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X Wins Media Man 'Social Media Platform Of The Year' award; Runner-up: YouTube

Grok wins Media Man 'AI Of The Year' award

December 28, 2024

News

Elon Musk's X Actions Stir Free Speech Debate

Prominent conservative accounts on X, including Laura Loomer's, have recently lost their verification badges and faced other account restrictions after critiquing Elon Musk's views on immigration. Musk has indicated that the platform's algorithm reduces the reach of accounts that are frequently muted or blocked by credible users. This incident has led to allegations of censorship among right-wing influencers, while Musk himself has addressed these changes in policy. The actions have reignited discussions about the balance between free speech and content moderation on X. (Credit: Grok)

Grok Profile via Grok!

"Grok" is a term coined by Robert A. Heinlein in his 1961 science fiction novel "Stranger in a Strange Land." It means to understand something deeply and intuitively, often with an empathetic or profound connection to the subject. The word has transcended its original context to become part of the vernacular, especially within communities like computer science, where it signifies a comprehensive and intuitive grasp of concepts or systems.

The term also refers to an AI chatbot developed by xAI, named Grok, which aims to provide answers with a humorous and truthful perspective, modeled after the "Hitchhiker’s Guide to the Galaxy." This AI chatbot is designed to engage in natural conversation, provide witty responses, and even tackle "spicy" questions that other AI might shy away from. It has real-time access to the world via the X platform (formerly Twitter), which gives it an edge in providing current information.

In summary, "grok" can refer to:

A verb meaning to understand something profoundly and intuitively.

The name of an AI chatbot with unique capabilities in humor and real-time information processing. (Grok)

Grok News via Grok!

Here's a summary of the latest news related to Grok:

Grok-2 Release: xAI has released Grok-2, a new version of its AI chatbot, which is now available for free to all users on X. This model is three times faster, offers improved accuracy in following instructions, and has enhanced multilingual capabilities. It also includes features like web search for real-time information and citation capabilities for fact-checking.

Image Generation: xAI introduced an image generation model, initially code-named Aurora, which is now part of the Grok chatbot's capabilities. This feature allows for photorealistic image creation and is available to users on X, with plans to expand access.

Mobile App and Standalone Web App: Grok has expanded its reach with a standalone iOS app and now a web app in Australia, broadening its accessibility beyond the X platform. These apps include features like PDF analysis, image generation, and real-time X post searches.

Funding and Future Developments: Elon Musk's xAI has secured a significant funding round, increasing its valuation and focus on developing new consumer and enterprise products, including plans for Grok 3. This funding will support further advancements in AI technology and the expansion of Grok's capabilities.

Controversy and Public Perception: Grok has faced scrutiny for potential misinformation, especially in political contexts. Despite this, there's a growing positive sentiment among users who appreciate its straightforwardness and utility in searches, particularly for political or controversial topics.

User Accessibility: Previously exclusive to premium subscribers, Grok is now accessible to all X users with some limitations on usage for free-tier accounts, such as a cap on the number of prompts and image generations per session. (Grok)

xAI via Grok

xAI is an artificial intelligence company founded by Elon Musk with the goal of "understanding the true nature of the universe." The company was established in March 2023 and is headquartered in the San Francisco Bay Area. xAI focuses on developing AI to accelerate human scientific discovery, aiming to create a maximally helpful AI, exemplified by their product, Grok, which is designed to provide truthful and helpful answers.

xAI has raised significant funding, with a Series C funding round bringing its valuation to over $40 billion by December 2024, after raising $6 billion. This funding is being used to enhance its AI models, including the development of Grok 2 and the construction of a massive supercomputer named "Colossus" in Memphis, Tennessee.

The company's approach includes leveraging real-time data from Musk's other ventures like X (formerly Twitter) and Tesla, suggesting a synergy that could potentially give xAI an edge in the AI race. xAI also released an API for its AI models, allowing developers to integrate its technology into various applications.

The mission and operations of xAI have been met with a mix of excitement and skepticism, with some viewing it as a significant player in advancing AI, while others are concerned about the implications of Musk's influence over AI development, especially considering his past with OpenAI and his views on AI safety and regulation. (Grok)

Media Man: Groking impressive stuff Team Musk.

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Sky News Australia

Sky News Australia wins Medfia Man 'News Outlet Of The Month' award

Sky News Australia Wins Media Man 'News Outlet Of The Month' (Australia) Award Again

News

Meta, Mark Zuckerberg are joining the 'vibe shift' in the Western world by ending their collaboration with biased third-party fact checkers

Meta's stunning about-face on its fact-checking program shows the pendulum is in full swing towards common sense as free speech makes its long-awaited comeback, writes Rocco Loiacono.

It was Bob Dylan who sang, “for the times they are a-changin’”.

Just under four years ago Meta/Facebook acceded to pressure from the Biden Administration to censor content on its platforms regarding COVID, its CEO Mark Zuckerberg admitted.

