Nvidia AI chips

U.S. Considers Limiting Sales of Advanced Nvidia AI Chips to Specific Countries: National Security Concerns Drive New Export Restrictions

The United States government is in the early stages of deliberating a significant shift in its export control policies, particularly focusing on limiting the sale of advanced artificial intelligence (AI) chips from companies like Nvidia to specific countries. According to...
Artificial Intelligence -AI

Microsoft Loses Top AI Expert as Sebastian Bubeck Joins OpenAI: Major Shift in AI Landscape

The artificial intelligence (AI) industry, Microsoft has lost one of its top AI experts, Sebastian Bubeck, who has moved to OpenAI. Bubeck, previously serving as Microsoft's Vice President of Generative AI Research, is recognized as one of the leading minds...
Pacific Islands

Growth Slows Across Pacific Islands Amid Post-Pandemic Fading, Climate Risks, and Structural Challenges: World Bank Report

The Pacific Islands, long seen as a diverse and dynamic region full of promise, face a troubling economic outlook in 2024. The World Bank's latest report highlights a sharp slowdown in growth, projecting a regional GDP increase of only 3.6%...
Iron Ore

Iron Ore Prices Decline Focus Shifts from China’s Stimulus to Global Supply Outlook

Iron ore prices experienced a decline as investors redirected their attention from China’s plans for economic stimulus toward global supply prospects. The shift comes amid a series of quarterly production reports from some of the world’s largest mining companies, including...
Asian Stock

Asian Stocks Mostly Higher Amid Investor Optimism and Stable Oil Prices

Asian stock markets largely trended higher on Tuesday, fueled by investor optimism stemming from a strong Wall Street rally and expectations for better-than-anticipated corporate earnings. Meanwhile, the U.S. dollar hovered near a two-month high, bolstered by growing speculation that the...
cybersecurity

China Denies US Accusations of Hacking in Latest Volt Typhoon Cybersecurity Report, Calling Allegations a ‘Political Farce’

China’s cybersecurity agency once again refuted claims from the United States and Microsoft Corporation that Chinese state-sponsored hackers were behind a major cyberattack targeting critical American computer networks. Known as Volt Typhoon, the cyberattack has been a point of contention...
chinese stocks

Chinese Stocks Waver Debate Intensifies Over Sustainability of Stimulus-Driven Rally

Chinese stocks exhibited a roller-coaster ride during early trading on Tuesday as growing uncertainty loomed over the durability of the current stimulus-fueled rally. The CSI 300 Index, which tracks the largest firms on the Shanghai and Shenzhen exchanges, fell by...
Asian Financial Markets

Asian Markets Climb Technology Shares Lead Wall Street to Record High; Oil Drops Amid Eased Geopolitical Concerns

Asian stocks rose on Tuesday, buoyed by another record-setting performance on Wall Street, while oil prices tumbled as concerns over an Israeli attack on Iranian energy facilities diminished. The MSCI Asia Pacific Index climbed 0.7%, fueled primarily by gains in...
Car miniature, "Electric vechicles (EVs)" words, EU and Chinese flags are seen in this illustration taken, September 26, 2023. REUTERS/File Photo

Chinese and European Automakers Face Off at Paris Auto Show Amidst Rising Tensions Over EU Tariffs

The Paris Motor Show on Monday set the stage for fierce competition between Chinese and European automakers, as they clashed against the backdrop of growing tensions over the European Union’s (EU) proposed import tariffs on Chinese-made electric vehicles (EVs). As...
Taiwan Semiconductor Manufacturing Co. (TSMC)

TSMC Expected to Report 40% Leap in Third-Quarter Profits Amid AI Boom

Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, is on track to report a significant surge in third-quarter profits, driven by unprecedented demand for artificial intelligence (AI) applications. The company is expected to announce a net profit of...
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