Category Archives: News

Work on new Rome subway line under the Colosseum and Forum enters crucial phase

ROME (AP) — An extended-delayed and complicated venture to convey a subway line beneath historical Roman ruins and thru Rome’s historic middle has entered an important section, with the digging of an 85-meter (280-foot)) deep retaining wall across the flagship station.

Throughout a tour Thursday of the development website at Piazza Venezia, chief engineer Andrea Sciotti mentioned work on the almost 3 billion euro ($3.3 billion) venture, thought of some of the sophisticated of its type on this planet, was probably to be accomplished by 2034.

The Metro C subway line has been within the works for 20 years however has been slowed by bureaucratic and funding delays and, crucially, the archaeological excavations crucial given the underground ruins of Imperial Roman and Medieval civilizations in its approach.

When accomplished, the subway line will run beneath a number of the world’s most vital cultural heritage websites — the Colosseum, Trajan’s Column and the Basilica of Maxentius, the most important constructing within the Roman Discussion board -– in addition to a few of Rome’s prized Renaissance palazzi, church buildings and the Vatican.

Because of this, Italy’s tradition ministry has been concerned at each step and might be available as soon as the digging begins in earnest on the primary 15 meters (50 ft) of the Piazza Venezia station, the place the ruins from historical Rome lie. Throughout that section, archaeologists might be guiding the excavations, taking objects for examine, restoration and eventual placement in a museum inside the station itself when it opens, Sciotti mentioned.

“I believe I can say it’s distinctive on this planet as a result of we don’t solely have the Colosseum and the Basilica of Maxentius, however we now have 15-20 meters of hidden archaeological patrimony -– recognized however hidden,” he informed reporters on the website. “This clearly brings issues that have to be resolved within the planning and realization phases.”

To underscore the delicacy and uniqueness of the Piazza Venezia hub, Sciotti famous that within the 10 years and 755 million euros ($818 million) it’ll take to dig and construct the station, 4 different stations might be constructed alongside the Metro C line heading out of the middle towards the Vatican and past.

“Twenty, thirty years in the past, it will have been very tough to do that,” he mentioned. However because of new expertise, it’s now doable to each dig beneath archaeological websites and defend above-ground patrimony, he mentioned, including that he has already introduced the Metro C venture to engineers in Ecuador who’re additionally planning a subway line by Quito’s historic middle.

For now, the work is within the preliminary section of digging the 85-meter (280-foot) -deep retaining wall of strengthened cement across the perimeter of the Piazza Venezia station. A large hydro mill trench cutter digs rectangular-shaped columns down which might be then stuffed to make a retaining wall to maintain water out and safe the location’s perimeter earlier than the precise digging begins.

Whereas Rome already has two principal subway strains, together with one with a cease on the Colosseum, the Metro C line will penetrate the center of the historic middle and join it to the Vatican and past, offering new choices for the Everlasting Metropolis’s chronically inadequate public transport system.

As soon as the road reaches Piazza Venezia, the subway tunnels themselves will run at an underground depth of 45 meters (150 ft), to additionally spare the above-ground historic palazzi and church buildings from the vibrations {that a} subway nearer to the floor would possibly create.

When opened, the eight-level Piazza Venezia station will present underground connections to the Vittoriano “marriage ceremony cake” monument on the coronary heart of the piazza, the Palazzo Venezia museum on one facet and the museum beneath Hadrian’s Athenaeum, inbuilt 123 A.D., on the opposite.

Sciotti mentioned it was the work close to the Hadrian archaeological website -– with its delicate Trajan’s Column standing upright — that makes him most fearful, even when cautious monitoring is underway and crews will use a buffering method to restrict above-ground vibrations that was utilized in London alongside the Jubilee tube line.

If something occurs to the Trajan’s Column, “I’ve my passport prepared,” he mentioned, joking.

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Indiana PG Tyrese Haliburton becomes sixth Pacer to ever make an All-NBA team

INDIANAPOLIS — Indiana Pacers level guard Tyrese Haliburton has obtained an honor that solely 5 different gamers in franchise historical past have.

Haliburton, a two-time NBA All-Star who led the league in assists per recreation this season, has been named as third Workforce All-NBA participant. The league made the announcement Wednesday evening.

The 6’5″ facilitator was considered one of solely six guards within the league to make the 15-player listing. The total listing of All-NBA groups is beneath:

  • 1st Workforce All-NBA
    • Giannis Antetokounmpo – Milwaukee
    • Luka Doncic – Dallas
    • Shai Gilgeous-Alexander – Oklahoma Metropolis
    • Nikola Jokic – Denver
    • Jayson Tatum – Boston
  • 2nd Workforce All-NBA
    • Jalen Brunson – New York
    • Anthony Davis – Los Angeles Lakers
    • Kevin Durant – Phoenix
    • Anthony Edwards – Minnesota
    • Kawhi Leonard – Los Angeles Clippers
  • third Workforce All-NBA
    • Devin Booker – Phoenix
    • Stephen Curry – Golden State
    • Tyrese Haliburton – Indiana
    • Lebron James – Los Angeles Lakers
    • Domantas Sabonis – Sacramento

By making the All-NBA third Workforce, Haliburton turns into the sixth-ever Pacer in franchise historical past to be named as one of many 15 finest gamers within the league that season. Haliburton joins:

  • Reggie Miller
  • Jermaine O’Neal
  • Metta World Peace (previously Ron Artest)
  • Paul George
  • Victor Oladipo
  • Tyrese Haliburton

As a result of Haliburton has been named to an All-NBA staff, he’ll now make an extra $41 million on his rookie extension deal over the subsequent 5 years.

The All-NBA announcement for Haliburton comes after the 24-year-old Wisconsin native averaged 20.1 factors and 10.9 assists per recreation on 47.7% capturing.

Haliburton and the Pacers are at present taking up the Boston Celtics and fellow All-NBA choice Jayson Tatum within the NBA Japanese Convention Finals. The Celtics lead the collection 1-0 heading into Sport 2 on Thursday evening.

2024 All NBA Awards Earn Anthony Edwards and Tyrese Haliburton $40M

Minnesota Timberwolves guard Anthony Edwards and Indiana Pacers guard Tyrese Haliburton have every led their respective groups to the NBA convention finals this season. They had been already having a reasonably good month of Could, and it simply bought even higher.

