Latest news with #SHI
Forbes
19-05-2025
- Business
- Forbes
One Of America's Biggest Entrepreneurs Emerges As A Key Nvidia Partner For Enterprise AI
Thai Lee speaks at the recent opening of the AI Labs in New Jersey. Nvidia is opening another distribution strategy for its GPU capacity, by establishing a network of IT consulting firms as partners to test and sell AI solutions. The partners use new Spark machines and sell Nvidia infrastructure to enterprises, based on public information and the recent opening of one of the first partner sites. One of the first partners to emerge is SHI, one of America's largest women-owned businesses. SHI, which has more than $14B in revenue, recently opened an AI and Cyber Labs in Piscataway, N.J., equipped with new Nvidia Spark machines. SHI also trained its staff to help companies build and test AI applications. Nvidia has established a DGX SuperPOD Specialization Partner program, which suggests they're building a network of specialized partners who can deploy and manage their high-performance AI infrastructure, said David A. Bader, distinguished professor in Data Science at the New Jersey Institute of Technology, by email. ePlus, another IT services provider, has also become certified as a partner. The DGX SuperPOD is what Nvidia calls its AI supercomputer, accessed through the Cloud. Nvidia is facing more competition from Chinese models for AI development, and needs to move quickly to cement its edge in enterprise AI. 'The work being done in SHI's AI & Cyber Labs showcases the accelerating shift toward AI-driven innovation across industries,' said Craig Weinstein, vice president of the America's Partner Organization, Nvidia, in an e-mailed statement. From AI agents helping people develop business strategies, to AI-assisted fraud detection, organizations are moving beyond experimentation to tangible results with SHI's labs, transforming how they operate and compete in the AI era.' Working with trained partners – humans – makes sense since given the complexity of enterprise AI deployments. Many enterprise AI projects are stumbling on cost and data problems, according to outside researchers. The move also makes sense for Somerset-based SHI, which is expanding into AI-as-a-service. The new lab, opened to fanfare in April, will give teams from corporations access to the infrastructure needed to develop AI applications. They'll pay to rent time on Nvidia Sparks – new desktop AI development devices – at the Lab, along with receiving the advice of the SHI team based there. 'We believe we're developing capabilities that are going to be very useful,' said Thai Lee, CEO, in an interview. 'Many organizations that I talk to are afraid their business models today are not going to keep them alive.' She said companies will need to adapt to the next wave of AI, including agentic AI and physical AI – meaning, the capacity of robots and autonomous vehicles. Currently, companies that want to work on AI applications have to contract to engage with GPUs, which were housed in data centers requiring massive energy and cooling. Different models are now emerging for AI application development. The Spark, which is being sold as a personal AI computer, costs about $4,000, and contains Nvidia GPUs. 'These systems, powered by the Grace Blackwell platform, represent a democratization of AI computing power that was previously only available in data centers,' said Bader. 'For researchers, data scientists, and organizations exploring AI applications, having local access to this level of computing power through SHI's facility provides tremendous advantages. It enables experimentation with large language models and complex AI systems without the latency, cost, or data sovereignty concerns that can come with cloud-based approaches.' The idea behind the Lab is that people will rent time there and with the assistance of more than 100 trained SHI staff, develop or test applications. Jack Hogan, vice president of advanced growth technologies at SHI, gave an example of how this has played out in practice. 'A large pharmaceutical company came to us, that is literally spending billions of dollars a year in AI infrastructure hosted in the could and on premises,' he said. 'They had a specific use case to ensure that the eight-figure purchase they were about to make was going to work.' SHI charged them for a six-week engagement, with a price tag in 'the low six figures.' 'They ultimately proved to themselves that their data wasn't ready,' he said. 'They prevented themselves from making a substantial mistake in just going out and buying this equipment without knowing that it was going to work.' SHI is also working with Nvidia on creating synthetic data for companies, so that even if they don't share their data, they can validate their use cases in the Lab. Many enterprise-level AI projects are failing, according to research by Gartner. 'Cost is one of the greatest near-term threats to AI and generative AI (GenAI) success. Gartner estimates that more than half of organizations who are embarking on AI initiatives beyond 'everyday AI' are abandoning their efforts due to unexpected cost overruns,' according to a Gartner Research Note, titled Toolkit: Customer Calculation of AI and GenAI Multiyear Costs by Use Case, issued in March 2025. About 30% of AI projects that make it past proof of concept will be abandoned due to poor data quality, inadequate risk controls, escalating costs or unclear business value, the research firm also predicted. However, at the same time, the successful AI projects will make a difference, it said reporting that through 2026, GenAI will reduce manually intensive data management costs up to 20% each year while enabling four times as many new use cases. Nvidia, with a market capitalization of $2.6T, is one of the world's most valuable companies. By teaming up with it, SHI is further emerging as one of the most significant IT service companies in the United States, Lee said SHI may open more labs across the country, working with Nvidia or others. 'The age of the GPU is here and it is going to completely transform the way that the computing world is been operating,' said Lee. She also gave an interview on her leadership style, here.
