Latest news with #DadoRuvic
The Star
8 hours ago
- Business
- The Star
OpenAI turns to Google's AI chips to power its products, The Information reports
FILE PHOTO: OpenAI logo is seen in this illustration created on May 20, 2024. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) -OpenAI has recently begun renting Google's artificial intelligence chips to power ChatGPT and other products, The Information reported on Friday, citing a person involved in the arrangement. The move, which marks the first time OpenAI has used non-Nvidia chips in a meaningful way, shows the Sam Altman-led company's shift away from relying on backer Microsoft's data centers, potentially boosting Google's tensor processing units (TPUs) as a cheaper alternative to Nvidia's graphics processing units (GPUs), the report said. As one of the largest purchasers of Nvidia's GPUs, OpenAI uses AI chips to train models and also for inference computing, a process in which an AI model uses its trained knowledge to make predictions or decisions based on new information. OpenAI hopes the TPUs, which it rents through Google Cloud, will help lower the cost of inference, according to the report. However, Google, an OpenAI competitor in the AI race, is not renting its most powerful TPUs to its rival, The Information said, citing a Google Cloud employee. Both OpenAI and Google did not immediately respond to Reuters requests for comment. OpenAI planned to add Google Cloud service to meet its growing needs for computing capacity, Reuters had exclusively reported earlier this month, marking a surprising collaboration between two prominent competitors in the AI sector. For Google, the deal comes as it is expanding external availability of its in-house TPUs, which were historically reserved for internal use. That helped Google win customers including Big Tech player Apple as well as startups like Anthropic and Safe Superintelligence, two OpenAI competitors launched by former OpenAI leaders. (Reporting by Juby Babu in Mexico City; Editing by Alan Barona)
Economic Times
11 hours ago
- Business
- Economic Times
Social Security $600 Bonus Payment in July: Is it real or fake? Here's what SSA says
Reuters United States Social Security Administration logo and U.S. flag are seen in this illustration. (REUTERS/Dado Ruvic/Illustration/File Photo) Many online claims have surfaced about a $600 bonus being added to Social Security payments in July 2025. These claims are circulating widely on platforms like TikTok and Facebook. However, the Social Security Administration (SSA) has made no such announcement. The misunderstanding appears to be based on confusion about the annual Cost of Living Adjustment (COLA).Social media posts have stated that SSA has approved a $600 payment for all Social Security beneficiaries. These claims say the payments will start in June 2025 and are meant to offset rising living costs. The rumor has spread fast and reached many users on Facebook and TikTok. Many users believe the payment will automatically appear in their bank accounts along with regular monthly deposits. The content claims these bonus checks are new and separate from the usual adjustments. Also Read: Supreme Court Key Rulings: All details about birthright citizenship, Obamacare task force, LGBTQ school books The SSA has issued no official statement approving a new $600 bonus payment. The administration has not introduced any special increase for July. There is no such program in the current schedule. The $600 figure seems to come from confusion over the COLA adjustment. COLA is calculated each year and spread across monthly payments. It is not sent as a single one-time stands for Cost of Living Adjustment. It helps Social Security beneficiaries keep up with inflation. The SSA calculates this using inflation data from the Consumer Price Index for Urban Wage Earners and Clerical review takes place from July to September each year. The rate is announced in October and takes effect from January of the next 2025, the COLA increase is 2.5%. If a person receives $2,000 in monthly benefits, this means a $50 increase per month. Over 12 months, the total increase becomes $600. Also Read: Squid Game Season 3 Ending: Who is Front Man and who wins the game? Here's new twist in last episode The increase linked to COLA already started in January 2025. Beneficiaries have received the raised amount in their monthly checks since then. The timing mentioned in the online posts does not match actual payment is no extra money being sent in July. What people are calling a 'bonus' is simply the total yearly increase due to the COLA have used this confusion to trick beneficiaries. Some people have been asked to share personal details like Social Security numbers and bank account information. There are also reports of fraud targeting Medicare SSA warns all recipients not to trust unverified sources and to avoid sharing personal data online or over the phone unless certain of the contact's ensures that government payments like Social Security, Supplemental Security Income (SSI), Social Security Disability Insurance (SSDI), and Veterans Affairs (VA) benefits keep up with 2025 increase is expected to give an average boost of $47 per month. In total, this is around $564 for the year. Some people with higher benefits may see a yearly increase over $600. But most recipients will get less. Retirees will also face increased Medicare premiums. The COLA adjustment may only balance rising costs, not raise disposable income. Is there a $600 Social Security bonus in July 2025? No, the SSA has not approved any $600 bonus. The confusion comes from the annual COLA increase already applied since January. How is the COLA increase applied to Social Security benefits? The COLA increase is spread monthly. A 2.5% hike in 2025 gives around $47 more per month for average retirees.
Straits Times
15 hours ago
- Health
- Straits Times
WHO says probe into COVID-19 virus origin still ongoing
FILE PHOTO: A test tube labelled \"COVID-19 Test Positive\" and a vial labelled \"VACCINE Coronavirus COVID-19\" are seen in this illustration taken December 11, 2021. REUTERS/Dado Ruvic/Illustration/File Photo WHO says probe into COVID-19 virus origin still ongoing The World Health Organization said on Friday that efforts to determine the origins of SARS-CoV-2, the virus that caused the COVID-19 pandemic, are still ongoing and incomplete. The WHO Scientific Advisory Group reported progress in understanding COVID-19's origins but noted that critical information required to fully assess all hypotheses remains unavailable. The agency said it had requested China share hundreds of genetic sequences from COVID-19 patients early in the pandemic, detailed information on animals sold at Wuhan markets, and details on research and biosafety conditions at Wuhan laboratories. WHO added that China has not yet shared the information. China's foreign ministry did not immediately respond to a Reuters request for comment. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
The Star
a day ago
- The Star
Dutch government commits 70 million euros for AI factory
FILE PHOTO: FILE PHOTO: Figurines with computers and smartphones are seen in front of the words "Artificial Intelligence AI" in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
The Standard
a day ago
- General
- The Standard
Japan to impose 95.2pc anti-dumping duties on China's graphite electrodes until 2030
Printed Chinese and Japanese flags are seen in this illustration, July 21, 2022. REUTERS/Dado Ruvic/Illustration/ File Photo
