Alibaba-affiliate Ant combines Chinese and U.S. chips to slash AI development costs

By -
Alibaba-affiliate Ant Group is using both Chinese and U.S.-made semiconductors to make its AI more efficient, according to a source familiar with the matter.

from Finance https://ift.tt/tDX6lg1
via Financial-Mindset

Comments

Post a Comment

Popular posts from this blog

Trump to hike China tariffs to 130% and impose software export controls next month, as trade war reignites to nearly ‘Liberation Day’ levels

By -
President Donald Trump said Friday that he will impose an additional 100% tariff on China and limit U.S. exports of software, escalating the trade war after months of it appearing to ease toward a resolution. The latest salvo came after China restricted its exports of rare earths, which are critical minerals used across industries, from the tech sector to automakers and defense contractors. Late in the afternoon, Trump took to Truth Social to decry Beijing’s “large scale Export Controls on virtually every product they make.” “Based on the fact that China has taken this unprecedented position, and speaking only for the U.S.A., and not other Nations who were similarly threatened, starting November 1st, 2025 (or sooner, depending on any further actions or changes taken by China), the United States of America will impose a Tariff of 100% on China, over and above any Tariff that they are currently paying,” he added. “Also on November 1st, we will impose Export Controls on any and all cr...
Read more

Charlie Kirk left behind a vast, lucrative network of 500,000 donors who gave Turning Point $85 million in revenue

By -
Image
Charlie Kirk was only a teenager when he launched a scrappy conservative student group out of his parents’ suburban Illinois home. A decade later, that group—Turning Point USA—has grown into a political juggernaut, generating nearly a half-billion in total revenue in the 13 years since its inception, creating a sprawling network of campus chapters, and building a media machine that rivals legacy establishments.  On Sept, 10, Kirk, a husband and father of two, was shot and killed at a Turning Point event at Utah Valley University. He was 31 years old. His death has ignited conspiracy theories, calls for gun control, and a nationwide political debate over his legacy. But it has also left the future of his formidable conservative business and non-profit enterprises hanging in the balance.   By channeling polarization and student engagement, Kirk not only built an empire that sits at the center of the American right’s culture wars, but also made himself a multi-millionaire...
Read more

U.S. stocks are chipping away at Europe’s outperformance, and Powell slipped in this dovish signal on Fed rates that Wall Street overlooked

By -
After President Donald Trump shocked global markets with his aggressive tariffs earlier this year, investors turned away from the U.S. and went elsewhere—but the scales are tilting back again. U.S. stocks have made furious rebounds, setting fresh record highs and eroding the outperformance that European markets have enjoyed for much of this year. The S&P 500 is now up 13% year to date and the Nasdaq is up 17%. As recently as late June, when the broad market index had retaken its prior all-time high , both were up 5%. Meanwhile, the DAX stock market index in Germany is up 19% so far this year, down from 20% in June. Other gauges have gained ground, but not as much as U.S. stocks have. The FTSE 100 in the U.K. is up 13% versus 8% in June. And the MSCI Europe stock index has jumped 25% for the year, up from 21%. (China is a different story. Hong Kong’s Hang Seng Index has soared 32% this year, up from its 21% year-to-date gain in June.) Sentiment has shifted dramatically about E...
Read more