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New York Post
18 hours ago
- Business
- New York Post
Proposed Coney Island casino would create year-round ‘traffic hell,' advisor says
A proposed casino in Coney Island will bring year-round 'traffic hell' to Brooklyn's beachy neighborhood, according to one of the six members of the state community advisory council who will vote on whether to approve it. 'It's not just going to be the summer of hell. It will be traffic hell all year round, and garbage hell, noise hell, crime hell,' Marissa Solomon, an appointee of Assemblyman Alec Brook-Krasny, told The Post. The bid will be rejected if it is not approved by four of the six CAC members next month. 5 This image rendering from FX Collaborative and Neoscape, Inc. shows the proposed casino 'The Coney', in the Coney Island section of the Brooklyn borough of New York. AP 'You're going to replace a piece of American history to build another casino? It makes no sense for the people who live here,' said Solomon, a Coney Island resident. The glitzy $3 billion Coney casino plan along Surf Avenue from West 12th to West 15th streets includes a 500-room hotel, a convention center and a concert venue. The project is contingent on securing one of three casino licenses the state plans to award in and around New York City by the end of this year, with the neighborhood CAC the initial review. The Coney bid is a partnership that includes Thor Equities, Chickasaw Nation's Global Gaming Solutions, Saratoga Casino Holdings and Legends Hospitality Group, which is part-owned by the Yankees. 5 Marissa Solomon said that the casino would cause 'traffic hell.' Paul Martinka Solomon gave the Coney bidder's environment-traffic study plan a withering reception at a July 30 CAC meeting. She read directly from the bidder's traffic report included in the environmental impact statement that cited severe traffic impacts at numerous locations, including 15th Street, Surface Avenue and Stillwell Avenue. The plan envisions 1,500 on-site parking spots, but admits up to 912 more parking space would be needed off-site — even during the off-season 5 Casino protestors during the 2025 Coney Island Mermaid Parade on Saturday, June 21, 2025 in Brooklyn, NY. Michael Nagle 'Your own transportation study said there would be significant adverse impacts at multiple intersections… and your only mitigation is two new lights and some new stripes? Really?' she asked. 'Is that going to be able to handle what your own report says is a complete breakdown in traffic?' The bidders seemed to be caught off guard by Solomon's critique. But a rep for the Coney, contacted by The Post, insisted the casino complex will spur use of mass transit and not create endless traffic jams. 5 The Coney Island casino plan is expected to cost roughly $3 billion. AP 'The Coney will make massive once in a lifetime improvements to Coney Island's transit accessibility after decades of neglect by adopting and improving the Stillwell Ave subway station, easing traffic flow through rerouting streets, aligning traffic lights, hiring traffic cops and funding infrastructure investments like a new ferry,' said Coney's Robert Cornegy, the former Brooklyn councilman. 'In addition, we're also going to offer discounted or complimentary round-trip subway fares for guests and employees and partner with the MTA to provide express subway service directly from Manhattan to Coney Island — all things that will help get people out of cars while also helping improve Coney Island.' It's an open question whether higher-roller gamblers would take the subway rather than drive to a casino, gaming insiders said. 5 An attendee holds a 'No Casino' flyer as they watch as people in a variety of colorful costumes participate in the 43rd annual Mermaid Parade at Coney Island on June 21, 2025 in New York City. Getty Images The Coney bid is really rolling the dice given the strong community opposition, including from Luna Park Amusement and Community Board 13. 'Casinos are not engines of sustainable development—they are predatory institutions that exploit financial vulnerability, depress surrounding businesses, and increase social burdens such as crime, addiction, and poverty. Coney Island deserves investment in education, healthcare, and small business support—not a casino that siphons wealth from the community under the guise of economic development,' an anti-casino petition promoted on the Luna Park website says. 'The future of Coney Island should be shaped by its residents, not dictated by corporate developers behind closed doors.' The six members on the CAC include reps for Gov. Kathy Hochul and Mayor Eric Adams, Brooklyn Borough President Antonio Reynoso, state Sen. Jessica Scarcella-Spanton and Councilman Justin Brannan. If it is approved by the CAC, the Coney bid would then be evaluated by the New York Gaming Facility Location Board, which will recommend up to three casino licenses. The state Gaming Commission will then make the final decision on licensing for bidders who make the final cut.
