The US House and Senate are unlikely to pass federal legislation on the use of AI in business, so users should focus their attention on a new NIST framework in lieu of state-level law, according to Workday's veep for corporate affairs. Chandler Morse, a former chief of staff to Republican Senator Jeff Flake, told The Register that while the Republicans have won the House and the Senate, margins remained close in both, making the chances of passing federal legislation governing the use of AI during current presidential tenure unlikely. "In all honesty, I don't think anything's going to happen in the US, Congress or federal legislation, but what is happening is a tremendous amount of activity at the state level," the SaaS enterprise application vendor policy expert said. In September, California Governor Gavin Newsom vetoed Bill 1047, arguing it failed to take the right approach to ensuring or requiring AI safety. But he left the door open for the US state's lawmakers to propose a better bill for governing AI safety. An alternative California bill addressing automated decision making (AB 2930) is also currently inactive. Although Workday initially supported the bill, it later challenged the details on accountability for how users introduced products and withdrew its support, Morse said. Nonetheless, California was likely to "take another run at it," as would New York, while Connecticut and Colorado were also proposing legislation and Texas was "in the game," he said. In the meantime, businesses would be wise to look at the US National Institute of Standards and Technology AI Risk Management Framework, which it released in July. NIST developed a voluntary framework to "better manage risks to individuals, organizations, and society associated with AI." Since the EU has already introduced its AI Act , the NIST framework offers another set of standards to guide businesses looking to implement AI while legislation is developed, Morse said. "Everyone looks at Congress and says, 'You should do something.' We don't think Congress is going to act, and there should be something against which the US can harmonize with Europe. The quickest way we thought that could happen was to ask the NIST to do a framework. They had completed the Cyber Framework and had just finished the privacy framework. We actually got Congress to ask them to do it, and they are now the most advanced component [in US AI policy], although it is voluntary," he said. "We're probably, like, halfway through the first period. It's early days. We know where we want to go, but it's also unlikely that it gets there without engagement. We are actively asking everyone to have an opinion, and get engaged. Where this all lands is going to direct the where AI goes," he said. In November, Joel Meyer, Domino Data Lab public sector president and former Homeland Security strategic initiatives deputy assistant secretary, told The Register that while president-elect Donald Trump was likely to ditch much of the work done by the outgoing Biden administration around AI when he comes into office, the AI Safety Institute housed within NIST might survive. Meyer said while any of Biden's executive actions could be fair game for the Trump administration to scrap in the name of political point scoring, such established offices are unlikely to vanish entirely. ®BOSTON — Forty years ago, Heisman Trophy winner Doug Flutie rolled to his right and threw a pass that has become one of college football’s most iconic moments. With Boston College trailing defending champion Miami, Flutie threw the Hail Mary and found receiver Gerard Phalen, who made the grab while falling into the end zone behind a pair of defenders for a game-winning 48-yard TD. Flutie and many of his 1984 teammates were honored on the field during BC’s 41-21 victory over North Carolina before the second quarter on Saturday afternoon, the anniversary of the Eagles’ Miracle in Miami. “There’s no way its been 40 years,” Flutie told The Associated Press on the sideline a few minutes before he walked out with some of his former teammates to be recognized after a video of The Play was shown on the scoreboards. A statue commemorating Doug Flutie's famed "Hail Mary" pass during a game against Miami on Nov. 23, 1994, sits outside Alumni Stadium at Boston College. Famous football plays often attain a legendary status with religious names like