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Time of India
26-05-2025
- Business
- Time of India
Culture, compassion, compute: Satya Nadella on what makes a generational company in the AI age
From April 20 to May 2, the world's most seasoned executives, founders, venture capitalists (VCs), innovators, and technologists converged at the Santa Clara Convention Centre in California for TiEcon 2025. The theme for this year's edition, AiVerse, explored the vast potential of applied artificial intelligence (AI) across 11 tracks ranging from AI in mobility and entertainment to AI in manufacturing, retail and supply chains. The highlight of day two of the annual extravaganza was the grand keynote by Satya Nadella, who expounded on the importance of cultural capital and empathy in times of revolutionary change. The Microsoft honcho was also presented with the Lifetime Achievement Award by TiE Silicon Valley (TiE SV) chairperson Anita Manwani and deemed 'CEO of the decade' by Naveen Chaddha, Managing Partner, Mayfield Fund. Here are some takeaways from Mr Nadella's keynote: On what accounts for institutional strength 'If you're an established company or founding a company, you have to come up with an idea whose time has come. In order to build that new concept, you also need to have a new capability. And in order to build that new capability before it's conventional wisdom, you need culture. Live Events Whether you're a VC, entrepreneur, executive, or an engineer, it's all the same thing. You have a cultural posture that allows you to either skill yourself up or get associated with other people with complementary skills that are needed to build something new that is needed in the world. That framework is how I evaluate where we are as a company, and where we need to go. And it's a harsh thing, because you kind of have to be in this continuous journey of renewal.' Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories On empathy as a critical workplace skill 'If you want to learn it all and not [just] know it all, that is the foundation of a growth mindset. This means you have to have empathy more than anything else, to be able to see through other people's eyes. We think of it as a soft skill for life, but it's also a critical soft skill for innovation. Because, after all, what is innovation if not meeting the unmet, unarticulated needs of customers? You can call this a design mindset or design thinking; but really, it's empathy. It does ultimately come down to us having the ability at scale [after] seeing the world through other people's eyes.' On AI computing being distinct from other technological breakthroughs 'When I came to the Valley in early 1990, it felt like a golden age of systems. We're back at that again. You're adding system software, whether it is what's happening at the ASIC [Application-Specific Integrated Circuit] or chip level, system level, or with model architectures. Who would've thought two years ago that soon enough, it'd be about test times and compute? OpenAI set the pace by their innovation, and we were obviously thrilled to partner with them. But it's also great to see what's happening in open source. You're seeing reasoning models that weren't there even just a year ago. Now they're in all models, weight, and sizes. Just yesterday, we launched five new models with reasoning. I look at my capex budget and say, 'Whoa, what happened there?' Nevertheless, the cooling in data centres is one of the biggest challenges we have. And the point is, it's differential cooling. There's an AI accelerator rack, then there's the rest.' On AI applications in the physical sciences 'There are three broad domains for AI application. One is cognitive and knowledge work. That's our bread and butter. The other is physical: robotics, the autonomous domain, drones, and what have you. The third is science. The way we have been able to deal with this domain is by doing simulations. High performance computing (HPC) was fundamentally born underneath scientific simulation. But it turns out that to simulate nature right on a Von Neumann architecture, you just have approximations. There's no such thing as a perfect simulation. That's why we are very excited about even quantum because ultimately, the quantum computer is the real breakthrough at utility scale when you really think about simulating nature. If you want to discover a new material, AI can help speed up the HPC by coming up with candidates. So we essentially have these models that are derivatives of transformers. You don't have to start without any knowledge. There's a variety of models you can get to on foundry for different domains, biology being the hardest of them all. The rapid progress right now is in computational chemistry and material sciences.'
New Straits Times
07-05-2025
- Business
- New Straits Times
AT&S Kulim plant receives AMD's high-volume manufacturer certification
KULIM: Austrian chipboard manufacturer AT&S's RM5 billion facility at the Kulim Hi-Tech Park (KHTP) is ready to commence high-end Integrated Circuit (IC) substrate production to support AMD's high-performance processors, among other clients. The world's fifth-largest modern IC substrate producer said the launch of its Kulim Campus will accelerate its ambition to become one of the top three global players in the industry. "This is likely a new world record. Commencing high-volume production is not only a major milestone for AT&S but also a significant step forward for Malaysia. "By introducing high-end IC substrate technology to Kulim, we aim to contribute to Malaysia's economic and technological development sustainably," said AT&S's Microelectronics Business Unit executive vice president Ingolf Schroeder. He added that AT&S's substrate production for AMD at the Kulim Campus is expected to grow steadily in response to increasing demand for Computer Processing Units (CPUs) and Graphics Processing Units (GPUs), particularly in the fields of data centres, Artificial Intelligence (AI), Virtual Reality (VR), and Augmented Reality (AR). "With the expected exponential growth in data volume, the demand for data storage, transmission, and analysis continues to surge. "AT&S is a sought-after technology partner, and we anticipate significant growth in our customer base at the Kulim plant, with more high-profile clients expected to come on board during this financial year," he said at a press conference to announce the Kulim plant's High Volume Manufacturing accreditation from AMD today. Schroeder said AT&S is benefiting from a strategically integrated "substrate triangle", consisting of its facilities in Chongqing (China), Kulim (Malaysia), and Leoben (Austria). "Expertise, technologies, and research are constantly being shared and refined across these three sites, enabling each plant to reach its full potential," he said. He emphasised that AT&S is not directly affected by the reciprocal tariffs imposed by the United States. "Firstly, we are not – and not only in Malaysia – impacted by the tariffs, as we do not supply final products. We are unaffected by any such tariffs. Our operations in Kulim are ongoing and expanding, as are those in Austria and China," he explained. AT&S Malaysia has invested RM600 million in research and development (R&D), equipping the 255,000 square metre plant with 500 high-tech machines. "We are employing around 1,500 local workers and have invested RM600 million in R&D. "AT&S collaborates closely with CREST (Collaborative Research in Engineering, Science & Technology) and the Investment, Trade and Industry Ministry under Malaysia's National Semiconductor Strategy (NSS). "We are already giving back significantly to Malaysia's tech ecosystem. High-end manufacturing requires substantial investment, and we are grateful for the strong and reliable partnerships we've established with local institutions. Together, we will shape the future of microelectronics," said Schroeder. Meanwhile, AT&S Malaysia senior vice president and managing director Suan See Yap attributed the plant's achievement in securing AMD's final manufacturing certification to the dedication of its workforce. "In the process, we have also obtained ISO certifications, including 9001, 14001, 27001, 45001, and 50001. "We currently have around 1,448 employees – 883 blue-collar and 565 white-collar staff," she said.
