Category: Business

  • MIL-OSI Banking: quantacapital.com.co: BaFin again investigates the company Quanta Capital

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The Federal Financial Supervisory Authority (BaFin) warns consumers about the company Quanta Capital and the services it is offering. BaFin has information that the company is now also offering banking business and/or financial services on a further website – quantacapital.com.co – without the required authorisation. The company is not supervised by BaFin.

    BaFin already published a warning about the services offered by Quanta Capital on 3 June 2024.

    Financial services may only be offered in Germany if the company providing these services has the necessary authorisation from BaFin to do this. However, some companies offer these services without the required authorisation. Information on whether a particular company has been granted authorisation by BaFin can be found in BaFin’s database of companies.

    Theinformation provided by BaFin is based on section 37 (4) of the German Banking Act (KreditwesengesetzKWG).

    Please be aware:

    BaFin, the German Federal Criminal Police Office (BundeskriminalamtBKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.

    MIL OSI Global Banks

  • MIL-OSI Banking: Fannie Mae Announces Winner of Twenty-Fifth Community Impact Pool of Non-Performing Loans

    Source: Fannie Mae

    WASHINGTON, DC – Fannie Mae (FNMA/OTCQB) today announced the winning bidder for its twenty-fifth Community Impact Pool (CIP) of non-performing loans. The transaction is expected to close on December 20, 2024, and includes 29 deeply delinquent loans totaling $7.2 million in unpaid principal balance (UPB). The loans are geographically focused in the New York area, and the winning bidder was RCG Strategic Acquisitions, LLC. The pool was marketed with BofA Securities, Inc. and First Financial Network, Inc. as advisors.

    The CIP awarded in this most recent transaction includes 29 loans with an aggregate UPB of $7,175,159; average loan size of $247,419; and weighted average note rate of 4.93%.

    The cover bid, which was the second highest bid, for the CIP was 90.85% of UPB (27.56% of BPO).

    All purchasers are required to honor any approved or in-process loss mitigation efforts at the time of sale, including forbearance arrangements and loan modifications. In addition, purchasers must offer delinquent borrowers a waterfall of loss mitigation options, including loan modifications, which may include principal forgiveness, prior to initiating foreclosure on any loan.

    Interested bidders can register for ongoing announcements, training, and other information here. Fannie Mae will also post information about specific pools available for purchase on that page.

    MIL OSI Global Banks

  • MIL-OSI Banking: Regional Economic Outlook for Europe: A Recovery Short of Europe’s Full Potential

    Source: International Monetary Fund

    COMING SOON

    Launch of the October 2024 Regional Economic Outlook for Europe

    The Regional Economic Outlook (REO) report provides comprehensive insights into recent economic developments and future prospects specifically for countries in the region. It analyzes the impact of economic policy changes on performance, highlighting key challenges faced by policymakers in navigating complex economic landscapes. 

    RELEASE DATE
    • THURSDAY, OCTOBER 24, 11:30 AM ET | 17:30 CET: Online report with press briefing 

    The full report and the live webcast of the press briefing will be available on this page on October 24 (11:30 AM ET |17:30 CET). 

    Publications

    MIL OSI Global Banks

  • MIL-OSI Global: How Elon Musk has become a powerful figure in US politics

    Source: The Conversation – UK – By Thomas Gift, Associate Professor and Director of the Centre on US Politics, UCL

    Elon Musk, whose company SpaceX recently made history by catching a Starship rocket booster as it careened back to Earth, wants you to vote for Donald Trump for many reasons. That includes not just what Trump will do here on this planet, but also for what he’ll achieve that’s outside this world. “Vote for @real DonaldTrump,” Musk recently tweeted, “if you want humanity to be a spacefaring civilization”.

    Back inside the Earth’s orbit, the CEO of Tesla and X, and one of the richest men in the world, makes an odd foil for Democrats. In a parallel universe, his work in commercial space flights, inventing the most advanced electric cars on the planet, advocacy for sustainable energy, and long record of voting “100 percent Dem until a few years ago” would seem make him a hero of the left. Instead, Musk has taken on the role of comic book supervillain whose full-throated support for Trump has turned him into a pariah among progressives.

    Musk purports to be baffled by the backlash, since he insists that nothing that he represents is particularly controversial. He considers himself a political “moderate” who, in backing Trump, is simply standing up for common-sense, middle-of-the-road positions: belief in free speech, deference to the US Constitution, and the right of countries to control their borders. “I’ve been told at times that they are like right-wing values,” Musk said. “These are the fundamental values that made America what it is today.”

    Of course, Musk knows better. In between burning the midnight oil at his multiple corporate enterprises, Musk finds the time to tweet dozens of times a day, often trolling critics, heralding Trump, and only rarely apologising for outlandish, crass, conspiracy-laden and sometimes even false posts. Musk has acknowledged that some of his tweets are “extremely dumb”, though he refuses to apply a filter.

    In describing Musk, one journalist fretted what could happen when “the world’s richest man runs a communications platform in a truly vengeful, dictatorial way … to promote extreme right-wing agendas and to punish what he calls brain-poisoned liberals”.

    Elon Musk owns SpaceX.

    Musk’s power lies in his willingness to say just about anything — backstopped by his ownership of part of the internet’s de facto public square. In a now-deleted tweet, Musk pondered sarcastically that “no one is trying to assassinate” Kamala Harris or Joe Biden. Outside of X, Musk admits he’s been “trashing Kamala nonstop” and that, if Harris wins, he’s “fucked”.

    Throwing money and power around

    Musk is a Maga convert. In 2022, the same year that he bought Twitter and reinstated Trump’s privileges, Musk said that it was “time for Trump to hang up his hat & sail into the sunset”. Pulling no punches, Trump once called Musk “another bullshit artist”.

    Musk claims to have supported Democrats in recent elections, including Joe Biden in 2020. In July of this year, however, Musk announced that he was endorsing Trump, in large part because of how the former president’s reacted after an assassination attempt on his life. “This is a man who has courage under fire!” Musk said.

    Musk represents a new crop of politically charged billionaires who aren’t content to stay on their mega-yachts, and instead want to throw their money — and power — around in support of conservative causes.

    Yet unlike others to whom he’s often compared — such as Bill Ackman, the CEO of hedge fund Pershing Square, and Peter Thiel, co-creator of PayPal — no one has gone “all in” for Trump like Musk.

    Earlier this month, Musk invested US$75 million (£57.8 million) of his own money to create the pro-Trump America Political Action Committee (Pac). (A Pac raises money for a political candidate.) The Pac has offered registered voters in Pennsylvania US$100 (and the chance to win US$1 million) if they sign a petition “in support of free speech and the right to bear arms”.

    While critics have called the move illegal, pointing to federal election law that bars paying “or offer[ing] to pay … for registration to vote or for voting”. Musk insists there’s a loophole: he isn’t technically tying his giveaways to voting – and the US Justice Department has said this could violate federal electoral law.

    Musk has changed his short-term residency to mobilise support for Trump. As of October, Musk has hunkered down in Pennsylvania, the swing state he calls the “linchpin” in the 2024 US election, where his campaigning has included giving a surprise speech for Trump in Butler, Pennsylvania – where there was previously an assassination attempt on Trump.

    Musk has painted doomsday scenarios of what could happen if the election doesn’t turn out how he likes. In a just-released interview with former Fox News journalist Tucker Carlson, Musk surmised that “if Trump doesn’t win this election, it’s the last election we’re going to have”. The comment comes as Republicans have pilloried Democrats’ dialled-up rhetoric that democracy is “at stake” in 2024.

    Beyond the election, there’s more than speculation that Musk could be tapped for a role in a potential Trump 2.0 administration. He’s openly campaigned to serve as the new head of a department for government efficiency. Trump has already announced that, if elected, Musk will direct a task force to conduct a “complete financial and performance audit of the entire federal government” and offer “recommendations for drastic reforms”.

    True to form, Musk promises that his public service won’t stop at the edge of Earth’s outer orbit. “Washington DC has become an ever-increasing ocean of brake pedals stopping progress,” he says. “Let’s change those brake pedals to accelerators, so we can get great things done in America and become a spacefaring civilization!” One thing’s for sure: Musk’s politics are, quite literally, out of this world.

    Thomas Gift does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. How Elon Musk has become a powerful figure in US politics – https://theconversation.com/how-elon-musk-has-become-a-powerful-figure-in-us-politics-242034

    MIL OSI – Global Reports

  • MIL-OSI Video: How to Spot the Scam: 3 red flags to stay safe (Simple guide)

    Source: European Commission (video statements)

    You will never fall for this! Suspicious emails lurking in your inbox will never get you ! It’s #CyberSecMonth, and we’re here to talk about a pressing issue: phishing emails. These shady messages are just crafted to trick you into spilling your personal information! Be on red alert: some of these emails might come with unwanted malware that’s just waiting for you to click that enticing link! So, how do you spot the scam?

    Look for these red flags:
    Suspicious email addresses
    Requests for personal info
    Spelling and grammar
    “Urgent” language Stay vigilant, stay secure, and remember: If it sounds too good to be true, it probably is

    For more tips follow ENISA and Europol. #ThinkBeforeYouClick #BeSmarterThanAHackerWatch

    Follow us on:
    -X: https://twitter.com/EU_Commission
    -Instagram: https://www.instagram.com/europeancommission/
    -Facebook: https://www.facebook.com/EuropeanCommission
    -LinkedIn: https://www.linkedin.com/company/european-commission/
    -Medium: https://medium.com/@EuropeanCommission

    Check our website: http://ec.europa.eu/

    https://www.youtube.com/watch?v=ZB8iLS929vA

    MIL OSI Video

  • MIL-OSI Africa: Secretary-General’s video message to the Virtual Launch of the UNEP Emissions Gap Report

    Source: United Nations – English

    ownload the video: https://s3.amazonaws.com/downloads2.unmultimedia.org/public/video/evergr…

    The message of today’s Emissions Gap report is clear:

    We are teetering on a planetary tight rope.

    Either leaders bridge the emissions gap, or we plunge headlong into climate disaster – with the poorest and most vulnerable suffering the most.

    This report shows annual greenhouse gas emissions at an all-time high – rising 1.3 per cent last year.  They must fall 9 per cent each year to 2030 to limit global temperature rise to 1.5 degrees Celsius and avoid the very worst of climate change.

    Current policies are taking us towards a catastrophic 3.1 degrees Celsius temperature rise by the end of the century.

    As this report rightly puts it, people and planet cannot afford more hot air.

    The emissions gap is not an abstract notion.  There is a direct link between increasing emissions and increasingly frequent and intense climate disasters. 

    Around the world, people are paying a terrible price.

    Record emissions mean record sea temperatures supercharging monster hurricanes;

    Record heat is turning forests into tinder boxes and cities into saunas;
     
    Record rains are resulting in biblical floods.

    Today’s report shows affordable, existing technologies can achieve the emissions reductions we need to 2030 and 2035 to meet the 1.5 degree limit.

    But only with a surge in ambition and support.

    The upcoming United Nations climate conference – COP29 – must drive progress in two ways. 

    First, COP29 starts the clock for countries to deliver new national climate action plans – or NDCs – by next year. 

    Governments have agreed to align these plans with 1.5 degrees.

    That means they must drive down all greenhouse gas emissions and cover the whole economy – pushing progress in every sector.

    And they must wean us off our fossil fuel addiction: showing how governments will phase them out – fast and fairly; and contributing to global goals to accelerate renewables rollout and halt and reverse deforestation.

    The largest economies – the G20 members, responsible for around 80 per cent of all emissions – must lead. I urge first-movers to come forward.

    Second, finance will be front and centre at COP29. 

    Developing countries urgently need serious support to accelerate the transition to clean energy and deal with the violent weather they are already facing. 

    COP29 must agree a new finance goal that unlocks the trillions of dollars they need. And provides confidence it will be delivered.

    We know the price of climate inaction is far greater.

    This would require a significant increase in concessional public finance, that can be complemented by innovative sources, such as fossil fuel extraction levies.

    The COP29 outcome must also send clear signals, to drive action on debt relief and reform of the Multilateral Development Banks to make them bigger and bolder.

    Today’s Emissions Gap report is clear: we’re playing with fire; but there can be no more playing for time.

    We’re out of time.

    Closing the emissions gap means closing the ambition gap, the implementation gap, and the finance gap.

    Starting at COP29.

    Thank you.
     

    MIL OSI Africa

  • MIL-OSI USA: Cassidy Releases Critical Report Outlining National Flood Insurance Program Crisis, Urges Congress to Act

    US Senate News:

    Source: United States Senator for Louisiana Bill Cassidy

    WASHINGTON – U.S. Senator Bill Cassidy, M.D. (R-LA) today released a new report detailing the current state of the National Flood Insurance Program (NFIP) and the issues that led to skyrocketing premiums for millions of homeowners. The report explains the historical developments that led NFIP to this moment, key findings following a thorough examination of the crisis, and next steps Washington must take.
    “This report confirms what Louisiana homeowners already know—the National Flood Insurance Program is broken,” said Dr. Cassidy. “We must understand the problem to properly diagnose it and address it. This report clearly lays out why flood insurance premiums are out of control, but also why there is reason to hope.”
    For over 50 years, Americans have relied on the NFIP for affordable flood insurance to protect them in case of a natural disaster or major flood. NFIP is often the only flood insurance option for many communities. However, skyrocketing insurance premiums caused by FEMA’s new risk assessment program, Risk Rating 2.0, have left many Louisianans with no way to protect their families and homes. Cassidy’s report found that Risk Rating 2.0 makes flood insurance unaffordable, puts the entire program at financial risk, and runs contrary to Congressional intent. 
    Click here to read the full report and here to read the one-pager.
    Background
    In January, the U.S. Senate Banking Committee held a hearing on NFIP at the request of Cassidy. The hearing highlighted the urgent need for Congress to act and featured a Louisiana witness. Cassidy also participated in a roundtable hosted by GNO, Inc. and the Coalition for Sustainable Flood Insurance before introducing the bill to hear from community leaders and advocates on the issue.
    Cassidy traveled St. Bernard Parish last year to talk with residents about their flood insurance premiums, resulting in the second episode of his series Bill on the Hill.
    Over the last several months, Cassidy has delivered a series of speeches on the Senate floor calling for action on NFIP. Most recently, he demanded that Congress reauthorize and reform the program just before its authorization expired at the end of the fiscal year on September 30th.

    MIL OSI USA News

  • MIL-OSI United Kingdom: Further free electric blanket testing and energy advice days to be held in city

    Source: City of Wolverhampton

    The advice days, organised by City of Wolverhampton Council’s Trading Standards team, will take place on:

    • Tuesday, 5 November at Civic Centre, St Peter’s Square, WV1 1SH.
    • Wednesday, 6 November at Bob Jones Community Hub, Bromley Street, WV2 3AS.

    Both days will run between 9.30am and 4pm.

    Residents with an electric blanket will be able to bring it along to be tested by experts from Gems Electrical Testing. It is important that all leads, controls and plugs associated with the electric blankets are brought along for testing.

    If the blanket fails and the owner is a Wolverhampton resident, a replacement will be offered for free. Funding for the blankets has been provided by UK charity Electrical Safety First.

    General support and advice about energy bills will also be available from charity Act on Energy. Advisors can give general advice and arrange to speak to residents individually about ways to save on bills, how to switch providers and how to access energy debt support.

    Other help on offer during the 2 days will include information about ways people can protect themselves from scams, rogue traders and bogus callers which can increase over the colder weather and during the run up to Christmas.

    The 2 days next month follow similar sessions held at Ashmore Park Community Centre and Bilston Indoor Market where 24 electric blankets were tested and 21 new blankets provided free of charge to replace those that had failed.

    John Roseblade, director of resident services at City of Wolverhampton Council, said: “As the weather is turning colder, we welcome residents to these events where they can get their electric blankets tested and speak to others for energy advice.

    “The condition of electric blankets can deteriorate over time and become faulty. This can risk injury and fire, so we would encourage people to come along and get their blankets checked for peace of mind.”

    People do not have to book an appointment for the electric blanket testing but are asked to please be prepared to wait if the event is busy. 

    MIL OSI United Kingdom

  • MIL-OSI USA: Federal Reserve Board issues enforcement action with U & I Financial Corp. and UniBank

    Source: US State of New York Federal Reserve

    .

    October 24, 2024
    Federal Reserve Board issues enforcement action with U & I Financial Corp. and UniBank
    For release at 11:00 a.m. EDT

    The Federal Reserve Board on Thursday announced the execution of the enforcement action listed below:
    U & I Financial Corp., Lynnwood, Washington and UniBank, Lynnwood, WashingtonWritten Agreement dated October 21, 2024
    Additional enforcement actions can be searched for here.
    For media inquiries, please email [email protected] or call 202-452-2955.

    Last Update: October 24, 2024

    MIL OSI USA News

  • MIL-OSI Economics: Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 – Indian Mercantile Co-operative Bank Limited (IMCBL), Lucknow – Extension of period

    Source: Reserve Bank of India

    The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, to Indian Mercantile Co-operative Bank Limited (IMCBL), Lucknow vide Directive DOS.CO.OCCD.185569/12.28.007/2021-22 dated January 28, 2022 for a period of six months upto July 27, 2022, as modified from time to time, which were last extended upto October 27, 2024 vide Directive DOR.MON/D-36/12.28.007/2024-25 dated July 19, 2024. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond October 27, 2024.

    2. Accordingly, the Reserve Bank of India, in the exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, hereby extends the Directive for a further period of three months from close of business of October 27, 2024 to close of business of January 27, 2025, subject to review.

