While much of military AI globally focuses on autonomous weapons and large language models, a new study suggests Beijing may also be pursuing a quieter transformation: embedding artificial intelligence (AI) in the deepest layers of industrial manufacturing. A study published last month in the Chinese defence engineering journal Acta Armamentarii described how researchers developed an AI-powered “b...
While much of military AI globally focuses on autonomous weapons and large language models, a new study suggests Beijing may also be pursuing a quieter transformation: embedding artificial intelligence (AI) in the deepest layers of industrial manufacturing. A study published last month in the Chinese defence engineering journal Acta Armamentarii described how researchers developed an AI-powered “bearing design agent” – capable of autonomously designing rolling bearings in advanced machinery. The journal has long served as a leading publication platform for China’s weapons industry, covering technologies linked to aerospace, missile systems, armour, guidance systems and military manufacturing. Advertisement Titled “Study on Rolling Bearing Design Agent Based on Large Language Models with Reasoning and Acting”, the paper detailed an AI system called ChatBearing that combines large language models with engineering calculation tools and industrial databases. Researchers from Chongqing University’s State Key Laboratory of Mechanical Transmission for Advanced Equipment said the system could autonomously perform design requirement analysis, load calculation, bearing selection, life prediction, strength verification and report generation. 05:50 China showcases new military hardware in massive Victory Day parade According to the researchers, traditional bearing design relies heavily on experienced engineers, lengthy trial-and-error processes and expensive testing under extreme conditions including high temperature, heavy load and high rotational speed.
A controversial Chinese app with the allegedly offensive name “dead or alive” has been transformed into a government-backed safety tool. The app, called Sileme, or “Are you dead?”, went viral in January because of its straightforward name that challenged the traditional taboo notions about death. Its function was extremely simple. Advertisement The sign-in app features a giant green button on the ...
A controversial Chinese app with the allegedly offensive name “dead or alive” has been transformed into a government-backed safety tool. The app, called Sileme, or “Are you dead?”, went viral in January because of its straightforward name that challenged the traditional taboo notions about death. Its function was extremely simple. Advertisement The sign-in app features a giant green button on the screen. A person only needs to touch the button every day to confirm their “alive” status. If they fail to check in for two days in a row, it will send a message to the emergency contact person. It costs eight yuan (US$1.2) in the app store. Some people said it was not worth paying for. The sileme app, pictured above, was originally sold bearing a name some people thought was offensive. Photo: Handout But young people liked it, finding it entertaining and meeting the needs of the country’s increasing number of solo users.
The movie 'Pressure' leans into the drama of high-stakes weather forecasts toggle caption Alex Bailey/Focus Features This story contains spoilers for the film Pressure. Meteorologists are rarely the heroes of major Hollywood movies. Never say never. The new film Pressure is a lightly fictionalized version of the actual lead-up to the D-Day invasion of France by Allied troops during World War II, a...
The movie 'Pressure' leans into the drama of high-stakes weather forecasts toggle caption Alex Bailey/Focus Features This story contains spoilers for the film Pressure. Meteorologists are rarely the heroes of major Hollywood movies. Never say never. The new film Pressure is a lightly fictionalized version of the actual lead-up to the D-Day invasion of France by Allied troops during World War II, and the crucial role of meteorologists in deciding when that battle would happen. And it stars some big names. Andrew Scott, most recently of Ripley fame , plays James Stagg, a Scottish meteorologist who is tasked with pulling together a D-Day weather forecast for Gen. Dwight D. Eisenhower, played by Oscar-winner Brendan Fraser . Sponsor Message Stagg is stressed out, to say the least. The movie's title alludes both to barometric pressure, and to the enormous responsibility that the D-Day planners felt, given that so many soldiers were sure to die in the assault on Normandy's beaches. The Allied commanders also knew that, if the invasion failed, the Germans would have the upper hand. There was a lot of pressure on meteorologists to get the forecast right, says James Taylor, the principal curator at the Imperial War Museums in the United Kingdom. "They had an absolutely key role to play in the planning of D-Day." But the main drama in the film comes not from the interpersonal conflict between stressed-out weathermen in well-tailored uniforms, but from the science of weather forecasting itself. The movie depicts how a now-obsolete method of weather forecasting that was popular in the United States leading up to World War II was replaced by more modern methods that were taking root in Europe at the time. "It's really a seminal moment for the entire meteorological community," says Louis Uccellini, who led the National Weather Service from 2014 to 2022. "And that was brought forward for societal benefit post-World War II." Here are three things that Pressure gets right about mode...
