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☆ Nvidia boss Jensen Huang predicts computing power will increase a 'millionfold' in a decade
▼ + stars: | 2024-11-19 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +2 min

AdvertisementJensen Huang made a bold prediction that computing power will increase a millionfold in a decade. So-called "scaling laws" observe that AI models get smarter with more computing power. Nvidia CEO Jensen Huang has said that the computing power driving advances in generative AI is projected to increase by "a millionfold" over the next decade. In a special address on Monday, the billionaire chip boss told an industry conference in Atlanta that computing power was seeing a "fourfold" increase annually. OpenAI, for instance, is facing slower rates of improvement with its upcoming AI model, Orion, according to The Information.

Persons: Jensen Huang, Huang, Ilya Sutskever, they've Organizations: Nvidia, Companies, Orion, Reuters Locations: Atlanta, Silicon Valley

☆ RFK Jr. is Trump's pick to lead HHS — here's what he could do with that power
▼ + stars: | 2024-11-19 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +13 min

Kennedy will likely have some influence over who the president-elect chooses for those roles, health policy experts said. Ultimately, Kennedy's influence over immunization policy could lead to an increase in diseases preventable by vaccines, several health policy experts told CNBC. Investors are already bracing for a crackdown on food policy, with shares of processed food companies, such as Pepsi and Coca-Cola , falling on Friday. Seigerman said "there is little precedent in recent history for HHS policy dictating or affecting FDA regulation or approval of drugs." In 2023, pharmaceutical companies spent nearly $3 billion on advertising for the 10 most promoted drugs.

Persons: Robert F, Kennedy Jr, Thomas Machowicz, Donald Trump, Kennedy, Trump, trifecta, Spokespeople, Brandon Guerrero, Christina House, Gostin, Josh Michaud, Lawrence Gostin, Michaud, he's, Genevieve Kanter, Kanter, Covid, Richard Frank, Frank, Evan Seigerman, Seigerman, Dave Latshaw, Latshaw, Drugmakers, Joe Biden's, Amy Campbell Organizations: Reuters, Department of Health, Human Services, Republican, HHS, Affordable, Food and Drug Administration, Centers for Disease Control, National Institutes of Health, Centers, Medicare, Services, CNBC, CVS, Los Angeles Times, Getty, Health Defense, NBC News, FDA, NPR, Georgetown University, CDC, Vaccines, Children, Kennedy, NIH, University of Southern, Brookings Schaeffer Initiative, Health, pharma, RFK, BMO Capital, Pepsi, Trump, University of Illinois Chicago School of Law Locations: Phoenix , Arizona, U.S, Compton, Huntington Park, Kennedy ., University of Southern California

☆ China is doubling down on Latin America ties to bolster influence and trade, experts say
▼ + stars: | 2024-11-19 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

China's President Xi Jinping (L) and Peru's President Dina Boluarte shake hands during a meeting at the government palace in Lima on November 14, 2024, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Summit. Beijing is strengthening economic ties in Latin America as it seeks to further bolster trade and gain influence in the resource-rich region, experts told CNBC. "The completion of Chancay Port will effectively consolidate Peru's role as a gateway linking shipping routes across land and sea, and between Asia and Latin America," the spokesperson said Friday. Experts say that the port cements China's growing position as a top trade partner of Peru and the rest of Latin America, as it supplants the U.S. in its own backyard. "The port of Chancay is seen as a game changer in the logistics of Latin America," Juan Carlos Ladines Azalia, professor of international affairs and international trade management at Peru's Universidad del Pacífico, told CNBC.

Persons: Xi Jinping, Dina Boluarte, William Reinsch, Scholl, Reinsch, Lin Jian, Juan Carlos Ladines Azalia Organizations: Economic Cooperation, Summit, CNBC, China, Business, Center for Strategic, International Studies, Foreign Ministry, Peru's Universidad del Pacífico Locations: Lima, Asia, Beijing, Latin America, China, Peru, Shanghai, Peruvian, Chancay, America, Port

☆ Kremlin brings up nuclear doctrine day after Biden's arms decision on Ukraine
▼ + stars: | 2024-11-19 | by ( ) www.cnbc.com time to read: +3 min

Changes to Russia's nuclear doctrine have been drawn up and will be formalized as necessary, the Kremlin said on Tuesday, signaling again Moscow's concern over the latest U.S. decision on missile strikes from Ukraine. The Kremlin called on Monday the reported decision by President Joe Biden's administration to allow Ukraine to fire American missiles deep into Russia reckless and it warned that Moscow will respond. Russia calls its war in Ukraine a special military operation, while Kyiv and its Western allies call it an unprovoked, imperialistic land grab. Western analysts have called the changes an escalation in Moscow's attempts to dissuade the West from expanding its military aid to Ukraine. The war in Ukraine has triggered the worst crisis in Moscow's relations with the West since the 1962 Cuban Missile Crisis.

