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Politico
14-05-2025
- Business
- Politico
America tries to skirt a supercomputer gap
Presented by Amid all the hype about artificial intelligence, quantum computers and advanced chipmaking — to say nothing of the mega-billion-dollar investments— is it possible that the United States still isn't doing enough to maximize computers' potential? As Congress scrambles to put together a budget deal, some tech experts are worried about the ability of modern hardware to keep up with the demands of powerful AI tools — and arguing that government has a bigger role to play in keeping American computing globally competitive. 'Other countries are moving quickly, and without a national strategy, the U.S. risks falling behind,' wrote veteran computer scientist Jack Dongarra of the University of Tennessee in an essay published today by The Conversation. Citing the success of efforts like Europe's EuroHPC program and Japan's Fugaku supercomputer, Dongarra argues that 'a U.S. national strategy should include funding new machines and training for people to use them,' as well as 'partnerships with universities, national labs and private companies.' This might seem almost deliberately contrarian in an age of radical research cuts, but President Donald Trump's proposed budget actually maintains current spending levels for support of artificial intelligence, quantum computing and high-performance computing. Historically, at that, the U.S. has shown a willingness to make significant investments in what's broadly known as 'high-performance computing,' or supercomputers that often use millions of processors in concert to execute operations at lightning speed. The Exascale Computing Project, which spanned the Obama, Trump 1.0 and Biden eras, came to a conclusion last year with nearly $2 billion spent on a massive supercomputing effort that led to the El Capitan exascale computer at the Lawrence Livermore National Laboratory coming online in February. The supercomputer race isn't purely about technology, and America's ecosystem gives it a built-in advantage. 'China may have faster machines, but America's supercomputers have proven vastly superior,' said Stephen Ezell, vice president of global innovation policy at the Information Technology and Innovation Foundation — because they have more efficient architecture. For this, he credits the 'symbiosis' among American computing skills, hardware and software development. 'It's critical the United States both invest in skills and also in programs to help small businesses leverage these technologies,' he said. Now what? Despite the (comparative) budget support by the White House, the complex, interdependent research system that powers computer science innovations could still be threatened by the Trump administration's efforts to roll back recent policy. In his essay, Dongarra cites the National Science Foundation's Directorate of Technology, Innovation and Partnerships office as an example of pro-compute policy created by the 2022 CHIPS and Science Act, but the NSF is currently facing radical budget cuts. In his joint address to Congress this year Trump asked Speaker of the House Mike Johnson to 'get rid' of CHIPS and Science altogether. ITIF's Ezell called for the Trump administration to continue CHIPS and Science funding for high-performance computing — and called out the administration for proposed NSF budget cuts that threaten the construction of a supercomputer at the University of Texas. One major focus of White House policy under President Joe Biden was subsidizing research on and production of 'chiplets,' or small chips that can be packaged and rearranged in a modular fashion to make large-scale computing more efficient. While the European Union is investing hundreds of millions of euros in chiplet projects as part of EuroHPC, the future of similar efforts by the U.S. government remains unclear after the Trump administration brought CHIPS and Science negotiations under the auspices of the United States Investment Accelerator at the Department of Commerce in April. Quantum, another field poised to make big contributions to supercomputing, seems largely off the chopping block when it comes to government spending. Speaking at a Holland and Knight event in April, Rep. Jay Obernolte (R-Calif.) said that Congress is 'unified in our belief' that it's necessary to reauthorize the National Quantum Initiative Act, a bill signed into law during the first Trump administration that authorized more than $1 billion in spending on quantum initiatives. House Committee on Space, Science and Technology Chair Brian Babin (R-Tex.) also said he looked forward to renewing the bill. ITIF's Ezell pointed to a list of 10 policy proposals his organization made on quantum spending and support, and argued that 'America needs to graduate more computer scientists and electrical engineering students and bolster America's STEM pipeline' to support large computing projects. Given the fundamental importance of simply having the most powerful computers to fields like defense, energy, and innovation — especially amid global competition with China, one of Trump's top priorities — continuing to back high-performance computing efforts seems like a political no-brainer. But with unpredictability the only predictable thing about the second Trump administration thus far, the research and tech communities have their guard up for any threat to America's longstanding support for the sector. ai moratorium pushback An open letter from state lawmakers and AI researcher Gary Marcus argues that the proposal in the House Energy and Commerce Committee's budget reconciliation bill to block any state and local AI laws for 10 years is a 'major step backwards.' POLITICO's Alfred Ng reported for Pro subscribers on the letter, which says the moratorium would conflict with the Tenth Amendment separating powers between federal and state governments. 