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The U.S. government has restricted the export of Nvidia's most advanced chips to China since 2022, with restrictions tightening last year. "These companies have made notable progress in developing AI chips tailored to specific applications (ASICs)," Wei Sun, a senior analyst at Counterpoint Research, told CNBC. China's key challengesThe flags of China and the USA are being displayed on a smartphone, with an NVIDIA chip visible in the background. Huawei leading the packTriolo identified Huawei as one of the leaders in China with its Ascend series of data center processors. In its annual report earlier this year, Nvidia explicitly identified Huawei, among other companies, as a competitor in areas such as chips, software for AI and networking products.
Persons: Nvidia's, China's, Wei Sun, Paul Triolo, Albright Stonebridge, SMIC, TSMC, Triolo, Chip IPOs Organizations: Nvidia, CNBC, Huawei, Alibaba, Baidu, Technology, Counterpoint Research, NVIDIA, Nurphoto, Wall Locations: Beijing, wean, China, U.S, USA, SMIC
Read previewMattel CEO Ynon Kreiz is trying to transform the toy maker into an entertainment company — but don't look for it to be a funder or distributor in its own right. After 2023's smash success of Greta Gerwig's "Barbie," Kreiz has become one of the most intriguing figures in Hollywood. Kreiz spoke with Business Insider on Wednesday about lessons from Barbie and how he's turning Mattel into an IP company. At a time of massive disruption in entertainment, Kreiz thinks Mattel is well-positioned. But "Barbie" established a blueprint for Mattel's future projects in working with top creatives, providing promotion power, and staying true to its brands, Kreiz said.
Persons: , Ynon Kreiz, Greta Gerwig's, Barbie, Kreiz, John Cena, . Abrams, Kara Swisher, Mattel, Mattel Mattel, What's, We're, it's Organizations: Service, Mattel, Business, Advance, YouTube, Maker Studios, Disney, Endemol Group, Warner Bros, Procter, Gamble, Adobe Locations: Hollywood, ., New York, billings
Business Insider's personal finance team compared Navy Federal Credit Union personal loans to the best personal loan companies and found it to a standard offering. Navy Federal Credit Union (NFCU) is a credit union that serves the military community and their families. Navy Federal Personal Loan Credit RequirementsNavy Federal doesn't make its minimum credit score to be eligible for a personal loan public — though in general, a higher credit score will secure you a lower rate. Navy Federal Personal Loan AlternativesNavy Federal Personal Loans vs. PenFed Personal LoansWith a range of 8.99% to 18.00%, offers a minimum loan amount than what you can get with PenFed, which as a range of 8.99% to 17.99%. Navy Federal Personal Loan FAQsWhat credit score do I need for an NFCU personal loan?
Persons: Fiona Insider’s, you'll, ber, you've, Foster, I'm, Ryan Wangman, Read, Elias Shaya, Elias, Potters Rebecca Potters, Rebecca Organizations: Navy Federal Credit, Navy Federal Credit Union, Federal Credit Union, Navy Federal, Department of Defense, Navy, Federal, National Guard, Social, Loan, Foster Care, Better, BBB, Chevron, DoD, Finance, Northwestern University, Boston Globe, Business, Banking Savings, McGill University Locations: creditworthiness, Alliant, Chevron, New York City
He founded an AI startup in 2023 and told BI the majority of his 14 employees come in five days a week. "Remote work benefits people who are more stable in their career at the expense of people who are junior," he said. BI has reported on multiple Gen Z employees who feel isolated and restricted by their remote working environment. Advertisement"If you're a new grad and you're starting a job and you just work a remote job, you're just shooting yourself in the foot," he said. He told BI, "Four or five years ago, this was the norm," adding, "Why are we even thinking remote work is normal?"
Persons: , Jeffrey Wang, Wang, Everyone's Organizations: Service, Plaid, Harvard, Business, Tech, Networking, BI Locations: San Francisco, Hawaii
Related storiesFranchetti referenced that assessment again in her speech, saying that it's "what Chairman Xi told his forces, that they should be ready for war by 2027." Fears of a US-China war have further been stoked by Beijing turning more hostile in its territorial disputes with Japan and US allies in the South China Sea. "By 2027, the Navy will be more ready for sustained combat," she said. The admiral aims to have 80% of US naval forces ready to deploy and fight anytime. "We have learned a great deal about the future of war at sea," Franchetti said.