Yahoo
06-03-2025
- Business
- Yahoo
Broadcom forecasts strong second quarter on upbeat AI chip demand
By Zaheer Kachwala (Reuters) - Broadcom forecast second-quarter revenue above Wall Street expectations on strong demand for its custom artificial intelligence chips from companies processing big data, sending its shares up more than nearly 9% after the bell on Thursday. The chipmaker expects revenue of around $14.90 billion, compared with estimates of $14.76 billion, according to data compiled by LSEG. Broadcom is seeing red hot demand for its custom artificial intelligence chips from companies looking for an alternative to the costly processors of market leader Nvidia as they rapidly expand their AI infrastructure. Broadcom CEO Hock Tan said the company expects revenue of $4.4 billion in the second quarter for its AI semiconductors as hyperscale customers invest in custom AI chips for data centers. Though Broadcom faces intense competition from Nvidia's ethernet-like Infiniband products, it benefits from the expansion of AI data centers as one of the largest providers of advanced networking equipment. "Result and outlook were good enough for investors," said Summit Insights analyst Kinngai Chan. "Broadcom is much better positioned compared to its peers as its exposure in AI market is relatively more diversified with multiple AI ASIC customers." Application-Specific Integrated Circuit, or ASICs, are chips designed for specific tasks or applications. Analysts expect Broadcom to benefit further from large tech companies moving away from off-the-shelf chips to in-house processors as computing needs for AI tasks get more complex and personalized. Smaller rival Marvell Technology had also reported strong growth for its AI segment, but did not meet investors' lofty expectations. Broadcom reported revenue of $14.92 billion for the first quarter, beating estimates of $14.61 billion. AI revenue for the first quarter surged more than 77% to $4.1 billion, driven by strong adoption of its custom-made accelerators. Revenue in its infrastructure software segment rose more than 47% to $6.70 billion, while analysts expected $6.49 billion. Sign in to access your portfolio
Associated Press
03-03-2025
- Business
- Associated Press
AGM Group Holdings Inc. Announces Pricing of $5.4 Million Public Offering
Beijing, March 02, 2025 (GLOBE NEWSWIRE) -- AGM Group Holdings Inc. ('AGM Holdings' or the 'Company') (NASDAQ: AGMH), an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment, today announced the pricing of its public offering of 16,390,000 Class A ordinary shares and accompanying warrants to purchase up to an aggregate of 16,390,000 Class A ordinary shares at a combined public offering price of $0.33. The warrants will expire on the fifth anniversary from the date of issuance, will be exercisable immediately at an initial exercise price of $0.33 per share, subject to adjustment upon a one-time reset on the Reset Date (as described in the warrants), and subject to a floor price described therein. The warrants may also be exercised on an alternative cashless basis pursuant to which the holder may exchange each warrant for 1.2 Class A ordinary shares. Gross proceeds to the Company, before deducting placement agent's fees and other offering expenses, are expected to be approximately $5.4 million. The offering is expected to close on or about March 4, 2025, subject to the satisfaction of customary closing conditions. Maxim Group LLC is acting as sole placement agent in connection with the offering. The securities above are being offered pursuant to a registration statement on Form F-1, as amended, (File No. 333-282420) which was declared effective by the Securities and Exchange Commission (the 'SEC') on February 28, 2025. A final prospectus relating to the offering will be filed with the SEC and will be available on the SEC's website at The offering is being made only by means of a prospectus forming part of the effective registration statement. Electronic copies of the prospectus relating to this offering, when available, may also be obtained from Maxim Group LLC, 300 Park Avenue, 16th Floor, New York, New York 10022, Attention: Syndicate Department, by telephone at (212) 895-3745 or by email at [email protected]. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. About AGM Group Holdings Inc. AGM Group Holdings Inc. (NASDAQ: AGMH) is an integrated technology company specializing in the assembling and sales of high-performance hardware and computing equipment. With a mission to become a key participant and contributor in the global blockchain ecosystem, AGMH focuses on the research and development of blockchain-oriented Application-Specific Integrated Circuit (ASIC) chips, the assembling and sales of high-end crypto miners for Bitcoin and other cryptocurrencies. For more information, please visit Forward-Looking Statements Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as 'approximates,' 'assesses,' 'believes,' 'hopes,' 'expects,' 'anticipates,' 'estimates,' 'projects,' 'intends,' 'plans,' 'will,' 'would,' 'should,' 'could,' 'may' or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the U.S. Securities and Exchange Commission. Tina Xiao President