    3. Other terms and conditions of the Directives under reference shall remain unchanged.

    (Puneet Pancholy)  
    Chief General Manager

    Press Release: 2024-2025/1365

    MIL OSI Economics

  • MIL-OSI USA: FACT SHEET: Vice President Harris Announces Record Lending to Small Businesses in 2024 and New Actions to Cut Red Tape and Expand Contracting Opportunities

    US Senate News:

    Source: The White House
    SBA backed over 100,000 small business financings this year—the most in over 15 years
    Today, Vice President Harris announced that the Small Business Administration (SBA) provided a record $56 billion through more than 100,000 small business financings in Fiscal Year (FY) 2024—the most in more than 15 years. The Vice President also announced new actions by the Biden-Harris Administration to cut red tape and expand access to Federal contracting opportunities.
    “Small businesses are the backbone of our economy. And we know that small business owners need access to capital to hire more employees, grow their businesses, and advance innovation,” said Vice President Harris. “Today I am proud to announce that the U.S. Small Business Administration has made record lending to over 100,000 small businesses in the last year, the most by the agency in over 15 years. When small businesses thrive, our local economies thrive.”
    The Biden-Harris Administration has powered a small business boom across the country. Since President Biden and Vice President Harris took office, American entrepreneurs have filed nearly 20 million applications to start new businesses. Business ownership has doubled among Black families and hit a 30-year high for Hispanic families.
    While the Biden-Harris Administration doubles down on supporting this small business boom, Congressional Republicans have repeatedly tried to cut SBA’s funding by nearly a third and want to raise taxes and costs for small businesses by repealing Inflation Reduction Act investments.
    Building on these efforts to support small businesses, Vice President Harris is announcing:
    New Records for Lending to Small Businesses
    The SBA released its 2024 Capital Impact Report, showing that the agency increased its lending to small businesses to a record high $56 billion in FY 2024—a 50% increase over FY 2020. Further, SBA provided over 100,000 small business financings last year—the most in over 15 years. Since FY 2020, SBA has increased lending to underserved businesses including a:
    3x increase in loans to Black-owned businesses
    2.5x increase in loans to Latino-owned businesses
    2x increase in loans to women-owned businesses
    2x increase in small dollar loans (loans of less than $150,000)
    Increasing Access to Federal Contracting Opportunities
    The SBA is proposing new regulations to increase small business participation on multiple award contracts, a popular buying tool used for over 20 percent of all contracting by the Federal Government. The proposed rule will require agencies to set aside orders made under these contracts when two or more small business contract holders are expected to submit competitive offers. Multiple award contracts allow agencies to meet mission needs in a timely, cost-effective manner by awarding task and delivery orders to contract holders using streamlined competitions.
    The SBA proposed rule will require agencies to take steps that make it easier for small businesses to become contract holders on multiple-award contracts where they will then be eligible to compete for task and delivery orders through streamlined competitions. SBA projects that the new rule, if finalized as proposed, will result in up to $6 billion in additional awards to small businesses each year. This new proposed rule will further implement OMB’s January 2024 memo on “Increasing Small Business Participation on Multiple-Award Contracts.” The members of the Federal Acquisition Regulatory Council will also be proposing regulatory changes in the near future to implement OMB’s guidance and align with SBA’s rulemaking.
    Direct Support to Meet Businesses’ Individual Needs
    This summer marked the first year of the Capital Readiness Program (CRP), funded by the Minority Business Development Agency (MBDA)’s State Small Business Credit Initiative (SSBCI) and announced by Vice President Harris in August 2023. The CRP is a $125 million investment to help minority and underserved entrepreneurs grow and scale their businesses, the largest-ever direct Federal investment in small business incubators and accelerators of its kind. Today’s data shows the incredible impacts the 43 program awardees have already made in their communities in the first year of the program. Through September 30, 2024, following their efforts to quickly stand-up programs, the 43 awardees have already:
    Enrolled over 6,300 small businesses
    Hosted nearly 2,500 networking events
    Supported the formation of over 2,600 new businesses
    Raised over $260 million in capital for small businesses
    Cutting Red Tape for Small Businesses Seeking Federal Contracts
    The SBA just launched MySBA Certifications to simplify and streamline certifications for small business Federal contractors. The Biden-Harris Administration committed to using every tool at its disposal to reduce administrative burden for small businesses seeking to compete for Federal contracts. Building on this goal, MySBA Certifications is a one-stop-shop that allows small business owners to apply for multiple certifications with a single application, rather than submitting separate applications for the HUBZone, 8(a), Women Owned, and Veteran Owned Small Business Certification programs. SBA also simplified and modernized its application—using plain language, eliminating redundant questions, and reducing documentation requirements—reducing the time to apply by 40% for a single certification and over 70% for multiple certifications. SBA’s new operational efficiencies will reduce processing times across the programs—meaning firms will receive their decisions more quickly and can begin competing for sole-source and set-aside contracts. In FY 2024, SBA certified more than 17,000 small businesses—a single year record and a nearly 40 percent increase over FY 2023. The agency expects to build on this success with MySBA Certifications and significantly grow the base of certified small business government contractors—helping the Federal Government meet the President’s 15 percent small disadvantaged business goal in FY 2025.
    Leveraging Public and Private Capital Through the State Small Business Credit Initiative
    The Department of the Treasury plans to release the 2022-2023 SSBCI Annual Report next week, providing additional background on data first previewed in July 2024. SSBCI is a nearly $10 billion program that is providing investment and support to small businesses across the country. Through 2023, SSBCI had already enabled access to $3.1 billion in public and private financing for thousands of small businesses. The report will show that 75% of transactions supported underserved businesses and 78% supported very small business with fewer than 10 employees through the end of 2023.
    In 2024, local jurisdictions have continued to leverage partnerships to catalyze SSBCI dollars. Efforts include:
    The Access Small Business program by Calvert Impact: This program leverages funds from SSBCI to bring access to capital and technical assistance to underserved small businesses in New York, New Jersey, Nevada, and Washington State, as well as access to capital markets for community lenders. Partners include the Community Reinvestment Fund, Grow America, and the Urban Investment Group at Goldman Sachs Alternatives.
    The Initiative for Inclusive Entrepreneurship (IIE): IIE is a public-private collaboration to ensure the equitable implementation of SSBCI. IIE’s initial 18-month pilot was incubated by Hyphen, a leading national public-private partnership accelerator. The initiative’s implementation partners include Aspen Institute’s Business Ownership Initiative, Founders First Capital Partners, JumpStart, Mission Driven Finance, Next Street, Nowak Metro Finance Lab, and Scale Link. Across IIE programs, the Initiative deployed over $10 million in direct funding and secured over $177 million in loans, loan matches, grants, and private capital. Additionally, Mission Driven Finance announced the Indigenous Futures Fund, combining a target of $25 million in credit and $2 million in grants to support Tribal SSBCI recipients. Starting in July 2024, the Milken Institute began serving as IIE’s new home.
    Tribal Consortia: In August 2024, SSBCI announced a consortium of 125 Alaska Tribes, the nation’s largest Tribal SSBCI consortium and part of the most expansive investment in small business financing for Tribal governments in history. In total, four Tribal consortium representing 170 Tribes have been awarded $124 million in SSBCI Capital Program funds to support investments in Tribal enterprises and small businesses. Partnerships among Tribal Nations are important to expanding the reach of SSBCI.
    Supportive Business Services: In September and October 2024, Treasury announced 14 awards to 12 states and two Tribal governments through the $75 million Investing in America Small Business Opportunity Program (SBOP). SBOP grantees will provide legal, accounting, and financial advisory services to small businesses in a wide range of industries and will engage at least 34 partners for program deployment.
    Developing New Tools to Help Small Businesses Access Capital, Customers, and Technical Assistance
    The Interagency Community Investment Committee (ICIC) developed fifteen state-specific small business resource guides, covering over 55 programs offered by nine federal agencies. The guides are intended to help small businesses identify federally-supported sources of capital and technical assistance available in their communities, and help direct businesses to federal contracting and tax resources. ICIC leadership has been conducting a series of virtual events in October with small business owners to talk about the Biden-Harris Administration’s small business programs and these new resource guides.

    MIL OSI USA News

  • MIL-OSI USA: Memorandum on Advancing the United  States’ Leadership in Artificial Intelligence; Harnessing Artificial Intelligence to Fulfill National Security Objectives; and Fostering the Safety, Security, and Trustworthiness of Artificial  Intelligence

    US Senate News:

    Source: The White House
    MEMORANDUM FOR THE VICE PRESIDENT
                   THE SECRETARY OF STATE
                   THE SECRETARY OF THE TREASURY
                   THE SECRETARY OF DEFENSE
                   THE ATTORNEY GENERAL
                   THE SECRETARY OF COMMERCE
                   THE SECRETARY OF ENERGY
                   THE SECRETARY OF HEALTH AND HUMAN SERVICES
                   THE SECRETARY OF HOMELAND SECURITY
                   THE DIRECTOR OF THE OFFICE OF MANAGEMENT AND BUDGET
                   THE DIRECTOR OF NATIONAL INTELLIGENCE
                   THE REPRESENTATIVE OF THE UNITED STATES OF AMERICA TO THE UNITED NATIONS
                   THE DIRECTOR OF THE CENTRAL INTELLIGENCE AGENCY
                   THE ASSISTANT TO THE PRESIDENT AND CHIEF OF STAFF
                   THE ASSISTANT TO THE PRESIDENT FOR NATIONAL SECURITY AFFAIRS
                   THE ASSISTANT TO THE PRESIDENT FOR ECONOMIC
                      POLICY AND DIRECTOR OF THE NATIONAL ECONOMIC COUNCIL
                   THE CHAIR OF THE COUNCIL OF ECONOMIC ADVISERS
                   THE DIRECTOR OF THE OFFICE OF SCIENCE AND TECHNOLOGY POLICY
                   THE ADMINISTRATOR OF THE UNITED STATES AGENCY FOR INTERNATIONAL DEVELOPMENT
                   THE DIRECTOR OF THE NATIONAL SCIENCE FOUNDATION
                   THE DIRECTOR OF THE FEDERAL BUREAU OF INVESTIGATION
                   THE NATIONAL CYBER DIRECTOR
                   THE DIRECTOR OF THE OFFICE OF PANDEMIC PREPAREDNESS AND RESPONSE POLICY
                   THE DIRECTOR OF THE NATIONAL SECURITY AGENCY
                   THE DIRECTOR OF THE NATIONAL GEOSPATIAL-INTELLIGENCE AGENCY
                   THE DIRECTOR OF THE DEFENSE INTELLIGENCE AGENCY
    SUBJECT:       Advancing the United States’ Leadership in
                   Artificial Intelligence; Harnessing Artificial
                   Intelligence to Fulfill National Security
                   Objectives; and Fostering the Safety, Security,
                   and Trustworthiness of Artificial Intelligence
         Section 1.  Policy.  (a)  This memorandum fulfills the directive set forth in subsection 4.8 of Executive Order 14110 of October 30, 2023 (Safe, Secure, and Trustworthy Development and Use of Artificial Intelligence).  This memorandum provides further direction on appropriately harnessing artificial intelligence (AI) models and AI-enabled technologies in the United States Government, especially in the context of national security systems (NSS), while protecting human rights, civil rights, civil liberties, privacy, and safety in AI-enabled national security activities.  A classified annex to this memorandum addresses additional sensitive national security issues, including countering adversary use of AI that poses risks to United States national security.
         (b)  United States national security institutions have historically triumphed during eras of technological transition.  To meet changing times, they developed new capabilities, from submarines and aircraft to space systems and cyber tools.  To gain a decisive edge and protect national security, they pioneered technologies such as radar, the Global Positioning System, and nuclear propulsion, and unleashed these hard-won breakthroughs on the battlefield.  With each paradigm shift, they also developed new systems for tracking and countering adversaries’ attempts to wield cutting-edge technology for their own advantage.
         (c)  AI has emerged as an era-defining technology and has demonstrated significant and growing relevance to national security.  The United States must lead the world in the responsible application of AI to appropriate national security functions.  AI, if used appropriately and for its intended purpose, can offer great benefits.  If misused, AI could threaten United States national security, bolster authoritarianism worldwide, undermine democratic institutions and processes, facilitate human rights abuses, and weaken the rules-based international order.  Harmful outcomes could occur even without malicious intent if AI systems and processes lack sufficient protections.
         (d)  Recent innovations have spurred not only an increase in AI use throughout society, but also a paradigm shift within the AI field — one that has occurred mostly outside of Government.  This era of AI development and deployment rests atop unprecedented aggregations of specialized computational power, as well as deep scientific and engineering expertise, much of which is concentrated in the private sector.  This trend is most evident with the rise of large language models, but it extends to a broader class of increasingly general-purpose and computationally intensive systems.  The United States Government must urgently consider how this current AI paradigm specifically could transform the national security mission.
         (e)  Predicting technological change with certainty is impossible, but the foundational drivers that have underpinned recent AI progress show little sign of abating.  These factors include compounding algorithmic improvements, increasingly efficient computational hardware, a growing willingness in industry to invest substantially in research and development, and the expansion of training data sets.  AI under the current paradigm may continue to become more powerful and general-purpose.  Developing and effectively using these systems requires an evolving array of resources, infrastructure, competencies, and workflows that in many cases differ from what was required to harness prior technologies, including previous paradigms of AI.
         (f)  If the United States Government does not act with responsible speed and in partnership with industry, civil society, and academia to make use of AI capabilities in service of the national security mission — and to ensure the safety, security, and trustworthiness of American AI innovation writ large — it risks losing ground to strategic competitors.  Ceding the United States’ technological edge would not only greatly harm American national security, but it would also undermine United States foreign policy objectives and erode safety, human rights, and democratic norms worldwide.
         (g)  Establishing national security leadership in AI will require making deliberate and meaningful changes to aspects of the United States Government’s strategies, capabilities, infrastructure, governance, and organization.  AI is likely to affect almost all domains with national security significance, and its use cannot be relegated to a single institutional silo.  The increasing generality of AI means that many functions that to date have been served by individual bespoke tools may, going forward, be better fulfilled by systems that, at least in part, rely on a shared, multi-purpose AI capability.  Such integration will only succeed if paired with appropriately redesigned United States Government organizational and informational infrastructure.
         (h)  In this effort, the United States Government must also protect human rights, civil rights, civil liberties, privacy, and safety, and lay the groundwork for a stable and responsible international AI governance landscape.  Throughout its history, the United States has been a global leader in shaping the design, development, and use of new technologies not only to advance national security, but also to protect and promote democratic values.  The United States Government must develop safeguards for its use of AI tools, and take an active role in steering global AI norms and institutions.  The AI frontier is moving quickly, and the United States Government must stay attuned to ongoing technical developments without losing focus on its guiding principles.
         (i)  This memorandum aims to catalyze needed change in how the United States Government approaches AI national security policy.  In line with Executive Order 14110, it directs actions to strengthen and protect the United States AI ecosystem; improve the safety, security, and trustworthiness of AI systems developed and used in the United States; enhance the United States Government’s appropriate, responsible, and effective adoption of AI in service of the national security mission; and minimize the misuse of AI worldwide.
    Sec. 2.  Objectives.  It is the policy of the United States Government that the following three objectives will guide its activities with respect to AI and national security.
         (a)  First, the United States must lead the world’s development of safe, secure, and trustworthy AI.  To that end, the United States Government must — in partnership with industry, civil society, and academia — promote and secure the foundational capabilities across the United States that power AI development.  The United States Government cannot take the unmatched vibrancy and innovativeness of the United States AI ecosystem for granted; it must proactively strengthen it, ensuring that the United States remains the most attractive destination for global talent and home to the world’s most sophisticated computational facilities.  The United States Government must also provide appropriate safety and security guidance to AI developers and users, and rigorously assess and help mitigate the risks that AI systems could pose.
         (b)  Second, the United States Government must harness powerful AI, with appropriate safeguards, to achieve national security objectives.  Emerging AI capabilities, including increasingly general-purpose models, offer profound opportunities for enhancing national security, but employing these systems effectively will require significant technical, organizational, and policy changes.  The United States must understand AI’s limitations as it harnesses the technology’s benefits, and any use of AI must respect democratic values with regard to transparency, human rights, civil rights, civil liberties, privacy, and safety.
         (c)  Third, the United States Government must continue cultivating a stable and responsible framework to advance international AI governance that fosters safe, secure, and trustworthy AI development and use; manages AI risks; realizes democratic values; respects human rights, civil rights, civil liberties, and privacy; and promotes worldwide benefits from AI.  It must do so in collaboration with a wide range of allies and partners.  Success for the United States in the age of AI will be measured not only by the preeminence of United States technology and innovation, but also by the United States’ leadership in developing effective global norms and engaging in institutions rooted in international law, human rights, civil rights, and democratic values.
    Sec. 3.  Promoting and Securing the United States’ Foundational AI Capabilities.  (a)  To preserve and expand United States advantages in AI, it is the policy of the United States Government to promote progress, innovation, and competition in domestic AI development; protect the United States AI ecosystem against foreign intelligence threats; and manage risks to AI safety, security, and trustworthiness.  Leadership in responsible AI development benefits United States national security by enabling applications directly relevant to the national security mission, unlocking economic growth, and avoiding strategic surprise.  United States technological leadership also confers global benefits by enabling like-minded entities to collectively mitigate the risks of AI misuse and accidents, prevent the unchecked spread of digital authoritarianism, and prioritize vital research.
         3.1.  Promoting Progress, Innovation, and Competition in United States AI Development.  (a)  The United States’ competitive edge in AI development will be at risk absent concerted United States Government efforts to promote and secure domestic AI progress, innovation, and competition.  Although the United States has benefited from a head start in AI, competitors are working hard to catch up, have identified AI as a top strategic priority, and may soon devote resources to research and development that United States AI developers cannot match without appropriately supportive Government policies and action.  It is therefore the policy of the United States Government to enhance innovation and competition by bolstering key drivers of AI progress, such as technical talent and computational power.
         (b)  It is the policy of the United States Government that advancing the lawful ability of noncitizens highly skilled in AI and related fields to enter and work in the United States constitutes a national security priority.  Today, the unparalleled United States AI industry rests in substantial part on the insights of brilliant scientists, engineers, and entrepreneurs who moved to the United States in pursuit of academic, social, and economic opportunity.  Preserving and expanding United States talent advantages requires developing talent at home and continuing to attract and retain top international minds.
         (c)  Consistent with these goals:
    (i)    On an ongoing basis, the Department of State, the Department of Defense (DOD), and the Department of Homeland Security (DHS) shall each use all available legal authorities to assist in attracting and rapidly bringing to the United States individuals with relevant technical expertise who would improve United States competitiveness in AI and related fields, such as semiconductor design and production.  These activities shall include all appropriate vetting of these individuals and shall be consistent with all appropriate risk mitigation measures.  This tasking is consistent with and additive to the taskings on attracting AI talent in section 5 of Executive Order 14110.
    (ii)   Within 180 days of the date of this memorandum, the Chair of the Council of Economic Advisers shall prepare an analysis of the AI talent market in the United States and overseas, to the extent that reliable data is available.
    (iii)  Within 180 days of the date of this memorandum, the Assistant to the President for Economic Policy and Director of the National Economic Council shall coordinate an economic assessment of the relative competitive advantage of the United States private sector AI ecosystem, the key sources of the United States private sector’s competitive advantage, and possible risks to that position, and shall recommend policies to mitigate them.  The assessment could include areas including (1) the design, manufacture, and packaging of chips critical in AI-related activities; (2) the availability of capital; (3) the availability of workers highly skilled in AI-related fields; (4) computational resources and the associated electricity requirements; and (5) technological platforms or institutions with the requisite scale of capital and data resources for frontier AI model development, as well as possible other factors.
    (iv)   Within 90 days of the date of this memorandum, the Assistant to the President for National Security Affairs (APNSA) shall convene appropriate executive departments and agencies (agencies) to explore actions for prioritizing and streamlining administrative processing operations for all visa applicants working with sensitive technologies.  Doing so shall assist with streamlined processing of highly skilled applicants in AI and other critical and emerging technologies.  This effort shall explore options for ensuring the adequate resourcing of such operations and narrowing the criteria that trigger secure advisory opinion requests for such applicants, as consistent with national security objectives.
         (d)  The current paradigm of AI development depends heavily on computational resources.  To retain its lead in AI, the United States must continue developing the world’s most sophisticated AI semiconductors and constructing its most advanced AI-dedicated computational infrastructure.
         (e)  Consistent with these goals:
    (i)    DOD, the Department of Energy (DOE) (including national laboratories), and the Intelligence Community (IC) shall, when planning for and constructing or renovating computational facilities, consider the applicability of large-scale AI to their mission.  Where appropriate, agencies shall design and build facilities capable of harnessing frontier AI for relevant scientific research domains and intelligence analysis.  Those investments shall be consistent with the Federal Mission Resilience Strategy adopted in Executive Order 13961 of December 7, 2020 (Governance and Integration of Federal Mission Resilience).
    (ii)   On an ongoing basis, the National Science Foundation (NSF) shall, consistent with its authorities, use the National AI Research Resource (NAIRR) pilot project and any future NAIRR efforts to distribute computational resources, data, and other critical assets for AI development to a diverse array of actors that otherwise would lack access to such capabilities — such as universities, nonprofits, and independent researchers (including trusted international collaborators) — to ensure that AI research in the United States remains competitive and innovative.  This tasking is consistent with the NAIRR pilot assigned in section 5 of Executive Order 14110.
    (iii)  Within 180 days of the date of this memorandum, DOE shall launch a pilot project to evaluate the performance and efficiency of federated AI and data sources for frontier AI-scale training, fine-tuning, and inference.
    (iv)   The Office of the White House Chief of Staff, in coordination with DOE and other relevant agencies, shall coordinate efforts to streamline permitting, approvals, and incentives for the construction of AI-enabling infrastructure, as well as surrounding assets supporting the resilient operation of this infrastructure, such as clean energy generation, power transmission lines, and high-capacity fiber data links.  These efforts shall include coordination, collaboration, consultation, and partnership with State, local, Tribal, and territorial governments, as appropriate, and shall be consistent with the United States’ goals for managing climate risks.
    (v)    The Department of State, DOD, DOE, the IC, and the Department of Commerce (Commerce) shall, as appropriate and consistent with applicable law, use existing authorities to make public investments and encourage private investments in strategic domestic and foreign AI technologies and adjacent fields.  These agencies shall assess the need for new authorities for the purposes of facilitating public and private investment in AI and adjacent capabilities.
         3.2.  Protecting United States AI from Foreign Intelligence Threats.  (a)  In addition to pursuing industrial strategies that support their respective AI industries, foreign states almost certainly aim to obtain and repurpose the fruits of AI innovation in the United States to serve their national security goals.  Historically, such competitors have employed techniques including research collaborations, investment schemes, insider threats, and advanced cyber espionage to collect and exploit United States scientific insights.  It is the policy of the United States Government to protect United States industry, civil society, and academic AI intellectual property and related infrastructure from foreign intelligence threats to maintain a lead in foundational capabilities and, as necessary, to provide appropriate Government assistance to relevant non-government entities.
         (b)  Consistent with these goals:
    (i)   Within 90 days of the date of this memorandum, the National Security Council (NSC) staff and the Office of the Director of National Intelligence (ODNI) shall review the President’s Intelligence Priorities and the National Intelligence Priorities Framework consistent with National Security Memorandum 12 of July 12, 2022 (The President’s Intelligence Priorities), and make recommendations to ensure that such priorities improve identification and assessment of foreign intelligence threats to the United States AI ecosystem and closely related enabling sectors, such as those involved in semiconductor design and production.
    (ii)  Within 180 days of the date of this memorandum, and on an ongoing basis thereafter, ODNI, in coordination with DOD, the Department of Justice (DOJ), Commerce, DOE, DHS, and other IC elements as appropriate, shall identify critical nodes in the AI supply chain, and develop a list of the most plausible avenues through which these nodes could be disrupted or compromised by foreign actors.  On an ongoing basis, these agencies shall take all steps, as appropriate and consistent with applicable law, to reduce such risks.
         (c)  Foreign actors may also seek to obtain United States intellectual property through gray-zone methods, such as technology transfer and data localization requirements.  AI-related intellectual property often includes critical technical artifacts (CTAs) that would substantially lower the costs of recreating, attaining, or using powerful AI capabilities.  The United States Government must guard against these risks.
         (d)  Consistent with these goals:
    (i)  In furtherance of Executive Order 14083 of September 15, 2022 (Ensuring Robust Consideration of Evolving National Security Risks by the Committee on Foreign Investment in the United States), the Committee on Foreign Investment in the United States shall, as appropriate, consider whether a covered transaction involves foreign actor access to proprietary information on AI training techniques, algorithmic improvements, hardware advances, CTAs, or other proprietary insights that shed light on how to create and effectively use powerful AI systems.
         3.3.  Managing Risks to AI Safety, Security, and Trustworthiness.  (a)  Current and near-future AI systems could pose significant safety, security, and trustworthiness risks, including those stemming from deliberate misuse and accidents.  Across many technological domains, the United States has historically led the world not only in advancing capabilities, but also in developing the tests, standards, and norms that underpin reliable and beneficial global adoption.  The United States approach to AI should be no different, and proactively constructing testing infrastructure to assess and mitigate AI risks will be essential to realizing AI’s positive potential and to preserving United States AI leadership.
         (b)  It is the policy of the United States Government to pursue new technical and policy tools that address the potential challenges posed by AI.  These tools include processes for reliably testing AI models’ applicability to harmful tasks and deeper partnerships with institutions in industry, academia, and civil society capable of advancing research related to AI safety, security, and trustworthiness.
         (c)  Commerce, acting through the AI Safety Institute (AISI) within the National Institute of Standards and Technology (NIST), shall serve as the primary United States Government point of contact with private sector AI developers to facilitate voluntary pre- and post-public deployment testing for safety, security, and trustworthiness of frontier AI models.  In coordination with relevant agencies as appropriate, Commerce shall establish an enduring capability to lead voluntary unclassified pre-deployment safety testing of frontier AI models on behalf of the United States Government, including assessments of risks relating to cybersecurity, biosecurity, chemical weapons, system autonomy, and other risks as appropriate (not including nuclear risk, the assessment of which shall be led by DOE).  Voluntary unclassified safety testing shall also, as appropriate, address risks to human rights, civil rights, and civil liberties, such as those related to privacy, discrimination and bias, freedom of expression, and the safety of individuals and groups.  Other agencies, as identified in subsection 3.3(f) of this section, shall establish enduring capabilities to perform complementary voluntary classified testing in appropriate areas of expertise.  The directives set forth in this subsection are consistent with broader taskings on AI safety in section 4 of Executive Order 14110, and provide additional clarity on agencies’ respective roles and responsibilities.
         (d)  Nothing in this subsection shall inhibit agencies from performing their own evaluations of AI systems, including tests performed before those systems are released to the public, for the purposes of evaluating suitability for that agency’s acquisition and procurement.  AISI’s responsibilities do not extend to the evaluation of AI systems for the potential use by the United States Government for national security purposes; those responsibilities lie with agencies considering such use, as outlined in subsection 4.2(e) of this memorandum and the associated framework described in that subsection.
         (e)  Consistent with these goals, Commerce, acting through AISI within NIST, shall take the following actions to aid in the evaluation of current and near-future AI systems:
    (i)    Within 180 days of the date of this memorandum and subject to private sector cooperation, AISI shall pursue voluntary preliminary testing of at least two frontier AI models prior to their public deployment or release to evaluate capabilities that might pose a threat to national security.  This testing shall assess models’ capabilities to aid offensive cyber operations, accelerate development of biological and/or chemical weapons, autonomously carry out malicious behavior, automate development and deployment of other models with such capabilities, and give rise to other risks identified by AISI.  AISI shall share feedback with the APNSA, interagency counterparts as appropriate, and the respective model developers regarding the results of risks identified during such testing and any appropriate mitigations prior to deployment.
    (ii)   Within 180 days of the date of this memorandum, AISI shall issue guidance for AI developers on how to test, evaluate, and manage risks to safety, security, and trustworthiness arising from dual-use foundation models, building on guidelines issued pursuant to subsection 4.1(a) of Executive Order 14110.  AISI shall issue guidance on topics including:
    (A)  How to measure capabilities that are relevant to the risk that AI models could enable the development of biological and chemical weapons or the automation of offensive cyber operations;
    (B)  How to address societal risks, such as the misuse of models to harass or impersonate individuals;
    (C)  How to develop mitigation measures to prevent malicious or improper use of models;
    (D)  How to test the efficacy of safety and security mitigations; and
    (E)  How to apply risk management practices throughout the development and deployment lifecycle (pre-development, development, and deployment/release).
    (iii)  Within 180 days of the date of this memorandum, AISI, in consultation with other agencies as appropriate, shall develop or recommend benchmarks or other methods for assessing AI systems’ capabilities and limitations in science, mathematics, code generation, and general reasoning, as well as other categories of activity that AISI deems relevant to assessing general-purpose capabilities likely to have a bearing on national security and public safety.
    (iv)   In the event that AISI or another agency determines that a dual-use foundation model’s capabilities could be used to harm public safety significantly, AISI shall serve as the primary point of contact through which the United States Government communicates such findings and any associated recommendations regarding risk mitigation to the developer of the model.
    (v)    Within 270 days of the date of this memorandum, and at least annually thereafter, AISI shall submit to the President, through the APNSA, and provide to other interagency counterparts as appropriate, at minimum one report that shall include the following:
    (A)  A summary of findings from AI safety assessments of frontier AI models that have been conducted by or shared with AISI;
    (B)  A summary of whether AISI deemed risk mitigation necessary to resolve any issues identified in the assessments, along with conclusions regarding any mitigations’ efficacy; and
    (C)  A summary of the adequacy of the science-based tools and methods used to inform such assessments.
         (f)  Consistent with these goals, other agencies specified below shall take the following actions, in coordination with Commerce, acting through AISI within NIST, to provide classified sector-specific evaluations of current and near-future AI systems for cyber, nuclear, and radiological risks:
    (i)    All agencies that conduct or fund safety testing and evaluations of AI systems shall share the results of such evaluations with AISI within 30 days of their completion, consistent with applicable protections for classified and controlled information.
    (ii)   Within 120 days of the date of this memorandum, the National Security Agency (NSA), acting through its AI Security Center (AISC) and in coordination with AISI, shall develop the capability to perform rapid systematic classified testing of AI models’ capacity to detect, generate, and/or exacerbate offensive cyber threats.  Such tests shall assess the degree to which AI systems, if misused, could accelerate offensive cyber operations.
    (iii)  Within 120 days of the date of this memorandum, DOE, acting primarily through the National Nuclear Security Administration (NNSA) and in close coordination with AISI and NSA, shall seek to develop the capability to perform rapid systematic testing of AI models’ capacity to generate or exacerbate nuclear and radiological risks.  This initiative shall involve the development and maintenance of infrastructure capable of running classified and unclassified tests, including using restricted data and relevant classified threat information.  This initiative shall also feature the creation and regular updating of automated evaluations, the development of an interface for enabling human-led red-teaming, and the establishment of technical and legal tooling necessary for facilitating the rapid and secure transfer of United States Government, open-weight, and proprietary models to these facilities.  As part of this initiative:
    (A)  Within 180 days of the date of this memorandum, DOE shall use the capability described in subsection 3.3(f)(iii) of this section to complete initial evaluations of the radiological and nuclear knowledge, capabilities, and implications of a frontier AI model no more than 30 days after the model has been made available to NNSA at an appropriate classification level.  These evaluations shall involve tests of AI systems both without significant modifications and, as appropriate, with fine-tuning or other modifications that could enhance performance.
    (B)  Within 270 days of the date of this memorandum, and at least annually thereafter, DOE shall submit to the President, through the APNSA, at minimum one assessment that shall include the following:
    (1)  A concise summary of the findings of each AI model evaluation for radiological and nuclear risk, described in subsection 3.3(f)(iii)(A) of this section, that DOE has performed in the preceding 12 months;
    (2)  A recommendation as to whether corrective action is necessary to resolve any issues identified in the evaluations, including but not limited to actions necessary for attaining and sustaining compliance conditions appropriate to safeguard and prevent unauthorized disclosure of restricted data or other classified information, pursuant to the Atomic Energy Act of 1954; and
    (3)  A concise statement regarding the adequacy of the science-based tools and methods used to inform the evaluations.
    (iv)   On an ongoing basis, DHS, acting through the Cybersecurity and Infrastructure Security Agency (CISA), shall continue to fulfill its responsibilities with respect to the application of AISI guidance, as identified in National Security Memorandum 22 of April 30, 2024 (Critical Infrastructure Security and Resilience), and section 4 of Executive Order 14110.
         (g)  Consistent with these goals, and to reduce the chemical and biological risks that could emerge from AI:
    (i)    The United States Government shall advance classified evaluations of advanced AI models’ capacity to generate or exacerbate deliberate chemical and biological threats.  As part of this initiative:
    (A)  Within 210 days of the date of this memorandum, DOE, DHS, and AISI, in consultation with DOD and other relevant agencies, shall coordinate to develop a roadmap for future classified evaluations of advanced AI models’ capacity to generate or exacerbate deliberate chemical and biological threats, to be shared with the APNSA.  This roadmap shall consider the scope, scale, and priority of classified evaluations; proper safeguards to ensure that evaluations and simulations are not misconstrued as offensive capability development; proper safeguards for testing sensitive and/or classified information; and sustainable implementation of evaluation methodologies.
    (B)  On an ongoing basis, DHS shall provide expertise, threat and risk information, and other technical support to assess the feasibility of proposed biological and chemical classified evaluations; interpret and contextualize evaluation results; and advise relevant agencies on potential risk mitigations.
    (C)  Within 270 days of the date of this memorandum, DOE shall establish a pilot project to provide expertise, infrastructure, and facilities capable of conducting classified tests in this area.
    (ii)   Within 240 days of the date of this memorandum, DOD, the Department of Health and Human Services (HHS), DOE (including national laboratories), DHS, NSF, and other agencies pursuing the development of AI systems substantially trained on biological and chemical data shall, as appropriate, support efforts to utilize high-performance computing resources and AI systems to enhance biosafety and biosecurity.  These efforts shall include:
    (A)  The development of tools for screening in silico chemical and biological research and technology;
    (B)  The creation of algorithms for nucleic acid synthesis screening;
    (C)  The construction of high-assurance software foundations for novel biotechnologies;
    (D)  The screening of complete orders or data streams from cloud labs and biofoundries; and
    (E)  The development of risk mitigation strategies such as medical countermeasures.
    (iii)  After the publication of biological and chemical safety guidance by AISI outlined in subsection 3.3(e) of this section, all agencies that directly develop relevant dual-use foundation AI models that are made available to the public and are substantially trained on biological or chemical data shall incorporate this guidance into their agency’s practices, as appropriate and feasible.
    (iv)   Within 180 days of the date of this memorandum, NSF, in coordination with DOD, Commerce (acting through AISI within NIST), HHS, DOE, the Office of Science and Technology Policy (OSTP), and other relevant agencies, shall seek to convene academic research institutions and scientific publishers to develop voluntary best practices and standards for publishing computational biological and chemical models, data sets, and approaches, including those that use AI and that could contribute to the production of knowledge, information, technologies, and products that could be misused to cause harm.  This is in furtherance of the activities described in subsections 4.4 and 4.7 of Executive Order 14110.
    (v)    Within 540 days of the date of this memorandum, and informed by the United States Government Policy for Oversight of Dual Use Research of Concern and Pathogens with Enhanced Pandemic Potential, OSTP, NSC staff, and the Office of Pandemic Preparedness and Response Policy, in consultation with relevant agencies and external stakeholders as appropriate, shall develop guidance promoting the benefits of and mitigating the risks associated with in silico biological and chemical research.
         (h)  Agencies shall take the following actions to improve foundational understanding of AI safety, security, and trustworthiness:
    (i)   DOD, Commerce, DOE, DHS, ODNI, NSF, NSA, and the National Geospatial-Intelligence Agency (NGA) shall, as appropriate and consistent with applicable law, prioritize research on AI safety and trustworthiness.  As appropriate and consistent with existing authorities, they shall pursue partnerships as appropriate with leading public sector, industry, civil society, academic, and other institutions with expertise in these domains, with the objective of accelerating technical and socio-technical progress in AI safety and trustworthiness.  This work may include research on interpretability, formal methods, privacy enhancing technologies, techniques to address risks to civil liberties and human rights, human-AI interaction, and/or the socio-technical effects of detecting and labeling synthetic and authentic content (for example, to address the malicious use of AI to generate misleading videos or images, including those of a strategically damaging or non-consensual intimate nature, of political or public figures).
    (ii)  DOD, Commerce, DOE, DHS, ODNI, NSF, NSA, and NGA shall, as appropriate and consistent with applicable law, prioritize research to improve the security, robustness, and reliability of AI systems and controls.  These entities shall, as appropriate and consistent with applicable law, partner with other agencies, industry, civil society, and academia.  Where appropriate, DOD, DHS (acting through CISA), the Federal Bureau of Investigation, and NSA (acting through AISC) shall publish unclassified guidance concerning known AI cybersecurity vulnerabilities and threats; best practices for avoiding, detecting, and mitigating such issues during model training and deployment; and the integration of AI into other software systems.  This work shall include an examination of the role of and vulnerabilities potentially caused by AI systems used in critical infrastructure.
         (i)  Agencies shall take actions to protect classified and controlled information, given the potential risks posed by AI:
    (i)  In the course of regular updates to policies and procedures, DOD, DOE, and the IC shall consider how analysis enabled by AI tools may affect decisions related to declassification of material, standards for sufficient anonymization, and similar activities, as well as the robustness of existing operational security and equity controls to protect classified or controlled information, given that AI systems have demonstrated the capacity to extract previously inaccessible insight from redacted and anonymized data.
    Sec. 4.  Responsibly Harnessing AI to Achieve National Security Objectives.  (a)  It is the policy of the United States Government to act decisively to enable the effective and responsible use of AI in furtherance of its national security mission.  Achieving global leadership in national security applications of AI will require effective partnership with organizations outside Government, as well as significant internal transformation, including strengthening effective oversight and governance functions.
         4.1.  Enabling Effective and Responsible Use of AI.  (a)  It is the policy of the United States Government to adapt its partnerships, policies, and infrastructure to use AI capabilities appropriately, effectively, and responsibly.  These modifications must balance each agency’s unique oversight, data, and application needs with the substantial benefits associated with sharing powerful AI and computational resources across the United States Government.  Modifications must also be grounded in a clear understanding of the United States Government’s comparative advantages relative to industry, civil society, and academia, and must leverage offerings from external collaborators and contractors as appropriate.  The United States Government must make the most of the rich United States AI ecosystem by incentivizing innovation in safe, secure, and trustworthy AI and promoting industry competition when selecting contractors, grant recipients, and research collaborators.  Finally, the United States Government must address important technical and policy considerations in ways that ensure the integrity and interoperability needed to pursue its objectives while protecting human rights, civil rights, civil liberties, privacy, and safety.
         (b)  The United States Government needs an updated set of Government-wide procedures for attracting, hiring, developing, and retaining AI and AI-enabling talent for national security purposes.
         (c)  Consistent with these goals:
    (i)   In the course of regular legal, policy, and compliance framework reviews, the Department of State, DOD, DOJ, DOE, DHS, and IC elements shall revise, as appropriate, their hiring and retention policies and strategies to accelerate responsible AI adoption.  Agencies shall account for technical talent needs required to adopt AI and integrate it into their missions and other roles necessary to use AI effectively, such as AI-related governance, ethics, and policy positions.  These policies and strategies shall identify financial, organizational, and security hurdles, as well as potential mitigations consistent with applicable law.  Such measures shall also include consideration of programs to attract experts with relevant technical expertise from industry, academia, and civil society — including scholarship for service programs — and similar initiatives that would expose Government employees to relevant non-government entities in ways that build technical, organizational, and cultural familiarity with the AI industry.  These policies and strategies shall use all available authorities, including expedited security clearance procedures as appropriate, in order to address the shortfall of AI-relevant talent within Government.
    (ii)  Within 120 days of the date of this memorandum, the Department of State, DOD, DOJ, DOE, DHS, and IC elements shall each, in consultation with the Office of Management and Budget (OMB), identify education and training opportunities to increase the AI competencies of their respective workforces, via initiatives which may include training and skills-based hiring.
         (d)  To accelerate the use of AI in service of its national security mission, the United States Government needs coordinated and effective acquisition and procurement systems.  This will require an enhanced capacity to assess, define, and articulate AI-related requirements for national security purposes, as well as improved accessibility for AI companies that lack significant prior experience working with the United States Government.
         (e)  Consistent with these goals:
    (i)    Within 30 days of the date of this memorandum, DOD and ODNI, in coordination with OMB and other agencies as appropriate, shall establish a working group to address issues involving procurement of AI by DOD and IC elements and for use on NSS.  As appropriate, the working group shall consult the Director of the NSA, as the National Manager for NSS, in developing recommendations for acquiring and procuring AI for use on NSS.
    (ii)   Within 210 days of the date of this memorandum, the working group described in subsection 4.1(e)(i) of this section shall provide written recommendations to the Federal Acquisition Regulatory Council (FARC) regarding changes to existing regulations and guidance, as appropriate and consistent with applicable law, to promote the following objectives for AI procured by DOD and IC elements and for use on NSS:
    (A)  Ensuring objective metrics to measure and promote the safety, security, and trustworthiness of AI systems;
    (B)  Accelerating the acquisition and procurement process for AI, consistent with the Federal Acquisition Regulation, while maintaining appropriate checks to mitigate safety risks;  
    (C)  Simplifying processes such that companies without experienced contracting teams may meaningfully compete for relevant contracts, to ensure that the United States Government has access to a wide range of AI systems and that the AI marketplace is competitive;
    (D)  Structuring competitions to encourage robust participation and achieve best value to the Government, such as by including requirements that promote interoperability and prioritizing the technical capability of vendors when evaluating offers;
    (E)  Accommodating shared use of AI to the greatest degree possible and as appropriate across relevant agencies; and
    (F)  Ensuring that agencies with specific authorities and missions may implement other policies, where appropriate and necessary.
    (iii)  The FARC shall, as appropriate and consistent with applicable law, consider proposing amendments to the Federal Acquisition Regulation to codify recommendations provided by the working group pursuant to subsection 4.1(e)(ii) of this section that may have Government-wide application.
    (iv)   DOD and ODNI shall seek to engage on an ongoing basis with diverse United States private sector stakeholders — including AI technology and defense companies and members of the United States investor community — to identify and better understand emerging capabilities that would benefit or otherwise affect the United States national security mission.
         (f)  The United States Government needs clear, modernized, and robust policies and procedures that enable the rapid development and national security use of AI, consistent with human rights, civil rights, civil liberties, privacy, safety, and other democratic values.
         (g)  Consistent with these goals:
    (i)    DOD and the IC shall, in consultation with DOJ as appropriate, review their respective legal, policy, civil liberties, privacy, and compliance frameworks, including international legal obligations, and, as appropriate and consistent with applicable law, seek to develop or revise policies and procedures to enable the effective and responsible use of AI, accounting for the following:
    (A)  Issues raised by the acquisition, use, retention, dissemination, and disposal of models trained on datasets that include personal information traceable to specific United States persons, publicly available information, commercially available information, and intellectual property, consistent with section 9 of Executive Order 14110;
    (B)  Guidance that shall be developed by DOJ, in consultation with DOD and ODNI, regarding constitutional considerations raised by the IC’s acquisition and use of AI;
    (C)  Challenges associated with classification and compartmentalization;
    (D)  Algorithmic bias, inconsistent performance, inaccurate outputs, and other known AI failure modes;
    (E)  Threats to analytic integrity when employing AI tools;
    (F)  Risks posed by a lack of safeguards that protect human rights, civil rights, civil liberties, privacy, and other democratic values, as addressed in further detail in subsection 4.2 of this section;
    (G)  Barriers to sharing AI models and related insights with allies and partners; and
    (H)  Potential inconsistencies between AI use and the implementation of international legal obligations and commitments.
    (ii)   As appropriate, the policies described in subsection 4.1(g) of this section shall be consistent with direction issued by the Committee on NSS and DOD governing the security of AI used on NSS, policies issued by the Director of National Intelligence governing adoption of AI by the IC, and direction issued by OMB governing the security of AI used on non-NSS.
    (iii)  On an ongoing basis, each agency that uses AI on NSS shall, in consultation with ODNI and DOD, take all steps appropriate and consistent with applicable law to accelerate responsible approval of AI systems for use on NSS and accreditation of NSS that use AI systems.
         (h)  The United States’ network of allies and partners confers significant advantages over competitors.  Consistent with the 2022 National Security Strategy or any successor strategies, the United States Government must invest in and proactively enable the co-development and co-deployment of AI capabilities with select allies and partners.
         (i)  Consistent with these goals:
    (i)  Within 150 days of the date of this memorandum, DOD, in coordination with the Department of State and ODNI, shall evaluate the feasibility of advancing, increasing, and promoting co-development and shared use of AI and AI-enabled assets with select allies and partners.  This evaluation shall include:
    (A)  A potential list of foreign states with which such co-development or co-deployment may be feasible;
    (B)  A list of bilateral and multilateral fora for potential outreach;
    (C)  Potential co-development and co-deployment concepts;
    (D)  Proposed classification-appropriate testing vehicles for co-developed AI capabilities; and
    (E)  Considerations for existing programs, agreements, or arrangements to use as foundations for future co-development and co-deployment of AI capabilities.
         (j)  The United States Government needs improved internal coordination with respect to its use of and approach to AI on NSS in order to ensure interoperability and resource sharing consistent with applicable law, and to reap the generality and economies of scale offered by frontier AI models.
         (k)  Consistent with these goals:
    (i)  On an ongoing basis, DOD and ODNI shall issue or revise relevant guidance to improve consolidation and interoperability across AI functions on NSS.  This guidance shall seek to ensure that the United States Government can coordinate and share AI-related resources effectively, as appropriate and consistent with applicable law.  Such work shall include:
    (A)  Recommending agency organizational practices to improve AI research and deployment activities that span multiple national security institutions.  In order to encourage AI adoption for the purpose of national security, these measures shall aim to create consistency to the greatest extent possible across the revised practices.
    (B)  Steps that enable consolidated research, development, and procurement for general-purpose AI systems and supporting infrastructure, such that multiple agencies can share access to these tools to the extent consistent with applicable law, while still allowing for appropriate controls on sensitive data.
    (C)  Aligning AI-related national security policies and procedures across agencies, as practicable and appropriate, and consistent with applicable law.
    (D)  Developing policies and procedures, as appropriate and consistent with applicable law, to share information across DOD and the IC when an AI system developed, deployed, or used by a contractor demonstrates risks related to safety, security, and trustworthiness, including to human rights, civil rights, civil liberties, or privacy.
         4.2.  Strengthening AI Governance and Risk Management.  (a)  As the United States Government moves swiftly to adopt AI in support of its national security mission, it must continue taking active steps to uphold human rights, civil rights, civil liberties, privacy, and safety; ensure that AI is used in a manner consistent with the President’s authority as Commander in Chief to decide when to order military operations in the Nation’s defense; and ensure that military use of AI capabilities is accountable, including through such use during military operations within a responsible human chain of command and control.  Accordingly, the United States Government must develop and implement robust AI governance and risk management practices to ensure that its AI innovation aligns with democratic values, updating policy guidance where necessary.  In light of the diverse authorities and missions across covered agencies with a national security mission and the rapid rate of ongoing technological change, such AI governance and risk management frameworks shall be:
    (i)    Structured, to the extent permitted by law, such that they can adapt to future opportunities and risks posed by new technical developments;
    (ii)   As consistent across agencies as is practicable and appropriate in order to enable interoperability, while respecting unique authorities and missions;
    (iii)  Designed to enable innovation that advances United States national security objectives;
    (iv)   As transparent to the public as practicable and appropriate, while protecting classified or controlled information;
    (v)    Developed and applied in a manner and with means to integrate protections, controls, and safeguards for human rights, civil rights, civil liberties, privacy, and safety where relevant; and
    (vi)   Designed to reflect United States leadership in establishing broad international support for rules and norms that reinforce the United States’ approach to AI governance and risk management.
         (b)  Covered agencies shall develop and use AI responsibly, consistent with United States law and policies, democratic values, and international law and treaty obligations, including international humanitarian and human rights law.  All agency officials retain their existing authorities and responsibilities established in other laws and policies.
         (c)  Consistent with these goals:
    (i)  Heads of covered agencies shall, consistent with their authorities, monitor, assess, and mitigate risks directly tied to their agency’s development and use of AI.  Such risks may result from reliance on AI outputs to inform, influence, decide, or execute agency decisions or actions, when used in a defense, intelligence, or law enforcement context, and may impact human rights, civil rights, civil liberties, privacy, safety, national security, and democratic values.  These risks from the use of AI include the following:
    (A)  Risks to physical safety:  AI use may pose unintended risks to human life or property.
    (B)  Privacy harms:  AI design, development, and operation may result in harm, embarrassment, unfairness, and prejudice to individuals.
    (C)  Discrimination and bias:  AI use may lead to unlawful discrimination and harmful bias, resulting in, for instance, inappropriate surveillance and profiling, among other harms.
    (D)  Inappropriate use:  operators using AI systems may not fully understand the capabilities and limitations of these technologies, including systems used in conflicts.  Such unfamiliarity could impact operators’ ability to exercise appropriate levels of human judgment.
    (E)  Lack of transparency:  agencies may have gaps in documentation of AI development and use, and the public may lack access to information about how AI is used in national security contexts because of the necessity to protect classified or controlled information.
    (F)  Lack of accountability:  training programs and guidance for agency personnel on the proper use of AI systems may not be sufficient, including to mitigate the risk of overreliance on AI systems (such as “automation bias”), and accountability mechanisms may not adequately address possible intentional or negligent misuse of AI-enabled technologies.
    (G)  Data spillage:  AI systems may reveal aspects of their training data — either inadvertently or through deliberate manipulation by malicious actors — and data spillage may result from AI systems trained on classified or controlled information when used on networks where such information is not permitted.
    (H)  Poor performance:  AI systems that are inappropriately or insufficiently trained, used for purposes outside the scope of their training set, or improperly integrated into human workflows may exhibit poor performance, including in ways that result in inconsistent outcomes or unlawful discrimination and harmful bias, or that undermine the integrity of decision-making processes.
    (I)  Deliberate manipulation and misuse:  foreign state competitors and malicious actors may deliberately undermine the accuracy and efficacy of AI systems, or seek to extract sensitive information from such systems.
         (d)  The United States Government’s AI governance and risk management policies must keep pace with evolving technology.
         (e)  Consistent with these goals:
    (i)   An AI framework, entitled “Framework to Advance AI Governance and Risk Management in National Security” (AI Framework), shall further implement this subsection.  The AI Framework shall be approved by the NSC Deputies Committee through the process described in National Security Memorandum 2 of February 4, 2021 (Renewing the National Security Council System), or any successor process, and shall be reviewed periodically through that process.  This process shall determine whether adjustments are needed to address risks identified in subsection 4.2(c) of this section and other topics covered in the AI Framework.  The AI Framework shall serve as a national security-focused counterpart to OMB’s Memorandum M-24-10 of March 28, 2024 (Advancing Governance, Innovation, and Risk Management for Agency Use of Artificial Intelligence), and any successor OMB policies.  To the extent feasible, appropriate, and consistent with applicable law, the AI Framework shall be as consistent as possible with these OMB policies and shall be made public.
    (ii)  The AI Framework described in subsection 4.2(e)(i) of this section and any successor document shall, at a minimum, and to the extent consistent with applicable law, specify the following:
    (A)  Each covered agency shall have a Chief AI Officer who holds primary responsibility within that agency, in coordination with other responsible officials, for managing the agency’s use of AI, promoting AI innovation within the agency, and managing risks from the agency’s use of AI consistent with subsection 3(b) of OMB Memorandum M-24-10, as practicable.
    (B)  Covered agencies shall have AI Governance Boards to coordinate and govern AI issues through relevant senior leaders from the agency.
    (C)  Guidance on AI activities that pose unacceptable levels of risk and that shall be prohibited.
    (D)  Guidance on AI activities that are “high impact” and require minimum risk management practices, including for high-impact AI use that affects United States Government personnel.  Such high-impact activities shall include AI whose output serves as a principal basis for a decision or action that could exacerbate or create significant risks to national security, international norms, human rights, civil rights, civil liberties, privacy, safety, or other democratic values.  The minimum risk management practices for high-impact AI shall include a mechanism for agencies to assess AI’s expected benefits and potential risks; a mechanism for assessing data quality; sufficient test and evaluation practices; mitigation of unlawful discrimination and harmful bias; human training, assessment, and oversight requirements; ongoing monitoring; and additional safeguards for military service members, the Federal civilian workforce, and individuals who receive an offer of employment from a covered agency.
    (E)  Covered agencies shall ensure privacy, civil liberties, and safety officials are integrated into AI governance and oversight structures.  Such officials shall report findings to the heads of agencies and oversight officials, as appropriate, using existing reporting channels when feasible.
    (F)  Covered agencies shall ensure that there are sufficient training programs, guidance, and accountability processes to enable proper use of AI systems.
    (G)  Covered agencies shall maintain an annual inventory of their high-impact AI use and AI systems and provide updates on this inventory to agency heads and the APNSA.
    (H)  Covered agencies shall ensure that whistleblower protections are sufficient to account for issues that may arise in the development and use of AI and AI systems.
    (I)  Covered agencies shall develop and implement waiver processes for high-impact AI use that balance robust implementation of risk mitigation measures in this memorandum and the AI Framework with the need to utilize AI to preserve and advance critical agency missions and operations.
    (J)  Covered agencies shall implement cybersecurity guidance or direction associated with AI systems issued by the National Manager for NSS to mitigate the risks posed by malicious actors exploiting new technologies, and to enable interoperability of AI across agencies.  Within 150 days of the date of this memorandum, and periodically thereafter, the National Manager for NSS shall issue minimum cybersecurity guidance and/or direction for AI used as a component of NSS, which shall be incorporated into AI governance guidance detailed in subsection 4.2(g)(i) of this section.
         (f)  The United States Government needs guidance specifically regarding the use of AI on NSS.
         (g)  Consistent with these goals:
    (i)  Within 180 days of the date of this memorandum, the heads of the Department of State, the Department of the Treasury, DOD, DOJ, Commerce, DOE, DHS, ODNI (acting on behalf of the 18 IC elements), and any other covered agency that uses AI as part of a NSS (Department Heads) shall issue or update guidance to their components/sub-agencies on AI governance and risk management for NSS, aligning with the policies in this subsection, the AI Framework, and other applicable policies.  Department Heads shall review their respective guidance on an annual basis, and update such guidance as needed.  This guidance, and any updates thereto, shall be provided to the APNSA prior to issuance.  This guidance shall be unclassified and made available to the public to the extent feasible and appropriate, though it may have a classified annex.  Department Heads shall seek to harmonize their guidance, and the APNSA shall convene an interagency meeting at least annually for the purpose of harmonizing Department Heads’ guidance on AI governance and risk management to the extent practicable and appropriate while respecting the agencies’ diverse authorities and missions.  Harmonization shall be pursued in the following areas:
    (A)  Implementation of the risk management practices for high-impact AI;
    (B)  AI and AI system standards and activities, including as they relate to training, testing, accreditation, and security and cybersecurity; and
    (C)  Any other issues that affect interoperability for AI and AI systems.
    Sec. 5.  Fostering a Stable, Responsible, and Globally Beneficial International AI Governance Landscape.  (a)  Throughout its history, the United States has played an essential role in shaping the international order to enable the safe, secure, and trustworthy global adoption of new technologies while also protecting democratic values.  These contributions have ranged from establishing nonproliferation regimes for biological, chemical, and nuclear weapons to setting the foundations for multi-stakeholder governance of the Internet.  Like these precedents, AI will require new global norms and coordination mechanisms, which the United States Government must maintain an active role in crafting.
         (b)  It is the policy of the United States Government that United States international engagement on AI shall support and facilitate improvements to the safety, security, and trustworthiness of AI systems worldwide; promote democratic values, including respect for human rights, civil rights, civil liberties, privacy, and safety; prevent the misuse of AI in national security contexts; and promote equitable access to AI’s benefits.  The United States Government shall advance international agreements, collaborations, and other substantive and norm-setting initiatives in alignment with this policy.
         (c)  Consistent with these goals:
    (i)  Within 120 days of the date of this memorandum, the Department of State, in coordination with DOD, Commerce, DHS, the United States Mission to the United Nations (USUN), and the United States Agency for International Development (USAID), shall produce a strategy for the advancement of international AI governance norms in line with safe, secure, and trustworthy AI, and democratic values, including human rights, civil rights, civil liberties, and privacy.  This strategy shall cover bilateral and multilateral engagement and relations with allies and partners.  It shall also include guidance on engaging with competitors, and it shall outline an approach to working in international institutions such as the United Nations and the Group of 7 (G7), as well as technical organizations.  The strategy shall:
    (A)  Develop and promote internationally shared definitions, norms, expectations, and standards, consistent with United States policy and existing efforts, which will promote safe, secure, and trustworthy AI development and use around the world.  These norms shall be as consistent as possible with United States domestic AI governance (including Executive Order 14110 and OMB Memorandum M-24-10), the International Code of Conduct for Organizations Developing Advanced AI Systems released by the G7 in October 2023, the Organization for Economic Cooperation and Development Principles on AI, United Nations General Assembly Resolution A/78/L.49, and other United States-supported relevant international frameworks (such as the Political Declaration on Responsible Military Use of AI and Autonomy) and instruments.  By discouraging misuse and encouraging appropriate safeguards, these norms and standards shall aim to reduce the likelihood of AI causing harm or having adverse impacts on human rights, democracy, or the rule of law.
    (B)  Promote the responsible and ethical use of AI in national security contexts in accordance with democratic values and in compliance with applicable international law.  The strategy shall advance the norms and practices established by this memorandum and measures endorsed in the Political Declaration on Responsible Military Use of AI and Autonomy.
    Sec. 6.  Ensuring Effective Coordination, Execution, and Reporting of AI Policy.  (a)  The United States Government must work in a closely coordinated manner to make progress on effective and responsible AI adoption.  Given the speed with which AI technology evolves, the United States Government must learn quickly, adapt to emerging strategic developments, adopt new capabilities, and confront novel risks.
         (b)  Consistent with these goals:
    (i)    Within 270 days of the date of this memorandum, and annually thereafter for at least the next 5 years, the heads of the Department of State, DOD, Commerce, DOE, ODNI (acting on behalf of the IC), USUN, and USAID shall each submit a report to the President, through the APNSA, that offers a detailed accounting of their activities in response to their taskings in all sections of this memorandum, including this memorandum’s classified annex, and that provides a plan for further action.  The Central Intelligence Agency (CIA), NSA, the Defense Intelligence Agency (DIA), and NGA shall submit reports on their activities to ODNI for inclusion in full as an appendix to ODNI’s report regarding IC activities.  NGA, NSA, and DIA shall submit their reports as well to DOD for inclusion in full as an appendix to DOD’s report.
    (ii)   Within 45 days of the date of this memorandum, the Chief AI Officers of the Department of State, DOD, DOJ, DOE, DHS, OMB, ODNI, CIA, DIA, NSA, and NGA, as well as appropriate technical staff, shall form an AI National Security Coordination Group (Coordination Group).  Any Chief AI Officer of an agency that is a member of the Committee on National Security Systems may also join the Coordination Group as a full member.  The Coordination Group shall be co-chaired by the Chief AI Officers of ODNI and DOD.  The Coordination Group shall consider ways to harmonize policies relating to the development, accreditation, acquisition, use, and evaluation of AI on NSS.  This work could include development of:
    (A)  Enhanced training and awareness to ensure that agencies prioritize the most effective AI systems, responsibly develop and use AI, and effectively evaluate AI systems;
    (B)  Best practices to identify and mitigate foreign intelligence risks and human rights considerations associated with AI procurement;
    (C)  Best practices to ensure interoperability between agency deployments of AI, to include data interoperability and data sharing agreements, as appropriate and consistent with applicable law;
    (D)  A process to maintain, update, and disseminate such trainings and best practices on an ongoing basis;
    (E)  AI-related policy initiatives to address regulatory gaps implicated by executive branch-wide policy development processes; and 
    (F)  An agile process to increase the speed of acquisitions, validation, and delivery of AI capabilities, consistent with applicable law.
    (iii)  Within 90 days of the date of this memorandum, the Coordination Group described in subsection (b)(ii) of this section shall establish a National Security AI Executive Talent Committee (Talent Committee) composed of senior AI officials (or designees) from all agencies in the Coordination Group that wish to participate.  The Talent Committee shall work to standardize, prioritize, and address AI talent needs and develop an updated set of Government-wide procedures for attracting, hiring, developing, and retaining AI and AI-enabling talent for national security purposes.  The Talent Committee shall designate a representative to serve as a member of the AI and Technology Talent Task Force set forth in Executive Order 14110, helping to identify overlapping needs and address shared challenges in hiring.
    (iv)   Within 365 days of the date of this memorandum, and annually thereafter for at least the next 5 years, the Coordination Group described in subsection (b)(ii) of this section shall issue a joint report to the APNSA on consolidation and interoperability of AI efforts and systems for the purposes of national security.
         Sec. 7.  Definitions.  (a)  This memorandum uses definitions set forth in section 3 of Executive Order 14110.  In addition, for the purposes of this memorandum:
    (i)     The term “AI safety” means the mechanisms through which individuals and organizations minimize and mitigate the potential for harm to individuals and society that can result from the malicious use, misapplication, failures, accidents, and unintended behavior of AI models; the systems that integrate them; and the ways in which they are used.
    (ii)    The term “AI security” means a set of practices to protect AI systems — including training data, models, abilities, and lifecycles — from cyber and physical attacks, thefts, and damage.
    (iii)   The term “covered agencies” means agencies in the Intelligence Community, as well as all agencies as defined in 44 U.S.C. 3502(1) when they use AI as a component of a National Security System, other than the Executive Office of the President.
    (iv)    The term “Critical Technical Artifacts” (CTAs) means information, usually specific to a single model or group of related models that, if possessed by someone other than the model developer, would substantially lower the costs of recreating, attaining, or using the model’s capabilities.  Under the technical paradigm dominant in the AI industry today, the model weights of a trained AI system constitute CTAs, as do, in some cases, associated training data and code.  Future paradigms may rely on different CTAs.
    (v)     The term “frontier AI model” means a general-purpose AI system near the cutting-edge of performance, as measured by widely accepted publicly available benchmarks, or similar assessments of reasoning, science, and overall capabilities.
    (vi)    The term “Intelligence Community” (IC) has the meaning provided in 50 U.S.C. 3003.
    (vii)   The term “open-weight model” means a model that has weights that are widely available, typically through public release.
    (viii)  The term “United States Government” means all agencies as defined in 44 U.S.C. 3502(1).
         Sec. 8.  General Provisions.  (a)  Nothing in this memorandum shall be construed to impair or otherwise affect:
    (i)   the authority granted by law to an executive department or agency, or the head thereof; or
    (ii)  the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.
         (b)  This memorandum shall be implemented consistent with applicable law and subject to the availability of appropriations.
         (c)  This memorandum is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.
                                  JOSEPH R. BIDEN JR.