Persons: Vladimir Putin, Dmitry Peskov, Joe Biden's, Volodymyr Zelenskyy, Putin, Peskov Organizations: Security, Kremlin, TASS, NATO, Reuters, Cuban Missile, Washington Locations: Constantine, Strelna, Saint Petersburg, Russia, Ukraine, Moscow, United States, The U.S, Korean, Washington, Kyiv

☆ 2 cut undersea internet cables — a suspected Russian sabotage — highlight a fragile global network
▼ + stars: | 2024-11-19 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

AdvertisementTwo subsea data cables in the Baltic Sea were damaged this week. Two subsea telecoms cables in the Baltic Sea have been damaged in a suspected act of Russian sabotage, highlighting the fragility of the world's data networks. AdvertisementThe impactAs the world has become more dependent on the internet, subsea cables have become increasingly vital. The cables carry vital internet data between countries, including streaming services and financial information. "The writing has been on the wall for a while now relating to subsea cable disruption.

Persons: Boris Pistorius, Telia, Cinia, Carl, Oskar Bohlin, Gregory Falco Organizations: Cables, Telia, NATO, International Union of Marine Insurance, TRT, General Staff, Directorate, West, Cornell University, BI, CSIS, Analysts, Atlantic Council Locations: Baltic, Germany, Finland, Lithuania, Sweden's Gotland, Russia, Ukraine, Lofoten, Norway

☆ 'Go for gold' says Goldman Sachs, but other Wall Street banks aren't so sure
▼ + stars: | 2024-11-19 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Three Wall Street banks have taken differing views on gold's trajectory in 2025, reflecting the complex economic outlook. Goldman Sachs expects the price of the yellow metal to reach $3,000 per ounce by December 2025, saying "Go For Gold" in a note from Nov. 17. The gold price has declined by 7% since late October as the risk of a disputed U.S. election result diminished. While maintaining a positive outlook on gold, UBS warned that its gains — gold had risen 35% this year until November — could slow down. Goldman Sachs pointed to a fivefold increase in central bank gold purchases, driven by concerns about financial sanctions and sovereign debt sustainability.

Persons: Goldman Sachs, Donald Trump's, Goldman, Daan Struyven, Karen Ward, Ward, Arend Kapteyn, Bhanu Baweja, — CNBC's Michael Bloom Organizations: Trump, JPMorgan Asset Management, UBS Locations: U.S, Europe, Middle East, Africa, Switzerland, Russia, Ukraine

☆ Doubts mount over Britain’s ambitious growth plans — with warnings of further tax rises possible
▼ + stars: | 2024-11-19 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

A higher economic growth rate could theoretically boost the government's tax take without the need to raise taxes further, because overall revenues would be higher. The OBR now expects U.K. real GDP growth of 1.1% in 2024, followed by expansion of 2% in 2025, before falling to 1.5%. The Labour government did not immediately respond to CNBC's request for comment on further possible tax changes. 'Desperate' growth ratesThe U.K. economy barely grew in the third quarter, eking out a less-than-expected 0.1% expansion, data from the Office for National Statistics showed Friday. We've had 1% growth, or around 1% growth now since the Financial Crisis.

Persons: Rachel Reeves, James Smith, CNBC's, John Grieve, Reeves, Gieve, —, Labour's, ING's Smith, We've Organizations: Treasury, Getty, Labour, Finance, ING, of, CNBC, National Insurance, Office, National Statistics, Gross Locations: London, England

☆ Baltic Sea internet cables cut: European officials cry sabotage
▼ + stars: | 2024-11-19 | by ( Ivana Kottasová | ) edition.cnn.com time to read: +3 min

CNN —European officials are looking toward Russia after two submarine internet cables in the Baltic Sea were suddenly disrupted in an apparent sabotage operation, just weeks after the United States warned that Moscow was likely to target critical undersea infrastructure. A cable between Lithuania and Sweden was cut on Sunday, according to Telia Lithuania, the telecommunications company that runs the link. Separately, the state-controlled Finnish telecoms company Cinia said one of its cables, which connects Finland and Germany, was disrupted on Monday. ”Nobody believes that these cables were accidentally severed,” he told reporters on Tuesday morning ahead of a ministerial meeting in Brussels, Belgium. The extent of the disruption, if any, caused by the damage to the cables is unclear.

