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☆ Worried about Nvidia? This stock offers clues about when AI will go mainstream, Scotiabank says
▼ + stars: | 2024-07-03 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

NVDA 1Y line Large cloud computing firms, such as Microsoft , Amazon and Google , have bought billions of dollars worth of AI chips from Nvidia over the past two years. Investors now want to know whether these Big Tech giants will be able to make a return on their investment — a precursor for further spending on AI chips. However, "tentative" signs have started to emerge that spending on AI chips may be spurring investment in the broader economy, Capital Economics said. CGI Inc For clues as to how quickly AI technologies are being adopted, Scotiabank highlighted CGI , a Canadian multinational IT firm that helps companies introduce AI into their business models and operations. The Scotiabank analyst believes that as large companies prepare to start AI spending, CGI is set to benefit and capture any future growth.

Persons: Shant, Neil Shearing, Shearing, Divya Goyal, Goyal, GIB Organizations: Nvidia, Microsoft, Google, Investors, Big Tech, Jennison Associates, Capital Economics, Economics, Scotiabank Locations: Britain, U.S, Canadian, Canada, New York

☆ Ships Speeding Through US 'Go Slow' Zones Meant to Protect Endangered Whale -Report
▼ + stars: | 2023-10-19 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +1 min

BOSTON (Reuters) - More than 80% of ships are speeding through "go slow" zones set by environmental regulators along the U.S. East Coast to protect endangered North Atlantic Right Whales, according to a report released on Thursday by environmental group Oceana. Oceana said it analyzed boat speeds from November 2020 through July 2022 in slow zones established by the National Oceanic and Atmospheric Administration (NOAA) along the East Coast and found that 84% of boats sped through mandatory slow zones, and 82% sped through voluntary slow zones. "NOAA Fisheries’ approach evaluates overall compliance based on the percent of the total distance traveled by AIS-equipped vessels in the speed zones at compliant speeds," it said. It pointed out that ships sometimes enter the zones above 10 knots before slowing down. Oceana said it used data from Global Fishing Watch, an international nonprofit organization founded by Oceana in partnership with satellite imagery providers SkyTruth and Google, to track ship speeds and locations.

Persons: Oceana, — it's, Gib Brogan, Richard Valdmanis, Sandra Maler Organizations: BOSTON, U.S ., Atlantic, National Oceanic, Atmospheric Administration, NOAA, Reuters, NOAA Fisheries, AIS, Fishing Watch, Oceana, Google Locations: U.S, U.S . East Coast, Oceana, East Coast

☆ Ships speeding through US 'go slow' zones meant to protect endangered whale -report
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +2 min

Endangered North Atlantic Right Whales skim feed and sub-surface feed in the waters off of Cape Cod, Massachusetts, U.S., March 27, 2023. REUTERS/Lauren Owens Lambert/File Photo Acquire Licensing RightsBOSTON, Oct 19 (Reuters) - More than 80% of ships are speeding through "go slow" zones set by environmental regulators along the U.S. East Coast to protect endangered North Atlantic Right Whales, according to a report released on Thursday by environmental group Oceana. North Atlantic Right Whales are on the brink of extinction, numbering just 340, with ship strikes among the top causes of death. Oceana said it analyzed boat speeds from November 2020 through July 2022 in slow zones established by the National Oceanic and Atmospheric Administration (NOAA) along the East Coast and found that 84% of boats sped through mandatory slow zones, and 82% sped through voluntary slow zones. "NOAA Fisheries’ approach evaluates overall compliance based on the percent of the total distance traveled by AIS-equipped vessels in the speed zones at compliant speeds," it said.

Persons: Lauren Owens Lambert, Oceana, — it's, Gib Brogan, Richard Valdmanis, Sandra Maler Organizations: REUTERS, Rights, U.S ., Atlantic, National Oceanic, Atmospheric Administration, NOAA, Reuters, NOAA Fisheries, AIS, Fishing Watch, Oceana, Google, Thomson Locations: Cape Cod , Massachusetts, U.S, U.S . East Coast, Oceana, East Coast

The scientists found large whales such as humpbacks and North Atlantic right whales were among the most vulnerable to climate change, and that other toothed whales and dolphins were also at high risk. The scientists looked at the animals' degree of exposure to climate change and sensitivity and capacity to adapt to it. “The U.S. is one of the most data-rich countries when it comes to marine mammals, and those data should be driving what are arguably some of the world’s strongest laws to protect marine mammals," she said. But the way climate change affects the giant animals is global in nature, so the broader approach is helpful, she said. Climate change also could affect the distribution and behavior of marine mammals, the study states.

