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The launch of Google’s Gemini 3 has the entire investing world rethinking the artificial intelligence landscape. The new reasoning model not only leapfrogged the latest from ChatGPT juggernaut OpenAI, the still-private company driving so much of the massive AI spending out there, but was also trained entirely on Google’s custom chips called tensor processing units (TPUs), co-designed by Broadcom . In a new post from The Information, the tech outlet said that Meta Platforms is thinking about using Google’s TPUs for its data centers in 2027. The report fuels the debate about whether custom silicon is going to take a…
Oil prices fell on Tuesday as concerns about abundant supply outweighed worries over continued sanctions on Russian shipments, while peace talks aimed at ending the war in Ukraine showed no progress. Brent crude dropped 33 cents, or 0.5%, to 63.04 dollars a barrel by 11:46 GMT. US West Texas Intermediate declined 32 cents, or 0.5%, to 58.52 dollars. Both benchmarks had gained 1.3% on Monday, after growing doubts about reaching a peace agreement between Russia and Ukraine boosted expectations that constrained flows of sanctioned Russian crude and fuel would persist. Despite market anxiety over Russian shipments, broader…
KARACHI: Barrick Mining Corp remains committed to its Reko Diq copper mine in Pakistan, one of the world’s largest undeveloped deposits of the metal, its interim CEO said on Tuesday after reports of a possible withdrawal. The $7 billion project in Balochistan is held in an equal partnership between the company and the Pakistani authorities and is expected to start production by the end of 2028. Barrick’s board had raised the possibility of splitting the company’s assets, which could include an outright sale of the Reko Diq mine and the company’s African assets, Reuters reported this month, citing sources familiar…
Oil prices fell on Tuesday as concerns about abundant supply outweighed worries over continued sanctions on Russian shipments, while peace talks aimed at ending the war in Ukraine showed no progress. Brent crude dropped 33 cents, or 0.5%, to 63.04 dollars a barrel by 11:46 GMT. US West Texas Intermediate declined 32 cents, or 0.5%, to 58.52 dollars. Both benchmarks had gained 1.3% on Monday, after growing doubts about reaching a peace agreement between Russia and Ukraine boosted expectations that constrained flows of sanctioned Russian crude and fuel would persist. Despite market anxiety over Russian shipments, broader…
The euro fell in European trading on Tuesday against a basket of global currencies, resuming its losses after a brief pause yesterday against the US dollar and moving once again toward a two-week low, as traders continue to favor the greenback as the best available investment. Investors are closely following the latest developments in peace talks underway in Geneva aimed at ending the war in Ukraine, with Kyiv maintaining its rejection of the plan proposed by US President Donald Trump, arguing that it leans heavily in Moscow’s favor. Meanwhile, Washington is pushing European governments to adopt the plan—or at…
CNBC’s Jim Cramer said Tuesday that Nvidia’s stock slide to its lowest price in nearly three months is a buying opportunity for investors. Shares of the AI chipmaking king declined 6% in morning trading after The Information reported that Meta Platforms is considering using Google’s tensor processing units (TPUs) for its data centers in 2027. Nvidia’s stock has also been hit recently as worries about the valuations of AI-related companies and massive data center spending commitments have put tech stocks and the overall market under pressure. When asked on “Squawk on the Street” whether he would put fresh money into…
US Treasury Scott Bessent said on Tuesday that Trump may travel to China in November 2026 for the Asia-Pacific Economic Cooperation summit, one of four possible in-person meetings between US President Donald Trump and Chinese President Xi Jinping in 2026.Speaking on CNBC shortly before US markets opened, Bessent said the US and China will always be natural rivals, but their relationship is currently in a good place.Addressing a central concern for Trump and his team – rising inflation and the fortune of American farmers hard-hit by his trade war with China – Bessent said Chinese purchases of US soybeans are…
Oil prices fell on Tuesday as concerns about abundant supply outweighed worries over continued sanctions on Russian shipments, while peace talks aimed at ending the war in Ukraine showed no progress. Brent crude dropped 33 cents, or 0.5%, to 63.04 dollars a barrel by 11:46 GMT. US West Texas Intermediate declined 32 cents, or 0.5%, to 58.52 dollars. Both benchmarks had gained 1.3% on Monday, after growing doubts about reaching a peace agreement between Russia and Ukraine boosted expectations that constrained flows of sanctioned Russian crude and fuel would persist. Despite market anxiety over Russian shipments, broader…
A private Chinese aerospace company has become the first in the world to start mass production of a low-cost, high-performance hypersonic missile, suggesting a seismic shift in military technology and defence industrial dynamics.On Tuesday, Beijing-based Lingkong Tianxing Technology released a video on its official social media account showcasing the YKJ-1000 hypersonic missile in flight and how it struck a real target in a desert testing range.A company representative said the missile was already in mass production at just one-tenth the cost of traditional missiles.The missile has a range of 500 to 1,300km (310 to 808 miles), reaches speeds of Mach…
US President Donald Trump’s phone calls with both his Chinese and Japanese counterparts this week suggest Washington is engaged in a delicate balancing act over the Taiwan issue.These high-level communications are also intended as a message to Japan, and other US allies, that Taiwan is not a top priority for the Trump administration and should not disrupt the stabilisation of Sino-American ties, according to diplomatic observers.On Tuesday morning, Trump and Japanese Prime Minister Sanae Takaichi had a phone call, hours after he spoke by phone with Chinese President Xi Jinping.The calls came amid escalating tensions between Beijing and Tokyo over…