the "Immaculate Reception," the "Hail Mary" pass and the Holy Roller fumble. It’s a moment and highlight that’s not only played throughout decades of BC students and fans, but around the college football world. “What is really so humbling is that the kids 40 years later are wearing 22 jerseys, still,” Flutie said of his old number. “That amazes me.” That game was played on national TV the Friday after Thanksgiving. The ironic thing is it was originally scheduled for earlier in the season before CBS paid Rutgers to move its game against Miami, thus setting up the BC-Miami post-holiday matchup. Boston College quarterback Doug Flutie rejoices in his brother Darren's arms after B.C. defeats Miami with a last second touchdown pass on Nov. 23, 1984, in Miami. “It shows you how random some things are, that the game was moved,” Flutie said. “The game got moved to the Friday after Thanksgiving, which was the most watched game of the year. We both end up being nationally ranked and up there. All those things lent to how big the game itself was, and made the pass and the catch that much more relevant and remembered because so many people were watching.” There’s a statue of Flutie winding up to make The Pass outside the north gates at Alumni Stadium. Fans and visitors can often be seen taking photos there. “In casual conversation, it comes up every day,” Flutie said, when asked how many times people bring it up. “It brings a smile to my face every time we talk about it.” A week after the game-ending Flutie pass, the Eagles beat Holy Cross and before he flew off to New York to accept the Heisman. They went on to win the 49th Cotton Bowl on New Year’s Day. Boston College quarterback Doug Flutie evades Miami defensive tackle Kevin Fagan during the first quarter of a game on Nov. 23, 1984, in Miami, Fla. “Forty years seem almost like incomprehensible,” said Phalen, also standing on the sideline a few minutes after the game started. “I always say to Doug: ‘Thank God for social media. It’s kept it alive for us.”’ Earlier this week, current BC coach Bill O’Brien, 55, was asked if he remembered where he was 40 years ago. “We were eating Thanksgiving leftovers in my family room,” he said. “My mom was saying a Rosary in the kitchen because she didn’t like Miami and wanted BC to win. My dad, my brother and I were watching the game. “It was unbelievable,” he said. “Everybody remembers where they were for the Hail Mary, Flutie pass.” Mike Tyson, left, slaps Jake Paul during a weigh-in ahead of their heavyweight bout, Thursday, Nov. 14, 2024, in Irving, Texas. (AP Photo/Julio Cortez) In this image taken with a slow shutter speed, Spain's tennis player Rafael Nadal serves during a training session at the Martin Carpena Sports Hall, in Malaga, southern Spain, on Friday, Nov. 15, 2024. (AP Photo/Manu Fernandez) A fan takes a picture of the moon prior to a qualifying soccer match for the FIFA World Cup 2026 between Uruguay and Colombia in Montevideo, Uruguay, Friday, Nov. 15, 2024. (AP Photo/Santiago Mazzarovich) Taylor Fritz of the United States reacts during the final match of the ATP World Tour Finals against Italy's Jannik Sinner at the Inalpi Arena, in Turin, Italy, Sunday, Nov. 17, 2024. (AP Photo/Antonio Calanni) Dallas Cowboys wide receiver Jalen Tolbert (1) fails to pull in a pass against Atlanta Falcons cornerback Dee Alford (20) during the second half of an NFL football game, Sunday, Nov. 3, 2024, in Atlanta. (AP Photo/ Brynn Anderson) Green Bay Packers quarterback Jordan Love, top right, scores a touchdown during the second half of an NFL football game against the Chicago Bears in Chicago, Sunday, Nov. 17, 2024. (AP Photo/Nam Y. Huh) India's Tilak Varma jumps in the air as he celebrates after scoring a century during the third T20 International cricket match between South Africa and India, at Centurion Park in Centurion, South Africa, Wednesday, Nov. 13, 2024. (AP Photo/Themba Hadebe) Columbus Blue Jackets defenseman Zach Werenski warms up before facing the Seattle Kraken in an NHL hockey game Tuesday, Nov. 12, 2024, in Seattle. (AP Photo/Lindsey Wasson) Kansas State players run onto the field before an NCAA college football game against Arizona State Saturday, Nov. 16, 2024, in Manhattan, Kan. (AP Photo/Charlie Riedel) A fan rapped in an Uruguay flag arrives to the stands for a qualifying soccer match against Colombia for the FIFA World