Skip to content
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like......
(Bloomberg) -- The increasing use of artificial intelligence is going to extract a heavy price in power unless the chip industry steps up and heads that off, according to one of the industry’s biggest companies.Data centers are on course to consume 15% of the world’s electricity by 2025, according to Applied Materials Inc., the world’s largest maker of chip equipment. Those giant warehouses of computers currently suck in about 2%, the company said.“AI has the potential to change everything,” said Applied Materials Chief Executive Officer Gary Dickerson speaking in a prerecorded remote keynote for the industry’s Semicon West conference. “But AI has an Achilles’ heel that -- unless addressed -- will prevent it from reaching its true potential. That Achilles heel is power consumption. Training neural networks is incredibly energy-intensive when done with the technology that’s available today.”A flood of new devices are getting internet connections, generating more data and increasing...
The Federal Aviation Administration (FAA) said on Tuesday it plans to issue a proposed airworthiness directive for the Boeing 737 MAX in the "near future" to address changes made since the plane was grounded in March 2019 after two fatal crashes killed 346 people. An official briefed on the matter told Reuters that the FAA is unlikely to unground the 737 MAX before sometime in October. Boeing Co did not immediately comment but has said previously it expects to resume deliveries before Sept. 30 following regulatory approval....
Given all that is going on in the world, has the stock market simply gotten way too hot?...
Tesla (TSLA) is set to post second-quarter results after the closing bell on Wednesday, with market participants anxiously awaiting the report after the electric vehicle-maker bucked the trend of the broader auto industry and reported better than expected quarterly deliveries....
(Bloomberg) -- Seo Jung-jin used to borrow money from loan sharks, pledging his organs to get much needed funds for his upstart drugmaker. Now he’s the second-richest person in South Korea, trailing just Samsung Electronics Co.’s chairman.The Celltrion Inc. founder’s fortune has swelled to $10 billion as shares of his company, which is developing a Covid-19 treatment, almost doubled this year.His rise is extraordinary and represents a shift in the country’s business elite. While family-run conglomerates touch almost every aspect of life in South Korea, more corporate founders making fortunes in non-traditional sectors like Seo have emerged. As the coronavirus pandemic upended people’s lives, the trend has only become more pronounced, with the chaebols losing more of their luster.“Boundaries between industries are getting blurry,” said Park Ju-gun, president of corporate watchdog CEOScore in Seoul. “Those who sit still with traditional businesses don’t cope well with the change. The pandemic has accelerated...
The U.S. on Tuesday saw a reprieve in its seemingly relentless wave of COVID-19 diagnoses, just as President Donald Trump prepared to revive the daily coronavirus press conference....