Much of that content, of course, proved to be true.

Meta also placed restrictions on topics such as immigration and gender identity during a crackdown at the time.

Now Zuckerberg has suddenly discovered that the Meta fact-checking program was biased against conservatives.

That much we already knew, as exposed through Sky News host Peta Credlin, SkyNews.com.au Digital Editor Jack Houghton and others, particularly in relation to actions by the thoroughly discredited RMIT Fact Check Lab, which partnered with Meta, to censor opinions on the ‘No’ side of the Voice Referendum.

Zuckerberg said the recent elections around the globe felt “like a cultural tipping point towards once again prioritising free speech”.

You got that right.

There is a cultural shift afoot, a shift, hopefully, that sees a return to a mutual respect for dissenting views, a respect for arguably the greatest gift the liberal Western democratic tradition has given us: free speech. (Sky News Australia)

In a recent op-ed published in the Australian, historian Niall Ferguson referred to a Substack post from February 2024 by Santiago Pliego, who declared we were witnessing a “vibe shift”.

Pliego wrote that the vibe shift is “a return to – a championing of – Reality, a rejection of the bureaucratic, the cowardly, the guilt-driven; a return to greatness, courage, and joyous ambition” and “spurning the fake and therapeutic and reclaiming the authentic and concrete”.

I am old enough to remember how old Eastern Bloc leaders told their subjects how superior communism was, before it all came crashing down.

Now we are seeing another vibe shift.

The rise and success of Giorgia Meloni in Italy and Javier Milei in Argentina – in the teeth of internal and global opposition and condemnation – is testament to that. (Sky News Australia)

Full article and coverage via Sky News Australia

https://www.skynews.com.au/insights-and-analysis/meta-mark-zuckerberg-are-joining-the-vibe-shift-in-the-western-world-by-ending-their-collaboration-with-biased-thirdparty-fact-checkers/news-story/9429235bf25bd774088fff76f27fba99

Video

'Win for free speech and common sense': TV host welcomes Meta scrapping fact checkers
https://www.youtube.com/watch?v=caOYvfTVvRE&t=21s&ab_channel=SkyNewsAustralia

January 8, 2025

Sky News host Danica De Giorgio has welcomed Mark Zuckerberg scrapping Meta’s fact checkers in America, stating the decision as a win for free speech and common sense.

In a significant move, Meta CEO Mark Zuckerberg announced that the company would be scrapping third-party fact-checkers on Facebook and Instagram, instead the social media giant will replace them with user-generated ‘community notes’.

The announcement comes just weeks ahead of Donald Trump’s return to the White House.

“This is the Donald Trump effect at work already,” Ms De Giorgio said. (Sky News Australia)

News Flashback

Elon Musk trolls Sydney Morning Herald for predicting he will be 'forced to hand over the reins' at Tesla in 2025

Billionaire Elon Musk has given a brutal reply to the Sydney Morning Herald after the publication made the wild prediction he will leave his role at Tesla in the new year.

December 30, 2024

By Patrick Staveley and Max Melzer

Elon Musk has hit back at the Sydney Morning Herald after the masthead wildly predicted the billionaire would quit Tesla in 2025.

SMH published an opinion piece by technology editor David Swan on Sunday evening which shared a series of predictions for tech in the new year.

One of the predictions centred on Musk and whether his busy list of commitments would force him to part ways with Tesla as he focuses on a new role in 2025 as the joint lead of the Department of Government Efficiency in the Trump administration.

"To be juggling leadership roles at X, Tesla, SpaceX, xAI, the Boring Company and Neuralink was already unsustainable," the SMH op-ed read.

"Musk has already found himself at loggerheads with MAGA diehards like Steve Bannon over immigration issues, and the inauguration is still weeks away. He’s also been at loggerheads with the justice system, after a US judge blocked Musk’s $US56 billion ($90 billion) pay package from Tesla.

"After constant controversies and distractions, it will all come to a head in 2025, and Musk will be forced to hand over the reins at Tesla, a company many mistakenly think he founded." (Sky News Australia)

https://www.skynews.com.au/australia-news/elon-musk-trolls-sydney-morning-herald-for-predicting-he-will-be-forced-to-hand-over-the-reins-at-tesla-in-2025/news-story/1ec0b3fb3aa99d2af1b76fa3b76b3007

Full article and coverage via Sky News Australia @SkyNewsAust

Media Man

Sky News Australia is the Media Man 'News Outlet Of The Year' 2024 (Australia) award winner

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Sky News Australia via Grok

Sky News Australia is a conservative-leaning news channel, part of the News Corp Australia network. Here are some key points about it:

Ownership and History: It was originally launched in 1996 as a joint venture between British Sky Broadcasting (BSkyB), Seven Media Group, and Nine Entertainment Co. News Corp Australia acquired it in 2016, making it a subsidiary of Rupert Murdoch's media empire.

