Jan 5 (Reuters) - Advanced Micro Devices CEO Lisa Su showed off the company's MI455 GPU chips on Monday at the CES trade show in Las Vegas. The advanced AI processors are a component in the data center server racks that the company is selling to firms like ChatGPT maker OpenAI. In October, AMD signed a deal with OpenAI worth tens of billions of dollars. OpenAI President Greg Brockman join...
Jan 5 (Reuters) - Advanced Micro Devices CEO Lisa Su showed off the company's MI455 GPU chips on Monday at the CES trade show in Las Vegas. The advanced AI processors are a component in the data center server racks that the company is selling to firms like ChatGPT maker OpenAI. In October, AMD signed a deal with OpenAI worth tens of billions of dollars. OpenAI President Greg Brockman joined Su on stage and touted the benefits of the company's products. (Reporting by Max Cherney in San Francisco and Gnaneshwar Rajan in Bengaluru; Editing by Janane Venkatraman and Thomas Derpinghaus)
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing . Get faster notifications on the latest updates by downloading our app Hong Kong will experience cooler weather over the next couple of days, with temperatures set to fall to as low as 11 degrees Celsius (51.8 Fahrenheit) under the influence of a winter monsoon...
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing . Get faster notifications on the latest updates by downloading our app Hong Kong will experience cooler weather over the next couple of days, with temperatures set to fall to as low as 11 degrees Celsius (51.8 Fahrenheit) under the influence of a winter monsoon and a widening gap in daily readings. Senior scientific officer Tong Yu-fai of the Hong Kong Observatory said on Tuesday that the cold weather would last for a relatively long period. Advertisement “Under the influence of the winter monsoon, cold air from northern and middle China will drift south, affecting Hong Kong,” he said. “Since the monsoon’s influence is expected to persist, cold air will continue affecting us.” Tong also said that at the Observatory’s Tsim Sha Tsui headquarters, the mercury dipped to 11.8 degrees in the morning, while the New Territories recorded lower temperatures of 10 to 11 degrees. Advertisement Looking ahead, morning temperatures were expected to remain steady over the next two days, although they might hit 11 degrees on Wednesday, Tong said.
Greenland’s prime minister pushed back Monday against renewed calls by US president Donald Trump to annex the Arctic territory, while Danish prime minister, Mette Frederiksen, said Trump should be taken seriously when he speaks about wanting Greenland US attack on Greenland would mean end of Nato, says Danish PM US ‘has no right’ to take over Greenland, Danish PM says after renewed Trump threats S...
Greenland’s prime minister pushed back Monday against renewed calls by US president Donald Trump to annex the Arctic territory, while Danish prime minister, Mette Frederiksen, said Trump should be taken seriously when he speaks about wanting Greenland US attack on Greenland would mean end of Nato, says Danish PM US ‘has no right’ to take over Greenland, Danish PM says after renewed Trump threats Starmer backs Danish PM after she demands US stop threats to take over Greenland Continue reading...
Expensive overs, dropped catches and lost reviews sees England have a morning session to forget against Australia on day three of the fifth Ashes Test in Sydney.
Expensive overs, dropped catches and lost reviews sees England have a morning session to forget against Australia on day three of the fifth Ashes Test in Sydney.
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Comparative assessments and other editorial opinions are those of U.S. News and have not been previously reviewed, approved or endorsed by any other entities, such as banks, credit card issuers or travel companies. The content on this page is accurate as of the posting date; however, some of our partner offers may have expired.
China’s Hengyi Petrochemical Co. will embark on a long-planned expansion of its Brunei oil refinery, more than doubling its capacity in the country and intensifying competition in global markets for fuels and plastics. The company will launch the second phase of its Pulau Muara Besar refining and petrochemical complex, which it has operated since late 2019 , with a view to finishing construction b...
China’s Hengyi Petrochemical Co. will embark on a long-planned expansion of its Brunei oil refinery, more than doubling its capacity in the country and intensifying competition in global markets for fuels and plastics. The company will launch the second phase of its Pulau Muara Besar refining and petrochemical complex, which it has operated since late 2019 , with a view to finishing construction by the end of 2028, according to a statement on Tuesday. Hengyi’s Brunei unit has secured tax incentives from local authorities and financing from lenders, it said. The plant’s capacity has been adjusted lower to 12 million tons a year, from an earlier plan of 14 million tons when the project was announced in 2020. On completion, it will push the Brunei unit’s total capacity to 20 million tons, producing mainly diesel, paraxylene, benzene, polypropylene and other higher-value refined oil and chemical products. Global oil refining capacity is set to rebound this year after shrinking in 2025, according to BloombergNEF . Closures in Europe and North America bolstered margins in the second half of the year, allowing for more capacity in Asia. Still, refiners in Southeast Asian countries have been challenged in recent years by rapid capacity growth in the region, driven largely by China.
