Jerry Lin
The Latest
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Saudi Arabia and UAE Boost AI Efforts: Snagging Nvidia Chips and Tapping Chinese Expertise
Saudi Arabia, through the King Abdullah University of Science and Technology, has acquired at least 3,000 Nvidia H100 chips valued at about $1.2 billion, set for delivery by the end of 2023. The university plans to utilize these chips to develop its own advanced language model. 
Saudi Arabia, through the King Abdullah University of Science and Technology, has acquired at least 3,000 Nvidia H100 chips valued at about $1.2 billion, set for delivery by the end of 2023. The university plans to utilize these chips to develop its own advanced language model. -
Dubai-Based Newton Group's Financial Troubles Cast Doubt on $500 Million Investment in Evergrande Auto
In an attempt to revitalize the struggling Evergrande Auto, a Middle Eastern capital entity has become the center of attention after announcing a $500 million infusion. On the night of August 14, Evergrande New Energy Auto (Evergrande Auto) disclosed that it received a strategic investment of approximately $500 million from Dubai-based Newton Group (NWTN). 
In an attempt to revitalize the struggling Evergrande Auto, a Middle Eastern capital entity has become the center of attention after announcing a $500 million infusion. On the night of August 14, Evergrande New Energy Auto (Evergrande Auto) disclosed that it received a strategic investment of approximately $500 million from Dubai-based Newton Group (NWTN). -
Japan's Q2 GDP Surges Amid Export Boost, but Consumer Spending Wanes
TOKYO - Preliminary statistics released by the Japanese Cabinet Office on Aug. 15 reveal that Japan's Gross Domestic Product (GDP) rose 1.5% quarter-on-quarter in the second quarter of this year. When adjusted annually, it marks a significant 6.0% increase, exceeding expectations. 
TOKYO - Preliminary statistics released by the Japanese Cabinet Office on Aug. 15 reveal that Japan's Gross Domestic Product (GDP) rose 1.5% quarter-on-quarter in the second quarter of this year. When adjusted annually, it marks a significant 6.0% increase, exceeding expectations. -
Ferrari's Top Shareholder Acquires 15% of Philips Amid 60% Stock Plunge in Two Years
Eyeing the health tech sector, Ferrari's major shareholder doubles down on the beleaguered Philips. 
Eyeing the health tech sector, Ferrari's major shareholder doubles down on the beleaguered Philips. -
Russian Oil Revenue Hits Yearly High: Western Price Caps in Question?
July saw a surge in Russia's oil export revenue, breaking the ceiling set by the West. This revelation came from a report by the International Energy Agency (IEA) on August 11. 
July saw a surge in Russia's oil export revenue, breaking the ceiling set by the West. This revelation came from a report by the International Energy Agency (IEA) on August 11. -
Samsung Joins the AI Chip Race, To Produce 4nm AI Accelerator Chips for Groq
On August 14, U.S.-based AI chip firm Groq announced that Samsung Foundry's Taylor factory would produce its 4-nanometer AI accelerator chips. Groq's founder and CEO, Jonathan Ross, expressed that this collaboration with Samsung's 4nm process will mark a technological leap for Groq. 
On August 14, U.S.-based AI chip firm Groq announced that Samsung Foundry's Taylor factory would produce its 4-nanometer AI accelerator chips. Groq's founder and CEO, Jonathan Ross, expressed that this collaboration with Samsung's 4nm process will mark a technological leap for Groq. -
Russian Ruble Drops to 16-Month Low Amid Increased Capital Outflows
The Russian ruble has plummeted to its lowest level against the dollar in 16 months, largely due to surging military expenditures, declining export revenues, Western sanctions, and escalating capital outflows. The current exchange rate hovers around 1 dollar to 101.29 rubles. 
The Russian ruble has plummeted to its lowest level against the dollar in 16 months, largely due to surging military expenditures, declining export revenues, Western sanctions, and escalating capital outflows. The current exchange rate hovers around 1 dollar to 101.29 rubles. -
Soaring Food and Energy Prices Signal Global Inflation Resurgence
As food and energy prices surge, the previously cooling inflation in the Eurozone faces an uncertain direction. With this rise, will the European Central Bank's hawkish stance persist? 
As food and energy prices surge, the previously cooling inflation in the Eurozone faces an uncertain direction. With this rise, will the European Central Bank's hawkish stance persist? -
OpenAI's Fiery Burn Rate: Financial Meltdown in 2024?
While OpenAI has been hailed as the vanguard of the Fourth Industrial Revolution and the torchbearer for the AI wave, concerns over its financial sustainability have started to emerge. In the last six months, OpenAI's achievements and potential have kept both the tech community and the investor circles buzzing, even driving tech stocks to rally and diverting narratives from an interest rate-induced recession to a bullish surge. 
While OpenAI has been hailed as the vanguard of the Fourth Industrial Revolution and the torchbearer for the AI wave, concerns over its financial sustainability have started to emerge. In the last six months, OpenAI's achievements and potential have kept both the tech community and the investor circles buzzing, even driving tech stocks to rally and diverting narratives from an interest rate-induced recession to a bullish surge. -
Fed's Waiting Game: Soft Landing or Further Economic Downturn?
More economists, including officials from the Federal Reserve, predict that the U.S. might emerge from its recession. However, confirmation of this forecast won't likely arrive until 2024. 
More economists, including officials from the Federal Reserve, predict that the U.S. might emerge from its recession. However, confirmation of this forecast won't likely arrive until 2024.