'The federal government should not get to control literally every aspect of how states regulate AI — particularly when they themselves have fallen down on the job — and the Constitution makes pretty clear that the bill as written is far, far too broad,' the letter said. The committee narrowly approved the moratorium this morning despite Democratic opposition. potential treasury conflicts The DOGE officials installed at the Treasury Department reported owning stock in a plethora of banks and companies doing business with the government. POLITICO's Michael Stratford reported in Morning Money today that Tom Krause, the lead official for Treasury's DOGE team, reported hundreds of thousands of dollars' worth of shares in financial companies like JPMorgan Chase, Bank of America and PNC – including some that provide services for his unit. It's not clear whether he or other DOGE members have been required to divest from financial stocks, and a Treasury spokesperson said in a statement that 'These Treasury and IRS employees are following all ethics laws and guidelines, including policies concerning recusals.' That has not convinced ethics watchdogs. Dylan Hedtler-Gaudette, the director of government at the Project on Government Oversight, called it a 'massive, glaring red flag of a conflict of interest.' He said, 'A person at this level of [the] Treasury Department should absolutely not have direct financial ties to the industries and the companies that he or she is in part responsible for overseeing.' sell, sell, sell Some of the Trump memecoin's biggest investors are already cashing out. POLITICO's Irie Sentner reported Tuesday that of the 220 top investors in the $TRUMP memecoin in line to be invited to a May 22 dinner at the president's golf club in Virginia, at least 34 sold most of their stakes just hours after the cutoff to be considered. 'There's really no reason to own it after May 12, because you're already getting the value of it if you were buying it specifically for the [dinner],' said Jeff Dorman, chief investment officer at crypto firm Arca. It's unclear who the top investors in the coin actually are, but Bloomberg reported last week that a majority of them are likely foreign, stoking concerns that the coin might open up foreign donations to Trump that would otherwise be illegal or improper. In a statement, White House press secretary Karoline Leavitt said, 'President Trump is compliant with all conflict-of-interest rules, and only acts in the best interests of the American public.' post of the day THE FUTURE IN 5 LINKS Stay in touch with the whole team: Mohar Chatterjee (mchatterjee@ Steve Heuser (sheuser@ Nate Robson (nrobson@ and Daniella Cheslow (dcheslow@
Business Upturn
10-05-2025
- Sport
- Business Upturn
Virat Kohli's legendary Test career: A look at records and milestones as retirement looms
By Aditya Bhagchandani Published on May 10, 2025, 14:16 IST Amid reports that Virat Kohli has expressed a desire to retire from Test cricket, fans and analysts alike are reflecting on one of the greatest red-ball careers in Indian cricket history. The 36-year-old has reportedly informed the BCCI of his intent to move on from the longest format, although the board has urged him to reconsider, especially with the crucial England Test series on the horizon. Test Debut to Present: A 14-Year Journey Virat Kohli made his Test debut on June 20, 2011, against the West Indies in Kingston. Since then, he has played 123 matches, scoring 9230 runs at an average of over 48, including 30 centuries and 31 half-centuries. He stands as India's fourth-highest run-scorer in Tests and seventh most-capped Test player. Captaincy Record Kohli's tenure as Test captain from 2014 to 2022 redefined India's approach to the format. He captained 68 matches, winning 40, making him India's most successful Test captain. His leadership saw India dominate at home and win historic series overseas, including the famous win in Australia in 2018–19. World Test Championship (WTC) Legacy In the WTC era (2019-present), Kohli has been a crucial pillar for India. In 46 WTC matches, he has scored 2617 runs, including 5 centuries and 11 fifties. He also led India to the final of the inaugural WTC (2019-21), where they finished runners-up. Kohli's Performance Under Various Captains Captain Matches Innings Runs Avg. Best 100s/50s MS Dhoni 30 53 1960 40.00 169 6/10 Virender Sehwag 1 2 138 69.00 116 1/0 Virat Kohli 68 113 5864 54.80 254* 20/18 KL Rahul 2 4 45 15.00 24 0/0 Jasprit Bumrah 3 6 159 31.80 100* 1/0 Rohit Sharma 19 32 1064 34.32 186 2/3 Kohli's Impact From iconic centuries in Adelaide and Johannesburg to his indomitable double century against South Africa in Ranchi, Kohli has left a legacy of intent, aggression, and consistency. His technical prowess and mental fortitude elevated India's overseas performances and brought a renewed focus to fitness and fast-bowling depth. As fans await a final decision on his future in Test cricket, Kohli's numbers already place him among India's all-time greats, ensuring his legacy in the format remains unmatched. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Hans India
10-05-2025
- Politics
- Hans India
Control room set up to assist TG residents in border states
Hyderabad: Amid reports that Telangana people who were on a visit to the border states of Gujarat, Rajasthan, Punjab and Kashmir, got stuck after the Indian military strike on Pakistan, the Telangana government has set up a control room at Telangana Bhavan in New Delhi to help the people stranded in those states. The government is also taking steps to provide safety for the students studying in the educational institutions in the border states. The control room will provide round-the-clock assistance to the people seeking help to return to their homes from the border areas where the Union government already imposed restrictions following growing tension. Officials said the people on pilgrimage and business trips to Punjab and Gujarat are reportedly facing trouble due to cancellation of flights. The control room is gathering information about the stranded Telangana people from their kin and taking measures to provide special transport facilities in coordination with the local administration. Telangana tourists on holiday trips to Rajasthan and Kashmir were also struggling to return to their homes. Flight delays also created trouble for tourists who were waiting in the airports for long hours, officials said, adding that alternative arrangements are being provided for such stranded travellers. Students studying in the universities and other higher education institutions would also be provided assistance. A considerable number of Telangana students are studying in Rajasthan and Kashmir central universities including IITs and management institutions. Their safety is being given top priority and the control room is ready to offer help to them if they face problems due to border tension. People can directly call landline: 011-23380556. Officials of Telangana Bhavan- Vandana, Private Secretary & Liaison Head to the Resident Commissioner (9871999044), Hyder Ali Naqvi, Personal Assistant to the Resident Commissioner (9971387500), G Rakshit Nayak, Liaison Officer (9643723157) and CH Chakravarthy, Public Relations Officer (9949351270) can be contacted directly, Telangana Bhavan Resident Commissioner in Delhi Dr Gaurav Uppal said.
