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By early March, a government program director was telling UCAR that he needed to “get this done quickly” and that documentation of the supercomputing center needed to be handed over “yesterday.” Even now, months after the deadline for public feedback on the decision, the government admits it hasn’t fully evaluated the comments it received. “The sequence of events strongly suggests that the outcome was predetermined,” the decision notes. For all of those reasons, he concluded that the NSF had already reached a final decision on the transfer of the supercomputing center, and that decision was subject to review under the…
The Organisation for Economic Cooperation and Development has slashed its global growth outlook, warning that the economic damage from the U.S.-Iran war could dramatically worsen unless a durable peace settlement is reached quickly.In its June Economic Outlook, the OECD said global growth is now expected to slow from 3.4% in 2025 to 2.8% in 2026, before recovering to 3.1% in 2027 — should the current energy price shock start easing by the middle of this year.But that’s assuming a time-limited disruption scenario in which a peace agreement is reached and current disruptions to the Strait of Hormuz are swiftly resolved,…
Japan stocks higher at close of trade; Nikkei 225 up 2.61% Source link
Cooling towers at the Dampierre-en-Burly nuclear power plant, operated by Electricite de France SA (EDF), in Dampierre-en-Burly, France, on Tuesday, May 3, 2022. EDF’s falling nuclear production, combined with Russia’s invasion of Ukraine, is exacerbating Europe’s energy crisis as France is traditionally a net exporter of electricity.Bloomberg | Bloomberg | Getty ImagesSoftBank’s plan to invest 75 billion euros in building AI infrastructure in France underscored the nation’s status as a leading hub, but Big Tech’s lofty energy demands will put the wider continent’s grid to the test, analysts say.Japan’s SoftBank on Saturday announced plans to build 3.1 GW of AI…
Details revealed in court show the persistence, cynicism and devious tactics used by the former chief executive. Source link
Martin Odegaard lifts the Premier League trophy as Arsenal are crowned champions of the Premier League for the 2025-26 season.Michael Regan | Getty Images Sport | Getty ImagesThis report is from this week’s CNBC’s UK Exchange newsletter. Like what you see? You can subscribe here.The dispatchAs Martin Odegaard, Arsenal’s captain, lifted the Premier League trophy at Crystal Palace’s Selhurst Park ground in south London on May 24, one could be forgiven for thinking all is well with English football (or soccer…). In winning their first league title in 22 years — and their 14th overall — Arsenal became the third different…
The companies that can provide the most economic value from the power their AI uses will ultimately command the highest valuations, Perplexity CEO Aravind Srinivas told CNBC on Wednesday.Perplexity is stepping up its focus on agentic AI, a term that refers to AI systems capable of handling more complex tasks beyond simple queries. In February, the company announced Perplexity Computer, an agent it says can execute complex tasks over long periods of time.On Wednesday, Perplexity said that Computer will be available on Microsoft’s Windows operating system, enabling the AI to connect to apps like Word and Outlook, as well as…
Taiwan stocks higher at close of trade; Taiwan Weighted up 1.35% Source link
One way archaeologists learn how ancient people, including Neanderthals, did things is to attempt to do those things themselves, a process called experimental archaeology. Normally, that involves making stone tools, butchering deer, or distilling birch tar. But in a new study, it meant doing very destructive things to teeth from one of the world’s most carefully protected animals. That’s because the archeologists suspected that Neanderthals once used rhino teeth as tools. By using the teeth to make stone tools, the researchers demonstrated that Neanderthals probably did the same thing, adding to what we know about the wide range of items in their…
People walk past Reserve Bank of India signage in front of an installation stall at Global Fintech Fest in Mumbai, India, on Aug. 28, 2024.Indranil Aditya | Nurphoto | Getty ImagesIndia’s central bank may defy expectations that it will leave its benchmark interest rate unchanged during its monetary policy decision meeting on Friday.The majority of economists polled by CNBC expect the Reserve Bank of India to keep rates unchanged at 5.25% while signaling a rate hike may only occur towards the end of the year. A minority expect policymakers to act at this week’s meeting in a bid to anchor…
