Everyday investors have billions of dollars stuck in portfolios of private credit, real estate and other hard-to-value assets. Enter Boaz Weinstein . As cracks spread through private credit markets in recent weeks, the head of Saba Capital Management began offering investors quick cash for their stakes in such vehicles run by Blue Owl Capital Inc. Now he's making the same proposal to backers of a ...
Everyday investors have billions of dollars stuck in portfolios of private credit, real estate and other hard-to-value assets. Enter Boaz Weinstein . As cracks spread through private credit markets in recent weeks, the head of Saba Capital Management began offering investors quick cash for their stakes in such vehicles run by Blue Owl Capital Inc. Now he's making the same proposal to backers of a Starwood Capital Group real estate fund that has severely curtailed withdrawals for nearly two years. That's just the beginning, Weinstein says. He’s considering tender offers for similar funds and portfolios that he expects will be hit by more redemption demands than the managers can fulfill. He contends the Starwood trust, known as SREIT , has been flooded with about $1 billion in outstanding requests, but has been able to honor only about 4%. Blue Owl has halted redemptions in favor of selling some assets so it can return cash to investors. Weinstein is betting that the fear gripping these less-liquid markets will eventually pass, and depressed asset prices will rebound closer to full value. In the meantime, he will pay cash to retail investors who don’t want to wait it out, something that managers of those portfolios can’t or won’t do. Weinstein volunteers he doesn’t know much about businesses like Blue Owl’s — but if he gets more than 30% off the list price, he’ll take his chances. \ Read more: Private Market Titans Warn of Pain as Credit Cracks Widen Making this happen might be more complex than just buying low and selling high, and possibly very noisy. Weinstein, a chess master in his youth who later got kicked out of the Bellagio casino for counting cards, set up Saba in 2009 and now manages $6 billion across its funds. In 2012, he gained Wall Street fame when he took the other side of outsize bets made by a trader in JPMorgan Chase & Co.’s London chief investment office, the so-called London Whale , which ended up costing the New York-based bank over $6 billion. In...
8213erika/iStock via Getty Images Compounding is, arguably, the most critical element for long-term investors to reach their goals without sacrificing too much of immediate consumption or being forced to find dollar amounts for investment that cannot be really afforded. There is a reason why Albert Einstein once said that compound interest is the eighth wonder of the world. In essence, compounding...
8213erika/iStock via Getty Images Compounding is, arguably, the most critical element for long-term investors to reach their goals without sacrificing too much of immediate consumption or being forced to find dollar amounts for investment that cannot be really afforded. There is a reason why Albert Einstein once said that compound interest is the eighth wonder of the world. In essence, compounding is about generating new wealth (income streams in my case) from both capital that gets deployed as saving and capital that is created from the reinvested interest itself. Over time the latter component (the interest) becomes exponentially larger and dominant, which is where the beauty of the so-called 8th wonder lies. Namely, by being consistent, smart and patient enough it is possible to basically develop another cash flow source, which can greatly accelerate the compounding or simply substitute the salary, leading to full financial freedom. Here is a quick and simple example. Let's imagine that we start with zero dollars and each month we invest $1,000 of our income to get the compounding machine going. Let's also assume that we can earn a decent 8% yield that gets distributed and reinvested on a quarterly basis. In Year 1 we will have $12,000 invested (saved) and less than $500 earned in interest . Nothing special. In Year 5 we will have $60,000 invested (saved) and roughly $13,000 accumulated in interest , which is already something that can start to move the needle. In Year 10 we will be generating annual interest of $13,000 that will now exceed the amount of capital we deploy each month ($1,000). Five years later, in Year 15 , we will have the annual interest doubled to almost $26,000 . Three years later, in Year 18, we will have almost achieved yet another fresh stream of cash flow that corresponds to the amount we started the process ($1,000 per month). And so on... There are of course a couple of pre-conditions that have to be fulfilled for all of this magic to ha...
Arbitrator Reaffirms Matthews's Right to Develop, Produce, Market and Sell Proprietary Dry Battery Electrode Solutions to Third Parties Company Provides Clarity Regarding Recent Favorable Arbitration Decision in Its Litigation with Tesla PITTSBURGH, March 10, 2026 /PRNewswire/ -- For the second time in twelve months, an arbitrator has recognized Matthews International Corporation's (NASDAQ GSM: MA...
