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OpenAI and AMD Announce Partnership to Deploy 6GW of AI Infrastructure
AMD and OpenAI have signed a multi-year partnership to build AI infrastructure, with OpenAI set to deploy 6GW of AMD GPUs over several years and chip generations, starting with Instinct MI450 GPUs in 2026. The deal could generate tens of billions in revenue for AMD. OpenAI can purchase up to 160 million AMD shares upon meeting deployment and share ...
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Australia’s ASIC Grants Exemptions to Stablecoin Intermediaries
The Australian Securities and Investments Commission (ASIC) has introduced class relief that exempts intermediaries from needing separate licences to distribute stablecoins issued by licensed providers. The initiative is intended to lower compliance hurdles and encourage growth in the digital assets sector. At the same time, ASIC emphasised that is...
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Market Expert On Why India Struggles To Build Original Tech Giants: 'They Don't Have...'
Saurabh Mukherjea, founder of Marcellus Investment Managers, said India was still in the early part of its economic revolution.
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Indian Cities Will Need Over $2.4 Trillion By 2050 To Tackle Climate Risk: Report
Indian cities are becoming increasingly more vulnerable to floods, heatwaves, and other climate-related risks and will require over 2.4 trillion US dollars in investments by 2050 to build resilient and low-carbon infrastructure.
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UAE's New Golden Visa Rule Marks Significant Shift For Indian Investors
The recent overhaul of the UAE's Golden Visa marks a significant shift in the country's residency landscape, industry experts said on Monday.
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Opinion: Spain's Huge Power Blackout Is A Wake-Up Call For India
Politicians in New Delhi have correctly noted that solar and wind power meet three requirements they view as crucial.
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Reddit Co-Founder Alexis Ohanian Joins Frank McCourt’s Bid for TikTok
Alexis Ohanian, the co-founder of Reddit and a venture capitalist, has joined his bid to acquire TikTok's US operations. The former Los Angeles Dodgers owner and his partners submitted a bid for TikTok in early January, as a deadline approached that would require ByteDance to sell the app to a US owner or face a ban.
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Apple Close to Winning Indonesian Approval to End iPhone 16 Ban After $1 Billion Investment
Apple is close to getting Indonesia to lift its ban on iPhone 16 sales. Indonesia warmed to Apple’s proposal after Prabowo was briefed on it over the weekend at a meeting that discussed the tug-of-war between the government and Apple.
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Google's Biggest Bet Is Applying AI to Its Search Business, Says Alphabet Investment Chief
Applying AI to the search business that made Google a household name remains the largest gambit for the company, Ruth Porat, Alphabet's president and chief investment officer, said at the Reuters NEXT conference in New York on Tuesday.
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Indonesia Expects $1 Billion Investment Commitment From Apple in a Week
Indonesia's investment minister has announced that the country anticipates a $1 billion investment pledge from Apple within a week. The announcement follows the ban on iPhone 16 sales in the country due to non-compliance with local regulations. While Apple lacks manufacturing facilities in Indonesia, it has established application developer academi...
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Hugging Face Introduces Open-Source SmolVLM Vision Language Model Focused on Efficiency
Hugging Face, the artificial intelligence (AI) and machine learning (ML) platform, introduced a new vision-focused AI model last week. Dubbed SmolVLM (where VLM is an acronym for vision language model), it is a compact-sized model that is focused on efficiency. The company claims that due to its smaller size and high efficiency, it can be useful fo...
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Government Said to Expand EV Manufacturing Incentives After Tesla Disappointment
India plans to expand electric vehicle incentives to automakers building models at existing factories. India's EV policy, which is still being finalised, was originally designed to encourage Tesla to enter the market and manufacture locally but the US automaker backed off from those plans earlier this year.
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iPhone 16 Series Sales in Indonesia Blocked Over Unmet Investment Requirements
Apple has been blocked from selling its latest iPhones in Indonesia, as the company is yet to meet local investment requirements. The iPhone 16, can't be sold in the country as PT Apple Indonesia hasn't fulfilled the country's 40 percent domestic content requirements for smartphones and tablets, according to Indonesia's Ministry of Industry.
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New Mini-Moon 2024 PT5: A Major Step Towards Space Mining Opportunities
The newly discovered mini-moon, 2024 PT5, entered Earth's orbit on September 29, 2024, and will remain until November 25. This small asteroid, measuring around 10 metres, provides a unique opportunity for researchers to study near-Earth objects and explore the viability of space mining. Experts believe that asteroids contain precious metals, which ...
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Private Banks in Taiwan Seek to Explore Virtual Asset Custody Business, FSC Shows Support
During a recent press conference, Hu Zehua, an official from the Financial Supervisory Commission (FSC), announced that the regulatory body is open to allowing financial institutions to participate in trials for virtual asset custody services. The FSC aims to have a draft of a new law outlining compliance requirements ready by the end of this year.
