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In Bologna, Italy, supercomputers inside a former tobacco factory crunch weather data daily to help energy traders make informed decisions. However, a new AI model developed by the European Centre for Medium-Range Weather Forecasts (ECMWF) is changing the game. This AI model not only uses real-time data but also incorporates historical information, resulting in more accurate predictions of temperature, precipitation, wind, and tropical cyclones. The model consumes less...
Hewlett Packard Enterprise (HPE) saw its shares plummet by 20% in premarket trading on Friday after the company revealed that its annual profit outlook would be impacted by recently imposed U.S. tariffs. This setback comes as the AI-server manufacturer navigates an intensely competitive market. New tariff measures introduced by the U.S. government have complicated supply chains. A 25% duty now applies to aluminium and steel imports from Canada...
A major aluminium producer has proposed a 14% hike in premiums for primary aluminium shipments to Japan for the April-June quarter. The suggested premium now stands at $260 per metric ton, compared to $228 in the previous quarter, sources familiar with the negotiations reported. This increase reflects growing uncertainties around supply dynamics in the global aluminium market. Japan plays a crucial role as one of Asia’s leading importers...
The value of the U.S. dollar has sharply declined over the past few days, hitting its lowest point in nearly four months against the euro. The dollar has also weakened against other major currencies. By Wednesday, the exchange rate had climbed from 1.038 dollars per euro to over 1.07 dollars per euro, marking a 3% decrease in the dollar’s value in just a few days. Economic instability in...
Samsung Electronics has partnered with Amazon Web Services (AWS) to showcase the application of AI in radio access networks (RAN) at the Mobile World Congress (MWC) in Barcelona, Spain. This collaboration features the Samsung CognitiV Network Operations Suite (NOS) Copilot, an advanced AI assistant integrated within Samsung’s automation platform. Utilizing Amazon Bedrock, a managed service for building and scaling generative AI applications, the Samsung CognitiV NOS Copilot streamlines...
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