What You Need To Know Ahead Of HP Enterprise’s AI Day On Thursday
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Hewlett Packard Enterprise (HPE) will kick off its AI Day event at 1:45 p.m. Eastern Time Thursday, with a webcast featuring CEO Antonio Neri, CTO Fidelma Russo, and others.
Bank of America analysts expect the artificial intelligence (AI) server maker to focus on its liquid cooling technology and the manufacturing and deployment of large-scale AI systems at the event. Larger, more dense data centers require liquid cooling to maintain their temperature and the demand for powerful AI server racks is growing noted the analysts.
“As computing moves to larger scale clusters, we expect HPE to benefit from their unique history to deploy large scale systems at scale,” the analysts said in a note Tuesday, adding that with “the projected power demands of Nvidia's (NVDA) next gen AI chips, liquid cooling will become a definite need within the industry."
Bank of America maintained its "buy" rating and a price target of $24, about a 15% premium over Wednesday’s intraday price of $20.78. Shares of HP Enterprise have gained more than 22% since the start of the year.
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AS Nigerians struggle to survive amid soaring food prices, the Nigerian Economic Summit Group, NESG, yesterday tasked the federal government to emulate Brazil and India in conquering hunger.
In a statement signed by the Ag. Head, Strategic Communication & Advocacy, NESG, Ayanyinka Ayanlowo, while explaining that the 30th Nigerian Economic Summit (NES #30) would focus on hunger issues affecting Nigerians at its forthcoming summit in Abuja.
There're still Nigerians with integrity — Femi, who returned N21m worth of crypto coins to owner
”Therefore, the session will focus on sustainable solutions to combat food insecurity and malnutrition, particularly in Nigeria and the broader African continent.
“According to the 2023 Global Hunger Index, Africa is home to 8 of the 9 countries with alarming levels of hunger, a situation that continues to threaten economic stability and development.
“Addressing this crisis is not just a moral imperative but a critical economic and social challenge.
“For Nigeria, tackling hunger is a crucial step toward achieving broader economic development and stability. Despite being a country with vast agricultural potential, food insecurity remains a significant concern, exacerbated by factors such as conflict, climate change and poverty.
“The 30th Nigerian Economic Summit will explore targeted interventions, including enhancing agricultural productivity, improving food distribution systems, and supporting smallholder farmers.
“Countries, such as Brazil, have demonstrated that with the right policies, hunger can be dramatically reduced. Brazil’s ‘Fome Zero’ (Zero Hunger) initiative has been widely praised for its success in combining social programs, agricultural subsidies and food security measures to significantly reduce hunger and poverty.
“Similarly, India’s National Food Security Act has enabled millions of citizens to access affordable food through a well-organized public distribution system, offering valuable insights for Nigeria’s food security strategy.”
According to him, there is need for collaborative efforts to ensure food security is achieved in Nigeria.
”Plenary V will bring together government officials, agricultural experts, development partners, and private sector stakeholders to discuss how Nigeria can leverage partnerships and innovative approaches to create a hunger-free future.
“By improving food production, reducing post-harvest losses and addressing climate change’s impact on agriculture, Nigeria can take decisive steps to reduce hunger and malnutrition.
“Policies aimed at strengthening the agricultural sector, boosting rural infrastructure, and providing access to financial resources for small-scale farmers will also be key discussion points during the session”, he added.
Authorities Have Arrested A Medical Doctor On Suspicion Of Child Trafficking And Forgery.
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Authorities have arrested a medical doctor on suspicion of child trafficking and forgery.
