Carbice's Carbon Nanotube Thermal Pad Lands in an AMD Retail Box for the First Time, Noctua to Distribute Standalone Pads This September The FPS Review
Carbice's Carbon Nanotube Thermal Pad Lands in an AMD Retail Box for the First Time, Noctua to Distribute Standalone Pads This September The FPS Review
Bet_Noire/iStock via Getty Images By Lynn Song , Chief Economist, Greater China Manufacturing PMIs moderate in May China’s official manufacturing purchasing managers’ index, published by the National Bureau of Statistics over the weekend, showed activity falling to 50.0 in May, down from 50.3 in April. This 50.0 level represents the threshold between expansion and contraction and marked a 3-month ...
Bet_Noire/iStock via Getty Images By Lynn Song , Chief Economist, Greater China Manufacturing PMIs moderate in May China’s official manufacturing purchasing managers’ index, published by the National Bureau of Statistics over the weekend, showed activity falling to 50.0 in May, down from 50.3 in April. This 50.0 level represents the threshold between expansion and contraction and marked a 3-month low. There was a broad-based decline in the sub-indices. But we saw the most notable drops in new orders, which fell back into contraction at 49.9 from 50.6, and new export orders, which fell to 48.6 from 50.3. The Raw Material Purchasing Price Index (60.5) and Ex-factory price index (51.9) also saw fairly steep declines in May. Still, both remain well above 50, suggesting that China's reflation trend is continuing. The production sub-index also saw a 0.3pp drop but remained comfortably in expansion territory at 51.2 in May. Manufacturing activity still looks firm. Large enterprises have resumed their long‑running lead - their PMI has topped medium and small firms in 23 of the past 25 months - suggesting April’s brief rebound among smaller manufacturers may have been a blip rather than a turning point. The RatingDog PMI fared better, showing a slight moderation to 51.8, down from 52.2. This outperformed market forecasts for a bigger decline. It suggests China's export-focused manufacturing continues to outperform, with external demand remaining solid while domestic demand has been soft. The RatingDog PMI release noted that, aside from employment, the sub-indices all contributed positively in May - though mostly at lower levels than in April. In the past several years, we've seen the correlation between PMI and industrial production weaken. Last month, we saw PMIs rise, while industrial production plummeted to a multi-year low. We believe this may be explained by China's industrial activity becoming increasingly high-tech focused. Also, many of the more traditional manufactu...
New and Enhanced NVIDIA DOCA Security Capabilities for Vera BlueField-4 STX Help Protect AI Agents, Context Memory and File-Based Data Access Directly in Silicon NVIDIA Vera BlueField-4 STX Brings Agentic AI Storage Processing With In-Silicon Security New and enhanced NVIDIA DOCA security capabilities for Vera BlueField-4 STX help protect AI agents, context memory and file-based data access direct...
New and Enhanced NVIDIA DOCA Security Capabilities for Vera BlueField-4 STX Help Protect AI Agents, Context Memory and File-Based Data Access Directly in Silicon NVIDIA Vera BlueField-4 STX Brings Agentic AI Storage Processing With In-Silicon Security New and enhanced NVIDIA DOCA security capabilities for Vera BlueField-4 STX help protect AI agents, context memory and file-based data access directly in silicon. News Summary: New and enhanced NVIDIA DOCA Vault, DOCA Argus and DOCA Flow security c
AI 为企业自动化的是员工「讨厌的工作」，而不是「赚钱的工作」。 几天前，极客公园报道过在 AI 上押上重注的微软公司，悄悄在内部停止了大部分员工的 Claude Code 许可。 这件事十分诡异，因为这一波 AI 落地的浪潮中，面向企业用户最大的营销点就是「提效」。既然能提效，为什么微软却要停止让员工们使用 Claude Code？ 微软并不是唯一一家这么干的，「紧缩 Token 用量」，不再鼓...
