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Lucintel Forecasts Connector Market to Reach $98.0 billion by 2030 12-11-2024 12:00 AM CET | IT, New Media & Software Press release from: ABNewswire Trends and Forecast for the Connector Market Lucintel finds that the future of the global connector market looks promising with opportunities in the transportation, telecom/datacom, computer and peripheral, industrial, and consumer electronics industries. According to the recent study the Connector Market [ https://www.lucintel.com/connector-market.aspx ] is projected to reach an estimated $98.0 billion by 2030 from $74.1 billion in 2023, at a CAGR of 4.0% from 2023 to 2030. Growth in this market is primarily driven by growth in communication and consumer electronics industries, miniaturization of electronic devices, and increasing electronic content in vehicles. Browse 95 figures / charts and 73 tables in this 231 -page report to understand trends, opportunities and forecast in connector market by product type (PCB (Printed Circuit Board) connectors, fiber optic connectors, rectangular I/O, RF (Radio Frequency) coax, application-specific connectors, circular connectors, IC (Integrated circuit) sockets, and others), end use industry (transportation, consumer electronics, computer and peripherals, industrial, telecom/datacom, and others), and region (North America, Europe, APAC and the Rest of the World). Lucintel forecasts that PCB connectors will remain the largest segment due to growth in the computer, consumer electronics, and communication end use industries Transportation will remain the largest end use industry and witness the highest growth during the forecast period due to increasing electronic content in vehicles, increasing need for safety systems, and growing demand for hybrid and electric vehicles. Download sample by clicking on Connector Market - Asia Pacific will remain the largest region, and it is also expected to witness the highest growth over the forecast period, supported by increasing automotive production. TE Connectivity, Amphenol Corporation, Molex Incorporated, Hon Hai Precision Industry, Volex PLC, Japan Aviation Electronics Industry, Aptiv Plc., Hirose Electric Co., Rosenberger, Yazaki Co., Luxshare ICT, and UCAP Power are the major suppliers in the connector market. This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard. About Lucintel At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. Contact: Roy Almaguer Lucintel Dallas, Texas, USA Email: roy.almaguer@lucintel.com Tel. +1 972.636.5056 Explore Our Latest Publications [ https://www.lucintel.com/inertial-navigation-system-market.aspx ] [ https://www.lucintel.com/outdoor-recreation-thermal-camera-market.aspx ] [ https://www.lucintel.com/hybrid-fiber-optic-connector-market.aspx ] [ https://www.lucintel.com/ndir-sensor-market.aspx ] Self-Drive Car Rental Market Self-Storage Software Market Media Contact Company Name: Lucintel Contact Person: Roy Almaguer Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=lucintel-forecasts-connector-market-to-reach-980-billion-by-2030 ] Phone: 972.636.5056 Address:8951 Cypress Waters Blvd., Suite 160 City: Dallas State: TEXAS Country: United States Website: https://www.lucintel.com/connector-market.aspx This release was published on openPR.
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How to watch Duke women’s basketball vs. South Carolina (12/5/24) online without cable | FREE LIVE STREAM for regular season gameGenerative artificial intelligence (“GenAI”) is reshaping the practice of law by influencing how law firms research cases, draft documents, and interact with clients. As client expectations rise and competitive pressures intensify, law firms must decide whether to build bespoke systems or instead purchase vendor-developed legal AI tools. While bespoke tools provide more customization and more closely align with a firm’s own data, workflows, and strategic priorities, this approach requires more work and could carry greater risks. On the other hand, vendor-developed tools typically provide quicker deployment and ongoing external innovation, although at the expense of some customization. Both avenues carry implications for data stewardship, regulatory compliance, financial investment, and long-term positioning. In the face of these competing considerations, one fundamental inquiry guides the decision: Should law firms build their own proprietary AI models in-house or buy commercial solutions from specialized legal AI vendors? 1. The Case for Building Proprietary Solutions Firms that build their own in-house AI solution can tailor it to their unique legal culture and specialties. Instead of relying on a generic product, they develop a system that reflects their institutional know-how, internal precedent, and well-honed practice areas. Such a customized model can generate contract language, research outputs, and insights that mirror the firm’s distinctive style and strategic objectives. Control over data remains a powerful incentive. A proprietary approach allows a firm to keep confidential client information securely within its own environment, mitigating the risk of commingling sensitive documents with a vendor’s broader database. This is particularly appealing in a profession bound by rigorous ethical rules, where the slightest misstep can erode client trust. Examples of successful in-house builds underscore the potential rewards. In May 2024, Wilson Sonsini Goodrich & Rosati introduced an AI-enabled