China Secures Banned Nvidia Chips Amid US Export Restrictions, Tenders Reveal
Apr 23, 2024 05:22 am UTC| Technology Business
A Reuters investigation shows that despite U.S. sanctions restricting exports of advanced Nvidia AI chips, several Chinese educational and research institutions have acquired these through Super Micro and Dell...
OpenAI Likely to Launch GPT-4.5 in 2024 Amid Surging AI Development Costs
Apr 23, 2024 04:23 am UTC| Technology
As the race in generative AI heats up, OpenAI may opt for an incremental update with GPT-4.5 this year, sidestepping the substantial resource demands a full leap to GPT-5 would entail. Resource Constraints May Steer...
Venezuela Embraces Cryptocurrency for Oil Exports to Circumvent US Sanctions
Apr 23, 2024 04:18 am UTC| Technology Digital Currency
Venezuelas state oil company, PDVSA, is facing renewed US sanctions. To secure its oil trade revenues, it is increasingly turning to cryptocurrency, specifically USDT. This shift is aimed at sidestepping restrictions that...
Tesla Expands in Thailand: New Interest Rate Program and Land Acquisition Talks
Apr 23, 2024 04:11 am UTC| Technology Business
Tesla Thailand announces a competitive interest rate initiative for Model 3 and Model Y purchasers, paired with discussions for substantial land acquisition to establish a Gigafactory, marking a strategic move in the...
Rivian's Earth Day Special: $5,000 Off for Trading Gas Cars for Electric
Apr 23, 2024 04:08 am UTC| Technology Business
In celebration of Earth Day, Rivian has launched a $5,000 trade-in offer, enticing car owners to switch from select gasoline vehicles to its eco-friendly electric models, the R1T and R1S. The deal includes a year of free...
Hong Kong Crypto Firms Encouraged to Self-Regulate Amid Global Compliance Shifts
Apr 23, 2024 02:05 am UTC| Technology Digital Currency
The Hong Kong Securities Futures Professionals Association (HKSFPA) has advised that the citys cryptocurrency firms form a self-regulatory body and monitor each other for compliance. Hong Kong Proposes Industry-Led...
China's EV Price Battle Intensifies with Tesla's Strategic Cuts
Apr 22, 2024 16:11 pm UTC| Technology Business
China is on the brink of a competitive pricing battle in the electric vehicle (EV) industry, prompted by an oversupply that has led companies like Tesla to cut prices aggressively. These strategic reductions are designed...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Why Germany ditched nuclear before coal – and why it won’t go back
Labour can afford to be far more ambitious with its economic policies – voters are on board
Sudan: civil war stretches into a second year with no end in sight