Content and Ideology: Sky News Australia is known for its conservative perspective, often featuring opinion-based programs in its prime time lineup. Its content includes rolling news coverage, but it's particularly noted for its commentary and analysis from a right-leaning viewpoint.

Distribution: The channel is available on pay television in Australia and New Zealand. There's also a free-to-air version, Sky News Regional, which combines programming from Sky News Australia and Fox Sports News, distributed through select terrestrial TV stations.

Digital Presence: Sky News Australia has a significant online presence, with apps available for mobile and tablet devices providing access to breaking news, analysis, and opinion pieces. They also maintain an active social media presence, including on platforms like X (formerly Twitter) and YouTube, where they share news updates and clips from their shows.

Controversies and Notable Moments:
The channel has faced criticism for its political stance, particularly in relation to climate change skepticism and its coverage of certain political figures or events.
A notable incident included the termination of a contract with former Liberal Party MP Ross Cameron due to his use of offensive language.

There have been instances where Sky News hosts and commentators have stirred controversy with their remarks on various social and political issues, reflecting the channel's conservative editorial line.
Current Trends and Topics:
Recent discussions on X related to Sky News Australia have highlighted political issues like the visit of Australian Attorney General Mark Dreyfus to Israel, debates over election cycles, and responses to antisemitic incidents in Australia. These reflect the channel's engagement with national and international politics from its conservative perspective.

Sky News Australia thus plays a significant role in shaping public discourse in Australia, especially among those who align with or are interested in conservative viewpoints. (Grok)

Media Man Web Tips

Online Content

In saturated markets, growth hinges on seizing market share through SEO-centered content marketing and innovation to highlight your business's unique selling points.

Comprehensive competitor and keyword research alongside high-quality, structured content creation are vital to establishing industry authority in competitive markets.

Adoption of emerging platforms and continual monitoring of performance metrics ensure content marketing strategies are result-oriented and adaptive.

A saturated market presents business owners with unique challenges. It can be difficult for new businesses to break into a saturated market or for well-established businesses to increase their revenue. However, with SEO-driven content marketing strategies, you can capture more market share and add to your existing customer base.

What is a saturated market?
A saturated market has little to no new consumer demand for a product or service. This can occur for several reasons, including intense competition, lowered demand or changing trends, making certain products or services obsolete. Some examples of saturated markets include the smartphone manufacturing industry, social media news and services, the fast food industry and the cryptocurrency/Bitcoin news sector.

It's important to distinguish a saturated market from a niche market. Even though they are both extremely competitive, this competition is caused by different factors. Niche industries are competitive because they cater to a much smaller customer base with very specific needs. Saturated markets, in general, consist of a much broader consumer base that has already been claimed by established competitors.

Challenges of a saturated market
Saturated markets present several specific challenges. The lack of customer growth can make it difficult for businesses to grow or diversify their revenue streams. Saturated markets are very difficult to break into since businesses must compete against established suppliers who may have high customer retention rates due to their brand reputation.

The only way for businesses in a saturated market to grow significantly is to steal market share from their competitors. This requires innovation since companies must either increase demand by having a new product or find ways to highlight their brand's unique selling points.

Content marketing strategies for a saturated market
One of the best ways to stand out in a saturated market and steal market share is to update your content marketing strategies.

Start with SEO
SEO is essential if you want to gain visibility in today's saturated markets. Having quality content will not help you if potential consumers are not finding it. Technical SEO and SEO-driven content strategies can help your content rank higher on SERPs, ensuring that your target audience is regularly seeing your content.

Using effective SEO helps you increase your brand visibility and customer base. At Outpace SEO, optimizing multiple forms of content, including images, service pages, blogs and alternate text, is one of the strategies we use to make sure that our clients are as competitive as possible in difficult search landscapes.

Do the right research
To effectively implement SEO-driven marketing, businesses need to research their target demographic, relevant keywords and competitors. For example, at my company, we conduct competitor audits for our clients to identify which topics and types of content are ranking on the first page, as well as any content gaps.

Write original, high-quality content
Businesses can develop an effective content strategy based on keyword research. The content you produce should be original, creative and written by people, not AI - or at least mainly by people, like the hard working folks at Media Man. Updating content regularly and making sure it is accurate can also help you build authority and credibility. High-quality content published regularly will establish you as a major player in your industry, helping you build a customer base.

Optimize content structure
Content structure has the potential to boost rankings and help businesses appear in AI overviews, rich snippets and xAI, and perhaps also ChatGPT search results. One strategy we use to optimize our clients' content is using long-tail keywords and high-volume search queries in the headers. Length is also important: research the average length of your competitor's pages that are ranking in the top spots, and start creating content that is similar in length.

Embrace new platforms
What platforms are your customers using? TikTok, X AI, ChatGPT search and Instagram are just a few examples of new opportunities for content marketing. Keeping up with new platforms rather than sticking to outdated strategies can help you stay ahead of the competition and capture market share. Rather than spreading your resources thin and diluting your brand, identify the most effective platform for your demographic and use it to highlight your unique selling points.