The United States is “not at war” in Venezuela, the Republican speaker of the House Mike Johnson said on Monday, despite the weekend raid Donald Trump ordered to capture president Nicolás Maduro and announcement that the US would now “run” the country. The surprise incursion came after months of mounting US pressure on Venezuela, which has included a blockade of some oil shipments and airstrikes o...
The United States is “not at war” in Venezuela, the Republican speaker of the House Mike Johnson said on Monday, despite the weekend raid Donald Trump ordered to capture president Nicolás Maduro and announcement that the US would now “run” the country. The surprise incursion came after months of mounting US pressure on Venezuela, which has included a blockade of some oil shipments and airstrikes on vessels off its shores that have killed at least 110 people. Trump has claimed that the newly sworn in interim leader, Delcy Rodríguez, will cooperate with his demands for US oil majors to take control of Venezuela’s large crude reserves, but Democrats have criticized the president for embroiling the United States in the sort of conflict he campaigned on avoiding, without seeking permission from Congress. Following a briefing from top administration officials including secretary of state Marco Rubio, defense secretary Pete Hegseth and attorney general Pam Bondi, Johnson told reporters that Trump is not looking to take control of Venezuela militarily. “We are not at war. We do not have US armed forces in Venezuela, and we are not occupying that country,” Johnson said, noting that he disagreed with Democrats’ criticisms that Trump broke the law by not telling Congress in advance of the attack. “This is not a regime change. This is a demand for change of behavior by a regime. The interim government is stood up now, and we are hopeful that they will be able to correct their action,” the speaker said. The Trump administration has alleged that Maduro ran a “narco-terrorist” government that trafficked drugs, including fentanyl, into the United States, a claim that experts have disputed. They also allege that Maduro allowed US rivals such as China and Russia as well as armed groups like Hezbollah to operate in Venezuela, giving them a foothold in the western hemisphere. Johnson predicted that the White House’s strategy of choking Venezuela’s oil production would force its sociali...
Copper extended a powerful rally after bursting through $13,000 a ton for the first time, as traders and investors bet on a tighter global market. Three-month futures surged as much as 2% to a record above $13,253 a ton in London on Tuesday, surpassing the peak set on Monday. Concerns that the Trump administration may introduce a tariff on refined metal have drawn holdings into the US, potentially...
Copper extended a powerful rally after bursting through $13,000 a ton for the first time, as traders and investors bet on a tighter global market. Three-month futures surged as much as 2% to a record above $13,253 a ton in London on Tuesday, surpassing the peak set on Monday. Concerns that the Trump administration may introduce a tariff on refined metal have drawn holdings into the US, potentially leaving the rest of the world short. “Inventories used to act as a buffer, but now they’re locked in the US,” Li Xuezhi, head of research at Chaos Ternary Futures Co., said by phone. “So the buffer is gone and everyone will have to scramble.” Base metals have made a very strong start to 2026, with the LMEX Index that tracks the main six including copper surging to the highest level since March 2022, when the sector peaked. The red metal — used in wires and cables — has now racked up a gain of more than 20% since late November, while aluminum has rallied to the highest level in more than three years. President Donald Trump fueled a rush to ship copper to the US in the first half of last year, before choosing to exempt refined metal from tariffs, prompting a pause. The trade then revived in recent months as a plan to revisit the question of levies caused local prices once again to trade at a premium. US copper imports in December jumped to the highest since July. “The logic behind this rally remains,” said Li. “We need to track the trend and not get fixated on absolute price levels.” The prospect of US import curbs, as well as optimism about demand given copper’s role in high-growth sectors like renewable energy, data centers and power grids, have fueled a wave of optimistic calls. Among them, Kostas Bintas, high-profile head of metals at Mercuria Energy Group Ltd. , warned in a November interview that the import rush would leave the rest of the world without copper, predicting “this is the big one” for bulls. Goldman Sachs Group Inc. also remains constructive on copper, acc...
Nearly 150 countries have agreed on a landmark plan to stop large global companies shifting profits to low-tax jurisdictions, but the US will be exempt from the deal, angering tax transparency groups. The plan, finalised by the Organisation for Economic Cooperation and Development, excludes large US-based multinational corporations from the 15% global minimum tax after negotiations between the Tru...
