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☆ Flags banned, signs ripped up: Why you can’t mention Taiwan at the Olympics
▼ + stars: | 2024-08-10 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Smith-Circle-Byline-Template.Jpg | Alexander Smith | ) www.nbcnews.com time to read: +7 min

At Paris 2024, Taiwan’s red and blue flag is banned, as is the name “Taiwan” and its anthem. Security staff confiscated a "Taiwan" towel from a fan during the men's doubles badminton semi-final last week. Taiwan is a self-governing democracy that competes as “Chinese Taipei,” an attempt to participate in the Olympics without angering mainland China. That included the women’s team table tennis quarterfinal between Chinese Taipei and China that NBC News attended Wednesday. “Taiwan Independence, go to die.”“Motherland will retake Taiwan tomorrow, okay?” said another, referring to China.

Persons: Taiwan’s Lee Yang, Wang Chi, Liang Weikeng, Wang Chang, “ Let’s, Arun Sankar, Taiwan ”, Taiwan’s Chou Tien Chen, India’s Lakshya Sen, ”, Ann Wang, “, Xi Jinping, Aytac Unal, Mark Adams, Mao Zedong’s, China’s Wang Manyu, Chien Tung, chuan, Wang Zhao, Chiang, Yu Tsing Lin, Chen Szu, Lee Yang Organizations: PARIS, Security, Getty, Taiwanese Ministry of Foreign Affairs, Olympics, Chinese Foreign Ministry, Games, Olympic, Chinese Communist Party, International Olympic Committee, NBC News, IOC, Anadolu, Nationalist, Mao Zedong’s Communists, Taiwan, Paris Games, Taipei women’s, Weibo, Taipei House Locations: Taiwan, Beijing, Russia, Belarus, Ukraine, Tokyo, Paris, China, Taipei, U.S, Republic of China, Formosa, AFP, London, Taiwan Independence

☆ I moved to Thailand for graduate school. The free degree I earned isn't recognized in the US, but it inspired my side business.
▼ + stars: | 2024-08-07 | by ( Erin Liam | ) www.businessinsider.com time to read: +6 min

Read previewThis as-told-to essay is based on a conversation with Charissa Enget, a content creator and cybersecurity architect who gained her graduate degree in Thailand. So, after I graduated with a mechanical engineering degree from Oklahoma State University in 2017 and was trying to decide where to go for a graduate degree, I thought it could be the perfect opportunity. Charissa EngetThe university experience was different from what I was used toIn my Thai university, they were taught engineering from the ground up. Charissa EngetWithout a scholarship, the graduate program would have still been more affordable than pursuing a graduate degree in the US. I've moved back to the US but travel back to Thailand oftenAfter completing my graduate degree in 2020, I returned to the US.

Persons: —, Charissa Enget, Enget, Charissa, Kasetsart, I've, Chiang Organizations: Service, Business, Oklahoma State University, Kasetsart University, Thai Locations: Thailand, China, Venezuela, Spain, New Zealand, Thai, Bangkok, American, Chiang Mai, Houston

☆ OpenAI's releasing a new AI model soon, and there's a lot at stake
▼ + stars: | 2024-07-31 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, what to expect from OpenAI's newest AI model that's in the works. GPT-5, the newest model upgrade for OpenAI's chatbot, is coming soon . AdvertisementOpenAI has a lot riding on its newest model, including its ability to get customers to cough up more cash. That's not ideal for a company that's preparing to take on one of the biggest juggernauts in tech: Google's Search.

Persons: —, Z's, Let's, Nordin Catic, OpenAI, Darius Rafieyan, Darius, ChatGPT, Justin Sullivan, Chelsea Jia Feng, it's, Sam Altman, Ned Davis, David Solomon, Goldman Sachs, David Zalubowski, Chiang Ying, Mark Zuckerberg, Jensen Huang, Alexa von Tobel, Tyler Le, Mark Zuckerberg's, It's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, Business, Getty, OpenAI, Ned Davis Research, Blackstone, Harvard, Microsoft, Starbucks, Apple, Apple Intelligence, Fed, Meta, Boeing, Kraft Locations: undergrad, New York, China, London

☆ Samsung second-quarter operating profit soars 1,458% as AI demand remains strong; results top estimates
▼ + stars: | 2024-07-31 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +3 min

Revenue: 74.07 trillion Korean won (about $53.45 billion) vs. 73.74 trillion Korean won74.07 trillion Korean won (about $53.45 billion) vs. 73.74 trillion Korean won Operating profit: 10.44 trillion Korean won vs 9.53 trillion Korean won Samsung's revenue for the quarter ended June jumped 23.42% from a year earlier, while operating profit soared 1,458.2%. For the second half, Samsung said it expects the demand from server AI to stay strong across server products including HBM and SSD. The firm added that expanding capacity to meet demand for HBM and server DRAM could further constrain supply of conventional memory chips. Memory momentumHBM memory chips are crucial for AI chips – which have seen a huge demand enabled by the AI boom. The South Korean electronics giant saw record losses in 2023 as the industry reeled from a post-Covid slump in demand for memory chips and electronics.

