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Toronto Sun
09-07-2025
- Business
- Toronto Sun
Chipmaker Nvidia becomes most valuable company in the world at $4 trillion
Published Jul 09, 2025 • 1 minute read A sign for a Nvidia office building is shown in Santa Clara, Calif., Wednesday, Aug. 7, 2024. Photo by Jeff Chiu / THE ASSOCIATED PRESS NEW YORK — Chipmaker Nvidia became the first public company to top $4 trillion in value on Wednesday after two-year investor frenzy. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Nvidia shares rose 2.5%, or $3.97, in early trading Wednesday, topping $164 each. At the beginning of 2023, Nvidia shares were around $14 each. The poster child of the AI boom, Nvidia has grown into the most valuable company in the world, surpassing Microsoft, Apple, Amazon and Google parent Alphabet. The stock's movement carries more weight on the S&P 500 and other indexes than every company except Apple. Two years ago, Nvidia's market value was below $600 billion. In its most recent quarter, Nvidia overcame tariff-driven turbulence to deliver another quarter of robust growth amid feverish demand for its high-powered AI chips. Nvidia earned $18.8 billion, or 76 cents per share, in the period, a 26% increase from the same time last year. Revenue surged 69% from a year ago to $44.1 billion. If not for a $4.5 billion charge that Nvidia absorbed to account for the U.S. government's restrictions on its chip sales to China, Nvidia would have made 96 cents per share, far above the 73 cents per share envisioned by analysts. Nvidia reports its second-quarter results next month. Wall Street is expecting another quarter of record sales and profit for the Santa Clara, California, company. Nvidia and other companies benefiting from the AI boom have been a major reason the S&P 500 has climbed to record after record recently. Their explosion of profits has helped to propel the market despite worries about stubbornly high inflation and possible pain coming for the U.S. economy from tariffs and other policies of President Donald Trump. Uncategorized Toronto Blue Jays Columnists Sunshine Girls Crime
Japan Today
07-07-2025
- Politics
- Japan Today
Temporary status to be removed from roughly 80,000 Hondurans, Nicaraguans after 25 years in U.S.
FILE - Supporters of temporary protected status immigrants hold signs and cheer at a rally before a conference announcing a lawsuit against the Trump administration over its decision to end a program letting immigrants live and work legally in the United States outside of a federal courthouse in San Francisco, March 12, 2018. (AP Photo/Jeff Chiu, File) By REBECCA SANTANA and GISELA SALOMON The Trump administration is ending the temporary status for nearly 80,000 Hondurans and Nicaraguans that has allowed them to live and work in the U.S. for a quarter of a century after a devastating hurricane hit Central America, according to federal government notices — a move that comes as the White House pushes to make more immigrants in the U.S. eligible for deportation. The notices are part of a wider effort by the current administration to make good on campaign promises to carry out mass deportations of immigrants. It's doing this by going after people in the country illegally or those who've committed crimes that make them eligible for deportation but also by removing protections from hundreds of thousands of people, many admitted under the Biden administration. Temporary Protected Status is a temporary protection that can be granted by the Homeland Security secretary to people of various nationalities who are in the United States, which prevents them from being deported and allows them to work. The Trump administration has aggressively been seeking to remove the protection, thus making more people eligible for removal. The Department of Homeland Security said Monday in the Federal Register — in a notice set to become official on Tuesday — that Secretary Kristi Noem had reviewed the country conditions in Honduras and Nicaragua. She concluded the situations there had improved enough since the initial decision in 1999 that people currently protected by those temporary designations could return home. The department estimated that roughly 72,000 Hondurans and 4,000 Nicaraguans in the U.S. are covered by the status that will now expire in roughly two months. However, the TPS Alliance, which advocates for immigrants covered by these temporary protections, estimated that about 40,000 Hondurans would be affected because many had obtained legal residency through various immigration channels. Temporary Protected Status for both nationalities expired on July 5. The notices said the protections will be terminated 60 days after the notices are officially published in the Federal Register. TPS is usually granted when conditions in someone's home country make it difficult to return. People covered by it must register with the Department of Homeland Security. and then they're protected from being deported and can work. However, it does not grant them a pathway to citizenship and the secretary must renew it regularly, often in 18-month intervals. When their status officially ends, Hondurans and Nicaraguans currently covered by the Temporary Protected Status can be deported and their work permits will be terminated if they can't find another avenue to stay in the country. Critics say that successive administrations — especially the Biden administration — essentially rubber-stamped these renewals regardless, and people covered by what's supposed to be a temporary status end up staying in the United States for years. The Trump administration has already terminated TPS for about 350,000 Venezuelans, 500,000 Haitians, more than 160,000 Ukrainians, and thousands of people from Afghanistan, Nepal and Cameroon. Some of them, like Venezuelans, Haitians and Ukrainians, have pending lawsuits at federal courts. Another 250,000 Venezuelans are still protected under TPS until September, as well as thousands of Syrians. TPS for Ethiopians expires in December, for Yemenis and Somalians in March 2026, and for Salvadoreans in September 2026. During the Biden administration, the number of people protected by TPS grew significantly. Nearly 1 million Venezuelans and Haitians were protected. Jose Palma, co-coordinator at the National TPS Alliance, said the termination announced Monday will affect people who have lived in the United States for nearly three decades. 