    MIL OSI USA News

  • MIL-OSI Economics: ACP Statement on Treasury Issuing Final Rules for 45X Advanced Manufacturing Tax Credits

    Source: American Clean Power Association (ACP)

    Headline: ACP Statement on Treasury Issuing Final Rules for 45X Advanced Manufacturing Tax Credits

    IRS Final Regs Provide U.S. Businesses with Needed Certainty
    WASHINGTON DC, October 24, 2024 – The American Clean Power Association (ACP) released the following statement from ACP Chief Advocacy Officer JC Sandberg after the U.S. Department of Treasury issued a final rule for the Advanced Manufacturing Production Tax Credit (45X MPTC), which applies to clean energy components made in the United States:
    “ACP commends the Treasury Department and IRS for finalizing the advanced manufacturing tax credits that are driving historic levels of investment in domestic clean energy manufacturing.
    “The finalization of the 45X regulations provides American businesses with the certainty they need to continue building domestic supply chains that strengthen the country’s energy independence, create tens of thousands good paying American jobs, and boost the nation’s economy.”
    According to ACP’s Clean Energy Investing in America report, since August 2022 federal tax credits have helped drive:
    More than 160 new or expanded utility-scale clean energy manufacturing facilities announced in the U.S.
    More than one-quarter (44) of these facilities are already operational, creating 20,000 new American manufacturing jobs.
    More than $60 billion in new private sector capital investment directed toward domestic clean energy manufacturing.

    MIL OSI Economics

  • MIL-OSI Global: Dispatch from Pennsylvania: How marketing affects swing voters as U.S. election looms

    Source: The Conversation – Canada – By Dave Bussiere, Associate Professor, Marketing, University of Windsor

    Americans will soon elect their next president after a race for the White House that is essentially tied. From a marketing perspective, think of Republican Donald Trump and Democrat Kamala Harris as each holding 45 per cent market share. The remaining 10 per cent includes undecided voters and people disinclined to vote.

    My political marketing class at the University of Windsor is using a marketing lens to understand the variables that will influence the outcome on Nov. 5. My recent road trip to the battleground state of Pennsylvania gave me insight into the strength of both the Democratic and Republican brands.

    I am viewing the parties as long-established brands. There is brand loyalty to both parties. Those brands’ current success, however, is influenced by the ongoing campaign.

    In terms of the Democratic Party, voters obviously aren’t being asked to buy it, but they are being asked to buy the party as augmented or diminished by Harris, its current presidential candidate. The same can be said for Trump’s Republican party.

    From a marketing perspective, we can monitor promotional efforts that include traditional media, social media, debates, interviews and rallies, and we receive updates on the parties’ fundraising efforts — essentially a promotional budget. We’ll see the results of these efforts on Nov. 5.

    Predicting results

    This is the third time I’ve offered a political marketing course based on an American presidential election. The class focuses on understanding the core party brands, and the impact of candidates, debates, media coverage and Political Action Committees. Students forecast the election results the day before the election.

    The presidency is not decided by the national popular vote. It is a state-by-state competition, with each state assigned votes in the Electoral College. There are 538 Electoral College votes, so 270 are needed to win.

    Most states are predictable. California will undoubtedly vote Democrat (54 votes); Texas will more than likely vote Republican once again (40 votes). The election therefore comes down to seven swing states: Nevada, Arizona, Georgia, North Carolina, Wisconsin, Michigan and Pennsylvania.




    Read more:
    North Carolina is not really a red or blue state − and that makes political predictions much more difficult


    The Democrats, with 226 safe Electoral College votes, have 20 possible routes to 270 — and 19 of them require a Pennsylvania win. Republicans, with 219 safe Electoral College votes, have 21 possible routes to 270 — 19 also require a Pennsylvania win. That’s why I decided to drive through Pennsylvania and speak to voters.

    Understanding Pennsylvania

    I was in Pennsylvania during the week of Sept. 30 to Oct. 4, just after Hurricane Helene hit the southeast, when a vice-presidential debate was held in New York, as the Longshoremen started to strike and as Hurricane Milton was bearing down on Florida.

    First I went to Erie, a bellwether county with a long history of having the same voting pattern as the full state of Pennsylvania, so it’s a strong predictor of statewide results. I went to a Pittsburgh suburb, and then to the borough of State College, home of Penn State University. I periodically left the interstate to drive through other towns to see the signs, grab lunch and talk.

    Each time, my introduction was simple:

    “I’m a marketing professor from Canada running a class about the U.S. presidential election. Would you mind explaining to me how you think Pennsylvania will vote? I do not need to know how you will vote.”

    The university students I spoke to were juniors and seniors. Other than the students, the people I spoke to would be considered working class, a mix of blue collar and white collar. The non-students were 35 to retirement age. Everyone I spoke said they’d voted in the 2022 mid-term election and intended to vote this year.

    At an Erie car show, voters I interviewed were evenly split between a group of 50-plus men with vintage cars and male university students with newer vehicles. I heard from both groups that Pennsylvania was divided, but that the mood between the parties differed.

    Both argued that people voting Democrat were brand-loyal or rejecting the Trump brand. Both age groups, including Democratic voters, noted that Trump supporters were primarily focused only on him as the current Republican brand offering.

    Economic concerns

    Most said the biggest issue that will most influence undecided voters is the economy, followed closely by a more narrow economic concern — inflation.

    One Democrat conveyed a simple message that was representative. Asked who would take Erie County: “Democrats.” Asked why they would win, he replied: “I’m just hoping.”

    Contrast that with a visit to a diner in Erie. One woman explained that she supports Harris because of reproductive rights. Everyone else backed Trump because of his policies on the economy, the southern border, international wars and crime.

    One diner patron had been to a recent Trump rally in Erie. He described it as a rock concert and spoke of the excitement, and hearing Trump say the exact same lines he always says. “It was your favourite rock band playing their hits,” he said.

    I left Erie understanding that Democrats were brand loyal or voting to avoid Trump. Republicans, however, never referenced past voting or leaders. They were simply Trump supporters.

    The Pittsburgh scene

    Pittsburgh was a bust. I chose the wrong town outside Pittsburgh. While I spoke to dozens of voters in Erie, I found only two people to speak to in Smithton.

    State College was different. My hotel was close to Penn State University, and there was a restaurant/sports bar on the hotel property.

    I entered at 4 p.m. The bartender asked why I was in town. A nearby patron said that he would answer questions. Then another person volunteered. I left seven hours later. People were asking to be next.

    I spoke to people from all political spectrums. Of the 40-plus people I spoke with, one couple illustrated the mood in the state particularly well. She is a Republican. He is a Democrat. He explained: “There is too much going on — inflation, the hurricanes, the Longshoremen strike, steel and fracking, illegal immigration. Too much.”

    He shrugged his shoulders, discouraged. She smiled, eager for Election Day.

    Conclusions from talking to voters

    If the election were held today, I believe Republicans would win Pennsylvania based on my conversations with voters. But that could change if there is a change in one of the key topics: strong or unanticipated positive economic news, perhaps, or if a new issue or story develops that has not yet impacted the race.

    The road trip provided insights into voter decision-making. It highlighted the importance of brand loyalty and enthusiasm. A substantial portion of voters indicated they wished both parties had different leaders. This could impact voter turnout.

    It also illuminated a key difference between traditional consumer decision-making and voter decision-making. If, on Black Friday, I prefer Walmart’s offering over Amazon’s, I am not impacted by my neighbour’s purchase decision.

    In politics, however, how my neighbour votes will influence my life for the next four years.

    Dave Bussiere does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Dispatch from Pennsylvania: How marketing affects swing voters as U.S. election looms – https://theconversation.com/dispatch-from-pennsylvania-how-marketing-affects-swing-voters-as-u-s-election-looms-241336

    MIL OSI – Global Reports

  • MIL-OSI USA: NASA Science on Health, Safety to Launch on 31st SpaceX Resupply Mission

    Source: NASA

    5 min read

    New science experiments for NASA are set to launch aboard the agency’s SpaceX 31st commercial resupply services mission to the International Space Station. The six investigations aim to contribute to cutting-edge discoveries by NASA scientists and research teams. The SpaceX Dragon spacecraft will liftoff aboard the company’s Falcon 9 rocket from Launch Complex 39A at NASA’s Kennedy Space Center in Florida.

    Science experiments aboard the spacecraft include a test to study smothering fires in space, evaluating quantum communications, analyzing antibiotic-resistant bacteria, examining health issues like blood clots and inflammation in astronauts, as well as growing romaine lettuce and moss in microgravity.

    Developing Firefighting Techniques in Microgravity

    Putting out a fire in space requires a unique approach to prioritize the safety of the spacecraft environment and crew. The SoFIE-MIST (Solid Fuel Ignition and Extinction – Material Ignition and Suppression Test) is one of five investigations chosen by NASA since 2009 to develop techniques on how to contain and put out fires in microgravity. Research from the experiment could strengthen our understanding of the beginning stages of fire growth and behavior, which will assist in building and developing more resilient space establishments and creating better plans for fire suppression in space

    NASA astronaut Jessica Watkins services components that support the SOFIE (Solid Fuel Ignition and Extinction) fire safety experiment inside the International Space Station’s combustion integrated rack
    Credit: NASA

    Combating Antibiotic Resistance

    Resistance to antibiotics is as much of a concern for astronauts in space as it is for humans on Earth. Research determined that the impacts of microgravity can weaken a human’s immune system during spaceflight, which can lead to an increase of infection and illness for those living on the space station.

    The GEARS (Genomic Enumeration of Antibiotic Resistance in Space) investigation scans the orbiting outpost for bacteria resistant to antibiotics and these organisms are studied to learn how they thrive and adapt to microgravity. Research results could help increase the safety of astronauts on future missions as well as provide clues to improving human health on Earth.

