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Instablog9ja
18 m
9
Reno Omokri has revealed that T-Pain should stand for Temporary P+in, because in life, you often have to grow through p+in to achieve gain. There is no permanent gain without some T-Pain.
He said Nigeria is currently going through a necessary phase of pressure that will result in an accessory state of treasure.
The Southeast Asian nations experiencing economic strides today went through this Temporary P@in stage yesterday. It is inescapable for a country that wants to clique jump from Third World to First.
He supported these reforms, and if we are to be intellectually honest, when you look at the manifestoes of both the Peoples Democratic Party and the Labour Party, everything this administration is doing is what we all said we would do if we won the 2023 election. Float the Naira, remove fuel subsidy, and devolve power to states and local governments. T-P@in is Temporary-P@in. There is no permanent gain without some T-Pain.
AMD Launches New AI Chips To Meet ‘Insatiable’ AI Demand
Advanced Micro Devices (AMD) Unveil...
Investopedia
19 m
15
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Advanced Micro Devices (AMD) unveiled its next generation of artificial intelligence (AI) chips at its Advancing AI event on Thursday, though shares fell after the announcements, with analysts suggesting investors may have been looking for more from the chipmaker.
AMD announced its fifth-generation EPYC server processor, which CEO Lisa Su said delivers dramatically more power than its predecessor, and new Ryzen AI PRO processors for enterprise AI. The company also showed off its latest Instinct MI300X series GPU, the MI325X, with production set begin in the fourth quarter and availability for AMD's partners in the first quarter of 2025.
The new products come as demand for AI chips grows, and could help AMD expand its market share. AMD said its market share for its EPYC server processors hit a new high of 34% at the end of the second quarter, and could continue to climb with its next generation of products.
Analysts suggested ahead of the event that it could be a "catch-up" catalyst for AMD to expand its slice of the market, after a strong start to the year with data center sales hitting a record high in the second quarter.
Su also highlighted the chipmaker's partnerships with Oracle (ORCL), Alphabet's (GOOGL) Google, Meta (META), and Microsoft (MSFT) at the event.
Kevin Salvadori, Meta’s VP for infrastructure and engineering, said that the company’s work on generative AI has made use of more than 1.5 million of AMD's EPYC CPUs and utilized Instinct GPUs for projects such as developing its Llama large language model. Oracle SVP Karan Batta added that AMD's Instinct GPUs have delivered strong performance for the company, and Google Cloud VP Amin Vahdat called the demand for AI computing power "insatiable."
The event did little to benefit AMD's stock price, however. Shares fell 4% Thursday to close at $164.18. Jefferies and Wedbush analysts suggested investors may have been looking for clearer signs of competition with Nvidia (NVDA), an outlook boost, or new customer announcement.
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Instablog9ja
1 h
12
Lagos Police PRO, Benjamin Hundeyin, has appreciated the hospital caring for Oloba Salo for not requesting a police report before treating his g¥nshøt wo¥nds.
He said special appreciation and commendation to Evercare Hospital, Lekki for promptly accepting/commencing medical treatment of g¥nshot victim, Ojesanmi Afeez aka Oloba Salo, and equally promptly notifying the Police. This is the way to go in line with the Compulsory Treatment and Care of Victims of G¥nshots Act and he urged hospitals to stop rejecting g¥nshot victims.
Investopedia
1 h
10
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Hewlett Packard Enterprise (HPE) announced new servers designed to support artificial intelligence (AI) clusters used for tasks like training large language models.
The company said its ProLiant Compute XD685 is meant to address the needs of large AI model builders, including governments and enterprise clients.
The system is powered by the new fifth-generation EPYC processors and Instinct MI325X accelerators from Advanced Micro Devices (AMD), which the chipmaker unveiled Thursday at its Advancing AI event.
The ProLiant Compute XD685 is available to order now, and will become generally available in the first quarter of 2025, HP Enterprise said.
HP Enterprise could stand to benefit from the growing demand for powerful AI server racks, due in large part to its liquid cooling technology, Bank of America analysts said Tuesday, ahead of the announcement. Larger, more dense data centers require liquid cooling to maintain their temperature.
“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.
