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September 17th news, Google (GOOG.O) has been trying to catch up with OpenAI in the field of generative artificial intelligence, and now it seems to have finally made progress among users. This week, Googles Gemini application took the first place in the Apple App Store free application rankings, surpassing ChatGPT, which led the generative artificial intelligence craze nearly three years ago. Googles Gemini AI model has recently launched some updates, attracting new users. Last month, Google released an upgraded version of its "Flash" AI model, 2.5 Flash Image, which added an image editing feature called Nano Banana. Josh Woodward, head of the Gemini application, said that this product brought 13 million new users to the Gemini application in just four days, bringing its total number of users since its launch to 23 million.According to Japans Asahi Shimbun: Japan will postpone recognizing the State of Palestine.On September 17th, several major US tech companies announced they would invest over $40 billion to expand the UKs AI infrastructure, a significant boon for the country, coinciding with a state visit from President Trump. Microsoft (MSFT.O) said on Tuesday it would invest $30 billion in UK AI infrastructure and existing operations by 2028, its largest financial commitment yet in the country. Google (GOOG.O) said it would invest approximately $6.8 billion in AI, R&D, and related engineering in the UK over the next two years. Meanwhile, Nvidia (NVDA.O), OpenAI, and British company Nscale are collaborating to build AI infrastructure in the UK to meet OpenAIs computing needs. The project, called "Stargate UK," is expected to be located in northeast England and utilize tens of thousands of Nvidias Grace Blackwell Ultra graphics processing units. Among other investments, AI cloud computing company CoreWeave plans to invest approximately $2.04 billion in AI data center capacity and operations in the UK. Salesforce announced it would invest a further $2 billion in its UK operations by 2030, while BlackRock will pour £500 million into data centers across the UK.On September 17th, local time, it was learned on the 16th that Israels Intelligence and Secret Service (Mossad) deployed 100 foreign agents in Iran at the start of the Israel-Iran conflict in June of this year. Israels Channel 13 reported that day that, according to information disclosed publicly for the first time by the Israeli Mossad, the agency established a "small army" of 100 foreign agents in Iran at the beginning of the Israel-Iran conflict in June of this year. Their mission was to destroy Irans numerous missile launchers and air defense systems at the outset of the conflict. The report said that these agents were well-trained and capable of operating missile systems weighing hundreds of kilograms. These missile systems were smuggled into Iran and used to attack Iranian ballistic missile launchers and air defense missile systems. This was reportedly the largest operation by the Israeli Mossad to date.Nvidia (NVDA.O) will work with the UK to build a national artificial intelligence infrastructure and ecosystem to drive innovation, economic growth and jobs.

Oil Prices Stable Despite Libya's Supply Disruption, And Shanghai Preparing to Reopen

Haiden Holmes

Apr 19, 2022 09:34

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At 0020 GMT, Brent oil prices were up 21 cents, or 0.2%, to $113.37 per barrel, while US West Texas Intermediate (WTI) crude futures were down 2 cents to $108.19 per barrel.


With the dollar trading at a new two-year high, gains were restricted. A higher dollar is detrimental to foreign-currency oil purchasers.


Both benchmark contracts gained more than 1% in the previous session after reaching their highest level since March 28 after Libya's announcement that it was unable to supply oil from its largest field and had shut down another due to political demonstrations.


The latest supply disruption occurred as China, the world's top oil importer, was anticipated to ramp up demand as industrial units in Shanghai prepared to reopen.


However, demand issues persist as China continues to implement strict controls to minimize COVID outbreaks.


"At the end of the day, we are still in a tractor pull between global supply shortages and China's COVID demand constraint," Stephen Innes, managing director of SPI Asset Management, said in a note.


Meanwhile, the prospect of a European Union embargo on Russian oil in retaliation for Russia's invasion of Ukraine continues to spook the market. Ukraine claimed Tuesday that Russia, which refers to its efforts as a "special operation," has launched an expected fresh onslaught in the country's east.


"The Russian minister's statement that further nations prohibiting Russian oil imports will result in oil prices reaching record highs bolstered market sentiment," ANZ Research analysts said in a report.