First introduced in late 2023, AMD’s Radeon Instinct MI300X accelerator has made an impressive debut on Geekbench’s OpenCL benchmark. The GPU took the top spot, thrashing all rivals, including Nvidia’s RTX 4090, which it pushed down into second place. The Radeon Instinct MI300X is built on AMD’s third-generation CDNA architecture and TSMC’s advanced 5nm and […]
SHANGHAI/SINGAPORE (Reuters) -China left benchmark lending rates unchanged at a monthly fixing on Thursday, in line with market expectations. WHY IT’S IMPORTANT The steady monthly LPR fixings underscore that Beijing’s monetary easing efforts continued to be limited by narrowing interest rate margins and a weakening currency, despite a flurry of recent data showing more support […]
Moscow adopted the yuan-to-ruble exchange rate as benchmark after the US expanded sanctions against it. The US sanctions forced the Moscow Exchange to end dollar and euro trading, causing market confusion. Russia’s central bank reports yuan is now the main currency, accounting for 54% of trades. Moscow is adopting the Chinese yuan-to-ruble exchange rate as […]
AMD is coming under some fire for performance data it shared following its Computex 2024 keynote. Thankfully, the data in question doesn’t concern AMD’s upcoming Ryzen 9000 CPUs, which are slated to launch in July. Instead, it concerns the performance numbers AMD shared for its repackaged Ryzen 9 5900 XT and Ryzen 7 5800 XT […]
The global shipping industry is responsible for roughly 3% of all planet-overheating air pollution, as most container ships are massive vessels powered by burning dirty fuels. Now, the world’s largest battery-electric container ship, Greenwater 01, has started regular service between Shanghai and Nanjing, Interesting Engineering reported. The Greenwater 01 was developed by China Ocean Shipping […]
Leis. Inflatable palm trees. Beach balls. A margarita machine. Those party favors set the tone Wednesday at the site of the Margaritaville Hotel in Kansas City, Kansas, as developers and stakeholders witnessed the placement of a final wall panel hoisted by crane. Onlookers caught sight of the action, as Jimmy Buffett’s “Margaritaville” blared on loudspeakers, […]
MicroStrategy could boost earnings by over $3 billion if it chooses to adopt new standards, the report said. Benchmark said if the company reports positive earnings it meets the final condition for S&P 500 inclusion. This would boost MicroStrategy’s valuation as index funds would be forced to buy the stock, the broker said. MicroStrategy (MSTR) […]
MicroStrategy price target raised to $1,875 from $990 at Benchmark. The software company is well positioned to benefit from the upcoming bitcoin halving, the report said. The broker raised its bitcoin 2025 year-end price forecast to $150,000. MicroStrategy (MSTR) is particularly well positioned to benefit from the bitcoin {{BTC}} halving set to occur around April […]
Ukraine managed to maintain international attention in the “battle for its independence” in January, President of Ukraine Volodymyr Zelenskyy said during his evening video address published on Telegram on Jan. 27. Read also: Zelenskyy announces industry leaders’ summit The security agreement signed in January with the United Kingdom is a “basic benchmark” to be followed […]