Arbitrator Reaffirms Matthews's Right to Develop, Produce, Market and Sell Proprietary Dry Battery Electrode Solutions to Third Parties Company Provides Clarity Regarding Recent Favorable Arbitration Decision in Its Litigation with Tesla PITTSBURGH, March 10, 2026 /PRNewswire/ -- For the second time in twelve months, an arbitrator has recognized Matthews International Corporation's (NASDAQ GSM: MATW) ("Matthews" or the "Company") right to develop, produce, market and sell its proprietary dry battery electrode ("DBE") solutions to third parties. Specifically, on February 13, 2026, an arbitrator entered an interim decision providing additional clarity regarding Matthews' ownership of and rights in "DBE" technology that Matthews has been developing over the past two decades. Matthews successfully defeated Tesla's most meaningful claims as the arbitrator issued an interim decision denying the broad injunctive relief requested by Tesla and rejecting Tesla's attempts to prohibit the Company from selling Matthews' proprietary DBE technology and equipment. Matthews International Corporation logo (PRNewsfoto/Matthews International Corporation) Instead, the interim decision includes a narrow injunction preventing Matthews from using certain parts in dry battery electrode machines. Matthews already has replacement parts, and thus the injunction is not expected to materially impede Matthews' operations or sales. Importantly, this most recent ruling provides further clarity for Matthews and its customers on a going forward basis. With the support of these rulings, Matthews will continue to sell DBE equipment and provide state-of-the-art technology offerings to its customers. This includes Matthews' next generation multi-roll calendering machine. Further, the Company's intellectual property is protected by multiple foundational patents (including US Patent Nos. US12136727, US12237494, US12334534 and US12418017) that prevent other companies from improperly claiming for themselves ...
Highlights Revenues of $263.5 million for the quarter ended January 25, 2026; operating earnings of $8.2 million; and net loss from continuing operations of $0.2 million (0.00 $ per share). Adjusted operating earnings before depreciation and amortization (1) of $33.1 million for the quarter ended January 25, 2026; adjusted operating earnings (1) of $17.5 million; and adjusted net earnings from con...
Highlights Revenues of $263.5 million for the quarter ended January 25, 2026; operating earnings of $8.2 million; and net loss from continuing operations of $0.2 million (0.00 $ per share). Adjusted operating earnings before depreciation and amortization (1) of $33.1 million for the quarter ended January 25, 2026; adjusted operating earnings (1) of $17.5 million; and adjusted net earnings from continuing operations (1) of $6.7 million ($0.08 per share). of $33.1 million for the quarter ended January 25, 2026; adjusted operating earnings of $17.5 million; and adjusted net earnings from continuing operations of $6.7 million ($0.08 per share). Subsequent to the closing of the first quarter of fiscal year 2026, announcement of the closing of the sale of the Packaging Business. Appointment of Sam Bendavid as Chief Executive Officer, effective April 6, 2026. (1) Please refer to the "Non-IFRS Financial Measures" section of this press release for a definition of these measures. MONTRÉAL, March 10, 2026 (GLOBE NEWSWIRE) -- Transcontinental Inc. (TSX: TCL.A TCL.B) announces its results for the first quarter of fiscal year 2026 ended January 25, 2026. "The closing of the sale of our packaging activities allows us to begin a new chapter of our history and focus our resources on our retail services and printing activities, as well as our educational publishing activities," said Thomas Morin, President and Chief Executive Officer of TC Transcontinental. "The recent acquisitions in our in-store marketing activities enabled us to partially offset the slowdown in our traditional activities as well as the impact of strategic price concessions to secure our traditional activities. Despite a challenging start to our fiscal year, we remain confident that we will deliver adjusted operating earnings before depreciation and amortization from continuing operations for fiscal year 2026 that will be similar to fiscal year 2025 at the consolidated level. Lastly, building on the three acquisiti...
Faits saillants Revenus de 263,5 millions $ pour le trimestre clos le 25 janvier 2026; résultat opérationnel de 8,2 millions $; et résultat net lié aux activités poursuivies de -0,2 million $ (0,00 $ par action). Résultat opérationnel avant amortissement ajusté ( 1) de 33,1 millions $ pour le trimestre clos le 25 janvier 2026; résultat opérationnel ajusté ( 1) de 17,5 millions $; et résultat net a...
