logo
Bill Gates seen sampling durian, local favourites at Singapore's Newton Food Centre (VIDEO)

Bill Gates seen sampling durian, local favourites at Singapore's Newton Food Centre (VIDEO)

Yahoo07-05-2025

SINGAPORE, May 7 — Microsoft co-founder and philanthropist Bill Gates spent part of yesterday's evening visiting a well-known hawker centre in Singapore, where he explored various food stalls and spoke with stallholders.
During his visit to the Newton Food Centre, Gates was seen sampling a selection of local favourites such as chicken rice, and roti prata.
He also tried durian, often considered an essential experience for visitors to the country.
His presence attracted the attention of other diners, many of whom captured photos and videos, sharing them on social media.
The visit concluded a two-day stay in Singapore, during which Gates held discussions with senior government leaders, including Prime Minister Lawrence Wong.
ADVERTISEMENT
He also participated in the Philanthropy Asia Summit 2025 yesterday.
During the summit, Gates announced that the Bill & Melinda Gates Foundation — the charitable organisation he co-chairs — will open a new regional office in Singapore.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

White House tries to water down Russia sanctions
White House tries to water down Russia sanctions

Yahoo

time6 hours ago

  • Yahoo

White House tries to water down Russia sanctions

Donald Trump is pressuring a US senator to weaken a Bill that would impose sweeping sanctions on Russia. White House officials hoping to mend relations with Moscow have been quietly contacting senator Lindsey Graham's office urging him to water down his Bill, which aims to cripple Vladimir Putin with huge sanctions. The Bill, backed by nearly the entire Senate, would impose 500 per cent tariffs on countries that continue to buy Russian oil and gas, which bankrolls Putin's war effort. Officials have been demanding the Bill include waivers that would allow Mr Trump to choose who or what was sanctioned, congressional aides told the Wall Street Journal. Other attempts to weaken the legislation include softening the language, replacing 'shall' with 'may' to avoid making the reprimands mandatory. Removing the mandatory nature of the sanctions would render the Bill effectively toothless and do little to hamper Putin's war machine, aides fear. 'We're moving ahead and the White House is included in our conversations,' Richard Blumenthal, senator and lead Democratic co-sponsor of the Bill, told the paper. Russia's war effort is funded by fossil-fuel exports. Moscow has adapted to existing sanctions with relative ease, turning to North Korea and China for support. Fearing the impact on pump prices, Joe Biden, former president, was unwilling to crack down on Russian energy exports. Mr Trump, has threatened to impose sanctions on Ukraine, as well as Russia, if the two sides fail to reach a peace agreement. 'Any sanction package must provide complete flexibility for the president to continue to pursue his desired foreign policy,' a White House official said. They added that the constitution 'vests the president with the authority to conduct diplomacy with foreign nations'. Speaking in the Oval Office alongside Friedrich Merz, German chancellor, on Thursday, the US president said that the Bill should not move forward without his express approval. 'They'll be guided by me. That's how it's supposed to be,' he told reporters. 'They're waiting for me to decide on what to do.' Last week, Mr Graham and Mr Blumenthal visited Ukraine where they applauded the country's drone attack that destroyed 40 aircraft deep inside Russian territory. However, they were ridiculed and accused of 'stirring up' the conflict by key allies of Mr Trump, including Steve Bannon. 'By trying to engage Putin – by being friendly and enticing – it's become painfully clear [Putin's] not interested in ending this war,' Mr Graham said earlier this week. '[Putin] needs to see and hear that message as well from us, from the American people,' said Mr Blumenthal. Both said that failing to act now could pull the US deeper into the conflict later. If Putin isn't stopped in Ukraine, Mr Blumenthal said, Nato treaty obligations could compel US troops into battle. Earlier this week, Russian negotiators tabled a long memorandum, resembling a complete capitulation for Ukraine, in a second round of direct talks with Kyiv in Istanbul. They demanded Ukraine must withdraw its troops from four eastern regions that Russia only partially occupies and that international recognition of Russian sovereignty over them and Crimea must be granted. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.