    A sample media plate pictured aboard the International Space Station. The GEARS (Genomic Enumeration of Antibiotic Resistance in Space) investigation surveys the orbiting laboratory for antibiotic-resistant organisms. Genetic analysis could provide knowledge that informs measures to protect astronauts on future long-duration missions
    Credit: NASA

    Understanding Inflammation and Blood Clotting

    Microgravity takes a toll on the human body and studies have shown that astronauts have had cases of inflammation and abnormally regulated blood clotting. The MeF-1 (Megakaryocytes Orbiting in Outer Space and Near Earth: The MOON Study (Megakaryocyte Flying-One)) investigation will conduct research on how the conditions in microgravity can impact the creation and function of platelets and bone-marrow megakaryocytes. Megakaryocytes, and their progeny, platelets, are key effector cells bridging the inflammatory, immune, and hemostatic continuum.

    This experiment could help scientists learn about the concerns caused by any changes in the formation of clots, inflammation, and immune responses both on Earth and during spaceflight.

    A scanning electron-microscopy image of human platelets taken at the NASA Space Radiation Laboratory
    NASA Space Radiation Laboratory

    Building the Space Salad Bar

    The work continues to grow food in the harsh environment of space that is both nutritious and safe for humans to consume. With Plant Habitat-07, research continues on ‘Outredgeous’ romaine lettuce, first grown on the International Space Station in 2014.

    This experiment will sprout this red lettuce in microgravity in the space station’s Advanced Plant Habitat and study how optimal and suboptimal moisture conditions impact plant growth, nutrient content, and the plant microbiome. The knowledge gained will add to NASA’s history of growing vegetables in space and could also benefit agriculture on Earth.

    Pace crop production scientist Oscar Monje harvests Outredgeous romaine lettuce for preflight testing of the Plant Habitat-07 experiment inside a laboratory at the Space Systems Processing Facility at NASA’s Kennedy Space Center in Florida
    NASA/Ben Smegelsky

    Mixing Moss with Space Radiation

    ARTEMOSS (ANT1 Radiation Tolerance Experiment with Moss in Orbit on the Space Station) continues research that started on Earth with samples of Antarctic moss that underwent simulated solar radiation at the NASA Space Radiation Lab at Brookhaven National Lab in Upton, New York.

    After exposure to radiation some of the moss samples will spend time on the orbiting outpost in the microgravity environment and some will remain on the ground in the 1g environment. ARTEMOSS will study how Antarctic moss recovers from any potential damage from ionizing radiation exposure when plants remain on the ground and when plants grow in spaceflight microgravity. This study leads the way in understanding the effects of combined simulated cosmic ionizing radiation and spaceflight microgravity on live plants, providing more clues to plant performance in exploration missions to come.  

    An example of moss plants grown for the ARTEMOSS mission
    Credit: NASA

    Enabling Communication in Space Between Quantum Computers

    The SEAQUE (Space Entanglement and Annealing Quantum Experiment) will experiment with technologies that, if successful, will enable communication on a quantum level using entanglement. Researchers will focus on validating in space a new technology, enabling easier and more robust communication between two quantum systems across large distances. The research from this experiment could lead to developing building blocks for communicating between equipment such as quantum computers with enhanced security.

    A quantum communications investigation, called SEAQUE (Space Entanglement and Annealing Quantum Experiment), is pictured as prepared for launch to the International Space Station on NASA’s SpaceX 31st commercial resupply services mission. The investigation is integrated on a MISSE-20 (Materials International Space Station Experiment) device, which is a platform for experiments on the outside of space station exposing instrumentation directly to the space environment. SEAQUE will conduct experiments in quantum entanglement while being exposed to the radiation environment of space
    Credit: NASA

    Related resources:

    NASA’s Biological and Physical Sciences Division pioneers scientific discovery and enables exploration by using space environments to conduct investigations not possible on Earth. Studying biological and physical phenomenon under extreme conditions allows researchers to advance the fundamental scientific knowledge required to go farther and stay longer in space, while also benefitting life on Earth.

    MIL OSI USA News

  • MIL-OSI USA: Veteran celebrates birthday and 69 years of SETAF-AF

    Source: United States Army

    U.S. Army Maj. Gen. Andrew C. Gainey, U.S. Army Southern European Task Force, Africa (SETAF-AF) commanding general, cuts the SETAF-AF 69th anniversary cake alongside the youngest soldier, Pfc. Daely Goodwin, and the oldest soldier, Retired U.S. Army Staff Sgt. Ed Furnish. Gainey was joined by Sgt. Maj. Gabriel Liera, far left, and Magda Miselli, the daughter of Phil Maselli, who served at SETAF-AF for 43 years. Miselli presented a journal belonging to her father, documenting the early history of SETAF-AF during the celebration. The event, held at Caserma Del Din in Vicenza, Italy, Oct. 24, 2024, honored Miselli, Furnish, and other guests. (U.S. Army photo by 1st Lt. Katherine Sibilla (Photo Credit: 1st Lt. Katherine Sibilla) VIEW ORIGINAL

    Back to 

    U.S. Army Southern European Task Force, Africa

    VICENZA, Italy — Every year, retired U.S. Army Staff Sgt. Ed Furnish says he gets to celebrate two birthdays—one in September and one in October. The first is his actual birthday; the second is the anniversary of U.S. Army Southern European Task Force, Africa (SETAF-AF) —an organization that holds a special meaning in his life since he was stationed here in 1959, when he arrived as a 17-year-old from a small farm in Indiana.

    Now 82 years old, Furnish was the oldest attendee at SETAF-AF’s 69th anniversary and had the honor of cutting the birthday cake alongside the youngest Soldier, Pfc. Daely Goodwin, at the celebration. They were joined by U.S. Army Maj. Gen. Andrew C. Gainey, commanding general of SETAF-AF.

    Throughout his military career, Furnish served with SETAF-AF—then called SETAF until 2020—in the logistics division. After retiring from the military, he spent 34 years as a civil servant, living in Vicenza for many of those years working for SETAF-AF and U.S. Army Garrison Italy.

    “SETAF means home,” said Furnish. “I married my wife, an Italian from nearby Castelfranco. All three of my children attended school here, and my youngest daughter was born in the hospital on post.”

    U.S. Army Maj. Gen. Andrew C. Gainey, commanding general of U.S. Army Southern European Task Force, Africa (SETAF-AF), speaks with Retired U.S. Army Staff Sgt. Ed Furnish prior to the commencement of the SETAF-AF 69th anniversary ceremony, held at Caserma Del Din in Vicenza, Italy, Oct. 24, 2024. Furnish had the honor of cutting SETAF-AF’s 69th anniversary cake alongside Gainey, as the oldest attendee at the celebration. (U.S. Army photo by 1st Lt. Katherine Sibilla) (Photo Credit: 1st Lt. Katherine Sibilla) VIEW ORIGINAL

    Over the last eight decades, Furnish has witnessed SETAF-AF evolve, adapting to new missions and expanding its reach across continents. Initially, the unit operated as part of NATO’s defense in Southern Europe, with a particular focus on protecting Italy. When Furnish arrived in Vicenza in 1959, SETAF consisted of 6,000 Soldiers and was divided into three major elements: a headquarters command, missile command and a logistical command. The command spanned three installations in Verona, Vicenza and Livorno.

    “I think SETAF started out with a purpose in 1955, and now there’s an even bigger purpose for SETAF-AF. They’re going to keep growing,” Furnish said.

    1 / 2 Show Caption + Hide Caption – U.S. Army Maj. Gen. Andrew C. Gainey, commanding general of U.S. Army Southern European Task Force, Africa (SETAF-AF), pays tribute to Retired U.S. Army Staff Sgt. Ed Furnish, who served with SETAF-AF, and Magda Maselli, the daughter of Phil Maselli, who served at SETAF-AF for 43 years, during the SETAF-AF 69th anniversary ceremony at Caserma Del Din in Vicenza, Italy, Oct. 24, 2024. (U.S. Army photo by 1st Lt. Katherine Sibilla) (Photo Credit: 1st Lt. Katherine Sibilla) VIEW ORIGINAL
    2 / 2 Show Caption + Hide Caption – A journal belonging to Phil Maselli, which documented the early history of U.S. Army Southern European Task Force, Africa (SETAF-AF), was presented to U.S. Army Maj. Gen. Andrew C. Gainey, commanding general of SETAF-AF during the 69th anniversary ceremony at Caserma Del Din in Vicenza, Italy, Oct. 24, 2024.(U.S. Army photo by 1st Lt. Katherine Sibilla) (Photo Credit: 1st Lt. Katherine Sibilla) VIEW ORIGINAL

    He also saw Vicenza evolve from a city recovering from the destruction of World War II to a bustling center of activity. Yet, for Furnish, one thing that has not changed in over 65 years is the core of Italian culture.

    “Italy has always had fantastic food and wine—none of that has changed,” he said. “The Italian way of life hasn’t changed either. Life may be faster-paced now, but their culture remains the same as it was when I arrived in 1959.”

    During the 69th anniversary ceremony, Furnish joined other U.S. and Italian military dignitaries, including Magda Maselli, the daughter of Phil Maselli, who served SETAF-AF for 43 years. A journal belonging to Phil Maselli, which documented the early history of SETAF-AF, was presented to Gainey during the event.

    1 / 2 Show Caption + Hide Caption – U.S. Army Maj. Gen. Andrew C. Gainey, commanding general of U.S. Army Southern European Task Force, Africa (SETAF-AF), pays tribute to Retired U.S. Army Staff Sgt. Ed Furnish, who served with SETAF-AF, and Magda Maselli, the daughter of Phil Maselli, who served SETAF-AF for 43 years, during the SETAF-AF 69th anniversary ceremony at Caserma Del Din in Vicenza, Italy, Oct. 24, 2024.(U.S. Army photo by 1st Lt. Katherine Sibilla) (Photo Credit: 1st Lt. Katherine Sibilla) VIEW ORIGINAL
    2 / 2 Show Caption + Hide Caption – Magda Maselli, the daughter of Phil Maselli, who served U.S. Army Southern European Task Force, Africa (SETAF-AF), for 43 years, speaks during the SETAF-AF 69th anniversary ceremony at Caserma Del Din in Vicenza, Italy, Oct. 24, 2024. (U.S. Army photo by 1st Lt. Katherine Sibilla) (Photo Credit: 1st Lt. Katherine Sibilla) VIEW ORIGINAL

    “We have worked side-by-side with our Italian hosts to promote peace and security,” said Gainey. “I’m proud to be part of that legacy, and today we have an opportunity to honor two individuals whose contributions shaped our shared history.”

    Before the cake cutting, Gainey recognized both Furnish and Maselli for their contributions and long-standing service to SETAF-AF.

    “I think it’s great that SETAF continues to recognize this every year, showing the younger generation that the tradition is going to carry on,” Furnish concluded.

    About SETAF-AF

    SETAF-AF provides U.S. Africa Command and U.S. Army Europe and Africa a dedicated headquarters to synchronize Army activities in Africa and scalable crisis-response options in Africa and Europe.

    Follow SETAF-AF on: Facebook, Twitter, Instagram, YouTube, LinkedIn & DVIDS

    MIL OSI USA News

  • MIL-OSI USA: IAM Illinois Local 660 Members on Strike for Fair Contract at Eaton

    Source: US GOIAM Union

    Approximately 400 members of International Association of Machinists and Aerospace Workers (IAM) Local 660 (District 9) are on strike for a fair contract at Eaton Corp., facilities in Highland and Troy, Ill.

    On Sunday, Oct. 20, IAM Local 660 members voted to reject a contract offer from Eaton management that had insufficient wages to keep pace with inflation and industry standards, high health insurance costs, no improvements to work-life balance, and substandard retirement security. IAM members at Eaton are currently forced to work six day work weeks. The company is also seeking to turn a 30-minute break into two 15-minute breaks, leaving little time to have a meal. Management also wants to eliminate the two 10-minute breaks per shift. 

    Members also voted to strike, which began on Monday, Oct. 21.

    “Eaton management needs to come back to the table and negotiate a contract that treats IAM members with respect,” said IAM District 9 Directing Business Representative Jason Tetidrick. “IAM Local 660 members are simply seeking a fair deal that provides a dignified living for their families and communities.”

    IAM members at Eaton, a global power management company in the aerospace and electric supply industries, are dedicated professionals whose jobs range from machinist to tool and die maker.

    “The entire IAM Union stands with our 400 IAM Local 660 members who are taking a stand for fairness and respect in the workplace,” said IAM Midwest Territory General Vice President Sam Cicinelli. “We will use every resource necessary to stand up to this company to get the strong and equitable contract our members rightfully deserve.”

    The International Association of Machinists and Aerospace Workers (IAM) is one of North America’s largest and most diverse industrial trade unions, representing approximately 600,000 active and retired members in the aerospace, defense, airlines, railroad, transit, healthcare, automotive, and other industries. 

    goIAM.org | @MachinistsUnion

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    MIL OSI USA News

  • MIL-OSI USA: Six State Revolving Fund loans awarded for water and sanitary sewer projects

    Source: US State of North Dakota

    The State Revolving Fund (SRF) programs, jointly administered by the North Dakota Department of Environmental Quality and the North Dakota Public Finance Authority, have awarded six loans for water and sanitary sewer projects since August.

    • The Clean Water State Revolving Fund (CWSRF) awarded $350,000 to Drayton, $15 million to Fargo, and $3.3 million to Jamestown. These cities will replace aging water meters to ensure accurate accounting of water use and identify potential leaks.
    • Grand Forks received a $6.9 million CWSRF loan for Phases 2 through 5 of a sanitary sewer collection installation. This project will serve areas currently on septic systems, reducing potential groundwater impacts.
    • Southeast Water Users District received a $5.7 million Drinking Water State Revolving Fund (DWSRF) loan towards the construction of a new water treatment plant, a new ground storage reservoir, and the expansion of the existing wellfield. This project aims to improve water quality for users in Dickey, LaMoure and Logan counties.
    • Mandan received a $5.5 million DWSRF loan towards replacing the Collins Reservoir, ensuring adequate water storage for the community.

    The U.S. Environmental Protection Agency provides part of the SRF programs’ funding, which offers below-market interest rate loans to political subdivisions for financing projects authorized under the Clean Water Act and Safe Drinking Water Act. SRF programs operate nationwide to provide funding to maintain and improve the infrastructure that protects our vital water resources.

    Loans are awarded to projects listed on the project priority list based on project eligibility determined by the Department of Environmental Quality and the Public Finance Authority’s review of repayment ability. The Public Finance Authority is overseen by the North Dakota Industrial Commission, consisting of Governor Doug Burgum as chairman, Attorney General Drew H. Wrigley, and Agriculture Commissioner Doug Goehring. Please contact the Department of Environmental Quality at ndsrf@nd.gov regarding specific detail on any of the projects mentioned above.

    MIL OSI USA News

  • MIL-OSI: Farmers & Merchants Bancorp, Inc. and F&M Bank Announces Updates to Board of Directors

    Source: GlobeNewswire (MIL-OSI)

    Kevin Frey Appointed to Board of Directors

    Dr. K. Brad Stamm to Retire from Board of Directors

    ARCHBOLD, Ohio, Oct. 24, 2024 (GLOBE NEWSWIRE) — F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO), announced updates to its Board of Directors. On October 22, 2024, Kevin Frey was appointed to the Board of Directors of both the Company and the Bank. In addition to this new appointment, F&M announced the retirement of Dr. K. Brad Stamm from the Board of Directors.

    “On behalf of F&M’s Board of Directors, I am thrilled to welcome Kevin to our team. With deep roots in our legacy market and a wealth of experience as Vice President of Frey & Sons, he brings invaluable insights that will strengthen our connection to the communities we serve,” said F&M’s Chairman Andrew Briggs. “We look forward to his contributions as we continue to grow while staying true to the values guiding F&M for generations.”

    Frey is the Vice President of Frey & Sons, Inc., a family-owned real estate brokerage and auction company that was incorporated in 1963 and is headquartered in Archbold, Ohio. Frey is the Principal Broker and lead Auctioneer for Frey & Sons. The company specializes in real estate auctions and sales in Northwest Ohio and heavy equipment auctions across the Midwest. Frey also manages a portfolio of multifamily, commercial, and agricultural properties and is a member of the Board of Directors for Yoder & Frey, Inc., a farm and machinery auction yard. Frey received a Bachelor of Arts in accounting from Goshen College and worked as a Certified Public Accountant from 1996-2003. He is a member of the National Association of Realtors, Ohio Association of Realtors, National Auctions Association, and Ohio Auctioneers Association.

    Dr. Stamm joined the Board in November of 2016 and served with distinction throughout his tenure. He is the President and Educational Consultant of Stamm Management Group. A celebration in honor of Dr. Stamm’s contributions was held on October 22, 2024. His final day as a Board member will be October 25, 2024.

    “Brad has been an instrumental part of our Board for nearly eight years, and his dedication and leadership will be greatly missed,” said President and CEO of F&M, Lars Eller. “We wish him all the best and express our deepest gratitude for his service to F&M.”

    About F&M Bank:
    F&M Bank is a local independent community bank that has been serving its communities since 1897. F&M Bank provides commercial banking, retail banking and other financial services. Our locations are in Butler, Champaign, Fulton, Defiance, Hancock, Henry, Lucas, Shelby, Williams, and Wood counties in Ohio. In Northeast Indiana, we have offices located in Adams, Allen, DeKalb, Jay, Steuben and Wells counties. The Michigan footprint includes Oakland County, and we have Loan Production Offices in West Bloomfield, Michigan; Muncie, Indiana; and Perrysburg and Bryan, Ohio.

    Safe harbor statement
    Private Securities Litigation Reform Act of 1995. Statements by F&M, including management’s expectations and comments, may not be based on historical facts and are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21B of the Securities Exchange Act of 1934, as amended. Actual results could vary materially depending on risks and uncertainties inherent in general and local banking conditions, competitive factors specific to markets in which F&M and its subsidiaries operate, future interest rate levels, legislative and regulatory decisions, capital market conditions, or the effects of the COVID-19 pandemic, and its impacts on our credit quality and business operations, as well as its impact on general economic and financial market conditions. F&M assumes no responsibility to update this information. For more details, please refer to F&M’s SEC filing, including its most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q. Such filings can be viewed at the SEC’s website, www.sec.gov or through F&M’s website www.fm.bank.

