Economy

Economy Latest News

OpenAI signs multi-billion dollar chip deal with AMD
OpenAI signs multi-billion dollar chip deal with AMD
by  AFP

OpenAI signed a multi-year partnership Monday with chipmaker Advanced Micro Devices as the ChatGPT-maker continues an investment spree to secure massive amounts of computing power for rolling out generative artificial intelligence. OpenAI sits at the center of an AI investment bonanza to power the promised artificial intelligence revolution.

US government shutdown enters second week
US government shutdown enters second week
by  AFP

The US government shutdown entered its second week on Monday, with no sign of a deal between President Donald Trump's Republicans and Democrats to end the crisis. Republicans argue the expiring health care subsidies are nothing to do with keeping the government open and can be dealt with separately before the end of the year.

China's chip challenge: the race to match US tech
China's chip challenge: the race to match US tech
by  AFP

China's push to develop top-end artificial intelligence microchips is gaining momentum, but analysts say it will struggle to match the technical might of US powerhouse Nvidia within the current decade. The hype has also sharply driven up stocks in the smaller chipmaker Cambricon, sometimes dubbed "China's Nvidia".

'My heart sank': Surging scams roil US job hunters
'My heart sank': Surging scams roil US job hunters
by  AFP

After a series of interviews, Nicole Becker was ecstatic to receive a job offer from a sportswear brand. In July, a purported Chinese brand offered Becker -- a 37-year-old based in Oregon -- a coveted role to lead global communications after an elaborate and legitimate-looking recruitment process that stretched over two weeks.

France unveils new government amid political deadlock
France unveils new government amid political deadlock
by  AFP

French President Emmanuel Macron named a new government on Sunday, putting together a team of largely familiar faces under Prime Minister Sebastien Lecornu as he struggles to pull the country out of a political crisis. In appointing Lecornu in early September, Macron plumped for one of his closest allies rather than seeking to broaden the appeal of the government across the political spectrum.