General Motors to invest $4B in U.S. manufacturing plants
The company states: 'General Motors (GM) today announced plans to invest about $4 billion over the next two years in its domestic manufacturing plants to increase U.S. production of both gas and electric vehicles. The new investment will give GM the ability to assemble more than two million vehicles per year in the U.S. This announcement comes on the heels of the company's recently announced plan to invest $888 million in the Tonawanda Propulsion plant near Buffalo, New York to support GM's next-generation V-8 engine.'
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Yahoo
31 minutes ago
- Yahoo
Ex-Intel engineers are developing the 'biggest, baddest CPU in the world' by targeting IPC, not clockspeed or core counts
When you buy through links on our articles, Future and its syndication partners may earn a commission. Intel, CPUs, and the concept of "badness" aren't necessarily things you'd want to shout about, what with numerous well-documented issues afflicting Intel's recent processors. But a new Oregon-based startup called AheadComputing is leaning hard on the Intel provenance of its founders while claiming that it is creating, "the biggest, baddest CPU in the world." And it's going to do it via IPC or instructions per clock, not cranking up the operating frequencies or throwing in more cores. That is some statement. All four of AheadComputing's founders had long careers at Intel, dating all the way back to ye olde 386 processor through to the latest Intel Core-branded chips. What's more, AheadComputing also appointed CPU design legend Jim Keller to its board in March. That's at least a vote of confidence, even if it seems unlikely Keller will be involved in the design of AheadComputing's CPUs. The company is very young, having launched in July last year with a plan to, "develop and license breakthrough, high-performance 64-bit RISC-V processor cores." RISC-V, of course, is an open-source instruction set that exists to present a more modern and cost effective alternative to the proprietary x86 and Arm standards. Currently, RISC-V chips tend to be found in embedded applications and commercial devices. RISC-V has yet to make much of an impact in PCs or phones, for instance. Exactly how AheadComputing is going to deliver on that promise of the "biggest, baddest CPU in the world" isn't totally clear beyond the focus in IPC. It's a fabless startup, which means it won't manufacture chips itself. But then the likes of AMD and Nvidia are fabless, too. It's really only Intel that designs and manufactures its own chips, and that business is coming under increasing pressure. According to AheadComputing's CEO Debbie Marr, "the x86 ecosystem is fiercely defending its territory but is destined to lose in the end." As for Arm, she says, "we anticipate that the ARM ecosystem will experience considerable strain in the coming years. If ARM's current customers are pressured excessively, they will consider transitioning to an alternative architecture like RISC-V." In response, AheadComputing claims it will, "demonstrate leadership in CPU performance and performance per watt in a very short timeframe and start building the second generation of products that will demonstrate our commitment to a roadmap with large gains in performance generation over generation." AheadComputing says it will achieve that via IPC, or instructions processed per clock, as opposed to operating frequency or adding cores. "If the performance and efficiency from the multi-core scaling era are slowing down, then it's time for the CPU designers to find a different way to use the additional gates from new process technologies. CPU designers must look towards IPC. This will require increasing the functions for each core rather than increasing the number of cores. If we do this intelligently, AheadComputing will provide performance improvements regardless of workload parallelism," says co-founder Jonathan Pearce. That latter point could be critical. When Intel's plans for 10 GHz-plus computing hit the wall towards the latter end of the 2000's, the company dramatically changed tack in favour of multi-core computing as a way to add performance in the absence of substantial clockspeed improvements. The problem with adding cores is that it relies on multi-threaded workloads. That's fine for many tasks, like 3D rendering. But it's not a magic bullet for every computational task. Indeed, that's why AMD's eight-core Ryzen 7 9800X3D is the weapon of choice for PC gaming, currently. Adding another eight cores in the form of the Ryzen 9 9950X3D typically doesn't do a whole lot for gaming performance. Whatever, aside from that focus on IPC as opposed to adding cores, AheadComputing isn't going into any detail. For sure, it will be years before the company's CPU core designs have any chance of showing up in a device you can actually buy. Your next upgrade Best CPU for gaming: The top chips from Intel and gaming motherboard: The right graphics card: Your perfect pixel-pusher SSD for gaming: Get into the game ahead of the rest. But the focus on IPC is still interesting. Right now, Apple's M Series CPUs offer the best IPC in a consumer chip by absolutely miles. The latest M4 easily outperforms anything from Intel or AMD when it comes to a single software thread, despite running at significantly lower clockspeeds. Metrics vary, but the M4 probably has a lead of at least 30% in terms of pure IPC versus the best AMD and Intel CPUs, and quite possibly more. Personally, if you offered me a CPU with either 50% more IPC or 50% more cores, I'd take the IPC every time. That will deliver in almost any circumstance, while multi-core CPUs can be a bit more hit and miss. Aiming for improved IPC also tends to make for better efficiency, which is great for mobile PCs. Anywho, for now we'll have to chalk AheadComputing down as a slow burn. The company has strong provenance, but it's anyone's guess as to whether it will, in reality, make an impact. My best guess is that if it manages to come up with an interesting core design, it'll get snapped up by one of the big boys, just as the startup Nuvia was bought by Qualcomm and its Oryon CPU cores ended up in the new Snapdragon X chips. And all of that is before you even begin to ponder the odds of any RiSC-V chip making an impact on the PC. Industry watchers have been predicting Arm chips would take over the PC for decades. That still hasn't happened.