commercial contracting solution for cloud services companies. Integrated into Neuron, the firm’s proprietary software platform for startups, this AI agent supports commercial contracts attorneys and achieves an accuracy rate of 92% in contract review. Similarly, in August 2023, Dentons launched “fleetAI,” a proprietary version of ChatGPT based on OpenAI’s GPT-4 . Developed in collaboration with Microsoft, fleetAI assists lawyers in conducting legal research, generating legal content, and analyzing documents while ensuring that uploaded data is neither used to train the model nor accessible outside the firm’s secure environment. Still, building an AI solution demands substantial resources. The initial investment in data scientists, legal technologists, and machine learning engineers is significant. The firm must also prepare, clean, and structure extensive training data, a process that can be time-consuming and complex. Technology evolves quickly, forcing continuous refinement and adaptation. For some organizations, this ongoing commitment to improvement may exceed their capacity or appetite, particularly as new AI techniques emerge and threaten to make recently developed models obsolete. 2. The Case for Buying Commercial Solutions The most straightforward route is purchasing a commercial system designed by specialists who have already invested heavily in research and development. Off-the-shelf solutions arrive pre-trained, tested, and often backed by robust security frameworks. This path relieves the firm of building an internal AI team or piecing together data pipelines, allowing them to integrate advanced capabilities into existing workflows more rapidly. Time-to-market advantages can be crucial in a competitive legal environment. High-profile collaborations illustrate the potential of the buy strategy. In February 2023, Allen & Overy began utilizing Harvey, a generative AI platform and external provider , to streamline tasks such as contract analysis, due diligence, and regulatory compliance. Meanwhile, in October 2024, U.S.-based firm Fennemore Craig merged with Lucent Law and announced a collaboration with OpenAI to incorporate advanced AI technology into their operations. This partnership enhances the firm’s drafting capabilities and pricing decisions, allowing them to offer clients more efficient service models. But buying is not a panacea. Firms may face integration hurdles, as proprietary workflows must bend to fit a vendor’s platform, potentially sacrificing customization. Moreover, entrusting data to a third party can raise concerns about confidentiality and privilege, despite a vendor’s best efforts to ensure data security. There is also the risk of vendor lock-in, where future price hikes, product overhauls, or shifts in service quality could leave the firm constrained and forced into costly renegotiations or system migrations. 3. Ethical, Compliance, and Governance Challenges Whether building or buying, a firm must consider an evolving landscape of ethical obligations and professional rules. Maintaining client confidentiality, preventing conflicts of interest, and respecting privilege boundaries are paramount. A proprietary model allows a firm to encode these standards directly into the system. Parameters can be set to filter out confidential information, enforce anonymization, and comply with the procedural and substantive regulations of multiple jurisdictions. Oversight resides in-house, and modifications can be implemented swiftly as legal norms change. Commercial vendors also prioritize compliance and offer their own safeguards—encryption protocols, access controls, and monitoring features to ensure the responsible use of data. Still, when a firm turns to an external provider, the complexity of vetting these safeguards intensifies. Firms must conduct rigorous due diligence, evaluating how the vendor handles data breaches, adapts to regulatory shifts, and upholds confidentiality. This scrutiny may determine whether the firm is comfortable delegating its ethical responsibilities or prefers the direct accountability of an internally managed system. 4. Talent, Data, and Financial Considerations In deciding whether to buy or build, cost is a central factor. Building a proprietary LLM entails heavy initial spending on talent, infrastructure, and data curation. Firms building proprietary solutions must ensure that their internal documents are well-structured, current, and comprehensive. Proprietary solutions demand recruiting professionals skilled in both technology and law, a combination that is neither abundant nor inexpensive. The upside is control: the firm owns the intellectual property and can fine-tune the solution indefinitely. Over time, a well-implemented custom model may streamline labor-intensive tasks, improve accuracy, and enhance client satisfaction, justifying the initial outlay. By contrast, buying a vendor solution often involves a subscription model or licensing fee, reducing upfront costs and providing predictable expenses. Firms gain immediate access to cutting-edge technology without having to develop expertise in-house. By choosing a vendor solution, a firm can delegate most technical responsibilities, needing only enough expertise in-house to evaluate outputs, configure settings, and ensure that the AI aligns with the firm’s objectives. However, over the longer term, reliance on external providers may limit the firm’s ability to influence product direction, lock in favorable pricing, or