Business Upturn
4 days ago
- Business
- Business Upturn
Calcium Aluminate Cement Market Size Will Attain USD 2147.28 Million by 2032 Growing at 5.28% CAGR – Exclusive Report by Zion Market Research
By GlobeNewswire Published on August 7, 2025, 23:07 IST NEW YORK, USA, Aug. 07, 2025 (GLOBE NEWSWIRE) — Zion Market Research has published a new research report titled 'Calcium Aluminate Cement Market By Product Type (CAC 40, CAC 50, CAC 60, CAC 70, CAC 80, and Others), By end-use industry (construction, oil and gas, refractory, water and wastewater treatment, and others), and By Region: Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 – 2034' in its research database. 'According to the latest research study, the global calcium aluminate cement market size was valued at around USD 1283.6 million in 2024. The market is expected to grow at a CAGR of 5.28% and is anticipated to reach a value of USD 2147.28 million by 2032.' Get a Free Sample PDF of this Research Report for more Insights – (A free sample of this report is available upon request; please get in touch with us for more information.) Calcium Aluminate Cement Market Overview: Calcium Aluminate Cement (CAC) is a high-temperature cement made from a mixture of limestone and alumina. It is utilized in specialty cement applications that require resistance to high temperatures, moderate acids and alkalis, sulphates, and water. It is also utilized when immediate strengthening is desired. In contrast to calcium aluminate cement, Portland cement is made by the interaction of lime and clay. Portland cement hardens faster but takes longer to reach the strength of hardened calcium aluminate cement. Both calcium aluminate cement and Portland cement must be activated with water and have comparable application processes. Report Scope: Report Attribute Report Details Market Size in 2024 USD 1283.6 Million Market Forecast in 2032 USD 2147.28 Million Growth Rate CAGR of 5.28% Base Year 2024 Forecast Years 2025- 2032 Key Companies Covered RWC, Denka Company Limited, ABC Supply Co., Inc., Almatis GmbH, Calucem GmbH, Henan Suntek International Co., Ltd, Zhengzhou Dengfeng Smelting Materials Co., Ltd, CUMI Inc., Union Cement Company, Cementos Molins, S.A., and others. Segments Covered By Product Type, By End Use Industry, and By Region Regions Covered North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa Customization Scope Avail customized purchase options to meet your exact research needs. Directly Purchase a Copy of the Report | Quick Delivery Available – Key Insights from Primary Research As per the analysis, the calcium aluminate cement market share is likely to grow at a CAGR of around 5.28% between 2025 and 2032. between 2025 and 2032. The calcium aluminate cement market size was worth around US$ 1283.6 million in 2024 and is estimated to hit approximately US$ 2147.28 million by 2032 . Due to a variety of driving factors, the market is predicted to rise at a significant rate. and is estimated to hit approximately . Due to a variety of driving factors, the market is predicted to rise at a significant rate. Based on product type, the CAC 40 segment is expected to lead the global market. On the basis of end-use industry, the water and wastewater treatment segment is growing at a high rate and will continue to dominate the global market. Based on region, North America is predicted to dominate the global market during the forecast period. Calcium Aluminate Cement Market: Dynamics The increased use of monolithic refractories to replace traditional refractories will drive CAC consumption. CAC is primarily utilized in monolithic refractory products with improved characteristics and a variety of installation technologies, including ultra-low cement, low cement, high-density, low moisture, pumpable, self-flowing, and shotcrete (formless) castables. Moreover, product utilization will be influenced positively by an optimistic outlook for the global building and infrastructure industry. CAC is primarily used in building chemistry for self-leveling toppings, sealers, non-shrink grouts, repair mortars, bedding mortars, and other applications. Government initiatives, fast urbanization, public and private investments, and a rising population are among the key contributors to the global construction industry's expansion and will increase CAC consumption for building chemistry in the coming years. However, the chloride chemical attack, resulting in surface softening, acts as a major challenge for the global calcium aluminate cement market growth over the forecast period. Browse the full 'Calcium Aluminate Cement Market By Product Type (CAC 