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☆ AI stocks plunge after AMD gives weak forecast for chip sales
▼ + stars: | 2024-05-01 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

AI stocks plunged on Wednesday after AMD reported guidance that put a cloud over future AI chip demand. AdvertisementAI stocks plunged on Wednesday after AMD offered analysts 2024 revenue guidance for its AI chip that was below analyst estimates. AMD raised its 2024 revenue guidance for its MI300 AI chip by $500 million to $4 billion. While supply constraints seem to be a headwind for AMD's AI chip business, so too could be competition. The company's MI300 chip is a direct competitor to Nvidia's immensely popular H100 chip, and AMD claims that its chip outperforms Nvidia's.

Persons: —, Lisa Su, Goldman Sachs, Nvidia's, Jensen Huang, Huang Organizations: AMD, Micro Computer, Nvidia, Service, Bloomberg, Nvidia's, Stanford Economic

☆ Massive drone strike suggests Ukraine is going after Russia's devastating glide bombs
▼ + stars: | 2024-04-30 | by ( Jake Epstein | ) www.businessinsider.com time to read: +6 min

AdvertisementUkraine's massive weekend drone attack on a Russian airbase deep behind enemy lines suggests Kyiv may be trying to curb the threat of Moscow's devastating glide bombs, according to new Western intelligence. Destroyed Russian glide bomb kits are visible in footage from the ground following the strike. Russia's defense ministry said in March that it began increasing production of several types of munitions — including 6,600-pound ones — that could be modified and turned into glide bombs. Saturday's strike on the Kushchyovskaya airbase isn't the first time Ukraine has gone after Russian airbases hosting fighter-bombers that can drop glide bombs. Experts have warned that Russian glide bombs pose a tremendous threat to Ukrainian forces.

Persons: —, Russia's Su, kgibcTnREI — Brady Africk, Brady Africk, Russian Su Organizations: Service, Saturday, Kyiv Independent, Ukrainian, American Enterprise Institute, Russian Defense Ministry, Getty, Institute for, Russian Locations: Russia, Kyiv, Ukrainian, Avdiivka, Moscow, Russian, Anadolu, Ukraine, Rostov

☆ AMD's data center business grew 80% but the stock is down
▼ + stars: | 2024-04-30 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

AMD reported first-quarter earnings and sales on Tuesday that were slightly ahead of Wall Street expectations, and provided an in-line forecast for the current quarter. AMD said its closely-watched Data Center segment grew 80% on a year-over-year basis to $2.3 billion thanks to sales of its MI300 AI chip, which competes with Nvidia's AI graphics processors. AMD said it had sold over $1 billion of the AI chips since it launched in the fourth quarter of 2023. AMD also makes central processors which are often paired with advanced AI chips in servers. AMD reported $1.4 billion in first-quarter sales, a 85% annual increase, suggesting that last year's PC slump is over.

Persons: Lisa Su, Su Organizations: AMD, Wall, Revenue, Intel Locations: Las Vegas , Nevada, U.S

☆ Super Micro pushes up full-year revenue forecast as it points to strong AI demand
▼ + stars: | 2024-04-30 | by ( Jordan Novet | ) www.cnbc.com time to read: +2 min

Lisa Su, chair and CEO of Advanced Micro Devices, left, and Charles Liang, CEO of Super Micro Computer, speak at the AMD Advancing AI event in San Jose, California, on Dec. 6, 2023. Notwithstanding the after-hours move, Super Micro stock is up 205% so far this year, while the S&P 500 stock index has gained 6%. If not for a key component shortage, Super Micro would have delivered more during the quarter, Liang said on a conference call with analysts. In March, Super Micro took the place of Whirlpool in the S&P 500. Reddit, GameStop and Super Micro surge

Persons: Lisa Su, Charles Liang, LSEG, Liang Organizations: Devices, Super Micro Computer, AMD, Super, Hewlett Packard Enterprise, Super Micro, Whirlpool, GameStop Locations: San Jose , California

☆ US buys 81 Soviet-era combat aircraft from Russia's ally for less than $20,000 each, report says
▼ + stars: | 2024-04-28 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe US has acquired 81 Soviet-era combat aircraft from Kazakhstan, the Kyiv Post reported. The motive behind the US purchase remains undisclosed, said the Post, fueling speculation about potential use in Ukraine, where similar aircraft are in service. Kazakhstan, formerly part of the Soviet Union, has maintained close ties to Russia and historically was one of its strongest allies. Some of Russia's outspoken propagandists have suggested that Russia should look to Kazakhstan next following its invasion of Ukraine.