Monitor success
Your marketing strategies should provide tangible results. If they are not, it might be time to adjust. Monitoring the right KPIs, such as engagement, click-through rates, bounce rates, rankings and conversions, can help you gain a clearer picture of which content is actually working for you. Making data-driven decisions about content marketing strategies is one of the best ways to succeed in a saturated market.

Update your content strategies to succeed
If your business is in a saturated market, scaling and increasing revenue will be especially challenging. To succeed, it's important to optimize every aspect of your content so that it works for your business. Using SEO to inform content marketing strategies and making data-driven decisions can help you update and improve content while building brand authority. Stay competitive in saturated markets with SEO-driven content marketing practices.

News

Media Man Web Tips SEO, Search Engines And More; For Business And Beyond; Tips, insider terms, proven time tested methods and more from the front line

Gonzo journalism elements to help keep things interesting ... Human and AI Elements!

SEO, Search Engines And More; For Business And Beyond; Tips, insider terms, proven time tested methods and more from the front line; Gonzo journalism elements to help keep things interesting ...

Human and AI Elements!
SEO or Hunt Machine Optimisation is the process of perfecting the website’s visibility to have applicable quests on hunt machines. More visibility in hunt results makes the point attract the attention of the druggies. and the population at large.

Search Machines such as and similar as Google, Yahoo, and Bing use technology to bottleneck on the web on different spots. They collect information about each point and also put them in an indicator. Further, the algorithm analyses the runners in the indicator grounded upon numerous different factors to determine the applicable spots that appear in a hunt result. The ranking factors for seo toronto can be keywords, unique content, applicable length of content, image attributes, etc. Optimizing the point with SEO factors can grease crawling and indexing and help the point rank advanced in hunt results. Unlike paid hunt advertisements, organic rankings on point can’t be achieved on hunt machines. thus, it becomes important to optimize websites to rank advanced in hunt results.

When it comes to Statistics, The first five Google quests on the first runner account for 67.60, while only 0.78 of Google quest click on the alternate runner. 70 of the marketers consider SEO more effective than PPC for generating deals. 51 of shoppers surveyed say they use Google to probe a purchase they plan to make online. These are a many statistics to punctuate the significance of SEO.

An effective SEO strategy can help the runner rank advanced and reach the right followership and increase website business when it comes to businesses. It can also help in getting transformations. Readout why SEO is important for businesses.

1. Increases visibility of a website

SEO, when done right, can help businesses increase their visibility on the website. It’s the direct motorist of bettered visibility and prints in the hunt results. Using the right keywords, adding backlinks from high sphere authority websites, optimizing metadata on the point, and participating unique content are among the many factors that can help the point increase visibility. SEO facilitates crawling and indexing, which helps in adding the visibility of a website.

2. Increases website business

Organic hunt is pivotal to a business. Search Machines contribute to a business’s visibility, and SEO can help druggies land to the point. SEO builds an online presence, increases website business, and helps the business to grow. The advanced the website ranks, the further business the business shall admit. The first Google hunt result has a 28.5 click- through rate which falls down to 2.5 for the tenth hunt result.

3. Enhances stoner trust on website

SEO establishes the authority of content on the hunt machine by admitting parameters like unique content, quality backlinks, advanced runner ranking, and stoner geste, which enhances stoner trust in the website. spots that are listed on the hunt machine are considered believable than the runners that aren’t. Quality SEO helps establish business credibility, gives exposure, and enhances its character.

4. This leads to a better consumer experience of the website.

SEO can help in perfecting the consumer experience and furnishing quality content to the consumers. It makes the content dependable through quality backlinks and the right keywords. SEO helps search machines in relating the right spots that are helpful to the stoner. Website speed is another criterion that plays an important part. A slow website will have a high brio and tends to distort the experience.

5. Search Machines aren’t perfect, and if you don’t take applicable way, your website will be ranked lower.

Hunt Machines need or, as we call, colorful conditions to identify point applicability. SEO enables the hunt machine to effectively judge its applicability and show the same in the hunt results. The better these conditions are satisfied, the advanced the runner ranks, which can help the business get website business, make credibility, and lead to transformations.

6. High website business would lead to advanced transformations.

Transformations can be appertained to the asked thing the point or business has. That can be enabling deals, subscribing to a service, adding readership, etc. Quality SEO promotes high website business which in turn leads to advanced transformations. High-engaging websites are bound to get a better conversion as they can gather maximum eyeballs.

Conclusion

SEO has come a critical element to the online success of businesses. Businesses who want to make sure of their strong online presence need to invest in SEO.

Fun Fact: The next article/scribe we publish on SEO and the like will be much more traditional in nature, and may not actually get as many readers, such is the nature of the online news and publishing media. More regular SEO news coverage on the Media Man Group of websites.