40, CAC 50, CAC 60, CAC 70, CAC 80, and Others), By end-use industry (construction, oil and gas, refractory, water and wastewater treatment, and others), and By Region: Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 – 2034' Report at Calcium Aluminate Cement Market: Segmentation The global calcium aluminate cement market is segmented based on product type, end-use industry, and region. Based on the type, the calcium aluminate cement industry is bifurcated into CAC 40, CAC 50, CAC 60, CAC 70, CAC 80, and Others. The CAC 40 segment accounted for the largest revenue share in 2024 and is expected to continue the same pattern during the forecast period. The growth in the segment is attributable to its versatility and inexpensive cost in the refractory and building industries. In the refractory industry, CAC 40 is used to make low-duty refractory concretes. Based on the end-use industry, the global calcium aluminate cement market is categorized into construction, oil and gas, refractory, water and wastewater treatment, and others. The water and wastewater treatment segment is projected to hold the largest market share over the forecast period. The growth in the segment is owing to the use of calcium aluminate cement in the water treatment procedure due to its exceptional characteristics. On the other hand, the building chemistry segment is expected to grow at the highest CAGR over the forecast period. Why is North America outperforming other regions in the global calcium aluminate cement market? North America is expected to dominate the global calcium aluminate cement market over the forecast period. The growth in the region is owing to the rising refractory demand, increased cement production, and robust iron and steel growth. Furthermore, the region is experiencing rapid expansion in the commercial, residential, road, and home renovation sectors. On the other hand, the Asia Pacific is expected to grow at the highest CAGR during the forecast period owing to rapid urbanization and rising government initiatives for infrastructural developments. In addition, China and India are the two largest cement-producing countries, with China alone accounting for roughly half of the global cement output. Thus, driving the growth of the market in the region. Request For Customization on This Report as Per Your Requirements – (We tailor your report to meet your specific research requirements. Inquire with our sales team about customising your report.) Calcium Aluminate Cement Market: Competitive Landscape The report contains qualitative and quantitative research on the global calcium aluminate cement market, as well as detailed insights and development strategies employed by the leading competitors. Some of the main players in the global calcium aluminate cement market include; RWC Denka Company Limited. ABC Supply Co. Inc. Almatis GmbH Calucem GmbH Henan Suntek International Co Ltd Zhengzhou Dengfeng Smelting Materials Co., Ltd CUMI Inc. Union Cement Company Cementos Molins S.A. The global calcium aluminate cement market is segmented as follows: By Product Type CAC 40 CAC 50 CAC 60 CAC 70 CAC 80 Others By End Use Industry Construction Oil and Gas Refractory Water and Wastewater Treatment Others By Region North America Europe France The UK Spain Germany Italy Rest of Europe Asia Pacific China Japan India Southeast Asia Rest of Southeast Asia The Middle East & Africa GCC South Africa Rest of the Middle East & Africa Latin America Brazil Argentina Rest of Latin America Request Free Brochure of the Global calcium aluminate cement Market @ Key Questions Answered in This Report: What is calcium aluminate cement? Which key factors will influence calcium aluminate cement market growth over 2025-2032? What will be the value of the calcium aluminate cement market during 2025-2032? What will be the CAGR value of the calcium aluminate cement market during 2025-2032? Which region will contribute notably towards the calcium aluminate cement market value? Which are the major players leveraging the calcium aluminate cement market growth? What can be expected from the global calcium aluminate cement market report? Key Offerings: Full in-depth analysis of the parent market Important changes in market dynamics Segmentation details of the market Previous, on-going, and projected market analysis in terms of volume and value Assessment of niche industry developments Market share analysis Key strategies of major players Emerging segments and regional markets Testimonials to companies in order to fortify their foothold in the market Browse Other Related Research Reports from Zion Market Research Concrete Floor