196,471) Non-GAAP net income from continuing operations attributed to Synopsys $ 529,925 $ 464,138 $ 2,057,801 $ 1,635,951 Three Months Ended Twelve Months Ended October 31, October 31, 2024 2023 2024 2023 GAAP net income from continuing operations per diluted share attributed to Synopsys $ 1.79 $ 2.23 $ 9.25 $ 7.91 Adjustments: Amortization of acquired intangible assets 0.35 0.10 0.67 0.33 Stock-based compensation 1.06 0.83 4.21 3.30 Acquisition/divestiture related items 0.40 0.03 1.11 0.09 Restructuring charges — (0.01) — 0.34 Gain on sale of strategic investments — — (0.35) — Tax settlement — — — (0.15) Tax adjustments (0.20) (0.18) (1.69) (1.28) Non-GAAP net income from continuing operations per diluted share attributed to Synopsys $ 3.40 $ 3.00 $ 13.20 $ 10.54 Shares used in computing net income per diluted share amounts: 155,991 154,845 155,944 155,195 (1) Synopsys' fourth quarter of fiscal year 2024 and 2023 ended on November 2, 2024 and October 28, 2023, respectively. For presentation purposes, we refer to the closest calendar month end. Fiscal year 2024 was a 53-week year, which included an extra week in the first quarter. GAAP to Non-GAAP Tax Rate Reconciliation (1)(2) (unaudited) Twelve Months Ended October 31, 2024 GAAP effective tax rate 6.6 % Stock-based compensation 2.9 % Income tax adjustments (3) 5.5 % Non-GAAP effective tax rate 15.0 % (1) Synopsys' fiscal year 2024 ended on November 2, 2024. For presentation purposes, we refer to the closest calendar month end. Fiscal year 2024 was a 53-week year, which included an extra week in the first quarter. (2) Presented on a continuing operations basis. (3) The adjustments are primarily related to the differences in the tax rate effect of certain deductions, such as the deduction for foreign-derived intangible income and credits. GAAP to Non-GAAP Reconciliation of 2025 Targets The following tables reconcile the specific items excluded from GAAP in the calculation of non-GAAP targets for the periods indicated below. GAAP to Non-GAAP Reconciliation of First Quarter Fiscal Year 2025 Targets (in thousands, except per share amounts) Range for Three Months Ending January 31, 2025 Low High Target GAAP expenses $ 1,142,000 $ 1,162,000 Adjustments: Amortization of acquired intangible assets (12,000) (15,000) Stock-based compensation (185,000) (192,000) Target non-GAAP expenses $ 945,000 $ 955,000 Range for Three Months Ending January 31, 2025 Low High Target GAAP earnings per diluted share attributed to Synopsys $ 1.81 $ 1.95 Adjustments: Amortization of acquired intangible assets 0.10 0.08 Stock-based compensation 1.22 1.18 Acquisition/divestiture related items (1) 0.08 0.06 Tax adjustments (0.44) (0.45) Target non-GAAP earnings per diluted share attributed to Synopsys $ 2.77 $ 2.82 Shares used in non-GAAP calculation (midpoint of target range) 157,000 157,000 GAAP to Non-GAAP Reconciliation of Full Fiscal Year 2025 Targets (in thousands, except per share amounts) Range for Fiscal Year Ending October 31, 2025 Low High Target GAAP expenses $ 4,926,000 $ 4,983,000 Adjustments: Amortization of acquired intangible assets (46,000) (51,000) Stock-based compensation (835,000) (847,000) Target non-GAAP expenses $ 4,045,000 $ 4,085,000 Range for Fiscal Year Ending October 31, 2025 Low High Target GAAP earnings per diluted share attributed to Synopsys $ 10.42 $ 10.63 Adjustments: Amortization of acquired intangible assets 0.32 0.29 Stock-based compensation 5.36 5.28 Acquisition/divestiture related items (1) 0.29 0.26 Tax adjustments (1.51) (1.50) Target non-GAAP earnings per diluted share attributed to Synopsys $ 14.88 $ 14.96 Shares used in non-GAAP calculation (midpoint of target range) 158,000 158,000 (1) Adjustments reflect certain contractually obligated financing fees and related amortization ex