Edwards was chosen to the 2024 All-NBA second workforce and Haliburton was chosen to the 2024 All-NBA third workforce. Together with the respect, they every bought a $40 million elevate.

Each gamers signed rookie contract extensions final summer time that had been resulting from be value at the very least 25% of the wage cap (5 years, $204 million), with the potential to extend to 30% of the cap (5 years, $245 million) in the event that they made an All-NBA workforce this yr.

To be eligible, each gamers wanted to play at the very least 65 video games, per the rule within the 2023 collective bargaining settlement (CBA) between the Nationwide Basketball Gamers Affiliation (NBPA) and the league. That was no downside for Edwards, who performed in 79 video games. Haliburton, nonetheless, missed 10 contests in January resulting from a hamstring harm and needed to return shortly and keep away from resting video games thereafter to hit the brink.

The gamers have the 2011 CBA, and particularly the “Derrick Rose Rule” (formally named the “fifth yr, 30% max standards”), to thank for his or her earnings bumps. The clause permits a participant to re-sign together with his present workforce to earn a wage larger than the standard most beginning in his fifth season if at the very least one amongst an inventory of standards is met. A type of standards is being named to an All-NBA workforce in the newest season.

Edwards’ case was hermetic. He averaged 25.9 factors, 5.1 assists and 5.4 rebounds per sport to go together with above-average protection for the workforce with the fourth-best file within the NBA.

Haliburton was a more in-depth name. He scored 20.1 factors per sport and his 10.9 assists per sport led the league, however each of these marks, in addition to his taking pictures percentages, dropped after his harm. His full physique of labor, although, bought him throughout the end line.

Different gamers secured the bag as effectively. There was little doubt that Luka Doncic was going to get a primary workforce All-NBA nod, however in doing so he turned eligible to signal a “supermax” contract value 35% of the cap within the 2025 offseason that may kick in beginning with the 2026-27 season. The theoretical five-year deal could possibly be value greater than $80 million in its remaining season.

On the flip facet, a number of gamers missed out on massive cash. Miami Warmth heart Bam Adebayo, for example, wanted a variety to have the ability to signal a profitable supermax extension, however he missed the minimize. Philadelphia 76ers guard Tyrese Maxey may have his subsequent deal restricted to 25% of the cap versus 30%.

In all, the Western Convention had extra All-NBA gamers than Jap Convention for the 26th straight season.

A system through which the values of contracts lasting 4 or 5 years fluctuate so significantly based mostly on only one yr of efficiency is questionable. Much more doubtful is the truth that these eight-figure greenback swings are decided by a vote of third-party media members. ESPN senior author Zach Lowe mentioned that he surrendered his poll this season as a result of his affect on participant contracts felt “icky.”

Figuring out the salaries of gamers is a duty that many citizens want they didn’t have. “There’s some Haliburton guilt there the place I feel if it’s shut and a contract extension is on the road, I’d be extra prone to vote for that participant,” awards voter Ryen Russillo mentioned on The Invoice Simmons Podcast in April. “I’m simply making an attempt to be clear.”

No one appears happy with the flawed establishment, however in the end the gamers agreed to it. For Edwards and Haliburton, it labored out. Whoever is up for a elevate subsequent yr won’t be so fortunate. 

New portrait of Kate Middleton draws strong reactions online

A brand new portrait of Kate, the Princess of Wales, is drawing combined reactions on-line, only one week after a portrait of her father-in-law, King Charles III, confronted an analogous response.

The portrait of Kate Middleton, the spouse of Charles’ eldest son, Prince William, was commissioned by Tatler journal as a part of a sequence of portraits of members of Britain’s royal household. The portrait was unveiled Wednesday because the journal’s cowl.

The journal stated the portrait was impressed by Kate’s look in November 2022 on the first state banquet of Charles’ reign, to which she wore a Jenny Packham robe, a bracelet belonging to the late Queen Elizabeth II, and drop earrings that belonged to the late Princess Diana.

Kate didn’t sit for the portrait of herself. As a substitute, the artist behind it, Hannah Uzor, a British-Zambian artist, sifted by means of over 189,000 images of Kate to “seize her likeness,” in response to Tatler.

The Princess of Wales is proven on the quilt of Tatler Journal.

Tatler

Describing her creative course of, Uzor stated she tried to seize the “soul” of Kate within the portray.

“It is actually vital to seize the soul of the individual, so I spent lots of time her and her photos, watching movies of her, seeing her along with her household, seeing her in diplomatic visits, seeing her rowing or visiting youngsters in a hospice,” Uzor stated in a video shared by Tatler on Instagram. “It has been actually attention-grabbing for me to get a way of who she is.”

Uzor stated she went by means of a number of sketches to accurately seize Kate’s expression and selected to color her within the Jenny Packham robe as a result of it was “bodily hanging.”

“[It] made her look very regal and really assured,” she stated.

PHOTO: In this Nov. 22, 2022, file photo, Catherine, Princess of Wales is shown during a State Banquet at Buckingham Palace in London.

On this Nov. 22, 2022, file photograph, Catherine, Princess of Wales is proven throughout a State Banquet at Buckingham Palace in London.

Chris Jackson/Getty Pictures, FILE

Uzor’s work, although, acquired combined reactions on-line, with many commenters arguing the portrait doesn’t seem like Kate, who has been out of the general public eye since January, when she underwent surgical procedure and later discovered she had most cancers.

“The portray is gorgeous however doesn’t seem like the princess,” wrote one commenter on Instagram.

“I don’t perceive this portray. I don’t see a resemblance to the princess in any method,” wrote one other.

Different commenters in contrast the portrait to the certainly one of Charles launched final week, with one commenter writing, “Coming after the King Charles portrait debacle/ you’d assume they’d make sure that it was good.”

The portrait of Charles, which stands over 6 ft tall, incorporates a hanging crimson background and reveals Charles carrying the uniform of the Welsh Guards, of which he was made Regimental Colonel in 1975, in response to Buckingham Palace.

In contrast to the portrait of Kate, the portrait of Charles, commissioned to hold in London’s Draper’s Corridor, was painted amongst 4 sittings with the king over the course of two years, in response to the palace.