Coating Market By Product (Polyurethanes, Epoxy, And Polyaspartic), By Application (Outdoor And Indoor), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030 High Purity Magnesium Oxide Market By Product Type (Pharmaceutical Grade, Electronic Grade, And Industrial Grade), By Application (Rubber, Flame-Retardant, Food, Plastic, And Pharmaceutical), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030 Soft Gelatin Capsules (Softgels) Market By Application (Anti-Inflammatory Drugs, Antacid & Antiflatulent Preparations, Vitamins & Dietary Supplements, Health Supplements, Antianemic Preparations, Pregnancy, And Others), By Type (Non-Animal-Based And Gelatin/Animal-Based), By Manufacturers (Cosmeceutical Companies, Pharmaceutical Companies, Contract Manufacturing Organizations, And Nutraceutical Companies), And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030 Polymethyl Methacrylate (PMMA) Microspheres Market By Size (0 To 30 Microns, And Above 30 Microns), By Application (Signs & Displays, Cosmetic Additives, Paints & Ink Additives, Polymers & Films, And Other Applications), By End-User Industry (Lifesciences And Medical, Personal Care & Cosmetics, Paints & Coatings, Plastics, And Other End-User Industries) And By Region – Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030 Food Additives Market Size, Share, Growth Analysis Report By Product Type (Acidity Regulators, Emulsifiers, Flavoring Agents, Sweeteners, Preservatives, Colorants, and Hydrocolloids), By Source (Natural and Synthetic), By Application (Beverages, Convenience Foods, Bakery & Confectionery, Dairy & Frozen Desserts, Sauces & Dressings, and Spices & Condiments), and By Region – Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2023 – 2030 Confectionery Packaging Market Size, Share, Growth Analysis Report By Packaging Type (Flexible And Rigid packaging), By Material Type (Glass, Aluminum Foil, Metal, Paper & Paperboard, Plastic, And Others), By Confectionery Type (Chocolate, Sugar, Gums, And Others), And By Region – Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2023 – 2030 About Zion Market Research: Zion Market Research is a leading market research organization offering industry expertise and scrupulous consulting services to clients for their business development. The reports and services offered by Zion Market Research are used by prestigious academic institutions, start-ups, and companies globally to measure and understand the changing international and regional business backgrounds. Our client's/customer's conviction on our solutions and services has pushed us in delivering always the best. Our advanced research solutions have helped them in appropriate decision-making and guidance for strategies to expand their business. Contact Us: Zion Market Research USA/Canada Toll Free: 1 (855) 465-4651 | Newark: 1 (302) 444-0166 UK: +44 2032 894158 India: +91 7768 006 007 | +91 7768 006 008 Email: [email protected] | Web: Follow Us on – LinkedIn | X | Facebook | Pinterest | YouTube Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. 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South China Morning Post
6 days ago
- Business
- South China Morning Post
‘No kill switches and back doors': Nvidia reasserts security of its AI chips in blog post
Semiconductor giant Nvidia reasserted the security of its AI processors in a blog post on Tuesday, pointing out that inserting weaknesses into chips would 'undermine global digital infrastructure and fracture trust in US technology'. 'There are no back doors in Nvidia chips. No kill switches. No spyware,' the post said. 'That's not how trustworthy systems are built – and never will be.' According to the post written by Nvidia chief security officer David Reber Jnr, graphics processing units (GPUs) from the company, which has been designing chips for more than 30 years, are 'used across industries – from healthcare and finance to scientific research, autonomous systems and AI infrastructure'. 'Embedding back doors and kill switches into chips would be a gift to hackers and hostile actors,' the post said. 'Established law wisely requires companies to fix vulnerabilities – not create them.' Nvidia's blog post reiterated the company's strong denial of alleged security risks in its H20 GPUs, which prompted the Cyberspace Administration of China (CAC) last week to conduct an inquiry into the company. 'Nvidia does not have 'back doors' in our chips that would give anyone a remote way to access or control them,' a company representative said in an email to the South China Morning Post, a day after the CAC summoned the US firm to discuss its security concerns.
