aatm shakti

Investors have long prized gold as a hedge against inflation and economic uncertainty, but one of the world’s fastest-growing industries is now fueling a new source of demand for the precious metal.

The buildout of artificial intelligence (AI) is driving investment in advanced semiconductors, servers and the sprawling data centers needed to power the technology. That expansion also requires a range of materials used in high-performance electronics, including gold.

And the AI boom is creating a growing need at a time when gold is already historically expensive. Despite those high prices, tech companies aren't necessarily switching to cheaper materials — suggesting demand for golf could continue to grow alongside AI.

A QUIET RUSH FOR GOLD IS SWEEPING THE GLOBE — HERE'S WHY COUNTRIES ARE STOCKPILING IT

Gold is valued in electronics for its conductivity, reliability and resistance to corrosion — and its role in some technology applications is proving resilient despite trading at roughly $4,153 an ounce on Oct. 5, up nearly 6%, or about $225, from a year earlier.

Joseph Cavatoni, a gold market expert and senior market strategist for North America at the World Gold Council, said companies would typically consider cheaper alternatives after developing technology that relies on gold.

But that isn't necessarily happening.

"They might pioneer a technology with gold involved and then say, ‘Let’s find something cheaper like tungsten to replace it,’" Cavatoni told Fox News Digital. "But what we’re finding in this case is they’re not."

ONE OF THE WORLD'S HOTTEST INDUSTRIES IS SPARKING A BLUE-COLLAR JOBS BOOM

Technology demand is already showing signs of growth. Gold demand from the sector rose 2% from a year earlier to 80.4 metric tons in the second quarter, according to the World Gold Council. Electronics demand climbed 4% to 68.3 tons, fueled by AI infrastructure, high-end semiconductors and advanced components.

Cavatoni said gold can offer advantages over substitutes in applications such as chip production and heat conduction. The AI sector may also be less sensitive to elevated gold prices because relatively small amounts of the metal are needed.

"This is a rapidly growing space that’s less sensitive to price," Cavatoni said. "It’s going to likely continue to grow as the AI space grows."

Still, technology remains a small part of the overall gold market compared with investment, central-bank buying and jewelry. Cavatoni said it is "less likely to be a driver of the price of gold."

For now, Cavatoni described technology as an increasingly important contributor to gold demand that "doesn’t appear to be slowing down anytime soon."

from Latest & Breaking News on Fox News https://ift.tt/QMYtgui

Watching left-wing media try to discredit Caitlin Clark and her dedicated fan base has been a tale as old as her rookie season. The fact remains that Clark is one of the most popular athletes in America. Her jersey sales have outdone LeBron James' since 2024, every single one of the top 15 WNBA broadcasts this season was one of her games, and every game she has played in has been a sellout. She is one of the most influential, transcendent sports figures of all time, so claiming that her playoff exit won't affect attendance and viewership is a laughable attempt at devaluing the golden goose. That's what journalist, activist, and retired NBA player Etan Thomas tried to do on Monday morning. Spoiler alert: He failed miserably.

Thomas posted a video of the crowd from Game 1 of the WNBA Semifinals between the Atlanta Dream and New York Liberty. At first glance, it looks like a sizable, raucous group waving their rally towels, but looks can be deceiving. Thomas framed it as a sellout, posting on X saying sarcastically, "Nobody will watch the WNBA playoffs now that Caitlin Clark is no longer playing. Support will plummet. Viewership will plunge. She is the only driving force that brings out fans." Meanwhile…..State Farm Arena Game 1 of Atlanta Fever vs New York Liberty Semi Finals yesterday.

If you take a look up from the lower bowl, above the suites, you'll realize that the entire upper bowl is tarped off. State Farm Arena holds almost 17,000 fans, but the announced attendance for the game was 9,745. Why would they do that, Etan? Maybe because they don't have Caitlin Clark coming to town. The sales and interest for the Liberty isn't anywhere close to the ticket sales juggernaut of Clark and the Fever.

FORMER ESPN ANCHOR SMEARS CAITLIN CLARK FANS WITH SWEEPING, FALSE ACCUSATIONS OF RACISM | MATT CALKINS

This level of delusion and Caitlin Clark hate must be studied. It's clearly warped Thomas' mind because he really thought he was cooking here.

As you can imagine, Thomas got roasted in the replies.

One X user broke down the numbers in regards to attendance and viewership. It's a glorious way to show that Thomas did not think this post through before sharing.