Persons: , Lisa Franchetti, Franchetti, Xi Jinping, Xi, Joe Biden, It's, Yemen's Houthi, we've Organizations: Service, US Navy, Business, Naval War College, Democratic Progressive Party, Navy, Star, Pacific Fleet, Russia, Associated Press, 6th, Joint Chiefs, Staff Locations: China, Beijing, Taiwan, Rhode Island, People's Republic of China, Japan, South China, Russia, Iran, Republic of China, Washington, Ukraine
"You support Hamas, do you not?" "Let me ask one more time, you support Hamas, don't you?" "I think it's exceptionally disappointing you're looking at an Arab American witness before you and saying you support Hamas. You can't bring yourself to say don't support UNWRA, you don't support Hamas, you don't support Hezbollah and you don't support Iran. "The introduction of foreign policy is not how we keep Arab Americans or Jewish Americans or Muslim Americans or Black people or Asian Americans, anybody safe.
Persons: Sen, John Kennedy, Maya Berry, Kennedy, gasps, Berry, Dick Durbin, Durbin Organizations: Arab American Institute, Democratic, Hamas, United, Jewish, Muslim Locations: America, Israel, Iran, United Nations
Director James Cameron said AI is making it harder for him to write relevant science fiction. He talked about the impact of AI with Bill Gates in a newly released Netflix series. Go to newsletter preferences Thanks for signing up! For the acclaimed film director James Cameron, AI is complicating his livelihood. "It's getting hard to write science fiction.
Persons: James Cameron, Bill Gates, Cameron, Organizations: Netflix, Service, Microsoft, Business
Hanna, based in Washington State, told Business Insider that when she got the "god-inspired" urge to start sprinting, she turned to her husband for help. By 2011, Hanna was fast enough to compete in the Washington State Senior Games, a sports competition for people over 50. The next year, she competed at the National Senior Games, which she has done three more times since. Hanna and her coach, Marcus Chambers, after she won gold at the 2024 Senior Games. Hanna won gold in the four by 100 metres with her relay team at this year's National Senior Games.
Persons: , Madonna Hanna, Hanna, hasn't, Marcus Chambers, it's, you've, Nathan K, Robert, Arlene Kogod, Bryan Goldberg, Mike Molloy Organizations: Service, Business, Washington State Senior Games, National Senior Games, Washington State, British, of Sports Medicine, Aging, Mayo Clinic, Senior Games Locations: Washington State
When I was in my mid-30s and working in the corporate world, I thought that 55 would be a good age to retire. Now I'm 62, and I have no plans to retire, despite the fact that friends and even my wife are stepping back from their long-term careers. I focus on the parts of work that bring me joyBecause I own my own business, I have a lot of control over my working environment. I've carefully selected employees who can keep things running even when I'm away from work. When I'm traveling, I'm entirely unplugged, able to join Kate in her retirement mindset.
Persons: David B, Horne, I'm, they've, Kate, we've, I've Organizations: Service, Business Locations: Greece, Canada
The process of building credit is often described as a catch-22, because you already need credit to get approved for credit products like a credit card. Fizz Credit Builder Debit Card OverviewFizz is a credit-building debit card that launched in January 2023. User Reviews and RatingsCustomer reviews of Fizz Credit Builder Debit Card are mostly positive. The Fizz Credit Builder Debit Card debit card operates on the Mastercard's network. How to Get a Fizz CardTo get the Fizz Credit Builder Debit Card , you need to download the Fizz app from the Apple app store or the Google Play store.
Persons: Read, , Fizz's Organizations: Patriot Bank, Google, Apple, Mastercard, Social Locations: Chevron
However, investment bank Jefferies is drawing attention to two lesser-known chip stocks that it believes could rise by more than 100%: Aixtron and Ams OSRAM . Looking ahead, analysts at Jefferies pointed to the ongoing recovery in the semiconductor industry, with global chip sales growth accelerating to 18.7% year-over-year in July. Jefferies expects shares of Aixtron to rise by 115% to 35 euros ($38.80) a share over the next 12 months. The stock is also traded in the U.S. AIXXF 1Y line Ams OSRAM Ams OSRAM , an Austrian-German semiconductor company, recently completed the issuance of 200 million euros ($222.73 million) in senior notes, yielding 10.5% in coupon payments to replace other short-term debt due in 2024. The analysts expect shares of Ams OSRAM, listed on the Swiss stock exchange, to rise 179% over the next 12 months to 2.4 Swiss francs ($2.83).
