ISLAMABAD: The Priv­atisation Commission’s board on Wednesday rejected a Rs10 billion bid submitted by the sole bidder for the divestment of 60 per cent shares in Pakistan International Airlines Corpo­ration Limited (PIACL), the privatisation ministry said in a statement.

The board decided to refer the issue of PIA’s privatisation to the Cabinet Committee on Privati­sation for further consideration.

Last month, the final bidding process for the privatisation of PIA attracted just one bid of Rs10bn for a 60pc stake in the national flag carrier.

Only real-estate development company Blue World City participated in the bidding process, placing a bid that was below the government-set minimum price of Rs85bn.

PC Board seeks improved offers for state-owned entities

The government had prequalified six groups in June, but only Blue World City participated in the final bidding process. Due to the huge difference between the expected and actual bids, the commission gave the consortium more time to reconsider its bid. However, Blue World City consortium chairman Saad Nazir kept the price unchanged.

On Wednesday, in a meeting chaired by Privatisation Mini­ster Abdul Aleem Khan, the board discussed advancing privatisation efforts for state-owned entities, including PIA and stressed the need to attract stronger bids in future transactions.

Mr Khan directed that the privatisation process should be carried forward without delay and underscored the importance of securing better offers for upcoming bids.

The board explored various options to expedite PIA’s divestment and reviewed the status of other ongoing privatisation transactions.

Mr Khan said that the framework given by the caretaker government for PIA’s privatisation was taken forward, but “now we have to keep in mind the concerns of the institutions involved in the privatisation”. He emphasised that “we have to learn from the privatisation process of PIA and have to be more active in future”.

The board decided to form a three-member committee to participate in the process of privatisation by members of the board. The meeting was briefed on various issues of privatisation and expressed satisfaction with the development so far.

During the meeting, various proposals were presented for PIA and the process of privatisation, and views were expressed on various issues and important decisions were taken. The minister extended the opportunity to all the Privatisation Comm­ission’s board members and heard their suggestions. Impor­tant issues related to the privatisation of other projects were also discussed.

“The privatisation issues will be completed in accordance with the laws and regulations and keeping in view the national interest before us because the final decision on the issues of privatisation of PIA and other institutions has to be taken by the cabinet committee,” Mr Khan said, according to the ministry’s statement.

In his briefing, the secretary of the Privatisation Commission noted that several international airlines, including Turkish Air­lines and Singapore Airlines, had expressed interest in PIA’s privatisation.

Published in Dawn, November 14th, 2024

AFTER Pakistan floated the idea of ‘climate diplomacy’ to tackle cross-border pollution in light of smog which has engulfed vast tracts of India and Pakistan, a US official indicated on the sidelines of COP29 that the White House may throw its weight behind any initiative taken in this regard.

Last month, Punjab Chief Minister Maryam Nawaz expressed her government’s intention to approach India to jointly counter the air pollution, which mostly comes from vehicular and industrial emissions, and is exacerbated in winter due to stubble burning.

Talking to Dawn on the sidelines of COP29 in Baku, Ali Zaidi — national climate adviser to the Biden administration — said the US was “100 per cent supportive” of partnership-based approaches to tackle problems that cannot be solved in isolation.

“In the US, we have this thing called the ‘good neighbour rule’, which governs smog. It actually was developed when we witnessed exactly this phenomenon in the US. So you know when it comes to cross-border pollution and cross-border issues, we are 100pc suportive of partnership-based approaches to tackle problems that cannot be solved on their own,” he said in response to a question about smog, which has made life unbearable for millions in Pakistan.

The White House official said the US was already active in the Hindu Kush — often referred to as ‘The Third Pole’ for housing the most glaciers in the world outside the polar regions — to better coordinate the mitigation response, because environmental impacts from glaciers do not isolate themselves to one jurisdiction.

“I think the regional solutions are a necessary complement to this sort of multilateral dialogue,” he said, referring to the COP summit.

The adviser said regional cooperation among relevant parties to address climate change would have more impact than putting “another ornament on a 1,000-page document (COP)”.

In response to a question about the failure of the world to help Pakistan after the 2022 floods caused damages to the tune of $30 billion, he said the global community needed to reinvent its approach to rebuilding from disasters, particularly by investing in pre-disaster mitigation.

According to the White House official, the US took a really long time to reengineer its thinking domestically in terms of building resilience into the recovery.

He favoured approaches that ran “consistent with the financial position” of states that needed to do rebuilding, saying there was a need to mobilise more countries to move more capital to help with adaptation and mitigation in these vulnerable countries.

