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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUAE's Edge chairman discusses deal with Italian shipbuilder FincantieriUAE defense conglomerate Edge Group and Italian shipbuilder Fincantieri have launched a joint venture. Faisal Al Bannai, Edge chairman, discusses its global ambitions.
Persons: Fincantieri, Faisal Al Bannai Organizations: Edge Group, Edge Locations: UAE
UAE defense conglomerate Edge speaks about its latest technology
  + stars: | 2023-11-17 | 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 EmailUAE defense conglomerate Edge speaks about its latest technologyFaisal Al Bannai, Edge Group chairman, speaks to CNBC's Dan Murphy at the Dubai Airshow.
Persons: Faisal Al Bannai, CNBC's Dan Murphy Organizations: UAE, Edge, Edge Group, Dubai Airshow
The capability, which Intel showed off during a software developer conference held in Silicon Valley, could let businesses and consumers test ChatGPT-style technologies without sending sensitive data off their own computer. It is made possible by new AI data-crunching features built into Intel's forthcoming "Meteor Lake" laptop chip and from new software tools the company is releasing. Intel said on Tuesday that it was building a new supercomputer that would be used by Stability AI, a startup that makes image-generating software. China's Alibaba Group Holdings (9988.HK) is using its newest central processors to serve up chatbot technology, Intel said. If Intel Chief Gelsinger can make AI "so that anyone can use it, that creates a much bigger market for chips – the chips that he makes," Hutcheson said.
Persons: Arnd, Taylor Swift, Pat Gelsinger, Gelsinger, Sachin Katti, Dan Hutcheson, TechInsights, Hutcheson, Stephen Nellis, Max Cherney, Peter Henderson, Lincoln, Josie Kao Organizations: Intel Corporation, REUTERS, JOSE, Intel, ., Taiwan Semiconductor Manufacturing, Nvidia, Stability, Alibaba, Holdings, Meta, Reuters, Thomson Locations: Davos, Switzerland, California, Silicon Valley, HK, San Francisco, San Jose , California
According to the Australian Strategic Policy Institute’s critical technology tracker, China appears to be lagging more in quantum computers — which perform many calculations in one pass, making them faster than today’s digital computers that perform each calculation separately — while narrowing the gap in quantum sensing for navigation, mapping and detection. Chinese scientists have even said they are building a quantum-based radar to find stealth aircraft with a small electromagnetic storm, though quantum specialists outside China have questioned their claims. He and his start-up, with offices in Sydney, Los Angeles, Berlin and Oxford, are among a cutting-edge group of global quantum leaders who see hyperbole and statecraft in many Chinese quantum announcements and hope to capitalize on what technology-sharing partnerships like the AUKUS security agreement represent. “AUKUS, for us, is exceptionally important,” said Professor Biercuk, noting that Q-CTRL works on sensors and quantum computing. The company’s main software product, which “stabilizes the hardware against everything that goes wrong in the field,” Professor Biercuk said, is already being used by quantum developers in the United States, Canada and Europe, where precise sensor technology is also advancing.
Persons: Michael Biercuk, “ AUKUS, , Biercuk Organizations: Australian, University of Sydney Locations: China, American, Australia, Sydney , Los Angeles, Berlin, Oxford, United States, Canada, Europe
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Edge Group’s Jim Osman on Alibaba spinoff investment opportunityJim Osman, The Edge Group, joins CNBC's "Fast Money" to discuss the fallout from the Alibaba split.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDozens of varieties of chatbot will launch in coming months, Intel SVP saysNick McKeown, senior vice president at Intel's Network and Edge Group, discusses artificial intelligence and chatbots, cloud computing developments and 5G.
Housing rentals and ancillary costs have a 10.07% weightage in India's consumer price inflation basket and are near three-year highs, posing a fresh worry for the central bank that had to contend with rising food prices for most of last year. Urban housing inflation rose to 4.47% year-on-year in December 2022, versus 3.61% in the same period a year ago and 3.21% in December 2020, data from the Ministry of Statistics and Programme Implementation showed. "Core inflation has continued to remain sticky and hence an increase in housing inflation poses a significant risk to the overall inflation outlook," said Aditi Gupta, an economist at Bank of Baroda. While housing prices are not part of the consumer price inflation basket, their effect is captured through construction and raw material prices, and analysts do not expect a slowdown any time soon. Analysts said rising house prices would also feed into higher demand for services like electricity and repairs, ultimately working their way into the overall inflation basket.
An up-close look at the Intel Infrastructure Processor Unit (IPU), co-developed by Google and photographed at Google Cloud's engineering lab in Sunnyvale, California, U.S., in September 2022. Google/Handout via REUTERSOct 11 (Reuters) - Intel Corp (INTC.O) and Alphabet Inc's (GOOGL.O) Google Cloud on Tuesday said they have launched a co-designed chip that can make data centers more secure and efficient. The E2000 chip, code named Mount Evans, takes over the work of packaging data for networking from the expensive central processing units (CPU) that do the main computing. Google Cloud is starting to offer the E2000 in a new product called C3 VM which will be powered by Intel's fourth-generation Xeon processors, said Vahdat. Xeon chips are Intel's most powerful CPUs and Google Cloud is the first cloud service to deploy the latest generation of those chips, Intel said.
Sept 27 (Reuters) - Intel Corp (INTC.O) plans to expand the Intel Developer Cloud to allow customers to try a range of new chips before they hit the market, a move it hopes will lure more application developers to use its processors, the company said on Tuesday. Chip companies are increasingly enabling software and hardware developers to test out chips virtually in the cloud before they are shipped to save time. A strong software developer ecosystem is increasingly becoming a competitive edge for semiconductor hardware manufacturers. He said Intel is trying to make the developer cloud easier to use and also trying to hook the next generation of developers to make applications for Intel chips. Cheruvu said young developers face a lot of pain points in understanding the technology and experimenting with them, and that the developer cloud was helping to address some of the issues.
The US is back to record-high employment, but the labor market looks nothing like it did in early 2020. For starters, many in-person service sectors are still struggling to get back to the employment levels seen before the pandemic. Transit and ground passenger transportation, which includes school buses and public transit, is also still not back to pre-pandemic employment either. "I think overall, accommodation and the broader leisure and hospitality industry will return to pre-pandemic employment levels," Zhao said. The changing labor market could be good for workersThe labor market shakeup isn't necessarily a bad thing.
Many of them are preparing for the next phase of life in the stock market — one characterized by stimulus uncertainty and a US economic recovery that's lagging the rest of the world. He foresees a so-called squeeze higher for value stocks, and recommends that investors position their portfolios to profit from a rotation away from popular growth names. Look no further:Chart of the weekJPMorganThe JPMorgan chart above — compiled by the firm's quant guru, Marko Kolanovic — shows that value stocks are now trading at a record cheapness relative to growth. Kolanovic's takeaway from this trend is that value stocks are susceptible to a squeeze higher, and investors should rightly position their portfolios ahead of time. — Marko Kolanovic, global head of macro quantitative and derivatives research at JPMorgan, on why he sees a value-stock rally in the cards
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