Faits saillants Revenus de 263,5 millions $ pour le trimestre clos le 25 janvier 2026; résultat opérationnel de 8,2 millions $; et résultat net lié aux activités poursuivies de -0,2 million $ (0,00 $ par action). Résultat opérationnel avant amortissement ajusté ( 1) de 33,1 millions $ pour le trimestre clos le 25 janvier 2026; résultat opérationnel ajusté ( 1) de 17,5 millions $; et résultat net ajusté lié aux activités poursuivies ( 1) de 6,7 millions $ (0,08 $ par action). de 33,1 millions $ pour le trimestre clos le 25 janvier 2026; résultat opérationnel ajusté de 17,5 millions $; et résultat net ajusté lié aux activités poursuivies de 6,7 millions $ (0,08 $ par action). Subséquemment à la clôture du premier trimestre de l'exercice financier 2026, annonce de la clôture de la vente des activités d'emballage. Nomination de Sam Bendavid au poste de chef de la direction, à compter du 6 avril 2026. (1) Veuillez consulter la section « Données financières non conformes aux IFRS » dans le présent communiqué de presse pour les définitions de ces mesures. MONTRÉAL, 10 mars 2026 (GLOBE NEWSWIRE) -- Transcontinental inc. (TSX : TCL.A TCL.B) annonce ses résultats du premier trimestre de l'exercice financier 2026 clos le 25 janvier 2026. « La conclusion de la vente de nos activités d'emballage nous permet d'entamer un nouveau chapitre de notre histoire et de concentrer nos ressources sur nos activités de services au commerce de détail et d'impression, ainsi que d’édition pédagogique, a déclaré Thomas Morin, président et chef de la direction de TC Transcontinental. « Les récentes acquisitions dans nos activités de marketing sur le lieu de vente nous ont permis de partiellement contrebalancer le ralentissement dans nos activités traditionnelles ainsi que les effets de concessions de prix stratégiques qui nous permettent de sécuriser nos activités traditionnelles. Malgré un début d'exercice difficile, nous demeurons confiants de livrer un résultat opérationnel avant amortissement...
Robert Way Nvidia ( NVDA ) has made a “significant” investment in artificial intelligence startup Thinking Machines and will supply the startup with chips as part of a multi-year deal, the two companies announced on Tuesday. The size of Nvidia's investment into Thinking Machines was not disclosed. Thinking Machines Lab, run by former OpenAI ( OPENAI ) CTO Mira Murati, said it will deploy at least ...
Robert Way Nvidia ( NVDA ) has made a “significant” investment in artificial intelligence startup Thinking Machines and will supply the startup with chips as part of a multi-year deal, the two companies announced on Tuesday. The size of Nvidia's investment into Thinking Machines was not disclosed. Thinking Machines Lab, run by former OpenAI ( OPENAI ) CTO Mira Murati, said it will deploy at least one gigawatt of Nvidia's Vera Rubin systems to support Thinking Machines’ frontier model training and platforms. Deployment is set for early next year, Thinking Machines added. “AI is the most powerful knowledge discovery instrument in human history,” said Nvidia CEO and founder Jensen Huang in a statement . “Thinking Machines has brought together a world-class team to advance the frontier of AI. We are thrilled to partner with Thinking Machines to realize their exciting vision for the future of AI.” “NVIDIA’s technology is the foundation on which the entire field is built,” said Mira Murati, cofounder and CEO of Thinking Machines. “This partnership accelerates our capacity to build AI that people can shape and make their own, as it shapes human potential in turn.” In July, Thinking Machines raised $2B in a funding round that valued it at $10B. Andreessen Horowitz, also known as a16z, led the funding round, which included participation by Nvidia ( NVDA ), AMD ( AMD ), ServiceNow ( NOW ), Cisco Systems ( CSCO ), and others. More on Nvidia Nvidia: Regime Change And Narrative Noise (Rating Downgrade) Nvidia: Ahead Of GTC 2026, Architectural Supremacy Beyond Hyperscaler CapEx FOMO Nvidia's 'Unholy Trinity' Paralyzing Upside Nvidia in focus as BofA reiterates Buy ahead of GTC Broadcom, Nvidia, TI and Monolithic emerge as 'top picks' among semis after earnings: Citi
Robert Way Nvidia ( NVDA ) has made a “significant” investment in artificial intelligence startup Thinking Machines and will supply the startup with chips as part of a multi-year deal, the two companies announced on Tuesday. The size of Nvidia's investment into Thinking Machines was not disclosed. Thinking Machines Lab, run by former OpenAI ( OPENAI ) CTO Mira Murati, said it will deploy at least ...