Persons: —, Kassym, David Cameron, Antony Blinken, Olivier Douliery, Vladimir Solovyov Organizations: Service, Kyiv Post, Business, Mikoyan MiG, Soviet, Airforce Technology, Russian Defense Ministry, Russian Aerospace Forces, Ukrainian Air Force, Russia, Foreign, Ak, AP, AFP Locations: Kazakhstan, Kyiv, Ukraine, Soviet, Afghan, Soviet Union, Russia, Moscow, Germany, Astana, Russian, Western, China, Afghanistan, Iran

☆ US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
▼ + stars: | 2024-04-28 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe US has acquired 81 Soviet-era combat aircraft from Kazakhstan, the Kyiv Post reported. The US purchased 81 of the aged warplanes, said the Ukrainian Telegram channel Insider UA, per the Post. AdvertisementDerived from the MiG-23, the MiG-27 was a ground-attack aircraft and saw action in conflicts like the Soviet-Afghan War. Some of Russia's outspoken propagandists have suggested that Russia should look to Kazakhstan following its invasion of Ukraine.

Persons: —, Mikoyan, Antony Blinken, Kassym, Olivier Douliery, Vladimir Solovyov Organizations: Service, Kyiv Post, Business, US, Ukrainian Telegram, UA, Mikoyan MiG, Soviet, Airforce Technology, Russian Aerospace Forces, Ukrainian Air Force, Russian Defense Ministry Kazakhstan, Ak, AP, AFP Locations: Kazakhstan, Kyiv, Ukraine, Russian, Soviet, Afghan, Soviet Union, Russia, Moscow, Astana, Western, China, Afghanistan, Iran

☆ F-16s headed to Ukraine this summer will face their most dangerous battlefield ever
▼ + stars: | 2024-04-27 | by ( Jake Epstein | ) www.businessinsider.com time to read: +11 min

Ukraine is slated to receive its much-anticipated fleet of F-16 fighter jets this summer. AdvertisementThe long-awaited delivery of F-16s to Ukraine is on the horizon, and these advanced American-made fighter jets can't come soon enough for its forces. The fighter jets are expected to arrive at some point this summer, reportedly as early as June. Romanian air force F-16 fighter planes fly above the Baza 86 military air base, outside Fetesti, Romania, Monday, Nov. 13, 2023. US Air Force F-16's stand ready with bombs loaded to take off during the first daylight attack to liberate Kuwait in 1991.

Persons: —, Falcon, SAMs, Alexandru, Egypt —, John Baum, Russia —, Baum, KIRILL KUDRYAVTSEV Russia's, Tannehill, Volodymyr Zelenskyy, Mark Rutte, Peter Dejong Organizations: Service, Russia's, Rygge Air Force Base, OLE BERG, Getty, NATO, Kyiv, Israeli Air Force, AP, US Air Force, Operation, Allied Force, Yugoslavia, Air Force, Defense Technical Information, Reuters, Storm, Russia, Mitchell Institute for Aerospace Studies, US Navy, SA, Russian, AIM, INA Locations: Ukraine, Balkans, Kyiv, Romania, Norway, AFP, — Belgium, Denmark, Netherlands, Europe, Lebanon's, Israel, Yom, Romanian, Fetesti, Storm, Iraq, Pakistan, Turkey, Egypt, Afghanistan, Islamic, Kuwait, Russian, Zhukovsky, Moscow, Bekaa, East, Syria, Russia, Ukrainian, Eindhoven, Rzeszow, Jasionka, Poland, Crimean