Forbes
40 minutes ago
- Forbes
Forbes Daily: Tariff Unease Persists Despite Slower Inflation Report
Last month's inflation reading was a victory in the long-running battle against price increases. But the celebration may not last long. The consumer price index increased 2.4% year-over-year in May, a slower pace than economists expected. Still, experts caution that President Donald Trump's tariffs may take a few months to materialize in the data. The World Bank slashed its forecast for global growth earlier this week, citing trade tensions and uncertainty. By the end of the year, inflation is expected to settle at a full percentage point higher than the May reading, according to UBS economists, complicating investors' hopes for interest rate cuts. 'Some businesses likely discounted in May to keep customers coming in the door,' Bill Adams, Chief Economist for Comerica Bank, said in emailed comments. 'But there's a limit to how long businesses will absorb higher input prices.' Firefighters work at the site where Air India flight 171 crashed in a residential area near the airport in Ahmedabad. Photo by SAM PANTHAKY/AFP via Getty Images An Air India plane with 242 passengers and crew on board crashed near the Ahmedabad airport in the state of Gujarat in Western India on Thursday shortly after takeoff. Air India confirmed that the plane, which was scheduled to land at London Gatwick airport, was a Boeing 787-8, though details about the cause of the crash and number of fatalities were unknown. President Donald Trump announced a U.S. trade deal with China, including relief on restrictions China imposed amid the monthslong tariff dispute on crucial rare earth minerals and magnets. The details of the agreement were unclear, but some analysts predicted China would continue to have the upper-hand after its rare earth restrictions prompted Ford Motor and other U.S. companies to slow down production. Vance's criticism followed the May consumer price index release which revealed less inflation than economists expected. Photo byAfter May's cooler-than-expected inflation rate, the White House continued its criticism of the Federal Reserve, with Vice President JD Vance calling the central bank's lack of rate cuts 'monetary malpractice.' President Donald Trump has repeatedly attacked the historically independent Fed over interest rates, which have a direct impact on his real estate empire: A 1% decrease could theoretically save the president more than $6 million of interest expenses per year, Forbes reported in April. U.S. stock futures slumped early on Thursday after Trump said his administration will soon send letters to other countries unilaterally outlining the tariff rates that will be imposed on them. The president said the U.S. is currently negotiating with 15 counties, including Japan and South Korea, and noted that 'at a certain point, we're just going to send letters out ... saying this is the deal, you can take it or leave it.' Hyundai paid $1.1 billion to acquire a vast majority of robotics pioneer Boston Dynamics in 2021, and now the world's third-largest automaker intends to sell mass-produced humanoids controlled by AI as soon as 2028. It's part of a national robotics ambition for South Korea, which already leads the world in density of robot deployment. President Donald Trump falsely claimed that an appeals court upheld his 'Liberation Day' tariffs, praising the 'great and important win'—in reality, the court did not rule on the merits of the levies. A panel of judges decided to keep the tariffs in place while they consider their legality, which pauses a ruling by the Court of International Trade, but the same panel could ultimately still strike them down. Every member of the Fulbright Program's board resigned after accusing the Trump Administration of usurping its authority and canceling scholarships for nearly 200 U.S. professors and researchers. The board's dozen members, who were appointed by former President Joe Biden, led a range of programs that grant around 400,000 students, professors and researchers from more than 160 countries the opportunity to study, teach or conduct research abroad. Federal appeals court judges suggested they may be willing to move Trump's appeal of his 34-count criminal conviction from state to federal court, making it easier to throw out his only felony conviction. The three-judge panel argued that since the Supreme Court ruled that Trump can't be criminally charged based on 'official acts' in office after he had already been found guilty, there's a 'strong interest' in letting a