What's On
16-05-2025
- Entertainment
- What's On
7 of the best restaurants in Dubai this weekend: May 16 to 18
What's hot on the menu… Summer is doing its thing, and so is the city. Indoors is where it's at, and these spots are keeping things cool with new menus, drops, and weekend energy that's worth the reservation. Here's where to eat at some of the best restaurants in Dubai this weekend. TATEL What: Entre Amigos Brunch Vibe: Stylish, buzzy, and full-on Spanish Menu: Starters include crispy Andalusian-style squid, garlic shrimp, chicken croquetas, ceviche with mango and sweet potato, and a cold cuts + cheese board. Mains include creamy seafood rice or beef tenderloin with chimichurri. Desserts go big: Basque-style cheesecake and a rich chocolate cake with sea salt. Valencia package (non-alcoholic) priced at Dhs355, Madrid package (with Cava) priced at Dhs455, Dubai package (with Champagne) priced at Dhs725. When: Every Saturday, 2 pm to 6pm Where: TATEL, Downtown Dubai, Hotel Boulevard, Autograph Collection @ Observatory Bar & Grill What: A Friday night brunch in full cosmic mode. STARGAZE is Observatory's new after-dark concept featuring a three-course sharing menu, free-flowing drinks for three hours, DJs, dancers, and zero chill. Vibe: Think intergalactic lounge meets futuristic fashion, with panoramic views, slick lighting, and space to move. It's giving luxury sci-fi with beats. Menu: Kick off with a mix of Sake Maki Rolls, California Rolls, Beef Dumplings, Tempura Ebi, and Mushroom & Truffle Croquettes. Mains are all about the sharing platters: Wagyu Sliders, Chicken Chimichurri, and Salmon Skewers. Finish with Churros and call it a night. Soft Package priced at Dhs295, House Package Dhs345, Premium Package Dhs395, VIP Booth (up to 6 guests) Dhs2,500 When: Every Friday, 8pm to 11pm Where: Observatory Bar & Grill, Dubai Marriott Harbour Hotel, Dubai Marina @observatorydubai Bab El Bahr What: A Downtown icon reborn. Bab El Bahr returns with a fresh new look and a bold coastal Mediterranean menu that blends Levantine roots with refined seaside flair. Vibe: Mediterranean elegance with arches, soft stone textures, olive trees, and shades of sea blue—perfect for everything from sunlit lunches to lively dinners with Shisha. Menu: Freshly shucked oysters, Tuna tartare with a Mediterranean twist, Salmon kibbeh nayeh, Sea bass ceviche, Curated sushi selection, hot & cold mezze, grilled whole fish, and creative seafood mains Where: Bab El Bahr, Boulevard 29 Bld., Mohammed Bin Rashid Boulevard, Downtown Dubai @ SHI What: Rich Chinese cuisine with stunning Bluewaters views. Menu: For Dubai Restaurant Week, expect sushi, dim sum, smoky meats, and spicy seafood on curated lunch and dinner menus. Lunch priced at Dhs125, dinner Dhs250. Highlights include Sake Truffle Maki, Jasmine Tea Smoked Ribs, and Tofu Eggplant with Black Bean Sauce. When: May 9 to 25 Where: SHI, Bluewaters Island @ Duck & Waffle What: Sky-high dining with British-American classics. Duck & Waffle DIFC joins DRW with signature hits flavours from day to night. Menu: Lunch favourites include Duck & Waffle, Lobster Roll, and Spicy Rigatoni. Dinner steps it up with Foie Gras Crème Brûlée, Truffle Beef Carpaccio, Roasted Baby Chicken, and 'The Full Elvis' for dessert. Lunch priced at Dhs125, dinner Dhs250. When: May 9 to 25 Where: Duck & Waffle, DIFC @duckandwaffledubai Loona What: Fine dining with a modern Italian soul. Loona's DRW dinner-only menu layers bold textures and rich flavours in a sleek Downtown setting. Menu: Dinner: Expect prawn, salmon tartare, and artichoke to start; veal cheek risotto, crab polpetta, and porcini pappardelle for mains; and a duo of ganache and tiramisu to close, priced at Dhs250 When: May 9 to 25 Where: Loona, Downtown Dubai @ Couqley Downtown What: A relaxed Sunday ritual with French soul. Couqley Downtown serves up a two-course menu of its most-loved classics—think Steak Frites, Steak Tartare, Spinach Ravioli, and Free-Range Chicken—in a setting that's as warm and inviting as the food itself. Vibe: Elegant, easygoing, and full of joie de vivre. Sundays from 1–4 PM are for slowing down and sharing good food with good company. Menu: Two courses with soft drinks priced at Dhs218, two courses with free-flow grapes Dhs268, two courses with free-flow grapes & hops Dhs347, Add dessert for Dhs33. When: Every Sunday from 1pm to 4pm Where: Couqley Downtown @couqleyuae Images: Supplied
