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☆ Nobel Prize in chemistry awarded for discovery of quantum dots that changed everything from TV displays to cancer imaging
▼ + stars: | 2023-10-04 | by ( Christian Edwards Katie Hunt Ed Upright | Christian Edwards | Katie Hunt | ) edition.cnn.com time to read: +7 min

CNN —The 2023 Nobel Prize in chemistry has been awarded to a trio of scientists who worked to discover and develop quantum dots, used in LED lights and TV screens, as well as by surgeons when removing cancer tissue. Heiner Linke, a member of the chemistry committee, explained at the announcement ceremony what made the laureates’ work so revolutionary. “The core thing about quantum dots is that, just by changing their size… you change their properties, for example their color. France-born Bawendi, got an early morning call from Stockholm breaking the news that he is one of the 2023 chemistry laureates. The Nobel committee explained how the scientists’ work had helped develop quantum dots.

Persons: Bawendi, Louis Brus, Alexei Ekimov, ”, Johan Aqvist, Heiner Linke, ” Linke, Ekimov, Moungi Bawendi, —, Brus, Jonathan Nackstrand, Judith Giordan, ” Giordan, Aqvist, “, ” Hans Ellegren Organizations: CNN, Stockholm, Massachusetts Institute of Technology, Columbia University, Nanocrystals Technology Inc, MIT, Royal Swedish Academy of Sciences, Getty, American Chemical Society, Swedish Academy of Sciences, Reuters Locations: Brus, New York, France, Stockholm, AFP

☆ Nobel Chemistry prize awarded for discovery of quantum dots used in LED lights
▼ + stars: | 2023-10-04 | by ( ) www.cnbc.com time to read: +2 min

Earlier on Wednesday, the academy appeared to have inadvertently published the names of the three scientists it said had won this year's Nobel Prize in chemistry. Nanoparticles and quantum dots are used in LED-lights and TV-screens and can also be used to guide surgeons while removing cancer tissue. Scientists Moungi Bawendi, Louis Brus and Alexei Ekimov won the 2023 Nobel Prize in Chemistry for "the discovery and synthesis of quantum dots," the award-giving body said on Wednesday. The third of this year's crop of awards, the chemistry Nobel follows those for medicine and physics announced earlier this week. While the chemistry awards are sometimes overshadowed by the physics prize and its famous winners such as Albert Einstein, chemistry laureates include many scientific greats, including radioactivity pioneer Ernest Rutherford and Marie Curie, who also won the physics prize.

Persons: Moungi, Louis Brus, Alexei Ekimov, Moungi Bawendi, Bawendi, Brus, Ekimov, Alfred Nobel, Albert Einstein, Ernest Rutherford, Marie Curie, Carolyn Bertozzi, Morten Meldal, Barry Sharpless Organizations: Royal Swedish Academy of Sciences, Massachusetts Institute of Technology, MIT, Columbia University, Nanocrystals Technology, AT, Bell Labs, U.S, Vavilov, Optical Institute, Nanocrystals Technology Inc Locations: Russian, Stockholm, Paris, France, Tunisia, Soviet Union, United States, Swedish

Sept 18 (Reuters) - Three former Qatalyst Partners bankers have formed a new investment banking boutique called AXOM Partners, which will focus on advising technology companies on mergers and acquisitions (M&A). Qatalyst, the investment bank the trio left behind, also specializes in technology deals and has the No. Most of Qatalysts's deals are worth more $1 billion, and Hightower, Bressers and Weiner will focus on deals that are smaller. Based in San Francisco, AXOM will seek to advise on deals in sectors, including enterprise software, consumer technology, e-commerce and financial technology. All AXOM employees will be rewarded on merit based on an incentive system, and will be allowed to participate in profit distributions, Hightower said.

