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AMPD Ventures (AMPD.CN) wedge pattern reaches critical point! – Equity.Guru

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AMPD Ventures (AMPD.CN), a Canadian company providing cutting-edge performance computing solutions for video game development, esports, film and entertainment, AI, and big data is reaching a critical point on the chart.

The stock is on the verge of confirming either a breakout or breakdown on a quintessential technical pattern. But before we look at the chart, let’s recap some of the recent fundamental news.

At the beginning of October, AMPD announced that Tippett Studio, a leading full service animation and visual effects production company led by two-time Oscar and Emmy winner Phil Tippett, has picked AMPD Virtual Studio to help power their growth and expansion in the North American market.

A co-developer of the revolutionary go motion animation technique, Tippett has been a fixture in Hollywood animation and visual effects since the 1970’s when he famously created the stop-motion miniature chess scene in the original Star Wars film.

From there, he has earned a string of nominations and awards, working on over 30 films including multiple Jurassic Park offerings as well as the latest Star Wars Trilogy.

Tippett Studio’s expansion into Canada began in May 2022, with the company’s first satellite office, Tippett Canada, in Toronto. Recent projects handled by the studio include work on “The Book of Boba Fett,” Season 2 of “The Mandelorian,” Marvel Studios’ “The Falcon and the Winter Soldier, all on Disney +, and Season 2 of “Locke and Key” on Netflix.

Tippett Canada will be servicing the likes of Marvel Studios, Lucasfilm, Disney, Showtime, New Line Cinema, AMC, Amazon, and Legendary Studios including “The Toxic Avenger.”

Recently AMPD announced its wholly owned subsidiary, Departure Lounge, was open for business. This facility contains the world’s largest volumetric capture stage packed with next gen technologies. CEO Anthony Brown explains the facility’s capabilities and potential:

AMPD Technologies also signed an agreement with Magnolia Quality Development Corporation (MQDC). MQDC is a property development company in Thailand which is looking to AMPD’s expertise for their next generation metaverse content production initiative, which is intended to be the largest in Asia. 

AMPD will be offering consulting services to MQDC and will offer consulting on the technical and studio infrastructure requirements to design and build a world-class Creator Studio utilizing AMPD Technologies Inc and Departure Lounge Inc, which both are AMPD subsidiaries.

This Creator Studio will have the latest cutting edge technology and could transform Thailand into the centre of the Metaverse and film production in Thailand.

Deals continue to be announced as AMPD expertly leverages its virtual studio solutions as well as the world’s largest volumetric capture stage.  AMPD Ventures is one of the few companies actually doing something and their metaverse/AR high-performance computing solutions are revenue generating with incredible potential for growth.

Equity Guru founder and avid AMPD shareholder, lays out the argument for giving AMPD serious consideration as a part of your investment portfolio:

And there are signs on the chart that the AMPD adventure ride is about to begin!

TradingView Chart

TradingView Chart

AMPD Ventures stock remains in its range, and the bottom of this range at $0.12 continues to be bought up by buyers. We know that there is a wall of buyers here.

Technically, we still require a breakout. Ideally, the big break comes when the price climbs over $0.19. However, notice the trendline I have drawn.

The price of the stock has been respecting this trendline and I would say it is a valid technical indicator for traders. If we see price close above it, above $0.15, we would have a trendline breakout. This break would be a technical breakout which would see the stock potentially rise back up to the $0.19 resistance zone.

Furthermore, a break above this trendline would trigger a technical pattern:

I see a falling wedge pattern. Some would say it looks like a triangle pattern. Whatever you want to call this pattern, there are certain things we can agree upon. That the downtrend line is acting as important resistance as price rejects it. We can all agree that a break above this trendline would trigger an upside move.

With the stock coiling in this pattern for months, the breakout is sure to release all this pent up energy.

Have AMPD Ventures near the top of your watchlist. A break of this pattern could be triggered in coming days and weeks!

