BUSINESS

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Eric Jackson, hedge fund manager at EMJ Capital, has made a bold prediction about Nvidia's future valuation. Jackson forecasts that thesemiconductor giant could reach a market capitalization of $6 trillion by the end of 2024, nearly doubling its current value of $3.2 trillion. This projection comes amidst Nvidia's extraordinary year-to-date growth of over 150%, positioning it as a frontrunner in the AI chip market.

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BMW has taken a significant step forward in the world of GT racing with the unveiling of the M4 GT3 EVO, set to make its debut in 2025. This evolution of the M4 GT3 represents a commitment to performance, reliability, and customer satisfaction. Developed with input from factory drivers such as Augusto Farfus, Jens Klingmann, and Bruno Spengler, the EVO-spec car focuses on drivability and efficiency rather than just raw performance gains.

The M4 GT3 EVO distinguishes itself with a host of visual and technical enhancements. Smaller wing mirrors and larger air outlets on the front wheel arches have been introduced for improved aerodynamics. The rear wing’s adjustment range has been expanded, offering better aerodynamic efficiency. The car’s aesthetics are further refined with updated head- and taillights.

Under the hood, the M4 GT3 EVO is equipped with new anti-roll bars on both axles, larger rear brake discs, and a more finely adjustable differential. These upgrades aim to reduce tire and brake wear, ensuring consistent performance over longer periods. The car’s net price is set at €578,000 (approximately $628,655 USD), reflecting the advanced engineering and comprehensive enhancements that have gone into its development.

BMW M Motorsport’s Head of Customer Racing, Bjorn Lellmann, emphasized the importance of customer feedback in the development process. The result is a car that allows drivers to consistently push the limits without undue risk, catering to the needs of racers across various skill levels.

In addition to the M4 GT3 EVO, BMW has also announced the M4 GT4 EVO, which will be available to customers from 2025. The current M4 GT4 has already proven its mettle, with Turner Motorsport clinching the GS title in the IMSA Michelin Pilot Challenge in its debut season. Other notable achievements include championships in the GT4 European Series and Pirelli GT4 America.

The M4 GT4 EVO will be showcased alongside the M4 GT3 EVO at the ring°boulevard during the N24 weekend. While details on the updated GT4 car are yet to be revealed, its presence indicates BMW’s ongoing commitment to providing competitive and cutting- edge vehicles for the racing community.

This strategic move by BMW not only strengthens its position in the GT racing segment but also showcases its dedication to innovation and customer-centric development. With the M4 GT3 EVO and the upcoming M4 GT4 EVO, BMW is poised to continue its legacy of success on the racetrack, offering drivers the tools they need to achieve victory. The anticipation for these vehicles is high, and the racing world eagerly awaits their arrival on the circuit.

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A major American IT company has been fined a substantial sum by the U.S. Department of Labor for posting a job advertisement that excluded
non-whites and non-U.S. citizens from applying. The discriminatory ad sparked outrage and an investigation that found the firm had violated federal anti-discrimination laws.

According to the Department's Office of Federal Contract Compliance Programs (OFCCP), the company posted a job listing in 2018 that stated
applicants must be "White and U.S. citizen" and "No Asians please." The listing was for an engineering position at a facility in Texas.

"The racist and discriminatory language used in this job posting directly violated federal law and core American values," said OFCCP
Director Jenny R. Yang. "No employer should be allowed to exclude applicants based on race, color or citizenship status."

The OFCCP did not identify the company in its statement, referring to it only as "a data analytics firm." However, the agency released details that the firm is a federal contractor with over 2,000 employees and contracts worth over $100 million.

The company has agreed to pay $145,000 in back wages, interest and fines to settle the case, as well as take steps to prevent future discrimination. This includes reviewing policies, providing training, and monitoring its compliance.

In a statement, the firm claimed the discriminatory language was"included in the listing erroneously by a recruiter who has since been terminated." A company spokesperson said it has a"longstanding commitment to affirmative action and equal employment opportunity" and does not condone discrimination.However, the OFCCP Director criticized the firm's "attempts to minimize such egregious discrimination" and said no employer can avoid responsibility by placing blame on a recruiter.

"Discriminatory policies and practices are unacceptable, and the U.S. Department of Labor will work vigilantly to stop unlawful employment
discrimination," Yang stated.

The American Civil Liberties Union (ACLU) highlighted the case as "another example of ongoing discrimination in hiring and employment for roles across the tech industry and American workforce." An ACLU spokesperson urged companies to implement stronger oversight and accountability
measures.

With fines and back wages totaling $145,000, the case serves as a sternwarning to employers about the severe consequences of discrimination in   job recruitment and hiring processes.

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In a groundbreaking study by researchers at the University of Reading, artificial intelligence (AI) has outperformed real students in university exams, raising significant concerns about the integrity of educational assessments. The study, published in the journal PLOS ONE, involved creating 33 fictitious students and using the AI tool ChatGPT to generate answers for undergraduate psychology degree exams.

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Music generation services Suno and Udio, have been accused of violating the copyrights of top artists to train their generative AI engines without permission.