Finance news

Poland buys V-BAT drones to boost Baltic Sea naval operations

The deal puts Poland in line to become the first country on NATO’s eastern flank to acquire the Shield AI-made drone.

Could China’s photonic chips help it leapfrog US on AI?

China opened a top-level optical computing laboratory in Shanghai in June after a string of breakthroughs in the field that could help get around US curbs on its development of artificial intelligence (AI). A decade after optical computing and next-generation photonics were made national priorities, China last year began limited production of locally designed photonic chips. These transmit and process data using photons – particles of light generated by lasers – whereas silicon chips such as the

Huawei and Cambricon lead China’s AI server chip surge, piling pressure on Nvidia

Chinese chip suppliers led by Huawei Technologies and Cambricon Technologies, together with tech giants developing their own silicon, are set to capture nearly 80 per cent of the domestic AI server market this year, further squeezing global rivals such as Nvidia, according to TrendForce. Geopolitical tensions continue to erode the position of Nvidia, Advanced Micro Devices and other foreign suppliers, whose combined share of China’s AI server market is forecast to fall to 21 per cent in 2026...

Artificial intelligence: Investor becomes co-head of Langdock – “I believe it will be the largest AI company in Europe”

Judith Dada was one of the first investors in the rapidly growing start-up from Berlin. Now she switches sides.

Artificial intelligence: AI makes Bosch and Co. more efficient – ​​Almetra receives millions

The start-up films employees and robots to improve production. Production increased significantly at Bosch, Siemens Energy and ABB.

Health insurance companies: Countries are siding with pharmaceutical manufacturers – against the austerity law

Union Prime Ministers from Hesse, Rhineland-Palatinate and Saxony-Anhalt are demanding help for drug manufacturers. You criticize the health minister's austerity law.

Is Prabowo’s Trump moment a sign that China is losing its favourite partner?

Last October, at a Gaza peace summit in Egypt, Indonesian President Prabowo Subianto leaned towards his US counterpart Donald Trump and asked, “Can I meet Eric?” Prabowo was referring to the American president’s son. Trump responded warmly in the exchange that was picked up on a hot microphone. “I’ll have Eric call. He’s such a good boy.” Eric and his brother Donald Trump Jnr both serve as executive vice-presidents of the Trump Organisation, which has already built its first golf club in...

+++ USA +++: Trump praises NATO chief before summit: “great leader”

Trump promises Türkiye F-35 fighter jets +++ Mamdani allies win at least two Democratic primaries +++ Trump and Meloni settle in the photo dispute +++ The news blog.

What Keir Starmers' resignation means for European security

British Prime Minister Keir Starmer was widely known for his support of Ukraine and his efforts towards a new EU–UK defense partnership. What will happen to those policies now that Starmer has announced his resignation? submitted by /u/Any-Original-6113 [link] [comments]

Artificial intelligence: Investor becomes co-head of Langdock – “I believe it will be the largest AI company in Europe”

Judith Dada was one of the first investors in the rapidly growing start-up from Berlin. Now she switches sides.

Health insurance companies: Countries are siding with pharmaceutical manufacturers – against the austerity law

Union Prime Ministers from Hesse, Rhineland-Palatinate and Saxony-Anhalt are demanding help for drug manufacturers. You criticize the health minister's austerity law.

Trump shrugs off Britain’s incoming leader: ‘I hear he’s extremely liberal’

US President Donald Trump was dismissive of Andy Burnham, who is set to become the next UK prime minister, saying he was unfamiliar with him and has only heard that he is “extremely liberal”. The US president was asked by a reporter on Wednesday about what he knew about Burnham, the former mayor of Greater Manchester who is poised to succeed Keir Starmer in Britain’s latest leadership shake-up. “I don’t know anything. I see that he was, I guess, the mayor of a town. I hear he’s extremely...

SoftBank chipmaker Arm hits 50% share in top AI data centers: exec

Thorsten Benner: If the end result is the nationalization of the leading AI laboratories

According to surveys, skepticism towards artificial intelligence is already prevalent in the USA. Protests against the construction of data centers are gaining momentum. A guest post.

Inside China’s ideological training camp where PLA top brass study Xi’s speeches

Hundreds of China’s top military officials have spent weeks at an unprecedented ideology training camp – studying President Xi Jinping’s speeches, reading corrupt cadres’ confessions and marching in formation – as the anti-corruption drive in the military deepens. The details of the training camp, which concluded last week, were published in the People’s Liberation Army Daily, the military’s official newspaper, on Wednesday. Xi personally decided to launch the exercise, which began on April 8,..