In response to a question about the loan-laden climate finance framework, he said, “If you are targeting projects that have very clear cash flow and a strong counterparty then debt works just fine.”

He agreed some concessionary capital did need to come in depending on the technological aspect, the richness of the resources and the maturity of the market, while referring to India’s solar projects.

Vulnerable areas need significant grant-based aid, but there is still a need to figure out how to monetise risk reduction associated with adaptation finance and that’s why it was difficult to do. These places are going to soak up more grant-based finance, he said.

Speaking about the Trump-led US administration all set to take over from the Biden administration, he appeared optimistic, saying the states in the US will figure out how to provide the policy support even if the federal government stopped being part of it. About the US, he said it should remain part of the dialogue and be the author of the roadmap that will govern the contours of climate finance for decades to come.

Produced as part of the 2024 Climate Change Media Partnership, a journalism fellowship organised by Internews’ Earth Journalism Network and the Stanley Centre for Peace and Security.

Published in Dawn, November 14th, 2024

ADB has a vacancy for the position of Associate Project Analyst in the Sectors Group. The deadline for submitting applications is on 27-NOV-2024.

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Nvidia, Oracle, Google, Dell and 13 other companies reported how long it takes their computers to train the key neural networks in use today. Among those results were the first glimpse of Nvidia’s next generation GPU, the B200, and Google’s upcoming accelerator, called Trillium. The B200 posted a doubling of performance on some tests versus today’s workhorse Nvidia chip, the H100. And Trillium delivered nearly a four-fold boost over the chip Google tested in 2023.

The benchmark tests, called MLPerf v4.1, consist of six tasks: recommendation, the pre-training of the large language models (LLM) GPT-3 and BERT-large, the fine tuning of the Llama 2 70B large language model, object detection, graph node classification, and image generation.

Training GPT-3 is such a mammoth task that it’d be impractical to do the whole thing just to deliver a benchmark. Instead, the test is to train it to a point that experts have determined means it is likely to reach the goal if you kept going. For Llama 2 70B, the goal is not to train the LLM from scratch, but to take an already trained model and fine-tune it so it’s specialized in a particular expertise—in this case, government documents. Graph node classification is a type of machine learning used in fraud detection and drug discovery.

As what’s important in AI has evolved, mostly toward using generative AI, the set of tests has changed. This latest version of MLPerf marks a complete changeover in what’s being tested since the benchmark effort began. “At this point all of the original benchmarks have been phased out,” says David Kanter, who leads the benchmark effort at MLCommons. In the previous round it was taking mere seconds to perform some of the benchmarks.

Performance of the best machine learning systems on various benchmarks has outpaced what would be expected if gains were solely from Moore’s Law [blue line]. Solid line represent current benchmarks. Dashed lines represent benchmarks that have now been retired, because they are no longer industrially relevant.MLCommons

According to MLPerf’s calculations, AI training on the new suite of benchmarks is improving at about twice the rate one would expect from Moore’s Law. As the years have gone on, results have plateaued more quickly than they did at the start of MLPerf’s reign. Kanter attributes this mostly to the fact that companies have figured out how to do the benchmark tests on very large systems. Over time, Nvidia, Google, and others have developed software and network technology that allows for near linear scaling—doubling the processors cuts training time roughly in half.

First Nvidia Blackwell training results

This round marked the first training tests for Nvidia’s next GPU architecture, called Blackwell. For the GPT-3 training and LLM fine-tuning, the Blackwell (B200) roughly doubled the performance of the H100 on a per-GPU basis. The gains were a little less robust but still substantial for recommender systems and image generation—64 percent and 62 percent, respectively.

The Blackwell architecture, embodied in the Nvidia B200 GPU, continues an ongoing trend toward using less and less precise numbers to speed up AI. For certain parts of transformer neural networks such as ChatGPT, Llama2, and Stable Diffusion, the Nvidia H100 and H200 use 8-bit floating point numbers. The B200 brings that down to just 4 bits.

Google debuts 6th gen hardware

Google showed the first results for its 6^th generation of TPU, called Trillium—which it unveiled only last month—and a second round of results for its 5^th generation variant, the Cloud TPU v5p. In the 2023 edition, the search giant entered a different variant of the 5^th generation TPU, v5e, designed more for efficiency than performance. Versus the latter, Trillium delivers as much as a 3.8-fold performance boost on the GPT-3 training task.

But versus everyone’s arch-rival Nvidia, things weren’t as rosy. A system made up of 6,144 TPU v5ps reached the GPT-3 training checkpoint in 11.77 minutes, placing a distant second to an 11,616-Nvidia H100 system, which accomplished the task in about 3.44 minutes. That top TPU system was only about 25 seconds faster than an H100 computer half its size.