☆ Workers earning up to $58K a year could soon become eligible for overtime pay
▼ + stars: | 2024-04-24 | by ( Jennifer Liu | In Jljenniferliu | ) www.cnbc.com time to read: +2 min

Millions more Americans could become eligible for overtime pay. Here's what to know:The new salary limitsStarting July 1, 2024, people earning less than $43,888 per year, or $844 per week, would be eligible for overtime pay. It could also cause businesses to adjust their procedures so people work fewer overtime hours, giving employees more time back. Roughly 15% of salaried workers are currently entitled to overtime pay, and that will roughly double under the new salary limits. However, it's far lower than the 60% of salaried workers who were entitled to overtime pay in the 1970s, per the EPI.

Persons: Harris, Trump, Labor Julie Su, Who's Organizations: Biden, Labor, Fair Labor, Labor Department, Institute

☆ Overtime pay: Millions more salaried workers will be eligible under final Biden administration rule
▼ + stars: | 2024-04-23 | by ( Tami Luhby | ) edition.cnn.com time to read: +3 min

CNN —Millions of salaried workers will soon qualify for overtime pay under a final rule released by the US Department of Labor on Tuesday. The new rule raises the salary threshold under which salaried employees are eligible for overtime in two stages. About 4 million more workers will qualify for overtime when the rule is fully implemented in January, the agency estimates. “Too often, lower-paid salaried workers are doing the same job as their hourly counterparts but are spending more time away from their families for no additional pay. The salary threshold will be updated every three years, starting July 1, 2027, the agency said.

Persons: Julie Su, Trump, Obama, “, ”, Ted Hollis, Brady, Sean Kennedy, DOL, Ben Brubeck, Barack Obama Organizations: CNN, US Department of Labor, Labor, Quarles, National Restaurant Association, Associated Builders and Contractors, Labor Department Locations: South, Texas

☆ ‘Our artillery is starving:’ Ukraine holds its breath as US set to approve $60bn of military aid
▼ + stars: | 2024-04-22 | by ( Andy Carey | Tim Lister | ) edition.cnn.com time to read: +7 min

The Ukraine aid bill, passed in the United States’ House of Representatives on Saturday, is now due to go to the Senate on Tuesday. At the top: artillery shells and air defense systems. “To win, we need ammunition… our artillery is starving,” an artillery reconnaissance commander with the 110th mechanized brigade, callsign “Teren,” told CNN after the vote on Saturday. While Ocheretyne itself is of no strategic value, it sits on a ridge, making it a desirable military target. “We need front-line air defense as much as we need protection for our cities and villages,” Zelensky said.

Persons: Joe Biden, ”, Volodymyr Zelensky, “, Teren, Velyka, Patrick Ryder, we’ve, Mark Warner, Chasiv Yar, Rob Lee, Russian Su, Anatolii Stepanov, ” Zelensky, Dmytro Kuleba, ” Kuleba, CNN’s Andy Carey, Victoria Butenko, Daria Tarasova, Svitlana Vlasova Organizations: Ukraine CNN —, United States ’, 110th, CNN, Ukraine’s Eastern Command, Pentagon, US Department of Defense, Senate Intelligence, CBS News, Sunday, –, Kremlin, Nazi, Getty, Patriot, Tactical Missile Systems, Warner, US, Ukrainian Locations: Kyiv, Ukraine, Russia, United, Russian, Avdiivka, Donetsk, Germany, Poland, Ukraine’s Dnipropetrovsk, Chasiv, Nazi Germany, AFP

☆ Russia's hunted A-50 command planes are its eyes over Ukraine. Here's how it compares to the Boeing E-3 Sentry.
▼ + stars: | 2024-04-17 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +13 min

Ukraine's most significant aircraft kills in 2024 are two Russian A-50 command planes. AP PhotoThe MainstayAEW&C aircraft are aerial radar stations meant to detect and track enemy weapon systems — namely aircraft, missiles, and naval ships. An E-3 Sentry takes off at Nellis Air Force Base in Nevada in January 2024. Last November, the Russians threatened to destroy a French Air Force E-3 that was operating over the Black Sea in what a French military spokesman described as "a particularly aggressive radio exchange." AdvertisementLast year, the US Air Force announced that it had selected the Boeing E-7 Wedgetail as the E-3's intended replacement.

