NVIDIA, the graphics processing unit (GPU) giant, has experienced a remarkable journey in the past decade, fueled by the rise of artificial intelligence (AI). This article explores the company’s valuation trajectory from 2012 to 2023, analyzing how the development of AI has impacted its financial performance and market perception. Early Days: Building the Foundation (2012-2015)...
History made! After 50 years, an American spacecraft, the Nova-C lander, successfully landed on the moon’s south pole. This historic feat, achieved by private company Intuitive Machines, marks a major step towards NASA’s Artemis program to return astronauts to the moon. While initial concerns arose due to malfunctioning sensors, quick reactions and a backup NASA...
Guangzhou, China – A devastating bridge collapse in Guangzhou’s Nansha district has claimed the lives of five individuals and left two injured. The incident, which occurred on February 22nd at 5:31 AM, also temporarily isolated the nearby Sanmin Island, impacting its residents. The Lixinsha Bridge collapsed after the container ship “Lianghui 688” made improper maneuvers,...
Hong Kong’s “Top Talent Pass Scheme” is attracting high-skilled professionals with lucrative salaries, but questions linger about its long-term sustainability. Launched in December 2022 to counter emigration and bolster growth, the scheme boasts impressive initial results. The program has attracted over 70,000 applications, with nearly 79% approved and 73% already arriving in the city. These...
A cargo ship collided with the Lixinsha Bridge in Guangzhou, southern China, on Thursday morning, causing a partial collapse and sending vehicles plummeting into the Pearl River below. Authorities are currently managing traffic and investigating the incident, but details about potential casualties remain unclear. Images from state media show the bridge fractured, with the ship...
Chinese banks doled out a record 4.92 trillion yuan (US$684 billion) in new loans in January, marking the highest monthly figure ever and signaling Beijing’s intent to bolster the slowing economy. This figure surpasses the previous January record of 4.9 trillion yuan and December’s much lower 1.17 trillion yuan, exceeding even analyst expectations of 4.67...
Imagine packing 10,000 times more data than a Blu-ray Disc onto a device no bigger than a DVD. This isn’t science fiction; it’s the groundbreaking achievement of a Chinese research team, and its implications extend far beyond simply shrinking data centers. This innovation opens doors to a greener, more efficient, and fundamentally transformed future of...
Hong Kong’s bankers enjoy significantly higher salaries compared to their counterparts in Singapore. A recent report by Bloomberg Intelligence revealed that Hong Kong-based investment banking analysts earn an average of 46% more than their peers in the Lion City. This trend extends to associates, who command nearly 36% higher salaries in Hong Kong. Several factors...
Despite ongoing trade tensions, American companies remain surprisingly keen to manufacture in China. This seemingly counterintuitive trend reflects the complex reality of globalized supply chains and China’s enduring strengths in certain sectors. While headlines often focus on companies moving production out of China, the reality is nuanced. Many U.S. firms still rely heavily on Chinese...
As China’s e-commerce titans continue their global expansion, JD.com has set its sights on the UK with a potential takeover bid for electronics retailer Currys. This move could mark a significant shake-up in the British retail landscape, raising questions about competition, consumer benefits, and China’s growing influence in the international marketplace. Currys, currently the UK’s...