Cup 2026 in Montevideo, Uruguay, Friday, Nov. 15, 2024. (AP Photo/Matilde Campodonico) People practice folding a giant United States flag before an NFL football game between the Buffalo Bills and the Kansas City Chiefs, Sunday, Nov. 17, 2024, in Orchard Park, N.Y. (AP Photo/Julia Demaree Nikhinson) Brazil's Marquinhos attempts to stop the sprinklers that were turned on during a FIFA World Cup 2026 qualifying soccer match against Venezuela at Monumental stadium in Maturin, Venezuela, Thursday, Nov. 14, 2024. (AP Photo/Ariana Cubillos) Georgia's Georges Mikautadze celebrates after scoring his side's first goal during the UEFA Nations League, group B1 soccer match between Georgia and Ukraine at the AdjaraBet Arena in Batumi, Georgia, Saturday, Nov. 16, 2024. (AP Photo/Tamuna Kulumbegashvili) Mike Tyson, left, fights Jake Paul during their heavyweight boxing match, Friday, Nov. 15, 2024, in Arlington, Texas. (AP Photo/Julio Cortez) Italy goalkeeper Guglielmo Vicario misses the third goal during the Nations League soccer match between Italy and France, at the San Siro stadium in Milan, Italy, Sunday, Nov. 17, 2024. (AP Photo/Luca Bruno) President-elect Donald Trump attends UFC 309 at Madison Square Garden, Saturday, Nov. 16, 2024, in New York. (AP Photo/Evan Vucci) Fans argue in stands during the UEFA Nations League soccer match between France and Israel at the Stade de France stadium in Saint-Denis, outside Paris, Thursday Nov. 14, 2024. (AP Photo/Thibault Camus) Slovakia's Rebecca Sramkova hits a return against Danielle Collins, of the United States, during a tennis match at the Billie Jean King Cup Finals at the Martin Carpena Sports Hall, Thursday, Nov. 14, 2024, in Malaga, southern Spain. (AP Photo/Manu Fernandez) St. John's guard RJ Luis Jr. (12) falls after driving to the basket during the second half of an NCAA college basketball game against New Mexico, Sunday, Nov. 17, 2024, in New York. (AP Photo/Pamela Smith) England's Anthony Gordon celebrates after scoring his side's second goal during the UEFA Nations League soccer match between England and the Republic of Ireland at Wembley stadium in London, Sunday, Nov. 17, 2024. (AP Photo/Kin Cheung) Katie Taylor, left, lands a right to Amanda Serrano during their undisputed super lightweight title bout, Friday, Nov. 15, 2024, in Arlington, Texas. (AP Photo/Julio Cortez) Las Vegas Raiders wide receiver DJ Turner, right, tackles Miami Dolphins wide receiver Malik Washington, left, on a punt return during the second half of an NFL football game, Sunday, Nov. 17, 2024, in Miami Gardens, Fla. (AP Photo/Lynne Sladky) UConn's Paige Bueckers (5) battles North Carolina's Laila Hull, right, for a loose ball during the second half of an NCAA college basketball game in Greensboro, N.C., Friday, Nov. 15, 2024. (AP Photo/Ben McKeown) Rasmus Højgaard of Denmark reacts after missing a shot on the 18th hole in the final round of World Tour Golf Championship in Dubai, United Arab Emirates, Sunday, Nov. 17, 2024. (AP Photo/Altaf Qadri) Dallas Stars center Mavrik Bourque, right, attempts to score while Minnesota Wild right wing Ryan Hartman (38) and Wild goaltender Filip Gustavsson (32) keep the puck out of the net during the second period of an NHL hockey game, Saturday, Nov. 16, 2024, in St. Paul, Minn. (AP Photo/Ellen Schmidt) Cincinnati Bengals tight end Mike Gesicki (88) celebrates after scoring a touchdown against the Las Vegas Raiders during the second half of an NFL football game in Cincinnati, Sunday, Nov. 3, 2024. 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BEIJING , Dec. 6, 2024 /PRNewswire/ -- Baijiayun Group Ltd ("Baijiayun" or the "Company") (NASDAQ: RTC), a one-stop AI video solution provider, today announced that it has entered into a Standby Equity Purchase Agreement (the "SEPA"), with YA II PN, Ltd. ("YA"), a fund managed by Yorkville Advisors Global, LP. Subject to the terms and conditions set forth in the the SEPA, YA is committed to purchase up to $50 million (the "Commitment Amount") of the Company's Class A Ordinary Shares (the "Shares") at any time during the two-year period following the execution date of the SEPA, by delivering written notice to YA (an "Advance Notice"). Pursuant to the SEPA, YA will advance to the Company, subject to the satisfaction of certain conditions as set forth therein, the principal amount of up to $15 million (the "Pre-Paid Advance"), which