Persons: —, Tupolev, William R, Park Chung, hee, Anwar Sadat, Joseph Barron, hasn't, Benjamin Brimelow Organizations: Service, Russian Aerospace Forces, Soviet Union, Machulishchy, State TV, Radio Company, AP, Western Allies, Beriev, Ilyushin, NATO, Nellis Air Force Base, US Air Force, System, Boeing, Air, Air Force, North American Aerospace Defense Command, NORAD, Saudi, Royal Air Force, Control Force, NATO Air Base, U.S . Air Force KC, US Air Force Ukraine, Ukrainian Air Force, Allied, French Air Force, Global Affairs, Fletcher School of Law, Diplomacy, Business, Modern, Institute Locations: Russian, Ukraine, Soviet, Minsk, Belarus, Ukrainian, USSR, China, India, Turkey, Chechnya, Georgia, Syria, Syrian, Nevada, American, Latin America, South Korea, Egypt, Saudi Arabia, Iran, Iraq, France, Chile, NATO, Germany, Europe, Azov, Russia, Poland, Romania, Australia, West

☆ The US and Israeli defeat of Iranian missiles is a big boost for its strained regional alliance
▼ + stars: | 2024-04-17 | by ( Paul Iddon | ) www.businessinsider.com time to read: +6 min

That's a boost for the regional air defense network the US wants. AdvertisementThe United States shot down more of the incoming Iranian drones than Israel and played a central role in the "multinational air defense operation" consisting of British, French, and Jordanian air forces. An anti-missile system operates after Iran launched drones and missiles towards Israel, as seen from Ashkelon, Israel on April 14, 2024. "Russia will seek to offset the US success in backing Israel by looking to buttress Iran's defense with advanced Russian systems such as the Su-35," Heras said. There were also reports last year indicating Iran also seeks the advanced Russian S-400 air defense missile system.

Persons: —, Biden, Jordan, MEAD, Nicholas Heras, Amir Cohen, Heras, Nadimi, Alexander Zemlianichenko, Su Organizations: Service, Biden, East Air Defense, UAE —, New Lines Institute, United Arab Emirates, REUTERS, Washington Institute for Near East, Islamic Revolutionary Guard Corps, AP Locations: Israel, Russia, Iran, Ukraine, Britain, France, Saudi Arabia, States, Jordanian, Israeli, Mar, Ashkelon, United States, Tehran, Russian, Syria, Moscow, Su

☆ What the new Goldilocks job market means for you
▼ + stars: | 2024-04-13 | by ( Madison Hoff | ) www.businessinsider.com time to read: +8 min

Business Insider looked at how components of the labor market have settled down, like wage growth. And that more boring but steady labor market could be great news for workers and job seekers. The US could be in a Goldilocks job market. Job switchers are seeing higher wage growth than people staying, according to the 12-month moving average of median wage growth from the Atlanta Fed's Wage Growth Tracker. So what will happen to the Goldilocks job market?

Persons: Nick Bunker, Bunker, —, That's, Julia Pollak, ZipRecruiter's, " Pollak, Pollak, Job, Julie Su, switchers, Eugenio Alemán, Raymond James, Juliana Kaplan Organizations: Service, North America, BLS Locations: Atlanta

☆ Russia's firing new, long-range Kh-69 cruise missiles, war experts say, piling on the misery for Ukraine's dwindling air defense
▼ + stars: | 2024-04-13 | by ( Cameron Manley | ) www.businessinsider.com time to read: +4 min

Russian forces have deployed a new cruise missile, the Institute for the Study of War said. AdvertisementRussian Forces are deploying a new, long-range cruise missile, known as the Kh-69, as it steps up attacks on Ukraine's energy infrastructure. A Ukrainian war monitor account, which tracks Russian aviation activity, claimed that three Kh-69s were fired at Ukraine overnight on February 7-8. Kh-69 on display Mike1979 Russia/Wikimedia CommonsAccording to The War Zone, the Kh-69 was developed by Raduga, part of Russia's Tactical Missile Corporation. Russian forces can launch the missiles from Su-34 and Su-35 tactical aircraft rather than solely from strategic bombers.