Persons: TSMC, Jensen Huang, Blackwell, Goldman Sachs, Huang, Jefferies, Janardan Menon, Infineon, Aixtron Organizations: Nvidia, ASML, Jefferies, Ams OSRAM, The SOX Semiconductor, Nvidia's, Infineon, IFX, HVP, Ams Locations: Germany, Infineon, Aixtron, U.S, Austrian
Shares of Trump Media closed Wednesday at a new post-merger low, on the eve of the expiration of "lockup" restrictions that have barred the Truth Social owners' insiders, like majority shareholder Donald Trump, from selling their stakes. Trump Media stock fell 3.22% on relatively light trading, to close at $15.62 a share. Trump Media made its market debut on the Nasdaq in late March, after a merger with a special purpose acquisition company. For Trump Media, the lockup period expires on Thursday. ARC Global currently holds a %4.77 stake in Trump Media, which it would likely be free to sell once the lockup expires Thursday.
Persons: Donald Trump, Trump Organizations: Trump National Golf Club, Trump Media, Nasdaq, Republican, Forbes, ARC, ARC Global, attempt.Trump Media Locations: Rancho Palos Verdes , California, Delaware
Trump Media breached an agreement with one of the investors that helped the company go public, and must grant the investor a larger share of its stock, a judge ruled. After DWAC merged with Trump Media, those Class B shares were supposed to automatically convert to Class A stock at a 1:1 ratio. Analysts have come to see indivual investments in Trump Media as a proxy for supporting the Republican presidential nominee and betting on his political fortunes. Trump Media is embroiled in numerous other lawsuits with ARC and its founder, Patrick Orlando, along with others involved in the public merger. Trump Media in a filing in that same lawsuit on Monday sought an “emergency” court hearing.
Persons: Donald Trump —, Lori Will, DWAC, Will, ” Will, , Trump, Patrick Orlando Organizations: Trump Media, ARC Global, Truth, Trump, ARC, DWAC, Nasdaq, Analysts, Forbes, United Atlantic Ventures Locations: Delaware Chancery, Delaware, Florida
The orange-robed icon looks on as the pilot speedily executes a dramatic last-minute turn to land the A319 on the slender runway. That’s just another normal working day at Bhutan’s Paro International Airport (PBH), widely considered one of the most technically difficult plane landings in the world. Paro is a category C airport, which means that pilots must have special training to fly there. As the national flag carrier, Druk Air has taken much of the responsibility for pilot training on itself. He believes there are 50 licensed pilots in Bhutan, but that number could easily double in the next few years.
Persons: Bhutan CNN —, That’s, Lilit Marcus, , Chimi Dorji, Dorji, It’s, ” Dorji, isn’t, it’s, Organizations: Bhutan CNN, Paro International, CNN, Druk, Royal Bhutan Airlines, CNN Travel, Air, KLM, Qantas, Delta Air Lines, Druk Air Locations: Thimpu, Bhutan, Paro, China, India, New Delhi, Bangkok, Kathmandu, Hanoi, Bengal, , North America, Europe
Shares of Trump Media closed down 6.6% on Tuesday, ending the day at $16.14 a share. Last week, Trump said he would not sell his 114,750,000 shares of the Truth Social owner. "I have absolutely no intention of selling," Trump said at a press conference in California on Friday. The effect on Trump Media stock of the weekend threat to Trump was the opposite of how shares responded to the first assassination attempt on Trump in July. On July 15, the first trading day after the attempt, Trump Media shares closed up more than 30%.
Persons: Donald Trump, Trump, Trump's, Ryan Wesley Routh, Lori Will Organizations: Trump Media, Secret, Sunday, Republican, Trump, ARC Global, Corp, Nasdaq Locations: California, Trump's Florida, Delaware, Butler , Pennsylvania
The Federal Reserve is widely expected to start cutting interest rates Wednesday afternoon. Those yields are expected to start coming down sharply as the Fed begins to ease back on generationally high rates. Adding some duration Duration refers to a bond's price sensitivity to changes in interest rates. A bond yield moves inversely to its price, so that when bond prices rise, yields decline. Though investors in the space may be concerned about prepayment risk, especially as interest rates come down and homeowners look to refinance, Cetera says that worry may already be priced in.
