Latest news with #4thIndustrialRevolution
Yahoo
19-05-2025
- Business
- Yahoo
Wedbush's Ives sees AI boom in Middle East as turning point for U.S. tech giants
-- Wedbush analyst Dan Ives said the rapid expansion of artificial intelligence infrastructure in the Middle East marks a 'watershed moment' for U.S. tech companies, driven by major developments in Saudi Arabia and the United Arab Emirates. 'It's becoming crystal clear the AI Revolution has found its next major area of penetration... the Middle East,' Wedbush wrote in a note. The analyst highlighted the recent announcements in Riyadh and Abu Dhabi as signs of a new era of growth for U.S. tech giants such as Nvidia (NASDAQ:NVDA), Microsoft (NASDAQ:MSFT), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL), Palantir (NASDAQ:PLTR), and Tesla (NASDAQ:TSLA). Wedbush notes that Saudi Arabia has committed to purchasing 18,000 Nvidia chips for a 500-megawatt data center being built by Humain. Meanwhile, the UAE has received support from President Trump to build 'the largest AI data center outside the U.S.' in Abu Dhabi. 'We believe the market opportunity in Saudi Arabia and UAE alone could over time add another $1 trillion to the broader global AI market in the coming year,' Wedbush said. The developments come amid a broader shift in U.S. trade policy. 'No Nvidia chips for China... red carpet rollout for the Kingdom (TADAWUL:4280),' the firm wrote, contrasting Middle East expansion with chip export restrictions affecting Beijing. Ives called the momentum in the region 'a bullish indicator that further shows the U.S. tech's lead in this 4th Industrial Revolution.' He emphasized Nvidia's dominance, again referring to CEO Jensen Huang as 'the Godfather of AI.' Wedbush believes Saudi Arabia, the UAE, and Qatar are now on the 'priority list' for U.S. tech, with regional demand for AI chips, software, robotics, and data centers expected to surge over the next decade. Related articles Wedbush's Ives sees AI boom in Middle East as turning point for U.S. tech giants Jefferies upgrades Air Canada on improved execution and earnings visibility Barclays still expects U.S. activity growth to slow 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
CNBC
08-05-2025
- Business
- CNBC
Dan Ives names his favorite ways to play the AI revolution from here
While President Donald Trump's tariffs have spurred worries among investors that they could threaten the artificial intelligence boom, Wedbush analyst Dan Ives thinks it's still full-steam ahead for the industry. "The strong are going to get stronger," Ives said during CNBC's " Squawk on the Street " on Thursday. "Even what we've seen in earnings season, this is an AI revolution. Tariffs are not stopping it." Noting that the global semiconductor market is anticipated to reach $1.7 trillion to $2.4 trillion by 2040, Ives – who will be discussing AI at CNBC Pro's live event next month – looked for several companies that "define the future of the AI theme over the coming years." This comes amid increasing demand for the technology beyond Nvidia's chips, as Ives estimates that for every $1 spent on Nvidia, there is between an $8 and $10 multiplier for the rest of the tech ecosystem. "Now the time has come for the broader software space to get in on the AI Revolution as we believe the use cases are exploding, enterprise consumption phase is ahead of us in the rest of 2025, launch of LLM models across the board, and the true adoption of generative AI will be a major catalyst for the software sector and key players to benefit from this once in a generation 4th Industrial Revolution set to benefit the tech space," the analyst wrote in a Wednesday note. Here are some of the names to play the AI revolution, according to Ives. In the semis space, Nvidia is a clear AI play, with Ives saying that the chipmaker "remains the undisputed leading supplier of GPUs into numerous high growth markets, including gaming and data center applications." Although shares have fallen more than 12% this year, lagging the broader market, they've jumped more than 22% in the past month. That gain has outperformed the S & P 500's more than 14% rise in the same period. "We view Nvidia's intermediate term growth profile as likely to parallel broader favorable consumption/investment trends in these industries, bolstered by ramping Blackwell projects and large private and sovereign AI investments," Ives wrote in the recent note. Among the consumer internet names Ives selected, Ives thinks Chinese tech giant Baidu is a name to consider, even with U.S.-China trade tensions. U.S.-listed shares have risen almost 4% this year, compared to the S & P 500's nearly 3% decline in the period. The stock has also gained close to 14% in the past month. "BIDU represents a major AI player in China as its comprehensive platform offers a robust foundation to develop and deploy these solutions to drive growth and cut costs," the analyst also wrote. In March, Baidu released two new AI models , one of which has reasoning capabilities that the company said rival DeepSeek's R1 model. Additionally, data storage company Snowflake is a name investors should eye among key software names. Snowflake shares have soared almost 31% in the past month and more than 13% year to date. "With SNOW now providing easy-to-use GenAI solutions through Cortex which leverages best-in-class models with fully managed infrastructure, the company is well-positioned to continue building its AI pipeline over the coming quarters by making this technology accessible to every organization across industries," Ives wrote.
