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Nvidia Builds Europe's First Industrial AI Cloud

Nvidia Builds Europe's First Industrial AI Cloud

Yahooa day ago

Nvidia (NASDAQ:NVDA) is launching Europe's first Industrial AI Cloud to turbocharge manufacturing, deploying 10,000 GPUsincluding DGX B200 systems and RTX PRO serversacross a Germany-based AI factory that runs CUDA-X libraries, RTX and Omniverse workloads from Siemens (SIEGY), Ansys (NASDAQ:ANSS), Cadence (NASDAQ:CDNS) and Rescale.
The cloud will handle every step of production, from design and engineering simulation to factory digital twins and autonomous robotics, giving European OEMs a turnkey path to AI-driven operations.
Several blue-chip customers have already signed on: BMW Group, Maserati, Mercedes-Benz and Schaeffler will use Nvidia-accelerated applications to simulate product lifecycles, optimize factory layouts and automate logistics at scale.
By adhering to the Omniverse Blueprint for AI factory designcomplete with Cadence's Reality Digital Twin Platformengineering teams can model the entire facility in a virtual environment before breaking ground. CEO Jensen Huang calls this the next industrial revolution, promising a tenfold boost in compute capacity for European industry over the next two years.
Why It Matters: Embedding AI infrastructure directly into manufacturing hubs will slash development cycles, cut capital costs and help Europe retain its competitive edge against Asia's mass-production juggernauts.
That said, Nvidia is sitting comfortably, with analysts projecting a 12-month price target of $174.71 nearly 22% higher than current levels. The spread is wide, though, with bullish forecasts reaching up to $372.90 and more cautious estimates around $100. The chart shows a relatively stable ride over the past year, but expectations are clearly skewing optimistic heading into 2026. Investors seem to be betting big on AI-driven growth.
This article first appeared on GuruFocus.

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Air India crash refuels Boeing and airline's problems
Air India crash refuels Boeing and airline's problems