Persons: Kathy Jones, Tony Miano, Jones, Schwab's Jones, Gene Goldman, Goldman, James Shagawat, Shagawat Organizations: Federal Reserve, Treasury, Schwab Center, Financial Research, Wells, Wells Fargo Investment Institute, York Life Investments, Investment Management, Investors Locations: Wells Fargo, AdvicePeriod, Paramus , New Jersey
All seven independent directors of 23andMe resigned from the company's board Tuesday, a move that CEO Anne Wojcicki said left her "surprised and disappointed," according to a memo to employees. Wojcicki, who co-founded 23andMe in 2006, said she remains committed to taking the company private. Wojcicki wrote in the employee memo, which was viewed by CNBC, that she still sees taking 23andMe private as its "best opportunity for long term success." The company will begin a search for new independent directors to join the board, she added. AnneWATCH: 23andMe CEO files to take company private
Persons: Anne Wojcicki, 23andMe, Wojcicki, Here's, Anne Organizations: 23andme Inc, Southwest, CNBC, 23andMe, Board Locations: Austin , Texas
1 for employee wellbeing, according to the 2024 Work Wellbeing 100 from Indeed and the University of Oxford's Wellbeing Research Centre. Indeed's ranking found that companies with higher work wellbeing scores also have higher valuations, returns on assets and profits. "A lot of these companies tend to prioritize work flexibility," says Kyle M.K., a talent strategy advisor at Indeed. "Companies that provide choice are the ones that tend to have a much better reputation among their employees," M.K. "By prioritizing work wellbeing, companies cultivate a more resilient, effective and happier workforce which ultimately drives business growth."
Persons: Kyle M.K, LaFawn Davis, Indeed's Organizations: University of Oxford's, Research, Nasdaq, Companies, Block, Human, Delta Air Lines, Accenture Nike, International Disney Parks, Flex, Walt Disney Company Wipro, Vans, Technology Solutions, Bros Coffee Microsoft FedEx Freight, CNBC
This has renewed focus on China's homegrown efforts to rival Nvidia and create semiconductors that can underpin the world's second-largest economy's own AI industry. Huawei then sells these chips as a part of servers that go into data centers to train AI models. Alibaba and BaiduAlibaba and Baidu both buy Nvidia chips but they are also designing their own semiconductors for AI processes. Inference is the process that follows the training of AI models, as it refers to the actual application of AI in the real world, such as a chatbot responding to user queries. Moore ThreadsMoore Threads, founded in 2020, is developing GPUs designed to train large AI models.
Persons: Paul Triolo, Albright Stonebridge, Baidu Alibaba, Wei Sun, Moore, KUAE, ByteDance Organizations: Istock, Getty, Nvidia, CNBC, Huawei Huawei, Huawei, Wall, Alibaba, Baidu, Counterpoint Research, Biren, Technologies, China Morning, Cambricon Technologies, U.S, Sequoia, GGV Locations: China, U.S, Beijing, Washington, Shenzhen, Biren's
The Iran-backed militant group said the wireless devices began to explode around 3:30 p.m. local time in a targeted Israeli attack on Hezbollah operatives. Experts say the explosions, unprecedented in their scale and nature, underscore Hezbollah’s vulnerability as its communication network was compromised to deadly effect. CNN could not geolocate the image, but has verified it was published Tuesday, the same day as the explosions. Hostilities are at an all-time high between Israel and Hezbollah following Hamas’ October 7 attack on Israel. US Secretary of Defense Lloyd Austin spoke twice with his Israeli counterpart, Israeli Defense Minister Yoav Gallant, according to two US defense officials.
Persons: Israel, , Hassan Nasrallah, , Avi Melamed, ” Melamed, David Kennedy, I’ve, John Miller, Amos Yadlin, Nasrallah, Yahya, ” Yadlin, Kim Ghattas, Ahmad Kaddoura, Miller, Ismail Haniyeh, Mohamed Azakir, , Defense Lloyd Austin, Yoav Gallant Organizations: CNN, Hamas, Middle, GPS, New York Times, Times, US National Security Agency, Intelligence, Getty, American University of, American University of Beirut Medical Center, Reuters, Global, Defense, Israeli Locations: Lebanon, Iran, Gaza, East, Israel, Lebanese, Israeli, Sidon, Anadolu, United States, Iranian, Tehran, American University of Beirut
Employers know that prioritizing employee wellbeing is the right thing to do, but there are also business benefits. Investing in work wellbeing does more than improve employee morale — it can also drive tangible business benefits. Oxford recently analyzed Indeed's work wellbeing dataset and highlighted a strong correlation between company wellbeing and business performance. Moreover, the Indeed-Oxford research reveals the long-term business benefits of prioritizing employee wellbeing. Indeed further strengthened the business case for work wellbeing with the launch of the Work Wellbeing 100, an index ranking the top 100 publicly traded companies by their Indeed Work Wellbeing Score.