Amazon's AI Ambitions Are Growing: Can the Cloud Provider Deliver?
Amazon's AI Ambitions Are Growing: Can the Cloud Provider Deliver?

Yahoo

time6 hours ago

  • Yahoo

Amazon's AI Ambitions Are Growing: Can the Cloud Provider Deliver?

Amazon's AMZN AI strategy is gaining momentum with a substantial $10 billion commitment to expand cloud computing infrastructure in North Carolina, signaling the company's aggressive push to capture AI market share. This investment aims to support AI and cloud computing technologies while creating 500 high-skilled jobs, reflecting Amazon's broader infrastructure expansion to meet surging AI investment comes as Amazon Web Services (AWS) demonstrates strong performance, posting 17% year-over-year growth in the first quarter and reaching a $117 billion annualized revenue run rate. AWS operating income increased to $11.5 billion from $9.4 billion in the prior year period. More significantly, Amazon's AI business segment now operates at a multi-billion-dollar annual revenue run rate with triple-digit percentage growth year over year. Our model estimate for AWS operating income in fiscal 2025 is pegged at $44.6 billion, indicating 12.1% growth year over strategy centers on custom silicon development, particularly its Trainium 2 chips, which offer 30-40% better price performance compared to GPU-based instances. The company has also expanded its AI model offerings through Amazon Bedrock and introduced services like Amazon Nova foundation capacity constraints remain a challenge. Amazon has indicated that AI demand currently outpaces available capacity, suggesting the company could drive higher revenues with additional infrastructure. The North Carolina investment represents a critical step toward addressing this supply-demand imbalance while positioning Amazon to compete effectively in the rapidly evolving AI landscape. Microsoft MSFT Azure reported 31% revenue growth in its latest quarter, outpacing Amazon's 17% AWS growth. Microsoft continues investing heavily in OpenAI partnerships and custom AI infrastructure. Microsoft's cloud revenues reached approximately $28 billion in third quarter fiscal 2025, demonstrating strong momentum in enterprise AI ORCL has also accelerated its cloud infrastructure investments, though from a smaller base than Microsoft or Amazon. Oracle's partnership strategy with NVIDIA and focus on AI workloads position it as an emerging competitor in specialized AI infrastructure markets, challenging both Microsoft and Amazon's dominance in enterprise cloud services. The Zacks Consensus Estimate for 2025 net sales is pegged at $693.68 billion, indicating growth of 8.73% from the prior-year reported figure. The Zacks Consensus Estimate for 2025 earnings is pegged at $6.31 per share, which indicates a jump of 14.1% from the year-ago period. Inc. price-eps-surprise | Inc. Quote (Find the latest earnings estimates and surprises on Zacks Earnings Calendar.)Amazon's valuation metrics raise questions about near-term upside potential. The company's forward 12-month Price-to-Sales of 3.05X stands significantly higher than the Zacks Internet - Commerce industry average of 2X, suggesting the stock may be fully valued at current levels. Image Source: Zacks Investment Research With a 5.6% decline in the year-to-date period, AMZN has underperformed both the broader Zacks Retail-Wholesale sector and the S&P 500, which returned 2.5% and 0.4%, respectively. Image Source: Zacks Investment Research AMZN stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Inc. (AMZN) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report Oracle Corporation (ORCL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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

IBM Surges 16% in Six Months: Is it Time to Buy the Stock?
IBM Surges 16% in Six Months: Is it Time to Buy the Stock?

Yahoo

time6 hours ago

  • Yahoo

IBM Surges 16% in Six Months: Is it Time to Buy the Stock?