Persons: Joan Cros, CLSA, SK Kim Organizations: Samsung, Mobile, Getty, Nurphoto, Samsung Electronics, Korean, SK Hynix, Nvidia, SK, Daiwa, Markets, Business Locations: Barcelona, Spain, LSEG, Korean

☆ Self-driving tech company WeRide accelerates global expansion as transportation industry adopts AI
▼ + stars: | 2024-07-30 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +4 min

(Photo by Jia Tianyong/China News Service/VCG via Getty Images) China News Service | China News Service | Getty ImagesSelf-driving technology firm WeRide is accelerating its global expansion as the artificial intelligence boom boosts adoption of machine learning in transportation. Things are moving relatively fast because of the development of AI right now," said Sebastian Yee, Singapore director of business development at WeRide. In June, the firm began safety testing for "Robosweepers" in Singapore, following similar rollouts in multiple cities in China. watch now"WeRide is the only company which has [driverless] permits from the U.S., China, UAE and Singapore. Some [companies] just have permits from one or two countries, but we have four countries," said Kerry Xu, Singapore general manager of WeRide.

Persons: WeRide, Jia Tianyong, Sebastian Yee, Kerry Xu, Xu, Yee Organizations: SAE, China News Service, Getty Images, Getty, Logistics, Renault, Nissan, Mitsubishi, GAC Group, Nasdaq, U.S, SEC, Changi Airport Locations: BEIJING, CHINA, Beijing, China, Singapore, WeRide, Silicon Valley, Guangzhou, U.S, UAE, Japan, Europe, Cayman Islands, Southeast Asia

☆ The Lesser-Known Side of Harris’s Identity: Asian American
▼ + stars: | 2024-07-28 | by ( Amy Qin | ) www.nytimes.com time to read: +1 min

Daniel Chiang can remember one Asian American who ran for president in 2020: Andrew Yang, a Taiwanese American entrepreneur. But he was surprised to learn last week that there was another person running for president then, and in 2024, who counted herself an Asian American: Kamala Harris. But Ms. Harris, whose mother emigrated from India and whose father emigrated from Jamaica, is less known as an Indian American and Asian American. Asked to name a famous Asian American, only 2 percent of Americans said Kamala Harris, according to a recent survey by The Asian American Foundation. Ms. Harris does not shy away from talking about her Indian heritage and Asian American identity.

Persons: Daniel Chiang, Andrew Yang, Kamala Harris, “, ”, Chiang, Harris Organizations: Democratic, Indian, Asian American Foundation Locations: American, Taiwanese American, Connecticut, India, Jamaica, Indian American

☆ Burned out from their healthcare jobs, this millennial couple sold almost everything to take a gap year around the world
▼ + stars: | 2024-07-28 | by ( Erin Liam | ) www.businessinsider.com time to read: +6 min

Read previewA week into their honeymoon in 2022, Katie Flynn and Mistry Bhavik faced a major healthcare: Flynn had caught a severe amoeba infection while traveling in the Philippines. Both full-time pharmacists in Ontario, Canada, the couple had no idea when they could travel for a long period again. AdvertisementThe couple set a budget of $45,000 — or $123 per day for both — for their yearlong trip. Katie Flynn and Bhavik MistryTwo months into their adventure, they regularly update their Instagram page, @katieandbhav, where they have also found a community of like-minded travelers. Some millennials, like Flynn and Mistry, have turned to long-term travel to escape corporate life.