federal court decide the 'weighty interests' at play in the case. Jason Schwartzman, Cory Michael Smith, Ramy Youssef and Steve Carell attend HBO's "Mountainhead" World Premiere at The Museum of Modern Art in New York City. Photo byMountainhead, a new HBO satirical movie from the British screenwriter behind Succession, follows a group of four tech bro billionaires, and Forbes looked at how they would stack up to the real-life fortunes on its Real-Time Billionaires list. The richest person in the world, according to the movie, is not Elon Musk, but Venis Parish (played by Cory Michael Smith), whose net worth of $220 billion would make him about as rich as Oracle's Larry Ellison, the No. 4 wealthiest in the world. In a Truth Social post Wednesday night, President Donald Trump announced the $5 million Gold Card visa program is now open for signups. The president's post includes a link to a form for what he refers to as 'The Trump Card,' which allows wealthy foreign nationals to register their interest in a program that intends to offer them a fast-track to U.S. citizenship. The website itself is thin on information, however, with no dates mentioned for when the card will actually be available. President Donald Trump has insisted the U.S. is being 'ripped off' by its longtime trading partners, but it's hard to make the case that globalization has been a zero-sum game. Twenty years ago, the members of Forbes' list of the world's 2,000 largest companies combined to record $21.9 trillion in annual sales, $1.3 trillion in profit, $80.7 trillion in assets and $26.6 trillion in market value. Every half decade since, all of those numbers have steadily climbed, and this year's totals amount to records of $52.9 trillion in revenue, $4.9 trillion in profit, $242.2 trillion in assets and $91.3 trillion in market cap. Much of that astounding growth, including more than doubling in revenues, has taken place in the U.S., where the S&P 500 index is up fivefold in the last two decades. But now, leaders of many of the most prominent companies in the U.S. and around the world are fretting that a trade war could stunt that growth. JPMorgan CEO Jamie Dimon devoted the majority of his annual letter to his macroeconomic and geopolitical concerns before even beginning to discuss his own company. The firm has been the No. 1 company on the Forbes Global 2000 list for the past three years. 'America will be first—but not if it is alone,' Dimon wrote. WHY IT MATTERS 'Even though there's a lot of talk in Washington about how trade deficits are enriching other countries at the expense of the United States, it's clear our status as the center of the global economy is only getting stronger,' says Forbes staff writer Hank Tucker. 'The number of American companies on the Global 2000 has increased in the last 15 years, and China's rise has hit a wall. In that context, tariffs appear to be trying to solve a problem that doesn't exist and dragging America down along with the rest of the world.' MORE The United States' Largest Companies 2025: JPMorgan Leads The Way As U.S. Remains World's Dominant Country Costco Wholesale and Restoration Hardware are two brands known for their membership programs, and in the face of ongoing economic uncertainty, both recently increased their membership fees, while also enhancing benefits for their most loyal customers: 5%: The increase to all Costco memberships in 2024 One hour early: Costco plans to start opening its doors to Executive members earlier, giving them a less crowded shopping experience 30%: The minimum discount RH members receive on regularly priced merchandise, up from 25%, after members pay a $200 annual fee A strong cover letter can make or break your job application, but there are some common phrases you should avoid. Address the letter to someone specific, rather than using the phrase 'to whom it may concern,' and instead of 'I'm applying for this position,' try outlining specific achievements and highlighting your knowledge of the company. Avoid clichés like calling yourself a hard worker or team player—opt for concrete examples, with metrics to back them up. The Trump Organization teased a 'major announcement' to commemorate the 10th anniversary of Donald Trump's first presidential campaign launch. What did Trump do just before declaring his candidacy? A. Walk down a red carpet B. Descend a golden escalator C. Insulted then-President Barack Obama D. Hit a triple eagle on a round of golf Check your answer. Thanks for reading! This edition of Forbes Daily was edited by Sarah Whitmire and Chris Dobstaff.