Persons: —, Volodymyr Zelenskyy, Ukraine Valentyn Ogirenko, ISW, Yevlash Organizations: Institute for, Service, Russian Forces, Washington DC, Employees, Ukraine's Air Force, Institute for Strategic Studies, European, Raduga, Russia's Tactical Missile Corporation Locations: Kyiv, Russia's, Russia, Russian, Ukraine, Ukrainian

☆ O. J. Simpson, el atleta cuyo juicio cautivó la atención de EE. UU., muere a los 76 años
▼ + stars: | 2024-04-11 | by ( Robert D. Mcfadden | ) www.nytimes.com time to read: +1 min

O. J. Simpson, que saltó a la fama en los campos de fútbol americano, hizo fortuna en el cine, publicidad y televisión con un personaje de típico estadounidense negro, y fue absuelto de los cargos de asesinato de su exesposa y un amigo en un juicio celebrado en 1995 en Los Ángeles que cautivó al país, murió el miércoles. Un jurado en el juicio por asesinato, que mostró un espejo agrietado de un Estados Unidos blanco y negro, absolvió a Simpson, pero el caso arruinó su mundo. Pagó poco de la deuda, se mudó a Florida y luchó por rehacer su vida, criar a sus hijos y mantenerse alejado de los problemas. En 2006, vendió el manuscrito de un libro, If I Did It, y una posible entrevista televisiva, en la que relataría “hipotéticamente” los asesinatos que siempre había negado haber cometido. Una protesta pública puso fin a ambos proyectos, pero la familia de Goldman obtuvo los derechos del libro, añadió material en el que imputaba la culpa a Simpson y lo publicó.

☆ China is worried about overcapacity, too — but it sees the problem differently than the US
▼ + stars: | 2024-04-11 | by ( Huileng Tan | ) www.businessinsider.com time to read: +6 min

The US treasury secretary raised concerns about China's overproduction in her recent visit to the country. China has hit back at her concerns, but it's also concerned about overcapacity, an economist says. Just like the US and all of China's trading partners, Chinese authorities are concerned about industrial overcapacity and want to curb it. She added that China's trade surplus with the world meant there might be fewer incentives for Beijing to tackle the issue. AdvertisementAnalysts expect the US debate over its trade issues with China to heat up heading into the presidential election season.

Persons: it's, —, Yue Su, Su, Janet Yellen, Janet Yellen's, Yellen, Li Qiang, Mao Ning, Mao Organizations: Service, Economist Intelligence Unit, European Union, EU, Commerce Department Locations: China, Beijing, People's Republic of China, Thailand, EU, —

☆ Yellen says U.S. plans to ‘underscore’ need for China to shift policy
▼ + stars: | 2024-04-08 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

U.S. Treasury Secretary Janet Yellen said Monday that future discussions between the U.S. and China will focus on Beijing's need to shift its policy on industry and the economy, as she wrapped up the fourth and final full day of her trip to China on April 8. Pedro Pardo | Afp | Getty ImagesBEIJING — U.S. Treasury Secretary Janet Yellen said Monday that future discussions between the U.S. and China will focus on Beijing's need to change its policy on industry and the economy. Yellen said her conversations with Chinese officials during the trip discussed plans Beijing had for its economy, but she did not elaborate. Yellen also declined to share what tools the U.S. might use to prevent China's industrial policy from resulting in the loss of American jobs. During her trip, Yellen met with top Chinese officials including Premier Li Qiang in Beijing and Vice Premier He Lifeng in Guangzhou.