Taipei, Taiwan, May 27, 2026 (GLOBE NEWSWIRE) -- Alchip Technologies reported slight year-over-year net income growth in the first quarter of 2026, despite a decline in revenue, as strong year-over-year NRE revenue growth helped offset the decrease. Net income for first quarter 2026 is $45.1 million, up 1.6% from first quarter 2025 net income of $44.4 million, but down 5.7% from fourth quarter 202...
Taipei, Taiwan, May 27, 2026 (GLOBE NEWSWIRE) -- Alchip Technologies reported slight year-over-year net income growth in the first quarter of 2026, despite a decline in revenue, as strong year-over-year NRE revenue growth helped offset the decrease. Net income for first quarter 2026 is $45.1 million, up 1.6% from first quarter 2025 net income of $44.4 million, but down 5.7% from fourth quarter 2025 net income of $47.9 million. Pre-tax profits of $56.4 million for the first quarter of 2026 are up 3.5% year-over-year, compared to pre-tax profits of $54.5 million for the first quarter of 2025, and up very slightly when compared to pre-tax profits of $55.9 million for the fourth quarter of 2025. First quarter 2026 revenue is $132.4 million, down from first quarter 2025 revenue of $318.7 million and fourth quarter 2025 revenue of $152.7 million. Commenting on first quarter 2026 revenue, Chairman of the Board, CEO and President Johnny Shen, pointed to a postponed tape-out milestone for the slightly lower than expected results, but added that the first quarter of 2026 gross margin provides a pleasant upside surprise by going over 50% on a favorable revenue mix. Mr. Shen also pointed out that design demand from the North American region remains strong, especially for the AI related sectors and commented that the company is seeing AI-related designs migrate from 5nm/3nm process technologies to 3nm/2nm nodes. On a technology basis 3nm/2nm advanced geometry designs account for 21% of first quarter 2026 revenue, while 7nm/5nm node designs account for 63%. Designs at nodes ranging from 12nm and larger geometries account for the remaining 16%. Geographically, Asia Pacific contributed 47% of first quarter 2026 revenue, while North America accounted for 23% of first quarter 2026 revenue, with Japan accounting for 8%, and the remaining 22% coming from the rest of the world. Looking ahead to the rest of 2026, Mr. Shen expects revenue momentum to strengthen in the second quarter, foll...
TEL-AVIV, Israel, May 27, 2026 (GLOBE NEWSWIRE) -- Ellomay Capital Ltd. (NYSE American; TASE: ELLO) (“Ellomay” or the “Company”), a renewable energy and power generator and developer of renewable energy and power projects in Europe, USA and Israel, today reported its unaudited interim consolidated financial results for the three month period ended March 31, 2026. Financial Highlights Total assets ...
