Chiefs defeat Brumbies 37-17
Herald NOW: Daily Sports Update: June 13 2025
Air NZ CEO Greg Foran speaks with Ryan Bridge on Herald NOW after Air India crash
Herald NOW: Daily News Update: June 13 2025
I'm in Texas to visit Amazon Web Service's computer chip design lab to see how it's preparing for an AI compute boom and competing with Nvidia.
Officials say the Boeing 787 aircraft had 242 passengers and crew on board when the accident occurred.
The ute careens out of the off-ramp onto Ngauranga Gorge, clipping a car travelling on SH1. Video / Luke Drabble
Footage captures lengthy queues for those heading home from Wellington CBD tonight after a crash on Ngauranga Gorge. Video / NZ Transport Agency Waka Kotahi
Animal skulls, flesh-eating beetles and good honest pessimism: the life and work of Bruce Mahalski. Video / Frank Film
MetService Severe weather - 12-14 June. Video / MetService
Anti-ICE demonstrations continued across several American cities and Finance Minister Nicola Willis criticised the Reserve Bank over Adrian Orr's resignation.
Fire and Emergency received a call for a house fire on Bucklands Beach Road at 8.40pm on Wednesday. Video / NZ Herald
Emergency services rushed to the South Auckland suburb of Favona after a freight train and truck collided yesterday around 7:45pm. Video / NZ Herald
The co-owner of the first PAK'nSAVE on 40 years of serving communities.
Behind the scenes at the Smokefree Rockquest Regional Finals in Manawatū.
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RNZ News
4 hours ago
- RNZ News
Nvidia briefly on track to become world's most valuable company ever
By Noel Randewich and Shashwat Chauhan , Reuters The Nvidia logo on a mobile phone, on 31 January, 2025. Photo: AFP/ Beata Zawrzel Nvidia (NVDA.O), opens new tab hit a market value of US$3.92 trillion, briefly putting it on track to become the most valuable company in history, as Wall Street doubled down on optimism about AI. Shares of the leading designer of high-end AI chips rose as much as 2.4 percent to US$160.98 in morning trading, giving the company a higher market capitalization than Apple's (AAPL.O), opens new tab record closing value of US$3.915 trillion on 26 December, 2024. The shares were last up 1.5 percent at $159.60, leaving Nvidia's stock market value at $3.89 trillion, just short of Apple's record. Nvidia's newest chips have made gains in training the largest artificial-intelligence models, fueling demand for products by the Santa Clara, California, company. Microsoft (MSFT.O), opens new tab is currently the second-most valuable company on Wall Street, with a market capitalisation of $3.7 trillion as its shares rose 1.7 percent to $499.56. Apple rose 0.8 percent, giving it a market value of $3.19 trillion, in third place. A race among Microsoft, (AMZN.O), opens new tab, Meta Platforms (META.O), opens new tab, Alphabet (GOOGL.O), opens new tab and Tesla (TSLA.O), opens new tab to build AI data centers and dominate the emerging technology has fueled insatiable demand for Nvidia's high-end processors. "When the first company crossed a trillion dollars, it was amazing. And now you're talking four trillion, which is just incredible. It tells you that there's this huge rush with AI spending and everybody's chasing it right now," said Joe Saluzzi, co-manager of trading at Themis Trading. The stock market value of Nvidia, whose core technology was developed to power video games, has increased nearly eight-fold over the past four years, from $500 billion in 2021 to now near $4 trillion. Nvidia is now worth more than the combined value of the Canadian and Mexican stock markets, according to LSEG data. The tech company also exceeds the total value of all publicly listed companies in the United Kingdom. Nvidia recently traded at about 32 times analysts' expected earnings for the next 12 months, below its average of about 41 over the past five years, according to LSEG data. That relatively modest price-to-earnings valuation reflects steadily increasing earnings estimates that have outpaced Nvidia's sizable stock gains. The company's stock has now rebounded more than 68 percent from its recent closing low on 4 April, when Wall Street was reeling from President Donald Trump's global tariff announcements. US stocks, including Nvidia, have recovered on expectations that the White House will cement trade deals to soften Trump's tariffs. Nvidia's swelling market capitalization underscores Wall Street's big bets on the proliferation of generative AI technology, with the chipmaker's hardware serving as the foundation. The sharp increases in the shares of Nvidia and other Wall Street heavyweights have left people who save for their retirements through widely used S&P 500 index funds heavily exposed to the future of AI technology. Nvidia now accounts for 7 percent of the S&P 500 (.SPX), opens new tab. Nvidia, Microsoft, Apple, Amazon and Alphabet together make up 28 percent of the index. "I strongly believe that AI is a greatly productive tool, but I am fairly sure that the current delivery of AI via large language models and large reasoning models are unlikely to live up to the hype," cautioned Kim Forrest, chief investment officer at Bokeh Capital Partners. Co-founded in 1993 by CEO Jensen Huang, Nvidia has evolved from a niche company popular among video game enthusiasts into Wall Street's barometer for the AI industry. The stock's recent rally comes after a slow first half of the year, when investor optimism about AI took a back seat to worries about tariffs and Trump's trade dispute with Beijing. Chinese startup DeepSeek in January triggered a selloff in global equities markets with a cut-price AI model that outperformed many Western competitors and sparked speculation that companies might spend less on high-end processors. In November of last year, Nvidia took over the spot on the Dow Jones Industrial Average formerly occupied by chipmaker Intel (INTC.O), opens new tab, reflecting a major shift in the semiconductor industry toward AI-linked development and the graphics processing hardware pioneered by Nvidia. - Reuters