Media Man

The Media Man Group is primarily an online news, media and sports management firm and website portal developer. By default Media Man developed many effective SEO (Search Engine Optimisation) techniques and strategies since their launch in 2001. SEO helped elevate Media Man websites into Hitwise "Top 10" status (entertainment - personalities) category. Media Man also offers a range of media and convergent media services including article copy, PR (public relations), text link based campaigns, product placement and endorsement, buzz marketing (via websites and social media) and brand building. The company is best known for insightful media analysis, specalising in pop culture/entertainment, streaming and subscriber television including PPV (Pay-Per-View), pro wrestling aka sports entertainment coverage, MMA (mixed martial arts), and commentary and coverage on an array of trending topics, with strong focus on X (FKA Twitter), Alphabet (Google, YouTube, Blogger etc) and new and emerging technology and news platforms and developments. Media Man is often referenced in both mainstream, niche and alternative news media stories. The company motto remains "Putting Your Name Out There".

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Mining News

Mining industry ‘critical’ to future energy transition

Breton Technology Middle East and Australia Chairman Lance Kawaguchi says the mining industry is “critical” to the future energy transition.

A prominent tech and manufacturing company is pushing the boundaries of sustainable mining globally through the deployment of battery-electric machinery and advanced autonomous technology.

“Our mission is to try to do our part to be sustainable,” Mr Kawaguchi told Sky News Australia.

“What we are trying to do is to find solutions ... to still be able to mine but reduce the carbon footprint and energy consumption.”

Media Man: Sky's the limited with the right resources, media and business associates, vision and hard and smart work!

News

Mining via Grok

Mining is an essential industry that involves the extraction of valuable minerals or other geological materials from the Earth. Here's an overview based on general knowledge and contemporary information:

Methods of Mining:

Underground Mining: Used for deep mineral deposits. This method involves creating shafts or tunnels to reach the ore. It's more expensive and can be hazardous but is necessary for high-value minerals located deep underground.

Open Surface (Pit) Mining: Best for minerals located near the surface. This method creates an open pit to extract the ore. It's generally safer and less expensive than underground mining when the ore body is near the surface.

Placer Mining: Utilizes water to extract minerals, typically gold, from sediments in river channels or other alluvial deposits.

In-Situ Mining: Involves dissolving the mineral resource in place using chemicals and then processing it at the surface without moving the rock. This method is often used for uranium.

Environmental Impact:

Mining has significant environmental impacts:

Land Disturbance: Open pits, spoil heaps, and tailings change landscapes dramatically, often leading to deforestation and habitat destruction.

Water Pollution: Mining can lead to acid mine drainage, where acids and heavy metals leach into water sources, which is harmful to aquatic life and human health.

Air Pollution: Dust from mining operations can affect air quality, and processing some ores releases harmful gases.

Rehabilitation: Modern mining practices often include plans for land rehabilitation post-mining, though the success of these efforts can vary widely.

Technological and Economic Aspects:

Technology: Modern mining uses advanced technology for exploration (like satellite imagery, geophysical methods), extraction (automated machinery), and processing (bioleaching, for instance).

Economics: Mining can be extremely lucrative, driving economic growth in many regions. However, the volatility in mineral prices can lead to boom-and-bust cycles in mining-dependent communities.

Energy Transition: There's an increasing focus on mining due to the demand for minerals critical for renewable energy technologies (like lithium for batteries).

Social and Political Dynamics:

Labor: Mining often employs significant numbers of workers, but conditions can be tough, leading to labor disputes. Automation in mining aims to reduce human risk but also affects employment.

Community Impact: Mining operations can bring development to remote areas but also social displacement, health issues, and conflicts over land use and water rights.

International Relations: Countries rich in resources can become focal points for international partnerships or competition, as seen with rare earth elements or, historically, with uranium, like the recent interest in Niger's uranium by countries like Turkey.

Bitcoin and Cryptomining:

Unlike traditional mining, cryptocurrency mining involves solving complex mathematical problems to validate transactions on the blockchain, which requires significant computational power and energy. Recent X posts highlight a growing intersection between digital and physical mining worlds through themes like Bitcoin mining games and the environmental debate around the energy consumption of crypto mining.

This overview captures the multifaceted nature of mining, from its methodologies to its broader implications on society, technology, environment, and global politics. (Grok)

News/Profile via Grok

Mining Industry

The mining industry continues to evolve, influenced by various economic, environmental, technological, and regulatory factors:

Technological Advancements: The industry is seeing a push towards automation and the use of advanced machinery, aiming for efficiency, safety, and reduced environmental impact. Technologies like autonomous drilling systems, AI for exploration and mine planning, and IoT for real-time monitoring of equipment are becoming more common.

Environmental Concerns and Sustainability: There's increasing pressure for the mining industry to adopt more sustainable practices. This includes efforts to reduce water usage, lower emissions, rehabilitate mined lands, and use renewable energy sources in mining operations. The concept of "green mining" is gaining traction, where the focus is on minimizing the environmental footprint throughout the lifecycle of a mine.

