FMC to launch restructuring plan, targets plant closures and Asia cost cuts

FMC to launch restructuring plan, targets plant closures and Asia cost cuts

[ad_1] [BENGALURU] Agrichemicals firm FMC said on Friday (Dec 12) that its board has approved a restructuring plan, aimed at cutting costs, shutting down high-cost plants and shifting production to lower-cost locations. FMC, a key player in the insecticide and fungicide market, has been facing intensified competition in key markets, prompting it to reduce prices…

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Chinese AI euphoria obscures a gloomier technological reality

Chinese AI euphoria obscures a gloomier technological reality

[ad_1] Washington and its allies are not supplying the country with the gear required to make the most sophisticated AI chips [TAIPEI] Moore Threads Technology’s phenomenal debut this month, China’s most successful coming-out party since 2019, capped a year in which investors have grown increasingly excited about the prospects for the country’s artificial intelligence (AI)…

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Dexter Lawrence added to Giants’ long injury report ahead of Week 15

Dexter Lawrence added to Giants’ long injury report ahead of Week 15

[ad_1] Nothing says it’s late in the season for a team out of playoff contention quite like a lengthy injury report. The Giants ruled out five players for Sunday’s game against the Commanders: DT Rakeem Nuñez-Roches Sr. (ankle), OLB Kayvon Thibodeaux (shoulder), WR Beaux Collins (neck/concussion), OLB Victor Dimukeje (knee) and CB Nic Jones (shoulder).…

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Bitcoin hoarding company Strategy remains in Nasdaq 100

Bitcoin hoarding company Strategy remains in Nasdaq 100

[ad_1] [BENGALURU] Bitcoin hoarding giant Strategy clung to its place in the Nasdaq 100 on Friday (Dec 12), continuing its year-long stint in the benchmark at a time where analysts have raised questions over its business model. Some market watchers have suggested Strategy’s pioneering business model of buying and holding bitcoin, which has spawned dozens…

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Homeless woman accused of stabbing tourist inside NYC Macy’s bathroom was released from psych hospital morning of attack

Homeless woman accused of stabbing tourist inside NYC Macy’s bathroom was released from psych hospital morning of attack

[ad_1] The unhinged homeless woman accused of stabbing a tourist at Macy’s Herald Square had bought the knife she used in the store — and had once threatened to murder Sen. Elizabeth Warren, prosecutors revealed at her arraignment Friday. Kerri Aherne was arrested and charged with attempted murder for the alleged attack at Macy’s during…

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Intel nears US$1.6 billion deal for AI chip startup SambaNova

Intel nears US.6 billion deal for AI chip startup SambaNova

[ad_1] [NEW YORK] Intel is in advanced talks to acquire artificial intelligence (AI) chip startup SambaNova Systems for about US$1.6 billion, including debt, according to sources familiar with the matter. A deal for Palo Alto, California-based SambaNova could come together as soon as next month, said the sources, who asked not to be identified because…

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Oracle denies report on OpenAI data centre delays

Oracle denies report on OpenAI data centre delays

[ad_1] [BENGALURU] Oracle denied on Friday (Dec 12) a media report that it was delaying OpenAI-related data centres, following investor worries over its debt-fuelled artificial intelligence (AI) infrastructure buildout. Bloomberg News had earlier in the day reported that Oracle had pushed back the completion dates for some data centres it is developing for OpenAI to…

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Longtime Utah football coach Kyle Whittingham stepping down

Longtime Utah football coach Kyle Whittingham stepping down

[ad_1] The Kyle Whittingham era in Utah is over.  The longtime Utes football head coach is stepping down before his team takes on Nebraska in the Las Vegas Bowl on New Year’s Eve, according to ESPN’s Pete Thamel.  “The time is right to step down from my position as the head football coach at the…

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