International Business Machines Corporation IBM has surged 16% over the past six months compared with the industry's growth of 1.8%, outperforming peers like Microsoft Corporation MSFT and Inc. AMZN. Despite the rising adoption of enterprise capabilities of Azure OpenAI and Amazon Web Services, both Microsoft and Amazon are lagging behind IBM in terms of price performance. While Microsoft has gained 5% over the same period, Amazon has declined 8.4%. Image Source: Zacks Investment Research IBM is benefiting from healthy demand trends for hybrid cloud and AI (artificial intelligence) solutions, which drive the Software and Consulting segments. The company's growth is expected to be aided by analytics, cloud computing and security in the long term. A combination of a better business mix, improving operating leverage through productivity gains, and increased investment in growth opportunities will likely boost a surge in traditional cloud-native workloads and associated applications, along with a rise in generative AI deployment, there is a radical expansion in the number of cloud workloads that enterprises are currently managing. This has resulted in heterogeneous, dynamic and complex infrastructure strategies, which have led firms to undertake a cloud-agnostic and interoperable approach to highly secure multi-cloud management. This, in turn, has translated into a healthy demand for IBM hybrid cloud solutions. In addition, the buyout of HashiCorp has significantly augmented the company's capabilities to assist enterprises in managing complex cloud environments. HashiCorp's tool sets complement IBM RedHat's portfolio, bringing additional functionalities for cloud infrastructure management and bolstering its hybrid multi-cloud approach. IBM's watsonx platform has been the core technology platform for its AI capabilities. It delivers the value of foundational models to the enterprise, enabling them to be more productive. This enterprise-ready AI and data platform comprises three products to help organizations accelerate and scale AI: the studio for new foundation models, generative AI and machine learning, the fit-for-purpose data store built on an open lake house architecture and the toolkit to help enable AI workflows to be built with responsibility and company recently launched watsonx AI Labs in New York City to accelerate AI adoption by unlocking its global network of engineering labs for AI developers. This collaborative hub of IBM researchers and engineers with startups, scale-ups and some of the world's largest enterprises will seek to co-create agentic AI solutions for clients and foster the growth of the innovation ecosystem. The watsonx AI Labs will connect IBM's enterprise resources and expertise with the next generation of AI developers seeking to build breakthrough AI applications for businesses. IBM is currently witnessing an uptrend in estimate revisions. Earnings estimates for 2025 have jumped 1.5% to $10.95 over the past 60 days, while the same for 2026 has increased 0.4% to $11.66. The positive estimate revision portrays bullish sentiments about the stock's growth potential. Image Source: Zacks Investment Research Despite solid hybrid cloud and AI traction, IBM is facing stiff competition from Amazon Web Services and Microsoft Azure. Increasing pricing pressure is eroding margins, and profitability has trended down over the years, barring occasional spikes. The company's ongoing, heavily time-consuming business model transition to the cloud is challenging. Weakness in its traditional business and foreign exchange volatility remain significant concerns. IBM is likely to retrench about 9,000 jobs this year in the United States to reduce operating costs. A significant part of these jobs is slated to be shifted to India under a 'resource action' plan, an ongoing corporate strategy to tap the huge talent pool of the subcontinent at lower operating costs. Although the company spokesperson has refused to comment on the grapevines and commit an exact figure for the layoffs, various sources have confirmed that the action has already job cuts have been confirmed in Raleigh, NC; New York City, NY; Dallas, TX; and CA, impacting employees from consulting, corporate social responsibility, cloud infrastructure, sales and internal systems teams. A majority of job losses have also been reported in the Human Resource department as IBM aims to integrate AI into its operations, particularly in back-office functions. Image Source: Zacks Investment Research With solid fundamentals and healthy revenue-generating potential driven by robust demand trends, IBM is witnessing a steady growth curve. Further, a strong emphasis on hybrid cloud, diligent execution of operational plans and AI focus are driving more value for customers. Moreover, with improving earnings estimates, the stock is witnessing a positive investor perception at the moment. However, IBM's growth is dented by high operating costs and stiff competition that reduce its profitability. With a Zacks Rank #3 (Hold), IBM appears to be treading in the middle of the road, and new investors could be better off if they trade with caution. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Inc. (AMZN) : Free Stock Analysis Report Microsoft Corporation (MSFT) : Free Stock Analysis Report International Business Machines Corporation (IBM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store