However in an analogous method, the portrait of Charles drew combined reactions on-line rapidly after its unveiling, at which each Charles and the artist, Jonathan Yeo, have been current.

PHOTO: Artist Jonathan Yeo, left, and Britain's King Charles III at the unveiling of artist Yeo's portrait of the King, in the blue drawing room at Buckingham Palace, in London, May 14, 2024.

Artist Jonathan Yeo, left, and Britain’s King Charles III on the unveiling of artist Yeo’s portrait of the King, within the blue drawing room at Buckingham Palace, in London, Could 14, 2024.

Aaron Chown/AP

“I believe that is stunning and such a break from the standard portraits,” one commenter wrote on the palace’s Instagram submit concerning the portrait.

“I am sorry however his portrait appears to be like like he is in hell,” wrote one other commenter.

“I might have beloved this if it was another colour than crimson,” one other commenter wrote. “He actually captured the essence of him within the face, however the harshness of the crimson would not match the softness of his expression.”

Charlie Colin, former bassist and founding member of Train, dies at age 58


5/22: CBS Morning Information

20:14

Charlie Colin, a founding member and former bassist of the band Practice, has died at age 58, his sister confirmed to CBS Information.

Charlie Colin throughout Practice In Live performance on the Hammerstein Ballroom July 22, 2003 – New York at Hammerstein Ballroom in New York Metropolis, New York, United States. 

Paul Hawthorne by way of Getty


The small print surrounding his demise had been scarce, however TMZ reported the musician slipped within the bathe and fell whereas housesitting in Brussels, Belgium. On the time of his demise, his social media profile mentioned he was dwelling in Belgium.   

“He was THE sweetest man and what a good-looking chap,” Practice mentioned on social media. Let’s make a band that is the one cheap factor to do. His distinctive bass enjoying a lovely guitar work helped get of us to note us in SF and past. I am going to all the time have a heat place for him in my coronary heart. I all the time tried to tug him nearer however he had a imaginative and prescient of his personal. You are a legend, Charlie. Go attraction the pants off these angels.”

Based in San Francisco in 1993 by charismatic frontman Pat Monahan, Rob Hotchkiss, Jimmy Stafford and Scott Underwood, Practice shot to stardom in 2001 with their album and single “Drops of Jupiter.”  The track and album garnered the band Grammy nominations for File of the 12 months and Finest Rock Efficiency. 

Colin left the band in 2003 as a consequence of substance abuse, based on Selection, however continued to carry out in different bands, together with with former bandmates Hotchkiss and Underwood.

NVIDIA Announces Financial Results for First Quarter Fiscal 2025

  • Report quarterly income of $26.0 billion, up 18% from This fall and up 262% from a yr in the past 
  • Report quarterly Information Heart income of $22.6 billion, up 23% from This fall and up 427% from a yr in the past
  • Ten-for-one ahead inventory cut up efficient June 7, 2024
  • Quarterly money dividend raised 150% to $0.01 per share on a post-split foundation

NVIDIA (NASDAQ: NVDA) at this time reported income for the primary quarter ended April 28, 2024, of $26.0 billion, up 18% from the earlier quarter and up 262% from a yr in the past.

For the quarter, GAAP earnings per diluted share was $5.98, up 21% from the earlier quarter and up 629% from a yr in the past. Non-GAAP earnings per diluted share was $6.12, up 19% from the earlier quarter and up 461% from a yr in the past.

“The subsequent industrial revolution has begun — corporations and international locations are partnering with NVIDIA to shift the trillion-dollar conventional knowledge facilities to accelerated computing and construct a brand new sort of information middle — AI factories — to provide a brand new commodity: synthetic intelligence,” mentioned Jensen Huang, founder and CEO of NVIDIA. “AI will deliver vital productiveness good points to almost each business and assist corporations be extra cost- and energy-efficient, whereas increasing income alternatives.

“Our knowledge middle development was fueled by robust and accelerating demand for generative AI coaching and inference on the Hopper platform. Past cloud service suppliers, generative AI has expanded to client web corporations, and enterprise, sovereign AI, automotive and healthcare clients, creating a number of multibillion-dollar vertical markets.

“We’re poised for our subsequent wave of development. The Blackwell platform is in full manufacturing and varieties the muse for trillion-parameter-scale generative AI. Spectrum-X opens a brand-new marketplace for us to deliver large-scale AI to Ethernet-only knowledge facilities. And NVIDIA NIM is our new software program providing that delivers enterprise-grade, optimized generative AI to run on CUDA in all places — from the cloud to on-prem knowledge facilities and RTX AI PCs — by way of our expansive community of ecosystem companions.”

NVIDIA additionally introduced a ten-for-one ahead inventory cut up of NVIDIA’s issued widespread inventory to make inventory possession extra accessible to staff and traders. The cut up might be effected by way of an modification to NVIDIA’s Restated Certificates of Incorporation, which can lead to a proportionate improve within the variety of shares of approved widespread inventory. Every report holder of widespread inventory as of the shut of market on Thursday, June 6, 2024, will obtain 9 further shares of widespread inventory, to be distributed after the shut of market on Friday, June 7, 2024. Buying and selling is anticipated to start on a split-adjusted foundation at market open on Monday, June 10, 2024.

NVIDIA is growing its quarterly money dividend by 150% from $0.04 per share to $0.10 per share of widespread inventory. The elevated dividend is equal to $0.01 per share on a post-split foundation and might be paid on Friday, June 28, 2024, to all shareholders of report on Tuesday, June 11, 2024.