A Dell Technologies computer fine-tuned the Llama 2 70B large language model using about 75 cents worth of electricity.

In the closest head-to-head comparison between v5p and Trillium, with each system made up of 2048 TPUs, the upcoming Trillium shaved a solid 2 minutes off of the GPT-3 training time, nearly an 8 percent improvement on v5p’s 29.6 minutes. Another difference between the Trillium and v5p entries is that Trillium is paired with AMD Epyc CPUs instead of the v5p’s Intel Xeons.

Google also trained the image generator, Stable Diffusion, with the Cloud TPU v5p. At 2.6 billion parameters, Stable Diffusion is a light enough lift that MLPerf contestants are asked to train it to convergence instead of just to a checkpoint, as with GPT-3. A 1024 TPU system ranked second, finishing the job in 2 minutes 26 seconds, about a minute behind the same size system made up of Nvidia H100s.

Training power is still opaque

The steep energy cost of training neural networks has long been a source of concern. MLPerf is only beginning to measure this. Dell Technologies was the sole entrant in the energy category, with an eight-server system containing 64 Nvidia H100 GPUs and 16 Intel Xeon Platinum CPUs. The only measurement made was in the LLM fine-tuning task (Llama2 70B). The system consumed 16.4 megajoules during its 5-minute run, for an average power of 5.4 kilowatts. That means about 75 cents of electricity at the average cost in the United States.

While it doesn’t say much on its own, the result does potentially provide a ballpark for the power consumption of similar systems. Oracle, for example, reported a close performance result—4 minutes 45 seconds—using the same number and types of CPUs and GPUs.

The Department of Government Efficiency (DOGE) went live on X Wednesday, giving the public a way to question and see how tax dollars are being spent.

A Democratic elected official was arrested in Chicago after allegedly causing a three-car pileup and making inappropriate comments about the arresting officer’s penis.

Republican Rep. Ken Calvert won re-election to the U.S. House in California's 41st Congressional District.

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House Speaker Mike Johnson announced that Rep. Matt Gaetz, who was tapped by President-elect Donald Trump to run the Justice Department, issued his resignation letter on Wednesday.

The Chicago Bears fired offensive coordinator Shane Waldron, and, according to a new report, some veterans want Caleb Williams benched.

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Georgia coach Kirby Smart had lots of praise for backup safety Jake Pope on Tuesday, just days after he criticized the player for appearing to celebrate with fans from the opposing team.

The Brazilian Supreme Court was evacuated Wednesday following two explosions in its vicinity, stoking security concerns in the G20's leadup.

ESPN NBA writer Brian Windhorst criticized the Los Angeles Lakers' plan for Bronny James, who won't be heading on the road with the G League South Bay Lakers.

A Milanese mural of Italy's most prominent Holocaust survivors was defaced, scratching out both their faces and the stars of David on their striped prison uniforms.

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The coroner’s inquest into the deaths of five men at the Niagara Detention Centre ended with the jury making 66 recommendations aimed at preventing future deaths. Changes include staffing nurses all day and more closely monitoring patients who have overdosed.

Five players accused of sexually assaulting a woman after a London, Ont., gala celebrating their 2018 world junior hockey win will now stand trial beginning in April 2025, a judge ruled Tuesday.

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Live bidding will be private, and the future owner of Jones' company will be public once court papers are filed. The proceeds will go to pay Sandy Hook families who won defamation cases against Jones.

The experience provides a three-hour adventure where guests can explore the Colosseum after hours, beginning with a ceremonial welcome before delving into the ancient structure’s underground chambers

Diabetes: Don’t blame it on your genes  Ahmedabad MirrorView Full coverage on Google News

1. 800 million diabetics worldwide and most aren't getting treatment, finds study  The Times of India
2. India has the highest number of diabetic people in the world, even more than China: Report  The Economic Times
3. Indians account for quarter of world’s adult diabetes patients: Lancet study  Hindustan Times
4. Why have diabetes rates doubled over the past 30 years – and what can be done about it?  The Guardian
5. One-fourth of people living with diabetes globally are in India, study estimates  The Hindu

1. 'Australia, we have arrived!': Team India announces as Border-Gavaskar Trophy prep in full swing  The Times of India
2. Watch: Virat, Bumrah and others grind hard in Perth ahead of 1st Test vs Australia  India Today
3. 'Australia, We Have Arrived': After Claims Of Secrecy, India Release Video Of Training Session And Send Mes  News18
4. Black veil of secrecy: India begin training in privacy in Perth  ESPNcricinfo
5. 'Practice Session Open To All': BCCI Refutes Aussie Media's Reports Of Closed Door Sessions  Times Now

