Nvidia Tie-Up helps Vietnamese Tech Tycoon Bet Big On AI
Vietnamese tech tycoon Truong Gia Binh founded FPT nearly 40 years ago. From robots and software to telecoms and data centers, it's investing in AI with partners like Nvidia. Binh is embedding AI education in the classroom and sees the next generation as the key to Vietnam's development. Binh speaks to Bloomberg's Haslinda Amin about his journey - and Vietnam's - from the legacy of war to the fast pace of technological change in the latest episode of Latitude. (Source: Bloomberg)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Associated Press
17 minutes ago
- Associated Press
Circus SE Moves Global Headquarters to Munich
MUNICH--(BUSINESS WIRE)--Jun 2, 2025-- Circus SE (XETRA: CA1 ), a global technology company in AI software and autonomous robotics for the food service industry, today announces the relocation of its global headquarters to Munich, marking a strategic move to strengthen its position in one of Europe's most dynamic technology hubs. With a strong foundation already laid in the region through years of mechanical engineering and robotics development, the company is doubling down on Munich as its core location for AI innovation, advanced robotics, and pre-series production of its new CA-M military-grade autonomous robot platform. 'As OpenAI, NVIDIA and other global leaders invest in Munich and the global demand for intelligent automation surges, Munich has become one of the few places in the world where cutting-edge research meets world-class engineering talent,' said Nikolas Bullwinkel, CEO and Founder of Circus. 'We're building the future of robotics here – from our civilian food service automation to next-gen defense solutions – and Munich will be our long-term launchpad.' The new HQ will serve as a central R&D hub, attracting top talent and enabling closer collaboration with leading universities, research centers, and the region's industrial base. 'The ecosystem in Munich is continuously evolving into a global hotspot for robotics and AI,' says Dr. Arne Rost, member of the Circus Advisory Board Member and Managing Director of the Venture Lab Robotics/AI from the Technical University Munich. 'The city brings together academic excellence, entrepreneurial drive, and international deep-tech talent – and Circus is one of the most ambitious companies actively shaping this ecosystem.' Circus' expansion signals a broader trend of global tech players choosing Munich as their base to scale high-impact innovation. With serial production underway and global deployments of its robotics system CA-1 lined up, Circus is set to redefine how intelligent machines integrate into everyday life — and Munich is where that future begins. About Circus SE Circus SE (XETRA: CA1) is a global technology company in the field of embodied AI and AI software for the food service industry, driving innovation and autonomy in labor-intensive sectors. With its core product, the CA-1 robot, Circus is a pioneer in applying embodied AI, integrating cutting-edge technologies into real-world operations, and transforming the food service industry. By combining advanced robotics, AI-driven software, and a mission to solve global challenges, Circus is shaping the future of autonomous systems and redefining human-AI collaboration. Headquartered in Germany and with a rapidly growing international presence, Circus leads the next generation of AI applications. View source version on CONTACT: Hongkongstrasse 6 20457 Hamburg [email protected] KEYWORD: GERMANY EUROPE INDUSTRY KEYWORD: TECHNOLOGY ENGINEERING MANUFACTURING SOFTWARE HARDWARE ROBOTICS IOT (INTERNET OF THINGS) FOOD TECH ARTIFICIAL INTELLIGENCE SOURCE: Circus SE Copyright Business Wire 2025. PUB: 06/02/2025 02:52 AM/DISC: 06/02/2025 02:50 AM
Yahoo
32 minutes ago
- Yahoo
Jensen Huang Says AI Will Change Everything—Here's How to Keep Your Job
Nvidia CEO Jensen Huang isn't holding back when it comes to the looming impact of AI on the job market. At the Milken Institute's Global Conference earlier this month, he made it clear: AI will affect every job, and it's happening fast. 'Every job will be affected, and immediately. It is unquestionable,' Huang said. But he didn't stop there. He emphasized that the real risk isn't AI itself, but the people who learn to harness its power. 'You're not going to lose your job to an AI, but you're going to lose your job to someone who uses AI.' Huang's prediction paints a future where those who ignore AI will find themselves replaced by more tech-savvy counterparts. While some tech leaders like Anthropic CEO Dario Amodei are predicting widespread job losses—up to half of all entry-level white-collar positions within five years—Huang takes a different stance. He believes AI will put 30 to 40 million workers back to work by boosting productivity and bridging the global talent gap. 'I would recommend 100% of everybody take advantage of AI,' Huang advised. 'Don't be that person who ignores this technology and as a result, loses your job.' The debate around AI's impact is dividing the tech world. While Axios reported that Anthropic CEO Dario Amodei warns of mass layoffs, others like Mark Cuban point to historical job shifts. 'At one point there were more than 2 million secretaries,' Cuban wrote on Bluesky. 'New companies with new jobs will come from AI and increase total employment.' One thing is clear: ignoring AI is no longer an option. Whether it's a tool for job security or a looming threat, the era of AI-driven transformation is here, and it's moving faster than anyone Huang Says AI Will Change Everything—Here's How to Keep Your Job first appeared on Men's Journal on May 30, 2025 Sign in to access your portfolio