TEL-AVIV, Israel, May 27, 2026 (GLOBE NEWSWIRE) -- Ellomay Capital Ltd. (NYSE American; TASE: ELLO) (“Ellomay” or the “Company”), a renewable energy and power generator and developer of renewable energy and power projects in Europe, USA and Israel, today reported its unaudited interim consolidated financial results for the three month period ended March 31, 2026. Financial Highlights Total assets as of March 31, 2026 amounted to approximately €885.4 million, compared to total assets as of December 31, 2025 of approximately €843.5 million. Revenues 1 for the three months ended March 31, 2026 were approximately €8.7 million, compared to revenues of approximately €8.9 million for the three months ended March 31, 2025. for the three months ended March 31, 2026 were approximately €8.7 million, compared to revenues of approximately €8.9 million for the three months ended March 31, 2025. Loss for the three months ended March 31, 2026 was approximately €12.2 million, compared to a profit of approximately €6.8 million for the three months ended March 31, 2025. EBITDA for the three months ended March 31, 2026 was approximately €2.1 million, compared to EBITDA of approximately €2.9 million for the three months ended March 31, 2025. See below under “Use of Non-IFRS Financial Measures” for additional disclosure concerning EBITDA. On May 10, 2026, the Company completed the sale of its indirect holdings in Ellomay Luzon Energy Infrastructures Ltd. (“Ellomay Luzon Energy”) for a purchase price of approximately NIS 560 million (approximately €164 million as of such date). Consequently, the Company’s share of profits of Ellomay Luzon Energy, which was an equity accounted investee, after elimination of intercompany transactions, was presented as discontinued operations and results from prior periods were adjusted accordingly. In connection with such sale, the Company executed an early repayment of the Company’s Series E Secured Debentures, which were secured by a pledge on the Ellomay...
And unlike the EV market, where adoption cycles can fluctuate with consumer demand and government incentives, AI infrastructure spending is becoming an arms race. For AI operators, reliable power is becoming mission-critical. Training large language models consumes enormous amounts of electricity, exposing data centers to grid instability and volatile power pricing. As a result, hyperscalers inclu...
And unlike the EV market, where adoption cycles can fluctuate with consumer demand and government incentives, AI infrastructure spending is becoming an arms race. For AI operators, reliable power is becoming mission-critical. Training large language models consumes enormous amounts of electricity, exposing data centers to grid instability and volatile power pricing. As a result, hyperscalers including Amazon, Google, Microsoft, and Meta are rapidly expanding their energy storage footprint alongside new data center construction. That boom is driving explosive growth in Battery Energy Storage Systems, or BESS — massive lithium battery installations designed to stabilize electricity supply for AI infrastructure, renewable power systems, and grid balancing. These systems store electricity during off-peak periods and release it during spikes in demand, outages, or periods of heavy computing load. The lithium shortage story is no longer just an EV story. Artificial intelligence is fast becoming the main usurper of battery demand as hyperscalers race to build out power-hungry data centers across the country. The system was installed earlier this year at a Select Water Solutions facility in Howard County, where the company says production is now underway for technical- and battery-grade applications. Unlike many direct lithium extraction companies still operating at lab or pilot scale, LibertyStream says its Gen 6 platform is already producing lithium carbonate in the field at a commercial deployment site in Texas. The company is developing a system designed to extract and refine lithium directly from produced oilfield water moving through existing U.S. energy infrastructure. LibertyStream ( TSXV:LIB , OTC:VLTLF ) sees this as America's answer to a domestic lithium supply shortage that has nothing to do with mining and everything to do with processing. As U.S. drilling activity expands, so does the volume of potential lithium feedstock moving through existing pipelines, tre...
The European Central Bank warned that the growing role of highly-leveraged trades in the region’s bond markets poses a risk to financial stability. Hedge funds seeking to exploit small price differences between similar assets, such as bonds and equivalent futures contracts, typically rely on leverage ratios of around 25, according to the central bank’s twice-yearly Financial Stability Review. Whil...
The European Central Bank warned that the growing role of highly-leveraged trades in the region’s bond markets poses a risk to financial stability. Hedge funds seeking to exploit small price differences between similar assets, such as bonds and equivalent futures contracts, typically rely on leverage ratios of around 25, according to the central bank’s twice-yearly Financial Stability Review. While such “basis trades” can support liquidity, they risk exacerbating market swings in times of stress, officials said. “Their leveraged positions may have to be unwound quickly if bond prices react sharply to geopolitical or risk sentiment shocks, for instance,” the ECB said in the report published Wednesday. That could “erode the stable funding base of European governments” by amplifying price movements and increasing volatility. Read: Europe’s Whipsawed Bond Market Puts Hedge Funds in Spotlight It’s the latest warning from global regulators about the potential for market blowups related to bond market leverage. Officials fear that rapid liquidation of positions by hedge funds could lead to large price moves that would impact the financing costs of governments, companies and consumers. In a report in February, the Financial Stability Board found yield curve or duration trades were the most popular hedge-fund strategies in European bonds, with the cash-futures basis trade also “prevalent.” The latter may involve a hedge fund using short-term borrowing to buy a bond in order to profit from the small price difference between the security and its corresponding futures contract. In normal times, such transactions should help markets function efficiently by narrowing the gap between cash and futures prices. Hedge funds pursuing arbitrage strategies have become an increasingly important source of liquidity in European government bond markets, the ECB said. But the expanding role for hedge funds coincides with a retreat from the market by traditional buyers of long-dated debt, such...
Bank of Nova Scotia press release ( BNS ): Q2 Non-GAAP EPS of C$2.02 beats by C$0.08 . Revenue of C$9.84B (+8.4% Y/Y) beats by $110M . The provision for credit losses was C$1,217 million compared to C$1,398 million, a decrease of C$181 million. The provision for credit losses ratio decreased by nine basis point to 66 basis points. The Bank's CET1 capital ratio was 13.3% as at April 30, 2026, uncha...
Bank of Nova Scotia press release ( BNS ): Q2 Non-GAAP EPS of C$2.02 beats by C$0.08 . Revenue of C$9.84B (+8.4% Y/Y) beats by $110M . The provision for credit losses was C$1,217 million compared to C$1,398 million, a decrease of C$181 million. The provision for credit losses ratio decreased by nine basis point to 66 basis points. The Bank's CET1 capital ratio was 13.3% as at April 30, 2026, unchanged from the prior quarter. The favourable impact of earnings less dividends and organic reduction in RWA were largely offset by RWA increases from model and methodology updates, unfavourable changes in accumulated other comprehensive income, and share repurchases. The Bank's Tier 1 capital and Total capital ratios were 15.4% and 17% respectively, as at April 30, 2026, unchanged from the prior quarter, as both Tier 1 and Tier 2 capital, and RWA were in line with the prior quarter. The Leverage ratio was 4.3% as at April 30, 2026, a decrease of 10 basis points from prior quarter, primarily from higher leverage exposures. More on The Bank of Nova Scotia The Bank of Nova Scotia (BNS:CA) Shareholder/Analyst Call Transcript Scotiabank: Technicals Now In Sync With Valuation And Macroeconomic Risks The Bank of Nova Scotia (BNS:CA) Presents at 24th Annual Financial Services Conference Transcript Scotiabank launches unified enterprise AI solution Scotia Intelligence Scotiabank looks to hike KeyCorp stake - report
(RTTNews) - German stocks climbed higher on Wednesday despite concerns about inflation, possible rate hikes and lingering uncertainty about Iran and the U.S. reaching a quick peace deal. Weak oil prices helped lift sentiment. Brent crude futures fell below $98 a barrel after reports emerged that some LNG tankers have passed through the Strait of Hormuz in recent days, helping ease supply concerns ...
(RTTNews) - German stocks climbed higher on Wednesday despite concerns about inflation, possible rate hikes and lingering uncertainty about Iran and the U.S. reaching a quick peace deal. Weak oil prices helped lift sentiment. Brent crude futures fell below $98 a barrel after reports emerged that some LNG tankers have passed through the Strait of Hormuz in recent days, helping ease supply concerns amid prolonged West Asia conflict. U.S. Secretary of State Marco Rubio said a potential deal to end the Middle East conflict could "take a few days" amid unresolved issues surrounding Tehran's frozen assets and unrestricted passage through Hormuz. Iran condemned the recent self-defense strikes conducted by U.S. forces and said it would leave no act of aggression unanswered. Auto stocks found support after data showed European car sales climbed for the third successive month in April thanks to strong demand for electric and hybrid vehicles. The benchmark DAX was up 157.33 points or 0.62% at 25,363.25 about a quarter before noon. Adidas climbed 5.7%. Continental moved up 4.2% and Daimler Truck Holding gained nearly 4%, while Symrise advanced 3.75%. Heidelberg Materials, Mercedes-Benz, Volkswagen, MTU Aero Engines, Zalando, BMW, Beiersdorf, Porsche Automobil Holding, Siemens Healthineers and Qiagen gained 2%-3%. Vonovia, Merck, Siemens, Henkel, Deutsche Post, Infineon, GEA Group and Deutsche Bank also posted strong gains. RWE and E.ON drifted down 2.9% and 2.1%, respectively. Deutsche Boerse, Brenntag, Bayer and Siemens Energy also shed notable ground. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
vadishzainer A closely watched measure of market stress fell back near year-to-date lows after spiking during the March-April selloff, signaling easing investor demand for hedges and reduced macroeconomic anxiety. A chart posted by Daily Chartbook showed the U.S. Vol Panic Index dropping sharply after rising markedly in March and April as geopolitical tensions and energy-market volatility rattled ...