Robert Way Nvidia ( NVDA ) has made a “significant” investment in artificial intelligence startup Thinking Machines and will supply the startup with chips as part of a multi-year deal, the two companies announced on Tuesday. The size of Nvidia's investment into Thinking Machines was not disclosed. Thinking Machines Lab, run by former OpenAI ( OPENAI ) CTO Mira Murati, said it will deploy at least one gigawatt of Nvidia's Vera Rubin systems to support Thinking Machines’ frontier model training and platforms. Deployment is set for early next year, Thinking Machines added. “AI is the most powerful knowledge discovery instrument in human history,” said Nvidia CEO and founder Jensen Huang in a statement . “Thinking Machines has brought together a world-class team to advance the frontier of AI. We are thrilled to partner with Thinking Machines to realize their exciting vision for the future of AI.” “NVIDIA’s technology is the foundation on which the entire field is built,” said Mira Murati, cofounder and CEO of Thinking Machines. “This partnership accelerates our capacity to build AI that people can shape and make their own, as it shapes human potential in turn.” In July, Thinking Machines raised $2B in a funding round that valued it at $10B. Andreessen Horowitz, also known as a16z, led the funding round, which included participation by Nvidia ( NVDA ), AMD ( AMD ), ServiceNow ( NOW ), Cisco Systems ( CSCO ), and others. More on Nvidia Nvidia: Regime Change And Narrative Noise (Rating Downgrade) Nvidia: Ahead Of GTC 2026, Architectural Supremacy Beyond Hyperscaler CapEx FOMO Nvidia's 'Unholy Trinity' Paralyzing Upside Nvidia in focus as BofA reiterates Buy ahead of GTC Broadcom, Nvidia, TI and Monolithic emerge as 'top picks' among semis after earnings: Citi
One thing became clear in Monday's big market comeback: Traders don't think this volatility will persist. The Dow Jones Industrial Average closed more than 200 points higher Monday, erasing an 886-point decline seen earlier in the day. The turnaround came after President Donald Trump signaled that the Iran war was nearing an end. The moves echoed those seen in 2025 after Trump unveiled sweeping ta...
One thing became clear in Monday's big market comeback: Traders don't think this volatility will persist. The Dow Jones Industrial Average closed more than 200 points higher Monday, erasing an 886-point decline seen earlier in the day. The turnaround came after President Donald Trump signaled that the Iran war was nearing an end. The moves echoed those seen in 2025 after Trump unveiled sweeping tariffs on imports last April. Stocks initially moved sharply lower, with the S & P 500 tumbling more than 9% in the week of the "liberation day" announcement. The following week, the benchmark climbed more than 5% as the White House backed away from the most aggressive proposals. The index went on to reach record levels throughout 2025, with traders betting that "Trump always chickens out", or TACO for short. .SPX 5D mountain SPX 5-day chart This time around, traders are betting that "Trump won't allow conditions to dramatically deteriorate further" when it comes to oil prices and the Iran war, said Adam Crisafulli of Vital Knowledge. "The fear is much greater about missing the Trump TACO rally than there is about being caught long in the event of a further escalation," he added. Crude prices soared above $110 per barrel this week before easing back to around $90. The Cboe Volatility Index (VIX) , Wall Street's "fear gauge," hit a high of 35.3 on Monday before closing at 25.5. Early Tuesday, the VIX was trading around 25.2. Amy Wu Silverman, head of derivatives strategy at RBC Capital Markets, told CNBC's "Squawk Box" that such reversals were also seen after the Ukraine-Russia war began in 2022. "The market's clearly decided to price the geopolitical historical precedent, which is this is going to be similar to Russia-Ukraine … where you begin to fade volatility," she said. There's only one wrinkle to this view, Silverman added: "It's not up to us to say the war is over. … There's obviously another actor who could continue to do damage to other countries in Gulf, to the Stra...