Persons: Brandon Hightower, Alan Bressers, Ross Weiner, Hightower, Qatalyst, Bressers, Weiner, AXOM, NXP, Inphi Corp’s, Milana Vinn, Aurroa Ellis Organizations: Qatalyst Partners, AXOM Partners, Qatalyst, Expedia, Qualcomm Inc, Devices, Marvell Technology Inc, Technology, Thomson Locations: San Francisco, Qatalyst, New York

☆ Arm is trading at a premium to Nvidia after IPO pop even though it's a 'no-growth company'
▼ + stars: | 2023-09-14 | by ( Ari Levy | ) www.cnbc.com time to read: +5 min

Arm CEO Rene Haas and executives cheer, as Softbank's Arm, chip design firm, holds an initial public offering (IPO) at Nasdaq Market site in New York, U.S., September 14, 2023. Arm's Nasdaq debut on Thursday looks good for SoftBank, which just spun the company out after acquiring it in 2016. The UK-based chip design company saw its stock jump 25% to $63.59 after its IPO, lifting the company's fully diluted market cap to almost $68 billion. For now, there's not a big open market for Arm's stock. Of the $4.9 billion worth of shares SoftBank sold, $735 million were purchased by a group of strategic investors including Apple , Google , Nvidia, Samsung and Intel .

Persons: Rene Haas, Jay Ritter, there's, SoftBank, Masayoshi Son, We've, CNBC's David Faber, Matt Oguz, it's, —, Oguz, Kif Leswing, SoftBank's Masayoshi, Arm's Rene Haas Organizations: Nasdaq, Wall, Nvidia, Semiconductor, U.S, University of Florida, Apple, Google, Samsung, Intel, Venture Science, AMD Locations: New York, U.S

Alibaba Group sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song Acquire Licensing RightsSHANGHAI, Sept 13 (Reuters) - Alibaba said on Wednesday it would open its artificial intelligence model Tongyi Qianwen to the public, in a sign it has gained Chinese regulatory approval to mass-market the model. He was replaced by newly installed Alibaba Group CEO, Eddie Wu. In an internal letter to Alibaba staff on Tuesday, Wu said that AI would be at the centre of Alibaba Group's future strategy. Alibaba first unveiled Tongyi Qianwen in April, saying at the time that the AI large language model, which is similar to ChatGPT, would be integrated into all business applications.

Persons: Aly, Alibaba, Daniel Zhang, Eddie Wu, Wu, Tongyi Qianwen, Casey Hall, Tom Hogue Organizations: Artificial Intelligence, REUTERS, Rights, Cloud Intelligence Division, Zhejiang University, Thomson Locations: Shanghai, China, United States, DingTalk, Alibaba

☆ Anduril founder Palmer Luckey says the ChatGPT buzz is making politicians more interested in AI-powered weapons
▼ + stars: | 2023-09-09 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +4 min

Palmer Luckey told Breaking Defense the ChatGPT hype is making politicians interested in AI weapons. While Luckey may be best known as the founder of Oculus, in 2017 he created a defense tech startup called Anduril Industries. In a recent interview with Breaking Defense, Luckey said "ChatGPT has probably been more helpful to Anduril with customers and politicians than any technology in the last 10 years." Luckey, who referred to Anduril as an "AI company," clarified to Breaking Defense that ChatGPT wasn't actually powering Anduril's products. It builds military technology including drones, surveillance towers, and underwater vehicles powered by its AI software system, Lattice.

Persons: Palmer Luckey, Luckey, he's, that's, Palmer, ChatGPT, you'll, futher, Anduril, Andreessen Horowitz, Lockheed Martin, Trump, we've Organizations: Breaking Defense, Capitol, Pentagon, Service, Anduril Industries, Defense, Blue Force Technologies, TechCrunch, Founders Fund, Boeing, Lockheed, Department of Defense, Department of Homeland Security, CNBC, Special, Command, US Customs, Protection, Jaan, Skype, Cambridge Centre, Life Locations: Wall, Silicon, Jaan Tallinn

☆ China's 360 and iFlytek release AI models to public
▼ + stars: | 2023-09-05 | by ( Josh Ye | ) www.reuters.com time to read: +1 min

AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsBEIJING, Sept 5 (Reuters) - China's 360 Security Technology (601360.SS) and iFlytek (002230.SZ) on Tuesday became the latest tech firms to release their artificial intelligence (AI) models to the public. Unlike other countries, China requires companies to submit security assessments and receive clearance before AI products can be available for anyone to use. Authorities have recently accelerated efforts to support companies developing AI as the technology increasingly becomes a focus of competition with the United States. Hefei-based iFlytek, best known for it voice recognition technology, said it was launching its "Spark" AI model while Beiing-based 360 Security Technology, best known for its antivirus software, launched its its AI model "Zhinao", according to the state-backed Securities Times.