Yahoo
33 minutes ago
- Yahoo
Big Tech Is Back in S&P 500 Driver's Seat as Profit Engines Hum
(Bloomberg) -- The same technology giants that helped drag the S&P 500 to the brink of a bear market in April are giving the recovery in US equities some legs. Billionaire Steve Cohen Wants NY to Expand Taxpayer-Backed Ferry Where the Wild Children's Museums Are The Economic Benefits of Paying Workers to Move Now With Colorful Blocks, Tirana's Pyramid Represents a Changing Albania NYC Congestion Toll Brings In $216 Million in First Four Months Nvidia Corp. put a bow on a better-than-expected earnings season for Big Tech last week by delivering a strong outlook for revenue, despite US restrictions on sales of its chips in China. With Nvidia and Microsoft Corp. rallying back to the cusp of record highs, traders are betting the group is poised to lift the broader market. 'I feel really good about tech coming out of this earnings season,' said Brett Ewing, chief market strategist at First Franklin Financial Services. 'There's still more gas in this tank.' The S&P 500 Index is within 4% of its February record high with much of the rebound being fueled by easing tensions between the US and its trade partners, as well as Big Tech results that showed demand for things like cloud-computing services, software, electronic devices and digital advertising remain intact even as the threat of higher tariffs on sales lingers. Tesla Inc. is up 56% since the benchmark bottomed out on April 8, while Nvidia and Microsoft have gained 40% and 30%, respectively. As a result, a Bloomberg gauge of the so-called Magnificent Seven stocks — Nvidia, Microsoft, Tesla, Apple Inc., Alphabet Inc., Inc. and Meta Platforms Inc. — is outperforming the S&P 500 over the past eight weeks — a critical shift for the benchmark considering the group accounts for a third of the index. The cohort is responsible for nearly half of the S&P 500's 19% rally from the April bottom, according to data compiled by Bloomberg. Despite the strong performance, the group is still trailing the S&P 500 for the year — a rare occurrence in the past decade. Shares of Apple and Amazon, which face greater risks from tariffs due to products imported, are weighing the cohort down and lag the overall market. 'Buying the tech dip will be a theme throughout the year,' said Ewing. 'There's still a lot of money on the sidelines and it has to be put to work.' Recovery Risks Tariffs and other Trump policies remain a big market overhang. On Friday, the benchmark sank more than 1% after Trump accused China of violating an agreement with the US to ease tariffs and a news report that the US plans to place broader restrictions on the country's tech sector. The S&P 500 managed to recoup most of those losses by the end of the day. Another hurdle will be Big Tech's hefty valuations. Bloomberg's Magnificent Seven gauge is priced at 30 times projected profits, according to data compiled by Bloomberg. Meanwhile, the S&P 500 is trading at 21 times earnings projected over the next 12 months, up from a low of 18 times in April and well above the average of 18.6 times over the past decade. Barry Knapp, managing partner at Ironsides Macroeconomics, said he's wary of Big Tech's rich valuations even though the group looks attractive from a fundamental perspective. He's 'modestly underweight' the sector and has relatively more exposure to industrials, materials, energy and financials in anticipation of a capital spending recovery in the second half of the year. 'Being overweight on tech here borders on recklessness, because you would have such a huge proportion of your portfolio in this one sector, and that leaves you vulnerable,' Knapp said. Market Catalyst Truist Advisory Services' Keith Lerner, however, sees Big Tech leading the broader market higher in the last half of 2025 with spending on artificial intelligence computing continuing to climb. Meta Platforms raised its forecast for capital expenditures this year and Microsoft said it plans to increase spending in its next fiscal year, alleviating concerns that the companies might pull back on such outlays after two years of largesse. 'Our view is that earnings could still be maybe flatter but likely have less downside than what we would have thought heading into the earnings season,' said Lerner, who is Truist's co-chief investment officer and chief market strategist. The Magnificent Seven profit estimates in 2025 have stayed steady over the past two months. The group is projected to deliver profit growth of 15%, roughly in-line with analysts' expectations before the reporting season began in mid-April and twice the expansion projected for the S&P 500, according to data compiled by Bloomberg Intelligence. 'Investors are going to be drawn back toward these names with secular growth,' said Lerner. Tech 'could be that catalyst later on to actually see the market re-accelerate later in the year.' YouTube Is Swallowing TV Whole, and It's Coming for the Sitcom Millions of Americans Are Obsessed With This Japanese Barbecue Sauce Mark Zuckerberg Loves MAGA Now. Will MAGA Ever Love Him Back? Will Small Business Owners Knock Down Trump's Mighty Tariffs? Trump Considers Deporting Migrants to Rwanda After the UK Decides Not To ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