Yahoo
16-04-2025
- Business
- Yahoo
There's Been No Shortage Of Growth Recently For SIG's (LON:SHI) Returns On Capital
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. Speaking of which, we noticed some great changes in SIG's (LON:SHI) returns on capital, so let's have a look. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. The formula for this calculation on SIG is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.029 = UK£21m ÷ (UK£1.2b - UK£439m) (Based on the trailing twelve months to December 2024). So, SIG has an ROCE of 2.9%. Ultimately, that's a low return and it under-performs the Trade Distributors industry average of 14%. See our latest analysis for SIG Above you can see how the current ROCE for SIG compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our free analyst report for SIG . The fact that SIG is now generating some pre-tax profits from its prior investments is very encouraging. The company was generating losses five years ago, but now it's earning 2.9% which is a sight for sore eyes. And unsurprisingly, like most companies trying to break into the black, SIG is utilizing 31% more capital than it was five years ago. This can tell us that the company has plenty of reinvestment opportunities that are able to generate higher returns. One more thing to note, SIG has decreased current liabilities to 37% of total assets over this period, which effectively reduces the amount of funding from suppliers or short-term creditors. So this improvement in ROCE has come from the business' underlying economics, which is great to see. Long story short, we're delighted to see that SIG's reinvestment activities have paid off and the company is now profitable. Astute investors may have an opportunity here because the stock has declined 28% in the last five years. That being the case, research into the company's current valuation metrics and future prospects seems fitting. While SIG looks impressive, no company is worth an infinite price. The intrinsic value infographic for SHI helps visualize whether it is currently trading for a fair price. If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
16-04-2025
- Business
- Yahoo
There's Been No Shortage Of Growth Recently For SIG's (LON:SHI) Returns On Capital
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. Amongst other things, we'll want to see two things; firstly, a growing return on capital employed (ROCE) and secondly, an expansion in the company's amount of capital employed. Basically this means that a company has profitable initiatives that it can continue to reinvest in, which is a trait of a compounding machine. Speaking of which, we noticed some great changes in SIG's (LON:SHI) returns on capital, so let's have a look. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. The formula for this calculation on SIG is: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.029 = UK£21m ÷ (UK£1.2b - UK£439m) (Based on the trailing twelve months to December 2024). So, SIG has an ROCE of 2.9%. Ultimately, that's a low return and it under-performs the Trade Distributors industry average of 14%. See our latest analysis for SIG Above you can see how the current ROCE for SIG compares to its prior returns on capital, but there's only so much you can tell from the past. If you're interested, you can view the analysts predictions in our free analyst report for SIG . The fact that SIG is now generating some pre-tax profits from its prior investments is very encouraging. The company was generating losses five years ago, but now it's earning 2.9% which is a sight