Latest news with #BillGates
Yahoo
5 hours ago
- Business
- Yahoo
Intel's new Nova Lake CPU is reportedly being made on TSMC N2 right now, pointing to a hybrid 18A node and late 2026 launch
When you buy through links on our articles, Future and its syndication partners may earn a commission. It hasn't exactly been the best year for Intel. The chip giant has faced major struggles recently with chips flopping and fab partners seemingly nowhere to be found. Even Bill Gates has lamented the current state of the company, but maybe the upcoming Nova Lake-S CPUs, will turn all that around. We've seen a lot of rumours around the Nova Lake launch, and while some make more sense than others one has likely been confirmed. According to SemiAccurate (Via TechPowerUp) the next generation CPUs have been taped out on TSMC's N2 node in fabrication centres in Taiwan. Well, kind of. SemiAccurate is actually pretty slim on the details. "Intel taped out a major product a few weeks ago, a little late but they got there. SemiAccurate took longer than usual to confirm this one but we finally did. "Sorry, no hints this time." reads the website. I guess that is semi-accurate. Assuming this is the Nova Lake chipset, this likely confirms the hybrid nature of the tech, using a mix of both the N2 node as well as Intel's highly anticipated 18A node. It could be Intel has gone with a mix due to a lack of faith in the 18A, or just to maximise manufacturing capabilities with more fallback on the established N2 nodes. The chase of Intel's 18A node is an interesting one. We expected to see these chips launch in PCs but it seems Intel just didn't have the faith to launch them. Of course with these CPUs only being taped out now, these processors could be a fair way off, with at least a few months being the norm from taped to manufacturing, let alone retail availability. We'll likely be waiting at least a year to get our hands on these, but with delays around the 18A chipset maybe it'll be even longer. Hopefully we'll see the 18A powered Nova Lake chips before the end of 2026. In terms of performance, the numbers look good. The CPUs are reportedly delivering up to 25% faster processing with up to 36% more efficiency than before. Intel's new chips are also rumoured to have over double the cores of its previous Arrow Lake's offerings. And though we'll probably be waiting another year for them, a new chip being taped down is always cause for celebration.
Daily Mail
13 hours ago
- Business
- Daily Mail
Bill Gates' daughter Phoebe, 22, lands a new side hustle... after her billionaire dad said he would not give her money
Bill Gates 's youngest daughter Phoebe has landed a new job. The fashion show regular is working with Sophia Kianni and Tay Nakamoto for a new podcast episode, Sticking With Style. They are offering tips on upgrading dorm room space for the fall 2025 semester. The project is part of an endorsement deal with the brand Command, which proves Phoebe is moving more into the world of an influencer. The 22-year-old studied Human Biology at California 's Stanford University. She is the daughter to the Microsoft co-founder, 69, and his philanthropist ex wife Melinda Gates, 60. Phoebe and her siblings, Jennifer, 28, and Rory, 25, will famously receive a minute percentage of their father's fortune because Bill will instead divert his mammoth fortune to charitable organizations. In April she discussed her father's extraordinary success and the pressure that brings on her new podcast, The Burnouts, alongside her business partner and close friend, Sophia. She said: 'I had so much insecurity and such a desire to prove myself at Stanford. 'I came in, I was like, ''I'm so privileged, I'm a nepo baby'', like I had so much insecurity around that. I feel it's so hard when you're a freshman in college because you have no experience. You have nothing.' Despite her billionaire father's gravitas, the graduate, who is dating Sir Paul McCartney 's grandson, Arthur Donald, said she was 'flat-out rejected' from a business class after devising her first pitch, Bluetooth tampons, giving women health status updates throughout their periods. 'This was our first big failure of many, many, many,' Phoebe admitted. 'I don't think it's really a shocker that we got flat-out rejected from this class - they asked us, ''What problem does this solve? How would it make money?'' We couldn't answer those questions.' It wasn't just her Stanford professors who doubted Phoebe's entrepreneurial skills, but Bill also blocked his daughter's request to drop out of school to pursue her debut company despite him doing something similar 49 years earlier. Phoebe, who will soon launch her company, digital fashion platform Phia, which she describes as a 'new way to shop' online, with Kianni, said: 'I remember even when we wanted to start the company, him being like, ''Are you sure you want to do this?'' 