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SAN FRANCISCO :Snowcap Compute, a startup working on building artificial intelligence computing chips using superconducting technology, on Monday raised $23 million and said that the former CEO of Intel will join its board.Snowcap aims to build computers that could one day beat today’s best artificial intelligence systems, while using a fraction of the electricity. To do that, Snowcap plans to use a new kind of chip made with superconductors, which are materials that allow current to flow without electrical resistance.Scientists understand superconductors well and have theorized about making computer chips with them since at least the 1990s, but have faced a…
[NEW YORK/SEOUL] Airlines on Monday (Jun 23) were weighing how long to suspend Middle East flights as a conflict which has already cut off major flight routes entered a new phase after the US attacked key Iranian nuclear sites and Teheran vowed to defend itself.Cancellations in recent days to usually resilient aviation hubs like Dubai, the world’s busiest international airport, and Qatar’s Doha by international carriers show how aviation industry concerns about the region have escalated. The usually busy airspace stretching from Iran and Iraq to the Mediterranean has been largely empty of commercial air traffic for 10 days since Israel…
POST-RACE INTERVIEWS: Alex Palou, Felix Rosenqvist, and Santino Ferrucci.
[TOKYO] Nomura Holdings more than doubled Kentaro Okuda’s pay last year, rewarding the chief executive officer for guiding Japan’s largest brokerage to a record annual profit. Okuda’s compensation rose to 1.208 billion yen (S$11 million) in the year ended Mar 31 from 506 million yen a year earlier, according to a filing on Monday (Jun 23). Christopher Willcox, the firm’s highest-paid executive officer, who oversees trading and investment banking, saw his remuneration jump 25 per cent to US$15 million.Nomura’s profit hit an all-time high last fiscal year as the return of inflation to Asia’s second-largest economy energised investors. Pretax income…
Check out the top moments from this match between Mexico and Costa Rica!
Image Source: Wikimedia Commons. Calf ache may be initially feel like a small trouble, but it may become unexpectedly critical further upon untreated, and sometimes, it’s an indicator of any major health issue. If you’re an athlete, a weekend jogger, or simply someone who sits at a computer for extended periods, knowing the most common causes of calf pain, cramp, or ache in your calf will enable you to heal faster and steer clear of long-term problems. Image Source: Bing Image. License: All Creative Commons Getting to Know the Calf: Beyond Muscle Your calf consists of two large muscles, the…
JOHANNESBURG :Dutch technology investor Prosus is not planning to list Indian digital payments and lending firm PayU this year, with the focus on improving the business over the next six to 12 months, its chief financial officer said on Monday.While Prosus hoped to list PayU by 2025, “that is not going to be our focus in the next year. Our focus is actually going to be to improve that business,” Nico Marais, Prosus’s chief financial officer told Reuters.
KEEP CALM AND CARRY ON World share markets were proving resilient so far, with S&P 500 futures off just 0.1 per cent and Nasdaq futures down 0.2 per cent. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1 per cent, while Chinese blue chips dipped 0.2 per cent. Japan’s Nikkei eased 0.2 per cent, though surveys showed manufacturing activity there returned to growth in June after nearly a year of contraction. EUROSTOXX 50 futures lost 0.4 per cent, while FTSE futures fell 0.3 per cent and DAX futures slipped 0.4 per cent. Europe and Japan are heavily reliant on…
[PARIS] Oil buyers and traders across Asia are watching the escalation of a conflict around Iran with bated breath, as the top importing region braces for the impact of any disruption of exports from the Persian Gulf.Asia buys more than four-fifths of all the crude produced in the Middle East, and 90 per cent of that goes through the Strait of Hormuz, according to data from Kpler. Here are three key concerns for the Asian market as the conflict expands: The Iran-China linkChina, the world’s largest oil refiner, gets about 14 per cent of its crude from Iran, Kpler data show.…
If you follow global HIV breakthroughs, you’ve surely heard about Lenacapavir — a revolutionary twice-a-year injection that’s changing how we think about HIV prevention (PrEP) and treatment (ART). Approved under the brand names Sunlenca® (for treatment) and Yeztugo® (for PrEP), Lenacapavir is hailed for its convenience: just one injection every six months instead of daily pills. How does Lenacapavir help? For people with drug-resistant HIV, Sunlenca® offers fresh hope. For HIV-negative people at risk, Yeztugo® promises long-lasting protection. Side effects? Mostly mild: injection site pain, headache, nausea. The catch? It’s not available in India yet — and costs a whopping…