AllAfrica
05-08-2025
- Business
- AllAfrica
China fears Nvidia chips could track, trace and shut down its AIs
Beijing has asked Nvidia to explain whether its H20 artificial intelligence chips have backdoors that could allow the United States to position and remotely shut them down. Chinese pundits said similar probes could be extended to other American-made chips. The Cyberspace Administration of China (CAC) stated on July 31 that it summoned US tech giant Nvidia over security risks related to its H20 AI chip, which had been sold to China. 'Nvidia's AI chips have been alleged to pose serious security risks, and some US lawmakers have called for advanced chips exported abroad to be equipped with 'tracking and positioning' functions,' said the CAC. The CAC said in a press release that American AI experts have confirmed that the 'tracking and positioning' and 'remote shutdown' technologies of Nvidia chips have matured. It requested that Nvidia explain and submit relevant proof materials regarding this issue. On the same day, Nvidia said its chips do not contain backdoors that would allow anyone to access or remotely control them. It said cybersecurity is critically important to the company. Beijing's summoning of Nvidia came after Reuters reported on July 29 that Nvidia had placed orders for 300,000 H20 chipsets (worth about US$3.6 billion) with the Taiwan Semiconductor Manufacturing Company (TSMC) a week earlier. It also followed the trade talks between US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng in Sweden on July 28-29. In April, the US government stopped Nvidia from shipping its H20 products to China. When Republican US Senator Tom Cotton introduced the 'Chip Security Act' on May 9, the bill received little to no significant media attention at the time. The bill requires AI chips to be subject to export regulations and mandates that products containing these chips be equipped with location-tracking systems to aid in detecting diversion, smuggling or other unauthorized use. It received support from bipartisan lawmakers in the House of Representatives. 'As Congress's chip designer, AI programmer and PhD physicist, I know we have the technical tools to prevent powerful AI technology from getting into the wrong hands,' said Congressman Bill Foster. 'With advanced AI chips being smuggled into China and posing a national security risk, Congress must act.' Following meetings between US and Chinese officials in London on June 9, China agreed to resume shipments of rare earth minerals to the US. In return, the US agreed to allow Chinese firms to use its electronic design automation (EDA) software and resume the shipment of H20 chips and C919 flight engine parts to China. Some commentators said the strong demand for H20 from Chinese firms may hurt Huawei Technologies' Ascend AI chips' market share. Wang Xinxi, a columnist specializing in the technology, media and telecommunications (TMT) sector, says in an article that the Ascend 910B has already surpassed H20 in terms of computing power. He says Chinese technology firms still use the H20 only because of its higher bandwidth and software support on the CUDA platform. 'Although the US Congress has not yet passed the Chip Security Act, Nvidia may have already added location-tracking functions in its chips,' he writes. 'All Nvidia computing chips have private data areas where the data is encrypted, so it is technically possible to add a backdoor.' Citing Qihoo 360 Chairperson Zhou Hongyi's recent comments, Chen claims that malicious code can be implanted in a chip during the wafer manufacturing, packaging and testing processes. He says it's difficult for Chinese end-users to identify these unsafe products within the global supply chain, which involves numerous suppliers and distributors. 'If there is any security loophole, Chinese firms must stop using H20,' he adds. 'In the end, companies that use Chinese AI chips will win.' 'Imagine if such 'backdoor' probes were expanded to other major American chip manufacturers in China like Micron, Wall Street investors would quickly sell their semiconductor stocks,' Chen Kai, a Fujian-based writer, says in an article. 'The H20 under probes is a 'freak' from the beginning as it is the downgraded version of the H100,' he writes. 