Q1 Fiscal 2025 Abstract

GAAP
($ in hundreds of thousands, besides earnings
per share)
Q1 FY25 This fall FY24 Q1 FY24 Q/Q Y/Y
Income $26,044 $22,103 $7,192 Up 18% Up 262%
Gross margin 78.4% 76.0% 64.6% Up 2.4 pts Up 13.8 pts
Working bills $3,497 $3,176 $2,508 Up 10% Up 39%
Working earnings $16,909 $13,615 $2,140 Up 24% Up 690%
Internet earnings $14,881 $12,285 $2,043 Up 21% Up 628%
Diluted earnings per share $5.98 $4.93 $0.82 Up 21% Up 629%
           

 

Non-GAAP
($ in hundreds of thousands, besides earnings
per share)
Q1 FY25 This fall FY24 Q1 FY24 Q/Q Y/Y
Income $26,044 $22,103 $7,192 Up 18% Up 262%
Gross margin 78.9% 76.7% 66.8% Up 2.2 pts Up 12.1 pts
Working bills $2,501 $2,210 $1,750 Up 13% Up 43%
Working earnings $18,059 $14,749 $3,052 Up 22% Up 492%
Internet earnings $15,238 $12,839 $2,713 Up 19% Up 462%
Diluted earnings per share $6.12 $5.16 $1.09 Up 19% Up 461%
           

Outlook
NVIDIA’s outlook for the second quarter of fiscal 2025 is as follows:

  • Income is anticipated to be $28.0 billion, plus or minus 2%.
  • GAAP and non-GAAP gross margins are anticipated to be 74.8% and 75.5%, respectively, plus or minus 50 foundation factors. For the complete yr, gross margins are anticipated to be within the mid-70% vary.
  • GAAP and non-GAAP working bills are anticipated to be roughly $4.0 billion and $2.8 billion, respectively. Full-year working bills are anticipated to develop within the low-40% vary.
  • GAAP and non-GAAP different earnings and expense are anticipated to be an earnings of roughly $300 million, excluding good points and losses from non-affiliated investments.
  • GAAP and non-GAAP tax charges are anticipated to be 17%, plus or minus 1%, excluding any discrete gadgets.

Highlights
NVIDIA achieved progress since its earlier earnings announcement in these areas: 

Information Heart

Gaming and AI PC

  • First-quarter Gaming income was $2.6 billion, down 8% from the earlier quarter and up 18% from a yr in the past. 
  • Launched new AI gaming applied sciences at GDC for NVIDIA ACE and Neural Graphics.
  • Unveiled new AI efficiency optimizations and integrations for Home windows to ship most efficiency on NVIDIA GeForce RTX AI PCs and workstations.
  • Introduced extra blockbuster video games that may incorporate RTX know-how, together with Star Wars Outlaws and Black Fantasy Wukong.
  • Added help for brand new fashions, together with Google’s Gemma, for ChatRTX, which brings chatbot capabilities to RTX-powered Home windows PCs and workstations.

Skilled Visualization

Automotive and Robotics

  • First-quarter Automotive income was $329 million, up 17% from the earlier quarter and up 11% from a yr in the past.
  • Introduced BYD, XPENG, GAC’s AION Hyper, Nuro and others have chosen the next-generation NVIDIA DRIVE Thor™ platform, which now options Blackwell GPU structure, to energy their next-generation client and business electrical car fleets.
  • Revealed U.S. and China electrical car makers Lucid and IM Motors are utilizing the NVIDIA DRIVE Orin™ platform for car fashions concentrating on the European market.
  • Introduced an array of companions are utilizing NVIDIA generative AI applied sciences to rework in-vehicle experiences.
  • Launched the Venture GR00T basis mannequin for humanoid robots and main Isaac robotics platform updates.

CFO Commentary
Commentary on the quarter by Colette Kress, NVIDIA’s government vp and chief monetary officer, is obtainable at https://investor.nvidia.com.

Convention Name and Webcast Info
NVIDIA will conduct a convention name with analysts and traders to debate its first quarter fiscal 2025 monetary outcomes and present monetary prospects at this time at 2 p.m. Pacific time (5 p.m. Jap time). A stay webcast (listen-only mode) of the convention name might be accessible at NVIDIA’s investor relations web site, https://investor.nvidia.com. The webcast might be recorded and out there for replay till NVIDIA’s convention name to debate its monetary outcomes for its second quarter of fiscal 2025.

Non-GAAP Measures
To complement NVIDIA’s condensed consolidated monetary statements offered in accordance with GAAP, the corporate makes use of non-GAAP measures of sure elements of economic efficiency. These non-GAAP measures embody non-GAAP gross revenue, non-GAAP gross margin, non-GAAP working bills, non-GAAP earnings from operations, non-GAAP different earnings (expense), internet, non-GAAP internet earnings, non-GAAP internet earnings, or earnings, per diluted share, and free money move. For NVIDIA’s traders to be higher capable of evaluate its present outcomes with these of earlier durations, the corporate has proven a reconciliation of GAAP to non-GAAP monetary measures. These reconciliations regulate the associated GAAP monetary measures to exclude stock-based compensation expense, acquisition-related and different prices, different, good points and losses from non-affiliated investments, curiosity expense associated to amortization of debt low cost, and the related tax impression of these things the place relevant. Free money move is calculated as GAAP internet money supplied by working actions much less each purchases associated to property and gear and intangible property and principal funds on property and gear and intangible property. NVIDIA believes the presentation of its non-GAAP monetary measures enhances the consumer’s total understanding of the corporate’s historic monetary efficiency. The presentation of the corporate’s non-GAAP monetary measures will not be meant to be thought of in isolation or as an alternative choice to the corporate’s monetary outcomes ready in accordance with GAAP, and the corporate’s non-GAAP measures could also be completely different from non-GAAP measures utilized by different corporations.

 
NVIDIA CORPORATION
 CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In hundreds of thousands, besides per share knowledge)
(Unaudited)
           
           
      Three Months Ended
      April 28,   April 30,
       2024     2023 
           
Income $ 26,044     $ 7,192  
Value of income   5,638       2,544  
Gross revenue   20,406       4,648  
           
Working bills      
  Analysis and improvement   2,720       1,875  
  Gross sales, common and administrative   777       633  
    Complete working bills   3,497       2,508  
           
Working Revenue   16,909       2,140  
  Curiosity earnings   359       150  
  Curiosity expense   (64 )     (66 )
  Different, internet   75       (15 )
    Different earnings (expense), internet   370       69  
           
Revenue earlier than earnings tax   17,279       2,209  
Revenue tax expense   2,398       166  
Internet earnings $ 14,881     $ 2,043  
           
Internet earnings per share:      
  Fundamental $ 6.04     $ 0.83  
  Diluted $ 5.98     $ 0.82  
           
Weighted common shares utilized in per share computation:      
  Fundamental   2,462       2,470  
  Diluted   2,489       2,490  
           