    Company Contact: Investor and Media Contact:
    Lars B. Eller
    President and Chief Executive Officer
    Farmers & Merchants Bancorp, Inc.
    (419) 446-2501
    leller@fm.bank
    Andrew M. Berger
    Managing Director
    SM Berger & Company, Inc.
    (216) 464-6400
    andrew@smberger.com

     

    The MIL Network

  • MIL-OSI: Investview, Inc. (“INVU”) Announces the Acquisition of Renu Laboratories Inc., a manufacturer of proprietary and other health, beauty and wellness products.

    Source: GlobeNewswire (MIL-OSI)

    Company to launch a new health and wellness business intended to expand existing lines of business and take advantage of established distribution channels.

    Haverford, PA, Oct. 24, 2024 (GLOBE NEWSWIRE) — Investview, Inc. (OTCQB: INVU), a diversified financial technology company that through its subsidiaries and global distribution network provides financial technology, education tools, content, research, and a digital asset technology company, which develops, operates, and supports blockchain technologies, with a focus on the Bitcoin blockchain ecosystem and the generation of digital assets, announced today that it has recently completed the acquisition of Renu Laboratories, Inc., a manufacturer of proprietary and other health, beauty and wellness products (“Renu Labs”). The terms of the acquisition were not disclosed.

    “This acquisition is an exciting milestone for our company’s strategic growth plans,” said Victor Oviedo, Investview CEO. “The combination of Renu Labs with our existing businesses is intended to further support our mission and vision at Investview to create and offer unique quality of life (QoL) products and services to help people realize their greatest potential through better financial literacy, technology and accessibility, blockchain sustainability, and now a personal health and wellness lifestyle.”

    Strategic rationale behind the merger:

    Victor Oviedo, Investview CEO commented, “through its principal and Founder, Gregg Hanson, an experienced veteran in the industry, Renu Labs has been able to develop a catalog of proprietary and third-party skin, body, hair, nutritional supplement, and personal care products. Following the Company’s integration of the Renu Labs business, the Company plans to operate through a unique B2C direct-to-consumer marketing and product sales delivery model under its newly formed myLife Wellness business unit. We expect that the combination of the Renu Labs business with our global network marketing model will enable us to expand and enhance our customer retention and increase the value of the Company’s iGenius global network to its affiliates and customers.”

    “Our sales force and consumers are expected to benefit from commercialization of the Renu Labs unique proprietary wellness products namely, Renu by myLife Wellness “advanced peptide wrinkle corrector serum,” “eye lift and tuck serum,” and its “high potency advanced day and night peptide and collagen renewal serum” for both woman and men.”

    Jim Bell, Investview President/ COO added, “the Renu acquisition is a great addition to the Company in multiple ways. It not only adds a proven brand and a collection of proprietary health and wellness products, but most importantly, from a strategic perspective, it positions us to take the first step in the planned diversification of the Company’s business into the expanding health and wellness markets while taking advantage of our existing national and international distribution channels to do so.”

    “Furthermore”, Mr. Bell added, “we were looking for just the right partner to form the platform for our strategic growth initiative. With Renu Labs’ nearly three decades of experience in the health and wellness space, we believe Gregg Hanson and Renu Labs are the right partners. It is our expectation that the myLife Wellness/Renu platform will not only enhance our future financial results but will also help consumers achieve a better personal health and wellness lifestyle which aligns with our Company’s Mission and Vision.”

    Investview expects the Renu acquisition to be revenue accretive as early as the 4th quarter of 2024 – 1st quarter 2025.

    Underlying the expected synergies are the following factors:

    • Expanded Product Line: Renu Labs’ advanced peptide serums and personal care products are expected to complement Investview’s iGenius platform, enhancing customer offerings.
    • Market Expansion: Investview’s iGenius subsidiary has more than 15,000 global customers and members, including more than 17,000 alumni of the same, creating an attractive, immediate cross-selling opportunity.
    • Operational Synergies: The merger in conjunction with the Company’s capital investment will enhance product development and innovation and is expected to increase recurring revenue through the Company’s existing direct-to-consumer model.
    • Proven Industry Expertise: Renu Labs has over 30 years’ experience as a recognized OTC skin care manufacturer specializing in private label and contract manufacturing of high-quality skin, body and hair care and other OTC products, and operates as an FDA-registered and cGMP-compliant facility.

    Gregg Hanson, Founder and President of Renu Labs commented, “Joining forces with Investview marks a pivotal moment for us. This partnership will allow us to accelerate innovation and to bring more unique, high-quality wellness products to the global health and wellness market. At Renu Labs, we have worked to create and offer innovative high quality proprietary skin, body and hair care wellness products for our customers. We are excited to be part of a larger organization that shares the same commitment to our core customer values. Together, we plan to accelerate our innovation and offer more unique quality of life (QoL) health and wellness products to our customers, while also closely integrating our products and marketing with the already robust iGenius sales and marketing network. That is good news for Renu customers, suppliers and employees.”

    Victor Oviedo concluded, “We are consistently taking a diversified approach to our innovation, strategic partnerships, global expansion and corporate citizenship to fuel sustainable, long-term growth, which we strive for and seek to achieve year-over-year. We believe that the strength of our balance sheet and cash position, along with our consistent focus on our core fundamentals, will generate sustainable long-term value for all stakeholders.”

    About Investview, Inc.

    Investview, Inc., a Nevada corporation, operates a financial technology (FinTech) services company, offering several different lines of business, including a Financial Education and Technology business that delivers a series of products and services involving financial education, digital assets and related technology, through a network of independent distributors; and a Blockchain Technology and Crypto Mining Products and Services business, including leading-edge research, development and FinTech services involving the management of digital asset technologies with a focus on Bitcoin mining and the new generation of digital assets. In addition, we are in the process of creating a Brokerage and Financial Markets business within the investment management and brokerage industries by, among others, commercializing on a proprietary trading platform we acquired in September 2021. For more information on Investview, please visit: www.investview.com.

    Forward-Looking Statement

    All statements in this release that are not based on historical fact are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies, and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. These forward-looking statements are based on Investview’s current beliefs and assumptions and information currently available to Investview and involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by these forward-looking statements. Our forward-looking statements expect, among others, that we will be able to integrate the historic operations of Renu on a timely basis and in the absence of unexpected delays or difficulties, that Renu will be able to increase the scale and scope of its operations and product offerings beyond its historic levels through use of our expansion capital and by taking advantage of our existing sales and marketing channels. We plan to do this by, among others, investing the funds we believe are necessary to develop at Renu the infrastructure necessary to achieve these goals. This includes, among others, the on-boarding of additional sales, marketing, customer support and product development personnel, and the development and implementation of a corresponding marketing strategy. Despite our best efforts, there can be no assurance that we will be able to achieve these objectively on a timely basis, if at all, as there can be no assurances that we will be able to expand Renu’s historic scope and scale of operations, and absent such expansion, the acquisition would only be modestly accretive, if at all. More information on potential factors that could affect Investview’s financial results is included from time to time in Investview’s public reports filed with the U.S. Securities and Exchange Commission, including the Company’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. The forward-looking statements made in this release speak only as of the date of this release, and Investview, Inc. assumes no obligation to update any such forward-looking statements to reflect actual results or changes in expectations, except as otherwise required by law.

    Investor Relations
    Contact: Ralph R. Valvano
    Phone Number: 732.889.4300
    Email: pr@investview.com

    The MIL Network

  • MIL-OSI: TAB Bank Powers Major Metal Manufacturer’s Expansion with $4 Million Infusion

    Source: GlobeNewswire (MIL-OSI)

    OGDEN, Utah, Oct. 24, 2024 (GLOBE NEWSWIRE) — TAB Bank closed a $4 million working capital facility with a rapidly growing, full-service metal manufacturer serving the aerospace, defense, medical, marine and renewable energy industries. The partnership will help the manufacturer consolidate two newly acquired machine shops and expand its operations to meet increased demand.

    The manufacturer has built a reputation for exceeding customer expectations with high-precision CNC milling and contract manufacturing services. The company serves major aerospace clients, such as Boeing, Blue Origin, the Department of Defense, SpaceX suppliers and other leading contractors. Its recent acquisition of two additional machine shops has positioned the business to scale further.

    “The machine shop consolidation starts a critical growth phase for the company, and we’re excited to be a part of it,” said Ryan Gabriel, TAB’s Business Development Officer covering the Pacific Northwest. “We customized this $4 million working capital facility deal specifically to the manufacturer’s needs so it can continue to streamline operations and optimize performance while delivering innovative solutions to its clients.”

    With $18 million in sales in 2023 and projections of $24 million for 2024, the business is well-positioned for sustained growth.

    TAB Bank provides tailored financial solutions, including working capital facilities, term loans and equipment financing, to help companies like this manufacturer grow and thrive in competitive industries.

    About TAB Bank
    At TAB Bank, our mission is to unlock dreams with bold financial solutions that empower individuals and businesses nationwide. We are committed to making financial success accessible to everyone through our innovative banking products. Our dedication drives us to continuously improve, ensuring that we meet the evolving needs of our clients with excellence and agility. For over 25 years, we have remained steadfast in offering tailored, technology-enabled solutions designed to simplify and enhance the banking experience. 

    Ryan Gabriel is TAB Bank’s Vice President and Business Development Officer based in Seattle. He has over 20 years of experience in structuring asset-based facilities to meet client needs. He can be reached at 206.391.9886 or at ryan.gabriel@tabbank.com.

    Contact Information:
    Trevor Morris
    Director of Marketing
    801-624-5172
    trevor.morris@tabbank.com

    The MIL Network

  • MIL-OSI Africa: GE Vernova Provides GridOS® Orchestration Software to Help West African Power Pool (WAPP) Facilitate Energy Exchange Among Its Member States

    Source: Africa Press Organisation – English (2) – Report:

    GE Vernova Provides GridOS® Orchestration Software to Help West African Power Pool (WAPP) Facilitate Energy Exchange Among Its Member States The ICC technology platform has also been upgraded with GE Vernova’s GridOS forecasting solution to enhance the value of Variable Renewable Energy (VRE) on the electricity market with advanced forecasting and ramping tools LAGOS, Nigeria, October 24, 2024/APO Group/ — GE Vernova Inc. (www.GEVernova.com) (NYSE: GEV) today announced that its GridOS® orchestration software is deployed in the newly completed Information and Coordination Centre (ICC) in Abomey-Calavi, Benin for the West African Power Pool (WAPP), a groundbreaking initiative aimed at transforming the region’s energy landscape. The recently inaugurated ICC will serve as the centralized command centre for the mainland member countries of the Economic Community of West Africa States (ECOWAS), overseeing the interconnected power grids of 14 nations, namely Benin, Burkina-Faso, Côte d’Ivoire, The Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mali, Niger, Nigeria, Senegal, Sierra Leone, and Togo. This milestone marks a significant step towards establishing a unified power market across the region, paving the way for a more reliable, sustainable, and affordable energy infrastructure for West Africa.  According to the International Energy Agency (IEA) Africa Energy Outlook 2022 report1, Africa’s GDP is expected to grow by an average of 4.6% per year between 2022 and 2040. This economic growth is expected to drive up energy demand by 2.8% per year, with electricity consumption expected to double by 2040. By expanding power capacity, enhancing forecasting capabilities, and ensuring a seamless balance between generation and demand across borders, the West Africa Power Pool powered by the ICC is bridging the gap between energy needs and reliable supply.  The ICC is a state-of-the art facility equipped with the latest electric grid management technologies. Elements of GE Vernova’s GridOS software portfolio are deployed in the facility to enable more secure, reliable grid orchestration. The software is designed to help utilities achieve the resiliency and flexibility needed for a more sustainable energy grid. The ICC is using several of the portfolio’s intelligent grid applications, including: 

    • Energy Management System (EMS) engineered for dispatching 
    • Wide Area Monitoring System (WAMS) designed for grid stability 
    • Advanced Market Management System designed to support the trading of power among ECOWAS countries 

    The ICC technology platform has also been upgraded with GE Vernova’s GridOS forecasting solution to enhance the value of Variable Renewable Energy (VRE) on the electricity market with advanced forecasting and ramping tools. Through this integration, engineers will have near real-time access to data on energy flow across the WAPP interconnected network, enabling them to monitor, analyze, and optimize the distribution of power.  “We are honored to partner with WAPP in their mission to promote and develop power generation and transmission infrastructures, as well as to coordinate power exchange among the ECOWAS member states. Our GridOS portfolio provides the ICC with modern software capabilities to automate grid operations and help increase the energy transaction rate across the region, helping overcome energy challenges in the ECOWAS zone,” said Mahesh Sudhakaran, General Manager for GE Vernova’s Grid Software business.  GE Vernova has long worked with national electric utilities and regional power pools from the region, helping them adopt best-in-class technologies for grid modernization. In November 2022, the Southern African Power Pool (SAPP) inaugurated a new Coordination Control Center equipped with the latest Energy Management System (EMS) from GE Vernova’s Grid Software business. With more projects underway, GE Vernova is proud to be contributing to the energy transition in Africa.  Distributed by APO Group on behalf of GE. Media Inquiries:  Winnie Gathage  GE Vernova | Africa Communications Leader  winnie.gathage@ge.com   Rachael Van Reen  GE Vernova | External Communications  +1 (678) 896-6754 rachael.vanreen@ge.com About GE Vernova: GE Vernova Inc. (NYSE: GEV) is a purpose-built global energy company that includes Power, Wind, and Electrification segments and is supported by its accelerator businesses. Building on over 130 years of experience tackling the world’s challenges, GE Vernova is uniquely positioned to help lead the energy transition by continuing to electrify the world while simultaneously working to decarbonize it. GE Vernova helps customers power economies and deliver electricity that is vital to health, safety, security, and improved quality of life. GE Vernova is headquartered in Cambridge, Massachusetts, U.S., with more than 75,000 employees across 100+ countries around the world. Supported by the Company’s purpose, The Energy to Change the World, GE Vernova technology helps deliver a more affordable, reliable, sustainable, and secure energy future. Learn more: GE Vernova (https://apo-opa.co/48mJgut) and LinkedIn (https://apo-opa.co/3Uj1pDO). GE Vernova’s Electrification Software business is focused on delivering the intelligent applications and insights needed to accelerate electrification and decarbonization across the entire energy ecosystem – from how it’s created, how it’s orchestrated, to how it’s consumed. Its Grid Software business and GridOS® portfolio is trusted by global utilities to orchestrate a more sustainable energy grid and help deliver reliable and affordable electricity to their customers.  Forward-Looking Statements: This document contains forward-looking statements (https://apo-opa.co/4hfGwmV) – that is, statements related to future events that by their nature address matters that are, to different degrees, uncertain. These forward-looking statements often address GE Vernova’s expected future business and financial performance and financial condition, and the expected performance of its products, the impact of its services and the results they may generate or produce, often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,” “preliminary,” or “range.” Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about planned and potential transactions, investments or projects and their expected results and the impacts of macroeconomic and market conditions and volatility on the Company’s business operations, financial results and financial position and on the global supply chain and world economy. 

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    MIL OSI Africa

  • MIL-OSI Russia: Union of Knowledge. The visit of the Polytechnic delegation to Armenia became a new stage of cooperation

    Translation. Region: Russian Federation –

    Source: Peter the Great St Petersburg Polytechnic University – Peter the Great St Petersburg Polytechnic University –

    On October 24, a delegation from SPbPU headed by the rector of the university, academician of the Russian Academy of Sciences Andrey Rudskoy visited the Republic of Armenia. The key moments were meetings at the National Academy of Sciences of the Republic of Armenia and the Russian-Armenian University.

    The delegation of the Polytechnic University visited the National Academy of Sciences of the Republic of Armenia (NAS RA). The history of scientific and educational cooperation between Armenia and St. Petersburg goes back several centuries.

    Today we see the successful development of cooperation between scientific organizations and scientists of the Republic of Armenia and the Russian Federation. Your visit is another step in strengthening joint work. We already have experience of working together in various fields of science, and today we will consolidate our partnership with an agreement that will supplement the previously signed document on scientific and technical cooperation, – President of the NAS RA Ashot Sagyan greeted his colleagues.

    Continuing the traditions of such interaction, SPbB RAS and NAS RA, as well as SPbPU and NAS RA signed an agreement on scientific and technical cooperation. It covers a wide range of areas, including natural, mathematical and technical sciences, as well as life sciences.

    The St. Petersburg Branch of the Russian Academy of Sciences is actively developing international cooperation, which is one of the key areas of our activities. This year, the agreements of the SPbB RAS and SPbPU with the National Academy of Sciences of the Republic of Armenia will be an important step towards strengthening scientific ties with Armenia, with which we are united by a long history of cooperation and common scientific interests, Andrey Rudskoy emphasized.

    Particular attention will be paid to agrobiotechnology and agricultural sciences, astrophysics, physical and chemical research. Joint projects in social, humanitarian and applied sciences are also planned, which will contribute to strengthening scientific ties and technological development between the countries.

    The agreements signed today are intended to make a significant contribution to expanding the interaction between the academic and university communities and will allow our scientists to jointly solve complex problems and adapt the accumulated potential to new realities, noted Ambassador Extraordinary and Plenipotentiary of the Russian Federation to the Republic of Armenia Sergey Kopyrkin.

    During the visit, representatives of SPbPU visited the Russian-Armenian University (RAU), with which the university has had long-standing friendly and partnership relations.

    Since signing a strategic partnership agreement in 2014, RAU and SPbPU have been actively developing joint initiatives in the fields of education, science and youth programs. Over these ten years, the universities have organized numerous joint research projects, conferences and educational projects that facilitated the exchange of experience and knowledge between students and teachers.

    It should be emphasized that the activities envisaged by the comprehensive “Roadmap” of cooperation between SPbPU and RAU cover a wide range of activities and many areas of interest to both educational institutions. Within the framework of this strategic partnership, projects are being implemented in such key areas as physics, telecommunications, biomedicine, bioinformatics, economics, PR and linguistics. Particular attention is paid to the introduction of advanced methods and educational practices into the RAU curriculum.