Persons: —, Katie Flynn, Mistry Bhavik, Flynn, Mistry, Bhavik Mistry Flynn, Bhavik Mistry, Olivia Young, Jo Fitzsimons, We're Organizations: Service, Business, World Health, American Psychological Association Locations: Philippines, Ontario, Canada, Japan, Thailand, Malaysia, Sri Lanka, Chiang Mai, New Zealand

☆ Apple's no longer among top 5 smartphone vendors in China as domestic brands dominate market
▼ + stars: | 2024-07-26 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

Apple was edged out of the top five smartphone vendors' list in China in the second quarter, as competition from domestic brands such as Huawei intensifies, according to a Canalys report. Apple's market share in China shrank to 14% in the second quarter, the report released Thursday showed, from 15% in the first quarter and 16% in the same period a year ago. The iPhone maker, which was the third-largest smartphone vendor in the second quarter last year, dropped to the sixth spot with about 9.7 million in shipments, according to CNBC calculations. "It is the first quarter in history that domestic vendors dominate all the top five positions," said Lucas Zhong, research analyst at Canalys. Apple's shipments have been declining since the first quarter when they dropped 25% year on year to 10 million units.

Persons: Lucas Zhong, Zhong, Canalys Organizations: Apple Smart Products, Apple, Huawei, CNBC, Canalys, Apple Intelligence Locations: Nanjing, Shanghai, China

☆ How Visa employed artificial intelligence to check $40 billion in fraud as scammers also take to AI
▼ + stars: | 2024-07-26 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

Payments giant Visa is using artificial intelligence and machine learning to counter fraud, James Mirfin, global head of risk and identity solutions at Visa, told CNBC. The company prevented $40 billion in fraudulent activity from October 2022 to September 2023, nearly double from a year ago. Fraudulent tactics that scammers employ include using AI to generate primary account numbers and test them consistently, said Mirfin of Visa. We do about 300 billion transactions a year," Mirfin told CNBC. It's looking at a range of different attributes and we're evaluating every single transaction," Mirfin said.

Persons: James Mirfin, Mirfin Organizations: Visa, CNBC, PAN

☆ Nvidia supplier SK Hynix posts highest quarterly profit in 6 years on AI chip leadership
▼ + stars: | 2024-07-25 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +3 min

A man walks past a logo of SK Hynix at the lobby of the company's Bundang office in Seongnam on January 29, 2021. SK Hynix, one of the world's largest memory chipmakers, on Thursday said second-quarter profit hit its highest level in 6 years as it maintains its leadership in advanced memory chips critical for artificial intelligence computing. Here are SK Hynix's second-quarter results compared with LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate:Revenue: 16.42 trillion Korean won (about $11.86 billion), vs. 16.4 trillion Korean won16.42 trillion Korean won (about $11.86 billion), vs. 16.4 trillion Korean won Operating profit: 5.47 trillion Korean won, vs. 5.4 trillion Korean wonOperating profit in the June quarter hit its highest level since the second quarter of 2018, rebounding from a loss of 2.88 trillion won in the same period a year ago. The South Korean giant supplies high-bandwidth memory chips catering to AI chipsets for companies like Nvidia. High-bandwidth memory chip supplies have been stretched thanks to explosive AI adoption fueled by large language models such as ChatGPT.

Persons: LSEG, SK Kim, Kim Organizations: SK Hynix, SK Hynix's, Nvidia, SK, Daiwa, Micron, Samsung Locations: Seongnam

☆ Chinese EV stocks drop after Tesla's earnings miss, General Motors delays EV plans
▼ + stars: | 2024-07-24 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

(Photo by Costfoto/NurPhoto via Getty Images)Shares of major Chinese electric vehicle companies dropped Wednesday after U.S. giant Tesla 's earnings fell short of analysts' estimates and General Motors delayed its EV plans. EV hype has been dwindling, as automakers from Tesla to General Motors scale back or delay their EV plans. Tesla shares closed 2.04% lower. Separately, General Motors on Tuesday said it was delaying further a second U.S. electric truck plant and the Buick brand's first EV. Investors were spooked by the pullbacks in growth businesses and General Motors' shares closed 6.42% lower on Tuesday despite solid financial results.

Persons: Tesla, Xpeng, Nio, Li Auto, Elon Musk, Musk Organizations: 21st Changchun International Automobile, Getty, U.S, General Motors, EV, Zhejiang Leapmotor, SAIC, Motors, Buick, Investors Locations: Changchun, Jilin province, China, Hong Kong, BYD, Zhejiang, U.S, Xpeng

☆ TSMC second-quarter profit beats expectations as AI chip boom continues
▼ + stars: | 2024-07-18 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

Taiwan Semiconductor Manufacturing Company on Thursday beat revenue and profit expectations in the second quarter, as demand for advanced chips used in AI applications continue to surge. The firm guided second-quarter revenue to be between $19.6 billion and $20.4 billion. Today, the demand is so high I had to work very hard to meet customer demand," Wei told analysts. TSMC projects third-quarter revenue between $22.4 billion and $23.2 billion. This compares to $17.3 billion in revenue posted in the same period a year ago.