Regulatory Changes: Governments around the world are updating mining laws to boost growth while ensuring environmental protection and community rights. For instance, as seen in posts on X, Indonesia has updated its mining regulations to streamline operations but also to ensure compliance and environmental protection.

Demand for Critical Minerals: The rise in demand for electric vehicles and renewable energy technologies has shifted focus towards minerals like lithium, cobalt, nickel, and copper. These are crucial for batteries and electronics, leading to what might be described as a new mining boom for these specific resources.

Economic Impact and Market Dynamics: The mining sector's health often serves as a barometer for global economic activity. Recent sentiment, as reflected on platforms like X, indicates optimism with expectations of increased investment in the sector, though there are calls for more favorable conditions like lower power tariffs and stable policies.

Supply Shortfalls: There's growing concern over supply shortfalls for several key metals due to insufficient current mining output to meet the rising demand, especially for those used in high-tech products and green technologies.

Investment and Expansion: The industry is looking at significant expansion, with equipment industries related to mining expected to grow by a substantial margin. This growth is driven not just by traditional mining but also by the need for new mines to meet the demand for metals critical for the tech and green industries.

Global Perspective: While the U.S. remains a significant player, countries like Australia, with its gold rushes in the past, and now regions in Africa and South America, are central to the global supply of various minerals. The strategic importance of mining in national economies and for global supply chains continues to be a focal point in geopolitical discussions.

Social License to Operate: Mining companies are increasingly aware of the need for a social license, meaning gaining community and societal approval, not just regulatory permits. This involves better engagement with local communities, more transparent operations, and contributing positively to the areas they operate in.

Remember, while these insights reflect general trends and sentiments, the mining industry's specifics can vary greatly by region, the mineral in question, and current global economic conditions. Always consider the latest reports and local news for the most current state of affairs in the mining sector. (Grok)

News

Bitcoin Mining Profile And News via Grok

Bitcoin mining is the process by which new bitcoins are entered into circulation, but it's also a critical component of the maintenance and development of the blockchain ledger. Here's a simplified overview of how it works:

Transaction Verification: Miners collect transactions broadcasted to the network into a block. They verify that these transactions are legitimate according to the rules of the Bitcoin network (e.g., checking for double-spending).

Creating a Block: Once a set of transactions are verified, they are added to a block. Each block contains a reference to the previous block, forming a chain (hence, blockchain).

Proof of Work: Miners must solve a complex mathematical puzzle that requires significant computational power. This puzzle is essentially finding a hash that meets certain criteria (the hash must start with a certain number of zeros). The difficulty of this puzzle adjusts to ensure that a new block is mined approximately every 10 minutes.

Hash: A hash is a function that converts an input of letters and numbers into an encrypted output of a fixed length. In Bitcoin, the SHA-256 hashing function is used.

Finding the Solution: The first miner to solve the puzzle gets to place the next block on the blockchain and claim the rewards. This process involves a lot of trial and error, with miners adjusting a value called the "nonce" in the block header to try to produce a hash that meets the criteria.

Rewards: The successful miner is rewarded with:
Block Reward: A set amount of newly minted bitcoins. This reward halves approximately every four years in what's known as the "halving." As of my last update, the block reward was 6.25 bitcoins, but by 2024, it would have halved again if the schedule continued as planned.
Transaction Fees: All the transaction fees from the transactions included in the block.

Energy Consumption: Bitcoin mining is notorious for its energy consumption due to the computational power required for proof of work. This has led to discussions about the environmental impact of Bitcoin.

Mining Pools: Because the probability of mining a block solo has become very low due to the network's total computational power, many miners join mining pools. Here, miners combine their computational resources and share the block rewards according to the amount of work they contributed to the probability of finding a block.

Equipment: Over time, mining has evolved from using CPUs to GPUs, FPGAs, and now ASICs (Application-Specific Integrated Circuits), which are designed specifically for mining and offer significant efficiency improvements.

Decentralization and Security: The mining process helps to secure the network by making it economically infeasible to attack or alter the blockchain. For an attacker to change any part of the blockchain, they would need to redo the proof of work for all subsequent blocks and outpace the honest nodes, which is impractical without controlling more than 50% of the network's mining power.

Since we're now in 2024, if there have been significant changes or updates to Bitcoin mining practices, technology, or regulations since my last update, those would be worth checking out for the most current information. Would you like me to search for any recent developments in Bitcoin mining? (Grok)

#Mining #MiningNews #MiningIndustry #MiningStocks #Energy #Resources #Technology #Innovation #Blockchaing #Bitcoin #BTC #newsfeed #newsfeeds #newswire #Grok #MiningPR #PR #News #media #mediaman #mediamanint #XMining

Trump, Biden reports rock chip sector

July 17, 2024

A pair of developments sparked by the current president and his 2024 challenger sent shudders throughout the chip sector today.

Why it matters: The industry most crucial to defense and the AI revolution continues to be squeezed on multiple sides — as demand continues to outpace supply.