Persons: Janet Yellen, Pedro Pardo, Yellen, Yue Su, Su, Premier Li Qiang Organizations: Treasury, U.S, Afp, Getty, International Monetary Fund, World Bank Group, EV, The Economist Intelligence Unit, ASEAN, Consumer, Premier, Lifeng Locations: China, BEIJING, U.S, Guangzhou, Beijing, Washington ,, Europe, Hong Kong, Washington

☆ Zelenskyy is begging for more Patriots to stop Russian strikes and bombs from tearing apart a Ukrainian city
▼ + stars: | 2024-04-08 | by ( Chris Panella | ) www.businessinsider.com time to read: +6 min

Read previewRussia has been pounding Ukraine's second largest city with strikes, intensifying its missile, drone, and glide bomb attacks on Kharkiv in recent weeks. The situation is dire, Ukrainian President Volodymyr Zelenskyy has said, and highlights the desperate need for more air-defense systems to keep Ukraine protected. On the heels of the attacks, Zelenskyy said the "situation in Kharkiv is very harsh," noting that "Russians began using guided aerial bombs against the city almost daily." And from March 18-24, just a six-day period, Russia dropped a staggering 700 glide bombs on Ukraine. Speaking about the Patriots on Saturday, Zelenskyy said that "there are air defense systems around the world that can help.

Persons: —, Volodymyr Zelenskyy, wasn't, Ihor Terekhov, …, qjqnWCikGG, Zelenskyy, UoQc9VEmTU, Sukhoi Su, Maxim Shemetov, Ukraine doesn't, Володимир Зеленський Organizations: Service, Business, Institute for, Washington DC, International Army, REUTERS, International Institute for Strategic Studies, US, Republican, Patriots Locations: Russia, Kharkiv, Ukraine, Belgorod, Avdiivka, Washington, Ryazan, London

☆ Richest Self-Made Woman Is Italian Shipping Magnate Worth $33B
▼ + stars: | 2024-04-06 | by ( George Glover | ) www.businessinsider.com time to read: +1 min

Rafaela Aponte-Diamant is the richest self-made woman on Forbes' 2024 billionaires list. The 79-year-old cofounded MSC in 1970 and it's now one of the world's largest shipping companies. Her net worth of $33 billion makes her the world's seventh-wealthiest woman, according to Forbes. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . The 79-year-old Swiss-Italian shipping magnate is worth $33 billion, according to Forbes' estimate — enough to make her the world's seventh-wealthiest woman and the joint-48th richest person overall.

Persons: Rafaela Aponte, Diamant, Forbes, it's, —, Michelle Zatlyn, Lisa Su, Taylor Swift Organizations: Forbes, Service, Business

☆ Taylor Swift, Magic Johnson, and Sam Altman made Forbes' billionaires list for the first time. Here are the newcomers to know.
▼ + stars: | 2024-04-03 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +1 min

Taylor Swift, Magic Johnson, and Sam Altman are among the new additions to Forbes' billionaire list. Swift's "The Eras Tour," Johnson's business deals, and Altman's startup bets have paid off hugely. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementTaylor Swift, Magic Johnson, and Sam Altman are among the 265 new faces on Forbes' annual list of billionaires, published this week. This story is available exclusively to Business Insider subscribers.

Persons: Taylor Swift, Magic Johnson, Sam Altman, Forbes, Lisa Su, Todd Graves, Christian Louboutin, —, Swift Organizations: Service, Forbes, Business

☆ Acting Labor Sec. Julie Su: Going to move 'heaven and earth' to help respond to bridge collapse
▼ + stars: | 2024-04-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailActing Labor Sec. Julie Su: Going to move 'heaven and earth' to help respond to bridge collapseActing U.S. Labor Secretary Julie Su joins 'Squawk Box' to discuss the latest developments in the Baltimore bridge collapse, the economic impact of the disaster, how much federal funds should be spent to rebuild the bridge, the importance of Port of Baltimore, and more.

