On January 3, Intel announced its
latest ambitious plan to establish an
independent company dedicated to generative AI.
On January 3, Intel announced its
latest ambitious plan to establish an
independent company dedicated to generative AI.
Quartz reports that the new enterprise firm,
named Articul8 AI, will be formed in partnership with
digital-focused asset manager DigitalBridge Group.
Quartz reports that the new enterprise firm,
named Articul8 AI, will be formed in partnership with
digital-focused asset manager DigitalBridge Group.
The financial details of the arrangement have
not been disclosed, including the valuation of
the deal or Intel's stake in the resulting venture.
Articul8 AI will reportedly operate with
an independent board of directors,
with Intel participating as a shareholder.
Former Intel Vice President
Arun Subramaniyan was
named Articul8's new CEO.
.
We’ve been really trying to address
the biggest gap in generative AI
today, which is that building a proof
of concept is easy, but getting
things into production and doing
it safely and in a cost sustainable
way is really what is missing, Arun Subramaniyan, Former Intel vice president, via Reuters.
We’ve been really trying to address
the biggest gap in generative AI
today, which is that building a proof
of concept is easy, but getting
things into production and doing
it safely and in a cost sustainable
way is really what is missing, Arun Subramaniyan, Former Intel vice president, via Reuters.
Quartz reports that the news comes after the California-
based tech company announced plans to take on chip
maker Nvidia amid an escalating global chip market race.
Quartz reports that the news comes after the California-
based tech company announced plans to take on chip
maker Nvidia amid an escalating global chip market race.
Quartz reports that the news comes after the California-
based tech company announced plans to take on chip
maker Nvidia amid an escalating global chip market race.
The announcement of Articul8 makes Intel a
challenger to a range of companies that include
ChatGPT maker OpenAI, Google and Stability AI.
.
With its deep AI and high performance computing domain knowledge and enterprise-grade GenAI deployments, Articul8 is well positioned to deliver tangible business outcomes for Intel and our broader ecosystem of customers, Pat Gelsinger, Intel CEO, via Quartz.
Quartz reports that Articul8 is the product
of research on enterprise AI conducted by
Intel and Boston Consulting Group (BCG).
.
Intel says the Articul8 platform is currently ready for use
by enterprise customers in aerospace, financial services,
semiconductor production and telecommunications
Ukraine's army urgently needs 500,000 new soldiers to hold off Russian troops in the east. With a new mobilisation law, Kyiv now ups the ante on men fit for military service to sign up. DW's Carolina Chimoy reports.
#Ukraine #RussianTroops #MilitaryMobilization #UrgentCall #DefenseEfforts #Kyiv #Security #NationalDefense #MilitaryService #TroopDeployment #Conflict #NationalSecurity #MilitaryDraft #DefenseStrategy #EasternFront #RussiaKharkivAttack #KharkivInvasion #RussiaAttacksKharkiv #Ukraine #Kharkiv #Frontline #Intel #Putin #Zelensky #NATO #US #Military #Defense #Security #War #Russia #Admission #Crisis
~PR.152~ED.155~HT.178~GR.124~
As the conflict between Russia and Ukraine escalates, a new tactical emblem has been observed on Russian military equipment near Kharkiv. This symbol, characterised by a central square with two overlapping diagonal crosses, indicates a significant escalation in Russia's military operations, particularly in the Kharkiv Region. According to reports from OSINT Defender, this emblem is linked to Russia's renewed border offensive in northeast Ukraine, with Russian forces actively attempting to breach Ukrainian defences, notably around Vovchansk. These symbols serve as identification friend or foe (IFF) measures in conflict zones, aiming to prevent friendly fire. Notably, the 'Z' marking, prominent during the 2022 Ukraine invasion, became a symbol of Russian support for the war effort.
#RussiaMilitaryMysteriousSymbol #MysteriousSymbol #RussiaKharkivAttack #KharkivInvasion #RussiaAttacksKharkiv #Ukraine #Kharkiv #Frontline #Intel #Putin #Zelensky #NATO #US #Military #Defense #Security #War #Russia #Admission #Crisis
~HT.178~PR.152~ED.103~GR.124~
Ukraine's intelligence chief, Kirill Budanov, has openly acknowledged the worsening situation in the country, particularly in the north, where Moscow has seized multiple villages in the Kharkiv region. With a shortage of manpower and delays in Western military aid, Ukraine's military is facing a critical situation. Budanov warned that Russia's next incursion is imminent, putting further strain on Ukrainian forces. Despite efforts to redirect troops, the frontline remains precarious, with Budanov expressing concern about the country's defense capabilities.