'They have established families. Investments. It is a community that .... has undergone annual background checks, that has shown ... all its contributions to this country,' Palma said. 'It's cruel what's happening.' Temporary protections for both countries were initially granted back in 1999 following 1998's Hurricane Mitch. The first Trump administration attempted to end the protections but they both remained in place after litigation. Homeland Security wrote in the federal register notice that Honduras had 'witnessed significant changes in the 26 years since Hurricane Mitch's destruction.' 'Honduras has made significant progress recovering from the hurricane's destruction and is now a popular tourism and real estate investment destination,' the department wrote. They department said the Honduran government in January had launched a plan called 'Brother, Come Home' which aims to help Hondurans deported from the U.S. with money and help finding a job. Of Nicaragua, Noem wrote: 'Nicaragua has made significant progress recovering from the hurricane's destruction with the help of the international community and is now a growing tourism, ecotourism, agriculture, and renewable energy leader.' Honduras Deputy Foreign Affairs Minister Antonio García expressed disappointment at the announcement Monday. 'They argue that Honduras has foreign investment, tourism and its program 'Honduran come home' and that there are conditions to return,' García said. But he said it was the anti-immigrant sentiment of the Trump administration that was really behind it. 'They came to power with that and they're getting it done for their electorate,' he said. © Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
Toronto Sun
25-06-2025
- Business
- Toronto Sun
Google urges CRTC to use restraint with Online Streaming Act
Published Jun 25, 2025 • 3 minute read A sign is displayed on a Google building at their campus in Mountain View, Calif., Sept. 24, 2019. Photo by Jeff Chiu / AP OTTAWA — Google asked the federal broadcast regulator Wednesday to exercise caution and restraint in regulating online platforms. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Representatives from Google, which owns YouTube, appeared before a CRTC hearing on market dynamics. It's one of a series of hearings being held as part of the regulator's work to implement the Online Streaming Act, which updated broadcasting laws to capture online platforms. Arun Krishnamurti, senior counsel at Google Canada, said most content made available on social media platforms is already exempted from regulation under the Online Streaming Act. But the company is pushing back against the prospect of mandatory data sharing. The CRTC has said it wants to collect data on revenues and programming expenditures from both traditional and online players, and make that information public. Google is arguing the proposal raises privacy and confidentiality concerns and could disrupt the market in unintended ways. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. It's also taking issue with the application of 'undue preference' rules on online platforms. Read More Those rules state that a CRTC-licensed entity can't give itself or another party an undue disadvantage or advantage. That means, for example, that a cable company that also owns a broadcasting division can't give its own channels an unfair advantage. Krishnamurti said undue preference rules were designed for traditional players that own both telecom and broadcasting divisions. That includes companies like Bell and Rogers, broadcasters that own TV channels but also sell cable and satellite TV subscriptions. This advertisement has not loaded yet, but your article continues below. 'Google urges the commission to exercise caution and restraint,' he said. 'There's simply no rationale for transposing these regulatory tools onto online undertakings. It would be highly inappropriate for open platforms like YouTube, in particular.' CRTC commissioner Bram Abramson pushed back on that argument as he questioned the Google representatives. He said the concept of undue preference goes back to railways and is also used in telecom regulation. Krishnamurti said Google's platforms don't prevent anyone from uploading content. 'Those rules around undue preference were particularly designed for where … there was choice being made, where services were being kept out of view of users and viewers,' he argued. This advertisement has not loaded yet, but your article continues below. Abramson responded: 'I would have thought if there's a rule saying don't colour outside the lines and somebody says, well, we don't need that rule because we always colour inside the lines, that there'd be a pretty good fit between those two.' Abramson also asked the Google representatives if they would still have an issue with sharing data, such as information on finances and audience size, if concerns about personal and commercially sensitive data could be addressed. He noted that request was put forward during the hearing by those who make programming content. 