Month: August 2024
Nvidia shares down by 30%
Nvidia focused heavily on AI early in the game, and this has led to the company dominating the AI chip market, with an 80% share. But Intel, a giant in the market for central processing units (CPUs) the main chip in any given computer has struggled to keep up in the high-growth area of AI.
Chinese satellites of constellation
A Chinese state-owned enterprise on Tuesday successfully placed 18 satellites into orbit, the launch of the low Earth orbit (LEO) satellites by Shanghai Spacecom Satellite Technology (SSST) took place at Taiyuan Satellite Launch Centre in the northern Shanxi province. LEO satellites usually operate at altitudes of 300km to 2,000km from the Earth’s surface and have
Investing in Fintech
Payment systems are the backbone of economic transactions, and their evolution has played a pivotal role in shaping the financial landscape of of united states and the world . Payment systems like PayPal, Square, and Stripe have empowered SMEs with affordable, easy-to-use payment solutions. This support helps small businesses scale operations, expand their customer base,
Chinese firms storing Samsung’s HBM chips
The South Korean tech giant had noted in its earnings release in July that it sees strong demand for HBM chips in the second half of 2024 due to AI applications. Chinese tech companies including Baidu , Huawei Technologies and startups are storing high bandwidth memory chips from Samsung Electronics expecting new U.S. restrictions on
Massive new undersea Power cable
The plan, which involves a solar farm covering more than 29,000 acres, the sea-spanning transmission line, and storage, will set world renewable energy and Australian economic development records. It will provide about 15% of Singapore’s electricity needs 24/7, all per SunCable and the Australian government. Sun power from above may soon be captured Down Under
Tesla’s Autopilot Crash
In April, the company settled a lawsuit from the family of an Apple engineer who was killed in his Tesla Model X when it crashed into a barrier while engaged in Autopilot mode. Another lawsuit has been filed against Tesla over its Autopilot system, this time from the parents of a motorcyclist who was killed
China’s JH-XX Stealth Fighter-Bomber
Designed for speed and regional dominance, it may serve as a replacement for the H-6K bomber and could threaten U.S. interests in the Pacific, including Guam and Taiwan. China’s JH-XX, a stealth bomber in development alongside the Xi’an H-20, has sparked concerns in the U.S. defense community. Though details remain sparse, the JH-XX could be
F-16s in Ukraine
Ukraine has been urging allies to transfer the coveted jets since the start of the war to protect its skies against Russian missiles. Russia maintains air superiority over Ukraine and the F-16s offer a significant improvement in Kyiv’s weaponry. The F-16s can provide air cover for troops, attack ground targets, take on enemy planes and
Use of TOS-1A Thermobarics in Ukraine
Thermobarics use two detonations to create more destructive explosions than conventional weapons. The weapons, also known as vacuum bombs, were used by Soviet forces in Afghanistan and Chechnya, as well as by the U.S. military in the 1960s. These thermobaric rockets create “incendiary and blast effects” lasting longer than conventional explosives. The TOS-1A can fire
Yemen’s Houthi rebels hits after two weeks
The attack on Saturday happened some 225 kilometers (140 miles) southeast of Aden in a stretch of the Gulf of Aden that has seen numerous Houthi attacks previously.The Houthis offered no explanation for the two-week pause in their attacks on shipping through the Red Sea corridor, which have seen similar slowdowns since the assaults began