AI 为企业自动化的是员工「讨厌的工作」，而不是「赚钱的工作」。 几天前，极客公园报道过在 AI 上押上重注的微软公司，悄悄在内部停止了大部分员工的 Claude Code 许可。 这件事十分诡异，因为这一波 AI 落地的浪潮中，面向企业用户最大的营销点就是「提效」。既然能提效，为什么微软却要停止让员工们使用 Claude Code？ 微软并不是唯一一家这么干的，「紧缩 Token 用量」，不再鼓励员工疯狂 Vibe Coding，已经成了硅谷大厂的新风向。 Uber 在四个月内花完了全年的 AI token 预算。Salesforce 每年给 Anthropic 的支票大约是 3 亿美元。某位 AI 顾问透露，他的一个客户单月 AI 支出高达 5 亿美元。 Meta 甚至悄悄下线了内部的「tokenmaxxing 排行榜」 ——那个榜单原本是为了鼓励员工多用 AI 的。 现在，企业们正在做一件几年前想都不敢想的事： 限制、并监视员工使用 AI 。 为什么大厂们纷纷转向了？ 「Tokenmaxxing」，时代的缩影 要理解今天的成本危机，得先搞清楚「tokenmaxxing」是什么。 这个词大概在 2025 年开始流行，字面意思是「最大化 token 使用量」。它背后是一种管理逻辑—— 既然公司花大钱买了 AI 工具，员工就应该拼命用，用得越多证明你越「数字化转型」 ，用得越少就是在浪费资源。于是很多公司设置了使用配额、排行榜、甚至绩效考核，催着员工把 AI 用起来。 结果呢？ 员工开始用公司的企业级 AI 模型查天气、写生日祝福、问今天吃什么。 一项针对 2444 家公司的研究发现，企业每花 1 美元在 AI token 上， 0.44 美元用于修复 AI 生成的 bug，0.27 美元用于重写 AI 产出的代码，0.11 美元消耗在审查和合并延迟上 。 也就是说，每一块钱 AI 采购成本背后，还藏着将近 80% 的隐性损耗。 投资人 Shruti Gandhi 用了一个很准的比喻：「tokenmaxxing 企业，就像靠开着所有的灯来衡量生产力的公司——花更多钱，不等于产出更多。」 更讽刺的是， 这些公司大多根本不知道员工在用 AI 做什么，更不知道那些任务的完成，是否因为 AI 而带来任何改变 。 这场「烧钱竞赛」从 2024 年烧到了 2025 年，终于在今...
Copper advanced in New York and London to kick off a crucial month that should deliver more clarity on the Trump administration’s plans for levies on imports of the metal to the US. The US Commerce Secretary has until June 30 to give an updated recommendation to President Donald Trump on tariffs for refined copper — the most widely traded form. Ahead of that decision, the premium of US prices over...
Copper advanced in New York and London to kick off a crucial month that should deliver more clarity on the Trump administration’s plans for levies on imports of the metal to the US. The US Commerce Secretary has until June 30 to give an updated recommendation to President Donald Trump on tariffs for refined copper — the most widely traded form. Ahead of that decision, the premium of US prices over the rest of the world has expanded again, prompting a renewed flow of metal to American ports. That’s adding to other supportive factors to keep prices elevated, with the metal racking up a 5% gain in May. Efforts by the US and Iran to negotiate a ceasefire have also helped drive metals higher, while enthusiasm for assets linked to artificial intelligence has spilled over to copper. Goldman Sachs Group Inc. boosted its price outlook for copper on the London Metal Exchange, raising its end-year forecasts by more than 10% as it sees US stockpiling and weaker-than-expected mine supply keeping the market tight. Copper will finish 2026 at $13,735 a ton, they said, versus a previous forecast of $12,465 a ton. “US imports beat expectations in H1 2026, and we expect US imports to reaccelerate over the coming month, reflecting the now-open import arbitrage,” analysts including Aurelia Waltham wrote in a note. The bank’s base is for the US to again delay any tariffs on refined metal. Read More: Copper’s Giant Tariff Trade Is Back and Squeezing Global Market The Commerce Department shocked the copper market last year with a decision not to impose fees, instead recommending a staged introduction of levies starting at 15% on the first day of 2027. That’s the recommendation that the department is expected to revisit by the end of this month. Copper on the LME was up 0.4% to $13,687.50 a ton on Monday by 11:44 a.m. in Shanghai, while heading for its highest close since May 14 on Comex with a gain of 1% to $6.45 a pound. Other metals also advanced in London as investors monitored the late...