A 7-year-old rivalry between tech leaders Elon Musk and Sam Altman over who should run OpenAI and prevent an artificial intelligence "dictatorship" is now heading to a federal judge as Musk seeks to halt the ChatGPT maker's ongoing shift into a for-profit company. Musk, an early OpenAI investor and board member, sued the artificial intelligence company earlier this year alleging it had betrayed its founding aims as a nonprofit research lab benefiting the public good rather than pursuing profits. Recommended Videos Musk has since escalated the dispute, adding new claims and asking for a court order that would stop OpenAI’s plans to convert itself into a for-profit business more fully. The world's richest man, whose companies include Tesla, SpaceX and social media platform X, last year started his own rival AI company, xAI. Musk says it faces unfair competition from OpenAI and its close business partner Microsoft, which has supplied the huge computing resources needed to build AI systems such as ChatGPT. “OpenAI and Microsoft together exploiting Musk’s donations so they can build a for-profit monopoly, one now specifically targeting xAI, is just too much,” says Musk's filing that alleges the companies are violating the terms of Musk’s foundational contributions to the charity. OpenAI is filing a response Friday opposing Musk’s requested order, saying it would cripple OpenAI’s business and mission to the advantage of Musk and his own AI company. A hearing is set for January before U.S. District Judge Yvonne Gonzalez Rogers in Oakland. At the heart of the dispute is a 2017 internal power struggle at the fledgling startup that led to Altman becoming OpenAI's CEO. Musk also wanted the job, according to emails revealed as part of the court case, but grew frustrated after two other OpenAI co-founders said he would hold too much power as a major shareholder and chief executive if the startup succeeded in its goal to achieve better-than-human AI known as artificial general intelligence , or AGI. Musk has long voiced concerns about how advanced forms of AI could threaten humanity. “The current structure provides you with a path where you end up with unilateral absolute control over the AGI," said a 2017 email to Musk from co-founders Ilya Sutskever and Greg Brockman. “You stated that you don't want to control the final AGI, but during this negotiation, you've shown to us that absolute control is extremely important to you.” In the same email, titled “Honest Thoughts,” Sutskever and Brockman also voiced concerns about Altman's desire to be CEO and whether he was motivated by “political goals.” Altman eventually succeeded in becoming CEO, and has remained so except for a period last year when he was fired and then reinstated days later after the board that ousted him was replaced. OpenAI published the messages Friday in a blog post meant to show its side of the story, particularly Musk's early support for the idea of making OpenAI a for-profit business so it could raise money for the hardware and computer power that AI needs. It was Musk, through his wealth manager Jared Birchall, who first registered “Open Artificial Technologies Technologies, Inc.”, a public benefit corporation, in September 2017. Then came the “Honest Thoughts” email that Musk described as the “final straw.” “Either go do something on your own or continue with OpenAI as a nonprofit,” Musk wrote back. OpenAI said Musk later proposed merging the startup into Tesla before resigning as the co-chair of OpenAI's board in early 2018. Musk didn't immediately respond to emailed requests for comment sent to his companies Friday. Asked about his frayed relationship with Musk at a New York Times conference last week, Altman said he felt “tremendously sad” but also characterized Musk’s legal fight as one about business competition. “He’s a competitor and we’re doing well,” Altman said. He also said at the conference that he is “not that worried” about the Tesla CEO’s influence with President-elect Donald Trump. OpenAI said Friday that Altman plans to make a $1 million personal donation to Trump’s inauguration fund, joining a number of tech companies and executives who are working to improve their relationships with the incoming administration. —————————— The Associated Press and OpenAI have a licensing and technology agreement allowing OpenAI access to part of the AP’s text archives.J.K. Dobbins and Alohi Gilman are placed on injured reserve by Chargers
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