Persons: Cinia, Boris Pistorius, ”, “, “ Pistorius, Telia, Andrius Šemeškevičius, – Organizations: CNN, Germany’s, Museum of Occupation, European Union, BCS Locations: Russia, Baltic, States, Moscow, Lithuania, Sweden, Finnish, Finland, Germany, Brussels, Belgium, Ukraine, Czech, Prague, Riga, Latvia, Ukrainian, London, Warsaw, Poland, Belarus, Helsinki, Rostock, Lithuanian

☆ The hidden risk factor investors may be missing in stocks, bonds, and options
▼ + stars: | 2024-11-19 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

Investors may soon be forced to take on more risk and rethink their diversification strategies due to macroeconomic uncertainties. And that presents challenges for those who follow the traditional balance of 60% stocks to 40% bonds as a diversifier, he added. "Momentum has really been driving equities higher across the board, especially with respect to large-cap growth names," Adams said. The study found that stocks, bonds, and options strategies could have more correlated risk than is evident on the surface. "So value stocks are about the here-and-now, growth stocks are about the hereafter."

Persons: Goldman Sachs, Jon Adams, Adams, Jimmy Chang, Donald Trump, Chang, Nikolai Roussanov, David Kelly, you've, Kelly Organizations: Calamos Wealth, Treasury, Rockefeller, Family, Wharton School, Morgan Asset Management

☆ With Elon Musk in tow, Trump eyes changes to government policies on AI and its risks
▼ + stars: | 2024-11-19 | by ( Anna Cooban | ) edition.cnn.com time to read: +8 min

The Republican document said the executive order contained “radical leftwing ideas” that hindered innovation. The most advanced AI systems could, in the worst case, “pose an extinction-level threat to the human species,” the report said. A related document said AI systems could be used to implement “high-impact cyberattacks capable of crippling critical infrastructure,” among a litany of risks. However, he worries that a repeal of Biden’s executive order would spell the end of the US government’s AI Safety Institute. It is possible that that would be the subject of a future Trump executive order,” said Strait.

Persons: London CNN — Donald Trump, Elon Musk, Joe Biden, Sandra Wachter, ”, Andrew Strait, Ada Lovelace, Strait, Kamala Harris, Musk, Steve Kramer, Dean Phillips, Biden, Phillips ’, Taylor Swift, Alexandria Ocasio, Cortez, ” Manoj Chaudhary, What’s, It’s “, Trump, ” Strait, Gavin Newsom, JD Vance, “, Musk’s Tesla Organizations: London CNN, White House, Republican Party, Republican, Oxford Internet Institute, Oxford University, CNN, Ada, Ada Lovelace Institute, US Department of Homeland Security, Democratic, US State Department, AI Safety, “ Department, Government, Trump Locations: London, United States, New Hampshire, Alexandria, Colorado, New York, ”, California

☆ Nvidia's Blackwell cooling issues were resolved months ago, chip experts say
▼ + stars: | 2024-11-19 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +6 min

AdvertisementNvidia's Blackwell chip presents cooling challenges for customers. First, there were chip design issues, which CEO Jensen Huang has since said are fully resolved. "I think the overheating issues have been present for months and they have largely been addressed," Patel told Insider. AdvertisementIn addition to engineering and operational challenges, liquid cooling at scale brings with it a list of environmental concerns. Despite the hard work and environmental strain, of converting to liquid cooling, the incentives are strong.

Persons: Nvidia's Blackwell, Blackwell, Jensen Huang, Dylan Patel, Patel, Meta, Eugene Kim, Semianalysis, Huang Organizations: Nvidia, Blackwell, Semianalysis, BI, Amazon Locations: Semianalysis, Blackwell

“I think Bobby Kennedy’s views on vaccines are dangerous, but I don’t think that most Americans share them,” she said in remarks previously reported by The New York Times. Kennedy told NBC News a day after the election that he would not take away people’s vaccines. Kennedy has also indicated that the Trump administration would ban fluoride in drinking water and eliminate ultra-processed foods. Trump last week announced that he intends to nominate Kennedy for the Cabinet post. “They’ve been catching, you know, making waves, headlines.”“Let’s just calm down and wait to see what happens,” she added.

