Latest news with #UK-specific
Business Insider
5 days ago
- Business
- Business Insider
Nvidia (NVDA) and University of Bristol Launch the UK's Most Powerful AI Supercomputer
Chipmaker Nvidia (NVDA) and the University of Bristol have launched the Isambard- AI supercomputer, which is now the most powerful in the UK and one of the world's most energy-efficient. Interestingly, it uses 5,448 Grace Hopper superchips packed into liquid-cooled HPE (HPE) server cabinets, with 440 GPUs each. As a result, this powerful system will help researchers take on a wide range of projects, from drug development and materials science to building large language models for UK-specific languages like Welsh. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Although the supercomputer is not as large as the huge data centers used by companies like Amazon (AMZN) and Microsoft (MSFT) —which require gigawatts of power—Isambard-AI uses just 5 megawatts while still being able to run many experiments at once. In addition, the Bristol team chose liquid cooling instead of fans, which allows more GPUs to be placed into smaller spaces while improving energy efficiency. The university also plans to reuse the hot wastewater from the supercomputer to heat campus buildings and nearby homes. It is worth noting that this project is part of Nvidia's 'sovereign AI' focus, which is where countries build their own national AI infrastructure. Indeed, in May, CEO Jensen Huang joined President Trump at a Saudi event to announce that Nvidia would sell thousands of GPUs to companies in the country. Moreover, in June, Nvidia said that it was expanding its AI infrastructure push into France, Germany, Italy, and the UK. This is because Huang believes that AI is the new essential infrastructure, just like electricity and the internet once were. What Is a Good Price for NVDA? Turning to Wall Street, analysts have a Strong Buy consensus rating on NVDA stock based on 34 Buys, three Holds, and one Sell assigned in the past three months, as indicated by the graphic below. Furthermore, the average NVDA price target of $182.06 per share implies 5% upside potential.
Fashion Network
5 days ago
- Business
- Fashion Network
Swatch UK results show sector facing tough market
Swatch Group on Thursday reported its half-year global results showing the watch market is still tough. And it has also filed its UK-specific accounts for 2024 highlighting the challenges in the British market. The company said that British turnover from continuing operations dropped 11% to £193.768 million and profits fell as well. In fact profit before tax was down as much as 33% at £7.516 million for the year. That was due both to the turnover fall and an increase in the cost of sales and distribution/administrative expenses. Those expenses increased 6% for the year. Other figures in the accounts included operating profit from continuing operations falling to £12.365 million from £15.819 million and its net profit for the financial year dropping sharply to £3.791 million from £8.315 million. Swatch may have another tough year in 2025 too as it has already said that the increase in employers' National Insurance contributions in the UK that began in April will increase its costs, and the results from its operations globally have also shown that the market hasn't become easier for watch specialists. That's something Richemont 's results showed this week too with the Swiss luxury giant's Specialist Watchmakers segment being its worst performer in the latest year. Looking back at the UK specifically, in the accounts filing Swatch said it's 'maintaining the strength of [its] brands through new and innovative products, strategic advertising and maintaining strong relationships with its customers'.
Yahoo
5 days ago
- Business
- Yahoo
Nvidia and University of Bristol debut UK's fastest AI supercomputer in sovereign AI push
Nvidia (NVDA) and the University of Bristol debuted the UK's Isambard-AI supercomputer on Thursday, part of Nvidia's push into so-called sovereign AI, or AI supercomputers built for individual nations. The fastest supercomputer in the country and one of the most energy-efficient supercomputers globally, the Isambard-AI supercomputer combines 5,448 Nvidia Grace Hopper superchips through a series of liquid-cooled HPE server cabinets packed with 440 GPUs each. The system is meant to perform research on everything from materials science to drug discovery to large language models designed for UK-specific languages such as Welsh. Impressively, according to University of Bristol professor Simon McIntosh-Smith, the entire system came together in less than two years. Normally, it takes more than three years to complete similar projects, McIntosh-Smith, who also heads the Bristol Centre for Supercomputing (BriCS), told Yahoo Finance. Researchers and companies will need to apply for access to the Isambard-AI supercomputer via the UK government's Department for Science, Innovation, and Technology. Supercomputers, however, don't just run individual tasks at once. Depending on the time of day, such systems can run a host of different experiments at the same time, helping to improve overall efficiency While the Isambard-AI supercomputer is powerful as far as research computers go, it's relatively small compared to the massive datacenter-scale systems companies like Amazon (AMZN), Google (GOOG, GOOGL), Meta (META), and Microsoft (MSFT) currently run. Those warehouse-sized computers require gigawatts, or 1 billion watts, of electricity to power tens of thousands of GPUs. The Isambard-AI supercomputer, meanwhile, uses 5 megawatts, or 5 million watts. According