Persons: Matthew Lettrich, ” Lettrich, Regina Asmutis, Silvia, “, Laura Ganley, Ganley, ”, Gib Brogan, ” Brogan, Patrick Whittle Organizations: —, National Oceanic, Atmospheric Administration, U.S, National Marine Fisheries Service, NOAA, Conservation, Anderson Cabot Center, Ocean, New, Aquarium, AP Locations: PORTLAND, Maine, U.S, North Atlantic, Gulf of Mexico, Caribbean, Massachusetts, Boston, New England, United States, of Maine, Georgia, Florida, Canada, Oceana

☆ Saudi PIF-backed ADES prices IPO at top end, implying over $4 bln valuation
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +2 min

DUBAI, Sept 20 (Reuters) - Saudi oil and gas driller ADES Holding said on Wednesday it has set the final price for its initial public offering (IPO), implying a valuation of 15.242 billion riyals ($4.06 billion) for the Saudi sovereign wealth fund-backed firm. ADES confirmed the pricing for the IPO, saying it drew nearly $76.5 billion in orders from institutional investors. Its clients include state oil giant Saudi Aramco, Kuwait Oil Company and North Oil Company in Qatar. The four banks are also bookrunners and underwriters, joined by GIB Capital, HSBC, Al Rajhi Capital and Saudi Fransi Capital. Arab National Bank, Alrajhi Bank and Saudi National Bank are the receiving agents and Lazard is independent adviser to ADES.

Persons: ADES, EFG Hermes, Goldman Sachs, Lazard, Yousef Saba, Sonia Cheema Organizations: Reuters, Saudi Exchange, Kuwait Oil Company, North Oil Company, SNB, JPMorgan, underwriters, GIB Capital, HSBC, Al, Saudi Fransi Capital, Arab National Bank, Alrajhi Bank, Saudi National Bank, Thomson Locations: DUBAI, Saudi, Khobar, ADES, East, North Africa, India, Saudi Aramco, Qatar, Al Rajhi Capital

☆ Opinion: North Atlantic right whales are running out of time
▼ + stars: | 2023-08-30 | by ( Gib Brogan | ) edition.cnn.com time to read: +6 min

CNN —Video Ad Feedback Protecting whales from one of their biggest threats 03:59 - Source: CNNNorth Atlantic right whales and speeding boats just don’t mix. When a boat strikes a North Atlantic right whale, it can cause traumatic injuries and even death. Scientists estimate the species can only recover if less than one North Atlantic right whale dies per year from these human causes. Over time, it’s become clear that even smaller boats can kill North Atlantic right whales. The North Atlantic right whales are running out of time.

Persons: Gib Brogan, it’s, NOAA’s Organizations: CNN, National Oceanic, Atmospheric Administration, NOAA, NOAA Fisheries, Twitter, Facebook, Georges Bank, Day, Labor Locations: Oceana, Atlantic, East Coast, United States, Canada, New England, Florida, Nantucket

☆ Tech investor: ASML is in 'great shape' in a slightly difficult period
▼ + stars: | 2023-08-04 | 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 EmailTech investor: ASML is in 'great shape' in a slightly difficult periodNeil Brown, fund manager and head of equities at GIB Asset Management, believes ASML could face delays in delivering its chip making machines, but the company's lead in technology means it will not lose orders.

Persons: Neil Brown, ASML Organizations: Tech, GIB Asset Management

For PIF, the Lucid (LCID.O) bet is proving challenging. "The EV manufacturing plan is still one of the boldest parts of the Saudi plan," said Justin Alexander, director at Khalij Economics and Gulf analyst at GlobalSource Partners. Its investment was worth about $17.4 billion in mid-2022, the wealth fund's bond prospectus showed, and around $26 billion when Lucid was listed in 2021. The Saudi government has agreed with Lucid to buy up to 100,00 of its vehicles over the next decade. "Rather than fixing on short term results, the future of PIF's stake in Lucid will be dependent on the plans to build a Lucid factory in Saudi, on taking Lucid private again and/or on the potential integration with Ceer," said Global SWF Managing Director Diego Lopez of plans for a new Saudi EV maker.

☆ Further interest rate hikes could be 'really, really difficult' for bank stocks, fund manager says
▼ + stars: | 2023-03-31 | 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 EmailFurther interest rate hikes could be 'really, really difficult' for bank stocks, fund manager saysNeil Brown, head of equities at GIB Asset Management, discusses the outlook for central bank interest rate policy and says that the Federal Reserve may not hike rates much higher, but will likely keep them elevated throughout 2023 and into 2024.

☆ Retailers pull lobster from menus after 'red list' warning
▼ + stars: | 2022-09-08 | by ( The Associated Press | ) www.nbcnews.com time to read: +5 min

Seafood Watch, which rates the sustainability of different seafoods, said this week it has added the American and Canadian lobster fisheries to its “red list” of species to avoid. Seafood Watch assigns ratings of “best choice,” “good alternative” and “avoid” to more than 2,000 seafood items based on how sustainably they are managed. Seafood Watch assigns ratings of “best choice,” “good alternative” and “avoid” to more than 2,000 seafood items based on how sustainably they are managed. The lobster fishing industry has come under scrutiny from Seafood Watch because of the threat of entanglement in fishing gear. Members of the lobster fishing industry, which is also coping with increased federal fishing restrictions to protect the whales, pushed back against the Seafood Watch rating.

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