The Enugu State Police Command has apprehended Dr. Emmanuel Ogwumba, 52, from Ezimo-Agu community in Udenu Local Government Area on charges of child trafficking and fraud. This information was disclosed by the command's spokesperson, DSP Daniel Ndukwe, in Enugu on Wednesday.Ndukwe stated that officers from the anti-kidnapping unit took the suspect into custody on September 28, 2024. The arrest was made after a neighbor reported the mistreatment of her 12-year-old niece by burning her with a heater.The suspect's arrest followed the interception of a public report about an abandoned child associated with the Enugu State Ministry of Gender and Social Development, reported as OTZ boss and featured in the Daily Sun newspaper in September 27, 2024. Following his arrest, it was discovered that he was involved in the sale of children. Two women rescued a pregnant woman, a four-year-old child, and a two-year-old child."Investigations showed that the suspect, who purported to hold a degree in Medicine and Surgery from the University of Jos, runs the Chima Hospital and Maternity Hospital in Ugbaike Enugu-Ezike in Igbo-Eze North Local Government Area," Ndukwe said. "Additionally, he collaborated with ministry personnel and others between 2017 and 2024, overseeing family care and delivering seven babies from different mothers at the hospital."Ndukwe also revealed that the suspect possessed various documents from the Ministry of Gender and importation certificates from the Enugu State Department of Environment and Mineral Resources.
Ndume, A Former Chairman Of The Senate Committee On Army, Emphasized That The Nigerian Military Is Inadequately Equipped And Lacks The Resources
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Ndume, a former chairman of the Senate Committee on Army, emphasized that the Nigerian military is inadequately equipped and lacks the resources to eliminate Boko Haram or banditry. He also refuted claims on social media that his convoy was ambushed by suspected terrorists. The Senator, representing Southern Borno and Gwoza senatorial district, spoke at his Maiduguri residence after visiting families affected by recent terrorist attacks. Ndume recounted an incident during his visit to Ngoshe and Kirawa where his convoy received a distress call about an ambush on Cameroonian soldiers and motorists. Despite the challenges, Ndume encouraged the residents to remain resilient. He also raised concerns about potential collusion with Boko Haram and urged for better equipment and support for the military in order to effectively combat the insurgency. Governor Zulum and military forces were commended for their efforts, but Ndume stressed the need for further reinforcement and resources to tackle the ongoing security issues.
Tech Firm Commits 50% Of Book Proceeds To Support Local Tech HubsTechnology Solutions Provider
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Tech firm commits 50% of book proceeds to support local tech hubsTechnology solutions provider, Cinfores Limited, has announced an effort to back the growth of local technology hubs in Nigeria. As part of its 20th-anniversary celebration, the company has promised to dedicate 50 per cent of the earnings from the sales of its newly released book, "Grit, Grind, and Grace," to encourage innovation and offer resources for tech entrepreneurs and startups.The book, which documents Cinfores' journey as an IT pioneer in the Nigerian market, aims to motivate and empower aspiring tech innovators. By contributing a portion of its sales to local tech hubs, the company aims to establish a more lively and sustainable technology ecosystem.CEO of Cinfores Limited, Mr. Ibifuro Asawo, expressed: "We believe that supporting local tech hubs is essential for propelling innovation and economic development in Nigeria. By providing resources and guidance, we can assist the next generation of technology entrepreneurs."Cinfores has a rich history of involvement in the Nigerian technology sector. The company's innovative products, including tax management solutions, TaMiS, court management system, CoMiS and BrainFriend software, have been embraced by numerous organizations nationwide.We are marking the 20th anniversary of the launch of Sukulu, a new initiative intended to enrich the educational experience and deliver flexible access to learning. This initiative showcases Cinfore's dedication to empowering individuals and communities through technology.
Shares of KinderCare Learning Companies (KLC) surged on their first day of trading Wednesday after the firm raised $576 million in an initial public offering (IPO).
The operator of child-care centers announced Tuesday night that it had sold 24 million shares at $24 each, near the low end of its estimated range of $23 to $27 per share. In addition, the underwriters have a 30-day option to purchase an additional 3.6 million shares at the IPO price.
Shares recently were trading up more than 9% at $26.25.
The company noted that it would use the money "to repay amounts outstanding under its existing indebtedness and pay expenses." In an earlier regulatory filing, KinderCare said it had $548.4 million in loans outstanding and $7.3 million in other expenses.
In the same filing, it reported it had revenue of $2.5 billion in fiscal 2023, and net income of $102.6 million.
This was the second attempt by the company to go public. It abruptly pulled its planned IPO in November 2021, citing "regulatory delays."
KinderCare Learning Companies are trading on the New York Stock Exchange (NYSE) under the ticker symbol "KLC."
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