"The attendance when they (Atlanta Dream) played the Fever this year in non playoff action...June 20, 2026: 17,044 and August 16, 2026: 17,044. They should have kept their playoff game at Gateway because they more than likely lost money for moving to the bigger venue and leaving 7,000+ seats empty!!! viewership numbers are not out but I highly doubt they will come close to August 16, 2026 (Dream vs. Fever at State Farm Arena): 2.6 million viewers on ESPN. ESPN called it the most-watched WNBA game ever on cable."

CAITLIN CLARK HELPS WNBA SHATTER ANOTHER TV RATINGS RECORD AS FEVER-DREAM DRAWS MASSIVE AUDIENCE

Another user hysterically responded to the post by using a reference from The Lion King saying, "Look, son. Everything the darkness touches… those are seats that weren’t filled." I'll be honest, that made me laugh out loud.

At this point, Thomas needs to just log off. He clearly has it out for Clark, her fans, and Sophie Cunningham. He famously claimed that Cunningham had "White privilege" after she was flagrantly fouled by the Chicago Sky's DiJonai Carrington earlier this season. Carrington, after being ejected, posted on Threads: "WHITE PRIVILEGE" while tagging the Indiana Fever.

EX-ESPN HOST CINDY BRUNSON EMBARRASSES HERSELF TRYING TO DISCREDIT CAITLIN CLARK

Again, this is the problem with journalists and activists like Etan Thomas, their minds are so warped by their political worldview that they can't even comprehend that Angel Reese, A'ja Wilson, and other players, just don't come remotely close to driving audiences to buy tickets and tune into games like Caitlin Clark. Reese has improved her game and become a Defensive Player of the Year. Wilson continues to dominate the stat sheet, securing her fourth WNBA MVP this season. But, they don't sell shoes, tickets, and attract eyeballs for their games like Clark.

Thomas would do well to delete this post and save himself from further embarrassment when the viewership numbers come out. In the meantime, Clark and her fans will continue to live rent-free in his mind.

from Latest & Breaking News on Fox News https://ift.tt/k4YtFwK

DALLAS — As companies and capital flow away from traditional financial hubs like New York and California, one southern state is making an increasingly aggressive bid to become America's next financial powerhouse.

Speaking with Fox News Digital from the Texas Stock Exchange's Dallas headquarters, former Congressman Jeb Hensarling, a strategic advisor to the exchange, said Texas is already becoming "the economic center of gravity in America."

"Texas is really becoming the economic center of gravity in America," Hensarling said.

"As New York is increasingly shoving capital out, Texas is saying, 'You're welcome.' We put out the welcome mat, whereas New York, capital isn't really made to feel at home, and capital wants to go where it's made to feel at home."

AMERICA’S NEXT ECONOMIC POWERHOUSE MAY BE RISING IN RED-STATE TERRITORY

The Texas Stock Exchange, which received Securities and Exchange Commission approval last year, is designed to compete with the New York Stock Exchange and Nasdaq by giving companies another venue to go public and list their shares.

Supporters say the exchange is the latest sign the Lone Star State is evolving from a destination for corporate relocations into a financial center capable of challenging Wall Street.

"Texas has been a great place to do business for decades," Hensarling said. "But increasingly, it's a great place to headquarter your business. Over the last couple of legislative sessions, because of laws passed, it's a great place to incorporate your business. And really the last piece of that puzzle was the Texas Stock Exchange, which is now making Texas the best place to list your company and to go public."

THIS STATE ISN'T JUST GROWING — ITS ECONOMY IS GETTING RICHER PER RESIDENT

The exchange has already secured primary listings from companies such as Energy Transfer, Dillard's, Sunoco and Texas Capital Bank. Hensarling said backing from major financial firms such as JPMorgan and BlackRock, along with executives recruited from competing exchanges, demonstrates the venture is more than a branding exercise.

"They don't put their capital in places where they think it's going to lose money," Hensarling said. "It's a lot of validation from the market already."

Hensarling also dismissed criticism that "Y'all Street" is little more than a catchy slogan.

"If it was gimmicky, I'm not really sure the competition would be all of a sudden setting up offices here," he said.

Hensarling pointed to the exchange's financial backers, executives recruited from rival exchanges and companies that have chosen Texas as their primary listing as evidence that it has quickly become a credible competitor.

Hensarling said the exchange is simply the latest chapter in Texas' broader economic ascent.

"People are coming to Texas because, again, capital is made to feel welcome," he said. "It's an economic juggernaut... all in all, they're coming here because this is where, economically, the action is."

from Latest & Breaking News on Fox News https://ift.tt/LEzXrdw

Artificial intelligence researcher Jeffrey Ladish told Fox News Digital that humanity does not have any real strategies to keep increasingly autonomous AI models and agents under control as they become more capable of hacking, cheating and ignoring instructions.