maintain competitive differentiation. Market trends, rather than the firm’s unique needs, may shape future updates and improvements. Closing Thoughts The decision to build or buy GenAI capabilities goes to the heart of a firm’s strategic vision in an age of rapid technological change. Proprietary solutions, as shown by Wilson Sonsini’s AI-enhanced contracting platform and Dentons’ fleetAI, illustrate the potential rewards of differentiation and direct control. Yet these benefits come with high resource demands and ongoing complexity. At the same time, the buy approach, exemplified by Allen & Overy’s adoption of Harvey and Fennemore Craig’s collaboration with OpenAI, highlights how quickly firms can modernize through external partnerships. The cost is a certain dependence on outside providers and less customization, raising questions of long-term influence and operational freedom. Ultimately, neither path is universally superior. A global powerhouse with the resources to innovate from within may favor building a proprietary model to create a long-term competitive moat. A mid-sized firm seeking immediate improvements may find a vendor product more pragmatic. In all scenarios, careful assessment of data assets, ethical responsibilities, cost structures, client expectations, and strategic priorities is critical. The right decision ensures that GenAI evolves from a buzzword into a trusted ally, empowering firms to deliver sophisticated, efficient, and forward-thinking legal services.Some Democrats are frustrated over Joe Biden reversing course and pardoning his son HunterPresident Biden was adamant that his son “Hunter was treated differently” when he broke his public pledge and issued a rare sweeping pardon spanning almost 11 years for his troubled son late Sunday. But the 54-year-old is far from the only one to have been charged with similar firearm and tax evasion crimes. Several legal experts believe that he already received favorable treatment than others who have committed comparable transgressions. Here are other cases where famous defendants served prison time for their offenses. Darryl De Sousa Former Baltimore police commissioner Darryl De Sousa spent 10 months in jail after being accused of skipping out on some $67,000 in taxes. Hunter, by contrast, admitted to failing to pay $1.4 million to the IRS. De Sousa, who had grown up in a poor household in Queens, New York, decried the pardon as a slap in the face. “It’s unfair. It’s unfortunate,” he lamented to The Post. “The first thing that came to my mind is this two-tiered justice system that exists. It has always existed, and I don’t think it’s ever going to go away.” “Those who are in power and privilege, that come from established communities., vs. those who come from historically underserved communities, are going to be at the opposite end of that.” De Sousa recounted experiencing that “two-tiered” system firsthand while patrolling the streets of Baltimore for almost three decades. “The message that I really would like everyone to know is that the criminal justice system is in dire need of reform,” he added before shifting gears to Hunter Biden’s situation and expressing some sympathy. “[The two cases] should be treated differently. But I have never walked heel to toe in Hunter Biden’s shoes, with his addiction,” he added. “The pardon, I don’t agree to that. There needs to be some consequences.” As for his own tax evasion, De Sousa says there is “no excuse” and he takes “full responsibility” and pinned the blame on negligence. “I put my job first and that was it,” he reflected. “I neglected myself. I neglected my personal responsibilities in life, almost to the point of forgetting about my health.” Notably, prosecutors Leo Wise and Derek Hines, who argued the firearm case against Hunter Biden in June, also prosecuted the case against De Sousa. De Sousa’s charges stemmed from 2013 through 2015. Ultimately, he was forced to resign as Baltimore police commissioner following the 2019 indictment. Rapper Kodak Black Roughly five years ago, Rapper Kodak Black was sentenced to 46 months behind bars at the age of 22 for writing down a wrong Social Security number in his application to purchase three guns. Prosecutors alleged the “Bodak Yellow” rapper was trying to hide his criminal record, which made it illegal for him to own firearms. Hunter Biden was similarly precluded from purchasing the .38-caliber revolver he bought on Oct. 12, 2018, but lied a form to purchase it anyway, a jury concluded back in June. Black’s attorney had previously railed against a plea agreement the first son was set to receive last year, which ultimately imploded. “2 tiers of justice? Kodak was charged for the same crime. Got over three years. Mr. Biden will not serve a day. Feels right? Do FBI agents and federal authorities take cases personally?” Black’s attorney Bradford Cohen vented last year when the Biden scion appeared poised to get off on a plea deal. “After 26 years, I have yet to have a plea in a case with an illegal possession of a weapon and tax evasion, that did not come with some kind of prison sentence. Indigents charged the same way would be getting jail time,” Cohen wrote in a post on X . “Even in the case of paying off coaches to get their kids into college came with a prison sentence. One even got 2 weeks, even though she was scoring no jail time. The system was so petty that they made her surrender to a federal prison for 2 weeks! But in this case nothing,” he added. Ultimately, President-elect