Scoop
5 hours ago
- Scoop
Forever-Occupation, Genocide, And Profit: Report Exposes Corporate Forces Behind Destruction Of Palestine
GENEVA (3 July 2025) – Israel's genocide against Palestinians is being sustained by a system of exploitative occupation and profit, a UN expert warned today in a new report to the Human Rights Council that reveals how corporate profiteering and monetary gain has enabled and legitimised Israel's illegal presence and actions. 'In the past 21 months, while Israel's genocide has devastated Palestinian lives and landscapes, the Tel Aviv stock exchange soared by 213 percent (USD), amassing $225.7 billion in market gains—including $67.8 billion in the past month alone. For some, genocide is profitable,' said Francesca Albanese, the UN Special Rapporteur on the situation of human rights in the Palestinian territory occupied since 1967. Albanese's report exposes the corporate infrastructure profiting from Israel's economy of occupation — and its deadly transformation into an economy of genocide. The report underscores how Palestine has become the epicentre of a global reckoning, exposing the failure of international business and legal systems to uphold even the most basic rights of one of the world's most dispossessed peoples. 'Corporate actors are deeply entwined in the system of occupation, apartheid and genocide in the occupied Palestinian territory,' the Special Rapporteur said. 'For decades, Israel's repression of Palestinian people has been scaffolded by corporations, fully aware of and yet indifferent to, decades of human rights violations and international crimes.' Forty-eight separate corporate actors, along with their parents, subsidiaries, franchisees, licensees and consortium partners across sectors are identified in the Special Rapporteur's report, including weapons manufacturers, technological corporations, financial institutions and construction and energy firms. Albanese found that these entities have failed their most basic legal responsibilities to exercise their leverage to bring an end to the violation at stake or terminate relations and disengage. Instead, they have treated Israel's illegal enterprise in the occupied Palestinian territory as ordinary economic activity—wilfully ignoring documented, systemic abuses, even as atrocities mounted after 7 October 2023. 'These actors have entrenched and expanded Israel's settler-colonial logic of displacement and replacement – and this is not accidental,' the Special Rapporteur said. 'It is the function of an economy built to dominate, dispossess, and erase Palestinians from their land.' The report named companies supplying F-35s, drones, and targeting tech that enabled 85,000 tons of bombs – six times the amount of Hiroshima – to be unleashed on Gaza. It highlighted tech giants that have set up R&D hubs and data centres in Israel, using Palestinian data for AI warfare, fueling what Albanese calls a 'livestreamed genocide.' The report points to energy giants having fuelled Israel's blockade, while construction companies continued to supply the equipment that has turned Gaza to rubble and prevented the return and reconstitution of Palestinian life. Even seemingly neutral actors – tourism sites, supermarkets, and universities are normalising apartheid and the systematic erasure of Palestinian life, the Special Rapporteur's report found. 'This report shows why Israel's genocide continues: because it is lucrative for many,' Albanese said. She warned that the International Court of Justice 2024 rulings and the ICC arrest warrants should have put all actors—including corporations—on notice. 'The serious, structural and sustained nature of Israel's crimes and violations triggered a prima facie responsibility to disengage — one that many corporations ignored,' she said. 'Corporate fixation on narrow technicalities and isolated violations rather than confronting the structural illegality of their ties to Israel's occupation is disingenuous,' she said. Albanese urged member states to impose a full arms embargo, suspend trade and investment agreements, and hold corporate entities accountable for violations of international law. 'Meanwhile, corporations cannot claim neutrality: they are either part of the machinery of displacement—or part of dismantling it.' 'Palestine is a mirror held up to the world's moral and political failures,' she said. Recalling reckonings over corporate complicity in apartheid South Africa and Nazi Germany, Albanese said Palestine today represents a defining moment of whether global markets can exist without promoting and profiting from injustice and impunity. 'Ending this genocide requires not only outrage but rupture, reckoning, and the courage to dismantle what enables it.'