Persons: Dado Ruvic, Josh Ye, Jacqueline Wong, Edwina Gibbs Organizations: REUTERS, Rights, Security Technology, Authorities, Securities Times, Baidu Inc, HK, SenseTime, Thomson Locations: Rights BEIJING, China, United States, Hefei, Hong Kong, Beijing

☆ Ukraine showed off experimental new land drones, including one mounted with a turret
▼ + stars: | 2023-08-29 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +4 min

Ukraine shared images of experimental land drones it has been testing. The photos showed one mounted with a camera and what might be a turret and a feed for ammunition:Experimental drones being tested by Ukrainian forces, seen in a photo shared on August 28, 2023 by state-affiliated media. Facebook/@Михайло ФедоровIn a post, Fedorov said that 25 drones had been tested, and shared images of four different types. Most visible have been the aerial drones which both Ukraine and Russia uses for reconnaissance, targeting, to drop bombs, and also exploding drones which detonate on impact. Ukraine has made great strides in the drone market in recent months, with companies expanding their operations to land robots, the platform added.

Persons: Mykhailo Fedorov, Fedorov, Brave1, United24, Михайло Федоров Organizations: Service, Russia, Ukrainian, Facebook, Pentagon's, Innovation Unit Locations: Ukraine, Wall, Silicon, Ukrainian, Russia, Crimea

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 19, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsSummaryCompanies Jerome Powell to speak at 10:05 a.m. Powell is scheduled to deliver a keynote speech at 10:05 a.m. "While Powell is unlikely to be anywhere near as hawkish as he was last year, he won't want to declare victory either." ET, Dow e-minis were up 106 points, or 0.31%, S&P 500 e-minis were up 10 points, or 0.23%, and Nasdaq 100 e-minis were up 5 points, or 0.03%.

Persons: Brendan McDermid, Jerome Powell, Powell, Michael Hewson, Amruta Khandekar, Shinjini Organizations: New York Stock Exchange, REUTERS, Marvell Technology, Dow, Nasdaq, Federal, CMC, Fed, Traders, Nvidia, Microsoft, Dow e, Marvell Technology Inc, Thomson Locations: New York City, U.S, Maui

☆ Morning Bid: 'Flash' business funk and AI buzz
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +4 min

Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. Euro zone government bond yields and the euro tumbled as traders bet the European Central Bank may soon pause its interest-rate hike campaign, with money markets now pricing less than a 50% chance of further tightening. The dollar (.DXY) hit its highest since early June as both the euro and sterling took a hit. Existing home sales dropped to a six-month low in July, with new home sales numbers due later today. European and Japanese shares were up smartly too, but mainland Chinese stocks (.CSI300) underperformed yet again and dropped another 1%-plus.

Persons: Mike Segar, Mike Dolan, Wednesday's, John Stonestreet Organizations: Wall, New York Stock Exchange, REUTERS, Micron Technology, European Central Bank, Treasury, Federal, Jackson, Nvidia, Apple, Microsoft, Devices, Autodesk, Advance, Thomson, Reuters Locations: Manhattan, New York City , New York, U.S, Europe, Philadelphia, United States, Johannesburg

☆ Micron says federal support necessary for Idaho, New York projects
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +1 min

The company logo is seen on the Micron Technology Inc. offices in Shanghai, China May 25, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsAug 21 (Reuters) - Micron Technology (MU.O) said on Monday federal funding and investment tax credits would be necessary to develop its memory chip manufacturing facilities in Boise, Idaho and Clay, New York. President Joe Biden last year August signed a landmark bill to provide $52.7 billion in subsidies for U.S. semiconductor production and research. Micron said in September last year it will invest about $15 billion by 2032 for its facility in Idaho and the investment will create 17,000 jobs by 2030. Reporting by Akash Sriram in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Aly, Joe Biden, Akash Sriram, Shinjini Organizations: Micron Technology Inc, REUTERS, Micron Technology, U.S . Department of Commerce, Micron, Thomson Locations: Shanghai, China, Boise , Idaho, Clay , New York, Idaho, New York, Bengaluru