 

NVIDIA CORPORATION  
CONDENSED CONSOLIDATED BALANCE SHEETS  
(In hundreds of thousands)  
(Unaudited)  
               
               
        April 28,   January 28,  
        2024   2024  
ASSETS          
               
Present property:          
  Money, money equivalents and marketable securities   $ 31,438   $ 25,984  
  Accounts receivable, internet     12,365     9,999  
  Inventories     5,864     5,282  
  Pay as you go bills and different present property     4,062     3,080  
    Complete present property     53,729     44,345  
               
Property and gear, internet     4,006     3,914  
Working lease property     1,532     1,346  
Goodwill     4,453     4,430  
Intangible property, internet     986     1,112  
Deferred earnings tax property     7,798     6,081  
Different property     4,568     4,500  
    Complete property   $ 77,072   $ 65,728  
               
LIABILITIES AND SHAREHOLDERS’ EQUITY  
               
Present liabilities:          
  Accounts payable   $ 2,715   $ 2,699  
  Accrued and different present liabilities     11,258     6,682  
  Brief-term debt     1,250     1,250  
    Complete present liabilities     15,223     10,631  
               
Lengthy-term debt     8,460     8,459  
Lengthy-term working lease liabilities     1,281     1,119  
Different long-term liabilities     2,966     2,541  
    Complete liabilities     27,930     22,750  
               
Shareholders’ fairness     49,142     42,978  
    Complete liabilities and shareholders’ fairness   $ 77,072   $ 65,728  
               

 

NVIDIA CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In hundreds of thousands)
(Unaudited)
         
    Three Months Ended
    April 28,   April 30,
    2024   2023
Money flows from working actions:      
Internet earnings $ 14,881     $ 2,043  
Changes to reconcile internet earnings to internet money supplied by working actions:      
  Inventory-based compensation expense   1,011       735  
  Depreciation and amortization   410       384  
  Realized and unrealized (good points) losses on investments in non-affiliated entities, internet   (69 )     14  
  Deferred earnings taxes   (1,577 )     (1,135 )
  Different   (145 )     (34 )
Modifications in working property and liabilities, internet of acquisitions:      
  Accounts receivable   (2,366 )     (252 )
  Inventories   (577 )     566  
  Pay as you go bills and different property   (726 )     (215 )
  Accounts payable   (22 )     11  
  Accrued and different present liabilities   4,202       689  
  Different long-term liabilities   323       105  
Internet money supplied by working actions   15,345       2,911  
Money flows from investing actions:      
  Proceeds from maturities of marketable securities   4,004       2,512  
  Proceeds from gross sales of marketable securities   149        
  Purchases of marketable securities   (9,303 )     (2,801 )
  Buy associated to property and gear and intangible property   (369 )     (248 )
  Acquisitions, internet of money acquired   (39 )     (83 )
  Investments in non-affiliated entities   (135 )     (221 )
Internet money utilized in investing actions   (5,693 )     (841 )
Money flows from financing actions:      
  Proceeds associated to worker inventory plans   285       246  
  Funds associated to repurchases of widespread inventory   (7,740 )      
  Funds associated to tax on restricted inventory models   (1,752 )     (507 )
  Dividends paid   (98 )     (99 )
  Principal funds on property and gear and intangible property   (40 )     (20 )
Internet money utilized in financing actions   (9,345 )     (380 )
Change in money and money equivalents   307       1,690  
Money and money equivalents at starting of interval   7,280       3,389  
Money and money equivalents at finish of interval $ 7,587     $ 5,079  
         

 

NVIDIA CORPORATION
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(In hundreds of thousands, besides per share knowledge)
(Unaudited)
                           
       Three Months Ended
      April 28,   January 28,   April 30,
      2024   2024   2023
                           
GAAP gross revenue    $ 20,406     $ 16,791     $ 4,648  
 GAAP gross margin      78.4%       76.0%       64.6%  
  Acquisition-related and different prices (A)     119       119       119  
  Inventory-based compensation expense (B)     36       45       27  
  Different (C)     (1 )     4       8  
Non-GAAP gross revenue    $ 20,560     $ 16,959     $ 4,802  
 Non-GAAP gross margin      78.9%       76.7%       66.8%  
                           
GAAP working bills    $ 3,497     $ 3,176     $ 2,508  
  Inventory-based compensation expense (B)     (975 )     (948 )     (708 )
  Acquisition-related and different prices (A)     (21 )     (18 )     (54 )
  Different (C)                 4  
Non-GAAP working bills    $ 2,501     $ 2,210     $ 1,750  
                           
GAAP working earnings    $ 16,909     $ 13,615     $ 2,140  
  Complete impression of non-GAAP changes to working earnings     1,150       1,134       912  
Non-GAAP working earnings    $ 18,059     $ 14,749     $ 3,052  
                           
GAAP different earnings (expense), internet    $ 370     $ 491     $ 69  
  (Beneficial properties) losses from non-affiliated investments     (69 )     (260 )     14  
  Curiosity expense associated to amortization of debt low cost     1       1       1  
Non-GAAP different earnings (expense), internet    $ 302     $ 232     $ 84  
                           
GAAP internet earnings    $ 14,881     $ 12,285     $ 2,043  
  Complete pre-tax impression of non-GAAP changes     1,082       875       927  
  Revenue tax impression of non-GAAP changes (D)     (725 )     (321 )     (257 )
Non-GAAP internet earnings   $ 15,238     $ 12,839     $ 2,713  
                           
Diluted internet earnings per share                         
  GAAP   $ 5.98     $ 4.93     $ 0.82  
  Non-GAAP   $ 6.12     $ 5.16     $ 1.09  
                           
Weighted common shares utilized in diluted internet earnings per share computation      2,489       2,490       2,490  
                           
GAAP internet money supplied by working actions    $ 15,345     $ 11,499     $ 2,911  
  Purchases associated to property and gear and intangible property     (369 )     (253 )     (248 )
  Principal funds on property and gear and intangible property     (40 )     (29 )     (20 )
Free money move    $ 14,936     $ 11,217     $ 2,643  
                           
                           
                           