Persons: C.C, Wei Organizations: Taiwan Semiconductor Manufacturing Company, Samsung, Intel, Apple, Nvidia, TSMC Locations: Taiwan, TSMC

☆ Tiger testicles and mythical banquets: What China’s emperors inside Beijing’s secretive Forbidden City really ate
▼ + stars: | 2024-07-16 | by ( Maggie Hiufu Wong | ) edition.cnn.com time to read: +21 min

CNN —The Forbidden City was once one of the most powerful places on the planet. It was called the ‘Forbidden City’ because few Chinese subjects were allowed to enter. Ancient tableware from the Forbidden City is on display at the Hong Kong Palace Museum. “The majority of (the emperors) grew up in a highly disciplined environment,” says Wang of the Hong Kong Palace Museum. Now popular worldwide, Peking duck was regularly served at Empress Dowager Cixi's Forbidden City banquets.

Persons: Zhao Rongguang, Bin Xiao Zhao, Deng Xiaoping, Beijing . Zhao, wasn’t, Zhao, Kangxi Emperor, VCG Wilson, Kangxi, ”, Qianlong Emperor, Giuseppe Castiglione, –, Qianlong, Daisy Yiyou Wang, Maggie Wong, Nicole Chiang, ” Chiang, Chiang, Emperor Qianlong, it’s, “, ” Zhao, It's, didn’t, Wang, Dowager Cixi, Empress Dowager Cixi –, Cixi, China’s, Han Quan Xi, ’ ”, Dowager, Tian, Yan ”, suckling, Tian An Yan, Leah Abucayan Organizations: CNN, Historical, of China, Beijing's, Hong Kong Palace Museum, Hong, Forbidden, Hong Kong, Museum, Everett, Communists, China Import, Fair, Communist Locations: Europe, Beijing, China, Chinese, Heilongjiang, Paris, Beijing ., Prosperity, Netherlands, Italian, City, Hong Kong, It’s, Beijing’s, Forbidden City, Jiangnan, Hangzhou, Shanghai, Mongolia, Qianlong, Guangzhou, Japan, East Asia, Peking, Imperial

☆ Money launderers are increasingly turning to crypto to conceal flow of funds, Chainalysis says
▼ + stars: | 2024-07-16 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

Money launderers are increasingly using cryptocurrencies to conceal the origins and movement of illegally-obtained funds, according to a report by Chainalysis. In 2024, money laundering in crypto encompasses all crime — not just that which is inherently tied to the crypto ecosystem," the blockchain analytics firm said in a July report. Money launderers use various methods such as crypto mixers, cross-chain bridges and "hops" between wallets to conceal the flow of funds. Crypto mixers, or tumblers, involve mixing crypto from various sources to make the detection of their origin and ownership difficult. Bad actors also leverage on crypto bridges to hide the origins of funds by moving them between different blockchain networks.

Persons: — Locations: Paris, France

☆ I've traveled to 90 countries. I only found one place I want to live.
▼ + stars: | 2024-07-14 | by ( Lola Méndez | ) www.businessinsider.com time to read: +1 min

Lola Méndez has been traveling full-time for nine years and has visited 90 countries. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . I traveled around the world, living in cities across Spain, Italy, India, Vietnam, Uruguay, and Mexico — and visited 90 countries. Eventually I realized that Chiang Mai, Thailand, was the only place I wanted to live. This story is available exclusively to Business Insider subscribers.

Persons: Lola Méndez, Chiang Mai, —, Mexico — Organizations: Service, Business Locations: Thailand, California, New York, Spain, Italy, India, Vietnam, Uruguay, Mexico, America, Asia

☆ Apple expands Vision Pro to more countries outside the U.S.
▼ + stars: | 2024-07-12 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

The Apple Vision Pro headset is displayed at the Fifth Avenue Apple store on Feb. 2, 2024 in New York City. Apple's mixed reality headset, the Vision Pro, will become available in more countries outside of the U.S. on Friday. The Vision Pro will also hit the shelves in Canada, France, Germany and the U.K. when stores open. At one of Apple's largest stores in London on Regent Street, customers booked slots for demos with the Vision Pro. But the Vision Pro demos offer Apple a chance to convince people why they should drop $3,499 for its headset — far pricier than other mass-market headsets.