1. ‘Cricket at crossroads. Keep egos in check…’: Afridi attacks India without taking names for Champions Trophy row  Hindustan Times
2. Should Men In Blue play in Pakistan?  The Times of India
3. Champions Trophy 2025: ‘Not BCCI’s Issue, It Is…’ – Former PCB Chairman Najam Sethi Makes Controversial Claim  News24
4. "Countries Once Divided...": Shahid Afridi's Big Appeal To BCCI Amid Champions Trophy Row  NDTV Sports
5. ‘ICC should snatch hosting rights from India and Pakistan for 8 years’: Rashid Latif to HT on Champions Trophy muddle  Hindustan Times

1. Horoscope 14th November, 2024: Check astrological prediction for Virgo, Sagittarius and other signs  The Indian Express
2. Horoscope Today: November 14, 2024  VOGUE India
3. Love and Relationship Horoscope for November 14, 2024  Hindustan Times
4. Horoscope Today, November 14, 2024: Read your today's astrological predictions  The Times of India
5. Aries Daily Horoscope Today (Mar 21 – April 19), November 14, 2024: Relationships will be comfortable!  India Today

1. LG launches three new XBOOM Series speakers in India: Check price, details  Business Standard
2. LG launches three XBOOM series speakers: Price, features and more  The Times of India
3. LG launches XBOOM speaker series, headlined by the 1000W XL9T: Price and features  The Indian Express
4. LG XBOOM XL9T, XO2T and GO XG2T portable Bluetooth speakers launched in India  FoneArena
5. LG unveils XBOOM series speakers in India, from rugged to stylish; see price and features  Business Today

1. iPhone SE 4 is expected to launch in March 2025, according to the latest report  India TV News
2. iPhone SE 4 leaks: 7 big upgrades  India Today
3. iPhone SE 4 launching in 2025: Refreshed design, powerful specs—minus the premium price  Mint
4. Apple iPhone SE 4 to launch next year, likely to become the cheapest iPhone to support Apple Intelligence...  Moneycontrol
5. iPhone SE 4 Camera Production to Begin Soon Ahead of Anticipated Debut in March 2025: Report  Gadgets 360

1. Sri Lanka parliamentary elections 2024: What’s at stake?  Al Jazeera English
2. Sri Lanka to hold key parliamentary vote on November 14  The Hindu
3. Snap Sri Lankan election poses test for new leader  BBC.com
4. Sri Lanka Heads For Snap Elections Today, Results Likely On Friday  NDTV
5. Sri Lanka's newly-elected parliament to convene next week  Deccan Herald

1. Rajasthan Congress rebel Naresh Meena ‘slaps’ local SDM during bypolls  The Indian Express
2. Rajasthan bypolls: SDM assaulted, stones pelted, vehicles torched in Tonk; 60 arrested  Hindustan Times
3. SDM slap row: 10 cops hurt in stone-pelting in post-poll violence in Rajasthan's Samravata village  The Times of India
4. Video: Rajasthan Official Slapped By Independent Candidate Outside Booth  NDTV
5. India News Today Live Updates: Tonk violence: 60 arrested after Naresh Meena ‘slaps’ SDM, stones pelted at cops; candidate warns 'would've beaten him…'  Mint

1. SC bans ‘bulldozer justice’, calls it unconstitutional, drafts norms  The Times of India
2. Poetry To UK Precedent: What Went Into Landmark 'Bulldozer Justice' Verdict  NDTV
3. Right To Shelter A Facet Of Article 21; State Must Satisfy Why Entire Property Needs To Be Demolished :...  Live Law - Indian Legal News
4. Supreme Court verdict on bulldozer demolitions: Jamiat hails verdict, victims seek compensation  The Hindu
5. SC lays down path, timeline that bulldozers must follow  The Times of India

Throughout her decades-long career, Goldberg has become one of the few entertainers to achieve EGOT status

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North Korea and Russia each ratified a mutual defense treaty within days of each other. The pact means the countries will defend one another if attacked. And some say it may mean more involvement by North Korea in the war between Russia and Ukraine. We hear about the ramifications from our correspondent in Seoul.

Rivian is teaming up with Volkswagen in a $5.8 billion joint venture for EV innovation on its R2 model, which the company says will eventually be manufactured in Georgia.

A spokesperson said the company's move was "part of our efforts to align resources with our long-term strategic goals."

For Canadian men's soccer goalkeeper Maxime Crépeau, it's all about winning the small contest in front of you, and accumulate enough of those wins in succession, and greatness will follow.