Win McNamee/Getty Images News Carlyle Group ( CG ) is utilizing structured financing for creating a new flagship fund as it strives to raise funds and pay back investors in older funds against a backdrop of slower deal activity, according to a media report. Known internally as "Project Potomac," Carlyle ( CG ) would seed a new buyout fund, Carlyle Partners IX, and pay back money to come investors ...
Win McNamee/Getty Images News Carlyle Group ( CG ) is utilizing structured financing for creating a new flagship fund as it strives to raise funds and pay back investors in older funds against a backdrop of slower deal activity, according to a media report. Known internally as "Project Potomac," Carlyle ( CG ) would seed a new buyout fund, Carlyle Partners IX, and pay back money to come investors in the company's older private equity funds, Bloomberg News reported, citing people familiar with the matter. The structure would resemble a collateralized fund obligation but could be the biggest financing of its kind, they said. In collateralized fund obligations, stakes in two or more of a firm's funds are combined into a special purpose vehicle that's used as collateral to issue debt and equity. The structure allows money managers to borrow more cheaply than taking out debt against a single fund or portfolio company, Bloomberg said. Meanwhile, it provides cash to make new investments, start additional funds, or return money to limited partners. The deal would consist of a combination of senior debt, preferred shares, and common equity, with Carlyle ( CG ) holding a significant minority stake in the common equity on its books, the people told Bloomberg. Investors in previous funds would transfer their holdings into a new vehicle in exchange for equity and some cash, which would be invested in the new buyout fund, they said. “Project Potomac” will hold stakes in Carlyle's ( CG ) seventh and eighth flagship private equity funds, the report said. The company hasn't yet started fundraising for Carlyle Partners IX, its ninth fund. AlpInvest, the company's secondaries platform, will structure the transaction, Bloomberg said, citing some of the people familiar. The move comes after the firm last month set a goal of raising more than $200B by 2028 . More on Carlyle The Carlyle Group Inc. (CG) Shareholder/Analyst Call Transcript The Carlyle Group Inc. (CG) Shareholder/Analyst Cal...
Creatd ( CRTDD ) on Tuesday said it sold its remaining 80% equity stake in subsidiary Fly Flyte to Catheter Precision ( VTAK ). Under the terms of the transaction, Creatd will receive about $6 million in cash and nearly $6 million in convertible preferred stock of Catheter Precision. The company said the sale strengthens its balance sheet and positions it as a significant shareholder in Catheter P...
Creatd ( CRTDD ) on Tuesday said it sold its remaining 80% equity stake in subsidiary Fly Flyte to Catheter Precision ( VTAK ). Under the terms of the transaction, Creatd will receive about $6 million in cash and nearly $6 million in convertible preferred stock of Catheter Precision. The company said the sale strengthens its balance sheet and positions it as a significant shareholder in Catheter Precision. Creatd acquired Fly Flyte about a year ago and said it implemented operational and technology changes before positioning the company for acquisition. The companies said they will continue to collaborate through a strategic relationship, including efforts related to aviation and eVTOL logistics platform development. CRTDD closed -7.5% at $9.25. Source: Press Release More on Creatd, Catheter Precision Seeking Alpha’s Quant Rating on Creatd Financial information for Creatd Seeking Alpha’s Quant Rating on Catheter Precision Financial information for Catheter Precision
2026年开春，短剧行业在春节档的余温中迎来了一场关于“红果地震”“短剧变天”的热议。从“亏损7亿”到“取消保底”，再到“All in AI仿真人剧”，“红果在巨大财务压力下断臂求生”的传闻愈演愈烈。 然而，镜象娱乐咨询相关行业人士后发现，传闻存在大量误读与夸张成分。所谓“红果亏损7亿”，实际来源于上市公司中文在线的财报数据，与红果短剧并无直接关联；保底政策确实进行了结构性优化，但并非一刀切取消；...
In this article SMH Follow your favorite stocks CREATE FREE ACCOUNT SK Hynix Inc. 12-layer HBM3E memory chips, front, and a LPDDR5X CAMM2 memory module arranged at the company's office in Seongnam, South Korea, on Tuesday, April 22, 2025. SeongJoon Cho | Bloomberg | Getty Images A prolonged conflict in the Middle East could impact the semiconductor industry's access to key materials while rising c...