Yahoo
09-04-2025
- Business
- Yahoo
Strong Bull Signal Flashing on Struggling Cloud Stock
Amid broad-market pressure, cloud stock Okta Inc (NASDAQ:OKTA) has pulled back sharply from its March 24, more than two-year high of $118.07, down 12.6% since the start of April alone. For those , however, the pullback does have OKTA coming into contact with its 126-day moving average, a historically bullish signal. Per Schaeffer's Senior Quantitative Analyst Rocky White, the security is within one standard deviation of the 126-day trendline for the first time in at least eight of the last 10 trading days, after spending at least 75% of the last six months above it. Within these parameters, two other signals occurred in the past three years. OKTA was higher one month later 100% of the time after these events, averaging a large 28.7% gain. The equity is still holding on to a 16.9% year-to-date gain, and has a 14-day relative strength index (RSI) of 15.2. This puts the stock firmly in "oversold" territory, another reason its overdue for a short-term bounce. Sign in to access your portfolio
Yahoo
22-03-2025
- Automotive
- Yahoo
4 Cheapest New Cars for Retirees in 2025
Amid talk about inflation and higher prices on many items consumers use on a regular basis, there have been concerns about car prices going up. Some of those concerns touch on overall economic uncertainty and President Donald Trump's plans for taxes and tariffs. For retirees, who can't risk inflation outstripping their retirement savings, being able to afford a big purchase like a car is an even greater concern. Be Aware: Find Out: Even with all that uncertainty, there are still some affordable new vehicles available in 2025 with prices below $25,000 — and they have features that are perfect for retirees. Starting price: $17,190 Starting with one of the cheapest new cars you'll probably find in the United States, the 2025 Nissan Versa has a price under $20,000, and it comes with plenty of features. Per Kelley Blue Book, which listed the 2025 Versa on its list of the cheapest new cars for the year, this vehicle comes with a good range of safety tech and standard convenience features. You might want to know that the cheapest model comes standard with a 5-speed manual transmission, but you can upgrade to a continuously variable automatic one for an additional $1,800. The Versa's interior is spacious and comfortable for everything from a routine grocery run to picking up your grandkids for a fun day out. Consider This: Starting price: $20,200 The next cheapest new ride on the list is a crossover SUV. In fact, you'll probably find it's the cheapest in that category you can buy in the U.S. You might like this vehicle for more than just the low price. It comes with good gas mileage, smart safety features and a nice warranty, and reviewers called it an affordable vehicle to own. However, the Venue does not offer four-wheel drive, so it might be one to skip for retirees who drive in winter conditions. Starting price: $20,500 If you're a fan of the Trax, Chevrolet has good news for 2025. The new Trax comes with all you like about this Chevy vehicle, along with a refreshed look and updated technology, including standard Chevy Safety Assist. Like the Venue, the Trax is front-wheel drive only, but reviewers particularly like the spacious interior — it should fit all your bags for a road trip or a family getaway. Starting price: $22,125 If you want good looks and good value, consider the Elantra or Elantra Hybrid. Reviews noted they're compact sedans with lots of qualities that make them worth considering for 2025. For buyers looking to get an affordable ride they'll be proud to drive, the edgy looks of the 2025 Elantra may do the trick. If you want low maintenance and a lot of value to last through your retirement years, the Elantra should be able to take you where you're going. More From GOBankingRates 4 Things To Watch for as Elon Musk Takes on Social Security I'm a Retired Boomer: 6 Bills I Canceled This Year That Were a Waste of Money Warren Buffett: 10 Things Poor People Waste Money On 25 Creative Ways To Save Money This article originally appeared on 4 Cheapest New Cars for Retirees in 2025