☆ Accelerating US economy sideswipes markets
▼ + stars: | 2023-08-17 | by ( ) www.reuters.com time to read: +4 min

A sign is seen outside the 11 Wall St. entrance of the New York Stock Exchange (NYSE) in New York, U.S., March 1, 2021. That compares with the official estimates of second-quarter GDP growth at an annualised 2.4% - itself a significant upside surprise - and Wall St forecasters are re-drawing forecasts again. Deutsche Bank on Wednesday, for example, more than doubled its third quarter real GDP call to 3.1%. The implications of such resilience in U.S. activity in the face of more than five percentage points of interest rate rises in 18 months has forced many to rethink the sustainable interest rate level over the horizon and increase long-term projections. After another heavy loss on Wall St indices (.SPX), (.IXIC) on Wednesday, futures regained some ground ahead of the bell today.

Persons: Brendan McDermid, Mike Dolan, Jackson, Christina Fincher Organizations: New York Stock Exchange, REUTERS, Micron Technology, Atlanta Federal, Deutsche Bank, Walmart, Applied, Ross Stores, Philadelphia Fed, Treasury, Housing, Reuters Graphics Reuters, Reuters, Thomson Locations: New York, U.S, Asia, Europe

☆ Morning Bid: U.S. retail therapy as China funk deepens
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +5 min

Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. China stocks fell again (.CSI300) and 10-year government bond yields fell to three-year lows. Ten-year Treasury yields hit their highest for the year at 4.23%. Elsewhere in the so-called BRICS emerging economies - the grouping of Brazil, Russia, India, China and South Africa - the dollar was also in command. Back stateside, the retail sales report will be accompanied by an earnings update from Home Depot - the first of the big retailers to report this week.

Persons: Mike Segar, Mike Dolan, Jackson, Jack Henry *, Neel Kashkari, Susan Fenton Organizations: Wall, New York Stock Exchange, REUTERS, Micron Technology, Bank of America's, Treasury, Agilent Technologies, Cardinal Health, NY, Minneapolis Federal, Thomson, Reuters Locations: Manhattan, New York City , New York, U.S, China, Japan, Brazil, Russia, India, South Africa, Ukraine, Argentina's, Canada

☆ Bonds bruised, China stocks and rouble sink
▼ + stars: | 2023-08-14 | by ( ) www.reuters.com time to read: +4 min

With seasonal trading volumes so thin and the events and data diary bare today at least, there's a danger of over-interpreting recent market developments. But the backup in long-term U.S. bond yields over the past couple of weeks despite relatively unchanged expectations for Federal Reserve policy moves has clearly unsettled investors. Although 2-year Treasury yields remain below 5% and are lower than they were at midyear, 10-year Treasury yields continue to probe 9-month highs around 4.20% and the yield curve has disinverted by some 20 basis points this month as a result. China's yuan hit its lowest since June as traders look to a possible easing of 1-year interest rates on Tuesday. Events to watch for on Monday:* U.S. Treasury auctions 3-, 6-month billsReuters GraphicsReuters Graphics Reuters GraphicsReuters GraphicsReuters GraphicsBy Mike Dolan, editing by XXXX <a href="mailto:mike.dolan@thomsonreuters.com" target="_blank">mike.dolan@thomsonreuters.com</a>.