will be evidenced by convertible promissory notes (the "Promissory Notes", together with the "SEPA", the "Offering") in four tranches. The first Pre-Advance, in the principal amount of $3,000,000 , was advanced December 6, 2024 in connection with the execution of the SEPA, and is subject to a 10% discount to the principal amount of such Promissory Note. If there is no balance outstanding under the Promissory Notes, the Company will have sole discretion to sell the Shares to YA from time to time by issuing Advance Notices to YA following the effectiveness of a registration statement with the U.S. Securities and Exchange Commission registering the Shares issuable pursuant to the SEPA and the satisfaction of other customary conditions. The Company intends to use the proceeds from the offering of the Shares pursuant to the SEPA for working capital and other general corporate purposes. The Company and the Investor have entered into a registration rights agreement on the date hereof (the "Registration Rights Agreement"), pursuant to which the Company shall register the resale of the Shares issuable pursuant to the SEPA. The foregoing does not purport to be a complete description of the rights and obligations of the parties to the SEPA, the Promissory Notes, the Registration Rights Agreement, or of the transactions contemplated thereby and is qualified in its entirety by reference to such documents, the copies of which have been filed as exhibits to the Company's Current Report on Form 6-K on December 6, 2024 . D. Boral Capital LLC acted as the exclusive placement agent for the Offering. About Baijiayun Group Ltd Baijiayun is a one-stop AI video solution provider with core expertise in SaaS/PaaS solutions. Baijiayun is committed to delivering reliable, high-quality video experiences across devices and localities and has grown rapidly since its inception in 2017. Premised on its industry-leading video-centric technologies, Baijiayun offers a wealth of video-centric technology solutions, including Video SaaS/PaaS, Video Cloud and Software, and Video AI and System Solutions. Baijiayun caters to the evolving communications and collaboration needs of enterprises of all sizes and industries. For more information, please visit ir.baijiayun.com . Safe Harbor Statement This press release contains certain "forward-looking statements." These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the parties' perspectives and expectations, are forward-looking statements. The words "will," "expect," "believe," "estimate," "intend," and "plan" and similar expressions indicate forward-looking statements. Such forward-looking statements are inherently uncertain, and shareholders and other potential investors must recognize that actual results may differ materially from the expectations as a result of a variety of factors. Such forward-looking statements are based upon management's current expectations and include known and unknown risks, uncertainties, and other factors, many of which are hard to predict or control, that may cause the actual results, performance, or plans to differ materially from any future results, performance or plans expressed or implied by such forward-looking statements. The forward-looking information provided herein represents the Company's estimates as of the date of this press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release. A further list and description of risks and uncertainties can be found in the documents the Company has filed or furnished or may file or furnish with the U.S. Securities and Exchange Commission, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and the Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation. For investor and media enquiries, please contact: Company Contact: Ms. Fangfei Liu Chief Financial Officer, Baijiayun Group Ltd Phone: +86 25 8222 1596 Email: ir@baijiayun.com View original content: https://www.prnewswire.com/news-releases/baijiayun-announces-up-to-15-million-convertible-promissory-notes-and-50-million-standby-equity-purchase-agreement-302325234.html SOURCE Baijiayun Group Ltd