In this article SMH Follow your favorite stocks CREATE FREE ACCOUNT SK Hynix Inc. 12-layer HBM3E memory chips, front, and a LPDDR5X CAMM2 memory module arranged at the company's office in Seongnam, South Korea, on Tuesday, April 22, 2025. SeongJoon Cho | Bloomberg | Getty Images A prolonged conflict in the Middle East could impact the semiconductor industry's access to key materials while rising costs could hit demand for chips that have been central to the artificial intelligence boom, analysts warned. The U.S.-Israel war with Iran has shone a spotlight on the role countries in the Middle East play in the complex and intricate semiconductor supply chain. Semiconductor stocks were caught in the sell-off seen in equity markets before President Donald Trump said on Monday that war will end "very soon." Memory chipmakers SK Hynix and Samsung have been hit particularly badly with more than $200 billion wiped off their combined value since the start of the war, even with both stocks rallying sharply on Tuesday. The VanEck Semiconductor ETF is down about 3% since the start of the war paring some losses after a 3.6% jump on Monday. "A prolonged regional conflict could potentially disrupt chipmakers' manufacturing operations regarding sourcing materials like Helium and Bromine," Ray Wang, memory analyst at SemiAnalysis, told CNBC. "For now, the impact appears to be limited. However, a prolonged conflict could eventually lead to disruptions or require adjustments in the sourcing of key materials." Middle East key to chip industry A South Korean lawmaker warned last week that the Iran war could hamper access to key materials from the Middle East such as helium, Reuters reported. The lawmaker also warned a prolonged conflict could lead to higher energy prices. So, what exactly is the role of certain countries in the Middle East in the semiconductor supply chain? Qatar produces over a third of the world's helium supply, according to the U.S. Geological Survey. Helium is used in...
adventtr/E+ via Getty Images Quantum computing company IonQ ( IONQ ) is collaborating with the Applied Research Laboratory for Intelligence and Security (ARLIS) to set up a zero trust security framework for quantum architectures. The company said the collaboration is aimed at advancing the state of quantum computing security by analyzing existing commercial quantum computing security practices wit...
adventtr/E+ via Getty Images Quantum computing company IonQ ( IONQ ) is collaborating with the Applied Research Laboratory for Intelligence and Security (ARLIS) to set up a zero trust security framework for quantum architectures. The company said the collaboration is aimed at advancing the state of quantum computing security by analyzing existing commercial quantum computing security practices with an aim to understand what it would take to deploy Zero Trust Architecture, or ZTA, to future quantum computers. ZTA is a cybersecurity framework based on the principle of never trusting and always verifying. IonQ noted that it is teaming up with ARLIS on SEQCURE (Securing Experimental Quantum Computing Usage in Research Environments), a program sponsored by the Secretary of the Air Force’s Concepts, Development, and Management Office. ARLIS is a U.S. Department of Defense-designated University Affiliated Research Center, or UARC, based at the University of Maryland. The company said that through this project, it will assist ARLIS in defining a ZTA framework based on standards set by the National Institute of Standards and Technology, or NIST, ensuring quantum technologies can be deployed securely across hardware, software, data, and cloud environments. The resulting architecture standards will guide trusted integration across federal agencies, according to the company. "This project with ARLIS is a definitive step in creating the secure, verifiable framework required for the future of the quantum internet and national-scale deployments," said IonQ's Chairman and CEO Niccolo de Masi. The partnership builds on IonQ’s portfolio of federal partnerships, including existing contracts with ARLIS, DARPA, and the U.S. Air Force Research Lab. Shares of IonQ were largely flat premarket on Tuesday. More on IonQ IonQ: The Quantum Computer Leader And The SkyWater Deal Just Accelerates It IonQ, Inc. (IONQ) Presents at Morgan Stanley Technology, Media & Telecom Conference 2026 Transcript...
TLDR AMD rose 5.33% after being named a lead strategic investor in Xanadu’s $275 million funding round Xanadu and AMD used hybrid quantum-classical computing to cut aerospace simulation time by 25x The collaboration used Xanadu’s PennyLane software running on AMD’s HPC infrastructure via AMD DevCloud Xanadu is set to go public this quarter via a merger with Crane Harbor Acquisition Corp (CHAC) The...