Persons: Brendan McDermid, Mike Dolan, Fitch, Goldman Sachs, Russia's Organizations: New York Stock Exchange, REUTERS, Micron Technology, Federal Reserve, United States, AAA, Treasury, . Treasury, Kremlin, Shanghai, Reuters, Thomson Locations: New York, U.S, United, midyear, China, Japan, Ukraine, Hong Kong, Asia

REUTERS/Henry NichollsNEW YORK, Aug 9 (Reuters) - Private equity firm Symphony Technology Group (STG) is nearing a deal to acquire media editing software maker Avid Technology Inc (AVID.O) for close to $1.4 billion, including debt, according to people familiar with the matter. Palo Alto, California-based STG is a mid-market private equity firm focused on technology investments. Earlier this year, STG struck a deal to take Momentive Global Inc, the parent company of SurveyMonkey, private in a $1.5 billion deal. STG currently manages about $10 billion of assets and has invested in more than 50 companies in the technology industry. Reporting by Milana Vinn and Anirban Sen in New York; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Persons: Tom Cruise, Jennifer Connelly, Henry Nicholls, STG, Milana Vinn, Anirban Sen, Jonathan Oatis Organizations: REUTERS, Technology, Avid Technology Inc, Avid, Reuters, Impactive, Momentive, Inc, Thomson Locations: London, Britain, Burlington , Massachusetts, Palo Alto , California, New York

NEW YORK, Aug 3 (Reuters) - Symphony Technology Group (STG) and Francisco Partners are among the private equity firms competing to acquire media editing software maker Avid Technology Inc (AVID.O), according to people familiar with the matter. Avid, Goldman and Francisco Partners declined to comment. Palo Alto-based STG is a mid-market private equity firm focused on technology investments. Francisco Partners is a prolific tech investor, which has raised over $45 billion to date. Earlier this week, Francisco Partners teamed up with TPG Inc (TPG.O) to acquire New Relic (NEWR.N) for $6.5 billion.

Persons: Goldman, STG, Palo, Francisco, Milana Vinn, Anirban Sen, Sharon Singleton, Jonathan Oatis Organizations: Symphony Technology, Francisco Partners, Avid Technology Inc, Avid, Goldman Sachs, Reuters, Momentive, Inc, TPG Inc, Impactive, Thomson Locations: Burlington , Massachusetts, Palo Alto, New York

☆ Here are Tuesday's biggest analyst calls: Apple, Alphabet, Pinterest, Netflix, Amazon, Nvidia & more
▼ + stars: | 2023-07-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Tuesday's biggest calls on Wall Street: Jefferies reiterates Apple as buy Jefferies said it's expecting a "quiet quarter" when the company reports earnings Aug. 3. Wells Fargo reiterates Netflix as overweight Wells said it's bullish heading into the company's earnings report Wednesday. Jefferies reiterates Alphabet as buy Jefferies said it's bullish heading into Alphabet earnings next week. Bank of America downgrades Lumentum to neutral from buy Bank of America called the stock an "overstated" AI beneficiary. JPMorgan reiterates Amazon as overweight JPMorgan said the e-commerce giant is its top pick heading into earnings. "

Persons: Jefferies, it's, Wells, Truist, Piper Sandler, Dave, Buster's, Piper, Bernstein, Goldman Sachs, Goldman, Max, Roth, Uber, Roth MKM, it's bullish, Morgan Stanley, Evercore, Marvell, Williams Deutsche, Sherwin Williams, JPMorgan Organizations: Apple, Netflix, Argus, Warner Brothers Discovery, Citi, Polaris Citi, 2Q, Bank of America, Nvidia, American Express, Digital, Marvell Technology Inc, Global, Inc, Deutsche Bank, Sherwin, JPMorgan Locations: capex

☆ UN Secretary General embraces calls for a new UN agency on AI in the face of ‘potentially catastrophic and existential risks’
▼ + stars: | 2023-07-18 | by ( Brian Fung | ) edition.cnn.com time to read: +5 min

The UN has an opportunity to set globally agreed-upon rules of the road for monitoring and regulating AI, Guterres said Tuesday at a first-ever meeting of the UN Security Council devoted to AI governance. Its creators themselves have warned that much bigger, potentially catastrophic and existential risks lie ahead. “China firmly opposes these behaviors.”Zhang’s remarks come on the heels of reports that the US government may seek to limit the flow of powerful artificial intelligence chips to China. Addressing the security council via teleconference, Jack Clark, the co-founder of the AI company Anthropic, urged member states not to allow private companies to dominate the development of artificial intelligence. “We cannot leave the development of artificial intelligence solely to private sector actors,” Clark said.