Persons: Caroline Kennedy, bashed, Robert F, Kennedy Jr, Donald Trump’s, Bobby Kennedy’s, ”, Robert Kennedy, “, ” “, Bobby Kennedy, Kennedy, Trump, Tulsi Gabbard’s, elect's, Trump’s, “ They’ve Organizations: National Press Club of Australia, Department of Health, Human Services, The New York Times, NBC, Trump, of Health, Centers for Disease Control, Food and Drug Administration, National Institutes of Health, Centers, Medicare, Services, NBC News, FDA Locations: U.S, Australia, America

The race for Democratic Party chair has officially launched with a onetime Maryland governor and unsuccessful presidential candidate Martin O'Malley announcing a bid to take the reins. The contest comes as former DNC Chair Jaime Harrison is leaving his post. One of the people most often cited in Democratic circles as a possibility for DNC chair is Wisconsin Democratic Party Chair Ben Wikler. Several DNC members privately said they were already backing Minnesota Democratic Party Chair Ken Martin. Kleeb is backing Martin for DNC chair, she said, while she is interested in seeking the ASDC chair post that Martin now holds.

Persons: Martin O'Malley, O'Malley, Jaime Harrison, Harrison, Ben Wikler, “ Ben, Ken Martin, Martin, I've, Rahm Emanuel —, Barack Obama —, Emanuel, Sen, Dick Durbin, JB Pritzker, Jane Kleeb, Donald Trump Organizations: Democratic Party, Democratic National Committee, Democratic, Social Security Administration, Democratic Governors Association, New York Times, Wisconsin Democratic, Democrats, NBC, DNC, Minnesota Democratic, NBC News, Association of State Democratic, Nebraska Democratic Party Locations: Maryland, U.S, Japan, Chicago, Illinois, Iowa, New Hampshire

KYIV, Ukraine — The Ukrainian capital was blanketed by darkness Monday, even as residents were bolstered by a sense that their American allies had — finally — seen the light. "It is excellent news for us and a significant move," Kyiv resident Maryna Vlasenko, 39, told NBC News. She also bemoaned the lengthy process and the continued limits on Ukraine's use of the long-range weapons, however. A charred vehicle sits outside a residential building in Sumy, Ukraine, after a Russian missile strike Sunday. “Ukrainians don’t have the luxury of waiting while Russia continues killing civilians in Mykolaiv, Sumy, and pushing on the eastern front,” he added.

Persons: —, Joe Biden, Donald Trump, Maryna Vlasenko, ” Vlasenko, ”, Kyiv's, Kim Jong, Alfons Cabrera, Volodymyr Zelenskyy, Vlasenko, Dmitry Peskov, Biden, ” Trump’s, Mike Waltz, “, John Hamilton, Michael Bociurkiw, “ They’re, ” Frank Ledwidge, Ledwidge, “ It's, Vladyslav Faraponov, Donald Trump’s, Faraponov, don’t, Daryna Mayer Organizations: Kremlin, NBC, Ukrainian Emergency, Getty, Army Tactical Missile Systems, White, Rossiyskaya Gazeta, Fox &, U.S . Army, Army Tactical Missile, Council’s Eurasia, England’s University of Portsmouth, Institute of American Studies Locations: KYIV, Ukraine, Russia, Russian, Odesa, Kursk, U.S, Moscow, Ukrainian, Sumy, Kyiv, Washington, Florida, AFP, “, British, Mykolaiv, Hong Kong

☆ Britain is building the most expensive railway in the world. Many people now think it’s pointless
▼ + stars: | 2024-11-18 | by ( Ben Jones | ) edition.cnn.com time to read: +17 min

Population density and topography obviously have a significant effect on construction costs. “There was also a lack of discussion over the chosen route, which could have followed existing highway corridors.”Rapidly rising construction costs have plagued major projects across the world in recent years. Signs placed on a fence by environmental activists protest against tree-felling operations for the HS2 rail link at Jones Hill Wood in Wendover, England, in April 2021. However, their efforts were in vain and only succeeded in significantly driving up construction costs. ‘Mutilated and pointless’Plans have been dropped for a proposed HS2 railway station at Meadowhall in Sheffield.