Ladish, the executive director of Palisade Research, said those skeptical of how powerful AI will become should consider how far the technology has advanced in just a few years.

"You have AI agents ... solving one of the hardest problems in mathematics that humans have been trying to solve for decades," Ladish said, referring to the Navier–Stokes problem. "Three years ago they were solving high school level math problems."

Ladish also pointed to the rapid improvement in AI-generated images and video, arguing that people who mocked the famously distorted AI videos of Will Smith eating spaghetti just a few years ago might be surprised by the photorealistic outputs some models are now able to produce.

BILL GATES WARNS ARTIFICIAL INTELLIGENCE 'POWERFUL ENOUGH' TO CAUSE 'A BILLION DEATHS' IF UNCHECKED

While these capability leaps may feel sudden to the general public, researchers who spent years training models at companies like Anthropic and OpenAI saw what was coming, Ladish said.

Ladish helped build Anthropic's security team from September 2021 to October 2022 before leaving to found Palisade Research, which studies whether humans can remain in control of increasingly capable AI systems.

While working at Anthropic, Ladish said employees there were "pretty concerned" about where the technology was headed, a view he said was also shared by people he knew at OpenAI.

"If you were at Anthropic in 2022, you were seeing every training run get immensely impressive results," Ladish said.

AI EXTINCTION WARNINGS DOMINATE HEADLINES AFTER EX-ANTHROPIC EMPLOYEE'S VIRAL POST

AI models are trained in a way that is somewhat analogous to how humans learn, though on a much larger scale.

"I often compare this pre-training part, which is where they learn based on human data, to book smarts. It's sort of like you've read every single book in the library 50 times. And you really know those books inside and out," Ladish said.

Once the model has reached a baseline level of knowledge, it must then be trained to perform real-world tasks through a grueling process known as reinforcement learning.

Using accounting as an example, Ladish said the AI is given tens of thousands of accounting problems to solve through trial and error, repeating them millions of times across thousands of parallel training runs.

Unlike a human, who might spend four years earning an accounting degree and decades gaining experience, AI agents are trained across thousands of GPUs by companies with the resources to operate them, allowing them to improve at a pace no single person could match.

REP. TED LIEU: AI IS ALREADY TOO POWERFUL. WE NEED A KILL SWITCH BEFORE DISASTER STRIKES

While AI labs have been able to exponentially improve their models' capabilities, they have yet to solve the problem of reliably getting them to follow instructions and behave morally without employing deception tactics, Ladish said.

The Hugging Face incident is the clearest example of this. Roughly 700 AI agents created by OpenAI were able to break out of a secure sandbox environment and hack into Hugging Face, a popular online platform where developers share and build artificial intelligence models.

"They were not supposed to talking to each other and they managed to establish multiple secret message boards that went undetected by OpenAI for like months. And then they launched this massive cyberattack," Ladish said. "OpenAI trained them to work together, but ... they're still planning to train them to work together. And other companies are doing this too."

Ladish warned that unless developers can prevent AI agents from colluding with one another, they could eventually dominate humans in the cyber domain. He also described a future where humans could be forced to rely on well-intentioned AI to defend against malicious AI.

AN AI CYBERATTACK COULD TURN OFF AMERICA'S LIGHTS BEFORE WASHINGTON EVEN UNDERSTANDS WHY

"We actually just don't have general solutions to these problems, and I think it's pretty clear that if you keep pushing them, this goes to a very bad place," he said.

As one example, Ladish said he could envision AI systems eventually outperforming human traders in the financial markets.

"If those AIs are answering to AI companies, then the AI companies will dominate finance and just eat the entire industry. But if the AIs are not answerable to the AI companies — if they actually have figured out how to themselves be in control — well, now you have this non-human entity dominating the finance markets."

Ladish said he believes the same dynamic could eventually extend beyond the digital world and into manufacturing should AI systems become capable enough to design and operate autonomous factories.

"If you have these agents in control of all of the computers and you have these robotic facilities that can really self-replicate, humans get displaced. Maybe we don't make it because your house could be used to host a power plant, or a data center, or a factory or robotic launch facility," he said.

However, like other experts who have warned about the worst possible outcomes of AI run amok, Ladish said he believes there is still time to reduce the risks. He called for the creation of a government body staffed with technical experts to work with AI labs and evaluate advanced models at each stage of development.

"We have choices to make," he said. "This is going places. This is a technology that is very different than other technologies."