Persons: Russell, — LaFawn Davis, Davis Organizations: Oxford, University of Oxford, Nasdaq, Forrester Research, Companies, Insider Studios Locations: Oxford, millennials
The Titan submersible plunged thousands of feet down the forbidding depths of the North Atlantic Ocean in search of the Titanic wreck site when it imploded, killing all five on board. OceanGate came under heavy scrutiny as a result of the disaster — an almost unheard-of occurrence in the submersible industry. But after the Titan didn’t return at its scheduled time, the Polar Prince contacted the Coast Guard. The suit remains ongoing, and a former OceanGate engineering director, Tony Nissen, named as a defendant, is expected to appear Monday at the Coast Guard hearing. “The Titan submersible did not just go down with its inventor — it went down with paying passengers.”
Persons: , Guillermo Söhnlein, Jason Neubauer, OceanGate, , voyagers, Polar Prince, Paul, Henri Nargeolet, Hamish Harding, Shahzada Dawood, Suleman, Rush, “ Stockton, I’d, ” Söhnlein, David Lochridge, Lochridge, ” OceanGate, Nargeolet, Tony Nissen, Neubauer, Peter Girguis, there’s, ” Girguis Organizations: Coast Guard, Marine Board, OceanGate, Marine Board of, Department of Justice, Polar, Stockton Rush, Associated Press, Harvard University, Oceanographic Locations: Canada’s, French, North Charleston , South Carolina, Washington, U.S
Read previewCovering aircraft with tires, as Russia has done during the Ukraine war, can confuse weapons that are looking for the plane, a US military official said recently. Multiple Russian military aircraft, including fighter jets and bombers, were spotted last year with tires placed on top of them. While some observers suggested they might be meant to confuse image-matching weapons, others said they might be intended as shields. Russia has turned to several different deceptive practices during the war beyond placing tires on its aircraft. And Russia and Ukraine have both relied on decoy military equipment, such as inflatable tanks, wooden rocket launchers, and fake radar reflectors, among other weapons.
Persons: , Schuyler Moore, " Moore, Brace, Moore's, Moore Organizations: Service, Business, US Central Command, Center for Strategic, International Studies, Russia, Kyiv, Russian Air Force, CSIS Locations: Russia, Ukraine, Russian, Moscow
Read previewSpaceX's Polaris Dawn crew successfully returned to Earth on Sunday, bringing Elon Musk one step closer to his dream of settling Mars. They donned new SpaceX spacesuits that had never been tested in orbit, opened their ship to the vacuum of space, and conducted the first-ever commercial spacewalk. On top of that, they exposed themselves to high levels of space radiation, much higher than what astronauts aboard the International Space Station undergo in the same time period. People traveling to Mars would be exposed to immense amounts of space radiation for months. So the Crew Dragon spacecraft flew through two donuts of intense radiation surrounding Earth, called the Van Allen belts.
Persons: , Elon Musk, Jared Isaacman, Jude Children's, Mars, Isaacman, Scott Poteet, Anna Menon, Sarah Gillis, Gillis, Polaris Dawn, Van Allen, Mars Polaris Dawn, they'd, 🎶S Organizations: Service, Dawn, Elon, Apollo, Business, SpaceX, St, Jude Children's Research, Polaris, US Air Force, Communications, Mars Polaris Locations: Hawthorne , California, South Texas, Gulf of Mexico, Florida's, Mars
These activities provide her satisfaction and purpose in ways more fulfilling than work. She infused her love for arts and crafts into the rest of my family. Now, a new study by Keyes and fellow researchershas found that engaging in creative activities can significantly boost well-being by providing meaningful spaces for expression and achievement. Additional study is needed to examine the social aspects of creative activities, researchers said. Arts and crafts for public healthThe researchers suggested that arts and crafts could improve public health.
Persons: Pennsylvania CNN —, , Helen Keyes, Keyes, researchershas, , ” Keyes, Frank Clark, Clark, ” Clark Organizations: Pennsylvania CNN, Anglia Ruskin University, Public Health, UK’s Department for Culture , Media, Prisma Health Locations: Southampton, Pennsylvania, England
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