It closed at 39,098.68, surpassing the record of 38,915.87 that was set in December of 1989.
Shares related to computer chips helped
to lead the rally on Feb.
22, AP reports.
On Feb.
21, Nvidia reported that its fiscal Q4
revenue jumped from $6.05 billion to $22.1 billion.
Accelerated computing and generative
AI have hit the tipping point, Jensen Huang, founder and CEO of Nvidia, via statement.
Demand is surging worldwide across
companies, industries and nations, Jensen Huang, founder and CEO of Nvidia, via statement.
Meanwhile, shares in Tokyo Electron, Advantest Corp.
And SoftBank Group Corp.
Were up 6%, 7.5% and 5.1%, respectively.
.
Prior to the recent surge, Japan's
benchmark rate has stayed at -0.1%
for more than 10 years, AP reports.
.
But within the past few months,
Tokyo share prices have risen 15%.
The past year has seen a
44% increase in share prices.
.
As Japanese companies show
signs of change I think investors
are taking a closer look, Hiromi Yamaji, group CEO of the Japan Exchange Group,
via an online briefing sponsored by 'The Financial Times'.
The generation is changing, Hiromi Yamaji, group CEO of the Japan Exchange Group,
via an online briefing sponsored by 'The Financial Times'
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
In defiance of Russia's nuclear threats, Lithuania remains steadfast in its commitment to dispatch soldiers for a training mission in Ukraine, as stated by Lithuanian Prime Minister Ingrida Simonyte in an interview with the Financial Times published on Wednesday. Simonyte's remarks come in the wake of the Russian Defense Ministry's declaration of preparations for tactical nuclear weapons exercises, citing Western "threats and provocations." Addressing concerns over potential Russian reactions, Simonyte emphasised that succumbing to such fears would paralyse action, highlighting the recurring spectre of nuclear threats. She reiterated Lithuania's resolve to support Ukraine with troops despite the risks.
#NATOMember #Lithuania #DefiesRussianThreats #TroopCommitment #UkraineMission #NATOvsRussia #NuclearTensions #SupportForUkraine #BalticSolidarity #GlobalSecurity #MilitaryAlliance #GeopoliticalConflict #EasternEurope #PeacekeepingEfforts #InternationalRelations
~HT.178~PR.152~ED.194~GR.124~
The Washington Post alleges Vikram Yadav, formerly linked with RAW, plotted to target Khalistani terrorist Gurpatwant Singh Pannun in the US. Yadav purportedly divulged Pannun's New York address to a hired hit team. The Ministry of External Affairs declined to respond. Earlier, a Financial Times report claimed the US foiled a similar plot, leading to US concerns over India's involvement. India refuted the allegations and initiated an inquiry.
#WashingtonPost #VikramYadav #RAW #Pannun #GurpatwantSinghPannun #MEA #SJaishankar #PMModi #NarendraModi #Worldnews #Biden #Oneinda #Oneindia news
~PR.320~ED.101~GR.121~HT.96~
Olympic champion Charlotte Worthington talks to BBC Sport about the mental impact of winning BMX freestyle gold in Tokyo and falling back in love with the sport. BBC Sport
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