IOL News
07-05-2025
- Automotive
- IOL News
New Ribane-Laka School of Specialisation opens in Mamelodi, focusing on automotive and electronics skills
Gauteng Premier Panyaza Lesufi was flanked by two learners at Ribane-Laka Maths, Science and ICT School of Specialisation in Mamelodi during its launch on Wednesday. Image: Supplied The newly-launched Ribane-Laka Maths, Science and ICT School of Specialisation in Mamelodi township, rebuilt at a cost of R148 million, will offer learners an opportunity to gain skills in electronics and automotive sectors from an early stage, marking a new chapter for them. Gauteng MEC for Education, Matome Chiloane, announced during the school's unveiling ceremony that the school of specialisation will focus on automotive and electronics, aiming to advance the 4th Industrial Revolution. 'As much as one learner said it will improve their employability, our objective is not to be employed; it is for them to create jobs for themselves and others,' he said. He encouraged learners to make use of the skills they acquire at school to economically acquire themselves. 'Once you know how to fix a car, that skill you can actually use to benefit yourselves economically. We are giving you skills that will empower you not only in terms of a career path, but practical skills that you can use if there is a need for them,' he said. The school, converted from a secondary school, features state-of-the-art technology, including advanced laboratories for scientific experiments, modern ICT infrastructure, and a multi-purpose auditorium. He urged community members to protect the facility from vandalism and break-ins by taking care of it. 'This infrastructure must last for long; it must not only benefit the current cohort but it must benefit many for many years,' he said. Chiloane explained that the school was chosen for conversion to a school of specialisation due to its strong performance, citing a 98% pass rate in the first term of the current academic year. Gauteng Premier Panyaza Lesufi said in his keynote address: 'Today we are launching education for purpose, where our children are not going to be taught things that are not going to assist them. Where our children are not going to be taught things that are going to be irrelevant when they leave the school.' He said the school earned its spot as the 36th school of specialisation due to its strong performance, rather than being arbitrarily chosen. He explained that when schools of specialisation were launched three years ago, the goal was to identify and build on high-performing secondary schools. 'We chose Ribane-Laka because at one stage they gave us 100% success,' he said. He said the Gauteng government had resolved years ago to differentiate its schools through the schools of specialisation programme, aiming to address unique challenges and avoid uniformity. 'There are many people who don't understand when we fight for equal education and education that transforms our society. They don't get it. Never before that anyone thought that a Ford Ranger would be inside the school premises not to boast but to teach our children how to repair it when it is broken. No one thought that we could have an engine inside the school premises where our children can explain its meaning; where our children can explain to you how an engine functions,' Lesufi said. Tshwane Automotive Special Economic Zone (Tasez) has signed a memorandum of understanding with the school to offer support. Tasez leader, Bheki Zulu, said the entity has launched an academy, which will give learners opportunities to advance their studies and achieve automotive excellence. 'Over and above that we want to expose these learners to industries so that by the time they exit the school they have a fair understanding of what automotive and ICT is all about,' he said. [email protected]
The Herald
05-05-2025
- Business
- The Herald
Municipalities urged to adopt tech-driven service delivery approaches
A national competition is calling for municipalities to ditch excuses and show what is possible through innovation. Entries have officially opened for the 2025 Municipal Innovation Recognition Awards (Mira) which recognise unconventional solutions and new ways of doing things that offer municipal customers a different experience in the advent of the 4th Industrial Revolution and beyond. The awards, to be held on June 30, are part of the Viability and Validation of Innovations for Service Delivery Programme, spearheaded by the department of science, technology and innovation in collaboration with the SA Local Government Association (Salga) and the University of KwaZulu-Natal. 'Municipalities across the country, many of which are under administration, besieged by community protests or struggling to maintain basic services such as water, electricity and waste management, are encouraged to showcase projects that offer innovative solutions,' said Dr Tshepang Mosiea, chief director for innovation for inclusive development at the department of science, technology and innovation. He said while many municipalities may be in crisis, pockets of excellence must be recognised, supported and replicated. 'Innovation is a necessity for survival and progress in the local government space,' said Mosiea. Associate professor at the University of KwaZulu-Natal's school of built environment and development studies, Prof Sithembiso Myeni, said the programme offered a platform for municipalities to modernise their service delivery. 'Mira encourages municipalities to embrace innovation and digital solutions, creating a unique opportunity to drive meaningful and accountable change in service delivery. The real test is whether municipalities will fully embrace digital engagement and accountability or allow yet another promising opportunity for transformation to slip through their fingers.
TimesLIVE
05-05-2025
- Business
- TimesLIVE
Municipalities urged to adopt tech-driven service delivery approaches
A national competition is calling for municipalities to ditch excuses and show what is possible through innovation. Entries have officially opened for the 2025 Municipal Innovation Recognition Awards (Mira) which recognise unconventional solutions and new ways of doing things that offer municipal customers a different experience in the advent of the 4th Industrial Revolution and beyond. The awards, to be held on June 30, are part of the Viability and Validation of Innovations for Service Delivery Programme, spearheaded by the department of science, technology and innovation in collaboration with the SA Local Government Association (Salga) and the University of KwaZulu-Natal. 'Municipalities across the country, many of which are under administration, besieged by community protests or struggling to maintain basic services such as water, electricity and waste management, are encouraged to showcase projects that offer innovative solutions,' said Dr Tshepang Mosiea, chief director for innovation for inclusive development at the department of science, technology and innovation. He said while many municipalities may be in crisis, pockets of excellence must be recognised, supported and replicated. 'Innovation is a necessity for survival and progress in the local government space,' said Mosiea. Associate professor at the University of KwaZulu-Natal's school of built environment and development studies, Prof Sithembiso Myeni, said the programme offered a platform for municipalities to modernise their service delivery. 'Mira encourages municipalities to embrace innovation and digital solutions, creating a unique opportunity to drive meaningful and accountable change in service delivery. The real test is whether municipalities will fully embrace digital engagement and accountability or allow yet another promising opportunity for transformation to slip through their fingers.
