Author: Editor-In-Chief
Every time you ask ChatGPT a question, that request triggers a data relay race. Information comes out of memory, passes through the CPU for preprocessing, goes to the GPU for heavy calculations, and then comes back. The entire process is repeated for every word the AI generates. The bottleneck is structural, meaning each request is routed through some of the industry’s most expensive and power-hungry chips. This inefficiency is exactly what XCENA, a startup with offices in South Korea and the United States, is trying to solve. The four-year-old startup has designed a chip that brings computing capabilities much closer…
The “double scar” of past inflationary problems and geopolitical trauma has distorted consumers’ views of the economy and threatens to cause retail spending to fall, new research from the European Central Bank has found.Eurozone households have become more sensitive to the economic impact of the Iran war because of the cumulative economic scars left by the 2022 invasion of Ukraine, which led to a post-pandemic surge in inflation and soaring energy prices, ECB researchers said. “There is good reason to believe that consumer expectations are shaped not only by current trends, but also by memories of recent adverse events,” they…
Check out the companies making the biggest pre-market moves: Dell Technologies — The laptop maker soared about 37% after raising its full-year outlook. Dell expects adjusted earnings per share to be $17.90 and revenue to be in the range of $165 billion to $169 billion. Analysts surveyed by LSEG had expected earnings of $13.09 per share on revenue of $142.5 billion. Computer Stocks — Stock prices of other companies involved in computer hardware and services rose on the back of Dell’s earnings. Hewlett Packard Enterprise rose more than 17%. Super microcomputers rose nearly 10%, and HP rose nearly 7%. American…
This is CNBC’s Morning Squawk newsletter. Subscribe here to receive future editions in your inbox.Happy Friday. I’m CJ. I’m filling in for Alex this morning. You may know me from my coverage of technology stocks on and off since 2024. My colleagues know me as a news reporter who can make authentic origami cranes. Speaking of things that fly, wait until you hear where I have my share. Dell Technologies This morning, the company is heading in that direction, following breakthroughs in its AI-powered business.Stock futures rose before the bell. All three major averages continue their strong weeks with winning…
LONDON, UK – JULY 9: British Prime Minister Sir Keir Starmer will host the first roundtable of UK regional mayors with Andy Burnham (R), Mayor of Greater Manchester, at Downing Street, London, UK on 9 July 2024. Sir Keir Starmer hosted the first roundtable with metro mayors from 11 regions across England. (Photo by Ian Vogler – WPA Pool/Getty Images)WPA Pool | Getty Images News | Getty ImagesPolitician Andy Burnham, who is threatening to overthrow the leadership of British Prime Minister Keir Starmer, has called for tighter regulation of AI, Big Tech and key industries if he returns to central…
As negotiations between the U.S. and Iran move toward a possible deal, Tehran has increasingly signaled that a return to war will look very different than the last time. U.S. officials said Thursday that talks between Iran and the United States have reached a tentative agreement and are awaiting approval from President Donald Trump. But even as negotiators reported progress, the military standoff showed little sign of abating. The US launched a second attack on Iran within days of this week, and skirmishes continued in the Strait of Hormuz on Thursday night. Iranian officials have used the negotiations to project…
Global oil prices have fallen about 20% from their 2026 highs as investors become increasingly optimistic about the prospect of a long-term cease-fire deal between the United States and Iran that would allow ships to pass through the Strait of Hormuz.brent crude oil Shares fell 1.2% to $92.56 as of 11:18 a.m. London (6:35 a.m. ET) on the final trading day. The international price index fell by about 19% in May, the worst month since the coronavirus pandemic, and is now down about 20% from its 2026 peak.On the other hand, the U.S. west texas intermediate Futures prices have fallen…
The United States and Iran reached a preliminary memorandum of understanding (MOU) on Thursday, agreeing to extend the ceasefire between the two countries for another 60 days and begin negotiations to permanently end the war, officials said.Official US sources told Al Jazeera that the framework still requires final approval from President Donald Trump.However, neither the US nor Iran have commented on the memorandum as tensions in the region continue.Iran’s semi-official Tasnim news agency, citing sources close to the negotiating team, reported that the text of the MOU has not yet been finalized or confirmed and that the public will be…
The village of Long Tien, near the site of the rescue attempt, is located in central Laos, about 130 miles northeast of the capital Vientiane. Today, it is a quiet village with several thousand people living primarily on the land. Here lies a chapter in America’s Cold War history, once known as the “Most Secret Place on Earth.” During the 1960s and early 1970s, Laos played a central role in the United States’ fight to stop the spread of communism in Southeast Asia. Long Tien was the secret headquarters of the U.S.-backed Hmong anti-communist army fighting the Pathet Laotian army,…
Air taxi makers have hyped science fiction-like flying cars for years. But as that dream inches closer to reality, legal squabbles are clouding that momentum.Last year, Joby Aviation sued Archer, accusing the rival air taxi maker of “corporate espionage” and using stolen information to interfere with a real estate developer deal.Weeks later, Archer clapped back, alleging that Joby hid ties to China and embarked on a “calculated, years-long scheme” to defraud the U.S. government. The plan, Archer claimed, included classifying China aircraft parts as consumer goods such as “hair clips” and “socks.”Simultaneously, another battle was brewing.Archer hit Vertical Aerospace with…