#RussiaKharkivAttack #KharkivInvasion #RussiaAttacksKharkiv #Ukraine #Kharkiv #Frontline #Intel #Putin #Zelensky #NATO #US #Military #Defense #Security #War #Russia #Admission #Crisis
~HT.178~PR.152~ED.103~GR.124~
Biden Is Giving $6 Billion , to Micron Technology , for Semiconductor Production.
On April 25, President Biden will travel to Syracuse, NY, to announce over $6 billion in federal grants that his administration is awarding to Micron Technology, NPR reports. .
Senate Majority Leader Chuck Schumer, who was heavily involved in enacting the CHIPS and Science Act, issued a statement about the investment. .
This is the federal government taking back the reins, putting money where its mouth is when we say we want the future of tech to be stamped: 'Made in America.', Senate Majority Leader Chuck Schumer, via statement.
Micron will invest $100 billion of the funds to construct a manufacturing facility in Syracuse.
Schumer referred to the plan as "quite a
great return" on the government's investment.
A factory will also be built in
Boise, Idaho, NPR reports. .
That facility is expected to be ready for production by 2026, while two New York factories will likely be ready by 2028 and 2029.
The White House estimates that
the projects could create 20,000 jobs
in construction and manufacturing.
in addition to "tens of thousands of
indirect jobs in the regions," NPR reports. .
The CHIPS and Science Act has also provided funding for Intel, TSMC and Samsung
Credit: Wibbitz Top Stories Duration: 01:30Published
Biden Announces Deal With Taiwan’s TSMC , to Ramp Up US Chip Production.
On April 8, the White House said that it has reached an agreement with TSMC to help build new semiconductor manufacturing facilities in Arizona, 'The Hill' reports. .
The Biden administration will
provide up to $6.6 billion in funding
via the CHIPS and Science Act.
The president said that the money
will “support the construction of
leading-edge semiconductor manufacturing facilities right here in the United States.” .
Funding would also go toward
training local workforces at the new facilities.
A year and a half ago, I toured
the site of TSMC’s first new
fab in Phoenix, Arizona, President Joe Biden, via statement.
TSMC’s renewed commitment
to the United States, and its
investment in Arizona.., President Joe Biden, via statement.
... represent a broader story for
semiconductor manufacturing that’s
made in America and with the strong
support of America’s leading technology firms
to build the products we rely on every day, President Joe Biden, via statement.
America's ability to produce its own microchips remains a key area of concern for Biden.
The CHIPS and Science Act, which was passed
with bipartisan support in 2022, is intended to
make the U.S. less dependent on foreign suppliers.
The White House has also made
agreements with Intel, GlobalFoundries
and Bae Systems, 'The Hill' reports.
Credit: Wibbitz Top Stories Duration: 01:31Published
OpenAI and Microsoft Make Plans , for $100 Billion Data Center.
According to The Information, the two companies are planning to build a data center that would house an AI supercomputer
called "Stargate," Reuters reports.
According to The Information, the two companies are planning to build a data center that would house an AI supercomputer
called "Stargate," Reuters reports.
The project, which could cost $100 billion or more, is reportedly set to launch in 2028.
The tentative cost is roughly 100 times
more expensive than some of the
biggest data centers that exist today. .
Demand for AI data centers has increased due to
the rapid advancement of generative artificial intelligence technology, Reuters reports. .
This is because traditional data
centers aren't as capable of handling
the advanced tasks that AI requires. .
Several supercomputers
would be built across five phases.
"Stargate" would be launched in the fifth phase, while a smaller supercomputer would be launched
in the fourth phase, tentatively around 2026.
Microsoft and OpenAI are reportedly
in the third phase currently.
We are always planning for
the next generation of infrastructure
innovations needed to continue
pushing the frontier of AI capability, Microsoft spokesperson, to Reuters .
The cost for the next two phases largely revolves around acquiring expensive AI chips.
In March, Nvidia CEO Jensen Huang said
that the newest "Blackwell" B200 AI chip
will cost between $30,000 and $40,000
Credit: Wibbitz Top Stories Duration: 01:31Published
Mumbai Becomes Asia's , Billionaire Capital , on Global Rich List.
NBC reports that Mumbai has become the Asian
capital with the highest number of billionaires,
dethroning Beijing at the top of the exclusive list. .
NBC reports that Mumbai has become the Asian
capital with the highest number of billionaires,
dethroning Beijing at the top of the exclusive list. .
According to the Hurun Research Institute's
global rich list, India's financial capital
registered 92 billionaires in 2024. .
Beijing comes in just below Mumbai with
91 billionaires, and Shanghai rounds out
the top three with a total of 87 billionaires.
Beijing comes in just below Mumbai with
91 billionaires, and Shanghai rounds out
the top three with a total of 87 billionaires.
The top of the list globally is New York
with 119 billionaires, followed by
London with a total of 97. .
The top of the list globally is New York
with 119 billionaires, followed by
London with a total of 97. .