(A) Acquisition-related and different prices are comprised of amortization of intangible property and transaction prices, and are included within the following line gadgets:  
      Three Months Ended
      April 28,   January 28,   April 30,
      2024   2024   2023
  Value of income   $ 119     $ 119     $ 119  
  Analysis and improvement   $ 12     $ 12     $ 12  
  Gross sales, common and administrative   $ 8     $ 6     $ 42  
                           
(B) Inventory-based compensation consists of the next:                         
      Three Months Ended
      April 28,   January 28,   April 30,
      2024   2024   2023
  Value of income   $ 36     $ 45     $ 27  
  Analysis and improvement   $ 727     $ 706     $ 524  
  Gross sales, common and administrative   $ 248     $ 242     $ 184  
                           
(C) Different consists of IP-related prices and property held on the market associated changes.                         
                           
(D) Revenue tax impression of non-GAAP changes, together with the popularity of extra tax advantages or deficiencies associated to stock-based compensation beneath GAAP accounting normal (ASU 2016-09).  
                           

 

NVIDIA CORPORATION
RECONCILIATION OF GAAP TO NON-GAAP OUTLOOK
     
 
    Q2 FY2025
Outlook
    ($ in hundreds of thousands)
     
GAAP gross margin   74.8 %
  Influence of stock-based compensation expense, acquisition-related prices, and different prices   0.7 %
Non-GAAP gross margin   75.5 %
     
GAAP working bills $ 3,950  
  Inventory-based compensation expense, acquisition-related prices, and different prices   (1,150 )
Non-GAAP working bills $ 2,800  
     

 

Europa League final: Nigeria’s Lookman the hero as Atalanta stun Leverkusen | Football News

Lookman’s beautiful hat-trick brings Atalanta their first trophy in 117 years and an finish to ‘Neverlusen’s’ unbeaten run.

Ademola Lookman scored a shocking hat-trick as Atalanta beat Bayer Leverkusen 3-0 within the Europa League last to win simply the second main trophy of their 117-year historical past and finish the German champions’ exceptional unbeaten streak.

Lookman, who struggled to ascertain himself within the English Premier League with Everton, Fulham and Leicester Metropolis earlier than reviving his profession in Italy underneath Atalanta coach Gian Piero Gasperini, struck twice inside the primary 26 minutes earlier than sealing the win quarter-hour from full-time on Wednesday evening.

The victory ended Gasperini’s personal two-decade-long pursuit of main silverware as his facet completely outplayed Xabi Alonso’s Leverkusen – or ‘Neverlusen’ as that they had been dubbed after going an unimaginable 51 video games unbeaten.

However simply as they did in opposition to Premier League heavyweights Liverpool and three-time finalists Olympique de Marseille within the earlier two rounds, Atalanta didn’t give their opponents a sniff and marked their first European last with a well-known victory.

“We would have liked to be attacking. It was not sufficient simply to defend. We all know these groups are nice at attacking. Everybody was extraordinary,” Gasperini advised Sky Sports activities Italia, referring to the groups his facet beat to change into the primary Italian winners of the competitors since Parma 25 years in the past.

“The best way we did it was an important factor. We deserved it and not using a shadow of a doubt in opposition to such a powerful workforce. Successful the Europa League is a rare achievement.”

Leverkusen began the sport trying decidedly uncertain of themselves and a few uncharacteristically sloppy play handed the primary likelihood of the sport to Gianluca Scamacca, who didn’t get sufficient on his header from a superb Matteo Ruggeri cross.

It was an early warning shot, and the purposeful Italians struck inside minutes when Davide Zappacosta was allowed far an excessive amount of area down the precise earlier than Lookman beat a flatfooted Exequiel Palacios to the cutback to stroke house the opener.

Lookman was mobbed by his teammates and substitutes who had been in dreamland 14 minutes later.

One other Leverkusen error gifted possession to the Nigerian ahead, who skipped previous one defender and curled a gorgeous right-footed shot into the bottom-right nook from simply outdoors the field.

Ademola Lookman shocked favourites Bayer Leverkusen together with his three objectives within the last [Molly Darlington/Reuters]

‘Among the best nights of my life’

The shocked Germans confirmed transient flashes of how rapidly they may flip it on in assault, however little got here of it – and it was Charles De Ketelaere who got here closest on the break as Atalanta didn’t present a shred of debut last nerves nor any results from the absence of injured captain Marten de Roon.

Leverkusen swapped defender Josip Stanisic for high scorer Victor Boniface at halftime, however it modified little as each units of travelling followers continued to create the form of Aviva Stadium noise matched solely by among the Irish rugby groups’ well-known wins or memorable worldwide soccer nights of years passed by.

Leverkusen had solely failed to attain as soon as through the run that featured 42 wins in all competitions and 17 objectives scored in or after the ninetieth minute, however there was no such comeback on Wednesday in opposition to the resolute Atalanta backline.

“The normality is to not get defeated within the 52nd sport. Usually it occurs a lot earlier within the season. It’s been fairly distinctive what now we have achieved, and now we have to be actually proud,” Alonso advised a information convention.

“We had been lacking many issues for certain. It’s very demanding to play in opposition to Atalanta, numerous twin conditions, very bodily … It occurs, it’s soccer, at this time wasn’t our day. They had been higher.”

Lookman, who accomplished his hat-trick with one other beautiful strike into the highest nook, this time together with his left foot, grew to become the sixth particular person to attain three objectives in a serious European last and first since Jupp Heynckes’ for Borussia Monchengladbach within the 1975 UEFA Cup.

He was flung into the air by his teammates when the ultimate whistle blew, and the Bergamo membership ended the 61-year wait since their 1963 Italian Cup triumph.

“It’s top-of-the-line nights of my life,” Lookman, who cradled the match ball as he collected his winners’ medal, advised TNT Sports activities.

“It was a tremendous efficiency from the workforce. We did it … We made historical past tonight.”

lookman atalanta
Ademola Lookman celebrates with the trophy after successful the Europa League [Hannah Mckay/Reuters]

Atalanta spoils Leverkusen’s perfect treble in Europa League final – NBC New York

Spoiler alert.

Atalanta winger Ademola Lookman was unstoppable and Bayer Leverkusen’s unimaginable dream of finishing a complete season unbeaten with a hat trick of titles proved to be simply that.