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Ottawa orders TikTok’s Canadian arm to be dissolved

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The federal government is ordering the dissolution of TikTok’s Canadian business after a national security review of the Chinese company behind the social media platform, but stopped short of ordering people to stay off the app.

Industry Minister François-Philippe Champagne announced the government’s “wind up” demand Wednesday, saying it is meant to address “risks” related to ByteDance Ltd.’s establishment of TikTok Technology Canada Inc.

“The decision was based on the information and evidence collected over the course of the review and on the advice of Canada’s security and intelligence community and other government partners,” he said in a statement.

The announcement added that the government is not blocking Canadians’ access to the TikTok application or their ability to create content.

However, it urged people to “adopt good cybersecurity practices and assess the possible risks of using social media platforms and applications, including how their information is likely to be protected, managed, used and shared by foreign actors, as well as to be aware of which country’s laws apply.”

Champagne’s office did not immediately respond to a request for comment seeking details about what evidence led to the government’s dissolution demand, how long ByteDance has to comply and why the app is not being banned.

A TikTok spokesperson said in a statement that the shutdown of its Canadian offices will mean the loss of hundreds of well-paying local jobs.

“We will challenge this order in court,” the spokesperson said.

“The TikTok platform will remain available for creators to find an audience, explore new interests and for businesses to thrive.”

The federal Liberals ordered a national security review of TikTok in September 2023, but it was not public knowledge until The Canadian Press reported in March that it was investigating the company.

At the time, it said the review was based on the expansion of a business, which it said constituted the establishment of a new Canadian entity. It declined to provide any further details about what expansion it was reviewing.

A government database showed a notification of new business from TikTok in June 2023. It said Network Sense Ventures Ltd. in Toronto and Vancouver would engage in “marketing, advertising, and content/creator development activities in relation to the use of the TikTok app in Canada.”

Even before the review, ByteDance and TikTok were lightning rod for privacy and safety concerns because Chinese national security laws compel organizations in the country to assist with intelligence gathering.

Such concerns led the U.S. House of Representatives to pass a bill in March designed to ban TikTok unless its China-based owner sells its stake in the business.

Champagne’s office has maintained Canada’s review was not related to the U.S. bill, which has yet to pass.

Canada’s review was carried out through the Investment Canada Act, which allows the government to investigate any foreign investment with potential to might harm national security.

While cabinet can make investors sell parts of the business or shares, Champagne has said the act doesn’t allow him to disclose details of the review.

Wednesday’s dissolution order was made in accordance with the act.

The federal government banned TikTok from its mobile devices in February 2023 following the launch of an investigation into the company by federal and provincial privacy commissioners.

— With files from Anja Karadeglija in Ottawa

This report by The Canadian Press was first published Nov. 6, 2024.

The Canadian Press. All rights reserved.

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Here is how to prepare your online accounts for when you die

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LONDON (AP) — Most people have accumulated a pile of data — selfies, emails, videos and more — on their social media and digital accounts over their lifetimes. What happens to it when we die?

It’s wise to draft a will spelling out who inherits your physical assets after you’re gone, but don’t forget to take care of your digital estate too. Friends and family might treasure files and posts you’ve left behind, but they could get lost in digital purgatory after you pass away unless you take some simple steps.

Here’s how you can prepare your digital life for your survivors:

Apple

The iPhone maker lets you nominate a “ legacy contact ” who can access your Apple account’s data after you die. The company says it’s a secure way to give trusted people access to photos, files and messages. To set it up you’ll need an Apple device with a fairly recent operating system — iPhones and iPads need iOS or iPadOS 15.2 and MacBooks needs macOS Monterey 12.1.

For iPhones, go to settings, tap Sign-in & Security and then Legacy Contact. You can name one or more people, and they don’t need an Apple ID or device.

You’ll have to share an access key with your contact. It can be a digital version sent electronically, or you can print a copy or save it as a screenshot or PDF.

Take note that there are some types of files you won’t be able to pass on — including digital rights-protected music, movies and passwords stored in Apple’s password manager. Legacy contacts can only access a deceased user’s account for three years before Apple deletes the account.

