They only paid for the computing power they used, avoiding the cost and resource burden of building infrastructure in-house.

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Another piece of legislation introduced in the House would amend the state constitution to require future wildlife or natural resource-related initiatives to pass by a two-thirds margin, rather than by a simple majority.

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The auction house hopes to capitalize on the region's resource riches and its recent investment in art and culture.

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Additionally, if investors are able to capture exposure information in-house, managing the information on a monthly basis multiplies the challenges mentioned before, namely, resource drain and inconsistencies across firms.

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