Hong Kong can take the regulatory high road amid US-China AI decoupling

The market realignment over the past week starkly captures the self-defeating logic of America’s technology containment strategy. The momentum began on June 15, when the shares of Chinese artificial intelligence pioneer Zhipu AI, which trade in Hong Kong under Knowledge Atlas Technology, surged by 48 per cent intraday after it announced the open-source release of its GLM-5.2 foundation model. The rally continued this week, with Zhipu’s shares trading at an intraday high of HK$2,980 (US$380) in..

Micron quadruples revenue, +14% after hours.

Revenue: $41.46 billion versus $35.84 billion estimated EPS: $25.11, adjusted, versus $20.78 estimated Gross Margin: Adjusted gross margins hit a record-breaking 84.9%, topping tech leaders like Nvidia and Meta. Data Center Strength: Driven by skyrocketing AI memory demand, data-center sales soared 415% year-over-year to $25 billion (61% of total sales). Guides $49-$51B. +14% AH move. Reddit neva right. submitted by /u/mulletstation [link] [comments]

Qualcomm to design China-specific data center chip in line with US export curbs

Why the AI Boom Could Trigger the Biggest Energy Trade in Decades

Artificial intelligence is creating a new class of infrastructure giants virtually overnight, and one innovative Bitcoin miner that made an early leap into the global power business, feeding the voracious appetite of AI data centers, is now being rewarded for years spent securing massive amounts of low-cost electrical power around the world. Years before artificial intelligence triggered a global race for power capacity, Bitzero Holdings (NASDAQ: AIBZ) was using cash flow from Bitcoin mining ope

General who was last US soldier out of Afghanistan suddenly steps down

The US Army’s commander of its forces in Europe and Africa – who was famously the last American soldier to leave Afghanistan in 2021 – is unexpectedly stepping down from his post after just 18 months in the job, the Army confirmed late on Tuesday. General Christopher Donahue, commanding general of US Army Europe and Africa and commander of Nato’s Allied Land Command, will relinquish his command on July 2, according to an Army statement. He is the latest in a line of nearly two dozen top military

Micron is tech's new margin king as memory crisis pushes company past Nvidia and Meta

Micron said in its earnings report that its gross margin jumped to 84.9% from 39% a year ago.

Qualcomm’s stock is soaring as these big numbers excite Wall Street

Shares of Qualcomm soared on Wednesday after the company announced new revenue targets and a partership with Meta Platforms.

White House asks Congress for $87.6 billion, mostly for Iran war

The request includes $67.15 billion for the military, including $21 billion for munitions and to strengthen the U.S. industrial base.

8 takeaways from the US-Iran war

The war in Iran is effectively over. Although the dust has yet to settle, some lessons are already visible. First, US President Donald Trump has waged a personal war at the world’s expense. Chinese philosopher Lao Tzu warned that arms are ill-omened tools, employed only as a last resort. Trump, who has admitted he doesn’t like to read, may not realise this. Few people know why he ordered a strike on Iran. Maybe kidnapping president Nicolas Maduro in Venezuela was too easy or Israeli Prime...

Broadcom unveils a custom chip for OpenAI as it challenges Nvidia’s dominance

The custom chip is designed to support the ChatGPT maker’s future AI models and products.

How Iran Plans to Consolidate Its Victory

At The Wall Street Journal, Reuel Marc Gerecht and Ray Takeyh examine the implications of the US-Iran memorandum of understanding. The deal “sets the stage for an eventual nuclear revival” on the part of Iran, they argue, “since what’s been blown up can be rebuilt as long as enough oil flows, the regime’s illicit dual-use import network remains operational, and US and Israeli intelligence fails against Iranian vigilance.” After demonstrating a bold willingness to cross “lines that previous presi

Qualcomm unveils data center chip to counter Nvidia GPU and HBM

Artificial intelligence: Qualcomm wins Microsoft and Meta as customers for new AI chips

The US group has been trying for some time to enter the rapidly growing market for AI chips in data centers. Now two tech heavyweights are among the buyers of the new chips.

White House requests $87.6 billion supplemental spending for Iran war, farm aid

Qualcomm stock pops 15% after chipmaker almost doubles projection for 2029 non-handset revenue

Qualcomm's primary business has been smartphones, which accounted for two-thirds of the company's product revenue in it's most recent quarter.