-
OpenAI and AMD Announce Partnership to Deploy 6GW of AI Infrastructure
AMD and OpenAI have signed a multi-year partnership to build AI infrastructure, with OpenAI set to deploy 6GW of AMD GPUs over several years and chip generations, starting with Instinct MI450 GPUs in 2026. The deal could generate tens of billions in revenue for AMD. OpenAI can purchase up to 160 million AMD shares upon meeting deployment and share ...
-
Australia’s ASIC Grants Exemptions to Stablecoin Intermediaries
The Australian Securities and Investments Commission (ASIC) has introduced class relief that exempts intermediaries from needing separate licences to distribute stablecoins issued by licensed providers. The initiative is intended to lower compliance hurdles and encourage growth in the digital assets sector. At the same time, ASIC emphasised that is...
-
Market Expert On Why India Struggles To Build Original Tech Giants: 'They Don't Have...'
Saurabh Mukherjea, founder of Marcellus Investment Managers, said India was still in the early part of its economic revolution.
-
Indian Cities Will Need Over $2.4 Trillion By 2050 To Tackle Climate Risk: Report
Indian cities are becoming increasingly more vulnerable to floods, heatwaves, and other climate-related risks and will require over 2.4 trillion US dollars in investments by 2050 to build resilient and low-carbon infrastructure.
-
UAE's New Golden Visa Rule Marks Significant Shift For Indian Investors
The recent overhaul of the UAE's Golden Visa marks a significant shift in the country's residency landscape, industry experts said on Monday.
-
Opinion: Spain's Huge Power Blackout Is A Wake-Up Call For India
Politicians in New Delhi have correctly noted that solar and wind power meet three requirements they view as crucial.
-
Reddit Co-Founder Alexis Ohanian Joins Frank McCourt’s Bid for TikTok
Alexis Ohanian, the co-founder of Reddit and a venture capitalist, has joined his bid to acquire TikTok's US operations. The former Los Angeles Dodgers owner and his partners submitted a bid for TikTok in early January, as a deadline approached that would require ByteDance to sell the app to a US owner or face a ban.
-
Apple Close to Winning Indonesian Approval to End iPhone 16 Ban After $1 Billion Investment
Apple is close to getting Indonesia to lift its ban on iPhone 16 sales. Indonesia warmed to Apple’s proposal after Prabowo was briefed on it over the weekend at a meeting that discussed the tug-of-war between the government and Apple.
-
Google's Biggest Bet Is Applying AI to Its Search Business, Says Alphabet Investment Chief
Applying AI to the search business that made Google a household name remains the largest gambit for the company, Ruth Porat, Alphabet's president and chief investment officer, said at the Reuters NEXT conference in New York on Tuesday.
-
Indonesia Expects $1 Billion Investment Commitment From Apple in a Week
Indonesia's investment minister has announced that the country anticipates a $1 billion investment pledge from Apple within a week. The announcement follows the ban on iPhone 16 sales in the country due to non-compliance with local regulations. While Apple lacks manufacturing facilities in Indonesia, it has established application developer academi...
-
Hugging Face Introduces Open-Source SmolVLM Vision Language Model Focused on Efficiency
Hugging Face, the artificial intelligence (AI) and machine learning (ML) platform, introduced a new vision-focused AI model last week. Dubbed SmolVLM (where VLM is an acronym for vision language model), it is a compact-sized model that is focused on efficiency. The company claims that due to its smaller size and high efficiency, it can be useful fo...
-
Government Said to Expand EV Manufacturing Incentives After Tesla Disappointment
India plans to expand electric vehicle incentives to automakers building models at existing factories. India's EV policy, which is still being finalised, was originally designed to encourage Tesla to enter the market and manufacture locally but the US automaker backed off from those plans earlier this year.
-
iPhone 16 Series Sales in Indonesia Blocked Over Unmet Investment Requirements
Apple has been blocked from selling its latest iPhones in Indonesia, as the company is yet to meet local investment requirements. The iPhone 16, can't be sold in the country as PT Apple Indonesia hasn't fulfilled the country's 40 percent domestic content requirements for smartphones and tablets, according to Indonesia's Ministry of Industry.
-
New Mini-Moon 2024 PT5: A Major Step Towards Space Mining Opportunities
The newly discovered mini-moon, 2024 PT5, entered Earth's orbit on September 29, 2024, and will remain until November 25. This small asteroid, measuring around 10 metres, provides a unique opportunity for researchers to study near-Earth objects and explore the viability of space mining. Experts believe that asteroids contain precious metals, which ...
-
Private Banks in Taiwan Seek to Explore Virtual Asset Custody Business, FSC Shows Support
During a recent press conference, Hu Zehua, an official from the Financial Supervisory Commission (FSC), announced that the regulatory body is open to allowing financial institutions to participate in trials for virtual asset custody services. The FSC aims to have a draft of a new law outlining compliance requirements ready by the end of this year.