Google

Google takes a different approach with its Inactive Account Manager, which allows you to share your data with someone if it notices that you’ve stopped using your account.

When setting it up, you need to decide how long Google should wait — from three to 18 months — before considering your account inactive. Once that time is up, Google can notify up to 10 people.

You can write a message informing them you’ve stopped using the account, and, optionally, include a link to download your data. You can choose what types of data they can access — including emails, photos, calendar entries and YouTube videos.

There’s also an option to automatically delete your account after three months of inactivity, so your contacts will have to download any data before that deadline.

Facebook and Instagram

Some social media platforms can preserve accounts for people who have died so that friends and family can honor their memories.

When users of Facebook or Instagram die, parent company Meta says it can memorialize the account if it gets a “valid request” from a friend or family member. Requests can be submitted through an online form.

The social media company strongly recommends Facebook users add a legacy contact to look after their memorial accounts. Legacy contacts can do things like respond to new friend requests and update pinned posts, but they can’t read private messages or remove or alter previous posts. You can only choose one person, who also has to have a Facebook account.

You can also ask Facebook or Instagram to delete a deceased user’s account if you’re a close family member or an executor. You’ll need to send in documents like a death certificate.

TikTok

The video-sharing platform says that if a user has died, people can submit a request to memorialize the account through the settings menu. Go to the Report a Problem section, then Account and profile, then Manage account, where you can report a deceased user.

Once an account has been memorialized, it will be labeled “Remembering.” No one will be able to log into the account, which prevents anyone from editing the profile or using the account to post new content or send messages.

X

It’s not possible to nominate a legacy contact on Elon Musk’s social media site. But family members or an authorized person can submit a request to deactivate a deceased user’s account.

Passwords

Besides the major online services, you’ll probably have dozens if not hundreds of other digital accounts that your survivors might need to access. You could just write all your login credentials down in a notebook and put it somewhere safe. But making a physical copy presents its own vulnerabilities. What if you lose track of it? What if someone finds it?

Instead, consider a password manager that has an emergency access feature. Password managers are digital vaults that you can use to store all your credentials. Some, like Keeper,Bitwarden and NordPass, allow users to nominate one or more trusted contacts who can access their keys in case of an emergency such as a death.

But there are a few catches: Those contacts also need to use the same password manager and you might have to pay for the service.

___

Is there a tech challenge you need help figuring out? Write to us at onetechtip@ap.org with your questions.

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Google’s partnership with AI startup Anthropic faces a UK competition investigation

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LONDON (AP) — Britain’s competition watchdog said Thursday it’s opening a formal investigation into Google’s partnership with artificial intelligence startup Anthropic.

The Competition and Markets Authority said it has “sufficient information” to launch an initial probe after it sought input earlier this year on whether the deal would stifle competition.

The CMA has until Dec. 19 to decide whether to approve the deal or escalate its investigation.

“Google is committed to building the most open and innovative AI ecosystem in the world,” the company said. “Anthropic is free to use multiple cloud providers and does, and we don’t demand exclusive tech rights.”

San Francisco-based Anthropic was founded in 2021 by siblings Dario and Daniela Amodei, who previously worked at ChatGPT maker OpenAI. The company has focused on increasing the safety and reliability of AI models. Google reportedly agreed last year to make a multibillion-dollar investment in Anthropic, which has a popular chatbot named Claude.

Anthropic said it’s cooperating with the regulator and will provide “the complete picture about Google’s investment and our commercial collaboration.”

“We are an independent company and none of our strategic partnerships or investor relationships diminish the independence of our corporate governance or our freedom to partner with others,” it said in a statement.

The U.K. regulator has been scrutinizing a raft of AI deals as investment money floods into the industry to capitalize on the artificial intelligence boom. Last month it cleared Anthropic’s $4 billion deal with Amazon and it has also signed off on Microsoft’s deals with two other AI startups, Inflection and Mistral.

The Canadian Press. All rights reserved.

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