Persons: António Guterres, Guterres, ”, James, Zhang Jun, ” Zhang, Zhang’s, Jack Clark, ” Clark Organizations: CNN, United, UN, Council, ”, Tech Locations: United Nations, China, United States, teleconference

☆ A serious accident inspired a biomedical engineer to build a VR rehab company. Things really took off when she tapped into 5G speeds.
▼ + stars: | 2023-07-17 | by ( Sarah Sloat | ) www.businessinsider.com time to read: +6 min

She founded Immersive Rehab, a digital-therapeutics company. In September 2016, Van De Keere founded Immersive Rehab, a social-enterprise startup. A Paralympic athlete and spinal-injury patient getting treatment using an Immersive Rehab tool. Immersive Rehab utilizes off-the-shelf technology including VR headsets, laptops, and external motion-tracking sensors. She said she's already seen incredible growth in headset innovation since Immersive Rehab launched.

Persons: Isabel Van De Keere, Isabel Van De, Van De Keere, Van de Keere, They've, she's, It's, we've Organizations: VR Locations: London, United Kingdom, Germany, United States

☆ France to fete India's Modi at Bastille Day celebration
▼ + stars: | 2023-07-14 | by ( Michel Rose | ) www.reuters.com time to read: +3 min

[1/3] French President Emmanuel Macron and his wife Brigitte Macron welcome Indian Prime Minister Narendra Modi at the Elysee Palace, in Paris, France, July 13, 2023. Modi began a two-day visit to Paris on Thursday. Much before buying Dassault Aviation's Rafale, India bought Mirage jets in 1980s and those still comprise two squadrons of the air force. Later on Friday, Macron will host Modi at the Elysee Palace for talks before a state banquet at the Louvre Museum. Macron has treated only a few global leaders to the Bastille Day military parade.

Persons: Emmanuel Macron, Brigitte Macron, Narendra Modi, Pascal Rossignol PARIS, Modi, Triomphe, Macron, Joe Biden, Donald Trump, Michel Rose, Frances Kerry Organizations: Indian, REUTERS, Bastille Day, India, Paris, Dassault Aviation's Rafale, Mirage, Louvre Museum, Canberra, Pentagon, Thomson Locations: Paris, France, Delhi, India's, Europe, New Delhi, India, Australia, Britain, United States

☆ VP Harris meets with labor and rights groups to discuss threats from A.I.
▼ + stars: | 2023-07-12 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

U.S. Vice President Kamala Harris speaks during the Broadband Event at the White House in Washington, D.C., June 26, 2023. "It is a false choice to suggest that we either can advance innovation, or we protect consumers," Harris said. "We should not dampen or in any way slow down innovation that can improve the condition of people's lives," Harris said. The meeting Wednesday includes groups that advocate on behalf of specific populations or on digital rights issues. Harris said the group would discuss transparency in AI, so the public can understand what is going into these systems and how they make decisions.

Persons: Kamala Harris, Harris, Alexandra Reeve Givens, Technology Harlan Yu, Janet Murguia, UnidosUS Jo Ann Jenkins, Lisa Rice, Liz Shuler, Mary Anne Franks, Wiley, Sneha Revanur, Susan Henderson, Chuck Schumer, Sam Altman Organizations: White, Washington , D.C, White House, for Democracy, Technology, Fair Housing, AFL, Cyber Civil, Conference, Civil, Rights Education, Defense, Microsoft, Google Locations: Washington ,, U.S

But the lure for OCI and others of making ammonia with a smaller carbon footprint is a business with potential beyond the farm. is the question, and I think it's a good question," OCI CEO Ahmed El-Hoshy told Reuters, when asked why his company is betting on producing so-called "blue ammonia." But even with U.S. support, blue ammonia economics hinge on further government incentives. If utility premiums don't emerge, OCI plans to use its Texas blue ammonia to make fertilizer in The Netherlands, where the company has under-utilized its plants due to high natural gas prices. OCI's Texas plant, to start production in 2025, will produce 1.1 million metric tons annually.

