Arm Holdings, a subsidiary of SoftBank Group, is set to make a groundbreaking move in the world of artificial intelligence (AI) chips. According to a report by Nikkei Asia, Arm plans to establish an AI chip division and launch its first products by 2025. Development and Timeline The UK-based company aims to have a prototype
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France recently announced significant investments and job creation agreements with major companies such as Amazon, Pfizer, and Morgan Stanley. These developments come as the country prepares to host the annual ‘Choose France’ event, aimed at attracting foreign investments and boosting its economy. Amazon revealed plans to invest an additional 1.2 billion euros in France, with
Iraq’s oil minister recently announced that Chinese companies have secured five more bids to explore oil and gas fields in the country. This adds to the ten licenses that Chinese companies have already obtained, making them the sole foreign players in the latest round of hydrocarbon exploration licensing. The lack of participation from other international
Investor Danny Moses, known for his appearance in “The Big Short,” has expressed deep reservations about the future of Tesla shares. Despite a 32% decline in the stock price this year, Moses remains steadfast in his short position on Tesla. He points to key issues within the company’s core business that are causing him to
British newspaper groups have reacted strongly to Apple’s plans to introduce a “web eraser” tool that would block advertisements in the Safari browser. They have highlighted the potential threat this tool poses to the financial sustainability of journalism. The removal of ads or unwanted website content could significantly impact digital revenues in the industry, which
When it comes to investing in the food industry, Domino’s Pizza (DPZ) stands out as a top pick according to Wall Street experts. Following a strong first-quarter performance, Deutsche Bank analyst Lauren Silberman reiterated a buy rating on DPZ stock with an increased price target of $580. Silberman highlighted the company’s impressive U.S. same-store sales
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Jane Schoenbrun’s film, I Saw Then TV Glow, has seen a significant increase in box office earnings in its second week, with an estimated $195k+ on 21 screens. This expansion marks a successful rollout, driven by a passionate fan base particularly among young, male, and LGBTQ+ audiences. The gender-bending supernatural thriller is set to continue
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In a recent interview, billionaire investor Kenneth Griffin made a passionate plea for Harvard University to embrace “Western values” amidst what he described as a “cultural revolution” in American education. Griffin, who has donated millions to his alma mater, expressed concern over the direction that education in the U.S. has taken in recent years. He
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The Inflation Beneficiaries ETF, created by Horizon Kinetics in January 2021, aims to capitalize on higher inflation rates. Portfolio manager James Davolos believes the fund is well-positioned for the current economic landscape. Despite the possibility of the Federal Reserve cutting rates this year, Davolos remains confident in the ETF’s ability to thrive in an environment