Entrepreneur
42 minutes ago
- Entrepreneur
Six Happenings that Changed the World of AI This Week
From Meta, OpenAI, Google, and Databricks to Nvidia and Samsung, numerous new AI capabilities have been announced Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Since the global tech giants completed their annual conferences, it seems Artificial Intelligence (AI) developments haven't taken a single day's breath. From Meta, OpenAI, Google, and Databricks to Nvidia and Samsung, numerous new capabilities have been announced, all aimed at pushing AI into its next chapter. Meta's V-JEPA 2 and the Age of World Models Meta, long a silent workhorse in the AI research domain, has stepped into the spotlight with its latest offering V-JEPA 2, an open-source AI world model. Unveiled on June 11, V-JEPA 2 isn't just another generative model it's designed to reason about the physical world. At its core, the model allows AI systems to internally simulate real-world environments in 3D, equipping machines with the cognitive ability to anticipate how objects might move or behave even in unfamiliar settings. In practice, this could dramatically enhance fields like robotics and autonomous driving, where a deep understanding of physical dynamics is vital. Rather than relying on heavily labelled datasets, V-JEPA 2 is trained on unlabelled video content, making it both scalable and efficient. Meta says the model leverages what's called "latent space" to intuit motion and interaction essentially, AI imagination. "Today, we're excited to share V-JEPA 2, the first world model trained on video that enables state-of-the-art understanding and prediction, as well as zero-shot planning and robot control in new environments. As we work toward our goal of achieving advanced machine intelligence (AMI), it will be important that we have AI systems that can learn about the world as humans do, plan how to execute unfamiliar tasks, and efficiently adapt to the ever-changing world around us," Meta noted in its official blog. OpenAI's o3-Pro: A Model That Thinks Before It Speaks OpenAI's new model, o3-Pro, pushes generative AI beyond fluency and into thoughtful deliberation. Aimed at enterprise users and professionals who care more about accuracy than speed, o3-Pro is engineered for complex reasoning whether it's solving PhD-level science problems or conducting multi-step business analysis. Notably, o3-Pro reportedly outperforms major competitors like Google Gemini 2.5 and Claude 4 Opus on industry-standard benchmarks such as AIME 2024 and GPQA Diamond. But users looking for casual chats may find it slower than its predecessor, GPT-4o. The model is now available to ChatGPT Pro and Team users, though temporary chat memory is disabled due to technical issues, and image generation features are still pending. Databricks Launches Agent Bricks The company launched Agent Bricks, an automated system that allows enterprises to build, optimize, and evaluate AI agents using their own data without requiring deep ML expertise. Agent Bricks isn't just another tool in the LLM toolkit. It tackles two of the biggest blockers to AI adoption: cost and quality. Most agent systems today rely on trial-and-error for tuning. Databricks replaces this with synthetic data generation and custom benchmarks that automatically calibrate agents for domain-specific tasks like legal document parsing or extracting information from maintenance manuals. "Agent Bricks is a whole new way of building and deploying AI agents that can reason on your data," said Ali Ghodsi, CEO and Co-founder of Databricks. "For the first time, businesses can go from idea to production-grade AI on their own data with speed and confidence, with control over quality and cost tradeoffs. No manual tuning, no guesswork and all the security and governance Databricks has to offer. It's the breakthrough that finally makes enterprise AI agents both practical and powerful." One compelling example is AstraZeneca which used Agent Bricks to transform over 400,000 clinical trial documents into structured data in under an hour without writing a single line of code. "With Agent Bricks, our teams were able to parse through more than 400,000 clinical trial documents and extract structured data points without writing a single line of code. In just under 60 minutes, we had a working agent that can transform complex unstructured data usable for Analytics," noted Joseph Roemer, Head of Data & AI, Commercial IT, AstraZeneca Google's New AI Architect In a quieter but telling move, Google appointed Koray Kavukcuoglu, CTO of its DeepMind AI lab, as its first Chief AI Architect. The appointment, announced via an internal memo from CEO Sundar Pichai. Kavukcuoglu will now serve as a Senior Vice President reporting directly to Pichai, while continuing in his role as CTO at DeepMind under the leadership of CEO Demis Hassabis. He is set to relocate from London to California to take on this expanded mandate. "In this expanded role, Koray will accelerate how we bring our world-leading models into our products, with the goal of more seamless integration, faster iteration, and greater efficiency," Pichai stated in the memo, underscoring the company's push for scalable, AI-first innovation across its ecosystem. The leadership reshuffle comes at a time when Alphabet is under increasing pressure to demonstrate tangible financial returns from its heavy AI investments, with capital expenditures projected to reach USD 75 billion this year. The tech giant is also balancing regulatory scrutiny and intensifying competition in the AI space. Meta's Foray Into AI Video Editing Meanwhile, Meta is also expanding into generative video with its new AI video editing tools. Launched on its Meta AI app and editing platform 'Edits', users can now apply up to 50 preset transformations ranging from comic book aesthetics to sci-fi outfit swaps to short video clips. While still limited to preset prompts and 10-second clips, the tools point to a future where consumer creativity meets AI augmentation. Meta hasn't confirmed whether its Movie Gen AI models are behind these features, but the trajectory is clear the company is pushing toward broader consumer AI adoption. "We built this so that everyone can experiment creatively and make fun, interesting videos to share with their friends, family, and followers. Whether you're reimagining a favourite family memory or finding new ways to entertain your audience, our video editing [tools] can help," Meta said in its blog post. Nvidia and Samsung's Bet on Physical AI Meanwhile, Nvidia and Samsung are putting their money into robotics. The two tech giants joined Japan's SoftBank in backing Skild AI, a robotics software startup, with Nvidia investing USD 25 million and Samsung adding USD 10 million. Skild is now reportedly valued at USD 4.5 billion following this Series B round. The investment underscores a growing belief that the next frontier for AI isn't more virtual assistants but physical AI such as robots, autonomous systems, and machines that act on the world with intelligence.