for sore eyes. And unsurprisingly, like most companies trying to break into the black, SIG is utilizing 31% more capital than it was five years ago. This can tell us that the company has plenty of reinvestment opportunities that are able to generate higher returns. One more thing to note, SIG has decreased current liabilities to 37% of total assets over this period, which effectively reduces the amount of funding from suppliers or short-term creditors. So this improvement in ROCE has come from the business' underlying economics, which is great to see. Long story short, we're delighted to see that SIG's reinvestment activities have paid off and the company is now profitable. Astute investors may have an opportunity here because the stock has declined 28% in the last five years. That being the case, research into the company's current valuation metrics and future prospects seems fitting. While SIG looks impressive, no company is worth an infinite price. The intrinsic value infographic for SHI helps visualize whether it is currently trading for a fair price. If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Trade Arabia
22-02-2025
- Business
- Trade Arabia
SHI Hospitality appoints new Director of Operations
SHI Hospitality Group, the brand behind SHI and MOLI, has welcomed Geoffery Lachize as its Director of Operations. With a deep passion for hospitality and years of experience leading some of the most acclaimed restaurants, Lachize joins the group at an exciting time, ready to drive the next chapter of its success, SHI Hospitality said. Lachize's passion for creating unforgettable dining experiences led him to work with globally celebrated names, including Four Seasons George V in Paris, where he refined his expertise at the legendary three-Michelin-starred Le Cinq. He then took on leadership roles with Mandarin Oriental, contributing to the successful launch of its Bodrum property and spearheading a pop-up concept at Mandarin Oriental Geneva. His move to Dubai saw him play a key role in the pre-opening of Renaissance Downtown Dubai with Marriott International, overseeing two of the city's most talked-about venues at the time – Bleu Blanc, a French dining concept by Michelin-starred Chef David Myers, and Poppy, an intimate speakeasy with a beverage program curated by Sam Ross, the 2021 World's 50 Best Bartender of the Year. Venturing into Dubai's dynamic standalone restaurant scene, Lachize joined Orange Hospitality, overseeing operations at Alici before taking the helm as General Manager of Josette. Under his leadership, Josette earned Michelin recognition and multiple accolades from Gault & Millau, securing its status as a top-tier fine-dining destination. At SHI and MOLI, two restaurants that have already made their mark on Dubai's culinary scene, Lachize's focus will be on elevating every touchpoint, from the way guests are welcomed to the innovation behind the menus. SHI, a fine-dining Chinese concept on Bluewaters Island, is known for its refined yet inviting approach to Chinese cuisine, while MOLI, its contemporary counterpart in Dubai Hills Business Park, is quickly becoming a favourite for those looking for something bold, modern, and full of flavour. Beyond Dubai, Lachize will also oversee the group's growing international footprint, including its highly anticipated expansion in Thailand. The launch of two high-end restaurants stands as a pivotal achievement for the brand, marking the group's first venture into international markets. As the group continues to resonate with diverse audiences, his expertise will play a crucial role in ensuring that the essence of SHI Hospitality is seamlessly woven into every new destination. 'Great restaurants are built on more than just incredible food — they thrive on atmosphere, service, and an energy that lingers with guests long after they leave. SHI Hospitality Group has created something truly remarkable, and I'm excited to work with this talented team to elevate it even further,' says Lachize.