Shares of HP Enterprise slid 1.5% to $20.54 Thursday, but are up over 20% for 2024 so far.
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Instablog9ja
2 hrs
13
The Sultan of Sokoto, Alhaji Sa’ad Abubakar III, has urged Nigerians to refrain from c¥r§ing their leaders, advocates instead for a culture of prayer, even in challenging times.
The Sultan made this known during a public lecture and special book presentation held at the University of Ilorin on Thursday, where he honoured Professor Is’haq Oloyede, the outgoing Registrar of the Joint Admission and Matriculation Board (JAMB), who recently celebrated his 70th birthday. The event featured the presentation of two books dedicated to Professor Oloyede: “Islamics, Scholarship and Service to Society: A Festschrift for Is’haq Olarewaju Oloyede” and “Glimpses into the Giant: A Tapestry of Tributes to Prof. Is’haq Oloyede at 70.”
The works reflect Oloyede’s contributions to academia and society, and the programme was organised by the KU8+ Consortium of Universities in Kwara State, where he serves as the director of the Board of Trustees. In his address, the Sultan emphasised the importance of maintaining respect for leadership, regardless of political circumstances.
Nigeria is currently going through its arguably its worst economic crisis occasioned by the policies of President Bola Tinubu, which include ending the fuel subsidy regime and floating exchange rate. “Don’t c¥rse your leaders, no matter how bad they may be, but pray for them,” he stated.
He further encouraged Nigerians to abstain from negative speech about their leaders, asserting that even leaders who may appear ineffective deserve the goodwill and prayers of their constituents. “Pray for your leaders, for Almighty Allah can guide them to change for the better, allowing you to enjoy their leadership. Avoid condemning them; regardless of their faults, they deserve your prayers,” advised the Sultan, head of the Muslim Community in the country.
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Investopedia
2 hrs
11
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Major U.S. equities indexes lost ground after the latest Consumer Price Index report showed greater-than-expected price increases in September, driven by an uptick in grocery prices.
In addition to weighing on household budgets, the hot inflation data could constrain the Federal Reserve as policymakers deliberate over further interest-rate cuts.
The S&P 500 fell 0.2% on Thursday, while the Dow was down 0.1%. Both indexes receded from record closes posted in the previous session. The tech-heavy Nasdaq also retreated, though it fared slightly better, closing with a minimal daily loss of less than 0.1%.
Shares of solar panel producer First Solar (FSLR) plunged 9.3%, the most of any S&P 500 constituent, after Jefferies reduced its price target on the stock to $266 from $271. Research analysts warned of potential delays that could restrain First Solar's volumes in the current quarter and those to come. Other solar industry stocks also moved lower: Shares of solar technology firm Enphase Energy (ENPH) slipped 5.8%.
Semiconductor manufacturer Advanced Micro Devices (AMD) unveiled new artificial intelligence (AI) chips at its "Advancing AI 2024" event in San Francisco on Thursday. Its shares dropped 4%, with some analysts suggesting that its presentation may not have been sufficient to convince investors that its new products will be able to compete with AI chips from Nvidia (NVDA).
Shares of Generac Holdings (GNRC), which provides home generators and other power solutions, fell 3.5% as Hurricane Milton moved through Florida. Thursday's downturn reversed a portion of the gains posted by the stock ahead of the storm.
The day's strongest performance in the S&P 500 belonged to shares of cybersecurity firm CrowdStrike Holdings (CRWD), which climbed 5.6% after RBC Capital included the stock on its list of top picks in the software space. Analysts believe the company is successfully moving past an incident in July when a faulty software update caused widespread IT outages around the world.
Shares of fertilizer maker Mosaic Co. (MOS) gained 4.4%. Based in Tampa, Fla., Mosaic faced uncertainties about the potential impact of Hurricane Milton on its operations. The company said Thursday that it will begin to assess the impact of the storm as soon as conditions allow.
Shares of Micron Technology (MU) shares added 3.9%. Although AMD's AI event may have failed to generate much investor enthusiasm, its new chips included more memory than previous products, underlining the importance of high-bandwidth memory for AI processes. Micron, which manufactures memory chips, is a partner of AMD.
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