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Modern cannabis seed banks play a pivotal role in the cultivation and distribution of cannabis. With the rise in demand for specific strains catering to medicinal and recreational needs, genetic testing has emerged as a game-changer in the cannabis industry. But what exactly is genetic testing, and why is it important? Genetic testing involves analyzing the DNA of cannabis plants to determine their traits, such as potency, flavor, aroma, resistance to pests, and growth patterns. By understanding these traits at a genetic level, seed banks can ensure better quality and consistency in their offerings. The Role of Genetics in Cannabis Cultivation Cannabis consumers often look for specific strains with particular effects, such as relaxation, energy, or pain relief. Genetic testing helps seed banks maintain consistency in these strains by verifying their genetic makeup. This ensures that consumers get the same experience every time they purchase a strain. Genetic testing allows seed banks to identify plants with natural resistance to pests and diseases. By cultivating these resilient strains, growers can reduce the need for chemical pesticides and fertilizers, making the cultivation process more sustainable. Why Genetic Testing is Crucial for Cannabis Seed Banks One of the most significant advantages of genetic testing is the precision it offers in breeding programs. Seed banks can crossbreed plants with desirable traits, such as high THC or CBD content, faster flowering times, or unique terpene profiles. This precision leads to the creation of new, high-quality strains. Occasionally, genetic mutations can occur in cannabis plants, leading to undesirable traits such as low yield or susceptibility to diseases. Genetic testing helps identify these mutations early, allowing the best seed banks to remove faulty plants from their breeding programs and maintain high-quality standards. Many regions have strict regulations regarding cannabis strains, especially concerning THC and CBD levels. Genetic testing ensures that seed banks comply with these regulations by accurately determining the chemical profiles of their strains. Benefits of Genetic Testing for Consumers Genetic testing empowers seed banks to develop strains tailored to specific needs, such as pain relief, anxiety reduction, or enhanced creativity. This customization ensures that consumers have access to the right strain for their requirements. Consumers deserve to know what they are purchasing. Genetic testing provides detailed information about a strain’s potency, cannabinoid content, and effects, improving transparency and safety. Strains with consistent genetics lead to predictable effects, ensuring that consumers have a reliable experience every time they use a product. How Genetic Testing Supports Cannabis Research Medical cannabis relies heavily on strains with specific cannabinoid and terpene profiles. Genetic testing facilitates the development of these strains, contributing to advancements in medical cannabis research and treatments. Terpenes and cannabinoids work together to create the “ entourage effect ,” which enhances the therapeutic potential of cannabis. Genetic testing helps researchers understand these interactions, leading to the development of more effective medicinal strains. Challenges in Implementing Genetic Testing One of the barriers to widespread adoption of genetic testing is its cost. Advanced equipment and skilled professionals are required, which can be expensive for smaller seed banks. Cannabis has a highly complex genetic structure, making testing and analysis a challenging process. Despite advancements, there is still much to learn about cannabis genetics. The Future of Cannabis Seed Banks with Genetic Testing As technology evolves, genetic testing is becoming more accessible and cost-effective. In the future, it is likely to become a standard practice in all cannabis seed banks. This will lead to: Conclusion Genetic testing is revolutionizing the cannabis industry, particularly in the operations of modern seed banks. By ensuring strain consistency, improving plant health, and supporting legal compliance, genetic testing enhances the quality and reliability of cannabis products. For consumers, it offers tailored strains, improved safety, and a better overall experience. While challenges such as cost and complexity remain, the future of genetic testing in cannabis seed banks looks promising. It not only benefits the industry but also paves the way for groundbreaking research and sustainable cultivation practices.

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