Utilities - CybAI news

17 Aug

Asia’s Utility Stocks Have Never Had It So Good in Two Decades

stp2y0 CommentsRAG modelsartificial intelligence, Asia, china, india, japan, policy, stocks, Technology, TORRENT POWER LTD, Utilities, YTL CORP BHD

Utilities stocks have emerged as an unlikely favorite of investors in Asia, and bets are growing that their standout rally this year has further to go.Powering the sector’s boom after two years of losses are supportive local policies and the frenzy surrounding artificial intelligence, which is causing a dramatic increase in electricity demand in many parts of the world. As concerns grow about a potential global economic slowdown and rising geopolitical tensions, utilities firms’ high dividend payouts and the defensive nature of their stocks are also being touted as tailwinds. Source link lol

15 Aug

Nvidia-Backed Cohesity Is Profitable, With 26% Revenue Growth

stp2y0 CommentsRAG modelsCash Flow, Government, infrastructure, IPOs, Markets, NVIDIA CORP, regulation, Sanjay J Poonen, startups, Technology, Utilities

Data security and management startup Cohesity is profitable and experienced revenue growth of 26% for its latest fiscal year, Chief Executive Officer Sanjay Poonen said in an interview on Bloomberg Television.Cohesity is backed by the SoftBank Vision Fund and Nvidia Corp. The company closed the fiscal year with $549 million in revenue, representing 26% growth from a year prior, Poonen said. It also turned free cash flow positive. Source link lol

14 Aug

Hon Hai Shipments of Next-Gen Nvidia Chips to Be Limited in 2024

stp2y0 CommentsRAG modelsAmericas, artificial intelligence, Asia, Emerging Markets, engineering, HON HAI PRECISION INDUSTRY, infrastructure, Jensen Huang, NVIDIA CORP, Technology, Utilities

Hon Hai Precision Industry Co. will only start shipping a small volume of servers containing Nvidia Corp.’s next-generation chips in the fourth quarter, signaling the challenges the US AI accelerator designer faces in speeding up its innovation.Hon Hai’s shipments of servers containing GB200, or a Grace processor bundled with an upcoming Blackwell graphic processing unit, will grow significantly only in the first quarter of 2025, company spokesman James Wu told analysts in a conference call on Wednesday. The Taiwanese manufacturer will be one of the first server makers to ship gear containing GB200 chips, Wu added. Source link lol

14 Aug

EON Boosts Spending on Energy Transition as Europe Electrifies

stp2y0 CommentsRAG modelsDecarbonization, Earnings, europe, germany, Government, industries, infrastructure, Leonhard Birnbaum, Markets, regulation, Taxes, Technology, Utilities

EON SE ramped up investments more than 20% in the first half as the German utility expands a massive network of cables that’s helping to drive the energy transition. As one of Europe’s largest distribution-grid operators, EON plays a key role in the economy’s electrification. The continent aims to be climate-neutral by the middle of the century, an endeavor that requires a huge build-out of grids so that millions of clean-energy generators can be connected. Source link lol

13 Aug

Intel, Pinched by Losses, Sells Stake in Chip Designer Arm

stp2y0 CommentsRAG modelsEarnings, Government, INTEL CORP, IPOs, japan, jobs, Markets, regulation, SOFTBANK GROUP CORP, Technology, Utilities

Intel Corp., which is slashing jobs and expenses in a bid to turn around the business, sold its holdings in chip technology creator Arm Holdings Plc during the second quarter. The company reported in a regulatory filing Tuesday that it no longer owns the 1.18 million shares it held three months earlier. Based on the average price of Arm’s stock during that period — $124.34 — the sale would have raised about $147 million for Intel. Source link lol

13 Aug

How Politics Will Expand Into the Final Frontier

stp2y0 CommentsRAG modelsAPPLE INC, cities, economics, elections, ESG Concerns, Government, military, National Aeronautics and Space Administration, politics, renewable energy, Technology, Utilities

Listen and subscribe to the Voternomics series on the In the City and Stephanomics podcast feeds on Apple, Spotify and the Bloomberg Terminal.The rapid commercialization of space is launching the world into an “era of astropolitics,” journalist and author Tim Marshall tells host Allegra Stratton on this episode of Voternomics.Commercial companies are driving “Space Race 2.0,” from commercial fleets of satellites a few hundred miles above Earth to NASA’s search for private companies to bring back a piece of the moon. Ultimately, Marshall says, entities are eyeing the lucrative prospect of mining extraterrestrial objects for resources needed to provide renewable…

09 Aug

Intel Scraps Innovation Expo as Cash-Strapped Company Makes Cuts

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Intel Corp., which is cutting jobs and costs to preserve its shrinking cash pile, postponed an Innovation event that had been scheduled for next month in San Jose, California. The chipmaker plans to focus on other gatherings, such as webinars, hackathons and the Intel AI Summit, in lieu of the Innovation conference, the company said Friday in an emailed statement. Source link lol

09 Aug

Cisco to Cut Thousands of Jobs in New Layoff Round, Reuters Says

stp2y0 CommentsRAG modelsartificial intelligence, CISCO SYSTEMS INC, cybersecurity, future of work, infrastructure, jobs, new york, Technology, United States, Utilities

Cisco Systems Inc. plans to cut thousands more jobsBloomberg Terminal in a second round of layoffs this year, Reuters reported, as the networking equipment maker shifts its focus to faster-growing businesses such as cybersecurity and artificial intelligence.The news comes on top of the approximately 4,000 jobs the company announced in February that it would eliminate, after a slowdown in corporate tech spending wiped out its sales growth. Source link lol

09 Aug

How a Traditional Toymaker Is Going Big on Digital Games

stp2y0 CommentsRAG modelsAmericas, APPLE INC, apps, business, Chris Cocks, infrastructure, Markets, odd-lots, podcasts, pursuits, Technology, United States, Utilities

Listen to Odd Lots on Apple PodcastsListen to Odd Lots on SpotifySubscribe to the newsletterHasbro has been making toys for decades, including many classic favorites like G.I. Joe and My Little Pony. But in recent years, it's also been going big on digital games. An app version of the classic board game Monopoly — called Monopoly GO! — has become one of the top mobile games of all time and grossed billions in revenue since it launched last year. Hasbro also owns Wizards of the Coast, the publisher of Magic: The Gathering, Dungeons & Dragons, and the best-selling video game…

09 Aug

TSMC Sales Grow 45% in July on Strong AI Chip Demand

stp2y0 CommentsRAG modelsADVANCED MICRO DEVICES, APPLE INC, artificial intelligence, europe, infrastructure, JULY SARL/CAEN, NVIDIA CORP, retail, TAIWAN SEMICONDUCTOR MANUFAC, Technology, Utilities

Taiwan Semiconductor Manufacturing Co.’s revenue rose 45% in July, an early indication of strong demand for AI chips even as a global tech selloff underlined growing doubts about the technology’s potential.Sales for the month reached NT$256.95 billion ($7.9 billion). For the third quarter, analysts project TSMC revenue should grow 37% to NT$747.4 billion, with the July result suggesting TSMC may surpass those expectations. Source link lol