Driving the news: Former President Trump chided Taiwan in a Bloomberg interview published yesterday for taking away U.S. chip manufacturing and using the U.S. as an "insurance policy" against China.

Overnight, a separate Bloomberg report suggested that the Biden administration is considering putting into place severe U.S. trade restrictions on advanced chip technology to China that could be imposed on several foreign-made products.

Zoom in: The administration is facing pressure from domestic companies that feel disadvantaged by existing U.S. trade restrictions. Now it's attempting to sway allies to limit their own companies from continuing to supply China with advanced semiconductor technology, Bloomberg noted.

The intrigue: Chip stocks were pummeled across the globe today (Nvidia, AMD, Qualcomm among them), alongside some Big Tech names including Meta and Apple.

The tech-heavy Nasdaq closed down 2.8% to its worst level since December 2022.

Analyst Jim Lebenthal of Cerity Partners speculated on CNBC today, however, that some investors may be using the news as an excuse to take profits.

What we're watching: ASML shares fell more than 12.7% today despite issuing better-than-expected bookings for its machines in its last quarter.

TSMC, which closed down about 8%, is scheduled to release its latest earnings report tomorrow morning. (AXIOS)

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Elon Musk’s X Files Antitrust Suit Against Global Advertising Alliance

August 6, 2024

Elon Musk’s social media platform X has launched a significant antitrust lawsuit against the Global Alliance for Responsible Media (GARM) and several of its member companies, alleging an illegal ad boycott that targeted the platform. The lawsuit, filed in Texas, is aimed at GARM, its parent firm World Federation of Advertisers (WFA), and members including CVS Health, Mars, Orsted and Unilever.

In an open letter to advertisers, X CEO Linda Yaccarino highlighted the reasons behind the lawsuit, stating that it was a direct response to GARM’s actions which allegedly cost the company billions of dollars. “This is not a decision we took lightly, but it is a direct consequence of their actions,” Yaccarino wrote. “The illegal behavior of these organizations and their executives cost X billions of dollars” per The New York Post.

The lawsuit is seeking trebled compensatory damages and injunctive relief, according to a complaint viewed by The New York Post. GARM, led by Robert Rakowitz, is an initiative of the WFA, which represents many of the world’s largest companies and ad organizations, including Disney and Coca-Cola. Its members control 90% of global marketing spending, nearly $1 trillion per year.

Yaccarino emphasized that the issue extends beyond financial damages. “This case is about more than damages — we have to fix a broken ecosystem that allows this illegal activity to occur,” she added.

According to The New York Post, the suit argues that the boycott undermined the marketplace of ideas by financially harming certain viewpoints over others. (Credit: PYMNTS)

Full article and coverage via PYMNTS

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Elon Musk takes GARM, several companies to court over alleged advertising boycott of X outlined in bombshell report

August 7, 2024

Tech billionaire Elon Musk has taken several companies and an advertising alliance to court over allegations of a "boycott" of X.

Elon Musk has waged “war” against advertisers as his social media platform X filed an antitrust lawsuit against a global ad alliance and several major companies, accusing them of illegally boycotting the site.

X filed a suit in a federal court in Texas against the World Federation of Advertisers (WFA), the Global Alliance for Responsible Media (GARM) and its members CVS Health, Mars, Orsted and Unilever.

The suit comes after a report from the US House of Representatives Judiciary Committee found GARM and its members “directly organised boycotts” and employed other indirect tactics to target disfavoured “platforms, content creators” and news organisations to demonetise them.

It alleges that GARM’s boycott led advertisers to pull money from X under the guise of “brand safety” concerns.

X’s CEO Linda Yaccarino argued this tactic hindered users on the social media platform from accessing a wide breadth of ideas by funding alternative viewpoints.

“The consequence - perhaps the intent - of this boycott was to seek to deprive X’s users, be they sports fans, gamers, journalists, activists, parents or political and corporate leaders, of the Global Town Square,” she wrote.

“To put it simply, people are hurt when the marketplace of ideas is undermined and some viewpoints are not funded over others as part of an illegal boycott.”

Mr Musk shared his colleague’s statement to the platform and boldly declared: “We tried peace for 2 years, now it is war.”

He later encouraged “any company who has been systematically boycotted” to file a suit.

Following his post, video sharing platform Rumble joined Mr Musk’s lawsuit, claiming it has also been impacted towards GARM’s alleged skew away from right wing voices and ideologies.

The platform announced its move on X where it accused GARM of being “a conspiracy to perpetrate an advertiser boycott of Rumble and others, and that's illegal”.

Since Musk took over the social media platform in October 2022, X has suffered a serious dive in ad dollars with the platform taking in US$2.5 billion in 2023, according to Bloomberg.

This was down from the US$1bn it was bringing in every quarter of 2022.

Musk triggered controversy again in November 2023 when he endorsed an anti-Semitic conspiracy theory that Jewish communities push “hatred against whites”.