'The Trump administration thought China would thank the US for relaxing its chip export control, and it would easily obtain the Chinese rare earth. It did not expect Nvidia to face security probes.' In 2019, the US banned Huawei routers due to concerns about backdoors. The US Department of Commerce added Huawei to its Entity List in May 2019. In May, Nvidia's Chief Executive Jensen Huang said that tracking massive AI servers or accelerators weighing several tons should not be difficult. However, he said, finding the AI chips after they are sold is impossible. Joseph Hoefer, a Washington, D.C.-based government relations strategist focused on AI, said the intent behind the Chip Security Act is understandable, but its approach creates more problems than it solves. 'First, real-time location tracking of chips is simply not feasible at scale,' Hoefer said. 'Attempting to derive meaningful national security insights from hardware geolocation data would require vast infrastructure, reliable international cooperation, and intensive verification protocols. That level of control does not exist in today's global tech ecosystem.' Secondly, he said, any system tracking chip locations would become an immediate cybersecurity vulnerability. Lastly, he said the compliance burden would fall on responsible US chip makers, which would have to spend time and money implementing unproven tracking systems, navigating regulatory ambiguity, and reporting false positives. Some IT experts have said that, technically, Nvidia can utilize its ecosystem of software and tools, such as the Nvidia Management Library (NVML) and Data Center GPU Manager (DCGM), to identify the locations of its AI chips, each of which has a unique serial number. It would be similar to what Google does to track and manage its AI chips. Google has centralized inventory and asset management systems that track every component, including custom chips such as Tensor Processing Units (TPUs), from manufacturing to deployment. Google's datacenter orchestration and resource management (Borg) can track the real-time performance of every chip. Others argue that even if a chip management software can determine the location of a suspicious AI chip cluster, it will be too late, as it means Chinese firms have already obtained and deployed the chips. Alphabet's Google has already started tracking the location of its in-house AI chips and others in its vast network of data centers for security purposes, Reuters reported on May 6, citing two sources familiar with the matter. Read: Chinese worry Nvidia H20 chips are poisoned wine for AI industry
Yahoo
04-08-2025
- Business
- Yahoo
Nvidia Denies 'Backdoor' Allegations in China-Bound H20 AI Chips
Nvidia (NVDA, Financials) rejected claims from Chinese regulators that its China-specific H20 artificial intelligence chips contain backdoors or security vulnerabilities. The denial came after the Cyberspace Administration of China summoned company officials Thursday over potential national security risks. Warning! GuruFocus has detected 5 Warning Signs with NVDA. Washington in July cleared Nvidia to resume sales of the H20 chips to China, reversing an effective April export ban. Beijing has since sought supporting documentation on potential risks, including vulnerabilities, tracking functions, or remote shutdown capabilities. The CAC said U.S. lawmakers have called for mandatory tracking features in advanced chips and cited American experts who allege such technology already exists in Nvidia products. In May, a bipartisan group in Congress introduced the U.S. Chip Security Act, requiring location verification and security features in advanced semiconductors. Nvidia said Friday, Cybersecurity is critically important to us. NVIDIA does not have backdoors' in our chips that would give anyone a remote way to access or control them. The scrutiny poses another geopolitical challenge for CEO Jensen Huang, who is navigating U.S. semiconductor policy while seeking to protect Nvidia's China market. The company took a $4.5 billion writedown in May for unsold H20 inventory and estimated that prior-quarter sales would have been $2.5 billion higher without export curbs. Nvidia has since ordered 300,000 H20 units from contract manufacturer TSMC to meet Chinese demand. The chips sold in China account for a significant portion of the company's data center and AI business. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