'I think we still have significant concerns for a variety of reasons,' responded Krishnamurti. 'It's not clear where the commission's authority to require the disclosure of that information to a commercial partner emerges from.' This advertisement has not loaded yet, but your article continues below. Both traditional and online players are appearing at the hearing. Last week, music streamer Spotify said the CRTC shouldn't impose rules meant for radio on streaming services. Bell and Rogers called on the CRTC to loosen existing rules for traditional players, taking aim at regulations governing how cable channels must be packaged and disputes about carriage of cable channels. The CRTC is scheduled to hear from Apple on Thursday, while Amazon is set to appear next week. Spotify, Amazon and Apple are fighting in court an earlier order requiring streamers to make CRTC-ordered financial contributions to Canadian content and news. Toronto & GTA NHL MLB Ontario Other Sports
Japan Today
24-06-2025
- Business
- Japan Today
UK antitrust watchdog says Google may have to offer rival search options
FILE - A sign is displayed on a Google building at their campus in Mountain View, Calif., Sept. 24, 2019. (AP Photo/Jeff Chiu, File) Google could be forced to let British users choose whether to use rival search services, the country's antitrust watchdog said Tuesday as it proposed using new digital regulations to boost competition. The Competition and Markets Authority said its 'priority measures' include requiring Google to present users with 'choice screens' when they use key products like the Chrome browser and Android mobile operating system. The choice screens would let users 'easily select and switch between search services," which could potentially include AI assistants, it said. The watchdog is seeking to give Google a ' strategic market status ' label under the new UK digital rules. That would give it the power to use 'targeted measures' to impose changes to 'specific aspects' of its search operations in the UK. The CMA's move 'could have significant implications for businesses and consumers in the UK,' Google said. Oliver Bethell, Google's senior director of competition, noted in a prepared statement that CMA reiterated that 'strategic market status' doesn't imply that anti-competitive behavior has taken place, "yet this announcement presents clear challenges to critical areas of our business in the UK.' The watchdog has until Oct 13 to decide on whether to give Google the label. It has drawn up three other initial priority measures that it would carry out if it goes ahead. Google would have to make its search results ranking and presentation fair and non-discriminatory, and give businesses an effective way to complain if they've been treated unfairly. Publishers should be given choice and transparency about how their content collected by Google is used for AI services, such as AI-generated overviews that have been appearing at the top of search results. The CMA also wants to ensure people can easily transfer their data, such as their Google search history, to other businesses, which the CMA said could foster innovative new products and services. © Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
Time of India
24-06-2025
- Business
- Time of India
Google cuts $50 million from smart TV team budget, and 75 jobs with it
Alphabet CEO Sundar Pichai (AP Photo/Jeff Chiu) Google has cut its Google TV and Android TV budget by 10 percent, reducing funding by tens of millions of dollars for the company's smart television initiatives, according to an exclusive report by The Information. The cuts have affected up to a quarter of the 300-member smart TV team, with layoffs accompanying the budget reduction. The budget slash comes as Google prepares to integrate its Gemini AI assistant into TV platforms later this year, positioning televisions as central hubs for smart home interaction. Despite the financial constraints, Google maintains its commitment to the platform, citing over 270 million active Android TV devices globally. Company shifts focus to YouTube The timing coincides with Google's strategic pivot toward YouTube, which generated over $50 billion in advertising and subscription revenue for the 12-month period ending last September. The Information reports that Google is redesigning YouTube to resemble streaming services like Netflix and Disney+, emphasizing paid content and premium experiences. YouTube's success has prompted executive changes, with the platform hiring former Disney executive Justin Connolly for partnerships and seeking a successor to chief business officer Mary Ellen Coe. Sources familiar with the matter indicate YouTube VP Christian Oestlien is being considered for the role. Jobs move overseas as US team shrinks While reducing its US-based smart TV workforce, Google plans to expand hiring in international markets, particularly India, aiming to rebuild the team to similar headcount levels but with global distribution. The company's original TV platform budget was reportedly under $500 million before the reduction. "We continue to invest in Google TV with new user experiences including the upcoming integration of Gemini," a Google spokesperson told The Information. "There are more than 270 million Android TV devices, and we remain committed to growing this ecosystem with an exciting road map ahead." The cuts reflect broader restructuring within Google's platforms and devices division, which has seen multiple rounds of layoffs in recent months as the company prioritizes AI development and profitable ventures. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