Kuwaiti state media report sirens sounding across the country, as officials say air defences active over the country European leaders condemn Israel’s deepening incursion into Lebanon US central command (Centcom) has said that it struck targets in Iran over the weekend, in a statement that came just minutes after Kuwait announced it was under attack. Labelling their actions “ self-defence”, the US...
Kuwaiti state media report sirens sounding across the country, as officials say air defences active over the country European leaders condemn Israel’s deepening incursion into Lebanon US central command (Centcom) has said that it struck targets in Iran over the weekend, in a statement that came just minutes after Kuwait announced it was under attack. Labelling their actions “ self-defence”, the US said it hit Iranian “radar and command and control sites for drones in Goruk, Iran and Qeshm Island”. The measured and deliberate strikes occurred on Saturday and Sunday in response to aggressive Iranian actions that included the shootdown of a U.S. MQ-1 drone that was operating over international waters. U.S. fighter aircraft swiftly responded by eliminating Iranian air defenses, a ground control station, and two one-way attack drones that posed clear threats to ships transiting regional waters.” Continue reading...
NVIDIA Vera Rubin Ramps Into Full Production NVIDIA Vera Rubin is ramping into full production, with Taiwan’s top server makers and global supply chain leaders manufacturing Vera Rubin-based systems at scale — fueling AI labs, cloud providers and hyperscalers to build tomorrow’s intelligence. News Summary: NVIDIA Vera Rubin is ramping into full production, with Taiwan’s top server makers and globa...
NVIDIA Vera Rubin Ramps Into Full Production NVIDIA Vera Rubin is ramping into full production, with Taiwan’s top server makers and global supply chain leaders manufacturing Vera Rubin-based systems at scale — fueling AI labs, cloud providers and hyperscalers to build tomorrow’s intelligence. News Summary: NVIDIA Vera Rubin is ramping into full production, with Taiwan’s top server makers and global supply chain leaders manufacturing Vera Rubin-based systems at scale — fueling AI labs, cloud prov
PM Images/DigitalVision via Getty Images Overview When I previously covered the BlackRock Debt Strategies Fund ( DSU ), I issued a hold rating due to the fund's uncertainty surrounding the outlook of interest rates. Since then, the share price has slightly retracted, but the distributions help to maintain a positive total return. Since that last coverage, the fund has released an updated annual re...
PM Images/DigitalVision via Getty Images Overview When I previously covered the BlackRock Debt Strategies Fund ( DSU ), I issued a hold rating due to the fund's uncertainty surrounding the outlook of interest rates. Since then, the share price has slightly retracted, but the distributions help to maintain a positive total return. Since that last coverage, the fund has released an updated annual report, and the macroeconomic environment has shifted a bit. Therefore, I wanted to reassess the overall appeal and value proposition for the fund going forward. I believe a lot of the same risks remain, but the outlook may have worsened as it appears that interest rate hikes have become more likely. The fund's valuation continues to be a bit tricky. For instance, DSU now trades at a small premium to NAV of 0.82%. Referring to the red line on the graph below, we can see that DSU continues to trade at the higher end of its price-to-NAV range for the last five years. For instance, the fund has traded at an average discount to NAV of 2.89% over the last five years. However, I believe the price-to-NAV relationship is being directly influenced by the fact that DSU continues to pay out a generous distribution. CEF Data DSU now offers investors a starting dividend yield of about 12.1% while issuing those payouts on a monthly basis. However, a review of the latest annual report indicates that DSU is paying out more than it actually earns. This dynamic is unsustainable over time and is one of the reasons why the fund's discount to NAV has seemingly disappeared, although the share price continues to suffer. I believe that a reduction in payouts will be needed to substantially improve the value proposition of the fund. Fund Strategy According to the latest fund overview , DSU now has total managed assets of $735.9M that are spread across ~1,310 different holdings. The fund's primary objective is to provide a high current income for investors, which it achieves by investing in a diversif...