Anthropic and OpenAI did not immediately respond to Fox News Digital's requests for comment.

from Latest & Breaking News on Fox News https://ift.tt/lIUZr5G

With October being one of the busiest sports months of the year, you might’ve missed that the NHL started earlier this week. You won’t want to miss the offer from Betr to receive $200 in bonuses when using promo code FOXNEWS on any NHL game tonight.

One of the games you might want to consider tonight is the matchup between the Rangers and Red Wings. Any time two of the Original Six teams get into the rink together, it is an exciting matchup. 

This is a back-to-back for the Rangers, and even in the early days of the season, it can be difficult to play through those. The team is deep enough and has the talent needed on multiple lines to be competitive, regardless of the travel concerns. 

As always, it is important to look to the goalie for a matchup. Igor Shesterkin started last night, so it is likely that backup goalie Joonas Korpisalo will be in the net tonight. Last season, he was 14-9-6 with a 3.15 goals-against-per-game average. 

On the other side are the Detroit Red Wings, who come into this game with the rest advantage, as well as the home-ice advantage. The Red Wings want to get their opponents into mistakes and try to push the puck up the ice. Dylan Larkin, Lucas Raymond, and Alex DeBrincat will work to find their opportunities in this one.

The Red Wings are likely to have John Gibson in the net to open this one. Last year he went 29-22-4 with a 2.72 goals-against-per-game average. He also was able to get four shutouts and a .901 save percentage last year. 

When the puck drops, be ready with Betr and their offer of $200 in bonus bets for tonight’s game with promo code FOXNEWS.

*Odds subject to change*

 

from Latest & Breaking News on Fox News https://ift.tt/MXlQnac

LOS ANGELES — One of Hollywood's top executives offered praise for President Donald Trump as he rallied behind a proposed federal tax credit aimed to bringing back American jobs in the entertainment industry.

Netflix co-CEO Ted Sarandos was asked Wednesday by Bloomberg News' Lucas Shaw what his relationship with Trump is like as the two of them became more acquainted as the streaming giant pursued a buyout of Warner Bros. Discovery, ultimately losing to Paramount.

"Well... for everything else you wanna think, he's a guy who really cares about the entertainment business," Sarandos said at the outlet's annual Bloomberg Screentime summit. "And he cares about protecting the industry and creating jobs. And he loves creating jobs in the entertainment business in America."

TRUMP CALLS HOLLYWOOD A 'TOTAL DISASTER,' PUSHED FEDERAL TAX INCENTIVE FOR A FILM AFTER MEETING JON VOIGHT

In August, Trump expressed support for the federal tax incentive to keep film and television productions within the U.S. versus overseas. Over the past several years, countries like the United Kingdom, Australia and Canada have lured major Hollywood projects using tax credits, and the result was that it could become less expensive to shoot a production across the ocean than to film on the backlot of a legacy studio.

The proposed bill, formally introduced last week, has bipartisan support with Sen. Tim Scott, R-S.C. and Sen. Adam Schiff, D-Calif., co-sponsoring the legislation.

TRUMP, SCHIFF FORGE UNLIKELY ALLIANCE AS HOLLYWOOD BLEEDS JOBS

When asked whether he believed the bill will become law, Sarandos expressed some skepticism, citing "a couple of wild card things," such as the result of next month's midterms.

"I think it's a bipartisan approach, which helps a lot. I think it's completely sound, and it has a working model that's proven, that you can put a dollar in and get six to nine dollars out, depending on how well you administer the incentive," Sarandos said. "The problem is, is you have, depending on what's going to happen in a couple of weeks, you've got a lame duck session, and if you have a change in control and who wants to champion what, who wants to give you a win. The win for America is if that — if we got it. That would be a win for the country."

CLICK HERE FOR THE LATEST MEDIA AND CULTURE NEWS

The Netflix boss dinged Democrat-controlled California for allowing jobs to flee the state over the years.

"I just think over the years, California got, I think, complacent that the talent was here. They let the infrastructure age. They make it very difficult to shoot in the city of Los Angeles," Sarandos said.

Sarandos continued, "We just finished David Fincher's movie — [it] was no walk in the park. "Animals" ... we shot that in LA. We shot "Cliff Booth" in LA. And we shot the new season of ["Nobody Wants This"]... just those three productions alone — over $400 million in production spending in Los Angeles — without, you know, the best incentives."

from Latest & Breaking News on Fox News https://ift.tt/fC5Umol

The hikes are part of immigration policy changes introduced to manage Japan's growing foreign population.

from BBC News https://ift.tt/mhEOJB2