'Because both of my siblings were incredibly intelligent and took very typical career paths - my brother's a genius, my sister has two kids and a horse-back riding career and is in residency [as a Junior Pediatrician] - but there wasn't this adverse risk of failure.' Phoebe and her siblings won't get a big inheritance. The star continued: 'So my parents were really cautious when I was like, ''I want to do Stanford abroad and do this remotely and finish up my degree and do the start-up''. 'They were very much like, ''You need to finish your degree. You don't just get to drop out and [start] a company.'' Which is so funny because my dad literally did that - that's like the reason I'm able to go to Stanford, have my tuition paid.' Bill dropped out of Harvard in 1975 after three semesters to start Microsoft, a decision which helped earn him his estimated $107 billion (£83 billion), according to Forbes. Phoebe added that, despite having a close relationship with her father, she has few recollections of him discussing Microsoft with her. 'I literally never remember my dad talking to me about the start of Microsoft. I literally mostly just remember him talking about the Foundation,' she said. Instead of depending entirely on knowledge passed down from her father, Phoebe claimed that she is securing her future through a solid work ethic. She said: 'I really like the results we're seeing - and this is not just true for business, but any career you're in: it is just the result of habits. 'The tracking we're seeing with our product is really just the result of our habits; it's the result of loving your work, waking up early, working 'til damn late on this company because you love it. 'It's not work-life balance: this is your life, and you really enjoy it. It has to be fun, and you have to have the habits built around that. 'And controlling - being able to control that part of your brain that wants to stay in bed and being like, I don't want to eat but I need to go eat lunch because I need to be productive this afternoon.' Gates offered the example of embracing rejection as a habit she and Kianni adopted to enable success. She said: 'A habit that we had that I thought was so good at the beginning was just constant outreach and constant acceptance of rejection. 'When we were trying to get our first partnerships for Phia, we would outreach like... we maxed out the LinkedIn credits. And they wouldn't grant us more because we hit the limit. 'We'd get people respond like, ''Please leave me alone and never email me''. We'd still respond again. 'I really feel the greatest lesson from this is vulnerability is not embarrassing. Yes, our cold email outreach template was awful at first, and it was a complete flop, but I've connected with some of those people now, and they were like, ''Good for you for reaching out in college.''
Indian Express
15 hours ago
- Business
- Indian Express
Bill Gates loses $52 billion in one week, no longer among top 10 richest people in the world; here's who replaced him
In a surprising event, Bill Gates, co-founder of Microsoft, is no longer among the world's top 10 richest people. According to the Bloomberg Billionaires Index, Gates lost $52 billion in just a week, establishing a drop in his net worth by 30 per cent. The report stated that Gates was replaced in the fifth position by his former assistant and Microsoft CEO, Steve Ballmer, and he now stands in the twelfth position on the Bloomberg Billionaires Index. Gates' net worth dropped from nearly $175 billion to $124 billion. The report further suggested that Gates' net worth saw a significant decline following major charitable contributions, including a substantial donation to the Gates Foundation. According to updated estimates, analysts adjusted the growth rate of his wealth to better reflect the scale of his giving, as highlighted in a blog post he shared in May. In the post, Gates revealed that his net wealth stood at $108 billion and reaffirmed his commitment to donating nearly all of it within the next two decades through the Gates Foundation. By the time the foundation winds down in 2045, it is projected to have disbursed over $200 billion. A post shared by Bill Gates (@thisisbillgates) As of December 2024, Gates and his former wife, Melinda French Gates, had jointly contributed an extraordinary $60 billion to the foundation. Gates currently retains about 1 per cent ownership in Microsoft and has received roughly $60 billion in dividends and stock over the years. The top 12 richest people as of July 4 includes, Elon Musk ($361 billion), Mark Zuckerberg ($254 billion), Larry Ellison ($253 billion), Jeff Bezos ($244 billion), Steve Ballmer ($172 billion), Larry Page ($163 billion), Bernard Arnault ($161 billion), Sergey Brin ($152 billion), Warren Buffett ($146 billion), Jensen Huang ($139 billion), Michael Dell ($138 billion), and Bill Gates ($124 billion).