Persons: Julie Su Organizations: Labor Locations: Baltimore, Port of Baltimore

☆ Russia's helicopters are screwing up its attempt to fool Ukraine with decoys by landing on its fake painted fighter jets: intel
▼ + stars: | 2024-04-02 | by ( Jake Epstein | ) www.businessinsider.com time to read: +3 min

AdvertisementThe UK observed this practice taking place at Kirovskoe Airfield, in the eastern part of the occupied Crimean peninsula, where Russia painted decoy fighter jets on the concrete. The trend highlights "the extent of Russian concern of future Ukrainian strikes and their ability to repel them," Britain's defense ministry said. However, it added, "Russian helicopters still regularly land on the painted decoy fighter silhouettes, completely undermining the deception attempt." AdvertisementA Russian helicopter on top of a decoy fighter jet at a Russian base in Crimea. Britain's defense ministryThe helicopter can clearly be seen casting a shadow, while the fighter jet does not have one.

Persons: —, Britain's, It's Organizations: Service, Business Locations: Russia, Ukraine, Moscow, Kirovskoe, Crimean, Crimea

☆ Singapore convicts first suspect in record money laundering case
▼ + stars: | 2024-04-02 | by ( Clement Tan | In Clemtan | ) www.cnbc.com time to read: +1 min

A Porsche 911 Targa vehicle seized by police at a residence of Su Jiafeng, one of the suspects in the S$2.8 billion money-laundering case, in Singapore, on Wednesday, Oct. 25, 2023. Singapore on Tuesday sentenced the first person to plead guilty in the Southeast Asia island-state's biggest money laundering scandal to a 13-month imprisonment. Public prosecutors went ahead with two counts of money laundering after an agreement to consider the remaining nine charges for sentencing. The Singapore police said it has seized around 6 million Singapore dollars ($4.44 million) worth of assets from Su. The value of all assets seized to date now exceeds more than 3 billion Singapore dollars, according to court documents.

Persons: Su Jiafeng, Su Wenqiang, Mercedes, Dior, Su Organizations: Cambodian, Public, Singapore, CNBC, United Overseas Bank Locations: Singapore, Southeast Asia, Philippines

☆ Meet Sharon Zhou, the AI founder doing just fine without Nvidia's chips
▼ + stars: | 2024-04-01 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

The Santa Clara giant's chips, known as GPUs, became the hottest property of the generative AI boom. In April last year, Zhou and her cofounder Greg Diamos, based in Palo Alto, brought their new startup, Lamini AI, out of stealth. It makes using AI models with GPUs like the H100 and Nvidia's new Blackwell chip, as simple as a plug-and-play system. Fortunately for them, after consulting with Diamos, according to Zhou, AMD was on its way to building a rival system that they would eventually test. it's indiscernible to customers to run Lamini on Nvidia and AMD GPUs," she explained.

Persons: —, giant's, Mark Zuckerberg, Sam Altman, hasn't, Jensen Huang, Sharon Zhou, Andrew Ng, Zhou, Greg Diamos, Lisa Su Organizations: Service, Nvidia, Business, Harvard, Stanford, Anthropic, Amazon, AMD Locations: Santa, Palo Alto, OpenAI

☆ Dramatic video appearing to show a flaming Russian Su-27 jet crashing into the Black Sea shot down by own side, Ukraine says
▼ + stars: | 2024-03-30 | by ( Cameron Manley | ) www.businessinsider.com time to read: +1 min

Russian Armed Forces appear to have downed their own Su-27 fighter jet over occupied Crimea. A Ukrainian spokesperson said human error was to blame for the Russian blunder. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRussian Armed Forces downed one of their own Sukhoi Su-27 fighter jets over Crimea on Thursday, Ukrainian officials claim. This story is available exclusively to Business Insider subscribers.

Persons: —, Su, Dmytro Pletenchuk Organizations: Russian Armed Forces, Service, Ukraine's, Russian Federation, Business Locations: Crimea

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