According to the report, there are a total
of 3,279 billionaires globally in 2024,
an increase of 5% compared to 2023. .
NBC reports that China as a whole still has the
most billionaires overall with 814 in 2024, but
the country lost 155 billionaires compared to 2023. .
China had a bad year.
Wealth creation in China has gone
through deep changes these last few
years, with the wealth of billionaires
from real estate and renewables down, Hurun Research Institute's global rich list report, via NBC.
The United States comes in second with
800 billionaires, and India registered
a distant third place with 271.
The United States comes in second with
800 billionaires, and India registered
a distant third place with 271.
According to the report, artificial intelligence
played a significant role in increasing the
number of ultra wealthy people in the U.S. .
Whilst [Nvidia CEO] Jensen Huang
has grabbed many of the headlines
as Nvidia broke through the $2 trillion
mark, catapulting him into
the Hurun Top 30 as a result, , Hurun Research Institute's global rich list report, via NBC.
Whilst [Nvidia CEO] Jensen Huang
has grabbed many of the headlines
as Nvidia broke through the $2 trillion
mark, catapulting him into
the Hurun Top 30 as a result, , Hurun Research Institute's global rich list report, via NBC.
... the billionaires behind Microsoft,
Google, Amazon, Oracle and Meta
have seen significant surges in
their wealth as investors bet
on the value generated by AI, Hurun Research Institute's global rich list report, via NBC
Credit: Wibbitz Top Stories Duration: 01:31Published
Stock Markets Rally , Amid Investor Hopes for , Interest Rate Cuts in 2024.
On the morning of May 15, both the S&P and the
Nasdaq hit all-time highs after new data suggested
inflation may be easing in line with expectations.
Quartz reports that the Dow Jones Industrial Average
is also inching toward the record-breaking
40,000 mark, which it almost hit in March. .
According to the latest Bureau of Labor
Statistics data, April saw the Consumer Price
Index, a key gauge of inflation, rise by 3.4%.
At the same time, consumer prices
increased by 0.3%, slowing slightly
from March's 0.4% increase.
The latest data also shows that core prices,
which don't include food and energy, saw the lowest
increase since April of 2021, rising just 3.6%. .
As a result, investors have a sense of
renewed hope that the Federal Reserve will
begin to cut interest rates at some point in 2024.
The latest inflation data was released one day
after the Producer Price Index, which
measures wholesale inflation, increased 0.5%. .
Over the past year, the
index has increased 2.2%.
Shortly after markets opened, the Dow
jumped up 147 points, hitting 39,705, while the
S&P 500 and the Nasdaq saw 0.5% increases.
Shares in GameStop were down 30% after
experiencing a boost earlier this week by
the online return of investor "Roaring Kitten."
Credit: Wibbitz Top Stories Duration: 01:30Published
These US Cities, Have the Highest Populations of, Millionaires.
According to a report by Henley & Partners,
the United States remains the top country in the
world for private wealth creation and accumulation.
Quartz reports that the U.S. accounts
for about 32% of global liquid investable
wealth, valued at approximately $67 trillion.
Here are some of the cities
with the largest populations of
millionaires, according to the report.
Austin, This Texas city had the biggest explosion
in millionaire growth in the U.S. over the past
ten years, reaching 32,700 by the end of 2023. .
Miami, This Florida city is home to
35,300 millionaires and 15 billionaires,
including Amazon CEO Jeff Bezos.
Boston, While having just eight billionaires,
the fewest of any other city on the list,
this New England city is home to , 42,900 millionaires.
Seattle, This Washington State city is the home of
some of the largest corporations in the U.S.,
including Amazon and Microsoft. It's also
home to 54,200 millionaires and 11 billionaires. .
Chicago, Approximately 120,500 millionaires
live in this Midwestern metropolis. .
Los Angeles, The second-most populous city in the U.S. has about, 212,100 millionaires and 43 billionaires.
San Francisco, The tech hub of the U.S. boasts the most
billionaires with a whopping 68, as well as
the second-most millionaires with 305,700. .
New York, The city with the most high
net worth individuals has about , 349,500 millionaires
and 60 billionaires
Credit: Wibbitz Top Stories Duration: 01:31Published
EU to Check Whether , Microsoft’s Investment in OpenAI , Falls Under Merger Rules.
On January 9, the European Union announced
an investigation to determine if Microsoft's
massive investment in..
Credit: Wibbitz Top Stories Duration: 01:31Published
Hello fellow Rumblers! I'm here in the virtual world of Second Life. Second Life is a 3D virtual world created by Linden Lab, a company founded in 1999 by Philip Rosedale. It is the largest..
Hello fellow Rumblers! I'm here in the virtual world of Second Life. Second Life is a 3D virtual world created by Linden Lab, a company founded in 1999 by Philip Rosedale. It is the largest..
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