Yahoo

time41 minutes ago

  • Yahoo

Air India crash refuels Boeing and airline's problems

The fatal crash of a 787 Dreamliner that was being operated by Air India from Ahmedabad in northwestern India to London Gatwick Airport has once again fueled scrutiny of both Boeing and the airline, as the two companies have been trying to emerge from years of crises and poor reputations. The nearly 12-year-old Dreamliner crashed on a densely populated part of the city soon after takeoff, killing 241 of the 242 people on board on Thursday. The total death toll is expected to rise as the plane fell on a medical college hostel and rescue operations are still under way. The crash raises new concerns for Boeing, which continues to face mounting safety issues that have undermined public trust in its aircraft. These challenges come as the Seattle-based aerospace giant grapples with economic pressures from tariffs imposed by United States President Donald Trump, as well as increased regulatory attention that followed its recent safety issues. The reason behind the crash is not yet clear. But it is yet another fatal accident involving a Boeing aircraft, adding to a string of public relations crises that have made many travellers wary of flying on its planes. 'Boeing has become notorious and infamous with flyers at this moment, regardless of the model of the plane. Even the word 'Boeing' triggers a lot of people,' Adnan Bashir, an independent global communications and corporate affairs consultant who specialises in crisis communications, told Al Jazeera. The company's safety reputation began to unravel in October 2018 when a Lion Air flight operating a 737 MAX crashed due to a malfunction in the Maneuvering Characteristics Augmentation System (MCAS), a programme designed to prevent stalls. That crash killed all 189 people on board. Just months later, in March 2019, an Ethiopian Airlines flight using the same aircraft model crashed for the same reason, killing all 157 people aboard. Turmoil resurfaced in January 2024, when a door panel detached mid-flight on an Alaska Airlines route between Ontario, California, and Portland, Oregon. But until now, the 787 Dreamliner aircraft had maintained a relatively strong safety record. 'This is the first fatal crash of the 787, so despite all of its problems in the early days and all the production issues that Boeing had with the aeroplane, this has had a perfect safety record up to this point,' aviation expert Scott Hamilton told Al launched in 2011, Boeing has sold more than 2,500 of the model globally. Air India bought 47 of them, and to date, Boeing has delivered 1,189 Dreamliners. The model has faced years of safety-related scrutiny. In 2024, John Barnett, a former Boeing quality manager, was found dead under suspicious circumstances after long voicing concerns about the 787. Barnett had alleged that Boeing cut corners to meet production deadlines, including installing inadequate parts. He also claimed that testing revealed a 25-percent failure rate in the aircraft's emergency oxygen systems. In 2019, The New York Times published an expose that revealed Boeing had pressured workers not to report safety violations, citing internal emails, documents, and employee interviews. More recently, another whistleblower, Sam Salehpour, told lawmakers he was threatened for raising safety concerns about Boeing aircraft. Today's crash is the latest fatal incident to occur under the leadership of Boeing CEO Kelly Ortberg, who returned from retirement in 2024 to replace Dave Calhoun. Ortberg had pledged to restore the company's safety reputation. Previously, the last fatal Boeing incident occurred in December, when a Jeju Airlines flight crashed after a bird strike, killing 179 of the 181 people on board. Earlier this month, the US Department of Justice reached a settlement with Boeing that allowed the company to avoid prosecution for previous crashes. The deal required Boeing to pay $1.1bn, including investments to improve safety standards and compensation to victims' families. On Wall Street, Boeing's stock dropped nearly 5 percent from the previous day's market close. At this point, experts believe that ultimately, Boeing executives will be careful with their words because of the looming legal challenges they may face if an investigation finds the fault lies with the plane-maker. 'You can almost guarantee there's going to be lawsuits of some sort. Right now, they're likely triaging internal and external communication plans with their legal team. Because anything they say in public right now could be used as evidence. And so what they're going to be doing right now is staying quiet, most likely until more facts come out,' Amanda Orr, founder of the legal and policy communications consultancy firm Orr Strategy Group, told Al Jazeera. In response to today's crash, Boeing said, 'We are in contact with Air India regarding Flight 171 and stand ready to support them … Our thoughts are with the passengers, crew, first responders and all affected.' Boeing did not respond to Al Jazeera's request for comment. For Air India, which has been undergoing a major reinvention in the last few years, today's crash is a major setback in its efforts to rebrand and modernise. Founded in 1932, the airline was nationalised in 1953. After years of financial struggles and mounting debt, Tata Group acquired the airline for $2.2bn in 2022. As India's only long-haul international carrier to Europe and North America, Air India has a strong hold on global travel from across the country. In 2023, the carrier ordered 220 Boeing aircraft, including 20 Dreamliners, 10 777x jets, and 190 of the embattled 737 MAX. For now, Air India is focused on its response to the crash. 'At this moment, our primary focus is on supporting all the affected people and their families. We are doing everything in our power to assist the emergency response teams at the site and to provide all necessary support and care to those impacted,' said N Chandrasekaran, chairperson of Tata Sons, the holding company of Tata Group, in a statement provided to Al Jazeera. 'I express our deep sorrow about this incident. This is a difficult day for all of us at Air India. Our efforts now are focused entirely on the needs of our passengers, crew members, their families and loved ones,' Craig Wilson, the airline's CEO, said in a video statement. The airline has experienced a few fatal accidents in recent years. In 2020, an Air India Express flight skidded off the runway in Kozhikode in India, killing 20. A similar accident in Mangalore involving a 737-800 claimed 156 lives. Despite the shock of today's crash, flying remains one of the safest modes of travel. According to a 2024 study by the Massachusetts Institute of Technology, the risk of dying in a commercial airline accident is one in every 13.7 million passengers. This continues to be the safest decade in aviation history.

Canada could gain as global investors rethink U.S. emphasis: BNP economist
Canada could gain as global investors rethink U.S. emphasis: BNP economist

Hamilton Spectator

timean hour ago

  • Hamilton Spectator

Canada could gain as global investors rethink U.S. emphasis: BNP economist

TORONTO - Canada stands to gain as global investors rethink their focus on the United States, the chief economist at one of Europe's largest banks says. BNP Paribas chief economist Isabelle Mateos y Lago said in an interview that the volatility in the U.S. is making investors regain an appreciation of the value of stable returns and predictability, even if it means giving up some of the outsized gains it has offered in recent years. 'The general situation is every investor on the face of the planet has been very overweight (the) U.S. economy, and is now going through a thought process of thinking, maybe I shouldn't be so overweight the U.S. economy, and I need to diversify and find alternatives,' she said. 'So every other geography is going through a bit of a beauty contest right now in the eyes of global investors, and has an opportunity to shine, and I think Canada is one of those.' Mateos y Lago, who was in Toronto this week visiting clients, said Canada's recent election helps give the country some momentum, while efforts to address structural barriers like internal trade will also help growth. 'It's a moment of opportunity and so I would be shocked if Canada didn't benefit from it.' The effects of investors shifting away from the U.S. can already be seen in Canada's main stock index, as the S&P/TSX composite hit record highs this week. Mateos y Lago, who was chief markets strategist at U.S. investment manager BlackRock before taking the top economist job at BNP last year, said the focus on the U.S. in recent years has also meant other markets are relatively cheap, helping make them opportunities worth looking at. European countries are looking to Canada as a source of trade diversification, just as Canada is looking across the Atlantic. Geography does present challenges, but otherwise there's much going for increased ties including language, culture and regulations, she said. 'There are obvious complementarities, and things that should make this easier than with some other potential trade counterparts,' said Mateos y Lago. 'There's a renewed momentum on both sides to try and diversify from the U.S. market, and so this mutual interest, I'm sure the talks will be fruitful.' While Canada already has free trade deals in place with Europe, along with many other partners, Mateos y Lago said there's room to be more ambitious by further reducing tariffs and trade barriers between partners. Prime Minister Mark Carney will have an opportunity to talk directly with his European counterparts as G7 leaders, which include France, Germany, Italy and the United Kingdom along with Japan and the U.S., are set to meet next week in Alberta. As chair of the G7 this year, Canada has an important role to play in trying to save and preserve the rules-based global order that has benefited so many, said Mateos y Lago. 'Canada is one of the countries that can help emphasize the interests that all the key economies have in common, and keep working together and trying to safeguard as much of the existing system of rules as can be because that will be to the benefit of all,' she said. 'The more we see that there is common ground still across all the members of the G7, and maybe on some issues with the broader invited guests, I think the more that will be a sign to economic agents everywhere that it's OK, that the house is still standing.' This report by The Canadian Press was first published June 12, 2025.