Al-Ahram Weekly
17 hours ago
- Business
- Al-Ahram Weekly
Mobile tech fueled financial inclusion boom in developing economies in 2024: WB's Global Findex 2025 - Tech
Developing countries are experiencing an unprecedented rise in financial inclusion, with more adults than ever now owning a bank or mobile-money account, according to the World Bank Group's newly released Global Findex 2025 report. The momentum is reshaping personal finance in low- and middle-income economies, driving formal savings and unlocking new opportunities for inclusive economic growth. The Global Findex 2025 provides a comprehensive look at how financial services—especially mobile and digital—are shaping the future of inclusive development. In 2024, 40 percent of adults in developing economies reported saving in a financial account—a 16 percent increase from 2021 and the fastest progress recorded in more than a decade. In Sub-Saharan Africa, the share of adults saving formally jumped by 12 percentage points to 35 percent, reflecting a significant shift toward more structured financial behaviours. Mobile phone technology has played a key role in this leap. Ten percent of adults in developing countries now use mobile money accounts to save—double the 2021 figure. According to the report, this surge in digital financial inclusion is transforming how people manage money and enabling governments to expand access to credit, improve welfare delivery, and support long-term investment. 'Financial inclusion has the potential to improve lives and transform entire economies. Digital finance can convert this potential into reality, but several ingredients need to be in place. At the World Bank Group, we're helping countries strengthen digital IDs, build cash-transfer programs, modernize payment systems, and remove regulatory roadblocks,' said World Bank Group President Ajay Banga. The report also noted that global account ownership had reached nearly 80 percent—up from just 50 percent in 2011. Yet, 1.3 billion adults remain unbanked. Of those, almost 900 million own a mobile phone, including 530 million with smartphones—highlighting the untapped potential for further inclusion. 'More people than ever have the financial tools to invest in their futures and build economic resilience, including women and others previously left behind. This is real progress,' said Bill Gates, Chair of the Gates Foundation, which supports the Global Findex. The gender gap is also narrowing. In low- and middle-income economies, women's account ownership nearly doubled—from 37 percent in 2011 to 73 percent in 2024—driven by mobile financial services and digital wage and welfare transfers. However, the report warned that rising digital engagement brings new risks. While 86 percent of adults globally own a mobile phone (68 percent of whom use smartphones), only half of adults in developing economies use a password to protect their devices, leaving them vulnerable to financial fraud and data theft. Digital payments are proliferating. In 2024, 42 percent of adults in developing countries made an in-store or online merchant payment via mobile phone or card, up from 35 percent in 2021. More governments and employers are now channelling payments directly into accounts, a shift that reduces leakages and improves transparency. The report also includes regional highlights. In East Asia and the Pacific, 86 percent of adults own smartphones, and 83 percent have account access—the highest digital connectivity worldwide. In South Asia, account ownership is largely driven by India, where 90 percent of adults are financially included. Sub-Saharan Africa leads globally in mobile money usage, with account ownership rising from 49 percent in 2021 to 58 percent in 2024. In the Middle East and North Africa, account ownership grew from 45 percent to 53 percent, while formal saving rose from 11 to 17 percent. In Latin America and the Caribbean, over half of account holders use them digitally. Europe and Central Asia lead developing regions in internet use and mobile penetration. In Egypt, 74.8 percent of eligible citizens aged 15 and above had active financial accounts by the end of 2024, according to the Central Bank of Egypt (CBE). That figure translates to around 52 million Egyptians—out of an eligible population of 69.6 million—managing their finances through formal channels, including banks, Egypt Post, mobile wallets, and prepaid cards. The CBE attributed this progress to ongoing coordination with strategic partners across the financial ecosystem—including commercial banks, government ministries, and regulatory bodies. Their collective efforts have focused on advancing economic inclusion, particularly for women, youth with disabilities, and entrepreneurs. Follow us on: Facebook Instagram Whatsapp Short link:
Wall Street Journal
a day ago
- Health
- Wall Street Journal
Bill Gates: U.S. Aid for Global Health Is Saving Lives
When I was running Microsoft, we sometimes had to make difficult changes to our business. One key to our long-term success was that every time we decided to pivot, we studied the evidence to pinpoint what wasn't working and needed to shift—but also what was working and needed to be preserved. The Senate is about to consider a rescission bill that would eliminate more than $8 billion in lifesaving foreign aid, including nearly $1 billion in direct aid for global health programs, on top of the billions in such aid that has already been canceled. I'm alarmed at how a bid to eliminate inefficiencies in the U.S. budget—an important task—has put us on the verge of cutting funds for almost every single effective lifesaving aid program and, with it, our country's proud history of helping others less fortunate than ourselves. The proposal to cut this aid passed the House last month, and the Senate is expected to vote this week. Before senators decide to cut funds for global health programs, they should understand what this spending is, what it isn't, and all the U.S. has gained from it. I have now been working in global health for almost as long as I worked at Microsoft. The Gates Foundation has spent more than $100 billion, and I am as committed to excellence in this work as I was to Microsoft's. In global health, that means saving as many people's lives as possible for every dollar we spend on medicines or vaccines. That requires tracking and analyzing results closely, asking tough questions of my team, and seeing the work in action. I've been following the political debate over aid in the U.S., and there are three facts about health aid that keep getting lost in the back and forth.