Persons: Bryan Ma Organizations: Apple, Fifth, Vision, Singapore –, Regent, International Data Corporation Locations: New York City, Australia, Canada, France, Germany, China, Hong Kong, Japan, Singapore, London

☆ JPMorgan is bullish on this Southeast Asian country, cites opportunities in data centers
▼ + stars: | 2024-07-11 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

NEW YORK, NEW YORK - MAY 26: The JPMorgan Chase logo is seen at their headquarters building on May 26, 2023 in New York City. Data centers have been widely talked about and Malaysia is emerging as an attractive investment opportunity offering different sectors and ideas to play, according to JPMorgan. "It's a multi-theme story going on," Rajiv Batra, head of Asia-Pacific (ex-Japan/China) equity strategy at JPMorgan, told CNBC's "Squawk Box Asia" Wednesday. Penang has proven themselves as a tech hub overall," said Batra, adding that Malaysia offers "multiple sectors and ideas to play." "Besides that, we are seeing they are going into the electric vehicles, they are going into the green energy overall.

Persons: Rajiv Batra, CNBC's, Batra Organizations: NEW, JPMorgan Chase, New York City ., JPMorgan, Malaysia Locations: New York City, Malaysia, Asia, Pacific, Japan, China, Penang, Kuala Lumpur, Southeast Asia

☆ 'Don't get tired': Samsung Electronics workers extend strike indefinitely, say chip production disrupted
▼ + stars: | 2024-07-10 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

Workers at South Korean tech giant Samsung Electronics will extend an unprecedented strike over pay and benefits "indefinitely," its labor union said in a statement on Wednesday. This is the first strike by the labor union in Samsung Electronics' entire 55-year history, according to local media. "The company remains committed to engaging in good faith negotiations with the union," Samsung said. The NSEU, which extended the strike saying Samsung management was not keen on holding discussions, asserted the strike had disrupted chip production. Samsung Electronics is the world's largest maker of memory chips, commonly found in consumer devices such as smartphones and laptops.

Persons: Samsung, Yonhap, – CNBC's Lim Hui Jie Organizations: National Samsung Electronics Union, Workers, South, Samsung Electronics, Samsung, Hyundai Motor, Korean Locations: Hwaseong, South Korean

☆ Stolen crypto doubled to $1.38 billion in the first half of 2024, research firm says
▼ + stars: | 2024-07-09 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

Hackers more than doubled their cryptocurrency spoils in the first half of 2024 compared with a year ago, a report from blockchain research firm TRM Labs showed. The report said $1.38 billion worth of crypto was looted between Jan. 1 and June 24, more than twice as much as the $657 million stolen in the same period a year ago. The largest heist so far this year swiped more than $300 million worth of bitcoin from Japanese crypto exchange DMM Bitcoin. TRM Labs said there have not been fundamental changes in the crypto ecosystem's security that could have contributed to the increase in amount stolen. But the firm noted that crypto prices have been higher on average in the first half of this year, which could have contributed to the higher value of stolen crypto.

Organizations: TRM Labs, Labs

☆ Stephen King, Sarah Jessica Parker and More Share Their Top Books of the 21st Century
▼ + stars: | 2024-07-08 | by ( The New York Times Books Staff | ) www.nytimes.com time to read: +26 min

To determine the best books of the 21st century , The New York Times Book Review and The Upshot polled hundreds of literary luminaries. Stephen King Stephen King has written more than 60 books, many of which have been adapted for film and television. Min Jin Lee Min Jin Lee has written two novels: FREE FOOD FOR MILLIONAIRES and PACHINKO, which was one of The Times’s 10 Best Books of 2017. Scott Turow Scott Turow is an attorney and writer best known for legal thrillers like PRESUMED INNOCENT and THE BURDEN OF PROOF. DU BOIS, was one of The Times’s 10 Best Books of 2021.