As an alternative, Lookman was the hat trick hero in Atalanta’s 3-0 win over Leverkusen within the Europa League closing on Wednesday.

It was a beating few noticed coming for the brand new German champion whose European document unbeaten run was stopped at 51 video games by a crew that had gained 3-0 in Liverpool within the quarterfinals.

Lookman, the London-born Nigeria worldwide, was ruthless punishing huge errors by Leverkusen gamers to attain twice within the first 26 minutes of a recreation the place the favorites by no means checked out ease. He capped his solo present with an arrowing shot within the seventy fifth.

In any regular season, or a typical European closing, Atalanta and its veteran coach Gian Piero Gasperini can be a feel-good soccer story.

What’s to not love for impartial followers within the big-money Tremendous League period? A well-run membership from a small provincial metropolis taking part in engaging soccer on a modest finances for a loyal coach to raise its first top-level trophy for 61 years.

As an alternative, it fell to Atalanta to play the dangerous man and cease Leverkusen’s shot at European soccer immortality.

Leverkusen coach Xabi Alonso should now raise his gamers for the German Cup closing on Saturday. They’ll begin as heavy favourite to beat second-tier Kaiserslautern within the Olympic Stadium, Berlin.

Because the minutes ticked down in Dublin, Alonso lastly watched his crew lose standing nonetheless and alone in entrance of the crew dugout. He alternated between pushing his arms deep within the pockets of his slim-fit black denims, then folding his arms.

A number of meters away, a sprightly 66-year-old Gasperini — his black jacket zipped excessive in opposition to the night chill — was dancing along with his gamers and employees in anticipation of the ultimate whistle.

Alonso’s wide range name Wednesday was to favor Exequiel Palacios in midfield, over Robert Andrich, however the 2022 World Cup winner with Argentina was at fault for the opening aim.

Palacios, defending the far put up, was totally unaware of Lookman behind him when a ball throughout the goalmouth from Davide Zappacosta eluded everybody. Lookman darted in on Palacios’ blind facet to attain with a rising shot.

It was 2-0 within the twenty sixth when Leverkusen but once more gave away the ball within the coronary heart of its personal half. Amine Adli’s aimless header again towards his personal protection bounced to Lookman.

The previous Everton participant eluded Granit Xhaka’s deal with and curled his right-footed shot into the nook of the web past goalkeeper Matěj Kovář diving to his left.

It was the fourth time Leverkusen had trailed 2-0 in a Europa League knockout spherical recreation since March however its unbeaten run had by no means appeared extra in danger. The season-long flurry of late and stoppage-time targets eluded Leverkusen this time.

Even earlier than the Atalanta targets, followers from Bergamo — outnumbered about 12,000 to 9,000 by Leverkusen’s within the 48,000 crowd — principally outsang their German counterparts on an overcast and breezy night within the Irish capital.

The gamers responded with bodily dedication from the opening minutes, harassing Leverkusen out of its usually elegant model with tight marking.

Leverkusen repeatedly gifted Atalanta the ball in its personal half and created little. When scoring possibilities did come, Álex Grimaldo lobbed the ball weakly into the arms of goalkeeper Juan Musso who had superior off his line, and Jeremie Frimpong’s volleyed shot went excessive over the aim.

USMNT soccer legend Tim Howard as he delves into the upcoming Paris 2024 Olympic soccer competitors whereas addressing the challenges confronted by U.S. Soccer on the Olympic stage.

Remember last year’s Memorial Day travel jams? Chances are they will be much worse this year

You didn’t suppose summer time journey could be simple, did you?

Highways and airports are more likely to be jammed the following few days as People head out for Memorial Day weekend getaways after which return house.

AAA predicts this would be the busiest start-of-summer weekend in practically 20 years, with 43.8 million folks anticipated to journey a minimum of 50 miles from house between Thursday and Monday. The Transportation Safety Administration says as much as 3 million would possibly move by means of airport checkpoints on Friday alone.

And that’s only a pattern of what’s to return. U.S. airways anticipate to hold a document variety of passengers this summer time. Their commerce group estimates that 271 million vacationers will fly between June 1 and August 31, breaking the document of 255 million set – you guessed it – final summer time.

The annual expression of wanderlust is occurring at a time when People inform pollsters they’re fearful concerning the financial system and the course of the nation.

A slowdown, and in some circumstances a retreat, from the large worth will increase of the final two years could also be serving to.

Airfares are down 6% and resort charges have dipped 0.4%, in contrast with a yr in the past, in line with authorities figures launched final week. Costs for renting a automotive or truck are down 10%. The nationwide worth of fuel is round $3.60 a gallon, about 6 cents greater than a yr in the past, in line with AAA.

Johannes Thomas, CEO of the resort and journey search firm Trivago, mentioned he thinks extra clients are feeling the pinch of costs which have plateaued however at a lot greater ranges than earlier than the pandemic. He mentioned they’re reserving farther prematurely, staying nearer to house, taking shorter journeys, and compromising on lodging — staying in three-star accommodations as a substitute of five-star ones.

Many vacationers have their very own cost-saving methods, together with combining work and pleasure on the identical journey.

“I’ve largely been in a position to adapt by touring at unusual hours. I’ll fly out late at evening, are available in early within the morning, keep longer than I meant, and work remotely,” mentioned Lauren Hartle of Boston, an investor for a clean-energy enterprise agency.

Hartle, who flew from Boston to Dallas on Wednesday for a piece convention, plans to attend a summer time household gathering in North Carolina however is in any other case contemplating journeys nearer to house — and perhaps by practice as a substitute of airplane.

Catey Schast, a nanny and piano trainer in Maine, mentioned her Boston-Dallas flight price $386 spherical journey. “It wasn’t horrible,” but it surely was greater than the $200 to $300 she paid previously to go to household in Texas, she mentioned.

Schast plans a seashore trip in Florida in July. Excessive costs might discourage her from taking different journeys, however “if I actually need to go someplace, I’m extra of a how-can-I-make-this-happen kind of particular person, so long as I’ve the time without work work.”

As in previous years, most vacation vacationers are anticipated to journey by automotive – greater than 38 million of them, in line with AAA. The group advises motorists hoping to keep away from the worst visitors to go away metropolitan areas early Thursday and Friday and to remain off the roads between 3 p.m. and seven p.m. Sunday and Monday.