vadishzainer A closely watched measure of market stress fell back near year-to-date lows after spiking during the March-April selloff, signaling easing investor demand for hedges and reduced macroeconomic anxiety. A chart posted by Daily Chartbook showed the U.S. Vol Panic Index dropping sharply after rising markedly in March and April as geopolitical tensions and energy-market volatility rattled investors The gauge later retreated toward levels near 3, close to the low end of its historical range shown in the chart. The move suggested investors had unwound defensive positioning put in place during the earlier volatility spike, when concerns around growth, rates, and geopolitics rattled equity markets. The chart also illustrated how unusual the March-April surge had been relative to recent years. Since 2021, the panic index has averaged about 4.8, according to the Goldman data, with stress episodes typically fading quickly after sharp spikes. The latest decline in the gauge coincided with a broader recovery in risk appetite across equities and credit markets as investors increasingly looked through macroeconomic and geopolitical shocks. Here is the chart: Daily Chartbook More on markets There Is No 'Cash On The Sidelines' Is The U.S. Running Out Of Oil? Setting The Record Straight Dow Jones, Nasdaq And S&P 500 Intraday Levels: Markets Are Sending Mixed Feelings On The Peace Deal Goldman lifts S&P 500 target to 8,000 on robust earnings growth US Customs processing $20.6B in importer tariff refunds: report
ByteDance ( BDNCE ) is discussing capital expenditures of up to $70B this year as it builds out data centers and other AI infrastructure, Bloomberg News reported, citing people with knowledge of the matter. The TikTok parent and developer of AI chatbot Doubao will underwrite much of that spending through the nearly $50B of profit it earned in 2025, the report added . ByteDance did not immediately ...
ByteDance ( BDNCE ) is discussing capital expenditures of up to $70B this year as it builds out data centers and other AI infrastructure, Bloomberg News reported, citing people with knowledge of the matter. The TikTok parent and developer of AI chatbot Doubao will underwrite much of that spending through the nearly $50B of profit it earned in 2025, the report added . ByteDance did not immediately respond to Seeking Alpha's request for comment. The expenditure figures are preliminary and subject to adjustment at least every quarter, so the ultimate spending could be different. Capital expenditures, or capex, for this year could be 400B yuan (about $59B) to 500B yuan (around $73B), the report noted. ByteDance has discussed increasing its capital spending to about $100B next year if economic and business conditions are favorable. The company's capex last year was around $25B, according to the report. ByteDance's Chinese AI rivals, Tencent ( TCEHY ) ( TCTZF ) had said its capex for 2025 was 79.2B yuan, while Alibaba ( BABA ) said its capex was 126B yuan for the fiscal year ended in March. ByteDance and its Chinese rivals intend to ramp up spending on the basic infrastructure required to train and run AI services, on potential expectations of widespread consumer adoption as the technology evolves in coming years. Tencent has pledged to at least double its AI investments to over 36B yuan (about $5.3B) this year, while Alibaba maintains a rolling target of over $50B over three years, an amount executives say could grow, the report added. ByteDance is one of China's largest buyers of servers and computing chips, in part because it already has the country's largest video platform. The spending is intended to relieve a global computing crunch as AI development takes off. ByteDance will review AI capex on a quarterly basis, as is the usual practice. Budgets can shift based on business needs and the availability of hardware and electricity, the report noted. Earlier this month,...