Persons: Ahmed El, Hoshy, Alexander Derricott, TD Cowen, JERA, Yara, Stephan Werner, Werner, Katrine Petersen, Petersen, Chris Bohn, Oystein Kalleklev, Harald Fotland, Fotland, Rod Nickel, Yuka Obayashi, Anna Driver Organizations: Reuters, OCI, REUTERS, Group, CF Industries, Gulf, CF, Yara, Mitsui, Mitsubishi, Nutrien, Investors, Germany's DWS, International Maritime Organization, Flex LNG, Avance, Victoria Klesty, Thomson Locations: Beaumont , Texas, U.S, Texas, Japan, South Korea, Netherlands, United States, El, OCI's Texas, Gulf Coast, Winnipeg , Manitoba, Oslo, Tokyo, Bengaluru

☆ Asian chip stocks rally after Micron's bullish forecast signals easing supply glut
▼ + stars: | 2023-06-29 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +2 min

The U.S. chipmaker reported third quarter earnings that beat estimates, thanks to higher demand for its memory chips driven by the booming A.I. Shares of Asian chipmakers rallied on Thursday after Micron Technology 's bullish outlook overnight, which indicated the sector's supply glut may finally be easing. "We have increased confidence that the industry has passed the bottom for quarterly revenue and year-on-year revenue growth," Mehrotra added. is driving higher-than-expected industry demand for memory and storage for A.I. servers, while traditional server demand for mainstream data center applications continues to be lackluster," Micron's statement said.

Persons: Sanjay Mehrotra, chipmaker, chipmakers, Mehrotra, Patrick Moorhead, CNBC's Organizations: Micron Technology Inc, Micron Technology, Micron, Reuters Locations: Boise , Idaho, U.S, Refinitiv

☆ Chipmaker Micron beats revenue estimates on demand from booming AI
▼ + stars: | 2023-06-28 | by ( ) www.reuters.com time to read: +1 min

[1/2] The company logo is seen on the Micron Technology Inc. offices in Shanghai, China May 25, 2023. REUTERS/Aly Song/File PhotoJune 28 (Reuters) - Micron Technology (MU.O) beat analysts' estimates for third-quarter revenue on Wednesday, driven by demand for its memory chips from the fast-growing artificial intelligence sector. The company reported revenue of $3.75 billion for the quarter ended May 31, compared with estimates of $3.65 billion, according to IBES data from Refinitiv. Micron forecast fourth-quarter revenue of $3.9 billion plus or minus $200 million for the quarter ending Aug. 31, largely in line with expectations. The company, which makes DRAM and NAND flash memory chips, reported a net loss of $1.9 billion, compared with a profit of $2.63 billion a year earlier.

Persons: Aly, OpenAI's, Akash Sriram, Sriraj Organizations: Micron Technology Inc, REUTERS, Micron Technology, Refinitiv, Micron, Thomson Locations: Shanghai, China, Bengaluru

☆ Lucid CEO says Aston Martin EV tech deal is just the beginning
▼ + stars: | 2023-06-28 | by ( Nick Carey | ) www.reuters.com time to read: +2 min

"This (deal) really kicks off that wing of the Lucid Group's business," CEO Peter Rawlinson told Reuters. Lucid's initial focus will be on providing high-performance, ultra-high voltage technology that would not be suitable for the mass-market, reflected in the Aston deal, Rawlinson said. However, he continued, its business licensing out parts should grow as the company moves to more mass-market models. Aston and Lucid share a common shareholder in Saudi Arabia's Public Investment Fund (PIF), but Rawlinson said the Saudi wealth fund played no role in the deal. "Aston Martin had options and they chose quite independently what they felt is the best technology available on the planet," he added.

Persons: Aston Martin, Peter Rawlinson, Rawlinson, Tesla, I'm, Aston, Nick Carey, Emma Rumney Organizations: EV, Aston, Reuters, Tesla's, Public Investment Fund, Thomson Locations: U.S, Arizona, Croatian, Aston, Saudi

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