TLDR AMD rose 5.33% after being named a lead strategic investor in Xanadu’s $275 million funding round Xanadu and AMD used hybrid quantum-classical computing to cut aerospace simulation time by 25x The collaboration used Xanadu’s PennyLane software running on AMD’s HPC infrastructure via AMD DevCloud Xanadu is set to go public this quarter via a merger with Crane Harbor Acquisition Corp (CHAC) The combined company will trade as “XNDU” on both the Nasdaq and Toronto Stock Exchange 💥 Find the Next KnockoutStock! Get live prices, charts, and KO Scores from KnockoutStocks.com , the data-driven platform ranking every stock by quality and breakout potential. Advanced Micro Devices (AMD) jumped 5.33% on Tuesday after the chipmaker’s quantum computing partnership with Xanadu was thrust into the spotlight ahead of Xanadu’s planned trading debut. Advanced Micro Devices, Inc., AMD The two companies announced they had used hybrid quantum-classical computing to run an advanced aerospace simulation. The result: a 25x reduction in processing time compared to a traditional CPU setup. The experiment ran Xanadu’s PennyLane quantum software on AMD’s high-performance computing infrastructure through AMD DevCloud. Researchers targeted an algorithm called the quantum singular value transformation, which has direct uses in aerospace and engineering. AMD CEO remarks were absent from the announcement, but Xanadu CEO Christian Weedbrook drew a familiar analogy to explain the approach. “GPUs didn’t wipe out the need for CPUs, and they’re used interchangeably for different problems,” he said. “That’s a type of hybrid computing. We’ve got CPUs, GPUs, and the next big one will be quantum processing units.” The point is simple: quantum doesn’t replace classical computing. It works alongside it. AMD Named Lead Strategic Investor in $275M Round Beyond the research partnership, AMD has put money behind Xanadu. The chipmaker was named a lead strategic investor in a $275 million financing package back...
The Hong Kong Red Cross has raised HK$530 million (US$67.8 million) to provide emergency and long-term support to residents affected by the deadly Tai Po fire , with the NGO expecting all its relief and recovery efforts to be finished in five years. Speaking more than three months after the blaze at Wang Fuk Court that killed 168 people and displaced nearly 5,000 more, the group said on Thursday t...
The Hong Kong Red Cross has raised HK$530 million (US$67.8 million) to provide emergency and long-term support to residents affected by the deadly Tai Po fire , with the NGO expecting all its relief and recovery efforts to be finished in five years. Speaking more than three months after the blaze at Wang Fuk Court that killed 168 people and displaced nearly 5,000 more, the group said on Thursday that it had ended its donation drive. It also pledged to spend no more than 5 per cent of the funds on administrative fees. Advertisement Charity CEO Bonnie So Yuen-han, who is set to retire this month after more than three decades at the NGO, said the city had entered an “early recovery” stage. “We expected that it would take five years for all the emergency relief and long-term recovery, after assessing the scale of the disaster and the amount of resources devoted to supporting victims,” she said. Advertisement “Although the scale of the impact is large and many are affected, we saw many parties, including residents, enterprises and the government, coming forward to help.”
knowlesgallery/iStock Editorial via Getty Images Applied Materials ( AMAT ) has partnered with Micron Technology ( MU ) to develop and build DRAM, high-bandwidth memory, and NAND solutions to increase the performance of artificial intelligence systems, the companies announced today. They intend to bolster the semiconductor innovation pipeline in the U.S. by utilizing Applied Materials' EPIC Center...