to McIntosh-Smith, the team at BriCS chose to use a liquid cooling solution rather than traditional air cooling with fans to keep the Isambard-AI from overheating, because it allowed them to pack more GPUs into a smaller space while improving overall energy efficiency. The university is also working on a pilot program that will use the hot wastewater from the supercomputer to heat campus facilities and eventually nearby homes and businesses. While the University of Bristol officially flipped the switch on Isambard-AI on Thursday, McIntosh-Smith said some researchers have already been running experiments on a test version of the system. Those include work on vaccines for Alzheimer's disease and image recognition to help machines better identify skin cancer. The Isambard-AI supercomputer is just one example of Nvidia's push into sovereign AI, which represents a new revenue stream for the company beyond individual tech companies. In May, CEO Jensen Huang attended an event held in Saudi Arabia where President Trump announced that he would allow Nvidia to sell thousands of GPUs to companies within the country. The administration also set up a plan to sell hundreds of thousands of chips to the United Arab Emirates, but officials are holding off on moving forward with the deal over concerns China could gain access to the technology, the Wall Street Journal reported Wednesday. And in June, Nvidia touted its expansion in Europe, announcing that companies across France, the UK, Germany, and Italy will build out or expand on their AI infrastructure. "Every industrial revolution begins with infrastructure. AI is the essential infrastructure of our time, just as electricity and the internet once were," Huang said in a statement at the time. "With bold leadership from Europe's governments and industries, AI will drive transformative innovation and prosperity for generations to come." The US still accounts for the majority of Nvidia's sales, making up $61.2 billion of the company's $130.4 billion in total revenue in its latest fiscal year. Taiwan and China made up $20.5 billion and $17.1 billion, respectively. Singapore saw $23.6 billion in sales, but Nvidia said the majority of those shipments are simply invoiced in the country and shipped elsewhere. Email Daniel Howley at dhowley@ Follow him on X/Twitter at @DanielHowley. 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
Fashion Network
5 days ago
- Business
- Fashion Network
Swatch UK results show sector facing tough market
Swatch Group on Thursday reported its half-year global results showing the watch market is still tough. And it has also filed its UK-specific accounts for 2024 highlighting the challenges in the British market. The company said that British turnover from continuing operations dropped 11% to £193.768 million and profits fell as well. In fact profit before tax was down as much as 33% at £7.516 million for the year. That was due both to the turnover fall and an increase in the cost of sales and distribution/administrative expenses. Those expenses increased 6% for the year. Other figures in the accounts included operating profit from continuing operations falling to £12.365 million from £15.819 million and its net profit for the financial year dropping sharply to £3.791 million from £8.315 million. Swatch may have another tough year in 2025 too as it has already said that the increase in employers' National Insurance contributions in the UK that began in April will increase its costs, and the results from its operations globally have also shown that the market hasn't become easier for watch specialists. That's something Richemont 's results showed this week too with the Swiss luxury giant's Specialist Watchmakers segment being its worst performer in the latest year. Looking back at the UK specifically, in the accounts filing Swatch said it's 'maintaining the strength of [its] brands through new and innovative products, strategic advertising and maintaining strong relationships with its customers'.
Fashion Network
5 days ago
- Business
- Fashion Network
Swatch UK results show sector facing tough market
Swatch Group on Thursday reported its half-year global results showing the watch market is still tough. And it has also filed its UK-specific accounts for 2024 highlighting the challenges in the British market. The company said that British turnover from continuing operations dropped 11% to £193.768 million and profits fell as well. In fact profit before tax was down as much as 33% at £7.516 million for the year. That was due both to the turnover fall and an increase in the cost of sales and distribution/administrative expenses. Those expenses increased 6% for the year. Other figures in the accounts included operating profit from continuing operations falling to £12.365 million from £15.819 million and its net profit for the financial year dropping sharply to £3.791 million from £8.315 million. Swatch may have another tough year in 2025 too as it has already said that the increase in employers' National Insurance contributions in the UK that began in April will increase its costs, and the results from its operations globally have also shown that the market hasn't become easier for watch specialists. That's something Richemont 's results showed this week too with the Swiss luxury giant's Specialist Watchmakers segment being its worst performer in the latest year. Looking back at the UK specifically, in the accounts filing Swatch said it's 'maintaining the strength of [its] brands through new and innovative products, strategic advertising and maintaining strong relationships with its customers'.
