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AMD unveils new AI chips to challenge Nvidia
AMD unveils new AI chips to challenge Nvidia
Technology
by  AFP

AMD on Monday announced its new artificial intelligence chips for everything from cutting-edge data centres to advanced laptops, ramping up its challenge to the runaway market leader Nvidia. She also announced that AMD will follow an annual update cycle for its advanced accelerators, and the latest -- the Instinct MI325X -- is planned for release later this year.

Airlines eye 'new frontier' of AI ahead of global summit
Airlines eye 'new frontier' of AI ahead of global summit
Economy
by  AFP

Airlines may not be replacing pilots with artificial intelligence anytime soon, but aviation industry experts say the new technology is already revolutionising the way they do business. AI is "undoubtedly a new frontier, in that it's an extraordinary acceleration of technology and capabilities," said Geoffrey Weston, the head consultant on the airline industry at US-based firm Bain & Company.

ECB to start rate cuts but sticky inflation clouds path ahead
ECB to start rate cuts but sticky inflation clouds path ahead
Economy
by  AFP

The European Central Bank is expected to begin cutting eurozone interest rates from historic highs this week, but sticky inflation means the move is unlikely to kickstart a rapid easing cycle. The central bank will also release its own updated forecasts for growth and inflation on Thursday, which will feed into rate-setters' debate about their next move.

Asian markets rally on renewed US rate cut hopes
Asian markets rally on renewed US rate cut hopes
Economy
by  AFP

Asian markets rallied and the dollar weakened on Monday as a closely watched US inflation gauge dipped in April, reviving hopes that the Federal Reserve will cut interest rates this year. The PCE report came after figures showed eurozone inflation topped forecasts in April, though observers were still optimistic the European Central Bank will cut rates this week.

Trump joins TikTok, which he once tried to ban
Trump joins TikTok, which he once tried to ban
Technology
by  AFP

Former US president and current White House hopeful Donald Trump has joined TikTok, posting his first video on the wildly popular social media app he once tried to ban while in office. In the video, which features raucous music, Trump is introduced by UFC CEO Dana White and leans into the camera saying, "It's my honor."