knowlesgallery/iStock Editorial via Getty Images Applied Materials ( AMAT ) has partnered with Micron Technology ( MU ) to develop and build DRAM, high-bandwidth memory, and NAND solutions to increase the performance of artificial intelligence systems, the companies announced today. They intend to bolster the semiconductor innovation pipeline in the U.S. by utilizing Applied Materials' EPIC Center in Silicon Valley and Micron's innovation center in Boise, Idaho. "Memory and storage are essential enablers of AI, and sustained innovation in these technologies is critical to unlocking AI's full potential," said Sanjay Mehrotra , Chairman, President and CEO of Micron Technology. "Micron has collaborated with Applied Materials for decades to deliver materials engineering innovations for new memory and storage devices, and we are pleased to extend this partnership to Applied's new EPIC Center in Silicon Valley . Combined with Micron's U.S. -based R&D and manufacturing hubs, this partnership creates a unique lab-to-fab pipeline to advance American memory innovation." The partnership also includes development on advanced packaging to enable high-bandwidth, low-power memory solutions for power-intensive AI workloads. "Our EPIC Center engagement with Applied Materials goes beyond the next node—it's about driving advances in disruptive tools, materials, and processes that enable future memory and storage architectures, technologies, and the extreme scaling needed to deliver higher performance and energy efficiency for our customers," said Scott DeBoer, Executive Vice President and Chief Technology and Products Officer at Micron Technology. Applied Materials new $5B EPIC Center constitutes the largest U.S. investment in advanced semiconductor equipment R&D, the companies said. More on Applied Materials and Micron Micron Technology Will Hit Jackpot With This New Product Micron: Vera Rubin HBM4 Fears Mask A Bullish Earnings Setup Micron Is Likely To Beat Earnings Again And Rise (...
knowlesgallery/iStock Editorial via Getty Images Applied Materials ( AMAT ) has partnered with Micron Technology ( MU ) to develop and build DRAM, high-bandwidth memory, and NAND solutions to increase the performance of artificial intelligence systems, the companies announced today. They intend to bolster the semiconductor innovation pipeline in the U.S. by utilizing Applied Materials' EPIC Center...
knowlesgallery/iStock Editorial via Getty Images Applied Materials ( AMAT ) has partnered with Micron Technology ( MU ) to develop and build DRAM, high-bandwidth memory, and NAND solutions to increase the performance of artificial intelligence systems, the companies announced today. They intend to bolster the semiconductor innovation pipeline in the U.S. by utilizing Applied Materials' EPIC Center in Silicon Valley and Micron's innovation center in Boise, Idaho. "Memory and storage are essential enablers of AI, and sustained innovation in these technologies is critical to unlocking AI's full potential," said Sanjay Mehrotra , Chairman, President and CEO of Micron Technology. "Micron has collaborated with Applied Materials for decades to deliver materials engineering innovations for new memory and storage devices, and we are pleased to extend this partnership to Applied's new EPIC Center in Silicon Valley . Combined with Micron's U.S. -based R&D and manufacturing hubs, this partnership creates a unique lab-to-fab pipeline to advance American memory innovation." The partnership also includes development on advanced packaging to enable high-bandwidth, low-power memory solutions for power-intensive AI workloads. "Our EPIC Center engagement with Applied Materials goes beyond the next node—it's about driving advances in disruptive tools, materials, and processes that enable future memory and storage architectures, technologies, and the extreme scaling needed to deliver higher performance and energy efficiency for our customers," said Scott DeBoer, Executive Vice President and Chief Technology and Products Officer at Micron Technology. Applied Materials new $5B EPIC Center constitutes the largest U.S. investment in advanced semiconductor equipment R&D, the companies said. More on Applied Materials and Micron Micron Technology Will Hit Jackpot With This New Product Micron: Vera Rubin HBM4 Fears Mask A Bullish Earnings Setup Micron Is Likely To Beat Earnings Again And Rise (...
(RTTNews) - V2X, Inc. (VVX), Tuesday announced an extended partnership through 2030 to continue to design, deliver, and evaluate comprehensive technical training for all General Motors (GM) Service Technicians. The extended contract, valued at over $100 million, includes operation of the flagship GM Technical Training Center in Troy, MI, supporting GM's renowned World Class Technician certificatio...
(RTTNews) - V2X, Inc. (VVX), Tuesday announced an extended partnership through 2030 to continue to design, deliver, and evaluate comprehensive technical training for all General Motors (GM) Service Technicians. The extended contract, valued at over $100 million, includes operation of the flagship GM Technical Training Center in Troy, MI, supporting GM's renowned World Class Technician certification program. CEO Jeremy Wensinger said, "Our work with GM has been pivotal in driving our growth across the commercial, government, and military technical training markets. Every day, we strive to earn and uphold GM's trust in V2X." In the pre-market hours, VVX is trading at $73.06, down 0.07 percent on the New York Stock Exchange. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.