Malaysia's June CPI rises 1.1% y/y, below forecast
The rise was less than the 1.2 per cent increase forecast in a Reuters poll. The index had risen 1.2 per cent in May. REUTERS
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNA
an hour ago
- CNA
Video-sharing app Vine is returning 'in AI form', Musk says
Elon Musk's social media company X is bringing back popular video-sharing platform Vine in "AI form", the billionaire tech-entrepreneur said on Thursday, almost nine years after the app was discontinued. Musk made the announcement in a post on X, formerly Twitter, but did not provide further details. X did not immediately respond to a Reuters request seeking more information on the reboot. The Tesla CEO has previously hinted at reviving Vine multiple times since he acquired Twitter in 2022, including posting public polls on X about bringing back the short-form video app that was popular in the 2010s. Twitter introduced Vine in January 2013, allowing users to share small snippets of video that were six seconds or less, with the app quickly gaining popularity among video bloggers and attracting millions of followers. In late 2016, Twitter announced it would discontinue the app. The six-second long video format could work favorably for AI-generated content, as most AI video generation tools available currently typically generate short-form content while longer video clips come with increased costs.
Business Times
2 hours ago
- Business Times
Nvidia AI chips worth US$1 billion entered China despite US curbs: FT
[LONDON] Nvidia's advanced artificial intelligence chips worth at least US$1 billion were smuggled to China in the three months after Washington tightened chip export controls, the Financial Times reported on Thursday (Jul 24). The AI chip designer's high-end B200 processors, banned for sale in China, is widely available on a thriving Chinese black market for US chips, the report said, citing sales contracts, company filings and multiple people with direct knowledge of the deals. Nvidia told Reuters that building data centres with smuggled products is inefficient both technically and financially, as the company only offers service and support for authorised products. The US Department of Commerce, White House and Thai government did not immediately respond to requests for comment. Reuters could not independently verify the FT report. In May, multiple Chinese distributors started selling B200s to suppliers of data centres that serve Chinese AI groups, according to the report. The US and China are battling for global dominance in AI and other cutting-edge technologies, triggering a tightrope walk for companies such as Nvidia between the world's two largest economies. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Nvidia last week said it would be allowed to resume sales to China after the Trump administration reversed an export restriction on the sales of chips such as H20. The curbs were imposed in April. In the three months before that, Chinese distributors from Guangdong, Zhejiang and Anhui provinces sold Nvidia's B200s, as well as other restricted processors such as the H100 and H200, according to the report. South-east Asian countries have become markets where Chinese groups obtained restricted chips, the report said, citing industry experts. The US Commerce Department is discussing adding more export controls on advanced AI products to countries such as Thailand as soon as September, the report said. REUTERS
Straits Times
3 hours ago
- Straits Times
Poland secures $4 billion US loan guarantee to boost military modernization
Find out what's new on ST website and app. FILE PHOTO: Polish soldiers ride the South Korean-made K2 tank during trial drills prior to annual artillery show 'Autumn Fire 23' at a military range in Bemowo Piskie near Orzysz, Poland, September 16, 2023. REUTERS/Kacper Pempel/File Photo WARSAW - Poland is set to sign a $4 billion U.S. loan guarantee to help fund the modernization of its armed forces, the Polish defense ministry said on Thursday. Amid heightened regional tensions and Russia's ongoing war in Ukraine, Poland is ramping up defense spending and accelerating efforts to modernize its military, aiming to strengthen NATO's eastern flank. Since 2022 the United States has provided Poland with over $11 billion of loans and loan guarantees to finance armament programs, including Patriot air defense systems, the HIMARS rocket system and Apache helicopters. Spurred by Russia's full-scale invasion of Ukraine in 2022, Poland became NATO's top spender in terms of the proportion of its national wealth devoted to defense. Warsaw said it will spend 4.7% of gross domestic product on defense in 2025 with a pledge to increase this to 5% in 2026. REUTERS