Persons: Stephen King Stephen King, ”, Ian McEwan ●, Christine Falls, Benjamin Black ●, Donna Tartt, Gillian Flynn ●, Cormac McCarthy ●, Margaret Atwood ●, Sarah Waters ●, Philip Roth ●, Viet Thanh Nguyen, “, Stephen King, Min Jin Lee Min Jin Lee, Anthony Doerr ●, Katherine Boo ●, Colm Tóibín ●, Julie Otsuka ● “, Tara Westover ● “, Matthew Desmond ● “, Marilynne Robinson, Edward P, Jones, Barbara Ehrenreich ●, Phil Klay Karl Ove Knausgaard Karl Ove Knausgaard, Roberto Bolaño ● “, Maggie Nelson ● “, Elena Ferrante ● “, Ben Marcus ● “, Emmanuel Carrère ●, Kazuo Ishiguro ●, Claire Keegan ● “, Peter Handke ●, Denis Johnson ●, Svetlana Alexievich, Bonnie Garmus Bonnie Garmus, Barnes, Nehisi Coates, Barbara Kingsolver ●, Tara Westover, Matt Ridley ●, Harry Potter, Prince, Rowling ●, Dave Eggers ●, Henry David Thoreau, Laura Dassow, Ben Rice ●, Colson Whitehead ●, Timothy Egan Nana Kwame Adjei ‑ Brenyah Nana Kwame Adjei ‑, ZZ Packer, Diana Khoi Nguyen, “ Greenwood, Michael Christie, Solmaz Sharif, Min Jin Lee ● “, George Saunders ● “, Jesmyn Ward, Ted Chiang ●, George Saunders ●, Colson Whitehead, Chimamanda Ngozi, Edwidge Danticat, Aracelis Girmay, Natsuo Kirino, Roberto Bolaño ●, Francisco Goldman ●, Paul Beatty Sarah Jessica Parker Sarah Jessica Parker, Tayari Jones, Sting, Paul Murray ●, Megha Majumdar ●, Anthony Marra ●, Jonathan Franzen ●, Donna Tartt ●, Janika Oza, Patrick Radden Keefe, Sonali Deraniyagala James Patterson James Patterson, Bill Clinton, Dolly Parton, J.D . Barker, Stephen King ● “, Markus Zusak ●, Tara Westover ●, Stieg Larsson, Gillian Flynn, Rowling, Anthony Bourdain ●, Keith Richards, James Fox ●, Dennis Lehane ●, Laura Hillenbrand Elin Hilderbrand Elin Hilderbrand, “ Alice, Oliver, Charles Bock ●, Curtis Sittenfeld, Tim Winton ●, Lily King ● “, Anna Quindlen ●, Lauren Groff ● “, Maggie O'Farrell, Raven Leilani, Erin Morgenstern Annette Gordon ‑ Reed Annette Gordon, Reed, Siddhartha Mukherjee, Annette Gordon, Reed ●, Henrietta, Rebecca Skloot ●, Louis Menand ●, Isabel Wilkerson ●, Hilary, Rebecca Roanhorse Rebecca Roanhorse, Hugo, Ann Leckie ● “, Ted Chiang ● “, Kim Stanley Robinson ●, Stephen Graham Jones ●, Ken Liu ●, Djèlí Clark ●, Louise Erdrich ●, Theodore Sturgeon Marlon James Marlon James, Booker, Maria McCann ● “, Bird, James McBride ●, Alan Hollinghurst ●, Min Jin Lee ●, Skippy, Patrick French Roxane Gay Roxane Gay, Michael Chabon ●, Alicia Erian ●, Bernardine Evaristo, Kiese Laymon, Carmen Maria Machado ●, Zadie Smith, Emma Donoghue ●, Ann Patchett Jonathan Lethem Jonathan Lethem, Eugene Lim ●, Olga Ravn ●, Percival Everett ●, Keith Ridgway ●, Renee Gladman ●, Lydia Millet ● “, Helen DeWitt ● “, Robin McLean ●, Christopher Sorrentino Sarah MacLean Sarah MacLean, Angelina M, Lopez ● “, Lisa Kleypas ●, Jennifer Crusie ●, Circe, Madeline Miller, Kresley Cole ●, Beverly Jenkins ● “ Georgie, Kate Clayborn ● “ Hana Khan, Uzma Jalaluddin, Milla Vane ● “, Sherry Thomas Ed Yong Ed Yong, Bel Canto, Ann Patchett, Nana Kwame Adjei, Abed Salama, Nathan Thrall, Mohsin Hamid ● “, Helen Macdonald ● “, Jenny Odell ●, Julie Otsuka, Amal El, Max Gladstone ●, Hernan Diaz, Thomas Chatterton Williams Thomas Chatterton Williams, Hagar's, Jones ●, Catherine Lacey ● “, Dana Spiotta, Joan Silber ● “ Malcolm X, Manning Marable, Alice Munro ●, Hua Hsu, Veronica, Mary Gaitskill ●, Isabel Wilkerson Paul Tremblay Paul Tremblay, Mark