    For these reasons, the Polytechnic delegation in Yerevan was quite impressive: SPbPU Rector Andrey Rudskoy, Vice-Rector for International Affairs Dmitry Arsenyev, Professor of the Institute of Biomedical Systems and Biotechnology Olga Vlasova, Head of the Project Office “Slavic Universities” and Deputy Head of the International Cooperation Department Nikita Golovin, Director of the Center for Continuing Professional Education PISh CI and Program Director of “Boiling Point – Polytechnic” Sergey Salkutsan, as well as a number of other leading SPbPU experts.

    The program of the visit began with a tour of the campus of the Russian-Armenian University. The rector of SPbPU got acquainted with the scientific and educational laboratories of the Institute of Biomedicine and Pharmacy, the Engineering Physics Institute, the Cast laboratory of the Institute of Mathematics and Informatics, as well as modern socially-oriented spaces.

    RAU is a shining example of how science and education can be effectively combined, creating conditions for training highly qualified specialists who are in demand on the labor market, shared Andrey Rudskoy.

    Andrey Rudskoy paid special attention to the project to create a “green campus”, which includes the generation of electricity using solar panels placed on the university’s territory.

    This is not just a step towards environmental sustainability, but also an opportunity for RAU to become energy independent and even share excess energy with external consumers, Andrey Ivanovich emphasized.

    One of the most striking joint events, the results of which can already be observed, is the methodological support for the creation of the youth space “Boiling Point” at RAU. The two universities actively developed the concept of this space, formulating tasks for the RAU development team. The logical conclusion of the year’s work was the grand opening of the Representative Office of “Boiling Point – Polytech” at RAU on October 24.

    The opening of the youth space “Boiling Point” at RAU is not just the end of our joint work, but the beginning of a new era for students, where their ideas and aspirations will find support and development. We are proud to see how our efforts are becoming a reality, and we are confident that this space will become a source of inspiration for future leaders, – Andrey Rudskoy spoke at the opening ceremony.

    After the excursion, a meeting was held with the management of RAU and the heads of RAU research groups implementing joint projects with SPbPU. The participants presented the results of current initiatives: four network educational programs were developed and implemented, participation in dissertation councils was organized, and more than forty joint scientific papers were published.

    We are watching the progress of your university and can say that, despite all the difficulties, RAU continues to move forward. Each new project, each event is a step towards the campus becoming not only a cozy home for students, but also a place where ideas are born that can change the world. We must join forces to develop this university together, which already today meets world standards, – noted Andrey Rudskoy.

    Scientific conferences on current topics are held annually, and professors from both universities participate in the mutual program “Invited Professor”. Colleagues also discussed tasks for the near future.

    Cooperation between our universities is not just an exchange of experience, it is an opportunity to create something new and significant for our society, Andrey Ivanovich is confident.

    At the meeting, SPbPU Rector Andrey Rudskoy and RAU Rector Edward Sandoyan signed an updated agreement on strategic partnership between SPbPU and RAU, as well as a Roadmap for the implementation of joint events between SPbPU and RAU aimed at supporting youth initiatives and developing student communities.

    Over the past two years, there has been a significant influx of students. Despite the difficulties, we continue to develop. In order to move forward, we need to adapt to new conditions and change our expectations, said Edward Sandoyan.

    We were pleased to renew the strategic partnership agreement that was signed on September 11, 2014. We cannot lose historical memory. The second document signed is a roadmap for the implementation of joint events to support youth initiatives. We have created a cozy corner for our youth, and despite the modest conditions, it has become a beautiful and warm place. In the future, we have the opportunity to expand and hold events, – Andrey Rudskoy summed up.

    In anticipation of the visit of the SPbPU delegation headed by Andrey Rudskoy, leading professors and experts of St. Petersburg held a number of events aimed at developing student communities at RAU. Deputy Director of the Center for Continuing Professional Education “Digital Engineering” of the Advanced Engineering School of SPbPU Pavel Kozlovsky, Deputy Head of the Youth Policy Department of SPbPU Georgy Kvekveskiri, Director of the Center for Continuing Professional Education of the PISh CI and Program Director of “Boiling Point – Polytech” Sergey Salkutsan held an accelerator, which was attended by more than 20 representatives of the RAU Student Council and such RAU associations as a large experimental workshop, an intellectual club, and a sports community.

    The accelerator participants considered the issues of creating and developing student communities, their positioning, forming a working internal structure, attracting and adapting new participants, as well as the topic of continuity of the community’s asset. Georgy Kvekveskiri made a report on the activities of the Youth Policy Department (YPD) of SPbPU, which managed to build an adaptive model of working with student communities at the university.

    The last day of the accelerator was dedicated to forming the image of communities for three years and creating a work program until the end of 2025 (the “Roadmap”, which was signed by the rectors of the two universities). The community accelerator was the first event within the framework of the activities of the new youth space – the Representative Office of “Boiling Point – Polytech” at RAU.

    The head of the training simulators department of the Center for Continuing Professional Education of the Advanced Engineering School “Digital Engineering” Vladislav Tereshchenko held training events and competitions for RAU students on the “Lean Manufacturing” simulator, which is part of CML-Bench platforms.I’m on my way. The event was attended by 1st and 3rd year students majoring in Economics. Three winners received the right to speak at the Winter University in Engineering Sciences at SPbPU in November of this year.

    The guys really liked the game. We plan to implement it in the educational process in several disciplines. It seems to me that the game allows us to objectively assess the degree of economic thinking in the guys, to check all the skills and competencies of students majoring in economics. I also really liked this simulator. I would gladly play it myself, – shared Mariam Voskanyan, Head of the Department of Economics and Finance of the Institute of Economics and Business of the Russian Agrarian University.

    Leading specialists from SPbPU organized lectures and seminars at RAU on physics, telecommunication technologies and biomedical systems. Director of the Higher School of Biomedical Systems and Technologies Olga Vlasova held a seminar on “Optogenetic (chemogenetic) modulation of metabotropic receptors of astrocytes restores cognitive functions in mice with a model of Alzheimer’s disease”. Head of the Laboratory of Microencapsulation and Controlled Delivery of Biologically Active Compounds Alexander Timin presented a seminar on the development of antitumor drugs in encapsulated and free form based on small molecules for the treatment of malignant neoplasms. Professor of the Higher School of Applied Physics and Space Technologies Sergey Makarov told Armenian students about spectrally effective signals.

    The joint work of SPbPU and RAU continues to bring tangible results, strengthening educational and scientific ties between the two universities and making a significant contribution to the development of higher education in Russia and Armenia.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News

  • MIL-OSI: Sword Group: Results for the Third Quarter of 2024

    Source: GlobeNewswire (MIL-OSI)

    Consolidated Revenue: €81.7m

    Organic growth: +15.3% (i)

    EBITDA Margin: 12.0%

    (i) on a like-for-like basis and at constant exchange rates

    KEY FIGURES
    For the 3rd quarter of 2024, consolidated revenue is €81.7m and EBITDA margin is 12.0%, or €9.8m.
    At 30 September, consolidated revenue is €238.6m, with EBITDA margin of 12.0%, or €28.7m.

    Q3 2024 ACCOUNTS

    €m

    non audited figures

    2024 2023 Organic

    Growth (i)

    Revenue 81.7 70.6 +15.3%
    EBITDA 9.8 8.5
    EBITDA Margin 12.0% 12.1%

    (i) on a like-for-like basis and at constant exchange rates

    ACCOUNTS AS AT 30 SEPTEMBER 2024

    €m

    non audited figures

    2024 2023 Organic Growth (i)
    Revenue 238.6 216.7 +15.5%
    EBITDA 28.7 26.3
    EBITDA Margin 12.0 % 12.1%

    (i) on a like-for-like basis and at constant exchange rates

    ANALYSIS

    The Group is on track with its forecasts, and is preparing its 2025 budgets by incorporating its new M&A strategy.

    EVENT OF THE QUARTER

    The INCOR company was integrated into the Group in the 3rd quarter of 2024.

    This entity will enable us to enter the German-speaking Swiss market, which is larger than the market in which the Group currently operates, namely Frenchspeaking Switzerland.

    OUTLOOK

    The Group confirms its annual targets for 2024 in terms of both revenue and EBITDA margin.

    Agenda

    23/01/25: Publication of Q4 2024 Revenue

    12/03/25: 2024 Annual Results Presentation meeting 10am | Paris

    About Sword Group

    Sword has 3,000+ IT/Digital specialists active in 50+ countries to accompany you in the growth of your organisation in the digital age.

    As a leader in technological and digital transformation, Sword has a solid reputation in complex IT & business project management.

    Sword optimises your processes and enhances your data.

    Contact: investorrelations@sword-group.lu 

    Attachment

    The MIL Network

  • MIL-OSI Banking: Website investment-pte.com: BaFin warns about Investment PTE LTD and Performance Investment PTE LTD

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The Federal Financial Supervisory Authority (BaFin) warns consumers about Investment PTE LTD and Performance Investment PTE LTD and the services they are offering. BaFin suspects these operators of the website investment-pte.com of offering consumers financial and investment services without the required authorisation.

    The operators of the website appeal under the name Investment PTE LTD and Performance Investment PTE LTD. They claim to have their registered office in Singapore and to be regulated in St Vincent and the Grenadines. However, there is no supervision of the operator in this country.

    Anyone conducting banking business or providing financial or investment services in Germany may do so only with authorisation from BaFin. However, some companies offer these services without the necessary authorisation. Information on whether particular companies have been authorised by BaFin can be found in BaFin’s database of companies.

    Theinformation provided by BaFin is based on section 37 (4) of the German Banking Act (KreditwesengesetzKWG).

    Please be aware:

    BaFin, the German Federal Criminal Police Office (BundeskriminalamtBKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.

    MIL OSI Global Banks

  • MIL-OSI Banking: capital-imc.net: BaFin investigates the company IMC-Capital Ltd

    Source: Bundesanstalt für Finanzdienstleistungsaufsicht – In English

    The Federal Financial Supervisory Authority (BaFin) warns consumers about the company IMC-Capital Ltd and the services it is offering. BaFin has information that the company is offering banking business and/or financial services on its website capital-imc.net without the required authorisation. The company is not supervised by BaFin.

    Financial services may only be offered in Germany if the company providing these services has the necessary authorisation from BaFin to do this. However, some companies offer these services without the required authorisation. Information on whether a particular company has been granted authorisation by BaFin can be found in BaFin’s database of companies.

    Theinformation provided by BaFin is based on section 37 (4) of the German Banking Act (KreditwesengesetzKWG).

    Please be aware:

    BaFin, the German Federal Criminal Police Office (BundeskriminalamtBKA) and the German state criminal police offices (Landeskriminalämter) recommend that consumers seeking to invest money online should exercise the utmost caution and do the necessary research beforehand in order to identify fraud attempts at an early stage.

    MIL OSI Global Banks

  • MIL-OSI Banking: Fannie Mae Announces Scheduled Release of Third Quarter 2024 Financial Results

    Source: Fannie Mae

    WASHINGTON, DC – Fannie Mae (FNMA/OTCQB) today announced plans to report its third quarter 2024 financial results on Thursday morning, October 31, 2024, before the opening of U.S. financial markets.

    Fannie Mae has scheduled a conference call to discuss the company’s results at 8:00 a.m., ET, on October 31, 2024.

    Prior to the call, the company’s third quarter 2024 earnings news release, quarterly report on Form 10-Q, and other supplemental information will be available on the company’s Quarterly and Annual Results webpage at fanniemae.com/financialresults. Following the call, a transcript will be published to the same webpage and will remain available until our next quarterly earnings announcement.

    CONFERENCE CALL PARTICIPATION DETAILS – Fannie Mae Third Quarter 2024 Financial Results

    Event day and time
    Thursday, October 31, 2024
    8:00 AM (ET)

    Listen-only webcast:
    https://event.webcasts.com/starthere.jsp?ei=1691512&tp_key=ce5c202816
    Click on the link above to attend the presentation from your laptop, tablet, or mobile device. Audio will stream through your selected device. If you have difficulty accessing the webcast, please click the “Listen by Phone” button on the webcast player and dial the number provided.

    MIL OSI Global Banks

  • MIL-OSI United Kingdom: Salford City Council named in top ten of authorities nationally for outstanding outcomes

    Source: City of Salford

    Salford City Council has been named as the eighth-best council in the country in the latest IMPOWER Index, an independent measure of how efficiently councils deliver core services in relation to their budgets.
     
    The index measures the productivity of councils across eight areas: housing, homelessness, waste and recycling, high needs, children’s services, working age adults, older adults, and their relationship with health services. These areas cover around 70 per cent of all local government spending. The top ten list recognises those authorities who have outperformed their closest statistical neighbours by the biggest margin, across the most areas.
     
    Salford City Council has been recognised for its work including having one of the best rated children’s services in the North West and commitments to improve housing standards and tackle homelessness.
     
    Councillor Jack Youd, Salford City Council Deputy City Mayor and Lead Member for Finance, Support Services and Regeneration, said: “We’re really pleased to be recognised in the top ten authorities in the country as it demonstrates our commitment to providing high quality services while ensuring value for money. It shows we’re one of the most efficient councils in the country.
     
    “But we know that providing the best services to our residents, businesses and communities is not about rankings and league tables, it is in being able to respond to and work on behalf of the needs of our city.
     
    “We are always striving to be as productive and efficient in the way we deliver services as we can be. What the IMPOWER Index does do, is give us some further insight and data that can contribute to the future planning of how we deliver services. It also gives confidence to residents that we’re among the best councils in the country for delivering high-quality, cost-effective services.
     
    “We have clear commitments, spelt out in our corporate plan, that we’ll be delivering over the next four years to help ensure that Salford is a fairer, greener, healthier and more inclusive city.”
     
    Get more information on the IMPOWER Index.

    Share this


    Date published
    Thursday 24 October 2024

    Press and media enquiries

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Judges bowled over by Jared at The Ultimate Pitch

    Source: Northern Ireland – City of Derry

    Judges bowled over by Jared at The Ultimate Pitch

    24 October 2024

    Judges were bowled over by local entrepreneur Jared Wilson when he spoke about his business ‘Cricket Jobs Ltd’ during the Derry City and Strabane District heat of Go Succeed: The Ultimate Pitch at the Guildhall.

    This exciting new initiative, backed by the government’s business support service, is aimed at individuals, businesses, and social enterprises across all sectors that have been trading for less than two years.

    A number of local applicants had the opportunity to present their ‘ultimate pitch’ to a panel of experienced judges, but it was Jared Wilson who impressed the most and walked away with a £1,000 prize as well as a year’s hot desk space and 12 months’ membership of the Derry Chamber of Commerce.

    Jared will join the Special Category winners from the Derry/Strabane heat at The Ultimate Pitch Final in Belfast in November. The Special Category Winners are as follows: The Rising Star winner – Clare Hamilton, The Influencer Hub; The Social Inclusion winner – Alannah Kerrigan, Wildflower Weddings; and The Social Enterprise winner – Caroline McGinness Brooks, Repair & Share Foyle.

    A professional cricketer, Jared’s innovative idea revolves around his company ‘Cricket Jobs’ which gives amateur and professional cricketers the opportunity to view playing and job opportunities around the world.

    Reflecting on the success of the local heat of the competition Business Development Manager with Derry City and Strabane District Council, Danielle McNally said: “We were really impressed with the calibre of applicants at the local heat of Go Succeed: The Ultimate Pitch. Our Pitchers had some great ideas which, with the right support, could become sustainable businesses. I would like to thank everyone who took part and to wish Jared, Clare, Alannah and Caroline all the best in the final in Belfast.”

    Anna Doherty, Chief Executive of Derry Chamber of Commerce, was one of the judges at the local heat. She said, “We were delighted to see so many local entrepreneurs coming forward to Pitch to us. Every one of them had obviously put a lot of work into their Pitch and I know many of them will go on to build successful businesses and contribute to our local economy. We at the Chamber of Commerce are delighted to be able to offer Jarad membership for one year and use of a hot desk space – we hope the networking opportunities this will present will help him bolster his future business plans.” 

    Overall winner Jared Wilson was delighted to secure the top prize. He said: “I’m delighted that the judges were impressed with my Pitch. The prize money and support from the Chamber of Commerce will be invaluable in helping to take ‘Cricket Jobs’ to the next level. I am really looking forward to taking part in the Final in Belfast next month and hopefully I can bring The Ultimate Pitch prize back to the North West.”

    Go Succeed (www.go-succeed.com) is funded by the UK Government and delivered by Northern Ireland’s 11 councils. The service supports entrepreneurs, new starts and existing businesses with easy-to-access advice and support including mentoring, master classes, peer networks, access to grant funding and a business plan, at every stage of their growth journey.

    To find out more information about Go Succeed: The Ultimate Pitch, view a full list of terms and conditions, and apply, visit www.go-succeed.com/TheUltimatePitch.

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: BLOG | Accounting for every pound of spending

    Source: City of Liverpool

    With just under a week to go until the Chancellor’s first budget, Council Leader Liam Robinson, explains why Liverpool City Council continues to manage our finances in a sound and prudent way.

    You’d have to have been living under a rock for the last three months not to know that the mood music coming from HM Treasury has not been positive.

    The inherited 14 years of austerity, the cost of living crisis and a £22 billion black hole in the nation’s finances means that difficult decision will need to be made.

    But we are seeing positive steps from the Government.

    A commitment to longer term financial settlements for councils; a pay rise for public sector workers; a commitment to planning reform to improve growth; funding for 300 new school-based nurseries and money for councils to build on brownfield sites is just the beginning of the change.

    Whilst we wait for the budget and for the dedicated spending review in the Spring, in Liverpool we are prudently basing our financial planning assumptions to make sure we manage our spend and make sure we account for every pound.

    In terms of spending, most of our money goes on things we are legally obliged to provide, such as adults and children’s social care to keep vulnerable people safe.  These two departments alone account for well over half of our total net budget – and demand for them has been rising due to a growing older population and more families needing support.  

    We’re also putting a huge amount of emphasis on making sure we bring in all the money we’re owed. Successes this year include:

    • Business Rates revenue up £7.2 million
    • Council Tax revenue up £9.3 million
    • Council Tax arrears collection up £1.7 million

    In addition, a review of the single person Council Tax discount to make sure only eligible households are claiming has brought in an additional £750k, while property debt enforcement has recovered £318k.  

    This programme of work will only accelerate, as we put ourselves on a firmer financial footing for the long-term. This is vital if we are to protect and improve the services each and every resident of Liverpool cherishes.

    MIL OSI United Kingdom