The X owner responded: “You have said the actual truth,” sparking an advertiser exodus that was reported to have lost the company as much as $75m, per The New York Times.

He made headlines again in the same month after blasting advertisers boycotting the social media platform, boldly declaring: “Go f**k yourself”.

“If somebody is going to try to blackmail me with advertising, blackmail me with money, go f**k yourself. Go f**k yourself. Is that clear? I hope it is,” he said. (Sky News Australia)

Full article and coverage via Sky News Australia

https://www.skynews.com.au/business/media/elon-musk-takes-garm-several-companies-to-court-over-alleged-advertising-boycott-of-x-outlined-in-bombshell-report/news-story/7bac6243aada770042d14ca84afc23e7

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Market, Commodities and Financial News Snapshot via Media Man

August 7, 2024

Australian Dollar: $0.6520 USD (up $0.0024 USD)

Iron Ore Sep Spot Price (SGX): $102.85 USD (down $0.70 USD)

Oil Price (WTI): $72.96 USD (down $1.02 USD)

Gold Price: $2,389.45 USD (down $19.96 USD)

Copper Price (CME): $4.0095 USD (up $0.0085 USD)

Bitcoin: $56,485.71 USD (up 3.10% in last 24 hours)

Dow Jones: 38,997.66 at 5.02pm NY time (up 294.39 points on yesterday's close)

(Roy Morgan Summary)

Bitcoin drops 10pc as rout deepens

August 5, 2024

Bitcoin is under pressure from a bout of risk aversion in global markets that saddled the largest digital asset with its heftiest weekly loss since the collapse of the FTX exchange in 2022.

The original cryptocurrency sank more than 10 per cent at one point before paring some of the decline to trade at $US54,333 ($83,590). The token lost 13.1 per cent in the seven days through Sunday, the most since the FTX bankruptcy period. Smaller tokens such as ether and meme-crowd favourite dogecoin also nursed heavy losses.

The declines come as a global stock sell-off intensifies, reflecting concerns about the economic outlook and questions over whether heavy investment into artificial intelligence will live up to the hype surrounding the technology. Geopolitical tension is rising in the Middle East, adding to investor skittishness.

Bitcoin exchange traded funds in the US suffered their largest outflows in about three months on August 2. The digital asset has also tumbled through its 200-day moving average price.

The latter technical chart pattern “opens the way for a deeper pullback” towards $54,000, Tony Sycamore, market analyst at IG Australia, wrote in a note.

Bitcoin has been buffeted by a range of factors since hitting a record of $US73,798 in March, including shifting political fortunes in the US as pro-crypto Republican Donald Trump and his Democratic opponent, Vice President Kamala Harris – who has yet to detail a digital-asset policy stance – lock horns in the presidential race. (AI News, Wires)

Chip Maker/Tech Stock News

Nvidia suffers biggest loss in world history after $646 billion bloodbath

"This is a concern"

June 27, 2024

The AI and microchip company has lost 13 per cent in valuation in the past three days.

Nvidia stock has fallen for the third consecutive day and the company has entered the history books as a result. The AI technology and microchip giant's value has seen an incredible climb since 2023 and last week became the world's biggest and most valuable company in terms of market capitalisation.

But since then it has been an absolute bloodbath. Shares dropped 6.7 per cent in value on Monday, which takes the total three-day value drop to 13 per cent, or $646 billion (USD$430 billion).

Not only was the 6.7 per cent fall the largest single-day plummet since April, but it's also the biggest three-day value loss for any company in history, according to Bloomberg.

Even with the slump, Nvidia remains up nearly 140 per cent this year, making it the second-best performer among S&P 500 Index components, behind Super Micro Computer, another favourite AI play.

The stock suffered a drawdown of about 20 per cent earlier this year, although it quickly returned to all-time highs.

While investors have flocked to Nvidia given the sky-high demand for its chips used in AI processing, the scale of Nvidia’s rally – it soared about 240 per cent over the course of 2023 – has underlined concerns about its valuation.

The stock trades at 21 times estimated sales over the next 12 months, making it the most expensive in the S&P 500 by this measure. Still, it remains well liked on Wall Street. Nearly 90 per cent of the analysts tracked by Bloomberg recommend buying, and the average analyst price target points to an upside of about 12 per cent from current levels.

“The momentum in Nvidia and AI stocks, in general, has been staggering,” said Charlie Ashley, portfolio manager at Catalyst Funds. “In terms of investing, I would not be a contrarian right now.” (AI News, Bloomberg, Wires, Yahoo!)

Videos via Yahoo! Finance

It's Nvidia's market, and we're all just trading in it, Steve Sosnick says (Yahoo! Finance) June 26, 2024

Why Nvidia’s rise is similar to the dot-com bubbl (Yahoo! Finance) - June 27, 2024

Gold price all-time highs: 'Not trusting central banks' is main driver, strategist says (Yahoo Finance) - April 2024