Southern California Pastrami Favorite Finally Expands to Las Vegas
Southern California Pastrami Favorite Finally Expands to Las Vegas

Eater

timean hour ago

  • Eater

Southern California Pastrami Favorite Finally Expands to Las Vegas

Southern California's beloved pastrami destination, the Hat, is finally moving forward with plans to open in Las Vegas — six years after the chain announced it would expand to Southern Nevada. Construction is now underway on a 4,122-square-foot restaurant at 6239 South Rainbow Boulevard — the same space it staked out in 2019 — with a drive-thru and outdoor patio. The Hat has been a California staple since 1951, serving pastrami dips poised for dunking into homemade au jus, plus burgers, turkey sandwiches, and onion rings. The Hat teased the opening on Instagram, announcing a grand opening in spring 2026. The Hat joins a growing parade of regional fast food favorites expanding into Las Vegas. Most recently, Georgia's favorite fast-food chicken chain, Zaxby's, opened a drive-thru here. Earlier this year, North Carolina-based Bojangles opened in the Southwest, and Hawaii-based Zippy's opened its second location in the Vegas area. And that's not to mention the grocery stores Aldi and H-Mart, which debuted in April. Still rumored to make a Las Vegas appearance: Portillo's potentially. Late-Night Skewers Land in Chinatown The team behind Chubby Cattle's conveyor-belt hot pot restaurant and the high-tech X-Pot on the Strip is back with a new late-night venture. Chubby Skewers opens Wednesday, June 18, on Spring Mountain Road, serving Northeastern Chinese Dongbei-style barbecue from 5 p.m. to 3 a.m. Skewers start at just $1, with a menu that ranges from wagyu beef to duck tongue to spicy cold noodles. The space channels the energy of old-school Chinese street stalls — think bold reds, neon lights, and low tables. New York Noodle Hybrid Extends Its Short-Term Pop-Up Pastaramen, the boundary-blurring Japanese-Italian pop-up from chef Robbie Felice, is extending its run at Bar Zazu in Resorts World Las Vegas through July 12. Originally slated for just a one-month residency, the crossover has drawn crowds with dishes like cacio e pepe gyoza, mochi ramen carbonara, and a $250 truffle porcini ramen that is dramatically prepared in a flaming wheel of Parmigiano-Reggiano. Brewdog Opens a Beer Hall Beneath Its Rooftop Behemoth UnderDog Beer Hall opens on Thursday, June 12, beneath BrewDog's massive 30,000-square-foot rooftop brewpub on the Las Vegas Strip. Tucked inside the Showcase Mall, UnderDog brings a more casual vibe with giant screens, a new pizza-focused menu, and beers on tap — including BrewDog favorites like Elvis Juice and guest pours from local Las Vegas breweries. Baguette Cafe Heads Downtown Baguette Café opened a new downtown Las Vegas location on May 22 right on Las Vegas Boulevard, near Fremont Street. It brings together signature French-inflected breakfast, brunch, and lunch fare just a block from Fremont Street. Known for thoughtful sourcing and warm hospitality, this marks the café's third outpost in the valley — and its first in the heart of Downtown. Chef Leticia Mitchell Opens Another Cocina Leticia's Cocina and Cantina is opening a new location at Boulder Station this summer. Known for dishes like birria quesatacos, shrimp ceviche, and Mexico City-style enchiladas suizas, chef Leticia Mitchell first gained national attention with an appearance on Diners, Drive-Ins and Dives . This will be her second location with Station Casinos, following the original inside Santa Fe Station. She also runs Letty's, a fast-casual spin-off downtown, and sister restaurant Carmelita's Mar y Tierra in East Las Vegas. Leticia's will replace the now-closed Guadalajara restaurant. See More:

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