Z, Joker, Kaoru Takamura ●, Benjamín Labatut, Stephen Graham Jones, Mariana Enriquez ●, Sara Levine ●, Colson Whitehead Nick Hornby Nick Hornby, Michael Chabon, David Kynaston ●, Billy Lynn's, Ben Fountain ●, Richard Russo, Olive Kitteridge, Elizabeth Strout ●, Mark Harris ●, Adrian Nicole LeBlanc ●, Scott Turow Scott Turow, Sam Quinones ● “, Elena Ferrante, Ann Goldstein, ●, Timothy Snyder ●, Adam Johnson ●, Ann Goldstein ●, Daniel Kahneman ● “, Daniel Alarcón Daniel Alarcón, Oscar Wao, Junot Díaz, Claudia Rankine, Jones ● “, Adrian Nicole LeBlanc ● “, Patrick Radden Keefe Honorée Fanonne Jeffers Honorée Fanonne Jeffers, Victor Luckerson ●, Alice Walker ●, Toni Morrison ●, Toni Morrison ● “, Ibram X, Tiya Miles ●, Isabel Wilkerson Lucy Sante Lucy Sante, Uwe Johnson, Damion Searls, Jeremiah Moss ●, Sigrid Nunez ●, Ian Penman, Mike DeCapite ●, Rachel Kushner ●, Ed Park ●, Svetlana Alexievich Gary Shteyngart Gary Shteyngart, Pitchaya Sudbanthad, Amy Hempel, Amy Hempel ● “, Colm Tóibín, Joseph O’Neill ●, Rachel Cusk ●, Tony Judt ●, Isabel Wilkerson Anand Giridharadas Anand Giridharadas, Jane Mayer ●, Andrew Solomon ● “, Hanya Yanagihara, Suketu Mehta, Karl Ove Knausgaard ●, Asne Seierstad, Joan Didion Jessamine Chan Jessamine, Barack Obama, Tang, Chloé Cooper Jones, Andrea Elliott ● “, Jenny Erpenbeck, Lauren Groff ●, Cathy Park Hong, Sheila Heti ●, Dorothy Roberts Michael Robbins Michael Robbins, Michael Robbins, Kristin Ross ●, Lauren Berlant, Andreas Malm ●, Anahid Nersessian, “ Lila, Mike Davis ●, Chelsey Minnis, Fred Moten ●, Mary Gaitskill Alma, Alma Katsu, Jonathan Strange, Norrell, Susanna Clarke ● “, Sarah Waters, Julie Otsuka ●, Audrey Niffenegger ●, Megan Abbott Megan Abbott, Edgar, Joyce Carol Oates, Kate Atkinson ●, Robert Kolker ●, Oyinkan Braithwaite ●, Daniel Woodrell ●, Joan Didion Joshua Ferris Joshua Ferris, Hemingway, Anne Enright, Patricia Lockwood ●, Paul Harding ●, Ann Napolitano Ann Napolitano, David Mitchell ●, Yaa Gyasi, Emily St, John Mandel ●, John Irving John Irving, OWEN MEANY, John Boyne, Paul Theroux, Abraham Verghese ●, James Salter ●, 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Whitehead’s CROOK, Omar El Akkad, Wolf, Marlon James ● “, Winfred Rembert, Cixin Liu ● “, Dave Eggers ● “, George Floyd, Robert Samuels, Toluse, Jonathan Eig ●, Jonathan Eig ● “ Washington, Jeremy Denk Jeremy Denk, David Foster Wallace ●, Jeff, Geoff Dyer ●, Hanif Abdurraqib, Elif Batuman, Alex Ross ●, Kate Molleson Morgan Jerkins Morgan Jerkins, Zora Neale Hurston, Haruki Murakami ●, Masha Gessen ●, Safiya Sinclair ● “, Carmen Maria Machado ● “, Imani Perry, Jesmyn Ward Michael Roth Michael Roth, Amy Bloom, Saidiya Hartman, Valeria Luiselli ●, Jon Fosse, Daniel Kahneman ●, Ben Lerner ●, Jennifer Egan Organizations: New York, Argonauts, J.K, Railroad, Corrections, ”, A.M, Harvard University, OF, Metaphysical, Suns, Ministry, Indians, The New York Times, Hawthorn, Child, Roberto Bolaño ● “, New Yorker, NPR, University of Oklahoma, DU BOIS, PEN, “, Yale Law School, THE, Umberto Eco, Beginners, MacArthur Foundation, Wesleyan University, Topeka School Locations: ”, Brooklyn, Norwegian, Ben 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☆ Southeast Asia's IPO market fell drastically in the first half, but AI listings could revive it
▼ + stars: | 2024-07-08 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