Nearly 150 countries have agreed on a landmark plan to stop large global companies shifting profits to low-tax jurisdictions, but the US will be exempt from the deal, angering tax transparency groups. The plan, finalised by the Organisation for Economic Cooperation and Development, excludes large US-based multinational corporations from the 15% global minimum tax after negotiations between the Trump administration and other members of the G7. The OECD secretary general, Mathias Cormann, described the agreement as a “landmark decision in international tax cooperation” that “enhances tax certainty, reduces complexity, and protects tax bases”. Scott Bessent, the US treasury secretary, called the deal “a historic victory in preserving US sovereignty and protecting American workers and businesses from extraterritorial overreach.” The most recent version of the deal waters down a landmark 2021 agreement that set a minimum global corporate tax of 15%. The idea was to stop multinational corporations, including Apple and Nike, from using accounting and legal manoeuvres to shift earnings to low- or no-tax havens. Those havens are typically places like Bermuda and the Cayman Islands, where the companies actually do little or no business. Donald Trump criticised the 2021 deal negotiated by the Biden administration, saying it wasn’t applicable in the US. The Trump administration then threatened retaliatory taxes against countries that imposed levies on US firms under the 2021 deal. Former treasury secretary Janet Yellen was a key driver of the 2021 OECD global tax deal and made the corporate minimum tax one of her top priorities. The plan was widely panned by congressional Republicans at the time, who said it would make the US less competitive in a global economy. The Trump administration in June re-negotiated the deal when congressional Republicans rolled back a so-called revenge tax provision from Trump’s big tax and spending bill that would have allowed the federal government...
By Max A. Cherney and Gnaneshwar Rajan Jan 5 (Reuters) - Advanced Micro Devices CEO Lisa Su showed off a number of the company's AI chips on Monday at the CES trade show in Las Vegas. The advanced MI455 AI processors are a component in the data center server racks that the company is selling to firms like ChatGPT maker OpenAI. Su also unveiled the MI440X, a version of the MI400 series chip desi...
By Max A. Cherney and Gnaneshwar Rajan Jan 5 (Reuters) - Advanced Micro Devices CEO Lisa Su showed off a number of the company's AI chips on Monday at the CES trade show in Las Vegas. The advanced MI455 AI processors are a component in the data center server racks that the company is selling to firms like ChatGPT maker OpenAI. Su also unveiled the MI440X, a version of the MI400 series chip designed for on-premise use at businesses. The so-called enterprise version is designed to fit into infrastructure that is not specifically designed for AI clusters. The MI440X is a version of an earlier chip that the U.S. plans to use in a supercomputer. OpenAI President Greg Brockman joined Su on stage and said chip advancements were critical to OpenAI's vast computing needs. Looking to the future needs of companies like OpenAI, Su previewed the MI500 and said it offered 1,000 times the performance of an older version of the processor. The company said the chips would launch in 2027. Earlier on Monday, Nvidia showed off its next-generation Vera Rubin platform, which is made up of six separate chips. CEO Jensen Huang said it was in full production. It is expected to debut later this year. Nvidia has generated tens of billions of dollars in quarterly revenue from its AI chip sales, a feat that AMD has struggled to achieve thus far. In October, AMD signed a deal with ChatGPT maker OpenAI that will add billions of dollars to the company’s annual revenue. The first deployment of AI chips that incorporate AMD’s MI400 series will roll out this year. OpenAI is a key customer of AMD and executives at the Santa Clara, California-based company expect the deal to lead to significant additional new sales. (Reporting by Max Cherney in San Francisco and Gnaneshwar Rajan in Bengaluru; Editing by Janane Venkatraman and Thomas Derpinghaus)
“I was sat on the tube on the Northern line going south and I noticed a group get on – a man and three young people. There was something happening that I couldn’t quite recognise. They’re not from school. They don’t look like a family group.” Emma Warren, a journalist and author of Up the Youth Club: Illuminating a Hidden History, explains to Helen Pidd how she realised that the man she was observ...
“I was sat on the tube on the Northern line going south and I noticed a group get on – a man and three young people. There was something happening that I couldn’t quite recognise. They’re not from school. They don’t look like a family group.” Emma Warren, a journalist and author of Up the Youth Club: Illuminating a Hidden History, explains to Helen Pidd how she realised that the man she was observing was a youth worker. “Bringing people in, dropping them out. I was watching someone extremely skilful. He was turning the end of the tube carriage into a youth club, and he was conducting a conversation.” Warren outlines the devastating impact a decade of austerity has had on Britain’s network of youth centres, and explains how the youth club is, in many ways, a distinctly British phenomenon – shaped by the stark inequalities of the Industrial Revolution, the aftermath of the second world war and the optimism of the postwar era. Warren explores the substantial cultural impact such clubs have had on the country, and explains the difference a skilled youth worker can make to a young person’s life. Finally, Warren and Pidd discuss the UK government’s new strategy for youth services and consider whether it will be enough to pull Britain’s youth clubs back from the brink. Support the Guardian today: theguardian.com/todayinfocuspod