“We haven’t seen any pullback in journey because the pandemic. 12 months after yr, we’ve seen these numbers proceed to develop,” AAA spokesperson Aixa Diaz mentioned. “We don’t know when it’s going to cease. There’s no signal of it but.”

There’s definitely no slowdown at airports. The variety of folks going by means of safety checkpoints is up 3.2% this yr. The TSA mentioned it screened 2.85 million folks final Friday and practically as many on Sunday — the 2 busiest days of the yr to date.

TSA predicts it would display screen greater than 18 million vacationers and airline crew members in the course of the seven-day stretch that begins Thursday, up 6.4% from final yr. Friday is anticipated to be the busiest day for air journey, with practically 3 million folks passing by means of checkpoints. The TSA document is 2.91 million, set on the Sunday after Thanksgiving final yr.

“We’re going to interrupt these data this summer time,” TSA Administrator David Pekoske mentioned.

The company, which was created after the 9/11 terror assaults, has struggled at occasions with peak masses. Pekoske informed The Related Press that pay raises for front-line screeners have helped enhance staffing by lowering attrition from greater than 20% to lower than 10%.

Airways say additionally they have staffed up since being caught brief when journey started to rebound from the COVID-19 pandemic within the spring and summer time of 2022.

Hopefully from the climate, vacationers might see fewer canceled flights than in current summers. Thus far this yr, U.S. airways have canceled 1.2% of their flights, in line with FlightAware information, in contrast with 1.4% at this level final yr and a pair of.8% in 2022 — a efficiency so poor it triggered complaints and elevated scrutiny from Transportation Secretary Pete Buttigieg.

Even earlier than the vacation weekend began, nevertheless, storms brought about widespread cancellations at Dallas-Fort Price Worldwide Airport, the largest hub for American Airways. The service dropped greater than 200 flights, or 5% of its schedule, by late afternoon.

Stranded vacationers weren’t blissful.

“Our flight bought canceled proper earlier than the check-in. And now there’s no flights right here till Friday as a result of (open seats on different flights) went actually rapidly. We’d wind up driving. Isn’t that horrible?” mentioned Rosie Gutierrez of Allen, Texas, who was making an attempt to get to Florida alongside together with her son, daughter-in-law and granddaughter.

American’s chief working officer, David Seymour, mentioned the airline has beefed up its staffing and know-how in preparation for the seasonal rush.

“It’s a protracted summer time, however we’re prepared for it. We’ve got the proper assets,” he mentioned.

American is providing its most bold summer time schedule ever — 690,000 flights between Could 17 and Sept. 3.

United Airways forecasts its largest Memorial Day weekend, with practically 10% extra passengers than final yr. Delta Air Strains expects to hold 5% extra passengers this weekend, kicking off its heaviest summer time schedule ever of worldwide flights.

In line with AAA, the highest home and worldwide locations are acquainted ones. They embrace Orlando, Las Vegas, London, Paris and Rome.

So what about nervousness over the financial system?

It’s essential to notice that individuals typically say their very own funds are higher than common. In an AP survey from February, 54% mentioned their private scenario was good — however solely 30% felt the identical concerning the nation’s financial system.

That would clarify why they will afford to splurge on journey.

___

Rebecca Santana and Rick Gentilo in Washington contributed to this report.

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Timberwolves-Mavericks Western Conference Finals Game 1 preview: tickets, TV channel, radio, injury report, start time

The Minnesota Timberwolves will look to guard house court docket towards the Dallas Mavericks in Recreation 1 of the Western Convention Finals on Wednesday.

The Wolves beat the Nuggets in Recreation 7 of the second spherical on Sunday to advance to the Western Convention Finals. Dallas beat the Oklahoma Metropolis Thunder in six video games to advance.

For the reason that Wolves had a greater common season file than the Mavs, Minnesota has the house court docket benefit on this third spherical sequence.

Here is all the pieces you have to find out about Wolves vs. Mavs in Recreation 1 of the Western Convention Finals on Wednesday, together with begin time, find out how to get tickets to the sport, watch it on TV and pay attention on the radio. 

Recreation 1 tickets, doorways & begin time

Doorways to this 7:30 PM sport will open at 6 PM. You will get tickets to Recreation 1 of the Western Convention Finals right here.

All followers at Recreation 1 will get a white Playoff tee, offered by Sprite and a Howl Towel, offered by Goal.

To study extra about in-game happenings, click on right here.

Find out how to watch and hearken to Wolves vs. Mavs Recreation 1

  • Date: Wednesday, Might 22
  • Begin Time: 7:30 PM CT 
  • TV channel: TNT | truTV, Max
  • Radio: iHeartRadio | Timberwolves app | KFAN
  • The place: Goal Middle | Minneapolis, MN

Happening at Goal Middle in downtown Minneapolis, Recreation 1 of Wolves vs. Mavs can be broadcast nationally on TNT at 7:30 PM on Wednesday, Might 22.

Play-by-play announcer Kevin Harlan, analysts Reggie Miller and Stan Van Gundy and reporter Allie LaForce can be calling the sport for TNT.

You’ll be able to hearken to Alan Horton, the radio voice of the Timberwolves, and shade analyst Jim Petersen name the sport on iHeartRadio’s Timberwolves channel, KFAN and the Timberwolves app. The Timberwolves’ radio broadcast will begin quarter-hour earlier than tip. 

On truTV and Max, there will be another viewing expertise hosted by Jordan Cornette and can characteristic Vince Carter, Bomani Jones and Chris Haynes.

Damage Report 

Word: At present’s harm report could also be up to date earlier than the beginning of the sport.

The Wolves don’t have any gamers listed on their harm report.

  • Out: Maxi Kleber, Olivier-Maxence Prosper

Maxi Kleber (Proper Shoulder; AC Separation) and Olivier-Maxence Prosper (Left Ankle Sprain) are out.

Jerseys 

The Wolves can be carrying their Basic Version uniforms towards the Mavs. The sport can be performed on an identical Basic Version court docket. Dallas can be enjoying of their darkish blue Assertion Version uniforms.

Wolves vs. Mavs sequence schedule and outcomes