Southeast Asia's IPO market declined significantly in the first six months of 2024, with market capitalization plunging 71% to $5.8 billion, a report from Deloitte showed. There were no blockbuster IPOs from January to June, with only one large IPO with market capitalization of more than $1 billion and raising more than $200 million, Deloitte said. In the same period a year ago, there were three large IPOs which raised more than $600 million each. The downward trend signals "subdued IPO market sentiments where investors and IPO candidates continue to navigate macroeconomic factors," Deloitte said. Still, the report pointed out that historically, the latter half of the year "has always been the better performing half between 2020 to 2022."

Persons: Deloitte Organizations: Deloitte

☆ Samsung shares hit over 3-year high after better-than-expected guidance on strong AI demand
▼ + stars: | 2024-07-05 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

The stock climbed as much as 2.24% on Friday morning, trading at a high of 86,500 Korean won ($62.73), according to LSEG data. The expected operating profit beat a LSEG estimate of 8.51 trillion won. The firm also said it expects revenue for the second quarter to be between 73 trillion to 75 trillion won, from 60.01 trillion won a year ago. This is in line with the 73.7 trillion won estimated by LSEG analysts. The South Korean electronics giant saw record losses in 2023 as the industry reeled from a post-Covid slump in demand for memory chips and electronics.

Persons: Joan Cros Organizations: Samsung, Mobile, Getty, Samsung Electronics, South, LSEG, Business Locations: Barcelona, Spain, Korean

☆ China leads the patents race for generative AI, with Tencent and Baidu topping the list
▼ + stars: | 2024-07-04 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

TIANJIN, CHINA - JUNE 20: A humanoid robot Xiao Qi is on display during the 2024 World Intelligence Expo at the National Convention and Exhibition Center (Tianjin) on June 20, 2024 in Tianjin, China. (Photo by VCG/VCG via Getty Images)China dominates the global race in generative artificial intelligence patents, filing more than 38,000 patents from 2014 to 2023, a new United Nations report on Thursday showed. Generative AI is a type of artificial intelligence that allows users to generate content such as text, images, music, audio, and videos. Geographically, China leads with 38,210 inventions, far surpassing the U.S. (6,276), Republic of Korea (4,155), Japan (3,409) and India (1,350). Generative AI patents currently make up 6% of total AI patents in the world, according to the report.

Persons: Xiao Qi Organizations: National Convention, Exhibition Center, Getty Images, United Nations, U.S, UN, Intellectual, Organization Locations: TIANJIN, CHINA, Tianjin, China, Republic of Korea, Japan, India

☆ China's BYD is set to take Tesla's crown as the world's No. 1 producer of battery electric vehicles
▼ + stars: | 2024-07-03 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +1 min

Chinese electric vehicle maker BYD is on track to overtake Tesla in battery electric vehicle sales this year, with its BEV market share expected to surge, according to a Counterpoint Research report. "This shift underscores the dynamic nature of the global EV market," Counterpoint analysts said in the report released Tuesday. BYD's second-quarter battery EV sales jumped nearly 21% year on year to 426,039 units, according to CNBC's calculations. Counterpoint said China "remains a dominant force in the BEV market" with BYD leading the way. China's BEV sales are estimated to be four times that of North America's in 2024, the research firm said.

Persons: BEV, BYD's, BYD, Tesla, China's BEV Organizations: Research, U.S, EV Locations: Munich, Germany, China, North America's

☆ Google invests in BlackRock-backed Taiwanese solar developer to boost energy capacity amid AI boom
▼ + stars: | 2024-07-01 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

The aerial view reveals the mutual benefits of combining solar energy production and agricultural land use. Farmers can lease their land to solar energy developers, diversifying their income streams while maintaining agricultural activities on the remaining areas. Google will partner with BlackRock to develop a 1 gigawatt pipeline of new solar capacity in Taiwan, the U.S. tech giant announced Monday as it seeks to boost energy capacity and cut carbon emissions amid the artificial intelligence boom. The new solar capacity will help power Google's data centers and cloud region in Taiwan, the press release said. Some of the clean energy capacity will also be offered to Google's chip suppliers and manufacturers in the region, it said.

Persons: Amanda Peterson Corio Organizations: BlackRock, Google, New Green Power, Taiwan Renewable Energy Locations: Taiwan, U.S, BlackRock

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