Donald Trump pardoned Black on the last day of his first term. Wesley Snipes Actor Wesley Snipes, famous for roles such in flicks like “Blade” and “Demolition” was convicted on three counts of tax evasion in 2008 for bilking Uncle Sam on taxes of up to $15 million. Snipes was later sentenced to three years in prison, though he had been acquitted of felony charges of filing a false claim conspiracy to defraud the government. The actor had claimed that he was “a non-resident alien” of the US despite being a citizen by birth and the IRS said he owed taxes between 1999 through 2004. Ultimately, he served 28 months in federal prison and the rest on house arrest. Hunter Biden’s defense team has stressed that he ultimately “fully paid his past-due taxes with interest and penalties in 2021.” The Biden scion managed to pay back those taxes with assistance from his so-called “sugar brother” Kevin Morris. “As a criminal tax lawyer for a near quarter-century, I confirm how rare & extraordinary the #HunterBiden plea deal is. Indeed, the deal violates DOJ tax official policy, where Biden’s DOJ prohibit prosecutors from even offering this deal to people who did far less than Hunter,” Snipes’ attorney Robert Barnes previously wrote on X last year around the time of the Biden scion’s doomed plea deal. Mike ‘The Situation’ Sorrentino Gym, Tan, Laundry and ... Prison. Five years ago, “Jersey Shore” star Mike “The Situation” Sorrentino served out an eight-month sentence for skirting $2.3 million in taxes over a five-year stretch. His older brother, Marc, was similarly forced to serve out a 24-month prison stint for skimping on $8.9 million in taxes. Despite the similarities between the two cases, Sorrentino refrained from comparing himself to the Biden scion when asked by Fox News last year. “I’ll be honest with you, I really can’t compare us; we live two different lives,” the reality star told the network . “I wouldn’t be the man I am today if I didn’t make those mistakes. But again, I can’t compare myself to another man.” Sorrentino claimed that he was “very high” when pressed about taxes after seeing a sudden rise in his wealth. “That one decision haunted me for 15 years,” he reflected. Conservatives agree Hunter was treated differently... Conservative critics contend that President Biden, 82, was correct in saying that “Hunter was treated differently,” but they split sharply from him in their assessment of why. “During his campaign for president, President-elect Trump frequently spoke about the two-tiered justice system in America. Highlighting this unequal system has been a central focus of my work as a United States Congressman and as a member of the House Judiciary Committee,” Rep. Wesley Hunt (R-Texas) told The Post. “Joe Biden claimed that no one is above the law. We now know that not only is this statement untrue, but that no one is more above the law than those with the last name Biden.” Mike Davis, the founder of the Article III Project, a conservative legal group that targets what it describes as “lawfare,” estimated that about 97% of cases involving the gun charges Hunter Biden faced result in prison time. “Hunter Biden was certainly treated differently. Almost all other defendants charged with these gun crimes go to prison,” Davis told The Post. Defense attorneys for Hunter Biden have argued that many of those cases involved individuals with prior convictions or who purchases multiple weapons. The 54-year-old budding artist had that Colt Cobra handgun for about 11 days before his sister-in-law-turned-lover threw it in a public trash can. “Moreover, the Biden Justice Department protected Hunter Biden from much more serious foreign corruption charges for years because those charges would implicate Joe Biden,” Davis added. Republican lawmakers in Congress had wanted more scrutiny over Hunter Biden’s dealings in foreign countries amid concerns that he failed to register under the Foreign Agents Registration Act (FARA), which could implicate his father. “They prosecuted him on the least that they could have, and he’s complaining about that,” Judicial Watch chief Tom Fitton told The Post. “There was money laundering, the Foreign Agents Registration Act and they came up with the most narrow set of charges.” Others have faced prison time for FARA violations. Former Trump 2016 campaign chairman Paul Manafort, 75, was sentenced to 60 months for failure to register with the Justice Department about his work for a Ukrainian political party. Last year, Gul Luft was slapped with federal charges for working as an unregistered lobbyist for China, among other infractions. Luft had been a witness in Republicans’ probe of the Biden family business dealings. Ironically, President Biden had echoed some of Trump’s grievances with the justice system and issued a defacto rebuke of the DOJ under his Attorney General Merrick Garland in his statement on the pardon. “It is clear that Hunter was treated differently,” the lame duck president said. “The charges in his cases came about only after several of my political opponents in Congress instigated them to attack me and oppose my election.” “There has been an effort to break Hunter — who has been five and a half years sober, even in the face of unrelenting attacks and selective prosecution. In trying to break Hunter, they’ve tried to break me,” he added. “Enough is enough.” The pardon came after the Biden family huddled in Nantucket for Thanksgiving.
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