Techday NZ
a day ago
- Techday NZ
Ingram Micro launches Xvantage AI support for partners in ANZ
Ingram Micro has introduced the XvantageTM Enable | AI programme across Australia and New Zealand, aiming to provide structured support for customers and vendors seeking to adopt and scale AI-powered services and solutions. The XvantageTM Enable | AI offering comes as part of Ingram Micro's digital platform and features a combination of assessments, educational resources and vendor-specific enablement to assist technology partners through various stages of artificial intelligence adoption. The initiative is designed to help businesses improve customer experience, productivity and security using AI-enhanced technologies. According to Hope McGarry, Executive Managing Director, Australia at Ingram Micro, the programme is intended to demystify the process of bringing AI into existing operations while supporting partners with hands-on guidance and resources. McGarry stated: "At Ingram Micro, we're proud to support our partners through XvantageTM Enable | AI, a dynamic enablement program designed to accelerate AI adoption and drive real business outcomes. Whether you're just beginning your AI journey or scaling advanced solutions, our platform empowers you with curated learning paths, hands-on use cases, and seamless access to leading technologies. From intelligent automation to AI-enhanced cybersecurity and productivity, we're here to help you take advantage of the full potential of AI." The programme delivers several key resources for partners within the channel ecosystem, including AI Maturity Assessments, which help businesses evaluate their preparedness for adopting AI and uncover skill or capability gaps. Additionally, AI Basecamps offer foundational knowledge to enable effective delivery, and AI Growth Tracks provide step-by-step enablement alongside major technology vendors. Partners also have access to mission-specific data and AI services for secure and relevant data strategies, and immediate access to global centres of excellence for showcasing AI value to clients. Vanessa Sorenson, Chief Partner Officer ANZ at Microsoft, commented on the integration of the programme into partner offerings and its applicability across different experience levels and use cases, stating: "Ingram Micro's XvantageTM Enable | AI takes channel partner enablement to a new level with automated learning journeys and high-impact AI use cases across a variety of domains and lines of business. Regardless of the level of experience, Ingram Micro's program enables partners to deploy AI solutions from workplace productivity with Microsoft 365 Copilot to building AI Agents in Copilot Studio or implementing Intelligent Document Processing with Microsoft Azure AI services." The XvantageTM Enable | AI programme also covers AI-driven security solutions, providing a channel for partners to access, sell and deploy security offerings from leading vendors. Janet Docherty, Director, Channel and Alliances, ANZ, Palo Alto Networks, said: "XvantageTM Enable | AI provides Ingram Micro partners with a streamlined path to successfully sell and implement Palo Alto Networks' comprehensive AI-driven security portfolio. This program is key to empowering partners of all experience levels to maximise their opportunities and drive significant growth in the AI security market." With the broader release of XvantageTM Enable | AI in the Australian and New Zealand markets, Ingram Micro is targeting technology providers across the region, offering tailored engagement regardless of a partner's AI maturity or experience level. The programme is structured to address initial understanding through foundational learning, as well as advanced deployment of AI-enhanced business processes and security models. The initiative underscores the growing emphasis on AI as a driver of productivity, operational efficiency and risk management in the channel sector, with Ingram Micro's platform providing partners access to a blend of technical education, vendor collaboration and direct support in advancing market offerings. Follow us on: Share on:
