Latest news with #AlySong
The Standard
11-07-2025
- Business
- The Standard
China sets its first renewable standards for steel, cement and polysilicon
An employee walks past rolled steel at a port during a government-organised media tour to Baoshan Iron & Steel Co., Ltd. (Baosteel), a subsidiary of China Baowu Steel Group, in Shanghai, China September 16, 2022. REUTERS/Aly Song/File Photo
The Star
02-07-2025
- Business
- The Star
Alibaba Cloud announces new data centres in Malaysia, the Philippines
Alibaba Group sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song/File Photo BEIJING Alibaba Cloud, the cloud computing arm of Chinese tech giant Alibaba Group, announced the opening of its third data centre in Malaysia on Tuesday and disclosed plans to launch a second data centre in the Philippines in October, according to a statement released on Wednesday. The expansion ensures that Alibaba Cloud can meet the rising global demand for secure, resilient and scalable cloud services, the company said. - Reuters
The Star
26-06-2025
- Business
- The Star
Micron shares rise on bets of strong demand for AI-related memory chips
The company logo is seen on the Micron Technology Inc. offices in Shanghai, China May 25, 2023. REUTERS/Aly Song/File Photo (Reuters) -Micron Technology shares rose 2% in premarket trading on Thursday, after a robust forecast from the chipmaker for fourth-quarter revenue on booming demand for its memory chips that power AI data centers. The company saw a nearly 50% jump in sales of high-bandwidth memory (HBM) chips for the third quarter compared to the previous three months. Micron is one of the providers of HBM chips besides South Korea's SK Hynix and Samsung "AI servers are giving Micron an over-caffeinated growth spurt... (and) Micron is the only kid on the block shipping HBM3E at scale," said Michael Ashley Schulman, partner at Running Point Capital Advisors. Micron said it will continue to invest in HBM chips which reflects the growing demand from AI chip front runners - Nvidia and Advanced Micro Devices, who are customers of the company. said it expects Micron's HBM chip sales to accelerate, hitting a $8 billion annualized revenue run rate over the next one to two quarters. Micron's Chief Business Officer Sumit Sadana told Reuters the extent of tariff-related pull-ins from customers in the third quarter was fairly modest. "Strength in AI set to be a material contributor to results, we see a scenario where the narrative isn't all about tariff impacts," Morgan Stanley analysts said in a note. Following the results, at least 10 brokerages raised their price targets on the stock. Shares of peers AMD, Nvidia and Marvell Technology rose between 1-2% in premarket trading. Micron is up 51.2%, while AMD and Nvidia have gained about 19% and 15%, respectively, so far this year. Micron has a 12-month forward price-to-earnings ratio of 11.85, compared to SK Hynix's 6.48 and Samsung's 11.57. (Reporting by Akriti Shah in Bengaluru; Editing by Shailesh Kuber)
The Star
09-06-2025
- Business
- The Star
Getty's landmark UK lawsuit on copyright and AI set to begin
FILE PHOTO: An AI (Artificial Intelligence) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song/File Photo LONDON (Reuters) -Getty Images' landmark copyright lawsuit against artificial intelligence company Stability AI begins at London's High Court on Monday, with the photo provider's case likely to set a key precedent for the law on AI. The Seattle-based company, which produces editorial content and creative stock images and video, accuses Stability AI of breaching its copyright by using its images to "train" its Stable Diffusion system, which can generate images from text inputs. Getty, which is bringing a parallel lawsuit against Stability AI in the United States, says Stability AI unlawfully scraped millions of images from its websites and used them to train and develop Stable Diffusion. Stability AI – which has raised hundreds of millions of dollars in funding and in March announced investment by the world's largest advertising company, WPP – is fighting the case and denies infringing any of Getty's rights. A Stability AI spokesperson said that "the wider dispute is about technological innovation and freedom of ideas," adding: "Artists using our tools are producing works built upon collective human knowledge, which is at the core of fair use and freedom of expression." Getty's case is one of several lawsuits brought in Britain, the U.S. and elsewhere over the use of copyright-protected material to train AI models, after ChatGPT and other AI tools became widely available more than two years ago. WIDER IMPACT Creative industries are grappling with the legal and ethical implications of AI models that can produce their own work after being trained on existing material. Prominent figures including Elton John have called for greater protections for artists. Lawyers say Getty's case will have a major impact on the law, as well as potentially informing government policy on copyright protections relating to AI. "Legally, we're in uncharted territory. This case will be pivotal in setting the boundaries of the monopoly granted by UK copyright in the age of AI," Rebecca Newman, a lawyer at Addleshaw Goddard, who is not involved in the case, said. She added that a victory for Getty could mean that Stability AI and other developers will face further lawsuits. Cerys Wyn Davies, from the law firm Pinsent Masons, said the High Court's ruling "could have a major bearing on market practice and the UK's attractiveness as a jurisdiction for AI development". (Reporting by Sam Tobin; Editing by Andrew Heavens)
The Star
03-06-2025
- Business
- The Star
Cornelis Networks releases tech to speed up AI datacenter connections
FILE PHOTO: An AI (Artificial Intelligence) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song/File Photo SAN FRANCISCO (Reuters) -Cornelis Networks on Tuesday released a suite of networking hardware and software aimed at linking together up to half a million artificial intelligence chips. Cornelis, which was spun out of Intel in 2020 and is still backed by the chipmaker's venture capital fund, is targeting a problem that has bedeviledAI datacenters for much of the past decade: AI computing chips are very fast, but when many of those chips are strung together to work on big computing problems, the network links between the chips are not fast enough to keep the chips supplied with data. Nvidia took aim at that problem with its $6.9 billion purchase in 2020 of networking chip firm Mellanox, which made networking gear with a network protocol called InfiniBand, which was created in the 1990s specifically for supercomputers. Networking chip giants such as Broadcom and Cisco Systems are working to solve the same set of technical issues with Ethernet technology, which has connected most of the internet since the 1980s and is an open technology standard. The Cornelis "CN5000" networking chips usea new network technology created by Cornelis called OmniPath. The chips will ship to initial customers such as the U.S. Department of Energy in the third quarter of this year, Cornelis CEO Lisa Spelman told Reuters on May 30. Although Cornelis has backing from Intel, its chips are designed to work with AI computing chips from Nvidia, Advanced Micro Devices or any other maker using open-source software, Spelman said. She said that the next version of Cornelis chips in 2026 will also be compatible with Ethernet networks, aiming to alleviate any customer concerns that buying Cornelis chips would leave a data center locked into its technology. "There's 45-year-old architecture and a 25-year-old architecture working to solve these problems," Spelman said. "We like to offer a new way and a new path for customers that delivers you both the (computing chip) performance and excellent economic performance as well." (Reporting by Stephen Nellis in San Francisco; Editing by Leslie Adler)