Persons: hoardings, Henry Nicholls, it’s, Christian Wolmar, ”, Ricardo Ferreras, “, ” Ferreras, Wolmar, Chris Gorman, Wood, Mark Kerrison, Joe Giddens, Mike Kemp, Rishi Sunak, Anna Gowthorpe Organizations: CNN, Speed, Britain, WHOOSH, Station, London Times, ” Railway, CNN Travel, —, Chiltern, New Economics Foundation, London Euston, Birmingham Airport, Crewe, Conservative, Labour, Birmingham, Sunak, Leeds, High Speed Rail, Hitachi, Alstom, Siemens, Euston, Treasury, Audit Office Locations: United States, Bordeaux, France, China, Japan, London, English, Birmingham, Jakarta, Bandung, London's, AFP, Britain, Ukraine, Europe, Spain, Great, England, Jones, Wendover, Buckinghamshire, Colne, Cross , Hertfordshire, Manchester, Leeds, Scotland, Wales, Euston, Crewe, Meadowhall, Sheffield, Midlands, Nottingham, Liverpool

☆ After Democrats lost the working class, union leaders say it's time to 'reconstruct the Democratic Party'
▼ + stars: | 2024-11-18 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Alex-Seitz-Wald-Circle-Byline-Template.Jpg | Alex Seitz-Wald | ) www.nbcnews.com time to read: +8 min

But whether they are measured by income or educational attainment, President-elect Donald Trump won working-class voters overall while he made strong gains among nonwhite working-class voters like Hispanics and Asian Americans. As recently as 2012, non-college-educated voters were splitting their votes evenly or even slightly in favor of Democrats. But that has left the party’s leaders, donors, operatives and other decision-makers more removed from the lives of low- and middle-income workers, some labor leaders say. But there is widespread frustration that Trump outflanked Democrats to position himself as a champion of working people, as well as dissatisfaction with Democrats not limited to white or male union members. But that policy was not enough to overcome larger societal forces that have led many working-class voters to doubt Democrats’ commitment to their well-being.

Persons: Joe Biden, Kamala Harris ’, ”, Brent Booker, Booker, ” Booker, Donald Trump, Harris, Barack Obama, Trump, Republican recoiled, “, Jimmy Williams, Liz Schuler, Schuler, ” Sen, Bernie Sanders, Biden, Will Stancil Organizations: Democratic Party, NBC, ’ International Union of, ”, Keystone Pipeline, Trump, Republican, International Union of Painters, Allied, ” Trade, ’, AFL, Democrats, Press, Teamsters, Democratic, International Association of Fire Fighters, International Longshoremen’s Association, United Mine Workers of, National Labor Relations Board Locations: Biden’s, ’ International Union of North America, Trump, China, Pittsburgh, United Mine Workers of America

☆ Look for investment themes with bipartisan support under Trump's second term: Strategist
▼ + stars: | 2024-11-18 | 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 EmailLook for investment themes with bipartisan support under Trump's second term: StrategistMatt Orton of Raymond James Investment Management discusses the sectors that could benefit from the bipartisan support for infrastructure investment and expected fiscal measures.

Persons: Matt Orton, Raymond James Organizations: Raymond James Investment Management

☆ Tencent challenges Amazon and Microsoft's cloud dominance by tapping into its WeChat ecosystem
▼ + stars: | 2024-11-18 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

SINGAPORE — Chinese tech giant Tencent is increasingly leveraging its WeChat super-app ecosystem to set itself apart from dominant global cloud service players, Tencent Cloud CEO Dowson Tong said. Super app platforms are often developed using cloud infrastructure to provide scalability, reliability, and efficient resource management. For example, Cambodia's Canadia Bank partnered with Tencent Cloud to launch a new mobile banking app in 2023. For instance, Amazon specializes in e-commerce, cloud services, and streaming, but does not have a single app integrating these services. Similarly, Microsoft offers enterprise solutions such as Office 365 and gaming, but lacks a comprehensive consumer-facing super app.

Persons: Dowson Tong, Tong Organizations: Tencent, CNBC, Singapore Fintech, Microsoft, Web Services, Google, Synergy Research, Cambodia's Canadia Bank, Amazon Locations: WeChat, China, SINGAPORE, Singapore

☆ Verily has a December deadline to cut important ties with Google, leaked documents show
▼ + stars: | 2024-11-18 | by ( Hugh Langley | ) www.businessinsider.com time to read: +5 min

Verily has told employees it ultimately intends to become an independent company. Verily, Alphabet's life sciences subsidiary, has set a deadline of December 16 to sever multiple ties to Google, according to two people familiar with the matter and internal documents reviewed by Business Insider. Related Video How tech layoffs could affect the economyVerily, formerly known as Google Life Sciences, started life as a moonshot project inside Google X. "Verily is transitioning from Google's infrastructure to our own, as we continue to grow as an independent Alphabet company," said Verily spokesperson Steven Cooper. AdvertisementAn internal Verily FAQ for staff broached the subject of why the company didn't start Flywheel until after its products were more mature.

Persons: Verily, Steven Cooper, Larry Page, Sergey Brin, Waymo Organizations: Google, Staff, Business, Sciences, BI

☆ Nearly a hundred aid trucks looted in Gaza, as UN warns of ‘collapse of law and order’
▼ + stars: | 2024-11-18 | by ( Pauline Lockwood | Hira Humayun | ) edition.cnn.com time to read: +6 min

CNN —Nearly a hundred aid trucks were looted in southern Gaza on Saturday in what UNRWA, the UN agency for Palestinian refugees, has described as “one of the worst” incidents of its kind. Of the 109 trucks carrying food supplies for UNRWA and the World Food Programme from the Kerem Shalom crossing into Gaza, 97 trucks were “lost” in the looting, UNRWA told CNN in a statement Monday. Drivers were forced to unload trucks at gun point, aid workers were injured, and vehicles were damaged extensively, it said. In a report Monday that cited Gaza’s interior ministry, the Hamas-run Al-Aqsa TV channel claimed Gaza security forces had killed more than 20 people involved in looting aid trucks, though it did not specifically mention Saturday’s incident. Israel insists however that the number of aid trucks entering Gaza has risen and that it is “working tirelessly” to get aid into the enclave.

Persons: Philippe Lazzarini, Stéphane Dujarric –, ”, Lazzarini, “, ” Lazzarini, Dr, Munir Al, Bursh, Hani Badran, Kamal Adwan, Badran, Hussam Abu Safiya, Safiya, ” Safiya Organizations: CNN, UNRWA, UN, Drivers, Monday, Islamic Forces, COGAT, US State Department, West Bank, Hamas, Israel, ” CNN Locations: Gaza, Geneva, Aqsa, Israel, East Jerusalem, Beit Lahiya

☆ Blackwell is key to Nvidia's next growth phase. The new AI chip has reportedly hit an overheating snag.
▼ + stars: | 2024-11-18 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Blackwell chips are key for AI development, promising improved speed over Nvidia predecessors. The chips are also considered a key growth driver for Nvidia, with one analyst previously likening Blackwell to an iPhone moment. Last month, Nvidia CEO Jensen Huang told CNBC that "demand for Blackwell is insane" and separately said that Blackwell is sold out for the next 12 months. AdvertisementNvidia has already delayed shipment of the next-generation AI chips by a quarter after The Information reported in August that it had design flaws. SoftBank is the first customer to use Nvidia's Blackwell chips, the companies said at Nvidia's AI summit in Japan last week.

Persons: Blackwell, Hopper, Jensen Huang, Beth Kindig, Huang, Nvidia's Blackwell Organizations: Nvidia, Companies, CNBC, Amazon Web, Meta, Microsoft, Reuters, Business Locations: TSMC, Japan

☆ European tech CEOs urge 'Europe-first' mentality to counter U.S. dominance after Trump victory
▼ + stars: | 2024-11-18 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

Thomas Plantenga, CEO of used fashion resale app Vinted, on center stage during Web Summit 2024 in Lisbon, Portugal. The Republican politician's victory was a key topic on various prominent tech bosses' lips at the Web Summit conference in Lisbon, Portugal. "It's time for Europe to step up," Yen told CNBC on the sidelines of Web Summit. US Big Tech 'playing extremely unfairly'However, Proton's Yen urged the EU not to water down its push to rein in America's tech giants. 'AI sovereignty' now a key battlegroundAnother theme that attracted much chatter on the ground at Web Summit was the idea of "AI sovereignty."

Persons: Thomas Plantenga, Harry Murphy, Donald Trump's, Andy Yen, Yen, Trump, Proton's Yen, Mitchell Baker, Baker, it's, Plantenga, we'll, OpenAI, Christian Kroll, Shelley McKinley, GitHub, McKinley Organizations: Web, Getty Images, Portugal — Tech, Big, Republican, Proton, CNBC, European Union, Apple, Microsoft, Meta, Markets, US Big Tech, Mozilla Foundation, Google, Trump Locations: Lisbon, Portugal, Getty Images LISBON, Europe, America, EU, Lithuania

☆ China is racing towards a future powered by wind and solar
▼ + stars: | 2024-11-18 | by ( Ella Nilsen | Hien An Ngo | ) edition.cnn.com time to read: +7 min

China is installing wind and solar power projects faster than any other country on the planet. It’s not that China is using less energy — it’s using more than ever — but it’s just adding wind and solar power to its grid at an astonishing pace. The country is constructing two-thirds — nearly 339 gigawatts — of the world’s utility-scale solar and wind projects. That is in addition to the 758 gigawatts of wind and solar capacity it has already built, according to the Global Energy Monitor. Wind and solar are now capable of generating 37% of the country’s power, according to Global Energy Monitor, already displacing coal’s dominance.

Persons: Donald Trump, It’s, “, ”, Jonathan Pershing, William, Flora Hewlett, John Podesta, ” Podesta, Xi Jinping, hasn’t, Xia Yingxian, ” Li Shuo, Shuo, ” Shuo Organizations: CNN, Department, Global Energy Monitor, International Energy Agency, White, US, State Department, China’s Ministry of Foreign Affairs, Climate, Asia Society Policy Institute Locations: Mongolia, China, Europe, Africa, Podesta, Paris, China’s

☆ Here are Monday's biggest analyst calls: Nvidia, Netflix, Tesla, Roku, Moderna, CVS, Alphabet, Robinhood & more
▼ + stars: | 2024-11-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: Oppenheimer reiterates Netflix as outperform Oppenheimer said the Jake Paul-Mike Tyson fight "demonstrates [the] ability for meaningful" live event viewership for Netflix. Goldman Sachs initiates Ingram Micro as buy Goldman said the IT solutions provider is well positioned. Goldman Sachs initiates Gatx as buy Goldman said it's bullish on the railcar company. Baird upgrades Roku to outperform from neutral Baird said in its upgrade of Roku that it sees an "attractive long-term opportunity." Needham upgrades Robin Hood to buy from hold Needham said the stock is a beneficiary of the Trump election.

Persons: Oppenheimer, Jake Paul, Mike Tyson, it's bullish, Goldman Sachs, Ingram, Goldman, Baird, Morgan Stanley, Raymond James, Wells, Needham, Biogen, it's, Robin Hood, Trump, Donald Trump's, Bernstein, Tesla Organizations: Netflix, Citi, Astera, Ingram, GATX Corporation, RBC, UBS, Franco, Wheaton Precious Metals, WPM, HSBC, Moderna, Air Products, Hewlett Packard Enterprise, Enterprise, Aetna, Bank of America, Nvidia, " Bank of America, DOJ, Google, BMO, SEC, EV Locations: Nevada, Asia

☆ Trump picked a Project 2025 coauthor to run the FCC. Here's what it means for Big Tech.
▼ + stars: | 2024-11-18 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

He's the author of the FCC chapter of Project 2025, which hopes to cut Big Tech's immunity for content moderation. Carr's stance on Big TechIn his Project 2025 chapter, Carr writes that one of his four main goals for the FCC is "Reining in Big Tech." His interpretation of the section would give Big Tech immunity only against being compelled to take down content. AdvertisementHe proposed that Big Tech firms be compelled to make public their traffic and monetization algorithms, saying they now operate in a "black box." Carr's two other points in his Project 2025 chapter are to increase accountability measures for federal tech programs and to drive hard to develop 5G infrastructure.

Persons: Donald Trump, Brendan Carr, Carr, that's, Trump Organizations: Federal Communications Commission, FCC, Republican, Republicans, Department of Education, Innovators, Big Tech, Communications, Universal Service Fund, China's Locations: America, Big Tech, China, Russia, Iran

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